FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, January 19th, 2011

<<<Previous Mid Day Report	Next Mid Day Report >>>
<<<Previous After Market Report	Next After Market Report >>>

You are not logged in.
This means you CAN ONLY VIEW reports that were published prior to Monday, February 19, 2024.
You MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.

AFTER MARKET UPDATE - WEDNESDAY, JANUARY 19TH, 2011

Previous After Market Report Next After Market Report >>>

Indices				NYSE			Nasdaq
DOW	-12.64	11,825.29	-0.11%	Volume	1,088,841,120	-11%	Volume	2,130,938,173	+16%
NASDAQ	-40.49	2,725.36	-1.46%	Advancers	654	21%	Advancers	478	17%
S&P 500	-13.10	1,281.92	-1.01%	Decliners	2,368	76%	Decliners	2,220	80%
Russell 2000	-20.67	786.89	-2.56%	52 Wk Highs	187		52 Wk Highs	147
S&P 600	-9.37	416.21	-2.20%	52 Wk Lows	22		52 Wk Lows	13

Major Averages' Declines Led Again By Financial Group
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 Index suffered its biggest one-day loss since November while the major averages retreated from their recovery highs on Wednesday. Declining issues overwhelmed advancers by 7-2 on the NYSE and by almost 5-1 on the Nasdaq exchange. Volume totals were lighter on the NYSE and heavier on the Nasdaq exchange versus the prior session. The total number of 52-week highs solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There was a total of 55 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 113 on Tuesday's session. On the Featured Stocks Page losses were posted by 22 out of the 24 high-ranked leaders now listed, and Aruba Networks Inc (ARUN -6.39%) was the biggest percentage decliner.

The stock market's steady ascent was interrupted as Goldman Sachs (GS -4.7%) shares sank after reporting disappointing revenue. American Express (AXP -2.4%) also fell after warning of lower earnings and job cuts. Although U.S. Bancorp's (USB -2.89%) earnings beat estimates, its shares fell in sympathy will other bank stocks. Financial shares clearly led the broad-based pullback.

The US dollar fell to the lowest level in almost two months against the euro after President Obama announced a $45 billion package of export deals with China. A weaker report on housing added to challenges for the market. December housing starts dropped to the lowest level in more than a year. The Dow would have been nearly 40 points lower without International Business Machines Corp. (IBM +3.3%) which rallied after the company reported better-than-expected earnings.

PICTURED: The benchmark S&P 500 Index suffered its biggest one-day loss since November, yet it is still well above its 50-day and 200-day moving average (DMA) lines an upward trendline connecting its August-November lows.

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.

Financial Group Leads Broad-Based Retreat
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -2.80%) and Bank Index ($BKX -2.39%) sank as financial shares were among the biggest negative influences on the major averages. Deterioration in financial shares historically makes the major averages vulnerable to greater losses. The Healthcare Index ($HMO -2.57%) gave up some of its recent gains, and the Biotechnology Index ($BTK -2.56%) led the tech sector lower while the Semiconductor Index ($SOX -2.36%), Networking Index ($NWX -1.78%), and Internet Index ($IIX -1.40%) finished unanimously lower. Commodity-linked groups also collectively lost ground as the Oil Services Index ($OSX -1.83%), Integrated Oil Index ($XOI -1.21%), and Gold & Silver Index ($XAU -1.35%) closed lower.

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX -1.18%) slumped near its 50-day moving average (DMA) line which recently acted as a support level.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	252.38	-4.71	-1.83%	+2.96%
Healthcare	$HMO	1,835.81	-48.42	-2.57%	+8.50%
Integrated Oil	$XOI	1,259.85	-15.41	-1.21%	+3.85%
Semiconductor	$SOX	439.33	-10.60	-2.36%	+6.68%
Networking	$NWX	300.20	-5.44	-1.78%	+7.00%
Internet	$IIX	319.46	-4.53	-1.40%	+3.81%
Broker/Dealer	$XBD	123.55	-3.56	-2.80%	+1.68%
Retail	$RLX	501.52	-5.98	-1.18%	-1.35%
Gold & Silver	$XAU	205.56	-2.81	-1.35%	-9.28%
Bank	$BKX	52.78	-1.29	-2.39%	+1.09%
Biotech	$BTK	1,298.97	-34.19	-2.56%	+0.10%

Distributional Pressure Raising Concerns After 40% Rally
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Neogen Corp. (NEOG -$0.76 or -1.91% to $38.99 suffered a loss today with above average volume, slumping near its 50-day moving average (DMA) line which has been a reliable support level during past consolidations. Its Accumulation/ Distribution rating has slumped to a D+ (see red circle) from a B rating since last appearing in this FSU section on 12/06/10 under the headline "50-Day Moving Average Line Acted As Solid Support Level". It went on to rally to new all-time highs as much as +40% above its 9/01/10 price when highlighted in yellow as a noteworthy buy candidate. Distributional pressure has it now testing support at its 50 DMA line. It has slightly violated an upward trendline connecting its August-November and early-January lows, raising additional concerns.

