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AFTER MARKET UPDATE - FRIDAY, SEPTEMBER 27TH, 2013
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Indices NYSE Nasdaq
DOW  -70.06 15,258.24 -0.46% Volume 646,752,830 +7% Volume 1,641,590,250 -6%
NASDAQ -5.84 3,781.59 -0.15% Advancers 970 31% Advancers 948 36%
S&P 500 -6.92 1,691.75 -0.41% Decliners 1,999 64% Decliners 1,533 59%
Russell 2000 -4.22 1,074.19 -0.39% 52 Wk Highs 70   52 Wk Highs 99  
S&P 600 -2.54 606.61 -0.42% 52 Wk Lows 29   52 Wk Lows 17  

Indices Fell Friday and Mostly Slumped for the Week

For the week, the Dow Jones Industrial Average posted a -1.3% loss and slumped below its 50-day moving average line. The S&P 500 Index fell -1.1%, and the losses snapped a three-week winning streak for both indices. The Nasdaq Composite Index bucked the broader market weakness as it gained +0.2%. Volume totals on Friday were mixed, higher on the NYSE and lower on the Nasdaq exchange versus the prior session's volume totals. Breadth was negative as decliners led advancers by more than 2-1 on the NYSE and by 3-2 on the Nasdaq exchange. There were 38 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 51 stocks on the prior session. The list of stocks hitting new 52-week highs still outnumbered new lows on the NYSE and on the Nasdaq exchange. There were gains for 11 of the 20 high-ranked companies currently included on the Featured Stocks Page.

 

Washington's debt debate put pressure on the major averages. The Senate approved legislation to keep the government open until mid-November. However, the House is not expected to pass the bill which includes funding for the new federal health care law. If the measure is not agreed to by October 1, the government will partially shut down. On the economic front, data was mixed. Consumer spending rose for the fourth straight month in August and incomes increased the most since February. A separate report was disappointing. The University of Michigan's consumer confidence survey fell to nearly a five-month low, retreating more than expected in September to 77.5 following the prior month's reading of 82.1.

Overall, every sector finished Friday's session in negative territory, led by losses in Materials. International Paper Co (IP -3.91%) and Dow Chemical Co (DOW -2.43%). The Industrials group also paced the decline as Accenture Plc (ACN -2.35%) fell after posting a disappointing earnings outlook.

In fixed-income, Treasuries rose and extended their string of weekly gains to three. The 10-year note was up 7/32 to yield 2.62% and the 30-year bond gained 6/32 to yield 3.68%.

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 is consolidating above prior highs and well above its 50-day moving average (DMA) line.


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.


Tech, Retail, Financial Indexes Led Broad Pullback

The tech sector saw unanimous losses on Friday as the Biotechnology Index ($BTK -1.02%), Networking Index ($NWX -0.88%), Semiconductor Index ($SOX -0.79%), and Internet Index ($IIX -0.59%) fell.  Modest losses from the Broker/Dealer Index ($XBD -0.23%), Bank Index ($BKX -0.18%), and the Retail Index ($RLX -0.14%) also weighed on the major averages.  The Healthcare Index ($HMO -0.23%) also edged lower.The Oil Services Index ($OSX -0.29%) edged lower while the Integrated Oil Index ($XOI -0.04%) and the Gold & Silver Index ($XAU -0.03%) finished flat. 

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD -0.23%) is consolidating above prior highs and well above its 50-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  272.02 -0.79 -0.29% +23.56%
Healthcare $HMO  3,467.17 -7.97 -0.23% +37.90%
Integrated Oil $XOI  1,414.05 -0.58 -0.04% +13.87%
Semiconductor $SOX  490.81 -3.90 -0.79% +27.80%
Networking $NWX  299.05 -2.67 -0.88% +32.00%
Internet $IIX  417.03 -2.49 -0.59% +27.53%
Broker/Dealer $XBD  138.25 -0.32 -0.23% +46.56%
Retail $RLX  850.71 -1.21 -0.14% +30.27%
Gold & Silver $XAU  93.74 -0.03 -0.03% -43.39%
Bank $BKX  62.42 -0.11 -0.18% +21.72%
Biotech $BTK  2,195.15 -22.60 -1.02% +41.89%


