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AFTER MARKET UPDATE - TUESDAY, MAY 12TH, 2015
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DOW |
-36.94 |
18,068.23 |
-0.20% |
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Volume |
691,906,720 |
+2% |
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Volume |
1,580,221,890 |
-1% |
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NASDAQ |
-17.38 |
4,976.19 |
-0.35% |
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Advancers |
1,371 |
43% |
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Advancers |
1,221 |
40% |
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S&P 500 |
-6.21 |
2,099.12 |
-0.29% |
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Decliners |
1,688 |
53% |
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Decliners |
1,707 |
56% |
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Russell 2000 |
-2.70 |
1,233.13 |
-0.22% |
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52 Wk Highs |
36 |
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52 Wk Highs |
59 |
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S&P 600 |
-2.19 |
708.93 |
-0.31% |
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52 Wk Lows |
73 |
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52 Wk Lows |
59 |
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Leadership Waned While Major Averages Fell But Recovered From Early Lows
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks finished lower on Tuesday. The Dow lost 36 points to 18,068. The S&P 500 declined 6 points to 2,099. The NASDAQ slid 17 points to 4,976. The volume totals were reported lighter than the prior session totals on the Nasdaq exchange and higher on the NYSE. Decliners led advancers by a 5-4 margin on the NYSE and by 4-3 on the Nasdaq exchange. Leadership waned as there were 29 high-ranked companies from the Leaders List that made new 52-week highs and appeared on the BreakOuts Page, down from the prior session total of 45 stocks. New 52-week lows outnumbered new 52-week highs on the NYSE while the mix was even on the Nasdaq exchange. There were gains for 3 of the 11 high-ranked companies currently on the Featured Stocks Page.
Concerning the M criteria, according to the newspaper the market earned the label of being in a "correction" following Wednesday's action - due to distributional action in the major indices and waning leadership (fewer stocks hitting new 52-week highs). New buying efforts should be avoided until a new confirmed rally with a follow-through day under the guidelines the fact-based investment system.
PICTURED: The Nasdaq Composite Index is consolidating above its 50-day moving average (DMA) line and above prior lows defining the next chart support level.
The major averages pared losses on increased M&A activity and higher oil prices. Eight of 10 S&P 500 sectors were down, with materials and tech underperforming. International Flavors & Fragrances (IFF -4.11%) and Rackspace (RAX -13.5%) tumbled after missing quarterly projections and lowering forward guidance. In health care, Eli Lilly (LLY -1.40%) finished lower. Energy companies jumped in sympathy with oil prices. Exxon Mobil (XOM +0.28%) edged higher.
In M&A, Verizon (VZ -0.36%) pulled back after agreeing to acquire AOL (AOL +18.62%) for $4.4 billion. Pall Corp (PLL +19.4%) surged amid speculation the company may have a buyer.
Economic data for April showed a rebound in small business optimism, and a surprisingly large Treasury Department surplus.
Treasuries reversed course as value hunting made the scene. A $24 billion auction of three-year notes drew strong demand, pushing the security up 1/32 to yield 0.98%. The 10-year note gained 6/32 to yield 2.26%.
Commodities were mostly higher. WTI crude rallied 2.1% to $60.50/barrel on a positive DoE outlook. COMEX gold advanced 0.8% to $1192.40/ounce. In FOREX, the dollar ebbed 0.5% with the euro up 0.5% to $1.1214/EUR and the yen 0.2% stronger to ¥119.86/USD
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for archives to all prior pay reports published.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Bank, Gold & Silver and Oil Services Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +4.92%) was a standout gainer but the Broker/Dealer Index ($XBD -0.98%) fell on Tuesday. The Networking Index ($NWX -0.45%) and the Semiconductor Index ($SOX -0.87%) both ended lower while the Biotechnology Index ($BTK +0.10%) eked out a tiny gain. The Retail Index ($RLX -0.18%) finished with small loss. The Gold & Silver Index ($XAU +1.02%) was higher, and energy-related shares has a positive bias as the Oil Services Index ($OSX +1.18%) rallied but the Integrated Oil Index ($XOI +0.04%) finished flat.
