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AFTER MARKET UPDATE - FRIDAY, NOVEMBER 12TH, 2010
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Indices NYSE Nasdaq
DOW  -90.52 11,192.58 -0.80% Volume 1,011,681,224 +6% Volume 2,199,544,603 -14%
NASDAQ -37.31 2,518.21 -1.46% Advancers 515 17% Advancers 508 19%
S&P 500 -14.33 1,199.21 -1.18% Decliners 2,471 81% Decliners 2,138 78%
Russell 2000 -12.31 719.27 -1.68% 52 Wk Highs 48   52 Wk Highs 51  
S&P 600 -5.99 383.18 -1.54% 52 Wk Lows 18   52 Wk Lows 38  

Breadth Negative As S&P 500 Snaps 5-Week Streak Of Gains

For the week, the Dow Jones Industrial Average fell -2.2%, the S&P 500 was down -2.1% while it snapped a five-week rally, and the Nasdaq Composite Index lost -2.3%. Following Veterans Day, decliners on Friday outnumbered advancers by a 5-to-1 ratio on the NYSE and by a 4-to-1 ratio on the Nasdaq exchange. Volume totals were reported mixed, lighter than Thursday's totals on the Nasdaq exchange, but heavier on the NYSE. There were only 18 high-ranked companies from the CANSLIM.net Leaders List making new 52-week highs and appearing on the CANSLIM.net BreakOuts Page, down considerably from the total of 51 issues on the prior session. Leadership has waned significantly since November 4th, when were 188 stocks appearing on the CANSLIM.net BreakOuts Page, and new highs totals were almost 3 to 5 times higher on the Nasdaq and NYSE, respectively. If high-ranked leaders begin breaking down in the weeks ahead, there needs to be a healthy crop of high-ranked leaders showing up and replacing them in order for the rally to be sustainable.

 

US Treasuries fell after the Fed started a second round of monetary easing. The 1-year Treasury was down more than a point to yield 2.79%. A sharp sell-off in commodities led the major stock averages lower. Energy and mining stocks dropped on concerns that demand would slow if China raises interest rates to fight inflation. Freeport-McMoran Copper & Gold (FCX -3.8%) slumped as gold and oil prices tumbled.  

Silver Wheaton Corp (SLW -4.52%) also backpedaled and several high-ranked stocks currently listed on the Featured Stocks Page have been whipsawed in the course of the past few sessions. S T R Holdings Inc (STRI -17.58%) gapped down today following its report of +39% earnings on +45% sales for the quarter ended September 30, 2010, immediately violating its 50-day moving average (DMA) line and 200 DMA line triggering technical sell signals. Prior lows in the $19.50 area may act as a support level, however its outlook is questionable after worrisome distributional action.

Apple Corp (AAPL -2.7%) sank on analyst comments that tablets may not sell as well as expected. Intel Corp (INTC +1.5%) traded up after increasing its dividend. DR Horton (DRH -5.4%) was a drag on homebuilders as the company said achieving profits next year will be a greater challenge, expecting that its sales will be slower.

With all of the media attention given to the world's debt concerns, keep in mind that the debt being talked about represents increasing goodwill and efforts to sustain the recovery effort following a global crisis. Keep your focus on the action in the major averages and high-ranked leaders to know that your investment portfolio is in proper step with the market direction (M criteria).

PICTURED: The S&P 500 Index has been slumping after recently topping its April 2010 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.


Commodity-Linked Groups Finished On A Weak Note

Commodity-linked groups were laggards on Friday as the Gold & Silver Index ($XAU -2.67%) fell and the Oil Services Index ($OSX -2.72%) and Integrated Oil Index ($XOI -1.14%) both lost ground.  Weak action in other influential groups weighed on the major averages as the Bank Index ($BKX -2.00%) and Broker/Dealer Index ($XBD -1.31%) fell and the Retail Index ($RLX -1.49%) slumped. Weakness in the Healthcare Index ($HMO -1.14%) and tech indices including the Biotechnology Index ($BTK -1.61%), Internet Index ($IIX -1.36%), and Networking Index ($NWX -0.40%) rounded out a mostly negative session while the Semiconductor Index ($SOX +0.03%) was unchanged.

