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AFTER MARKET UPDATE - WEDNESDAY, NOVEMBER 10TH, 2010
Previous After Market Report Next After Market Report >>>
Indices NYSE Nasdaq
DOW  +10.29 11,357.04 +0.09% Volume 1,120,651,434 +1% Volume 1,998,933,920 -7%
NASDAQ +15.80 2,578.78 +0.62% Advancers 1,879 60% Advancers 1,798 65%
S&P 500 +5.31 1,218.71 +0.44% Decliners 1,159 37% Decliners 876 31%
Russell 2000 +8.89 734.87 +1.22% 52 Wk Highs 117   52 Wk Highs 124  
S&P 600 +4.66 391.09 +1.21% 52 Wk Lows 16   52 Wk Lows 27  

Leadership Wanes While Indices Hint That Market Has Resilience

The broad market had a positive bias at the close after a choppy session while volume totals were reported slightly higher than Tuesday's totals on the NYSE and slightly lower on the Nasdaq exchange. The Dow rebounded from an early decline of 91 points and closed up, meanwhile tech stocks helped boost the Nasdaq back to a gain after early losses. Advancers led decliners by about a 2-to-1 ratio on the Nasdaq exchange and by a 3-to-2 ratio on the NYSE. There were 58 high-ranked companies from the CANSLIM.net Leaders List making new 52-week highs and appearing on the CANSLIM.net BreakOuts Page, down from the total of 83 issues on the prior session. New 52-week highs are still easily outnumbering new 52-week lows on both exchanges on a daily bases. However, leadership has waned significantly since November 4th, when new highs totals were almost 3 to 5 times higher on the Nasdaq and NYSE, respectively.

 

The US dollar gave up some ground at mid session as European debt concerns appeared to wane. Ireland’s central bank governor predicted the country will return to bond markets next year. Economic reports were a modest positive for the markets. Initial jobless claims declined last week to the lowest level since July. October import prices increased less than forecast, and U.S. exports rose to a two-year high in September. A Treasury auction of 30-year bonds drew weaker-than-expected demand. Crude oil rose to a two-year high after a report showed an unexpected decrease in inventories.

Several high-ranked stocks currently listed on the Featured Stocks Page have been whipsawed in the course of the past few sessions. After its heaviest volume and biggest point loss on the prior session, Silver Wheaton Corp (SLW +7.64%) recovered most of the prior session's loss as the high-ranked leader from the Mining - Gold/Silver/Gems group traded up considerably with nearly 3 times average volume. It could produce more climactic gains, however wider than usual intra-day price swings in a stock are considered to be a sign of uncertainty that raises concerns, especially when the stock is extended from a sound base pattern. Such wild volatility with increased volume is common near earnings news, however very choppy action calls for extra discipline to be sure to limit losses or lock in gains. Remember that a stock that is sold can always be bought back later if strength returns and its characteristics remain strong with respect to all investment criteria.

Strong closes after weak starts are a characteristic of a healthy market. However, investors must continue to closely monitor the action in leading stocks and in the major averages as an indication for how the M criteria is impacting most stocks.  If high-ranked leaders begin breaking down in the weeks ahead, there needs to be a healthy crop of high-ranked leaders showing up and replacing them in order for the rally to be sustainable.

PICTURED: The Dow Jones Industrial Average is consolidating above its April highs and recent highs.  It recovered despite weakness in a key component, Boeing Co (BA -3.1%), after the plane maker halted test flights of its Dreamliner.


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.


Financial Groups Remain Far From April 2010 Highs

The Retail Index ($RLX +0.84%) and most tech indexes traded up including the Internet Index ($IIX +0.99%), Networking Index ($NWX +1.00%), and Biotechnology Index ($BTK +1.07%) while the Semiconductor Index ($SOX +0.01%) finished flat. The Gold & Silver Index ($XAU +2.44%) rallied again, and strength in energy-related shares gave the Integrated Oil Index ($XOI +1.43%) and Oil Services Index ($OSX +1.62%) a boost. The Healthcare Index ($HMO +0.99%) rounded out a widely positive session. Gains from the financial groups provided important underpinnings for the major averages as the Bank Index ($BKX +1.88%) and Broker/Dealer Index ($XBD +1.28%) rose on Wednesday, however they are still well below their April 2010 highs, as we will study more closely below. Note that in both instances, their longer-term average lines (red) currently remain above their short-term average lines (blue), inverted from what is normally considered to be a healthy chart characteristic.

