FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Friday, December 12th, 2014

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AFTER MARKET UPDATE - FRIDAY, DECEMBER 12TH, 2014

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Indices				NYSE			Nasdaq
DOW	-315.51	17,280.83	-1.79%	Volume	940,268,110	+17%	Volume	1,766,474,220	+3%
NASDAQ	-54.56	4,653.60	-1.16%	Advancers	649	20%	Advancers	820	27%
S&P 500	-33.00	2,002.33	-1.62%	Decliners	2,499	78%	Decliners	2,122	70%
Russell 2000	-14.51	1,152.45	-1.24%	52 Wk Highs	55		52 Wk Highs	55
S&P 600	-8.59	664.20	-1.28%	52 Wk Lows	365		52 Wk Lows	179

Major Averages Faced Greater Distributional Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
With Friday's losses, the Dow ended the week down -3.8%. The S&P 500 dropped -3.5% and the NASDAQ Composite declined -2.7%. The volume was reported higher on the NYSE and on the Nasdaq exchange, a sign of distributional pressure from the institutional crowd. Breadth was negative as decliners led advancers by almost a 4-1 margin on the NYSE and 11-4 on the Nasdaq exchange. There were 15 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 40 stocks. The new 52-week lows totals swelled again an outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. There were only 2 gainers among the 12 high-ranked companies currently on the Featured Stocks Page. Recent weakness was noted as the uptrend came under pressure, and Friday's action gave it the look of a more serious "correction". The market (M criteria) rally was noted in this daily Market Commentary since 10/21/14. Disciplined investors should be especially watchful for technical sell signals in individual issues until fresh strength appears in the broader market.

PICTURED: The Dow Jones Industrial Average retreated 315 points to 17,280, undercutting prior highs and finishing near the session low, testing support at its 50-day moving average (DMA) line.

Stocks fell sharply on Friday's session. The S&P 500 lost 33 points to close at 2,002. The NASDAQ slumped 55 points to finish at 4,653.

The major averages ended the week firmly in negative territory as oil extended its slide after the IEA cut its demand forecast for next year. Global growth concerns also provided a market headwind after China's industrial production data came in below projections. On the U.S. economic front, wholesale prices fell 0.2% in November due to a decline in energy cost. The University of Michigan's preliminary December confidence reading showed consumer sentiment improved more than anticipated.

Energy and materials paced the market’s decline today. Exxon (XOM -2.9%) as WTI crude fell to its lowest level since May 2009. Chemical maker Lyondell (LYB -6.2%). Retailers were a bright spot on the session with Walgreen's (WAG +2%) gaining. Adobe (ADBE +9.1%) was the best performing stock in the S&P 500, rallying following its positive earnings release Thursday night.

Treasuries advanced with the benchmark 10-year note gaining 22/32 to yield 2.08%. WTI crude dropped -3.9% to $57.63/barrel on the NYMEX. Gold slipped -0.3% to $1,222.00/ounce on the COMEX.

Disciplined investors know that new buying efforts may be made under the fact-based investment system only in stocks meeting all key criteria. The Featured Stocks Page shows the most action-worthy candidates and their latest notes and a Headline Link directs members to the latest detailed analysis with data-packed graphs annotated by a Certified expert along with links to additional resources. The Premium Member Homepage includes "dynamic archives" to all prior pay reports published.

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, Tech, and Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financial shares were weak as the Broker/Dealer Index ($XBD -2.61%) and Bank Index ($BKX -1.86%) both lost ground on Friday. Energy-related shares sank as the Oil Services Index ($OSX -1.98%) and the Integrated Oil Index ($XOI -1.92%) both fell. The Gold & Silver Index ($XAU -1.83%) also ended lower. The tech sector saw unanimous losses from the Semiconductor Index ($SOX -1.73%), Biotechnology Index ($BTK -1.32%), and the The Retail Index ($RLX -0.30%) held its ground better than most groups but also finished with a small loss on the widely negative session.

