FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, November 14th, 2012

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AFTER MARKET UPDATE - WEDNESDAY, NOVEMBER 14TH, 2012

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Indices				NYSE			Nasdaq
DOW	-185.23	12,570.95	-1.45%	Volume	830,209,180	+23%	Volume	2,027,874,520	+17%
NASDAQ	-37.08	2,846.81	-1.29%	Advancers	331	10%	Advancers	505	20%
S&P 500	-19.04	1,355.49	-1.39%	Decliners	2,783	88%	Decliners	1,962	76%
Russell 2000	-15.81	773.20	-2.00%	52 Wk Highs	24		52 Wk Highs	15
S&P 600	-3.94	457.34	-0.85%	52 Wk Lows	197		52 Wk Lows	136

Indices Fall With Higher Volume and Very Negative Breadth
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Large losses sent the major averages deeper below their 200-day moving average (DMA) lines on Wednesday, continuing the previously noted market correction. The volume totals were reported higher on the NYSE and on the Nasdaq exchange versus the prior session's totals, a sign of still greater distributional pressure coming from the institutional crowd. Decliners led advancers by more than 8-1 on the NYSE and by about 4-1 on the Nasdaq exchange. The total number of stocks hitting new 52-week lows outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. Leadership further evaporated as there were only 4 high-ranked companies from the CANSLIM.net Leaders List making new 52-week highs and appearing on the CANSLIM.net BreakOuts Page, down from the prior session total of 10 stocks. There were 13 losses from the 14 high-ranked companies currently included on the Featured Stocks Page, a list that has been shrinking lately while the market environment has deteriorated.

Fiscal cliff and euro zone debt concerns overshadowed another batch of encouraging earnings reports. President Obama held firm on his stance to extend existing tax rates for only households earning less than $250,000. Over in Europe, anti-austerity strikes and Greece's debt woes added to the negative tone. In addition, the euro-area's industrial production fell by the most since January 2009. Weak economic data also put a damper on sentiment. Superstorm Sandy caused retail sales to drop in October for the first time in four months. Wholesale prices also gave up ground in October as energy and vehicle costs dropped. The latest FOMC minutes also garnered attention which signaled the Fed may increase bond purchases when its Operation Twist program expires.

All of the 10 sectors on the S&P were lower, led by declines in material stocks including Alcoa Inc (AA -2.17%) and U.S. Steel Corp (X -4.41%). On the earnings front, Cisco Systems Inc (CSCO +4.81%) rallied after the company topped analysts' expectations in the quarter. Also on the upside, Abercrombie & Fitch Co (ANF +34.45%) and Staples (SPLS +2.62%) rallied on better-than-expected profit tallies.

In fixed-income, Treasuries saw minor gains with the 10-year note up 3/32 to yield 1.58%.

Regular readers may note that this commentary first mentioned a "market correction" on October 11th, calling for reduced market exposure repeatedly if investors were not already completely in cash. During market corrections the M criteria argues against new buying efforts and urges investors to take a defensive stance to protect precious capital. That stance can change back to a bullish stance where buying is encouraged when at least one of the three major averages produces a solid follow-through day (FTD). A FTD confirming a new rally requires substantial gains on higher (ideally above average) volume, coupled with healthy leadership and a respectable number of stocks hitting new 52-week highs. Historic studies have shown that a FTD occurring between Days 4-7 of a new rally effort has often signaled the beginning of the most substantial market rallies.

Investors should always limit losses if ever any stock falls more than -7% from their purchase price. Following strict sell rules is precisely how this fact-based investment system prompts investors to reduce exposure and protect cash during market downturns. Keep a watchlist of strong acting stocks with all-key criteria in anticipation of the next confirmed uptrend. See the noteworthy candidates included on the Featured Stocks Page.

Watch for an announcement via email concerning the next WEBCAST. The webcast will also be available via an updated link highlighted at the top of the Premium Member Homepage.

PICTURED: The Nasdaq Composite Index slumped further below its 200-day moving average (DMA) line as the tech-heavy index finished -10.95% off its 2012 high hit on 9/21/12. It finished near the session low just +4.4% above its 6/04/12 low. Bargain hunting is never a part of the fact-based approach supported by CANSLIM.net. Until the major averages produce a new confirmed rally with a follow-through day, disciplined investors know that it is most important to be protecting cash.

