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AFTER MARKET UPDATE - TUESDAY, SEPTEMBER 25TH, 2012
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Indices NYSE Nasdaq
DOW  -101.37 13,457.55 -0.75% Volume 755,735,190 +21% Volume 1,910,269,020 +15%
NASDAQ -43.05 3,117.73 -1.36% Advancers 811 26% Advancers 669 26%
S&P 500 -15.30 1,441.59 -1.05% Decliners 2,244 71% Decliners 1,847 71%
Russell 2000 -12.64 839.12 -1.48% 52 Wk Highs 196   52 Wk Highs 130  
S&P 600 -6.89 469.05 -1.45% 52 Wk Lows 14   52 Wk Lows 21  

Major Averages Erased Early Gains

The major averages erased early gains to finish lower on Tuesday. The volume totals were reported higher on the NYSE and on the Nasdaq exchange versus the prior session totals inflated by options expirations. Decliners led advancers by about a 3-1 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 58 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 prior session total of 47 stocks. There were gains for only 4 of the 22 high-ranked companies currently included on the Featured Stocks Page.

 

Before the open, a report showed U.S. home prices increased +1.2% in July from a year ago. In a separate report, consumer confidence rose in September to its highest level in seven months. The afternoon retreat by the major averages was attributed to Philadelphia Fed President Charles Plosser who said the central bank's new bond buying program is unlikely to boost growth or employment.

Caterpillar Inc (CAT -4.25%) contributed the most to the blue chip index's decline, falling after lowering its 2015 forecast. Materials were the worst performing sector with iron ore producer Cliffs Natural Resources Inc (CLF -4.44%) down.  Tech stocks also weighed on the market. Google Inc (GOOG -0.03%) hit a new record high at $762.04, but erased its early gain and finished the session with a small loss. Software maker Red Hat (RHT -4.28%) fell after reporting a profit shortfall Monday night. Apple Inc (AAPL -2.50%) also declined..

The 10-year note was up 3/8 of a point to yield 1.67%.

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 retreated toward prior 2012 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.


Widespread Losses Pressured All Groups

Financial shares were a negative influence on the major averages as the Broker/Dealer Index ($XBD -2.71%) and the Bank Index ($BKX -1.67%) lost ground, and the Retail Index ($RLX -0.73%) ended with a smaller loss. The Semiconductor Index ($SOX -2.47%), Networking Index ($NWX -1.85%), Biotechnology Index ($BTK -1.42%), and Internet Index ($IIX -1.22%) finished with unanimous losses. Commodity linked groups also were a drag on the market as the Gold & Silver Index ($XAU -1.67%), Oil Services Index ($OSX -1.51%), and Integrated Oil Index ($XOI -0.97%) fell.

Charts courtesy www.stockcharts.com

PICTURED: The Healthcare Index ($HMO -0.92%) rounded out the widely negative session with a loss. It faces near-term resistance at its 200-day moving average line and prior chart highs.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  227.47 -3.48 -1.51% +5.17%
Healthcare $HMO  2,401.33 -22.27 -0.92% +5.25%
Integrated Oil $XOI  1,264.62 -12.35 -0.97% +2.89%
Semiconductor $SOX  379.38 -9.62 -2.47% +4.10%
Networking $NWX  210.51 -3.98 -1.85% -2.16%
Internet $IIX  318.68 -3.93 -1.22% +13.11%
Broker/Dealer $XBD  82.40 -2.30 -2.71% -1.05%
Retail $RLX  653.38 -4.80 -0.73% +24.88%
Gold & Silver $XAU  185.92 -3.15 -1.67% +2.92%
Bank $BKX  49.58 -0.84 -1.67% +25.90%
Biotech $BTK  1,556.46 -22.36 -1.42% +42.61%


Extended From Prior Base Following Volume-Driven Gains

Cardinal Financial Corp (CFNL -$0.15 or -0.99% to $14.43) is perched at its 52-week high today. After its spurt of volume-driven gains it is extended from its prior base. Prior highs and its 50-day moving average (DMA) line define support to watch on pullbacks near the $13 level. It was last shown in this FSU section on 8/21/12 with an annotated graph under the headline, "High-Ranked Bank's Shares Quietly Challenge New Pivot Point ". Subsequent volume-driven gains above its pivot point confirmed a new (or add-on) technical buy signal.

