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AFTER MARKET UPDATE - TUESDAY, AUGUST 12TH, 2014
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DOW |
-9.44 |
16,560.54 |
-0.06% |
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Volume |
530,757,250 |
-9% |
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Volume |
1,438,442,570 |
+1% |
NASDAQ |
-12.08 |
4,389.25 |
-0.27% |
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Advancers |
1,247 |
39% |
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Advancers |
865 |
30% |
S&P 500 |
-3.17 |
1,933.75 |
-0.16% |
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Decliners |
1,790 |
56% |
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Decliners |
1,891 |
66% |
Russell 2000 |
-8.90 |
1,133.03 |
-0.78% |
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52 Wk Highs |
51 |
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52 Wk Highs |
43 |
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S&P 600 |
-4.39 |
653.36 |
-0.67% |
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52 Wk Lows |
29 |
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52 Wk Lows |
50 |
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Breadth Negative As Major Averages Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Tuesday's session the major indices ended with small losses while volume totals were mixed, lower on the NYSE and higher on the Nasdaq exchange. Breadth was negative as decliners led advancers led decliners by a 3-2 margin on the NYSE and by more than 2-1 on the Nasdaq exchange. There were 19 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 16 stocks. New 52-week highs outnumbered new 52-week lows on the NYSE but new lows led new highs on the Nasdaq exchange. There were gains for only 3 of the 11 of the high-ranked companies currently included on the Featured Stocks Page. The market (M criteria) deterioration recently earned the label of a "correction" as the technical damage became significant to chart readers and leadership (stocks hitting new 52-week highs) waned. Disciplined investors limit losses and reduce market exposure during rough market periods by selling any stocks which fall more than -7% from their purchase price.
PICTURED: The Nasdaq Composite Index fell near its 50-day moving average (DMA) 4,384 on Day 3 of the nascent rally attempt. The window is open for an ideal follow-through day of gains on Days 4-7 of the rally attempt. Caution is advised until the market outlook turns favorable for new buying efforts, meanwhile it is an ideal time to keep worthy buy candidates on your watchlist.
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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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Networking and Broker/Dealer Indexes Led Decliners
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +0.07%) held its ground while the Broker/Dealer Index ($XBD -0.44%) and the Retail Index ($RLX -0.25%) were negative influences on the major averages on Tuesday. The Networking Index ($NWX -0.83%) led the tech sector lower as the Biotechnology Index ($BTK -0.16%) and Semiconductor Index ($SOX -0.11%) edged lower. The Gold & Silver Index ($XAU +1.41%) was a standout gainer while the energy-related groups including the Integrated Oil Index ($XOI -0.66%) and Oil Services Index ($OSX -0.64%) suffered smaller losses.
Charts courtesy www.stockcharts.com
PICTURED: The Gold & Silver Index ($XAU +1.14%) is consolidating above its 50-day and 200-day moving average (DMA) lines, perched within striking distance of its 2014 highs.
Oil Services |
$OSX |
286.79 |
-1.85 |
-0.64% |
+2.05% |
Integrated Oil |
$XOI |
1,633.73 |
-10.88 |
-0.66% |
+8.69% |
Semiconductor |
$SOX |
611.32 |
-0.70 |
-0.11% |
+14.26% |
Networking |
$NWX |
322.87 |
-2.70 |
-0.83% |
-0.33% |
Broker/Dealer |
$XBD |
162.43 |
-0.72 |
-0.44% |
+1.17% |
Retail |
$RLX |
903.76 |
-2.22 |
-0.25% |
-3.83% |
Gold & Silver |
$XAU |
103.85 |
+1.44 |
+1.41% |
+23.41% |
Bank |
$BKX |
68.71 |
+0.05 |
+0.07% |
-0.79% |
Biotech |
$BTK |
2,805.61 |
-4.43 |
-0.16% |
+20.39% |
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Submit Your Request for a Featured Stock Update
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Market conditions (the M criteria) are challenging at times. There are few stocks included on the Featured Stocks list and none of the companies need additional review in detail with annotated graphs. At times like these we have an opportunity to look back and review previously featured stocks which were dropped, which can serve as an educational review of the investment system's tactics and a reminder that high-ranked leaders eventually fall out of favor. If you wish to request for a specific stock to receive more detailed coverage in this section please use the inquiry form to submit your request. Thank you! |
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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
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NYSE
Actavis plc
Medical-Generic Drugs
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$203.16
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+0.44
0.22% |
$204.84
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2,579,919 101.93% of 50 DAV
50 DAV is 2,531,000
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$230.77 -11.96%
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6/20/2014
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$216.53
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PP = $230.87
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MB = $242.41
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Most Recent Note - 8/6/2014 12:03:39 PM
G - Small gap down today and its color code is changed to green while slumping below its 50 DMA line and enduring distributional pressure. A rebound above the 50 DMA line is needed for its outlook to improve. Reported earnings +70% on +34% sales revenues for the Jun '14 quarter. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Enduring Distributional Pressure While Sputtering Near 50-Day Average - 8/5/2014
View all notes |
