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AFTER MARKET UPDATE - TUESDAY, APRIL 7TH, 2015
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Indices NYSE Nasdaq
DOW  -5.43 17,875.42 -0.03% Volume 647,234,690 -27% Volume 1,458,829,900 -6%
NASDAQ -7.09 4,910.23 -0.14% Advancers 1,359 43% Advancers 1,324 45%
S&P 500 -4.29 2,076.33 -0.21% Decliners 1,710 54% Decliners 1,483 51%
Russell 2000 -5.03 1,253.36 -0.40% 52 Wk Highs 99   52 Wk Highs 84  
S&P 600 -4.86 718.37 -0.67% 52 Wk Lows 6   52 Wk Lows 29  

Major Averages Erased Gains to Close Session Lower on Lighter Volume

The major averages erased decent gains they held for most of Tuesday's session and slumped in the late-afternoon to finish slightly in the red. The Dow, which rose as many as 102 points, was down 5 at 17,875. The S&P 500 fell 4 points to 2,076. The volume totals were reported lighter on the NYSE and on the Nasdaq exchange versus the prior session totals. Decliners led advancers by a 9-7 margin on the NYSE and an even narrower margin on the Nasdaq exchange.  Leadership contracted as there were 36 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 41 stocks. New 52-week highs solidly outnumbered new 52-week lows on the NYSE and the Nasdaq exchange. There were gains for 7 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 NASDAQ Composite declined 7 points to 4,910. It recently found support near its 50-day moving average (DMA) line.

The major averages closed lower attributed to investor caution ahead of the release of the Fed's March meeting minutes and start to first quarter earnings season on Wednesday. The market was higher for most of the session amid speculation the central bank may delay raising interest rates until later this year. On the economic front, job openings rose to its highest level since January 2001 while consumer credit expanded to a record $3.34 trillion in February.

Utilities and consumer discretionary were down the most on the session. Southern Company (SO -1.5%) and homebuilder D.R. Horton (DHI -2.4%) both fell. Health care and energy were the best performing sectors. Alexion Pharmaceuticals (ALXN +3.2%) advanced to pace gains in biotech. Diamond Offshore (DO +2.8%) rose as oil advanced. In M&A news, FedEx (FDX +2.7%) rose following its $4.8 billion offer to buy European rival TNT Express.

Treasuries were mixed after a fresh $24 billion sale of three-year notes drew average demand. The 10-year note gained 2/32 to yield 1.89%.

In commodities, NYMEX WTI crude climbed +3.2% to $53.82/barrel. COMEX gold fell -0.8% to $1,209.50/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.


Networking and Biotech Indexes Posted Modest Gains

Weakness for the Broker/Dealer Index ($XBD -0.78%) and the Retail Index ($RLX -0.66%) weighed on the major averages on Tuesday while the Bank Index ($BKX +0.24%) eked out a small gain. The Networking Index ($NWX +0.45%) and the Biotechnology Index ($BTK +0.50%) posted modest gains while the Semiconductor Index ($SOX +0.04%) finished flat. The Integrated Oil Index ($XOI +0.13%) and the Oil Services Index ($OSX +0.23%) edged higher. The Gold & Silver Index ($XAU -2.00%) was a standout decliner.

Charts courtesy www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI +0.13%) recently rebounded above its 50-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  202.38 +0.47 +0.23% -4.03%
Integrated Oil $XOI  1,363.08 +1.82 +0.13% +1.11%
Semiconductor $SOX  692.94 +0.26 +0.04% +0.88%
Networking $NWX  374.01 +1.67 +0.45% +4.49%
Broker/Dealer $XBD  188.80 -1.48 -0.78% +2.25%
Retail $RLX  1,123.13 -7.41 -0.66% +8.75%
Gold & Silver $XAU  69.07 -1.41 -2.00% +0.42%
Bank $BKX  72.42 +0.17 +0.24% -2.48%
Biotech $BTK  3,944.99 +19.46 +0.50% +14.71%


Fresh Breakout Again Had Look of Institutional Demand

Epam Systems Inc (EPAM +$0.42 or +0.64% to $66.49) hit another new 52-week high and traded near its "max buy" level ($66.78) today. It broke out on the prior session with 5 times average volume while rallying above the pivot point triggering a new (or add-on) technical buy signal. Its 50-day moving average (DMA) line ($57.27) defines near-term support to watch on pullbacks. 

On 3/27/15 a new pivot point was cited based on its 2/27/15 high plus 10 cents, as a new base of sufficient length had formed following its appearance in the 3/18/15 FSU section with annotated graphs under the headline, "Hovering Near Highs Extended From Prior Base". The latest action again has the look of serious institutional buying demand, however, after quick gains it is almost too extended from the prior base to be considered buyable under the fact-based investment system's guidelines.

The high-ranked Computer - Tech Services firm reported Dec '14 earnings +29% on +28% sales revenues. Its 5 consecutive quarters with earnings above the +25% guideline makes it a solid match concerning the C criteria. Annual earnings growth (A criteria) has been strong. Its Relative Strength rating of 97 is now well above the 80+ minimum guideline for buy candidates. Its Relative Strength line (the jagged blue line) has also been hitting new all-time highs.

It completed Secondary Offerings 8/30/13 and 9/17/13. Its Up/Down Volume ratio of 2.5 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 254 in Dec '13 to 328 Dec '14, a reassuring sign concerning the I criteria. Its small supply of only 37.1 million shares (S criteria) in the pubic float can contribute to greater volatility in the event of institutional buying or selling.


