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AFTER MARKET UPDATE - WEDNESDAY, MARCH 4TH, 2015
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Indices NYSE Nasdaq
DOW  -106.47 18,096.90 -0.58% Volume 707,759,820 -3% Volume 1,731,082,300 -8%
NASDAQ -12.76 4,967.14 -0.26% Advancers 1,174 37% Advancers 1,129 39%
S&P 500 -9.25 2,098.53 -0.44% Decliners 1,885 59% Decliners 1,648 57%
Russell 2000 -4.03 1,230.73 -0.33% 52 Wk Highs 107   52 Wk Highs 84  
S&P 600 -4.34 706.44 -0.61% 52 Wk Lows 37   52 Wk Lows 55  

Leadership Contracted as Major Averages Fell Again

Stocks finished lower on Wednesday. The Dow fell 106 points to 18,096. The S&P 500 was down 9 points to 2,098. The NASDAQ retreated 13 points to 4,967. The volume totals for the session were lower than the prior session total on the NYSE and on the Nasdaq exchange. Decliners led advancers by a 3-2 margin on the NYSE and on the Nasdaq exchange. Leadership contracted as there were 30 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 39 stocks. The total number of new 52-week highs still outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 6 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 is consolidating near its 2015 high.

The major averages declined for a second day as investors weighed updates on the economy. Before the open, ADP reported private payrolls grew 212,000 in February, less than a projected 219,000. A separate release showed service sector activity improved modestly last month. The Fed's Beige Book survey revealed the economy continued to expand due to increased consumer spending and manufacturing.

On the earnings front, Bob Evans dropped 22.3% to $46.36 after cutting its forecast and said it decided not to spin-off its processed foods business. Abercrombie & Fitch (ANF -15.5%) fell as fourth-quarter sales declined more than expected. TiVo (TIVO +2.7%) rose following its positive profit results.

Nine of 10 sectors were down on the session. Industrials and financials were the worst performing groups. General Electric (GE -0.8%) edged lower. Insurer Principal Financial (PFG -2.6%) fell. Health care was the lone sector higher led by hospital providers. HCA (HCA +5.9%) and Tenet Healthcare (THC +6.2%) as the Supreme Court appears divided over Affordable Care Act subsidies.

Treasuries were little changed with the 10-year note flat to yield 2.12%. In commodities, WTI crude rose 2.6% to $51.84/barrel. COMEX gold slipped 0.5% to $1199.00/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.


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.


Retail, Financial and Gold & Silver Indexes Fell

The Retail Index ($RLX -0.80%) created a negative drag on the major averages along with modest losses from the financial groups including the Bank Index ($BKX -0.55%) and the Broker/Dealer Index ($XBD -0.36%).  The Biotechnology Index ($BTK +1.34%) led the tech sector while the Networking Index ($NWX -0.44%) and the Semiconductor Index ($SOX -0.10%) both edged lower. Energy-related shares were mixed as the Oil Services Index ($OSX +0.41%) edged higher and the Integrated Oil Index ($XOI -0.37%) edged lower.

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU -1.52%) lost ground, slumping below its 50-day moving average (DMA) line..


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  200.04 +0.82 +0.41% -5.14%
Integrated Oil $XOI  1,353.35 -5.07 -0.37% +0.39%
Semiconductor $SOX  719.54 -0.72 -0.10% +4.76%
Networking $NWX  373.35 -1.65 -0.44% +4.31%
Broker/Dealer $XBD  183.44 -0.67 -0.36% -0.65%
Retail $RLX  1,119.18 -9.01 -0.80% +8.37%
Gold & Silver $XAU  72.69 -1.12 -1.52% +5.68%
Bank $BKX  72.54 -0.40 -0.55% -2.32%
Biotech $BTK  3,960.23 +52.49 +1.34% +15.15%


Holding Ground Extended From Prior Base

Akamai Technologies Inc (AKAM +$1.19 or +1.70% to $71.05) is holding its ground extended from its prior base. Prior highs in the $65 area define initial support to watch on pullbacks. It was last shown in this FSU section on 2/13/15 with annotated graphs under the headline, "Hitting New Highs With Four Consecutive Volume-Driven Gains", after highlighted in yellow with pivot point based on its 11/28/14 high plus 10 cents in the earlier mid-day report (read here). Disciplined investors avoid chasing stocks more than +5% above prior highs.

