You are not logged in.
This means you
CAN ONLY VIEW reports that were published prior to Sunday, October 20, 2024.
You
MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.
AFTER MARKET UPDATE - TUESDAY, JUNE 17TH, 2014
Previous After Market Report Next After Market Report >>>
|
|
|
|
DOW |
+27.48 |
16,808.49 |
+0.16% |
|
Volume |
585,641,950 |
-1% |
|
Volume |
1,680,940,820 |
+8% |
|
NASDAQ |
+16.12 |
4,337.23 |
+0.37% |
|
Advancers |
1,908 |
60% |
|
Advancers |
1,924 |
67% |
|
S&P 500 |
+4.21 |
1,941.99 |
+0.22% |
|
Decliners |
1,138 |
36% |
|
Decliners |
846 |
29% |
|
Russell 2000 |
+9.80 |
1,176.62 |
+0.84% |
|
52 Wk Highs |
146 |
|
|
52 Wk Highs |
95 |
|
|
S&P 600 |
+5.56 |
673.58 |
+0.83% |
|
52 Wk Lows |
11 |
|
|
52 Wk Lows |
22 |
|
|
 |
Breadth Positive as Major Averages Edged Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For Tuesday's session the Dow Jones Industrial Average was up 27 points to 16,808. The S&P 500 Index gained 4 points to 1,941. The Nasdaq Composite Index advanced 16 points to 4,337. The volume was reported higher than the prior session total on the Nasdaq exchange and volume was reported slightly lighter on the NYSE. Advancers led decliners by a 3-2 margin on the NYSE and by more than 2-1 on the Nasdaq exchange. Leadership expanded as there were 48 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 total of 38 stocks on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and Nasdaq exchange. There were gains for 6 of the 10 high-ranked companies currently included on the Featured Stocks Page. The S&P 500 Index and Dow Jones Industrial Average recently surged into new high territory with healthy leadership (new 52-week highs) sending a reassuring signal that the market direction (M criteria) is in a "confirmed uptrend". Any new buying efforts should be selective and focused in stocks meeting all key criteria of the fact-based investment system.
PICTURED: The tech-heavy Nasdaq Composite Index is currently perched -0.8% off its 2014 high.
The major averages finished higher ahead of the conclusion of the Fed's policy meeting on Wednesday. Expectations are the central bank will trim its monthly bond purchases by another $10 billion to $35 billion. Market action was choppy in early trading following a round of disappointing economic data. Before the open, a gauge of inflation showed consumer prices rose +0.4% in May, more than a projected +0.2% increase. Home builder D.R. Horton (DHI -0.97%) fell after reports revealed housing starts fell -6.5% and building permit declined -6.4% last month. Investors also spent the session monitoring the situations in Iraq and Ukraine.
Six of 10 sectors in the S&P 500 were up on the session. Financials were the best performing group as Charles Schwab (SCHW +5.5%) and Bank of America (BAC +2.03%) rose. Tech also helped lift the market with software maker Salesforce.com (CRM +5.88%) rallying. Energy and utilities were down the most as Exxon (XOM -0.49%) and Duke Energy (DUK -0.58%) fell.
Treasuries retreated with benchmark 10-year notes falling 15/32 to yield 2.65%.
The CANSLIM.net Featured Stocks Page shows the most action-worthy candidates and their latest notes and a Headline Link directs members to the latest detailed analysis with data-packed graphs annotated by a Certified expert along with links to additional resources. The Premium Member Homepage includes "dynamic archives" to all prior pay reports published. Watch for an announcement via email concerning the next WEBCAST.
|
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 Semiconductor Indexes Led Positive Groups
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The financial group was a positive influence on the major averages as the Broker/Dealer Index ($XBD +2.47%) outpaced the Bank Index ($BKX +1.25%). The Retail Index ($RLX +0.54%) edged higher. The Semiconductor Index ($SOX +0.72%) led the tech sector as it outpaced the Networking Index ($NWX +0.23%), meanwhile the Biotechnology Index ($BTK -0.51%) lost ground. The Integrated Oil Index ($XOI -0.15%) and the Oil Services Index ($OSX -0.10%) edged lower. The Gold & Silver Index ($XAU +0.54%) posted a modest gain.
