FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, September 23rd, 2015

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AFTER MARKET UPDATE - WEDNESDAY, SEPTEMBER 23RD, 2015

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Indices				NYSE			Nasdaq
DOW	-50.58	16,279.89	-0.31%	Volume	763,885,890	-19%	Volume	1,486,695,440	-21%
NASDAQ	-3.98	4,752.74	-0.08%	Advancers	1,254	41%	Advancers	1,219	43%
S&P 500	-3.98	1,938.76	-0.20%	Decliners	1,799	59%	Decliners	1,646	57%
Russell 2000	-2.98	1,140.05	-0.26%	52 Wk Highs	12		52 Wk Highs	26
S&P 600	-0.84	663.72	-0.13%	52 Wk Lows	239		52 Wk Lows	145

Breadth Positive While Major Averages Ended Slightly Lower
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished lower on Wednesday. The Dow lost 50 points to 16279. The S&P 500 fell 3 points to 1938. The NASDAQ declined 3 points to 4752. The volume totals were reported lower than the prior session totals on the NYSE and on the Nasdaq exchange, revealing no great institutional selling pressure. Breadth was negative as decliners led advancers by a 3-2 margin on the NYSE and 4-3 on the Nasdaq exchange. Leadership improved up as 8 stocks made it onto the BreakOuts Page, up from 2 high-ranked companies from the Leaders List that made a new 52-week high on the prior session. However, the total number of new 52-week lows expanded and solidly outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. There were gains for all 6 high-ranked companies currently on the Featured Stocks Page.

Charts courtesy www.stockcharts.com

PICTURED: The Nasdaq Composite Index met resistance at prior lows and its 50-day and 200-day moving average (DMA) lines before slumping again on higher volume. It is well below its 200-day moving average line. At least 2 of the 3 major indices should be trading above their respective 200-day moving average (DMA) lines in order for a market environment to be considered technically "healthy". 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 fluctuated as investors focused on individual corporate activity. Six of 10 S&P 500 sectors were in negative territory. Commodity producers were off the most. Materials were dragged lower by Freeport McMoRan’s (FCX -5.6%) decline. In sympathy with oil prices, Chevron (CVX -1.5%) fell. In the industrial space, Boeing (BA -1.7%) fell despite new Chinese plane orders. Tech outperformed as Facebook (FB +1.1%). In financials, Metlife (MET +0.7%) after increasing share buybacks by $1 billion. Health care stocks tried to rebound from recent weakness as Pfizer (PFE +1.1%).

Economic data showed manufacturing sentiment remained in expansionary territory in September, while mortgage applications last week posted strong gains. In Fed speak, regional president Lockhart advocated for a 2015 rate increase in a speech in Georgia.

Treasuries gave back some of the week’s gains. The benchmark 10-year note lost 5/32 to yield 2.15%.

Commodities were mixed. WTI crude erased the week’s gains as it retreated 3.6% to $44.71/barrel, despite larger-than-expected inventory draws. COMEX gold gained 0.4% to $1129.40/ounce. In FOREX, the dollar fell relative to the euro, but strengthened against the yen.

The number of stocks listed to the Featured Stocks Page waned during 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.

Broker/Dealer Index Rose; Tech and Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +0.50%) edged higher while the Bank Index ($BKX +0.09%) and the Retail Index ($RLX -0.04%) finished flat. Tech sector weakness weighed on the Nasdaq Composite Index more than the other major averages as the Semiconductor Index ($SOX -2.25%), Biotechnology Index ($BTK -1.45%), and the Networking Index ($NWX -1.56%) suffered unanimous losses. The Integrated Oil Index ($XOI -1.41%) fell and the Oil Services Index ($OSX -0.09%) finished flat. Gold & Silver Index ($XAU -1.39%)

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +0.50%) remains well below its 50-day and 220-day moving average (DMA) lines after rebounding from late-August lows. It has been below the 50 DMA line since July. This argues that very few stocks in the industry group 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	165.83	-2.86	-1.70%	-21.36%
Integrated Oil	$XOI	1,055.19	-15.50	-1.45%	-21.73%
Semiconductor	$SOX	590.74	-4.32	-0.73%	-14.00%
Networking	$NWX	360.05	-0.19	-0.05%	+0.59%
Broker/Dealer	$XBD	169.74	+0.85	+0.51%	-8.07%
Retail	$RLX	1,193.93	-0.45	-0.04%	+15.61%
Gold & Silver	$XAU	44.61	-0.62	-1.37%	-35.14%
Bank	$BKX	69.49	+0.06	+0.09%	-6.42%
Biotech	$BTK	3,772.50	-18.70	-0.49%	+9.69%

Perched New Prior High After Big Streak Of Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Fleetmatics Group Plc (FLTX +$1.59 or +3.14% to $52.19) was highlighted in yellow with pivot point cited based on its 8/07/15 high plus 10 cents in the earlier mid-day report (read here). It finished within close striking distance of its 52-week high with today's 10th consecutive gain. Subsequent volume-driven gains for new highs may trigger a technical buy signal. Disciplined investors will watch for convincing proof of fresh institutional buying demand before considering taking any action on this candidate.

