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AFTER MARKET UPDATE - MONDAY, MARCH 16TH, 2015
Previous After Market Report Next After Market Report >>>
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DOW |
+228.11 |
17,977.42 |
+1.29% |
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Volume |
739,687,070 |
-6% |
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Volume |
1,586,712,950 |
-8% |
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NASDAQ |
+57.75 |
4,929.51 |
+1.19% |
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Advancers |
1,988 |
63% |
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Advancers |
1,584 |
55% |
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S&P 500 |
+27.79 |
2,081.19 |
+1.35% |
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Decliners |
1,087 |
34% |
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Decliners |
1,223 |
42% |
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Russell 2000 |
+7.64 |
1,239.78 |
+0.62% |
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52 Wk Highs |
155 |
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52 Wk Highs |
174 |
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S&P 600 |
+2.68 |
709.92 |
+0.38% |
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52 Wk Lows |
97 |
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52 Wk Lows |
65 |
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S&P 500 Index Rebounded Above 50-Day Moving Average Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks rebounded from three weeks of losses as all three major averages finished up +1.2% or more. The Dow advanced 228 points to 17,977. The NASDAQ rose 57 points to 4,929. The volume totals reported on the NYSE and on the Nasdaq exchange were lighter than the prior session totals, revealing a lack of serious institutional buying demand behind the gains. Breadth was positive as advancers led decliners by nearly 2-1 margin on the NYSE and by about 4-3 on the Nasdaq exchange. Leadership expanded as there were 93 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 42 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 12 of the 13 high-ranked companies currently on the Featured Stocks Page.
Monday's expansion in leadership bodes well for the market outlook. Concerning the M criteria, the major averages' uptrend recently came under pressure, and members 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. Meanwhile, stand ready to take swift action if any stocks you own trigger any worrisome technical sell signals.
PICTURED: The S&P 500 rebounded above its 50-day moving average, improving its technical stance as it climbed 27 points to 2,081.
The major averages advanced amid speculation that the Fed may indicate rate hike delays after meeting on the 17th-18th. The latest economic data was light. Manufacturing in the New York area surprisingly slowed down in March and a gauge of industrial production increased less than projected for February.
At the close, nine of the 10 S&P 500 sectors were in positive territory. Health care was up the most amid M&A activity. Valeant (VRX +2.49%) after Salix Pharmaceuticals (SLXP +1.98%) accepted the company's increased bid. Industrials outperformed as Delta (DAL +1.45%) rose on the heels of lower oil prices. Duke Energy (DUK +1.47%) and other utilities advanced amid speculation that rate increases may be delayed. Material stocks were the lone group lower. Reports of currency headwinds sent DuPont (DD -4.26%) down.
Treasuries pushed higher on speculation of delayed interest rate increases. The 10-year note gained 11/32 to yield 2.08%.
Commodities were mixed. WTI crude fell -2.4% to $43.77/brl. and COMEX gold climbed +0.1% to $1,154.00/oz. In FOREX, the dollar lost -0.4% with the euro up +0.7% to $1.0567/EUR and the yen unchanged at ¥121.40/USD.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech, Financial, Retail, and Energy-Linked Groups Led Rally
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
A solid gain from the Retail Index ($RLX +1.04%) and modest gains from financial shares underpinned the major averages' rally on Monday as the Bank Index ($BKX +0.65%) and the Broker/Dealer Index ($XBD +0.86%) both posted gains. The tech sector saw unanimous gains from the Networking Index ($NWX +1.36%), Semiconductor Index ($SOX +1.52%), and the Biotechnology Index ($BTK +2.38%). Energy-related shares had a positive bias as the Oil Services Index ($OSX +0.80%) and the Integrated Oil Index ($XOI +1.17%) both posted gains. Meanwhile the Gold & Silver Index ($XAU -0.12%) was a laggard as it edged lower.
Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK +2.38%) is hitting new highs with a streak of 5 consecutive gains.
| Oil Services |
$OSX |
183.56 |
+1.46 |
+0.80% |
-12.95% |
| Integrated Oil |
$XOI |
1,288.52 |
+14.94 |
+1.17% |
-4.42% |
| Semiconductor |
$SOX |
718.53 |
+10.74 |
+1.52% |
+4.61% |
| Networking |
$NWX |
377.71 |
+5.07 |
+1.36% |
+5.52% |
| Broker/Dealer |
$XBD |
191.14 |
+1.64 |
+0.86% |
+3.52% |
| Retail |
$RLX |
1,121.18 |
+11.50 |
+1.04% |
+8.56% |
| Gold & Silver |
$XAU |
65.50 |
-0.08 |
-0.12% |
-4.77% |
| Bank |
$BKX |
73.93 |
+0.48 |
+0.65% |
-0.44% |
| Biotech |
$BTK |
4,169.62 |
+96.80 |
+2.38% |
+21.24% |
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Found Support at Long-Term Average and Fundamentals Are Good
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Reis Inc (REIS +$0.34 or +1.34% to $25.69) was highlighted in yellow with pivot point cited based on its 1/06/15 high plus 10 cents in the earlier mid-day (read here). Subsequent volume-driven gains above the pivot point are still needed to trigger a technical buy signal. It ended today's session with a volume-driven gain leaving it within striking distance of a best-ever close and near its 52-week high.
It found support at its 200-day moving average (DMA) line during its consolidation. It had earnings increases above the +25% minimum guideline (C criteria) and sales revenues improving in the Mar, Jun, Sep, and Dec '14 quarterly comparisons. Annual earnings (A criteria) history has been improving steadily since FY '10.
The high-ranked Real Estate Development/Operations firm has an Up/Down Volume Ratio of 1.3 which is an unbiased indication its shares have been under accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 117 in Mar '14 to 149 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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$305.00
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+6.05
2.02% |
$306.35
|
6,217,478
204.99% of 50 DAV
50 DAV is 3,033,000
|
$299.88
1.71%
|
12/29/2014
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$260.22
|
PP = $272.85
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|
MB = $286.49
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Most Recent Note - 3/13/2015 6:50:00 PM
G - 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. Its 50 DMA line defines support where violations would raise more serious concerns. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Extended From Base After Completing New Public Offering - 3/13/2015
View all notes |
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C
A N
S L
I M
|
AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
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$72.08
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+1.27
1.79% |
$72.15
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1,448,782
85.32% of 50 DAV
50 DAV is 1,698,000
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$71.83
0.35%
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2/13/2015
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$68.46
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PP = $65.49
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MB = $68.76
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Most Recent Note - 3/16/2015 6:03:32 PM
G - Rallied from a brief consolidation to a new 52-week high with today's gain lacking great volume conviction. Prior highs in the $65 area and its 50 DMA line coincide defining important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Holding Ground Extended From Prior Base - 3/4/2015
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C
A N
S L
I M
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$69.27
|
+0.83
1.21% |
$69.92
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1,367,253
67.02% of 50 DAV
50 DAV is 2,040,000
|
$69.25
0.03%
|
3/2/2015
|
$60.54
|
PP = $63.30
|
|
MB = $66.47
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Most Recent Note - 3/16/2015 6:05:22 PM
G - Wedged further above its "max buy" level with today's gain lacking volume conviction. Disciplined investors avoid chasing stocks more than +5% above their prior highs. Prior highs near $63 define important near term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Rallied Above Max Buy Level Following Strong Earnings News - 3/10/2015
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C
A N
S L
I M
|
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
|
$61.69
|
+0.22
0.36% |
$61.96
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299,377
84.57% of 50 DAV
50 DAV is 354,000
|
$63.50
-2.85%
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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 - 3/16/2015 5:54:37 PM
G - Still hovering near its 52-week high, holding its ground while 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
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C
A N
S L
I M
|
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
|
$78.07
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+0.02
0.03% |
$78.12
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19,290,153
76.61% of 50 DAV
50 DAV is 25,179,800
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$82.17
-4.99%
|
2/20/2015
|
$81.79
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PP = $78.47
|
|
MB = $82.39
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Most Recent Note - 3/16/2015 6:07:26 PM
G - Still 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 71 now, is below the 80+ minimum guideline for new buy candidates.