Charts courtesy www.stockcharts.com

PICTURED 1: The Bank Index ($BKX +1.88%) and is between its 50-day moving average (DMA) line and its 200 DMA line and -17.8% off its April 2010 high.  Financial shares are frequently noted as important leading indicators, so improvement would bode well for the broader market, but subsequent deterioration could hurt the current rally's outlook.

Charts courtesy www.stockcharts.com

PICTURED 2: The Broker/Dealer Index ($XBD +1.28%) is above its 50 and 200 DMA lines yet still -8% off its April 2010 high.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  227.97 +3.64 +1.62% +16.96%
Healthcare $HMO  1,684.80 +16.45 +0.99% +14.38%
Integrated Oil $XOI  1,134.26 +16.04 +1.43% +6.18%
Semiconductor $SOX  387.34 +0.02 +0.01% +7.62%
Networking $NWX  275.89 +2.74 +1.00% +19.40%
Internet $IIX  312.68 +3.05 +0.99% +33.70%
Broker/Dealer $XBD  114.77 +1.45 +1.28% -0.24%
Retail $RLX  485.43 +4.04 +0.84% +18.08%
Gold & Silver $XAU  219.60 +5.23 +2.44% +30.52%
Bank $BKX  48.33 +0.89 +1.88% +13.16%
Biotech $BTK  1,168.64 +12.41 +1.07% +24.04%


Waning Relative Strength Versus Other Group Leaders

Newmont Mining Corporation's (NEM +$1.80 or +2.97% to $62.31) ended less than -5% from its all-time high today. While there is not much overhead supply to hinder its progress, confirming gains with above average volume to new highs would be a reassuring sign worth watching for in the days ahead. Concern has risen while it has failed to keep pace with the strongest market leaders. Its Relative Strength rank has slumped to a mediocre 66, below the 80+ guideline normally expected of strong buy candidates under the fact-based system.

One more drawback is that management has little ownership interest, meanwhile its is also already heavily owned by institutional investors.  The investment system guidelines call for investors to look for stocks being discovered and accumulated by an increasing number of institutional investors (the I criteria).  Its Accumulation/Distribution rating has slumped to a D+, another data point suggesting that it has not been under heavy accumulation recently. The C and A criteria are satisfied as the company has demonstrated solid quarterly sales revenues and earnings increases (above the +25% minimum guideline) in recent comparisons and it has a good annual earnings history. Leadership in the Mining - Gold/Silver/Gems group (L criteria) is encouraging, however other high-ranked leaders from the group currently listed on the Featured Stocks page have been clearly outpacing Newmont.


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
ABV - NYSE
Comp De Bebidas Adr
FOOD and BEVERAGE - Beverages - Brewers  
$138.64 -0.95
-0.68%

$140.16

667,279
103.09% of 50 DAV
50 DAV is 647,300
$145.36
-4.62%
11/4/2010 $142.35 PP = $143.63
MB = $150.81
Most Recent Note - 11/9/2010 5:28:51 PM
Y - Down today with above average volume. Its recent low ($133.38 on 10/27/10) defines initial chart support above its 50 DMA line ($127). Color code was changed to yellow after an advanced "3-weeks tight" type pattern, with new pivot point based on its 10/25/10 high plus ten cents. Disciplined investors may consider a powerful technical breakout and close above its pivot point with heavy volume to be a new (or add-on) buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/11/2010. Click here.

