FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, August 19th, 2010

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AFTER MARKET UPDATE - THURSDAY, AUGUST 19TH, 2010

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Indices				NYSE			Nasdaq
DOW	-144.33	10,271.21	-1.39%	Volume	1,072,103,910	+16%	Volume	2,024,105,620	+26%
NASDAQ	-36.75	2,178.95	-1.66%	Advancers	550	18%	Advancers	512	19%
S&P 500	-18.53	1,075.63	-1.69%	Decliners	2,474	79%	Decliners	2,143	78%
Russell 2000	-17.08	610.96	-2.72%	52 Wk Highs	136		52 Wk Highs	22
S&P 600	-8.66	327.27	-2.58%	52 Wk Lows	69		52 Wk Lows	131

Distribution And Weakness In Financial Group Again Raising Concerns
Adam Sarhan, Contributing Writer,

The major averages fell on Thursday after weaker-than-expected economic data which suggests the economy may be slowing. Volume totals were reported higher on both major exchanges versus the prior session, which marked the latest distribution day for the the major averages. Decliners led advancers by over a 4-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 new lows on the Nasdaq exchange. There were only 10 high-ranked companies from the CANSLIM.net Leaders List made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, lower than the 26 issues that appeared on the prior session.

Stocks opened lower after after initial jobless claims unexpectedly rose, leading economic indicators and the Philly Fed's general economic index both fell. The Labor Department said that applications for unemployment benefits in the US jumped to the highest level since November 2009 last week which indicated that more employers are slashing jobs as the economy slows. Initial jobless claims rose by 12,000 to 500,000 in the week ended Aug. 14 and topped the Street's estimate of 478,000. Meanwhile, the Philadelphia Federal Reserve's general economic index fell to -7.7 which was below analysts' estimates and led many to question the health of the economic recovery. In other news, Intel (INTC -3.52%) announced plans to buy McAfee (MFE +57.05%) for $7.68 billion.

The technical action in the major averages continues to weaken. Currently, resistance for the Dow Jones Industrial Average and the benchmark S&P 500 index is their respective 200 DMA lines, while the Nasdaq Composite faces resistance at its 50 DMA line. It is also disconcerting to see the action in several leading stocks remain questionable as evidenced by the dearth of high-ranked leaders breaking out of sound bases. Thursday's action wiped out the gains enjoyed earlier in the week for the major averages which emphasizes the importance of remaining cautious until the rally is back in a confirmed uptrend. Put simply, we can expect this sideways/choppy action to continue until the market breaks out above resistance or below support (recent chart lows). The first scenario will have bullish ramifications while the second will be clearly bearish. Trade accordingly.

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PICTURED: The Small Cap S&P 600 Index has slumped under its 50 and 200 DMA lines which recently converged. The weak action is a worrisome sign for followers of the fact-based investment system since smaller stocks are a not producing enough great leadership (new highs) to fuel the market rally.

Losses For Energy, Financial, Retail, and Medical Groups
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Widespread losses dragged the majority of groups lower on Thursday. Medical shares slumped as the Healthcare Index ($HMO -2.68%) and Biotechnology Index ($BTK -2.63%) fell. Energy-related issues faced pressure and the Oil Services Index ($OSX -2.25%) and Integrated Oil Index ($XOI -1.81%) ended lower, and the Gold & Silver Index ($XAU -0.86%) also edged lower. The Retail Index ($RLX -1.45%) was a negative influence on the major averages along with weak financial shares as the Broker/Dealer Index ($XBD -2.17%) and Bank Index ($BKX -1.97%) lost ground. The Semiconductor Index ($SOX -1.71%) and Networking Index ($NWX -1.26%) backpedaled, meanwhile the Internet Index ($IIX +0.85%) was a standout gainer.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX -1.97%) has technically seen its 50 DMA line undercutting its 200 DMA line, called a "death cross" by chart readers, while the influential index is slumping near July lows. Further damage to the financial group would bode poorly for the market's rally, and longtime readers of this commentary know the historical importance of the financial group as a leading indicator.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	176.57	-4.06	-2.25%	-9.41%
Healthcare	$HMO	1,459.11	-40.16	-2.68%	-0.94%
Integrated Oil	$XOI	959.93	-17.74	-1.81%	-10.14%
Semiconductor	$SOX	326.42	-5.68	-1.71%	-9.31%
Networking	$NWX	229.43	-2.94	-1.26%	-0.71%
Internet	$IIX	248.38	+2.08	+0.85%	+6.21%
Broker/Dealer	$XBD	103.29	-2.29	-2.17%	-10.22%
Retail	$RLX	408.28	-6.02	-1.45%	-0.69%
Gold & Silver	$XAU	179.29	-1.55	-0.86%	+6.56%
Bank	$BKX	45.00	-1.19	-2.58%	+5.57%
Biotech	$BTK	1,070.04	-28.91	-2.63%	+13.58%

