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AFTER MARKET UPDATE - TUESDAY, MARCH 19TH, 2013
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Indices NYSE Nasdaq
DOW  +3.76 14,455.82 +0.03% Volume 731,699,320 +8% Volume 1,641,943,440 +11%
NASDAQ -8.49 3,229.10 -0.26% Advancers 1,270 41% Advancers 1,036 41%
S&P 500 -3.76 1,548.34 -0.24% Decliners 1,726 55% Decliners 1,421 56%
Russell 2000 -4.35 942.85 -0.46% 52 Wk Highs 195   52 Wk Highs 118  
S&P 600 -1.42 527.16 -0.27% 52 Wk Lows 25   52 Wk Lows 17  

Indices Ended Little Changed With European Woes Lingering

The major averages erased earlier gains as euro zone concerns resurfaced, ending Tuesday's session mixed and little changed. The volume totals were reported slightly higher versus the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 4-3 margin on the NYSE and on the Nasdaq exchange. The total number of stocks hitting new 52-week highs still easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were 54 high-ranked companies from the CANSLIM.net Leaders List making new 52-week highs and appearing on the CANSLIM.net BreakOuts Page, up from the prior session's total of 45 stocks. There were gains for 5 of the 16 high-ranked companies currently included on the Featured Stocks Page.

 

The Cypriot Parliament rejected the bailout plan that would impose a levy on bank deposits, and unconfirmed reports said the nation's Finance Minister submitted his resignation. Europe's financial woes overshadowed encouraging U.S. economic data. Housing starts gained +0.8% in February to an annual rate of 917,000, while building permits advanced to the best level since June 2008. 

Eight of the 10 sectors on the S&P ended lower, led by declines in the energy space including Transocean Ltd (RIG -1.97%) as crude oil fell -1.6% to $92.20 per barrel. On the earnings front, shoe retailer DSW Inc (DSW -6.19%) after falling short of analysts' estimates in the fourth-quarter. In other news, Lululemon Athletica Inc (LULU -2.76%) fell on news that it was pulling merchandise from its stores due to lack of quality. 

Turning to fixed income markets, Treasuries were higher along the curve with the benchmark 10-year note up 7/16 to yield 1.91%.

New buying efforts are justified under the fact-based system since a follow-through day on 3/05/13 shifted the market's (M criteria) direction to a confirmed rally again after a brief correction. Any sustainable rally requires a healthy crop of companies hitting new 52-week highs, so it is always essential to see meaningful leadership (stocks hitting new 52-week highs). 

Watch for an announcement via email concerning the next WEBCAST. The webcast will also be available via an updated link highlighted at the top of the Premium Member Homepage

PICTURED: The Nasdaq Composite Index is enduring mild distributional pressure while consolidating above 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.


Energy-Related Shares Led Broad Retreat

The Oil Services Index ($OSX -2.01%) was a standout decliner and the Integrated Oil Index ($XOI -0.77%) also lost ground while energy-related shares faced pressure. The tech sector saw unanimous losses for the Networking Index ($NWX -0.89%), Internet Index ($IIX -0.72%), Biotechnology Index ($BTK -0.54%), and the Semiconductor Index ($SOX -0.39%).  The Retail Index ($RLX -0.88%) and financial shares also created a drag on the major averages as the Broker/Dealer Index ($XBD -0.71%) and the Bank Index ($BKX -0.25%)  ended lower.  Defensive shares were little changed as the Gold & Silver Index ($XAU -0.03%) and the Healthcare Index ($HMO +0.07%) finished flat.

