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AFTER MARKET UPDATE - FRIDAY, SEPTEMBER 5TH, 2014
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Indices NYSE Nasdaq
DOW  +67.78 17,137.36 +0.40% Volume 597,012,270 -3% Volume 1,513,031,510 -5%
NASDAQ +20.61 4,582.90 +0.45% Advancers 1,903 60% Advancers 1,504 52%
S&P 500 +10.06 2,007.71 +0.50% Decliners 1,130 36% Decliners 1,259 44%
Russell 2000 +2.92 1,170.13 +0.25% 52 Wk Highs 101   52 Wk Highs 56  
S&P 600 +1.37 672.04 +0.20% 52 Wk Lows 31   52 Wk Lows 49  

S&P 500 Index at All-Time Record After 5th Weekly Gain

For the week the major averages edged higher. Both the Dow and S&P 500 rose +0.2% on the week while the NASDAQ increased less than +0.1%. finish lower. Stocks closed out the week on a positive note with Friday's gains. Volume totals were reported lighter on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by almost a 2-1 margin on the NYSE and by a 5-4 margin on the NASDAQ exchange. There were 29 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 53 stocks. New 52-week highs contracted again yet still outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 9 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 S&P 500 Index closed at a fresh all-time high as it rose 10 points to 2,007. The weekly graph shows it after 5 consecutive weekly gains, up +8.6% year-to-date.

Dow gained 67 points to 17,137 and NASDAQ increased 20 points to 4,582 as the major averages erased early losses on Friday. Easing geopolitical tensions overshadowed a disappointing employment report. Ukraine's President announced a cease-fire following an agreement with pro-Russian separatists in the eastern part of the country. On the economic front, employers hired the fewest amount of workers this year as non-farm payrolls increased by 142,000 in August, missing expectations for a gain of 230,000. In addition, the unemployment rate ticked lower to 6.1% from 6.2% as people left the workforce.

Overall, every sector in the S&P 500 advanced. Utilities and telecom were among the best performing groups as investors searched for yield. Dominion Resources (D +1.4%) and  AT&T (T +0.6%) edged higher. Gains in technology and energy also helped lift the market with Microsoft (MSFT +1.4%) and Halliburton (HAL +1.3%) among stocks on the rise.

Treasuries declined. The 10-year note lost 1/32 to yield 2.46%. The 30-year bond fell 10/32 to yield 3.23%.

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.


Tech Gains Led Market Higher

The Networking Index ($NWX +0.68%) and the Semiconductor Index ($SOX +0.85%) led the tech sector higher while the Biotechnology Index ($BTK -0.03%) finished flat. The Bank Index ($BKX +0.00%) ended unchanged while modest gains from the Broker/Dealer Index ($XBD +0.38%) and the Retail Index ($RLX +0.19%) helped to give the major averages a lift on Friday. Commodity-linked groups had a positive bias as the Gold & Silver Index ($XAU +0.24%), Oil Services Index ($OSX +0.37%), and Integrated Oil Index ($XOI +0.61%) each posted a modest gain.

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +0.38%) is perched near its 2014 high.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  288.21 +1.07 +0.37% +2.55%
Integrated Oil $XOI  1,669.72 +10.10 +0.61% +11.08%
Semiconductor $SOX  651.24 +5.52 +0.85% +21.72%
Networking $NWX  336.35 +2.27 +0.68% +3.83%
Broker/Dealer $XBD  166.87 +0.63 +0.38% +3.93%
Retail $RLX  960.06 +1.84 +0.19% +2.16%
Gold & Silver $XAU  95.30 +0.23 +0.24% +13.25%
Bank $BKX  71.81 +0.00 +0.00% +3.68%
Biotech $BTK  3,087.77 -1.04 -0.03% +32.50%


Perched at High After Triggering Technical Buy Signal

YY Inc (YY -$0.70 or -0.76% to $91.42) is perched at its 52-week high after rising above its pivot point with +143% above average volume on the prior session. Volume was more than +40% above average as the stock rallied above its pivot point to trigger a proper technical buy signal. Its 50-day moving average (DMA) line ($80.69) defines near-term support to watch. 

The high-ranked Internet - Content firm was last shown in this FSU section with annotated graphs on 8/19/14 under the headline, "Encountered Distributional Pressure Near Prior High", after highlighted in yellow with a new pivot point cited based on its 3/06/14 high plus 10 cents in the earlier mid-day report (read here). Fundamentals through the Jun '14 quarter remain very strong. It reported earnings +100% on +103% sales revenues for the Jun '14 quarter, and its great record of strong earnings and sales revenues increases in quarterly comparisons satisfies the C criteria. Its limited annual earnings (A criteria) history is a concern and it is up considerably from its $11 IPO on 11/21/12. The number of top-rated funds owning its shares rose from 58 in Sep '13 to 169 in Jun '14, a reassuring sign concerning the I criteria.

Disciplined investors avoid chasing extended stocks more than +5% above prior highs and always limit losses by selling if any stock falls more than -7% from their purchase price.


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  
$231.29 +1.43
0.62%

$231.29

1,304,782
55.05% of 50 DAV
50 DAV is 2,370,000
$232.39
-0.47%
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  
$43.61 -0.30
-0.68%

$44.12

453,157
90.00% of 50 DAV
50 DAV is 503,500
$47.10
-7.41%
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  
$92.60 +1.07
1.17%

$93.57

1,086,235
76.01% of 50 DAV
50 DAV is 1,429,000
$98.28
-5.78%
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  
$95.66 +0.26
0.27%

$96.27

102,390
58.51% of 50 DAV
50 DAV is 175,000
$102.51
-6.68%
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  
$77.26 +1.31
1.72%

$77.38

29,360,010
78.12% of 50 DAV
50 DAV is 37,581,000
$77.48
-0.28%
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  
$70.99 +1.56
2.25%

$71.10

3,674,279
124.01% of 50 DAV
50 DAV is 2,963,000
$70.38
0.87%
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  
$89.04 +1.78
2.04%

$89.16

1,078,940
74.31% of 50 DAV
50 DAV is 1,452,000
$92.70
-3.95%
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  
$85.21 +1.02
1.21%

$86.82

36,447
121.49% of 50 DAV
50 DAV is 30,000
$89.87
-5.19%
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  
$155.49 -1.05
-0.67%

$156.89

47,689
51.84% of 50 DAV
50 DAV is 92,000
$165.30
-5.93%
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  
$48.49 -0.23
-0.47%

$48.71

1,957,394
76.76% of 50 DAV
50 DAV is 2,550,000
$50.43
-3.85%
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  
$72.53 +0.56
0.78%

$72.64

1,738,392
73.85% of 50 DAV
50 DAV is 2,354,000
$72.65
-0.17%
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  
$97.24 +0.61
0.63%

$97.29

261,760
51.43% of 50 DAV
50 DAV is 509,000
$98.44
-1.22%
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  
$91.42 -0.70
-0.76%

$94.05

1,535,249
109.74% of 50 DAV
50 DAV is 1,399,000
$93.88
-2.62%
8/19/2014 $85.81 PP = $91.03
MB = $95.58
Most Recent Note - 9/5/2014 6:26:48 PM
Y - Perched at its 52-week high after a rally above its pivot point with +143% above average volume on the prior session triggered a technical buy signal. Its 50 DMA line ($80.69) defines near-term support to watch. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : FSU - 9/5/2014
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   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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