FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, JULY 17TH, 2015

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Indices				NYSE			Nasdaq
DOW	-33.80	18,086.45	-0.19%	Volume	856,589,670	+18%	Volume	1,697,434,450	+1%
NASDAQ	+46.96	5,210.14	+0.91%	Advancers	1,085	34%	Advancers	1,123	38%
S&P 500	+2.35	2,126.64	+0.11%	Decliners	2,018	63%	Decliners	1,770	59%
Russell 2000	-5.74	1,267.09	-0.45%	52 Wk Highs	76		52 Wk Highs	132
S&P 600	-4.21	723.35	-0.58%	52 Wk Lows	199		52 Wk Lows	95

Tech Strength Boosted Nasdaq Composite Index Well Ahead of its Peers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

For the week, the Dow rose 1.8%, the S&P 500 gained 2.4% and the NASDAQ added 4.3%. Stocks finished mixed on Friday. The Dow lost 33 points to 18086. The S&P 500 eked out a 2 point gain to 2126. Volume totals were reported higher than the prior session total on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by nearly a 2-1 margin on the NYSE and 3-2 on the Nasdaq exchange. Thee were 52 high-ranked companies from the Leaders List that made new 52-week highs and appeared on the BreakOuts Page, down from the prior session total of 107 stocks. The total number of new 52-week lows swelled on the NYSE and solidly outnumbered new 52-week highs, meanwhile, new highs outnumbered new lows on the Nasdaq exchange. There were gains for 6 of the 12 high-ranked companies currently on the Featured Stocks Page.

The Nasdaq Composite Index rallied for a new record high. The other major averages have also rallied close to their record highs. Coupling the indices' improvement with an expansion in leadership (stocks hitting new highs), the latest market (M criteria) action has shown investors reassuring proof that the institutional crowd has a healthy appetite for buying stocks.

Disciplined investors know to buy only the strongest stocks meeting all of the key fundamental and technical criteria. New matches with the fact-based investment system's strict guidelines will be added to the Featured Stocks Page as market action dictates.

Charts courtesy www.stockcharts.com

PICTURED: The NASDAQ Composite Index advanced 46 points to 5210, a new closing record. Thanks to strength in the tech sector, the NASDAQ Composite Index is up +10.0% year-to-date. Meanwhile, the benchmark S&P 500 Index and the Dow Jones Industrial Average are up +3.3% and +1.5%, respectively.

The major averages toggled between gains and losses as investors focused on economic data and earnings. Housing data was surprisingly positive in June as housing starts rose 9.8% and building permits grew 7.4%. While gasoline prices moved consumer prices higher in June, international concerns led consumer sentiment to ebb in July.

Earnings were in the driver’s seat. Google (GOOG +16.05%) surged, adding over $65 billion to the company’s market cap, after topping quarterly expectations. Kansas City Southern (KSU +6.54%) rallied on the heels of a positive profit tally and a lift to forward guidance. However, Mattel (MAT -3.34%) fell following an earnings disappointment.

Nine of 10 S&P 500 sectors were lower. Energy was off the most in sympathy with oil prices. Chevron (CVX -1.41%) and Chesapeake Energy (CHK -5.53%) both fell. Boeing (BA -1.11%) weighed on industrials on the heels of lowering profit forecasts.

Treasuries were mixed as the yield curve flattened. The 10-year note rose 1/32 to yield 2.35%.

Commodities were broadly lower. WTI crude pared losses, but finished down 0.3% to $50.77/barrel. COMEX gold slid 1% to $1132.60/ounce on dollar strength. The dollar climbed 0.3% against the euro to $1.0841/EUR.

The Featured Stocks Page shows the most current notes with headline links which direct members into the 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 published.

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.

Commodity-Linked Groups Suffer More Damaging Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.04%) finished flat and the Broker/Dealer Index ($XBD +0.18%) eked out a tiny gain while the Bank Index ($BKX -0.66%) fell on Friday. The Biotechnology Index ($BTK +0.42%) notched a gain, but the Networking Index ($NWX -0.05%) ended unchanged and the Semiconductor Index ($SOX -0.23%) edged lower. Commodity-linked groups fared the worst as the Gold & Silver Index ($XAU -4.74%) was a standout decliner. Meanwhile, the Oil Services Index ($OSX -2.45%) outpaced the Integrated Oil Index ($XOI -0.88%) to the downside.