Set NEW NOTE alert |
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SEC
News |
Chart |
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C
A N
S L
I M
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AFSI
-
NASDAQ
Amtrust Financial Svcs
INSURANCE - Property and; Casualty Insurance
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$43.76
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-0.38
-0.86% |
$44.79
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358,493 71.84% of 50 DAV
50 DAV is 499,000
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$47.10 -7.09%
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5/21/2014
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$44.85
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PP = $44.85
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MB = $47.09
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Most Recent Note - 8/7/2014 11:55:47 AM
G - Reversed into the red after gapping up today following Jun '14 earnings news. Previously noted with caution - "Consolidating just above its 50 DMA line, facing resistance due to overhead supply up through the $47 level."
>>> FEATURED STOCK ARTICLE : 50-Day Moving Average Line Acted as Recent Resistance - 7/23/2014
View all notes |
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SEC
News |
Chart |
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C
A N
S L
I M
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BITA
-
NYSE
Bitauto Hldgs Ltd Ads
Internet-Content
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$73.07
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+4.08
5.91% |
$73.42
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1,932,934 202.19% of 50 DAV
50 DAV is 956,000
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$69.04 5.84%
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6/26/2014
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$46.20
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PP = $47.03
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MB = $49.38
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Most Recent Note - 8/12/2014 10:59:01 AM
G - Powering to yet another new 52-week high with today's 5th consecutive gain, getting more extended from its prior base. Its 50 DMA line ($50.39) defines important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched at High After 3 Consecutive Volume-Driven Gains - 8/8/2014
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News |
Chart |
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C
A N
S L
I M
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EQM
-
NYSE
E Q T Midstream Partners
ENERGY - Oil and Gas Pipelines
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$88.13
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-0.30
-0.34% |
$89.23
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82,436 23.29% of 50 DAV
50 DAV is 354,000
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$102.51 -14.03%
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12/12/2013
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$53.17
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PP = $56.51
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MB = $59.34
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Most Recent Note - 8/11/2014 6:22:06 PM
G - Rebounded toward its 50 DMA line with today's solid gain. That short-term average may now act as a resistance level. Reported earnings +37% on +21% sales revenues for the Jun '14 quarter, an improvement after 2 sub par quarterly earnings comparisons.
>>> FEATURED STOCK ARTICLE : Following 50-Day Moving Average Violation Gains Lacked Volume - 8/7/2014
View all notes |
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News |
Chart |
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C
A N
S L
I M
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FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
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$72.83
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-0.61
-0.83% |
$73.33
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27,303,134 64.33% of 50 DAV
50 DAV is 42,444,000
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$76.74 -5.10%
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7/24/2014
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$76.00
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PP = $72.69
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MB = $76.32
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Most Recent Note - 8/8/2014 4:06:39 PM
Y - Volume totals have been cooling while consolidating near its pivot point, stubbornly holding its ground after gapping up on 7/24/14. Prior highs in the $72 area define initial support above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Breakaway Gap May Signal Beginning of Meaningful Rally - 7/24/2014
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Chart |
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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 |
ICON
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NASDAQ
Iconix Brand Group Inc
CONSUMER NON-DURABLES - Textile - Apparel Footwear
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$41.75
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-0.95
-2.22% |
$42.82
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281,984 62.03% of 50 DAV
50 DAV is 454,600
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$44.81 -6.83%
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6/5/2014
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$43.54
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PP = $43.44
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MB = $45.61
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Most Recent Note - 8/6/2014 6:44:43 PM
G - Reported earnings +4% on +3% sales revenues for the Jun '14 quarter, below the +25% minimum earnings guideline (C criteria) raising fundamental concerns. There was a "negative reversal" on 7/29/14 as its 50 DMA line acted as resistance and it Relative Strength rating fell below 80+ minimum guideline.