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX -1.49%) finished the week -4.3% off its April 2010 recovery high. The consumer plays a big role in the economic recovery, and watching this index will be a good way to see how it is going for the consumer, rather than obsessing over headlines concerning unemployment, quantitative easing, and sovereign debt woes.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  222.13 -6.20 -2.72% +13.96%
Healthcare $HMO  1,668.65 -19.23 -1.14% +13.29%
Integrated Oil $XOI  1,128.94 -12.97 -1.14% +5.69%
Semiconductor $SOX  382.61 +0.12 +0.03% +6.31%
Networking $NWX  267.68 -1.08 -0.40% +15.85%
Internet $IIX  302.88 -4.17 -1.36% +29.51%
Broker/Dealer $XBD  112.82 -1.49 -1.31% -1.94%
Retail $RLX  478.26 -7.22 -1.49% +16.33%
Gold & Silver $XAU  216.10 -5.93 -2.67% +28.44%
Bank $BKX  47.06 -0.96 -2.00% +10.18%
Biotech $BTK  1,156.62 -18.95 -1.61% +22.77%


Failed Breakout After Negative Reversal At New High Raised Concerns

S T R Holdings Inc (STRI -17.58%) gapped down today following its report of +39% earnings on +45% sales for the quarter ended September 30, 2010, immediately violating its 50-day moving average (DMA) line and 200 DMA line triggering technical sell signals. Damaging distribution had promptly negated latest breakout. Prior lows in the $19.50 area may act as a support level, however its outlook is questionable and it will be dropped from the Featured Stocks list tonight based upon the distributional action coupled with the market's poor response following its latest earnings report. Disciplined investors who follow the rule of selling if a stock ever falls more than -7% from their buy price were likely to have sold prior to the considerable gap down today.

STRI was recently featured in the 11/08/10 mid-day report (read here) and had finished that session strong, hitting a new 52-week high with more than 3 times average volume, triggering a technical buy signal. Attention was given to the point that earnings news for the latest quarter was due soon, and that volume and volatility often increase near earnings news.  It was noted - "Careful trading discipline can be crucial to your success. Disciplined investors avoid chasing stocks extended more than +5% above prior highs and always limit losses if a stock falls more than -7% from their purchase price. This high-ranked firm hailing from the Energy - Solar group's limited history since public trading began on 11/06/09 is a concern, meanwhile it formed an orderly base since a Secondary Offering was completed on 4/16/10."

Investors were alerted to worrisome distributional action in ongoing notes that were published as it color code was changed from yellow to green after a "negative reversal" was noted on 11/10/10 (see "view all notes" links). Active investors can be immediately emailed copies of the latest notes without waiting to read them in the published reports. Simply click the "Alert me of new notes" link by any stock you wish to add to your (Alerts) watchlist.


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
ABV - NYSE
Comp De Bebidas Adr
FOOD and BEVERAGE - Beverages - Brewers  
$137.12 -1.07
-0.77%

$139.66

737,631
112.51% of 50 DAV
50 DAV is 655,600
$145.36
-5.67%
11/4/2010 $142.35 PP = $143.63
MB = $150.81
Most Recent Note - 11/12/2010 5:46:53 PM
Y - Disciplined investors may consider any new high close above its pivot point with heavy volume to be a new (or add-on) buy signal. Recent low ($133.38 on 10/27/10) defines support above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/11/2010. Click here.

