FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, November 11th, 2009

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AFTER MARKET UPDATE - WEDNESDAY, NOVEMBER 11TH, 2009

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Indices				NYSE			Nasdaq
DOW	+44.29	10,291.26	+0.43%	Volume	1,045,722,880	-3%	Volume	1,891,243,900	-7%
NASDAQ	+15.82	2,166.90	+0.74%	Advancers	1,879	61%	Advancers	1,697	60%
S&P 500	+5.50	1,098.51	+0.50%	Decliners	1,124	36%	Decliners	1,018	36%
Russell 2000	+5.78	592.71	+0.98%	52 Wk Highs	211		52 Wk Highs	109
S&P 600	+2.81	314.35	+0.90%	52 Wk Lows	6		52 Wk Lows	22

Gains On Lighter Volume Reveal Lackluster Buying Demand
Adam Sarhan, Contributing Writer,

The major averages rallied on Wednesday, sending the benchmark S&P 500 Index to a fresh 2009 high on positive economic and political data. However, volume, a critical component of institutional demand, was reported lower on both major exchanges. That signaled that large institutions were not aggressively buying stocks. Advancers led decliners by about a 3-to-2 ratio on the NYSE and on the Nasdaq exchange. There were 47 high-ranked companies from the CANSLIM.net Leaders List making a new 52-week high and appearing on the CANSLIM.net BreakOuts Page, higher than the 36 issues that appeared on the prior session. In terms of new leadership, it was encouraging to see new 52-week highs outnumber new 52-week lows on the NYSE and Nasdaq exchange.

Overnight, China reported that its industrial production surged thanks in part to strong demand. This bodes well for the global economic recovery and helps allay concern that the 8-month rally in global equities is exaggerated. Elsewhere, the Fed signaled they do not plan on raising rates any time soon. This also removed a ton of pressure on those that subscribe to the notion that the stock market's 8-month advance was due to a massive government induced liquidity driven rally. The underlying notion is that banks are able to borrow money near record lows and then use that money however they may see fit. Most financial institutions have earned tremendous profits in recent quarters thanks in part to the relative ease of borrowing money. In general, people don't like to hold cash (especially when rates are near zero), instead they prefer to invest it. That basically summarizes the robust move we have seen in global capital markets in recent months.

The S&P 500 Index, which skidded -38% in 2008, has rebounded +62% from a 12-year low in March. So far, approximately eighty percent of S&P 500 companies have released their Q3 results and the market's reaction of late has been muted at best. At the beginning of earnings season, the market was steady, then sold off, then bounced back over the past week and a half as buyers showed up and bought shares. The average company in the S&P 500 that has reported their Q3 results have topped estimates according to the latest data provided by Bloomberg.com. The government reported that Q3 GDP rose last month which in part helped companies beat estimates.

PICTURED: The S&P 500 Index hit a new 2009 high before pulling back and closing below the 1,100 mark.

Financial And Tech Indexes Among Groups With Encouraging Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financial and tech sector gains were a source of encouraging strength that helped underpin the major averages' gains on Wednesday. The Broker/Dealer Index ($XBD +1.10%) and Bank Index ($BKX +1.12%) tallied small gains. The Semiconductor Index ($SOX +1.36%) and Networking Index ($NWX +1.72%) outpaced the Internet Index ($IIX +0.62%) and Biotechnology Index ($BTK +0.40%). The Healthcare Index ($HMO +0.82%) and Oil Services Index ($OSX +1.03%) also traded with a positive bias. Meanwhile, the Integrated Oil Index ($XOI -0.35%) and Retail Index ($RLX -0.32%) closed with slight losses, making them laggards on the mostly positive session.

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU +0.57%) has posted 8 consecutive gains, rallying from below its 50-day moving average (DMA) line to new 2009 highs.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	202.01	+2.05	+1.03%	+66.41%
Healthcare	$HMO	1,321.85	+10.69	+0.82%	+37.67%
Integrated Oil	$XOI	1,097.26	-3.84	-0.35%	+12.00%
Semiconductor	$SOX	315.76	+4.24	+1.36%	+48.82%
Networking	$NWX	227.91	+3.85	+1.72%	+58.39%
Internet	$IIX	225.38	+1.38	+0.62%	+68.48%
Broker/Dealer	$XBD	119.05	+1.29	+1.10%	+53.67%
Retail	$RLX	403.86	-1.31	-0.32%	+44.62%
Gold & Silver	$XAU	182.21	+1.03	+0.57%	+47.12%
Bank	$BKX	44.22	+0.49	+1.12%	-0.23%
Biotech	$BTK	903.49	+3.64	+0.40%	+39.61%

Choppy Action Has Not Allowed Sound Base To Form
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Green Mountain Coffee Roasters (GMCR +$2.77 or +3.79% to $75.91) posted a third consecutive gain today, rising with above average volume for its third highest close ever. That leaves almost no overhead supply remaining to act as resistance, however its choppy action in recent weeks has not allowed for a sound new base to form. It found support near its 50-day moving average line after it negated its recent breakout from a cup-with-high-handle pattern and slumped below its July highs, triggering technical sell signals.

