FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Friday, November 26th, 2010

<<<Previous Mid Day Report	Next Mid Day Report >>>
<<<Previous After Market Report	Next After Market Report >>>

You are not logged in.
This means you CAN ONLY VIEW reports that were published prior to Sunday, October 27, 2024.
You MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.

AFTER MARKET UPDATE - FRIDAY, NOVEMBER 26TH, 2010

Previous After Market Report Next After Market Report >>>

Indices				NYSE			Nasdaq
DOW	-95.28	11,092.00	-0.85%	Volume	428,500,000	-48%	Volume	624,511,256	-62%
NASDAQ	-8.56	2,534.56	-0.34%	Advancers	918	31%	Advancers	902	34%
S&P 500	-8.95	1,189.40	-0.75%	Decliners	1,930	65%	Decliners	1,581	60%
Russell 2000	-3.80	732.73	-0.52%	52 Wk Highs	71		52 Wk Highs	112
S&P 600	-2.18	389.80	-0.56%	52 Wk Lows	16		52 Wk Lows	36

Latest Rally Attempt Still Awaits Confirming Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The market followed Thanksgiving Day with a shortened trading session, and volume totals were obviously light as the major exchanges closed at 1PM EST on Friday and decliners led advancers by 2-1 on the NYSE and near a 3-2 ratio on the Nasdaq. New leadership was present and a total of 72 high-ranked companies from the CANSLIM.net Leaders List made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, however that was down from a total of 114 issues on Wednesday's session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. Ezcorp Inc (EZPW +3.81%) was the biggest gainer of the high-ranked leaders currently listed on the Featured Stocks Page as it rallied for a new all-time high, and its volume was near an average day's total for the holiday-shortened trading session.

Del Monte Foods Co. (DLM +4.67%) shares rose after a private equity group agreed to acquire the company in a $4 billion deal. And shares of retailers were in focus as investors waited for news on Black Friday sales.

The US dollar hit a seven-week high against the yen on concerns the conflict in the Korean peninsula could worsen, raising the demand for relatively safe assets. This week the major averages showed encouraging resilience since fighting broke out between North and South Korea. Additionally, stocks shrugged off the bad news as Federal Reserve officials raised their unemployment projections for the next two years, and lowered their outlook for growth in 2011. Concerns that Europe's debt crisis will spread are still looming. Financial stocks' weakness continued after recent FBI raids and an investigation into possible insider trading widened. As a "leading indicator" the group's weakness may hurt the latest rally attempt's chances.

Friday marked Day 7 of the new rally attempt. At its low on Tuesday the Dow Jones Industrial Average flirted with last week's lows and briefly traded under its 50-day moving average line. The S&P 500 Index narrowly avoided undercutting its 11/16/10 low, keeping its new rally effort intact. Unless last their Day 1 lows are undercut the possibility remains open for the major averages to produce a solid follow through day of gains on higher volume to reconfirm the rally. Disciplined investors will watch for a new confirmed rally with a follow-through day (FTD) gain of at least +1.8% from one or more of the major averages with higher volume and an expansion in leadership (new highs). A strong FTD would suggest that another sustainable advance may be at hand. Patience is called for before new buying efforts are justified. The latest correction could continue as more strong leaders may falter, prompting investors into reducing exposure rather than accumulating more shares. Keep your focus on the action in the major averages and high-ranked leaders to know that your investment portfolio is in proper step, and carefully manage you stock holdings on a case by case basis with quick reflexes if selling becomes necessary.

PICTURED: The Nasdaq Composite Index has not produced a follow-through day (FTD) of meaningful gains on higher volume since it dug in its heels for Day 1 of a new rally attempt on November 17th. Confirming gains meeting the definition of a FTD would be a welcome reassurance that the recovery rally may continue into new high territory while 2010 draws to a close.

