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AFTER MARKET UPDATE - FRIDAY, APRIL 17TH, 2015
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DOW |
-279.47 |
17,826.30 |
-1.54% |
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Volume |
873,508,840 |
+18% |
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Volume |
1,834,814,730 |
+18% |
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NASDAQ |
-75.98 |
4,931.81 |
-1.52% |
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Advancers |
604 |
19% |
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Advancers |
599 |
19% |
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S&P 500 |
-23.81 |
2,081.18 |
-1.13% |
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Decliners |
2,476 |
78% |
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Decliners |
2,422 |
78% |
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Russell 2000 |
-21.04 |
1,251.86 |
-1.65% |
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52 Wk Highs |
29 |
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52 Wk Highs |
44 |
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S&P 600 |
-11.52 |
714.57 |
-1.59% |
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52 Wk Lows |
16 |
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52 Wk Lows |
48 |
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Leadership Waned and Indices Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow lost -1.2%, the S&P 500 fell -1% and the NASDAQ retreated -1.3%. Behind Friday's losses for the major indices the volume totals were reported higher than the prior session on the NYSE and on the Nasdaq exchange versus the prior session totals, inflated by options expirations. Breadth was negative as decliners led advancers by a 4-1 margin on the NYSE and on the Nasdaq exchange. There were only 3 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down abruptly from the prior session total of 27 stocks. New 52-week highs contracted yet still outnumbered new 52-week lows on the NYSE, but new lows outnumbered new highs on the Nasdaq exchange. There were gains for 2 of the 14 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, the major averages have encountered distributional pressure and leadership (stocks hitting new 52-week highs) has waned, putting the rally under pressure. 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 declined 23 points to 2,081, slumping below its 50-day moving average (DMA) line.
Stocks retreated on Friday. The Dow lost 279 points to 17,826. The NASDAQ slid 75 points to 4,931. The major averages fell as traders took risk off the table. Chinese officials announced new rules aimed at clamping down on margin purchases and short selling. In the Eurozone, the IMF reiterated an unwillingness to ease Greek deadlines, but other creditors echoed their desire to find a resolution that kept the EU intact.
In data, CPI rose 0.2% in March, failing to meet estimates. A measure of confidence for April increased more than projected, but a leading index of economic indicators for March disappointed analysts.
All 10 of the S&P 500 sectors finished lower. Consumer discretionary was off the most. Comcast (CMCSA -2.09%) and Time Warner (TWX -1.44%) tumbled on reports of quashed merger plans. Google (GOOGL -1.98%) weighed on tech stocks as its own antitrust woes sent shares down. In earnings, American Express (AXP -4.44%) fell after missing on the bottom line and reporting lackluster guidance. However, Schlumberger (SLB +1.06%) rose after posting strong quarterly results and announcing 11,000 layoffs.
Treasuries resumed their weekly advance. The benchmark 10-year note rose 8/32 to yield 1.86%.
Commodities were mixed. WTI crude lost 1.2% to $56.03/barrel after posting the biggest weekly gain in over four years. COMEX gold climbed 0.4% to $1,202.90/ounce.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, Tech, and Energy-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Losses for the Retail Index ($RLX -1.70%), Broker/Dealer Index ($XBD -1.47%), and the Bank Index ($BKX -0.43%) had a negative influence on the major averages. Energy-related shares were weak as the Oil Services Index ($OSX -1.44%) and the Integrated Oil Index ($XOI -1.05%) both fell. The Biotechnology Index ($BTK -1.44%) and the Semiconductor Index ($SOX -1.41%) both fell. The Gold & Silver Index ($XAU +0.07%) held its ground.
Charts courtesy www.stockcharts.com
PICTURED: The Networking Index ($NWX -2.05%) is pulling back from new 2015 highs.
| Oil Services |
$OSX |
211.90 |
-3.09 |
-1.44% |
+0.49% |
| Integrated Oil |
$XOI |
1,423.00 |
-15.09 |
-1.05% |
+5.55% |
| Semiconductor |
$SOX |
696.09 |
-9.99 |
-1.41% |
+1.34% |
| Networking |
$NWX |
374.61 |
-7.84 |
-2.05% |
+4.66% |
| Broker/Dealer |
$XBD |
189.41 |
-2.83 |
-1.47% |
+2.58% |
| Retail |
$RLX |
1,114.92 |
-19.25 |
-1.70% |
+7.96% |
| Gold & Silver |
$XAU |
70.95 |
+0.05 |
+0.07% |
+3.15% |
| Bank |
$BKX |
71.39 |
-0.31 |
-0.43% |
-3.86% |
| Biotech |
$BTK |
4,055.55 |
-59.09 |
-1.44% |
+17.92% |
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Consolidating Above 50-Day Moving Average Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Palo Alto Networks (PANW -$4.29 or -2.92% to $142.50) volume totals have generally been cooling while hovering near its all-time high. Its 50-day moving average (DMA) line ($140.97)and recent lows near $134 define near term support. Subsequent violations would raise concerns and trigger technical sell signals. 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."
