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AFTER MARKET UPDATE - WEDNESDAY, JANUARY 15TH, 2014
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Indices NYSE Nasdaq
DOW  +108.08 16,481.94 +0.66% Volume 704,154,840 +11% Volume 1,979,020,900 +4%
NASDAQ +31.86 4,214.88 +0.76% Advancers 1,961 63% Advancers 1,704 64%
S&P 500 +9.50 1,848.38 +0.52% Decliners 1,049 33% Decliners 877 33%
Russell 2000 +7.92 1,171.35 +0.68% 52 Wk Highs 245   52 Wk Highs 245  
S&P 600 +4.87 663.56 +0.74% 52 Wk Lows 19   52 Wk Lows 12  

Leadership Expanded as Major Averages Rallied on Higher Volume

Stocks rose for a second straight day amid signs of an improving global economy. Wednesday's volume totals were reported higher than the prior trading session's volume totals on the NYSE and on the Nasdaq exchange suggesting an encouraging increase in buying demand coming from the institutional crowd. Breadth was positive as advancers led decliners by nearly 2-1 on the NYSE and on the Nasdaq exchange. There were 80 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, up sharply from a total of 45 stocks on the prior session. The list of stocks hitting new 52-week highs expanded and easily outnumbered new lows on the Nasdaq exchange and on the NYSE. There were gains for 11 of the 21 high-ranked companies currently included on the Featured Stocks Page.

The Dow gained 108 points to 16,481. The S&P 500 Index added 10 points to reach a new record high of 1,848. The NASDAQ advanced 32 points to close at 4,214. The major averages finished firmly in positive territory after the World Bank raised its 2014 global growth forecast. Updates on the U.S. economy also provided a tailwind to the market. Before the open, a report showed manufacturing in the New York region expanded at a faster pace in January. A reading on inflation revealed wholesale prices increased +0.4% in December. The Fed's Beige Book report indicated the U.S. economy experienced moderate growth last month. On the earnings front, Bank of America Corp (BAC +2.27%) rose after posting quarterly results above projections. Industrial supplier Fastenal Co (FAST -4.46%) fell after earnings fell short of consensus estimates.
Telecom and technology were the best performing groups on Wednesday's session. Verizon Communications Inc (VZ +2.52%) climbed. Shares of Apple Inc (AAPL +2.01%) were higher at after China Mobile Ltd (CHL -0.18%) said pre-sale orders of iPhones reached one million. Utilities were down the most with shares of Ameren Corp (AEE -1%) slipping.
Treasuries pared losses to finish modestly lower. Benchmark 10-year notes were down 2/32 to yield 2.88%.
PICTURED: The S&P 500 Index posted a gain for a new all-time high.

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 and Tech Groups Led Gainers

Financial shares underpinned the major averages' rally as the Broker/Dealer Index ($XBD +1.03%) and the Bank Index ($BKX +1.40%) rose. The tech sector saw a solid gain from the Networking Index ($NWX +1.95%) while the Semiconductor Index ($SOX +0.85%) posted a smaller gain. The Biotechnology Index ($BTK +0.11%) inched higher while the Retail Index ($RLX -0.17%) edged lower. Energy-related shares had a slightly negative bias as the Integrated Oil Index ($XOI -0.57%) and the Oil Services Index ($OSX -0.34%) edged lower.

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU +1.38%) remains below its 200-day moving average (DMA) line after rebounding above its 50 DMA line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  275.18 -0.95 -0.34% -2.08%
Integrated Oil $XOI  1,466.71 -8.42 -0.57% -2.42%
Semiconductor $SOX  544.21 +4.60 +0.85% +1.72%
Networking $NWX  338.72 +6.47 +1.95% +4.56%
Broker/Dealer $XBD  162.13 +1.66 +1.03% +0.98%
Retail $RLX  919.28 -1.59 -0.17% -2.18%
Gold & Silver $XAU  88.95 +1.21 +1.38% +5.70%
Bank $BKX  71.19 +0.98 +1.40% +2.79%
Biotech $BTK  2,533.25 +2.71 +0.11% +8.70%


Following New Offering Prior Highs Acted As Support

Facebook Inc (FB -$0.14 or -0.24% to $57.60) has seen volume totals cooling while remaining perched very near its "max buy" level. Prior highs in the $54 area acted as support during its recent consolidation, meanwhile any slump into the prior base would raise concerns. It rallied from a 9-week cup shaped base without a handle after completing a Public Offering on 12/20/13.

Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. It was last shown in this FSU section on 12/12/13 with annotated graphs under the headline, "Well Known Social Media Firm on Watch List While Still Base Building". In the earlier mid-day report (read here) it was highlighted in yellow with a pivot point cited based on its 10/18/13 high plus 10 cents while noted with caution  - "Disciplined investors may watch for subsequent volume-driven gains above its pivot point which are necessary to trigger a proper technical buy signal."

FB reported earnings +108% on +60% sales revenues for the Sep '13 quarter versus the year ago period, its 2nd quarterly comparison with earnings above the +25% minimum (C criteria). Sequential acceleration in quarterly sales and earnings increases helps it look like a better match with the fact-based investment system's winning models. 

The number of top-rated funds owning its shares rose from 1,116 in Dec '12 to 1,629 in Dec '13, a reassuring sign concerning the I criteria. Keep in mind that its large supply of 2.54 billion shares in the public float makes it an unlikely sprinter, especially as it is already well known by the institutional crowd and the general public.


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
ARMH - NASDAQ
A R M Holdings Plc Ads
ELECTRONICS - Semiconductor - Specialized  
$49.62 +0.25
0.51%

$49.96

1,132,994
69.05% of 50 DAV
50 DAV is 1,640,800
$55.26
-10.21%
12/23/2013 $54.59 PP = $52.48
MB = $55.10
Most Recent Note - 1/14/2014 5:19:20 PM
G - Rebounded with a gain on higher volume finishing near its 50 DMA line ($49.43) which may now act as resistance following damaging losses which triggered technical sell signals. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : No Overhead Supply Remains Following Volume-Driven Breakout - 12/23/2013
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BITA - NYSE
Bitauto Hldgs Ltd Ads
INTERNET - Internet Information Providers  
$35.18 -0.15
-0.42%

$36.52

1,047,407
77.47% of 50 DAV
50 DAV is 1,352,100
$39.25
-10.37%
1/8/2014 $33.00 PP = $35.14
MB = $36.90
Most Recent Note - 1/13/2014 3:29:55 PM
G - Encountering distributional pressure this afternoon, it reversed into the red after early gains beyond its "max buy" level. Pyramiding is a tactic taught in the Certification designed to let the market action dictate your entries while proper discipline suggests that gains above a stock's pivot point should have at least +40% above average volume to trigger a valid technical buy signal.
>>> FEATURED STOCK ARTICLE : Finished Strong and Challenged Pivot Point After Highlighted in Mid-Day Report - 1/8/2014
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   Daily Graphs Online Stock Checkup
CELG - NASDAQ
Celgene Corp
DRUGS - Drug Manufacturers - Major  
$165.35 -1.69
-1.01%

$168.00

2,813,650
101.36% of 50 DAV
50 DAV is 2,775,800
$174.66
-5.33%
9/12/2013 $149.50 PP = $150.02
MB = $157.52
Most Recent Note - 1/13/2014 12:48:57 PM
G - Touched a new 52-week high today followed by a "negative reversal" for a loss on high volume. Its 50 DMA line which acted as support recently. Subsequent violations would raise greater concerns and trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Found Support Above 50-Day Average After Gapping Down on Prior Session - 1/7/2014
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EGOV - NASDAQ
N I C Inc
INTERNET - Internet Software and Services  
$24.14 +0.28
1.17%