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 and Financial Groups Led Decliners
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Commodity-linked groups were among Friday's weakest areas as the Gold & Silver Index ($XAU -1.74%), Oil Services Index ($OSX -1.53%), and Integrated Oil Index ($XOI -1.18%) sank. Financial shares were a negative influence as the Broker/Dealer Index ($XBD -1.15%) and Bank Index ($BKX -0.95%) continued foundering, weighing negatively on the latest rally attempt's chances. Losses for the Healthcare Index ($HMO -0.82%), Retail Index ($RLX -0.36%), and unanimous losses in the tech sector rounded out a lackluster session as the Networking Index ($NWX -0.81%) and Semiconductor Index ($SOX -0.67%) finished modestly lower and the Internet Index ($IIX -0.10%) ended almost unchanged.

Charts courtesy www.stockcharts.com

PICTURED: The Biotechnology Index ($BTK -0.52%) is trading -7.3% off its 52-week high while consolidating near its 50-day moving average line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	223.42	-3.46	-1.53%	+14.62%
Healthcare	$HMO	1,645.73	-13.56	-0.82%	+11.73%
Integrated Oil	$XOI	1,101.52	-13.19	-1.18%	+3.12%
Semiconductor	$SOX	396.03	-2.68	-0.67%	+10.04%
Networking	$NWX	265.53	-2.16	-0.81%	+14.92%
Internet	$IIX	306.41	-0.30	-0.10%	+31.02%
Broker/Dealer	$XBD	110.63	-1.28	-1.15%	-3.84%
Retail	$RLX	495.13	-1.80	-0.36%	+20.43%
Gold & Silver	$XAU	209.79	-3.72	-1.74%	+24.69%
Bank	$BKX	44.61	-0.43	-0.95%	+4.45%
Biotech	$BTK	1,169.02	-6.06	-0.52%	+24.08%

High-Ranked Computer Software Firm Perched Near Pivot Point
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Often, when a leading stock is setting up to breakout of a solid base it is highlighted in CANSLIM.net's Mid-Day Breakouts Report. The most relevant factors are noted in the report which allows prudent CANSLIM oriented investors to place the issue in their watch list. After doing any necessary backup research, the investor is prepared to act if and when the stock triggers a technical buy signal (breaks above its pivot point on more than +50% average turnover). In the event the stock fails to trigger a technical buy signal and its price declines then it will simply be removed from the watch list.

Camelot Info Systems Ads (CIS +0.87 or +4.86% to $18.77) posted a solid gain today with above average volume, nearly challenging its 52-week high after a choppy 8-week base during which it found prompt support after a 50-day moving average (DMA) violation. This Chinese Computer Software firm was featured in the 11/26/10 mid-day report (read here) as its color code was changed to yellow with a pivot point cited base on its 52-week high plus ten cents. Its sales revenues and earnings history appears to be very strong, and it has earned high ranks. Recent quarterly comparisons showed strong sales revenues and earnings increases above the +25% guideline, but decelerating sequentially. Disciplined investors resist the temptation to get in "early" while watching for a convincing breakout and a follow-through day (FTD) from at least one of the major averages (M criteria) as critical reassurances before new buying efforts are justified under the investment system guidelines.

