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AFTER MARKET UPDATE - MONDAY, MARCH 30TH, 2015
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DOW |
+263.65 |
17,976.31 |
+1.49% |
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Volume |
659,494,400 |
-9% |
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Volume |
1,644,245,300 |
+5% |
NASDAQ |
+56.22 |
4,947.44 |
+1.15% |
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Advancers |
2,297 |
72% |
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Advancers |
1,892 |
66% |
S&P 500 |
+25.22 |
2,086.24 |
+1.22% |
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Decliners |
803 |
25% |
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Decliners |
886 |
31% |
Russell 2000 |
+17.39 |
1,257.80 |
+1.40% |
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52 Wk Highs |
148 |
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52 Wk Highs |
106 |
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S&P 600 |
+8.57 |
723.20 |
+1.20% |
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52 Wk Lows |
17 |
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52 Wk Lows |
48 |
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Breadth Positive and Leadership Expanded as Major Averages Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks surged on Monday. The Dow rallied 263 points to 17976. The S&P 500 advanced 25 points to 2086. The NASDAQ gained 56 points to 4,947. The volume totals were reported mixed, lighter on the NYSE and higher on the Nasdaq exchange versus the prior session totals. Advancers led decliners by nearly a 3-1 margin on the NYSE and by 2-1 on the Nasdaq exchange. There were 68 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 18 stocks. The list of new 52-week highs outnumbered new 52-week lows on the NYSE and the Nasdaq exchange. There were gains for 11 of the 13 high-ranked companies currently on the Featured Stocks Page, showing a favorable bias, versus the broader market's more negative slant
Concerning the M criteria, the major averages' endured recent distributional pressure which put the rally under pressure, however, their remains a healthy level of leadership (stocks hitting new 52-week 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 reassuringly rebounded above its 50-day moving average (DMA) line with a solid gain backed by healthy leadership. It found prompt support near a multi-month upward trendline (shown above). Subsequent losses leading to more technical damage would obviously hurt the market outlook.
The major averages rallied on stimulative central bank speak. On Friday, Janet Yellen told investors the Fed would be deliberate and data dependent when increasing rates. In economic data, pending home sales in February surged 3.1%, versus an estimate of a 0.3% advance. A measure of February's personal income rose more than expected, but a gauge personal spending failed to meet projections. In Texas, sentiment among manufacturers fell more than estimated in March.
At the close, all 10 sectors of the S&P 500 were higher. M&A helped lift the health care group. After agreeing to be acquired in separate deals, Catamaran (CTRX +23.82%) and Hyperion Therapeutics +7.6%) rose. Energy stocks were up the most including Exxon Mobil (XOM +2.45%). In industrial stocks, Caterpillar (CAT +2.14%) advanced. Investment banks provided a tailwind to financials as JP Morgan (JPM +2.37%) and Goldman Sachs (GS +1.57%) both rose.
Treasuries were little changed. The 10-year note gained 2/32 to yield 1.95%.
Commodities were mostly lower. WTI crude fell 0.7% to $48.56/barrel and COMEX gold lost 1.3% to $1185.70/ounce. In FOREX, the dollar rose 0.7% with the euro down 0.7% to $1.0814/EUR and the yen off 0.9% to ¥120.15/USD.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, Energy, and Tech Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.10%) was a positive influence on the major averages along with financials as the Bank Index ($BKX +1.47%) and Broker/Dealer Index ($XBD +1.50%) both rose on Monday. The Integrated Oil Index ($XOI +2.13%) outpaced the Oil Services Index ($OSX +0.45%) as energy-related groups were higher. The Biotechnology Index ($BTK +1.05%), Networking Index ($NWX +1.23%), Semiconductor Index ($SOX +1.36%) posed unanimous gains for the tech sector. Meanwhile, the Gold & Silver Index ($XAU -1.79%) was a laggard as it slumped for a loss.
Charts courtesy www.stockcharts.com
PICTURED: The Networking Index ($NWX +1.23%) found support at its 50-day moving average (DMA) line on the latest pullback.
