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AFTER MARKET UPDATE - FRIDAY, FEBRUARY 6TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-60.59 |
17,824.29 |
-0.34% |
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Volume |
908,883,410 |
+17% |
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Volume |
1,897,087,390 |
+1% |
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NASDAQ |
-20.70 |
4,744.40 |
-0.43% |
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Advancers |
1,144 |
36% |
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Advancers |
1,300 |
44% |
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S&P 500 |
-7.05 |
2,055.47 |
-0.34% |
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Decliners |
1,961 |
61% |
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Decliners |
1,524 |
52% |
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Russell 2000 |
-3.24 |
1,205.46 |
-0.27% |
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52 Wk Highs |
144 |
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52 Wk Highs |
106 |
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S&P 600 |
-1.18 |
696.85 |
-0.17% |
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52 Wk Lows |
15 |
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52 Wk Lows |
35 |
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Major Averages Fell Friday Yet Ended the Week Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow lost 62 points to 17,824, trimming the +3.8% weekly gain. The S&P 500 declined 7 points to 2,055 to pare its +3.0% weekly move. The NASDAQ finished 20 points lower to 4,744, and +2.4% higher for the week. Behind Friday's losses the volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange, a sign of distributional pressure. Breadth was negative as decliners led advancers by more than a 3-2 margin on the NYSE and by an 8-7 margin on the Nasdaq exchange. Leadership improved as there were 74 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 66 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 5 of the 12 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 Nasdaq Composite Index ended lower on Friday after rebounding above its 50-day moving average (DMA) this week. It ended -1.5% off its recent high.
Stocks erased earlier gains on Friday and the major averages reversed course as speculation set in that the positive labor market report may spur earlier-than-anticipated rate hikes. The Labor Department announced the best three months of hiring in 17 years, as 257,000 jobs were added in January and December’s figure was revised 77,000 jobs higher. Meanwhile, consumer credit increased $14.8 billion in December, missing analyst forecasts.
At the close, eight of the 10 sectors in the S&P 500 were lower. Utilities were a relative underperformer, as strong domestic growth and the prospects of rate hikes turned investors negative. Dominion Resources (D -3.8%) fell. However, speculation of a rate hike lifted financial stocks as JP Morgan Chase & Co (JPM +2%) rose. In M&A activity, Harris Corp (HRS +9.6%) rose after announcing acquisition plans with Exelis (EXEL +36.3%), which surged.
Treasuries moved sharply lower with the benchmark 10-year note down over a full point to yield 1.95%.
Commodities were mixed as WTI extended its rally by 3% to $52.00/barrel. Gold, however, lost 2% to $1,236.60/ounce, as the dollar gained 1%. The euro fell 1.4% to $1.1320/USD and the yen finished 1.2% lower to ¥118.99/USD.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial Gains Outweighed by Broader Group Weakness
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Gains from influential financial shares helped the major averages avoid larger losses on Friday as the Broker/Dealer Index ($XBD +1.65%) and the Bank Index ($BKX +1.81%) both rose. The Biotechnology Index ($BTK -1.49%) outpaced the Semiconductor Index ($SOX -0.57%) to the downside, meanwhile the Networking Index ($NWX -0.12%) finished with a smaller loss. The Retail Index ($RLX -0.21%) also edged lower. Energy-related shares were mixed as the Oil Services Index ($OSX +0.35%) posted a small gain and the Integrated Oil Index ($XOI -0.52%) fell.
Charts courtesy www.stockcharts.com
PICTURED: The Gold & Silver Index ($XAU -5.07%) is consolidating below its 200-day moving average (DMA) line after rebounding above its 50 DMA line.
