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AFTER MARKET UPDATE - TUESDAY, DECEMBER 10TH, 2013
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Indices NYSE Nasdaq
DOW  -52.40 15,973.13 -0.33% Volume 619,421,190 -9% Volume 1,709,959,470 +8%
NASDAQ -8.26 4,060.49 -0.20% Advancers 1,210 39% Advancers 890 33%
S&P 500 -5.75 1,802.62 -0.32% Decliners 1,810 58% Decliners 1,687 63%
Russell 2000 -10.15 1,119.69 -0.90% 52 Wk Highs 105   52 Wk Highs 91  
S&P 600 -6.40 642.27 -0.99% 52 Wk Lows 76   52 Wk Lows 38  

Major Averages Ended With Modest Losses

Stocks declined and the major averages ended with losses on Tuesday. The volume totals were reported mixed, lighter on the NYSE while volume was higher on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 3-2 margin on the NYSE and 2-1 on the Nasdaq exchange. There were 44 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, down from a total of 56 stocks on the prior session. The list of stocks hitting new 52-week highs outnumbered new lows on the Nasdaq exchange and also on the NYSE. There were gains for 11 of the 17 high-ranked companies currently included on the Featured Stocks Page, a positive bias in that group of leading stocks versus the broader market's negative breadth.

 

The major averages took a breather as investors focused on budget negotiations and economic data. Congressional leaders negotiated a budget deal aimed at easing automatic spending cuts and avoiding a government shutdown in mid-January. On the economic front, another encouraging employment update intensified speculation that the Fed may begin tapering stimulus. The latest report showed job openings rose in October to the highest level since May 2008.

Overall, eight of the 10 S&P 500 sectors finished with losses. Utilities and telecommunications were the worst performing groups. Southern Co. (SO -1.4%) and Verizon Communications Inc (VZ -1.1%) both fell. The materials sector bucked the downtrend. Dow Chemical (DOW +2.5%) and Newmont Mining (NEM +2.5%) gained. In financials, JP Morgan Chase & Co (JPM +0.4%) and some other bank stocks were higher after all federal regulators voted to approve the Volcker Rule.

Treasuries rose and a government auction of three-year notes drew the strongest demand since February. The 10-year note was up 12/32 to yield 2.80% and the 30-year bond gained 23/32 to yield 3.83%.

The Market (M criteria) remains in a confirmed rally, however showing signs of distribution and waning leadership, yet the Dow and S&P 500 Index both remain perched near new all-time highs. As always, any new buying efforts should be selective. The CANSLIM.net Featured Stocks Page shows the most action-worthy candidates and their latest notes and a new Headline Link directs members to the latest detailed analysis with data-packed graphs annotated by a Certified expert along with links to additional resources.  The Premium Member Homepage - includes "dynamic archives" to all prior pay reports published. Watch for an announcement via email concerning the next WEBCAST.

PICTURED: The S&P 500 Index is perched near its 2013 high, up +26.37% year-to-date.


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.


Gold and Silver Index Bounced From Lows

The Networking Index ($NWX -1.01%) led the tech sector lower while the Biotechnology Index ($BTK -0.66%) and Semiconductor Index ($SOX -0.28%) suffered smaller losses. Energy-related shares had a negative bias as the Oil Services Index ($OSX -0.78%) and the Integrated Oil Index ($XOI -0.24%) lost ground. The Bank Index ($BKX -0.28%) ended with a small loss while the Broker/Dealer Index ($XBD -0.00%) and the Retail Index ($RLX +0.08%) finished flat.

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU +4.01%) was a standout gainer on Tuesday, rebounding from new 2013 lows hit last week, meanwhile the broader market showed less decisive action.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  274.31 -2.16 -0.78% +24.60%
Integrated Oil $XOI  1,464.90 -3.48 -0.24% +17.96%
Semiconductor $SOX  515.34 -1.47 -0.28% +34.18%
Networking $NWX  308.74 -3.15 -1.01% +36.28%
Broker/Dealer $XBD  154.28 -0.01 -0.00% +63.55%
Retail $RLX  921.81 +0.70 +0.08% +41.15%
Gold & Silver $XAU  85.79 +3.31 +4.01% -48.19%
Bank $BKX  67.41 -0.19 -0.28% +31.45%
Biotech $BTK  2,263.70 -15.00 -0.66% +46.33%