$24.25

187,901
68.70% of 50 DAV
50 DAV is 273,500
$25.99
-7.12%
12/20/2013 $24.00 PP = $26.09
MB = $27.39
Most Recent Note - 1/13/2014 3:32:15 PM
G - Color code is changed to green while sputtering below its 50 DMA line. A rally above recent resistance in the $25-26 area is needed for its technical stance to turn bullish. Meanwhile, a violation of the recent low ($22.17 on 12/16/13) would raise concern as that level defines near-term support above its 200 DMA line.
>>> FEATURED STOCK ARTICLE : Rebounded Above 50-Day Average; Relative Strength Rating Waned - 12/27/2013
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EQM - NYSE
E Q T Midstream Partners
ENERGY - Oil and Gas Pipelines  
$60.76 -0.49
-0.80%

$62.07

114,356
97.24% of 50 DAV
50 DAV is 117,600
$61.58
-1.33%
12/12/2013 $53.17 PP = $56.51
MB = $59.34
Most Recent Note - 1/15/2014 5:52:53 PM
G - Touched a new high today but reversed into the red for a loss on higher (near average) volume following a streak of 4 consecutive gains on lighter volume. It is very extended from any sound base pattern, and prior highs in the $56 area define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Finding Support Near 50-Day Moving Average While Perched Near Highs - 12/13/2013
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   Daily Graphs Online Stock Checkup
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  
$57.60 -0.14
-0.24%

$58.57

33,661,715
49.57% of 50 DAV
50 DAV is 67,904,400
$58.96
-2.31%
12/12/2013 $51.40 PP = $54.93
MB = $57.68
Most Recent Note - 1/15/2014 5:54:56 PM
G - Quietly perched near its "max buy" level with volume totals cooling. Prior highs in the $54 area acted as support during its recent consolidation. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Following New Offering Prior Highs Acted As Support - 1/15/2014
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   Daily Graphs Online Stock Checkup
FLT - NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services  
$110.21 -3.17
-2.80%

$113.58

1,156,925
152.81% of 50 DAV
50 DAV is 757,100
$123.96
-11.09%
8/19/2013 $99.01 PP = $100.97
MB = $106.02
Most Recent Note - 1/15/2014 4:31:26 PM
Slumped further below its 50 DMA line with today's 3rd consecutive loss with above average volume and ending near the session low. Deterioration this week has raised concerns and it will be dropped from the Featured Stocks list tonight. A rebound above its 50 DMA line is needed to help its outlook improve.
>>> FEATURED STOCK ARTICLE : Enduring Distributional Pressure While Extended From Sound Base - 12/17/2013
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GNRC - NYSE
Generac Hldgs Inc
CONSUMER DURABLES - Electronic Equipment  
$55.24 +0.09
0.16%

$55.98

603,322
98.82% of 50 DAV
50 DAV is 610,500
$57.29
-3.58%
11/26/2013 $53.02 PP = $52.42
MB = $55.04
Most Recent Note - 1/15/2014 5:56:51 PM

G - Consolidating above its 50 DMA line and -3.60% off its all-time high. Prior highs in the $52 area define initial support to watch on pullbacks.


>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Holding Ground Near Highs - 1/2/2014
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HLF - NYSE
Herbalife Ltd
DRUGS - Nutrition and Weight Management  
$79.38 -1.41
-1.75%

$80.74

2,768,483
99.82% of 50 DAV
50 DAV is 2,773,400
$83.51
-4.95%
11/22/2013 $72.21 PP = $75.04
MB = $78.79
Most Recent Note - 1/13/2014 5:12:51 PM
G - Pulled back toward its "max buy" level with today's loss following 5 consecutive gains. Found support above prior highs in the $74 area during its recent consolidation. Disciplined investors always limit losses if any stock falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Perched Near Highs - 12/30/2013
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JAZZ - NASDAQ
Jazz Pharmaceuticals Plc
DRUGS - Biotechnology  
$147.60 +2.12
1.46%

