FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, FEBRUARY 3RD, 2014

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Indices				NYSE			Nasdaq
DOW	-326.05	15,372.80	-2.08%	Volume	900,693,860	-4%	Volume	2,441,795,450	+15%
NASDAQ	-106.92	3,996.96	-2.61%	Advancers	464	15%	Advancers	368	14%
S&P 500	-40.70	1,741.89	-2.28%	Decliners	2,648	83%	Decliners	2,288	85%
Russell 2000	-36.29	1,094.59	-3.21%	52 Wk Highs	55		52 Wk Highs	76
S&P 600	-19.23	620.28	-3.01%	52 Wk Lows	87		52 Wk Lows	42

Market Correction Grows More Obvious as More Technical Damage Mounts
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
S&P 500 Index posted its biggest daily percentage decline since June as the major averages fell on Monday. The volume totals was reported higher than the prior trading session's volume totals on the Nasdaq exchange while NYSE volume was lighter. Breadth was clearly negative as decliners led advancers by about a 6-1 ratio on the NYSE and on the Nasdaq exchange. There were 7 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 total of 20 stocks on the prior session. The list of stocks hitting new 52-week highs outnumbered new 52-week lows on the Nasdaq exchange but new lows outnumbered new highs on the NYSE. There were losses for all of the 13 high-ranked companies currently included on the Featured Stocks Page, a list that has recently been waning. The Market (M criteria) has encountered distributional pressure and leadership (stocks hitting new highs) has waned, earning the label of being in another "correction". Such weakness serves as a reminder for investors to use caution and remain disciplined in following proper sell rules under the fact-based investment system to reduce market exposure.

Equities suffered a setback on the first trading day of February. The Dow retreated 326 points to 15,372. The S&P 500 shed 41 points to close at 1,741. The NASDAQ dropped 107 points to close below 4,000 at 3,996.

The major averages added to their pullbacks in 2014 prompted by disappointing manufacturing data. Shortly after the open, the Institute for Supply Management reported factory activity declined in January to its slowest pace in eight months. A separate release revealed construction spending increased a modest +0.1% in December.

All 10 sectors in S&P 500 finished firmly in negative territory on the session. Telecom was down the most amid concerns of increased competition. AT&T Inc (T -4.11%) fell after it unveiled price cuts on its premium wireless service plans. Verizon (VZ -3.35%) also slumped. Consumer discretionary and industrials also weighed on the market. The new General Motors Company (GM -2.30%) and Ford Motor Co (F -2.74%) fell after reporting weaker-than-expected January auto sales. Railroad operator Kansas City Southern (KSU -5.06%) fell. Pfizer Inc (PFE +0.66%) was a notable gainer, after a study on a drug for advanced breast cancer met its goals.

Treasuries gained on Monday’s session. Benchmark 10-year notes rose 20/32 to yield 2.57%.

Investors should be watchful for any individual issues flashing technical sell signals. The CANSLIM.net Featured Stocks Page shows the most action-worthy candidates and their latest notes and a Headline Link directs members to the latest detailed analysis with data-packed graphs annotated by a Certified expert along with links to additional resources. The Premium Member Homepage includes "dynamic archives" to all prior pay reports published. Watch for an announcement via email concerning the next WEBCAST.

PICTURED: The Dow Jones Industrial Average violated its 200-day moving average (DMA) line with Monday's large loss, slumping under that important long-term average for the first time since late 2012. A prompt show of support near the 200 DMA line would be an encouraging sign, meanwhile, further deterioration would raise greater concerns regarding the broader market outlook.

