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AFTER MARKET UPDATE - MONDAY, DECEMBER 22ND, 2014
Previous After Market Report Next After Market Report >>>
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DOW |
+154.64 |
17,959.44 |
+0.87% |
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Volume |
771,691,910 |
-68% |
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Volume |
1,566,108,550 |
-43% |
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NASDAQ |
+16.04 |
4,781.42 |
+0.34% |
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Advancers |
1,827 |
57% |
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Advancers |
1,772 |
60% |
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S&P 500 |
+7.89 |
2,078.54 |
+0.38% |
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Decliners |
1,287 |
40% |
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Decliners |
1,097 |
37% |
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Russell 2000 |
+5.92 |
1,201.86 |
+0.49% |
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52 Wk Highs |
227 |
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52 Wk Highs |
140 |
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S&P 600 |
+5.25 |
690.73 |
+0.77% |
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52 Wk Lows |
22 |
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52 Wk Lows |
42 |
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Dow and S&P 500 Index Finished at New Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Monday's gains helped the Dow Jones Industrial Average and the S&P 500 Index both finish at new all-time high closes. Breadth was positive as advancers led decliners by a 3-2 margin on the NYSE and on the Nasdaq exchange. However, the volume was reported much lighter on the NYSE and on the Nasdaq exchange, down from Friday's totals which were inflated by options expirations. There were 78 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 73 stocks. New 52-week highs expanded and outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There gains for 4 of the 10 high-ranked companies currently on the Featured Stocks Page, a list that has recently been getting trimmed.
New highs on Monday for the Dow Jones Industrial Average and S&P 500 Index, coupled with more leadership, signaled that the market (M criteria) is back in a confirmed uptrend. Remember that new buying efforts should only be made in stocks meeting all fundamental and technical guidelines of the fact-based investment system.
PICTURED: The Dow Jones Industrial Average posted a gain and ended at a new all-time high close.
Stocks started the holiday-shortened week on a positive note. The Dow gained 155 points to close at an all-time high of 17,959. The S&P 500 rose 8 points to a record level at 2,078. The NASDAQ Composite added 16 points to 4,781.
The major averages extended their winning streak to a fourth day as gains in tech and consumer discretionary offset losses in energy and health care. The market also rose even after a report showed existing home sales unexpectedly fell -6.2% in November versus a projected -1.1% decline.
Shares of Intel (INTC +2.31%) and Apple (AAPL +1.04%) rose to pace tech's advance. Consumer discretionary was higher as Southwest (LUV +2.5%) and Priceline (PCLN +3.6%). In the energy sector, ConocoPhillips (COP -2.48%) and Chevron (CVX -0.80%) as oil retreated after Saudi Arabia suggested it could increase production to accommodate new customers. Gilead Sciences (GILD -14.34%) slid after Express Scripts (ESRX +1.69%) said it would not cover the company's hepatitis C treatment.
Treasuries were little changed as the market digested a fresh $27 billion two-year note auction. Benchmark 10-year notes were flat to yield 2.16%. In commodities, WTI crude fell -3.2% to $55.28/barrel on the NYMEX. Gold slipped 1.4% to $1179.70/ounce on the COMEX amid a stronger dollar.
Disciplined investors know that new buying efforts should only be made in stocks when all fundamental and technical guidelines are met. This should be done as the stock is breaking out of a sound base pattern. Historic studies have shown that odds are not as favorable for investors when buying stocks on pullbacks.
The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert. See the Premium Member Homepage for 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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Tech, Retail, and Financial Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financial shares had a positive bias as the Broker/Dealer Index ($XBD +0.29%) and Bank Index ($BKX +0.37%) edged higher. The Networking Index ($NWX +1.05%) and the Semiconductor Index ($SOX +1.54%) rose while the Biotechnology Index ($BTK -1.14%) fell. The Gold & Silver Index ($XAU -5.77%) was a standout decliner. Energy-related shares had a slightly negative bias as the Oil Services Index ($OSX -1.26%) and the Integrated Oil Index ($XOI -0.70%) lost ground.
