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AFTER MARKET UPDATE - MONDAY, SEPTEMBER 24TH, 2012
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Indices NYSE Nasdaq
DOW  -20.55 13,558.92 -0.15% Volume 625,656,820 -65% Volume 1,660,204,060 -27%
NASDAQ -19.18 3,160.78 -0.60% Advancers 1,214 39% Advancers 1,112 43%
S&P 500 -3.26 1,456.89 -0.22% Decliners 1,800 58% Decliners 1,371 53%
Russell 2000 -3.75 851.76 -0.44% 52 Wk Highs 172   52 Wk Highs 124  
S&P 600 -1.64 475.94 -0.34% 52 Wk Lows 8   52 Wk Lows 17  

Major Averages Ended Lower on Lighter Volume

The major averages ended in negative territory on Monday. The volume totals were reported lighter on the NYSE and on the Nasdaq exchange versus the prior session totals inflated by options expirations. Decliners led advancers by about a 3-2 ratio on the NYSE and by a narrower margin on the Nasdaq exchange. The total number of new 52-week highs still outnumbered new 52-week lows on the NYSE on the Nasdaq exchange. There were 47 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 prior session total of 106 stocks. There were gains for 7 of the 22 high-ranked companies currently included on the Featured Stocks Page.

 

The market failed to make headway while concerns lingered over Europe after German and French leaders failed to agree when to start joint oversight of the region's banks. Treasuries advanced with the 10-year note up 11/32 to yield 1.71%.

Technology was the worst performing sector, led by declines in Facebook Inc (FB -9.06%) following a cautious Barron's cover story over the weekend. Questcor Pharmaceuticals, Inc. (QCOR -36.67%) fell abruptly on news the company's marketing practices are being investigated by the U.S. government.

The M criteria is still favorable as the major indices have maintained their previously confirmed rally with a healthy level of leadership (stocks hitting new 52-week highs).

Watch for an announcement soon via email concerning new monthly webcasts and a new "Market's Leading Groups" archives tab soon to be added on the Premium Member Homepage. These changes are aimed at satisfying member requests and improving the service.  We are sorry for the delay while working out the final programming necessary and we appreciate you patience.  If you have questions, comments or suggestions please let us know via the inquiry form here.  The most recent WEBCAST (Q2 2012) is available "ON DEMAND" - CLICK HERE

PICTURED: The Nasdaq Composite Index is consolidating after rallying to new 2012 highs. It finished Monday's session +21.3% year-to-date.


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 Pulls Back After Recent Sprint

The Gold & Silver Index ($XAU -3.14%) was a standout decliner on Monday. Financial shares were mixed as the Broker/Dealer Index ($XBD -0.69%) fell while the Bank Index ($BKX +0.40%) posted a small gain. The tech sector saw unanimous losses from the Semiconductor Index ($SOX -1.56%), Biotechnology Index ($BTK -1.32%), Networking Index ($NWX -0.94%), and the Internet Index ($IIX -0.41%). The Retail Index ($RLX -0.36%) suffered a small loss, and weakness in energy related shares dragged the Oil Services Index ($OSX -1.35%) and the Integrated Oil Index ($XOI -0.34%) into the red. The Healthcare Index ($HMO -0.01%) finished flat.

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU -3.14%) pulled back today after rallying +38.4% from its July low.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  230.95 -3.15 -1.35% +6.78%
Healthcare $HMO  2,423.60 -0.13 -0.01% +6.22%
Integrated Oil $XOI  1,276.97 -4.34 -0.34% +3.90%
Semiconductor $SOX  389.00 -6.16 -1.56% +6.74%
Networking $NWX  214.49 -2.04 -0.94% -0.31%
Internet $IIX  322.61 -1.34 -0.41% +14.51%
Broker/Dealer $XBD  84.69 -0.59 -0.69% +1.71%
Retail $RLX  658.18 -2.37 -0.36% +25.80%
Gold & Silver $XAU  189.07 -6.13 -3.14% +4.67%
Bank $BKX  50.42 +0.20 +0.40% +28.03%
Biotech $BTK  1,578.82 -21.12 -1.32% +44.66%


Consolidating Following Recent Technical Breakout

Netsuite Inc (N -$0.63 or -1.02% to $61.28) is consolidating -3.1% off its 52-week high at the close today. The rally above its pivot point with +85% above average volume on 9/12/12 triggered a new (or add-on) technical buy signal. Prior highs in the $59 area define initial support above its 50-day moving average (DMA) line. It was last shown in this FSU section on 8/20/12 with an annotated graph under the headline, "New Pivot Point Cited After Tight Weekly Closes Near All-Time Highs ". 

