Help Lines 954-785-1121
 


You are not logged in. Upgrade Here
 <<<Previous Mid Day Report     Next Mid Day Report >>> 
 <<<Previous After Market Report Next After Market Report >>> 
You are not logged in.
This means you CAN ONLY VIEW reports that were published prior to Tuesday, September 3, 2024.
You MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.

AFTER MARKET UPDATE - THURSDAY, APRIL 30TH, 2015
Previous After Market Report Next After Market Report >>>
Indices NYSE Nasdaq
DOW  -195.01 17,840.52 -1.08% Volume 1,053,710,790 +24% Volume 2,083,271,940 +20%
NASDAQ -82.22 4,941.42 -1.64% Advancers 698 22% Advancers 679 20%
S&P 500 -21.34 2,085.51 -1.01% Decliners 2,375 75% Decliners 2,700 78%
Russell 2000 -26.83 1,220.13 -2.15% 52 Wk Highs 44   52 Wk Highs 48  
S&P 600 -13.74 702.97 -1.92% 52 Wk Lows 58   52 Wk Lows 94  

Volume Increased and Breadth Turned Negative on Market Pullback

For the month the major averages pared gains to +0.4% for the Dow, +0.9% for the S&P 500, and +0.8% for the NASDAQ. Stocks retreated on Thursday. The S&P 500 declined 21 points to 2,085. The NASDAQ fell 82 points to 4,941. The volume totals were reported higher than the prior session totals on the Nasdaq exchange and on the NYSE, a sign of distributional pressure. Breadth was clearly negative as decliners led advancers by a 4-1 margin on the Nasdaq exchange and more than 3-1 on the NYSE.  Leadership waned as there were 18 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, about half the prior session total of 35 stocks. The new 52-week lows list expanded and outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. There were gains for only 2 of the 13 high-ranked companies currently on the Featured Stocks Page.

Concerning the M criteria, the major averages are enduring distributional pressure and leadership (stocks hitting new 52-week highs) has again 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 Dow lost 195 points to 17,840, slumping back below its 50-day moving average (DMA) line.

The major averages consolidated amid mixed economic data and earnings. While first-quarter wages gained, personal spending and income in March failed to impress analysts. Manufacturing data was a wash, as a pickup in Chicago-area sentiment was offset by a drop in Milwaukee's gauge. However, jobless claims last week surprisingly fell 34,000 to 262,000.

All 10 S&P 500 sectors finished lower, driven by earnings. Tech stocks were the worst performers, as Nokia's (NOK -12.15%) profit tally disappointments sent shares down and problems with Apple's (AAPL -2.71%) iWatch led to a pullback. Yelp Inc (YELP -23.19%) tumbled and, after the close, LinkedIn (LNKD -1.95%) traded considerably lower (-21.7%) on earnings misses for both. Energy was a relative bright spot. Amid strong earnings and a lift in oil prices, Exxon Mobil (XOM -0.57%) edged lower.

Treasuries reversed course. The benchmark 10-year note rose 2/32 to yield 2.03%.

Commodities were mixed. WTI crude advance 1.7% to $59.59/barrel and natural gas jumped 5% to $2.74/MMBtu on slowed inventory builds. COMEX gold lost 2.3% to $1182.70/ounce. In FOREX, the dollar was little changed, as the euro jumped 0.8% to $1.1220/EUR and the yen weakened 0.3% to ¥1119.43/USD.

According to Bloomberg, the probability of the Fed Funds reaching 0.25% by the Fed's June meeting rose to 58%.

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.


Oil Services Index Rose Amid Widespread Losses

The Broker/Dealer Index ($XBD -2.30%) led financials lower while the Bank Index ($BKX -0.37%) suffered a smaller loss, and weakness from the Retail Index ($RLX -1.13%) also created a drag on the major averages. The Oil Services Index ($OSX +1.67%) was a standout gainer on Thursday, meanwhile, the Integrated Oil Index ($XOI -0.85%) fell. The Gold & Silver Index ($XAU -2.46%) also slumped and was among the session's worst decliners. The Biotechnology Index ($BTK -2.99%) led the tech sector's retreat while the Networking Index ($NWX -1.72%) and the Semiconductor Index ($SOX -0.85%) also lost ground.

Charts courtesy www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX -0.85%) is slumping below its 50-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  222.58 +3.66 +1.67% +5.55%
Integrated Oil $XOI  1,427.15 -12.20 -0.85% +5.86%
Semiconductor $SOX  686.29 -5.90 -0.85% -0.08%
Networking $NWX  374.71 -6.57 -1.72% +4.69%
Broker/Dealer $XBD  190.06 -4.47 -2.30% +2.94%
Retail $RLX  1,118.68 -12.78 -1.13% +8.32%
Gold & Silver $XAU  72.87 -1.84 -2.46% +5.95%
Bank $BKX  73.69 -0.27 -0.37% -0.77%
Biotech $BTK  3,763.38 -116.16 -2.99% +9.43%


Damaging Distributional Action After 50-Day Average Acted as Resistance

Linkedin Corp (LNKD -$5.02 or -1.95% to $252.13) sank further below its 50-day moving average (DMA) line and ended weak today, suffering a damaging loss on heavy volume indicative of distributional pressure. A convincing rebound above that important short-term average is needed to help its outlook to improve. After the close, it reported Mar '15 earnings and gave disappointing forward-looking guidance. In after-hours trading shares changed hands at prices well below prior lows in the $245 area which would define the next important support level, triggering worrisome technical sell signals. It will be dropped from the Featured Stocks list tonight.

