FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - WEDNESDAY, MAY 5TH, 2010

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Indices				NYSE			Nasdaq
DOW	-59.94	10,866.83	-0.55%	Volume	1,505,368,470	-1%	Volume	2,886,198,980	-1%
NASDAQ	-21.96	2,402.29	-0.91%	Advancers	630	20%	Advancers	697	24%
S&P 500	-7.73	1,165.87	-0.66%	Decliners	2,477	78%	Decliners	2,061	72%
Russell 2000	-11.12	698.58	-1.57%	52 Wk Highs	52		52 Wk Highs	51
S&P 600	-5.06	373.30	-1.34%	52 Wk Lows	44		52 Wk Lows	77

S&P 500 and Nasdaq Composite Slip Under 50-Day Averages
Adam Sarhan, Contributing Writer,

The major averages ended lower one day after sliding into a correction as the US dollar rallied and the euro tumbled. Volume totals were reported slightly lower on both the NYSE and on the Nasdaq exchange compared to Tuesday's lofty levels as the NYSE Composite, Nasdaq Composite and S&P 500 Index collectively closed below their respective 50-day moving average (DMA) lines. Decliners trumped advancers by approximately a 3-to-1 ratio on the NYSE and on the Nasdaq exchange. New 52-week highs outnumbered new 52-week lows on the NYSE but trailed on the Nasdaq exchange for the first time since February. There were only 6 high-ranked companies from the CANSLIM.net Leaders List that made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, down from the 7 issues that appeared on the prior session. Waning leadership has been evidenced by the recent lack of stocks making new highs as the rally came under pressure.

The market slid into a correction on Tuesday after a series of ominous factors dragged stocks lower. It is important to note that the major averages have been steadily rallying since February and after the large move we began to see a jump in volatility which is usually not a healthy sign. Second, the number of distribution days surged in recent weeks which suggests large institutional investors are selling stocks.

It was also worrisome to see the geopolitical mess in Europe 'gap down' in recent weeks, evidenced by the sharp decline in the euro. Fourth, the number of high ranked breakouts dried up significantly in recent weeks which increased the odds of a near term pullback. It was also disconcerting to see the price and volume for stock markets around the world plunge as the dollar rallied. The MSCI World Index of stocks erased its 2010 gain as the euro skidded to a fresh 14-month low.

Taking the appropriate action on a case-by-case basis with your stocks prompts investors to raise cash when any holdings start getting into the trouble zone. A reminder was added to many Featured Stocks' notes this week -Broader market action (M criteria) is normally expected to impact 3 out of 4 stocks, and widespread losses are adding to concerns about the current rally's tenacity. Trade accordingly.

PICTURED:The benchmark S&P 500 Index closed under its 50-day moving average with today's loss, pulling back near prior chart highs.

Biotechnology Index Dives
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Energy shares finished Wednesday's session with losses as the Integrated Oil Index ($XOI -2.17%) and Oil Services Index ($OSX -1.66%) seeped lower. The Semiconductor Index ($SOX -1.07%), Internet Index ($IIX -0.49%), and Networking Index ($NWX -0.46%) closed modestly lower. The Gold & Silver Index ($XAU -0.88%), Broker/Dealer Index ($XBD -0.70%), and Retail Index ($RLX -0.33%) finished with small losses while the Bank Index ($BKX +0.00%) ended flat and the Healthcare Index ($HMO +0.88%) was a standout gainer.

Charts courtesy www.stockcharts.com

PICTURED: The Biotechnology Index ($BTK -5.58%) was a standout decliner today as it slumped well below its 50-day moving average (DMA) line and violated its recent chart low. It has been one of the better performing indexes year-to-date.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	202.70	-3.42	-1.66%	+3.99%
Healthcare	$HMO	1,479.55	+12.94	+0.88%	+0.45%
Integrated Oil	$XOI	1,053.10	-23.40	-2.17%	-1.41%
Semiconductor	$SOX	364.54	-3.94	-1.07%	+1.29%
Networking	$NWX	261.38	-1.21	-0.46%	+13.12%
Internet	$IIX	247.38	-1.21	-0.49%	+5.78%
Broker/Dealer	$XBD	117.39	-0.82	-0.70%	+2.03%
Retail	$RLX	467.64	-1.56	-0.33%	+13.75%
Gold & Silver	$XAU	172.86	-1.53	-0.88%	+2.74%
Bank	$BKX	54.99	+0.00	+0.00%	+28.75%
Biotech	$BTK	1,122.72	-66.39	-5.58%	+19.17%

