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AFTER MARKET UPDATE - THURSDAY, MARCH 13TH, 2014
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Indices NYSE Nasdaq
DOW  -231.19 16,108.89 -1.41% Volume 678,095,250 +5% Volume 2,240,582,340 +12%
NASDAQ -62.91 4,260.42 -1.46% Advancers 975 31% Advancers 619 21%
S&P 500 -21.86 1,846.34 -1.17% Decliners 2,085 67% Decliners 2,186 76%
Russell 2000 -14.63 1,176.74 -1.23% 52 Wk Highs 74   52 Wk Highs 85  
S&P 600 -8.32 666.62 -1.23% 52 Wk Lows 41   52 Wk Lows 34  

Major Averages Fell Under Greater Distributional Pressure

The major averages extended their losses into Thursday's closing bell. The volume totals were reported higher on the NYSE and on the Nasdaq exchange indicating distributional selling pressure from the institutional crowd. Decliners led advancers by more than a 2-1 margin on the NYSE and more than 3-1 on the Nasdaq exchange. There were 18 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, up from the total of 10 stocks on the prior session. The list of stocks hitting new 52-week highs still outnumbered new 52-week lows on the Nasdaq exchange and on the NYSE. There were losses for all of the 12 high-ranked companies currently included on the Featured Stocks PageThe Market (M criteria) uptrend has come under pressure.  For any rally to be sustained it is critical for there to be healthy leadership, so it remains crucial for many stocks to continue hitting new 52-week highs.

 

The Dow Jones Industrial Average fell 231 points to 16,108, the S&P 500 shed 21 points to 1,846 and the NASDAQ gave up 62 points with the index at 4,260. Stocks slid throughout the session as heightened tensions between Russia and the Ukraine overshadowed positive reports on weekly jobless claims and February retail sales. Specifically, an uptick in Russian military movement along the Ukrainian border prompted President Obama to warn Moscow that any move to assume control of the Crimean Peninsula would result in consequences.

On the earnings front, shares of Dollar General (DG -2.75%) fell after the company's current-quarter and full-year guidance fell short of analysts' estimates. On the upside, Williams-Sonoma (WSM +9.78%) rallied as the company posted better-than-anticipated results. In other news, Amazon.com Inc (AMZN +0.23%) edged higher on news that the company was increasing the price of its Prime membership.
Turning to fixed income markets, Treasuries ended higher along the curve with the benchmark 10-year note up 23/32 to yield 2.65%.
The CANSLIM.net 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. Watch for an announcement via email concerning the next WEBCAST.

PICTURED: The S&P 500 Index undercut its prior highs.


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.


Gold & Silver Index Posted Standout Gain

The tech sector led the market's retreat as the Networking Index ($NWX -2.56%), Biotechnology Index ($BTK -2.32%), and the Semiconductor Index ($SOX -1.70%) fell. The Broker/Dealer Index ($XBD -1.63%) and the Bank Index ($BKX -0.85%) fell as financvial shares weighed on the major averages and the Retail Index ($RLX -1.33%) also declined. Energy-related shares backpedaled as the Oil Services Index ($OSX -1.36%) and the Integrated Oil Index ($XOI -1.25%) fell.

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU +2.40%) was a standout gainer.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  274.14 -3.78 -1.36% -2.45%
Integrated Oil $XOI  1,465.11 -18.49 -1.25% -2.53%
Semiconductor $SOX  565.14 -9.78 -1.70% +5.63%
Networking $NWX  338.54 -8.90 -2.56% +4.51%
Broker/Dealer $XBD  159.62 -2.65 -1.63% -0.58%
Retail $RLX  919.80 -12.40 -1.33% -2.13%
Gold & Silver $XAU  105.30 +2.47 +2.40% +25.13%
Bank $BKX  69.92 -0.60 -0.85% +0.95%
Biotech $BTK  2,756.02 -65.48 -2.32% +18.26%


Fourth Loss on Above Average Volume Testing 50-Day Average

Springleaf Holdings Inc (LEAF -$0.29 on -1.11% to $25.86) has undercut prior highs in the $27 area raising concerns and it tested support at its 50-day moving average (DMA) line with today's damaging 4th consecutive loss on ever-increasing volume. Disciplined investors avoid chasing extended stocks more than +5% above prior highs and always limit losses by selling any stock that falls more than -7% from their purchase price.