Charts courtesy www.stockcharts.com

PICTURED: The Networking Index ($NWX -1.09%) is consolidating after rebounding near its 2014.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	195.26	-3.94	-1.98%	-30.52%
Integrated Oil	$XOI	1,241.74	-24.31	-1.92%	-17.39%
Semiconductor	$SOX	671.33	-11.82	-1.73%	+25.48%
Networking	$NWX	341.71	-3.75	-1.09%	+5.48%
Broker/Dealer	$XBD	177.41	-4.76	-2.61%	+10.49%
Retail	$RLX	993.23	-3.00	-0.30%	+5.69%
Gold & Silver	$XAU	68.68	-1.28	-1.83%	-18.38%
Bank	$BKX	71.78	-1.36	-1.86%	+3.64%
Biotech	$BTK	3,420.65	-45.82	-1.32%	+46.78%

Consolidating After Rally on Acquisition Plans
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Actavis plc (ACT -$4.00 or -1.52% to $259.00) has been consolidating after spiking to new 52-week highs with volume-driven gains following news it plans to acquire Allergan (AGN) for $66 Billion. It did not form a sound base recently, and it is extended from prior highs in the $249 area defining near-term support. It was last shown in this FSU section on 11/24/14 with annotated graphs under the headline, "Perched at Highs Following Spike on Acquisition Plans".

ACT was first highlighted in yellow in the 6/20/14 mid-day report (read here) with a pivot point based on its 2/26/14 high plus 10 cents. The Medical - Generic Drugs industry group currently has a 98 Group Relative Strength Rating. Leadership from other issues in the group is also a reassuring sign concerning the L criteria. It reported earnings +53% on +83% sales revenues for the Sep '14 quarter, and its strong record satisfies the C criteria. Its annual earnings (A criteria) history has also been strong. The number of top-rated funds owning its shares has been on the rise, up from 1,219 in Sep '13 to 1,783 in Sep '14, a reassuring sign concerning the I criteria.

