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AFTER MARKET UPDATE - THURSDAY, SEPTEMBER 4TH, 2014
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Indices NYSE Nasdaq
DOW  -8.70 17,069.58 -0.05% Volume 613,117,080 +2% Volume 1,599,139,270 -8%
NASDAQ -10.28 4,562.29 -0.22% Advancers 1,024 32% Advancers 1,150 40%
S&P 500 -3.07 1,997.65 -0.15% Decliners 2,057 64% Decliners 1,628 56%
Russell 2000 -4.99 1,167.21 -0.43% 52 Wk Highs 156   52 Wk Highs 99  
S&P 600 -1.81 670.67 -0.27% 52 Wk Lows 29   52 Wk Lows 42  

Breadth Negative as Indices Retreat From Record Highs

On Thursday the major averages erased gains to finish lower. Volume totals were reported mixed, higher on the NYSE and lighter on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 2-1 margin on the NYSE and by a 3-2 margin on the NASDAQ exchange. There were 53 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 78 stocks. New 52-week highs contracted yet still outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 7 of the 13 high-ranked companies currently included on the Featured Stocks Page. The broader market (M criteria) has been in a "confirmed uptrend" while leadership (stocks hitting new 52-week highs) has remained healthy. Remember that disciplined investors buy stocks with superior fundamentals only after they have triggered a proper technical buy signal.
 

PICTURED: The Dow Jones Industrial Average rose as many as 83 points before closing down 9 at 17,069. It found support at its 200-day moving average (DMA) line during prior consolidations. 

The S&P 500 slipped 3 points to 1,997, and NASDAQ fell 10 points 4,562, as investors appeared cautious ahead of Friday's jobs report. Non-farm payrolls are projected to increase 230,000 in August while the unemployment rate dipped to 6.1%. Stocks were higher for most of session after the European Central Bank unexpectedly cut interest rates and said it will begin buying asset backed securities to bolster growth. On the economic front, reports showed private payrolls rose more than 200,000 for a fifth-consecutive month while weekly jobless claims edged up to 302,000. A separate release revealed the service sector expanded at a faster pace in August.

Nine of 10 sectors in the S&P 500 were down with energy the worst performing group. Exxon (XOM -0.8%) ended lower as the price of crude oil declined. Consumer discretionary was the lone sector higher on the session. Apparel maker PVH Corp (PVH +9.6%) climbed after quarterly results beat consensus estimates.

Treasuries were lower with the 10-year note falling 15/32 to yield 2.45%. In commodity trading, COMEX gold was down -0.6% to $1,262.40 an ounce. WTI crude oil retreated -1% to $94.61 a barrel on the NYMEX.

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.


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.


Retail Gains Outweighed by Weakness in Commodity-Linked Groups

The Retail Index ($RLX +0.80%) was a standout gainer on Thursday but weakness in other groups outweighed its positive influence. Financial shares were little changed as the Broker/Dealer Index ($XBD -0.18%) edged lower and the Bank Index ($BKX +0.15%) posted a tiny gain.  Commodity-linked groups faced the greatest pressure as the Gold & Silver Index ($XAU -3.19%) was a standout decliner while the Oil Services Index ($OSX -1.93%) and the Integrated Oil Index ($XOI -1.22%) also lost ground. The tech sector was led lower by the Biotechnology Index ($BTK -1.45%) and the Networking Index ($NWX -1.06%) while the Semiconductor Index ($SOX +0.25%) eked out a small gain.