Testing Support With Earnings News Due Soon
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Rovi Corp (ROVI -$0.78 or -2.05% to $37.21) ended near its 50-day moving average (DMA) line, closing today's session in the middle of its intra-day range after undercutting that important short-term average earlier and dipping near its recent chart low. Its color code was changed to green based on the distributional action ahead of earnings news due Thursday, May 6th after the close. More damaging losses under its 50 DMA and recent chart lows would raise more serious concerns. Its 4/23/10 gain for a new all-time high lacked sufficient volume to trigger a proper new technical buy signal. Earlier, ROVI had triggered a technical buy signal with a high-volume gain on 3/02/10 that may have signaled the beginning of a substantial advance, but thus far it made limited progress. Broader market action (M criteria) is normally expected to impact 3 out of 4 stocks, and widespread losses are adding to concerns about the current rally's tenacity.

Volume and volatility often increase near earnings news. It is important to remain disciplined while also watching out for whipsaw-like action. Earnings per share increases in 3 of the past 4 quarterly comparisons versus the year ago period showed better than +25% growth.

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 quote data in this table corresponds with the timestamp on the note***

Symbol/Exchange Company Name Industry Group	Last	Chg.	Vol % DAV	Date Featured	Price Featured	Latest Pivot Point Featured	Status
						Latest Max Buy Price
AMZN - NASDAQ Amazon.com Inc INTERNET - Internet Software & Services	$130.85	+1.02	8,522,923 114% DAV 7,466,600	4/23/2010 (Date Featured)	$144.41 (Price Featured)	PP = $146.01	G
						MB = $153.31
Most Recent Note - 5/5/2010 3:51:19 PM G - Held its ground today after a damaging gap down on 5/04/10 violated its 50 DMA line and triggered a technical sell signal. Broader market action (M criteria) is normally expected to impact 3 out of 4 stocks, and widespread losses are adding to concerns about the current rally's tenacity. AMZN was featured in the 4/23/10 mid-day report (read here) while it was encountering distributional pressure following strong results for the March 31, 2010 quarter. >>> The latest Featured Stock Update with an annotated graph appeared on 4/23/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
ARUN - NASDAQ Aruba Networks Inc COMPUTER HARDWARE - Networking & Communication Dev	$11.75	-0.28	3,025,224 208% DAV 1,457,200	4/29/2010 (Date Featured)	$13.23 (Price Featured)	PP = $14.12	G
						MB = $14.83
Most Recent Note - 5/5/2010 3:55:50 PM G - Loss today on higher volume led to trading near its January 2010 highs. Recent worrisome distributional pressure triggered technical sell signals as it violated its 50 DMA line and prior chart lows. Broader market action (M criteria) is normally expected to impact 3 out of 4 stocks, and widespread losses are adding to concerns about the current rally's tenacity. >>> The latest Featured Stock Update with an annotated graph appeared on 4/29/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
BIDU - NASDAQ Baidu Inc Ads INTERNET - Internet Information Providers	$693.00	-15.99	1,285,997 84% DAV 1,525,500	1/13/2010 (Date Featured)	$431.25 (Price Featured)	PP = $426.75	G
						MB = $448.09
Most Recent Note - 5/4/2010 4:15:05 PM G - Consolidating on light volume today, closing only -3.5% off its all-time high. Its streak of 13 consecutive weekly gains leaves it very extended from a sound base. Repeatedly noted - "could produce more climactic gains, especially due to the small supply (S criteria) of shares outstanding." >>> The latest Featured Stock Update with an annotated graph appeared on 4/20/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
BPI - NYSE Bridgepoint Education DIVERSIFIED SERVICES - Education &; Training Services	$24.70	+1.03	627,771 130% DAV 481,600	4/13/2010 (Date Featured)	$25.59 (Price Featured)	PP = $25.76	G
						MB = $27.05
Most Recent Note - 5/5/2010 3:09:55 PM G - After another gap down today it has managed a positive reversal, making a stand near its 50 DMA line. The 3 losses with heavy volume in the past 4 sessions indicated distributional pressure. The Commercial Services - Schools firm was featured in yellow in the 4/13/10 mid-day report (read here) as rose from a cup-with-high-handle. >>> The latest Featured Stock Update with an annotated graph appeared on 4/13/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
