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AFTER MARKET UPDATE - TUESDAY, SEPTEMBER 14TH, 2010
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Indices NYSE Nasdaq
DOW  -17.64 10,526.49 -0.17% Volume 923,065,130 -1% Volume 2,011,736,260 +5%
NASDAQ +4.06 2,289.77 +0.18% Advancers 1,369 45% Advancers 1,108 40%
S&P 500 -0.80 1,121.10 -0.07% Decliners 1,581 51% Decliners 1,486 54%
Russell 2000 -3.05 649.23 -0.47% 52 Wk Highs 202   52 Wk Highs 81  
S&P 600 -1.35 346.10 -0.39% 52 Wk Lows 3   52 Wk Lows 27  

Major Indices End Mixed And Little Changed

Stocks ended mixed after August's retail sales topped estimates and gold surged to a fresh all-time high. Tuesday's volume totals were reported slightly lower on the NYSE and slightly higher on the Nasdaq exchange compared to Monday's levels. Decliners led advancers by a small margin on the NYSE and by nearly a 3-to-2 ratio on the Nasdaq exchange. New 52-week highs easily outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. There were 69 high-ranked companies from the CANSLIM.net Leaders List made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, lower than the 77 issues that appeared on the prior session.

Stocks in Europe were under pressure before Tuesday's open after a report showed economic growth in the Euro zone was slowing. In the US, retail sales topped estimates and rose by the largest pace in five months. The Commerce Department said total retail sales swelled by +0.4% following a revised +0.3% rise in July. This was the second consecutive monthly gain and bodes well for the economic recovery.  

Tuesday's action was considered normal after Monday's large gain. Overall, the action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) remains healthy. Looking forward, the window is now open for disciplined investors to begin carefully buying high-ranked stocks again. It was encouraging to see a flurry of high-ranked leaders trigger fresh technical buy signals and break out of sound bases in recent sessions. All the major averages rallied above their respective 200-day moving average (DMA) lines this week, which is another encouraging sign. The next important resistance level the major averages are facing is their respective summer highs.

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PICTURED: The Dow Jones Industrial Average rallied above its 200 DMA line this week, and it faces near-term resistance at its prior chart high.




Gold & Silver Index Rallies to New 2010 High

Retail Index ($RLX +1.21%) posted a solid gain but the financial group was a negative influence on Tuesday as the Bank Index ($BKX -1.35%) and Broker/Dealer Index ($XBD -0.82%) fell. The Semiconductor Index ($SOX +1.71%) led the tech sector higher and the Networking Index ($NWX +0.74%) posted a small gain as the Internet Index ($IIX +0.11%) edged higher.  The Oil Services Index ($OSX -0.55%) suffered a small loss as the Integrated Oil Index ($XOI +0.18%) edged higher. The Biotechnology Index ($BTK -0.13%) and Healthcare Index ($HMO -0.10%) ended with small losses. 

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU +2.73%) hit a new 2010 high, approaching its Dec '09 highs.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  188.61 -1.05 -0.55% -3.24%
Healthcare $HMO  1,564.38 -1.57 -0.10% +6.21%
Integrated Oil $XOI  1,000.15 +1.83 +0.18% -6.37%
Semiconductor $SOX  332.76 +5.59 +1.71% -7.54%
Networking $NWX  242.61 +1.79 +0.74% +5.00%
Internet $IIX  265.28 +0.29 +0.11% +13.43%
Broker/Dealer $XBD  105.40 -0.87 -0.82% -8.38%
Retail $RLX  436.46 +5.20 +1.21% +6.16%
Gold & Silver $XAU  190.70 +5.07 +2.73% +13.34%
Bank $BKX  47.33 -0.65 -1.35% +10.82%
Biotech $BTK  1,146.18 -1.47 -0.13% +21.66%


Gap Up Gain With Nearly Twice Average Volume

Newmont Mining Corporation's (NEM +$2.43 or +4.02% to $62.85) gapped up today, rallying with nearly twice its average volume for a considerable gain.  It traded above its pivot point and hit a new 52-week high, yet closed below its pivot point near the middle of its intra-day trading range.  No overhead supply remains to hinder its progress.  Confirming gains with above average volume would be a reassuring sign in the days ahead.  The C and A criteria are satisfied as the company has demonstrated solid quarterly sales revenues and earnings increases (above the +25% minimum guideline) in recent comparisons and it has a good annual earnings history.