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	$139.15	-2.09 -1.48%	$141.67	257,626 39.57% of 50 DAV 50 DAV is 651,000	$145.36 -4.27%	11/4/2010	$142.35	PP = $143.63
								MB = $150.81
Most Recent Note - 11/26/2010 1:11:02 PM Y - Consolidating near all-time highs with volume totals cooling in recent weeks. Confirming gains to new highs on heavy volume would be a reassuring sign of institutional demand. Meanwhile, recent lows defines support near its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 10/11/2010. 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
ARUN - NASDAQ Aruba Networks Inc COMPUTER HARDWARE - Networking andamp; Communication Dev	$23.94	+0.12 0.51%	$24.18	1,226,952 48.72% of 50 DAV 50 DAV is 2,518,400	$24.28 -1.40%	8/30/2010	$18.12	PP = $18.51
								MB = $19.44
Most Recent Note - 11/26/2010 1:18:20 PM G - Gains on this holiday-shortened week helped it rise above its 2007 peak to a new all-time high. Its 50 DMA line and an upward trendline connecting May - November lows define support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 10/26/2010. 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
BIDU - NASDAQ Baidu Inc Ads INTERNET - Internet Information Providers	$109.37	+0.37 0.34%	$109.66	4,495,267 36.36% of 50 DAV 50 DAV is 12,363,000	$115.04 -4.93%	9/17/2010	$85.73	PP = $88.42
								MB = $92.84
Most Recent Note - 11/26/2010 1:21:35 PM G - Volume totals have been cooling while consolidating above its 50 DMA line. A violation of its short-term average or recent chart lows would raise concerns and trigger technical sell signals. BIDU has been noted as a riskier "late stage" candidate after ongoing coverage, yet it could go on to produce more climactic gains. >>> The latest Featured Stock Update with an annotated graph appeared on 10/7/2010. 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
CACC - NASDAQ Credit Acceptance Corp FINANCIAL SERVICES - Credit Services	$61.15	-0.15 -0.24%	$61.30	3,723 14.95% of 50 DAV 50 DAV is 24,900	$63.45 -3.62%	11/22/2010	$59.97	PP = $62.00
								MB = $65.10
Most Recent Note - 11/24/2010 4:18:54 PM Y - Climbed further above its 50 DMA line today with a 6th consecutive gain, leaving it perched only -3.7% off its 52-week high. Currently building on a "double bottom" type base pattern, its 11/16/10 low ($54.12) defines initial support above its 200 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 10/29/2010. 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
CIS - NYSE Camelot Info Systems Ads COMPUTER SOFTWARE andamp; SERVICES - Information Technology Service	$18.77	+0.87 4.86%	$19.45	365,755 141.11% of 50 DAV 50 DAV is 259,200	$19.62 -4.33%	11/26/2010	$18.93	PP = $19.72
								MB = $20.71
Most Recent Note - 11/26/2010 11:06:48 AM Y - This Chinese Computer Software firm's gain today has it nearly challenging its 52-week high after a choppy 8-week base during which it found prompt support after a 50 DMA violation. Color code is changed to yellow with pivot point cited base on its 52-week high plus ten cents. Sales and earnings history appears to be very strong, and it has earned high ranks. Disciplined investors will resist the temptation to get in "early" while watching for a convincing breakout and a follow through day from at least one of the major averages (M criteria) as critical reassurances before new buying efforts are justified under the investment system guidelines. >>> The latest Featured Stock Update with an annotated graph appeared on 11/26/2010. 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
CMG - NYSE Chipotle Mexican Grill LEISURE - Restaurants	$255.65	+5.46 2.18%	$256.49	784,018 92.09% of 50 DAV 50 DAV is 851,400	$250.51 2.05%	9/1/2010	$158.31	PP = $155.52
								MB = $163.30
Most Recent Note - 11/26/2010 11:08:06 AM G - Gain for a 5th consecutive session today and yet another new all-time high. It is extended from any sound base pattern. Its 50 DMA line (now $201) defines the nearest chart support level. >>> The latest Featured Stock Update with an annotated graph appeared on 10/28/2010. 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
CTRP - NASDAQ Ctrip.Com Intl Ltd Adr LEISURE - Resorts and Casinos	$47.08	-0.95 -1.98%	$47.46	655,028 31.84% of 50 DAV 50 DAV is 2,057,200	$53.16 -11.44%	9/24/2010	$46.75	PP = $47.11
								MB = $49.47
Most Recent Note - 11/26/2010 12:59:14 PM G - Loss today has it finishing the week below its 50 DMA line after that short-term average acted as resistance. Gains lacked volume conviction after losses with above average volume raised concerns, and subsequent losses below its recent low ($45.05 on 11/16/10) would raise greater concerns. >>> The latest Featured Stock Update with an annotated graph appeared on 11/22/2010. 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