BRLI - NASDAQ Bio Reference Labs Inc HEALTH SERVICES - Medical Laboratories & Researc	$22.92	-0.08	149,151 77% DAV 194,500	2/12/2010 (Date Featured)	$39.02 (Price Featured)	PP = $20.49	G
						MB = $21.51
Most Recent Note - 5/5/2010 3:41:11 PM G - Down slightly on below average volume today, trading up from early lows near its 50 DMA line - always an important support level to watch. Consolidating quietly after a big winning streak and a 2:1 stock split. Its weekly chart has recently been marked by many up weeks with above average volume this year. >>> The latest Featured Stock Update with an annotated graph appeared on 4/16/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
CISG - NASDAQ Cninsure Inc Ads INSURANCE - Insurance Brokers	$27.56	-0.84	208,168 82% DAV 255,100	3/3/2010 (Date Featured)	$24.38 (Price Featured)	PP = $23.10	Y
						MB = $24.26
Most Recent Note - 5/4/2010 4:26:16 PM Y - Consolidating near its 52-week high. Its color code was changed to yellow again on 4/29/10, however the prior high is not considered a "pivot point" by definition since it did not form a proper new base. >>> The latest Featured Stock Update with an annotated graph appeared on 4/19/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
CRM - NYSE Salesforce.com Inc INTERNET - Internet Software & Services	$86.59	-1.13	2,270,357 134% DAV 1,690,800	3/5/2010 (Date Featured)	$72.28 (Price Featured)	PP = $75.53	G
						MB = $79.31
Most Recent Note - 5/4/2010 4:31:47 PM G - Churning near its all-time high today, enduring some distributional pressure while closing the session still only -3.3% off its high. Its 50 DMA line (now $78.14) is the nearest chart support level. >>> The latest Featured Stock Update with an annotated graph appeared on 4/21/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
CTRP - NASDAQ Ctrip.com Intl Ltd Adr LEISURE - Resorts & Casinos	$35.29	-1.31	1,271,616 68% DAV 1,872,500	3/25/2010 (Date Featured)	$40.74 (Price Featured)	PP = $39.40	G
						MB = $41.37
Most Recent Note - 5/5/2010 3:47:12 PM G - Loss on below average volume today raises more serious concerns, technically, as it traded under its 4/21/10 low ($35.60) and 3/22/10 low ($34.85). Only a prompt rebound above its 50 DMA would help its outlook. >>> The latest Featured Stock Update with an annotated graph appeared on 4/12/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
EZPW - NASDAQ Ezcorp Inc Cl A SPECIALTY RETAIL - Specialty Retail, Other	$19.67	-1.41	888,905 161% DAV 553,600	4/14/2010 (Date Featured)	$21.80 (Price Featured)	PP = $22.29	G
						MB = $23.40
Most Recent Note - 5/5/2010 2:46:04 PM G - Considerable loss today with above average volume has led to more worrisome deterioration below its 50 DMA line. Previously noted loss on 4/30/10 triggered technical sell signals. A prompt repair of the 50 DMA breach would help its outlook, meanwhile greater concerns have been raised. >>> The latest Featured Stock Update with an annotated graph appeared on 4/27/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
ISRG - NASDAQ Intuitive Surgical Inc HEALTH SERVICES - Medical Appliances & Equipment	$345.14	-16.58	597,224 105% DAV 570,800	4/13/2010 (Date Featured)	$363.46 (Price Featured)	PP = $367.10	G
						MB = $385.46
Most Recent Note - 5/5/2010 2:48:27 PM G - Gapped down today violating its recent chart low and 50 DMA line, raising more serious concerns and triggering technical sell signals. Color code is changed to green. ISRG was featured again in the 4/13/10 mid-day report (read here) with new pivot point cited based on its 3/03/10 high. >>> The latest Featured Stock Update with an annotated graph appeared on 5/3/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
LL - NYSE Lumber Liquidators Hldgs RETAIL - Home Improvement Stores	$30.07	-1.45	360,270 86% DAV 418,800	4/22/2010 (Date Featured)	$29.87 (Price Featured)	PP = $29.03	G
						MB = $30.48
Most Recent Note - 5/4/2010 4:41:20 PM G - Consolidating above prior chart highs in the $28 area, its "positive reversal" on 4/28/10 was a recent sign of prompt support. First featured in yellow at $29.87 in the 4/22/10 the mid-day report (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 4/26/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
LOPE - NASDAQ Grand Canyon Education DIVERSIFIED SERVICES - Education &; Training Services	$25.49	+0.46	447,714 124% DAV 360,100	4/13/2010 (Date Featured)	$27.71 (Price Featured)	PP = $27.33	G
						MB = $28.70