Charts courtesy www.stockcharts.com
PICTURED: The Retail Index ($RLX +1.39%) was a positive influence on the major averages as it hit a new high with Monday's gain..
| Oil Services |
$OSX |
213.85 |
-2.72 |
-1.26% |
-23.90% |
| Integrated Oil |
$XOI |
1,357.91 |
-9.61 |
-0.70% |
-9.66% |
| Semiconductor |
$SOX |
696.68 |
+10.59 |
+1.54% |
+30.21% |
| Networking |
$NWX |
363.55 |
+3.76 |
+1.05% |
+12.23% |
| Broker/Dealer |
$XBD |
184.77 |
+0.53 |
+0.29% |
+15.08% |
| Retail |
$RLX |
1,020.94 |
+13.99 |
+1.39% |
+8.63% |
| Gold & Silver |
$XAU |
65.36 |
-4.00 |
-5.77% |
-22.33% |
| Bank |
$BKX |
74.15 |
+0.27 |
+0.37% |
+7.06% |
| Biotech |
$BTK |
3,505.11 |
-40.47 |
-1.14% |
+50.41% |
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Gains for New Highs Backed By Lighter Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Facebook Inc (FB +$1.57 or +1.97% to $81.45) finished at a new all-time high with today's gain on lighter volume. Gains above a pivot point should be backed by a minimum of +40% above average volume to trigger a proper technical buy signal. A new pivot point was cited based on its 10/28/14 high plus 10 cents. No resistance remains due to overhead supply. The broader market averages (M criteria) also hit new highs on Monday helping to confirm that the major averages are in a confirmed uptrend. Disciplined investors avoid chasing stocks more than +5% above their pivot point and always limit losses by selling any stock that falls more than -7% from their purchase price.
The high-ranked Internet - Content firm was last shown in this FSU section on 12/04/14 with annotated graphs under the headline, "Gains Above 50-Day Moving Average Needed for Outlook to Improve". The company reported earnings +59% on +59% sales revenues for the Sep '14 quarter but warned of rising costs. That marked its 6th consecutive quarterly comparison with earnings increasing well above the +25% minimum (C criteria). Its current Up/Down Volume Ratio of 1.3 is still an unbiased indication its shares have been under some accumulation over the past 50 days. The high-ranked Internet - Content group leader has seen the number of top-rated funds owning its shares rise from 1,116 in Dec '12 to 2,417 in Sep '14, a reassuring sign concerning the I criteria. Members were previously warned - "Keep in mind that its large supply of 2.54 billion shares in the public float makes it an unlikely sprinter, especially as it is already well known by the institutional crowd and the general public."
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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
-
NYSE
Actavis plc
Medical-Generic Drugs
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$261.66
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-3.73
-1.41% |
$265.59
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1,895,631
58.74% of 50 DAV
50 DAV is 3,227,000
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$272.75
-4.07%
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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 - 12/22/2014 6:07:58 PM
G - Pulled back on lighter volume today following 3 consecutive gains on higher volume. Extended from prior highs in the $249 area defining near-term support.
>>> FEATURED STOCK ARTICLE : Consolidating After Rally on Acquisition Plans - 12/12/2014
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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$53.90
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-2.92
-5.14% |
$56.98
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1,151,098
105.70% of 50 DAV
50 DAV is 1,089,000
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$59.31
-9.12%
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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 - 12/22/2014 12:50:16 PM
G - Retreating for a 3rd consecutive loss with ever-increasing volume. Extended from any sound base. Prior highs in the $53 area define initial support above its 50 DMA line ($51.22).
>>> FEATURED STOCK ARTICLE : Extended From Sound Base Pattern Identified Earlier - 12/10/2014
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
|
ALXN
-
NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$188.15
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-1.38
-0.73% |
$189.97
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945,537
82.44% of 50 DAV
50 DAV is 1,147,000
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$203.30
-7.45%
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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 - 12/18/2014 6:15:58 PM
G - Prompt rebound above its 50 DMA line helped its outlook improve after damaging losses, but it faces resistance due to overhead supply up through $203. See the latest FSU analysis for more details with annotated graphs.
