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AFTER MARKET UPDATE - TUESDAY, OCTOBER 1ST, 2013
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Indices NYSE Nasdaq
DOW  +62.03 15,191.70 +0.41% Volume 716,975,760 -18% Volume 1,750,825,410 -1%
NASDAQ +46.50 3,817.98 +1.23% Advancers 2,177 70% Advancers 1,828 69%
S&P 500 +13.45 1,695.00 +0.80% Decliners 832 27% Decliners 714 27%
Russell 2000 +13.64 1,087.43 +1.27% 52 Wk Highs 202   52 Wk Highs 214  
S&P 600 +7.58 615.34 +1.25% 52 Wk Lows 23   52 Wk Lows 18  

Major Averages Rose With Less Volume Conviction

The major averages rose on Tuesday. Volume totals on were lighter on the NYSE and on the Nasdaq exchange versus the prior session's volume totals, indicating less enthusiastic buying demand from the institutional crowd. Breadth was positive as advancers led decliners by a 5-2 margin on the NYSE and by 13-5 on the Nasdaq exchange. There were 95 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, up sharply from the total of 37 stocks on the prior session. The list of stocks hitting new 52-week highs outnumbered new lows on the NYSE and on the Nasdaq exchange. There were gains for 18 of the 21 high-ranked companies currently included on the Featured Stocks Page.

 

The major averages ended Tuesday's session in positive territory on the first trading day of the fourth quarter as investors weighed the partial closure of the U.S. government. Attention remains on Washington as Congress now faces the hurdle raising the federal borrowing limit before October 17. Economic data provided a tailwind to the market and stocks also traded higher following a report that showed manufacturing expanded at a faster-than-expected pace in September.

All 10 sectors in the S&P 500 advanced. Ford Motor Co (F +1.90%) rose after posting a +5.7% increase in auto sales last month. On the earnings front, Walgreen's Co (WAG +4.54%) rose after posting an +86% increase in fourth quarter profits. WellPoint Inc (WLP +2.99%) rallied as Health care was the top performing group in the session. Merck & Co Inc (MRK +2.38%) rose after announcing additional job cuts and plans to reduce $2.5 billion in operating expenses by the end of 2015. Tech also paced gains as Yahoo! Inc (YHOO +3.44%) rallied. Shares of Newmont Mining Corp (NEM -3.17%) fell as the price of gold declined to a seven week low and slumped below $1,300 an ounce.

Treasuries were lower with the 10-year note down 9/32 to yield 2.64%.

Distributional action recently weighed on the market (M criteria) and put the rally under pressure, yet Tuesday's session showed an encouraging expansion in leadership (new 52-week highs). New buying efforts may only be justified in candidates meeting the fact-based system's strict guidelines. Stay familiar with companies listed on the CANSLIM.net Featured Stocks Page - a page showing the most action-worthy candidates' latest notes and links to additional resources including detailed analysis with data-packed graphs which are annotated by a Certified expert.  The Premium Member Homepage - includes "dynamic archives" to all prior pay reports published. Watch for an announcement via email concerning the next WEBCAST.

PICTURED: The S&P 500 Index halted its slide at its 50-day moving average (DMA) line. Below that important short-term average the next technical support level for the benchmark index is at the upward trendline connecting its November '12, June and August '13 lows. Subsequent violations would hurt the market's technical stance and hurt the broader market outlook.


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.


Healthcare, Tech, and Retail Indexes Led Gainers

The Biotechnology Index ($BTK +2.16%) led the tech sector higher while the Internet Index ($IIX +1.64%), Networking Index ($NWX +1.27%), and the Semiconductor Index ($SOX +1.01%) posted unanimous gains. A solid advance by the Retail Index ($RLX +1.38%) and modest gains from the Broker/Dealer Index ($XBD +0.59%) and the Bank Index ($BKX +0.90%) underpinned the major averages' gains. The Oil Services Index ($OSX +1.26%) outpaced the Integrated Oil Index ($XOI +0.31%) as energy-related shares also drifted higher. Defensive groups were mixed, with the Healthcare Index ($HMO +2.24%) the leader among groups posting solid gains, while the Gold & Silver Index ($XAU -2.21%) was a standout decliner and investors shunned the classic "safe haven" area.