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ARUN - NASDAQ
Aruba Networks Inc
COMPUTER HARDWARE - Networking andamp; Communication Dev  
$23.62 +0.92
4.05%

$23.62

1,620,299
65.46% of 50 DAV
50 DAV is 2,475,200
$23.85
-0.96%
8/30/2010 $18.12 PP = $18.51
MB = $19.44
Most Recent Note - 11/10/2010 4:48:34 PM
G - Closed at the session high today with a gain on below average volume for a new high close. ARUN stubbornly held its ground after recent volume driven gains, however it has not formed a sound new base pattern. Earnings news is due on Wednesday, November 17, 2010 for its latest quarter ended October 31, 2010.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/26/2010. Click here.

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BIDU - NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers  
$111.69 +2.50
2.29%

$111.76

8,854,937
76.78% of 50 DAV
50 DAV is 11,532,500
$113.78
-1.84%
9/17/2010 $85.73 PP = $88.42
MB = $92.84
Most Recent Note - 11/10/2010 5:56:52 PM
G - Volume totals have been cooling while hovering near all-time highs, stubbornly holding its ground. It may produce more climactic gains but it is extended from a sound base pattern now and a riskier "late stage" candidate at that. BIDU is up 11-fold from when it was first featured in yellow on October 30, 2006 (read here). Following a deep correction and Bear Market, it has been a fixture on the Featured Stocks page and rallied +212% in the 14 months since returning to prominence September 8, 2009 (read here).
>>> The latest Featured Stock Update with an annotated graph appeared on 10/7/2010. Click here.

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CACC - NASDAQ
Credit Acceptance Corp
FINANCIAL SERVICES - Credit Services  
$60.00 -0.01
-0.02%

$60.28

46,846
176.78% of 50 DAV
50 DAV is 26,500
$63.45
-5.44%
11/3/2010 $59.86 PP = $63.55
MB = $66.73
Most Recent Note - 11/10/2010 6:07:48 PM
Y - Small gain today with above average volume, finding support above its 50 DMA line. Perched -5% off its 52-week high, any subsequent breakout above its pivot point on heavy volume could trigger a new (or add-on) buy signal, meanwhile its $55.07 low (on 10/04/10) defines the nearest chart support level to watch above its long ago chart highs ($53.97).
>>> The latest Featured Stock Update with an annotated graph appeared on 10/29/2010. Click here.

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CMG - NYSE
Chipotle Mexican Grill
LEISURE - Restaurants  
$236.55 +9.21
4.05%

$236.55

1,153,413
145.19% of 50 DAV
50 DAV is 794,400
$232.33
1.82%
9/1/2010 $158.31 PP = $155.52
MB = $163.30
Most Recent Note - 11/10/2010 4:52:37 PM
G - Considerable gain today with above average volume for yet another new all-time high. It may produce more climactic gains, however it is very extended from any sound base pattern. Its 50 DMA line (now $185) defines the nearest chart support level.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/28/2010. 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
CTRP - NASDAQ
Ctrip.Com Intl Ltd Adr
LEISURE - Resorts and Casinos  
$46.66 -0.42
-0.89%

$47.02

4,744,669
248.70% of 50 DAV
50 DAV is 1,907,800
$53.16
-12.23%
9/24/2010 $46.75 PP = $47.11
MB = $49.47
Most Recent Note - 11/9/2010 6:07:55 PM
G - A 5th consecutive loss today with above average volume has it testing the previously noted prior highs in the $47 area and its 50 DMA line that define important chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/28/2010. Click here.

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DECK - NASDAQ
Deckers Outdoor Corp
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$61.69 -1.16
-1.85%

$63.12

6,974,802
656.45% of 50 DAV
50 DAV is 1,062,500
$63.55
-2.93%
10/27/2010 $54.16 PP = $54.86
MB = $57.60
Most Recent Note - 11/10/2010 2:47:33 PM
G - Pulling back today after 6 consecutive gains with near average volume for new 52-week highs. It is extended from its latest sound base. Prior highs in the $54-56 area define important chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/27/2010. Click here.