LEAF stalled and made limited headway after last shown in this FSU section on 2/24/14 with annotated graphs under the headline, "Breakout Backed by Four Times Average Volume". It was highlighted in yellow with pivot point cited based on its 1/09/14 high plus 10 cents in the 2/24/14 mid-day report (read here).

Earnings increases have been above the +25% minimum guideline (C criteria) in the 4 latest quarterly comparisons through Dec '13. Its Up/Down Volume Ratio of 1.3 is an unbiased indication that its shares have been under accumulation over the past 50 days. It has attracted top-rated funds as owners (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
EQM - NYSE
E Q T Midstream Partners
ENERGY - Oil and Gas Pipelines  
$64.24 -0.37
-0.57%

$64.87

30,493
27.23% of 50 DAV
50 DAV is 112,000
$67.80
-5.25%
12/12/2013 $53.17 PP = $56.51
MB = $59.34
Most Recent Note - 3/10/2014 3:47:05 PM
G - Still stubbornly holding its ground since reporting earnings -2% on +22% sales revenues for the Dec '13 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Its 50 DMA line ($62.85 now) defines near-term support where a violation may trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Resilient Despite Fundamental Concerns - 3/3/2014
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
FB - NASDAQ
Facebook Inc Cl A
INTERNET  
$68.83 -2.05
-2.89%

$71.35

57,091,157
96.62% of 50 DAV
50 DAV is 59,089,000
$72.59
-5.18%
12/12/2013 $51.40 PP = $54.93
MB = $57.68
Most Recent Note - 3/13/2014 9:33:50 PM
G - Pulling back after getting more extended from any sound base. Its 50 DMA line ($62.83 now) defines near-term support to watch.
>>> FEATURED STOCK ARTICLE : High-Ranked Internet Group Leader is Extended From Base - 2/25/2014
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   Daily Graphs Online Stock Checkup
FLT - NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services  
$117.92 -2.97
-2.46%

$124.66

1,244,546
108.32% of 50 DAV
50 DAV is 1,149,000
$132.22
-10.82%
3/5/2014 $125.40 PP = $124.06
MB = $130.26
Most Recent Note - 3/11/2014 5:38:07 PM
Y - Volume totals have been cooling while consolidating near prior highs in the $123 area defining initial support to watch. Deterioration leading to a close below its old high close ($122.70 on 12/02/13) would raise greater concerns and completely negate the recent breakout.
>>> FEATURED STOCK ARTICLE : Consolidating Following Recent Breakout to New High Territory - 3/5/2014
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   Daily Graphs Online Stock Checkup
GNRC - NYSE
Generac Hldgs Inc
Electrical-Power/Equipmt  
$56.75 -1.45
-2.49%

$59.00

525,542
55.61% of 50 DAV
50 DAV is 945,000
$59.74
-5.00%
2/14/2014 $56.50 PP = $57.39
MB = $60.26
Most Recent Note - 3/11/2014 5:27:34 PM
Y - Wedging higher in recent weeks while making limited headway above prior resistance in the $57 area. Volume should be at least +40% above average as a stock rallies above its pivot point to trigger a proper technical buy signal. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Bullish Gap Up Followed By Wedging and Stalling Action - 3/11/2014
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   Daily Graphs Online Stock Checkup
ICON - NASDAQ
Iconix Brand Group Inc
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$40.29 -0.29
-0.71%

$40.79

734,537
119.24% of 50 DAV
50 DAV is 616,000
$42.47
-5.13%
3/7/2014 $41.46 PP = $40.88
MB = $42.92
Most Recent Note - 3/12/2014 5:43:05 PM
Y - Consolidating above prior highs in the $40 area defining near-term support. Highlighted in yellow with pivot point cited based on its 12/02/13 high plus 10 cents in the 3/07/14 mid-day report (read here).
>>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure Following Recent Breakout - 3/7/2014
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  
$97.02 -1.01
-1.03%