High-Ranked Canada-Based Mining Firm
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Eldorado Gold Corp (EGO -$0.08 or -0.43% to $18.53) is a Canada-based mining firm that has built a longer base-on-base type pattern and is trading within close striking distance of its 52-week high. It was featured in the mid-day report today (read here) in yellow with a pivot point based on its 52-week high plus ten cents. EGO reported great sales and earnings increases in Mar and Jun '10 quarterly comparisons and it has a very impressive earnings growth rate in recent years. Subsequent gains above its prior chart highs with at least +50% above average volume are needed to trigger a proper technical buy signal. Meanwhile it may spend more time basing, and it is an ideal candidate for disciplined investors' watchlists.

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
AAPL - NASDAQ Apple Inc COMPUTER HARDWARE - Personal Computers	$249.88	-3.19 -1.26%	$253.46	15,220,800 63.67% of 50 DAV 50 DAV is 23,907,500	$279.01 -10.44%	6/17/2010	$270.95	PP = $272.56
								MB = $286.19
Most Recent Note - 8/17/2010 4:35:52 PM G - Small gain on light volume today. Slumped below its 50 DMA line recently and raised concerns. A rally above its recent high near $266 is needed for its outlook to improve, meanwhile the recent chart low ($239) defines an important support level. >>> The latest Featured Stock Update with an annotated graph appeared on 8/9/2010. 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
ABV - NYSE Comp De Bebidas Adr FOOD and BEVERAGE - Beverages - Brewers	$110.67	+0.35 0.32%	$111.07	1,078,411 166.63% of 50 DAV 50 DAV is 647,200	$112.60 -1.71%	6/29/2010	$104.74	PP = $109.33
								MB = $114.80
Most Recent Note - 8/19/2010 12:03:18 PM G - This Brazil-based beverage firm is holding its ground today after a new high close. Color code was changed to green despite its resilience, as fundamental concerns were raised due to the quarter ended June 30, 2010 it reported +19% earnings on +16% sales revenues, below the +25% guidelines. >>> The latest Featured Stock Update with an annotated graph appeared on 8/18/2010. 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
BIDU - NASDAQ Baidu Inc Ads INTERNET - Internet Information Providers	$81.19	-1.73 -2.09%	$83.30	8,076,067 70.59% of 50 DAV 50 DAV is 11,440,800	$88.32 -8.07%	7/14/2010	$75.03	PP = $78.59
								MB = $82.52
Most Recent Note - 8/19/2010 4:54:00 PM G - Pulling back under its "max buy" level, however more time is needed for it to form a sound new base. Volume totals have been cooling while it consolidates above prior highs that define technical support along with its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 8/13/2010. 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
CACC - NASDAQ Credit Acceptance Corp FINANCIAL SERVICES - Credit Services	$59.42	-1.81 -2.96%	$61.35	45,104 83.84% of 50 DAV 50 DAV is 53,800	$61.41 -3.24%	7/29/2010	$52.04	PP = $54.07
								MB = $56.77
Most Recent Note - 8/19/2010 4:01:18 PM G - Consolidating from its 52-week high with a small loss on light volume today. Extended from its prior base, previous resistance near $54 defines initial chart support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 8/2/2010. 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
CRM - NYSE Salesforce.Com Inc INTERNET - Internet Software and Services	$96.41	-2.92 -2.94%	$99.90	3,306,921 146.27% of 50 DAV 50 DAV is 2,260,900	$104.44 -7.69%	6/2/2010	$88.44	PP = $89.60
								MB = $94.08
Most Recent Note - 8/19/2010 4:03:47 PM G - Loss today with above average volume indicates more distributional pressure. Testing support near prior highs in the $97 area and its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 8/16/2010. 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
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
EGO - NYSE Eldorado Gold Corp METALS and MINING - Gold	$18.53	-0.08 -0.43%	$18.89	4,219,112 98.61% of 50 DAV 50 DAV is 4,278,800	$19.07 -2.83%	8/19/2010	$18.25	PP = $19.17
