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AFTER MARKET UPDATE - WEDNESDAY, SEPTEMBER 18TH, 2013
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Indices NYSE Nasdaq
DOW  +147.21 15,676.94 +0.95% Volume 819,727,560 +42% Volume 1,775,510,420 +21%
NASDAQ +37.94 3,783.64 +1.01% Advancers 2,644 84% Advancers 1,622 62%
S&P 500 +20.76 1,725.52 +1.22% Decliners 443 14% Decliners 904 34%
Russell 2000 +10.58 1,076.97 +0.99% 52 Wk Highs 326   52 Wk Highs 253  
S&P 600 +6.00 607.24 +1.00% 52 Wk Lows 30   52 Wk Lows 22  

Dow Industrials and S&P 500 Index Blasted to New Record Highs

The major averages rallied on Wednesday to finish firmly in positive territory. Volume totals were higher on the NYSE and on the Nasdaq exchange, indicating an increase in institutional buying demand. Breadth was solidly positive as advancers led decliners by more than a 5-1 margin on the NYSE and by nearly a 2-1 margin on the Nasdaq exchange.  Leadership expanded as there were 100 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 the total of 67 stocks on the prior session. The list of stocks hitting new 52-week highs swelled and solidly outnumbered new lows on the NYSE and on the Nasdaq exchange. There were gains for 16 of the 21 high-ranked companies currently included on the Featured Stocks Page.

 

The Dow Jones Industrial Average rose 147 points to end the session at an all-time high of 15,676. The S&P 500 Index advanced 21 points to reach a record level at 1,725. The major averages rose sharply after the Fed unexpectedly maintained the pace of its bond buying program. In the statement at the conclusion of its policy meeting, the central bank said it decided to refrain from tapering until it sees more sustainable economic progress. On the data front, reports before the open showed housing starts rose +0.9% while building permits declined -3.8% in August.

Among earnings releases, FedEx Corp (FDX +5.03%) rose as quarterly results topped consensus estimates. All 10 sectors were up on the session. Utilities and materials were the best performing groups as Southern Company (SO +3.6%) climbed and Newmont Mining Corp (NEM +8.24%) rallied as metal prices advanced. Shares of Oracle Corp (ORCL +1.83%) ahead of its scheduled earnings release. 

Treasuries climbed following the Fed statement. The 10-year note gained 1 and 10/32 to yield 2.69%.

New buying efforts in stocks are justified under the fact-based system while the market (M criteria) is currently in a confirmed rally. Stay familiar with companies listed on the CANSLIM.net Featured Stocks Page - a page showing the most action-worthy candidates' latest notes and links to additional resources including detailed analysis with data-packed graphs which are annotated by a Certified expert.  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 Nasdaq Composite Index rallied with above average volume to new 2013 highs.


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.


Gold & Silver Index Blasts Above 50-Day Average

The  Retail Index ($RLX +1.75%) posted a solid gain and underpinned the major averages' rally. Meanwhile, the Broker/Dealer Index ($XBD -0.92%) lost ground and the Bank Index ($BKX +0.15%) only eked out a small gain. Energy-related shares had a positive bias as the Oil Services Index ($OSX +1.10%) and the Integrated Oil Index ($XOI +1.44%) rose.  The tech sector saw unanimous gains from the Biotechnology Index ($BTK +0.60%), Internet Index ($IIX +0.84%), Semiconductor Index ($SOX +0.87%), and the Networking Index ($NWX +0.98%). Meanwhile, Healthcare Index ($HMO -1.81%) lost ground, making it a clear laggard.

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU +8.67%) was a standout gainer as it rebounded above its 50-day moving average.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  277.98 +3.03 +1.10% +26.26%
Healthcare $HMO  3,540.62 -65.30 -1.81% +40.83%
Integrated Oil $XOI  1,423.28 +20.19 +1.44% +14.61%
Semiconductor $SOX  497.67 +4.27 +0.87% +29.58%
Networking $NWX  306.21 +2.98 +0.98% +35.16%
Internet $IIX  421.80 +3.53 +0.84% +28.99%
Broker/Dealer $XBD  139.89 -1.30 -0.92% +48.30%
Retail $RLX  857.16 +14.75 +1.75% +31.25%
Gold & Silver $XAU  104.88 +8.37 +8.67% -36.67%
Bank $BKX  64.68 +0.10 +0.15% +26.13%
Biotech $BTK  2,246.78 +13.51 +0.60% +45.23%


Gains Lacked Volume Conviction While Hitting New Highs

Yandex (YNDX  +$1.03 or +2.93% to $36.22) rose to a new 52-week high without great volume conviction its gain. As recently noted - "A valid secondary buy point exists up to +5% above its prior high."  It found support at its 50-day moving average (DMA) line, important near-term support to watch, then rallied higher since last shown in this FSU section on 8/20/13 with an annotated graph under the headline, "Consolidating Well Above Support Areas".

