FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, October 12th, 2011

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AFTER MARKET UPDATE - WEDNESDAY, OCTOBER 12TH, 2011

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Indices				NYSE			Nasdaq
DOW	+102.55	11,518.85	+0.90%	Volume	1,066,024,670	+21%	Volume	1,914,848,010	+19%
NASDAQ	+21.70	2,604.73	+0.84%	Advancers	2,311	74%	Advancers	1,874	70%
S&P 500	+11.71	1,207.25	+0.98%	Decliners	715	23%	Decliners	689	26%
Russell 2000	+11.41	700.38	+1.66%	52 Wk Highs	17		52 Wk Highs	24
S&P 600	+6.14	386.75	+1.61%	52 Wk Lows	6		52 Wk Lows	29

Major Averages Rose With a Pick Up in Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Wednesday the trading volume totals picked up on both major US stock exchanges while the Dow Jones Industrial Average, S&P 500 Index, and the Nasdaq Composite Index made further progress above their 50-day moving average (DMA) lines. There was a positive bias to Wednesday's session as advancing issues beat decliners by more than 3-1 on the NYSE and by 5-2 on the Nasdaq exchange. New 52-week lows still outnumbered new 52-week highs on the Nasdaq exchange, however, new 52-week highs outnumbered new lows on the NYSE for a second consecutive session, and new lows on the NYSE have been in the single digits 3 days in a row. There were 16 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 10 stocks. There were gains for 3 of the 6 high-ranked companies currently included on the Featured Stocks Page.

A groundswell of enthusiasm over progress in Europe helped lift Wall Street. The S&P 500 extended its rebound since October 3rd to more than 11% at the session highs as European leaders outlined plans to recapitalize banks and halt the sovereign debt crisis. Minutes of the last Federal Reserve meeting gave analysts hints at what may be a growing division within the Fed on future policy direction. Officials were not convinced economic growth would be picking up in the coming quarters. Some FOMC members wanted to keep further asset purchases on the table as an option to boost the economy.

The 10-year Treasury note was down 16/32 to yield 2.21%. The U.S. sold $21 billion of 10-year notes, the second of three auctions of coupon-bearing debt this week totaling $66 billion.

A weaker U.S. dollar boosted commodity prices, including oil and gold, leading to gains in mining and energy stocks. Alcoa Inc's (AA -2.43%) earnings were a disappointment, yet the company’s disappointing earnings failed to infect other stocks in the basic materials group. Pepsico Inc (PEP +2.87%) rose after posting better-than-expected quarterly results. Wal-Mart Stores (WMT +0.88%) traded up after the retailer told analysts it is in the process of reversing a two-year sales slump in the United States. Liz Claiborne Inc (LIZ +34.12%) jumped higher after agreeing to sell major brands to reduce debt.

A heavy wave of distributional action pushed the benchmark S&P 500 Index beyond the -20% Bear Market threshold at last week's lows. The market environment (M criteria) is still uncertain and disciplined investors are now watching for a follow-through day (FTD) of solid gains on higher volume from at least one of the major averages coupled with an expansion in the number of stocks hitting new highs. A convincing FTD could confirm a new rally and signal that odds have again turned more favorable for investors to begin making new buying efforts. Historic studies suggest that it is most ideal for a FTD to come between Day 4-7 of a new rally attempt. Thursday's session will mark Day 8 of the current rally attempt.

The Q3 2011 Webcast (aired on September 28th) is now available "ON DEMAND" - (CLICK HERE) It provides an informative review of current market conditions, leading groups, and best buy candidates. All upgraded members are eligible to access the webcast presentation at no additional cost! Via the Premium Member Homepage links to all prior reports and webcasts are always available.

PICTURED: The Dow Jones Industrial Average traded up as many as 209 points at its session best and briefly reached positive territory for the year. It has been holding its ground and rising after rallying above its 50 DMA line with Monday's light volume gain.

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.

Financial Groups Outpaced Other Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The financial groups helped underpin the market's gains on Wednesday as the Broker/Dealer Index ($XBD +2.07%) and Bank Index ($BKX +3.29%) tallied gains. The Retail Index ($RLX +0.41%) posted a modest gain, and strength in energy-related areas gave the Oil Services Index ($OSX +0.46%) and Integrated Oil Index ($XOI +0.92%) a small boost. Defensive groups including the Healthcare Index ($HMO +1.06%) and Gold & Silver Index ($XAU +0.91%) also had a positive bias. In a tech sector that was mixed, the Semiconductor Index ($SOX +0.95%) and Internet Index ($IIX +0.59%) outpaced the Networking Index ($NWX -0.06%) and Biotechnology Index ($BTK -0.58%).

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX +0.41%) has rallied from below its 50-day and 200-day moving average (DMA) lines with a streak of 6 consecutive gains.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	208.84	+0.95	+0.46%	-14.80%
Healthcare	$HMO	1,941.02	+20.37	+1.06%	+14.72%
Integrated Oil	$XOI	1,123.50	+10.20	+0.92%	-7.39%
Semiconductor	$SOX	369.18	+3.48	+0.95%	-10.35%
Networking	$NWX	233.25	-0.13	-0.06%	-16.86%
Internet	$IIX	286.10	+1.68	+0.59%	-7.03%
Broker/Dealer	$XBD	86.13	+1.75	+2.07%	-29.12%
Retail	$RLX	530.85	+2.18	+0.41%	+4.42%
Gold & Silver	$XAU	195.23	+1.76	+0.91%	-13.84%
Bank	$BKX	38.93	+1.24	+3.29%	-25.44%
Biotech	$BTK	1,125.95	-6.56	-0.58%	-13.23%