The Computer Software - Security firm was last shown in this FSU section with annotated graphs on 3/27/15 under the headline, "Latest Consolidation is a Short New "Square Box" Base". Subsequent volume-driven gains above the new pivot point cited may trigger a new (or add-on) technical buy signal.
The Computer Software - Security firm It reported earnings +90% on +54% sales revenues for the Jan '15 quarter, its 3rd consecutive comparison with strong sales revenues increases and earnings above the +25% minimum guideline satisfying the C criteria. It now has an Earnings Per Share (EPS) Rating of 99, the highest possible rating. It has a strong annual earnings (A criteria) history.
It has a bullish Up/Down Volume Ratio of 1.4, 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 246 in Jun '13 to 645 in Mar '15, a very reassuring sign concerning the I criteria. Its small supply (S criteria) of 68.3 million shares in the public float is another favorable characteristic.
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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
|
$297.05
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+0.60
0.20% |
$297.05
|
2,838,021
80.47% of 50 DAV
50 DAV is 3,527,000
|
$317.72
-6.51%
|
12/29/2014
|
$260.22
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PP = $272.85
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MB = $286.49
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Most Recent Note - 4/17/2015 6:45:24 PM
G - Still finding support at its 50 DMA line. Losses leading to a damaging violation of the 50 DMA line and recent lows would raise more serious concerns and trigger technical sell signals. 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
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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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$71.90
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-0.59
-0.81% |
$72.19
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2,009,686
124.52% of 50 DAV
50 DAV is 1,614,000
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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 - 4/13/2015 6:14:21 PM
G - Volume totals have been cooling while holding its ground near its high, a sign that few investors have headed for the exit. Its 50 DMA line and recent lows in the $68 area define near-term support to watch. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Above 50-Day Moving Average Line - 4/13/2015
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C
A N
S L
I M
|
AMBA
-
NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized
|
$72.84
|
-1.76
-2.36% |
$74.50
|
1,001,127
54.23% of 50 DAV
50 DAV is 1,846,000
|
$77.39
-5.88%
|
3/2/2015
|
$60.54
|
PP = $63.30
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MB = $66.47
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Most Recent Note - 4/15/2015 5:56:38 PM
G - Volume totals have been cooling while stubbornly holding its ground near its all-time high. 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
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C
A N
S L
I M
|
APOG
-
NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials
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$52.25
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-0.47
-0.89% |
$52.84
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170,392
82.31% of 50 DAV
50 DAV is 207,000
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$55.01
-5.02%
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4/9/2015
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$49.58
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PP = $48.13
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MB = $50.54
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Most Recent Note - 4/15/2015 5:57:59 PM
G - Stubbornly holding its ground at all-time highs after volume-driven gains, extended from its prior base. Prior highs in the $48 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Breakaway Gap Backed With 8 Times Average Volume - 4/9/2015
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C
A N
S L
I M
|
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
|
$66.61
|
-1.20
-1.77% |
$67.46
|
414,676
95.55% of 50 DAV
50 DAV is 434,000
|
$70.49
-5.50%
|
3/27/2015
|
$61.97
|
PP = $63.60
|
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MB = $66.78
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Most Recent Note - 4/17/2015 6:50:54 PM
Y - Pulled back today with average volume to finish just below its "max buy" level and its color code is changed to yellow. Prior highs in the $63.50 area define near-term support above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Fresh Breakout Again Had Look of Institutional Demand - 4/7/2015
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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 |
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
|
$80.78
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-1.54
-1.86% |
$82.11
|
24,186,768
101.63% of 50 DAV
50 DAV is 23,798,000
|
$86.07
-6.15%
|
2/20/2015
|
$81.79
|
PP = $78.47
|
|
MB = $82.39
|
Most Recent Note - 4/17/2015 6:53:49 PM
Y - Color code is changed to yellow as it pulled back below its "max buy" level and below prior resistance in the $82 area, retreating near its 50 DMA line ($80.10). A subsequent violation would raise concerns an trigger a technical sell signal
