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AFTER MARKET UPDATE - MONDAY, NOVEMBER 29TH, 2010
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Indices NYSE Nasdaq
DOW  -39.51 11,052.49 -0.36% Volume 924,514,630 +116% Volume 1,683,269,652 +170%
NASDAQ -9.34 2,525.22 -0.37% Advancers 1,275 41% Advancers 1,205 43%
S&P 500 -1.64 1,187.76 -0.14% Decliners 1,747 56% Decliners 1,455 52%
Russell 2000 -0.78 731.95 -0.11% 52 Wk Highs 64   52 Wk Highs 91  
S&P 600 -0.45 389.35 -0.12% 52 Wk Lows 25   52 Wk Lows 52  

Afternoon Gains Help Indices Improve From Early Session Lows

The major indices finished with moderate losses after a sizable late-day comeback on Monday. Decliners led advancers by 4-3 on the NYSE and by 5-4 on the Nasdaq exchange. New leadership was present and a total of 48 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 72 issues on Friday's holiday-shortened trading session. Meanwhile, volume totals were obviously higher on Monday's full length session as new 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The biggest gainer of the 30 high-ranked leaders currently listed on the Featured Stocks Page was a recently added Computer Software firm that rallied +12.6% for a new all-time high, and its volume was nearly 4 times an average day's total behind its considerable gain.

 

The US dollar briefly touched a two-month high against the euro. Oil prices rose to a two-week high after the retail numbers raised expectations of increasing travel.  Global credit concerns and the prospect of deepening conflict in the Koreas continue to weigh on the markets. A bailout of Ireland banks failed to alleviate worries about other European countries, including Portugal and Spain.

Financial and technology stocks led the rebound from the session's lows, which came on light volume. Bank of America (BAC +1.7%) rallied after an analyst said it may be among several banks to hike dividends early next year as they comply with new capital requirements. Online retailers were in focus on this Cyber Monday. Amazon.com (AMZN +0.9%) posted a small gain after the National Retail Federation said the average American spent 6% more than last year over the holiday weekend.

Monday marked Day 8 of the new rally attempt. The Dow Jones Industrial Average and S&P 500 Index have already undercut their 11/16/10 lows, leaving them both looking to start new rally attempts, meanwhile the Nasdaq Composite Index has kept its new rally effort intact. Unless its Day 1 low is undercut the possibility remains open for the tech-heavy index to produce a solid follow through day of gains on higher volume to reconfirm the sputtering 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 Dow Jones Industrial Average came a long way back from an early stumble of 162 points. It finished near its 50-day moving average (DMA) line and near the session high after undercutting recent lows intra-day.


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.


Defensive, Energy, and Financial Groups Posted Gains

Modest gains from the Broker/Dealer Index ($XBD +0.16%) and Bank Index ($BKX +1.05%) were a small source of encouraging news on Monday. Defensive groups also posted small gains as the Healthcare Index ($HMO +0.24%) and Gold & Silver Index ($XAU +0.48%) rose. The Oil Services Index ($OSX +1.71%) posted a standout gain, meanwhile the Integrated Oil Index ($XOI -0.12%) finished slightly in the red. Weakness in the tech sector led to unanimous losses for the Biotechnology Index ($BTK -1.08%), Networking Index ($NWX -0.98%), Internet Index ($IIX -0.45%), and Semiconductor Index ($SOX -0.22%).

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index is consolidating above 50-day moving average (DMA) and 200 DMA lines.  Deterioration below those important moving averages would not bode well for the latest rally attempt.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  227.24 +3.82 +1.71% +16.58%
Healthcare $HMO  1,649.66 +3.93 +0.24% +12.00%
Integrated Oil $XOI  1,100.23 -1.30 -0.12% +3.00%
Semiconductor $SOX  395.15 -0.88 -0.22% +9.79%
Networking $NWX  262.93 -2.59 -0.98% +13.79%
Internet $IIX  305.02 -1.39 -0.45% +30.43%
Broker/Dealer $XBD  110.80 +0.17 +0.16% -3.69%
Retail $RLX  491.72 -3.41 -0.69% +19.60%
Gold & Silver $XAU  210.80 +1.01 +0.48% +25.29%
Bank $BKX  45.08 +0.47 +1.05% +5.55%
Biotech $BTK  1,156.43 -12.58 -1.08% +22.75%


Advanced 3-Weeks Tight Pattern May Be A Late Stage Set-Up

Fossil Inc (FOSL -$0.89 or -1.30% to $67.76) was most recently noted as its color code was 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 subsequent breakout above its new pivot point of $70.17 with great volume conviction. A follow-through day (FTD) is also needed from at least one of the major averages (M criteria) as critical reassurance before new (or add-on) buying efforts in any stocks are justified under the investment system guidelines. The M criteria argues that 3 out of 4 stocks will follow the direction of the major averages.  An upward trendline connecting its July-October lows (not shown) defines support to watch above its 50-day moving average (DMA) line.

