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AFTER MARKET UPDATE - THURSDAY, SEPTEMBER 20TH, 2012
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Indices NYSE Nasdaq
DOW  +18.97 13,596.93 +0.14% Volume 678,495,380 +5% Volume 1,763,275,500 -1%
NASDAQ -6.66 3,175.96 -0.21% Advancers 1,182 38% Advancers 909 36%
S&P 500 -0.79 1,460.26 -0.05% Decliners 1,821 58% Decliners 1,524 60%
Russell 2000 -4.57 851.51 -0.53% 52 Wk Highs 133   52 Wk Highs 92  
S&P 600 -2.52 476.53 -0.53% 52 Wk Lows 12   52 Wk Lows 23  

Major Averages Rebounded From Lows to End Mixed and Little Changed

The major averages finished mixed at the closing bell on Thursday. The volume totals were reported slightly higher on the NYSE and near the prior session total the Nasdaq exchange. Decliners led advancers by a 3-2 ratio on the NYSE and on the Nasdaq exchange. The total number of new 52-week highs still outnumbered new 52-week lows on the NYSE on the Nasdaq exchange. There were 41 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down from the prior session total of 64 stocks. There were gains for 12 of the 22 high-ranked companies currently included on the Featured Stocks Page.

 

The indices ended near their best levels of the day, albeit with mixed results. Stocks pared their losses throughout the session despite weaker-than-expected global economic data. Reports out of Asia showed Chinese manufacturing contracting for an 11th straight month and Japanese exports falling for a third month. On our shores, unemployment data fell short of expectations with weekly jobless claims coming in higher than projections.

Five of the 10 sectors on the S&P finished lower. Industrial stocks were the worst performers with Caterpillar Inc (CAT -1.49%) among those giving up ground. In other news, Starbucks Corp (SBUX +2.15%) rallied after the company launched its proprietary brand of single serve coffees. Real estate website Trulia Inc (TRLA +41.81%) rallied for a big gain in their market debut after the stock priced above its anticipated offering range.

The M criteria is still favorable as the major indices have maintained their previously confirmed rally with a healthy level of leadership (stocks hitting new 52-week highs).

Watch for an announcement soon via email concerning new monthly webcasts and a new "Market's Leading Groups" archives tab soon to be added on the Premium Member Homepage. These changes are aimed at satisfying member requests and improving the service.  We are sorry for the delay while working out the final programming necessary and we appreciate you patience.  If you have questions, comments or suggestions please let us know via the inquiry form here.  The most recent WEBCAST (Q2 2012) is available "ON DEMAND" - CLICK HERE

PICTURED: The Dow Jones Industrial Average has been stubbornly holding its ground and closed at its best level of 2012. It finished Thursday's session +11.3% year-to-date, and it is now perched only -4.3% off its all-time high from October 2007.


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.


Broker/Dealer Index Had Trouble at 200-Day Moving Average

Weakness in the influential financial group limited the major indices ability to rally as the Broker/Dealer Index ($XBD -1.85%) and Bank Index ($BKX -0.67%) created a drag on the market.  The Semiconductor Index ($SOX -0.98%) and Networking Index ($NWX -0.90%) led the tech sector lower, followed by the Internet Index ($IIX -0.31%) and a small gain for the Biotechnology Index ($BTK +0.39%). Commodity-linked groups edged lower as the Gold & Silver Index ($XAU -0.70%) and Oil Services Index ($OSX -0.39%) fell and the Integrated Oil Index ($XOI +0.11%) eked out a small gain.  The Retail Index ($RLX -0.21%) and Healthcare Index ($HMO -0.19%) also edged lower.

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD -1.85%) has suffered 4 consecutive losses since meeting resistance at its 200-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  231.77 -0.90 -0.39% +7.16%
Healthcare $HMO  2,397.63 -4.47 -0.19% +5.08%
Integrated Oil $XOI  1,280.71 +1.41 +0.11% +4.20%
Semiconductor $SOX  394.63 -3.90 -0.98% +8.28%
Networking $NWX  217.41 -1.98 -0.90% +1.05%
Internet $IIX  324.29 -1.02 -0.31% +15.10%
Broker/Dealer $XBD  85.18 -1.60 -1.85% +2.29%
Retail $RLX  665.66 -1.43 -0.21% +27.23%
Gold & Silver $XAU  193.50 -1.37 -0.70% +7.12%
Bank $BKX  50.45 -0.34 -0.67% +28.11%
Biotech $BTK  1,584.88 +6.08 +0.39% +45.21%


Volume Light While Consolidating Under "Max Buy" Level

Transdigm Group Inc (TDG -$0.98 or -0.69% to $142.07) is perched only -2.8% off its all-time high. It pulled back on light volume and finished below its "max buy" level today, and its color code is changed to yellow. Prior highs along with its 50-day moving average (DMA) line define near-term chart support areas to watch on pullbacks where subsequent violations may raise concerns and trigger technical sell signals.

