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AFTER MARKET UPDATE - THURSDAY, OCTOBER 30TH, 2014
Previous After Market Report Next After Market Report >>>
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DOW |
+221.11 |
17,195.42 |
+1.30% |
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Volume |
729,768,310 |
-9% |
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Volume |
1,880,293,200 |
-6% |
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NASDAQ |
+16.91 |
4,566.14 |
+0.37% |
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Advancers |
1,961 |
62% |
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Advancers |
1,757 |
59% |
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S&P 500 |
+12.35 |
1,994.65 |
+0.62% |
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Decliners |
1,118 |
35% |
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Decliners |
1,081 |
37% |
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Russell 2000 |
+9.40 |
1,155.77 |
+0.82% |
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52 Wk Highs |
204 |
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52 Wk Highs |
127 |
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S&P 600 |
+4.90 |
668.48 |
+0.74% |
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52 Wk Lows |
62 |
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52 Wk Lows |
59 |
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Major Averages Rose With Less Volume Conviction
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major averages tallied gains on Thursday, but behind the gains the volume totals were reported lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by about a 9-5 margin on the NYSE and on the Nasdaq exchange. Leadership remained strong as there were 80 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 78 stocks. The new 52-week highs totals easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were gains for 7 of the 10 high-ranked companies currently on the Featured Stocks Page, a list which recently gained several new companies as broader market conditions improved. Disciplined investors know that new buying efforts may be made under the fact-based investment system only in stocks meeting all key criteria.
PICTURED: The Dow Jones Industrial Average rallied for a big gain and closed the session -0.8% off its all-time high.
Stocks finished higher on Thursday. The Dow rose 221 points to 17,195. Visa (V +10.24%) contributed the most to the index's advance, rallying following its positive earnings release. The S&P 500 gained 12 points to 1,994. The NASDAQ Composite was up 17 points to 4,566.
The major averages ended a choppy session in positive territory following generally encouraging economic data. Third-quarter GDP grew at a 3.5% annualized rate versus a projected 3% increase. Weekly jobless claims rose 3,000 to 287,000 while the four-week average fell to a 14-year low.
On the earnings front, MasterCard (MA +9.40%) jumped results topped projections. Johnson Controls (JCI +3.08%) after profits exceeded analyst estimates. Avon Products (AVP -9.03%) tumbled on its revenue shortfall.
Utilities and health care were up the most on the session. Exelon (EXC +4.02%) was higher. Bristol-Myers (BMY +8.90%) on positive trial data for its experimental lung cancer treatment. Energy and tech were among the worst performing sectors. Shares of Intel (INTC -3.90%) fell. Exxon (XOM -0.15%) edged lower in sympathy with a decline by crude oil.
Treasuries were slightly higher with the 10-year note up 3/32 to yield 2.31%. In commodities, WTI crude oil slumped -1.5% to $80.96/barrel on the NYMEX. COMEX gold futures dropped -2.2% to $1198.30/ounce, contributing the to big decline for the Gold & Silver Index (see the Industry Group Watch section of the After Market Update - read here).
Large gains on 10/21/14 backed by higher volume totals while leadership (stocks hitting new 52-week highs) expanded met the definition of a "follow-through day" confirming a new uptrend for the market (M criteria). The S&P 500 Index, Nasdaq Composite Index, and the Dow Jones Industrial Average have collectively rebounded above their respective 50-day and 200-day moving average (DMA) lines, technically putting the market in a healthier stance.
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.
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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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Networking, Biotech, and Retail Indexes Rose; XAU Hammered Again
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.01%) was a positive influence on the major averages on Thursday, and the Bank Index ($BKX +0.24%) and Broker/Dealer Index ($XBD +0.06%) both edged higher. The tech sector has a mostly positive bias as the Networking Index ($NWX +2.87%) outpaced the Biotechnology Index ($BTK +1.68%), but the Semiconductor Index ($SOX -1.16%) lost ground. Energy-related shares were indecisive as the Oil Services Index ($OSX -0.19%) and the Integrated Oil Index ($XOI -0.04%) finished fairly flat. Meanwhile, the Gold & Silver Index ($XAU -6.76%) tumbled hard and it was a standout decliner.