AKAM reported earnings +27% on +23% sales revenues for the Dec '14 quarter, and the 2 prior quarterly comparisons were very near the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been steady, and it has an 89 Earnings Per Share Rating. The number of top-rated funds owning its shares rose from 941 in Mar '14 to 1,100 in Dec '14, and its Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under accumulation over the past 50 days (I criteria). 


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  
$296.14 -0.09
-0.03%

$296.75

2,386,755
82.84% of 50 DAV
50 DAV is 2,881,000
$297.50
-0.46%
12/29/2014 $260.22 PP = $272.85
MB = $286.49
Most Recent Note - 3/3/2015 6:55:42 PM
G - Perched at its 52-week high after completing a new Public Offering on 2/25/15. Reported Dec '14 earnings +23%, below the +25% minimum guideline (C criteria) of the 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 : Perched At High it Proposed a New Public Offering - 2/24/2015
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  
$53.41 -0.93
-1.71%

$54.44

529,420
72.92% of 50 DAV
50 DAV is 726,000
$59.31
-9.95%
2/11/2015 $56.02 PP = $59.41
MB = $62.38
Most Recent Note - 3/2/2015 6:44:20 PM
G - Holding its ground above its 50 DMA line with volume totals cooling. 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
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
AKAM - NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services  
$71.05 +1.19
1.70%

$71.05

2,361,491
145.86% of 50 DAV
50 DAV is 1,619,000
$71.83
-1.09%
2/13/2015 $68.46 PP = $65.49
MB = $68.76
Most Recent Note - 3/4/2015 6:36:24 PM
G - Holding its ground extended from its prior base. Prior highs in the $65 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Holding Ground Extended From Prior Base - 3/4/2015
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
AMBA - NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized  
$67.49 +4.44
7.04%

$68.50

8,218,779
436.47% of 50 DAV
50 DAV is 1,883,000
$63.20
6.79%
3/2/2015 $60.54 PP = $63.30
MB = $66.47
Most Recent Note - 3/4/2015 12:04:26 PM
Y - Gapped up today following a strong finish on the prior session, hitting a new 52-week high. Blasting above the new pivot point cited based on its 1/13/15 high plus 10 cents triggering a technical buy signal. Reported earnings +162% on +62% sales revenues for the Jan '15 quarter, continuing to show impressive sales revenues and earnings acceleration in sequential quarterly comparisons. Disciplined investors avoid chasing stocks more than +5% above their prior highs..
>>> FEATURED STOCK ARTICLE : Violation of 50-Day Moving Average Triggered Sell Signal - 2/18/2015
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  
$59.54 -0.93
-1.54%

$60.54

464,343
129.34% of 50 DAV
50 DAV is 359,000
$63.50
-6.24%
2/5/2015 $51.39 PP = $52.99
MB = $55.64
Most Recent Note - 3/3/2015 12:50:59 PM
G - Holding its ground near its 52-week high following 5 consecutive gains with above average volume, getting more extended from the prior base. Prior highs in the $52 area define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Base Following Volume Driven Gains - 2/26/2015
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
FB - NASDAQ
Facebook Inc Cl A
INTERNET  
$80.90 +1.30
1.63%

$81.15

28,066,118
111.61% of 50 DAV
50 DAV is 25,147,000
$82.17
-1.55%
2/20/2015 $81.79 PP = $78.47
MB = $82.39
Most Recent Note - 3/3/2015 7:00:47 PM
G - Small loss today with lighter than average volume, holding its ground above the previously cited pivot point of a "double bottom" base. While consolidating near it 52 week high it has made limited progress, and its Relative Strength rating, at 78 now, is below the 80+ minimum guideline for new buy candidates.
>>> FEATURED STOCK ARTICLE : Bullish Action While Tech Leader is Perched Near All-Time High - 2/20/2015
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
ILMN - NASDAQ
Illumina Inc
DRUGS - Biotechnology  
$192.68 -3.35
-1.71%

$196.25

791,770
65.17% of 50 DAV
50 DAV is 1,215,000
$213.33
-9.68%
12/30/2014 $186.26 PP = $196.00
MB = $205.80
Most Recent Note - 3/2/2015 6:48:50 PM
G - Color code is changed to green while consolidating near its 50 DMA line where more damaging losses would raise greater concerns. Its Relative Strength rating has slumped to 71, below the 80+ minimum for buy candidates. Volume totals have been cooling however gains since its "negative reversal" on 1/28/15 have lacked great volume conviction.
>>> 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
JLL - NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen  
$159.95 -1.49
-0.92%