Charts courtesy www.stockcharts.com

PICTURED: The Oil Services Index ($OSX -1.93%) slumped near its 200-day moving average (DMA) line with a big loss.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  287.14 -5.65 -1.93% +2.17%
Integrated Oil $XOI  1,659.61 -20.54 -1.22% +10.41%
Semiconductor $SOX  645.72 +1.64 +0.25% +20.69%
Networking $NWX  334.07 -3.57 -1.06% +3.13%
Broker/Dealer $XBD  166.25 -0.31 -0.18% +3.54%
Retail $RLX  958.22 +7.60 +0.80% +1.96%
Gold & Silver $XAU  95.07 -3.13 -3.19% +12.98%
Bank $BKX  71.81 +0.11 +0.15% +3.68%
Biotech $BTK  3,088.95 -45.46 -1.45% +32.55%


Pulling Back Following New Technical Breakout

Palo Alto Networks (PANW -$2.11 or -2.36% to $87.26) ended in the red and finished near the session low for a 2nd day in a row after erasing early gains. A rally above its pivot point triggered a new (or add-on) technical buy signal on 9/02/14 with a considerable gain backed by more than 3 times average volume. No resistance remains due to overhead supply. Subsequent violations of the 50-day moving average (DMA) line or the 8/28/14 low ($79.71) would trigger technical sell signals. Keep in mind that the company is due to report earnings for the quarter ended July 31, 2014 on 9/09/14, and volume and volatility often increase near earnings news.

The high-ranked leader hailing from the Computer Software - Security industry group was last shown in this FSU section with annotated graphs on 8/11/14 under the headline, "Building on New Base Pattern Above 50-Day Average". Since then the Group Relative Strength rating improved to 72 from a mediocre 57, and leadership from other stocks in the group is reassuring concerning the L criteria. 

PANW was first highlighted in yellow at $75.95 with pivot point cited based on its 4/22/14 high in the 5/29/14 mid-day report (read here). Strong sales revenues increases and earnings through the Apr '14 quarter above the +25% minimum guideline satisfy the C criteria. Its annual earnings (A criteria) history is a bit limited, but growth has been strong since its July 2012 IPO at $42. The number of top-rated funds owning its shares rose from 246 in Jun '13 to 437 in Jun '14, a reassuring sign concerning the I criteria. Its small supply (S criteria) of only 50.9 million shares in the public float is another favorable characteristic. 


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  
$229.86 +1.31
0.57%

$232.39

1,794,671
74.90% of 50 DAV
50 DAV is 2,396,000
$230.86
-0.43%
6/20/2014 $216.53 PP = $230.87
MB = $242.41
Most Recent Note - 9/3/2014 5:54:38 PM
Y - Touched a new 52-week high today while trading very light volume but it finished with a small loss. Subsequent volume-driven gains to new highs may trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Quietly Perched Within Striking Distance of 52-Week High - 8/28/2014
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   Daily Graphs Online Stock Checkup
AFSI - NASDAQ
Amtrust Financial Svcs
INSURANCE - Property and; Casualty Insurance  
$43.91 -0.71
-1.59%

$44.78

747,581
150.12% of 50 DAV
50 DAV is 498,000
$47.10
-6.77%
5/21/2014 $44.85 PP = $44.85
MB = $47.09
Most Recent Note - 9/3/2014 5:49:45 PM
G - Churned above average volume without making price progress today, a sign of distributional pressure. Consolidating above support at its 50 DMA line, still only -5.3% off its 52-week high. Relative Strength Rating is currently 78, below the 80+ minimum guideline for buy candidates. Faces some resistance due to overhead supply up through the $47 level.
>>> FEATURED STOCK ARTICLE : Relative Strength Rating Slumped While Building Longer Base - 8/18/2014
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   Daily Graphs Online Stock Checkup
BITA - NYSE
Bitauto Hldgs Ltd Ads
Internet-Content  
$91.53 +0.24
0.26%

$95.45

1,880,743
134.05% of 50 DAV
50 DAV is 1,403,000
$98.28
-6.87%
6/26/2014 $46.20 PP = $47.03
MB = $49.38
Most Recent Note - 9/3/2014 5:51:54 PM
G - Rallied today for its second-best close with a small gain backed by slightly above average volume. Fundamentals remain strong, however recently enduring distributional pressure and noted repeatedly with caution - "Has the look of a 'climax run' with volume-driven gains getting very extended from its prior base."
>>> FEATURED STOCK ARTICLE : Finished Near Session Low - Noted With Look of "Climax Run" - 8/27/2014
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   Daily Graphs Online Stock Checkup
EQM - NYSE
E Q T Midstream Partners
ENERGY - Oil and Gas Pipelines  
$95.40 -1.59
-1.64%