Gold and Silver Index Bounced From Lows

The Networking Index ($NWX -1.01%) led the tech sector lower while the Biotechnology Index ($BTK -0.66%) and Semiconductor Index ($SOX -0.28%) suffered smaller losses. Energy-related shares had a negative bias as the Oil Services Index ($OSX -0.78%) and the Integrated Oil Index ($XOI -0.24%) lost ground. The Bank Index ($BKX -0.28%) ended with a small loss while the Broker/Dealer Index ($XBD -0.00%) and the Retail Index ($RLX +0.08%) finished flat.

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU +4.01%) was a standout gainer on Tuesday, rebounding from new 2013 lows hit last week, meanwhile the broader market showed less decisive action.


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
BITA - NYSE
Bitauto Hldgs Ltd Ads
INTERNET - Internet Information Providers  
$28.75 +0.21
0.74%

$30.11

1,377,250
111.52% of 50 DAV
50 DAV is 1,235,000
$35.04
-17.95%
9/24/2013 $16.40 PP = $17.31
MB = $18.18
Most Recent Note - 12/6/2013 3:53:46 PM
G - Priced a new Public Offering and it is down considerably today with heavy volume, now trading -19% off its 52-week high and slumping near its prior high in the $28 area defining initial support above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Consolidating After Getting Extended From Prior Base - 11/11/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
CELG - NASDAQ
Celgene Corp
DRUGS - Drug Manufacturers - Major  
$170.77 +0.76
0.45%

$172.95

3,402,100
118.55% of 50 DAV
50 DAV is 2,869,700
$173.80
-1.74%
9/12/2013 $149.50 PP = $150.02
MB = $157.52
Most Recent Note - 12/9/2013 12:16:30 PM
G - Gapped up hitting new 52-week and all-time highs with today's 4th consecutive gain, getting extended from prior highs in the $161 area defining initial support to watch on pullbacks. See the latest FSU analysis for more details and annotated daily and weekly graphs.
>>> FEATURED STOCK ARTICLE : Cooling Volume Totals While Hovering Near Highs - 12/4/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
EGOV - NASDAQ
N I C Inc
INTERNET - Internet Software and Services  
$23.60 -0.28
-1.17%

$24.06

203,327
70.45% of 50 DAV
50 DAV is 288,600
$25.99
-9.20%
10/18/2013 $25.17 PP = $23.66
MB = $24.84
Most Recent Note - 12/9/2013 7:09:23 PM
G - Still holding its ground stubbonrly, consolidating in a tight range just above its 50 DMA line. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Finding Support Near 50-Day Average During Distributional Pressure - 11/25/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
FLT - NYSE
Fleetcor Technologies
DIVERSIFIED SERVICES - Business/Management Services  
$118.48 +0.17
0.14%

$119.49

696,890
81.20% of 50 DAV
50 DAV is 858,200
$123.96
-4.42%
8/19/2013 $99.01 PP = $100.97
MB = $106.02
Most Recent Note - 12/6/2013 12:51:13 PM
G - Gapped down today retreating from all-time highs, violating the previously noted steep upward trendline connecting its Oct-Nov lows defining initial support. Its 50 DMA line ($113.99 now) defines the next important near-term support level to watch.
>>> FEATURED STOCK ARTICLE : Perched Near All-Time High Tallying Quiet Gains - 11/13/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
GNRC - NYSE
Generac Hldgs Inc
CONSUMER DURABLES - Electronic Equipment  
$53.09 -0.35
-0.65%

$54.00

461,343
55.49% of 50 DAV
50 DAV is 831,400
$53.74
-1.20%
11/26/2013 $53.02 PP = $52.42
MB = $55.04
Most Recent Note - 12/6/2013 4:32:10 PM
Y - Still perched at its 52-week high today, consolidating above prior highs in the $52 area defining initial support to watch after its 11/26/13 breakout from a short flat base with +59% above average volume triggered a new (or-add on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Following Latest Breakout Prior Highs Define Support - 11/29/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
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
HLF - NYSE
Herbalife Ltd
DRUGS - Nutrition and Weight Management  
$72.78 +0.00
0.00%