Charts courtesy www.stockcharts.com

PICTURED: The Healthcare Index ($HMO +2.24%) has found support near its 50-day moving average (DMA) line throughout its ongoing rally.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  274.59 +3.42 +1.26% +24.72%
Healthcare $HMO  3,533.26 +77.57 +2.24% +40.53%
Integrated Oil $XOI  1,403.52 +4.30 +0.31% +13.02%
Semiconductor $SOX  495.77 +4.94 +1.01% +29.09%
Networking $NWX  301.63 +3.78 +1.27% +33.14%
Internet $IIX  422.52 +6.81 +1.64% +29.21%
Broker/Dealer $XBD  138.13 +0.81 +0.59% +46.43%
Retail $RLX  858.97 +11.73 +1.38% +31.53%
Gold & Silver $XAU  91.36 -2.06 -2.21% -44.83%
Bank $BKX  62.81 +0.56 +0.90% +22.48%
Biotech $BTK  2,226.97 +47.19 +2.16% +43.95%


Following Great Rally No New Base Has Been Formed

Soufun Hldgs Ltd Ads (SFUN +$0.34 or +0.66% to $51.98) has rallied near its 52-week high with additional volume-driven gains this week. Prior reports cautioned - "This high-ranked Internet - Content firm may go on to produce more climactic gains, but it is very extended from any sound base. Recent highs near $42 define initial support to watch above its 50 DMA line."  Its current consolidation is still too brief to be recognized as a sound base pattern. It rallied to new highs with volume-driven gains and has not spent much time basing since last shown in this FSU section on 8/30/13 with an annotated graph under the headline, "Volume-Driven Gain For a New High Close".

It may possibly go on to form a new base or secondary buy point which may be noted in the weeks ahead. Prior reports cautioned members - "Disciplined investors avoid chasing stocks too extended from sound bases."  It has traded up as much as +82% since it first appeared highlighted in yellow in the 7/16/13 the mid-day report (read here) while it spiked to new 52-week and all-time highs and quickly rallied above its "max buy" level.

Fundamentals remain strong as it reported +56% earnings on +49% sales revenues for the Jun '13 quarter versus the year ago period, solidly satisfying the C criteria. The number of top-rated funds owning its shares rose from 76 in Sep '12 to 98 in Jun '13, a reassuring sign concerning the I criteria. Its small supply (S criteria) of only 33.4 million shares in the public float can contribute to greater price volatility in the event of institutional buying or selling.


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
AVG - NYSE
A V G Technologies N.V.
INTERNET - Internet Software and Services  
$24.36 +0.42
1.75%

$24.71

477,432
52.07% of 50 DAV
50 DAV is 916,900
$26.56
-8.27%
9/13/2013 $23.06 PP = $23.88
MB = $25.07
Most Recent Note - 9/30/2013 11:51:30 AM
G - Down considerably with today's 4th consecutive loss, sinking near prior highs in the $23 area defining initial support to watch above its 50 DMA line ($22.62 now).
>>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2013. Click here.

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BITA - NYSE
Bitauto Hldgs Ltd Ads
INTERNET - Internet Information Providers  
$17.95 +1.83
11.35%

$18.40

1,297,221
304.66% of 50 DAV
50 DAV is 425,800
$18.10
-0.83%
9/24/2013 $16.40 PP = $17.31
MB = $18.18
Most Recent Note - 10/1/2013 12:07:17 PM
Y - Solid gain today with above average volume while rising above its pivot point and challenging its 52-week high. A strong finish may clinch a new (or add-on) technical buy signal. Its 50 DMA line defines important support.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/3/2013. Click here.

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CELG - NASDAQ
Celgene Corp
DRUGS - Drug Manufacturers - Major  
$157.20 +3.06
1.99%

$157.21

2,665,591
106.94% of 50 DAV
50 DAV is 2,492,700
$156.04
0.74%
9/12/2013 $149.50 PP = $150.02
MB = $157.52
Most Recent Note - 9/30/2013 12:08:55 PM
Y - Hitting another new 52-week high today. Finished strong on Friday with +53% above average volume while rising above its previously cited pivot point confirming a technical buy signal. Its 50 DMA line ($143.44 now) defines near-term support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/20/2013. Click here.

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EGBN - NASDAQ
Eagle Bancorp Inc
BANKING - Regional - Mid-Atlantic Banks  
$28.41 +0.12
0.42%

$28.48

39,609
52.46% of 50 DAV
50 DAV is 75,500
$28.45
-0.14%
9/16/2013 $27.48 PP = $27.77
MB = $29.16
Most Recent Note - 10/1/2013 6:04:28 PM
Y - Inched to new high territory with light volume behind today's 4th consecutive gain. Stubbornly held its ground after a recent spurt of volume-driven gains and it remains below its "max buy" level.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/16/2013. Click here.