It reported earnings above the +25% guideline (C criteria) in the 4 latest quarterly comparisons through Jun '12. Its annual earnings (A criteria) history improved from losses prior to FY '09. The number of top-rated funds owning its shares rose from 201 in Jun '11 to 278 in Jun '12, a reassuring sign concerning the I criteria. The Computer Software -Enterprise group has a Group Relative Strength Rating of A, reassuring sign concerning the L criteria.

Disciplined investors always limit losses by selling if any stock falls more than -7% from their purchase price. If a stock strengthens after it is sold it can always be bought back, but following strict selling rules is what keeps an investor from letting small losses become large losses. In a bullish market environment, leading stocks often flash numerous buy signals from multiple-bases.


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
ALXN - NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$112.92 -1.29
-1.13%

$114.70

749,970
63.05% of 50 DAV
50 DAV is 1,189,400
$114.96
-1.77%
8/23/2012 $103.70 PP = $110.06
MB = $115.56
Most Recent Note - 9/18/2012 5:45:29 PM
Y - Volume totals have been below average for the past 4 sessions while wedging into new 52-week high territory. Gains above a stock's pivot point backed by a minimum of +40% above average volume are necessary to trigger a proper technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/23/2012. Click here.

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ASPS - NASDAQ
Altisource Ptf Sltns Sa
REAL ESTATE - Property Management/Developmen  
$87.24 -1.99
-2.23%

$89.16

101,540
80.59% of 50 DAV
50 DAV is 126,000
$92.29
-5.47%
9/24/2012 $87.24 PP = $92.39
MB = $97.01
Most Recent Note - 9/24/2012 4:23:58 PM
Y - Color code is changed to yellow with new pivot point cited based on its 8/20/12 high plus 10 cents. Volume-driven gains above its pivot point may trigger a new (or add-on) technical buy signal. Recent lows define near-term support along with its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/11/2012. Click here.

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CFNL - NASDAQ
Cardinal Financial Corp
BANKING - Regional - Southeast Banks  
$14.58 +0.03
0.17%

$14.79

146,021
226.74% of 50 DAV
50 DAV is 64,400
$14.65
-0.51%
8/17/2012 $12.84 PP = $13.31
MB = $13.98
Most Recent Note - 9/24/2012 11:59:32 AM
G - Touched another new 52-week high today, adding to its spurt of volume-driven gains and getting more extended from its prior base. Prior highs and its 50 DMA line define support to watch on pullbacks near the $13 level.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/21/2012. Click here.

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CMCSA - NASDAQ
Comcast Corp Cl A
MEDIA - CATV Systems  
$36.43 +0.21
0.57%

$36.54

10,231,715
80.82% of 50 DAV
50 DAV is 12,660,200
$36.54
-0.29%
6/11/2012 $29.94 PP = $30.98
MB = $32.53
Most Recent Note - 9/21/2012 6:04:19 PM
G - Today's 3rd consecutive gain with above average volume for a new 52-week high helped it rise from an orderly flat base. No new pivot point was cited because of fundamental concerns raised by sub par sales and earnings growth in the Jun '12 quarter. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/21/2012. Click here.

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DVA - NYSE
Davita Inc
HEALTH SERVICES - Specialized Health Services  
$100.37 -1.13
-1.11%

$102.07

705,003
100.00% of 50 DAV
50 DAV is 705,000
$103.97
-3.46%
9/5/2012 $102.92 PP = $100.62
MB = $105.65
Most Recent Note - 9/21/2012 4:09:41 PM
Y - Considerable gain today and new high close above its pivot point was backed by more than 3 times average volume confirming a technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/5/2012. 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
ECPG - NASDAQ
Encore Capital Group Inc
FINANCIAL SERVICES - Credit Services  
$29.18 -0.66
-2.21%

$29.83

93,670
73.07% of 50 DAV
50 DAV is 128,200
$30.91
-5.60%
8/3/2012 $29.91 PP = $30.45
MB = $31.97
Most Recent Note - 9/24/2012 4:25:31 PM
Y - Slumping back into the prior base and near its 50 DMA line raising concerns. Disciplined investors always limit losses if ever a stock falls more than -7% from their purchase price.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/12/2012. Click here.

