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AFTER MARKET UPDATE - THURSDAY, MAY 1ST, 2014
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DOW |
-21.97 |
16,558.87 |
-0.13% |
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Volume |
682,234,830 |
-24% |
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Volume |
1,908,391,210 |
-0% |
NASDAQ |
+12.89 |
4,127.45 |
+0.31% |
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Advancers |
1,753 |
55% |
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Advancers |
1,288 |
47% |
S&P 500 |
-0.27 |
1,883.68 |
-0.01% |
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Decliners |
1,316 |
41% |
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Decliners |
1,365 |
50% |
Russell 2000 |
-0.89 |
1,125.97 |
-0.08% |
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52 Wk Highs |
129 |
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52 Wk Highs |
59 |
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S&P 600 |
-1.34 |
650.63 |
-0.21% |
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52 Wk Lows |
34 |
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52 Wk Lows |
70 |
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Leadership Expanded But Major Averages Ended Session Mixed
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major indices ended mixed on Thursday's session. The volume was reported lighter than the prior session total on the NYSE and very near the prior session volume total on the Nasdaq exchange. Advancers led decliners by a 9-7 margin on the NYSE, but decliners narrowly led advancers on the Nasdaq exchange. There were 41 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 total of 21 stocks on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE while new lows outnumbered new highs on the Nasdaq exchange for the 5th session in a row. Only 1 of the 6 high-ranked companies currently included on the Featured Stocks Page ended the session with a gain. The Dow Jones Industrial Average managed a new all-time high close on Wednesday's session. However, the gain was not considered enough for the Market (M criteria) to earn the label of returning to a "confirmed uptrend" per the newspaper. Therefore, confirming gains would be a welcome reassurance to still be watching for, and then any new buying efforts should be selective and only focused in stocks meeting all key criteria of the fact-based investment system. Keep in mind that any sustained and meaningful market advance requires leadership - a healthy crop of stocks hitting new 52-week highs.
The major averages ended a choppy session mixed as investors weighed the latest economic and earnings releases. Before the open, reports showed weekly jobless claims rose to a two-month high while consumer spending increased by the most since 2009. A separate release revealed manufacturing activity expanded at a faster-than-expected pace last month. Market action was muted ahead of Friday's jobs report. Projections are non-farm payrolls increased 215,000 in April and the unemployment rate declined to -6.6%.
On the earnings front, Yelp (YELP +9.77%) rose after raising its revenue forecast. Shares of Avon Products (AVP -10.21%) fell as quarterly profits missed analyst estimates.
Consumer discretionary and telecom were up the most on M&A chatter. DirecTV (DTV +4.07%) rose on news AT&T (T -0.34%) approached the company about a merger. Shares of T-Mobile (TMUS +8.06%) rallied after adding more wireless subscribers than expected in the first-quarter and amid reports Sprint (S +2.71%) is preparing to make a bid to acquire its rival. Materials were the worst performing group on the session. Dow Chemical (DOW -2.38%).
Treasuries were higher with 10-year note up 9/32 to 2.61%.
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. Watch for an announcement via email concerning the next WEBCAST.
PICTURED: The Nasdaq Composite Index is consolidating above its 200-day moving average line and recent lows defining near-term support to watch.
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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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Retail and Biotechnology Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups had a negative bias as the Gold & Silver Index ($XAU -1.38%) and the Oil Services Index ($OSX -0.75%) lost ground while the Integrated Oil Index ($XOI -0.02%) finished flat. The Bank Index ($BKX -0.35%) and the Broker/Dealer Index ($XBD -0.28%) were slightly negative while the Retail Index ($RLX +0.59%) was a positive influence on the major indices. The Biotechnology Index ($BTK +0.73%) led the tech sector while the Semiconductor Index ($SOX -0.37%) edged lower and the Networking Index ($NWX +0.04%) finished flat.
Charts courtesy www.stockcharts.com
PICTURED: The Gold & Silver Index ($XAU -1.38%) is sputtering near its prior lows, trading below both its 50-day and 200-day moving average (DMA) lines.