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ARUN - NASDAQ
Aruba Networks Inc
COMPUTER HARDWARE - Networking andamp; Communication Dev  
$22.72 -0.41
-1.77%

$23.47

1,394,053
56.99% of 50 DAV
50 DAV is 2,446,300
$23.85
-4.74%
8/30/2010 $18.12 PP = $18.51
MB = $19.44
Most Recent Note - 11/11/2010 11:36:14 AM
G - Pulling back today while many issues in the Internet - Network Solutions group are enduring pressure after a disappointing report for Computer - Networking giant, Cisco Systems (CSCO -14.78%). ARUN stubbornly held its ground after recent volume driven gains, however it has not formed a sound new base pattern. Earnings news is due on Wednesday, November 17, 2010 for its latest quarter ended October 31, 2010.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/26/2010. Click here.

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BIDU - NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers  
$110.64 -3.46
-3.03%

$114.30

15,485,576
134.22% of 50 DAV
50 DAV is 11,537,300
$115.04
-3.82%
9/17/2010 $85.73 PP = $88.42
MB = $92.84
Most Recent Note - 11/12/2010 3:46:20 PM
G - Erased the prior session's gain with volume above average. It may produce more climactic gains, however it is extended from a sound base pattern now and a riskier "late stage" candidate. BIDU is up 11-fold from when it was first featured in yellow on October 30, 2006 (read here). Following a deep correction and Bear Market, it has been a fixture on the Featured Stocks page and rallied +212% in the 14 months since returning to prominence September 8, 2009 (read here).
>>> The latest Featured Stock Update with an annotated graph appeared on 10/7/2010. Click here.

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CACC - NASDAQ
Credit Acceptance Corp
FINANCIAL SERVICES - Credit Services  
$59.04 -0.53
-0.89%

$59.43

20,273
77.97% of 50 DAV
50 DAV is 26,000
$63.45
-6.95%
11/3/2010 $59.86 PP = $63.55
MB = $66.73
Most Recent Note - 11/10/2010 6:07:48 PM
Y - Small gain today with above average volume, finding support above its 50 DMA line. Perched -5% off its 52-week high, any subsequent breakout above its pivot point on heavy volume could trigger a new (or add-on) buy signal, meanwhile its $55.07 low (on 10/04/10) defines the nearest chart support level to watch above its long ago chart highs ($53.97).
>>> The latest Featured Stock Update with an annotated graph appeared on 10/29/2010. Click here.

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CMG - NYSE
Chipotle Mexican Grill
LEISURE - Restaurants  
$234.02 -3.74
-1.57%

$239.88

1,082,322
135.07% of 50 DAV
50 DAV is 801,300
$240.78
-2.81%
9/1/2010 $158.31 PP = $155.52
MB = $163.30
Most Recent Note - 11/10/2010 4:52:37 PM
G - Considerable gain today with above average volume for yet another new all-time high. It may produce more climactic gains, however it is very extended from any sound base pattern. Its 50 DMA line (now $185) defines the nearest chart support level.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/28/2010. 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
CTRP - NASDAQ
Ctrip.Com Intl Ltd Adr
LEISURE - Resorts and Casinos  
$47.93 -0.60
-1.24%

$48.17

1,933,374
100.02% of 50 DAV
50 DAV is 1,933,000
$53.16
-9.84%
9/24/2010 $46.75 PP = $47.11
MB = $49.47
Most Recent Note - 11/11/2010 11:29:53 AM
G - Rallying today after 6 consecutive losses with above average volume, finding support near prior highs in the $47 area and its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/28/2010. Click here.

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DECK - NASDAQ
Deckers Outdoor Corp
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$60.62 -1.42
-2.29%

$62.60

983,562
91.70% of 50 DAV
50 DAV is 1,072,600
$63.55
-4.61%
10/27/2010 $54.16 PP = $54.86
MB = $57.60
Most Recent Note - 11/12/2010 4:50:25 PM
G - Extended from its latest sound base, consolidating well above prior highs in the $54-56 area defining important chart support to watch.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/27/2010. Click here.

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EBIX - NASDAQ
Ebix Inc
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$21.72 -2.02
-8.51%

$23.62

2,197,678
312.93% of 50 DAV
50 DAV is 702,300
$28.21
-23.01%
9/23/2010 $21.78 PP = $22.74
MB = $23.88
Most Recent Note - 11/12/2010 4:42:43 PM
G - Violated its 50 DMA line and prior chart lows today with a damaging loss on 3 times average volume after a gap down, triggering technical sell signals and closing near the session low. Only a prompt rebound above its short-term average would help its outlook.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/24/2010. Click here.