The high-ranked leader hailing from the Banks - Southeast industry group reported earnings +70% on +39% sales revenues for the quarter ended June 30, 2012 versus the year ago period. Sequentially, its recent quarterly comparisons show encouraging sales revenues acceleration. It has earned high ranks and matches favorably with the C and A criteria. The number of top-rated funds owning its shares rose from 172 in Sep '11 to 183 in Jun '12, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 2.1 is an unbiased indication its shares have been under accumulation over the past 50 days. Its small supply (S criteria) of only 29.2 millions shares outstanding is a favorable characteristic, yet it can contribute to greater price volatility in the event of institutional accumulation or distributional pressure.


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  
$113.90 +0.98
0.87%

$116.43

1,279,275
108.27% of 50 DAV
50 DAV is 1,181,600
$114.96
-0.92%
8/23/2012 $103.70 PP = $110.06
MB = $115.56
Most Recent Note - 9/25/2012 11:29:20 AM
G - Hitting a new 52 week high today. Color code is changed to green after rallying above its "max buy" level. Gains above its pivot point backed by +69% above average volume on 9/21/12 confirmed a 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  
$85.27 -1.97
-2.26%

$87.19

176,671
140.22% of 50 DAV
50 DAV is 126,000
$92.29
-7.61%
9/24/2012 $87.24 PP = $92.39
MB = $97.01
Most Recent Note - 9/24/2012 4:23:58 PM
Y - Color code is changed to yellow with new pivot point cited based on its 8/20/12 high plus 10 cents. Volume-driven gains above its pivot point may trigger a new (or add-on) technical buy signal. 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  
$14.43 -0.15
-0.99%

$14.75

139,593
210.55% of 50 DAV
50 DAV is 66,300
$14.79
-2.43%
8/17/2012 $12.84 PP = $13.31
MB = $13.98
Most Recent Note - 9/25/2012 11:56:59 AM
G - Trading near its 52-week high today, adding to its spurt of volume-driven gains and getting more extended from its prior base. Prior highs and its 50 DMA line define support to watch on pullbacks near the $13 level.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/25/2012. Click here.

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CMCSA - NASDAQ
Comcast Corp Cl A
MEDIA - CATV Systems  
$35.86 -0.58
-1.58%

$36.90

17,236,104
136.19% of 50 DAV
50 DAV is 12,655,900
$36.54
-1.87%
6/11/2012 $29.94 PP = $30.98
MB = $32.53
Most Recent Note - 9/21/2012 6:04:19 PM
G - Today's 3rd consecutive gain with above average volume for a new 52-week high helped it rise from an orderly flat base. No new pivot point was cited because of fundamental concerns raised by sub par sales and earnings growth in the Jun '12 quarter. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/21/2012. Click here.

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DVA - NYSE
Davita Inc
HEALTH SERVICES - Specialized Health Services  
$100.30 -0.07
-0.07%

$101.50

520,687
73.45% of 50 DAV
50 DAV is 708,900
$103.97
-3.53%
9/5/2012 $102.92 PP = $100.62
MB = $105.65
Most Recent Note - 9/21/2012 4:09:41 PM
Y - Considerable gain today and new high close above its pivot point was backed by more than 3 times average volume confirming 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  
$28.35 -0.83
-2.84%

$29.37

88,331
68.53% of 50 DAV
50 DAV is 128,900
$30.91
-8.28%
8/3/2012 $29.91 PP = $30.45
MB = $31.97
Most Recent Note - 9/24/2012 4:25:31 PM
Y - Slumping back into the prior base and near its 50 DMA line raising 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  
$58.14 -0.42
-0.72%

$59.00

2,406,387
71.97% of 50 DAV
50 DAV is 3,343,800
$60.29
-3.57%
4/27/2012 $41.80 PP = $35.57
MB = $37.35
Most Recent Note - 9/21/2012 4:04:25 PM
G - Gapped up today and hit a new 52-week high with a volume-driven gain. No overhead supply remains to hinder its progress,however weak industry group action and iffy fundamentals were noted in the latest FSU as causes for concern.
>>> 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  
$19.02 -0.36
-1.86%

$19.60

43,530
60.21% of 50 DAV
50 DAV is 72,300
$20.67
-7.98%
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  
$24.42 -0.55
-2.20%