| Oil Services |
$OSX |
202.81 |
+0.70 |
+0.35% |
-3.82% |
| Integrated Oil |
$XOI |
1,372.32 |
-7.17 |
-0.52% |
+1.79% |
| Semiconductor |
$SOX |
671.85 |
-3.84 |
-0.57% |
-2.19% |
| Networking |
$NWX |
351.31 |
-0.43 |
-0.12% |
-1.85% |
| Broker/Dealer |
$XBD |
178.98 |
+2.91 |
+1.65% |
-3.07% |
| Retail |
$RLX |
1,072.42 |
-2.30 |
-0.21% |
+3.84% |
| Gold & Silver |
$XAU |
76.92 |
-4.11 |
-5.07% |
+11.83% |
| Bank |
$BKX |
71.33 |
+1.27 |
+1.81% |
-3.95% |
| Biotech |
$BTK |
3,606.17 |
-54.69 |
-1.49% |
+4.86% |
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Breakaway Gap Cleared All Resistance Due to Overhead Supply
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Linkedin Corp (LNKD +$25.43 or +10.69% to $263.40) was highlighted in yellow with pivot point cited based on its 12/19/14 high plus 10 cents in the earlier mid-day report (read here). It reported earnings +56% on +44% sales revenues for the Dec '14 quarter. That marked its 3rd consecutive quarter with earnings above the +25% minimum guideline (C criteria), following sub par Dec '13 and Mar '14 earnings results. It has maintained a strong annual earnings (A criteria) history. It hit new 52-week and all-time highs (N criteria) with a considerable "breakaway gap" today, clearing all resistance due to overhead supply and triggering a technical buy signal.
LNKD was dropped from the Featured Stocks list on 5/28/13, and it was last shown in this FSU section on 4/07/14 with annotated graphs under the headline, "Overhead Supply Likely to Hinder Any Subsequent Rally Effort". Following a deep consolidation below its 200-day moving average (DMA) line it gradually rebounded. A "breakaway gap" is the one noted exception where investors may chase a stock more than +5% above prior highs, however risk increases that an ordinary pullback may trigger the strict sell rules requiring disciplined investors to always limit losses.
The high-ranked leader from the Internet - Content group's Return On Equity of 10% is still below the 17% guideline, which is a minor concern. Ownership by top-rated funds has been on the rise from 907 in Jun '14 to 1,095 in Dec '14, an encouraging sign concerning the I criteria.
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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
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$276.55
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+1.88
0.68% |
$278.65
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2,753,888
108.98% of 50 DAV
50 DAV is 2,527,000
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$285.09
-3.00%
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12/29/2014
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$260.22
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PP = $272.85
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MB = $286.49
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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
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C
A N
S L
I M
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
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$56.02
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-3.19
-5.39% |
$57.69
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2,464,601
121.11% of 50 DAV
50 DAV is 2,035,000
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$63.20
-11.36%
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1/7/2015
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$54.96
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PP = $58.10
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MB = $61.01
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Most Recent Note - 2/6/2015 10:51:32 AM
Y - Gapped down today, abruptly reversing the prior session's big gain and slumping near its 50 DMA line ($54.24). That short-term average recently acted as support. A subsequent violation would raise concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Staying Above 50-Day Moving Average - 1/27/2015
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C
A N
S L
I M
|
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
|
$51.01
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-0.38
-0.74% |
$52.03
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208,304
60.38% of 50 DAV
50 DAV is 345,000
|
$52.89
-3.55%
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2/5/2015
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$51.39
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PP = $52.99
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MB = $55.64
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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
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
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$192.64
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-1.87
-0.96% |
$195.85
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1,297,405
101.20% of 50 DAV
50 DAV is 1,282,000
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$213.33
-9.70%
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12/30/2014
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$186.26
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PP = $196.00
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MB = $205.80
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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
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C
A N
S L
I M
|
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$157.09
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-1.91
-1.20% |
$159.70
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521,886
162.58% of 50 DAV
50 DAV is 321,000