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EZPW - NASDAQ
Ezcorp Inc Cl A
SPECIALTY RETAIL - Specialty Retail, Other  
$25.19 -0.32
-1.25%

$25.58

395,685
131.81% of 50 DAV
50 DAV is 300,200
$25.65
-1.79%
11/5/2010 $24.02 PP = $23.85
MB = $25.04
Most Recent Note - 11/12/2010 5:35:40 PM
G - Hovering at its all-time high, stubbornly holding its ground after a streak of gains with above average volume. Technically, it broke out from a 6-month cup shaped base without a proper handle last week.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/6/2010. Click here.

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FFIV - NASDAQ
F 5 Networks Inc
INTERNET - Internet Software and Services  
$123.86 +0.16
0.13%

$127.95

2,980,355
114.96% of 50 DAV
50 DAV is 2,592,500
$125.39
-1.22%
6/16/2010 $74.50 PP = $74.10
MB = $77.81
Most Recent Note - 11/12/2010 5:48:41 PM
G - Holding its ground stubbornly and inching to another new all-time high today with a 3rd consecutive gain. Prior highs in the $112 area define chart initial support.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/13/2010. 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
FOSL - NASDAQ
Fossil Inc
CONSUMER DURABLES - Recreational Goods, Other  
$67.74 -1.17
-1.70%

$68.98

902,248
116.60% of 50 DAV
50 DAV is 773,800
$70.07
-3.33%
10/20/2010 $54.12 PP = $55.61
MB = $58.39
Most Recent Note - 11/12/2010 4:52:47 PM
G - Holding its ground stubbornly after volume-driven gains, extended from any sound base. This high-ranked leader from the Retail/Wholesale Jewelry group reported very strong sales revenues and earnings increases for the quarter ended September 30, 2010 versus the year ago period, and its sales revenues increases have shown impressive acceleration in sequential quarterly comparisons.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/5/2010. Click here.

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HMSY - NASDAQ
H M S Holdings Corp
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service  
$61.10 -0.11
-0.18%

$61.64

221,666
103.58% of 50 DAV
50 DAV is 214,000
$62.91
-2.88%
9/27/2010 $57.97 PP = $58.36
MB = $61.28
Most Recent Note - 11/10/2010 6:23:08 PM
Y - Finished just 51 cents off its best ever close with a gain today on near average volume. Its Relative Strength rank has slumped to 76, below the 80+ guideline. Prompt support showed up near its 50 DMA line following its latest earnings report.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/27/2010. Click here.

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HS - NYSE
Healthspring Inc
HEALTH SERVICES - Health Care Plans  
$27.83 -0.17
-0.61%

$28.26

513,705
68.43% of 50 DAV
50 DAV is 750,700
$29.80
-6.61%
8/27/2010 $19.91 PP = $19.75
MB = $20.74
Most Recent Note - 11/10/2010 6:25:19 PM
G - Finished -6.1% off its 52-week high and closed at the session high after a positive reversal today. Near its 50 DMA line it recently found prompt support.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/22/2010. Click here.

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IGTE - NASDAQ
Igate Corp
COMPUTER SOFTWARE and SERVICES - Information Technology Service  
$22.33 -0.37
-1.63%

$22.73

730,958
109.47% of 50 DAV
50 DAV is 667,700
$22.72
-1.72%
10/26/2010 $17.29 PP = $19.55
MB = $20.53
Most Recent Note - 11/12/2010 4:54:39 PM
G - A small loss on average volume today ended a 4-session winning streak. Extended from its latest base, its prior chart highs in the $19 area define initial chart support above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/11/2010. Click here.

