FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, August 27th, 2015

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AFTER MARKET UPDATE - THURSDAY, AUGUST 27TH, 2015

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Indices				NYSE			Nasdaq
DOW	+369.26	16,654.77	+2.27%	Volume	1,225,356,280	-4%	Volume	2,179,014,300	-10%
NASDAQ	+115.17	4,812.71	+2.45%	Advancers	2,829	90%	Advancers	2,361	79%
S&P 500	+47.15	1,987.66	+2.43%	Decliners	327	10%	Decliners	643	21%
Russell 2000	+21.42	1,153.61	+1.89%	52 Wk Highs	5		52 Wk Highs	19
S&P 600	+11.20	670.51	+1.70%	52 Wk Lows	27		52 Wk Lows	50

Breadth Positive But Gains Were Backed by Less Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished higher on Thursday. The Dow was up 369 points to 16654. The S&P 500 gained 47 points to 1987. The NASDAQ climbed 115 points to 4812. Thursday's volume totals were reported lighter than the prior session on the NYSE and on the Nasdaq exchange, however, a sign of less serious buying demand coming from the institutional crowd. Breadth was solidly positive as advancers led decliners by more than 8-1 margin on the NYSE and by nearly 4-1 on the Nasdaq exchange. There were 5 stocks that made it onto the BreakOuts Page, up from 1 high-ranked company from the Leaders List that made a new 52-week high on the prior session. That is a far cry from the 107 stocks on July 16th. There were gains for all 5 high-ranked companies currently on the Featured Stocks Page, a list that was trimmed during recent weakness. The total number of new 52-week highs remained in the single digits on NYSE while new 52-week highs solidly outnumbered new 52-week lows totals on both exchanges.

Charts courtesy www.stockcharts.com

PICTURED: The 5-year chart of the Nasdaq Composite Index illustrates the considerable Bull Market then shows the severity of the recently noted correction. Gains on Thursday's session marked Day 2 of a new rally attempt. Provided that the Day 1 session lows are not violated, investors may start looking for a valid follow-through day to possibly signal a new "confirmed rally" at some point between Day 4 and Day 7, or afterward.

Keep in mind, for a market environment to be considered technically "healthy" at least 2 of the 3 major indices should be trading above their respective 200-day moving average (DMA) lines. The market correction (M criteria) grew worrisome as all of the major indices dove below their respective 200-day moving average (DMA) lines. A lot of recovery work must be done to get the indices back into "healthy" shape, and that improvement could require some considerable time and patience.

Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. This is precisely how the fact-based investment system prompts investors to reduce exposure in weak markets, preserving cash until another confirmed rally marked by solid leadership.

The major averages overcame volatility and a late-day selloff to end the session strongly in the black. Economic data has helped propel markets as second-quarter GDP was revised higher to an unexpected 3.7% expansion, while personal consumption rose 3.1%. While pending home sales in July failed to meet expectations, jobless claims last week surprisingly fell 6,000 to 271,000.

All 10 S&P 500 sectors were in positive territory. Energy and materials were the best performers, in sympathy with raw materials prices. Exxon Mobil (XOM +3.24%) and Freeport McMoRan (FCX +28.66%) surged higher. In consumer discretionary, Apple (AAPL +2.94%) rose on the heels of formally announcing its September 9th product debut. Tesla (TSLA +8.07%) rallied after Consumer Reports said the Model S was the best car they have ever tested. In earnings, JM Smucker (SJM +6.5%) and PVH Corp (PVH +6.04%) gained following positive profit tallies from both. However, Tiffany (TIF -2.10%) and Dollar General (DG -3.2%) fell on mixed earnings reports.

Treasuries were marginally lower. The benchmark 10-year note retreated 3/32 to yield 2.19%.

Commodities were mixed. WTI crude posted its best day in six years, as it soared 10.1% higher to $42.50/barrel. COMEX gold lost 0.2% to $1122.40/ounce amid dollar strength.

The number of stocks currently listed to the Featured Stocks Page has waned based on deteriorating market conditions. The most current notes with headline links help members have 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.

Commodity-Linked Groups Rallied Most Amid Broad Rebound
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX +2.16%) rebounded above its 50-day moving average (DMA) line after finding prompt support at its 200 DMA line. Financial shares were a positive influence on the major averages as the Broker/Dealer Index ($XBD +2.35%) and the Bank Index ($BKX +2.84%) both continued their 2-day bounceback.

The tech sector was led by a bounce from the Semiconductor Index ($SOX +3.73%) - shown in the Industry Group Watch section Tuesday testing its October 2014 lows (read here). The Biotechnology Index ($BTK +2.74%) and Networking Index ($NWX +2.00%) also posted big gains.

The Gold & Silver Index ($XAU +6.53%) whipped higher once again. The Oil Services Index ($OSX +6.45%) posted considerable gains for second consecutive session while recovering from near 6-year lows.The Integrated Oil Index ($XOI +5.08%) also has made a sharp rebound.

