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AFTER MARKET UPDATE - MONDAY, FEBRUARY 23RD, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
-23.60 |
18,116.84 |
-0.13% |
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Volume |
720,252,470 |
-11% |
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Volume |
1,637,844,910 |
-0% |
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NASDAQ |
+5.00 |
4,960.97 |
+0.10% |
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Advancers |
1,522 |
48% |
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Advancers |
1,195 |
42% |
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S&P 500 |
-0.64 |
2,109.66 |
-0.03% |
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Decliners |
1,544 |
48% |
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Decliners |
1,593 |
55% |
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Russell 2000 |
+0.04 |
1,231.83 |
+0.00% |
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52 Wk Highs |
170 |
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52 Wk Highs |
124 |
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S&P 600 |
+0.73 |
709.40 |
+0.10% |
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52 Wk Lows |
21 |
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52 Wk Lows |
41 |
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Major Averages Ended Mixed Again
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks ended Monday's session mixed. The Dow lost 23 points to 18,116. The S&P 500 fell less than a point to 2,109. However, the NASDAQ gained 5 points to 4,960. Volume totals for the session were reported lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Decliners led advancers by a 4-3 margin on the Nasdaq exchange while the mix was near even on the NYSE. There were 91 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, versus the prior session total of 89 stocks. New 52-week highs easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 5 of the 14 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, ongoing gains for the major averages have established a confirmed uptrend with a healthy crop of stocks hitting new highs. 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 tallied its 9th consecutive gain.
After the Dow and S&P 500 set new all-time highs on Friday, the major averages took a breather. Trading was tepid as investors await the delivery of Greek fiscal reforms and Janet Yellen's semi-annual testimony to Congress Tuesday.
In economic data, a measure of existing home sales fell more than anticipated in January. Similarly, a measure of manufacturing in Dallas for February and a measure of Chicago-area manufacturing activity in January both disappointed expectations.
At the close, six of the 10 S&P 500 sectors were lower. Energy was a relative underperformer, as Exxon Mobil (XOM -1.01%). Utilities and health care stocks limited index losses. Weak economic data pushed utilities higher, as investors speculated on rate hike delays. Meanwhile, M&A activity lifted health stocks. Valeant (VRX +14.71%) rallied after agreeing to acquire Salix (SLXP -1.32%) for $158/share, less than estimated. Other M&A news helped Polypore (PPO +12.75%) surged after accepting a $3.2 billion acquisition bid.
Treasuries moved higher in afternoon trading. After being largely unchanged, the 10-year note climbed after mid-session by 15/32 to yield 2.06%.
In commodities, WTI crude fell -3.1% to $49.26/barrel following Friday's disappointing rig count decreases. Gold erased earlier losses, managing to finish only -0.3% lower to $1,200.30/ounce.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Semiconductor, Networking and Oil Services Indexes Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -0.46%), Broker/Dealer Index ($XBD -0.25%), and the Retail Index ($RLX -0.15%) each ended Monday's session with a small loss, creating a drag on the major averages. The Biotechnology Index ($BTK +0.86%) led the tech sector as M&A action heated the group, meanwhile the Networking Index ($NWX -0.72%) and the Semiconductor Index ($SOX -0.64%) both lost ground. The Oil Services Index ($OSX -1.49%) also slumped while the Integrated Oil Index ($XOI -0.08%) and the Gold & Silver Index ($XAU -0.07%) both finished flat.
Charts courtesy www.stockcharts.com
PICTURED: The Networking Index ($NWX -0.72%) paused after rallying to a new all-time high.
| Oil Services |
$OSX |
200.99 |
-3.05 |
-1.49% |
-4.69% |
| Integrated Oil |
$XOI |
1,387.82 |
-1.14 |
-0.08% |
+2.94% |
| Semiconductor |
$SOX |
706.70 |
-4.55 |
-0.64% |
+2.89% |
| Networking |
$NWX |
364.97 |
-2.64 |
-0.72% |
+1.96% |
| Broker/Dealer |
$XBD |
182.02 |
-0.45 |
-0.25% |
-1.42% |
| Retail |
$RLX |
1,110.70 |
-1.62 |
-0.15% |
+7.55% |
| Gold & Silver |
$XAU |
74.23 |
-0.05 |
-0.07% |
+7.92% |
| Bank |
$BKX |
72.10 |
-0.33 |
-0.46% |
-2.91% |
| Biotech |
$BTK |
3,890.08 |
+33.32 |
+0.86% |
+13.11% |
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Reversed Into Red After Touching a New High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Palo Alto Networks (PANW -$3.41 or -2.41% to $138.20) reversed into the red and ended near the session low today with a loss on higher volume indicative of distributional pressure. It is very extended from any sound base. Its 50-day moving average (DMA) line defines near-term support where a violation may trigger a technical sell signal.