DECK - NASDAQ Deckers Outdoor Corp CONSUMER NON-DURABLES - Textile - Apparel Footwear	$72.59	+1.18 1.65%	$72.59	707,222 56.70% of 50 DAV 50 DAV is 1,247,400	$71.47 1.57%	10/27/2010	$54.16	PP = $54.86
								MB = $57.60
Most Recent Note - 11/26/2010 1:00:46 PM G - Today's 7th consecutive gain marked yet another new all-time high. Extended from its latest sound base, its prior highs and its 50 DMA line define the nearest chart support. >>> The latest Featured Stock Update with an annotated graph appeared on 10/27/2010. 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
EZPW - NASDAQ Ezcorp Inc Cl A SPECIALTY RETAIL - Specialty Retail, Other	$25.90	+0.95 3.81%	$26.14	279,345 93.99% of 50 DAV 50 DAV is 297,200	$25.65 0.97%	11/5/2010	$24.02	PP = $23.85
								MB = $25.04
Most Recent Note - 11/26/2010 1:04:43 PM G - Solid gain today for a new all-time high, and volume was an average day's total for this holiday-shortened trading session. Prior highs in the $22-23 area define chart support to watch above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 11/6/2010. 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
FFIV - NASDAQ F 5 Networks Inc INTERNET - Internet Software and Services	$135.04	+2.49 1.88%	$135.23	1,225,451 43.25% of 50 DAV 50 DAV is 2,833,200	$133.70 1.00%	6/16/2010	$74.50	PP = $74.10
								MB = $77.81
Most Recent Note - 11/26/2010 1:05:35 PM G - Closed near the session high at a new all-time high. Extended from any sound base pattern. Prior highs in the $112 area define initial chart support. >>> The latest Featured Stock Update with an annotated graph appeared on 11/15/2010. 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
FOSL - NASDAQ Fossil Inc CONSUMER DURABLES - Recreational Goods, Other	$68.65	-0.24 -0.35%	$69.75	344,985 43.21% of 50 DAV 50 DAV is 798,400	$70.07 -2.03%	11/26/2010	$69.10	PP = $70.17
								MB = $73.68
Most Recent Note - 11/26/2010 1:29:07 PM Y - Color code is changed to yellow after an advanced "3-weeks tight" pattern has formed following a considerable rally from its prior base. Disciplined investors will resist the temptation to get in "early" while watching for a convincing breakout and a follow through day from at least one of the major averages (M criteria) as critical reassurances before new (or add-on) buying efforts are justified under the investment system guidelines. An upward trendline connecting its July-October lows defines support to watch above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 10/5/2010. 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
HMSY - NASDAQ H M S Holdings Corp COMPUTER SOFTWARE and SERVICES - Healthcare Information Service	$63.68	-0.35 -0.55%	$64.00	28,903 13.58% of 50 DAV 50 DAV is 212,900	$64.09 -0.64%	11/19/2010	$61.89	PP = $63.01
								MB = $66.16
Most Recent Note - 11/24/2010 4:06:15 PM Y - No resistance remains due to overhead supply after today's gap up gain above its pivot point for a new 52-week high. Light volume behind its 5th consecutive gain was below the +50% above average volume minimum necessary to trigger a proper new (or add-on) technical buy signal. Its 50 DMA line defines important support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 11/19/2010. 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
HS - NYSE Healthspring Inc HEALTH SERVICES - Health Care Plans	$27.62	-0.08 -0.29%	$28.01	159,406 23.25% of 50 DAV 50 DAV is 685,500	$29.80 -7.32%	8/27/2010	$19.91	PP = $19.75
								MB = $20.74
Most Recent Note - 11/24/2010 4:06:44 PM G - Hovering -7% off its 52-week high, and volume totals are still cooling while consolidating above its 50 DMA line which acted as support. >>> The latest Featured Stock Update with an annotated graph appeared on 10/22/2010. 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
IGTE - NASDAQ Igate Corp COMPUTER SOFTWARE and SERVICES - Information Technology Service	$24.86	+0.55 2.26%	$24.90	228,773 32.79% of 50 DAV 50 DAV is 697,700	$24.44 1.72%	10/26/2010	$17.29	PP = $19.55
								MB = $20.53
Most Recent Note - 11/26/2010 1:00:02 PM G - Posted a 6th consecutive gain today with below average volume for a new 52-week high. 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. 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