Buyable breakouts require that the stock rise above its pivot point with considerable gains and those gains must be backed by a minimum of at least +40%-50% above average volume, ideally much more. Pyramiding into a position may be the most prudent way to let the market action dictate investors' entries. As always, it is of the utmost importance to sell a stock if it drops 7-8% below your purchase price. 

Leadership in the Mining - Gold/Silver/Gems group (L criteria) is encouraging, and there are other high-ranked leaders from the group currently listed on the Featured Stocks page. Many other gold mining interests are headquartered overseas which increases their potential pitfalls due to geopolitical shifts.


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
ABV - NYSE
Comp De Bebidas Adr
FOOD and BEVERAGE - Beverages - Brewers  
$118.95 +3.00
2.59%

$119.52

618,470
97.94% of 50 DAV
50 DAV is 631,500
$116.76
1.88%
6/29/2010 $104.74 PP = $109.33
MB = $114.80
Most Recent Note - 9/14/2010 2:29:44 PM
G - This Brazil-based beverage firm has rallied to another new all-time high today with its 6th consecutive gain on near average or light volume. Prior highs in the $111-112 area define support above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/18/2010. Click here.

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ARUN - NASDAQ
Aruba Networks Inc
COMPUTER HARDWARE - Networking andamp; Communication Dev  
$20.00 -0.27
-1.33%

$20.48

2,364,540
129.75% of 50 DAV
50 DAV is 1,822,400
$20.44
-2.15%
8/30/2010 $18.12 PP = $18.51
MB = $19.44
Most Recent Note - 9/13/2010 12:38:55 PM
G - Hitting yet another new 52-week high after gapping up today, getting more extended from its latest base. Prior highs near $18 define chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/2/2010. Click here.

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BIDU - NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers  
$86.33 +0.07
0.08%

$87.40

6,563,132
67.19% of 50 DAV
50 DAV is 9,768,100
$88.32
-2.25%
7/14/2010 $75.03 PP = $78.59
MB = $82.52
Most Recent Note - 9/13/2010 5:20:05 PM
Y - Gapped up today for a gain with near average volume. Its recent rally from its 10-week average may be considered a secondary buy point. However, it may be considered "late-stage" and riskier than fresh technical breakouts.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/13/2010. Click here.

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CACC - NASDAQ
Credit Acceptance Corp
FINANCIAL SERVICES - Credit Services  
$60.49 +0.76
1.27%

$60.91

87,691
180.43% of 50 DAV
50 DAV is 48,600
$61.41
-1.50%
7/29/2010 $52.04 PP = $54.07
MB = $56.77
Most Recent Note - 9/14/2010 12:36:22 PM
G - Gain today with above average volume has lifted it within -1.3% of its 52-week high. Volume has cooled in recent weeks while building a short flat base in a tight trading range. Its 50 DMA line and recent chart low coincide near $56, defining an important chart support level.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/2/2010. Click here.

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CMG - NYSE
Chipotle Mexican Grill
LEISURE - Restaurants  
$168.52 +0.15
0.09%

$170.00

785,167
110.82% of 50 DAV
50 DAV is 708,500
$169.18
-0.39%
9/1/2010 $158.31 PP = $155.52
MB = $163.30
Most Recent Note - 9/10/2010 3:58:04 PM
G - Gain today with below average volume, closing above its "max buy" level, and its color code is changed to green again. Technically, it broke out on 9/01/10, rallying to multi-year highs with a considerable gain backed 2 times average volume.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/1/2010. 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
CRM - NYSE
Salesforce.Com Inc
INTERNET - Internet Software and Services  
$117.78 -0.81
-0.68%

$118.88

2,967,498
114.03% of 50 DAV
50 DAV is 2,602,300
$122.00
-3.46%
6/2/2010 $88.44 PP = $89.60
MB = $94.08
Most Recent Note - 9/9/2010 6:21:09 PM
G - Pulling back today after early gains for a new all-time high. It is extended from a sound base, not currently buyable under the investment system guidelines.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/16/2010. Click here.