NEOG has a history of steady annual earnings growth (A criteria). The 4 most recent quarterly comparisons have shown accelerating sales revenues growth with earnings per share increases above the investment system's +25% guideline. Years ago, this stock was first featured on Thursday, February 21, 2008 in the CANSLIM.net Mid Day Breakouts Report (read here) and it was later dropped from the Featured Stocks list.

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
ABV - NYSE Comp De Bebidas Adr FOOD and BEVERAGE - Beverages - Brewers	$27.72	-0.04 -0.14%	$27.87	5,526,655 201.96% of 50 DAV 50 DAV is 2,736,500	$32.00 -13.38%	12/10/2010	$27.97	PP = $29.09
								MB = $30.54
Most Recent Note - 1/19/2011 6:57:30 PM G - Down slightly again today with above average volume, closing -13.4% off its 52-week high while slumping near October-December lows in the $27 area that may act as support. Waning Relative Strength is a concern. Last week it violated prior highs in the $29 area and its 50 DMA line with a damaging loss on heavy volume triggering technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 1/18/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
ARUN - NASDAQ Aruba Networks Inc COMPUTER HARDWARE - Networking andamp; Communication Dev	$24.31	-1.66 -6.39%	$26.00	2,624,685 105.86% of 50 DAV 50 DAV is 2,479,400	$26.00 -6.50%	1/3/2011	$22.55	PP = $24.38
								MB = $25.60
Most Recent Note - 1/19/2011 6:05:14 PM G - Considerable loss on average volume today, pulling back toward prior highs in the $23-24 area that define initial support above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 12/14/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
CIS - NYSE Camelot Info Systems Ads COMPUTER SOFTWARE andamp; SERVICES - Information Technology Service	$25.45	+0.05 0.20%	$25.82	247,610 53.30% of 50 DAV 50 DAV is 464,600	$28.18 -9.69%	11/26/2010	$18.93	PP = $19.72
								MB = $20.71
Most Recent Note - 1/18/2011 4:16:03 PM G - Negative reversal today while consolidating above support at prior highs near $25 following its recent rally from a choppy 5-week consolidation. >>> The latest Featured Stock Update with an annotated graph appeared on 1/11/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
DECK - NASDAQ Deckers Outdoor Corp CONSUMER NON-DURABLES - Textile - Apparel Footwear	$77.14	-2.89 -3.61%	$79.95	1,440,976 72.64% of 50 DAV 50 DAV is 1,983,700	$87.88 -12.22%	10/27/2010	$54.16	PP = $54.86
								MB = $57.60
Most Recent Note - 1/19/2011 7:46:17 PM G - Quiet volume led to further consolidation today, slumping below its 10-week moving average line. There are also concerns after the +24% earnings increase for the Sept quarter was a hair below the minimum guideline. Any subsequent violation of its 50 DMA line would raise concerns and trigger a technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 12/16/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
EZCH - NASDAQ Ezchip Semiconductor Ltd ELECTRONICS - Semiconductor - Specialized	$31.81	-0.65 -2.00%	$32.37	390,968 141.19% of 50 DAV 50 DAV is 276,900	$33.20 -4.19%	12/2/2010	$27.53	PP = $26.00
								MB = $27.30
Most Recent Note - 1/18/2011 4:20:19 PM G - Small gain today for another new 52-week high, but it closed in the lower third of its intra-day range. It is extended from a sound base after adding to a recent cluster of gains backed by above average volume.Prior chart highs in the $29 area define initial support to watch well above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 12/2/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| 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
EZPW - NASDAQ Ezcorp Inc Cl A SPECIALTY RETAIL - Specialty Retail, Other	$28.43	-0.96 -3.27%	$29.62	617,567 159.29% of 50 DAV 50 DAV is 387,700	$29.94 -5.04%	11/5/2010	$24.02	PP = $23.85
								MB = $25.04
Most Recent Note - 1/19/2011 7:10:17 PM G - Second consecutive loss today with above average volume. Recent low and its 50 DMA line near $27 coincide to define an important chart support level to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 12/29/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
FFIV - NASDAQ F 5 Networks Inc INTERNET - Internet Software and Services	$138.78	-3.00 -2.12%	$143.60	7,343,145 304.58% of 50 DAV 50 DAV is 2,410,900	$145.76 -4.79%	1/13/2011	$145.71	PP = $143.85
								MB = $151.04
Most Recent Note - 1/19/2011 7:21:25 PM G - Color code is changed to green after a small but damaging loss today with heavier volume. The loss is a sign of more serious distributional pressure while slumping below its pivot point after not breaking out with volume conviction from a late-stage base. >>> The latest Featured Stock Update with an annotated graph appeared on 12/28/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
FOSL - NASDAQ Fossil Inc CONSUMER DURABLES - Recreational Goods, Other	$69.21	-0.95 -1.35%	$70.99	718,357 89.63% of 50 DAV 50 DAV is 801,500	$74.34 -6.90%	11/26/2010	$69.10	PP = $70.17
								MB = $73.68