The high-ranked Aerospace/Defense firm's last appearance in this FSU section was on 8/17/12 with an annotated graph under the headline, "Finish Above New Pivot Point Backed By 86% Above Average Volume", as it posted a 7th consecutive gain while hitting new 52-week and all-time highs. Since then it stubbornly held its ground and went on to rally further into new high territory without hardly looking back.

The number of top-rated funds owning its share rose from 387 in Sep '11 to 470 in Jun '12, a reassuring trend concerning the I criteria.  It reported earnings +55% on +42% sales revenues for the quarter ended June 30, 2012 versus the year ago period. Earnings comparisons above the +25% minimum guideline for earnings growth have solidly satisfied the C criteria. Its strong annual earnings history also satisfies the A criteria. In recent years it had rebounded and rallied to new highs following a deep consolidation after it was dropped from the Featured Stocks list 1/17/08. Members may review prior analysis via the "view all notes" link on any stocks highlighted in CANSLIM.net reports.


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
ALXN - NASDAQ
Alexion Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$113.73 -0.24
-0.21%

$114.24

571,894
47.99% of 50 DAV
50 DAV is 1,191,800
$114.37
-0.56%
8/23/2012 $103.70 PP = $110.06
MB = $115.56
Most Recent Note - 9/18/2012 5:45:29 PM
Y - Volume totals have been below average for the past 4 sessions while wedging into new 52-week high territory. Gains above a stock's pivot point backed by a minimum of +40% above average volume are necessary to trigger a proper technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/23/2012. Click here.

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ASPS - NASDAQ
Altisource Ptf Sltns Sa
REAL ESTATE - Property Management/Developmen  
$90.46 +1.00
1.12%

$90.61

78,949
61.25% of 50 DAV
50 DAV is 128,900
$92.29
-1.98%
6/5/2012 $60.01 PP = $63.00
MB = $66.15
Most Recent Note - 9/17/2012 3:58:14 PM
G - Quietly consolidating in a tight range perched -2.5% from its all-time high today. Recent lows define near-term support along with its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/11/2012. Click here.

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CFNL - NASDAQ
Cardinal Financial Corp
BANKING - Regional - Southeast Banks  
$14.34 -0.08
-0.55%

$14.36

49,546
78.03% of 50 DAV
50 DAV is 63,500
$14.53
-1.31%
8/17/2012 $12.84 PP = $13.31
MB = $13.98
Most Recent Note - 9/19/2012 12:32:21 PM
G - Today's 7th consecutive gain helped it touch another new 52-week high, getting more extended from its prior base. Prior highs and its 50 DMA line define support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/21/2012. Click here.

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CMCSA - NASDAQ
Comcast Corp Cl A
MEDIA - CATV Systems  
$35.95 +0.57
1.61%

$35.97

14,726,846
117.64% of 50 DAV
50 DAV is 12,518,200
$35.45
1.41%
6/11/2012 $29.94 PP = $30.98
MB = $32.53
Most Recent Note - 9/19/2012 6:20:18 PM
G - Gain today with +37% above average volume while matching its 52-week high and closing at its best finish of the year. Wedging out of an orderly flat base without especially great volume conviction. No new pivot point was being cited because fundamental concerns were raised by sub par sales and earnings growth in the Jun '12 quarter.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/15/2012. Click here.

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DVA - NYSE
Davita Inc
HEALTH SERVICES - Specialized Health Services  
$98.66 +0.09
0.09%

$98.75

503,126
74.77% of 50 DAV
50 DAV is 672,900
$103.97
-5.11%
9/5/2012 $102.92 PP = $100.62
MB = $105.65
Most Recent Note - 9/14/2012 4:38:26 PM
Y - Enduring mild distributional pressure while consolidating above its 50 DMA line. A subsequent gain for a new high close above its pivot point backed by +40% above average volume is the bare minimum volume needed to trigger a technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/5/2012. 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
ECPG - NASDAQ
Encore Capital Group Inc
FINANCIAL SERVICES - Credit Services  
$29.22 -0.95
-3.15%

$30.13

138,399
113.72% of 50 DAV
50 DAV is 121,700
$30.91
-5.47%
8/3/2012 $29.91 PP = $30.45
MB = $31.97
Most Recent Note - 9/20/2012 5:33:36 PM
Y - Slumped back below its pivot point today and finished near the session low with a loss on slightly higher volume indicating distributional pressure and raising some concerns. Disciplined investors always limit losses if ever a stock falls more than -7% from their purchase price.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/12/2012. Click here.