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EGO - NYSE
Eldorado Gold Corp
METALS and MINING - Gold  
$19.85 +0.84
4.42%

$20.15

7,187,481
175.53% of 50 DAV
50 DAV is 4,094,800
$20.06
-1.05%
8/19/2010 $18.25 PP = $19.17
MB = $20.13
Most Recent Note - 9/14/2010 12:51:16 PM
Y - Gapped up today, posting a solid gain with above average volume amid widespread strength and leadership in the group. Approaching its "max buy" level and 52-week high.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/19/2010. Click here.

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FFIV - NASDAQ
F 5 Networks Inc
INTERNET - Internet Software and Services  
$98.66 -0.21
-0.21%

$100.17

1,798,365
108.34% of 50 DAV
50 DAV is 1,659,900
$99.72
-1.06%
6/16/2010 $74.50 PP = $74.10
MB = $77.81
Most Recent Note - 9/13/2010 3:47:38 PM
G - Considerable gain after gapping up today, hitting a new all-time high. Upward trendline connecting July-August lows defines an initial chart support level well above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2010. Click here.

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FOSL - NASDAQ
Fossil Inc
CONSUMER DURABLES - Recreational Goods, Other  
$51.49 +0.49
0.96%

$51.94

788,643
102.31% of 50 DAV
50 DAV is 770,800
$51.34
0.29%
8/10/2010 $45.54 PP = $42.69
MB = $44.82
Most Recent Note - 9/14/2010 3:57:02 PM
G - Gain today with average volume for another new all-time high. Extended from any sound base after a recent streak of gains, its prior high in the $46 area defines support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/11/2010. Click here.

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GMCR - NASDAQ
Green Mtn Coffee Roastrs
FOOD and BEVERAGE - Processed and Packaged Goods  
$34.59 -0.65
-1.84%

$35.15

2,107,107
90.85% of 50 DAV
50 DAV is 2,319,300
$35.94
-3.76%
8/17/2010 $33.62 PP = $33.30
MB = $34.97
Most Recent Note - 9/13/2010 12:53:35 PM
G - Gapped up again today and hit yet another new all-time high. Trading beyond its "max buy" level, its color code is changed to green.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/17/2010. 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
HS - NYSE
Healthspring Inc
HEALTH SERVICES - Health Care Plans  
$22.87 +0.07
0.31%

$23.22

910,333
146.71% of 50 DAV
50 DAV is 620,500
$23.47
-2.56%
8/27/2010 $19.91 PP = $19.75
MB = $20.74
Most Recent Note - 9/14/2010 5:22:22 PM
G - Holding its ground near its 52-week high and all-time high. Extended from its prior base, support to watch now is prior chart highs in the $19-20 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/27/2010. Click here.

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IGTE - NASDAQ
Igate Corp
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$18.49 -0.06
-0.32%

$18.80

468,004
125.13% of 50 DAV
50 DAV is 374,000
$18.67
-0.96%
9/8/2010 $17.29 PP = $18.26
MB = $19.17
Most Recent Note - 9/14/2010 5:27:02 PM
Y - Held its ground today. Technically, its gain above its pivot point and strong close on 9/13/10 with +90% above average volume triggered a buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/10/2010. Click here.

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MELI - NASDAQ
Mercadolibre Inc
INTERNET - Internet Software and; Services  
$73.77 -0.81
-1.09%

$74.45

633,787
73.63% of 50 DAV
50 DAV is 860,800
$74.78
-1.35%
5/13/2010 $54.21 PP = $55.85
MB = $58.64
Most Recent Note - 9/13/2010 5:08:44 PM
G - Gain today on average volume for another new high, getting more extended from a sound base. Prior highs in the $62 area and its 50 DMA line define chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/26/2010. Click here.

