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AFTER MARKET UPDATE - TUESDAY, NOVEMBER 16TH, 2010
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Indices NYSE Nasdaq
DOW  -178.47 11,023.50 -1.59% Volume 1,354,447,810 +54% Volume 2,253,969,057 +21%
NASDAQ -43.98 2,469.84 -1.75% Advancers 405 13% Advancers 548 20%
S&P 500 -19.41 1,178.34 -1.62% Decliners 2,642 85% Decliners 2,103 76%
Russell 2000 -14.63 705.31 -2.03% 52 Wk Highs 23   52 Wk Highs 33  
S&P 600 -7.36 375.91 -1.92% 52 Wk Lows 149   52 Wk Lows 67  

Waning Leadership And Heavier Distributional Pressure Hurting Outlook

The Dow Jones Industrial Average finished down 178 points on Tuesday as decliners outnumbered advancers by a 6-to-1 ratio on the NYSE and by a 4-to-1 ratio on the Nasdaq exchange. Volume totals were reported higher than Monday's totals on the Nasdaq exchange and on the NYSE indicating that distributional pressure is clearly becoming a problem for the latest rally. New 52-week lows outnumbered new 52-week highs for the first time since August 31, 2010.  Meanwhile, there were only 8 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 24 issues on the prior session. Leadership has waned significantly since November 4th, when were 188 stocks appearing on the CANSLIM.net BreakOuts Page and significantly more new highs showing up on the Nasdaq and NYSE.

 

Economic reports did not help sentiment. October industrial production was unchanged, missing forecasts for a small gain. October producer prices declined -0.6% after stripping out food and energy. It was the biggest drop in the core wholesale index since 2006. There were losses in 28 of its 30 components as the Dow Jones Industrial Average dipped below 11,000 for the first time in a month amid increasing inflation concerns in Asia, and facing the possibility of a bailout of Irish banks. South Korea raised interest rates to curb inflation, and speculation spread that China would follow suit. The US dollar gained against major foreign currencies in a "flight to safety" move. The price of gold tumbled $30 per ounce, and oil saw its entire November gain wiped out.  The market action was especially negative for energy and mining stocks.

Of the high-ranked stocks currently listed on the Featured Stocks Page, Baidu Inc Ads (BIDU -4.78%) endured mild distributional pressure today, slumping toward its 50-day moving average (DMA) line. It may produce more climactic gains, however it is extended from a sound base pattern now and a riskier "late stage" candidate. 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).

Keep your focus on the action in the major averages and high-ranked leaders to know that your investment portfolio is in proper step with the market direction (M criteria). 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 tech-heavy Nasdaq Composite index suffered a 4th consecutive loss marked by mostly above average volume, a sign the rally is under distributional pressure.


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.


Commodity-Linked, Financial, and Tech Groups Lead Decliners

Commodity-linked groups led decliners on Tuesday as the Gold & Silver Index ($XAU -2.87%), Integrated Oil Index ($XOI -2.46%), and Oil Services Index ($OSX -1.20%) slumped. The Healthcare Index ($HMO -1.41%) sank as defensive groups provided no reward for "safe haven" investors. Financial shares had a negative influence on the major averages as the Bank Index ($BKX -2.01%) and Broker/Dealer Index ($XBD -1.64%) sank.  The tech sector was mostly weak as the Internet Index ($IIX -1.86%), Semiconductor Index ($SOX -1.45%), Networking Index ($NWX -1.36%) suffered greater than 1% losses and the Biotechnology Index ($BTK -0.60%) and Retail Index ($RLX -0.59%) also edged lower.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX -2.01%) met resistance at its 200-day moving average (DMA) line recently. Its close below its 50 DMA line today does not bode well for the overall market outlook due to the importance of the group as a leading indicator. Prior lows are important support levels to watch. Subsequent technical damage would not bode well and would raise a warning flag prompting investors to lock in profits and limit losses while reducing market exposure. It may be considered critical to see this influential financial group maintain its trend of higher highs and higher lows since its late-August bottom.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  218.18 -2.64 -1.20% +11.93%
Healthcare $HMO  1,628.27 -23.34 -1.41% +10.55%
Integrated Oil $XOI  1,097.71 -27.68 -2.46% +2.76%
Semiconductor $SOX  374.07 -5.50 -1.45% +3.93%
Networking $NWX  261.28 -3.60 -1.36% +13.08%
Internet $IIX  293.23 -5.56 -1.86% +25.39%
Broker/Dealer $XBD  111.67 -1.87 -1.64% -2.94%
Retail $RLX  470.53 -2.77 -0.59% +14.45%
Gold & Silver $XAU  206.73 -6.11 -2.87% +22.87%
Bank $BKX  46.56 -0.82 -1.73% +9.01%
Biotech $BTK  1,152.98 -13.80 -1.18% +22.38%


