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AFTER MARKET UPDATE - TUESDAY, APRIL 26TH, 2016
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Indices NYSE Nasdaq
DOW  +13.08 17,990.32 +0.07% Volume 897,367,460 +4% Volume 1,669,952,380 +15%
NASDAQ -7.48 4,888.31 -0.15% Advancers 2,330 77% Advancers 1,856 63%
S&P 500 +3.91 2,091.70 +0.19% Decliners 681 23% Decliners 1,081 37%
Russell 2000 +12.63 1,150.73 +1.11% 52 Wk Highs 75   52 Wk Highs 52  
S&P 600 +9.09 705.33 +1.31% 52 Wk Lows 4   52 Wk Lows 26  

Volume Rose and Leadership Improved While Indices Ended Mixed

Stocks finish little changed on Tuesday. The Dow was up 13 points to 17990. The S&P 500 added 4 points to 2091. The Nasdaq Composite fell 7 points to 4888. The volume totals were reported higher on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 3-1 margin on the NYSE and by a 9-5 margin on the Nasdaq exchange. Leadership improved as there were 26 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from the total of 15 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com


PICTURED: The Nasdaq Composite Index ended -6.57% off its record high hit last July.

Members are reminded that any sustained rally requires a healthy crop of leaders (stocks hitting new highs). The DOW, S&P 500 Index, and Nasdaq Composite have established confirmed uptrends and are above their respective 50-day and 200-day moving average (DMA) lines.   The Featured Stocks Page includes 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 ended a choppy session broadly higher as investors digested mixed corporate earnings reports. Procter & Gamble (PG -2.28%) fell after posting revenues below forecasts. DuPont (DD +2.40%) rose on its increased full-year guidance. Market participants also appeared cautious as the Fed began its two-day policy meeting. On the data front, durable goods orders were up 0.8% in March versus a projected 1.9% increase and 3.0% decline in February. In a separate release, consumer confidence fell more than expected in April. Another report showed home prices rose 5.4% from a year ago in February.

Energy was the best performing group as oil rallied. Pioneer Natural Resources (PXD +7.73%) following its positive quarterly results. Conoco Phillips (COP +3.91%) rose. Technology was down the most on the session as disappointing earnings weighed on the sector’s performance. Corning (GLW -8.35%) fell as profits missed analyst estimate. Apple (AAPL -0.69%) fell ahead of its scheduled release.

Treasuries declined for a seventh-consecutive session. The benchmark 10-year note fell 5/32 to yield 1.93%. In commodities, NYMEX WTI crude jumped 3.3% to $44.04/barrel. COMEX gold gained 0.3% to $1242.50/ounce.


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.


Financial, Networking, Semiconductor, and Commodity-Linked Groups Rose

Financials had a positive influence on the major indices on Tuesday as the Bank Index ($BKX +1.02%) and the Broker/Dealer Index ($XBD +1.03%) both rose, meanwhile the Retail Index ($RLX -0.07%) sputtered. Commodity-linked groups were positive as the Gold & Silver Index ($XAU +2.38%), Integrated Oil Index ($XOI +1.74%) and the Oil Services Index ($OSX +0.40%) each ended higherThe Networking Index ($NWX +1.14%) and the Semiconductor Index ($SOX +1.37%) both tallied solid gains, meanwhile the Biotechnology Index ($BTK -1.19%) ended lower. 

Charts courtesy www.stockcharts.com

PICTURED: ThOil Services Index ($OSX +0.40%) is consolidating after rebounding as much as +46.7% from its January '16 low.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  173.51 +0.70 +0.41% +10.00%
Integrated Oil $XOI  1,173.55 +20.13 +1.74% +9.40%
Semiconductor $SOX  674.42 +9.10 +1.37% +1.65%
Networking $NWX  358.77 +4.04 +1.14% -4.56%
Broker/Dealer $XBD  171.08 +1.75 +1.03% -3.94%
Retail $RLX  1,273.82 -0.87 -0.07% -0.75%
Gold & Silver $XAU  82.07 +1.91 +2.38% +81.17%
Bank $BKX  70.45 +0.71 +1.02% -3.60%
Biotech $BTK  3,220.46 -38.95 -1.19% -15.56%


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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
MXL - NYSE
Maxlinear Inc Cl A
Telecom-Infrastructure  
$17.10 +0.32
1.91%

$17.23

556,026
40.47% of 50 DAV
50 DAV is 1,374,000
$19.10
-10.47%
2/26/2016 $16.10 PP = $16.19
MB = $17.00
Most Recent Note - 4/26/2016 5:52:44 PM
G - Consolidating near its 50 DMA line. Found prompt support following a considerable loss on 4/19/16 with 4 times average volume that raised concerns and triggered a technical sell signal. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Found Support Above 50 DMA Line Consolidating Near 52-week High - 4/1/2016
 |  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  
$25.98 +0.58
2.28%

$26.12

50,078
96.30% of 50 DAV
50 DAV is 52,000
$28.66
-9.36%
4/19/2016 $28.20 PP = $28.10
MB = $29.51
Most Recent Note - 4/26/2016 5:56:09 PM
Y - Its 50 DMA ($24.30) line and recent lows define important near-term support where violations may trigger a technical sell signal. Volume-driven gains above the pivot point may trigger a new technical buy signal.
>>> FEATURED STOCK ARTICLE : Met Resistance When Poised to Breakout From Longer Base Pattern - 4/20/2016
 |  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.

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.

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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