>>> FEATURED STOCK ARTICLE : Fundamental and Technical Deterioration Hurts Outlook - 7/31/2014
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News |
Chart |
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C
A N
S L
I M
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PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
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$81.26
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-0.66
-0.81% |
$82.10
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621,285 41.72% of 50 DAV
50 DAV is 1,489,000
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$85.78 -5.27%
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7/30/2014
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$84.21
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PP = $85.88
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MB = $90.17
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Most Recent Note - 8/11/2014 6:41:52 PM
Y - Subsequent volume-driven gains to new high territory may trigger a new (or add-on) technical buy signal. Found support at its 50 DMA line ($79.47). That important short-term average and its recent low ($76.86 on 8/01/14) define important near-term support.
>>> FEATURED STOCK ARTICLE : Building on New Base Pattern Above 50-Day Average - 8/11/2014
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C
A N
S L
I M
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TARO
-
NYSE
Taro Pharmaceutical Inds
DRUGS - Drug Manufacturers - Other
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$148.13
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+1.59
1.09% |
$150.68
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97,422 129.90% of 50 DAV
50 DAV is 75,000
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$149.89 -1.17%
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7/30/2014
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$144.24
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PP = $149.99
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MB = $157.49
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Most Recent Note - 8/12/2014 11:13:47 AM
G - Touched a new 52-week high with today's 4th consecutive gain. Found support at its 50 DMA line while building on its latest base pattern. Reported earnings -18% on -15% sales revenues for the Jun '14 quarter, below the +25% minimum earnings guideline (C criteria) raising fundamental concerns and its color code was changed to green.
>>> FEATURED STOCK ARTICLE : Still Building on an Advanced Base Pattern - 8/6/2014
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C
A N
S L
I M
|
TRN
-
NYSE
Trinity Industries Inc
TRANSPORTATION - Railroads
|
$42.50
|
-0.84
-1.94% |
$43.55
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2,234,804 73.80% of 50 DAV
50 DAV is 3,028,000
|
$47.83 -11.14%
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4/30/2014
|
$37.79
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PP = $38.03
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MB = $39.93
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Most Recent Note - 8/6/2014 6:42:45 PM
G - Gapped down and violated its 50 DMA line ($43.26) raising concerns and triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve. Reported earnings +91% on +39% sales for the Jun '14 quarter.
>>> FEATURED STOCK ARTICLE : Earnings News Due Following Tuesday's Close - 7/28/2014
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C
A N
S L
I M
|
UA
-
NYSE
Under Armour Inc Cl A
CONSUMER NON-DURABLES - Textile - Apparel Clothing
|
$68.36
|
-0.54
-0.78% |
$70.07
|
2,025,197 75.88% of 50 DAV
50 DAV is 2,669,000
|
$70.94 -3.64%
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7/10/2014
|
$58.50
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PP = $60.79
|
MB = $63.83
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Most Recent Note - 8/6/2014 6:48:24 PM
G - Recently reported earnings +0% on +34% sales revenues for the Jun '14 quarter, below the +25% minimum earnings guideline (C criteria), yet the company raised its guidance. Hold its ground stubbornly near all-time highs with no resistance remaining due to overhead supply.
>>> FEATURED STOCK ARTICLE : Bullish Action Despite Latest Earnings Below +25% Minimum Guideline - 7/30/2014
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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 |
WLK
-
NYSE
Westlake Chemical Corp
CHEMICALS - Specialty Chemicals
|
$87.47
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-0.31
-0.35% |
$88.19
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344,893 64.35% of 50 DAV
50 DAV is 536,000
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$91.97 -4.89%
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4/29/2014
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$72.79
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PP = $69.31
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MB = $72.78
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Most Recent Note - 8/8/2014 4:08:52 PM
G - Reported earnings +11% on +6% sales revenues for the Jun '14 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Found support this week at its 50 DMA line ($85.05) where a subsequent violation would raise greater concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base After Streak of 8 Consecutive Gains - 7/25/2014
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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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