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, Tech, Retail, and Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Weakness in financial shares was a negative influence on the broader market as the Broker/Dealer Index ($XBD -3.61%) and the Bank Index ($BKX -2.72%) both suffered large losses. The tech sector's Biotechnology Index ($BTK -3.21%), Networking Index ($NWX -2.61%), and Semiconductor Index ($SOX -2.21%) suffered unanimous losses and the Retail Index ($RLX -2.52%) fell. Energy-linked groups were also weak as the Integrated Oil Index ($XOI -1.90%) and the Oil Services Index ($OSX -1.59%), and the Gold & Silver Index ($XAU -0.86%) edged lower.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX -2.72%) is slumping well below its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	259.99	-4.21	-1.59%	-7.49%
Integrated Oil	$XOI	1,380.67	-26.70	-1.90%	-8.15%
Semiconductor	$SOX	517.46	-11.72	-2.21%	-3.28%
Networking	$NWX	323.65	-8.67	-2.61%	-0.09%
Broker/Dealer	$XBD	148.28	-5.55	-3.61%	-7.65%
Retail	$RLX	845.77	-21.86	-2.52%	-10.01%
Gold & Silver	$XAU	89.93	-0.78	-0.86%	+6.87%
Bank	$BKX	65.50	-1.83	-2.72%	-5.43%
Biotech	$BTK	2,454.64	-81.38	-3.21%	+5.33%

Down on Higher Volume Ahead of Quarterly Earnings Report
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Michael Kors Hldgs Ltd (KORS -$3.26 or -4.08% to $76.67) slumped back further below its 50-day moving average (DMA) line today while falling on higher volume, trading toward its prior low ($74.11 on 1/16/14) defining the next important support level. Recent losses on higher volume indicated distributional pressure. The company reports quarterly financial results on Tuesday, February 4, 2014, before the market opens. Volume and volatility often increase near earnings news.

Its last appearance in this FSU section was on 1/09/14 with annotated graphs under the headline, "Technical Deterioration and RS Rating Slump Raises Concerns". It had gapped down on 1/07/14 violating its 50-day moving average (DMA) line and triggering a technical sell signal then suffered an additional damaging loss on above average volume indicating distributional pressure. A later rebound above its 50 DMA line with gains lacking great volume conviction was short-lived before slumping again.

Its Relative Strength rating at 81 is just above the 80+ minimum guideline for buy candidates. Fundamentally, it has maintained high ranks due to its strong earnings history (meeting C and A criteria) including earnings +45% on +39% sales for the Sep '13 quarter. This high-ranked Apparel - Clothing Manufacturing firm has headquarters in Hong Kong.

It completed Secondary Offerings on 9/25/12 and 2/20/13, each time while perched near its all-time highs. Prior reports noted - "Such offerings often are a short-term hindrance to upward price progress yet typically result in broader institutional ownership interest." The number of top-rated funds owning its shares rose from 326 in Mar '12 to 958 in Dec '13, a reassuring sign concerning the I criteria.