>>> FEATURED STOCK ARTICLE : Relative Strength Rating Fell While Encountering Resistance - 3/11/2015
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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 |
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
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$196.72
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+8.51
4.52% |
$196.99
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1,146,270
92.46% of 50 DAV
50 DAV is 1,239,700
|
$213.33
-7.79%
|
12/30/2014
|
$186.26
|
PP = $196.00
|
|
MB = $205.80
|
Most Recent Note - 3/16/2015 6:10:33 PM
Y - Color code is changed to yellow after a rebounded above its 50 DMA line with a big gain today on higher volume but still below average volume. Now -7.8% off its high, its Relative Strength rating has improved to 81, back above the 80+ minimum for buy candidates.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average Line But Relative Strength Has Slumped - 3/5/2015
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C
A N
S L
I M
|
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$160.46
|
+1.71
1.08% |
$160.83
|
231,509
76.15% of 50 DAV
50 DAV is 304,000
|
$164.48
-2.44%
|
2/3/2015
|
$156.95
|
PP = $154.66
|
|
MB = $162.39
|
Most Recent Note - 3/12/2015 7:02:41 PM
Y - Gapped up today and finished near the session high with a gain backed by below average volume. Prior highs in the $154 area and its 50 DMA line acted as support. Subsequent losses below the recent low ($153.42 on 3/11/15) would raise greater concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Wedged Above Prior Highs Getting Extended - 2/25/2015
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C
A N
S L
I M
|
LNKD
-
NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers
|
$260.17
|
+1.05
0.41% |
$260.60
|
1,066,642
67.64% of 50 DAV
50 DAV is 1,577,000
|
$276.18
-5.80%
|
2/6/2015
|
$269.83
|
PP = $243.35
|
|
MB = $255.52
|
Most Recent Note - 3/13/2015 6:52:18 PM
G - Gapped down today for a loss on higher (near average) volume. 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
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C
A N
S L
I M
|
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$104.37
|
-0.30
-0.28% |
$105.03
|
3,956,556
103.82% of 50 DAV
50 DAV is 3,811,000
|
$105.12
-0.71%
|
1/5/2015
|
$76.43
|
PP = $78.44
|
|
MB = $82.36
|
Most Recent Note - 3/13/2015 12:38:51 PM
G - Getting more extended from any sound base after gapping up today. 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 : Very Extended Following Gap Up Gain on M&A News - 3/9/2015
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$144.13
|
+2.79
1.97% |
$144.16
|
1,170,329
90.09% of 50 DAV
50 DAV is 1,299,000
|
$149.35
-3.50%
|
7/30/2014
|
$84.21
|
PP = $85.88
|
|
MB = $90.17
|
Most Recent Note - 3/16/2015 5:56:46 PM
G - Volume totals have been cooling since spiking to a new 52-week high with heavy volume on 3/03/15. Its 50 DMA line (now $132.20) 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 : Fundamentals Improved But No New Base Has Formed - 3/12/2015
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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 |
QLYS
-
NASDAQ
Qualys Inc
Computer Sftwr-Security
|
$44.66
|
+1.12
2.57% |
$44.83
|
366,384
99.02% of 50 DAV
50 DAV is 370,000
|
$50.00
-10.68%
|
2/6/2015
|
$42.24
|
PP = $40.84
|
|
MB = $42.88
|
Most Recent Note - 3/16/2015 5:58:39 PM
G - Extended from its prior base and consolidating above prior highs in the $40-41 area and its 50 DMA line which define important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Near Highs and Tallying Another Big Volume-Driven Gain - 3/2/2015
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C
A N
S L
I M
|
REIS
-
NASDAQ
Reis Inc
Real Estate Dvlpmt/Ops
|
$25.69
|
+0.34
1.34% |
$25.82
|
50,505
174.16% of 50 DAV
50 DAV is 29,000
|
$28.82
-10.86%
|
3/16/2015
|
$25.65
|
PP = $26.64
|
|
MB = $27.97
|
Most Recent Note - 3/16/2015 6:00:48 PM
Y - Highlighted in yellow with pivot point cited based on its 1/06/15 high plus 10 cents in the earlier mid-day report (read here). Subsequent volume-driven gains above the pivot point are still needed to trigger a technical buy signal. Showed earnings increases above the +25% minimum guideline (C criteria) through the Dec '14 quarter. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Found Support at Long-Term Average and Fundamentals Are Good - 3/16/2015
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C
A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$202.34
|
+4.91
2.49% |
$204.75
|
3,915,627
113.04% of 50 DAV
50 DAV is 3,464,000
|
$206.84
-2.18%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
|
MB = $157.40
|
Most Recent Note - 3/16/2015 6:06:50 PM
G - Rose today on near average volume after Salix Pharmaceuticals (SLXP) accepted its increased buyout offer. VRX's latest earnings for Dec '14 quarter raised concerns. 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
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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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