JOBS - NASDAQ Fifty One Job Inc Ads DIVERSIFIED SERVICES - Staffing and; Outsourcing Service	$50.50	-0.51 -1.00%	$50.80	54,146 24.37% of 50 DAV 50 DAV is 222,200	$51.84 -2.58%	10/13/2010	$42.07	PP = $40.60
								MB = $42.63
Most Recent Note - 11/24/2010 4:08:42 PM G - Posted a 6th consecutive gain today with near average volume while hitting and closing at new 52-week highs. Its 50 DMA line defines important support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 11/16/2010. 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
LFT - NYSE Longtop Financl Tech Ads COMPUTER SOFTWARE and SERVICES - Business Software and Services	$40.04	-1.09 -2.65%	$41.30	134,089 24.40% of 50 DAV 50 DAV is 549,500	$42.86 -6.58%	11/5/2010	$41.83	PP = $40.96
								MB = $43.01
Most Recent Note - 11/24/2010 4:12:44 PM Y - Perched only -4.5% off its all-time high after a small gap up gain today. Volume totals have been cooling while consolidating above support near its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 10/14/2010. 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
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$53.61	-0.27 -0.50%	$54.00	533,551 49.79% of 50 DAV 50 DAV is 1,071,700	$54.77 -2.12%	10/8/2010	$47.66	PP = $46.67
								MB = $49.00
Most Recent Note - 11/24/2010 4:14:03 PM G - It is extended from its prior base after 7 consecutive gains. Prior highs in the $46-48 area define chart support to watch along with its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 10/8/2010. 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
MWIV - NASDAQ M W I Veterinary Supply HEALTH SERVICES - Medical Instruments and; Supplies	$61.00	+0.03 0.05%	$61.40	11,206 19.49% of 50 DAV 50 DAV is 57,500	$63.94 -4.60%	11/4/2010	$61.79	PP = $59.60
								MB = $62.58
Most Recent Note - 11/26/2010 1:15:36 PM Y - Quiet gain on today's holiday-shortened session, finishing 2 cents under its best ever close. Its 50 DMA line has been repeatedly noted as a very important support level. It stalled after hitting its all-time high on 11/04/10, yet held its ground stubbornly above its short-term average. >>> The latest Featured Stock Update with an annotated graph appeared on 11/2/2010. 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
NEOG - NASDAQ Neogen Corp DRUGS - Diagnostic Substances	$37.27	-0.31 -0.82%	$37.97	12,121 14.43% of 50 DAV 50 DAV is 84,000	$37.72 -1.19%	9/1/2010	$30.79	PP = $30.49
								MB = $32.01
Most Recent Note - 11/24/2010 4:00:05 PM G - Rallied to a new all-time high with today's 5th consecutive gain on light volume. It is extended from any sound base, and its 50 DMA line recently has been a reliable support level. >>> The latest Featured Stock Update with an annotated graph appeared on 10/13/2010. 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
NFLX - NASDAQ Netflix Inc SPECIALTY RETAIL - Music and Video Stores	$191.90	+3.13 1.66%	$192.48	3,037,763 52.96% of 50 DAV 50 DAV is 5,736,000	$192.10 -0.10%	11/9/2010	$173.10	PP = $184.84
								MB = $194.08
Most Recent Note - 11/24/2010 4:28:46 PM Y - Perched at all-time highs after a gap up gain with above average volume on 11/22/10. NFLX had been noted as a riskier "late stage" set-up, and the gap up gain amounted to a new (or add-on) technical buy signal. However, a follow-through day from at least one of the major averages is also needed as a confirmation of a new rally since recent concerns were raised about the M criteria. >>> The latest Featured Stock Update with an annotated graph appeared on 11/24/2010. 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
NTAP - NASDAQ Netapp Inc COMPUTER HARDWARE - Data Storage Devices	$51.05	-0.34 -0.66%	$51.14	1,753,096 23.53% of 50 DAV 50 DAV is 7,451,800	$57.96 -11.92%	9/8/2010	$46.98	PP = $44.99
								MB = $47.24
Most Recent Note - 11/26/2010 1:25:03 PM G - Losses this week led to a slump below its 50 DMA line and prior highs. On 11/19/10 it was noted - "It has not formed a sound base, and the weakness suggests that it may be due for a longer and deeper consolidation." >>> The latest Featured Stock Update with an annotated graph appeared on 11/3/2010. 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
ORCL - NASDAQ Oracle Corp COMPUTER SOFTWARE and SERVICES - Application Software	$27.49	-0.25 -0.90%	$27.62	12,882,952 33.60% of 50 DAV 50 DAV is 38,343,400	$29.82 -7.81%	9/20/2010	$27.32	PP = $26.73
								MB = $28.07
Most Recent Note - 11/26/2010 1:22:47 PM G- Color code was changed to green after it sank below its DMA line and under the latest chart low, raising concerns. Gains above its short-term average are needed for its outlook to improve. >>> The latest Featured Stock Update with an annotated graph appeared on 11/18/2010. 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