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, Tech, Retail, Commodity-Linked, and Healthcare Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Gold & Silver Index ($XAU -4.66%) was a standout decliner. Financial shares were a drag on the major averages as the Bank Index ($BKX -2.06%) and Broker/Dealer Index ($XBD -2.49%) slumped. The Retail Index ($RLX -0.90%) was weak, and the tech sector saw unanimous losses from the Biotechnology Index ($BTK -1.92%), Semiconductor Index ($SOX -1.51%), Internet Index ($IIX -0.93%), and the Networking Index ($NWX -0.40%). Energy-related shares headed lower as the Oil Services Index ($OSX -1.56%) and Integrated Oil Index ($XOI -1.42%) declined. The Healthcare Index ($HMO -1.54%) rounded out the thoroughly negative session with a loss.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX -2.06%) violated its 200-day moving average (DMA) line with a damaging loss.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	207.04	-3.29	-1.56%	-4.27%
Healthcare	$HMO	2,400.57	-37.43	-1.54%	+5.21%
Integrated Oil	$XOI	1,172.52	-16.91	-1.42%	-4.60%
Semiconductor	$SOX	360.94	-5.52	-1.51%	-0.96%
Networking	$NWX	198.00	-0.79	-0.40%	-7.98%
Internet	$IIX	301.42	-2.83	-0.93%	+6.98%
Broker/Dealer	$XBD	79.68	-2.04	-2.49%	-4.31%
Retail	$RLX	650.90	-5.89	-0.90%	+24.41%
Gold & Silver	$XAU	168.49	-8.23	-4.66%	-6.73%
Bank	$BKX	46.68	-0.98	-2.06%	+18.54%
Biotech	$BTK	1,429.25	-27.99	-1.92%	+30.95%

Consolidating Following Sub Par Earnings Report
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

L K Q Corp (LKQ -$0.51 or -2.44% to $20.37) suffered its 6th consecutive small loss today with below average volume. No resistance remains due to overhead supply. It has been showing impressive resilience and strength after reporting earnings +6% on +30% sales revenues for the Sep '12 quarter (see red circle). Results below the +25% minimum earnings guideline (C criteria) raised fundamental concerns. Disciplined investors may sooner look for a more ideal buy candidate without any fundamental flaws once the market resumes its rally. The M criteria currently argues against new buying efforts and strongly suggests that investors protect capital.

Its last appearance in this FSU section was on 10/19/12 with an annotated graph under the headline, " Resilient Action Following Prior Shakeouts", and it went on to new all-time highs before its latest consolidation. Another lingering concern is the group's below average Group Relative Strength Rating (D) while other leaders in the group have struggled in recent months. Ownership by top-rated funds rose from 456 in Sep '11 to 580 in Sep '12, a reassuring sign concerning the I criteria. The company has maintained a strong annual earnings (A criteria) growth history. It changed its ticker symbol (from LKQX) and found support above its 200 DMA line in recent months. It had survived but failed to impress since dropped from the Featured Stocks list on 4/09/08.