The company has shown strong quarterly sales revenues and earnings increases through Jun '13 versus the year ago periods. It has earned high ranks and maintained a strong quarterly and annual earnings history (C and A criteria). The number of top-rated funds owning its shares rose from 276 in Sep '12 to 476 in Jun '13, a reassuring sign concerning the I criteria.  The Internet - Content group has recently shown leadership and it currently has the highest possible A+ Group Relative Strength Rating, a reassuring sign concerning the L criteria of the fact-based investment system.


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
AVG - NYSE
A V G Technologies N.V.
INTERNET - Internet Software and Services  
$25.37 +0.95
3.89%

$25.41

2,149,580
258.11% of 50 DAV
50 DAV is 832,800
$25.12
1.00%
9/13/2013 $23.06 PP = $23.88
MB = $25.07
Most Recent Note - 9/18/2013 12:23:14 PM
G - Color code is changed to green after rallying beyond its "max buy" level. Triggered a technical buy signal on 9/16/13 with 5 times average volume behind its breakout gain above the pivot point. More details and an annotated graph were included on 9/13/13 in the latest FSU analysis under the headline, "Rallying Near Pivot Point With Greater Volume Conviction".
>>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2013. Click here.

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BITA - NYSE
Bitauto Hldgs Ltd Ads
INTERNET - Internet Information Providers  
$14.60 -0.25
-1.68%

$14.96

576,467
161.43% of 50 DAV
50 DAV is 357,100
$18.10
-19.34%
8/7/2013 $12.01 PP = $13.30
MB = $13.97
Most Recent Note - 9/17/2013 3:17:41 PM
G - Recently encountered distributional pressure. Its choppy 6-week consolidation above its 50 DMA line and prior highs is not recognized as a sound base pattern.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/3/2013. Click here.

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CELG - NASDAQ
Celgene Corp
DRUGS - Drug Manufacturers - Major  
$148.67 +1.63
1.11%

$150.15

3,433,180
138.15% of 50 DAV
50 DAV is 2,485,100
$151.20
-1.67%
9/12/2013 $149.50 PP = $150.02
MB = $157.52
Most Recent Note - 9/12/2013 4:08:38 PM
Y - Wedging into new high territory this week with a streak of gains lacking volume conviction. New pivot point is cited based on its 8/01/13 high plus 10 cents, and subsequent volume-driven gains may trigger a new (or add-on) technical buy signal. It formed a base-on-base type pattern. Its 50 DMA line defines important chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/21/2013. Click here.

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EGBN - NASDAQ
Eagle Bancorp Inc
BANKING - Regional - Mid-Atlantic Banks  
$27.60 -0.14
-0.50%

$27.99

42,551
59.02% of 50 DAV
50 DAV is 72,100
$28.24
-2.27%
9/16/2013 $27.48 PP = $27.77
MB = $29.16
Most Recent Note - 9/16/2013 6:53:19 PM
Y - Finished lower today following a "negative reversal" after hitting a new 52-week high. Highlighted in yellow with a new pivot point based on its 7/25/13 high plus 10 cents. Reported earnings +33% on +15% sales revenues for the Jun '13 quarter. Found support at its 50 DMA line again since noted in the 7/26/13 mid-day report - "This Bank holding company with operations in the Northeast has shown strong sales revenues and earnings increases (C criteria) in recent quarterly comparisons. Annual earnings (A criteria) history included a downturn in FY '07-09 yet improved in recent years." See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/16/2013. Click here.

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FLT - NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services  
$110.98 +1.41
1.29%

$111.18

425,039
69.85% of 50 DAV
50 DAV is 608,500
$110.42
0.50%
8/19/2013 $99.01 PP = $100.97
MB = $106.02
Most Recent Note - 9/12/2013 12:33:46 PM
G - Blasted beyond its "max buy" level to new highs after pricing a 2.75M share Secondary Offering at $105.25. FLT has traded up as much as +55% since first featured in yellow in the mid-day report on 3/21/13 (read here)
>>> The latest Featured Stock Update with an annotated graph appeared on 9/6/2013. Click here.