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EXPE - NASDAQ
Expedia Inc
INTERNET - Internet Information Providers  
$57.09 +0.93
1.66%

$57.18

2,290,129
69.29% of 50 DAV
50 DAV is 3,305,100
$59.50
-4.05%
4/27/2012 $41.80 PP = $35.57
MB = $37.35
Most Recent Note - 9/19/2012 6:16:46 PM
G - Consolidating above its 50 DMA line defining important near-term chart support. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/19/2012. Click here.

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GPX - NYSE
G P Strategies Corp
DIVERSIFIED SERVICES - Education and Training Services  
$19.68 -0.23
-1.16%

$19.92

38,770
54.53% of 50 DAV
50 DAV is 71,100
$20.67
-4.79%
6/29/2012 $18.01 PP = $18.15
MB = $19.06
Most Recent Note - 9/20/2012 5:54:45 PM
G - Still consolidating in a very tight trading range perched -4.8% off its 52-week high today with volume totals cooling. It may be forming a base-on-base pattern, meanwhile its prior highs and its 50 DMA line define chart support in the $18 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2012. Click here.

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KH - NYSE
China Kanghui Hldgs Ads
HEALTH SERVICES - Medical Appliances and Equipment  
$25.10 +0.02
0.08%

$25.40

12,372
42.52% of 50 DAV
50 DAV is 29,100
$27.47
-8.63%
8/30/2012 $24.19 PP = $22.90
MB = $24.05
Most Recent Note - 9/17/2012 3:56:18 PM
G - Consolidating in a healthy fashion above prior highs defining chart support above its 50 DMA line. It is extended from its prior base.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/30/2012. Click here.

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LKQ - NASDAQ
L K Q Corp
WHOLESALE - Auto Parts  
$18.90 +0.16
0.85%

$18.97

1,060,917
81.59% of 50 DAV
50 DAV is 1,300,300
$20.02
-5.57%
8/9/2012 $37.93 PP = $37.44
MB = $39.31
Most Recent Note - 9/19/2012 8:59:35 AM
Y - Do not be confused by a 2:1 share split effective before the market open today (Featured Price, Pivot Point and Max Buy will be adjusted soon to account for the split). Loss on the prior session with more than twice average volume indicated distributional pressure as it sank near prior highs and its 50 DMA line previously noted as important chart support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/17/2012. 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
LNKD - NYSE
Linkedin Corp Class A
INTERNET - Internet Information Providers  
$122.78 +0.27
0.22%

$123.50

1,129,468
45.30% of 50 DAV
50 DAV is 2,493,100
$125.50
-2.17%
9/5/2012 $113.25 PP = $113.10
MB = $118.76
Most Recent Note - 9/14/2012 4:08:27 PM
G - Hit new 52-week and all-time highs today with a gain backed by above average volume. Prior highs near $113 define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/6/2012. Click here.

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MIDD - NASDAQ
Middleby Corp
MANUFACTURING - Diversified Machinery  
$117.01 +0.00
0.00%

$117.31

37,441
36.42% of 50 DAV
50 DAV is 102,800
$122.57
-4.54%
8/9/2012 $118.60 PP = $104.92
MB = $110.17
Most Recent Note - 9/18/2012 5:25:56 PM
G - Perched -3.3% off its 52-week high today. Extended from its prior base, and its 50 DMA line and recent lows define near-term chart support to watch. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/18/2012. Click here.

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N - NYSE
Netsuite Inc
DIVERSIFIED SERVICES - Business/Management Services  
$61.76 -0.75
-1.20%

$62.48

360,538
56.34% of 50 DAV
50 DAV is 639,900
$63.25
-2.36%
8/20/2012 $55.88 PP = $59.32
MB = $62.29
Most Recent Note - 9/18/2012 5:47:10 PM
Y - Holding its ground near its 52-week high today. Rally above its pivot point with +85% above average volume on 9/12/12 triggered a new (or add-on) technical buy signal. Its 50 DMA line defines important near-term support.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/20/2012. Click here.

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NSM - NYSE
Nationstar Mtg Hldgs Inc
FINANCIAL SERVICES - Credit Services  
$31.08 +0.53
1.73%

$31.80

1,116,754
129.60% of 50 DAV
50 DAV is 861,700
$31.32
-0.77%
8/29/2012 $27.96 PP = $28.85
MB = $30.29
Most Recent Note - 9/20/2012 5:50:01 PM
G - Rallied to a new 52-week high above its "max buy" level today and its color code is changed to green. Its prior gain with nearly 4 times average volume triggered a technical buy signal. Disciplined investors avoid chasing stocks more than +5% above their pivot point.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/7/2012. Click here.

