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AFTER MARKET UPDATE - FRIDAY, DECEMBER 19TH, 2014
Previous After Market Report Next After Market Report >>>
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DOW |
+26.65 |
17,804.80 |
+0.15% |
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Volume |
2,445,259,980 |
+157% |
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Volume |
2,735,007,800 |
+34% |
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NASDAQ |
+16.98 |
4,765.38 |
+0.36% |
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Advancers |
2,023 |
63% |
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Advancers |
1,547 |
51% |
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S&P 500 |
+9.42 |
2,070.65 |
+0.46% |
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Decliners |
1,109 |
34% |
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Decliners |
1,407 |
46% |
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Russell 2000 |
+3.80 |
1,195.96 |
+0.32% |
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52 Wk Highs |
214 |
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52 Wk Highs |
134 |
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S&P 600 |
+0.60 |
685.48 |
+0.09% |
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52 Wk Lows |
20 |
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52 Wk Lows |
45 |
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Major Averages Posted Solid Weekly Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major averages finished the week up with the Dow gaining +3%, the S&P 500 advancing +3.4%, and the NASDAQ increasing +2.4%. Behind Friday's modest gains the volume was reported higher on the NYSE and on the Nasdaq exchange, inflated by options expirations. Breadth was positive as advancers led decliners by almost a 2-1 margin on the NYSE, but the mix was very even on the Nasdaq exchange. There were 73 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, versus the prior session total of 71 stocks. New 52-week highs expanded and outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There gains for 7 of the 10 high-ranked companies currently on the Featured Stocks Page, a list that has recently been getting trimmed.
Weakness was noted as the uptrend came under pressure and the market (M criteria) earned the label of a correction. Investors should still be watchful for technical sell signals in individual issues. Despite two consecutive gains and the major indices' impressive rebound above their respective 50-day moving average (DMA) lines, a substantial follow-through-day between Day 4-7 of a new rally attempt is what the fact-based investment system suggests is the best signal for investors to shift their bias again toward buying.
PICTURED: The NASDAQ gained 16 points to 4,765. It promptly repaired the recent 50-day moving average (DMA) line.
On Friday the Dow climbed 28 points to 17,806. The S&P 500 advanced 9 points, finishing within 10 points of an all-time high.
The major averages climbed as investors focused on Fed comments earlier in the week and stabilizing in oil prices. Following the FOMC statement on Wednesday, U.S. averages posted the biggest two-day rally since 2011, which spilled over into today. Additionally, oil prices stabilized after hitting a five-year low the week before. In economic data, a gauge of manufacturing in the Kansas Fed region climbed more than economists predicted for the biggest gain since July.
At the close, all 10 sectors in the S&P 500 were in positive territory. Energy was up the most, as Exxon Mobil (XOM +2.72%) and Chevron (CVX +3.58%) posted gains. The typically defensive consumer staples were relative underperformers. Shares of Wal-Mart (WMT -0.91%) fell on reports that the company is covering up bribes to Mexican officials. Gilead (GILD +2.76%) ended higher, on the heels of strong sales reports.
Treasuries advanced, as the benchmark 10-year note climbed 12/32 to yield 2.17%. In commodities, WTI crude on the NYMEX rallied +4.5% to $56.52/barrel but was flat for the week.
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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Energy-Related Groups Posted Big Gains and Tech Also Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Energy-linked groups were standout gainers on Friday as the Oil Services Index ($OSX +3.96%) and the Integrated Oil Index ($XOI +3.19%) ratcheted higher. Gains from the Biotechnology Index ($BTK +0.95%) and the Networking Index ($NWX +0.77%) led the tech sector while the Semiconductor Index ($SOX -0.30%) edged lower. The Gold & Silver Index ($XAU -0.16%), Bank Index ($BKX -0.07%), and the Broker/Dealer Index ($XBD +0.11%) all finished flat. The Retail Index ($RLX +0.25%) posted a small gain.
Charts courtesy www.stockcharts.com
PICTURED: The Broker/Dealer Index ($XBD +0.11%) stayed above its 50-day moving average (DMA) line during its latest consolidation.
| Oil Services |
$OSX |
216.57 |
+8.24 |
+3.96% |
-22.94% |
| Integrated Oil |
$XOI |
1,367.51 |
+42.23 |
+3.19% |
-9.02% |
| Semiconductor |
$SOX |
686.09 |
-2.03 |
-0.30% |
+28.23% |
| Networking |
$NWX |
359.79 |
+2.76 |
+0.77% |
+11.07% |
| Broker/Dealer |
$XBD |
184.24 |
+0.20 |
+0.11% |
+14.75% |
| Retail |
$RLX |
1,006.95 |
+2.54 |
+0.25% |
+7.15% |
| Gold & Silver |
$XAU |
69.36 |
-0.11 |
-0.16% |
-17.58% |
| Bank |
$BKX |
73.88 |
-0.05 |
-0.07% |
+6.67% |
| Biotech |
$BTK |
3,545.58 |
+33.48 |
+0.95% |
+52.14% |
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Rebound Above 50-Day Moving Average Helped Technical Stance
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Baidu Inc. (BIDU +$2.35 or +1.01% to $234.23) recently rebounded above its 50-day moving average (DMA) line and prior highs helping its technical stance, but gains came with light volume after losses on higher volume. Subsequent damaging losses below the recent lows would trigger more worrisome technical sell signals.
