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AFTER MARKET UPDATE - MONDAY, JUNE 30TH, 2014
Previous After Market Report Next After Market Report >>>
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DOW |
-25.24 |
16,826.60 |
-0.15% |
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Volume |
776,293,260 |
-47% |
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Volume |
1,696,187,450 |
-32% |
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NASDAQ |
+10.25 |
4,408.18 |
+0.23% |
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Advancers |
1,837 |
58% |
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Advancers |
1,546 |
55% |
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S&P 500 |
-0.73 |
1,960.23 |
-0.04% |
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Decliners |
1,216 |
38% |
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Decliners |
1,193 |
42% |
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Russell 2000 |
+3.46 |
1,192.96 |
+0.29% |
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52 Wk Highs |
274 |
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52 Wk Highs |
103 |
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S&P 600 |
+2.26 |
682.87 |
+0.33% |
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52 Wk Lows |
8 |
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52 Wk Lows |
18 |
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Major Averages Tallied Both Monthly and Quarterly Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the month, the Dow was up +0.7%, the S&P 500 rose +1.9% while the NASDAQ gained +3.9%. Stocks finished little changed on Monday. The volume was reported higher than the prior session total on the NYSE and on the Nasdaq exchange, a reassuring sign that the institutional crowd did some buying. Breadth was positive as advancers led decliners by a 2-1 margin on the NYSE and by a 7-4 margin on the Nasdaq exchange. There were 58 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 Friday's total of 50 stocks. New 52-week highs expanded and solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 12 of the 15 high-ranked companies currently included on the Featured Stocks Page. The S&P 500 Index and Dow Jones Industrial Average recently surged into new high territory with healthy leadership (new 52-week highs) sending a reassuring signal that the market direction (M criteria) is in a "confirmed uptrend". Any new buying efforts should be selective and focused in stocks meeting all key criteria of the fact-based investment system.
PICTURED: The Dow Jones Industrial Average is consolidating above its upward trendline and 50-day moving average (DMA) line.
With June's advance, the major averages posted positive second-quarter performance. The Dow Jones Industrial Average was up +2.2%, the S&P 500 Index increased +4.7% and Nasdaq Composite Index climbed +5%.
The major averages were mixed on the final trading day of June as investors weighed updates on the economy. Shortly after the open, a report showed the pace of Midwest business activity slowed this month. Home builders rose after a release revealed pending home sales climbed +6.1% in May. Shares of D.R. Horton (DHI +3.15%). Monday's choppy market action was also attributed to quarter-end portfolio rebalancing and investor caution ahead of the employment report released on Thursday.
Dominion Resources (D +1%) rose as utilities and materials were the best performing sectors in the S&P 500. International Paper (IP +2.9%) rose following a positive article in Barron's over the weekend. Health care and telecom were down the most on the session as Eli Lilly (LLY -1.47%) and Verizon (VZ -0.8%) fell.
Treasuries ended June on a positive note with the 10-year note up 2/32 to yield 2.53%.
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.
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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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Gold & Silver, Oil Services, and Semiconductor Indexes Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Gold & Silver Index ($XAU +1.78%) was a standout gainer and the Oil Services Index ($OSX +0.70%) rose while the Integrated Oil Index ($XOI -0.14%) edged lower. The Semiconductor Index ($SOX +1.06%) led the tech sector and the Biotechnology Index ($BTK +0.43%) edged higher while the Networking Index ($NWX -0.07%) finished flat. The Broker/Dealer Index ($XBD +0.35%) posted a small gain while the Bank Index ($BKX +0.01%) and the Retail Index ($RLX +0.06%) finished flat.
Charts courtesy www.stockcharts.com
PICTURED: The Semiconductor Index ($SOX +1.06%) rose near its 2014 high.