It faces no resistance due to overhead supply. Sales revenues and earnings increases showed impressive acceleration in the 4 latest quarters (Dec '09, Mar, Jun, and Sep '10) following a streak of 4 negative comparisons versus the year ago period. In recent weeks there has been improving leadership in the Retail/Wholesale - Jewelry group (L criteria), which is a reassuring sign.  FOSL was last shown in the FSU section with an annotated graph on 10/05/10 while trading near $54 under the headline" Action Following Breakaway Gap Has Been Strong", and earlier it appeared in this section near $44 on 8/11/10 under the headline, "Breakaway Gap On More Than Triple Average Volume", right after it was featured in yellow in the 8/10/10 mid-day report (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 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  
$138.28 -0.87
-0.63%

$139.31

523,933
80.48% of 50 DAV
50 DAV is 651,000
$145.36
-4.87%
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.

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ARUN - NASDAQ
Aruba Networks Inc
COMPUTER HARDWARE - Networking andamp; Communication Dev  
$23.05 -0.89
-3.72%

$24.08

2,343,175
93.04% of 50 DAV
50 DAV is 2,518,400
$24.28
-5.07%
8/30/2010 $18.12 PP = $18.51
MB = $19.44
Most Recent Note - 11/29/2010 1:09:36 PM
G - Pulling back today after gains last 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.

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BIDU - NASDAQ
Baidu Inc Ads
INTERNET - Internet Information Providers  
$107.38 -1.99
-1.82%

$110.64

8,788,300
71.09% of 50 DAV
50 DAV is 12,363,000
$115.04
-6.66%
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.

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CACC - NASDAQ
Credit Acceptance Corp
FINANCIAL SERVICES - Credit Services  
$63.07 +1.92
3.14%

$63.17

42,281
169.80% of 50 DAV
50 DAV is 24,900
$63.45
-0.60%
11/22/2010 $59.97 PP = $62.00
MB = $65.10
Most Recent Note - 11/29/2010 5:10:19 PM
Y - Today's gain with +69% above average volume helped it rally above the pivot point of a "double bottom" type base pattern, meeting the guidelines for a new (or add-on) technical buy signal. However, a follow-through day has not confirmed a new rally since recent concerns were raised about the M criteria.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/29/2010. Click here.

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CIS - NYSE
Camelot Info Systems Ads
COMPUTER SOFTWARE andamp; SERVICES - Information Technology Service  
$21.14 +2.37
12.63%

$21.42

1,025,367
395.59% of 50 DAV
50 DAV is 259,200
$19.62
7.75%
11/26/2010 $18.93 PP = $19.72
MB = $20.71
Most Recent Note - 11/29/2010 12:30:22 PM
Y - This Chinese Computer Software firm hit a new 52-week high today, trading above its point with above average volume. After a choppy 8-week base during which it found prompt support after a 50 DMA violation, the 11/26/10 mid-day report cited a pivot point based on its 52-week high plus ten cents. As previously noted - "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.

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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
CMG - NYSE
Chipotle Mexican Grill
LEISURE - Restaurants  
$257.01 +1.36
0.53%

$257.79

970,645
114.01% of 50 DAV
50 DAV is 851,400
$256.49
0.20%
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.

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CTRP - NASDAQ
Ctrip.Com Intl Ltd Adr
LEISURE - Resorts and Casinos  
$46.41 -0.67
-1.42%

$47.63

1,591,391
77.36% of 50 DAV
50 DAV is 2,057,200
$53.16
-12.70%
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.