Extended From Base After Additional Volume-Driven Gains

Michael Kors Hldgs Ltd (KORS +$0.46 or +0.62% to $75.55)  is extended from its prior base and consolidating near its 52-week high. Its 50-day moving average (DMA) line (now $71.33) defines initial support above prior highs in the $66 area.  It was last shown in this FSU section on 8/29/13 with an annotated graph under the headline, "Finished at Best-Ever Close With Gain on Light Volume".  The heavy volume behind subsequent gains into new high territory was a clear sign of institutional buying demand.

Its Relative Strength rating is currently 83, 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 +79% on +54% sales for the Jun '13 quarter just reported.  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 681 in Jun '13, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 2.0 is an unbiased indication that its shares have been under slight accumulation over the past 50 days.


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  
$25.03 -0.17
-0.67%

$25.52

640,109
71.60% of 50 DAV
50 DAV is 894,000
$26.56
-5.75%
9/13/2013 $23.06 PP = $23.88
MB = $25.07
Most Recent Note - 9/23/2013 12:13:52 PM
G - Retreating from its 52-week high today after getting extended from its prior base with a spurt of volume-driven gains. Prior highs in the $23 area define initial support to watch.
>>> 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  
$16.84 +0.87
5.45%

$16.96

556,431
136.05% of 50 DAV
50 DAV is 409,000
$18.10
-6.96%
9/24/2013 $16.40 PP = $17.31
MB = $18.18
Most Recent Note - 9/27/2013 4:17:19 PM
Y - Rallied today with slightly above average volume for a best-ever close. New pivot point cited based on its 9/09/13 high plus 10 cents after an advanced "3-weeks tight" base. A volume-driven gain above its pivot point may trigger a new (or add-on) technical buy signal. Its 50 DMA line defines important support.
>>> 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  
$154.61 +4.72
3.15%

$154.99

4,193,800
166.55% of 50 DAV
50 DAV is 2,518,100
$151.95
1.75%
9/12/2013 $149.50 PP = $150.02
MB = $157.52
Most Recent Note - 9/27/2013 4:22:42 PM
Y - Hit a new 52-week high today and finished strong with +53% above average volume while rising above its previously cited pivot point confirming a technical buy signal. Its 50 DMA line ($142.62 now) defines near-term support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/20/2013. Click here.

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EGBN - NASDAQ
Eagle Bancorp Inc
BANKING - Regional - Mid-Atlantic Banks  
$27.90 +0.04
0.14%

$28.45

55,327
74.16% of 50 DAV
50 DAV is 74,600
$28.43
-1.86%
9/16/2013 $27.48 PP = $27.77
MB = $29.16
Most Recent Note - 9/24/2013 12:22:51 PM
Y - Hitting a new 52-week high with above average volume behind today's 3rd consecutive gain while rallying above the pivot point based on its 7/25/13 high plus 10 cents. A strong finish may help to clinch a convincing technical buy signal.
>>> 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  
$111.17 +1.07
0.97%

$111.99

731,267
115.36% of 50 DAV
50 DAV is 633,900
$112.50
-1.18%
8/19/2013 $99.01 PP = $100.97
MB = $106.02
Most Recent Note - 9/25/2013 12:30:23 PM
G - Hovering in a tight range near all-time highs after completing a Secondary Offering on 9/11/13. Its 50 DMA line and recent lows near $100 define important near term support to watch on pullbacks. FLT has traded up as much as +58% 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  
$43.02 -0.62
-1.42%

$44.14

541,830
67.82% of 50 DAV
50 DAV is 798,900
$44.30
-2.89%
9/12/2013 $41.40 PP = $43.27
MB = $45.43
Most Recent Note - 9/23/2013 6:17:19 PM
Y - Pulled back today with lighter but above average volume. Closed at a new high after rallying above its pivot point on Friday with +47% above average volume triggering a new technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/23/2013. Click here.