Charts courtesy www.stockcharts.com

PICTURED: The Healthcare Index ($HMO +0.07%) found support at its 50-day moving average (DMA) line during its consolidation after recently rallying above its 2012 highs.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  238.83 -4.90 -2.01% +8.48%
Healthcare $HMO  2,785.96 +1.96 +0.07% +10.81%
Integrated Oil $XOI  1,343.47 -10.49 -0.77% +8.18%
Semiconductor $SOX  426.73 -1.66 -0.39% +11.11%
Networking $NWX  237.16 -2.12 -0.89% +4.68%
Internet $IIX  360.21 -2.61 -0.72% +10.16%
Broker/Dealer $XBD  109.05 -0.78 -0.71% +15.61%
Retail $RLX  710.94 -6.34 -0.88% +8.86%
Gold & Silver $XAU  134.73 -0.04 -0.03% -18.64%
Bank $BKX  56.84 -0.14 -0.25% +10.84%
Biotech $BTK  1,775.46 -9.63 -0.54% +14.77%


Weakening Fundamental and Technical Characteristics a Concern

Comcast Corp Cl A (CMCSA -$0.24 or -0.59% to $40.13) is testing support at its 50-day moving average (DMA) line while enduring mild distributional pressure. A damaging violation would trigger a technical sell signal. Fundamental concerns remain since it reported earnings +11% on +6% sales revenues for the Dec '12 quarter, below the +25% minimum earnings guideline (C criteria). Its Relative Strength Rating has also slumped to 75 (see red circle) below the 80+ minimum guideline for buy candidates. Prior highs in the $38 area help define chart support to watch below its 50 DMA line. Since it was last shown in this FSU section on 2/19/13 with an annotated graph under the headline, "Following Sub Par Earnings Bullish Action Has Continued", the subsequent gains it has posted lacked great volume conviction, and the losses it has tallied have been marked by above average volume in more than a few instances. 

The high-ranked Telecom Services - Cable/Satellite firm's annual earnings (A criteria) history has been strong and leadership from other firms in the industry group is a reassuring sign concerning the L criteria. The number of top-rated funds owning its shares rose from 1,916 in Jun '11 to 2,274 in Dec '12, a reassuring sign concerning the I criteria.  Its huge supply of 2.097 billion shares in the float could make it less likely to be a great sprinter, meanwhile, the S criteria calls for investors to usually look at small-cap or mid-cap companies.


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
CELG - NASDAQ
Celgene Corp
DRUGS - Drug Manufacturers - Major  
$111.04 -0.86
-0.77%

$112.55

2,736,629
68.25% of 50 DAV
50 DAV is 4,009,800
$115.44
-3.81%
12/11/2012 $82.24 PP = $81.34
MB = $85.41
Most Recent Note - 3/19/2013 5:34:37 PM
G - Hovering near its all-time high after 3 consecutive small losses. Very extended from any sound base. Its 50 DMA line defines important support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/28/2013. Click here.

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CFNL - NASDAQ
Cardinal Financial Corp
BANKING - Regional - Southeast Banks  
$17.73 -0.04
-0.23%

$17.78

177,264
80.94% of 50 DAV
50 DAV is 219,000
$18.19
-2.53%
3/7/2013 $17.27 PP = $16.77
MB = $17.61
Most Recent Note - 3/15/2013 5:05:49 PM
G - Color code is changed to green while holding its ground stubbornly. Perched near its 52-week high since volume-driven gains last week cleared a "double bottom" base and triggered a technical buy signal. Prior highs in the high $16 area define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/18/2013. Click here.

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CMCSA - NASDAQ
Comcast Corp Cl A
MEDIA - CATV Systems  
$40.13 -0.24
-0.59%

$40.44

16,235,358
118.10% of 50 DAV
50 DAV is 13,746,900
$42.00
-4.45%
12/3/2012 $37.08 PP = $38.06
MB = $39.96
Most Recent Note - 3/19/2013 5:32:52 PM
G - Testing support at its 50 DMA line while enduring mild distributional pressure. Relative Strength Rating has slumped to 75, below the 80+ guideline. Fundamental concerns remain since it reported earnings +11% on +6% sales revenues for the Dec '12 quarter. See latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/19/2013. Click here.

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CVLT - NASDAQ
Commvault Systems Inc
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$81.33 -1.12
-1.36%

$83.20

698,650
90.30% of 50 DAV
50 DAV is 773,700
$86.89
-6.40%
3/14/2013 $84.71 PP = $79.63
MB = $83.61
Most Recent Note - 3/14/2013 6:09:38 PM
Y - Finished the session with a solid gain backed by 4.5 times average volume while clearing the pivot point cited based on its 2/01/13 high plus 10 cents and hitting new 52-week highs. Found support at its 50 DMA line during its orderly consolidation. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/14/2013. Click here.