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OSIS - NASDAQ
O S I Systems Inc
ELECTRONICS - Semiconductor Equipment and Mate  
$76.99 +0.56
0.73%

$77.07

135,377
117.92% of 50 DAV
50 DAV is 114,800
$77.30
-0.40%
9/5/2012 $74.39 PP = $75.10
MB = $78.86
Most Recent Note - 9/18/2012 5:34:10 PM
Y - Today's gain with +55% above average volume and a strong close above its pivot point clinched a new (or add-on) technical buy signal. Near term support is at its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/14/2012. 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
RNF - NYSE
Rentech Nitrogen Ptnr Lp
CHEMICALS - Agricultural Chemicals  
$38.22 -0.30
-0.78%

$38.41

399,355
92.96% of 50 DAV
50 DAV is 429,600
$38.61
-1.01%
7/27/2012 $29.58 PP = $30.60
MB = $32.13
Most Recent Note - 9/19/2012 6:14:44 PM
G - Hit another new 52-week high and finished near the session high today with above average volume behind its gain, getting more extended from its prior base. An upward trendline defines near-term chart support that comes into play above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/31/2012. Click here.

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SWI - NYSE
Solarwinds Inc
COMPUTER SOFTWARE and SERVICES - Application Software  
$59.66 +0.05
0.08%

$59.75

586,025
54.68% of 50 DAV
50 DAV is 1,071,700
$60.95
-2.12%
7/25/2012 $47.82 PP = $47.89
MB = $50.28
Most Recent Note - 9/19/2012 6:21:05 PM
G - Volume totals have been cooling while still holding its ground near its all-time high. Its 50 DMA line defines important chart support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/29/2012. Click here.

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TDG - NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services  
$142.07 -0.98
-0.69%

$143.58

188,047
51.39% of 50 DAV
50 DAV is 365,900
$146.21
-2.83%
8/16/2012 $132.23 PP = $136.44
MB = $143.26
Most Recent Note - 9/20/2012 6:40:43 PM
Y - Color code is changed to yellow after retreating below "max buy" level with losses on light volume. See latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/20/2012. Click here.

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ULTA - NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other  
$98.50 -0.05
-0.05%

$99.01

384,512
47.90% of 50 DAV
50 DAV is 802,700
$103.52
-4.85%
9/4/2012 $93.17 PP = $98.52
MB = $103.45
Most Recent Note - 9/18/2012 5:29:17 PM
Y - Small gap down and loss today on light volume led to a close below its pivot point, raising concerns. Disciplined investors always limit losses if ever any stock falls -7% or more from their purchase price.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/4/2012. Click here.

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ULTI - NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services  
$100.06 -0.19
-0.19%

$100.43

100,661
62.80% of 50 DAV
50 DAV is 160,300
$106.40
-5.96%
8/27/2012 $98.36 PP = $99.19
MB = $104.15
Most Recent Note - 9/14/2012 4:33:18 PM
Y - Today's gain broke a streak of 5 consecutive losses while retreating from its all-time high. Prior chart highs define initial support to watch above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/27/2012. 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
VSI - NYSE
Vitamin Shoppe Inc
SPECIALTY RETAIL - Specialty Retail, Other  
$58.76 +0.02
0.03%

$59.44

278,963
77.02% of 50 DAV
50 DAV is 362,200
$61.83
-4.96%
6/29/2012 $54.93 PP = $55.03
MB = $57.78
Most Recent Note - 9/14/2012 4:35:23 PM
G - Quiet gain today on lighter volume halted a streak of 4 consecutive losses. Prior lows near $52 define important chart support below its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/10/2012. Click here.

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WPI - NYSE
Watson Pharmaceuticals
DRUGS - Drugs - Generic  
$84.22 +0.49
0.59%

$84.36

707,817
61.11% of 50 DAV
50 DAV is 1,158,300
$84.02
0.24%
8/24/2012 $82.90 PP = $81.10
MB = $85.16
Most Recent Note - 9/18/2012 5:42:38 PM
Y - Posted a gain today with below average volume. Still holding its ground in a tight range near its 52-week high since triggering a technical buy signal on 8/24/12 when highlighted in the mid-day report with a gap up gain backed by above average volume. Prior highs in the $81 area define initial support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 8/28/2012. Click here.

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