Charts courtesy www.stockcharts.com

PICTURED: The Oil Services Index ($OSX -2.45%) has been slumping quickly It met resistance at its 200 DMA line in May when trying to rebound before slumping back toward prior lows. This argues that very few oil producers' stocks have been doing well in recent weeks. The fact-based investment system requires investors to focus on only buying stocks from leading industry groups (L criteria), and never to speculate on stocks in industry groups which are currently out of favor in the marketplace.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	180.19	-4.52	-2.45%	-14.55%
Integrated Oil	$XOI	1,262.58	-11.19	-0.88%	-6.35%
Semiconductor	$SOX	667.06	-1.55	-0.23%	-2.88%
Networking	$NWX	377.47	-0.20	-0.05%	+5.46%
Broker/Dealer	$XBD	202.76	+0.35	+0.18%	+9.82%
Retail	$RLX	1,200.03	-0.51	-0.04%	+16.20%
Gold & Silver	$XAU	54.20	-2.70	-4.75%	-21.20%
Bank	$BKX	79.20	-0.53	-0.66%	+6.65%
Biotech	$BTK	4,431.87	+18.49	+0.42%	+28.87%

Found Support Above 50-Day Moving Average After Sharp Pullback
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Ambarella Corporation (AMBA +$2.95 or +2.73% to $111.12) posted another gain with lighter volume today. It has not formed a sound base pattern of sufficient length. Subsequent damaging violations of the 50-day moving average (DMA) line and recent low ($93.06 on 6/22/15) would trigger more worrisome technical sell signals.

The high-ranked Electronics - Semiconductor firm has been making quiet progress after finding support well above its 50 DMA line since last shown in this FSU section on 6/25/15 with an annotated graph under the headline, "Holding Ground After Big Pullback on Heavy Volume Triggered Technical Sell Signal". Members were cautioned - "Investors who may still have a good profit cushion might choose to give it additional time, however any subsequent losses on higher volume might trigger additional sell signals, especially if it violates its 50-day moving average (DMA) line or breaks down below its pivot point and slumps back into the prior base."

It reported earnings +184% on +74% sales revenues for the Apr '15 quarter, continuing to show impressive sales revenues and earnings acceleration in sequential quarterly comparisons. It reported earnings increases of +42%, 84%, and +162% in the Jul, Oct '14 and Jan '15 quarterly comparisons versus the year-ago periods, respectively. Sales revenues during that span rose +25%, +43%, and +62%. Its fundamentals match with the fact-based investment system guidelines with quarterly comparisons showing improvement above the +25% minimum earnings guideline (C criteria).

Keep in mind that its small supply (S criteria) of only 28.5 million shares in the public float can contribute to great price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares has been on the rise, up from 167 in Jun '14 to 263 in Jun '15, a reassuring indication concerning the I criteria. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication its shares have been under slight accumulation over the past 50 days.

