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AFTER MARKET UPDATE - WEDNESDAY, FEBRUARY 11TH, 2015
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Indices NYSE Nasdaq
DOW  -6.62 17,862.14 -0.04% Volume 732,307,080 -5% Volume 1,645,472,030 +0%
NASDAQ +13.54 4,801.18 +0.28% Advancers 1,402 44% Advancers 1,285 43%
S&P 500 -0.06 2,068.53 -0.00% Decliners 1,695 53% Decliners 1,550 52%
Russell 2000 -1.62 1,201.55 -0.14% 52 Wk Highs 89   52 Wk Highs 77  
S&P 600 -0.60 692.97 -0.09% 52 Wk Lows 31   52 Wk Lows 52  

Tech-Heavy Nasdaq Rose as Dow and S&P 500 Finished Flat

Stocks finished mixed on Wednesday. The Dow lost 6 points to 17,862 after being down as many as 108 points. The S&P 500 finished down less than a point to 2,068. The NASDAQ advanced 13 points to 4,801. Volume totals were reported lighter than the prior session total on the NYSE and near the prior session total on the Nasdaq exchange. Breadth was slightly negative as decliners led advancers by an 8-7 margin on the NYSE and a 5-4 margin on the Nasdaq exchange. There were 55 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 40 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 13 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".  Keep in mind that new buying efforts should only be made in stocks meeting all of the fundamental and technical guidelines the fact-based investment system.

 

PICTURED: The Nasdaq Composite Index is perched near its 52-week high after a gain on Wednesday. It outpaced the Dow and S&P 500, both of which ended slightly in the red. Tech strength was an encouraging sign, since the tech sector has played a very important role in the most historic market rallies.

The major averages toggled between gains and losses as investors digested earnings and geopolitics. At the close, six of the 10 S&P 500 sectors finished lower. Consumer stocks caught a tailwind from a positive earnings report out of both PepsiCo, (PEP +2.5%) and Mondelez International, Inc. (MDLZ +2.6%). However, ahead of quarterly results Cisco (CSCO -2%) and TripAdvisor (TRIP -3.9%) both fell. Utilities were off the most with Duke Energy (DUK  -1.8%) down as investors shunned the group on fears of rate hikes.

On the economic front, January's budget deficit was $17.5 billion, narrower than CBO forecasts. Internationally, Greek and German officials continued posturing ahead of tough debt negotiations, while fighting in Ukraine intensified. Domestically, President Obama asked Congress for support in waging a war against the Islamic State.

Treasuries were virtually unchanged amid an auction of $24 billion in 10-year notes. The benchmark security fell 1/32 to yield 2.00%.

In commodities, WTI crude finished off of session lows but still lost -1.3% to $49.36/barrel, following the unexpectedly large inventory build reported by the DOE. Similarly, gold fell -1% to $1,219.00/ounce. Meanwhile, the dollar advanced 0.5% as the euro declined 0.3% to $1.1293/EUR and the yen slid 0.7% to ¥120.25/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.


Commodity-Linked Groups Fell and Techs Rose

The tech sector saw modest gains from the Semiconductor Index ($SOX +0.32%) and the Networking Index ($NWX +0.38%) while the Biotechnology Index ($BTK -0.13%) ended with a small loss. Commodity-linked groups created a negative drag on the major averages as the Gold & Silver Index ($XAU -1.96%), Oil Services Index ($OSX -1.22%), and Integrated Oil Index ($XOI -0.83%) ended unanimously lower. The Bank Index ($BKX -0.38%) also edged lower while the Broker/Dealer Index ($XBD +0.02%) and the Retail Index ($RLX +0.01%) both finished flat.

Charts courtesy www.stockcharts.com  

PICTURED: The Oil Services Index ($OSX -1.22%),has encountered resistance near its 50-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  198.96 -2.45 -1.22% -5.65%
Integrated Oil $XOI  1,365.20 -11.42 -0.83% +1.27%
Semiconductor $SOX  689.25 +2.22 +0.32% +0.35%
Networking $NWX  355.77 +1.33 +0.38% -0.61%
Broker/Dealer $XBD  179.69 +0.04 +0.02% -2.68%
Retail $RLX  1,080.57 +0.14 +0.01% +4.63%
Gold & Silver $XAU  75.37 -1.51 -1.96% +9.58%
Bank $BKX  71.08 -0.27 -0.38% -4.28%
Biotech $BTK  3,629.71 -4.79 -0.13% +5.54%


Financial Firms Dec '14 Earnings Raised Fundamental Concerns

Amtrust Financial Services' (AFSI -$0.25 or -0.50% to $50.11) was highlighted in yellow in the earlier mid-day report (read here) while working on the right side of a 9-week cup shaped base. Recent volume-driven gain above its 50 DMA line helped its technical stance and outlook improve, and it was noted that - "Subsequent volume-driven gains for new highs may trigger a new technical buy signal". However, fundamental concerns were raised by raised by today's earnings report.

Disciplined investors might sooner take interest in another fresh buy candidate - one actually breaking out and without any fundamental flaws.  It reported better than expected earnings - but a closer look at the freshly reported Dec '14 quarter shows its earnings rose +18% on +28% sales revenues versus the year ago period.  That broke the prior streak of 9 consecutive comparisons above the +25% minimum earnings guideline (C criteria), a fundamental flaw difficult to ignore. AFSI was last shown in this FSU section on 1/14/15 with annotated graphs under the headline, "Trading Below 50-Day Moving Average Line Hurts Outlook". It has been rebounding since dropped from the Featured Stocks list on 1/16/15.

