FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, August 11th, 2010

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AFTER MARKET UPDATE - WEDNESDAY, AUGUST 11TH, 2010

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Indices				NYSE			Nasdaq
DOW	-265.42	10,378.83	-2.49%	Volume	1,165,391,410	+19%	Volume	2,224,465,810	+11%
NASDAQ	-68.54	2,208.63	-3.01%	Advancers	353	11%	Advancers	290	11%
S&P 500	-31.59	1,089.47	-2.82%	Decliners	2,729	87%	Decliners	2,381	86%
Russell 2000	-25.97	620.39	-4.02%	52 Wk Highs	105		52 Wk Highs	10
S&P 600	-13.13	332.16	-3.80%	52 Wk Lows	67		52 Wk Lows	133

Distributional Damage Mounting While Leadership Wanes
Adam Sarhan, Contributing Writer,

The major averages got smacked on Wednesday after a weaker than expected manufacturing report was released from China and the US trade gap widened. Volume totals were reported higher on the NYSE and on the Nasdaq exchanges versus the prior session, which marked a second consecutive distribution day for the major averages. Decliners trumped advancers by approximately an 8-to-1 ratio on the NYSE and on the Nasdaq exchange. New 52-week highs easily outnumbered new 52-week lows on the NYSE but trailed new lows on the Nasdaq exchange. There were only 2 high-ranked companies from the CANSLIM.net Leaders List made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, down sharply from the 24 issues that appeared on the prior session.

Stocks fell in Asia and Europe after China released a weaker than expected manufacturing report. This led many to question whether or not China's strong economy will be able to offset weakness in other areas of the global recovery. On Tuesday, China said imports fell short of the Street's lofty expectations which also put pressure on the global recovery theme. In the US, the trade deficit unexpectedly grew in June to the highest level since October 2008. The report showed that consumer goods imports rose to a record level and exports fell. Fears of a global economic slowdown sent the US dollar soaring which also put pressure on a slew of dollar denominated assets (mainly stocks and commodities).

The technical action in the major averages has deteriorated significantly. Not all of the major averages managed to rally above their recent chart highs, and all have now sliced back below their respective 200-day moving average (DMA) lines. It is also worrisome to see the number of distribution days pile up in recent weeks which puts pressure on the current five-week rally. Trade accordingly.

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PICTURED: The tech-heavy Nasdaq Composite Index gapped down today and violated its 50-day and 200 DMA lines.

Weakness Drags All Groups Lower Including Defensive Areas
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financial shares were among widespread losses as the Bank Index ($BKX -4.32%) and Broker/Dealer Index ($XBD -3.67%) weighed on the major averages. Defensive areas gave "safe haven" investors no reward as the Gold & Silver Index ($XAU -2.60%) and Healthcare Index ($HMO -4.05%) tumbled. The tech sector was led lower by the Semiconductor Index ($SOX -4.26%), followed by unanimous losses for the Networking Index ($NWX -3.79%), Biotechnology Index ($BTK -3.45%), and Internet Index ($IIX -2.77%). The Retail Index ($RLX -2.02%) and energy-related shares rounded out Wednesday's solidly lower session as the Oil Services Index ($OSX -3.68%) and Integrated Oil Index ($XOI -3.26%) sank.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX -4.32%) fell toward recent lows. Any subsequent deterioration leading to technical damage would be a worrisome indication for the overall market because the major averages are especially vulnerable when financial stocks are weak. It will be important to the rally's success that financial stocks find support soon.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	178.57	-6.83	-3.68%	-8.39%
Healthcare	$HMO	1,497.49	-63.25	-4.05%	+1.67%
Integrated Oil	$XOI	984.83	-33.23	-3.26%	-7.81%
Semiconductor	$SOX	330.06	-14.68	-4.26%	-8.29%
Networking	$NWX	235.95	-9.29	-3.79%	+2.11%
Internet	$IIX	247.34	-7.05	-2.77%	+5.76%
Broker/Dealer	$XBD	105.29	-4.01	-3.67%	-8.48%
Retail	$RLX	405.85	-8.35	-2.02%	-1.28%
Gold & Silver	$XAU	170.72	-4.55	-2.60%	+1.47%
Bank	$BKX	46.25	-2.09	-4.32%	+8.29%
Biotech	$BTK	1,069.97	-38.21	-3.45%	+13.57%