Disciplined investors avoid buying stocks with flawed base patterns, and they always limit losses at any time a stock falls more than 7-8% from their buy price. If any add-on purchases were made after GMCR's later stage breakouts, those positions might have been sold to effectively limit risk, meanwhile, shares of the stock bought at earlier levels might still be justifiable to hold. Any deterioration under recent chart lows would raise concerns, and subsequent losses under its 50 DMA line would trigger technical sell signals as more worrisome signs of weakness.

Do not be confused by the 3-for-2 split that occurred in the interim, as GMCR has traded up as much as +204% since appearing with an annotated graph under the headline "It May Soon Be Time To Go Green" when featured in the January 2009 CANSLIM.net News (read here).

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 quote data in this table corresponds with the timestamp on the note***

Symbol/Exchange Company Name Industry Group	Last	Chg.	Vol % DAV	Date Featured	Price Featured	Latest Pivot Point Featured	Status
						Latest Max Buy Price
ARST -	$25.99	-0.73	524,687 78% DAV 670,900	9/1/2009 (Date Featured)	$19.91 (Price Featured)	PP = $20.90	G
						MB = $21.95
Most Recent Note - 11/11/2009 6:03:27 PM G - Small loss today on light volume broke a streak of 5 consecutive gains. Color code remains green while dismissing its 10/15/09 high as a new pivot point, with concern over its "late stage" action without a recent base of substantial length. ARST was first featured in yellow at $19.91 in the 9/01/09 mid-day report with an annotated daily graph (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 11/6/2009. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
ASIA -	$25.61	+0.58	1,423,846 177% DAV 805,700	10/14/2009 (Date Featured)	$23.05 (Price Featured)	PP = $22.19	G
						MB = $23.30
Most Recent Note - 11/11/2009 6:09:43 PM G - Small gap up gain today with above average volume for another new 52-week high, getting extended from its latest sound base. Featured 10/14/09 in the mid-day report (read here) as it gapped up for a new 52-week high with 5 times average volume, triggering a technical buy signal by blasting above its pivot point. First featured in the August 2009 CANSLIM.net News (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 10/30/2009. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
BIDU - NASDAQ Baidu Inc Ads INTERNET - Internet Information Providers	$430.51	+2.39	2,153,292 111% DAV 1,932,400	9/8/2009 (Date Featured)	$351.80 (Price Featured)	PP = $368.59	G
						MB = $387.02
Most Recent Note - 11/11/2009 6:13:25 PM G - Gain today was its 7th consecutive gain on light or near average volume, closing -2% from all-time highs. Proved resilient near its 50 DMA line after its 10/27/09 gap down. As recently noted, "Choppy action has not allowed it to form a sound base in recent weeks." BIDU traded up as much as +23% from its price when featured in yellow in the 9/08/09 Mid-Day BreakOuts Report (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 11/10/2009. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
CACC - NASDAQ Credit Acceptance Corp FINANCIAL SERVICES - Credit Services	$34.49	+0.63	29,083 76% DAV 38,200	9/29/2009 (Date Featured)	$33.48 (Price Featured)	PP = $32.60	G
						MB = $34.23
Most Recent Note - 11/11/2009 6:14:51 PM G - Small gap up gain today on light volume while still consolidating in an orderly fashion above prior chart highs and its 50 DMA line in the $32 area, coinciding as an important support level to watch on pullbacks. The Finance - Consumer/Commercial Loans firm has maintained a great track record of annual and quarterly sales revenues and earnings increases. It was featured on 9/29/09 in yellow in the mid-day report (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 11/5/2009. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
CRM - NYSE Salesforce.com Inc INTERNET - Internet Software & Services	$63.53	-0.14	1,788,957 89% DAV 2,012,800	8/16/2009 (Date Featured)	$47.12 (Price Featured)	PP = $45.59	G
						MB = $47.87
Most Recent Note - 11/11/2009 6:16:35 PM G - Holding its ground this week near 2009 highs. Found support and rallied up from its 50 DMA line last week after noted technical deterioration raised some concerns. Recent chart lows in the $56 area are important support now, and any violation would raise more serious concerns and trigger more worrisome technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 11/9/2009. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile
GMCR - NASDAQ Green Mtn Coffee Roastrs FOOD & BEVERAGE - Processed & Packaged Goods	$75.91	+2.77	3,385,185 279% DAV 1,213,500	10/5/2009 (Date Featured)	$71.11 (Price Featured)	PP = $75.89	G
						MB = $79.68
Most Recent Note - 11/11/2009 6:20:01 PM G - Posted a third consecutive gain today, rising with above average volume for its third highest close ever. That leaves almost no overhead supply remaining to act as resistance, however its choppy action in recent weeks has not allowed for a sound new base to form. Deterioration under its 50 DMA or recent lows near $65 would raise more serious concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 11/11/2009. click here.
C A S I \| News \| Chart \| SEC View all notes Alert me of new notes Company Profile

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