$73.30

3,064,418
116.70% of 50 DAV
50 DAV is 2,626,000
$77.39
-5.96%
11/22/2013 $72.21 PP = $75.04
MB = $78.79
Most Recent Note - 12/6/2013 3:55:26 PM
Y - Pulling back from its 52-week high with higher volume today indicative of distributional pressure. Volume-driven gains this week helped it rally above its pivot point to trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Perched Near Highs Following Rebound - 11/22/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
JAZZ - NASDAQ
Jazz Pharmaceuticals Plc
DRUGS - Biotechnology  
$119.63 +2.50
2.13%

$121.15

989,337
125.68% of 50 DAV
50 DAV is 787,200
$118.80
0.70%
9/30/2013 $93.20 PP = $89.10
MB = $93.56
Most Recent Note - 12/10/2013 8:14:56 PM
G - Still hovering near its 52-week high, stubbornly holding its ground while extended from any sound base. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Technically Extended Stock May Be a Dangerous Chase - 12/10/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
KORS - NYSE
Michael Kors Hldgs Ltd
RETAIL - Apparel Stores  
$81.81 +1.20
1.49%

$82.04

2,367,954
52.63% of 50 DAV
50 DAV is 4,499,200
$83.13
-1.59%
8/6/2013 $69.66 PP = $66.28
MB = $69.59
Most Recent Note - 12/6/2013 5:58:00 PM
G - Pulled back on below average volume today. Prior highs in the $78 area define near-term support coinciding with its 50 DMA line. See the latest FSU analysis for more details and new annotated daily and weekly graphs.
>>> FEATURED STOCK ARTICLE : Consolidation Too Brief To Note New Pivot - 12/6/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
LOPE - NASDAQ
Grand Canyon Education
DIVERSIFIED SERVICES - Education and; Training Services  
$43.98 +0.07
0.16%

$45.01

228,983
56.43% of 50 DAV
50 DAV is 405,800
$50.48
-12.88%
6/19/2013 $31.47 PP = $34.17
MB = $35.88
Most Recent Note - 12/10/2013 4:34:08 PM
Posted a gain on light volume today following a loss with above average volume. Halted its slide at the 50 DMA line, and the prior session low ($42.72) defines important near-term support. Due to weak action and previously noted fundamental concerns it will be dropped from the Featured Stocks list tonight.
>>> FEATURED STOCK ARTICLE : Fundamental Concerns Noted While Consolidating Above 50-Day Moving Average - 11/26/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
NOAH - NYSE
Noah Holdings Ltd Ads
FINANCIAL SERVICES - Asset Management  
$19.76 -0.49
-2.42%

$20.30

308,206
37.25% of 50 DAV
50 DAV is 827,300
$25.51
-22.54%
10/15/2013 $19.10 PP = $18.33
MB = $19.25
Most Recent Note - 12/10/2013 4:29:46 PM
Finished -22.5% off its 52-week high, consolidating near its 50 DMA line. Gains in recent weeks have lacked volume conviction. Due to weak action it will be dropped from the Featured Stocks list tonight.
>>> FEATURED STOCK ARTICLE : 50-Day Average And Prior Highs Define Important Support - 11/20/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
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
PCLN - NASDAQ
Priceline.Com Inc
INTERNET - Internet Software and Services  
$1,188.92 +10.24
0.87%

$1,192.26

439,612
68.48% of 50 DAV
50 DAV is 642,000
$1,198.75
-0.82%
9/13/2013 $966.82 PP = $995.08
MB = $1,044.83
Most Recent Note - 12/4/2013 7:14:03 PM
G - Hovering at its 52-week high with volume totals cooling. It may go on to produce more climactic gains but is currently extended from any sound base pattern. Reported earnings +40% on +33% sales revenues for the Sep '13 quarter versus the year-ago period, improving after a slightly sub par Jun '13 report.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base Pattern - 12/3/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
SFUN - NYSE
Soufun Hldgs Ltd Ads A
INTERNET - Internet Information Providers  
$71.75 +1.73
2.47%