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DECK - NASDAQ
Deckers Outdoor Corp
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$73.03 +0.44
0.61%

$73.87

2,029,317
162.68% of 50 DAV
50 DAV is 1,247,400
$72.59
0.61%
10/27/2010 $54.16 PP = $54.86
MB = $57.60
Most Recent Note - 11/29/2010 12:32:12 PM
G - Hit a new high today then reversed into the red. After 7 consecutive gains to new all-time high territory it has been noted as extended from its latest sound base. 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.

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EZPW - NASDAQ
Ezcorp Inc Cl A
SPECIALTY RETAIL - Specialty Retail, Other  
$25.41 -0.49
-1.89%

$25.93

292,850
98.54% of 50 DAV
50 DAV is 297,200
$26.14
-2.79%
11/5/2010 $24.02 PP = $23.85
MB = $25.04
Most Recent Note - 11/29/2010 1:13:33 PM
G - Pulling back today after a solid gain for a new all-time high on Friday's holiday-shortened 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.

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FFIV - NASDAQ
F 5 Networks Inc
INTERNET - Internet Software and Services  
$134.18 -0.86
-0.64%

$136.00

1,858,367
65.59% of 50 DAV
50 DAV is 2,833,200
$135.23
-0.78%
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.

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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  
$67.76 -0.89
-1.30%

$68.76

738,119
92.45% of 50 DAV
50 DAV is 798,400
$70.07
-3.30%
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 11/29/2010. Click here.

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HMSY - NASDAQ
H M S Holdings Corp
COMPUTER SOFTWARE and SERVICES - Healthcare Information Service  
$63.12 -0.56
-0.88%

$63.21

71,306
33.49% of 50 DAV
50 DAV is 212,900
$64.09
-1.51%
11/19/2010 $61.89 PP = $63.01
MB = $66.16
Most Recent Note - 11/29/2010 5:17:28 PM
Y - Volume totals have been light as it traded above its pivot point for a new 52-week high last week and now consolidates near prior highs. Volume did not meet the guideline 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.

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HS - NYSE
Healthspring Inc
HEALTH SERVICES - Health Care Plans  
$27.13 -0.49
-1.77%

$27.36

410,379
59.87% of 50 DAV
50 DAV is 685,500
$29.80
-8.96%
8/27/2010 $19.91 PP = $19.75
MB = $20.74
Most Recent Note - 11/29/2010 1:12:23 PM
G - Small gap down today for a loss, trading below its 50 DMA line for the first time since August. More damaging losses would raise concerns and trigger a technical sell signal.
>>> 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  
$24.83 +0.12
0.49%

$24.99

519,952
74.52% of 50 DAV
50 DAV is 697,700
$24.90
-0.28%
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.

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JOBS - NASDAQ
Fifty One Job Inc Ads
DIVERSIFIED SERVICES - Staffing and; Outsourcing Service  
$50.62 +0.12
0.24%

$51.00

72,582
32.67% of 50 DAV
50 DAV is 222,200
$51.84
-2.35%
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.

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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  
$39.65 -0.39
-0.97%

$40.58

450,581
82.00% of 50 DAV
50 DAV is 549,500
$42.86
-7.49%
11/5/2010 $41.83 PP = $40.96
MB = $43.01
Most Recent Note - 11/29/2010 5:21:18 PM
Y - Perched -7.5% off its all-time high today. Its latest slump below its pivot point raised concerns again, yet 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.

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LULU - NASDAQ
Lululemon Athletica
MANUFACTURING - Textile Manufacturing  
$53.58 -0.03
-0.06%

$54.18

717,011
66.90% of 50 DAV
50 DAV is 1,071,700
$54.77
-2.17%
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.

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MWIV - NASDAQ
M W I Veterinary Supply
HEALTH SERVICES - Medical Instruments and; Supplies  
$61.07 +0.07
0.11%

$61.81

34,723
60.39% of 50 DAV
50 DAV is 57,500
$63.94
-4.49%
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.

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NEOG - NASDAQ
Neogen Corp
DRUGS - Diagnostic Substances  
$37.54 +0.27
0.72%

$37.72

36,200
43.10% of 50 DAV
50 DAV is 84,000
$37.97
-1.12%
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.