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EXPE - NASDAQ
Expedia Inc
INTERNET - Internet Information Providers  
$58.56 -0.81
-1.36%

$59.00

3,196,080
95.79% of 50 DAV
50 DAV is 3,336,500
$60.29
-2.87%
4/27/2012 $41.80 PP = $35.57
MB = $37.35
Most Recent Note - 9/21/2012 4:04:25 PM
G - Gapped up today and hit a new 52-week high with a volume-driven gain. No overhead supply remains to hinder its progress,however weak industry group action and iffy fundamentals were noted in the latest FSU as causes for concern.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/19/2012. Click here.

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GPX - NYSE
G P Strategies Corp
DIVERSIFIED SERVICES - Education and Training Services  
$19.38 -0.15
-0.77%

$19.71

42,613
59.10% of 50 DAV
50 DAV is 72,100
$20.67
-6.24%
6/29/2012 $18.01 PP = $18.15
MB = $19.06
Most Recent Note - 9/20/2012 5:54:45 PM
G - Still consolidating in a very tight trading range perched -4.8% off its 52-week high today with volume totals cooling. It may be forming a base-on-base pattern, meanwhile its prior highs and its 50 DMA line define chart support in the $18 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2012. Click here.

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KH - NYSE
China Kanghui Hldgs Ads
HEALTH SERVICES - Medical Appliances and Equipment  
$24.97 -0.37
-1.46%

$25.47

125,646
434.76% of 50 DAV
50 DAV is 28,900
$27.47
-9.10%
8/30/2012 $24.19 PP = $22.90
MB = $24.05
Most Recent Note - 9/24/2012 12:23:07 PM
G - Enduring distributional pressure while consolidating above prior highs defining chart support above its 50 DMA line. It is extended from its prior base.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2012. Click here.

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LKQ - NASDAQ
L K Q Corp
WHOLESALE - Auto Parts  
$19.00 +0.13
0.69%

$19.08

1,245,269
93.33% of 50 DAV
50 DAV is 1,334,200
$20.02
-5.07%
8/9/2012 $37.93 PP = $37.44
MB = $39.31
Most Recent Note - 9/19/2012 8:59:35 AM
Y - Do not be confused by a 2:1 share split effective before the market open today (Featured Price, Pivot Point and Max Buy will be adjusted soon to account for the split). Loss on the prior session with more than twice average volume indicated distributional pressure as it sank near prior highs and its 50 DMA line previously noted as important chart support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/17/2012. 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
LNKD - NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers  
$122.70 -0.14
-0.11%

$123.94

1,220,604
49.50% of 50 DAV
50 DAV is 2,465,700
$125.50
-2.23%
9/5/2012 $113.25 PP = $113.10
MB = $118.76
Most Recent Note - 9/21/2012 4:12:00 PM
G - Hovering near its 52-week and all-time highs after today's 4th consecutive small gain on below average volume. Prior highs near $113 define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/6/2012. Click here.

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MIDD - NASDAQ
Middleby Corp
MANUFACTURING - Diversified Machinery  
$117.20 +0.46
0.39%

$118.92

65,737
63.88% of 50 DAV
50 DAV is 102,900
$122.57
-4.38%
8/9/2012 $118.60 PP = $104.92
MB = $110.17
Most Recent Note - 9/18/2012 5:25:56 PM
G - Perched -3.3% off its 52-week high today. Extended from its prior base, and its 50 DMA line and recent lows define near-term chart support to watch. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/18/2012. Click here.

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N - NYSE
Netsuite Inc
DIVERSIFIED SERVICES - Business/Management Services  
$61.28 -0.63
-1.02%

$61.68

355,839
56.40% of 50 DAV
50 DAV is 630,900
$63.25
-3.11%
8/20/2012 $55.88 PP = $59.32
MB = $62.29
Most Recent Note - 9/24/2012 5:30:19 PM
Y - Pulled back today on light volume, finishing -3.1% off its 52-week high. Prior highs near $59 define initial support above its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/24/2012. Click here.

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NSM - NYSE
Nationstar Mtg Hldgs Inc
FINANCIAL SERVICES - Credit Services  
$32.17 +0.37
1.16%

$32.64

1,040,170
116.98% of 50 DAV
50 DAV is 889,200
$32.00
0.53%
8/29/2012 $27.96 PP = $28.85
MB = $30.29
Most Recent Note - 9/20/2012 5:50:01 PM
G - Rallied to a new 52-week high above its "max buy" level today and its color code is changed to green. Its prior gain with nearly 4 times average volume triggered a technical buy signal. Disciplined investors avoid chasing stocks more than +5% above their pivot point.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/7/2012. Click here.