Distributional Pressure After Great Progress During Latest Rally

Fifty One Job Inc Ads (JOBS -$1.84 or -3.92% to $45.06) suffered another loss after a small gap down today followed a distribution day. It has violated the previously noted initial support defined buy an upward trendline connecting its July-November lows, raising concerns. Its 50-day moving average (DMA) line is the next important support level to watch. Currently, the broader market (M criteria) environment is also flashing warning signs helping to alert investors that it could be a smart time to lock in profits, since 3 out of 4 stocks may struggle if the the major averages continue downward in the final part of what has been a tumultuous year.  Since Fifty One Job Inc's last appearance in this FSU section on 9/16/10 under the headline "Strong Close With Gain Backed By Four Times Average" the company had made great progress. It rallied as much as +63.8% higher from where it was noted in yellow in the 9/16/10 mid-day report rising from a short flat base to a new 52-week high and within a penny of its 2006 high.

The 4 latest quarterly comparisons show good sales growth and earnings improvement better than the +25% guideline, but its annual earnings history (A criteria) has been below strict guidelines of the fact-based investment system because of the downturn in its FY '08 earnings (see red oval).  Its small supply (S criteria) of only 27.6 million shares outstanding could contribute to greater volatility in the event of institutional buying or selling. Disciplined investors always limit losses if a stock ever falls more than 7-8% from their buy price. Regular readers may note that prior mid-day report appearances for JOBS this year included cautionary remarks concerning its fundamentals, however it stronger sales growth in recent comparisons was a very reassuring sign.


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  
$134.71 -4.41
-3.17%

$138.05

670,645
102.28% of 50 DAV
50 DAV is 655,700
$145.36
-7.33%
11/4/2010 $142.35 PP = $143.63
MB = $150.81
Most Recent Note - 11/16/2010 4:30:06 PM
G - Loss today with average volume has it slumping near a recent low ($133.38 on 10/27/10) that defines support above its 50 DMA line. Color code is changed to green based upon its latest weakness, yet it remains only -7.3% off its all time high.
>>> 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  
$21.35 -0.24
-1.11%

$21.49

3,651,367
152.75% of 50 DAV
50 DAV is 2,390,400
$23.85
-10.48%
8/30/2010 $18.12 PP = $18.51
MB = $19.44
Most Recent Note - 11/15/2010 4:23:12 PM
G - Closed near the session low today with a considerable loss with slightly above average volume indicative of distributional pressure. Its 50 DMA line defines important near-term support to watch. 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  
$103.60 -5.20
-4.78%

$109.17

16,535,057
139.08% of 50 DAV
50 DAV is 11,889,200
$115.04
-9.94%
9/17/2010 $85.73 PP = $88.42
MB = $92.84
Most Recent Note - 11/16/2010 3:47:13 PM
G - Enduring mild distributional pressure today, slumping toward its 50 DMA line. It may produce more climactic gains, however it is extended from a sound base pattern now and a riskier "late stage" candidate. 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  
$55.39 -2.00
-3.48%

$57.22

57,203
227.00% of 50 DAV
50 DAV is 25,200
$63.45
-12.70%
11/3/2010 $59.86 PP = $63.55
MB = $66.73
Most Recent Note - 11/16/2010 10:54:30 AM
G - Violated the previously noted chart low ($55.07 on 10/04/10), raising concerns with today's early loss marking its 8th consecutive decline. Long ago chart high ($53.97) are the next likely support level above its 200 DMA line.
>>> 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  
$225.09 -5.28
-2.29%

$232.95

936,042
116.13% of 50 DAV
50 DAV is 806,000
$240.78
-6.52%
9/1/2010 $158.31 PP = $155.52
MB = $163.30
Most Recent Note - 11/15/2010 4:43:30 PM
G - Consolidating near all-time highs, stubbornly holding its ground after recent volume-driven gains. It may produce more climactic gains, however it is very extended from any sound base pattern. Its 50 DMA line (now $187) 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  
$45.38 -0.93
-2.01%