Disciplined investors avoid chasing extended stocks more the +5% above prior highs and they always limit losses by selling any stock that falls more than -7% from their purchase price. The Computer Software - Security firm was last shown in this FSU section with annotated graphs on 1/28/15 under the headline, "Finished With a Loss and Near Session Low After Chance at Best-Ever Close".
The number of top-rated funds owning its shares rose from 246 in Jun '13 to 596 in Dec '14, a reassuring sign concerning the I criteria. Its small supply (S criteria) of 66.9 million shares in the public float is another favorable characteristic. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days.
It recently reported earnings +88% on +50% sales revenues for the Oct '14 quarter. It has an Earnings Per Share (EPS) Rating of 80. Reviewing prior reports with annotated graphs carefully, it appears that the Apr '14 quarter now shows a -71% earnings comparison versus the year ago period. Previous annotated graphs published showed a more favorable comparison with strong sales revenues increases and earnings above the +25% minimum guideline satisfying the C criteria. It is unclear what prompted the apparent adjustment in the numbers as reported by the graph provider. Members are reminded that the fact-based investment system suggests waiting for the right time to buy, and only buying stocks showing strong quarterly and annual earnings (A criteria) increases.
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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
|
$292.45
|
-3.32
-1.12% |
$296.75
|
2,779,405
106.94% of 50 DAV
50 DAV is 2,599,000
|
$296.77
-1.46%
|
12/29/2014
|
$260.22
|
PP = $272.85
|
|
MB = $286.49
|
Most Recent Note - 2/19/2015 12:20:43 PM
G - Perched at its 52-week high today and its color code is changed to green after rising above its "max buy" level. Reported better than expected Dec '14 earnings and gave encouraging guidance, however the +23% earnings increase was below the +25% minimum guideline (C criteria) of then fact-based investment system. Recent low ($262.00 on 2/02/15) defines important near-term support below its 50 DMA line where violations 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
|
AFSI
-
NASDAQ
Amtrust Financial Svcs
INSURANCE - Property and; Casualty Insurance
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$55.32
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-0.44
-0.79% |
$56.04
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470,053
61.77% of 50 DAV
50 DAV is 761,000
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$59.31
-6.73%
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2/11/2015
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$56.02
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PP = $59.41
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MB = $62.38
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Most Recent Note - 2/23/2015 5:30:43 PM
G - Holding its ground with volume totals cooling after volume-driven gains above its 50 DMA line helped its technical stance and outlook improve. Fundamental concerns were raised by earnings for the Dec '14 quarter reported below the +25% minimum guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Financial Firms Dec '14 Earnings Raised Fundamental Concerns - 2/11/2015
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C
A N
S L
I M
|
AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
|
$70.24
|
-1.38
-1.93% |
$71.80
|
1,704,908
105.44% of 50 DAV
50 DAV is 1,617,000
|
$71.83
-2.21%
|
2/13/2015
|
$68.46
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PP = $65.49
|
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MB = $68.76
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Most Recent Note - 2/23/2015 5:31:49 PM
G - Pulled back today with near average volume after getting extended from its prior base. Prior highs in the $65 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hitting New Highs With Four Consecutive Volume-Driven Gains - 2/13/2015
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C
A N
S L
I M
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$54.91
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+3.16
6.11% |
$54.91
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1,342,363
71.36% of 50 DAV
50 DAV is 1,881,000
|
$63.20
-13.12%
|
1/7/2015
|
$54.96
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PP = $58.10
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MB = $61.01
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Most Recent Note - 2/23/2015 5:39:28 PM
Y- Rebounded above its 50 DMA line today helping its outlook improve and its color code is changed to yellow. Faces resistance due to overhead supply up through the $63 level.
>>> FEATURED STOCK ARTICLE : Violation of 50-Day Moving Average Triggered Sell Signal - 2/18/2015
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C
A N
S L
I M
|
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
|
$56.88
|
-0.44
-0.77% |
$57.56
|
324,614
96.90% of 50 DAV
50 DAV is 335,000
|
$57.48
-1.04%
|
2/5/2015
|
$51.39
|
PP = $52.99
|
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MB = $55.64
|
Most Recent Note - 2/20/2015 6:14:15 PM
G - Hit another new 52-week high with today's 3rd consecutive gain, getting very extended. Prior highs in the $52 area define support to watch on pullbacks. Due to report Dec '14 earnings after the market closes on Wednesday, February 25th.