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JOBS - NASDAQ
Fifty One Job Inc Ads
DIVERSIFIED SERVICES - Staffing and; Outsourcing Service  
$47.07 -2.68
-5.39%

$48.97

242,330
123.51% of 50 DAV
50 DAV is 196,200
$51.75
-9.04%
10/13/2010 $42.07 PP = $40.60
MB = $42.63
Most Recent Note - 11/12/2010 3:50:32 PM
G - Churned high volume without making progress this week following Monday's gain. It may produce more climactic gains, however it is extended from a sound base. Initial support is defined buy an upward trendline connecting its September-November lows.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/16/2010. 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
LFT - NYSE
Longtop Financl Tech Ads
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$41.04 -0.43
-1.04%

$41.26

635,436
123.89% of 50 DAV
50 DAV is 512,900
$42.86
-4.25%
11/5/2010 $41.83 PP = $40.96
MB = $43.01
Most Recent Note - 11/11/2010 11:53:26 AM
Y - Gapped down today for a small loss, pulling back from an all-time high hit on the prior session. Prior highs in the $40-41 area define support above its 50 DMA line
>>> The latest Featured Stock Update with an annotated graph appeared on 10/14/2010. Click here.

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LULU - NASDAQ
Lululemon Athletica
MANUFACTURING - Textile Manufacturing  
$47.42 -0.89
-1.84%

$48.21

763,798
62.82% of 50 DAV
50 DAV is 1,215,800
$49.75
-4.68%
10/8/2010 $47.66 PP = $46.67
MB = $49.00
Most Recent Note - 11/12/2010 4:18:18 PM
Y - Consolidating in a healthy fashion with volume totals cooling after considerable gains with above average volume. Its 50 DMA line is an initial support level above recent lows in the $42 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/8/2010. Click here.

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MWIV - NASDAQ
M W I Veterinary Supply
HEALTH SERVICES - Medical Instruments and; Supplies  
$58.79 -0.41
-0.69%

$59.12

25,097
43.57% of 50 DAV
50 DAV is 57,600
$63.94
-8.05%
11/4/2010 $61.79 PP = $59.60
MB = $62.58
Most Recent Note - 11/10/2010 5:25:57 PM
Y - Gain today with near average volume for its second best close ever following a pullback below its pivot point. Healthy stocks rarely slump more than -7% below their pivot points in a bullish market environment. For MWIV to sink that far it would first violate its 50 DMA line ($56.74 now) repeatedly noted as a very important support level.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/2/2010. Click here.

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NEM - NYSE
Newmont Mining Corp
METALS and MINING - Gold  
$61.55 -1.47
-2.33%

$62.80

6,005,397
87.50% of 50 DAV
50 DAV is 6,863,300
$65.50
-6.03%
8/31/2010 $61.32 PP = $63.48
MB = $66.65
Most Recent Note - 11/12/2010 4:21:33 PM
G - Gapped down today and closed below its 50 DMA line, yet it remains only -6% off its 52-week high. Distributional action has raised concerns, meanwhile its Relative Strength rank has also slumped to 67, below the 80+ guideline. Recent lows in the $57 area define near-term support above its 200 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/10/2010. Click here.

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NEOG - NASDAQ
Neogen Corp
DRUGS - Diagnostic Substances  
$35.95 -0.53
-1.45%

$36.61

40,328
38.70% of 50 DAV
50 DAV is 104,200
$36.90
-2.57%
9/1/2010 $30.79 PP = $30.49
MB = $32.01
Most Recent Note - 11/10/2010 5:16:29 PM
G - Closed at its session high and all-time high today with a gain on light volume, and its color code is changed to green. Investors had recent opportunity to accumulate shares per the investment system guidelines for a "secondary buy point" noted since 11/02/10.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/13/2010. 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
NFLX - NASDAQ
Netflix Inc
SPECIALTY RETAIL - Music and Video Stores  
$173.00 -2.14
-1.22%