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
GSBC - NASDAQ Great Southern Bancorp BANKING - Savings and Loans	$42.12	-0.55 -1.29%	$42.94	19,528 62.99% of 50 DAV 50 DAV is 31,000	$42.99 -2.02%	4/27/2015	$40.94	PP = $40.54
								MB = $42.57
Most Recent Note - 7/14/2015 12:19:21 PM G - Holding its ground near its "max buy" level and 52-week high after finding support near prior highs in the $41 area and its 50 DMA line. Damaging losses leading to violations would trigger technical sell signals. >>> FEATURED STOCK ARTICLE : Finding Support Near Prior Highs and 50-Day Moving Average - 7/9/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
BOFI - NASDAQ B O F I Holding Inc BANKING - Savings andamp; Loans	$114.00	+1.94 1.73%	$115.57	357,811 210.48% of 50 DAV 50 DAV is 170,000	$112.40 1.42%	6/10/2015	$101.47	PP = $97.78
								MB = $102.67
Most Recent Note - 7/16/2015 3:56:10 PM G - Hitting yet another new high with light volume behind today's 2nd consecutive gain, getting more extended from its prior base. Prior highs near $97 define important support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Hitting New Highs and Getting More Extended From a Sound Base - 7/10/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
EPAM - NYSE Epam Systems Inc COMPUTER SOFTWARE and SERVICES - Information Technology Service	$73.85	-1.21 -1.61%	$75.12	177,692 40.20% of 50 DAV 50 DAV is 442,000	$75.89 -2.69%	5/18/2015	$67.42	PP = $70.59
								MB = $74.12
Most Recent Note - 7/13/2015 4:01:32 PM Y - Wedged into new high territory with light volume behind today's 3rd consecutive small gain. A violation of the 50 DMA line ($70.24) would raise greater concerns and trigger technical sell signals. Due to report earnings on 08/03/15, and volume and volatility often increase near earnings news. >>> FEATURED STOCK ARTICLE : 50 DMA Line Defines Support - 6/30/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ILMN - NASDAQ Illumina Inc DRUGS - Biotechnology	$238.78	+7.92 3.43%	$239.22	912,104 73.44% of 50 DAV 50 DAV is 1,242,000	$232.00 2.92%	6/8/2015	$209.97	PP = $213.43
								MB = $224.10
Most Recent Note - 7/14/2015 5:48:51 PM G - Color code is changed to green after rallying above its "max buy" level for new highs today with above average volume. Prior highs and its 50 DMA line define near-term support. >>> FEATURED STOCK ARTICLE : Still Above Near-Term Support After Pullback on Higher Volume - 7/8/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
VRX - NYSE Valeant Pharmaceuticals DRUGS - Drug Manufacturers - Other	$235.27	-3.59 -1.50%	$240.79	700,971 45.25% of 50 DAV 50 DAV is 1,549,000	$246.01 -4.37%	7/14/2015	$236.75	PP = $246.11
								MB = $258.42
Most Recent Note - 7/14/2015 5:45:33 PM Y - Color code is changed to yellow with new pivot point cited based on its 5/28/15 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Gains above its 50 DMA line were backed by light volume. Damaging losses below the recent low ($219.56 on 6/29/15) would raise concerns and trigger a more worrisome technical sell signal. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : New Base Has Formed and Earnings News is Due Soon - 7/14/2015 \| 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
AMBA - NASDAQ Ambarella Inc ELECTRONICS - Semiconductor - Specialized	$109.47	+1.30 1.20%	$110.14	1,082,662 28.08% of 50 DAV 50 DAV is 3,856,000	$128.06 -14.52%	5/1/2015	$75.99	PP = $77.49
								MB = $81.36
Most Recent Note - 7/16/2015 3:58:50 PM G - Up with lighter volume today, making more progress after finding support well above its 50 DMA line. Damaging violations of the 50 DMA line and recent low ($93.06 on 6/22/15) would trigger more worrisome technical sell signals. >>> FEATURED STOCK ARTICLE : Holding Ground After Big Pullback on Heavy Volume Triggered Technical Sell Signal - 6/25/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ACHC - NASDAQ Acadia Healthcare Inc HEALTH SERVICES - Specialized Health Services	$80.73	-0.28 -0.35%	$81.34	153,257 17.90% of 50 DAV 50 DAV is 856,000	$81.76 -1.26%	5/27/2015	$73.90	PP = $74.19
								MB = $77.90
Most Recent Note - 7/13/2015 6:36:01 PM G - Holding its ground above its "max buy" level and it touched a new all-time high today. Prior highs in the $74-75 area define near-term support to watch above its 50 DMA line ($73.44). >>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched at High - 7/15/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
APOG - NASDAQ Apogee Enterprises MATERIALS and CONSTRUCTION - General Building Materials	$53.56	+0.40 0.75%	$54.07	238,757 79.59% of 50 DAV 50 DAV is 300,000	$61.05 -12.27%	4/9/2015	$49.58	PP = $48.13
								MB = $50.54
Most Recent Note - 7/13/2015 6:33:55 PM G - Still quietly sputtering below its 50 DMA line ($54.89). A rebound above the 50 DMA line is needed to help its outlook improve. Damaging losses below recent low ($50.07 on 7/07/15) would raise greater concerns. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Sputtering After Damaging 50-Day Moving Average Violation - 7/13/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
JLL - NYSE Jones Lang Lasalle Inc REAL ESTATE - Property Management/Developmen	$172.99	-2.92 -1.66%	$176.49	132,349 38.70% of 50 DAV 50 DAV is 342,000	$177.11 -2.33%	6/4/2015	$172.34	PP = $174.93
								MB = $183.68
Most Recent Note - 7/13/2015 3:58:39 PM Y - Touched a new high today but its gain is backed by light volume. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. >>> FEATURED STOCK ARTICLE : Did Not Trigger a New Technical Buy Signal - 6/29/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$167.10	-0.22 -0.13%	$168.48	246,495 29.95% of 50 DAV 50 DAV is 823,000	$169.31 -1.31%	5/29/2015	$155.03	PP = $159.95
								MB = $167.95
Most Recent Note - 7/16/2015 3:57:29 PM Y - Pulling back from its all-time high with higher volume today, a sign of distributional pressure. Near its "max buy" level following 5 consecutive gains. Prior highs near $159 define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Still Consolidating Above 50-Day Moving Average Line - 6/22/2015 \| 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
LXFT - NYSE Luxoft Holding Inc Cl A Comp Sftwr-Spec Enterprs	$61.99	-0.01 -0.02%	$62.47	186,596 75.85% of 50 DAV 50 DAV is 246,000	$63.00 -1.60%	5/26/2015	$51.90	PP = $57.40
								MB = $60.27
Most Recent Note - 7/16/2015 5:42:52 PM G - Extended from its prior base. Prior highs define near-term support above its 50 DMA line. Subsequent violations would trigger technical sell signals. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Extended From Base After Wedging Higher - 7/16/2015 \| 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	$190.63	+0.57 0.30%	$192.70	728,406 50.17% of 50 DAV 50 DAV is 1,452,000	$191.75 -0.58%	3/27/2015	$146.44	PP = $149.45
								MB = $156.92
Most Recent Note - 7/16/2015 3:54:46 PM G - Wedging further into new high territory with today's 7th consecutive gain lacking great volume conviction, getting more extended from any sound base. Recent lows and its 50 DMA line define the nearest chart support to watch. >>> FEATURED STOCK ARTICLE : Higher Volume Loss a Sign of Distributional Pressure - 6/26/2015 \| 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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