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FLT - NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services  
$111.37 +1.21
1.10%

$112.13

600,037
93.04% of 50 DAV
50 DAV is 644,900
$112.50
-1.00%
8/19/2013 $99.01 PP = $100.97
MB = $106.02
Most Recent Note - 9/25/2013 12:30:23 PM
G - Hovering in a tight range near all-time highs after completing a Secondary Offering on 9/11/13. Its 50 DMA line and recent lows near $100 define important near term support to watch on pullbacks. FLT has traded up as much as +58% since first featured in yellow in the mid-day report on 3/21/13 (read here).
>>> The latest Featured Stock Update with an annotated graph appeared on 9/6/2013. 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
GNRC - NYSE
Generac Hldgs Inc
CONSUMER DURABLES - Electronic Equipment  
$42.96 +0.32
0.75%

$43.43

580,063
72.89% of 50 DAV
50 DAV is 795,800
$44.30
-3.02%
9/12/2013 $41.40 PP = $43.27
MB = $45.43
Most Recent Note - 9/30/2013 11:55:20 AM
Y - Pulling back near its 50 DMA line today. It stalled after triggering a technical buy signal on 9/20/13. Disciplined investors limit losses by selling if any stock falls more than -7% from their purchase price.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/23/2013. Click here.

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JAZZ - NASDAQ
Jazz Pharmaceuticals Plc
DRUGS - Biotechnology  
$91.10 -0.87
-0.94%

$93.32

870,717
131.97% of 50 DAV
50 DAV is 659,800
$93.84
-2.92%
9/30/2013 $93.20 PP = $89.10
MB = $93.56
Most Recent Note - 9/30/2013 6:04:16 PM
Y- Finished strong today with a solid gain backed by +160% above average volume while rallying above the pivot point cited based its 9/03/13 high plus 10 cents after an advanced "3-weeks tight" 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 9/30/2013. Click here.

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KORS - NYSE
Michael Kors Hldgs Ltd
RETAIL - Apparel Stores  
$75.85 +1.33
1.78%

$76.10

1,453,172
41.51% of 50 DAV
50 DAV is 3,500,700
$78.62
-3.52%
8/6/2013 $69.66 PP = $66.28
MB = $69.59
Most Recent Note - 9/27/2013 5:21:05 PM
G - Extended from its prior base and consolidating near its 52-week high. Its 50 DMA line (now $71.33) defines support above prior highs in the $66 area. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/27/2013. Click here.

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LOPE - NASDAQ
Grand Canyon Education
DIVERSIFIED SERVICES - Education and; Training Services  
$41.23 +0.99
2.46%

$41.30

340,239
85.36% of 50 DAV
50 DAV is 398,600
$40.80
1.05%
6/19/2013 $31.47 PP = $34.17
MB = $35.88
Most Recent Note - 9/25/2013 5:51:11 PM
G - Holding its ground near its all-time high while enduring mild distributional pressure. Fundamental concerns remain while technical action has been reassuring.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/12/2013. Click here.

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MRLN - NASDAQ
Marlin Business Services
DIVERSIFIED SERVICES - Rental and Leasing Services  
$24.85 -0.11
-0.44%

$25.23

29,397
81.66% of 50 DAV
50 DAV is 36,000
$26.96
-7.83%
9/9/2013 $23.75 PP = $24.03
MB = $25.23
Most Recent Note - 9/25/2013 5:52:09 PM
G - Hit another new 52-week high today. Stubbornly holding its ground and wedging higher with gains lacking great volume conviction since recently paying a $2.00 per share Special Dividend (latest Pivot Point, Max Buy and Featured Price were adjusted to accordingly).
>>> The latest Featured Stock Update with an annotated graph appeared on 9/9/2013. 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
PCLN - NASDAQ
Priceline.Com Inc
INTERNET - Internet Software and Services  
$1,038.27 +27.32
2.70%

$1,039.31

598,648
100.34% of 50 DAV
50 DAV is 596,600
$1,019.95
1.80%
9/13/2013 $966.82 PP = $995.08
MB = $1,044.83
Most Recent Note - 9/26/2013 5:50:42 PM
Y - Still wedging above its new pivot point cited based on its 8/09/13 high plus 10 cents with gains lacking great volume conviction. Volume-driven gains are necessary to clinch a proper new (or add-on) technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/19/2013. Click here.

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PRAA - NASDAQ
Portfolio Recovery Assoc
DIVERSIFIED SERVICES - Business/Management Services  
$61.02 +1.09
1.82%

$61.16

396,382
78.23% of 50 DAV
50 DAV is 506,700
$61.60
-0.94%
7/31/2013 $51.43 PP = $54.72
MB = $57.46
Most Recent Note - 9/27/2013 4:12:31 PM
G - Small gap down today on light volume, pulling back from new 52-week highs after 4 consecutive gains on light volume, wedging higher and getting more extended from its prior base. See the latest FSU analysis for more details and an annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/26/2013. Click here.

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PRLB - NYSE
Proto Labs Inc
MANUFACTURING - Small Tools and Accessories  
$77.19 +0.80
1.05%

$77.48

342,712
84.27% of 50 DAV
50 DAV is 406,700
$80.66
-4.30%
7/29/2013 $64.86 PP = $67.50
MB = $70.88
Most Recent Note - 9/26/2013 5:54:00 PM
G - Encountering mild distributional pressure and pulling back from a new 52-week high hit this week. Support to watch is at its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/25/2013. Click here.