Breakaway Gap On More Than Triple Average Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Fossil Inc (FOSL -$1.66 or -3.62% to $44.18) pulled back today and closed below its "max buy" level amid broad-based market weakness following a considerable "breakaway gap" for a new 52-week high and all-time high. It faces no resistance due to overhead supply after triggering a technical buy signal. FOSL was featured in yellow in the 8/10/10 mid-day report (read here). Sales revenues and earnings increases showed impressive acceleration in the 3 latest quarters (Dec '09, Mar and Jun '10) following a streak of 4 negative comparisons versus the year ago period. It is a promising looking outlier while a lack of leadership in the Retail/Wholesale - Jewelry group (L criteria) has been noted as a concern along with recent distributional action noted in the major averages. The M criteria argues that 3 out of 4 stocks will follow the direction of the major averages, so any additional technical weakness in the market would hurt its chances and might raise greater concerns.

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
AAPL - NASDAQ Apple Inc COMPUTER HARDWARE - Personal Computers	$250.19	-9.22 -3.55%	$255.69	22,083,100 87.23% of 50 DAV 50 DAV is 25,317,100	$279.01 -10.33%	6/17/2010	$270.95	PP = $272.56
								MB = $286.19
Most Recent Note - 8/11/2010 5:05:12 PM G - Gapped down today amid broad-based market weakness, slumping below its 50 DMA line and raising concerns. Color code is changed to green based on the deterioration, and it would need to rally above its recent high near $266 for its outlook to improve. Recent chart low ($239) defines an important support level. >>> The latest Featured Stock Update with an annotated graph appeared on 8/9/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
ABV - NYSE Comp De Bebidas Adr FOOD and BEVERAGE - Beverages - Brewers	$103.82	-1.95 -1.84%	$105.23	372,106 54.69% of 50 DAV 50 DAV is 680,400	$112.60 -7.80%	6/29/2010	$104.74	PP = $109.33
								MB = $114.80
Most Recent Note - 8/11/2010 5:09:25 PM G - This Brazil-based beverage firm closed under its 50 DMA line with a loss today on light volume. Color code is changed to green. It churned a lot of volume last week without making progress above prior chart highs. >>> The latest Featured Stock Update with an annotated graph appeared on 7/20/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
BIDU - NASDAQ Baidu Inc Ads INTERNET - Internet Information Providers	$84.23	-3.64 -4.14%	$86.35	11,789,235 101.11% of 50 DAV 50 DAV is 11,660,100	$88.32 -4.63%	7/14/2010	$75.03	PP = $78.59
								MB = $82.52
Most Recent Note - 8/11/2010 12:18:52 PM G - Gapped down from an all-time high today amid broad-based market weakness, pulling back toward its "max buy" level. Recently wedged above prior highs without great volume conviction. No overhead supply remains to act as resistance, and it could go on to produce more climactic gains. >>> The latest Featured Stock Update with an annotated graph appeared on 7/14/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
CACC - NASDAQ Credit Acceptance Corp FINANCIAL SERVICES - Credit Services	$58.14	-0.22 -0.38%	$58.21	57,790 110.92% of 50 DAV 50 DAV is 52,100	$59.75 -2.69%	7/29/2010	$52.04	PP = $54.07
								MB = $56.77
Most Recent Note - 8/11/2010 5:12:42 PM G - Stubbornly holding its ground today near its 52-week high after getting extended from its base with recent gains on above average volume. Prior highs in the $54 area define initial chart support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 8/2/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
CRM - NYSE Salesforce.Com Inc INTERNET - Internet Software and Services	$97.91	-3.74 -3.68%	$99.25	2,445,800 100.09% of 50 DAV 50 DAV is 2,443,500	$104.44 -6.25%	6/2/2010	$88.44	PP = $89.60
								MB = $94.08
Most Recent Note - 8/11/2010 11:57:11 AM G - Gapped down today from an all-time high amid broad-based market weakness after recently wedging above prior highs near $97 with gains lacking volume conviction. >>> The latest Featured Stock Update with an annotated graph appeared on 7/15/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| 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
