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AFTER MARKET UPDATE - TUESDAY, NOVEMBER 25TH, 2014
Previous After Market Report Next After Market Report >>>
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DOW |
-2.96 |
17,814.94 |
-0.02% |
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Volume |
829,229,040 |
+20% |
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Volume |
1,525,322,570 |
+5% |
NASDAQ |
+3.36 |
4,758.25 |
+0.07% |
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Advancers |
1,650 |
51% |
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Advancers |
1,376 |
47% |
S&P 500 |
-2.38 |
2,067.03 |
-0.12% |
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Decliners |
1,425 |
44% |
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Decliners |
1,408 |
49% |
Russell 2000 |
-0.61 |
1,186.33 |
-0.05% |
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52 Wk Highs |
190 |
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52 Wk Highs |
137 |
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S&P 600 |
-0.52 |
684.57 |
-0.08% |
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52 Wk Lows |
25 |
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52 Wk Lows |
42 |
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Major Averages Ended Session Little Changed
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Tuesday the major averages ended virtually unchanged. There were higher volume totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by an 8-7 margin on the NYSE however decliners narrowly led advancers on the Nasdaq exchange. There were 90 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 prior session total of 77 stocks. New 52-week highs expanded and easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 6 of the 12 high-ranked companies currently on the Featured Stocks Page. A "confirmed uptrend" for the market (M criteria) has been repeatedly noted in this daily Market Commentary since large gains were noted on 10/21/14 backed by higher volume totals as leadership (stocks hitting new 52-week highs) expanded.
PICTURED: The Dow Jones Industrial Average is perched at a new all-time high after 4 consecutive gains.
The major averages spent the day toggling between gains and losses amid a batch of mixed economic data. The U.S. economy expanded more than previously estimated as third-quarter GDP was revised higher to a 3.9% annualized rate, up from an initial estimate of 3.5%. However, consumer and housing reports were disappointing. A measure of consumer confidence unexpectedly dropped in November to a five-month low while two separate property value indices showed home prices are decelerating.
Five of the 10 sectors in the S&P 500 advanced. Consumer discretionary and industrials were the best performing groups. Tiffany & Co. (TIF +2.47%) rose after reporting domestic same-store sales above analyst estimates. Shares of United Technologies (UTX +2.68%) rose. Tech stocks also advanced and Hewlett-Packard (HPQ +0.35%) inched higher ahead of its scheduled earnings report. Losses in energy included Schlumberger (SLB -3.30%) as WTI crude fell -1.9% to $73.93 a barrel before Thursday's all-important OPEC meeting.
Treasuries rose and a government auction of five-year notes received above average demand. The 10-year note gained 13/32 to yield 2.26%.
Disciplined investors know that new buying efforts may be made under the fact-based investment system only in stocks meeting all key criteria. The 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.
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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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Energy Indexes Fell and Gold & Silver Index Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Energy-related shares were weaker as the Oil Services Index ($OSX -1.95%) and the Integrated Oil Index ($XOI -1.66%) fell. The Retail Index ($RLX -0.39%) ended with a small loss and the Bank Index ($BKX -0.31%) edged lower while the Broker/Dealer Index ($XBD +0.25%) posted a small gain. The Networking Index ($NWX +0.11%) inched higher while the Biotechnology Index ($BTK -0.08%) and the Semiconductor Index ($SOX -0.02%) both finished flat. The Gold & Silver Index ($XAU +3.64%) was a standout gainer on the mostly quiet session.
Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK -0.08%) paused at its 2014 high.
Oil Services |
$OSX |
242.43 |
-4.82 |
-1.95% |
-13.74% |
Integrated Oil |
$XOI |
1,450.54 |
-24.56 |
-1.66% |
-3.50% |
Semiconductor |
$SOX |
669.36 |
-0.11 |
-0.02% |
+25.11% |
Networking |
$NWX |
348.27 |
+0.38 |
+0.11% |
+7.51% |
Broker/Dealer |
$XBD |
177.75 |
+0.44 |
+0.25% |
+10.71% |
Retail |
$RLX |
997.30 |
-3.90 |
-0.39% |
+6.12% |
Gold & Silver |
$XAU |
75.42 |
+2.65 |
+3.64% |
-10.37% |
Bank |
$BKX |
73.12 |
-0.23 |
-0.31% |
+5.57% |
Biotech |
$BTK |
3,398.93 |
-2.71 |
-0.08% |
+45.85% |
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Quietly Consolidating Back Below "Max Buy" Level
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Illumina Inc (ILMN -$1.95 or -1.02% to $189.21) has seen its volume totals cooling while consolidating. Prior highs near $182 acted as support above its 50-day moving average (DMA) line on the recent pullback. More damaging losses would raise concerns and trigger a technical sell signal. It was last shown in this FSU section on 11/07/14 with annotated graphs under the headline, "Consolidating Above Prior Highs Which Define Initial Support".
