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AFTER MARKET UPDATE - THURSDAY, APRIL 2ND, 2015
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Indices NYSE Nasdaq
DOW  +65.06 17,763.24 +0.37% Volume 699,806,020 -10% Volume 1,460,628,020 -15%
NASDAQ +6.71 4,886.94 +0.14% Advancers 1,945 61% Advancers 1,722 58%
S&P 500 +7.27 2,066.96 +0.35% Decliners 1,107 35% Decliners 1,124 38%
Russell 2000 +3.95 1,255.66 +0.32% 52 Wk Highs 112   52 Wk Highs 113  
S&P 600 +2.46 721.27 +0.34% 52 Wk Lows 13   52 Wk Lows 32  

Market Rose With Lighter Volume Totals

For the week, the Dow and S&P 500 both advanced +0.3%, while the NASDAQ fell less than -0.1%. Stocks finished higher on Thursday. The Dow climbed 65 points to 17,763. The S&P 500 advanced 7 points to 2,066. The NASDAQ gained 6 points to 4,886. The volume totals were reported lighter on the NYSE and on the Nasdaq exchange versus the prior session totals. Advancers led decliners by nearly a 2-1 margin on the NYSE and by almost a 3-2 margin on the Nasdaq exchange.  There were 51 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 29 stocks. The list of new 52-week highs expanded and solidly outnumbered new 52-week lows on the NYSE and the Nasdaq exchange. There were gains for 10 of the 13 high-ranked companies currently on the Featured Stocks Page.

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 Dow Jones Industrial Average is still below its 50-day moving average (DMA) line.

The major averages rose amid mixed economic data ahead of Friday's non-farm payrolls report. Jobless claims last week unexpectedly fell 20,000 to 268,000. In March, the trade deficit shrank to $35.4 billion and a gauge of factory orders for February unexpectedly advanced.

At the close, nine of the 10 S&P 500 sectors finished higher. Consumer discretionary was up the most. CarMax (KMX +9.27%) rallied on a strong earnings report, while Macy's (M +3.67%) rose on positive forward guidance. In staples, Lorillard (LO +2.76%) and Reynolds (RAI +4.35%) rose amid speculation that their proposed merger would get antitrust approval. Tech was the lone sector lower as Microsoft (MSFT -1.06%) and Qualcomm (QCOM -2.10%) both fell.

Treasuries backed and filled before the labor report tomorrow. The 10-year note declined 15/32 to yield 1.91%.

Commodities were mixed as WTI crude lost 1.2% to $49.47/barrel but natural gas surged +4% to $2.71/MMBtu on increased demand. COMEX gold retreated 0.6% to $1,201.40/ounce. In FOREX, the dollar slid 0.6% with the euro up 1.1% to $1.0879/EUR and the yen virtually unchanged at ¥119.72/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, Retail, and Oil Services Groups Rose

Financials were a positive influence on the major averages on Thursday as the Bank Index ($BKX +0.76%) and the Broker/Dealer Index ($XBD +0.68%) both rose. The Retail Index ($RLX +0.35%) also edged higher. Commodity-linked groups were mixed as the Oil Services Index ($OSX +1.70%) rallied, but the Integrated Oil Index ($XOI -0.26%) edged lower and the Gold & Silver Index ($XAU -1.36%) slumped.  The tech sector saw modest losses from the Biotechnology Index ($BTK -0.45%) and the Semiconductor Index ($SOX -0.29%) while the Networking Index ($NWX +0.02%) finished flat.

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +0.68%) is perched near its all-time high.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  194.74 +3.25 +1.70% -7.65%
Integrated Oil $XOI  1,335.90 -3.48 -0.26% -0.91%
Semiconductor $SOX  689.17 -2.02 -0.29% +0.33%
Networking $NWX  370.61 +0.08 +0.02% +3.54%
Broker/Dealer $XBD  190.33 +1.28 +0.68% +3.08%
Retail $RLX  1,122.92 +10.01 +0.90% +8.73%
Gold & Silver $XAU  67.96 -0.94 -1.36% -1.19%
Bank $BKX  72.50 +0.55 +0.76% -2.37%
Biotech $BTK  3,931.36 -17.97 -0.45% +14.31%


Encountered Distributional Pressure Following Breakout Lacking Volume

Reis Inc (REIS +$0.62 or +2.42% to $26.24) posted a gain on higher (near average) volume today. Recent action was noted as distributional pressure as it suffered a big loss on 5 times average volume on 3/31/15. It hit a new 52-week high and rallied above its pivot point on the prior session, but the volume was only +28% above average. Members were reminded - "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.

REIS was last shown in this FSU section with annotated graphs on 3/16/15 under the headline, "Found Support at Long-Term Average and Fundamentals Are Good", after highlighted in yellow in the mid-day (read here).