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MRX - NYSE
Medicis Pharmaceut Cl A
DRUGS - Biotechnology  
$29.08 +0.47
1.64%

$29.48

1,629,859
133.44% of 50 DAV
50 DAV is 1,221,400
$30.00
-3.07%
8/12/2010 $26.88 PP = $26.71
MB = $28.05
Most Recent Note - 9/14/2010 2:57:40 PM
G - Rising near its 52-week high with today's gain. Recently consolidating above prior highs in the $28 area that define an initial chart support level to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/12/2010. Click here.

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MWIV - NASDAQ
M W I Veterinary Supply
HEALTH SERVICES - Medical Instruments and; Supplies  
$55.97 +1.96
3.63%

$56.72

68,040
92.32% of 50 DAV
50 DAV is 73,700
$55.93
0.07%
7/29/2010 $52.05 PP = $52.09
MB = $54.69
Most Recent Note - 9/14/2010 3:54:42 PM
G - Today's gain without great volume conviction has it trading above its "max buy" level and the color code is changed to green. Its 50 DMA line defines important chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/7/2010. 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
NEM - NYSE
Newmont Mining Corp
METALS and MINING - Gold  
$62.85 +2.43
4.02%

$64.03

12,072,385
183.98% of 50 DAV
50 DAV is 6,561,700
$63.38
-0.84%
8/31/2010 $61.32 PP = $63.48
MB = $66.65
Most Recent Note - 9/14/2010 1:13:37 PM
Y - Gapped up today, rallying with above average volume for a considerable gain above its pivot point. It hit a new 52-week high, and no overhead supply remains to hinder its progress. Leadership in the Mining - Gold/Silver/Gems group (L criteria) is a nice reassurance.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/14/2010. Click here.

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NEOG - NASDAQ
Neogen Corp
DRUGS - Diagnostic Substances  
$31.72 -0.15
-0.47%

$32.21

49,037
51.62% of 50 DAV
50 DAV is 95,000
$32.42
-2.16%
9/1/2010 $30.79 PP = $30.49
MB = $32.01
Most Recent Note - 9/13/2010 5:13:17 PM
Y- Gain today with light volume for its second best close ever. Technically, its 9/01/10 gain above the new pivot point cited triggered a buy signal after an orderly 5-week base-on-base pattern.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/20/2010. Click here.

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NFLX - NASDAQ
Netflix Inc
SPECIALTY RETAIL - Music and Video Stores  
$146.65 -1.29
-0.87%

$148.85

2,915,619
61.75% of 50 DAV
50 DAV is 4,721,600
$149.95
-2.20%
8/10/2010 $124.05 PP = $124.00
MB = $130.20
Most Recent Note - 9/14/2010 4:16:00 PM
G - Hovering at its all-time high with volume totals cooling for the past week. No resistance remains to hinder its progress.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/10/2010. Click here.

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NTAP - NASDAQ
Netapp Inc
COMPUTER HARDWARE - Data Storage Devices  
$48.12 +0.02
0.04%

$49.06

10,998,299
149.28% of 50 DAV
50 DAV is 7,367,800
$48.22
-0.21%
9/8/2010 $46.98 PP = $44.99
MB = $47.24
Most Recent Note - 9/14/2010 5:20:39 PM
G - Hit another new 52-week high today but closed in the lower half of its intra-day range. Support to watch is at prior chart highs near its latest pivot point.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/8/2010. Click here.

