FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Friday, September 23rd, 2016

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AFTER MARKET UPDATE - FRIDAY, SEPTEMBER 23RD, 2016

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Indices				NYSE			Nasdaq
DOW	-131.01	18,261.45	-0.71%	Volume	803,992,760	-4%	Volume	1,629,560,760	-7%
NASDAQ	-33.77	5,305.75	-0.63%	Advancers	946	32%	Advancers	1,062	37%
S&P 500	-12.49	2,164.69	-0.57%	Decliners	2,022	68%	Decliners	1,778	63%
Russell 2000	-8.82	1,254.62	-0.70%	52 Wk Highs	82		52 Wk Highs	104
S&P 600	-5.25	759.39	-0.69%	52 Wk Lows	7		52 Wk Lows	16

Major Indices Pulled Back Following Solid Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

For the week, the Dow was up 0.8%, the S&P added 1.2%, and the Nasdaq gained 1.2%. Stocks finished lower on Friday. The Dow was down 130 points to 18261. The S&P 500 lost 12 points to 2164 and the Nasdaq Composite fell 33 points to 5305. The volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange. Decliners led advancers by a 2-1 margin on the NYSE and by 3-2 on the Nasdaq exchange. Leadership improved as there were 58 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 58 on the prior session. New 52-week highs totals expanded and solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average met resistance at its 50-day moving average (DMA) line.

The S&P 500 Index slumped below its 50-day moving average (DMA) line on Friday. Recent technical strength in the market (M criteria) was noted as a reassuring sign for investors who may be considering new buy candidates in the days and weeks ahead. The Featured Stocks Page lists noteworthy candidates.

The S&P 500 snapped a three day winning-streak amid a retreat in Energy shares and Technology stocks. NYMEX WTI crude declined 3.5% to $44.70/barrel, following a report that Saudi Arabia does not expect an agreement at next week’s OPEC meeting aimed to freeze production. On the data front, a Markit’s survey of U.S. manufacturing expanded to 51.4 in September, slightly below expectations.

Nine of 11 sectors in the S&P 500 finished in negative territory. Technology stocks retreated with Apple (AAPL -1.67%) amid iPhone 7 sales concerns. Facebook (FB -1.63%) after the social media giant overestimated average viewing time for its video ads. Shares of Yahoo (YHOO -3.06%) as the company confirmed over 500 million accounts were hacked in 2014. In M&A news, Twitter (TWTR +21.42%) rose amid reports the company is moving closer to a sale and may receive a formal bid. Bats Global Markets (BATS +19.86%) with news the exchange operator is in talks to be acquired by CBOE Holdings. (CBOE +1.28%).

Treasuries finished mostly higher with the benchmark 10-year note up 1/32 to yield 1.61%. In commodities, COMEX gold slipped 0.2% to $1338.00/ounce. In FOREX, the dollar gained 0.8% against the British pound.

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, Tech, and Broker/Dealer Indexes Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Networking Index ($NWX -0.74%), Biotechnology Index ($BTK -0.72%), and the Semiconductor Index ($SOX -1.10%) ended unanimously lower on Friday. The Broker/Dealer Index ($XBD -0.68%) edged lower while the Bank Index ($BKX -0.08%) the Retail Index ($RLX -0.12%) were little changed. Commodity-linked groups were big losers as the Integrated Oil Index ($XOI -1.57%), Oil Services Index ($OSX -2.75%), and the Gold & Silver Index ($XAU -3.05%) fell.