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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
GNRC - NYSE
Generac Hldgs Inc
CONSUMER DURABLES - Electronic Equipment  
$42.07 +0.20
0.48%

$42.19

419,340
50.29% of 50 DAV
50 DAV is 833,900
$44.30
-5.03%
9/12/2013 $41.40 PP = $43.27
MB = $45.43
Most Recent Note - 9/12/2013 5:47:27 PM
Y - Rebounded above its 50 DMA line, its color code is changed to yellow while building on a new base with pivot point based on its 8/14/13 high. Subsequent volume-driven gains may trigger a new technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/22/2013. Click here.

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KORS - NYSE
Michael Kors Hldgs Ltd
RETAIL - Apparel Stores  
$75.72 +0.70
0.93%

$75.79

3,575,006
100.41% of 50 DAV
50 DAV is 3,560,300
$76.74
-1.33%
8/6/2013 $69.66 PP = $66.28
MB = $69.59
Most Recent Note - 9/17/2013 3:04:29 PM
G - Extended from its prior base and volume totals have been cooling while consolidating near its 52-week high. Its 50 DMA line defines support above prior highs in the $66 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/29/2013. Click here.

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LOPE - NASDAQ
Grand Canyon Education
DIVERSIFIED SERVICES - Education and; Training Services  
$39.66 +1.65
4.34%

$39.90

519,797
128.28% of 50 DAV
50 DAV is 405,200
$38.11
4.07%
6/19/2013 $31.47 PP = $34.17
MB = $35.88
Most Recent Note - 9/18/2013 7:39:16 PM
G - Surged to a new all-time high with today's gain backed by above average volume. Fundamental concerns remain while technical action has been reassuring.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/12/2013. Click here.

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MRLN - NASDAQ
Marlin Business Services
DIVERSIFIED SERVICES - Rental and Leasing Services  
$25.79 +0.40
1.58%

$26.01

21,913
58.28% of 50 DAV
50 DAV is 37,600
$26.96
-4.34%
9/9/2013 $25.75 PP = $26.07
MB = $27.37
Most Recent Note - 9/12/2013 12:52:07 PM
Y - Trading at a new 52-week high today. The company announced plans to pay a Special Dividend to shareholders of record 9/16/13. Held its ground stubbornly and rose since a volume-driven breakout gain on 9/05/13. See the latest FSU analysis for more details and an annotated weekly graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/9/2013. Click here.

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PCLN - NASDAQ
Priceline.Com Inc
INTERNET - Internet Software and Services  
$995.09 +24.85
2.56%

$1,001.00

673,190
107.50% of 50 DAV
50 DAV is 626,200
$994.98
0.01%
9/13/2013 $966.82 PP = $995.08
MB = $1,044.83
Most Recent Note - 9/13/2013 8:30:57 PM
Y - Color code is changed to yellow with new pivot point cited based on its 8/09/13 high plus 10 cents. Consolidating in an orderly fashion above prior highs, still building a new flat base. Subsequent volume-driven gains may trigger a new (or add-on) technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/19/2013. Click here.

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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
PRAA - NASDAQ
Portfolio Recovery Assoc
DIVERSIFIED SERVICES - Business/Management Services  
$58.63 -0.51
-0.86%

$59.31

327,310
60.31% of 50 DAV
50 DAV is 542,700
$59.45
-1.37%
7/31/2013 $51.43 PP = $54.72
MB = $57.46
Most Recent Note - 9/17/2013 3:19:21 PM
G - Extended from its prior base and hovering very near its 52-week high for the past week with volume totals cooling. Found support above its 50 DMA line during the latest consolidation.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/28/2013. Click here.

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PRLB - NYSE
Proto Labs Inc
MANUFACTURING - Small Tools and Accessories  
$75.65 +0.09
0.12%

$76.09

287,201
71.87% of 50 DAV
50 DAV is 399,600
$76.73
-1.41%
7/29/2013 $64.86 PP = $67.50
MB = $70.88
Most Recent Note - 9/16/2013 6:54:53 PM
G - Gapped up today and posted a gain with light volume. Support to watch is at prior highs and above its 50 DMA line coinciding in the $67 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/27/2013. Click here.

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QCOR - NASDAQ
Questcor Pharmaceuticals
DRUGS - Biotechnology  
$65.63 +0.10
0.15%

$66.45

964,932
57.27% of 50 DAV
50 DAV is 1,684,800
$74.76
-12.21%
7/31/2013 $66.46 PP = $59.01
MB = $61.96
Most Recent Note - 9/16/2013 6:57:03 PM
G - Consolidating above its 50 DMA line defining important near-term support. A subsequent violation would trigger a technical sell signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/26/2013. Click here.