Charts courtesy www.stockcharts.com

PICTURED: The Networking Index ($NWX +2.01%) rebounded back above its 200-day moving average (DMA) line. It recently slumped below the 200 DMA line and undercut prior lows. The 50 DMA line has been downward sloping since June, a sign the group has actually been struggling for quite a while. The tech group may continue to dig its heels in near the 200 DMA line. However, more damaging losses could signal a worsening of the already noted market "correction" for the major averages (M criteria), The fact-based investment system discourages speculating on out of favor groups and weak stocks. During especially weak market environments investors should preserve cash by reducing exposure.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	174.44	+10.58	+6.46%	-17.28%
Integrated Oil	$XOI	1,113.78	+53.89	+5.08%	-17.38%
Semiconductor	$SOX	609.76	+21.94	+3.73%	-11.23%
Networking	$NWX	372.51	+7.30	+2.00%	+4.07%
Broker/Dealer	$XBD	176.33	+4.05	+2.35%	-4.50%
Retail	$RLX	1,203.28	+25.48	+2.16%	+17.81%
Gold & Silver	$XAU	46.84	+2.87	+6.53%	-31.90%
Bank	$BKX	72.88	+2.01	+2.84%	-1.86%
Biotech	$BTK	3,871.68	+103.20	+2.74%	+12.58%

After Shakeout a Prompt Rebound Above 50-Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Luxoft Holding Inc Cl A (LXFT +$0.32 or +0.52% to $61.88) has promptly rebounded above its 50-day moving average (DMA) line ($60.47) helping its outlook improve. It triggered technical sell signals with damaging volume-driven losses as it sank deep into the prior base on 8/24/15 amid broad-based market weakness (M crieria). While it has found encouraging support, more damaging losses would raise greater concerns.

LXFT blasted to new highs after last shown in this FSU section on 8/10/15 with an annotated graph under the headline, "Earnings News Often Leads to Greater Volume and Volatility". It reported earnings +36% on +32% sales revenues for the Jun '15 quarter, continuing its strong quarterly and annual earnings history (C and A criteria) matching the guidelines of the fact-based investment system. Sales revenues growth has been strong while it reported earnings +32%, +23%, +50%, and +28% in the Jun, Sep, Dec '14 and Mar '15 quarters versus the year ago periods.

It was first highlighted in yellow with a pivot point cited based on its 4/23/15 high plus 10 cents in the 5/26/15 mid-day report (read here). Members were reminded - "Disciplined investors know that subsequent volume-driven gains above the pivot point for new highs (N criteria) are needed to trigger a proper technical buy signal." The confirming gains with heavy volume came later, on June 25th and 26th.

The number of top-rated funds owning its shares rose from 185 in Jun '14 to 265 in Jun '15, a reassuring sign concerning the I criteria. It has earned a Timeliness Rating of B. Its small supply of only 30.2 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling.

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
BOFI - NASDAQ B O F I Holding Inc BANKING - Savings andamp; Loans	$121.50	+2.49 2.09%	$122.07	259,359 99.75% of 50 DAV 50 DAV is 260,000	$134.79 -9.86%	6/10/2015	$101.47	PP = $97.78
								MB = $102.67
Most Recent Note - 8/27/2015 6:37:01 PM G - Recent market weakness (M criteria) has raised concerns. Halted its slide at its 50 DMA line with today's gain after 7 consecutive losses. It has not formed a sound base following a considerable +32% rally in less than 2 months after first featured in yellow in the 6/10/15 mid-day report. >>> FEATURED STOCK ARTICLE : Hovering Near Highs Very Extended From Sound Base - 8/20/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AHS - NYSE A M N Healthcare Svcs DIVERSIFIED SERVICES - Staffing and Outsourcing Service	$34.62	+0.30 0.87%	$35.56	1,084,765 144.64% of 50 DAV 50 DAV is 750,000	$37.25 -7.06%	8/5/2015	$34.50	PP = $32.53
								MB = $34.16
Most Recent Note - 8/25/2015 8:25:01 PM G - Found support today following damaging losses testing prior highs and its 50 DMA line. More damaging losses would raise greater concerns. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Testing Support Amid Broad Market Weakness - 8/25/2015 \| 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	$160.24	+2.19 1.39%	$162.99	2,276,987 282.50% of 50 DAV 50 DAV is 806,000	$176.77 -9.35%	5/29/2015	$155.03	PP = $159.95
								MB = $167.95
Most Recent Note - 8/27/2015 1:12:34 PM G - After damaging losses a rebound above the 50 DMA line ($163.52) is needed for its outlook to improve. Found prompt support after undercutting its 200 DMA line on 8/24/15 amid broad market (M criteria) weakness. >>> FEATURED STOCK ARTICLE : Recent Gains Have Still Lacked Substantial Volume Conviction - 8/13/2015 \| 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	$61.88	+0.32 0.52%	$62.11	221,006 77.01% of 50 DAV 50 DAV is 287,000	$68.16 -9.21%	5/26/2015	$51.90	PP = $57.40
								MB = $60.27
Most Recent Note - 8/27/2015 6:30:38 PM G - Prompt rebound above the 50 DMA line helped its outlook improve following recent shakeout and broad market weakness (M criteria). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : After Shakeout a Prompt Rebound Above 50-Day Moving Average - 8/27/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
INGN - NASDAQ Inogen Inc HEALTH SERVICES - Medical Instruments and Supplies	$47.41	+0.37 0.79%	$48.40	168,759 60.70% of 50 DAV 50 DAV is 278,000	$51.86 -8.58%	8/12/2015	$49.01	PP = $45.85
								MB = $48.14
Most Recent Note - 8/27/2015 6:40:54 PM Y - Briefly undercut prior highs near $45 defining support along with its 50 DMA line ($44.86) and it is now quietly consolidating below its "max buy" level after finding prompt support. Recently noted market weakness (M criteria) is an overriding concern arguing against new buying efforts. >>> FEATURED STOCK ARTICLE : Finished Strong With Volume-Driven Breakout Gain - 8/12/2015 \| 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

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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