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$160.91
-2.37%
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2/3/2015
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$156.95
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PP = $154.66
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MB = $162.39
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Most Recent Note - 2/6/2015 6:06:27 PM
Y - Pulled back today with higher volume, a sign of distributional pressure. Has the look of a valid Secondary Buy point up to +5% above prior highs. Prior highs in the $154 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pullback Following Big Volume-Driven Gain For New Highs - 2/4/2015
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C
A N
S L
I M
|
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 |
LNKD
-
NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers
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$263.40
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+25.43
10.69% |
$272.96
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6,918,728
511.36% of 50 DAV
50 DAV is 1,353,000
|
$243.25
8.28%
|
2/6/2015
|
$269.83
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PP = $243.35
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MB = $255.52
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Most Recent Note - 2/6/2015 6:00:49 PM
Y - Finished near the session low following a considerable "breakaway gap" today, clearing all resistance due to overhead supply with 5 times average volume behind its big gain triggering a technical buy signal. It was highlighted in yellow with pivot point cited based on its 12/19/15 high plus 10 cents in the earlier mid-day report (read here). Reported earnings +56% on +44% sales revenues for the Dec '14 quarter. That marks its 3rd consecutive quarter with earnings above the +25% minimum guideline (C criteria). A "breakaway gap" is the one noted exception where investors may chase a stock more than +5% above prior highs, however risk increases that an ordinary pullback may trigger the strict sell rules requiring disciplined investors to always limit losses. See the latest FSU analysis for more details and new annotated graphs
>>> FEATURED STOCK ARTICLE : Breakaway Gap Cleared All Resistance Due to Overhead Supply - 2/6/2015
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C
A N
S L
I M
|
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$82.29
|
+4.02
5.14% |
$83.44
|
6,119,539
195.51% of 50 DAV
50 DAV is 3,130,000
|
$82.76
-0.57%
|
1/5/2015
|
$76.43
|
PP = $78.44
|
|
MB = $82.36
|
Most Recent Note - 2/6/2015 6:04:11 PM
Y - Hit a new all-time high (N criteria) today and finished near its "max buy" level. No resistance remains to hinder its progress. The big gain backed by +95% above average volume confirmed a technical buy signal. Reported +36% earnings on +19% sales revenues for the Dec '14 quarter, better than estimates, along with providing encouraging guidance. Its 50 DMA line ($77.24) acted as support recently, whereas a damaging 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
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$125.62
|
-1.49
-1.17% |
$128.15
|
707,956
52.87% of 50 DAV
50 DAV is 1,339,000
|
$130.00
-3.37%
|
7/30/2014
|
$84.21
|
PP = $85.88
|
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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
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C
A N
S L
I M
|
QLYS
-
NASDAQ
Qualys Inc
Computer Sftwr-Security
|
$40.35
|
-0.54
-1.32% |
$42.67
|
498,545
238.54% of 50 DAV
50 DAV is 209,000
|
$41.09
-1.80%
|
2/6/2015
|
$42.24
|
PP = $40.84
|
|
MB = $42.88
|
Most Recent Note - 2/6/2015 4:47:19 PM
Y - Encountered distributional pressure and reversed into the red for a volume-driven loss today, closing below its pivot point after hitting a new 52-week high. Highlighted in yellow with pivot point cited based on its 12/26/14 high plus 10 cents in the earlier mid-day report (read here). Triggered a technical buy signal on the prior session. Due to report Dec '14 earnings after the close on Monday, Feb 9th, and volume and volatility often increase near earnings news. Noted in the 11/06/14 mid-day report with caution - "Reported earnings +88% on +24% sales revenues for the Sep '14 quarter, marking its 3rd consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). Patient investors may watch for a new base or secondary buy point to develop and be noted in the weeks ahead."
There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below
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C
A N
S L
I M
|
RH
-
NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores
|
$86.74
|
-0.67
-0.77% |
$89.97
|
895,404
93.37% of 50 DAV
50 DAV is 959,000
|
$100.66
-13.83%
|
12/11/2014
|
$98.66
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PP = $94.60
|
|
MB = $99.33
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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
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C
A N
S L
I M
|
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 |
UIHC
-
NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl
|
$28.09
|
+0.25
0.90% |
$28.43
|
281,447
96.39% of 50 DAV
50 DAV is 292,000
|
$28.28
-0.67%
|
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
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C
A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$161.99
|
+0.54
0.33% |
$163.76
|
1,243,517
64.77% of 50 DAV
50 DAV is 1,920,000
|
$165.69
-2.23%
|
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
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C
A N
S L
I M
|
|
|
|
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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