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EBIX - NASDAQ
Ebix Inc
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$24.54 -0.63
-2.50%

$25.20

1,860,327
281.19% of 50 DAV
50 DAV is 661,600
$28.21
-13.01%
9/23/2010 $21.78 PP = $22.74
MB = $23.88
Most Recent Note - 11/10/2010 10:33:34 AM
G - Down with above average volume today after a "negative reversal" for a loss today on more than 4 times average volume following earnings news. Subsequent deterioration below its 50 DMA line and prior chart lows in the $22-23 area would raise more serious concerns, technically. Fundamentally, its quarterly comparisons have shown impressive earnings acceleration. The company was mentioned in a "Ken's Mailbag" article on 11/08/10 (read here).
>>> The latest Featured Stock Update with an annotated graph appeared on 9/24/2010. Click here.

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EZPW - NASDAQ
Ezcorp Inc Cl A
SPECIALTY RETAIL - Specialty Retail, Other  
$25.31 +0.35
1.40%

$25.65

386,284
130.81% of 50 DAV
50 DAV is 295,300
$25.28
0.12%
11/5/2010 $24.02 PP = $23.85
MB = $25.04
Most Recent Note - 11/9/2010 5:58:43 PM
G - Paused at its all-time high near its "max buy" level today after a streak of consecutive gains with above average volume. Technically, it broke out from a 6-month cup shaped base without a proper handle last week.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/6/2010. Click here.

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FFIV - NASDAQ
F 5 Networks Inc
INTERNET - Internet Software and Services  
$122.89 +2.47
2.05%

$124.85

2,202,557
84.95% of 50 DAV
50 DAV is 2,592,900
$125.39
-1.99%
6/16/2010 $74.50 PP = $74.10
MB = $77.81
Most Recent Note - 11/9/2010 5:51:32 PM
G - It is extended from any sound base, holding its ground stubbornly near all-time highs with volume totals cooling. Prior highs in the $112 area define chart initial support.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2010. 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
FOSL - NASDAQ
Fossil Inc
CONSUMER DURABLES - Recreational Goods, Other  
$69.70 +1.85
2.73%

$70.07

1,190,355
154.69% of 50 DAV
50 DAV is 769,500
$69.80
-0.14%
10/20/2010 $54.12 PP = $55.61
MB = $58.39
Most Recent Note - 11/10/2010 12:46:23 PM
G - Up today following a considerable gap up for a new all-time high on the prior session. It is very extended from any sound base, and disciplined investors avoid chasing extended stocks. This high-ranked leader from the Retail/Wholesale Jewelry group reported very strong sales revenues and earnings increases for the quarter ended September 30, 2010 versus the year ago period, and its sales revenues increases have shown impressive acceleration in sequential quarterly comparisons.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/5/2010. Click here.

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HMSY - NASDAQ
H M S Holdings Corp
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service  
$61.60 +0.73
1.20%

$61.76

201,951
94.72% of 50 DAV
50 DAV is 213,200
$62.91
-2.08%
9/27/2010 $57.97 PP = $58.36
MB = $61.28
Most Recent Note - 11/10/2010 6:23:08 PM
Y - Finished just 51 cents off its best ever close with a gain today on near average volume. Its Relative Strength rank has slumped to 76, below the 80+ guideline. Prompt support showed up near its 50 DMA line following its latest earnings report.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/27/2010. Click here.

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HS - NYSE
Healthspring Inc
HEALTH SERVICES - Health Care Plans  
$27.97 +0.40
1.45%

$27.98

386,514
50.76% of 50 DAV
50 DAV is 761,400
$29.80
-6.14%
8/27/2010 $19.91 PP = $19.75
MB = $20.74
Most Recent Note - 11/10/2010 6:25:19 PM
G - Finished -6.1% off its 52-week high and closed at the session high after a positive reversal today. Near its 50 DMA line it recently found prompt support.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/22/2010. Click here.

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IGTE - NASDAQ
Igate Corp
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$22.47 +0.42
1.90%

$22.47

765,422
118.01% of 50 DAV
50 DAV is 648,600
$22.13
1.54%
10/26/2010 $17.29 PP = $19.55
MB = $20.53
Most Recent Note - 11/9/2010 5:54:13 PM
G - Gain today for another new high with above average volume, getting more extended from its latest base. Prior chart highs in the $19 area define initial chart support above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/10/2010. Click here.