$47.09

2,755,149
140.09% of 50 DAV
50 DAV is 1,966,700
$53.16
-14.64%
9/24/2010 $46.75 PP = $47.11
MB = $49.47
Most Recent Note - 11/16/2010 4:24:30 PM
G - Slumped further below its 50 DMA line today. The loss with above average volume raised greater concerns as it closed below its old high close ($45.80 from 6/21/10) completely negating its prior breakout and all gains since its breakout shown in the last FSU section analysis.
>>> 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  
$59.97 -0.95
-1.56%

$60.72

1,152,812
96.44% of 50 DAV
50 DAV is 1,195,400
$63.55
-5.63%
10/27/2010 $54.16 PP = $54.86
MB = $57.60
Most Recent Note - 11/16/2010 10:57:04 AM
G - Extended from its latest sound base, it is now consolidating above prior highs defining important chart support to watch above its 50 DMA line.
>>> 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  
$20.80 -0.75
-3.48%

$21.35

1,040,074
134.45% of 50 DAV
50 DAV is 773,600
$28.21
-26.27%
9/23/2010 $21.78 PP = $22.74
MB = $23.88
Most Recent Note - 11/16/2010 3:51:09 PM
G - Down for a 6th consecutive loss today. Based on technical weakness it will be dropped from the Featured Stocks list tonight. While prior resistance in the $20 area may act as support, only a powerful rebound above its 50 DMA line would help its outlook.
>>> 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  
$25.02 -0.17
-0.67%

$25.04

512,008
170.27% of 50 DAV
50 DAV is 300,700
$25.65
-2.46%
11/5/2010 $24.02 PP = $23.85
MB = $25.04
Most Recent Note - 11/16/2010 4:38:51 PM
G - Hovering near its all-time high while enduring mild distributional pressure, it closed near the session high today, yet its loss was backed by above average volume.
>>> 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  
$115.95 -3.60
-3.01%

$120.30

2,635,729
98.83% of 50 DAV
50 DAV is 2,667,000
$127.95
-9.38%
6/16/2010 $74.50 PP = $74.10
MB = $77.81
Most Recent Note - 11/16/2010 4:26:15 PM
G - Pulling back from all-time highs, it is extended from any sound base pattern. Prior highs in the $112 area define initial chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/15/2010. 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  
$65.86 -2.13
-3.13%

$67.60

1,066,804
138.76% of 50 DAV
50 DAV is 768,800
$70.07
-6.01%
10/20/2010 $54.12 PP = $55.61
MB = $58.39
Most Recent Note - 11/16/2010 11:00:58 AM
G - Extended from any sound base, it is consolidating in a tight range for the past week with volume totals cooling. An upward trendline connecting its July-October lows defines support to watch above its 50 DMA line.
>>> 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  
$60.46 -0.63
-1.03%

$61.08

225,702
105.12% of 50 DAV
50 DAV is 214,700
$62.91
-3.89%
9/27/2010 $57.97 PP = $58.36
MB = $61.28
Most Recent Note - 11/15/2010 1:22:18 PM
Y - Perched less than -3% off its 52-week high with no resistance remaining due to overhead supply. Prompt support showed up near its 50 DMA line while trading was volatile near its latest earnings report. Any subsequent violation of its 50 DMA could raise greater concerns.
>>> 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  
$27.28 +0.07
0.26%

$27.37

611,745
84.37% of 50 DAV
50 DAV is 725,100
$29.80
-8.46%
8/27/2010 $19.91 PP = $19.75
MB = $20.74
Most Recent Note - 11/15/2010 4:33:24 PM
G - Finished near the session low today -8.7% off its 52-week high, and volume totals have recently been cooling while consolidating above its 50 DMA line which acted as 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  
$22.10 -0.55
-2.44%

$22.78

780,165
111.90% of 50 DAV
50 DAV is 697,200
$22.90
-3.49%
10/26/2010 $17.29 PP = $19.55
MB = $20.53
Most Recent Note - 11/15/2010 4:37:00 PM
G - A small gain on below average volume today ended 5 cents off its best ever close. Extended from its latest base, its 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 11/11/2010. Click here.

