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AFTER MARKET UPDATE - THURSDAY, FEBRUARY 5TH, 2015
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Indices NYSE Nasdaq
DOW  +211.86 17,884.88 +1.20% Volume 776,435,960 -23% Volume 1,886,139,050 -7%
NASDAQ +48.40 4,765.10 +1.03% Advancers 2,375 74% Advancers 2,081 72%
S&P 500 +21.01 2,062.52 +1.03% Decliners 754 23% Decliners 733 25%
Russell 2000 +17.27 1,208.71 +1.45% 52 Wk Highs 147   52 Wk Highs 92  
S&P 600 +9.52 698.03 +1.38% 52 Wk Lows 16   52 Wk Lows 37  

Breadth Positive as Major Averages Rise Toward Prior Highs

Stocks finished higher on Thursday. The Dow climbed 211 points to 17,884. The S&P 500 advanced 21 points to 2,062. The NASDAQ gained 48 points to 4,765. The volume totals were reported lighter than the prior session totals on the NYSE and on the Nasdaq exchange, a sign of lackluster institutional buying demand. Breadth was positive as advancers led decliners by a 3-1 margin on the NYSE and nearly 3-1 on the Nasdaq exchange. Leadership improved as there were 66 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, up from the prior session total of 57 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 7 of the 10 high-ranked companies currently on the Featured Stocks Page.

Concerning the M criteria, additional gains for the major averages have followed Monday's "positive reversal", avoiding more worrisome technical damage that could have signaled the beginning of a serious market "correction".  

 

PICTURED: The Dow Jones Industrial Average found support at its 200-day moving average (DMA) line, and it has quickly rebounded above its 50 DMA line to within -1.24% of its all-time high.

The major averages marched higher as investors focused on corporate activity and a rebound in commodity prices. At the close, all 10 sectors of the S&P 500 were in positive territory. Materials and health care were up the most. Freeport McMoRan (FCX +7.11%) rose following a round of positive commentary and a rebound in the copper market. Meanwhile, Hospira Inc (HSP +35.25%) surged after agreeing to be acquired by Pfizer (PFE +2.87%). In energy, Chevron (CVX +0.89%) while Exxon (XOM +0.98%) amid a rally in crude prices.

On the economic front, jobless claims last week gained less than estimated with 278,000 applicants. Meanwhile the trade deficit touched $46.6 billion as a strong dollar hampered exports and vehicle imports climbed.

Treasuries fell with the benchmark 10-year note down 15/32 to yield 1.80%.

In commodities, WTI crude staged a 4.8% rally to $50.78/barrel. Meanwhile, gold gained 0.3% to $1267/ounce. In currencies, the dollar was off of session lows, but fell -0.5%. The euro gained 1.2% to $1.1482/EUR and the yen fell 0.2% to ¥117.49/USD

The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert.  See the Premium Member Homepage for archives to all prior pay reports published.


Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.

Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities.


Financial, Retail, Tech and Commodity-Linked Groups Rose

The Retail Index ($RLX +1.16%) and financial shares underpinned Thursday's gains for the major averages. The Bank Index ($BKX +1.35%) and the Broker/Dealer Index ($XBD +1.35%) both rallied. Commodity-linked groups had a positive bias as the Oil Services Index ($OSX +2.63%), Integrated Oil Index ($XOI +1.17%), and the Gold & Silver Index ($XAU +1.26%) all finished higher.  The tech sector saw unanimous gains for the Semiconductor Index ($SOX +0.98%), Networking Index ($NWX +2.03%), and the Biotechnology Index ($BTK +2.35%).