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JOBS - NASDAQ
Fifty One Job Inc Ads
DIVERSIFIED SERVICES - Staffing and; Outsourcing Service  
$50.86 +2.66
5.52%

$51.75

614,522
324.11% of 50 DAV
50 DAV is 189,600
$51.00
-0.27%
10/13/2010 $42.07 PP = $40.60
MB = $42.63
Most Recent Note - 11/10/2010 12:56:28 PM
G - Volume and volatility increased near its latest earnings report, yet may be considered a sign of uncertainty. JOBS reported earnings +73% on +26% sales revenues for the quarter ended September 30, 2010 versus the year ago period. It may produce more climactic gains, however disciplined investors avoid chasing extended stocks. Recently noted - "It is extended +100% above its 200 DMA line, prompting some caution. After 6 consecutive monthly gains it is also near its 2004-2005 all-time highs in the $53-55 area. Its small supply of only 27.6 million shares (S criteria) could make for volatile action in the event of institutional buying or selling."
>>> The latest Featured Stock Update with an annotated graph appeared on 9/16/2010. 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
LFT - NYSE
Longtop Financl Tech Ads
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$42.73 +0.74
1.76%

$42.86

446,544
87.70% of 50 DAV
50 DAV is 509,200
$42.59
0.33%
11/5/2010 $41.83 PP = $40.96
MB = $43.01
Most Recent Note - 11/9/2010 6:19:50 PM
Y - Inching higher on light volume this week. Big gains last week including a strong close on 11/05/10 with heavy volume confirmed a technical buy signal. Color code was changed to yellow with its new pivot point cited based on its 10/14/10 high plus 10 cents.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/14/2010. Click here.

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LULU - NASDAQ
Lululemon Athletica
MANUFACTURING - Textile Manufacturing  
$48.38 +0.20
0.42%

$48.85

1,346,121
106.30% of 50 DAV
50 DAV is 1,266,400
$49.75
-2.75%
10/8/2010 $47.66 PP = $46.67
MB = $49.00
Most Recent Note - 11/9/2010 5:33:48 PM
Y - Down today on light volume, consolidating in a healthy fashion just under its "max buy" level, so its color code is changed to yellow again. Considerable gains with above average volume recently provided a confirming signs of institutional accumulation. Recent lows in the $42 area define support to watch now coinciding near its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/8/2010. Click here.

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MWIV - NASDAQ
M W I Veterinary Supply
HEALTH SERVICES - Medical Instruments and; Supplies  
$60.11 +1.67
2.86%

$60.41

64,587
112.33% of 50 DAV
50 DAV is 57,500
$63.94
-5.99%
11/4/2010 $61.79 PP = $59.60
MB = $62.58
Most Recent Note - 11/10/2010 5:25:57 PM
Y - Gain today with near average volume for its second best close ever following a pullback below its pivot point. Healthy stocks rarely slump more than -7% below their pivot points in a bullish market environment. For MWIV to sink that far it would first violate its 50 DMA line ($56.74 now) repeatedly noted as a very important support level.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/2/2010. Click here.

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NEM - NYSE
Newmont Mining Corp
METALS and MINING - Gold  
$62.31 +1.80
2.97%

$62.46

9,281,044
138.67% of 50 DAV
50 DAV is 6,693,000
$65.50
-4.87%
8/31/2010 $61.32 PP = $63.48
MB = $66.65
Most Recent Note - 11/9/2010 5:25:54 PM
G - Gapped up today and then reversed for damaging loss with nearly twice average volume, closing below its 50 DMA line. The distributional action raises concerns, meanwhile its Relative Strength rank has also slumped to 70, below the 80+ guideline. Recent lows in the $57 area define near-term support above its 200 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/10/2010. Click here.