Charts courtesy www.stockcharts.com
PICTURED: The Semiconductor Index ($SOX -1.16%) lost ground after it met resistance at its 50-day moving average (DMA) line following a rebound from below its 200 DMA line..
| Oil Services |
$OSX |
244.95 |
-0.47 |
-0.19% |
-12.84% |
| Integrated Oil |
$XOI |
1,461.96 |
-0.56 |
-0.04% |
-2.74% |
| Semiconductor |
$SOX |
616.96 |
-7.23 |
-1.16% |
+15.31% |
| Networking |
$NWX |
327.76 |
+9.15 |
+2.87% |
+1.18% |
| Broker/Dealer |
$XBD |
170.95 |
+0.11 |
+0.06% |
+6.47% |
| Retail |
$RLX |
942.20 |
+9.38 |
+1.01% |
+0.26% |
| Gold & Silver |
$XAU |
67.97 |
-4.93 |
-6.76% |
-19.23% |
| Bank |
$BKX |
71.19 |
+0.17 |
+0.24% |
+2.79% |
| Biotech |
$BTK |
3,348.67 |
+55.49 |
+1.68% |
+43.69% |
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Technical Breakout on Triple Average Volume Following Strong Earnings
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Baidu Inc. (BIDU +$12.46 or +5.55% to $237.01) was highlighted in yellow with pivot point cited based on its 9/19/14 high plus 10 cents in the earlier mid-day report (read here). It reported earnings +28% on +52% sales revenues for the Sep '14 quarter, marking its 3rd consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). Volume and volatility often increase near earnings news.
It rallied to a new 52-week high with 3 times average volume, and the strong finish clinched a convincing technical buy signal. No resistance remains due to overhead supply. Not long ago it rebounded with volume-driven gains after a recent dip below its 50-day moving average (DMA) line toward prior highs and its 200 DMA line.
The high-ranked Internet - Content firm has a great annual earnings (A criteria) track record. It was dropped from the Featured Stocks list on 8/06/11, and subsequently went through a long and deep consolidation below its 200 DMA line before rebounding. Its last appearance in this FSU section was on 7/28/11 with annotated graphs under the headline, "Pulling Back After Gapping Up From 14-Week Cup Shaped Base". It made limited headway after featured in the 7/26/11 mid-day report (read here), then on 8/05/11 it was noted when dropped from the Featured Stocks list - and members were reminded - "The greatest concern may be the weak action in the broader market (M criteria) which trumps all other criteria, since 3 out of 4 stocks generally follow the direction of the major averages."
Return On Equity reported at 34% helps, as that is well above the 17% minimum guideline. The number of top-rated funds owning its shares rose from 1,114 in Mar '14 to to 1,220 in Sep '14, so investors have 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
-
NYSE
Actavis plc
Medical-Generic Drugs
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$243.21
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+4.43
1.86% |
$245.00
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1,743,003
81.52% of 50 DAV
50 DAV is 2,138,000
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$249.94
-2.69%
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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 - 10/30/2014 3:13:16 PM
G - Color code is changed to green after rallying beyond its "max buy" level and hitting a new 52-week high today. Prior highs near $179 define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Quiet Gains Help Generic Drug Firm Rise Above 50-Day Average - 10/21/2014
View all notes |
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Chart |
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C
A N
S L
I M
|
AFSI
-
NASDAQ
Amtrust Financial Svcs
INSURANCE - Property and; Casualty Insurance
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$44.11
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-1.93
-4.19% |
$46.25
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1,494,565
182.71% of 50 DAV
50 DAV is 818,000
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$53.50
-17.55%
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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 - 10/30/2014 6:03:52 PM
G - Slumped back into the prior base today with another damaging volume-driven loss. Completely negated the recent technical breakout and raised concerns while slumping toward its 50 DMA line ($43.13). Abruptly retreated from its 52-week high following an analyst downgrade.
>>> FEATURED STOCK ARTICLE : Perched Near High After Rebounding From 200-Day Average - 10/17/2014
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C
A N
S L
I M
|
ALXN
-
NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$192.93
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+2.44
1.28% |
$194.20
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1,144,940
95.73% of 50 DAV
50 DAV is 1,196,000
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$193.90
-0.50%
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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 - 10/28/2014 6:34:35 PM
Y - Inched higher for another new 52-week high with today's 4th consecutive gain backed by lighter volume. Prior highs in the $180 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Finished Strong After Gapping Up Above Prior High - 10/23/2014
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C
A N
S L
I M
|
BIDU
-
NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers
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$237.01
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+12.46
5.55% |
$237.55
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10,565,135
310.10% of 50 DAV
50 DAV is 3,407,000
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$231.41
2.42%
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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 - 10/30/2014 6:13:05 PM
Y - Finished strong and clinched a convincing technical buy signal after highlighted in yellow with pivot point cited based on its 9/19/14 high plus 10 cents in the earlier mid-day report (read here). Reported earnings +28% on +52% sales revenues for the Sep '14 quarter, its 3rd consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Technical Breakout on Triple Average Volume Following Strong Earnings - 10/30/2014
View all notes |
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C
A N
S L
I M
|
EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$47.14
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-0.08
-0.17% |
$47.50
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389,317
104.10% of 50 DAV
50 DAV is 374,000
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$47.47
-0.70%
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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 - 10/28/2014 6:36:48 PM
Y - Posted a 3rd gain with above average volume in the span of 4 sessions and ended at a best-ever close. Near term support to watch is at prior highs in the $44 area. Considerable gain on the prior session with more than 3 times average volume cleared the pivot point cited triggering a technical buy signal.