>>> FEATURED STOCK ARTICLE : Pullback Near Previously Stubborn Resistance - 3/31/2015
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$191.16
|
-1.86
-0.96% |
$192.27
|
1,083,169
116.47% of 50 DAV
50 DAV is 930,000
|
$213.33
-10.39%
|
12/30/2014
|
$186.26
|
PP = $196.00
|
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MB = $205.80
|
Most Recent Note - 4/15/2015 5:54:37 PM
G - Found support at its 200 DMA line, but gains have lacked great volume conviction. Its Relative Strength rating, now 79, remains below the 80+ minimum guideline for buy candidates. Needs gains above the 50 DMA line for its outlook to improve. Due to report earnings on Tuesday. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Earnings Report Due Next Week May Generate Volatility - 4/15/2015
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C
A N
S L
I M
|
JLL
-
NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen
|
$163.45
|
-2.53
-1.52% |
$165.65
|
247,169
89.88% of 50 DAV
50 DAV is 275,000
|
$172.09
-5.02%
|
2/3/2015
|
$156.95
|
PP = $154.66
|
|
MB = $162.39
|
Most Recent Note - 4/17/2015 6:47:01 PM
G - Pulled back today testing its 50 DMA line ($163.25). More damaging losses would raise concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Holding Ground After Rally For New Highs - 4/6/2015
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C
A N
S L
I M
|
LNKD
-
NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers
|
$253.75
|
-3.32
-1.29% |
$257.06
|
1,118,023
76.37% of 50 DAV
50 DAV is 1,464,000
|
$276.18
-8.12%
|
4/10/2015
|
$263.45
|
PP = $276.28
|
|
MB = $290.09
|
Most Recent Note - 4/17/2015 6:48:46 PM
G - Quietly slumped below its 50 DMA line this week and its color code is changed to green. A rebound above that important short-term average is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Technical Stance - 4/10/2015
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C
A N
S L
I M
|
NXPI
-
NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line
|
$99.73
|
-1.90
-1.87% |
$100.77
|
2,072,708
56.14% of 50 DAV
50 DAV is 3,692,000
|
$108.50
-8.08%
|
4/15/2015
|
$100.75
|
PP = $108.60
|
|
MB = $114.03
|
Most Recent Note - 4/16/2015 5:23:50 PM
Y - With volume totals cooling while consolidating a new pivot point was cited based on its 3/23/15 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. The 50 DMA line defines important near-term support to watch above the recent lows. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Forming New Base Above 50-Day Moving Average Line - 4/16/2015
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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 |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$142.50
|
-4.29
-2.92% |
$145.67
|
1,271,393
91.07% of 50 DAV
50 DAV is 1,396,000
|
$150.44
-5.28%
|
3/27/2015
|
$146.44
|
PP = $149.45
|
|
MB = $156.92
|
Most Recent Note - 4/17/2015 6:39:32 PM
Y - Pulled back near its 50 DMA line ($140.97) with a loss today on near average volume. That important short-term average and recent lows near $134 define near term support where subsequent violations would raise concerns and trigger technical sell signals. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Line - 4/17/2015
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C
A N
S L
I M
|
QLYS
-
NASDAQ
Qualys Inc
Computer Sftwr-Security
|
$50.27
|
-1.14
-2.22% |
$50.90
|
529,718
113.92% of 50 DAV
50 DAV is 465,000
|
$54.09
-7.06%
|
4/8/2015
|
$52.04
|
PP = $50.10
|
|
MB = $52.61
|
Most Recent Note - 4/17/2015 6:41:20 PM
Y - Pulled back near its pivot point with a small gap down today. Testing prior highs near $50 which define initial support to watch above its 50 DMA ($46.92) line.
>>> FEATURED STOCK ARTICLE : Volume Driven Gain From Flat Base Triggered New Technical Buy Signal - 4/8/2015
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C
A N
S L
I M
|
REIS
-
NASDAQ
Reis Inc
Real Estate Dvlpmt/Ops
|
$26.00
|
+0.27
1.05% |
$26.84
|
48,680
162.27% of 50 DAV
50 DAV is 30,000
|
$28.82
-9.78%
|
3/16/2015
|
$25.65
|
PP = $26.64
|
|
MB = $27.97
|
Most Recent Note - 4/17/2015 6:43:38 PM
Y - Rallied from support at its 50 DMA line ($25.17) with a gain today backed by above average volume. Little resistance remains due to overhead supply. Members were repeatedly reminded - "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
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C
A N
S L
I M
|
VRX
-
NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other
|
$205.32
|
-2.04
-0.98% |
$207.41
|
1,485,122
47.13% of 50 DAV
50 DAV is 3,151,000
|
$211.57
-2.95%
|
1/5/2015
|
$144.84
|
PP = $149.90
|
|
MB = $157.40
|
Most Recent Note - 4/14/2015 8:18:48 PM
G - Perched at all-time highs. Stubbornly held its ground after completing a new Public Offering on 3/17/15. Earnings for Dec '14 quarter raised concerns. Recent low ($186.20 on 3/11/15) and its 50 DMA line define near-term support to watch. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High But Concerns Remain After Sub Par Quarter - 4/14/2015
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A N
S L
I M
|
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|
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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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