Most Recent Note - 1/18/2011 4:27:22 PM G - Consolidating near its 50 DMA line. Color code was changed to green due to its recent deterioration and general lack of progress since its 12/02/10 breakout from a "3-weeks tight" pattern. Now perched near an upward trendline connecting its July - October lows, and any further deterioration may trigger a more worrisome technical sell signal. >>> The latest Featured Stock Update with an annotated graph appeared on 1/12/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
HMSY - NASDAQ H M S Holdings Corp COMPUTER SOFTWARE and SERVICES - Healthcare Information Service	$66.67	-0.32 -0.48%	$67.08	172,271 110.22% of 50 DAV 50 DAV is 156,300	$67.10 -0.64%	11/19/2010	$61.89	PP = $63.01
								MB = $66.16
Most Recent Note - 1/18/2011 4:29:55 PM G - Rallied today with below above average volume for yet another new high close. It built a base-on-base type pattern and found support at its 50 DMA line, while its waning Relative Strength rank (now 68) has been noted as a concern. >>> The latest Featured Stock Update with an annotated graph appeared on 1/3/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
JOBS - NASDAQ Fifty One Job Inc Ads DIVERSIFIED SERVICES - Staffing and; Outsourcing Service	$57.85	-2.37 -3.94%	$61.28	265,696 153.67% of 50 DAV 50 DAV is 172,900	$60.30 -4.06%	10/13/2010	$42.07	PP = $40.60
								MB = $42.63
Most Recent Note - 1/19/2011 12:48:04 PM G - Reversed into the red today after an early gain for a new all-time high. It had not formed a sound new base, only having recently consolidated for just 4 weeks after a considerable rally from below $20 in July. >>> The latest Featured Stock Update with an annotated graph appeared on 12/30/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| 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
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$68.31	-2.66 -3.75%	$71.13	1,950,314 97.09% of 50 DAV 50 DAV is 2,008,700	$74.60 -8.43%	10/8/2010	$47.66	PP = $46.67
								MB = $49.00
Most Recent Note - 1/19/2011 6:16:04 PM G - Down today on higher (near average) volume today. It did not form a sound new base, and it is extended from its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 1/14/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
MWIV - NASDAQ M W I Veterinary Supply HEALTH SERVICES - Medical Instruments and; Supplies	$64.14	-1.94 -2.94%	$66.05	89,167 181.23% of 50 DAV 50 DAV is 49,200	$67.13 -4.45%	11/4/2010	$61.79	PP = $59.60
								MB = $62.58
Most Recent Note - 1/19/2011 6:17:53 PM G - Closed near its session low with a loss today on above average volume, enduring distributional pressure after inching to new highs without great volume conviction. It has not formed a sound base pattern. Its 50 DMA line defines support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 12/21/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
NEOG - NASDAQ Neogen Corp DRUGS - Diagnostic Substances	$38.99	-0.76 -1.91%	$39.99	131,681 131.03% of 50 DAV 50 DAV is 100,500	$43.14 -9.62%	9/1/2010	$30.79	PP = $30.49
								MB = $32.01
Most Recent Note - 1/19/2011 6:19:59 PM G - Loss today with above average volume, slumping near its 50 DMA line which has been a reliable support level during past consolidations. >>> The latest Featured Stock Update with an annotated graph appeared on 1/19/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
NFLX - NASDAQ Netflix Inc SPECIALTY RETAIL - Music and Video Stores	$190.87	-2.81 -1.45%	$193.85	3,110,475 56.23% of 50 DAV 50 DAV is 5,531,500	$206.80 -7.70%	1/10/2011	$187.88	PP = $209.34
								MB = $219.81
Most Recent Note - 1/18/2011 4:58:40 PM Y - Perched above its 50 DMA line just -7.4% off its 52-week high. Color code was changed to yellow with new pivot point cited based on its 52-week high plus ten cents. >>> The latest Featured Stock Update with an annotated graph appeared on 1/10/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
NTAP - NASDAQ Netapp Inc COMPUTER HARDWARE - Data Storage Devices	$57.63	-1.36 -2.31%	$59.04	3,859,151 68.62% of 50 DAV 50 DAV is 5,624,100	$59.79 -3.61%	1/6/2011	$57.49	PP = $58.06
								MB = $60.96
Most Recent Note - 1/18/2011 4:59:54 PM Y - Perched at its 52-week high after quietly inching above its pivot point for new highs last week. Color code was changed to yellow with new pivot point cited based on its 11/10/10 high plus 10 cents. Gains with +50% above average volume, ideally even greater volume, are needed behind a gain above its pivot point to trigger a convincing technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 12/27/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| 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
OPEN - NASDAQ Opentable Inc INTERNET - Internet Software and Services	$77.82	-1.63 -2.05%	$79.79	799,522 102.37% of 50 DAV 50 DAV is 781,000	$82.70 -5.90%	1/5/2011	$74.05	PP = $76.79
								MB = $80.63
Most Recent Note - 1/18/2011 5:02:04 PM Y - Holding its ground stubbornly near its 52-week high with volume totals cooling after a streak of volume-driven gains last week triggered a technical buy signal. Color code was changed to yellow after quietly consolidating below its "max buy" level. Prior highs in the $76 area define initial support to watch above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 1/5/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