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JOBS - NASDAQ
Fifty One Job Inc Ads
DIVERSIFIED SERVICES - Staffing and; Outsourcing Service  
$45.06 -1.84
-3.92%

$45.99

243,262
113.09% of 50 DAV
50 DAV is 215,100
$51.75
-12.93%
10/13/2010 $42.07 PP = $40.60
MB = $42.63
Most Recent Note - 11/16/2010 11:04:40 AM
G - Small gap down today followed another distribution day, and it has violated the previously noted initial support defined buy an upward trendline connecting its September-November lows. Its 50 DMA line is the next important support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/16/2010. 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  
$39.44 -0.05
-0.13%

$39.74

571,945
111.04% of 50 DAV
50 DAV is 515,100
$42.86
-7.98%
11/5/2010 $41.83 PP = $40.96
MB = $43.01
Most Recent Note - 11/15/2010 10:06:26 AM
G - Violated prior highs in the $40-41 area and slumped quickly below its 50 DMA line today, raising concerns. Color code is changed to green, and only a prompt rebound above the $40 would help its outlook.
>>> 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  
$47.08 +0.38
0.81%

$47.34

1,023,433
86.17% of 50 DAV
50 DAV is 1,187,700
$49.75
-5.37%
10/8/2010 $47.66 PP = $46.67
MB = $49.00
Most Recent Note - 11/16/2010 4:14:49 PM
Y - Finished higher after a gap down today, making a bullish "positive reversal" on the session. Its 50 DMA line is an initial support level above recent lows in the $42 area.
>>> 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  
$57.45 -1.43
-2.43%

$58.37

48,797
86.98% of 50 DAV
50 DAV is 56,100
$63.94
-10.15%
11/4/2010 $61.79 PP = $59.60
MB = $62.58
Most Recent Note - 11/16/2010 4:44:01 PM
Y - Small gap down today, testing its 50 DMA line which has been 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  
$59.39 -1.27
-2.09%

$60.90

10,419,171
151.94% of 50 DAV
50 DAV is 6,857,200
$65.50
-9.33%
8/31/2010 $61.32 PP = $63.48
MB = $66.65
Most Recent Note - 11/16/2010 4:03:20 PM
G - Slumping toward recent lows and its 200 DMA line, its loss today on above average volume leaves it -10% off its 52-week high. Distributional action has raised concerns, meanwhile its Relative Strength rank has also slumped to a mediocre 60, well below the 80+ guideline. Recent lows in the $57 area define near-term support above its 200 DMA line. Based on weak action it will be dropped from the Featured Stocks list tonight.
>>> 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  
$35.08 -1.04
-2.88%

$36.31

59,226
68.47% of 50 DAV
50 DAV is 86,500
$36.90
-4.93%
9/1/2010 $30.79 PP = $30.49
MB = $32.01
Most Recent Note - 11/16/2010 3:54:20 PM
G - Recently stalled after quietly claiming a new all-time high. Its 50 DMA line recently has been a reliable support level, while any subsequent violation could raise concerns and trigger sell signals.
>>> 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  
$165.40 -2.90
-1.72%

$169.23

3,909,194
69.74% of 50 DAV
50 DAV is 5,605,300
$184.74
-10.47%
11/9/2010 $173.10 PP = $184.84
MB = $194.08
Most Recent Note - 11/15/2010 4:29:22 PM
Y - Consolidating near all-time highs, stubbornly holding its ground. 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  
$52.69 -1.24
-2.30%

$54.77

9,603,302
134.34% of 50 DAV
50 DAV is 7,148,300
$57.96
-9.09%
9/8/2010 $46.98 PP = $44.99
MB = $47.24
Most Recent Note - 11/16/2010 4:05:41 PM
G - Down on slightly above average volume today for a 4th consecutive loss. Its 50 DMA line ($50.93 now) and prior highs define 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  
$27.58 -0.82
-2.89%

$28.10

31,179,498
75.57% of 50 DAV
50 DAV is 41,258,100
$29.82
-7.51%
9/20/2010 $27.32 PP = $26.73
MB = $28.07
Most Recent Note - 11/16/2010 3:59:46 PM
Y - Loss today after a small gap down has it trading below its 50 DMA line, raising some concerns even while the volume total is below average. More damaging losses would raise greater concerns.
>>> 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  
$31.84 -0.80
-2.45%