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OSIS - NASDAQ
O S I Systems Inc
ELECTRONICS - Semiconductor Equipment and Mate  
$76.45 -1.10
-1.42%

$77.41

167,940
140.77% of 50 DAV
50 DAV is 119,300
$78.58
-2.71%
9/5/2012 $74.39 PP = $75.10
MB = $78.86
Most Recent Note - 9/24/2012 4:27:10 PM
Y - Loss today with above average volume broke a streak of 5 consecutive gains. Prior rally above its pivot point clinched a new (or add-on) technical buy signal, yet it has not risen beyond its "max buy" level. Near term support is at its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/14/2012. 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
RNF - NYSE
Rentech Nitrogen Ptnr Lp
CHEMICALS - Agricultural Chemicals  
$39.46 +0.23
0.59%

$40.00

539,082
124.10% of 50 DAV
50 DAV is 434,400
$39.24
0.56%
7/27/2012 $29.58 PP = $30.60
MB = $32.13
Most Recent Note - 9/24/2012 4:27:38 PM
G - Hit another new 52-week high today with above average volume behind its gain, getting more extended from its prior base. An upward trendline defines near-term chart support that comes into play above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/31/2012. Click here.

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SWI - NYSE
Solarwinds Inc
COMPUTER SOFTWARE and SERVICES - Application Software  
$59.02 -0.73
-1.22%

$60.38

426,923
39.62% of 50 DAV
50 DAV is 1,077,500
$60.95
-3.17%
7/25/2012 $47.82 PP = $47.89
MB = $50.28
Most Recent Note - 9/19/2012 6:21:05 PM
G - Volume totals have been cooling while still holding its ground near its all-time high. Its 50 DMA line defines important chart support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/29/2012. Click here.

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TDG - NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services  
$143.37 -1.14
-0.79%

$144.95

223,108
60.73% of 50 DAV
50 DAV is 367,400
$146.72
-2.28%
8/16/2012 $132.23 PP = $136.44
MB = $143.26
Most Recent Note - 9/21/2012 6:06:15 PM
G - Color code is changed to green again after rallying back above its "max buy" level. Its 50 DMA line defines support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/20/2012. Click here.

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ULTA - NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other  
$98.44 +0.52
0.53%

$98.86

525,692
66.24% of 50 DAV
50 DAV is 793,600
$103.52
-4.91%
9/4/2012 $93.17 PP = $98.52
MB = $103.45
Most Recent Note - 9/18/2012 5:29:17 PM
Y - Small gap down and loss today on light volume led to a close below its pivot point, raising concerns. Disciplined investors always limit losses if ever any stock falls -7% or more from their purchase price.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/4/2012. Click here.

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ULTI - NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services  
$98.40 -0.60
-0.61%

$99.23

105,741
66.21% of 50 DAV
50 DAV is 159,700
$106.40
-7.52%
8/27/2012 $98.36 PP = $99.19
MB = $104.15
Most Recent Note - 9/21/2012 4:19:29 PM
Y - Today marked is 4th consecutive small loss while consolidating near its all-time high. Prior chart highs define initial support to watch above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/27/2012. 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
VSI - NYSE
Vitamin Shoppe Inc
SPECIALTY RETAIL - Specialty Retail, Other  
$58.43 -0.86
-1.45%

$60.06

228,080
62.49% of 50 DAV
50 DAV is 365,000
$61.83
-5.49%
6/29/2012 $54.93 PP = $55.03
MB = $57.78
Most Recent Note - 9/21/2012 4:21:01 PM
G - Today marked its 4th consecutive small gain. It has not formed a sound new base. Prior lows near $52 define important chart support below its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/10/2012. Click here.

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WPI - NYSE
Watson Pharmaceuticals
DRUGS - Drugs - Generic  
$83.34 -0.56
-0.67%

$83.87

948,101
82.97% of 50 DAV
50 DAV is 1,142,700
$84.59
-1.48%
8/24/2012 $82.90 PP = $81.10
MB = $85.16
Most Recent Note - 9/18/2012 5:42:38 PM
Y - Posted a gain today with below average volume. Still holding its ground in a tight range near its 52-week high since triggering a technical buy signal on 8/24/12 when highlighted in the mid-day report with a gap up gain backed by above average volume. Prior highs in the $81 area define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/28/2012. Click here.

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