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KORS - NYSE
Michael Kors Hldgs Ltd
RETAIL - Apparel Stores  
$74.45 +0.46
0.62%

$75.55

2,555,968
71.02% of 50 DAV
50 DAV is 3,599,100
$78.62
-5.31%
8/6/2013 $69.66 PP = $66.28
MB = $69.59
Most Recent Note - 9/27/2013 5:21:05 PM
G - Extended from its prior base and consolidating near its 52-week high. Its 50 DMA line (now $71.33) defines support above prior highs in the $66 area. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/27/2013. Click here.

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LOPE - NASDAQ
Grand Canyon Education
DIVERSIFIED SERVICES - Education and; Training Services  
$40.45 +0.54
1.35%

$40.80

485,277
124.05% of 50 DAV
50 DAV is 391,200
$40.13
0.80%
6/19/2013 $31.47 PP = $34.17
MB = $35.88
Most Recent Note - 9/25/2013 5:51:11 PM
G - Holding its ground near its all-time high while enduring mild distributional pressure. 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  
$25.38 -0.11
-0.43%

$25.69

25,100
70.70% of 50 DAV
50 DAV is 35,500
$26.96
-5.86%
9/9/2013 $23.75 PP = $24.03
MB = $25.23
Most Recent Note - 9/25/2013 5:52:09 PM
G - Hit another new 52-week high today. Stubbornly holding its ground and wedging higher with gains lacking great volume conviction since recently paying a $2.00 per share Special Dividend (latest Pivot Point, Max Buy and Featured Price were adjusted to accordingly).
>>> 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  
$1,014.97 +3.36
0.33%

$1,019.95

446,174
74.03% of 50 DAV
50 DAV is 602,700
$1,014.22
0.07%
9/13/2013 $966.82 PP = $995.08
MB = $1,044.83
Most Recent Note - 9/26/2013 5:50:42 PM
Y - Still wedging above its new pivot point cited based on its 8/09/13 high plus 10 cents with gains lacking great volume conviction. Volume-driven gains are necessary to clinch a proper new (or add-on) technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/19/2013. 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  
$59.59 -1.64
-2.68%

$60.84

331,324
65.70% of 50 DAV
50 DAV is 504,300
$61.60
-3.26%
7/31/2013 $51.43 PP = $54.72
MB = $57.46
Most Recent Note - 9/27/2013 4:12:31 PM
G - Small gap down today on light volume, pulling back from new 52-week highs after 4 consecutive gains on light volume, wedging higher and getting more extended from its prior base. See the latest FSU analysis for more details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/26/2013. Click here.

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PRLB - NYSE
Proto Labs Inc
MANUFACTURING - Small Tools and Accessories  
$76.32 -0.72
-0.93%

$77.86

244,284
60.48% of 50 DAV
50 DAV is 403,900
$80.66
-5.38%
7/29/2013 $64.86 PP = $67.50
MB = $70.88
Most Recent Note - 9/26/2013 5:54:00 PM
G - Encountering mild distributional pressure and pulling back from a new 52-week high hit this week. Support to watch is at its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/25/2013. Click here.