								MB = $20.13
Most Recent Note - 8/19/2010 4:17:01 PM Y - Canada-based mining firm has built a longer base-on-base type pattern, and it was featured in the mid-day report today (read here) in yellow with a pivot point based on its 52-week high plus ten cents. EGO reported great sales and earnings increases in Mar and Jun '10 quarterly comparisons. >>> The latest Featured Stock Update with an annotated graph appeared on 8/19/2010. 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	$88.73	-0.13 -0.15%	$89.54	1,165,716 67.77% of 50 DAV 50 DAV is 1,720,000	$92.70 -4.28%	6/16/2010	$74.50	PP = $74.10
								MB = $77.81
Most Recent Note - 8/18/2010 4:35:08 PM G - Rebounding toward its high with gains on average volume following 2 consecutive damaging gaps down last week. Recently noted as -"extended from any sound base after recent volume-driven gains, it could go on to produce more climactic gains." >>> The latest Featured Stock Update with an annotated graph appeared on 8/4/2010. 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	$44.14	-0.86 -1.91%	$44.86	786,322 90.31% of 50 DAV 50 DAV is 870,700	$46.30 -4.67%	8/10/2010	$45.54	PP = $42.69
								MB = $44.82
Most Recent Note - 8/19/2010 4:39:30 PM Y - Loss with light volume today led to a close below its "max buy" level and its color code is changed to yellow again. It has been consolidating quietly following a considerable "breakaway gap" on 8/10/10 for a new 52-week high and all-time high. >>> The latest Featured Stock Update with an annotated graph appeared on 8/11/2010. 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
GMCR - NASDAQ Green Mtn Coffee Roastrs FOOD and BEVERAGE - Processed and Packaged Goods	$32.45	-0.19 -0.58%	$33.18	2,134,208 88.24% of 50 DAV 50 DAV is 2,418,600	$33.98 -4.50%	8/17/2010	$33.62	PP = $33.30
								MB = $34.97
Most Recent Note - 8/18/2010 4:49:14 PM Y - Finished near the session low today with a loss on light volume. It was featured in yellow again in the 8/17/10 mid-day report as it hit a new 52-week high, rising from a 19-week cup shaped pattern without forming a handle. It showed great resilience in rebounding from lows since it was dropped from the Featured Stocks list on 4/28/10. The number of top-rated funds owning its shares rose to 124 in Jun '10 from 111 in Mar '10. GMCR rallied more than 5-fold from its November '08 low. >>> The latest Featured Stock Update with an annotated graph appeared on 8/17/2010. 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
MELI - NASDAQ Mercadolibre Inc INTERNET - Internet Software and; Services	$67.70	-2.19 -3.13%	$69.34	782,358 74.02% of 50 DAV 50 DAV is 1,057,000	$70.32 -3.72%	5/13/2010	$54.21	PP = $55.85
								MB = $58.64
Most Recent Note - 8/19/2010 4:18:26 PM G - Small gap down and loss today on light volume. Still perched near its 52-week high after considerable gains, extended from any sound base. Prior highs in the $62 area define initial chart support. >>> The latest Featured Stock Update with an annotated graph appeared on 7/23/2010. 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
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
MRX - NYSE Medicis Pharmaceut Cl A DRUGS - Biotechnology	$26.50	-0.69 -2.54%	$27.09	948,888 84.92% of 50 DAV 50 DAV is 1,117,400	$28.15 -5.86%	8/12/2010	$26.88	PP = $26.71
								MB = $28.05
Most Recent Note - 8/19/2010 4:20:25 PM Y - Small gap down and loss today on light volume. Consolidating under its pivot point and near prior chart highs since its 8/06/10 breakout from a sound base. The high-ranked Medical - Ethical Drugs firm was featured in the mid-day report on 8/12/10 and noted for its strong quarterly and annual earnings history. >>> The latest Featured Stock Update with an annotated graph appeared on 8/12/2010. 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
MWIV - NASDAQ M W I Veterinary Supply HEALTH SERVICES - Medical Instruments and; Supplies	$51.18	-0.80 -1.54%	$52.74	87,456 116.92% of 50 DAV 50 DAV is 74,800	$54.48 -6.06%	7/29/2010	$52.05	PP = $52.09