Charts courtesy www.stockcharts.com
![]() 
PICTURED: The Semiconductor Index ($SOX -0.87%) fell on Tuesday. It recently met resistance at its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
221.76 |
+2.59 |
+1.18% |
+5.16% |
| Integrated Oil |
$XOI |
1,380.06 |
+0.51 |
+0.04% |
+2.37% |
| Semiconductor |
$SOX |
696.18 |
-6.13 |
-0.87% |
+1.36% |
| Networking |
$NWX |
385.01 |
-1.73 |
-0.45% |
+7.56% |
| Broker/Dealer |
$XBD |
192.24 |
-1.90 |
-0.98% |
+4.12% |
| Retail |
$RLX |
1,148.13 |
-2.08 |
-0.18% |
+11.17% |
| Gold & Silver |
$XAU |
73.53 |
+0.75 |
+1.03% |
+6.91% |
| Bank |
$BKX |
75.23 |
+3.53 |
+4.92% |
+1.31% |
| Biotech |
$BTK |
3,995.55 |
+3.85 |
+0.10% |
+16.18% |
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Did Not Trigger New Buy Signal But Found Support Near 50 Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Ambarella Corporation's (AMBA +$0.94 or +1.31% to $72.78) volume-totals have been below average while consolidating and finding support at its 50-day moving average (DMA) line ($71.73). Subsequent damaging losses leading to violations of the 50 DMA line or prior lows ($68.30 on 4/28/15) would raise concerns and trigger technical sell signals.
On 5/01/15 a new pivot point was cited based on its 3/31/15 high plus 10 cents. Volume-driven gains above the pivot point cited are still needed to trigger a new (or add-on) technical buy signal.
The high-ranked Electronics - Semiconductor firm was last shown in this FSU section on 4/20/15 with annotated graphs under the headline, "Perched at All-Time High, Extended From Prior Base".
It reported earnings increases of +42%, 84%, and +162% in the Jul, Oct '14 and Jan '15 quarterly comparisons versus the year-ago periods, respectively. Sales revenues during that span rose +25%, +43%, and +62%, show impressive sales revenues and earnings acceleration in sequential quarterly comparisons. 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 237 in Mar '15, a reassuring indication concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 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 | AKAM - NASDAQ
Akamai Technologies Inc
INTERNET - Internet Software and Services | $75.97 | -0.13
-0.17% | $76.05 | 1,146,222
76.98% of 50 DAV
50 DAV is 1,489,000 | $77.31
-1.73%
| 4/20/2015 | $73.53 | PP = $73.63 | | MB = $77.31 |  Most Recent Note - 5/12/2015 10:34:06 PM
G - 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 : Fundamental Flaw Arose After Sub Par Earnings News - 5/6/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | AMBA - NASDAQ
Ambarella Inc
ELECTRONICS - Semiconductor - Specialized | $72.90 | +1.07
1.48% | $73.30 | 897,569
56.66% of 50 DAV
50 DAV is 1,584,000 | $77.80
-6.30%
| 5/1/2015 | $75.99 | PP = $77.49 | | MB = $81.36 | Most Recent Note - 5/12/2015 10:13:53 PM
Y - Consolidating just above its 50 DMA line. Subsequent damaging losses leading to violations of the 50 DMA line or prior lows ($68.30 on 4/28/15) would raise concerns and trigger technical sell signals. Volume-driven gains above the pivot point are still needed to trigger a new (or add-on) technical buy signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Did Not Trigger New Buy Signal But Found Support Near 50 Day Moving Average - 5/12/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | APOG - NASDAQ
Apogee Enterprises
MATERIALS and CONSTRUCTION - General Building Materials | $54.50 | +0.14
0.26% | $54.81 | 182,894
75.89% of 50 DAV
50 DAV is 241,000 | $55.36
-1.55%
| 4/9/2015 | $49.58 | PP = $48.13 | | MB = $50.54 | Most Recent Note - 5/6/2015 6:48:30 PM
G - Volume totals have been cooling while consolidating, extended from its prior base. Prior highs in the $48 area and its 50 DMA line coincide defining important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched Near Its All-Time High, Extended From Prior Base - 5/5/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | EPAM - NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service | $64.11 | +0.01
0.02% | $64.50 | 370,071
83.92% of 50 DAV
50 DAV is 441,000 | $70.49
-9.05%
| 3/27/2015 | $61.97 | PP = $63.60 | | MB = $66.78 | Most Recent Note - 5/11/2015 6:29:52 PM
G - Sank near its 50 DMA line ($64.07) with a loss on higher volume today. More damaging losses would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Consolidating Following Latest Volume-Driven Breakout - 4/28/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | FLT - NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services | $153.04 | -0.60
-0.39% | $154.10 | 329,756
56.91% of 50 DAV
50 DAV is 579,400 | $165.67
-7.62%
| 5/1/2015 | $155.23 | PP = $160.50 | | MB = $168.53 | Most Recent Note - 5/12/2015 10:32:33 PM
G - Still sputtering below its 50 DMA line which recently acted as resistance. A rebound above the 50 DMA line would help its outlook improve. Technically, it broke out on 4/23/15 with a volume-driven gain for new highs, and healthy stocks rarely fall more than -7% below their pivot point in favorable market environments. Reported earnings +29% on +64% sales revenues for the Mar '15 quarter.