LNKD was last shown in this FSU section on 4/10/15 with annotated graphs under the headline, "Rebound Above 50-Day Moving Average Helped Technical Stance". Subsequent losses soon led to a slump below the 50 DMA line, and afterward that short-term average acted as resistance. It really made no meaningful progress since the considerable "breakaway gap" noted in the 2/06/15 mid-day report (read here).

It reported earnings +56% on +44% sales revenues for the Dec '14 quarter. That marked its 3rd consecutive quarter with earnings above the +25% minimum guideline (C criteria), following sub par Dec '13 and Mar '14 earnings results. It has maintained a strong annual earnings (A criteria) history. The high-ranked leader from the Internet - Content group's Return On Equity of 9% is still below the 17% guideline, which is a minor concern. Ownership by top-rated funds has been on the rise from 874 in Jun '14 to 1,117 in Mar '15, an encouraging 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
AKAM - NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services  
$73.78 -1.35
-1.80%

$74.91

2,280,975
153.81% of 50 DAV
50 DAV is 1,483,000
$77.31
-4.57%
4/20/2015 $73.53 PP = $73.63
MB = $77.31
Most Recent Note - 4/29/2015 12:06:47 PM
G - Color code is changed to green as concerned were raised after gapping down today, a 2nd consecutive loss with above average volume while retreating from its 52-week high. Reported earnings +5% on +16% sales revenues for the Mar '15 quarter, below the +25% minimum earnings guideline (C criteria), a fundamental flaw making it a less favorable buy candidate. Prior reports cautioned - "It did not produce gains above the pivot point backed by at least the +40% above average volume necessary to trigger a new (or add-on) technical buy signal. Its 50 DMA line defines near-term support to watch."
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Above 50-Day Moving Average Line - 4/13/2015
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  
$73.15 -2.22
-2.95%

$75.36

1,003,359
60.37% of 50 DAV
50 DAV is 1,662,000
$77.39
-5.48%
3/2/2015 $60.54 PP = $63.30
MB = $66.47
Most Recent Note - 4/29/2015 5:26:42 PM
Y - Challenged its 52-week high with today's big gain on higher (near average) volume. It still has not formed a sound new base of sufficient length. Found support when recently consolidating above its 50 DMA line ($68.54) defining important near term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High, Extended From Prior Base - 4/20/2015
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
APOG - NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials  
$52.62 -0.52
-0.98%

$53.77

286,013
126.00% of 50 DAV
50 DAV is 227,000
$55.01
-4.34%
4/9/2015 $49.58 PP = $48.13
MB = $50.54
Most Recent Note - 4/27/2015 6:29:06 PM
G - Ended with a loss on above average volume after erasing an early gain today. It is 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
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  
$64.71 -1.15
-1.75%

$66.49

280,842
66.24% of 50 DAV
50 DAV is 424,000
$70.49
-8.20%
3/27/2015 $61.97 PP = $63.60
MB = $66.78
Most Recent Note - 4/28/2015 6:04:05 PM
G - Color code is changed to green after rebounding back above its "max buy" level with today's gain on below average volume. Prior highs in the $63.50 area define near-term support above its 50 DMA line ($62.53). See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Consolidating Following Latest Volume-Driven Breakout - 4/28/2015
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  
$78.77 -1.70
-2.11%

$80.96

28,956,298
109.34% of 50 DAV
50 DAV is 26,483,200
$86.07
-8.48%
2/20/2015 $81.79 PP = $78.47
MB = $82.39
Most Recent Note - 4/30/2015 6:08:49 PM
Slumped further below its 50 DMA line today and its Relative Strength rating has slumped to 73, below the 80+ minimum guideline for buy candidates. Recently reported earnings +20% on +42% sales revenues for the Mar '15 quarter, below the +25% minimum earnings guideline (C criteria) of the fact-based investment system, raising fundamental concerns. It will be dropped from the Featured Stocks list tonight.
>>> FEATURED STOCK ARTICLE : Rebounded Above "Max Buy" Level After Pullback Near 50 Day Average - 4/21/2015
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
GSBC - NASDAQ
Great Southern Bancorp
BANKING - Savings and Loans  
$39.42 -1.23
-3.03%

$40.72

46,082
135.54% of 50 DAV
50 DAV is 34,000
$41.41
-4.81%
4/27/2015 $40.94 PP = $40.54
MB = $42.57
Most Recent Note - 4/30/2015 6:02:11 PM
Y - Retreated below its pivot point with a loss today on higher volume raising some concerns. Triggered a technical buy signal on 4/28/15 with a gain above its pivot point backed by +47% above average volume. Disciplined investors always limit losses if a stock falls more than -7% from their purchase price. Annual earnings (A criteria) have not been strong and steady.
>>> FEATURED STOCK ARTICLE : Distributional Action Today and Annual Earnings History a Concerrn - 4/27/2015
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
JLL - NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen  
$166.06 -2.37
-1.41%