Oil Services |
$OSX |
291.81 |
-2.21 |
-0.75% |
+3.84% |
Integrated Oil |
$XOI |
1,610.33 |
-0.36 |
-0.02% |
+7.13% |
Semiconductor |
$SOX |
573.86 |
-2.11 |
-0.37% |
+7.26% |
Networking |
$NWX |
328.38 |
+0.13 |
+0.04% |
+1.37% |
Broker/Dealer |
$XBD |
155.37 |
-0.44 |
-0.28% |
-3.23% |
Retail |
$RLX |
863.49 |
+5.04 |
+0.59% |
-8.12% |
Gold & Silver |
$XAU |
90.99 |
-1.27 |
-1.38% |
+8.13% |
Bank |
$BKX |
68.19 |
-0.24 |
-0.35% |
-1.54% |
Biotech |
$BTK |
2,532.98 |
+18.33 |
+0.73% |
+8.69% |
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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. This can serve as an educational review of the investment system's tactics. It is also 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 |
EQM
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NYSE
E Q T Midstream Partners
ENERGY - Oil and Gas Pipelines
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$76.57
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-0.46
-0.60% |
$78.67
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319,749 307.45% of 50 DAV
50 DAV is 104,000
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$77.77 -1.54%
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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 - 5/1/2014 11:53:36 AM
G - Perched at an all-time high, it announced a new Public Offering of 8.75 Million shares. Fundamental concerns remain. Its 50 DMA line ($69.43) defines near-term support where a violation may trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Stength Contiunues; Earnings Below +25% Minimum Guideline for a 2nd Quarter - 4/28/2014
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
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GNRC
-
NYSE
Generac Hldgs Inc
Electrical-Power/Equipmt
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$54.53
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-4.35
-7.39% |
$58.04
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3,492,644 602.18% of 50 DAV
50 DAV is 580,000
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$62.50 -12.75%
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2/14/2014
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$56.50
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PP = $57.39
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MB = $60.26
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Most Recent Note - 5/1/2014 11:58:44 AM
G - Reported earnings for the Mar '14 quarter and violated support at its 50 DMA line with a volume-driven loss today. Also undercut its recent low ($55.27 on 4/14/14) raising greater concerns. Color code is changed to green.
>>> FEATURED STOCK ARTICLE : Finished Just Below its 50-Day Average Line - 4/11/2014
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
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ICON
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NASDAQ
Iconix Brand Group Inc
CONSUMER NON-DURABLES - Textile - Apparel Footwear
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$42.48
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-0.02
-0.05% |
$43.34
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941,763 160.71% of 50 DAV
50 DAV is 586,000
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$42.50 -0.05%
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4/30/2014
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$42.50
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PP = $42.57
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MB = $44.70
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Most Recent Note - 4/30/2014 6:06:31 PM
Y - Reported earnings +33% on +11% sales revenues for the Mar '14 quarter, continuing its strong earnings track record satisfying the C criteria. Finished at the session high and a new 52-week high today with a considerable volume-driven gain. No resistance remains due to overhead supply. Color code is changed to yellow with new pivot point cited based on its 3/06/14 high plus 10 cents. Finished near the new pivot point, and confirming gains with above average volume could trigger a new technical buy signal.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Average Needed to Improve Outlook - 4/24/2014
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
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PSIX
-
NASDAQ
Power Solutions Intl Inc
Machinery-Gen Industrial
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$85.88
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+3.13
3.78% |
$86.75
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66,826 94.12% of 50 DAV
50 DAV is 71,000
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$87.40 -1.74%
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2/28/2014
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$74.65
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PP = $76.93
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MB = $80.78
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Most Recent Note - 5/1/2014 6:03:20 PM
G- No resistance remains due to overhead supply after it finished at a best-ever close with today's 4th consecutive gain. The 50 DMA line defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : Halted Slide After Slump Below 50-Day Moving Average - 4/14/2014
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
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TRN
-
NYSE
Trinity Industries Inc
TRANSPORTATION - Railroads
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$74.29
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-0.77
-1.03% |
$75.35
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2,561,268 195.52% of 50 DAV
50 DAV is 1,310,000
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$77.00 -3.52%
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4/30/2014
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$75.57
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PP = $76.05
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MB = $79.85
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Most Recent Note - 5/1/2014 12:25:44 PM
Y - Pulling back today following a weak finish on the prior session after highlighted in yellow with pivot point cited based on its 3/21/14 high plus 10 cents in the 4/30/14 mid-day report (read here). Gapped up hitting a new 52-week high but failed to close above the pivot point and clinch a technical buy signal. Reported earnings +213% on +57% sales revenues for the Mar '14 quarter, and prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) have improved following a downturn in FY '08-10. Found support at its 50 DMA line while making gradual progress. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Finished Near Session Lows After Encountering Distributional Pressure - 4/30/2014
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
|
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
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NYSE
Westlake Chemical Corp
CHEMICALS - Specialty Chemicals
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$70.86
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-0.34
-0.48% |
$71.13
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776,247 116.20% of 50 DAV
50 DAV is 668,000
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$73.38 -3.43%
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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 - 4/30/2014 12:43:10 PM
Y - Highlighted in yellow with pivot point cited based on its 4/04/14 high in the 4/29/14 mid-day report (read here). The plastics maker separated its ethylene assets into a tax-advantaged partnership in which it plans to sell shares to the public. Holding its ground today, it gapped up and tallied a considerable gain with more than 4 times average volume for a new 52-week high on the prior session triggering a technical buy signal while rallying from a "double bottom" base. Quarterly earnings increases have been above the +25% minimum (C criteria) in comparisons through Dec '13. Keep in mind that 3 out of 4 stocks tend to move in the same direction of the major averages (M criteria) and confirming gains from the major averages are still needed as reassurance the broader market is strong. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Technical Breakout From Double Bottom Base Pattern - 4/29/2014
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
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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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only to active Paid Premium Members.
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by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307
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