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PAY - NYSE
Verifone Systems Inc
COMPUTER HARDWARE - Transaction Automation Systems  
$27.71 +0.46
1.69%

$28.00

1,466,859
117.88% of 50 DAV
50 DAV is 1,244,400
$27.52
0.69%
8/25/2010 $24.30 PP = $23.74
MB = $24.93
Most Recent Note - 9/13/2010 5:15:21 PM
G - Gapped up today a posted a gain with above average volume for a new 52-week high, getting more extended from a sound base.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2010. 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
ROVI - NASDAQ
Rovi Corp
COMPUTER SOFTWARE andamp; SERVICES - Security Software andamp; Services  
$44.25 -0.54
-1.21%

$45.77

2,155,133
188.72% of 50 DAV
50 DAV is 1,142,000
$45.47
-2.68%
8/31/2010 $43.31 PP = $45.06
MB = $47.31
Most Recent Note - 9/14/2010 1:15:51 PM
Y - Technically, it has not broken out from the recently noted base-on-base type pattern. It touched another new 52-week high today. Its 50 DMA line defines near-term support.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/24/2010. Click here.

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SHOO - NASDAQ
Steven Madden Limited
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$38.02 -0.26
-0.68%

$38.25

434,899
103.03% of 50 DAV
50 DAV is 422,100
$40.98
-7.22%
8/5/2010 $39.55 PP = $41.08
MB = $43.13
Most Recent Note - 9/13/2010 10:53:40 AM
Y - Gapped up today. Volume totals have cooled while recently consolidating. Gains above the pivot point previously cited are still needed to confirm a proper technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/5/2010. Click here.

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SLW - NYSE
Silver Wheaton Corp
METALS and; MINING - Silver  
$24.74 +0.95
3.99%

$25.34

9,795,928
208.59% of 50 DAV
50 DAV is 4,696,200
$24.72
0.08%
8/25/2010 $21.40 PP = $21.99
MB = $23.09
Most Recent Note - 9/14/2010 1:19:37 PM
G - Gapped up today, posting a considerable gain with above average volume for a new all-time high. Rallying amid strong gains in the group, but getting even more extended from a sound base. The previous highs in the $21 area are now a support level to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/25/2010. Click here.

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UA - NYSE
Under Armour Inc Cl A
CONSUMER NON-DURABLES - Textile - Apparel Clothing  
$42.21 +1.30
3.18%

$42.58

1,672,919
242.84% of 50 DAV
50 DAV is 688,900
$41.00
2.95%
9/9/2010 $39.99 PP = $40.10
MB = $42.11
Most Recent Note - 9/14/2010 11:05:02 AM
Y - Today it hit another new 52-week high with its 10th consecutive gain since finding recent support near its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/9/2010. Click here.

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ULTA - NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other  
$28.59 +0.94
3.40%

$29.25

1,039,288
169.21% of 50 DAV
50 DAV is 614,200
$27.70
3.21%
9/3/2010 $26.36 PP = $25.89
MB = $27.18
Most Recent Note - 9/14/2010 1:23:52 PM
G - Considerable gain today, hitting another new 52-week high. Its color code was changed to green after getting extended from its latest base.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/3/2010. 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
VIT - NYSE
Vanceinfo Tech Inc Ads
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$29.13 +0.15
0.52%

$29.71

535,808
98.88% of 50 DAV
50 DAV is 541,900
$30.50
-4.49%
7/8/2010 $25.20 PP = $26.58
MB = $27.91
Most Recent Note - 9/13/2010 5:24:17 PM
G - Pulling back with higher volume today and closed near the session low, enduring mild distributional pressure.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/31/2010. Click here.

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WCRX - NASDAQ
Warner Chilcott Plc
DRUGS - Drug Manufacturers - Other  
$21.94 -0.05
-0.23%

$22.09

1,377,858
58.48% of 50 DAV
50 DAV is 2,356,100
$30.57
-28.23%
8/23/2010 $29.54 PP = $29.34
MB = $30.81
Most Recent Note - 9/9/2010 6:53:33 PM
Y - Volume was heavy today as it rallied to a new all-time high. Price data will be adjusted to account for a "quirky" dividend effective as of today's trading. WCRX was featured in yellow in the mid-day report on 8/23/10 rising from a cup shaped base.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/23/2010. Click here.

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