PAY - NYSE Verifone Systems Inc COMPUTER HARDWARE - Transaction Automation Systems	$34.70	-0.30 -0.86%	$35.10	500,966 36.34% of 50 DAV 50 DAV is 1,378,600	$35.94 -3.45%	8/25/2010	$24.30	PP = $23.74
								MB = $24.93
Most Recent Note - 11/24/2010 3:57:31 PM G - Considerable gain today with near average volume. 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. 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	$28.49	-0.11 -0.38%	$28.96	449,867 16.85% of 50 DAV 50 DAV is 2,670,400	$29.35 -2.93%	9/21/2010	$22.84	PP = $23.61
								MB = $24.79
Most Recent Note - 11/24/2010 3:48:05 PM G - Perched -3% away from its all-time high with no resistance remaining due to overhead supply, but it is extended from any sound base. >>> The latest Featured Stock Update with an annotated graph appeared on 11/17/2010. 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
ROVI - NASDAQ Rovi Corp COMPUTER SOFTWARE andamp; SERVICES - Security Software andamp; Services	$54.90	+0.41 0.75%	$55.25	216,395 14.21% of 50 DAV 50 DAV is 1,523,100	$55.00 -0.18%	10/29/2010	$49.99	PP = $53.10
								MB = $55.76
Most Recent Note - 11/26/2010 1:36:06 PM Y - Finished the holiday-shortened week at its best close of 2010 after posting small gains without great volume conviction. Confirming gains on heavy volume coupled with a follow-through day from at least one of the major market averages (M criteria) could trigger new (or add-on) technical buy signals. Meanwhile, its 50 DMA line defines important support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 10/20/2010. 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
SHOO - NASDAQ Steven Madden Limited CONSUMER NON-DURABLES - Textile - Apparel Footwear	$44.96	-0.08 -0.18%	$45.52	60,047 17.09% of 50 DAV 50 DAV is 351,400	$45.92 -2.09%	11/23/2010	$44.61	PP = $44.95
								MB = $47.20
Most Recent Note - 11/26/2010 1:08:43 PM Y - Perched at new 2010 highs after a streak of 6 consecutive gains. Color code was changed to yellow with new pivot point cited. No resistance remains due to overhead supply. Recently found support above its 50 DMA line and prior chart highs in the $40 area. >>> The latest Featured Stock Update with an annotated graph appeared on 11/23/2010. 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
SLW - NYSE Silver Wheaton Corp METALS and; MINING - Silver	$35.15	-0.49 -1.37%	$35.36	4,399,339 46.51% of 50 DAV 50 DAV is 9,458,500	$37.20 -5.51%	8/25/2010	$21.40	PP = $21.99
								MB = $23.09
Most Recent Note - 11/24/2010 4:20:28 PM G - Small gain today with light volume for its second-best close ever. Last week's lows define support above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 10/18/2010. 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
UA - NYSE Under Armour Inc Cl A CONSUMER NON-DURABLES - Textile - Apparel Clothing	$56.50	-0.08 -0.14%	$57.22	248,673 33.65% of 50 DAV 50 DAV is 739,000	$57.14 -1.12%	9/9/2010	$39.99	PP = $40.10
								MB = $42.11
Most Recent Note - 11/24/2010 4:16:32 PM G - Volume was above average today as it posted a 7th consecutive gain for a new 52-week high. The high-ranked Apparel - Clothing firm is very extended from any sound base and well above support at its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 11/4/2010. 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
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$34.99	+0.52 1.51%	$35.05	163,270 36.51% of 50 DAV 50 DAV is 447,200	$35.00 -0.03%	9/3/2010	$26.36	PP = $25.89
								MB = $27.18
Most Recent Note - 11/26/2010 1:30:42 PM G - Today's 4th consecutive gain helped it hit a new 52-week high, approaching its all-time high of $35.63 from Nov '07. Meanwhile, its 50 DMA line defines initial support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 11/1/2010. 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
VIT - NYSE Vanceinfo Tech Inc Ads COMPUTER SOFTWARE and SERVICES - Business Software and Services	$37.50	-0.17 -0.45%	$37.94	167,986 25.62% of 50 DAV 50 DAV is 655,800	$38.43 -2.42%	7/8/2010	$25.20	PP = $26.58
								MB = $27.91
Most Recent Note - 11/26/2010 1:34:12 PM G - Completed a Public Offering this week and it is perched near all-time highs. It 50 DMA line has acted as support recently, but it has not formed a sound base. >>> The latest Featured Stock Update with an annotated graph appeared on 10/21/2010. 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