| Oil Services |
$OSX |
311.02 |
+2.16 |
+0.70% |
+10.67% |
| Integrated Oil |
$XOI |
1,681.83 |
-2.44 |
-0.14% |
+11.89% |
| Semiconductor |
$SOX |
635.93 |
+6.66 |
+1.06% |
+18.86% |
| Networking |
$NWX |
335.47 |
-0.23 |
-0.07% |
+3.56% |
| Broker/Dealer |
$XBD |
159.68 |
+0.55 |
+0.35% |
-0.55% |
| Retail |
$RLX |
888.66 |
+0.54 |
+0.06% |
-5.44% |
| Gold & Silver |
$XAU |
100.86 |
+1.76 |
+1.78% |
+19.86% |
| Bank |
$BKX |
71.31 |
+0.01 |
+0.01% |
+2.96% |
| Biotech |
$BTK |
2,776.28 |
+11.80 |
+0.43% |
+19.13% |
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Gap Up Gain on Above Average Volume for New Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Palo Alto Networks (PANW +$2.64 or +3.25% to $83.85) gapped up and hit new 52-week and all-time highs while trading +73% above average volume behind with today's 4th consecutive gain. The high-ranked leader was last shown in this FSU section with annotated graphs on 6/12/14 under the headline, "Encountered Distributional Pressure After Touching New 52-Week High". Since then it stubbornly held its ground but it had made limited headway from the prior "double bottom" base, while it was previously noted - "Subsequent gains into new high territory (N criteria) could help it gain additional upward momentum. Keep in mind that disciplined investors avoid chasing stocks extended more than +5% above their prior high or pivot point, and they always limit losses by selling any stocks that fall more than -7% from their purchase price."
Prior highs near $80 define initial support to watch on pullbacks now that it has distanced itself from that previous resistance level. PANW was first highlighted in yellow with pivot point cited based on its 4/22/14 high in the 5/29/14 mid-day report (read here). The gap up gain was backed by 5 times average volume as it completed a bullish "double bottom" base and triggered a technical buy signal.
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 359 in Mar '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. The Computer Software - Security group currently has a B+ rating, reflecting decent leadership (L criteria) in the group.
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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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$223.05
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-0.22
-0.10% |
$225.32
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6,314,194
299.39% of 50 DAV
50 DAV is 2,109,000
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$230.77
-3.35%
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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 - 6/30/2014 5:32:48 PM
Y - Enduring distributional pressure for the past 2 sessions while perched within striking distance of its 52-week high. Subsequent volume-driven gains to new highs may trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Volume Above Average as Generic Drug Firm Approaches Highs - 6/24/2014
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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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$41.81
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+0.26
0.63% |
$42.20
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398,562
99.39% of 50 DAV
50 DAV is 401,000
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$47.10
-11.23%
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5/21/2014
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$44.85
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PP = $44.85
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MB = $47.09
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Most Recent Note - 6/27/2014 4:51:35 PM
G - Relative Strength rating has slumped to 79, below the 80+ minimum guideline for buy candidates while this week it quietly sank below its 50 DMA line ($42.07) raising concerns. A prompt rebound above the 50 DMA line is needed to help its outlook improve.
>>> FEATURED STOCK ARTICLE : Halted Slide at 50-Day Moving Average After Distributional Pressure - 6/6/2014
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C
A N
S L
I M
|
AL
-
NYSE
Air Lease Corp Cl A
DIVERSIFIED SERVICES - Rental and Leasing Services
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$38.58
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+0.40
1.05% |
$39.02
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743,456
69.42% of 50 DAV
50 DAV is 1,071,000
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$42.89
-10.05%
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5/9/2014
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$38.27
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PP = $38.25
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MB = $40.16
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Most Recent Note - 6/27/2014 5:11:13 PM
G - Small loss today with above average volume raised concerns as it closed just below its 50 DMA line ($38.63). Any violation of its recent low ($36.55 on 6/13/17) would raise serious concerns and trigger a worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Enduring Mild Distributional Pressure on Pullback - 6/11/2014
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C
A N
S L
I M
|
BITA
-
NYSE
Bitauto Hldgs Ltd Ads
Internet-Content
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$48.70
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+2.44
5.27% |
$49.19
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1,364,625
149.63% of 50 DAV
50 DAV is 912,000
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$47.50
2.53%
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6/26/2014
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$46.20
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PP = $47.03
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MB = $49.38
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Most Recent Note - 6/30/2014 11:54:54 AM
Y - Hit a new 52-week high and rallied above its pivot point with above average volume behind today's 4th consecutive gain. See the latest FSU analysis for more details and annotated graphs. The 6/26/14 mid-day report (read here) noted - "A gain above the pivot point backed by at least +40% above average volume could trigger a technical buy signal."