>>> 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
|
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 |
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
|
$78.84
|
-1.06
-1.32% |
$80.19
|
24,100,059
92.99% of 50 DAV
50 DAV is 25,917,000
|
$82.17
-4.05%
|
2/20/2015
|
$81.79
|
PP = $78.47
|
|
MB = $82.39
|
Most Recent Note - 2/20/2015 6:09:49 PM
Y - Highlighted in yellow while perched within close striking distance of its 52-week high in the earlier mid-day report (read here). Faces very little resistance due to overhead supply up through the $82 level. Rallied well above its 50 DMA line with volume-driven gain on the prior session technically clearing a "double bottom" base. Relative Strength rating has improved to 81, just above the 80+ minimum guideline for buy candidates. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Bullish Action While Tech Leader is Perched Near All-Time High - 2/20/2015
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$200.95
|
-2.19
-1.08% |
$203.75
|
652,582
52.29% of 50 DAV
50 DAV is 1,248,000
|
$213.33
-5.80%
|
12/30/2014
|
$186.26
|
PP = $196.00
|
|
MB = $205.80
|
Most Recent Note - 2/23/2015 5:33:14 PM
Y - Pulled back today with lighter volume. All gains since its "negative reversal" on 1/28/15 have lacked volume. Its 50 DMA line defines important near-term support to watch where more damaging losses would raise greater concerns.
>>> 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
|
$164.09
|
+0.28
0.17% |
$164.21
|
171,775
54.19% of 50 DAV
50 DAV is 317,000
|
$164.39
-0.18%
|
2/3/2015
|
$156.95
|
PP = $154.66
|
|
MB = $162.39
|
Most Recent Note - 2/23/2015 5:35:23 PM
G - Still wedging higher with volume totals lacking great conviction and its color code is changed to green after rising above its "max buy" level. Prior highs in the $154 area and its 50 DMA line define 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
|
LNKD
-
NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers
|
$264.21
|
-3.42
-1.28% |
$271.07
|
1,163,143
72.83% of 50 DAV
50 DAV is 1,597,000
|
$274.19
-3.64%
|
2/6/2015
|
$269.83
|
PP = $243.35
|
|
MB = $255.52
|
Most Recent Note - 2/18/2015 12:21:06 PM
G - Still stubbornly holding its ground with volume totals cooling, 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
|
$84.50
|
-0.16
-0.19% |
$84.69
|
1,886,879
62.03% of 50 DAV
50 DAV is 3,042,000
|
$86.50
-2.31%
|
1/5/2015
|
$76.43
|
PP = $78.44
|
|
MB = $82.36
|
Most Recent Note - 2/23/2015 5:36:47 PM
G - Still stubbornly holding its ground near its all-time high (N criteria) with volume totals cooling after rallying above its "max buy" level. Its 50 DMA line defines support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High, Extended From Prior base - 2/17/2015
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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 |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$138.20
|
-3.41
-2.41% |
$143.50
|
1,687,208
155.79% of 50 DAV
50 DAV is 1,083,000
|
$142.49
-3.01%
|
7/30/2014
|
$84.21
|
PP = $85.88
|
|
MB = $90.17
|
Most Recent Note - 2/23/2015 5:28:37 PM
G - Reversed into the red after touching another new high today, getting more extended from any sound base. Its 50 DMA line defines near-term support where a violation may trigger a technical sell signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Reversed Into Red After Touching a New High - 2/23/2015
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C
A N
S L
I M
|
QLYS
-
NASDAQ
Qualys Inc
Computer Sftwr-Security
|
$48.02
|
+0.13
0.27% |
$48.74
|
305,292
97.85% of 50 DAV
50 DAV is 312,000
|
$49.42
-2.83%
|
2/6/2015
|
$42.24
|
PP = $40.84
|
|
MB = $42.88
|
Most Recent Note - 2/20/2015 6:12:31 PM
G - It is very extended from the prior base after a spurt of volume-driven gains, and 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
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C
A N
S L
I M
|
UIHC
-
NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl
|
$24.14
|
+1.17
5.09% |
$24.49
|
550,432
165.79% of 50 DAV
50 DAV is 332,000
|
$28.43
-15.09%
|
12/5/2014
|
$20.64
|
PP = $20.31
|
|
MB = $21.33
|
Most Recent Note - 2/23/2015 5:41:24 PM
G - Rebounded above its 50 DMA line with today's 2nd consecutive volume-driven gain. Fundamental concerns were raised as it recently reported earnings +22% on +20% sales revenues for the Dec '14 quarter, below the +25% minimum earnings guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Abrupt Pullback as Fundamental Concerns Were Raised - 2/19/2015
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C
A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$198.75
|
+25.49
14.71% |
$200.76
|
19,625,842
984.74% of 50 DAV
50 DAV is 1,993,000
|
$174.43
13.94%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
|
MB = $157.40
|
Most Recent Note - 2/23/2015 12:55:05 PM
G - Gapped up today for a considerable volume-driven gain hitting new all-time highs on news it plans to acquire Salix Pharmaceuticals (SLXP). It is very extended from any sound base. Its 50 DMA line defines the closest support to watch.
>>> FEATURED STOCK ARTICLE : Extended From Prior Highs and Previously Noted Base - 2/12/2015
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C
A N
S L
I M
|
|
|
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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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