$176.89

4,166,137
73.50% of 50 DAV
50 DAV is 5,668,500
$184.74
-6.35%
11/9/2010 $173.10 PP = $184.84
MB = $194.08
Most Recent Note - 11/10/2010 5:08:32 PM
Y - Finished the session near its high and less than $2 off its best ever close with its 4th consecutive gain without great volume conviction. It has formed an advanced "ascending base" type pattern marked by 3 pullbacks in the 10-20% range since its earlier technical breakout (on 8/10/10) from a double bottom base. Color code was changed to yellow with new pivot point cited based on its 52-week high plus ten cents. A subsequent breakout with heavy volume would signal a new (or add-on) technical buy signal, however it is a riskier "late stage" set-up.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/1/2010. Click here.

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NTAP - NASDAQ
Netapp Inc
COMPUTER HARDWARE - Data Storage Devices  
$54.11 -1.33
-2.40%

$55.50

7,336,257
103.01% of 50 DAV
50 DAV is 7,121,600
$57.96
-6.64%
9/8/2010 $46.98 PP = $44.99
MB = $47.24
Most Recent Note - 11/12/2010 4:13:37 PM
G - Down on average volume today, consolidating above its 50 DMA line and prior highs that define important chart support to watch. It is extended from any sound base.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/3/2010. Click here.

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ORCL - NASDAQ
Oracle Corp
COMPUTER SOFTWARE and SERVICES - Application Software  
$28.32 -0.25
-0.88%

$28.61

25,812,301
62.62% of 50 DAV
50 DAV is 41,217,800
$29.82
-5.03%
9/20/2010 $27.32 PP = $26.73
MB = $28.07
Most Recent Note - 11/12/2010 5:42:27 PM
Y - Perched -5% off its 52-week high after 6 consecutive losses. Volume totals have been cooling in recent weeks. Prior highs and its 50 DMA line define important chart support in the $27 area. Color code is changed to yellow as it may be considered buyable after finding support at its 10-week average up to +5% above its latest high ($29.82) as a valid secondary buy point. A new pivot point is not cited because it has not formed a sound new base pattern.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/20/2010. Click here.

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PAY - NYSE
Verifone Systems Inc
COMPUTER HARDWARE - Transaction Automation Systems  
$32.56 -1.03
-3.07%

$33.48

775,069
57.12% of 50 DAV
50 DAV is 1,357,000
$35.94
-9.40%
8/25/2010 $24.30 PP = $23.74
MB = $24.93
Most Recent Note - 11/12/2010 4:02:10 PM
G - Consolidating above prior highs ($31.40) and its 50 DMA line with volume totals cooling. It has the look of an advanced "ascending base" pattern after an impressive rally from its 7/26/10 breakout.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/25/2010. Click here.

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RAX - NYSE
Rackspace Hosting Inc
INTERNET - Internet Software and; Services  
$27.89 -0.76
-2.65%

$28.50

1,389,658
53.18% of 50 DAV
50 DAV is 2,612,900
$29.35
-4.97%
9/21/2010 $22.84 PP = $23.61
MB = $24.79
Most Recent Note - 11/12/2010 4:25:27 PM
G - This high-ranked Internet - Network Solutions firm is perched near all-time highs with no resistance due to overhead supply. It is extended from a sound base. Prior highs near $26 define initial chart support above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/21/2010. 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
ROVI - NASDAQ
Rovi Corp
COMPUTER SOFTWARE andamp; SERVICES - Security Software andamp; Services  
$52.22 -0.67
-1.27%

$52.66

861,034
53.16% of 50 DAV
50 DAV is 1,619,600
$53.61
-2.59%
10/29/2010 $49.99 PP = $53.10
MB = $55.76
Most Recent Note - 11/11/2010 4:32:14 PM
Y - Hovering near its 52 week high with volume totals recently drying up, a sign that only a few small investors are exiting. Disciplined investors will watch for subsequent gains above its pivot point with volume conviction that would trigger a new (or add-on) technical buy signal, and always limit losses if a stock falls more than -7% from the purchase price, per the system guidelines. Initial support to watch is defined by its 50 DMA line, then its prior chart low, where violations would trigger technical sell signals.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/20/2010. Click here.