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EVER - NYSE
Everbank Financial Corp
BANKING  
$15.11 +0.02
0.13%

$15.31

629,068
71.96% of 50 DAV
50 DAV is 874,200
$17.29
-12.61%
3/4/2013 $15.38 PP = $15.83
MB = $16.62
Most Recent Note - 3/18/2013 3:29:36 PM
G - Small gap down today trading near its 50 DMA line and its color code is changed to green. Damaging losses last week violated prior highs in the $16 area noted as initial chart support to watch, raising concerns and completely negating its prior technical breakout.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/4/2013. 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
JAZZ - NASDAQ
Jazz Pharmaceuticals Plc
DRUGS - Biotechnology  
$58.16 -0.59
-1.00%

$59.33

549,165
102.96% of 50 DAV
50 DAV is 533,400
$60.79
-4.33%
3/5/2013 $59.10 PP = $60.10
MB = $63.11
Most Recent Note - 3/18/2013 5:52:46 PM
Y - Still holding its ground perched near its 52-week high since completing a Secondary Offering on 3/05/13. Disciplined investors may watch for a volume-driven gain above the pivot point to trigger a technical buy signal before new buying efforts may be justified under the fact-based investment system.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/7/2013. Click here.

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KORS - NYSE
Michael Kors Hldgs Ltd
RETAIL - Apparel Stores  
$56.15 -1.95
-3.36%

$58.54

5,690,544
94.62% of 50 DAV
50 DAV is 6,014,100
$65.10
-13.75%
1/23/2013 $54.98 PP = $58.72
MB = $61.66
Most Recent Note - 3/19/2013 5:35:59 PM
G - Color code is changed to green after slumping back below its 50 DMA line raising concerns. Completed another Secondary Offering 2/20/13 while perched near its all-time high.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/8/2013. Click here.

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LNKD - NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers  
$173.06 -1.22
-0.70%

$176.20

1,551,433
63.18% of 50 DAV
50 DAV is 2,455,400
$184.15
-6.02%
2/8/2013 $147.04 PP = $127.55
MB = $133.93
Most Recent Note - 3/14/2013 12:37:16 PM
G - Hit yet another new high with today's gain. Repeatedly noted - "Very extended from its prior base, but having rallied more than +20% in the first 2-3 weeks after its breakout, the investment system rules suggest holding such winners for a minimum of 8 weeks. See the latest FSU analysis for more details and a new annotated graph."

>>> The latest Featured Stock Update with an annotated graph appeared on 3/11/2013. Click here.

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LOPE - NASDAQ
Grand Canyon Education
DIVERSIFIED SERVICES - Education and; Training Services  
$23.98 +0.18
0.76%

$24.28

220,038
47.25% of 50 DAV
50 DAV is 465,700
$27.18
-11.77%
2/20/2013 $26.44 PP = $25.10
MB = $26.36
Most Recent Note - 3/13/2013 7:49:45 PM
G - Consolidating near its 50 DMA line with volume totals cooling in recent weeks after it quickly negated the prior technical breakout. It has not formed a sound new base. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/13/2013. Click here.

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MIDD - NASDAQ
Middleby Corp
MANUFACTURING - Diversified Machinery  
$148.50 -0.31
-0.21%

$149.92

45,452
49.24% of 50 DAV
50 DAV is 92,300
$154.74
-4.03%
10/8/2012 $118.46 PP = $122.67
MB = $128.80
Most Recent Note - 3/19/2013 5:37:15 PM
G - Still hovering in a tight trading range near all-time highs, stubbornly holding its ground. Fundamental concerns were recently noted. Its 50 DMA line defines important near-term chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/25/2013. 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
MRLN - NASDAQ
Marlin Business Services
DIVERSIFIED SERVICES - Rental and Leasing Services  
$21.03 +0.06
0.29%