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NFLX - NASDAQ
Netflix Inc
SPECIALTY RETAIL - Music and Video Stores  
$198.92 +7.02
3.66%

$200.00

7,034,612
122.64% of 50 DAV
50 DAV is 5,736,000
$192.48
3.35%
11/9/2010 $173.10 PP = $184.84
MB = $194.08
Most Recent Note - 11/29/2010 5:06:28 PM
G - Posted a solid gain today with +22% above average volume for a new all-time high beyond its "max buy" level, and its color code is changed to green. A follow-through day has not confirmed 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.

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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
NTAP - NASDAQ
Netapp Inc
COMPUTER HARDWARE - Data Storage Devices  
$50.93 -0.12
-0.24%

$51.15

4,675,326
62.74% of 50 DAV
50 DAV is 7,451,800
$57.96
-12.13%
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.

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ORCL - NASDAQ
Oracle Corp
COMPUTER SOFTWARE and SERVICES - Application Software  
$27.22 -0.27
-0.98%

$27.34

32,605,017
85.03% of 50 DAV
50 DAV is 38,343,400
$29.82
-8.72%
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.

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PAY - NYSE
Verifone Systems Inc
COMPUTER HARDWARE - Transaction Automation Systems  
$34.26 -0.44
-1.27%

$34.80

870,729
63.16% of 50 DAV
50 DAV is 1,378,600
$35.94
-4.67%
11/29/2010 $33.96 PP = $36.04
MB = $37.84
Most Recent Note - 11/29/2010 1:21:25 PM
Y - Volume totals have cooled after rallying near its 52-week high recently. Color code is changed to yellow with new pivot point cited based on its 52-week high plus ten cents. A subsequent breakout could trigger a new (or add-on) technical buy signal, meanwhile patience and discipline are paramount. As previously noted, it has formed 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  
$28.85 +0.36
1.26%

$28.40

938,816
35.16% of 50 DAV
50 DAV is 2,670,400
$29.35
-1.70%
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.

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ROVI - NASDAQ
Rovi Corp
COMPUTER SOFTWARE andamp; SERVICES - Security Software andamp; Services  
$54.37 -0.53
-0.97%

$54.88

491,914
32.30% of 50 DAV
50 DAV is 1,523,100
$55.25
-1.59%
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.

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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
SHOO - NASDAQ
Steven Madden Limited
CONSUMER NON-DURABLES - Textile - Apparel Footwear  
$46.42 +1.46
3.25%

$46.33

701,028
199.50% of 50 DAV
50 DAV is 351,400
$45.92
1.09%
11/23/2010 $44.61 PP = $44.95
MB = $47.20
Most Recent Note - 11/29/2010 12:48:58 PM
Y - Hit a new 2010 high today, trading above the new pivot point recently cited with above average volume. No resistance remains due to overhead supply, but the questionable M criteria is an overriding concern impacting new buying efforts until a follow-through day occurs.
>>> The latest Featured Stock Update with an annotated graph appeared on 11/23/2010. Click here.

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SLW - NYSE
Silver Wheaton Corp
METALS and; MINING - Silver  
$35.83 +0.68
1.93%

$35.42

9,237,992
97.67% of 50 DAV
50 DAV is 9,458,500
$37.20
-3.68%
8/25/2010 $21.40 PP = $21.99
MB = $23.09
Most Recent Note - 11/29/2010 5:12:20 PM
G - Gain today with average volume for its second-best close ever. Recent low ($30.52 on 11/16/10) defines initial support above its 50 DMA line.
>>> The latest Featured Stock Update with an annotated graph appeared on 10/18/2010. Click here.

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UA - NYSE
Under Armour Inc Cl A
CONSUMER NON-DURABLES - Textile - Apparel Clothing  
$56.03 -0.47
-0.83%

$56.46

979,473
132.54% of 50 DAV
50 DAV is 739,000
$57.22
-2.08%
9/9/2010 $39.99 PP = $40.10
MB = $42.11
Most Recent Note - 11/29/2010 12:58:18 PM
G - Paused after 7 consecutive gains for new 52-week highs, 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.

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ULTA - NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other  
$35.15 +0.16
0.46%

$35.55

702,936
157.19% of 50 DAV
50 DAV is 447,200
$35.05
0.29%
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.

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VIT - NYSE
Vanceinfo Tech Inc Ads
COMPUTER SOFTWARE and SERVICES - Business Software and Services  
$37.48 -0.02
-0.05%

$37.80

838,313
127.83% of 50 DAV
50 DAV is 655,800
$38.43
-2.47%
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.

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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

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