FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, September 15th, 2016

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AFTER MARKET UPDATE - THURSDAY, SEPTEMBER 15TH, 2016

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Indices				NYSE			Nasdaq
DOW	+177.71	18,212.48	+0.99%	Volume	819,878,630	-7%	Volume	1,777,730,350	+2%
NASDAQ	+75.92	5,249.69	+1.47%	Advancers	2,255	76%	Advancers	2,095	73%
S&P 500	+21.49	2,147.26	+1.01%	Decliners	712	24%	Decliners	764	27%
Russell 2000	+15.43	1,227.02	+1.27%	52 Wk Highs	44		52 Wk Highs	66
S&P 600	+9.33	741.61	+1.27%	52 Wk Lows	18		52 Wk Lows	39

Major Averages Rebounded With an Increase in Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished firmly higher on Thursday. The Dow was up 177 points to 18212. The S&P 500 added 21 points to 2147 and the Nasdaq Composite gained 75 points to 5249. The volume totals were mixed, lighter than the prior session on the NYSE and slightly higher on the Nasdaq exchange. Advancers led decliners by more than a 3-1 margin on the NYSE and nearly 3-1 on the Nasdaq exchange. Leadership improved as 22 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from 9 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange, another encouraging sign of improvement.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index has been testing prior highs. Heavier volume was behind damaging losses while slumping below its 50-day moving average (DMA) line.

The major indices' charts have shown the worrisome look of a "correction", and the recently noted "healthy crop" of leading stocks has withered considerably. In periods of market weakness the fact-based investment system suggests reducing exposure to stocks as they weaken and on a case-by-case basis. The Featured Stocks Page lists noteworthy candidates that have made headway. Technical damage for the market (M criteria) still remains after Monday's bounce, as both the Dow Jones Industrial Average and the S&P 500 Index remain below their respective 50-day moving average (DMA) lines.

The major averages advanced for a second session as investors digested a flurry of updates on the economy. Retail sales fell 0.3% in August versus expectations of a 0.1% decline. In separate reports, industrial production dropped 0.4% in August while producer prices were unchanged. Finally, the Philadelphia Fed reported activity increased in the Mid-Atlantic region in September. According to Bloomberg data, odds of a rate hike at next week’s policy meeting slipped 2% after the economic releases.

All 11 sectors in the S&P 500 finished in positive territory with Technology stocks leading the advance. Apple (AAPL +3.40%) rose amid reports the initial run of the iPhone 7 Plus has sold out globally. Global Payments (GPN +3.44%) rose after being the subject of positive analyst commentary. In the consumer space, shares of Goodyear (GTR +5.13%) rose as the tire maker increased its dividend by 43%. Monsanto (MON -2.38%) was a notable decliner amid speculation its merger with Bayer AG (BAYRY -2.03%) will face political and regulatory scrutiny.

Treasuries finished mixed with the benchmark 10-year note down 1/32 to yield 1.70%. In commodities, NYMEX WTI crude gained 0.8% to $43.91/barrel. COMEX gold lost 0.6% to $1314.00/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.

Tech, Energy, Financial and Retail Indices Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Semiconductor Index ($SOX +2.30%), Networking Index ($NWX +1.43%), and Biotechnology Index ($BTK +0.99%) posted unanimous gains on Thursday. The Broker/Dealer Index ($XBD +2.06%) outpaced the Bank Index ($BKX +0.67%) and the Retail Index ($RLX +0.86%) which both posted modest gains. The Gold & Silver Index ($XAU +0.46%), Oil Services Index ($OSX +1.19%) and the Integrated Oil Index ($XOI +1.42%) rounded out the solidly positive session with gains.

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +2.06%) is consolidating above its 50-day and 200-day moving average (DMA) lines which recently converged.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	151.74	+1.78	+1.19%	-3.80%
Integrated Oil	$XOI	1,109.59	+15.53	+1.42%	+3.44%
Semiconductor	$SOX	801.77	+18.05	+2.30%	+20.84%
Networking	$NWX	394.10	+5.55	+1.43%	+4.83%
Broker/Dealer	$XBD	172.61	+3.49	+2.06%	-3.08%
Retail	$RLX	1,316.58	+11.18	+0.86%	+2.58%
Gold & Silver	$XAU	92.71	+0.43	+0.47%	+104.66%
Bank	$BKX	71.14	+0.47	+0.67%	-2.65%
Biotech	$BTK	3,437.33	+33.86	+0.99%	-9.87%

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Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