ILMN was highlighted in the 10/22/14 mid-day report (read here). The pivot point cited was based on its 9/04/14 high in a "double bottom" base pattern. Considerable volume-driven gains triggered a technical buy signal. It got a little bit extended, then its color code was changed to yellow after dipping back below its "max buy" level. Disciplined investors avoid chasing stocks more than +5% above their prior highs and always limit losses by selling any stock that falls more than -7% from their purchase price.
This Medical - Research Equipment/Services firm reported earnings +71% on +35% sales revenues for the Sep '14 quarter, its 2nd consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). Sequential quarterly comparisons show encouraging sales revenues and earnings acceleration.
Its current Relative Strength (RS) rank of 93 is well above the 80+ minimum guideline for buy candidates. Its annual earnings (A criteria) growth history has improved steadily since a downturn in FY '09. The number of top-rated funds owning its shares rose from 877 in Dec '13 to 1,015 in Sep '14, a reassuring sign concerning the I criteria.
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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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$270.31
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+3.43
1.29% |
$271.51
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3,898,219 121.55% of 50 DAV
50 DAV is 3,207,000
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$270.34 -0.01%
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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 - 11/24/2014 12:12:07 PM
G - Its 50 DMA line and prior highs define support where violations would raise concerns. Consolidating after spiking to new 52-week highs with volume-driven gains following news it plans to acquire Allergan (AGN) for $66 Billion. Did not form a sound base, and it is extended from prior highs.
>>> FEATURED STOCK ARTICLE : Perched at Highs Following Spike on Acquisition Plans - 11/24/2014
View all notes |
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CANSLIM.net Company Profile |
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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$51.93
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-0.93
-1.76% |
$53.50
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820,843 78.25% of 50 DAV
50 DAV is 1,049,000
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$53.80 -3.48%
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10/17/2014
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$45.24
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PP = $46.02
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MB = $48.32
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Most Recent Note - 11/21/2014 5:42:16 PM
G - Encountering distributional pressure while hovering near its 52-week high. Recent lows near $42 and its 50 DMA line define important near-term support. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : No Sound Base Formed, Yet Little Resistance Remains - 11/21/2014
View all notes |
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CANSLIM.net Company Profile |
SEC
News |
Chart |
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C
A N
S L
I M
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ALXN
-
NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$192.77
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-1.38
-0.71% |
$194.18
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659,807 55.26% of 50 DAV
50 DAV is 1,194,000
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$197.64 -2.46%
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10/23/2014
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$184.01
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PP = $185.53
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MB = $194.81
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Most Recent Note - 11/21/2014 5:43:36 PM
Y - Finished near the session low today with a small loss on near average volume. Still trading above its pivot point and below its "max buy" level. Prior highs in the $180 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : New High Close With Gain on Light Volume - 11/10/2014
View all notes |
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CANSLIM.net Company Profile |
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News |
Chart |
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C
A N
S L
I M
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BIDU
-
NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers
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$244.34
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+0.43
0.18% |
$245.89
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1,868,840 47.70% of 50 DAV
50 DAV is 3,918,000
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$251.99 -3.04%
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10/30/2014
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$234.08
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PP = $231.51
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MB = $243.09
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Most Recent Note - 11/21/2014 5:45:26 PM
G - Color code is changed to green after rising back above its "max buy" level with today's gap up gain on near average volume. Prior highs near $230 define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Consolidating Back Below "Max Buy" Level - 11/17/2014
View all notes |
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News |
Chart |
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C
A N
S L
I M
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EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$49.51
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-0.12
-0.24% |
$50.13
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346,014 81.22% of 50 DAV
50 DAV is 426,000
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$50.34 -1.65%
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10/23/2014
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$45.21
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PP = $46.09
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MB = $48.39
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Most Recent Note - 11/25/2014 5:31:11 PM
G - Still stubbornly holding its ground above its "max buy" level with volume totals cooling. Prior highs in the $44 area defining initial support above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs Following Technical Breakout - 11/11/2014
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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 |
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
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$75.63
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+1.62
2.19% |
$75.74