$32.50

673,785
52.32% of 50 DAV
50 DAV is 1,287,700
$35.94
-11.41%
8/25/2010 $24.30 PP = $23.74
MB = $24.93
Most Recent Note - 11/16/2010 3:56:37 PM
G - Slumping near prior highs ($31.40) and its 50 DMA line with volume totals still below average while consolidating. It has the look of an advanced "ascending base" pattern after an impressive rally from its 7/26/10 breakout.
>>> 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  
$26.65 -0.40
-1.48%

$27.37

1,549,803
57.35% of 50 DAV
50 DAV is 2,702,400
$29.35
-9.20%
9/21/2010 $22.84 PP = $23.61
MB = $24.79
Most Recent Note - 11/15/2010 9:54:06 AM
G - Gapped down today, slumping toward prior highs near $26 that define initial chart support above its 50 DMA line. This high-ranked Internet - Network Solutions firm is -8% from last week's all-time highs.
>>> 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  
$52.02 -0.49
-0.93%

$52.46

1,574,344
99.62% of 50 DAV
50 DAV is 1,580,400
$53.61
-2.97%
10/29/2010 $49.99 PP = $53.10
MB = $55.76
Most Recent Note - 11/15/2010 4:39:33 PM
Y - Holding its ground stubbornly, today it closed 62 cents off its best close of 2010. Volume totals have recently been drying up, a sign that only a few small investors are exiting. Disciplined investors will watch for subsequent gains above its pivot point with volume conviction that would trigger a new (or add-on) technical buy signal, and always limit losses if a stock falls more than -7% from the purchase price, per the system guidelines. Initial support to watch is defined by its 50 DMA line, then its prior chart low, where violations would trigger technical sell signals.
>>> 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  
$41.29 -0.10
-0.24%

$41.57

263,602
76.25% of 50 DAV
50 DAV is 345,700
$44.85
-7.94%
9/15/2010 $38.94 PP = $40.27
MB = $42.28
Most Recent Note - 11/15/2010 4:48:43 PM
G - Still finding support just above 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  
$31.69 -1.30
-3.94%

$31.90

18,597,909
214.28% of 50 DAV
50 DAV is 8,679,400
$37.20
-14.81%
8/25/2010 $21.40 PP = $21.99
MB = $23.09
Most Recent Note - 11/16/2010 10:24:48 AM
G - Gapped down today. Recently noted - "Very extended from any sound base, it has been sputtering since its worrisome negative reversal on 11/09/10. Its 50 DMA line and prior highs in the $28 area define the nearest chart support."
>>> The latest Featured Stock Update with an annotated graph appeared on 10/18/2010. Click here.

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UA - NYSE
Under Armour Inc Cl A
CONSUMER NON-DURABLES - Textile - Apparel Clothing  
$50.00 +0.29
0.58%

$51.39

723,179
93.80% of 50 DAV
50 DAV is 771,000
$52.30
-4.40%
9/9/2010 $39.99 PP = $40.10
MB = $42.11
Most Recent Note - 11/16/2010 4:34:02 PM
G - Extended from any sound base and support at its 50 DMA line, it posted a gain today and bucked a mostly negative market. It has not encountered any distributional pressure and could produce more climactic gains. Some fundamental flaws with respect to the fact-based investment system have been recently noted as concerns.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/4/2010. Click here.

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ULTA - NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other  
$31.57 -0.23
-0.72%

$31.72

367,983
66.87% of 50 DAV
50 DAV is 550,300
$33.50
-5.76%
9/3/2010 $26.36 PP = $25.89
MB = $27.18
Most Recent Note - 11/15/2010 4:50:38 PM
G - Volume totals have been continually drying up since its big gain on 10/12/10. It is within close striking distance of its 52-week highs and its all-time high of $35.63 in Nov '07. Its 50 DMA line defines initial support to watch above prior chart highs in the $26 area. It could produce more climactic gains, however it is currently extended from any sound base.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/1/2010. 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
VIT - NYSE
Vanceinfo Tech Inc Ads
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$34.42 -0.72
-2.05%

$34.77

425,430
70.04% of 50 DAV
50 DAV is 607,400
$38.43
-10.43%
7/8/2010 $25.20 PP = $26.58
MB = $27.91
Most Recent Note - 11/16/2010 4:11:16 PM
G - After mild distributional pressure it is consolidating near its 50 DMA line that defines important chart support to watch. It is not near any sound base.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/21/2010. Click here.

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