ORCL - NASDAQ Oracle Corp COMPUTER SOFTWARE and SERVICES - Application Software	$31.60	+0.07 0.22%	$31.61	26,938,022 94.86% of 50 DAV 50 DAV is 28,398,900	$32.27 -2.08%	12/7/2010	$29.05	PP = $29.92
								MB = $31.42
Most Recent Note - 1/18/2011 5:03:37 PM G - Still consolidating in a tight trading range near its 52-week high, stubbornly holding its ground since its 12/17/10 gap up gain. Support to watch is at prior chart highs and its 50 DMA line just under the $30 level. >>> The latest Featured Stock Update with an annotated graph appeared on 1/7/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
PAY - NYSE Verifone Systems Inc COMPUTER HARDWARE - Transaction Automation Systems	$42.15	-1.65 -3.77%	$43.72	1,576,244 100.79% of 50 DAV 50 DAV is 1,563,900	$44.87 -6.06%	11/29/2010	$33.96	PP = $36.04
								MB = $37.84
Most Recent Note - 1/19/2011 7:48:35 PM G - Third consecutive loss today with near average volume, yet closing only -6.1% off its 52-week high. Extended from any sound base. Recent lows in the $38 area along with its 50 DMA line define important near-term chart support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 12/15/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
PCLN - NASDAQ Priceline.Com Inc INTERNET - Internet Software and Services	$432.03	-8.88 -2.01%	$440.91	826,809 80.61% of 50 DAV 50 DAV is 1,025,700	$443.19 -2.52%	11/1/2002	$399.55	PP = $428.20
								MB = $449.61
Most Recent Note - 1/18/2011 5:06:05 PM Y - Volume totals have been cooling while consolidating in a tight trading range above prior highs in the $426-428 area that may now serve as initial support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 1/2/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
RAX - NYSE Rackspace Hosting Inc INTERNET - Internet Software and; Services	$33.43	-1.10 -3.19%	$34.86	1,440,053 85.10% of 50 DAV 50 DAV is 1,692,100	$35.00 -4.49%	1/10/2011	$22.84	PP = $32.76
								MB = $34.40
Most Recent Note - 1/18/2011 5:08:04 PM G - Hovering above its previously cited "max buy" level, its color code is changed to green. It held its ground stubbornly after a gap up gain on 1/11/11 with above average volume triggered a new (or add-on) technical buy signal. No resistance remains due to overhead supply. >>> The latest Featured Stock Update with an annotated graph appeared on 12/31/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| 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
ROVI - NASDAQ Rovi Corp COMPUTER SOFTWARE andamp; SERVICES - Security Software andamp; Services	$66.48	-2.37 -3.44%	$69.11	2,002,706 134.66% of 50 DAV 50 DAV is 1,487,200	$69.50 -4.35%	10/29/2010	$49.99	PP = $53.10
								MB = $55.76
Most Recent Note - 1/19/2011 7:54:01 PM G - Pulled back today after streak of gains with above average volume. It is extended from a sound base, yet unhindered by overhead supply, it may produce more climactic gains. The recent low near $58.50 and its 50 DMA line define chart support levels to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 12/13/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
SHOO - NASDAQ Steven Madden Limited CONSUMER NON-DURABLES - Textile - Apparel Footwear	$40.45	-1.45 -3.46%	$41.84	558,908 156.78% of 50 DAV 50 DAV is 356,500	$47.69 -15.18%	11/23/2010	$44.61	PP = $44.95
								MB = $47.20
Most Recent Note - 1/19/2011 7:50:48 PM G - Distributional pressure led to a close today -15.2% off its 52-week high. It remains perched above previously cited support at prior highs near $40. Meanwhile, more damaging losses would raise serious concerns. Its downward sloping 50 DMA line may now act as resistance. >>> The latest Featured Stock Update with an annotated graph appeared on 1/4/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
UA - NYSE Under Armour Inc Cl A CONSUMER NON-DURABLES - Textile - Apparel Clothing	$55.21	-1.62 -2.85%	$56.99	557,411 86.38% of 50 DAV 50 DAV is 645,300	$60.14 -8.20%	9/9/2010	$39.99	PP = $40.10
								MB = $42.11
Most Recent Note - 1/18/2011 5:13:25 PM G - Posted a 4th consecutive gain on light volume today. Working on a possible new base after 6 weeks of consolidation, it rallied with below average volume this week while finding support near its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 12/23/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$35.72	-0.73 -2.00%	$36.65	618,609 108.45% of 50 DAV 50 DAV is 570,400	$38.25 -6.61%	1/6/2011	$36.12	PP = $37.34
								MB = $39.21
Most Recent Note - 1/18/2011 5:20:05 PM Y - Loss today with near average volume led to a close just pennies below its 12/01/10 high close, raising some concern while technically negating its recent breakout gain with a close back in its prior base. Subsequent volume-driven gains above its pivot point would be a very reassuring sign. >>> The latest Featured Stock Update with an annotated graph appeared on 1/6/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M