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SFUN - NYSE
Soufun Hldgs Ltd Ads A
INTERNET - Internet Information Providers  
$49.88 +4.48
9.87%

$50.19

2,169,729
249.22% of 50 DAV
50 DAV is 870,600
$53.77
-7.23%
7/16/2013 $29.54 PP = $27.90
MB = $29.30
Most Recent Note - 9/18/2013 12:45:14 PM
G - Rebounding toward its prior high with above average volume behind today's considerable gain. Recently noted - "It is still very extended from any sound base. Recent highs near $42 define initial support to watch on pullbacks."
>>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2013. Click here.

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SSNC - NASDAQ
S S & C Technologies
COMPUTER SOFTWARE and SERVICES - Application Software  
$39.45 +0.48
1.23%

$39.94

944,856
260.51% of 50 DAV
50 DAV is 362,700
$39.69
-0.60%
9/5/2013 $36.01 PP = $38.90
MB = $40.85
Most Recent Note - 9/17/2013 3:22:08 PM
Y - Today's 4th consecutive gain has it rallying above its pivot point cited based on its 8/02/13 high plus 10 cents. Gains above the pivot point should have a minimum of +40% above average volume to trigger a proper technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/5/2013. Click here.

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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
SSYS - NASDAQ
Stratasys Ltd
COMPUTER HARDWARE - Computer Peripherals  
$97.71 +0.89
0.92%

$98.50

1,366,265
128.94% of 50 DAV
50 DAV is 1,059,600
$113.49
-13.90%
7/8/2013 $91.44 PP = $95.00
MB = $99.75
Most Recent Note - 9/17/2013 3:34:35 PM
Y - Rebounding near its 50 DMA line after completing a new Public Offering on 9/13/13 perched near all-time highs.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/10/2013. Click here.

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STMP - NASDAQ
Stamps.Com Inc
INTERNET - Internet Software and Services  
$45.07 +0.64
1.44%

$45.55

111,986
86.54% of 50 DAV
50 DAV is 129,400
$46.47
-3.01%
7/31/2013 $40.00 PP = $42.98
MB = $45.13
Most Recent Note - 9/17/2013 3:39:21 PM
Y - Poised for a best-ever close with today's small gain on light volume. Recently found encouraging support at its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/23/2013. Click here.

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TBBK - NASDAQ
Bancorp Inc
BANKING - Regional - Mid-Atlantic Banks  
$17.78 -0.16
-0.89%

$18.01

137,561
81.74% of 50 DAV
50 DAV is 168,300
$18.38
-3.26%
9/4/2013 $16.26 PP = $16.79
MB = $17.63
Most Recent Note - 9/12/2013 1:03:15 PM
G - Perched at its 52-week high today following a streak of 10 consecutive gains, extended from its prior base. Prior highs define important near-term support to watch near $16 on pullbacks. Rallied +12% higher since highlighted on 9/04/13 under the headline, "Forming Sound Set-Up While "M" Correction Remains Overriding Concern".
>>> The latest Featured Stock Update with an annotated graph appeared on 9/4/2013. Click here.

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TNGO - NASDAQ
Tangoe Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software  
$23.52 -0.09
-0.38%

$23.70

479,120
94.04% of 50 DAV
50 DAV is 509,500
$23.72
-0.84%
9/12/2013 $21.30 PP = $23.15
MB = $24.31
Most Recent Note - 9/17/2013 6:43:01 PM
Y - Today's gain lacked sufficient volume conviction while wedging above its pivot point cited based on its May 2012 high plus 10 cents. See the latest FSU analysis for more details and a new annotated daily graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/17/2013. Click here.

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VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$102.83 +0.06
0.06%

$103.52

1,074,528
90.83% of 50 DAV
50 DAV is 1,183,000
$105.40
-2.44%
9/11/2013 $100.26 PP = $105.50
MB = $110.78
Most Recent Note - 9/17/2013 3:23:58 PM
Y- Wedging higher with gains lacking great volume conviction while rising toward the pivot point cited based on its 8/14/13 high plus 10 cents. Recent insider buying while trading near its highs has been noted as an encouraging sign.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/11/2013. Click here.

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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
YNDX - NASDAQ
Yandex N V Class A
INTERNET - Internet Information Providers  
$36.22 +1.03
2.93%

$36.45

1,644,863
65.07% of 50 DAV
50 DAV is 2,527,900
$35.88
0.95%
9/5/2013 $34.24 PP = $34.79
MB = $36.53
Most Recent Note - 9/18/2013 7:38:09 PM
Y - Hit new 52-week and all-time highs today with lighter than average volume while approaching its "max buy" level. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/18/2013. Click here.

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