$25.76

96,574
321.91% of 50 DAV
50 DAV is 30,000
$27.47
-11.10%
8/30/2012 $24.19 PP = $22.90
MB = $24.05
Most Recent Note - 9/24/2012 12:23:07 PM
G - Enduring distributional pressure while consolidating 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  
$19.21 +0.21
1.08%

$19.46

2,282,380
170.89% of 50 DAV
50 DAV is 1,335,600
$20.02
-4.05%
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  
$119.89 -2.81
-2.29%

$124.68

1,641,855
66.62% of 50 DAV
50 DAV is 2,464,500
$125.50
-4.47%
9/5/2012 $113.25 PP = $113.10
MB = $118.76
Most Recent Note - 9/21/2012 4:12:00 PM
G - Hovering near its 52-week and all-time highs after today's 4th consecutive small gain on below 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  
$116.48 -0.72
-0.61%

$120.47

58,318
56.84% of 50 DAV
50 DAV is 102,600
$122.57
-4.97%
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  
$60.94 -0.34
-0.55%

$62.57

589,714
94.43% of 50 DAV
50 DAV is 624,500
$63.25
-3.65%
8/20/2012 $55.88 PP = $59.32
MB = $62.29
Most Recent Note - 9/24/2012 5:30:19 PM
Y - Pulled back today on light volume, finishing -3.1% off its 52-week high. Prior highs near $59 define initial support above its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/24/2012. Click here.

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NSM - NYSE
Nationstar Mtg Hldgs Inc
FINANCIAL SERVICES - Credit Services  
$33.02 +0.85
2.64%

$34.90

2,547,602
284.30% of 50 DAV
50 DAV is 896,100
$32.64
1.16%
8/29/2012 $27.96 PP = $28.85
MB = $30.29
Most Recent Note - 9/25/2012 12:12:06 PM
G - Spiking to another new 52-week high today with its 7th consecutive gain, getting extended from its prior base. 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  
$75.71 -0.74
-0.97%

$77.86

164,481
136.73% of 50 DAV
50 DAV is 120,300
$78.58
-3.65%
9/5/2012 $74.39 PP = $75.10
MB = $78.86
Most Recent Note - 9/24/2012 4:27:10 PM
Y - Loss today with above average volume broke a streak of 5 consecutive gains. Prior rally above its pivot point clinched a new (or add-on) technical buy signal, yet it has not risen beyond its "max buy" level. 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  
$39.29 -0.17
-0.43%

$40.05

332,413
75.19% of 50 DAV
50 DAV is 442,100
$40.00
-1.78%
7/27/2012 $29.58 PP = $30.60
MB = $32.13
Most Recent Note - 9/24/2012 4:27:38 PM
G - Hit another new 52-week 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  
$57.93 -1.09
-1.85%

$59.79

627,501
58.50% of 50 DAV
50 DAV is 1,072,600
$60.95
-4.95%
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  
$144.95 +1.58
1.10%

$146.22

1,162,500
316.67% of 50 DAV
50 DAV is 367,100
$146.72
-1.21%
8/16/2012 $132.23 PP = $136.44
MB = $143.26
Most Recent Note - 9/25/2012 12:17:05 PM
G - Trading up today with volume running at an above average pace, getting extended from its prior base. Its 50 DMA line defines support to watch on pullbacks.
>>> 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  
$97.09 -1.35
-1.37%

$99.38

698,851
87.52% of 50 DAV
50 DAV is 798,500
$103.52
-6.21%
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  
$98.15 -0.26
-0.26%

$100.50

148,688
94.05% of 50 DAV
50 DAV is 158,100
$106.40
-7.76%
8/27/2012 $98.36 PP = $99.19
MB = $104.15
Most Recent Note - 9/21/2012 4:19:29 PM
Y - Today marked is 4th consecutive small loss while consolidating near 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  
$57.08 -1.35
-2.31%

$59.00

174,180
47.59% of 50 DAV
50 DAV is 366,000
$61.83
-7.67%
6/29/2012 $54.93 PP = $55.03
MB = $57.78
Most Recent Note - 9/21/2012 4:21:01 PM
G - Today marked its 4th consecutive small gain. It has not formed a sound new base. 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  
$83.16 -0.18
-0.22%

$84.48

755,032
67.21% of 50 DAV
50 DAV is 1,123,400
$84.59
-1.69%
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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