>>> FEATURED STOCK ARTICLE : Pulled Back After Challenging Prior Highs - 10/24/2014
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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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$74.11
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-1.75
-2.31% |
$75.35
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82,965,483
221.95% of 50 DAV
50 DAV is 37,381,000
|
$81.16
-8.69%
|
9/9/2014
|
$76.67
|
PP = $76.84
|
|
MB = $80.68
|
Most Recent Note - 10/30/2014 1:01:31 PM
G - Falling again today with above average volume after a 50 DMA line violation on 3 times average volume raised concerns and triggered a technical sell signal on the prior session. Volume and volatility often increase near earnings news. The company reported earnings +59% on +59% sales for the Sep '14 quarter but warned of rising costs. Historic studies show that investors have a far better chance of success when buying as a stock is breaking out, not buying on pullbacks. See the latest FSU analysis for more details and annotated graphs.
>>> FEATURED STOCK ARTICLE : Gapped Down Following Latest Strong Earnings Report - 10/29/2014
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$193.42
|
+4.54
2.40% |
$194.77
|
1,277,331
101.86% of 50 DAV
50 DAV is 1,254,000
|
$192.87
0.29%
|
10/22/2014
|
$188.77
|
PP = $182.27
|
|
MB = $191.38
|
Most Recent Note - 10/30/2014 3:06:47 PM
G - Color code is changed to green while hitting a new 52-week high today and rallying above its "max buy" level. Prior highs near $182 define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Breakout Cleared "Double Bottom" Base Pattern - 10/22/2014
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$104.93
|
+1.37
1.32% |
$105.39
|
1,167,070
51.57% of 50 DAV
50 DAV is 2,263,000
|
$108.50
-3.29%
|
7/30/2014
|
$84.21
|
PP = $85.88
|
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MB = $90.17
|
Most Recent Note - 10/28/2014 6:47:07 PM
G - Perched near its 52-week high, extended from any sound base. Its 50 DMA line ($95.67) defines important near-term support where a violation would trigger a technical sell signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Rebound and Rally Leaves Tech Firm Extended From Base - 10/28/2014
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C
A N
S L
I M
|
SNCR
-
NASDAQ
Synchronoss Technologies
COMPUTER SOFTWARE andamp; SERVICES - Application Software
|
$52.33
|
+1.45
2.85% |
$52.50
|
590,976
115.43% of 50 DAV
50 DAV is 512,000
|
$53.47
-2.13%
|
10/27/2014
|
$46.40
|
PP = $47.81
|
|
MB = $50.20
|
Most Recent Note - 10/30/2014 3:10:36 PM
G - Color code is changed to green while rallying well above the "max buy" level cited. Prior highs in the $47 area define initial support to watch on pullbacks. Considerable gain on 10/28/14 was backed by more than 4 times average volume after reporting earnings +35% on +40% sales revenues for the Sep '14 quarter. See the latest FSU analysis for more details and an annotated daily graph.
>>> FEATURED STOCK ARTICLE : No Resistance Remains; Perched at Secondary Buy Point - 10/27/2014
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C
A N
S L
I M
|
STRT
-
NASDAQ
Strattec Security Corp
AUTOMOTIVE - Auto Parts
|
$102.96
|
+0.34
0.33% |
$105.00
|
29,172
108.04% of 50 DAV
50 DAV is 27,000
|
$109.44
-5.92%
|
9/19/2014
|
$86.06
|
PP = $89.97
|
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MB = $94.47
|
Most Recent Note - 10/29/2014 5:51:31 PM
G - Pulled back from its 52-week high today following 4 consecutive volume-driven gains. It is very extended beyond its "max buy" level. Prior highs in the $88 area define important near-term support to watch above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Building Base-On-Base Pattern Ahead of Earnings News - 10/20/2014
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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 |
|
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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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