FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, January 7th, 2016

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AFTER MARKET UPDATE - THURSDAY, JANUARY 7TH, 2016

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Indices				NYSE			Nasdaq
DOW	-392.41	16,514.10	-2.32%	Volume	1,140,196,840	+11%	Volume	2,339,943,320	+19%
NASDAQ	-146.33	4,689.43	-3.03%	Advancers	417	13%	Advancers	391	13%
S&P 500	-47.17	1,943.09	-2.37%	Decliners	2,695	87%	Decliners	2,649	87%
Russell 2000	-29.80	1,064.57	-2.72%	52 Wk Highs	26		52 Wk Highs	12
S&P 600	-16.29	633.92	-2.51%	52 Wk Lows	489		52 Wk Lows	343

Market Correction Deepens as Decliners Outnumbered Advancers 6-1
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks fell sharply on Thursday. The Dow dropped 392 points to 16514. The S&P 500 declined 47 points to 1943. The NASDAQ Composite was 146 points lower at 4689. Volume totals again were higher than the prior session on the NYSE and on the Nasdaq exchange, a sign of more serious distributional selling from the institutional crowd. Breadth was negative as decliners led advancers by more than a 6-1 margin on the NYSE and on the Nasdaq exchange. Leadership remained elusive as there were 3 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 7 on the prior session. There were losses for all 6 high-ranked companies currently on the Featured Stocks Page. The new 52-week lows totals swelled and solidly outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average ended -10% off its record high as it suffered more damaging losses on higher volume. It remains +7.4% above its August 2015 low. Concerns have been raised as the major indices have unanimously slumped back below their respective 50-day and 200-day moving average (DMA) lines.

The fact-based investment system always prompts investors to reduce exposure by selling faltering stocks in weak markets. New leadership (stocks hitting new highs) has become elusive as the major averages (M criteria) resumed their previously noted "correction" and distributional pressure from the institutional crowd brought widespread damage to stocks. This is a good time to keep a watchlist of the strongest stocks, meanwhile, preserving cash and reducing risk until a new confirmed rally is finally noted.

The major averages extended their selloff to three-month lows amid concerns of the impact of China devaluing its currency on global growth. Ahead of Friday’s release of the December nonfarm payroll figure, a report showed jobless claims fell by 10,000 in the recent week to 277,000, essentially in line with the 275,000 consensus estimate. On the Fed front, Richmond President Jeffrey Lacker reiterated that the pace of future rate increases is likely to be gradual and data dependent. In speech this afternoon, Chicago President Charles Evans indicated he’s more cautious in tightening monetary policy than his central bank peers.

All 10 S&P 500 sectors finished firmly in negative territory led by technology, materials and industrials. Apple (AAPL-4.22%), Netflix (NFLX -2.65%), Dow Chemical (DOW -3.76%) and General Electric (GE -4.23%) each fell hard. KB Home (KBH -14.76%) dove sharply after profits missed consensus estimates. Shares of spirits maker Constellation Brands (STZ +4.53%) rose and drug store retailer Walgreens (WBA +1.93%) climbed after both posted quarterly results above analyst forecasts.

Treasuries ended a choppy session higher. The 10-year note was up 6/32 to yield 2.15%. In commodities, NYMEX WTI crude was down 2.4% to $33.17/barrel. COMEX gold advanced 1.5% to $1108.20/ounce.

The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.

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 & Silver Index Bucking Widespread Weakness
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -3.22%) and Bank Index ($BKX-3.29%) both suffered big losses and had a negative influence on the major averages while the Retail Index ($RLX-2.00%) also sank. The tech sector suffered as the Semiconductor Index ($SOX -3.22%), Biotechnology Index ($BTK -3.68%), and Networking Index ($NWX -2.57%) ended unanimously lower. The Oil Services Index ($OSX -2.88%) and the Integrated Oil Index ($XOI -2.65%) were big decliners again, meanwhile the Gold & Silver Index ($XAU +3.53%) posted a standout gain for a 2nd consecutive session.

Charts courtesy www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX -3.22%) abruptly slumped below its 50-day and 200-day moving average (DMA) lines toward prior lows.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	144.72	-4.29	-2.88%	-8.25%
Integrated Oil	$XOI	998.16	-27.20	-2.65%	-6.95%
Semiconductor	$SOX	610.25	-20.95	-3.32%	-8.02%
Networking	$NWX	352.71	-9.30	-2.57%	-6.18%
Broker/Dealer	$XBD	163.28	-5.43	-3.22%	-8.31%
Retail	$RLX	1,220.47	-24.91	-2.00%	-4.91%
Gold & Silver	$XAU	48.46	+1.65	+3.52%	+6.98%
Bank	$BKX	67.72	-2.30	-3.28%	-7.33%
Biotech	$BTK	3,487.42	-133.19	-3.68%	-8.56%

Help Available For You in Making Fact-Based Buy/Sell Decisions With Greater Success
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

There are few stocks included on the Featured Stocks list now and none of the companies need additional review. At times like these we have an opportunity to look back. In the past we reviewed Ambarella (AMBA) on 9/03/15 and Skyworks (SWKS) on 9/17/15.

