FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Monday, September 28th, 2015

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AFTER MARKET UPDATE - MONDAY, SEPTEMBER 28TH, 2015

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Indices				NYSE			Nasdaq
DOW	-312.78	16,001.89	-1.92%	Volume	1,025,585,020	+8%	Volume	2,195,258,620	+17%
NASDAQ	-142.53	4,543.97	-3.04%	Advancers	320	10%	Advancers	455	15%
S&P 500	-49.57	1,881.77	-2.57%	Decliners	2,808	90%	Decliners	2,520	85%
Russell 2000	-32.22	1,090.57	-2.87%	52 Wk Highs	5		52 Wk Highs	14
S&P 600	-17.99	644.88	-2.71%	52 Wk Lows	484		52 Wk Lows	353

Market Rally Failed as Leadership Waned and Volume Rose Behind Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The recent rally ended due to damaging losses and waning leadership as stocks retreated. On Monday the Dow was down 312 points to 16001. The S&P 500 finished off 49 points to 1881. The NASDAQ lost 142 points to 4543. The volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange, a clear sign of more worrrisome distributional pressure. Breadth was solidly negative as decliners led advancers by nearly a 9-1 margin on the NYSE while decliners led advancers by more than 5-1 on the Nasdaq exchange. Leadership waned as there were only 4 stocks that made it onto the BreakOuts Page, down abruptly from 23 high-ranked companies from the Leaders List that made a new 52-week high on the prior session. 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 losses for all 6 high-ranked companies currently on the Featured Stocks Page.

Charts courtesy www.stockcharts.com

PICTURED: The Nasdaq Composite Index extended its slide toward the late-August lows with higher volume behind Monday's 5th consecurive loss. It met resistance before prior lows and its 50-day moving average (DMA) lines when rebounding, then slumped again on higher volume indicative of distributional pressure.

The fact-based investment system requires disciplined investors to always limit losses by selling any stock that falls more than -7% from their purchase price. All 3 major averages (M criteria) remain well below their 200-day moving average lines. Members have been repeatedly reminded in recent weeks that 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.

The major averages sold off amid mixed economic signals at home and uncertainty abroad. Soft industrial data out of China and corporate scandals in the Eurozone provided a headwind in early trading. Economic data for August showed gains in U.S. consumer spending but an unexpected decrease in pending home sales. In Federal Reserve news, New York President William Dudley advocated a possible interest rate hike before year-end, while Chicago President Charles Evans urged caution.

M&A was back, with Media General (MEG +22.33%) surged on a buyout offer from Nexstar (NXST -2.27%). Alcoa (AA +5.73%) jumped after announcing that the company will split into two separately traded entities. The Williams Company (WMB -12.12%) fell on an announced merger with Energy Transfer (ETE -12.69%) .

All ten sectors in the S&P 500 moved lower on the session. Biotech stocks once again influenced a move lower in healthcare while falling oil prices hurt energy.

Treasuries strengthened as a ‘risk off’ trade took hold. The benchmark 10-year U.S. note gained 19/32 to yield 2.09%.

Commodities were mostly lower. WTI crude fell 2.7% to $44.48/barrel while COMEX gold slid 1.2% to $1131.70/ounce. In FOREX, the dollar lost ground against the yen and the euro.

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.

Commodity-Linked Groups, Financial, Retail, and Tech Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Gold & Silver Index ($XAU -5.66%) was a standout decliner on Monday and the Integrated Oil Index ($XOI -3.69%) and the Oil Services Index ($OSX -3.87%) both ended with big losses. The Retail Index ($RLX -2.95%) slumped and financial shares were also a negative influence on the major averages as the Broker/Dealer Index ($XBD -4.07%) and the Bank Index ($BKX -2.65%) both fell. Tech sector weakness weighed on the Nasdaq Composite Index more than the other major averages as the Biotechnology Index ($BTK -5.18%) led the retreat, and the Semiconductor Index ($SOX -2.78%) and the Networking Index ($NWX -1.63%) also suffered losses.

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX -2.95%) slumped below its 50-day moving average (DMA) line, falling toward prior lows and its 200 DMA line. Consumer spending accounts for about 2/3 of the US economy, so it is a discouraging sign when retail stocks are struggling. Any more damaging losses would not bode well for the broader market outlook.