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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
TDG - NYSE Transdigm Group Inc AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services	$284.32	+2.97 1.06%	$285.38	219,764 65.60% of 50 DAV 50 DAV is 335,000	$294.38 -3.42%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 9/13/2016 5:50:29 PM G - Fell today with light volume, slumping near its 50 DMA line ($279) defining important near-term support to watch. >>> FEATURED STOCK ARTICLE : Light Volume Behind Gains Wedging for New Highs - 9/7/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
IESC - NASDAQ I E S Holdings Inc Bldg-Maintenance and Svc	$16.02	+0.77 5.05%	$16.06	34,251 40.78% of 50 DAV 50 DAV is 84,000	$18.16 -11.78%	7/26/2016	$15.79	PP = $15.74
								MB = $16.53
Most Recent Note - 9/15/2016 12:36:03 PM G - It has found support at its 50 DMA line ($15.26) following a "negative reversal" noted on 9/06/16. Below that important short-term average, the prior low (13.50 on 8/02/16) defines the next important near-term support to watch. >>> FEATURED STOCK ARTICLE : Strength Returned With Heavier Volume Gains for Highs - 8/30/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NTES - NASDAQ Netease Inc Adr INTERNET - Internet Information Providers	$237.75	+2.99 1.27%	$239.20	897,756 77.26% of 50 DAV 50 DAV is 1,162,000	$243.15 -2.22%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 9/14/2016 12:34:34 PM G - Tallying considerable gains with above average volume and rallying further into new all-time high territory. It is very extended from any sound base. Its 50 DMA line ($206) defines near-term support. >>> FEATURED STOCK ARTICLE : Pulled Back on Higher Volume Following Earnings Report - 8/18/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HTHT - NASDAQ China Lodging Group Ads LEISURE - Lodging	$45.90	+0.48 1.06%	$46.00	83,913 38.14% of 50 DAV 50 DAV is 220,000	$47.72 -3.81%	7/13/2016	$38.87	PP = $39.29
								MB = $41.25
Most Recent Note - 9/15/2016 12:48:36 PM G - Still stubbornly holding its ground near all-time highs, extended from any sound base after rallying well above its "max buy" level. Prior highs and its 50 DMA line in the $41 area define near term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Volume-Driven Gains for New Highs Signal Institutional Demand - 8/17/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PATK - NASDAQ Patrick Industries Inc WHOLESALE - Building Materials Wholesale	$60.56	+0.00 0.00%	$61.08	109,569 50.49% of 50 DAV 50 DAV is 217,000	$69.53 -12.90%	9/8/2016	$64.74	PP = $69.63
								MB = $73.11
Most Recent Note - 9/13/2016 5:43:16 PM G - Color code is changed to green after slumping below its 50 DMA line near prior lows. New pivot point was recently cited based on its 7/28/16 high plus 10 cents, however gains above the pivot point with heavy volume did not show up after members were reminded - "Volume-driven gains for new highs may trigger a new (or add-on) technical buy signal." >>> FEATURED STOCK ARTICLE : Building a New Base Above 50-Day Moving Average Line - 8/31/2016 \| 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
FBHS - NYSE Fortune Brands Hme & Sec Bldg-Constr Prds/Misc	$57.83	+0.33 0.57%	$57.99	941,598 79.51% of 50 DAV 50 DAV is 1,184,300	$64.47 -10.30%	6/22/2016	$57.71	PP = $60.08
								MB = $63.08
Most Recent Note - 9/15/2016 12:45:28 PM It will be dropped from the Featured Stocks list tonight. Failing to rebound meaningfully after damaging losses, but a rebound above its 50 DMA line is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Pullback Testing Important Near-Term Support Level - 9/8/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LGIH - NASDAQ L G I Homes Inc Bldg-Resident/Comml	$36.64	+0.68 1.89%	$36.91	335,766 60.28% of 50 DAV 50 DAV is 557,000	$40.47 -9.46%	8/29/2016	$37.08	PP = $36.44
								MB = $38.26
Most Recent Note - 9/15/2016 12:41:58 PM Y - Still testing support near prior highs in the $36 area and its 50 DMA line ($35.17). More damaging losses leading to violations would raise greater concerns and trigger technical sell signals. >>> FEATURED STOCK ARTICLE : Finished Strong While Rallying From Cup-With-Handle Base - 8/29/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SFBS - NASDAQ "ServisFirst Bancshares, Inc" BANKING - Regional - Southeast Banks	$51.34	+0.87 1.72%	$51.38	45,377 72.84% of 50 DAV 50 DAV is 62,300	$53.58 -4.18%	7/19/2016	$53.28	PP = $52.82
								MB = $55.46
Most Recent Note - 9/15/2016 12:47:06 PM G - Color code is changed to green while sputtering near its 50 DMA line ($51.18). Members were previously reminded - "A volume-driven gain and strong close above the pivot point are needed to clinch a convincing technical buy signal. It has been quietly consolidating since highlighted in yellow in the 7/19/16 mid-day report with pivot point cited based on the 6/01/16 high plus 10 cents." >>> FEATURED STOCK ARTICLE : Still Consolidating Within Close Striking Distance of New Highs - 8/25/2016 \| 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	$59.36	+1.74 3.02%	$59.37	164,254 81.72% of 50 DAV 50 DAV is 201,000	$60.71 -2.22%	8/5/2016	$51.72	PP = $56.08
								MB = $58.88
Most Recent Note - 9/15/2016 12:39:23 PM G - Consolidating above its "max buy" level, still perched near its 52-week high. Its 50 DMA line ($55.14) defines important near-term support coinciding with its Sep '15 highs. See the latest FSU analysis for additional details and an annotated graph. >>> FEATURED STOCK ARTICLE : Stubbornly Holding Ground Near All-Time High - 9/12/2016 \| 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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