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NEOG - NASDAQ
Neogen Corp
DRUGS - Diagnostic Substances  
$36.90 +1.10
3.07%

$36.90

74,366
71.30% of 50 DAV
50 DAV is 104,300
$36.70
0.54%
9/1/2010 $30.79 PP = $30.49
MB = $32.01
Most Recent Note - 11/10/2010 5:16:29 PM
G - Closed at its session high and all-time high today with a gain on light volume, and its color code is changed to green. Investors had recent opportunity to accumulate shares per the investment system guidelines for a "secondary buy point" noted since 11/02/10.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/13/2010. 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
NFLX - NASDAQ
Netflix Inc
SPECIALTY RETAIL - Music and Video Stores  
$176.87 +6.41
3.76%

$177.26

5,498,417
98.07% of 50 DAV
50 DAV is 5,606,600
$184.74
-4.26%
11/9/2010 $173.10 PP = $184.84
MB = $194.08
Most Recent Note - 11/10/2010 5:08:32 PM
Y - Finished the session near its high and less than $2 off its best ever close with its 4th consecutive gain without great volume conviction. It has formed an advanced "ascending base" type pattern marked by 3 pullbacks in the 10-20% range since its earlier technical breakout (on 8/10/10) from a double bottom base. Color code was changed to yellow with new pivot point cited based on its 52-week high plus ten cents. A subsequent breakout with heavy volume would signal a new (or add-on) technical buy signal, however it is a riskier "late stage" set-up.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/1/2010. Click here.

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NTAP - NASDAQ
Netapp Inc
COMPUTER HARDWARE - Data Storage Devices  
$56.90 +0.27
0.48%

$57.96

6,765,606
94.89% of 50 DAV
50 DAV is 7,130,100
$57.21
-0.54%
9/8/2010 $46.98 PP = $44.99
MB = $47.24
Most Recent Note - 11/9/2010 10:35:39 AM
G - Hitting new highs today while wedging higher for its 8th consecutive gain with light volume, extended from any sound base. Its 50 DMA line defines important chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/3/2010. Click here.

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ORCL - NASDAQ
Oracle Corp
COMPUTER SOFTWARE and SERVICES - Application Software  
$28.69 -0.05
-0.17%

$28.84

27,832,280
67.90% of 50 DAV
50 DAV is 40,991,700
$29.82
-3.79%
9/20/2010 $27.32 PP = $26.73
MB = $28.07
Most Recent Note - 11/9/2010 6:04:59 PM
G - Remains perched less than -4% off its 52-week highs, and volume totals have been cooling in recent weeks. Prior highs and its 50 DMA line define chart support in the $27 area. It was barely changed on recent news it agreed to buy Art Technology Group (ARTG) for $1 billion.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/20/2010. Click here.

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PAY - NYSE
Verifone Systems Inc
COMPUTER HARDWARE - Transaction Automation Systems  
$34.60 +0.07
0.20%

$34.79

719,012
51.87% of 50 DAV
50 DAV is 1,386,300
$35.94
-3.73%
8/25/2010 $24.30 PP = $23.74
MB = $24.93
Most Recent Note - 11/10/2010 6:10:25 PM
G - Posted a small gain today on light volume, and volume totals have recently been cooling while it is still extended from any sound base pattern. A prior high ($31.40) defines initial chart support above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/25/2010. Click here.

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RAX - NYSE
Rackspace Hosting Inc
INTERNET - Internet Software and; Services  
$28.89 +1.83
6.76%

$29.35

4,071,850
159.88% of 50 DAV
50 DAV is 2,546,800
$28.00
3.18%
9/21/2010 $22.84 PP = $23.61
MB = $24.79
Most Recent Note - 11/10/2010 8:18:53 PM
G - This high-ranked Internet - Network Solutions firm spiked to another new all-time high today with above average volume, and it faces no resistance due to overhead supply. Reported earnings +50% on +23% sales revenues for the quarter ended September 30, 2010 versus the year ago period.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/21/2010. 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
ROVI - NASDAQ
Rovi Corp
COMPUTER SOFTWARE andamp; SERVICES - Security Software andamp; Services  
$53.13 +0.40
0.76%

$53.20

545,426
34.11% of 50 DAV
50 DAV is 1,598,800
$53.61
-0.90%
10/29/2010 $49.99 PP = $53.10
MB = $55.76
Most Recent Note - 11/9/2010 11:24:11 AM
Y - Hit a new 52 week high today after a small gap up. A convincing breakout above its pivot point with volume conviction would trigger a new (or add-on) technical buy signal. Meanwhile, support to watch is defined by its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/20/2010. Click here.