Previously featured stocks which were dropped can serve as great educational examples of the investment system's tactics. Some are vivid reminders that all high-ranked leaders eventually fall out of favor.

If you wish to request for a specific stock to receive more detailed coverage in this section please use the inquiry form to submit your request. Thank you!

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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
HAWK - NASDAQ Blackhawk Network Inc DIVERSIFIED SERVICES - Business/Management Services	$41.79	-0.48 -1.14%	$42.20	594,669 141.59% of 50 DAV 50 DAV is 420,000	$48.40 -13.66%	11/25/2015	$47.63	PP = $47.07
								MB = $49.42
Most Recent Note - 1/5/2016 12:38:20 PM G - Slumping near its 200 DMA line and prior lows. Damaging losses on volume triggered technical sell signals. Disciplined investors will note that a proper buy signal was not triggered since first featured in yellow in the 11/25/15 mid-day report. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Still Sputtering Near 50-Day Moving Average Line - 12/30/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
STMP - NASDAQ Stamps.com Inc INTERNET - Internet Software and Services	$101.71	-4.64 -4.36%	$105.65	480,386 138.04% of 50 DAV 50 DAV is 348,000	$114.26 -10.98%	11/6/2015	$100.75	PP = $88.97
								MB = $93.42
Most Recent Note - 1/4/2016 6:51:13 PM G - Gapped down for a loss on higher volume today while pulling back from its 52-week high. Its 50 DMA line ($97.25) defines near-term support to watch. >>> FEATURED STOCK ARTICLE : Consolidation Was Brief Following Prior Breakaway Gap - 12/28/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ULTI - NASDAQ Ultimate Software Group INTERNET - Internet Software and Services	$176.48	-6.91 -3.77%	$183.40	233,686 91.28% of 50 DAV 50 DAV is 256,000	$216.27 -18.40%	10/28/2015	$204.38	PP = $195.28
								MB = $205.04
Most Recent Note - 1/7/2016 5:45:08 PM Slumped below prior lows ($188) with damaging losses raising greater concerns and triggering sell signals. It will be dropped from the Featured Stocks list tonight. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Gap Down Today Testing Near-Term Support at Prior Lows - 1/4/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LXFT - NYSE Luxoft Holding Inc Cl A Comp Sftwr-Spec Enterprs	$71.30	-1.28 -1.76%	$72.57	265,644 112.09% of 50 DAV 50 DAV is 237,000	$80.64 -11.58%	10/22/2015	$66.65	PP = $68.95
								MB = $72.40
Most Recent Note - 1/5/2016 12:48:56 PM G - Holding its ground today but failing to repair much damage following a big loss. Gapped down on the prior session then violated its 50 DMA line with a volume-driven loss triggering a technical sell signal. Only a prompt rebound above the 50 DMA line ($74.63) would help its outlook improve. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Still Consolidating Above 50-Day Moving Average Line - 12/31/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PANW - NYSE Palo Alto Networks Computer Sftwr-Security	$164.08	-3.23 -1.93%	$169.26	1,901,383 122.35% of 50 DAV 50 DAV is 1,554,000	$200.55 -18.18%	12/14/2015	$179.20	PP = $200.65
								MB = $210.68
Most Recent Note - 1/7/2016 5:48:24 PM It will be dropped from the Featured Stocks list tonight. Disciplined investors saw it repeatedly noted after featured in the 12/14/15 mid-day report as it failed to trigger a technical buy signal. >>> FEATURED STOCK ARTICLE : Halted Slide at 50-Day Moving Average - 12/29/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
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
VBTX - NASDAQ Veritex Holdings Inc BANKING - Regional - Southwest Banks	$16.60	-0.15 -0.90%	$16.74	16,075 80.38% of 50 DAV 50 DAV is 20,000	$17.95 -7.52%	11/4/2015	$17.00	PP = $18.05
								MB = $18.95
Most Recent Note - 1/5/2016 5:44:14 PM Y - Ended the session below its 50 DMA line after erasing some of its considerable early gain. Found support near its 200 DMA line and prior lows in the $15.50 area. Color code was changed to yellow, however members were reminded - "A volume-driven breakout above its pivot point is still needed to trigger a proper technical buy signal." See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Met Resistance Due to Overhead Supply When Rebounding - 1/5/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I

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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