The high-ranked Insurance - Property/Casualty/Title firm completed a new Public Offering on 1/08/15.  With the help of underwriters, companies often attract additional institutional buying support with such offerings. The number of top-rated funds owning an interest rose from 349 in Mar '14 to 423 in Dec '14, already a reassuring trend (I criteria).  It has a great annual earnings (A criteria) history and it has a 93 Earnings Per Share rating, well above the 80+ minimum rating for buy candidates. Its Relative Strength Rating is currently 94, above the 80+ minimum guideline for buy candidates.

 


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  
$277.51 -1.63
-0.58%

$282.01

2,090,547
84.77% of 50 DAV
50 DAV is 2,466,000
$285.09
-2.66%
12/29/2014 $260.22 PP = $272.85
MB = $286.49
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 | 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
AFSI - NASDAQ
Amtrust Financial Svcs
INSURANCE - Property and; Casualty Insurance  
$56.10 +1.50
2.75%

$56.50

1,534,924
188.57% of 50 DAV
50 DAV is 814,000
$59.31
-5.41%
2/11/2015 $56.02 PP = $59.41
MB = $62.38
Most Recent Note - 2/11/2015 7:40:05 PM
G - Highlighted while working on the right side of a 9-week cup shaped base in the earlier mid-day report (read here). Recent volume-driven gain above its 50 DMA line helped its technical stance and outlook improve. Color code is changed to green. Please see the latest FSU analysis for more important details concerning its fundamentals and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Financial Firms Dec '14 Earnings Raised Fundamental Concerns - 2/11/2015
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  
$54.84 -1.41
-2.51%

$56.88

1,179,328
57.58% of 50 DAV
50 DAV is 2,048,000
$63.20
-13.23%
1/7/2015 $54.96 PP = $58.10
MB = $61.01
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
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  
$51.41 +0.01
0.02%

$51.70

192,265
56.22% of 50 DAV
50 DAV is 342,000
$52.89
-2.80%
2/5/2015 $51.39 PP = $52.99
MB = $55.64
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
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  
$195.67 +1.66
0.86%

$196.72

957,023
74.53% of 50 DAV
50 DAV is 1,284,000
$213.33
-8.28%
12/30/2014 $186.26 PP = $196.00
MB = $205.80
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
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
JLL - NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen  
$158.88 -0.71
-0.44%

$159.94

273,064
85.60% of 50 DAV
50 DAV is 319,000
$160.91
-1.26%
2/3/2015 $156.95 PP = $154.66
MB = $162.39
Most Recent Note - 2/11/2015 7:48:26 PM
Y - Holding its ground with volume totals cooling, but it recently encountered 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
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
LNKD - NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers  
$267.92 -1.83
-0.68%

$272.00

2,159,472
140.04% of 50 DAV
50 DAV is 1,542,000
$274.19
-2.29%
2/6/2015 $269.83 PP = $243.35
MB = $255.52
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
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
NXPI - NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line  
$83.86 +1.90
2.32%

$83.97

3,188,105
103.31% of 50 DAV
50 DAV is 3,086,000
$83.44
0.50%
1/5/2015 $76.43 PP = $78.44
MB = $82.36
Most Recent Note - 2/11/2015 7:46:29 PM
G - Hit another new all-time high (N criteria) today and finished near the session high with a gain on average volume. Color code is changed to green after rallying above its "max buy" level. The big gain on 2/06/15 backed by +95% above average volume confirmed a technical buy signal. Its 50 DMA line defines support.
>>> 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  
$131.72 +3.29
2.56%

$132.18

1,220,944
109.01% of 50 DAV
50 DAV is 1,120,000
$130.00
1.32%
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
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
QLYS - NASDAQ
Qualys Inc
Computer Sftwr-Security  
$45.85 -1.09
-2.32%

$46.55

819,302
320.04% of 50 DAV
50 DAV is 256,000
$48.00
-4.48%
2/6/2015 $42.24 PP = $40.84
MB = $42.88
Most Recent Note - 2/11/2015 1:27:49 PM
G - Pulling back today following a considerable gap up and volume-driven gain on the prior session. Color code was changed to green after rallying beyond its "max buy" level, getting very extended. Prior highs in the $40-41 area define the nearest chart support level.
>>> FEATURED STOCK ARTICLE : Strong Dec '14 Earnings Report While Perched Near All-Time High - 2/9/2015
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
RH - NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores  
$89.87 +2.26
2.58%

$89.99

1,208,649
124.35% of 50 DAV
50 DAV is 972,000
$100.66
-10.72%
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
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  
$27.38 -0.37
-1.33%

$27.88

231,077
78.07% of 50 DAV
50 DAV is 296,000
$28.43
-3.69%
12/5/2014 $20.64 PP = $20.31
MB = $21.33
Most Recent Note - 2/11/2015 7:42:58 PM
G - Volume totals have been cooling while holding its ground perched near its 52-week high, extended from any sound base. Prior highs in the $22 area and its 50 DMA line define near-term support to watch on pullbacks.
>>> 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  
$164.34 +0.21
0.13%

$165.00

2,207,722
115.11% of 50 DAV
50 DAV is 1,918,000
$165.69
-0.81%
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
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

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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