Oil Services |
$OSX |
190.69 |
+0.85 |
+0.45% |
-9.57% |
Integrated Oil |
$XOI |
1,344.76 |
+27.98 |
+2.13% |
-0.25% |
Semiconductor |
$SOX |
703.74 |
+9.42 |
+1.36% |
+2.46% |
Networking |
$NWX |
370.81 |
+4.51 |
+1.23% |
+3.60% |
Broker/Dealer |
$XBD |
189.83 |
+2.81 |
+1.50% |
+2.81% |
Retail |
$RLX |
1,123.48 |
+12.17 |
+1.10% |
+8.79% |
Gold & Silver |
$XAU |
66.52 |
-1.21 |
-1.79% |
-3.29% |
Bank |
$BKX |
72.44 |
+1.05 |
+1.47% |
-2.45% |
Biotech |
$BTK |
4,074.77 |
+42.43 |
+1.05% |
+18.48% |
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Getting Extended After Brief Pullback
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Ambarella Corporation (AMBA +$4.26 or +6.06% to $74.61) hit a new 52-week high, getting more extended from the latest sound base. It posted gains and promptly rebounded after a brief dip below its "max buy" level. Prior highs near $63 define important near term support to watch on pullbacks. The high-ranked Electronics - Semiconductor firm was last shown in this FSU section on 3/10/15 with annotated graphs under the headline, "Rallied Above Max Buy Level Following Strong Earnings News", Members were reminded - "Disciplined investors avoid chasing stocks more than +5% above their prior highs."
On 3/02/15 a new pivot point was cited based on its 1/13/15 high plus 10 cents. On 3/04/15 it gapped up for a considerable volume-driven gain triggering a technical buy signal after it 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 annotated graph below). AMBA's fundamentals match with the fact-based investment system guidelines with quarterly comparisons showing improvement above the +25% minimum earnings guideline (C criteria).
The number of top-rated funds owning its shares has been on the rise, up from 51 in Dec '12 to 219 in Dec '14, a reassuring indication concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 is also an unbiased indication its shares have been under slight accumulation over the past 50 days. Its small supply (S criteria) of only 27.6 million shares in the public float can contribute to great price volatility in the event of institutional buying or selling.
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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
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NYSE
Actavis plc
Medical-Generic Drugs
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$304.76
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+1.20
0.40% |
$307.82
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2,298,756 67.67% of 50 DAV
50 DAV is 3,397,000
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$317.72 -4.08%
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12/29/2014
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$260.22
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PP = $272.85
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MB = $286.49
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Most Recent Note - 3/30/2015 7:28:59 PM
G - Consolidating quietly, very extended from any sound base. 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 ($287) defines support where violations would raise more serious concerns.
>>> FEATURED STOCK ARTICLE : Extended From Base After Completing New Public Offering - 3/13/2015
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C
A N
S L
I M
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AKAM
-
NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services
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$71.90
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+0.61
0.86% |
$72.24
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972,550 58.66% of 50 DAV
50 DAV is 1,658,000
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$73.53 -2.22%
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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 - 3/30/2015 7:31:03 PM
G - Consolidating with volume totals cooling. Recent lows highs in the $68.50 area define near-term support above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Wedging Gains Have Followed Brief Consolidation - 3/23/2015
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C
A N
S L
I M
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
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$74.61
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+4.26
6.06% |
$74.74
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2,044,636 107.27% of 50 DAV
50 DAV is 1,906,000
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$73.50 1.51%
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3/2/2015
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$60.54
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PP = $63.30
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MB = $66.47
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Most Recent Note - 3/30/2015 7:15:47 PM
G - Hit a new high with today's gain, getting very extended. Prior highs near $63 define important near term support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Getting Extended After Brief Pullback - 3/30/2015
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C
A N
S L
I M
|
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$62.23
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+0.26
0.42% |
$62.62
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407,185 116.34% of 50 DAV
50 DAV is 350,000
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$63.50 -2.00%
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3/27/2015
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$61.97
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PP = $63.60
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MB = $66.78
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Most Recent Note - 3/27/2015 5:40:31 PM
Y - Color code is changed to yellow with new pivot point cited based on its 2/27/15 high while building a short flat base. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. Stubbornly holding its ground well above prior highs and its 50 DMA line defining support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hovering Near Highs Extended From Prior Base - 3/18/2015
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C
A N
S L
I M
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FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
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$83.20
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-0.11
-0.13% |
$84.34
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24,520,159 91.29% of 50 DAV
50 DAV is 26,859,000
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$86.07 -3.34%
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2/20/2015
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$81.79
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PP = $78.47
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MB = $82.39
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Most Recent Note - 3/30/2015 7:33:23 PM
G - Consolidating above prior resistance in the $82 area defining important near-term support above the 50 DMA line. Its Relative Strength rating has improved to 82, above 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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$187.62
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+0.45
0.24% |
$191.15
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784,333 69.65% of 50 DAV
50 DAV is 1,126,100
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$213.33 -12.05%
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12/30/2014
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$186.26
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PP = $196.00
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MB = $205.80
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Most Recent Note - 3/30/2015 7:35:16 PM
G - Halted its slide at its 200 DMA line but recent gains have lacked great volume conviction. Its Relative Strength rating has slumped to 73, below the 80+ minimum guideline for buy candidates. Needs gains above the 50 DMA line for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Relative Strength Rating Falls While Testing 200-Day Average - 3/25/2015
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C
A N
S L
I M
|
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$169.11
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+3.71
2.24% |
$169.62
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279,512 92.55% of 50 DAV
50 DAV is 302,000
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$170.85 -1.02%
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2/3/2015
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$156.95
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PP = $154.66
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MB = $162.39
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Most Recent Note - 3/30/2015 7:38:38 PM
G - It is extended from its prior base and found support above prior highs on the recent pullback. The 50 DMA line ($159) defines the next important support level to watch.