Industry Index	Symbol	Close	Change	% Change	YTD % Change

Damaging Volume-Driven Loss Triggered Technical Sell Signal
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

A M N Healthcare Svcs (AHS -$4.41 or -12.28% to $31.51) raised concerns and triggered a technical sell signal while violating its 50-day moving average (DMA) line with above average volume behind today's big loss, its 3rd consecutive loss. Only a prompt rebound above the 50 DMA line would help its outlook improve.

AHS was last shown in this FSU section on 9/14/15 with an annotated graph under the headline, "Found Support Above 50-Day Moving Average", perched within striking distance of its 52-week high. Members were reminded - "Damaging losses would raise greater concerns, especially if slumping to a close back in the prior base."

AHS was highlighted in yellow with new pivot point based on its 7/01/15 high plus 10 cents in the 8/05/15 mid-day report (read here). It reported earnings +80% on +40% sales revenues for the Jun '15 quarter, its 3rd consecutive quarterly comparison with earnings above the 25% minimum guideline (C criteria), helping it better match the fact-based investment system's winning models. Sequentially, its quarterly comparisons have shown encouraging acceleration as earnings rose +35%, +67%, and +81% on the Dec '14, Mar and Jun '15 periods, respectively. Sales revenues rose +12%, +36%, and +40% over that same span.

The number of top-rated funds owning its shares rose from 282 in Sep '14 to 338 in Jun '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication its shares have been under slight accumulation over the past 50 days. It currently has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of only 47.7 million shares outstanding (S criteria) can contribute to greater volatility in the event of institutional buying or selling.

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	$123.71	-1.46 -1.17%	$126.00	215,194 69.87% of 50 DAV 50 DAV is 308,000	$134.79 -8.22%	6/10/2015	$101.47	PP = $97.78
								MB = $102.67
Most Recent Note - 9/28/2015 12:47:24 PM G - Still consolidating above its 50 DMA ($121.68) line. Overhead supply remains up through the $134 level, meanwhile, it is working on a choppy 9-week base. >>> 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	$31.51	-4.41 -12.28%	$35.99	2,454,805 330.84% of 50 DAV 50 DAV is 742,000	$37.47 -15.91%	8/5/2015	$34.50	PP = $32.53
								MB = $34.16
Most Recent Note - 9/28/2015 11:34:32 AM G - Raising concerns while violating its 50 DMA line with above average volume behind today's big loss, its 3rd consecutive loss. Only a prompt rebound above the 50 DMA line would help its outlook improve. >>> FEATURED STOCK ARTICLE : Damaging Volume-Driven Loss Triggered Technical Sell Signal - 9/28/2015 \| 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	$164.36	-4.79 -2.83%	$168.35	945,907 103.15% of 50 DAV 50 DAV is 917,000	$176.77 -7.02%	5/29/2015	$155.03	PP = $159.95
								MB = $167.95
Most Recent Note - 9/28/2015 12:50:32 PM G - Still consolidating near its 50 DMA line ($165.31). 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	$48.22	-1.75 -3.50%	$49.97	507,852 148.93% of 50 DAV 50 DAV is 341,000	$52.45 -8.06%	9/23/2015	$51.26	PP = $52.55
								MB = $55.18
Most Recent Note - 9/28/2015 12:52:11 PM Y - Pulling back for a 3rd consecutive session. It was highlighted in yellow with pivot point cited based on its 8/07/15 high plus 10 cents in the 9/23/15 mid-day report. Subsequent volume-driven gains for new highs may trigger a technical buy signal for the high-ranked Ireland-based Computer Software - Enterprise firm. >>> 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	$59.82	-2.09 -3.38%	$62.07	142,097 56.61% of 50 DAV 50 DAV is 251,000	$68.85 -13.12%	5/26/2015	$51.90	PP = $57.40
								MB = $60.27
Most Recent Note - 9/28/2015 12:49:15 PM G - Recently slumping below its 50 DMA line, raising concerns. Only a prompt rebound above the 50 DMA line ($62.80) would help its outlook improve. >>> 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	$46.55	-3.65 -7.27%	$50.00	547,392 183.07% of 50 DAV 50 DAV is 299,000	$55.98 -16.85%	8/12/2015	$49.01	PP = $45.85
								MB = $48.14
Most Recent Note - 9/28/2015 11:37:20 AM G - Raising concerns with today's 2nd consecutive big loss with above average volume undercutting its 50 DMA line. Prior highs near $45 define support to watch where more damaging losses may raise greater concerns. >>> 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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