Help Lines 954-785-1121
 


You are not logged in. Upgrade Here
 <<<Previous Mid Day Report     Next Mid Day Report >>> 
 <<<Previous After Market Report Next After Market Report >>> 
You are not logged in.
This means you CAN ONLY VIEW reports that were published prior to Sunday, September 8, 2024.
You MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.

AFTER MARKET UPDATE - WEDNESDAY, MARCH 11TH, 2015
Previous After Market Report Next After Market Report >>>
Indices NYSE Nasdaq
DOW  -27.55 17,635.39 -0.16% Volume 764,045,990 -8% Volume 1,684,285,860 -3%
NASDAQ -9.85 4,849.94 -0.20% Advancers 1,774 56% Advancers 1,576 54%
S&P 500 -3.92 2,040.24 -0.19% Decliners 1,287 41% Decliners 1,227 42%
Russell 2000 +7.32 1,215.79 +0.61% 52 Wk Highs 46   52 Wk Highs 56  
S&P 600 +4.39 697.46 +0.63% 52 Wk Lows 112   52 Wk Lows 85  

Major Averages Ended Slightly Lower With Lighter Volume Totals

Stocks finished marginally lower on Wednesday. The Dow lost 27 points to 1,7635. The NASDAQ was off 9 points to 4,849. The volume totals for the session were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was slightly tilted to the positive side as advancers led decliners by almost a 3-2 margin on the NYSE and by nearly 4-3 on the Nasdaq exchange. Leadership improved as there were 20 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 11 stocks. However, the new 52-week lows totals again outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. There were gains for 8 of the 12 high-ranked companies currently on the Featured Stocks Page.

Concerning the M criteria, the major averages' uptrend has come under more pressure this week as leadership (stocks hitting new highs) has waned.  Readers were reminded that any sustained rally for the major averages requires 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 S&P 500 Index fell 3 points to 2,040, and like the Dow Jones Industrial Average, the benchmark index has also slumped below its 50-day moving average (DMA) line with an increase in volume behind recent losses.

Economic data was light with a measure of mortgage applications for last week down -1.3% and the Department of Energy reporting crude inventories increases were in line with expectations for a 4.5 million barrel gain.

The major averages added another day of losses as seven of the 10 S&P 500 sectors were in negative territory. Consumer and tech stocks were main detractors. Multinationals were penalized for currency headwinds as Philip Morris (PM -1.80%). In tech, Apple (AAPL -1.82%) fell, adding a second day to its losing streak. Financials helped limit the decline ahead of the release of the Fed's second bank stress tests. Bank of America (BAC +2.03%) and Citigroup (C  +2.15%) climbed.

Treasuries advanced amid a $21 billion auction of 10-year notes. The benchmark security gained 6/32 to yield 2.11% and the 30-year bond finished 27/32 higher to yield 2.68%.

Commodities were mixed. WTI crude erased earlier losses to advance 0.1% to $48.32/brl. COMEX gold lost 0.6% to $1153.30/oz. In FOREX, the dollar extended its win-streak by another 0.7% as the euro tumbled 1.5% to $1.0540/EUR and the yen lost 0.3% to ¥121.45/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.


Financial. Tech, and Commodity-Linked Groups Rose

A small loss for the Retail Index ($RLX -0.18%) weighed on the major averages while most groups ended higher on Wednesday.  The Broker/Dealer Index ($XBD +1.16%) and Bank Index ($BKX +0.91%) both posted decent gains and were a positive influence.  The Networking Index ($NWX +1.05%) and Biotechnology Index ($BTK +0.65%) led the tech sector as both indexes outpaced a smaller gain from the Semiconductor Index ($SOX +0.27%). A positive bias in energy-related shares lifted the Oil Services Index ($OSX +0.50%) and the Integrated Oil Index ($XOI +0.15%) modestly higher.   