Subscriber Questions:

January 18, 2011

Dear Ken,

Should we be concerned when there is an expanding number of companies on the Leaders List making new 52 week highs while there is negative breadth on the Featured Stocks page such as that which occurred today? Is this any early warning sign in any way? Thanks! Marcus

Ken's Response:

January 19, 2011

Dear Marcus,

Thanks for asking a great question and helping me bring up some more detailed comments on the Featured Stocks list. Yesterday losses were posted by 15 out of the 25 high-ranked leaders now listed on the Featured Stocks page. Meanwhile, there was a total of 113 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 85 on Friday's session.

One day of negative breadth on the Featured Stocks list alone should not be cause for any great concern, so the occurrence yesterday would not be construed as an early warning sign of any importance. Note that the blue chip Dow Jones Industrial Average, which has been a recently noted laggard index, outperformed the Small-Cap indexes yesterday. Meanwhile, defensive groups including the Gold & Silver Index ($XAU +1.29%) and Healthcare Index ($HMO +0.79%) were among the session's best performers shown in the Industry Group Watch section of the After-Market Update. In sum, the action was a sign of some rotation of funds away from leading "growth" areas which recently enjoyed great gains.

While you have brought up the subject of the Featured Stocks list, what might be a warning sign and some cause for concern is the list's gradual contraction over recent weeks. There were 30 on December 1st, but there are only 24 today. While some new candidates have shown up highlighted as noteworthy, more in recent weeks have been dropped from the Featured Stocks list after damaging sell signals were noted. The expansion or contraction in the list should be viewed as a telling indication of the current market (M criteria) environment. Note that near the Bear Market lows in early 2009 there were as few as 5 stocks on the list.

Please let me know if there is any way I can be more helpful to you in your efforts.

Best regards,

Kenneth J. Gruneisen
Founder & Contributing Writer for CANSLIM.net
www.canslim.net

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.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time. Questions or comments may be submitted 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 or 954-785-1121.