DTSI - NASDAQ D T S Inc CONSUMER DURABLES - Electronic Equipment	$34.75	-1.29 -3.58%	$36.25	148,430 153.50% of 50 DAV 50 DAV is 96,700	$37.60 -7.58%	7/27/2010	$37.00	PP = $36.28
								MB = $38.09
Most Recent Note - 8/11/2010 5:15:51 PM G - Second consecutive loss today with above average volume, completely negating its recent breakout and sinking near its 50 DMA line. The high-ranked Consumer Products - Electronic firm's latest quarter ended June 30, 2010 showed earnings -67% on -28% sales revenues versus the year ago period. The fundamental flaw in its earnings history is very disappointing with respect to the C criteria now, and its color code was changed to green. >>> The latest Featured Stock Update with an annotated graph appeared on 7/27/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
FFIV - NASDAQ F 5 Networks Inc INTERNET - Internet Software and Services	$86.82	-5.41 -5.87%	$89.94	2,271,465 133.48% of 50 DAV 50 DAV is 1,701,700	$92.70 -6.34%	6/16/2010	$74.50	PP = $74.10
								MB = $77.81
Most Recent Note - 8/11/2010 11:31:33 AM G - Gapped down today amid broad-based market weakness, pulling back from all-time highs. Recently noted as -"extended from any sound base after recent volume-driven gains, it could go on to produce more climactic gains." >>> The latest Featured Stock Update with an annotated graph appeared on 8/4/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
FOSL - NASDAQ Fossil Inc CONSUMER DURABLES - Recreational Goods, Other	$44.18	-1.66 -3.62%	$45.12	714,241 85.90% of 50 DAV 50 DAV is 831,500	$46.30 -4.58%	8/10/2010	$45.54	PP = $42.69
								MB = $44.82
Most Recent Note - 8/11/2010 12:01:46 PM Y - Down today, pulling back below its "max buy" level amid broad-based market weakness following a considerable "breakaway gap" for a new 52-week high and all-time high. It faces no resistance due to overhead supply after triggering a technical buy signal. FOSL was featured in yellow in the 8/10/10 mid-day report (read here). Sales revenues and earnings increases showed impressive acceleration in the 3 latest quarters (Dec '09, Mar and Jun '10) following a streak of 4 negative comparisons versus the year ago period. The lack of leadership in the Retail/Wholesale - Jewelry group (L criteria) is a concern. >>> The latest Featured Stock Update with an annotated graph appeared on 8/11/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
MELI - NASDAQ Mercadolibre Inc INTERNET - Internet Software and; Services	$65.62	-2.19 -3.23%	$66.26	940,871 90.48% of 50 DAV 50 DAV is 1,039,900	$68.67 -4.44%	5/13/2010	$54.21	PP = $55.85
								MB = $58.64
Most Recent Note - 8/11/2010 5:20:51 PM G - Pulling back on light volume after gains on higher volume, it closed near its session high today. Consolidating after getting extended from any sound base, prior highs in the $62 area define initial chart support. >>> The latest Featured Stock Update with an annotated graph appeared on 7/23/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
MWIV - NASDAQ M W I Veterinary Supply HEALTH SERVICES - Medical Instruments and; Supplies	$48.17	-2.23 -4.42%	$50.43	128,006 174.40% of 50 DAV 50 DAV is 73,400	$54.48 -11.58%	7/29/2010	$52.05	PP = $52.09
								MB = $54.69
Most Recent Note - 8/11/2010 11:34:44 AM G - Violated its 50 DMA line with another considerable loss today raising concerns, and its color code is changed to green. Recent lows in the $46 area define the next chart support level below its short-term average. >>> The latest Featured Stock Update with an annotated graph appeared on 7/30/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| 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
NEM - NYSE Newmont Mining Corp METALS and MINING - Gold	$56.04	-1.36 -2.37%	$57.72	5,557,283 66.91% of 50 DAV 50 DAV is 8,305,500	$63.38 -11.58%	6/22/2010	$59.60	PP = $59.67
								MB = $62.65
Most Recent Note - 8/11/2010 5:27:14 PM G - Volume totals have been light while it has sputtered below its 50 DMA line for the past 2 weeks. Gains above that short-term average would help its outlook improve. >>> The latest Featured Stock Update with an annotated graph appeared on 8/6/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