Charts courtesy www.stockcharts.com

PICTURED: The Biotechnology Index ($BTK -0.72%) found support near its 50-day moving average (DMA) line and is perched near prior highs.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	149.67	-4.23	-2.75%	-5.11%
Integrated Oil	$XOI	1,103.94	-17.59	-1.57%	+2.91%
Semiconductor	$SOX	804.59	-8.92	-1.10%	+21.27%
Networking	$NWX	401.29	-2.99	-0.74%	+6.75%
Broker/Dealer	$XBD	173.90	-1.19	-0.68%	-2.35%
Retail	$RLX	1,339.20	-1.59	-0.12%	+4.34%
Gold & Silver	$XAU	95.76	-3.02	-3.06%	+111.39%
Bank	$BKX	71.24	-0.06	-0.08%	-2.52%
Biotech	$BTK	3,444.60	-25.06	-0.72%	-9.68%

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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	$288.16	+1.31 0.46%	$289.61	287,852 87.23% of 50 DAV 50 DAV is 330,000	$294.38 -2.11%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 9/21/2016 6:47:22 PM G - Found support today near its 50 DMA line ($281). More damaging losses would raise greater concerns >>> 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	$16.71	-0.20 -1.18%	$16.98	40,744 50.93% of 50 DAV 50 DAV is 80,000	$18.16 -7.98%	7/26/2016	$15.79	PP = $15.74
								MB = $16.53
Most Recent Note - 9/22/2016 4:42:14 PM G - Wedging higher with gains lacking great volume conviction after recently finding support at its 50 DMA line ($15.48). That short-term average and the prior low ($15.00 on 9/14/16) define near-term support. >>> 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	$247.42	-4.63 -1.84%	$249.90	1,016,848 89.83% of 50 DAV 50 DAV is 1,132,000	$254.48 -2.77%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 9/22/2016 12:51:41 PM G - Steadily hitting new all-time highs but very extended from any sound base. Its 50 DMA line ($212) defines near-term support to watch on pullbacks. See the latest FSU analysis for more details and an annotated graph illustrating the +38% rally since featured in 6/29/16 mid-day report. >>> FEATURED STOCK ARTICLE : Extended From Prior Base After +37% Rally Since Featured 6/29/16 - 9/21/2016 \| 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	$46.30	-0.44 -0.94%	$46.58	113,876 55.55% of 50 DAV 50 DAV is 205,000	$47.72 -2.98%	7/13/2016	$38.87	PP = $39.29
								MB = $41.25
Most Recent Note - 9/23/2016 5:32:35 PM G - Volume totals have been cooling while stubbornly holding its ground near all-time highs. Prior highs and its 50 DMA line in the $41 area define near term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Possibly Forming New Base While Holding Ground Near Highs - 9/20/2016 \| 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	$61.67	+0.03 0.05%	$62.05	86,716 41.10% of 50 DAV 50 DAV is 211,000	$69.53 -11.30%	9/8/2016	$64.74	PP = $69.63
								MB = $73.11
Most Recent Note - 9/22/2016 4:46:12 PM G - Posted a second consecutive gain on light volume, still sputtering below its 50 DMA line. Gains above that short-term average are needed for its outlook to improve. More damaging losses would raise greater concerns. >>> 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	$36.57	-0.31 -0.84%	$37.35	264,162 47.43% of 50 DAV 50 DAV is 557,000	$40.47 -9.64%	8/29/2016	$37.08	PP = $36.44
								MB = $38.26
Most Recent Note - 9/21/2016 6:39:31 PM Y - Consolidating just above its 50 DMA line ($35.35). Violations of the 50 DMA line and recent lows ($34.18 on 9/09/16) would raise greater concerns and trigger worrisome 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	$52.12	-0.50 -0.95%	$52.92	53,382 89.12% of 50 DAV 50 DAV is 59,900	$53.58 -2.72%	7/19/2016	$53.28	PP = $52.82
								MB = $55.46
Most Recent Note - 9/22/2016 5:53:23 PM Y - Perched within striking distance of its 52-week high. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Relative Strength Rating is Under Guidelines While Perched Near Highs - 9/22/2016 \| 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	$61.04	+0.25 0.41%	$61.87	152,925 79.65% of 50 DAV 50 DAV is 192,000	$61.11 -0.11%	8/5/2016	$51.72	PP = $56.08
								MB = $58.88
Most Recent Note - 9/22/2016 4:44:27 PM G - Quietly hit another new high today, getting more extended from any sound base. Its 50 DMA line ($55.97) defines important near-term support coinciding with its Sep '15 highs. >>> 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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