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SFUN - NYSE
Soufun Hldgs Ltd Ads A
INTERNET - Internet Information Providers  
$49.48 +0.19
0.39%

$49.69

702,765
70.45% of 50 DAV
50 DAV is 997,600
$53.77
-7.98%
7/16/2013 $29.54 PP = $27.90
MB = $29.30
Most Recent Note - 9/25/2013 12:46:37 PM
G - Perched near its 52-week high., holding its ground stubbornly. This high-ranked Internet - Content firm may go on to produce more climactic gains, but it is very extended from any sound base. Recent highs near $42 define initial support to watch above its 50 DMA line.
>>> 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  
$38.50 -0.05
-0.13%

$38.69

234,591
54.73% of 50 DAV
50 DAV is 428,600
$39.94
-3.61%
9/5/2013 $36.01 PP = $38.90
MB = $40.85
Most Recent Note - 9/27/2013 5:23:22 PM
Y - Volume totals have been cooling while holding its ground in a tight range near its 52-week high and near the pivot point cited based on its 8/02/13 high plus 10 cents. Completed a Secondary Offering on 9/20/13 while perched at all-time highs.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/5/2013. Click here.

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SSYS - NASDAQ
Stratasys Ltd
COMPUTER HARDWARE - Computer Peripherals  
$101.47 -2.47
-2.38%

$104.22

763,122
70.62% of 50 DAV
50 DAV is 1,080,600
$113.49
-10.59%
7/8/2013 $91.44 PP = $95.00
MB = $99.75
Most Recent Note - 9/27/2013 4:14:20 PM
G - Pulled back today on light volume, consolidating above its 50 DMA line. Completed a new Public Offering on 9/13/13. It has not formed a sound base.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/10/2013. 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
STMP - NASDAQ
Stamps.Com Inc
INTERNET - Internet Software and Services  
$45.52 +0.24
0.53%

$45.92

39,332
31.72% of 50 DAV
50 DAV is 124,000
$46.47
-2.04%
9/24/2013 $45.54 PP = $46.57
MB = $48.90
Most Recent Note - 9/24/2013 6:07:40 PM
Y - Finished at a best-ever close with today's gain on light volume. A new pivot point was cited based on its 8/01/13 high plus 10 cents. Recently found encouraging support at its 50 DMA line. Volume-driven gains to new highs may trigger a new (or add-on) technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/24/2013. Click here.

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TBBK - NASDAQ
Bancorp Inc
BANKING - Regional - Mid-Atlantic Banks  
$17.85 +0.13
0.73%

$17.94

134,090
73.68% of 50 DAV
50 DAV is 182,000
$18.61
-4.08%
9/4/2013 $16.26 PP = $16.79
MB = $17.63
Most Recent Note - 9/25/2013 5:49:36 PM
G - Encountered distributional pressure today with a loss on higher volume. Prior highs and its 50 DMA line define important support to watch on pullbacks.
>>> 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  
$23.93 -0.27
-1.12%

$24.29

367,578
69.07% of 50 DAV
50 DAV is 532,200
$24.60
-2.71%
9/12/2013 $21.30 PP = $23.15
MB = $24.31
Most Recent Note - 9/25/2013 5:55:12 PM
Y - Finished near the session high today with a solid gain backed by only +19% above average volume. Convincing volume-driven gains above its pivot point cited based on its May 2012 high plus 10 cents may signal the beginning of a substantial leg higher.
>>> 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  
$104.72 +1.43
1.38%

$104.79

601,178
52.09% of 50 DAV
50 DAV is 1,154,200
$106.98
-2.11%
9/11/2013 $100.26 PP = $105.50
MB = $110.78
Most Recent Note - 9/24/2013 5:36:05 PM
Y- Today's gain was backed by +67% above average volume, however it remains below the pivot point. Gains above the pivot point with volume at least +40% above average are needed to trigger a proper technical buy signal. 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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YNDX - NASDAQ
Yandex N V Class A
INTERNET - Internet Information Providers  
$36.80 -0.56
-1.50%

$37.33

1,768,942
73.05% of 50 DAV
50 DAV is 2,421,700
$38.10
-3.41%
9/5/2013 $34.24 PP = $34.79
MB = $36.53
Most Recent Note - 9/25/2013 12:56:07 PM
G - Perched near its 52-week high and stubbornly holding its ground. Extended from a sound base after volume-driven gains lifted it above its "max buy" level. Prior highs in the $34 area and its 50 DMA line define support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/18/2013. 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

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