Charts courtesy www.stockcharts.com
PICTURED: The Semiconductor Index ($SOX +0.72%) is perched at its 2014 high after tallying 18 gains in the span of 19 trading sessions.
| Oil Services |
$OSX |
298.59 |
-0.31 |
-0.10% |
+6.25% |
| Integrated Oil |
$XOI |
1,675.88 |
-2.54 |
-0.15% |
+11.49% |
| Semiconductor |
$SOX |
635.50 |
+4.57 |
+0.72% |
+18.78% |
| Networking |
$NWX |
339.79 |
+0.78 |
+0.23% |
+4.89% |
| Broker/Dealer |
$XBD |
160.63 |
+3.88 |
+2.47% |
+0.05% |
| Retail |
$RLX |
884.49 |
+4.75 |
+0.54% |
-5.89% |
| Gold & Silver |
$XAU |
92.39 |
+0.50 |
+0.54% |
+9.79% |
| Bank |
$BKX |
71.09 |
+0.88 |
+1.25% |
+2.64% |
| Biotech |
$BTK |
2,706.35 |
-13.77 |
-0.51% |
+16.13% |
|
|
|
 |
Consolidating Just Below "Max Buy" Level
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Grifols Sa Ads (GRFS +$0.39 or +0.87% to $45.35) is still consolidating below its "max buy" level with volume totals cooling following its technical breakout. Its old resistance level, prior highs near $43 area, defines important initial support to watch on pullbacks. Disciplined investors avoid chasing stocks extended more than +5% above their prior highs and they always limit losses by selling any stock that falls more than -7% from their purchase price.
This Spanish firm from the Medical- Ethical Drugs industry has no resistance remaining due to overhead supply. It was first highlighted in yellow at $41.14 with pivot point cited based on its 3/11/14 high plus 10 cents in the 5/15/14 mid-day report (read here). Technically, it triggered a buy signal with a volume-driven gain on 6/06/14, shortly after appearing in this FSU section on 6/03/14 with annotated graphs under the headline, "Finding Support Above 50-Day Moving Average".
It reported earnings +34% on +25% sales revenues for the Mar '14 quarter, marking its 4th consecutive quarter with earnings above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) has also been strong. The number of top-rated funds owning its shares rose from 186 in Sep '13 to 192 in Mar '14, a reassuring sign of institutional buying demand (I criteria). Its current Up/Down Volume Ratio of 1.3 is an unbiased indication that its shares have been under accumulation over the past 50 days.
|
|
|
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 |
AFSI
-
NASDAQ
Amtrust Financial Svcs
INSURANCE - Property and; Casualty Insurance
|
$42.49
|
-0.03
-0.07% |
$43.04
|
368,234
55.54% of 50 DAV
50 DAV is 663,000
|
$47.10
-9.79%
|
5/21/2014
|
$44.85
|
PP = $44.85
|
|
MB = $47.09
|
Most Recent Note - 6/13/2014 5:13:01 PM
G - Volume totals have been cooling while consolidating above its 50 DMA line which acted as support. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Halted Slide at 50-Day Moving Average After Distributional Pressure - 6/6/2014
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
|
AL
-
NYSE
Air Lease Corp Cl A
DIVERSIFIED SERVICES - Rental and Leasing Services
|
$38.19
|
+0.52
1.38% |
$38.38
|
1,496,318
146.12% of 50 DAV
50 DAV is 1,024,000
|
$42.89
-10.96%
|
5/9/2014
|
$38.27
|
PP = $38.25
|
|
MB = $40.16
|
Most Recent Note - 6/13/2014 12:05:54 PM
G - Rebounded from early lows back into positive territory. On the prior session its 50 DMA line violation triggered a technical sell signal as it suffered a damaging loss backed by heavy volume amid widespread losses in the industry group. Only a prompt rebound above its 50 DMA line would help its outlook improve. Disciplined investors limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Enduring Mild Distributional Pressure on Pullback - 6/11/2014
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
|
EQM
-
NYSE
E Q T Midstream Partners
ENERGY - Oil and Gas Pipelines
|
$93.16
|
-1.89
-1.99% |
$97.02
|
540,127
192.22% of 50 DAV
50 DAV is 281,000
|
$97.22
-4.18%
|
12/12/2013
|
$53.17
|
PP = $56.51
|
|
MB = $59.34
|
Most Recent Note - 6/17/2014 5:59:18 PM
G - Down today with above average volume, retreating from its 52-week high. Prior reports repeatedly cautioned members - "It is very extended from any sound base. Fundamental concerns remain after 2 consecutive sub par quarters below the +25% minimum earnings guideline."
