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AFTER MARKET UPDATE - TUESDAY, FEBRUARY 10TH, 2015
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DOW |
+139.55 |
17,868.76 |
+0.79% |
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Volume |
768,678,160 |
+1% |
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Volume |
1,644,061,580 |
+8% |
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NASDAQ |
+61.63 |
4,787.64 |
+1.30% |
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Advancers |
1,749 |
55% |
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Advancers |
1,903 |
61% |
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S&P 500 |
+21.85 |
2,068.59 |
+1.07% |
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Decliners |
1,335 |
42% |
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Decliners |
1,109 |
36% |
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Russell 2000 |
+7.35 |
1,203.18 |
+0.61% |
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52 Wk Highs |
89 |
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52 Wk Highs |
54 |
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S&P 600 |
+3.08 |
693.57 |
+0.45% |
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52 Wk Lows |
31 |
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52 Wk Lows |
40 |
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Breadth Positive and Volume Totals Higher as Major Averages Rallied
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks rebounded from two prior days of declines to finish firmly in positive territory on Tuesday. The Dow was up 140 points to 17,868. The S&P 500 gained 22 points to 2,068. The NASDAQ Composite climbed 62 points higher to 4,787. Volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange, a sign of an increase in buying demand from the institutional crowd. Breadth was positive as advancers led decliners by almost a 3-2 margin on the NYSE and better than a 3-2 margin on the Nasdaq exchange. However, there were only 40 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down from the prior session total of 55 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for all of the 12 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, additional gains for the major averages have followed last 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 finished -1.3% off its all-time high.
The major averages rose as investors monitored debt discussions between Greece and the Euro-zone. Positive earnings releases provided a lift to the market. Coca-Cola Coca-Cola (KO +2.48%) advanced after quarterly results topped estimates and the company raised its full-year forecast. On the economic front, reports showed small business sentiment unexpectedly fell in January and wholesale inventories edged up +0.1% in December.
Nine of 10 sectors in the S&P 500 were up on the session. Utilities were the best performing group. Duke Energy (DUK +1.79%) rose after announcing it would buy a majority stake in alternative energy developer REC Solar. Tech also paced the market higher as chip makers including Micron (MU +9.66%) rallied. Qualcomm (QCOM +4.69%) rose after agreeing to pay $975 million to settle an antitrust dispute in China. Energy was the lone sector lower. Transocean (RIG -6.26%) fell as NYMEX WTI crude dropped -4.4% to $50.56/barrel to snap a three-day winning streak following a reduced demand forecast from the EIA.
Treasuries fell for a fourth day despite strong foreign demand at the latest $24 billion three-year note auction. Benchmark 10-year notes declined 6/32 to yield 2.00%.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, and Tech Groups Underpinned Rally
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +1.33%) and Bank Index ($BKX +0.68%) posted influential gains and strength from the Retail Index ($RLX +1.28%) also boosted the major averages on Tuesday's session. The Semiconductor Index ($SOX +3.38%) led the tech sector while the Biotechnology Index ($BTK +1.44%) and Networking Index ($NWX +1.07%) also posted solid gains. Commodity-linked groups fell as the Gold & Silver Index ($XAU -1.75%) and Oil Services Index ($OSX -2.16%) outpaced the Integrated Oil Index ($XOI -0.24%) downside.
Charts courtesy www.stockcharts.com
PICTURED: The Integrated Oil Index ($XOI -0.24%) recently has been consolidating above its 50-day moving average (DMA) line. That important short-term average had acted as a resistance back in November before it slumped even lower.
| Oil Services |
$OSX |
201.41 |
-4.44 |
-2.16% |
-4.49% |
| Integrated Oil |
$XOI |
1,376.63 |
-3.25 |
-0.24% |
+2.11% |
| Semiconductor |
$SOX |
687.03 |
+22.49 |
+3.38% |
+0.02% |
| Networking |
$NWX |
354.44 |
+3.75 |
+1.07% |
-0.98% |
| Broker/Dealer |
$XBD |
179.64 |
+2.36 |
+1.33% |
-2.71% |
| Retail |
$RLX |
1,080.43 |
+13.65 |
+1.28% |
+4.62% |
| Gold & Silver |
$XAU |
76.88 |
-1.37 |
-1.75% |
+11.78% |
| Bank |
$BKX |
71.35 |
+0.48 |
+0.68% |
-3.92% |
| Biotech |
$BTK |
3,634.51 |
+51.71 |
+1.44% |
+5.68% |
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Following "Negative Reversal Gains Have Lacked Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Illumina Inc (ILMN +$1.74 or +0.90% to $194.01) posted a small gain today with below average volume. Its 50-day moving average (DMA) line ($189.93) defines important near-term support to watch where more damaging losses would raise greater concerns. Little resistance remains due to overhead supply, however, it has made limited headway since highlighted in the 10/22/14 mid-day report (read here).
This Medical - Research Equipment/Services firm was last shown in this FSU section on 1/20/15 with annotated graphs under the headline, "Rebound Above 50-Day Moving Average Helped Technical Stance", as a big gain backed by twice average volume was noted as action indicative of meaningful institutional support. Its current Relative Strength (RS) rank is down from 89 to 83 since then, yet still above the 80+ minimum guideline for buy candidates. Subsequent gains above the $200 level lacked great volume conviction. Then, there was a "negative reversal" with higher volume on 1/28/15 after gapping up and hitting a new 52-week high. It has sputtered with small gains again lacking volume conviction.