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 1.4 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 150 in Dec '14, a reassuring sign concerning the 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  
$298.37 +1.94
0.65%

$299.86

2,276,217
65.75% of 50 DAV
50 DAV is 3,462,000
$317.72
-6.09%
12/29/2014 $260.22 PP = $272.85
MB = $286.49
Most Recent Note - 4/1/2015 5:38:17 PM
G - Slumped near its 50 DMA line with higher volume today. 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 ($290) defines support where violations would raise more serious concerns. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Pullback With Higher Volume Toward 50-Day Moving Average - 4/1/2015
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  
$70.84 +0.53
0.75%

$71.00

955,798
57.89% of 50 DAV
50 DAV is 1,651,000
$73.53
-3.66%
2/13/2015 $68.46 PP = $65.49
MB = $68.76
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
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  
$74.00 +0.03
0.04%

$75.84

1,120,161
58.34% of 50 DAV
50 DAV is 1,920,000
$77.39
-4.38%
3/2/2015 $60.54 PP = $63.30
MB = $66.47
Most Recent Note - 4/1/2015 12:15:21 PM
G - Pulling back today following 3 consecutive gains and a move into new high territory. It is too extended to be bought under the guidelines. Prior highs near $63 define important near term support to watch. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Getting Extended After Brief Pullback - 3/30/2015
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  
$61.72 +0.32
0.52%

$61.96

1,151,604
320.78% of 50 DAV
50 DAV is 359,000
$63.50
-2.80%
3/27/2015 $61.97 PP = $63.60
MB = $66.78
Most Recent Note - 4/2/2015 12:56:04 PM
Y - Consolidating in a tight range in recent weeks perched near its 52-week high. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. Its 50 DMA line defines near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hovering Near Highs Extended From Prior Base - 3/18/2015
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
FB - NASDAQ
Facebook Inc Cl A
INTERNET  
$81.56 -0.11
-0.13%

$82.56

19,614,030
73.71% of 50 DAV
50 DAV is 26,610,000
$86.07
-5.25%
2/20/2015 $81.79 PP = $78.47
MB = $82.39
Most Recent Note - 3/31/2015 6:13:14 PM
G - Consolidating above prior resistance in the $82 area defining important near-term support above the 50 DMA line. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Pullback Near Previously Stubborn Resistance - 3/31/2015
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  
$183.01 +0.80
0.44%

$183.83

950,852
88.21% of 50 DAV
50 DAV is 1,078,000
$213.33
-14.21%
12/30/2014 $186.26 PP = $196.00
MB = $205.80
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
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  
$170.94 -0.17
-0.10%

$172.09

298,707
97.62% of 50 DAV
50 DAV is 306,000
$171.32
-0.22%
2/3/2015 $156.95 PP = $154.66
MB = $162.39
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
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  
$248.82 +0.50
0.20%

$250.28

651,505
43.38% of 50 DAV
50 DAV is 1,502,000
$276.18
-9.91%
2/6/2015 $269.83 PP = $243.35
MB = $255.52
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
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  
$99.27 -0.48
-0.48%

$100.89

1,953,636
49.99% of 50 DAV
50 DAV is 3,908,000
$108.50
-8.51%
1/5/2015 $76.43 PP = $78.44
MB = $82.36
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
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  
$141.81 +0.28
0.20%

$142.89

1,013,223
71.10% of 50 DAV
50 DAV is 1,425,000
$150.44
-5.74%
3/27/2015 $146.44 PP = $149.45
MB = $156.92
Most Recent Note - 4/1/2015 5:40:14 PM
Y - Encountering distributional pressure after recently wedging to a new high (N criteria) with gains backed by sub par 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
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  
$47.27 +0.22
0.47%

$48.54

346,727
86.04% of 50 DAV
50 DAV is 403,000
$50.00
-5.46%
2/6/2015 $42.24 PP = $40.84
MB = $42.88
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
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
REIS - NASDAQ
Reis Inc
Real Estate Dvlpmt/Ops  
$26.24 +0.62
2.42%

$26.42

34,044
11.20% of 50 DAV
50 DAV is 304,000
$28.82
-8.95%
3/16/2015 $25.65 PP = $26.64
MB = $27.97
Most Recent Note - 4/2/2015 5:52:07 PM
Y - Posted a gain today on higher (near average) volume after recent action indicative of distributional pressure. Hit a new 52-week high and rallied above its pivot point but with volume only +28% above average on 3/31/15. 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. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure Following Breakout Lacking Volume - 4/2/2015
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  
$198.45 +1.06
0.54%

$201.03

1,138,503
34.90% of 50 DAV
50 DAV is 3,262,000
$206.84
-4.06%
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
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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