>>> FEATURED STOCK ARTICLE : New Highs Again With Light Volume Behind Streak of Gains - 6/4/2014
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
|
GRFS
-
NASDAQ
Grifols Sa Ads
Medical-Ethical Drugs
|
$45.35
|
+0.39
0.87% |
$45.68
|
401,741
58.56% of 50 DAV
50 DAV is 686,000
|
$46.66
-2.81%
|
5/15/2014
|
$41.14
|
PP = $43.55
|
|
MB = $45.73
|
Most Recent Note - 6/17/2014 5:53:44 PM
Y - Volume totals have been cooling while consolidating below its "max buy" level following technical breakout. Prior highs near $43 area define near-term support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Consolidating Just Below "Max Buy" Level - 6/17/2014
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
|
ICON
-
NASDAQ
Iconix Brand Group Inc
CONSUMER NON-DURABLES - Textile - Apparel Footwear
|
$43.64
|
+0.55
1.26% |
$43.97
|
739,417
143.58% of 50 DAV
50 DAV is 515,000
|
$44.81
-2.62%
|
6/5/2014
|
$43.54
|
PP = $43.44
|
|
MB = $45.61
|
Most Recent Note - 6/17/2014 12:12:34 PM
Y - Stalled following its recent technical breakout and it is consolidating above prior highs in the $43-42 area defining initial support to watch. Disciplined investors avoid chasing stocks extended more than +5% above their pivot point, and they always sell if any stock falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Gain With Above Average Volume an Encouraging Sign - 6/5/2014
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
|
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 |
KORS
-
NYSE
Michael Kors Hldgs Ltd
RETAIL - Apparel Stores
|
$91.06
|
+0.77
0.85% |
$91.30
|
6,511,935
230.14% of 50 DAV
50 DAV is 2,829,500
|
$101.04
-9.88%
|
5/27/2014
|
$96.70
|
PP = $101.14
|
|
MB = $106.20
|
Most Recent Note - 6/17/2014 5:58:05 PM
G - Managed an impressive "positive reversal" today after initially slumping well below its 50 DMA line following a damaging loss on the prior session that triggered a technical sell signal. Only a prompt rebound about the 50 DMA line would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Relative Strength Line's Downward Slope a Discouraging Sign - 6/10/2014
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
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$80.66
|
+0.03
0.04% |
$82.27
|
1,576,213
80.21% of 50 DAV
50 DAV is 1,965,000
|
$82.00
-1.63%
|
5/29/2014
|
$75.95
|
PP = $72.50
|
|
MB = $76.13
|
Most Recent Note - 6/16/2014 5:54:47 PM
G - Finished at a best-ever close with near average volume behind today's 5th consecutive gain. Prior highs near $72 define important support above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure After Touching New 52-Week High - 6/12/2014
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
|
SN
-
NYSE
Sanchez Energy Corp
ENERGY - Independent Oil and Gas
|
$36.79
|
-0.01
-0.03% |
$37.00
|
982,407
70.42% of 50 DAV
50 DAV is 1,395,000
|
$36.84
-0.14%
|
5/22/2014
|
$33.00
|
PP = $31.59
|
|
MB = $33.17
|
Most Recent Note - 6/13/2014 12:49:07 PM
G - Perched at its 52-week high today, extended from its prior base. Disciplined investors avoid chasing extended stocks. Prior highs near $31-32 define support to watch on pullbacks. Priced the recently announced offering of Common Stock and Senior Notes.
>>> FEATURED STOCK ARTICLE : Finished Near Session Low After Hitting new 52-Week High - 6/9/2014
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
|
TRN
-
NYSE
Trinity Industries Inc
TRANSPORTATION - Railroads
|
$83.90
|
-0.60
-0.71% |
$84.40
|
1,449,416
91.68% of 50 DAV
50 DAV is 1,581,000
|
$87.89
-4.54%
|
4/30/2014
|
$75.57
|
PP = $76.05
|
|
MB = $79.85
|
Most Recent Note - 6/16/2014 5:58:03 PM
G - Gapped up today for a solid gain and finished near the session high following 4 consecutive losses. Prior highs in the $76 area and its 50 DMA line ($77.79) define important support to watch.
>>> FEATURED STOCK ARTICLE : Recent Lows and 50-Day Moving Average Line Define Near-Term Support - 6/16/2014
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
|
WLK
-
NYSE
Westlake Chemical Corp
CHEMICALS - Specialty Chemicals
|
$82.83
|
+0.45
0.55% |
$83.16
|
297,314
40.02% of 50 DAV
50 DAV is 743,000
|
$83.17
-0.41%
|
4/29/2014
|
$72.79
|
PP = $69.31
|
|
MB = $72.78
|
Most Recent Note - 6/13/2014 5:56:43 PM
G - Quietly hovering near its 52-week high. Prior highs near $77 define important near-term support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Chemical Firm Quietly Posted 7th Consecutive Weekly Gain - 6/13/2014
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
|
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 |
|
|
|
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.
|
|
|
