FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Monday, September 19th, 2016

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AFTER MARKET UPDATE - MONDAY, SEPTEMBER 19TH, 2016

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Indices				NYSE			Nasdaq
DOW	-3.63	18,120.17	-0.02%	Volume	759,578,250	-64%	Volume	1,650,219,560	-38%
NASDAQ	-9.54	5,235.03	-0.18%	Advancers	2,042	69%	Advancers	1,693	59%
S&P 500	-0.04	2,139.12	-0.00%	Decliners	927	31%	Decliners	1,172	41%
Russell 2000	+7.75	1,232.53	+0.63%	52 Wk Highs	67		52 Wk Highs	116
S&P 600	+4.35	744.85	+0.59%	52 Wk Lows	15		52 Wk Lows	51

Leadership Improved While Major Indices Were Little Changed
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished little changed on Monday. The Dow was down 3 points to 18120. The S&P 500 was unchanged at 2139 and the Nasdaq Composite fell 9 points to 5235. The volume totals were much lighter than the prior session on the NYSE and on the Nasdaq exchange. Advancers led decliners by more than a 2-1 margin on the NYSE and by a 4-3 margin on the Nasdaq exchange. Leadership improved as 38 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from 28 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange for a third consecutive session, an encouraging sign of improvement.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average is still sputtering below its 50-day moving average (DMA) line and below prior highs following damaging volume-driven losses.

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. Technical damage for the market (M criteria) remains while both the Dow Jones Industrial Average and the S&P 500 Index have failed to rebounded from below their respective 50-day moving average (DMA) lines. The Featured Stocks Page lists noteworthy candidates that have made headway.

The major averages pared early gains in a choppy session as oil prices climbed and investors mark time before the Bank of Japan and Federal Reserve policy meetings this week. According to Bloomberg data, futures are currently pricing a 20% probability of a rate hike at the conclusion of the Fed meeting on Wednesday. On the data front, the NAHB survey revealed homebuilder sentiment rose this month.

Six of 11 sectors in the S&P 500 finished in negative territory. In M&A news, Tech Data (TECD +22.30%) rose after agreeing to purchase Avnet’s (AVT +6.83%) Technology Solutions business unit for $2.4 billion. Sarepta Therapeutics (SRPT +73.85%) surged with news the FDA approved its muscular dystrophy drug eteplirsen. In the consumer space, the new General Motors Company(GM +2.42%) rose after being the subject of positive analyst commentary. Shares of WebMD (WBMD -5.68%) fell as the company announced the departure of its CEO by mutual agreement.

Treasuries declined along the curve with the benchmark 10-year note down 2/32 to yield 1.69%. In commodities, NYMEX WTI crude added 0.7% to $43.31/barrel amid reports that major oil-producing nations are nearing an agreement to stabilize crude output. In FOREX, the Dollar Index fell 0.3%.

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, Gold & Silver, and Networking Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Networking Index ($NWX +0.93%) led the tech sector while the Biotechnology Index ($BTK +0.12%) and the Semiconductor Index ($SOX +0.19%) each posted a small gain on Monday. The Broker/Dealer Index ($XBD +0.63%) and the Bank Index ($BKX +0.48%) both helped underpin the major averages, meanwhile the Retail Index ($RLX -0.18%) suffered a small loss. Commodity-linked groups were mixed as the Gold & Silver Index ($XAU +0.85%) rose, the Integrated Oil Index ($XOI -0.01%) finished flat, and the Oil Services Index ($OSX -0.19%) lost ground.

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU +0.85%) is consolidating below its 50-day moving average (DMA) line and near its prior lows.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	149.83	-0.29	-0.19%	-5.01%
Integrated Oil	$XOI	1,102.34	+0.06	+0.01%	+2.76%
Semiconductor	$SOX	803.06	+1.51	+0.19%	+21.04%
Networking	$NWX	395.64	+3.65	+0.93%	+5.24%
Broker/Dealer	$XBD	171.96	+1.08	+0.63%	-3.44%
Retail	$RLX	1,315.80	-2.32	-0.18%	+2.52%
Gold & Silver	$XAU	92.28	+0.78	+0.85%	+103.71%
Bank	$BKX	70.69	+0.34	+0.48%	-3.27%
Biotech	$BTK	3,362.15	+4.17	+0.12%	-11.85%

Seriously Applying the Fact-Based System Now
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	$282.50	+0.53 0.19%	$285.16	247,722 72.65% of 50 DAV 50 DAV is 341,000	$294.38 -4.04%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 9/16/2016 5:16:05 PM G - Down today with twice average volume, slumping near its 50 DMA line ($280) 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	$16.11	+0.06 0.37%	$16.91	63,023 75.03% of 50 DAV 50 DAV is 84,000	$18.16 -11.29%	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	$248.99	+10.96 4.60%	$252.42	2,185,896 190.41% of 50 DAV 50 DAV is 1,148,000	$243.15 2.40%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 9/19/2016 5:18:12 PM G - Tallied another considerable gain with above average volume today for new all-time highs, getting very extended from any sound base. Its 50 DMA line ($209) 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	$45.15	+0.46 1.03%	$45.29	116,587 53.73% of 50 DAV 50 DAV is 217,000	$47.72 -5.39%	7/13/2016	$38.87	PP = $39.29
								MB = $41.25
Most Recent Note - 9/16/2016 5:14:50 PM G - Perched near all-time highs, extended from any sound base. 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	$59.46	-0.12 -0.20%	$60.49	197,193 93.02% of 50 DAV 50 DAV is 212,000	$69.53 -14.48%	9/8/2016	$64.74	PP = $69.63
								MB = $73.11
Most Recent Note - 9/19/2016 5:20:16 PM G - Still sputtering below its 50 DMA line, and gains above that short-term average are needed for its outlook to improve. 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
LGIH - NASDAQ L G I Homes Inc Bldg-Resident/Comml	$35.95	+0.32 0.90%	$36.68	260,613 45.96% of 50 DAV 50 DAV is 567,000	$40.47 -11.17%	8/29/2016	$37.08	PP = $36.44
								MB = $38.26
Most Recent Note - 9/16/2016 5:13:23 PM Y - Ended near the session low with a loss on twice average volume undercutting prior highs in the $36 area. Testing near its 50 DMA line ($35.24), and more damaging losses leading to a violation would raise greater concerns and trigger a worrisome technical sell signal. >>> 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	$50.82	-0.03 -0.06%	$51.66	35,444 56.53% of 50 DAV 50 DAV is 62,700	$53.58 -5.15%	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	$59.74	-0.47 -0.78%	$60.95	132,536 66.27% of 50 DAV 50 DAV is 200,000	$60.71 -1.60%	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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