Most Recent Note - 5/5/2010 2:54:29 PM G - Its gain today suggests that support is being found near its 50 DMA line after a recent streak of 8 consecutive losses. Many for-profit schools have encountered distributional pressure in the wake of recently proposed regulatory changes. >>> The latest Featured Stock Update with an annotated graph appeared on 4/14/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
PCLN - NASDAQ Priceline.com Inc INTERNET - Internet Software & Services	$399.55	-4.72	584,812 N/A	11/1/2002 (Date Featured)	$399.55 (Price Featured)	PP = $428.20	Y
						MB = $449.61
Most Recent Note - 1/2/2011 Y - Returns to Featured Stocks list with its appearance in the January 2011 CANSLIM.net News including detailed analysis and annotated daily and weekly graphs. >>> The latest Featured Stock Update with an annotated graph appeared on 4/28/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
ROVI - NASDAQ Rovi Corp COMPUTER SOFTWARE & SERVICES - Security Software & Services	$37.21	-0.78	2,258,686 178% DAV 1,269,400	4/20/2010 (Date Featured)	$37.62 (Price Featured)	PP = $38.60	G
						MB = $40.53
Most Recent Note - 5/5/2010 4:11:27 PM G - Closed near its 50 DMA line in the middle of its intra-day range after undercutting that important short-term average earlier while dipping near its recent chart low. Color code was changed to green based on the distributional action ahead of earnings news due Thursday, May 6th after the close. >>> The latest Featured Stock Update with an annotated graph appeared on 5/5/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
SIRO - NASDAQ Sirona Dental Systems HEALTH SERVICES - Medical Instruments & Supplies	$38.27	-4.60	2,089,330 422% DAV 494,700	2/16/2010 (Date Featured)	$36.43 (Price Featured)	PP = $36.15	G
						MB = $37.96
Most Recent Note - 5/5/2010 12:02:08 PM G - Gapped down today after reporting +231% earnings on +15% sales revenues for the quarter ended March 31, 2010 versus the year ago period. Its considerable loss with heavy volume led to a breach of its 50 DMA line and earlier trading near its 4/08/10 low ($37.00), levels noted recently as support. >>> The latest Featured Stock Update with an annotated graph appeared on 4/22/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
SUMR - NASDAQ Summer Infant Inc CONSUMER NON-DURABLES - Personal Products	$7.05	+0.05	46,998 106% DAV 44,300	5/4/2010 (Date Featured)	$6.85 (Price Featured)	PP = $7.09	Y
						MB = $7.44
Most Recent Note - 5/5/2010 4:17:18 PM Y - Held its ground today, showing resilience amid a mostly negative market. Perched near its pivot point, it was featured in the 5/04/10 mid-day report (read here) - "Inching into new high ground this week on the right side of a 7-week flat base above its 50 DMA line and well above prior chart highs in the $5 area. Color code is yellow with pivot point noted based upon its 3/15/10 high plus ten cents. Quarterly earnings (C criteria) in the 2 latest quarterly comparisons showed great increases while sales revenues growth accelerated to +27% in the period ended Mach 31, 2010. It has a good annual earnings (A criteria) history, and a small supply (S criteria) of only 11.0 million shares in the public float. Technically, a gain and strong close above its pivot point with heavy volume would trigger a buy signal." >>> The latest Featured Stock Update with an annotated graph appeared on 5/4/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$23.01	-0.92	254,651 59% DAV 431,100	3/12/2010 (Date Featured)	$22.81 (Price Featured)	PP = $21.72	G
						MB = $22.81
Most Recent Note - 5/4/2010 4:55:14 PM G - Consolidating on quiet volume today, closing only -10.7% off its 52-week high. A subsequent violation of its 50 DMA line or recent chart low $21.66 would trigger damaging technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 4/30/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
VIT -	$23.06	-1.13	1,479,773 208% DAV 710,500	4/9/2010 (Date Featured)	$23.79 (Price Featured)	PP = $23.95	G
						MB = $25.15
Most Recent Note - 5/5/2010 2:52:40 PM G - Gapped down today and considerably undercut its 50 DMA line earlier, yet it found prompt support and is now trading above that important short-term average and in the upper third of its intra-day range. Color code is changed to green based on recent distributional action. Broader market action (M criteria) is normally expected to impact 3 out of 4 stocks, and widespread losses are adding to concerns about the current rally's tenacity. >>> The latest Featured Stock Update with an annotated graph appeared on 4/9/2010. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile

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