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
ACT - NYSE Actavis plc Medical-Generic Drugs	$259.00	-4.00 -1.52%	$262.39	2,822,284 88.81% of 50 DAV 50 DAV is 3,178,000	$272.75 -5.04%	6/20/2014	$216.53	PP = $230.87
								MB = $242.41
Most Recent Note - 12/12/2014 6:10:43 PM G - Consolidating near its 52-week high following volume-driven gains on news it plans to acquire Allergan (AGN) for $66 Billion. Extended from prior highs in the $249 area defining near-term support. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Consolidating After Rally on Acquisition Plans - 12/12/2014 View all notes \| Set NEW NOTE alert \| CANSLIM.net Company Profile \| SEC News \| Chart \| Request a new note C A N S L I M
AFSI - NASDAQ Amtrust Financial Svcs INSURANCE - Property and; Casualty Insurance	$56.87	-0.58 -1.01%	$57.84	657,545 61.28% of 50 DAV 50 DAV is 1,073,000	$58.59 -2.93%	10/17/2014	$45.24	PP = $46.02
								MB = $48.32
Most Recent Note - 12/10/2014 6:50:39 PM G - Hit a new 52-week high with a 4th consecutive gain, rising from a brief consolidation, not a sound base. Its 50 DMA line defines important near-term support. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Extended From Sound Base Pattern Identified Earlier - 12/10/2014 View all notes \| Set NEW NOTE alert \| CANSLIM.net Company Profile \| SEC News \| Chart \| Request a new note C A N S L I M
ALXN - NASDAQ Alexion Pharmaceuticals DRUGS - Drug Manufacturers - Other	$186.90	-4.72 -2.46%	$191.96	1,041,028 92.62% of 50 DAV 50 DAV is 1,124,000	$203.30 -8.07%	10/23/2014	$184.01	PP = $185.53
								MB = $194.81
Most Recent Note - 12/12/2014 6:17:05 PM G - Ended near the session low testing its 50 DMA with a loss today on average volume. Recent lows near $185 help define support to watch, and a violation of its 50 DMA line would raise concerns and trigger a technical sell signal. >>> FEATURED STOCK ARTICLE : Quietly Consolidating Near All-Time High - 11/28/2014 View all notes \| Set NEW NOTE alert \| CANSLIM.net Company Profile \| SEC News \| Chart \| Request a new note C A N S L I M
BIDU - NASDAQ Baidu Inc Ads INTERNET - Internet Information Providers	$229.32	+0.09 0.04%	$233.69	2,550,015 69.28% of 50 DAV 50 DAV is 3,681,000	$251.99 -9.00%	10/30/2014	$234.08	PP = $231.51
								MB = $243.09
Most Recent Note - 12/10/2014 6:25:25 PM G - Quietly slumped below its 50 DMA line raising concerns and its color code is changed to green. Additional damaging losses would trigger more worrisome technical sell signals. >>> FEATURED STOCK ARTICLE : Consolidating Near Prior Highs and Above 50-Day Average - 12/3/2014 View all notes \| Set NEW NOTE alert \| CANSLIM.net Company Profile \| SEC News \| Chart \| Request a new note C A N S L I M
EPAM - NYSE Epam Systems Inc COMPUTER SOFTWARE and SERVICES - Information Technology Service	$50.90	-0.33 -0.64%	$51.60	246,880 57.95% of 50 DAV 50 DAV is 426,000	$52.89 -3.76%	10/23/2014	$45.21	PP = $46.09
								MB = $48.39
Most Recent Note - 12/11/2014 6:05:02 PM G - Finished near the middle of its intra-day range after gapping up and touching a new 52-week high, and today's gain was backed by below average volume. Its 50 DMA line ($46.89) defines important near-term support to watch. >>> FEATURED STOCK ARTICLE : Quiet Gain For New High Close - 11/26/2014 View all notes \| Set NEW NOTE alert \| CANSLIM.net Company Profile \| SEC News \| Chart \| Request a new note C A N S L I M
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
FB - NASDAQ Facebook Inc Cl A INTERNET	$77.83	+0.10 0.13%	$78.88	28,056,851 80.61% of 50 DAV 50 DAV is 34,806,000	$81.16 -4.10%	9/9/2014	$76.67	PP = $76.84
								MB = $80.68
Most Recent Note - 12/10/2014 6:20:51 PM Y - Reversed an early gain today and pulled back on higher (but below average) volume, ending near the session lows and 50 DMA line ($75.80). Prior lows in the $72 area define the next chart support level above its 200 DMA line. >>> FEATURED STOCK ARTICLE : Gains Above 50-Day Moving Average Needed for Outlook to Improve - 12/4/2014 View all notes \| Set NEW NOTE alert \| CANSLIM.net Company Profile \| SEC News \| Chart \| Request a new note C A N S L I M
FLT - NYSE Fleetcor Technologies DIVERSIFIED SERVICES - Business/Management Services	$138.33	-4.65 -3.25%	$141.55	1,260,406 171.72% of 50 DAV 50 DAV is 734,000	$160.40 -13.76%	10/31/2014	$148.50	PP = $146.29
								MB = $153.60