$149.48

913,639
120.17% of 50 DAV
50 DAV is 760,300
$148.14
-0.36%
9/30/2013 $93.20 PP = $89.10
MB = $93.56
Most Recent Note - 1/14/2014 5:15:53 PM
G - Perched at its 52-week high, holding its ground stubbornly after considerable volume-driven gains, extended from any sound base. Its 50 DMA line defines important support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Very Extended From Sound Base Following Big Volume-Driven Gains - 1/14/2014
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   Daily Graphs Online Stock Checkup
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
KORS - NYSE
Michael Kors Hldgs Ltd
RETAIL - Apparel Stores  
$77.41 +0.36
0.47%

$78.05

1,986,761
43.94% of 50 DAV
50 DAV is 4,521,700
$84.58
-8.48%
8/6/2013 $69.66 PP = $66.28
MB = $69.59
Most Recent Note - 1/13/2014 3:38:45 PM
G - Quietly slumping further below its 50 DMA line today. Damaging losses on above average volume last week indicated distributional pressure.
>>> FEATURED STOCK ARTICLE : Technical Deterioration and RS Rating Slump Raises Concerns - 1/9/2014
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MRLN - NASDAQ
Marlin Business Services
DIVERSIFIED SERVICES - Rental and Leasing Services  
$28.47 +0.71
2.56%

$28.98

77,275
265.55% of 50 DAV
50 DAV is 29,100
$28.64
-0.59%
12/19/2013 $26.69 PP = $28.74
MB = $30.18
Most Recent Note - 1/15/2014 4:37:24 PM
Y - Posted a gain today with +162% above average volume and hit a new 52-week high. It did not close the session above the pivot point, yet the volume-driven gain for a best-ever close had the look of institutional accumulation. No resistance remains due to overhead supply. Its Relative Strength (RS) Rating at 78 remains below the 80+ minimum guideline for buy candidates.
>>> FEATURED STOCK ARTICLE : Finished Weak While Enduring Distributional Pressure - 12/19/2013
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PCLN - NASDAQ
Priceline.Com Inc
INTERNET - Internet Software and Services  
$1,172.86 +13.65
1.18%

$1,174.34

576,322
96.68% of 50 DAV
50 DAV is 596,100
$1,198.75
-2.16%
12/18/2013 $1,156.20 PP = $1,198.85
MB = $1,258.79
Most Recent Note - 1/15/2014 4:38:34 PM
Y - Consolidating just above its 50 DMA line which has recently acted as support. Subsequent damaging losses below its 50 DMA line and prior low ($1,113.01 on 1/06/13) would raise greater concerns and trigger technical sell signals.
>>> FEATURED STOCK ARTICLE : Managed Positive Reversal at 50-Day Moving Average Line - 1/6/2014
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RGR - NYSE
Sturm Ruger & Co Inc
CONSUMER DURABLES - Sporting Goods  
$84.21 +0.40
0.48%

$85.11

449,267
137.69% of 50 DAV
50 DAV is 326,300
$84.19
0.02%
1/8/2014 $78.87 PP = $80.38
MB = $84.40
Most Recent Note - 1/15/2014 4:42:12 PM
Y - Tallied an 8th consecutive gain with above average volume while approaching its "max buy" level. Prior highs in the $80 area define initial support to watch on pullbacks. Disciplined investors always limit losses by selling any stock if it falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Hit New Highs With 6th Consecutive Gain - 1/13/2014
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SFUN - NYSE
Soufun Hldgs Ltd Ads A
INTERNET - Internet Information Providers  
$89.36 +0.90
1.02%

$90.18

624,781
52.18% of 50 DAV
50 DAV is 1,197,400
$93.49
-4.42%
10/17/2013 $58.02 PP = $53.87
MB = $56.56
Most Recent Note - 1/10/2014 5:54:24 PM
G - Perched near its all-time high, extended from any sound base. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Extended From Base Following More Volume-Driven Gains - 1/10/2014
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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
SILC - NASDAQ
Silicom Ltd
COMPUTER HARDWARE - Networking andamp; Communication Dev  
$47.55 +0.56
1.19%