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
ASPS - NASDAQ Altisource Ptf Sltns Sa REAL ESTATE - Property Management/Developmen	$102.44	-3.07 -2.91%	$105.15	291,202 130.88% of 50 DAV 50 DAV is 222,500	$129.72 -21.03%	9/24/2012	$87.24	PP = $92.39
								MB = $97.01
Most Recent Note - 11/14/2012 4:31:35 PM Sank on higher volume today indicative of distributional pressure and finished -21% off its 52-week high. It will be dropped from the Featured Stocks list tonight. It may find support at its 50 DMA line and recent lows, but subsequent violations would raise more serious concerns and trigger technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 11/9/2012. 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
CFNL - NASDAQ Cardinal Financial Corp BANKING - Regional - Southeast Banks	$15.32	-0.36 -2.30%	$15.68	137,314 98.36% of 50 DAV 50 DAV is 139,600	$16.21 -5.49%	8/17/2012	$12.84	PP = $13.31
								MB = $13.98
Most Recent Note - 11/13/2012 12:16:24 PM G - Consolidating after getting extended from its prior base. Prior high ($14.79 on 9/24/12) defines initial support to watch above its 50 DMA line. Disciplined investors may watch out for worrisome technical sell signals while awaiting a new base or secondary buy point and more favorable market. >>> The latest Featured Stock Update with an annotated graph appeared on 10/25/2012. 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
CMCSA - NASDAQ Comcast Corp Cl A MEDIA - CATV Systems	$35.40	-0.71 -1.97%	$36.22	13,573,544 106.76% of 50 DAV 50 DAV is 12,714,400	$37.96 -6.74%	6/11/2012	$29.94	PP = $30.98
								MB = $32.53
Most Recent Note - 11/14/2012 4:57:24 PM G - Loss today on near average volume violated its 50 DMA line raising concerns and triggering a technical sell signal. Only a prompt rebound above that short-term average would help its outlook improve. Reported earnings +39% on +15% sales revenues for the Sep '12 quarter, a reassuring follow-up to the previously noted sub par quarter. >>> The latest Featured Stock Update with an annotated graph appeared on 10/24/2012. 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
DVA - NYSE Davita Healthcare Prtns HEALTH SERVICES - Specialized Health Services	$112.05	-0.56 -0.50%	$113.51	749,856 86.73% of 50 DAV 50 DAV is 864,600	$116.50 -3.82%	9/5/2012	$102.92	PP = $100.62
								MB = $105.65
Most Recent Note - 11/12/2012 4:03:21 PM G - Holding its ground -3.2% off its 52-week high today. Fundamental concerns were raised after it reported earnings +3% on +12% sales for the Sep '12 quarter, below the guidelines of the fact-based system. >>> The latest Featured Stock Update with an annotated graph appeared on 11/8/2012. 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
GPX - NYSE G P Strategies Corp DIVERSIFIED SERVICES - Education and Training Services	$20.67	+0.03 0.15%	$20.79	83,886 146.40% of 50 DAV 50 DAV is 57,300	$21.44 -3.59%	10/8/2012	$20.00	PP = $20.77
								MB = $21.81
Most Recent Note - 11/14/2012 12:12:41 PM G - Still holding its ground but failing to make headway above previously stubborn resistance in the $20 area. Previously noted - "Recently reported earnings +0%* on +12% sales revenues for the Sep '12 quarter, below the +25% minimum earnings guideline, raising fundamental concerns."* >>> The latest Featured Stock Update with an annotated graph appeared on 10/16/2012. 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
LKQ - NASDAQ L K Q Corp WHOLESALE - Auto Parts	$20.37	-0.51 -2.44%	$21.21	1,437,156 87.31% of 50 DAV 50 DAV is 1,646,000	$21.95 -7.20%	8/9/2012	$18.97	PP = $18.72
								MB = $19.66
Most Recent Note - 11/14/2012 5:40:42 PM G - Fell for a 6th consecutive small loss today. Results below the +25% minimum earnings guideline (C criteria) recently raised fundamental concerns. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 11/14/2012. 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
MIDD - NASDAQ Middleby Corp MANUFACTURING - Diversified Machinery	$124.51	-1.76 -1.39%	$126.94	56,742 71.64% of 50 DAV 50 DAV is 79,200	$127.89 -2.64%	10/8/2012	$118.46	PP = $122.67
								MB = $128.80
Most Recent Note - 11/13/2012 3:35:30 PM Y - Trading up today with light volume within striking distance of a best-ever close. Reported earnings +23% on +18% sales for the Sep '12 quarter, below the +25% minimum earnings guideline (C criteria). The M criteria remains an overriding concern until a FTD confirms a new rally. >>> The latest Featured Stock Update with an annotated graph appeared on 10/22/2012. 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
