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AFTER MARKET UPDATE - MONDAY, DECEMBER 15TH, 2014
Previous After Market Report Next After Market Report >>>
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DOW |
-99.99 |
17,180.84 |
-0.58% |
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Volume |
953,134,170 |
+1% |
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Volume |
2,005,312,280 |
+14% |
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NASDAQ |
-48.44 |
4,605.16 |
-1.04% |
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Advancers |
753 |
23% |
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Advancers |
890 |
27% |
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S&P 500 |
-12.70 |
1,989.63 |
-0.63% |
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Decliners |
2,376 |
74% |
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Decliners |
2,287 |
70% |
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Russell 2000 |
-12.15 |
1,140.29 |
-1.05% |
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52 Wk Highs |
32 |
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52 Wk Highs |
40 |
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S&P 600 |
-5.72 |
658.48 |
-0.86% |
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52 Wk Lows |
363 |
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52 Wk Lows |
208 |
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More Distributional Pressure Weighs on Indices
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The volume was reported higher on the NYSE and on the Nasdaq exchange, a sign of more distributional pressure from the institutional crowd. Breadth was negative as decliners led advancers by a 3-1 margin on the NYSE and more than 2-1 on the Nasdaq exchange. There were 13 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down from the prior session total of 15 stocks. The new 52-week lows totals again outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. There were 6 gainers among the 12 high-ranked companies currently on the Featured Stocks Page. Recent weakness was noted as the uptrend came under pressure, and Monday's session was a weak follow-up to Friday's poor action which had the look of a more serious "correction". The market (M criteria) rally was noted in this daily Market Commentary since 10/21/14. Disciplined investors should be especially watchful for technical sell signals in individual issues until fresh strength appears in the broader market.
PICTURED: The benchmark S&P 500 Index violated its 50-day movig average (DMA) line with a 5th loss in the span of 6 sessions.
On the economic front, the empire manufacturing index unexpectedly fell to -3.58 this month from a previous reading of 10.16, shrinking for the first time since last January. The latest economic data was mixed. Industrial production rose in November by the most since May 2010, while a measure of homebuilder confidence hovered near a nine-year high in December.
M&A activity also garnered attention. PetSmart (PETM -4.25%) fell after a group led by BC Partners agreed to buy the company for $8.3 billion. Emerson Electric (EMR +0.7%) edged higher after selling a power-transmissions business to Regal-Beloit for $1.4 billion. erased early gains and finished lower on Monday. The Dow retreated 100 points to 17,180 after gaining as many as 117 points. The S&P 500 was up as many as 13 points but closed with a loss of 12 points to 1,989. The NASDAQ Composite fell 48 points to 4,605.
The major averages declined as oil resumed its retreat. WTI crude dropped to its lowest level since May 2009, falling -4.5% to $55.22 per barrel, after the United Arab Emirates said OPEC will not cut production. Chevron (CVX -1.48%) fell.
Nine of the 10 sectors in the S&P 500 declined. Utilities and financials were the worst performing groups as Duke Energy (DUK -1.87%) and Bank of America (BAC -1.63%) fell. Losses in health care also weighed on the market with Amgen (AMGN -3.0%) ending lower. Meanwhile, index-heavyweight Apple (AAPL -1.37%) fell. The more defensive telecom group advanced, led by a small AT&T (T +0.28%) gain.
Treasuries pared last week's gains. The 10-year note fell 9/32 to yield 2.11%.
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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Gold & Silver Index Led Tech and Financial Groups Lower
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Gold & Silver Index ($XAU -6.68%) was a standout decliner on Monday. The Biotechnology Index ($BTK -2.86%) led the tech sector's retreat while the Semiconductor Index ($SOX -0.84%) and the Networking Index ($NWX -0.44%) both suffered smaller losses. Financial shares created a drag on the major averages as the Bank Index ($BKX -0.91%) and the Broker/Dealer Index ($XBD -0.41%) fell, meanwhile the Retail Index ($RLX +0.20%) eked out a small gain. The Oil Services Index ($OSX +0.22%) edged higher while the Integrated Oil Index ($XOI -1.42%) fell.