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +1.35%) rebounded toward its 50-day moving average (DMA) line from support at its 200 DMA line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  202.11 +5.17 +2.63% -4.15%
Integrated Oil $XOI  1,379.50 +15.89 +1.17% +2.33%
Semiconductor $SOX  675.69 +6.54 +0.98% -1.63%
Networking $NWX  351.74 +6.99 +2.03% -1.73%
Broker/Dealer $XBD  176.07 +2.35 +1.35% -4.64%
Retail $RLX  1,074.72 +12.34 +1.16% +4.07%
Gold & Silver $XAU  81.03 +1.01 +1.26% +17.81%
Bank $BKX  70.06 +0.93 +1.35% -5.66%
Biotech $BTK  3,660.86 +84.09 +2.35% +6.45%


New Pivot Point Cited While Rebounding Near Prior Highs

Epam Systems Inc (EPAM +$0.88 or +1.74% to $51.39) rebounded further above its 50-day moving average (DMA) line helping its technical stance improve. A new pivot point is cited based upon its 12/11/14 high plus 10 cents. Little overhead supply remains up through the $52 level, however, disciplined investors will watch for fresh proof of serious institutional buying demand before taking action.

The high-ranked Computer - Tech Services firm was last shown in this FSU section on 1/21/15 with annotated graphs under the headline, "Recovery Above 50-Day Average Needed for Outlook to Improve". Following recent gains its Relative Strength rating of 89 is now well above the 80+ minimum guideline for buy candidates. However, its Relative Strength line (the jagged blue line) peaked a bit higher in December. Historic studies have found that it is a better sign to see a stock's Relative Strength line hitting new all-time highs and leading the way before its share price moves into new high territory.

EPAM reported earnings +40% on +38% sales revenues for the Sep '14 quarter and also gave upbeat sales guidance. It had previously reported earnings +33% on +31% sales revenues for the Jun '14 quarter. Its 4 consecutive quarters with earnings above the +25% guideline makes it a solid match concerning the C criteria. Annual earnings growth (A criteria) has been strong.

It completed Secondary Offerings 8/30/13 and 9/17/13. The number of top-rated funds owning its shares rose from 254 in Dec '13 to 318 in Dec '14, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication that for the past 50 days its shares have been in neutral.  Its small supply of only 36.4 million shares (S criteria) can contribute to greater volatility in the event of institutional buying or selling.


Color Codes Explained :
Y - Better candidates highlighted by our staff of experts.
G - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.

***Last / Change / Volume data in this table is the closing quote data***
Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
ACT - NYSE
Actavis plc
Medical-Generic Drugs  
$274.67 +8.44
3.17%

$276.65

4,285,286
169.25% of 50 DAV
50 DAV is 2,532,000
$285.09
-3.65%
12/29/2014 $260.22 PP = $272.85
MB = $286.49
Most Recent Note - 2/5/2015 2:36:00 PM
Y - Rallying from support at its 50 DMA line with a gain today on higher volume, rebounding above the previously cited pivot point. Recent low ($262.00 on 2/02/15) defines important near-term support below its 50 DMA line where a violation would raise more serious concerns.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average Line - 2/2/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
AMBA - NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized  
$59.21 +2.69
4.76%

$59.99

2,198,039
109.30% of 50 DAV
50 DAV is 2,011,000
$63.20
-6.31%
1/7/2015 $54.96 PP = $58.10
MB = $61.01
Most Recent Note - 2/5/2015 2:29:13 PM
Y - Tallying a big gain today and rebounding above its pivot point without great volume conviction. Its 50 DMA line recently acted as support.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Staying Above 50-Day Moving Average - 1/27/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
EPAM - NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$51.39 +0.88
1.74%

$51.45

262,026
76.17% of 50 DAV
50 DAV is 344,000
$52.89
-2.84%
2/5/2015 $51.39 PP = $52.99
MB = $55.64
Most Recent Note - 2/5/2015 7:20:11 PM
Y - Rebounded further above its 50 DMA line and within close striking distance of its 52-week high. Little overhead supply remains up through the $52 level. A volume-driven gain above the new pivot point cited could trigger a new (or add-on) technical buy signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : New Pivot Point Cited While Rebounding Near Prior Highs - 2/5/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
ILMN - NASDAQ
Illumina Inc
DRUGS - Biotechnology  
$194.51 +2.48
1.29%