Subscriber Questions:

November 24, 2010

Dear Ken,

Please explain a proper new or add-on technical buy signal. What do you mean by a new or add-on? Also, over what period of time do you measure overhead resistance?

Thanks for your help! Gil

Ken's Response:

November 24, 2010

Hello and Happy Thanksgiving Gil,

At the time, the M criteria should be confirmed with a follow-through day from at least one of the major averages before any new buying efforts are truly justified. A proper technical buy signal in an individual stock requires a gain above the pivot point cited backed by at least +50% above average volume or more. Such is the case if it is a new breakout (first time shown in a report), or if it is a breakout occurring from a subsequent sound base (add-on) or secondary buy point, as we may occasionally note whenever high-ranked leaders appropriately fit the guidelines they teach us in the Certification. If it is an add-on opportunity, you should never buy as many shares as you accumulated at lower prices. So, on the new breakout you might buy 1,000 shares, and upon a proper add-on breakout you might accumulate 500 more shares, for example.

Overhead supply is a term we use to describe when a stock has spent many weeks or months trading at higher prices, as those investors who bought at those higher prices are all a source of resistance as they each look to unload when they can get a better price back to their break even point, for example. Only when the stock has risen clear of all overhead supply is it considered most likely to make an explosive rally meaningfully higher. They teach us in the Certification that we should be concerned about prior highs in the last year and three quarters as "overhead supply", while highs that occurred more than a year and three quarters earlier are not considered to be a concern.

Best regards,

Kenneth J. Gruneisen
Founder & Contributing Writer for CANSLIM.net
www.canslim.net

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.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time. Questions or comments may be submitted by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307 or 954-785-1121.