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SHOO - NASDAQ
Steven Madden Limited
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$41.00 -0.38
-0.92%

$41.63

226,274
65.15% of 50 DAV
50 DAV is 347,300
$44.85
-8.58%
9/15/2010 $38.94 PP = $40.27
MB = $42.28
Most Recent Note - 11/11/2010 4:25:00 PM
G - Recently finding support above its 50 DMA line and prior chart highs in the $40 area. More damaging losses leading to a close below its short-term average would raise concerns and trigger technical sell signals.
>>> The latest Featured Stock Update with an annotated graph appeared on 9/29/2010. Click here.

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SLW - NYSE
Silver Wheaton Corp
METALS and; MINING - Silver  
$33.79 -1.60
-4.52%

$34.73

16,038,119
200.77% of 50 DAV
50 DAV is 7,988,200
$37.20
-9.17%
8/25/2010 $21.40 PP = $21.99
MB = $23.09
Most Recent Note - 11/12/2010 11:59:54 AM
G - Very extended from any sound base, it flashed a worrisome "negative reversal" on 11/09/10. It gapped down today following its best ever close, erasing the prior session's gain and more. Its 50 DMA line and prior highs in the $28 area define the nearest chart support.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/18/2010. Click here.

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STRI - NYSE
S T R Holdings Inc
ELECTRONICS - Semiconductor - Specialized  
$20.21 -4.31
-17.58%

$21.61

6,071,941
1,096.81% of 50 DAV
50 DAV is 553,600
$28.16
-28.23%
11/8/2010 $26.52 PP = $26.43
MB = $27.75
Most Recent Note - 11/12/2010 11:38:18 AM
G - Gapped down today, immediately violating its 50 and 200 DMA lines triggering technical sell signals. Prior lows in the $19.50 area may act as a support level, however it will be dropped from the Featured Stocks list tonight based upon the prior distributional action coupled with the market's response following its report of +39% earnings on +45% sales for the quarter ended September 30, 2010.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/12/2010. Click here.

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UA - NYSE
Under Armour Inc Cl A
CONSUMER NON-DURABLES - Textile - Apparel Clothing  
$50.55 -1.42
-2.73%

$51.93

451,960
57.60% of 50 DAV
50 DAV is 784,700
$52.30
-3.35%
9/9/2010 $39.99 PP = $40.10
MB = $42.11
Most Recent Note - 11/12/2010 4:09:45 PM
G - Extended from any sound base and support at its 50 DMA line. It has not encountered any distributional pressure and could produce more climactic gains. Some fundamental flaws with respect to the fact-based investment system have been recently noted as concerns.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/4/2010. 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
ULTA - NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other  
$31.98 -0.77
-2.35%

$32.74

316,900
48.94% of 50 DAV
50 DAV is 647,500
$33.50
-4.54%
9/3/2010 $26.36 PP = $25.89
MB = $27.18
Most Recent Note - 11/11/2010 4:23:29 PM
G - It could produce more climactic gains, however it is currently extended from any sound base. Volume totals have been drying up since its big gain on 10/12/10. It is within close striking distance of its all-time high of $35.63 in Nov '07. Its 50 DMA line defines initial support to watch above prior chart highs in the $26 area.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/1/2010. Click here.

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VIT - NYSE
Vanceinfo Tech Inc Ads
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$35.36 -1.11
-3.04%

$36.26

800,310
134.60% of 50 DAV
50 DAV is 594,600
$38.43
-7.99%
7/8/2010 $25.20 PP = $26.58
MB = $27.91
Most Recent Note - 11/12/2010 3:54:18 PM
G - It could produce more climactic gains, meanwhile, its 50 DMA line defines important chart support to watch. VIT endured distributional pressure this week after it had been repeatedly noted - "Extended from any sound base pattern."
>>> The latest Featured Stock Update with an annotated graph appeared on 10/21/2010. Click here.

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