$96.73

98,049
55.08% of 50 DAV
50 DAV is 178,000
$102.51
-6.94%
12/12/2013 $53.17 PP = $56.51
MB = $59.34
Most Recent Note - 9/3/2014 5:52:53 PM
G - Little resistance remains due to overhead supply while perched within close striking distance of its 52-week high with volume totals cooling in recent weeks. Reported earnings +37% on +21% sales revenues for the Jun '14 quarter, an improvement after 2 sub par quarterly earnings comparisons. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Forming New Base But Fundamental Flaws Remain a Concern - 9/3/2014
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   Daily Graphs Online Stock Checkup
FB - NASDAQ
Facebook Inc Cl A
INTERNET  
$75.95 +0.12
0.16%

$76.93

26,583,544
69.60% of 50 DAV
50 DAV is 38,194,000
$77.48
-1.97%
7/24/2014 $76.00 PP = $72.69
MB = $76.32
Most Recent Note - 9/2/2014 6:36:55 PM
G - Color code is changed to green after it rallied for a best-ever close and finished near the session high with today's gain on higher volume but below average volume. Prior highs in the $72 area define initial support above its 50 DMA line ($70.98).
>>> FEATURED STOCK ARTICLE : Making Limited Headway But Holding Ground Since Gap Up - 8/20/2014
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   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
NXPI - NASDAQ
Nxp Semiconductors N V
ELECTRONICS - Semiconductor - Broad Line  
$69.43 +0.18
0.26%

$69.82

3,779,309
128.90% of 50 DAV
50 DAV is 2,932,000
$70.38
-1.35%
8/29/2014 $68.50 PP = $67.89
MB = $71.28
Most Recent Note - 9/3/2014 5:58:32 PM
Y - Today's 5th consecutive gain was backed by above average volume and it hit another new 52-week high yet it remains below its "max buy" level. No overhead supply remains to act as resistance. Prior highs in the $67 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Gap Up For New High With Volume Triggered Technical Buy Signal - 8/29/2014
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   Daily Graphs Online Stock Checkup
PANW - NYSE
Palo Alto Networks
Computer Sftwr-Security  
$87.26 -2.11
-2.36%

$90.28

1,717,523
117.88% of 50 DAV
50 DAV is 1,457,000
$92.70
-5.87%
7/30/2014 $84.21 PP = $85.88
MB = $90.17
Most Recent Note - 9/4/2014 5:52:43 PM
Y - Erased early gains and finished near the session low for a 2nd consecutive session. Triggered a new (or add-on) technical buy signal on 9/02/14 with a considerable gain backed by more than 3 times average volume. No resistance remains due to overhead supply. Subsequent violations of the 50 DMA line or the 8/28/14 low ($79.71) would trigger technical sell signals. Reports earnings on 9/09/14 and volume and volatility often increase near earnings news. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Pulling Back Following New Technical Breakout - 9/4/2014
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   Daily Graphs Online Stock Checkup
STRT - NASDAQ
Strattec Security Corp
AUTOMOTIVE - Auto Parts  
$84.19 +2.57
3.15%

$85.90

29,786
99.29% of 50 DAV
50 DAV is 30,000
$89.87
-6.32%
8/22/2014 $71.47 PP = $73.97
MB = $77.67
Most Recent Note - 9/2/2014 6:20:21 PM
G - Spiked to another new 52-week high today but erased much of its gain and finished in the lower third of its intra-day range, a sign of distributional pressure. Volume was +72% above average behind the gain on the prior session, however it was getting extended from its prior base by the time volume-driven gain helped clinch a technical buy signal.
>>> FEATURED STOCK ARTICLE : Small Supply of Shares and Perched Near All-Time Highs - 8/22/2014
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   Daily Graphs Online Stock Checkup
TARO - NYSE
Taro Pharmaceutical Inds
DRUGS - Drug Manufacturers - Other  
$156.54 -3.19
-2.00%