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
EGOV - NASDAQ N I C Inc INTERNET - Internet Software and Services	$21.43	-0.31 -1.43%	$21.94	362,773 143.33% of 50 DAV 50 DAV is 253,100	$25.99 -17.55%	12/20/2013	$24.00	PP = $26.09
								MB = $27.39
Most Recent Note - 1/28/2014 5:15:24 PM G - Slumped further below its 50 DMA line today on higher volume and undercut the recent low ($22.17 on 12/16/13) raising greater concerns. Its Relative Strength (RS) rating has fallen to 67, below the 80+ minimum guideline for buy candidates. A rally above recent resistance in the $25-26 area is needed for its technical stance to turn bullish. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Relative Strength Rating Wanes While Slumping on Higher Volume - 1/28/2014 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
EQM - NYSE E Q T Midstream Partners ENERGY - Oil and Gas Pipelines	$60.50	-1.70 -2.73%	$62.88	239,156 223.51% of 50 DAV 50 DAV is 107,000	$63.82 -5.20%	12/12/2013	$53.17	PP = $56.51
								MB = $59.34
Most Recent Note - 1/31/2014 2:43:21 PM G - Making gradual progress and stubbornly holding its ground, getting more extended from any sound base pattern. Prior highs in the $56 area define support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Extended From Base After Six Consecutive Weekly Gains - 1/17/2014 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
FB - NASDAQ Facebook Inc Cl A INTERNET	$61.48	-1.09 -1.74%	$63.77	74,587,960 116.64% of 50 DAV 50 DAV is 63,948,100	$63.37 -2.98%	12/12/2013	$51.40	PP = $54.93
								MB = $57.68
Most Recent Note - 1/30/2014 12:40:38 PM Y - Reported earnings +82% on +63% sales revenues for the Dec '13 quarter. Gapped up and hit a new 52-week high today after finding support at its 50 DMA line during its latest consolidation. Color code is changed to yellow. Market conditions argue against new buying efforts until a FTD from at least one of the major averages confirms a new rally. One may consider a valid secondary buy point from its successful test of the 10 week average up to +5% above the recent high ($59.31 on 1/22/14). >>> FEATURED STOCK ARTICLE : Following New Offering Prior Highs Acted As Support - 1/15/2014 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
JAZZ - NASDAQ Jazz Pharmaceuticals Plc DRUGS - Biotechnology	$147.27	-4.39 -2.89%	$154.00	1,215,721 155.82% of 50 DAV 50 DAV is 780,200	$159.14 -7.46%	9/30/2013	$93.20	PP = $89.10
								MB = $93.56
Most Recent Note - 2/3/2014 6:34:37 PM G - Retreating from its 52-week high with 2 consecutive losses on above average volume. Its 50 DMA line ($129.39 now) defines important support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Very Extended From Sound Base Following Big Volume-Driven Gains - 1/14/2014 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
KORS - NYSE Michael Kors Hldgs Ltd RETAIL - Apparel Stores	$76.67	-3.26 -4.08%	$80.55	8,683,552 206.86% of 50 DAV 50 DAV is 4,197,800	$84.58 -9.35%	8/6/2013	$69.66	PP = $66.28
								MB = $69.59
Most Recent Note - 2/3/2014 6:30:57 PM G - Slumped further below its 50 DMA line today while falling on higher volume. Reports quarterly financial results on Tuesday, February 4, 2014, before the market opens. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Down on Higher Volume Ahead of Quarterly Earnings Report - 2/3/2014 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
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
MRLN - NASDAQ Marlin Business Services DIVERSIFIED SERVICES - Rental and Leasing Services	$24.48	-0.89 -3.51%	$25.40	61,148 191.09% of 50 DAV 50 DAV is 32,000	$29.58 -17.24%	12/19/2013	$26.69	PP = $28.74
								MB = $30.18
Most Recent Note - 2/3/2014 1:17:48 PM G - Color code is changed to green while slumping below its 50 DMA line raising more serious concerns. Disciplined investor always limit losses by selling any stock that falls more than -7% from their purchase price. >>> FEATURED STOCK ARTICLE : Hovering Near 52-Week High Following Technical Breakout - 1/22/2014 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
PCLN - NASDAQ Priceline.Com Inc INTERNET - Internet Software and Services	$1,113.49	-31.40 -2.74%	$1,151.09	734,768 124.26% of 50 DAV 50 DAV is 591,300	$1,214.97 -8.35%	12/18/2013	$1,156.20	PP = $1,198.85