$161.90

193,352
62.17% of 50 DAV
50 DAV is 311,000
$164.48
-2.75%
2/3/2015 $156.95 PP = $154.66
MB = $162.39
Most Recent Note - 3/3/2015 6:57:00 PM
Y - Color code is changed to yellow after quietly retreating below its "max buy" level. Prior highs in the $154 area and its 50 DMA line define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Wedged Above Prior Highs Getting Extended - 2/25/2015
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  
$265.23 -0.31
-0.12%

$266.00

1,240,777
77.60% of 50 DAV
50 DAV is 1,599,000
$276.18
-3.96%
2/6/2015 $269.83 PP = $243.35
MB = $255.52
Most Recent Note - 3/3/2015 6:59:00 PM
G - Holding its ground but making little progress since the considerable "breakaway gap" noted in the 2/06/15 mid-day report (read here). It remains extended from prior highs.
>>> FEATURED STOCK ARTICLE : Holding Ground Following Breakaway Gap - 2/27/2015
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
NXPI - NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line  
$99.47 +0.74
0.75%

$99.60

3,400,438
98.05% of 50 DAV
50 DAV is 3,468,000
$100.09
-0.62%
1/5/2015 $76.43 PP = $78.44
MB = $82.36
Most Recent Note - 3/3/2015 1:01:32 PM
G - Very extended from any sound base. Gapped up for a considerable gain and new all-time high on 3/02/15 news it will acquire Freescale Semiconductor Inc (FSL) in an $11.8 Billion deal. Disciplined investors avoid chasing extended stocks.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High, Extended From Prior base - 2/17/2015
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
PANW - NYSE
Palo Alto Networks
Computer Sftwr-Security  
$143.51 -5.39
-3.62%

$148.57

2,912,846
235.86% of 50 DAV
50 DAV is 1,235,000
$149.35
-3.91%
7/30/2014 $84.21 PP = $85.88
MB = $90.17
Most Recent Note - 3/4/2015 12:45:50 PM
G - Reported earnings +90% on +54% sales revenues for the Jan '15 quarter. Its 50 DMA line (now $129.56) defines near-term support to watch on pullbacks where a violation may trigger a technical sell signal. After breaking out 9/02/14 it has spent very little time basing, and it is very extended from any sound base, yet could produce more climactic gains.
>>> FEATURED STOCK ARTICLE : Reversed Into Red After Touching a New High - 2/23/2015
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
QLYS - NASDAQ
Qualys Inc
Computer Sftwr-Security  
$47.48 +0.21
0.44%

$48.43

371,369
111.86% of 50 DAV
50 DAV is 332,000
$49.42
-3.93%
2/6/2015 $42.24 PP = $40.84
MB = $42.88
Most Recent Note - 3/2/2015 6:51:16 PM
G -Gain today was backed by above average volume, getting more extended from the prior base. Prior highs in the $40-41 area and its 50 DMA line define the nearest chart support level.
>>> FEATURED STOCK ARTICLE : Near Highs and Tallying Another Big Volume-Driven Gain - 3/2/2015
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
UIHC - NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl  
$23.56 -0.91
-3.72%

$24.55

217,446
64.72% of 50 DAV
50 DAV is 336,000
$28.43
-17.13%
12/5/2014 $20.64 PP = $20.31
MB = $21.33
Most Recent Note - 3/2/2015 6:52:05 PM
G - Rebounded further above its 50 DMA line with today's gain on average volume. 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
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  
$203.15 +0.54
0.27%

$203.45

3,207,068
108.24% of 50 DAV
50 DAV is 2,963,000
$204.66
-0.74%
1/5/2015 $144.84 PP = $149.90
MB = $157.40
Most Recent Note - 3/3/2015 6:53:31 PM
G - Still stubbornly holding its ground since gapping up on 2/23/15 on M&A news. Latest earnings for Dec '14 quarter raised concerns and it is very extended from any sound base. Its 50 DMA line defines the closest support to watch. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Extended From Sound Base; Earnings Below +25% Raised Concerns - 3/3/2015
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

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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