$168.46

344,179
127.95% of 50 DAV
50 DAV is 269,000
$174.83
-5.02%
2/3/2015 $156.95 PP = $154.66
MB = $162.39
Most Recent Note - 4/29/2015 5:34:28 PM
G - Pulled back with above average volume today after hitting a new all-time high on the prior session with a gap up and volume-driven gain. Earnings rose +147% on +16% sales revenues for the Mar '15 quarter. It did not form a sound base of sufficient length recently.
>>> FEATURED STOCK ARTICLE : Found Support Again at 50-Day Moving Average Line - 4/24/2015
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
LNKD - NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers  
$252.13 -5.02
-1.95%

$256.78

5,931,541
506.10% of 50 DAV
50 DAV is 1,172,000
$276.18
-8.71%
4/10/2015 $263.45 PP = $276.28
MB = $290.09
Most Recent Note - 4/30/2015 5:42:14 PM
Slumped further below its 50 DMA line with a volume-driven loss today and it will be dropped from the Featured Stocks list tonight. Reported Mar '15 earnings and gave disappointing forward-looking guidance after the close. It will be dropped from the Featured Stocks list tonight. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Damaging Distributional Action After 50-Day Average Acted as Resistance - 4/30/2015
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
NXPI - NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line  
$96.12 +0.70
0.73%

$99.84

6,248,087
177.75% of 50 DAV
50 DAV is 3,515,000
$108.50
-11.41%
4/15/2015 $100.75 PP = $108.60
MB = $114.03
Most Recent Note - 4/30/2015 12:43:59 PM
G - Rebounding today, however its 50 DMA line ($98.30) may act as resistance. It also faces overhead supply up through the $108 level which may act as resistance. Recent lows near $93.50 and its $93.05 low on 3/26/15 define important chart support where more damaging losses may raise concerns and trigger worrisome technical sell signals.
>>> FEATURED STOCK ARTICLE : Forming New Base Above 50-Day Moving Average Line - 4/16/2015
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  
$147.72 -4.30
-2.83%

$153.18

1,114,427
76.96% of 50 DAV
50 DAV is 1,448,000
$158.24
-6.65%
3/27/2015 $146.44 PP = $149.45
MB = $156.92
Most Recent Note - 4/30/2015 6:06:15 PM
Y - Undercut prior highs near $150 today raising some concerns while retreating toward its 50 DMA line ($144.77). Volume totals have been below average while consolidating since triggering a new technical buy signal with a volume-driven gain on 4/21/15. Subsequent damaging losses below the 50 DMA line may trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Line - 4/17/2015
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
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  
$49.52 -2.57
-4.93%

$51.76

562,039
137.42% of 50 DAV
50 DAV is 409,000
$54.89
-9.78%
4/8/2015 $52.04 PP = $50.10
MB = $52.61
Most Recent Note - 4/30/2015 5:59:25 PM
Y - Pulled back on higher volume for a 5th consecutive loss today, closing near the session low while retreating below its pivot point raising concerns. During recent consolidation it found support near prior highs in the $50 area and well above its 50 DMA line. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Quiet Consolidation Within 5% of Prior Pivot Point - 4/29/2015
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  
$22.73 -3.06
-11.87%

$25.50

143,496
478.32% of 50 DAV
50 DAV is 30,000
$28.82
-21.13%
3/16/2015 $25.65 PP = $26.64
MB = $27.97
Most Recent Note - 4/30/2015 5:57:08 PM
Violated its 50 DMA and 200 DMA lines with today's considerable volume-driven loss triggering technical sell signals. Reported earnings +22% on +12% sales revenues for the Mar '15 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. After featured on 3/16/15 is did not produce a gain above the pivot point backed by at least +40% above average volume to trigger a convincing technical buy signal. It will be dropped from the Featured Stocks list tonight.
>>> FEATURED STOCK ARTICLE : Finding Support at 50-Day Moving Average - 4/23/2015
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
VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$216.93 +2.87
1.34%

$227.76

4,262,855
132.55% of 50 DAV
50 DAV is 3,216,000
$214.75
1.02%
1/5/2015 $144.84 PP = $149.90
MB = $157.40
Most Recent Note - 4/30/2015 1:06:33 PM
G - Tallying gains with above average volume for new all-time highs. Found prompt support its 50 DMA line recently but it did not form a sound base. Completed a new Public Offering on 3/17/15. Reported earnings +34% on +16% sales revenues for the Mar '15 quarter, an improvement after Dec '14 earnings below the +25% minimum guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Perched at All-Time High But Concerns Remain After Sub Par Quarter - 4/14/2015
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.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time.  Questions or comments may be submitted by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307 or 954-785-1121.

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.

Copyright © 1996-2024 Gruneisen Growth Corp. All rights reserved. Protected by the copyright laws of the United States and Canada and by international treaties

Privacy Policy | Terms of Use | Contact Us