>>> FEATURED STOCK ARTICLE : Recent 50-Day Moving Average Violation Triggered Sell Signal - 12/17/2014
View all notes |
Set NEW NOTE alert |
CANSLIM.net Company Profile |
SEC
News |
Chart |
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C
A N
S L
I M
|
BIDU
-
NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers
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$234.60
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+0.37
0.16% |
$236.98
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1,656,454
45.43% of 50 DAV
50 DAV is 3,646,000
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$251.99
-6.90%
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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 - 12/19/2014 8:50:31 PM
G - Recent lows in the $217-218 area define important near-term support following its quiet rebound above its 50 DMA line. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Technical Stance - 12/19/2014
View all notes |
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News |
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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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$48.11
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-0.13
-0.27% |
$48.50
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351,004
78.00% of 50 DAV
50 DAV is 450,000
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$52.89
-9.04%
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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 - 12/22/2014 6:10:59 PM
G - Consolidating just above its 50 DMA line. Prior highs in the $46 area acted as support last week. Subsequent losses below recent lows would raise concerns and trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Violated 50-Day Moving Average Triggering Technical Sell Signal - 12/16/2014
View all notes |
Set NEW NOTE alert |
CANSLIM.net Company Profile |
SEC
News |
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 |
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
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$81.45
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+1.57
1.97% |
$81.89
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31,377,529
89.15% of 50 DAV
50 DAV is 35,195,000
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$81.16
0.36%
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12/22/2014
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$81.79
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PP = $81.26
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MB = $85.32
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Most Recent Note - 12/22/2014 6:04:56 PM
Y - A new pivot point was cited based on its 10/28/14 high plus 10 cents. It hit a new high with today's 4th consecutive gain and no resistance remains due to overhead supply. Volume-driven gains are needed to clinch a proper technical buy signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Gains for New Highs Backed By Lighter Volume - 12/22/2014
View all notes |
Set NEW NOTE alert |
CANSLIM.net Company Profile |
SEC
News |
Chart |
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$189.43
|
-0.54
-0.28% |
$191.64
|
794,946
63.39% of 50 DAV
50 DAV is 1,254,000
|
$197.37
-4.02%
|
10/22/2014
|
$188.77
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PP = $182.27
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MB = $191.38
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Most Recent Note - 12/18/2014 6:19:09 PM
G - Prompt rebound above the 50 DMA line with today's volume-driven gain helped its outlook improve, but it faces some resistance due to overhead supply up through $197.
>>> FEATURED STOCK ARTICLE : Violation of 50-Day Average Triggered Technical Sell Signal - 12/15/2014
View all notes |
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$125.72
|
+1.36
1.09% |
$128.00
|
1,592,115
88.16% of 50 DAV
50 DAV is 1,806,000
|
$125.65
0.06%
|
7/30/2014
|
$84.21
|
PP = $85.88
|
|
MB = $90.17
|
Most Recent Note - 12/18/2014 6:07:26 PM
G - Gapped up today and hit a new all-time high, but it has not formed a sound base. The 50 DMA line defines near-term support to watch below recent lows. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Latest Consolidation Was Not a Base of Sufficient Length - 12/18/2014
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C
A N
S L
I M
|
RH
-
NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores
|
$95.95
|
-0.45
-0.47% |
$97.23
|
965,801
98.55% of 50 DAV
50 DAV is 980,000
|
$100.66
-4.68%
|
12/11/2014
|
$98.66
|
PP = $94.60
|
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MB = $99.33
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Most Recent Note - 12/18/2014 6:09:36 PM
G - Color code was changed to green after trading above its "max buy" level. Disciplined investors avoid chasing stocks more than +5% above prior highs. Subsequent losses leading to a close below its old high close ($93.05 on 6/30/14) would completely negate the recent breakout and raise concerns.
>>> FEATURED STOCK ARTICLE : Close in Lower Third of Intra-day Range Indicates Disributional Pressure - 12/11/2014
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C
A N
S L
I M
|
UIHC
-
NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl
|
$21.42
|
+0.22
1.04% |
$22.10
|
221,548
91.93% of 50 DAV
50 DAV is 241,000
|
$22.32
-4.03%
|
12/5/2014
|
$20.64
|
PP = $20.31
|
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MB = $21.33
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Most Recent Note - 12/22/2014 6:13:20 PM
G - Rose above its "max buy" level as it posted a 6th consecutive gain and its color code is changed to green. Disciplined investors avoid chasing stocks more than +5% above prior highs and always limit losses by selling any stock that falls more than -7% from its purchase price.
>>> FEATURED STOCK ARTICLE : Technical Breakout Indicative of Institutional Demand - 12/5/2014
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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 |
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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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