>>> FEATURED STOCK ARTICLE : Perched At High With No Resistance Remaining Due to Overhead Supply - 6/27/2014
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C
A N
S L
I M
|
BWLD
-
NASDAQ
Buffalo Wild Wings Inc
LEISURE - Restaurants
|
$165.71
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+1.58
0.96% |
$165.83
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460,733
103.77% of 50 DAV
50 DAV is 444,000
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$166.40
-0.41%
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6/19/2014
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$158.52
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PP = $159.91
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MB = $167.91
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Most Recent Note - 6/27/2014 5:03:14 PM
Y - Churned above average volume today while hovering near its 52-week high. A considerable volume-driven gain above its pivot point on 6/23/14 triggered a technical buy signal. No resistance remains due to overhead supply. 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 their purchase price.
>>> FEATURED STOCK ARTICLE : Perched Near Highs With Strong Fundamentals - 6/19/2014
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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 |
EQM
-
NYSE
E Q T Midstream Partners
ENERGY - Oil and Gas Pipelines
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$96.74
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+0.20
0.21% |
$97.46
|
119,671
28.36% of 50 DAV
50 DAV is 422,000
|
$102.51
-5.63%
|
12/12/2013
|
$53.17
|
PP = $56.51
|
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MB = $59.34
|
Most Recent Note - 6/25/2014 5:18:55 PM
G - Strength has continued despite fundamental flaws repeatedly noted. It is very extended from any sound base. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Strength Continued Despite Fundamental Flaws - 6/25/2014
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C
A N
S L
I M
|
GRFS
-
NASDAQ
Grifols Sa Ads
Medical-Ethical Drugs
|
$44.05
|
+0.14
0.32% |
$44.27
|
337,426
48.97% of 50 DAV
50 DAV is 689,000
|
$46.66
-5.59%
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5/15/2014
|
$41.14
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PP = $43.55
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MB = $45.73
|
Most Recent Note - 6/27/2014 5:06:01 PM
Y - Halted its slide today with a small gain on light volume. Subsequent deterioration below its 50 DMA line would raise more serious concerns. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. Keep in mind that any stock which is sold can be bought again later if strength returns.
>>> FEATURED STOCK ARTICLE : Consolidating Just Below "Max Buy" Level - 6/17/2014
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C
A N
S L
I M
|
HF
-
NYSE
H F F Inc Cl A
REAL ESTATE - Property Management/Developmen
|
$37.19
|
-0.18
-0.48% |
$37.41
|
270,152
142.94% of 50 DAV
50 DAV is 189,000
|
$37.58
-1.04%
|
6/20/2014
|
$34.60
|
PP = $36.16
|
|
MB = $37.97
|
Most Recent Note - 6/27/2014 1:00:05 PM
Y - Hitting another new 52-week high with a gain today following 4 volume-driven gains in the span of 5 sessions. Its solid gain above its pivot point on the prior session with +73% above average volume triggered a technical buy signal.
>>> FEATURED STOCK ARTICLE : Approached 52-Week High With Volume-Driven Gain - 6/23/2014
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C
A N
S L
I M
|
ICON
-
NASDAQ
Iconix Brand Group Inc
CONSUMER NON-DURABLES - Textile - Apparel Footwear
|
$42.94
|
+0.19
0.44% |
$43.05
|
601,522
107.22% of 50 DAV
50 DAV is 561,000
|
$44.81
-4.17%
|
6/5/2014
|
$43.54
|
PP = $43.44
|
|
MB = $45.61
|
Most Recent Note - 6/27/2014 5:08:32 PM
Y - Small gain today with above average volume while consolidating above its 50 DMA line ($41.93) and prior highs in the $43-42 area defining important support to watch.
>>> FEATURED STOCK ARTICLE : Found Support Above Prior Highs During Consolidation - 6/18/2014
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C
A N
S L
I M
|
KS
-
NYSE
Kapstone Paper&Packaging
MANUFACTURING - Paper and Packaging
|
$33.13
|
-0.21
-0.63% |
$33.80
|
993,842
106.07% of 50 DAV
50 DAV is 937,000
|
$34.43
-3.78%
|
6/20/2014
|
$32.30
|
PP = $31.92
|
|
MB = $33.52
|
Most Recent Note - 6/27/2014 4:58:24 PM
Y - Tallied a small gain today with light volume and finished at a best-ever close very near its "max buy" level. Prior highs near $32 define initial support to watch on pullbacks. Held its ground stubbornly since highlighted in yellow while rallying from a "cup-with-handle" base in the 6/20/14 mid-day report (read here).