Base On Base Formation Not Textbook Perfect
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Mistras Group Inc's (MG +$0.66 or +3.33% to $20.48) higher volume totals without meaningful price progress are an indication of distributional pressure this week. Recently it was noted as it tried to rise without great volume conviction from a 5-week consolidation that may be considered a "base-on-base" type pattern, however no new pivot point was cited. Additionally, the M criteria argues against new (or add-on) buying efforts in otherwise worthy buy candidates until the nascent new rally effort is confirmed by a solid follow-through day. Its last appearance in this FSU section was on 9/30/11 with an annotated daily graph under the headline, "Slump Under Old Highs Near Prior Pivot Point Cited". It slumped under its old highs and violated its 50-day moving average (DMA) line triggering technical sell signals. Subsequent losses could have led to more worrisome technical damage, however, its prior resistance acted as a support level while consolidating. Its prompt rebound above its 50 DMA line helped its outlook to improve. The chart below shows the current "base-on-base" pattern, but its high on 10/05/11 exceeded earlier highs which might be the basis for a new pivot point. Although it is not textbook set-up, any powerful volume-driven gains to new highs may be acknowledged as a fresh sign of institutional accumulation that may lead to a more meaningful advance.

Since its last FSU analysis was published the Building - Maintenance Services group has seen little improvement in its Group Relative Strength Rating (now 47), which is mediocre, whereas the L criteria calls for leadership in the industry group. It has maintained its solid earnings history concerning the C and A criteria. The number of top-rated funds owning its shares rose from 99 in Sep '10 to 151 in Sep '11, a reassuring sign concerning the I criteria. After its 5/05/11 Public Offering the company management's still large 47% ownership interest keeps them very motivated to look after and build shareholder value. The small supply (S criteria) of only 27.7 million shares outstanding and 14.7 million in the public float can contribute to greater price volatility in the event of institutional buying or selling. Disciplined investors always limit losses at 7-8% if ever a stock falls that much after purchased. If the market environment (M criteria) is not favorable, 3 out of 4 stocks typically follow the direction of the major averages. Disciplined investors do not fight the tape!

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	$402.19	+1.90 0.47%	$409.25	22,196,126 95.34% of 50 DAV 50 DAV is 23,280,300	$422.86 -4.89%	9/16/2011	$399.14	PP = $404.60
								MB = $424.83
Most Recent Note - 10/11/2011 5:57:29 PM G - Rallied further above its 50 DMA line with near average volume today but it has not formed a sound base pattern. Found support at its longer-term 200 DMA line again last week. >>> The latest Featured Stock Update with an annotated graph appeared on 10/6/2011. 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
ALXN - NASDAQ Alexion Pharmaceuticals DRUGS - Drug Manufacturers - Other	$65.97	-2.86 -4.16%	$69.45	1,959,118 116.25% of 50 DAV 50 DAV is 1,685,300	$70.20 -6.03%	9/15/2011	$63.20	PP = $60.81
								MB = $63.85
Most Recent Note - 10/12/2011 5:36:19 PM G - Pulled back today on slightly higher volume after reaching a new all-time high with a quiet gain on the prior session. This high-ranked Medical - Biomed/Biotech group leader is extended from its prior base. Support to watch includes prior resistance in the $59-60 area and its upwardly tilted 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 10/5/2011. 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
CELG - NASDAQ Celgene Corp DRUGS - Drug Manufacturers - Major	$65.45	-0.88 -1.33%	$66.90	3,002,667 68.30% of 50 DAV 50 DAV is 4,396,500	$66.98 -2.28%	9/16/2011	$61.21	PP = $62.59
								MB = $65.72
Most Recent Note - 10/11/2011 6:03:04 PM G - Up today with light volume. No resistance remains due to overhead supply after a 10/10/11 gap up and rally to a new 52-week high. Color code was changed to green after getting extended from its prior base. >>> The latest Featured Stock Update with an annotated graph appeared on 10/4/2011. 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
MG - NYSE Mistras Group Inc DIVERSIFIED SERVICES - Bulding and Faci;ity Management Services	$20.48	+0.66 3.33%	$20.58	246,987 106.05% of 50 DAV 50 DAV is 232,900	$21.18 -3.31%	8/10/2011	$17.89	PP = $17.58
								MB = $18.46
Most Recent Note - 10/12/2011 5:43:42 PM G - Perched near its high with no resistance remaining due to overhead supply. However, higher volume totals without meaningful price progress are an indication of distributional pressure this week. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 10/12/2011. 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
OPNT - NASDAQ Opnet Technologies INTERNET - Internet Software and Services	$37.30	-0.51 -1.35%	$38.49	151,819 85.01% of 50 DAV 50 DAV is 178,600	$42.51 -12.26%	10/11/2011	$38.45	PP = $42.02
								MB = $44.12
Most Recent Note - 10/12/2011 5:45:24 PM Y - Finished with a small loss on lighter volume today after encountering distributional pressure on the prior session. See the latest FSU analysis for more details and an annotated weekly graph. >>> The latest Featured Stock Update with an annotated graph appeared on 10/11/2011. 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
V - NYSE Visa Inc Cl A DIVERSIFIED SERVICES - Business/Management Services	$91.17	+0.66 0.73%	$92.33	4,766,264 75.47% of 50 DAV 50 DAV is 6,315,600	$94.75 -3.78%	9/20/2011	$93.91	PP = $90.93
								MB = $95.48
Most Recent Note - 10/12/2011 5:46:13 PM G - Up again today for a 3rd consecutive gain with lighter than average volume while rebounding further 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 10/10/2011. 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

THESE ARE NOT BUY RECOMMENDATIONS! Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. This site is not an investment advisor, hence it does not endorse or recommend any securities or other investments. 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. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

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