It reported earnings +93% on +32% sales revenues for the Dec '14 quarter, its 3rd consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). Sequential quarterly comparisons show encouraging sales revenues and earnings acceleration. Its annual earnings (A criteria) growth history has improved steadily since a downturn in FY '09. The number of top-rated funds owning its shares rose from 877 in Dec '13 to 1,102 in Dec '14, a reassuring 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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$279.14
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+6.83
2.51% |
$279.76
|
2,407,396
97.90% of 50 DAV
50 DAV is 2,459,000
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$285.09
-2.09%
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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 - 2/10/2015 7:14:09 PM
Y - Rallying from support at its 50 DMA line with another gain today on higher (near average) volume. 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 |
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C
A N
S L
I M
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AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
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$56.25
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+0.67
1.21% |
$56.52
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1,385,820
67.01% of 50 DAV
50 DAV is 2,068,000
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$63.20
-11.00%
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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 - 2/10/2015 7:16:07 PM
Y - Halted its slide above its 50 DMA line ($54.36) with a small gain on light volume. 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
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$51.40
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+0.40
0.78% |
$51.66
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205,535
60.27% of 50 DAV
50 DAV is 341,000
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$52.89
-2.82%
|
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 - 2/10/2015 7:19:13 PM
Y - Perched within close striking distance of its 52-week high and wedging higher with very little overhead supply remaining to act as resistance. Subsequent volume-driven gains above the pivot point could trigger a new (or add-on) technical buy signal.
>>> 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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$194.01
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+1.74
0.90% |
$194.78
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818,234
63.92% of 50 DAV
50 DAV is 1,280,000
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$213.33
-9.06%
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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 - 2/10/2015 7:00:28 PM
Y - Posted a small gain on below average volume and gains since its "negative reversal" have lacked volume. Its 50 DMA line ($189.93) 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. See latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Following "Negative Reversal Gains Have Lacked Volume - 2/10/2015
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C
A N
S L
I M
|
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
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$159.59
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+2.12
1.35% |
$159.99
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228,757
70.60% of 50 DAV
50 DAV is 324,000
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$160.91
-0.82%
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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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$269.75
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+2.32
0.87% |
$274.19
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2,645,664
175.44% of 50 DAV
50 DAV is 1,508,000
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$272.96
-1.18%
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2/6/2015
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$269.83
|
PP = $243.35
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MB = $255.52
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Most Recent Note - 2/10/2015 7:07:48 PM
G - Color code was changed to green after getting very extended from prior highs following the considerable "breakaway gap" noted in the 2/06/15 mid-day report (read here). Disciplined investors avoid chasing extended stocks and may watch for a new base or secondary buy point to possibly develop and be noted.
>>> 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
|
$81.96
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+0.99
1.22% |
$82.00
|
3,073,977
99.68% of 50 DAV
50 DAV is 3,084,000
|
$83.44
-1.77%
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1/5/2015
|
$76.43
|
PP = $78.44
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MB = $82.36
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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
|
$128.43
|
+3.40
2.72% |
$128.94
|
651,392
56.69% of 50 DAV
50 DAV is 1,149,000
|
$130.00
-1.21%
|
7/30/2014
|
$84.21
|
PP = $85.88
|
|
MB = $90.17
|
Most Recent Note - 2/10/2015 7:05:16 PM
G - Ended the session less than a point off of its best-ever close with a small gain on light volume. Its 50 DMA line and recent lows define near-term support 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
|
$46.94
|
+6.09
14.91% |
$48.00
|
1,853,735
835.02% of 50 DAV
50 DAV is 222,000
|
$42.67
10.01%
|
2/6/2015
|
$42.24
|
PP = $40.84
|
|
MB = $42.88
|
Most Recent Note - 2/10/2015 12:54:50 PM
G - Gapped up today and hit a new 52-week high with a considerable volume-driven gain. Color code was changed to green after rallying beyond its "max buy" level. Reported earnings +200% on +26% sales revenues for the Dec '14 quarter, its 4th consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). It was highlighted in yellow with pivot point cited based on its 12/26/14 high plus 10 cents in the 2/06/15 mid-day report (read here). See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Strong Dec '14 Earnings Report While Perched Near All-Time High - 2/9/2015
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C
A N
S L
I M
|
RH
-
NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores
|
$87.61
|
+2.07
2.42% |
$88.99
|
971,985
101.04% of 50 DAV
50 DAV is 962,000
|
$100.66
-12.96%
|
12/11/2014
|
$98.66
|
PP = $94.60
|
|
MB = $99.33
|
Most Recent Note - 2/10/2015 7:11:54 PM
G - Halted its slide with a gain on average volume, still sputtering below its 50 DMA line. A rebound above the 50 DMA line is needed for its outlook to improve. 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
|
$27.75
|
+0.17
0.62% |
$27.76
|
205,143
69.78% of 50 DAV
50 DAV is 294,000
|
$28.43
-2.39%
|
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
|
$164.13
|
+4.03
2.52% |
$164.30
|
1,712,820
89.82% of 50 DAV
50 DAV is 1,907,000
|
$165.69
-0.94%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
|
MB = $157.40
|
Most Recent Note - 2/10/2015 7:22:23 PM
G - Extended from any sound base and wedging higher with recent gains lacking great volume conviction. Prior highs and is 50 DMA line ($150.04) now coincide and define important 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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