$194.78

1,158,600
90.87% of 50 DAV
50 DAV is 1,275,000
$213.33
-8.82%
12/30/2014 $186.26 PP = $196.00
MB = $205.80
Most Recent Note - 2/5/2015 7:23:16 PM
Y - Posted a small gain on below average volume. Its 50 DMA line ($189.80) defines important near-term support to watch where more damaging losses would raise greater concerns. Reported earnings +93% on +32% sales revenues for the Dec '14 quarter.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Technical Stance - 1/20/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
JLL - NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen  
$159.00 +1.62
1.03%

$159.70

454,686
143.43% of 50 DAV
50 DAV is 317,000
$160.91
-1.19%
2/3/2015 $156.95 PP = $154.66
MB = $162.39
Most Recent Note - 2/5/2015 7:24:27 PM
Y - Posted a gain today on lighter volume but still above average volume. Has the look of a valid Secondary Buy point up to +5% above prior highs. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Pullback Following Big Volume-Driven Gain For New Highs - 2/4/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy
NXPI - NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line  
$78.27 -1.48
-1.86%

$80.75

6,638,378
217.08% of 50 DAV
50 DAV is 3,058,000
$82.76
-5.43%
1/5/2015 $76.43 PP = $78.44
MB = $82.36
Most Recent Note - 2/5/2015 12:42:56 PM
Y - Churned above average volume but made no meaningful price progress in recent weeks, a sign of distributional pressure. No resistance remains to hinder its progress. Its 50 DMA line ($77.12) acted as support recently, where a violation would raise concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : 50-Day Moving Average Acted as Support After "Negative Reversal" - 1/22/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
PANW - NYSE
Palo Alto Networks
Computer Sftwr-Security  
$127.11 +1.43
1.14%

$127.40

799,784
59.11% of 50 DAV
50 DAV is 1,353,000
$130.00
-2.22%
7/30/2014 $84.21 PP = $85.88
MB = $90.17
Most Recent Note - 2/5/2015 7:26:25 PM
G - Posted a 2nd consecutive gain today on very light volume after testing support at its 50 DMA line ($122.82). Recent low ($117.60 on 1/02/15) defines the next important near-term support to watch where violations may trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Finished With a Loss and Near Session Low After Chance at Best-Ever Close - 1/28/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
RH - NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores  
$87.41 -5.31
-5.73%

$96.88

2,594,339
278.66% of 50 DAV
50 DAV is 931,000
$100.66
-13.16%
12/11/2014 $98.66 PP = $94.60
MB = $99.33
Most Recent Note - 2/5/2015 2:26:53 PM
G - Erased early gains and slumped below its 50 DMA line for a loss with above average volume. Color code is changed to green. Faces some resistance due to overhead supply.
>>> FEATURED STOCK ARTICLE : Quiet Rebound Above 50-Day Moving Average Helped Technical Stance - 2/3/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
UIHC - NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl  
$27.84 -0.11
-0.39%

$28.26

388,949
135.05% of 50 DAV
50 DAV is 288,000
$28.28
-1.56%
12/5/2014 $20.64 PP = $20.31
MB = $21.33
Most Recent Note - 2/5/2015 7:27:38 PM
G - Paused today after 3 consecutive volume-driven gains for new 52-week highs, getting more extended from any sound base. Prior highs in the $22 area and its 50 DMA line define near-term support to watch.
>>> FEATURED STOCK ARTICLE : Extended After Tallying More Volume-Driven Gains - 1/29/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$161.45 +0.58
0.36%

$162.24

2,237,119
116.52% of 50 DAV
50 DAV is 1,920,000
$165.69
-2.56%
1/5/2015 $144.84 PP = $149.90
MB = $157.40
Most Recent Note - 2/5/2015 12:54:11 PM
G - Holding its ground following a "negative reversal" on 2/03/15, and it is extended from any sound base. Its 50 DMA line ($148.95) defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High Following 3 Quiet Gains - 1/23/2015
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
Symbol/Exchange
Company Name
Industry Group
PRICE CHANGE
(%Change)
Day High Volume
(% DAV)
(% 50 day avg vol)
52 Wk Hi
% From Hi
Featured
Date
Price
Featured
Pivot Featured
Max Buy

THESE ARE NOT BUY RECOMMENDATIONS!  Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. This site is not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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