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SFUN - NYSE
Soufun Hldgs Ltd Ads A
INTERNET - Internet Information Providers  
$51.98 +0.34
0.66%

$52.55

1,964,502
187.11% of 50 DAV
50 DAV is 1,049,900
$53.77
-3.33%
7/16/2013 $29.54 PP = $27.90
MB = $29.30
Most Recent Note - 10/1/2013 6:08:19 PM
G - Perched at its 52-week high following additional volume-driven gains. It has not formed a new base of sufficient length. See the latest FSU analysis for more details and a new annotated graph.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/1/2013. Click here.

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SSNC - NASDAQ
S S & C Technologies
COMPUTER SOFTWARE and SERVICES - Application Software  
$38.68 +0.58
1.52%

$38.72

278,465
64.55% of 50 DAV
50 DAV is 431,400
$39.94
-3.15%
9/5/2013 $36.01 PP = $38.90
MB = $40.85
Most Recent Note - 9/27/2013 5:23:22 PM
Y - Volume totals have been cooling while holding its ground in a tight range near its 52-week high and near the pivot point cited based on its 8/02/13 high plus 10 cents. Completed a Secondary Offering on 9/20/13 while perched at all-time highs.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/5/2013. 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
SSYS - NASDAQ
Stratasys Ltd
COMPUTER HARDWARE - Computer Peripherals  
$104.09 +2.83
2.79%

$104.24

590,314
54.11% of 50 DAV
50 DAV is 1,090,900
$113.49
-8.28%
7/8/2013 $91.44 PP = $95.00
MB = $99.75
Most Recent Note - 9/27/2013 4:14:20 PM
G - Pulled back today on light volume, consolidating above its 50 DMA line. Completed a new Public Offering on 9/13/13. It has not formed a sound base.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/10/2013. Click here.

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STMP - NASDAQ
Stamps.Com Inc
INTERNET - Internet Software and Services  
$46.05 +0.12
0.26%

$46.05

67,114
55.06% of 50 DAV
50 DAV is 121,900
$46.47
-0.90%
9/24/2013 $45.54 PP = $46.57
MB = $48.90
Most Recent Note - 10/1/2013 6:05:51 PM
Y - Finished at a best-ever close with today's 4th consecutive small gain on light volume. A new pivot point was cited based on its 8/01/13 high plus 10 cents. Recently found encouraging support at its 50 DMA line. Volume-driven gains to new highs may trigger a new (or add-on) technical buy signal.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/24/2013. Click here.

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TBBK - NASDAQ
Bancorp Inc
BANKING - Regional - Mid-Atlantic Banks  
$17.66 -0.03
-0.17%

$17.94

256,248
139.57% of 50 DAV
50 DAV is 183,600
$18.61
-5.10%
9/4/2013 $16.26 PP = $16.79
MB = $17.63
Most Recent Note - 9/25/2013 5:49:36 PM
G - Encountered distributional pressure today with a loss on higher volume. Prior highs and its 50 DMA line define important support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/4/2013. Click here.

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TNGO - NASDAQ
Tangoe Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software  
$23.88 +0.05
0.21%

$23.95

562,658
103.81% of 50 DAV
50 DAV is 542,000
$24.60
-2.92%
9/12/2013 $21.30 PP = $23.15
MB = $24.31
Most Recent Note - 9/25/2013 5:55:12 PM
Y - Finished near the session high today with a solid gain backed by only +19% above average volume. Convincing volume-driven gains above its pivot point cited based on its May 2012 high plus 10 cents may signal the beginning of a substantial leg higher.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/17/2013. Click here.

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VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$108.16 +3.83
3.67%

$108.17

1,171,540
102.61% of 50 DAV
50 DAV is 1,141,700
$106.98
1.10%
9/11/2013 $100.26 PP = $105.50
MB = $110.78
Most Recent Note - 10/1/2013 5:58:49 PM
Y- Today's gain with average volume helped it quietly wedge further above the pivot point. Gains above the pivot point with volume at least +40% above average are needed to trigger a proper technical buy signal. Recent insider buying while trading near its highs has been noted as an encouraging sign.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/11/2013. 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
YNDX - NASDAQ
Yandex N V Class A
INTERNET - Internet Information Providers  
$37.84 +1.42
3.90%

$37.84

1,657,420
69.07% of 50 DAV
50 DAV is 2,399,600
$38.10
-0.68%
9/5/2013 $34.24 PP = $34.79
MB = $36.53
Most Recent Note - 10/1/2013 6:01:05 PM
G - Rallied for a second-best close today with light volume after a dip under its "max buy" level on the prior session. Prior highs in the $34 area and its 50 DMA line define support to watch on pullbacks.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/18/2013. Click here.

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