NEOG - NASDAQ Neogen Corp DRUGS - Diagnostic Substances	$27.50	-0.76 -2.69%	$28.00	119,116 128.22% of 50 DAV 50 DAV is 92,900	$30.39 -9.51%	7/22/2010	$27.19	PP = $27.87
								MB = $29.26
Most Recent Note - 8/10/2010 1:12:49 PM Y - Pulling back toward prior highs in the $27 area defining near-term chart support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 7/22/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
NFLX - NASDAQ Netflix Inc SPECIALTY RETAIL - Music and Video Stores	$126.47	+1.46 1.17%	$128.41	10,191,256 284.83% of 50 DAV 50 DAV is 3,578,000	$127.96 -1.16%	8/10/2010	$124.05	PP = $124.00
								MB = $130.20
Most Recent Note - 8/11/2010 12:55:41 PM Y - Encountering some distributional pressure yet it touched a new all-time high today. Its 8/10/10 gain with more than 3 times average volume lifted it above the pivot point after an 8-week "double bottom" base, and it may be considered a late-stage technical breakout. Featured in yellow in the 8/10/10 mid-day report (read here) and it was recently noted in the 6/16/10 and 5/13/10 mid-day reports - "Look of a possible 'climax run' in the making. Since its latest strong quarterly report it has been noted as very strong in terms of key investment criteria. NFLX rebounded impressively since it was dropped from the Featured Stocks list on 6/02/09 based on persistent trading under its 50 DMA line. It was first featured in yellow at $37.13 in the 1/29/09 CANSLIM.net Mid-Day Breakouts Report (read here). " >>> The latest Featured Stock Update with an annotated graph appeared on 8/10/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
ROVI - NASDAQ Rovi Corp COMPUTER SOFTWARE andamp; SERVICES - Security Software andamp; Services	$42.19	-1.51 -3.46%	$42.94	700,315 58.75% of 50 DAV 50 DAV is 1,192,100	$44.96 -6.16%	6/3/2010	$38.70	PP = $40.16
								MB = $42.17
Most Recent Note - 8/11/2010 12:12:18 PM Y - Gapped down today amid broad-based market weakness, dipping under its "max buy" level toward recent chart lows. Color code is changed to yellow. Prior highs in the $40 area and its 50 DMA line define chart support. >>> The latest Featured Stock Update with an annotated graph appeared on 7/21/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
SHOO - NASDAQ Steven Madden Limited CONSUMER NON-DURABLES - Textile - Apparel Footwear	$36.00	-2.35 -6.13%	$37.56	666,328 161.14% of 50 DAV 50 DAV is 413,500	$40.98 -12.15%	8/5/2010	$39.55	PP = $41.08
								MB = $43.13
Most Recent Note - 8/11/2010 11:40:28 AM Y - Gapped down today amid broad-based market weakness, forming a handle after a 16-week cup shaped pattern. A technical breakout above the $40 threshold would trigger a buy signal, meanwhile it is ideal for disciplined investors' watchlists. >>> The latest Featured Stock Update with an annotated graph appeared on 8/5/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| 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
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$22.95	-1.14 -4.73%	$23.90	495,606 68.81% of 50 DAV 50 DAV is 720,300	$26.75 -14.21%	8/4/2010	$24.90	PP = $26.85
								MB = $28.19
Most Recent Note - 8/11/2010 11:43:11 AM G - Today's 7th consecutive loss has led to a 50 DMA line violation and its color code is changed to green. It would need to rally above the new pivot point cited with volume conviction to trigger a proper technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 7/19/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
VIT - NYSE Vanceinfo Tech Inc Ads COMPUTER SOFTWARE and SERVICES - Business Software and Services	$26.30	-1.49 -5.36%	$27.53	688,687 140.49% of 50 DAV 50 DAV is 490,200	$27.96 -5.94%	7/8/2010	$25.20	PP = $26.58
								MB = $27.91
Most Recent Note - 8/11/2010 11:45:46 AM Y - Pulling back considerably today amid broad-based market weakness after recently wedging to new all-time highs with gains on lighter than average volume. It has not triggered a confirming buy signal with volume yet since featured in the 7/08/10 mid-day report. Its 7/29/10 low ($24.55) defines initial support above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 7/26/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M

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