$21.44

22,430
99.25% of 50 DAV
50 DAV is 22,600
$23.08
-8.88%
3/15/2013 $22.29 PP = $23.18
MB = $24.34
Most Recent Note - 3/18/2013 5:51:50 PM
Y - Held its ground today following Friday's "negative reversal" and worrisome loss on above average volume. It was highlighted in yellow with pivot point cited based on its 9/21/12 high plus 10 cents in the 3/15/13 mid-day report (read here) and noted - "Disciplined investors may watch for subsequent volume-driven gains above the pivot point to trigger a technical buy signal before action may be justified under the fact-based investment system. Found support near its 200 DMA line in recent months and now rallying within close striking distance of its 52-week high. Recent quarterly comparisons through Dec '12 show strong earnings increases satisfying the C criteria. Annual earnings (A criteria) growth has improved following the downturn in FY '08 and '09." See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/15/2013. Click here.

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MWIV - NASDAQ
M W I Veterinary Supply
HEALTH SERVICES - Medical Instruments and; Supplies  
$132.30 +0.99
0.75%

$132.90

31,690
54.64% of 50 DAV
50 DAV is 58,000
$137.18
-3.56%
3/4/2013 $130.90 PP = $129.45
MB = $135.92
Most Recent Note - 3/18/2013 3:26:52 PM
Y - Tallying a gain today after dipping below its pivot point late last week. Disciplined investors limit loses by selling if ever any stock fall more than -7% from their purchase price.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/6/2013. Click here.

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N - NYSE
Netsuite Inc
DIVERSIFIED SERVICES - Business/Management Services  
$75.18 -0.63
-0.83%

$76.73

355,447
101.04% of 50 DAV
50 DAV is 351,800
$77.60
-3.12%
12/12/2012 $64.75 PP = $67.12
MB = $70.48
Most Recent Note - 3/15/2013 5:08:15 PM
G - Rose with above average volume today for another new 52-week and all-time high. Its 50 DMA line acted as support during the recent consolidation.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/1/2013. Click here.

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NSR - NYSE
Neustar Inc
TELECOMMUNICATIONS - Diversified Communication Serv  
$44.75 -0.25
-0.56%

$45.12

402,865
91.39% of 50 DAV
50 DAV is 440,800
$47.24
-5.27%
3/8/2013 $44.99 PP = $47.34
MB = $49.71
Most Recent Note - 3/15/2013 3:52:25 PM
Y - Erased the prior session's gain today, retreating near its 50 DMA line. Volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. The 2/21/13 low ($42.40) defines important near-term support where any subsequent deterioration would raise greater concerns and trigger a worrisome technical sell signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 2/27/2013. Click here.

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SLCA - NYSE
U S Silica Holdings Inc
CHEMICALS - Specialty Chemicals  
$22.70 -0.06
-0.26%

$23.72

2,160,899
239.22% of 50 DAV
50 DAV is 903,300
$28.50
-20.35%
2/26/2013 $22.23 PP = $21.50
MB = $22.58
Most Recent Note - 3/18/2013 3:25:01 PM
G - Tallying a volume-driven gain today. Halted its slide following a gap down on 3/14/13 after pricing a Secondary Offering while retreating on heavy volume after a spurt of volume-driven gains into new 52-week high territory. Previously noted - "Very extended from its prior base, but having rallied more than +20% in the first 2-3 weeks after its breakout, the investment system rules suggest holding such winners for a minimum of 8 weeks."
>>> The latest Featured Stock Update with an annotated graph appeared on 2/26/2013. 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
VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$71.44 +0.90
1.28%

$72.04

2,810,491
226.58% of 50 DAV
50 DAV is 1,240,400
$71.49
-0.07%
12/20/2012 $60.24 PP = $61.21
MB = $64.27
Most Recent Note - 3/19/2013 5:40:04 PM
G - Hit another new high with today's gain backed by more than 2 times average volume. Color code is changed to green after getting extended from the secondary buy point noted earlier. The 50 DMA line and recent low ($64.05 on 2/21/13) define important support areas to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 3/12/2013. Click here.

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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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