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU +3.43%) bounced, halting its slide near prior lows after 7 consecutive losses.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  189.63 +0.94 +0.50% -10.07%
Integrated Oil $XOI  1,283.97 +1.93 +0.15% -4.76%
Semiconductor $SOX  703.16 +1.86 +0.27% +2.37%
Networking $NWX  373.59 +3.87 +1.05% +4.37%
Broker/Dealer $XBD  185.12 +2.13 +1.16% +0.26%
Retail $RLX  1,095.91 -1.99 -0.18% +6.12%
Gold & Silver $XAU  65.97 +2.19 +3.43% -4.09%
Bank $BKX  72.17 +0.65 +0.91% -2.81%
Biotech $BTK  4,020.41 +25.88 +0.65% +16.90%


Relative Strength Rating Fell While Encountering Resistance

Facebook Inc (FB +$0.02 or +0.03% to $77.57) halted its slide with a very small gain on lighter volume today following 3 consecutive losses. It appears to be finding support near its 50-day moving average (DMA) line. However, it has met stubborn resistance in the $81-82 area, and while consolidating near it 52 week high it has made limited progress. Meanwhile, its Relative Strength rating, at 71 now, is below the 80+ minimum guideline for new buy candidates. Its Relative Strength line (blue jagged line) was also plotted much higher in October of last year.

It was last shown in this FSU section on 2/20/15 with annotated graphs under the headline, "Bullish Action While Tech Leader is Perched Near All-Time High", after highlighted in yellow while perched within close striking distance of its 52-week high in the earlier mid-day report (read here). It faces very little resistance due to overhead supply. Convincing volume-driven gains into new all-time high territory could mark the beginning of another meaningful leg up for this high-ranked Internet - Content firm.

Waning leadership (L criteria) in the Internet - Content industry group was noted as a concern and the group has a D+ rating. Bullish action from at least one other company in the group provides some reassurance. The company reported earnings +69% on +49% sales revenues for the Dec '14 quarter. That marked its 7th consecutive quarterly comparison with earnings increasing well above the +25% minimum (C criteria). 

The high-ranked Internet - Content group leader has seen the number of top-rated funds owning its shares rise from 2,085 in Mar '14 to 2,575 in Dec '14, a reassuring sign concerning the I criteria. Keep in mind that its large supply of 2.21 billion shares in the public float makes it an unlikely sprinter, especially as it is already well known by the institutional crowd and the general public.


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  
$287.60 -6.00
-2.04%

$291.89

0
0.00% of 50 DAV
50 DAV is 2,872,000
$298.23
-3.56%
12/29/2014 $260.22 PP = $272.85
MB = $286.49
Most Recent Note - 3/10/2015 5:37:20 PM
G - Pulled back toward its "max buy" level. Completed 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
AKAM - NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services  
$69.20 -0.40
-0.57%

$69.71

0
0.00% of 50 DAV
50 DAV is 1,635,000
$71.83
-3.66%
2/13/2015 $68.46 PP = $65.49
MB = $68.76
Most Recent Note - 3/10/2015 5:38:27 PM
G - Pulled back toward its "max buy" level with today's 3rd consecutive loss. Prior highs in the $65 area define initial support to watch on pullbacks.
>>> 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  
$66.66 +0.35
0.53%

$67.00

0
0.00% of 50 DAV
50 DAV is 2,045,000
$68.50
-2.69%
3/2/2015 $60.54 PP = $63.30
MB = $66.47
Most Recent Note - 3/10/2015 5:36:00 PM
G - Closed just above its "max buy" level today and its color code is changed to green. Disciplined investors avoid chasing stocks more than +5% above their prior highs. 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. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Rallied Above Max Buy Level Following Strong Earnings News - 3/10/2015
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
EPAM - NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$59.55 -1.37
-2.25%

$60.56

0
0.00% of 50 DAV
50 DAV is 344,000
$63.50
-6.22%
2/5/2015 $51.39 PP = $52.99
MB = $55.64
Most Recent Note - 3/9/2015 4:27:21 PM
G - Perched near its 52-week high, 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
FB - NASDAQ
Facebook Inc Cl A
INTERNET  
$77.55 +0.00
0.00%