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  
$295.56 -2.28
-0.77%

$299.81

2,026,716
59.14% of 50 DAV
50 DAV is 3,427,000
$317.72
-6.97%
12/29/2014 $260.22 PP = $272.85
MB = $286.49
Most Recent Note - 4/7/2015 4:41:16 PM
G - Consolidating above its 50 DMA line ($291.25) where violations would raise more serious concerns and trigger a technical sell signal. 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.
>>> 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  
$71.08 +0.16
0.23%

$71.77

921,483
55.92% of 50 DAV
50 DAV is 1,648,000
$73.53
-3.33%
2/13/2015 $68.46 PP = $65.49
MB = $68.76
Most Recent Note - 4/6/2015 6:29:14 PM
G - Consolidating well above its 50 DMA line and recent lows in the $68 area defining near-term support to watch on pullbacks.
>>> 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  
$72.81 -0.86
-1.16%

$74.95

808,275
42.19% of 50 DAV
50 DAV is 1,916,000
$77.39
-5.92%
3/2/2015 $60.54 PP = $63.30
MB = $66.47
Most Recent Note - 4/6/2015 6:30:41 PM
G - Perched near its all-time high, way too extended to be bought under the guidelines. Prior highs near $63 define important near term support to watch along with its 50 DMA line.
>>> 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  
$66.49 +0.42
0.64%

$67.54

825,862
199.48% of 50 DAV
50 DAV is 414,000
$67.10
-0.91%
3/27/2015 $61.97 PP = $63.60
MB = $66.78
Most Recent Note - 4/7/2015 4:44:43 PM
Y - Hit another new 52-week high and traded near its "max buy" level today. Broke out on the prior session with 5 times average volume while rallying above the pivot point triggering a new (or add-on) technical buy signal. Its 50 DMA line ($57.27) defines near-term support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> 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  
$82.32 -0.12
-0.15%

$83.42

17,422,581
65.77% of 50 DAV
50 DAV is 26,492,000
$86.07
-4.36%
2/20/2015 $81.79 PP = $78.47
MB = $82.39
Most Recent Note - 4/6/2015 6:36:02 PM
G - Posted a gain today on light volume following 4 consecutive losses with light volume while consolidating. Prior resistance in the $82 area defines important near-term support above the 50 DMA line.
>>> 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  
$182.76 -0.03
-0.02%

$188.61

1,010,509
95.73% of 50 DAV
50 DAV is 1,055,600
$213.33
-14.33%
12/30/2014 $186.26 PP = $196.00
MB = $205.80
Most Recent Note - 4/6/2015 6:37:44 PM
G - Testing support at its 200 DMA line. Recent gains have lacked great volume conviction. Its Relative Strength rating has slumped to 65, 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  
$167.18 -2.77
-1.63%

$170.25

238,809
77.54% of 50 DAV
50 DAV is 308,000
$172.09
-2.85%
2/3/2015 $156.95 PP = $154.66
MB = $162.39
Most Recent Note - 4/6/2015 6:40:02 PM
G - Very extended from its prior base. Found support near prior highs on the recent pullback. The 50 DMA line ($160.66) defines the next important support level to watch. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Holding Ground After Rally For New Highs - 4/6/2015
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  
$249.81 +0.50
0.20%

$253.53

934,861
63.21% of 50 DAV
50 DAV is 1,479,000
$276.18
-9.55%
2/6/2015 $269.83 PP = $243.35
MB = $255.52
Most Recent Note - 4/6/2015 6:41:48 PM
G - Quietly slumped below its 50 DMA line and needs a rebound above it ($255.79) for its outlook to improve. 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  
$100.38 +0.42
0.42%

$101.80

3,294,671
84.83% of 50 DAV
50 DAV is 3,884,000
$108.50
-7.48%
1/5/2015 $76.43 PP = $78.44
MB = $82.36
Most Recent Note - 4/6/2015 6:42:46 PM
G - Still 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 ($91.65) 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  
$144.83 +3.19
2.25%

$146.79

1,629,132
114.41% of 50 DAV
50 DAV is 1,424,000
$150.44
-3.73%
3/27/2015 $146.44 PP = $149.45
MB = $156.92
Most Recent Note - 4/7/2015 2:27:17 PM
Y - Encountered distributional pressure yet found support above its 50 DMA line ($137.86). More damaging losses would raise concerns and trigger a technical sell signal. When recently wedging to a new high (N criteria) gains were backed by sub par volume and members were cautioned - "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  
$49.08 +0.75
1.55%

$49.37

284,251
68.83% of 50 DAV
50 DAV is 413,000
$50.00
-1.84%
2/6/2015 $42.24 PP = $40.84
MB = $42.88
Most Recent Note - 4/6/2015 6:45:19 PM
G - Posted a 3rd consecutive gain on higher volume today and it challenged its 52-week high. Its 50 DMA line ($44.60) 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  
$26.75 -0.17
-0.63%

$26.97

21,247
70.82% of 50 DAV
50 DAV is 30,000
$28.82
-7.18%
3/16/2015 $25.65 PP = $26.64
MB = $27.97
Most Recent Note - 4/7/2015 4:42:54 PM
Y - Recent action was noted as 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.
>>> 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  
$198.94 +1.10
0.56%

$201.22

1,109,028
34.38% of 50 DAV
50 DAV is 3,226,000
$206.84
-3.82%
1/5/2015 $144.84 PP = $149.90
MB = $157.40
Most Recent Note - 4/6/2015 6:46:36 PM
G - Stubbornly holding its ground after completing 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 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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