FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, September 9th, 2015

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AFTER MARKET UPDATE - WEDNESDAY, SEPTEMBER 9TH, 2015

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Indices				NYSE			Nasdaq
DOW	-239.11	16,253.57	-1.45%	Volume	905,706,740	+1%	Volume	1,789,954,370	+10%
NASDAQ	-55.40	4,756.53	-1.15%	Advancers	748	24%	Advancers	888	31%
S&P 500	-27.37	1,942.04	-1.39%	Decliners	2,317	76%	Decliners	1,993	69%
Russell 2000	-13.54	1,148.23	-1.17%	52 Wk Highs	25		52 Wk Highs	42
S&P 600	-6.66	667.68	-0.99%	52 Wk Lows	50		52 Wk Lows	46

Major Averages Reversed Course to Close Lower
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stocks reversed course to close lower on Wednesday. The Dow lost 239 points after earlier gaining 172 points to finish at 16253. The S&P 500 fell 27 points to 1942. The NASDAQ retreated 55 points to 4756. The volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange, a sign of distributional pressure. Breadth was negative as decliners led advancers by a 3-1 margin on the NYSE and 2-1 on the Nasdaq exchange. Leadership improved as 19 stocks made it onto the BreakOuts Page, up from 14 high-ranked companies from the Leaders List that made a new 52-week high on the prior session. There were gains for 3 of the 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 lows outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange.

Charts courtesy www.stockcharts.com

PICTURED: The Dow Jones Industrial Average encountered distributional pressure on Wednesday. The poor action and weak finish was a worrisome sign immediately after Tuesday's follow-through day marked the beginning of a new "confirmed rally". Regular readers have been repeatedly reminded that 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. 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.

New buying efforts may only be considered in stocks meeting all key criteria of the fact-based investment system. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price.

The major averages declined as traders positioned for future Fed rate hikes. A survey of job openings showed 5,753 were created in July, more than the projected 5,300.

At the close, all 10 S&P 500 sectors were in negative territory. Energy paced declines in sympathy with oil prices. Exxon Mobil (XOM -2.04%) fell while a short position by Jim Chanos sent Cheniere (LNG -3.10%) lower. Apple (AAPL -1.92%) fell after investors grew disappointed by their product debut. In discretionary stocks, McDonald’s (MCD -1.39%) fell despite positive same-store sales reports and new cage-free menu options. Similarly, Netflix (NFLX +4.45%) on plans to expand into Asia. Materials outperformed as Freeport McMoRan (FCX +3.17%) rose as copper prices climbed.

Treasuries erased earlier losses. Amid a $21 billion auction that was highly rated among participants, the 10-year note lost 1/32 to yield 2.19%.

Commodities were broadly lower. WTI crude lost 3.7% to $44.26 per barrel ahead of tonight’s inventory report. COMEX gold fell 1.3% to $1106.70 per ounce as the dollar gained on the yen and euro.

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 Led Widespread Weakness
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Wednesday the Retail Index ($RLX -0.83%) slumped and financial shares were a negative influence on the major averages as the Broker/Dealer Index ($XBD -1.27%) and the Bank Index ($BKX -1.24%) both fell. The tech sector was weak as the Semiconductor Index ($SOX -1.80%), Biotechnology Index ($BTK -1.77%), and the Networking Index ($NWX -0.60%) suffered unanimous losses. Commodity-linked groups were the weakest as the Gold & Silver Index ($XAU -2.82%) ended lower. The Oil Services Index ($OSX -2.91%) and the Integrated Oil Index ($XOI -1.45%) both sank.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX -1.24%) remains well below its 50-day and 200-day moving average (DMA) lines. It faces near-term resistance at its prior high and the 200 DMA line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	173.51	-5.19	-2.90%	-17.72%
Integrated Oil	$XOI	1,090.87	-16.05	-1.45%	-19.08%
Semiconductor	$SOX	612.83	-11.23	-1.80%	-10.78%
Networking	$NWX	369.82	-2.21	-0.60%	+3.32%
Broker/Dealer	$XBD	172.84	-2.23	-1.27%	-6.39%
Retail	$RLX	1,181.90	-9.90	-0.83%	+14.44%
Gold & Silver	$XAU	44.48	-1.29	-2.82%	-35.33%
Bank	$BKX	71.04	-0.89	-1.24%	-4.34%
Biotech	$BTK	3,833.17	-68.99	-1.77%	+11.46%