$79.26

5,700
0.02% of 50 DAV
50 DAV is 24,557,900
$82.17
-5.62%
2/20/2015 $81.79 PP = $78.47
MB = $82.39
Most Recent Note - 3/10/2015 5:40:39 PM
G - Finished at the session low with today's 3rd consecutive loss testing support at its 50 DMA line. While consolidating near it 52 week high it has made limited progress, and its Relative Strength rating, at 73 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
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
ILMN - NASDAQ
Illumina Inc
DRUGS - Biotechnology  
$193.12 +0.05
0.03%

$195.11

0
0.00% of 50 DAV
50 DAV is 1,202,700
$213.33
-9.47%
12/30/2014 $186.26 PP = $196.00
MB = $205.80
Most Recent Note - 3/6/2015 5:40:19 PM
G - Slumped to a close just below its 50 DMA line today. More damaging losses would raise greater concerns. Its Relative Strength rating has slumped to 76, below the 80+ minimum for buy candidates. There was a "negative reversal" on 1/28/15 after touching a new 52-week high. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average Line But Relative Strength Has Slumped - 3/5/2015
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
JLL - NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen  
$154.79 -3.68
-2.32%

$158.08

0
0.00% of 50 DAV
50 DAV is 296,000
$164.48
-5.89%
2/3/2015 $156.95 PP = $154.66
MB = $162.39
Most Recent Note - 3/9/2015 4:31:34 PM
Y - Rose today with near average volume after testing support on the prior session. Prior highs in the $154 area and its 50 DMA line define important support where more damaging losses would raise greater concerns.
>>> 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  
$265.00 -2.21
-0.83%

$266.71

0
0.00% of 50 DAV
50 DAV is 1,527,000
$276.18
-4.05%
2/6/2015 $269.83 PP = $243.35
MB = $255.52
Most Recent Note - 3/10/2015 5:42:07 PM
G - Still holding its ground with volume totals cooling. Made no 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  
$97.55 -1.17
-1.19%

$98.50

0
0.00% of 50 DAV
50 DAV is 3,590,000
$100.86
-3.28%
1/5/2015 $76.43 PP = $78.44
MB = $82.36
Most Recent Note - 3/9/2015 5:59:54 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. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Very Extended Following Gap Up Gain on M&A News - 3/9/2015
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
PANW - NYSE
Palo Alto Networks
Computer Sftwr-Security  
$138.55 -0.18
-0.13%

$138.66

0
0.00% of 50 DAV
50 DAV is 1,266,000
$149.35
-7.23%
7/30/2014 $84.21 PP = $85.88
MB = $90.17
Most Recent Note - 3/9/2015 12:44:53 PM
G - Pulling back from its 52-week high with above average volume behind today's 4th consecutive loss. Its 50 DMA line (now $130.44) defines near-term support to watch on pullbacks where a violation may trigger a technical sell signal. Reported earnings +90% on +54% sales revenues for the Jan '15 quarter. 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
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
QLYS - NASDAQ
Qualys Inc
Computer Sftwr-Security  
$43.85 -1.55
-3.41%

$45.03

0
0.00% of 50 DAV
50 DAV is 353,000
$50.00
-12.30%
2/6/2015 $42.24 PP = $40.84
MB = $42.88
Most Recent Note - 3/9/2015 4:19:59 PM
G - Retreated further from its 52-week high with today's 2nd consecutive loss backed by even higher above average volume. Previously noted - "It is 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
VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$201.48 -3.21
-1.57%

$205.70

0
0.00% of 50 DAV
50 DAV is 3,053,000
$205.51
-1.96%
1/5/2015 $144.84 PP = $149.90
MB = $157.40
Most Recent Note - 3/9/2015 4:25:44 PM
G - Rallied with above average volume today for a best-ever close. Stubbornly held its ground since gapping up on 2/23/15 on M&A news. Latest earnings for Dec '14 quarter raised concerns, however, and it is very extended from any sound base. Its 50 DMA line defines the closest support to watch.
>>> 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.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time.  Questions or comments may be submitted by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307 or 954-785-1121.

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.

Copyright © 1996-2024 Gruneisen Growth Corp. All rights reserved. Protected by the copyright laws of the United States and Canada and by international treaties

Privacy Policy | Terms of Use | Contact Us