Charts courtesy www.stockcharts.com
PICTURED: The Biotechnology Index ($BTK -2.86%) slumped toward its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
195.69 |
+0.43 |
+0.22% |
-30.37% |
| Integrated Oil |
$XOI |
1,224.06 |
-17.68 |
-1.42% |
-18.57% |
| Semiconductor |
$SOX |
665.71 |
-5.62 |
-0.84% |
+24.42% |
| Networking |
$NWX |
340.21 |
-1.49 |
-0.44% |
+5.02% |
| Broker/Dealer |
$XBD |
176.69 |
-0.72 |
-0.41% |
+10.04% |
| Retail |
$RLX |
995.25 |
+2.02 |
+0.20% |
+5.90% |
| Gold & Silver |
$XAU |
64.09 |
-4.59 |
-6.68% |
-23.84% |
| Bank |
$BKX |
71.13 |
-0.65 |
-0.91% |
+2.70% |
| Biotech |
$BTK |
3,322.97 |
-97.68 |
-2.86% |
+42.59% |
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Violation of 50-Day Average Triggered Technical Sell Signal
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Illumina Inc (ILMN -$5.99 or -3.25% to $178.31) slumped below its 50-day moving average (DMA) line and below its prior highs in the $182 area raising concerns while falling back into its prior base and triggering a technical sell signal. Only a prompt rebound above its 50 DMA line would help its outlook improve.
It was last shown in this FSU section on 11/25/14 with annotated graphs under the headline, "Quietly Consolidating Back Below 'Max Buy' Level". 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 92 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 1,048 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
-
NYSE
Actavis plc
Medical-Generic Drugs
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$259.00
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-4.00
-1.52% |
$262.39
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2,822,284
88.81% of 50 DAV
50 DAV is 3,178,000
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$272.75
-5.04%
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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 - 12/12/2014 6:10:43 PM
G - Consolidating near its 52-week high following volume-driven gains on news it plans to acquire Allergan (AGN) for $66 Billion. Extended from prior highs in the $249 area defining near-term support. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Consolidating After Rally on Acquisition Plans - 12/12/2014
View all notes |
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News |
Chart |
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C
A N
S L
I M
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AFSI
-
NASDAQ
Amtrust Financial Svcs
INSURANCE - Property and; Casualty Insurance
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$56.87
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-0.58
-1.01% |
$57.84
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657,545
61.28% of 50 DAV
50 DAV is 1,073,000
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$58.59
-2.93%
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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 - 12/10/2014 6:50:39 PM
G - Hit a new 52-week high with a 4th consecutive gain, rising from a brief consolidation, not a sound base. Its 50 DMA line defines important near-term support. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Extended From Sound Base Pattern Identified Earlier - 12/10/2014
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
|
ALXN
-
NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$186.90
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-4.72
-2.46% |
$191.96
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1,041,028
92.62% of 50 DAV
50 DAV is 1,124,000
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$203.30
-8.07%
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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 - 12/12/2014 6:17:05 PM
G - Ended near the session low testing its 50 DMA with a loss today on average volume. Recent lows near $185 help define support to watch, and a violation of its 50 DMA line would raise concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Near All-Time High - 11/28/2014
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
|
BIDU
-
NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers
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$229.32
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+0.09
0.04% |
$233.69
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2,553,053
69.36% of 50 DAV
50 DAV is 3,681,000
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$251.99
-9.00%
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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 - 12/10/2014 6:25:25 PM
G - Quietly slumped below its 50 DMA line raising concerns and its color code is changed to green. Additional damaging losses would trigger more worrisome technical sell signals.
>>> FEATURED STOCK ARTICLE : Consolidating Near Prior Highs and Above 50-Day Average - 12/3/2014
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
|
$50.90
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-0.33
-0.64% |
$51.60
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246,880
57.95% of 50 DAV
50 DAV is 426,000
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$52.89
-3.76%
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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 - 12/11/2014 6:05:02 PM
G - Finished near the middle of its intra-day range after gapping up and touching a new 52-week high, and today's gain was backed by below average volume. Its 50 DMA line ($46.89) defines important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Quiet Gain For New High Close - 11/26/2014
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News |
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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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$77.83
|
+0.10
0.13% |
$78.88
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28,091,617
80.71% of 50 DAV
50 DAV is 34,806,000
|
$81.16
-4.10%
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9/9/2014
|
$76.67
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PP = $76.84
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MB = $80.68
|
Most Recent Note - 12/10/2014 6:20:51 PM
Y - Reversed an early gain today and pulled back on higher (but below average) volume, ending near the session lows and 50 DMA line ($75.80). Prior lows in the $72 area define the next chart support level above its 200 DMA line.