N - NYSE Netsuite Inc DIVERSIFIED SERVICES - Business/Management Services	$58.07	-2.03 -3.38%	$60.47	246,789 47.69% of 50 DAV 50 DAV is 517,500	$67.02 -13.35%	8/20/2012	$55.88	PP = $59.32
								MB = $62.29
Most Recent Note - 11/14/2012 4:24:44 PM G - Slumping further below its 50 DMA line today, finishing -13.4% off its 52-week high. It did not form a sound new base pattern. Until the major averages are back in a confirmed rally the M criteria argues against any new buying efforts. Reported earnings +60% on +31% sales revenues for the Sep '12 quarter. >>> The latest Featured Stock Update with an annotated graph appeared on 10/26/2012. 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
OSIS - NASDAQ O S I Systems Inc ELECTRONICS - Semiconductor Equipment and Mate	$76.29	-0.77 -1.00%	$77.17	56,992 51.34% of 50 DAV 50 DAV is 111,000	$81.23 -6.08%	9/5/2012	$74.39	PP = $75.10
								MB = $78.86
Most Recent Note - 11/13/2012 6:05:42 PM G - Consolidating above its 50 DMA line, an important support level. It has not formed a sound new base pattern. See the latest FSU analysis for more details and a new annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 11/13/2012. 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
RAX - NYSE Rackspace Hosting Inc INTERNET - Internet Software and; Services	$60.52	-1.83 -2.94%	$63.49	1,464,730 84.44% of 50 DAV 50 DAV is 1,734,600	$69.81 -13.31%	11/6/2012	$65.44	PP = $69.91
								MB = $73.41
Most Recent Note - 11/14/2012 4:26:49 PM G - Slumped further below its 50 DMA line today. A rebound above that short-term average is needed for its technical stance to improve. >>> The latest Featured Stock Update with an annotated graph appeared on 11/6/2012. 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
RNF - NYSE Rentech Nitrogen Ptnr Lp CHEMICALS - Agricultural Chemicals	$37.37	-1.35 -3.49%	$39.24	446,312 114.32% of 50 DAV 50 DAV is 390,400	$41.15 -9.19%	11/1/2012	$39.11	PP = $40.15
								MB = $42.16
Most Recent Note - 11/14/2012 4:28:49 PM Y - Slumped near important support at its 50 DMA line today and finished near the session low with slightly higher volume behind its loss. Endured distributional pressure amid a negative market (M criteria) after hitting a new 52-week high on 11/02/12 and a worrisome "negative reversal" for a loss with above average volume. >>> The latest Featured Stock Update with an annotated graph appeared on 11/2/2012. 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
TDG - NYSE Transdigm Group Inc AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services	$131.39	-4.61 -3.39%	$136.71	505,971 101.42% of 50 DAV 50 DAV is 498,900	$140.49 -6.48%	8/16/2012	$132.23	PP = $136.44
								MB = $143.26
Most Recent Note - 11/14/2012 4:19:44 PM G - Volume increased to near average while a large loss today led to a violation and close below its 50 DMA line triggering a technical sell signal. Only a prompt rebound above that short-term average would help its outlook. >>> The latest Featured Stock Update with an annotated graph appeared on 10/23/2012. 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
VSI - NYSE Vitamin Shoppe Inc SPECIALTY RETAIL - Specialty Retail, Other	$56.52	-1.16 -2.01%	$57.79	232,613 80.54% of 50 DAV 50 DAV is 288,800	$61.89 -8.68%	10/15/2012	$57.82	PP = $60.08
								MB = $63.08
Most Recent Note - 11/14/2012 4:21:48 PM G - Slumped deeper into its prior base finished below its 50 DMA line today and its color code is changed to green. Completely negated its 11/06/12 breakout. It released better than expected earnings +35% on +14% sales revenues for the Sep '12 quarter. >>> The latest Featured Stock Update with an annotated graph appeared on 11/12/2012. 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
WPI - NYSE Watson Pharmaceuticals DRUGS - Drugs - Generic	$83.01	-1.47 -1.74%	$84.96	772,734 91.73% of 50 DAV 50 DAV is 842,400	$90.00 -7.77%	8/24/2012	$82.90	PP = $81.10
								MB = $85.16
Most Recent Note - 11/14/2012 4:23:10 PM G - Slumping below its 50 DMA line today and finishing -7.8% off its 52-week high. Reported earnings +24% on +19% sales revenues for the Sep '12 quarter, a notch below the +25% minimum guideline (C criteria). >>> The latest Featured Stock Update with an annotated graph appeared on 11/1/2012. 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

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