								MB = $54.69
Most Recent Note - 8/19/2010 4:22:51 PM Y - Loss today on lighter volume near average following 3 gains with above average volume. Recently repaired its 50 DMA line violation and color code was changed to yellow based on its technical improvement. Recent lows in the $46 area define important chart support level. >>> The latest Featured Stock Update with an annotated graph appeared on 7/30/2010. 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
NEM - NYSE Newmont Mining Corp METALS and MINING - Gold	$58.44	-1.05 -1.77%	$60.19	5,383,326 67.78% of 50 DAV 50 DAV is 7,941,800	$63.38 -7.79%	6/22/2010	$59.60	PP = $59.67
								MB = $62.65
Most Recent Note - 8/19/2010 4:26:23 PM Y - Loss today on lighter volume, closing near its 50 DMA line. Color code was changed to yellow based on its resilience. Distributional action in recent weeks has been followed by no gains with average or higher volume. >>> The latest Featured Stock Update with an annotated graph appeared on 8/6/2010. 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	$27.75	-0.40 -1.42%	$28.03	82,436 96.30% of 50 DAV 50 DAV is 85,600	$30.39 -8.69%	7/22/2010	$27.19	PP = $27.87
								MB = $29.26
Most Recent Note - 8/19/2010 4:27:44 PM G - Consolidating near its 50 DMA line and prior highs in the $27 area defining important technical support. Its recent slump below its pivot point negated its latest breakout raising concerns, and its color code was changed to green >>> The latest Featured Stock Update with an annotated graph appeared on 7/22/2010. 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
NFLX - NASDAQ Netflix Inc SPECIALTY RETAIL - Music and Video Stores	$128.24	+2.54 2.02%	$129.70	6,652,821 154.48% of 50 DAV 50 DAV is 4,306,600	$140.90 -8.99%	8/10/2010	$124.05	PP = $124.00
								MB = $130.20
Most Recent Note - 8/19/2010 4:33:39 PM Y- Gapped down today and then found prompt support near its prior high of $124 noted as an important support level to watch after its 8/17/10 negative reversal at an all-time high. Today's positive reversal was somewhat encouraging, and its color code is changed to yellow. >>> The latest Featured Stock Update with an annotated graph appeared on 8/10/2010. 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	$42.49	+0.08 0.19%	$42.78	644,592 56.20% of 50 DAV 50 DAV is 1,147,000	$44.96 -5.49%	6/3/2010	$38.70	PP = $40.16
								MB = $42.17
Most Recent Note - 8/17/2010 4:14:59 PM G - Wedged back above its "max buy" level with gains on light volume this week. Color code is changed to green again. Time is needed for it to form a sound new base. Prior highs in the $40 area and its 50 DMA line define chart support. >>> The latest Featured Stock Update with an annotated graph appeared on 7/21/2010. 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
SHOO - NASDAQ Steven Madden Limited CONSUMER NON-DURABLES - Textile - Apparel Footwear	$35.94	-0.93 -2.52%	$36.90	238,777 54.72% of 50 DAV 50 DAV is 436,400	$40.98 -12.30%	8/5/2010	$39.55	PP = $41.08
								MB = $43.13
Most Recent Note - 8/19/2010 4:35:47 PM G - Recently found support near its 50 DMA line, however it retraced more than half of the depth of the previously noted cup shaped pattern. >>> The latest Featured Stock Update with an annotated graph appeared on 8/5/2010. 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
VIT - NYSE Vanceinfo Tech Inc Ads COMPUTER SOFTWARE and SERVICES - Business Software and Services	$26.65	+1.66 6.64%	$26.95	677,820 128.06% of 50 DAV 50 DAV is 529,300	$27.96 -4.69%	7/8/2010	$25.20	PP = $26.58
								MB = $27.91
Most Recent Note - 8/19/2010 4:37:36 PM Y - Considerable gain today with slightly above average volume, rallying up from its 50 DMA line. Color code was changed to yellow based on its resilience. Minimal resistance remains due to overhead supply now. >>> The latest Featured Stock Update with an annotated graph appeared on 7/26/2010. 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

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