>>> FEATURED STOCK ARTICLE : Found Support Near Prior Highs and 50-Day Moving Average Line - 3/17/2015
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C
A N
S L
I M
|
LNKD
-
NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers
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$255.19
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-1.52
-0.59% |
$258.98
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791,911 52.41% of 50 DAV
50 DAV is 1,511,000
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$276.18 -7.60%
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2/6/2015
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$269.83
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PP = $243.35
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MB = $255.52
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Most Recent Note - 3/30/2015 7:48:37 PM
G - Quietly slumped below prior lows and it is testing its 50 DMA line ($253.29) defining near-term support. Stalled and made no progress since the considerable "breakaway gap" noted in the 2/06/15 mid-day report (read here).
>>> FEATURED STOCK ARTICLE : Stalled Following "Breakaway Gap" 6 Weeks Ago - 3/19/2015
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C
A N
S L
I M
|
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$102.43
|
+2.51
2.51% |
$103.99
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3,731,922 94.55% of 50 DAV
50 DAV is 3,947,000
|
$108.50 -5.59%
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1/5/2015
|
$76.43
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PP = $78.44
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MB = $82.36
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Most Recent Note - 3/30/2015 7:40:48 PM
G - It is very extended from its prior base, and disciplined investors avoid chasing extended stocks. Recent lows ($93.05 on 3/26/15) and the 50 DMA line ($89.97) define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pullback Following Considerable Rally of 41.9% Since Start of Year - 3/26/2015
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$148.61
|
+2.17
1.48% |
$150.44
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1,751,812 128.62% of 50 DAV
50 DAV is 1,362,000
|
$149.35 -0.50%
|
3/27/2015
|
$146.44
|
PP = $149.45
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MB = $156.92
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Most Recent Note - 3/30/2015 7:43:31 PM
Y - Hit a new high (N criteria) with today's gain backed by only +28% above average volume. Members were recently reminded - "Stocks should have at least +40% above average volume while rising above the pivot point to clinch a proper new (or add-on) technical buy signal."
>>> FEATURED STOCK ARTICLE : Latest Consolidation is a Short New "Square Box" Base - 3/27/2015
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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
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$46.70
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+1.36
3.00% |
$47.09
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220,953 55.24% of 50 DAV
50 DAV is 400,000
|
$50.00 -6.60%
|
2/6/2015
|
$42.24
|
PP = $40.84
|
MB = $42.88
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Most Recent Note - 3/30/2015 7:20:19 PM
G - Its 50 DMA line ($43.92) and prior lows in the $42 area define near-term support to watch. More damaging losses would raise concerns.
>>> FEATURED STOCK ARTICLE : Consolidating Above Support at Prior Highs and 50-Day Moving Average - 3/20/2015
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C
A N
S L
I M
|
REIS
-
NASDAQ
Reis Inc
Real Estate Dvlpmt/Ops
|
$27.53
|
+1.34
5.12% |
$27.61
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34,822 128.97% of 50 DAV
50 DAV is 27,000
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$28.82 -4.48%
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3/16/2015
|
$25.65
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PP = $26.64
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MB = $27.97
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Most Recent Note - 3/30/2015 7:27:20 PM
Y - Hit a new 52-week high and finished strong as it rallied above its pivot point today, but with volume only +28% above average. No resistance remains due to overhead supply. Gains above the pivot point must have at least +40% above average volume to trigger a convincing technical buy signal. Pyramiding is a tactic taught in the Certification that allows investors to let market action help to dictate entries and weighting into each new position purchased.
>>> FEATURED STOCK ARTICLE : Found Support at Long-Term Average and Fundamentals Are Good - 3/16/2015
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A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$201.38
|
+3.54
1.79% |
$203.32
|
1,310,585 39.80% of 50 DAV
50 DAV is 3,293,000
|
$206.84 -2.64%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
MB = $157.40
|
Most Recent Note - 3/30/2015 7:46:10 PM
G - Completed a new Public Offering on 3/17/15 while consolidating near its all-time high. Earnings for Dec '14 quarter raised concerns. Its recent low ($186.20 on 3/11/15) and its 50 DMA line ($182.27) define near-term support to watch.
>>> FEATURED STOCK ARTICLE : Fundamental Concerns Raised by Weaker Earnings and Sales Increases - 3/24/2015
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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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