$160.38

193,926
217.89% of 50 DAV
50 DAV is 89,000
$165.30
-5.30%
7/30/2014 $144.24 PP = $149.99
MB = $157.49
Most Recent Note - 9/4/2014 12:47:30 PM
G - Churning above average volume perched at its 52-week high, enduring distributional pressure. Previously noted with caution - "Extended from any sound base. Recently reported earnings for the Jun '14 quarter below the +25% minimum earnings guideline (C criteria) raising fundamental concerns."
>>> FEATURED STOCK ARTICLE : Churning Action Indicative of Distributional Pressure - 9/2/2014
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   Daily Graphs Online Stock Checkup
TRN - NYSE
Trinity Industries Inc
TRANSPORTATION - Railroads  
$48.72 -0.59
-1.20%

$49.62

2,116,854
82.85% of 50 DAV
50 DAV is 2,555,000
$50.43
-3.39%
4/30/2014 $37.79 PP = $38.03
MB = $39.93
Most Recent Note - 9/2/2014 6:26:36 PM
G - Hit another new 52-week high with today's volume-driven gain. It has not formed a sound base. Prior highs near $46-47 define near-term support above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Rallying Into New High Territory Without Forming New Base - 8/25/2014
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   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
UA - NYSE
Under Armour Inc Cl A
CONSUMER NON-DURABLES - Textile - Apparel Clothing  
$71.97 +1.63
2.32%

$72.65

2,756,143
117.43% of 50 DAV
50 DAV is 2,347,000
$72.38
-0.57%
7/10/2014 $58.50 PP = $60.79
MB = $63.83
Most Recent Note - 9/2/2014 6:28:51 PM
G - Finished near the session high and at a best-ever close with today's considerable volume-driven gain. No resistance remains due to overhead supply. Fundamental concerns were raised by earnings reported +0% on +34% sales revenues for the Jun '14 quarter, below the +25% minimum earnings guideline (C criteria), yet the company raised its guidance.
>>> FEATURED STOCK ARTICLE : Holding Ground Near All-Time Highs Despite Fundamental Concerns - 8/26/2014
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   Daily Graphs Online Stock Checkup
WLK - NYSE
Westlake Chemical Corp
CHEMICALS - Specialty Chemicals  
$96.63 -1.17
-1.20%

$98.23

452,524
89.26% of 50 DAV
50 DAV is 507,000
$98.44
-1.84%
4/29/2014 $72.79 PP = $69.31
MB = $72.78
Most Recent Note - 9/2/2014 6:30:11 PM
G - Hit another new 52-week high with higher volume (near average) behind today's 4th consecutive gain. Its 50 DMA line defines support where a subsequent violation would raise greater concerns and trigger a technical sell signal. Technical strength has continued despite having reported earnings +11% on +6% sales revenues for the Jun '14 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Technically Strong Despite Fundamental Concerns Raised By Most Current Quarterly Earnings - 8/21/2014
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   Daily Graphs Online Stock Checkup
YY - NASDAQ
YY Inc Ads
INTERNET - Internet Service Providers  
$92.12 +3.37
3.80%

$93.88

3,313,369
243.81% of 50 DAV
50 DAV is 1,359,000
$90.93
1.31%
8/19/2014 $85.81 PP = $91.03
MB = $95.58
Most Recent Note - 9/4/2014 1:02:36 PM
Y - Hitting a new 52-week high and rising above its pivot point with today's 4th consecutive gain on ever-increasing volume. Volume is more than +40% above average as the stock rallies above its pivot point to trigger a proper technical buy signal. Its 50 DMA line defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Encountered Distributional Peressure Near Prior High - 8/19/2014
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   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.

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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.

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