>>> FEATURED STOCK ARTICLE : Gains Above 50-Day Moving Average Needed for Outlook to Improve - 12/4/2014
View all notes |
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News |
Chart |
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C
A N
S L
I M
|
FLT
-
NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services
|
$138.33
|
-4.65
-3.25% |
$141.55
|
1,260,406
171.72% of 50 DAV
50 DAV is 734,000
|
$160.40
-13.76%
|
10/31/2014
|
$148.50
|
PP = $146.29
|
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MB = $153.60
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Most Recent Note - 12/12/2014 6:05:10 PM
G - Violated its 50 DMA line with a damaging volume-driven loss today triggering a worrisome technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Testing Support While Encountering Recent Distributional Pressure - 12/8/2014
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C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
|
$184.30
|
-2.53
-1.35% |
$187.27
|
660,751
54.12% of 50 DAV
50 DAV is 1,221,000
|
$197.37
-6.62%
|
10/22/2014
|
$188.77
|
PP = $182.27
|
|
MB = $191.38
|
Most Recent Note - 12/12/2014 6:07:30 PM
G - Slumped below its 50 DMA line with a loss on light volume raising concerns and its color code is changed to green. More damaging losses would raise greater concerns and trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Quietly Consolidating Back Below "Max Buy" Level - 11/25/2014
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$118.07
|
-0.84
-0.71% |
$119.75
|
797,922
40.84% of 50 DAV
50 DAV is 1,954,000
|
$123.22
-4.18%
|
7/30/2014
|
$84.21
|
PP = $85.88
|
|
MB = $90.17
|
Most Recent Note - 12/8/2014 6:25:54 PM
G - Quietly consolidating near all-time highs. 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 : Under Accumulation But Extended From Sound Base - 12/1/2014
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C
A N
S L
I M
|
RH
-
NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores
|
$93.59
|
-0.40
-0.43% |
$98.39
|
2,605,257
297.06% of 50 DAV
50 DAV is 877,000
|
$99.44
-5.88%
|
12/11/2014
|
$98.66
|
PP = $94.60
|
|
MB = $99.33
|
Most Recent Note - 12/12/2014 12:41:18 PM
Y - Up today with above average volume. On the prior session it hit a new 52-week high but encountered distributional pressure after highlighted in yellow with pivot point cited based on its 6/30/14 high plus 10 cents in the mid-day report (read here). Volume and volatility often increase near earnings news. It reported Oct '14 earnings rose +53% on +22% sales revenues versus the year ago period, continuing its streak of strong quarterly earnings above the +25% minimum guideline (C criteria). See the latest FSU analysis for more details and annotated graphs.
>>> 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
|
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 |
STRT
-
NASDAQ
Strattec Security Corp
AUTOMOTIVE - Auto Parts
|
$94.72
|
-3.18
-3.25% |
$97.65
|
19,110
73.50% of 50 DAV
50 DAV is 26,000
|
$110.96
-14.64%
|
11/20/2014
|
$105.76
|
PP = $109.54
|
|
MB = $115.02
|
Most Recent Note - 12/12/2014 6:13:50 PM
G - Slumped on light volume to a close below its 50 DMA line triggering a technical sell signal and its color code is changed to green. Only a prompt rebound above its 50 DMA line would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Little Overhead Supply in Thinly Traded Company - 12/9/2014
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C
A N
S L
I M
|
UIHC
-
NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl
|
$19.96
|
-0.03
-0.15% |
$20.45
|
144,490
61.22% of 50 DAV
50 DAV is 236,000
|
$22.32
-10.57%
|
12/5/2014
|
$20.64
|
PP = $20.31
|
|
MB = $21.33
|
Most Recent Note - 12/10/2014 1:29:26 PM
G - Gapped down today, abruptly retreating from its 52-week high following 6 consecutive gains marked by volume. Prior highs near $20 define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Technical Breakout Indicative of Institutional Demand - 12/5/2014
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C
A N
S L
I M
|
|
|
|
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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