The number of top-rated funds owning its share rose from 145 in Sep '14 to 157 in Jun '15, a reassuring sign concerning the I criteria. However, its current Up/Down Volume Ratio of 0.7 is an unbiased indication its shares have been under some distributional pressure over the past 50 days.

The high-ranked Ireland-based Computer Software - Enterprise firm found support at its 200 DMA line during its consolidation since last noted with caution at its 52-week high in the 8/07/15 mid-day report "Reported earnings +83% on +24% sales revenues for the Jun '15 quarter, its 3rd consecutive quarterly earnings comparison above the +25% minimum guideline (C criteria). That helps it better match the fact-based investment system's guidelines however sequential quarterly comparisons have shown deceleration in its growth rate. Gapped up today hitting a new 52-week high, and no resistance remains due to overhead supply. Encountered distributional pressure following a technical breakout on 7/27/15, then found support above its 50 DMA line during its recent consolidation."

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	$123.66	+1.28 1.05%	$124.41	205,379 67.56% of 50 DAV 50 DAV is 304,000	$134.79 -8.26%	6/10/2015	$101.47	PP = $97.78
								MB = $102.67
Most Recent Note - 9/21/2015 5:50:10 PM G - Quietly consolidating above its 50 DMA ($120.43) line. It has not formed a sound base of sufficient length. >>> FEATURED STOCK ARTICLE : Slumped Below 50-Day Average With Higher Volume Loss - 9/18/2015 \| 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	$37.21	+1.26 3.50%	$37.47	895,670 123.71% of 50 DAV 50 DAV is 724,000	$37.25 -0.11%	8/5/2015	$34.50	PP = $32.53
								MB = $34.16
Most Recent Note - 9/18/2015 5:56:32 PM G - Fell today with higher volume indicative of distributional pressure. Still consolidating above its 50 DMA line ($33.15) and prior highs defining important near term support. >>> FEATURED STOCK ARTICLE : Found Support Above 50-Day Moving Average - 9/14/2015 \| 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	$168.10	+2.32 1.40%	$168.26	557,568 59.82% of 50 DAV 50 DAV is 932,000	$176.77 -4.90%	5/29/2015	$155.03	PP = $159.95
								MB = $167.95
Most Recent Note - 9/21/2015 5:51:42 PM G - Consolidating above its 50 DMA line ($165.30). It has not formed a sound base following the deep shakeout on 8/24/15. >>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Line - 9/21/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
FLTX - NYSE Fleetmatics Group Plc Computer Sftwr-Enterprse	$52.19	+1.59 3.14%	$52.29	515,057 150.16% of 50 DAV 50 DAV is 343,000	$52.45 -0.50%	9/23/2015	$51.26	PP = $52.55
								MB = $55.18
Most Recent Note - 9/23/2015 8:32:51 PM Y - Finished strong after highlighted in yellow with pivot point cited based on its 8/07/15 high plus 10 cents in the earlier mid-day report. Subsequent volume-driven gains for new highs may trigger a technical buy signal. The high-ranked Ireland-based Computer Software - Enterprise firm found support at its 200 DMA line during its consolidation. Reported earnings +83% on +24% sales revenues for the Jun '15 quarter, its 3rd consecutive quarterly earnings comparison above the +25% minimum guideline (C criteria). That helped it better match the fact-based investment system's guidelines, however sequential quarterly comparisons have shown deceleration in its growth rate. No resistance remains due to overhead supply. See the latest FSU analysis for additional details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Perched New Prior High After Big Streak Of Gains - 9/23/2015 \| 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	$64.43	+0.06 0.09%	$65.83	129,649 50.64% of 50 DAV 50 DAV is 256,000	$68.85 -6.42%	5/26/2015	$51.90	PP = $57.40
								MB = $60.27
Most Recent Note - 9/21/2015 5:53:42 PM G -No resistance remains while perched at its all-time high free of all overhead supply. It did not form a sound base, however it found prompt support after violating its 50 DMA line. >>> FEATURED STOCK ARTICLE : Quiet Gain For Second Best Close Ever - 9/15/2015 \| 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
INGN - NASDAQ Inogen Inc HEALTH SERVICES - Medical Instruments and Supplies	$54.39	+1.04 1.95%	$54.55	185,285 63.89% of 50 DAV 50 DAV is 290,000	$55.98 -2.84%	8/12/2015	$49.01	PP = $45.85
								MB = $48.14
Most Recent Note - 9/18/2015 5:59:37 PM G - Finished near the session high today with a small gain on heavy volume amid broader market weakness. Extended from its prior base. Its 50 DMA line and prior highs define near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Another New High Close For Medical Products Firm - 9/16/2015 \| 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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