>>> FEATURED STOCK ARTICLE : Four Times Average Volume Behind Big Breakout Gain - 6/20/2014
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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 |
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$83.85
|
+2.64
3.25% |
$85.78
|
3,073,954
173.57% of 50 DAV
50 DAV is 1,771,000
|
$82.27
1.92%
|
5/29/2014
|
$75.95
|
PP = $72.50
|
|
MB = $76.13
|
Most Recent Note - 6/30/2014 5:35:39 PM
G - Gapped up and hit a new all-time high with +73% above average volume behind with today's 4th consecutive gain. Prior highs near $80 define initial support to watch on pullbacks. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Gap Up Gain on Above Average Volume for New Highs - 6/30/2014
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C
A N
S L
I M
|
SN
-
NYSE
Sanchez Energy Corp
ENERGY - Independent Oil and Gas
|
$37.59
|
+0.47
1.27% |
$37.84
|
1,072,147
69.08% of 50 DAV
50 DAV is 1,552,000
|
$38.95
-3.49%
|
5/22/2014
|
$33.00
|
PP = $31.59
|
|
MB = $33.17
|
Most Recent Note - 6/25/2014 3:57:57 PM
G - Rebounding toward its 52-week high with today's big gain. It is very extended from its prior base. Disciplined investors avoid chasing extended stocks. Prior highs near $31-32 define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Finished Near Session Low After Hitting new 52-Week High - 6/9/2014
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C
A N
S L
I M
|
TARO
-
NYSE
Taro Pharmaceutical Inds
DRUGS - Drug Manufacturers - Other
|
$140.24
|
+2.27
1.65% |
$140.49
|
119,470
213.34% of 50 DAV
50 DAV is 56,000
|
$138.67
1.13%
|
6/26/2014
|
$117.31
|
PP = $118.90
|
|
MB = $124.85
|
Most Recent Note - 6/30/2014 12:17:33 PM
G - Hitting another new high with today's 4th consecutive gain. Triggered a technical buy signal and quickly got extended with a considerable volume-driven gain on the prior session just one day after highlighted in yellow in the 6/26/14 mid-day report (read here). Disciplined investors avoid chasing stocks more than +5% above prior highs.
>>> FEATURED STOCK ARTICLE : Fundamentally Strong Stock Challenging Prior Resistance Level - 6/26/2014
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C
A N
S L
I M
|
TRN
-
NYSE
Trinity Industries Inc
TRANSPORTATION - Railroads
|
$43.72
|
+0.64
1.49% |
$43.94
|
2,838,422
83.88% of 50 DAV
50 DAV is 3,384,000
|
$44.87
-2.56%
|
4/30/2014
|
$37.79
|
PP = $38.03
|
|
MB = $39.93
|
Most Recent Note - 6/27/2014 5:14:24 PM
G - Hit a new 52-week high today but it erased most of its gain and ended near the session low while trading above average volume, a sign of distributional pressure termed "churning". Previously noted - "It is extended from its prior base. Recent lows in the $39-40 area and its 50 DMA line coincide defining important near-term support to watch. Do not be confused by the 2:1 share split effective 6/20/14 (Featured Price, Pivot Point, and Max Buy level have been adjusted accordingly)."
>>> FEATURED STOCK ARTICLE : Recent Lows and 50-Day Moving Average Line Define Near-Term Support - 6/16/2014
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A N
S L
I M
|
WLK
-
NYSE
Westlake Chemical Corp
CHEMICALS - Specialty Chemicals
|
$83.76
|
+0.20
0.24% |
$84.18
|
274,199
38.46% of 50 DAV
50 DAV is 713,000
|
$85.01
-1.47%
|
4/29/2014
|
$72.79
|
PP = $69.31
|
|
MB = $72.78
|
Most Recent Note - 6/27/2014 4:53:22 PM
G - Hovering near its 52-week high, extended from any sound base pattern. Prior highs near $77 define important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Chemical Firm Quietly Posted 7th Consecutive Weekly Gain - 6/13/2014
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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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