								MB = $1,258.79
Most Recent Note - 1/29/2014 5:57:38 PM G - Slumped further below its 50 DMA line today with slightly higher volume. Prior low ($1,113.01 on 1/06/13) defines near-term support to watch. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Violation of 50-Day Average After Failing to Trigger New Buy Signal - 1/29/2014 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
RGR - NYSE Sturm Ruger & Co Inc CONSUMER DURABLES - Sporting Goods	$72.21	-3.96 -5.20%	$76.44	432,274 127.33% of 50 DAV 50 DAV is 339,500	$85.93 -15.97%	1/8/2014	$78.87	PP = $80.38
								MB = $84.40
Most Recent Note - 2/3/2014 1:12:43 PM G- Slumping further below its 50 DMA line today. Negated the prior breakout and slumped back into the prior base. Faces overhead supply up through the $85 level which may act as resistance. >>> FEATURED STOCK ARTICLE : Hit New Highs With 6th Consecutive Gain - 1/13/2014 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
SFUN - NYSE Soufun Hldgs Ltd Ads A INTERNET - Internet Information Providers	$78.58	-2.81 -3.45%	$83.92	1,399,472 119.57% of 50 DAV 50 DAV is 1,170,400	$95.39 -17.62%	10/17/2013	$58.02	PP = $53.87
								MB = $56.56
Most Recent Note - 2/3/2014 6:33:16 PM G - Fell just below its 50 DMA line with today's loss on slightly higher than average volume. More damaging losses would raise greater concerns. It is extended from any sound base. >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Defines Near Term Support After Great Rally - 1/31/2014 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
SILC - NASDAQ Silicom Ltd COMPUTER HARDWARE - Networking andamp; Communication Dev	$61.98	-0.43 -0.69%	$62.80	108,225 314.61% of 50 DAV 50 DAV is 34,400	$63.91 -3.02%	12/23/2013	$44.62	PP = $46.25
								MB = $48.56
Most Recent Note - 2/3/2014 12:42:58 PM G - Still hovering near its 52-week high, extended from any sound base. Stubbornly holding its ground since a considerable gap up on 1/23/14 after reporting earnings +92% on +52% sales for the Dec '13 quarter, beating consensus estimates. >>> FEATURED STOCK ARTICLE : Considerable Gap Up Following Strong Earnings Report - 1/23/2014 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
SSNC - NASDAQ S S & C Technologies COMPUTER SOFTWARE and SERVICES - Application Software	$37.84	-0.98 -2.52%	$38.98	436,268 165.76% of 50 DAV 50 DAV is 263,200	$46.61 -18.81%	10/22/2013	$39.17	PP = $40.04
								MB = $42.04
Most Recent Note - 1/29/2014 3:12:07 PM G- Gapped down today, raising greater concerns while slumping further below its 50 DMA line with above average volume behind its damaging 4th consecutive loss. A rebound above the 50 DMA line is needed for its outlook improve. >>> FEATURED STOCK ARTICLE : Enduring Distributional Pressure While Retreating Near Prior Highs - 1/16/2014 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
ULTI - NASDAQ Ultimate Software Group INTERNET - Internet Software and Services	$157.41	-5.82 -3.57%	$165.50	382,791 281.88% of 50 DAV 50 DAV is 135,800	$164.82 -4.50%	1/27/2014	$153.75	PP = $162.98
								MB = $171.13
Most Recent Note - 2/3/2014 12:48:35 PM Y - Retreating abruptly after touching another new 52-week high today. Prior gain confirmed a technical buy signal. On 1/30/14 members were cautioned - "Broader market conditions (M criteria) argue for caution until at least one of the major averages produces a convincing follow through day of gains on higher volume." >>> FEATURED STOCK ARTICLE : Forming New Base But Enduring Distributional Pressure - 1/27/2014 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
VRX - NYSE Valeant Pharmaceuticals DRUGS - Drug Manufacturers - Other	$133.36	-2.28 -1.68%	$137.99	1,530,955 132.54% of 50 DAV 50 DAV is 1,155,100	$140.36 -4.99%	9/11/2013	$100.26	PP = $105.50
								MB = $110.78
Most Recent Note - 1/28/2014 1:38:14 PM G - Extended from any sound base and enduring mild distributional pressure for the past week. Its 50 DMA line and prior highs near $115 define near-term support to watch. >>> FEATURED STOCK ARTICLE : Bullish Action Has Continued Despite Fundamental Concerns - 1/21/2014 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

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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