Most Recent Note - 12/12/2014 6:05:10 PM G - Violated its 50 DMA line with a damaging volume-driven loss today triggering a worrisome technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve. >>> FEATURED STOCK ARTICLE : Testing Support While Encountering Recent Distributional Pressure - 12/8/2014 View all notes \| Set NEW NOTE alert \| CANSLIM.net Company Profile \| SEC News \| Chart \| Request a new note C A N S L I M
ILMN - NASDAQ Illumina Inc DRUGS - Biotechnology	$184.30	-2.53 -1.35%	$187.27	660,751 54.12% of 50 DAV 50 DAV is 1,221,000	$197.37 -6.62%	10/22/2014	$188.77	PP = $182.27
								MB = $191.38
Most Recent Note - 12/12/2014 6:07:30 PM G - Slumped below its 50 DMA line with a loss on light volume raising concerns and its color code is changed to green. More damaging losses would raise greater concerns and trigger a more worrisome technical sell signal. >>> FEATURED STOCK ARTICLE : Quietly Consolidating Back Below "Max Buy" Level - 11/25/2014 View all notes \| Set NEW NOTE alert \| CANSLIM.net Company Profile \| SEC News \| Chart \| Request a new note C A N S L I M
PANW - NYSE Palo Alto Networks Computer Sftwr-Security	$118.07	-0.84 -0.71%	$119.75	795,805 40.73% of 50 DAV 50 DAV is 1,954,000	$123.22 -4.18%	7/30/2014	$84.21	PP = $85.88
								MB = $90.17
Most Recent Note - 12/8/2014 6:25:54 PM G - Quietly consolidating near all-time highs. It did not form a sound base, and the 50 DMA line defines near-term support to watch. Reported earnings +88% on +50% sales revenues for the Oct '14 quarter. >>> FEATURED STOCK ARTICLE : Under Accumulation But Extended From Sound Base - 12/1/2014 View all notes \| Set NEW NOTE alert \| CANSLIM.net Company Profile \| SEC News \| Chart \| Request a new note C A N S L I M
RH - NYSE Restoration Hardware Hld RETAIL - Home Furnishing Stores	$93.59	-0.40 -0.43%	$98.39	2,604,277 296.95% of 50 DAV 50 DAV is 877,000	$99.44 -5.88%	12/11/2014	$98.66	PP = $94.60
								MB = $99.33
Most Recent Note - 12/12/2014 12:41:18 PM Y - Up today with above average volume. On the prior session it hit a new 52-week high but encountered distributional pressure after highlighted in yellow with pivot point cited based on its 6/30/14 high plus 10 cents in the mid-day report (read here). Volume and volatility often increase near earnings news. It reported Oct '14 earnings rose +53% on +22% sales revenues versus the year ago period, continuing its streak of strong quarterly earnings above the +25% minimum guideline (C criteria). See the latest FSU analysis for more details and annotated graphs. >>> FEATURED STOCK ARTICLE : Close in Lower Third of Intra-day Range Indicates Disributional Pressure - 12/11/2014 View all notes \| Set NEW NOTE alert \| CANSLIM.net Company Profile \| SEC News \| Chart \| Request a new note C A N S L I M
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
STRT - NASDAQ Strattec Security Corp AUTOMOTIVE - Auto Parts	$94.72	-3.18 -3.25%	$97.65	19,110 73.50% of 50 DAV 50 DAV is 26,000	$110.96 -14.64%	11/20/2014	$105.76	PP = $109.54
								MB = $115.02
Most Recent Note - 12/12/2014 6:13:50 PM G - Slumped on light volume to a close below its 50 DMA line triggering a technical sell signal and its color code is changed to green. Only a prompt rebound above its 50 DMA line would help its outlook improve. >>> FEATURED STOCK ARTICLE : Little Overhead Supply in Thinly Traded Company - 12/9/2014 View all notes \| Set NEW NOTE alert \| CANSLIM.net Company Profile \| SEC News \| Chart \| Request a new note C A N S L I M
UIHC - NASDAQ United Insurance Holding Insurance-Prop/Cas/Titl	$19.96	-0.03 -0.15%	$20.45	144,490 61.22% of 50 DAV 50 DAV is 236,000	$22.32 -10.57%	12/5/2014	$20.64	PP = $20.31
								MB = $21.33
Most Recent Note - 12/10/2014 1:29:26 PM G - Gapped down today, abruptly retreating from its 52-week high following 6 consecutive gains marked by volume. Prior highs near $20 define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Technical Breakout Indicative of Institutional Demand - 12/5/2014 View all notes \| Set NEW NOTE alert \| CANSLIM.net Company Profile \| SEC News \| Chart \| Request a new note C A N S L I M

THESE ARE NOT BUY RECOMMENDATIONS! Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. This site is not an investment advisor, hence it does not endorse or recommend any securities or other investments. 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. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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