Further Volume-Driven Gains Into New High Territory
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Inogen Inc (INGN +$0.26 or +0.50% to $52.73) rose into new high territory today with a volume-driven gain after a brief consolidation. It found prompt support near its 50-day moving average (DMA) line and prior highs when consolidating. Technically, it broke out with a gap up and considerable volume-driven gain when last shown in this FSU section on 8/12/15 with an annotated graph under the headline, "Finished Strong With Volume-Driven Breakout Gain".It was highlighted in yellow with pivot point cited based on its 6/23/15 high plus 10 cents in the 8/12/15 mid-day report (read here).

Bullish action came as it reported Jun '15 earnings +55% on 45% sales revenues, its 4th consecutive quarterly earnings increase above the +25% minimum guideline (C criteria). During that time its sales revenues growth has been in the +43-49% range, a reassuring sign of increasing demand for its new products and services (N criteria).

The number of top-rated funds owning its shares rose from 114 in Sep '14 to 200 in Jun '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 500 days. Its small supply of only 11.8 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling.

Its limited history was previously noted as a concern, yet it is up considerably from its $16 IPO on 2/14/14 followed by a Secondary Offering on 10/30/14.

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	$118.14	+1.00 0.85%	$119.88	284,863 94.64% of 50 DAV 50 DAV is 301,000	$134.79 -12.35%	6/10/2015	$101.47	PP = $97.78
								MB = $102.67
Most Recent Note - 9/8/2015 6:16:23 PM G - Rebounded near its 50 DMA line which may act as resistance. A finish above the 50 DMA line is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Damaging Losses Triggered Technical Sell Signal - 9/2/2015 \| 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	$34.95	-0.15 -0.43%	$35.71	623,093 82.20% of 50 DAV 50 DAV is 758,000	$37.25 -6.17%	8/5/2015	$34.50	PP = $32.53
								MB = $34.16
Most Recent Note - 9/9/2015 5:41:47 PM G - Perched within striking distance of its 52-week high, consolidating above its 50 DMA line and prior highs defining important near term support. >>> FEATURED STOCK ARTICLE : Finding Support Above 50-Day Average and Prior Highs - 9/4/2015 \| 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	$163.40	-1.21 -0.74%	$169.14	1,416,293 153.11% of 50 DAV 50 DAV is 925,000	$176.77 -7.56%	5/29/2015	$155.03	PP = $159.95
								MB = $167.95
Most Recent Note - 9/9/2015 1:06:15 PM G - Rebound above the 50 DMA line helps its outlook to improve, however it has not formed a sound base following the deep shakeout on 8/24/15. >>> FEATURED STOCK ARTICLE : Needs Rebound Above 50-Day Average For Outlook to Improve - 9/1/2015 \| 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	$65.59	+0.59 0.91%	$66.82	262,051 100.40% of 50 DAV 50 DAV is 261,000	$68.16 -3.77%	5/26/2015	$51.90	PP = $57.40
								MB = $60.27
Most Recent Note - 9/8/2015 6:12:02 PM G - Rallied near its 52-week high with above average volume behind a big gain. Found prompt support after violating its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Approaching Highs With Solid Gain on Higher Volume - 9/8/2015 \| 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	$52.73	+0.26 0.50%	$53.98	394,505 154.71% of 50 DAV 50 DAV is 255,000	$53.15 -0.79%	8/12/2015	$49.01	PP = $45.85
								MB = $48.14
Most Recent Note - 9/9/2015 5:39:35 PM G - Hit another new high with +55% above average volume behind today's gain, getting more extended from its prior base. Found prompt support near its 50 DMA line and prior highs. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Further Volume-Driven Gains Into New High Territory - 9/9/2015 \| 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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