>>> FEATURED STOCK ARTICLE : Testing Support at 50-Day Moving Average Line - 5/1/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note 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 | GSBC - NASDAQ
Great Southern Bancorp
BANKING - Savings and Loans | $39.34 | -0.09
-0.23% | $39.57 | 26,733
89.11% of 50 DAV
50 DAV is 30,000 | $41.41
-5.00%
| 4/27/2015 | $40.94 | PP = $40.54 | | MB = $42.57 | Most Recent Note - 5/12/2015 10:25:17 PM
Y - Consolidating above its 50 DMA line ($38.77/strong>) and above recent lows defining near-term support. 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 | Company Profile | SEC News | Chart | Request a new note C A N S L I M | JLL - NYSE
Jones Lang Lasalle Inc
REAL ESTATE - Property Management/Developmen | $161.10 | -2.26
-1.38% | $162.36 | 412,978
146.45% of 50 DAV
50 DAV is 282,000 | $174.83
-7.85%
| 2/3/2015 | $156.95 | PP = $154.66 | | MB = $162.39 | Most Recent Note - 5/11/2015 6:41:07 PM
G - Halted its slide after a 50 DMA line violation last week triggered a technical sell signal. The 50 DMA line acted as resistance, meanwhile, a rebound above that important short-term average would help its outlook. Earnings rose +147% on +16% sales revenues for the Mar '15 quarter.
>>> FEATURED STOCK ARTICLE : Found Support Again at 50-Day Moving Average Line - 4/24/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | NXPI - NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line | $101.78 | -1.79
-1.73% | $104.19 | 2,286,646
60.62% of 50 DAV
50 DAV is 3,772,000 | $108.50
-6.19%
| 4/15/2015 | $100.75 | PP = $108.60 | | MB = $114.03 | Most Recent Note - 5/12/2015 10:27:22 PM
Y - Consolidating just above its 50 DMA line with losses on lighter volume. Little overhead supply remains up through the $108 level. Recent lows near $93.50 define important chart support where more damaging losses may raise concerns and trigger worrisome technical sell signals.
>>> FEATURED STOCK ARTICLE : Rallied Toward Prior Highs Following Earnings News - 5/8/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | PANW - NYSE
Palo Alto Networks
Computer Sftwr-Security | $151.67 | -0.15
-0.10% | $152.41 | 832,025
58.76% of 50 DAV
50 DAV is 1,416,000 | $158.24
-4.15%
| 3/27/2015 | $146.44 | PP = $149.45 | | MB = $156.92 | Most Recent Note - 5/11/2015 6:25:32 PM
Y - Its 50 DMA line ($146.08) acted as support during its ongoing advance. 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. See the latest FSU analysis for additional details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average During Ongoing Ascent - 5/11/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A N S L I M | SWKS - NASDAQ
Skyworks Solutions Inc
ELECTRONICS - Semiconductor - Integrated Cir | $96.79 | -0.24
-0.25% | $97.40 | 2,022,146
41.78% of 50 DAV
50 DAV is 4,840,000 | $102.77
-5.82%
| 5/1/2015 | $97.51 | PP = $102.87 | | MB = $108.01 | Most Recent Note - 5/11/2015 6:28:16 PM
Y - Sputtering above its 50 DMA line ($95.77) while still building on a riskier "late-stage" base pattern. Its color code is yellow, and subsequent volume-driven gains above the pivot point are still needed to trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Found Prompt Support at 50-Day Moving Average Line - 5/4/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note 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 | VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other | $222.96 | -0.83
-0.37% | $223.75 | 1,691,380
70.65% of 50 DAV
50 DAV is 2,394,000 | $227.76
-2.11%
| 1/5/2015 | $144.84 | PP = $149.90 | | MB = $157.40 | Most Recent Note - 5/7/2015 8:58:15 PM
G - Perched near all-time highs after 4 consecutive volume-driven gains. 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). See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Perched at All-Time High Following Volume-Driven Gains - 5/7/2015 View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C 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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