$98.72

1,645,075
45.77% of 50 DAV
50 DAV is 3,594,000
$101.04
-3.98%
3/12/2014 $98.03 PP = $101.14
MB = $106.20
Most Recent Note - 3/12/2014 5:35:29 PM
Y - Color code is changed to yellow with new pivot point cited based on its 2/25/14 high plus 10 cents. While stubbornly holding its ground in a tight range near its 52-week high, volume totals cooling in recent weeks indicates that few investors have headed for the exit. Its 50 DMA line ($88) defines the nearest support above prior highs in the $84 area. See the latest FSU analysis for more details and new annotated graphs.
>>> FEATURED STOCK ARTICLE : Formed Advanced Base Pattern With Volume Totals Cooling - 3/12/2014
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   Daily Graphs Online Stock Checkup
LEAF - NYSE
Springleaf Holdings Inc
Finance-Consumer Loans  
$25.86 -0.29
-1.11%

$26.55

554,545
396.10% of 50 DAV
50 DAV is 140,000
$29.50
-12.34%
2/24/2014 $28.60 PP = $27.44
MB = $28.81
Most Recent Note - 3/13/2014 9:28:15 PM
G - Color code is changed to green while testing support at its 50 DMA line with today's damaging 4th consecutive loss on ever-increasing volume. Disciplined investors avoid chasing extended stocks more than +5% above prior highs and 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 : Fourth Loss on Above Average Volume Testing 50-Day Average - 3/13/2014
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
PCLN - NASDAQ
Priceline.com Inc
INTERNET - Internet Software and Services  
$1,299.73 -32.85
-2.47%

$1,338.14

967,475
124.51% of 50 DAV
50 DAV is 777,000
$1,378.96
-5.75%
12/18/2013 $1,156.20 PP = $1,198.85
MB = $1,258.79
Most Recent Note - 3/13/2014 9:30:17 PM
G - Down today with heavier volume indicating distributional pressure. Consolidating well above near-term support at its 50 DMA line ($1,230).
>>> FEATURED STOCK ARTICLE : Perched At Highs With Volume Totals Cooling - 3/10/2014
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   Daily Graphs Online Stock Checkup
PSIX - NASDAQ
Power Solutions Intl Inc
Machinery-Gen Industrial  
$78.01 -4.29
-5.21%

$82.92

70,720
112.25% of 50 DAV
50 DAV is 63,000
$87.40
-10.74%
2/28/2014 $74.65 PP = $76.93
MB = $80.78
Most Recent Note - 3/13/2014 9:32:13 PM
Y - Down for a 3rd consecutive loss today, slumping under its "max buy" level and its color code is changed to yellow. Trading near prior highs in the $78 area defining initial support to watch. Disciplined investors avoid chasing stocks more than +5% above prior highs and always sell if any stock falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Earnings Solid and Forming a Cup-With-Handle - 2/28/2014
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   Daily Graphs Online Stock Checkup
SILC - NASDAQ
Silicom Ltd
COMPUTER HARDWARE - Networking andamp; Communication Dev  
$67.67 -1.13
-1.64%

$69.03

58,116
69.19% of 50 DAV
50 DAV is 84,000
$73.44
-7.86%
12/23/2013 $44.62 PP = $46.25
MB = $48.56
Most Recent Note - 3/12/2014 5:41:23 PM
G - Posted a gain today on lighter volume after retreating from all-time highs with 4 consecutive losses. Extended from any sound base. Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead.
>>> FEATURED STOCK ARTICLE : Very Extended From Prior Base After 11 Straight Weekly Gains - 3/6/2014
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
ULTI - NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services  
$153.88 -1.87
-1.20%

$157.94

204,204
145.86% of 50 DAV
50 DAV is 140,000
$171.96
-10.51%
1/27/2014 $153.75 PP = $162.98
MB = $171.13
Most Recent Note - 3/11/2014 5:32:29 PM
G - Volume was higher behind today's 5th consecutive damaging loss. Weak action triggered a technical sell signal while slumping below its 50 DMA line and its color code is changed to green. Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Near 52--Week High Following Another Volume-Driven Gain - 3/4/2014
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   Daily Graphs Online Stock Checkup
VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$139.33 -1.67
-1.18%

$142.55

2,269,580
131.49% of 50 DAV
50 DAV is 1,726,000
$153.10
-8.99%
9/11/2013 $100.26 PP = $105.50
MB = $110.78
Most Recent Note - 3/13/2014 12:40:00 PM
G - Consolidating just above its 50 DMA line ($136) which defines near-term support. A more damaging violation may raise serious concerns and trigger a more worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Strong Earnings Report; On Track for 9th Weekly Gain in 10 Weeks - 2/27/2014
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

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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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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