Its last appearance in this FSU section was on 12/03/14 with annotated graphs under the headline, "Consolidating Near Prior Highs and Above 50-Day Average". BIDU 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). The high-ranked Internet - Content firm has a great annual earnings (A criteria) track record. 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 1,342 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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$263.75
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+2.85
1.09% |
$268.37
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3,315,503
103.58% of 50 DAV
50 DAV is 3,201,000
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$272.75
-3.30%
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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 - 12/16/2014 5:54:54 PM
G - Consolidating following recent 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.
>>> FEATURED STOCK ARTICLE : Consolidating After Rally on Acquisition Plans - 12/12/2014
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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AFSI
-
NASDAQ
Amtrust Financial Svcs
INSURANCE - Property and; Casualty Insurance
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$57.61
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-0.13
-0.22% |
$59.08
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749,449
69.85% of 50 DAV
50 DAV is 1,073,000
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$59.31
-2.87%
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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 - 12/18/2014 6:13:00 PM
G - Hovering near its 52-week high, stubbornly holding its ground with volume totals cooling. Recently rose from a brief consolidation, not a sound base. Prior highs in the $53 area define initial support above its 50 DMA line.
>>> 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 |
Request a new note
C
A N
S L
I M
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ALXN
-
NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other
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$188.96
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+6.88
3.78% |
$189.01
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1,291,520
115.42% of 50 DAV
50 DAV is 1,119,000
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$203.30
-7.05%
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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 |
Request a new note
C
A N
S L
I M
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BIDU
-
NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers
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$231.88
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+8.03
3.59% |
$233.25
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2,765,627
75.07% of 50 DAV
50 DAV is 3,684,000
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$251.99
-7.98%
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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 - 12/18/2014 6:17:08 PM
G - Rebound above its 50 DMA line helped its technical stance, but recent gains came with light volume after losses on higher volume. Previously noted - "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 |
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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EPAM
-
NYSE
Epam Systems Inc
COMPUTER SOFTWARE and SERVICES - Information Technology Service
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$48.29
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-0.08
-0.17% |
$49.39
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406,294
93.62% of 50 DAV
50 DAV is 434,000
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$52.89
-8.70%
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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 - 12/16/2014 5:50:40 PM
G - Violated its 50 DMA line with today's volume-driven loss triggering a technical sell signal. Testing prior highs in the $45-46 area defining the next important near-term support to watch. See the latest FSU analysis for more details and new annotated graphs.
>>> 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 |
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 |
FB
-
NASDAQ
Facebook Inc Cl A
INTERNET
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$78.40
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+2.29
3.01% |
$78.40
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34,222,081
98.13% of 50 DAV
50 DAV is 34,876,000
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$81.16
-3.40%
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9/9/2014
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$76.67
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PP = $76.84
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MB = $80.68
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Most Recent Note - 12/16/2014 2:56:03 PM
Y - Quietly consolidating near its 50 DMA line ($75.80). Recent 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 |
Set NEW NOTE alert |
CANSLIM.net Company Profile |
SEC
News |
Chart |
Request a new note
C
A N
S L
I M
|
ILMN
-
NASDAQ
Illumina Inc
DRUGS - Biotechnology
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$187.29
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+6.08
3.36% |
$187.46
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1,405,143
113.32% of 50 DAV
50 DAV is 1,240,000
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$197.37
-5.11%
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10/22/2014
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$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 |
Set NEW NOTE alert |
CANSLIM.net Company Profile |
SEC
News |
Chart |
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C
A N
S L
I M
|
PANW
-
NYSE
Palo Alto Networks
Computer Sftwr-Security
|
$123.44
|
+3.41
2.84% |
$124.95
|
1,857,872
101.97% of 50 DAV
50 DAV is 1,822,000
|
$123.22
0.18%
|
7/30/2014
|
$84.21
|
PP = $85.88
|
|
MB = $90.17
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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
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
|
RH
-
NYSE
Restoration Hardware Hld
RETAIL - Home Furnishing Stores
|
$99.07
|
+2.50
2.59% |
$100.66
|
1,501,979
158.60% of 50 DAV
50 DAV is 947,000
|
$99.44
-0.37%
|
12/11/2014
|
$98.66
|
PP = $94.60
|
|
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
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
|
UIHC
-
NASDAQ
United Insurance Holding
Insurance-Prop/Cas/Titl
|
$21.14
|
+0.36
1.73% |
$21.73
|
197,340
82.23% of 50 DAV
50 DAV is 240,000
|
$22.32
-5.29%
|
12/5/2014
|
$20.64
|
PP = $20.31
|
|
MB = $21.33
|
Most Recent Note - 12/16/2014 1:34:33 PM
Y - Color code is changed to yellow while consolidating above prior highs near $20 defining initial support to watch on pullbacks. 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. Keep in mind that deterioration in the broader market (M criteria) has raised a caution flag.
>>> FEATURED STOCK ARTICLE : Technical Breakout Indicative of Institutional Demand - 12/5/2014
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 |
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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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