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32,196,702 84.92% of 50 DAV
50 DAV is 37,912,000
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$81.16 -6.81%
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9/9/2014
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$76.67
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PP = $76.84
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MB = $80.68
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Most Recent Note - 11/25/2014 5:33:35 PM
G - Volume was higher but still below average today while rebounding near its 50 DMA line which may act as resistance. Gains above the 50 DMA line ($76.14) are needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Following Violation 50-Day Average Acted as Resistance - 11/14/2014
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C
A N
S L
I M
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FLT
-
NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services
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$154.65
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-1.40
-0.90% |
$157.00
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458,584 61.80% of 50 DAV
50 DAV is 742,000
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$160.40 -3.58%
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10/31/2014
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$148.50
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PP = $146.29
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MB = $153.60
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Most Recent Note - 11/25/2014 5:34:51 PM
G - Holding its ground above its "max buy level" following recent volume-driven gains. Prior highs in the $146-149 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Consolidation Continues Above Prior Highs - 11/18/2014
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
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$189.21
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-1.95
-1.02% |
$192.79
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1,604,191 126.51% of 50 DAV
50 DAV is 1,268,000
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$197.37 -4.13%
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10/22/2014
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$188.77
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PP = $182.27
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MB = $191.38
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Most Recent Note - 11/25/2014 5:28:23 PM
Y - Encountered distributional pressure today while consolidating well above prior highs near $182 and above its 50 DMA line. Damaging losses below those levels would raise concerns and trigger technical sell signals. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Back Below "Max Buy" Level - 11/25/2014
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C
A N
S L
I M
|
NBCB
-
NASDAQ
First N B C Bank Hldg
Banks-Southeast
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$37.39
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+0.01
0.03% |
$37.51
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236,408 307.02% of 50 DAV
50 DAV is 77,000
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$38.18 -2.07%
|
10/31/2014
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$36.31
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PP = $35.93
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MB = $37.73
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Most Recent Note - 11/25/2014 12:38:53 PM
Y - Trading below its "max buy" level today following a volume-driven gain on the prior session. Prior highs near $34 define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Fifth Consecutive Loss While Retreating From Highs - 11/19/2014
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
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$120.19
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+6.93
6.12% |
$120.25
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7,548,551 395.83% of 50 DAV
50 DAV is 1,907,000
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$113.38 6.01%
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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 - 11/25/2014 12:43:43 PM
G - Hitting new all-time highs with today's 2nd consecutive volume-driven gain. It did not form a sound base, and the 50 DMA line defines near-term support to watch. Reported earnings +88% on +50% sales revenues for the Oct '14 quarter.
>>> FEATURED STOCK ARTICLE : Finished Near Session Low With Small Gain on Light Volume - 11/13/2014
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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 |
SNCR
-
NASDAQ
Synchronoss Technologies
COMPUTER SOFTWARE andamp; SERVICES - Application Software
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$43.11
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+0.11
0.26% |
$44.15
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591,556 89.63% of 50 DAV
50 DAV is 660,000
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$54.05 -20.24%
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10/27/2014
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$46.40
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PP = $47.81
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MB = $50.20
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Most Recent Note - 11/24/2014 1:01:51 PM
G - Halted its slide but remains below its 50 DMA line following a damaging volume-driven loss that triggered a technical sell signal. Prior lows in the $41 area acted as support, but a rebound above the 50 DMA line is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Loss on Heavy Volume a Sign of Distributional Pressure - 11/12/2014
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C
A N
S L
I M
|
STRT
-
NASDAQ
Strattec Security Corp
AUTOMOTIVE - Auto Parts
|
$105.95
|
-1.81
-1.68% |
$109.86
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21,043 80.93% of 50 DAV
50 DAV is 26,000
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$110.96 -4.52%
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11/20/2014
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$105.76
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PP = $109.54
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MB = $115.02
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Most Recent Note - 11/25/2014 5:36:40 PM
Y - Hovering near its all-time high after forming an advanced "3-weeks tight" base. Volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Prior highs coincide with its 50 DMA line defining important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Formed New Advanced "3-Weeks Tight" Base - 11/20/2014
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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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