$47.67

33,162
102.04% of 50 DAV
50 DAV is 32,500
$47.15
0.85%
12/23/2013 $44.62 PP = $46.25
MB = $48.56
Most Recent Note - 1/13/2014 1:21:24 PM
Y - Hitting another new 52-week high with today's 7th consecutive small gain, inching higher without especially great volume conviction. Volume should be a minimum of +40% above average behind gains above a stock's pivot point to trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : Stock With Small Supply Has Formed a Sound Base Pattern - 12/24/2013
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SSNC - NASDAQ
S S & C Technologies
COMPUTER SOFTWARE and SERVICES - Application Software  
$44.42 -1.32
-2.89%

$46.21

390,476
132.10% of 50 DAV
50 DAV is 295,600
$46.61
-4.69%
10/22/2013 $39.17 PP = $40.04
MB = $42.04
Most Recent Note - 1/15/2014 4:28:07 PM
G - Pulled back today on above average volume and finished near the session low, enduring distributional pressure. It is extended from any sound base. Found recent support near its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Found Prompt Support After Damaging Losses Raised Concerns - 12/16/2013
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ULTI - NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services  
$154.01 -0.36
-0.23%

$154.85

228,599
172.79% of 50 DAV
50 DAV is 132,300
$162.88
-5.45%
10/16/2013 $142.95 PP = $151.18
MB = $158.74
Most Recent Note - 1/15/2014 5:58:28 PM
G - Consolidating just above its 50 DMA line, enduring distributional pressure with 4 losses on above average volume in the past 5 sessions. Recent low ($144.04 on 12/12/13) defines the next near-term support to watch.
>>> FEATURED STOCK ARTICLE : Gain on Light Volume While Inching Above 50-Day Average - 12/26/2013
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VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$133.50 -1.51
-1.12%

$136.20

1,188,750
103.19% of 50 DAV
50 DAV is 1,152,000
$135.73
-1.64%
9/11/2013 $100.26 PP = $105.50
MB = $110.78
Most Recent Note - 1/14/2014 5:21:55 PM
G - Best-ever close and finished near the session high today with a volume-driven gain. Its 50 DMA line and prior highs near $115 define near term support to watch.
>>> FEATURED STOCK ARTICLE : Rebounding With Volume Backed Gains But Fundamental Concerns Remain - 12/18/2013
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YNDX - NASDAQ
Yandex N V Class A
INTERNET - Internet Information Providers  
$43.36 -0.42
-0.96%

$44.25

2,706,991
114.27% of 50 DAV
50 DAV is 2,368,900
$45.42
-4.54%
11/27/2013 $39.61 PP = $42.10
MB = $44.21
Most Recent Note - 1/14/2014 5:23:26 PM
Y - Hovering near its 52-week high following a volume-driven gain on 1/09/14 after a Morgan Stanley analysts raised their target price. Prior reports noted - "At least +40% above average volume should be behind gains above the pivot point to trigger a proper new technical buy signal."
>>> FEATURED STOCK ARTICLE : Best Ever Close With Gain on Light Volume - 12/31/2013
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   Daily Graphs Online Stock Checkup
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
YY - NASDAQ
YY Inc Ads
INTERNET - Internet Service Providers  
$70.44 +3.44
5.13%

$72.20

2,585,161
171.08% of 50 DAV
50 DAV is 1,511,100
$67.27
4.71%
1/3/2014 $55.08 PP = $56.85
MB = $59.69
Most Recent Note - 1/15/2014 4:43:21 PM
G - Rallied with above average volume for a 2nd consecutive big gain and new high close, getting more extended from any sound base. Prior highs in the $56 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Finished Strong With High Volume After Featured in Mid-Day Report - 1/3/2014
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   Daily Graphs Online Stock Checkup

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