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AFTER MARKET UPDATE - TUESDAY, MARCH 15TH, 2016
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Indices NYSE Nasdaq
DOW  +22.40 17,251.53 +0.13% Volume 808,775,800 -3% Volume 1,544,027,340 +5%
NASDAQ -21.61 4,728.67 -0.45% Advancers 788 26% Advancers 718 25%
S&P 500 -3.71 2,015.93 -0.18% Decliners 2,259 74% Decliners 2,207 75%
Russell 2000 -17.58 1,066.67 -1.62% 52 Wk Highs 50   52 Wk Highs 30  
S&P 600 -9.10 656.78 -1.37% 52 Wk Lows 11   52 Wk Lows 44  

Breadth Negative as Major Averages Finished Mixed and Little Changed

Stocks finished mixed on Tuesday. The Dow eked out a 22 point gain to 17251. The S&P 500 lost 3 points to 2015. The NASDAQ fell 21 points at 4728. Volume was reported lighter on the NYSE and higher on the Nasdaq exchange. Breadth was negative as decliners beat advancers by 3-1 on the NYSE and on the Nasdaq exchange. Leadership waned as there were 12 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, down from the total of 17 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE, but new lows outnumbered new highs on the Nasdaq exchange.
Charts used courtesy of www.stockcharts.com

PICTURED: The Index is rising toward its 200-day moving average (DMA) line.

Friday's gains helped the DOW and the S&P 500 Index both rally above their downward sloping 200-day moving average lines. The improvement for the major averages (M criteria) was backed by an expansion in healthy leadership (new highs), another encouraging sign for the current confirmed rally. 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.

The major averages fluctuated as commodity prices capped their sharpest two-session slide in more than a month and the Federal Reserve began its March policy meeting. On the data front, retail sales ticked down 0.1% in February. While the contraction was less than the expected 0.2%, January’s previously reported 0.2% increase was revised to show a 0.4% decline.

Six out of ten sectors in the S&P 500 finished lower on the day with Healthcare and Materials shares leading the losses. Mallinckrodt (MNK -14.51%) fell as pharmaceutical companies pushed the Healthcare sector lower. Tech stocks outperformed as Apple (AAPL +2.01%) rose for its fifth-straight daily advance.

In earnings, shares of embattled drug maker Valeant Pharmaceuticals (VRX -51.46%) tumbled after missing profit expectations and lowering forward guidance. Mead Johnson (MJN +11.06%) rose on news the company is exploring possible takeover interest from rivals Nestle and Danone.

Treasuries were mostly lower with the yield curve flattening. The benchmark 10-year note fell 2/32 to yield 1.97%. In commodities, NYMEX WTI crude declined 2% to $36.43/barrel. COMEX gold was down 0.9% to $1234.50/ounce. In FOREX, the dollar slid lower against the yen but gained on emerging currencies


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.


Most Groups Ended Lower

The Bank Index ($BKX -0.24%) and Broker/Dealer Index ($XBD -1.36%were a negative influence on the major averages while the Retail Index ($RLX+0.09%) finished flat. The Biotechnology Index ($BTK -3.98%) posted a solid gain while the Networking Index ($NWX -1.04%) fell and the Semiconductor Index ($SOX -0.14%) ended slightly lower. Commodity-linked groups were mixed as the Gold & Silver Index ($XAU +0.58%) rose, meanwhile the Oil Services Index ($OSX -1.17%) and Integrated Oil Index ($XOI -0.32%) fell.

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD -1.36%) is consolidating above the 50-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  158.81 -1.88 -1.17% +0.68%
Integrated Oil $XOI  1,069.17 -3.49 -0.32% -0.33%
Semiconductor $SOX  655.41 -0.94 -0.14% -1.22%
Networking $NWX  352.31 -3.69 -1.04% -6.28%
Broker/Dealer $XBD  157.98 -2.17 -1.36% -11.29%
Retail $RLX  1,246.62 +1.12 +0.09% -2.87%
Gold & Silver $XAU  66.75 +0.38 +0.57% +47.35%
Bank $BKX  64.98 -0.16 -0.25% -11.08%
Biotech $BTK  2,811.66 -116.43 -3.98% -26.28%


Consolidating Above Near Term Support

Sanfilippo John B & Son (JBSS -$1.26 or -1.84% to $67.25) encountered distributional pressure last week while consolidating above prior highs and its 50-day moving average (DMA) line defining important near-term support.  It was last shown in this FSU section with an annotated graph on 2/22/16 under the headline, "Volume-Driven Gain For New High Close", posting gains backed by +48% above average volume triggering a technical buy signal. Prior highs define initial support to watch on pullbacks.

JBSS was highlighted in yellow with a pivot point cited based on its 11/02/15 high plus 10 cents in the 1/29/16 mid-day report (read here). A Special Dividend effective 11/30/15 impacted price history shown on some chart sources.

It reported earnings +43% on +11% sales revenues for the Dec '15 quarter, its 4th consecutive earnings comparison (C criteria) above the +25% minimum guideline, and fundamentals remain strong. Its annual earnings (A criteria) history has been steady after a downturn in FY '11. 

The Food - Misc Preparation firm processes and markets various nuts. It has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of only 8.3 million shares (S criteria) in the float may contribute to greater price volatility. The number of top-rated funds owning its shares rose from 200 in Dec '14 to 263 in Sep '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days.

Charts courtesy  www.stockcharts.com


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
JBSS - NASDAQ
Sanfilippo John B & Son
FOOD and BEVERAGE - Processed and Packaged Goods  
$67.25 -1.26
-1.84%

$69.35

112,625
93.08% of 50 DAV
50 DAV is 121,000
$72.55
-7.31%
1/29/2016 $62.25 PP = $66.39
MB = $69.71
Most Recent Note - 3/15/2016 5:49:56 PM
Y - Consolidating above prior highs and its 50 DMA line defining important near-term support. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Consolidating Above Near Term Support - 3/15/2016
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
MXL - NYSE
Maxlinear Inc Cl A
Telecom-Infrastructure  
$17.14 +0.06
0.35%

$17.26

1,159,747
113.15% of 50 DAV
50 DAV is 1,025,000
$18.18
-5.72%
2/26/2016 $16.10 PP = $16.19
MB = $17.00
Most Recent Note - 3/15/2016 5:52:18 PM
G - Encountered some distributional pressure, yet still consolidating near its "max buy" level following volume-driven gains.
>>> FEATURED STOCK ARTICLE : Perched Near Best-Ever Close Following Recent Breakout - 3/9/2016
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
NVEE - NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting  
$25.15 -0.24
-0.95%

$25.38

32,105
76.44% of 50 DAV
50 DAV is 42,000
$28.07
-10.40%
3/14/2016 $25.43 PP = $24.77
MB = $26.01
Most Recent Note - 3/15/2016 5:55:40 PM
Y - Held its ground today after a volume-driven gain triggered a technical buy signal on 3/14/16, rising from an 8-month double bottom base after highlighted in yellow with pivot point cited based on its 12/02/15 high (read here). Completed a new Public Offering on 5/22/15. Reported earnings +32% on +47% sales revenues for the Dec &#39;15 quarter. Prior quarterly earnings comparisons have been mostly above the +25% minimum guideline (C criteria), and its strong annual earnings (A criteria) history helps it match the fundamental guidelines of the fact-based investment system. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Finished Strong After Highlighted in Mid-Day Report - 3/14/2016
 |  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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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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