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SHOO - NASDAQ
Steven Madden Limited
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$41.74 +0.42
1.02%

$41.80

311,734
89.35% of 50 DAV
50 DAV is 348,900
$44.85
-6.93%
9/15/2010 $38.94 PP = $40.27
MB = $42.28
Most Recent Note - 11/8/2010 5:02:33 PM
G - Recently finding support near its 50 DMA line and prior chart highs in the $40 area. More damaging losses leading to a close below its short-term average would raise concerns and trigger technical sell signals.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/29/2010. Click here.

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SLW - NYSE
Silver Wheaton Corp
METALS and; MINING - Silver  
$34.78 +2.47
7.64%

$34.81

23,105,574
313.09% of 50 DAV
50 DAV is 7,379,800
$37.20
-6.51%
8/25/2010 $21.40 PP = $21.99
MB = $23.09
Most Recent Note - 11/10/2010 2:34:37 PM
G - Rallying back today following a negative reversal for its largest point loss on the heaviest volume on the prior session. It could produce more climactic gains, however it is very extended from any sound base. This high-ranked leader has been recently noted as - "One of the strongest names in the Mining - Gold/Silver/Gems group currently included on the Featured Stocks list."
>>> The latest Featured Stock Update with an annotated graph appeared on 10/18/2010. Click here.

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STRI - NYSE
S T R Holdings Inc
ELECTRONICS - Semiconductor - Specialized  
$24.93 -1.62
-6.10%

$26.59

1,107,585
204.20% of 50 DAV
50 DAV is 542,400
$28.16
-11.47%
11/8/2010 $26.52 PP = $26.43
MB = $27.75
Most Recent Note - 11/10/2010 7:53:46 PM
G - Closed near the session low today with a loss on heavier volume indicative of heavy distributional pressure following its negative reversal from it 52-week high on the prior session. Color code is changed to green as its close under prior chart highs negated its technical breakout, raising concerns.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/8/2010. Click here.

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UA - NYSE
Under Armour Inc Cl A
CONSUMER NON-DURABLES - Textile - Apparel Clothing  
$51.85 +0.59
1.15%

$51.41

514,084
65.68% of 50 DAV
50 DAV is 782,700
$51.99
-0.27%
9/9/2010 $39.99 PP = $40.10
MB = $42.11
Most Recent Note - 11/8/2010 4:47:44 PM
G - Considerable gain today for yet another new high, getting more extended from any sound base. Quarterly and annual earnings track record has some fundamental flaws with respect to the fact-based investment system. See the latest FSU analysis for more important details.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/4/2010. 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
ULTA - NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other  
$33.00 +0.39
1.20%

$32.92

164,470
25.11% of 50 DAV
50 DAV is 655,000
$33.50
-1.49%
9/3/2010 $26.36 PP = $25.89
MB = $27.18
Most Recent Note - 11/8/2010 4:51:09 PM
G - Wedged up to a new 52-week high with a 5th consecutive gain today on light volume. Its 50 DMA line defines support to watch above prior chart highs in the $26 area, meanwhile it is extended from a sound base pattern.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/1/2010. Click here.

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VIT - NYSE
Vanceinfo Tech Inc Ads
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$37.15 +0.56
1.53%

$36.86

806,482
135.27% of 50 DAV
50 DAV is 596,200
$38.43
-3.33%
7/8/2010 $25.20 PP = $26.58
MB = $27.91
Most Recent Note - 11/9/2010 5:18:54 PM
G - Negatively reversed near all-time highs today, finishing with a loss on light volume. It is extended from any sound base pattern. Meanwhile, its 50 DMA line defines important chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/21/2010. Click here.

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