$72.30

1,088,585
71.34% of 50 DAV
50 DAV is 1,525,900
$77.45
-7.36%
10/17/2013 $58.02 PP = $53.87
MB = $56.56
Most Recent Note - 12/9/2013 6:51:33 PM
G - Pulled back for a 4th consecutive loss today with lighter volume while consolidating from its all-time high hit last week. It is extended from any sound base pattern yet may produce more climactic gains. Prior highs and its 50 DMA line coincide in the $59 area defining important support to watch. See the latest FSU analysis for more details and annotated daily and weekly graphs.
>>> FEATURED STOCK ARTICLE : Extended From Base Yet May Produce More Climactic Gains - 12/9/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
SSNC - NASDAQ
S S & C Technologies
COMPUTER SOFTWARE and SERVICES - Application Software  
$41.16 -0.98
-2.33%

$42.27

269,317
86.96% of 50 DAV
50 DAV is 309,700
$43.80
-6.03%
10/22/2013 $39.17 PP = $40.04
MB = $42.04
Most Recent Note - 12/10/2013 4:38:35 PM
Y - Color code is changed to yellow while retreating below "max buy" level with less than average volume behind its streak of 3 consecutive losses. Prior highs near $41 define initial support to watch above its 50 DMA line on pullbacks.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooling Following Recent Volume-Driven Breakout - 11/12/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
SSYS - NASDAQ
Stratasys Ltd
COMPUTER HARDWARE - Computer Peripherals  
$121.26 +3.59
3.05%

$121.96

972,628
82.62% of 50 DAV
50 DAV is 1,177,300
$134.00
-9.51%
10/11/2013 $102.94 PP = $105.38
MB = $110.65
Most Recent Note - 12/10/2013 4:40:00 PM
G - Still quietly consolidating well above support at its 50 DMA line. More damaging losses would raise greater concerns and trigger worrisome technical sell signals. Previously noted with caution - "Reported earnings +13% on +153% sales revenues, below the +25% minimum earnings guideline (C criteria) raising fundamental concerns."
>>> FEATURED STOCK ARTICLE : Rallying For New Highs Despite Fundamental Flaw Raising Concern - 11/18/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
ULTI - NASDAQ
Ultimate Software Group
INTERNET - Internet Software and Services  
$151.03 -2.67
-1.74%

$154.29

113,076
78.91% of 50 DAV
50 DAV is 143,300
$162.88
-7.28%
10/16/2013 $142.95 PP = $151.18
MB = $158.74
Most Recent Note - 12/4/2013 7:09:17 PM
Y - Prior highs and its 50 DMA line define near-term support near the $151 area. Finished near the session high after quietly testing its 50 DMA line today. Volume totals have been cooling while holding its ground near its 52-week high yet below its "max buy" level.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50 DMA Line and Prior Highs Defining Support - 11/21/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
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
VRX - NYSE
Valeant Pharmaceuticals
DRUGS - Drug Manufacturers - Other  
$108.62 +0.65
0.60%

$108.83

1,022,771
90.15% of 50 DAV
50 DAV is 1,134,500
$115.40
-5.87%
9/11/2013 $100.26 PP = $105.50
MB = $110.78
Most Recent Note - 12/4/2013 7:06:40 PM
Y - Still consolidating in a very tight range near its 50 DMA line. Recent lows in the $102 area define near-term support where a violation may trigger a technical sell signal. Resilient after it reported earnings +24% on +74% sales revenues for the Sep '13 quarter, a notch below the +25% minimum guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Recent Lows Define Support to Watch Below 50 Day Average - 11/15/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup
YNDX - NASDAQ
Yandex N V Class A
INTERNET - Internet Information Providers  
$39.92 +0.08
0.20%

$40.49

2,102,967
81.50% of 50 DAV
50 DAV is 2,580,300
$42.00
-4.95%
11/27/2013 $39.61 PP = $42.10
MB = $44.21
Most Recent Note - 12/6/2013 4:10:10 PM
Y - Reversed into the red today after challenging its 52-week high. Perched within close striking distance of its pivot point based on its 10/22/13 high plus 10 cents. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal.
>>> FEATURED STOCK ARTICLE : Forming New Base Pattern With Little Resistance Remaining - 11/27/2013
View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M   Daily Graphs Online Stock Checkup

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.

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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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