FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Friday, September 30th, 2016

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AFTER MARKET UPDATE - FRIDAY, SEPTEMBER 30TH, 2016

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Indices				NYSE			Nasdaq
DOW	+164.70	18,308.15	+0.91%	Volume	1,155,079,180	+19%	Volume	1,874,856,670	+5%
NASDAQ	+42.85	5,312.00	+0.81%	Advancers	2,113	71%	Advancers	2,096	73%
S&P 500	+17.14	2,168.27	+0.80%	Decliners	871	29%	Decliners	775	27%
Russell 2000	+13.90	1,251.65	+1.12%	52 Wk Highs	119		52 Wk Highs	110
S&P 600	+7.92	756.90	+1.06%	52 Wk Lows	22		52 Wk Lows	37

Major Indices Rose and Added to 3rd Quarter's Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

For the third-quarter, the Dow was up 2.1%, the S&P 500 gained 3.3% and the Nasdaq Composite advanced 9.7%. On Friday the Dow rose 165 points to 18308. The S&P 500 gained 17 points to 2168 and the Nasdaq Composite advanced 43 points to 5312. The volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than 2-1 on the NYSE and by nearly 3-1 on the Nasdaq exchange. There were 30 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 35 on the prior session. New 52-week highs totals outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index found support at its 50-day moving average (DMA) line when recently consolidating near record highs.

The recent move into new high territory for the Nasdaq Composite Index was noted as a sign of technical strength in the market (M criteria) reassuring investors. The S&P 500 Index is near its 50-day moving average (DMA) line, meanwhile the Dow Jones Industrial Average has still been sputtering below its 50 DMA line. The Featured Stocks Page lists noteworthy high-ranked leaders.

The major averages finished firmly in positive territory led by Financials on easing contagion fears surrounding European lenders. Deutsche Bank (DB +14.02%) rebounded on reports it was close to reaching a lower-than-expected settlement with U.S. regulators. Bank of America (BAC +3.23%) and Citigroup (C +3.12%) also rose following the news.

On the economic front, personal income rose 0.2 % in August while spending was flat. A separate report showed Midwest manufacturing activity expanded faster than forecasted this month. The University of Michigan’s sentiment reading for September was revised up to 91.1 from 89.8. In earnings news, Costco (COST +3.40%) rose after posting positive quarterly results.

Along with Financials, Energy and Health Care outperformed on the session. Chevron (CVX +1.63%) and Pfizer (PFE +1.65%) rose. Utilities were the worst performing sector. Shares of Southern Company (SO -1.44%) contributed the most to the group’s decline.

Treasuries retreated with the 10-year note down 10/32 to yield 1.60%. In commodities, NYMEX WTI crude added 0.4% to $48.00/barrel. COMEX gold fell 0.6% to $1313.30/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.

Financial, Retail, Technology and Energy Groups Gained
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Broker/Dealer Index ($XBD +2.17%) and the Bank Index ($BKX +1.63%) both posted solid gains and were a positive influence on the major averages. The Retail Index ($RLX +0.91%), Semiconductor Index ($SOX +1.58%), Biotechnology Index ($BTK +1.15%), and Networking Index ($NWX +0.64%) finished higher. The Oil Services Index ($OSX +1.64%) and Integrated Oil Index ($XOI +1.26%) rose while the Gold & Silver Index ($XAU -1.06%) was lower.

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX +0.91%) rebounded above its 50-day moving average (DMA) line with Friday's gain.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	163.61	+2.64	+1.64%	+3.73%
Integrated Oil	$XOI	1,152.50	+14.36	+1.26%	+7.44%
Semiconductor	$SOX	835.60	+12.96	+1.58%	+25.94%
Networking	$NWX	404.29	+2.55	+0.64%	+7.54%
Broker/Dealer	$XBD	173.70	+3.69	+2.17%	-2.46%
Retail	$RLX	1,357.01	+12.22	+0.91%	+5.73%
Gold & Silver	$XAU	94.00	-1.01	-1.06%	+107.51%
Bank	$BKX	70.85	+1.14	+1.64%	-3.05%
Biotech	$BTK	3,371.01	+38.36	+1.15%	-11.61%

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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	$289.12	+2.03 0.71%	$290.27	262,910 81.40% of 50 DAV 50 DAV is 323,000	$294.38 -1.79%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 9/30/2016 5:32:11 PM G - Quietly consolidating above its 50 DMA line ($284), extended from any sound base. Subsequent losses undercutting the 50 DMA line or recent low ($278.52) 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	$17.79	+0.69 4.04%	$17.98	121,758 146.70% of 50 DAV 50 DAV is 83,000	$18.16 -2.04%	7/26/2016	$15.79	PP = $15.74
								MB = $16.53
Most Recent Note - 9/30/2016 5:23:45 PM G - Matched its best-ever close with a big volume-driven gain today. Recently found support at its 50 DMA line ($15.76). >>> FEATURED STOCK ARTICLE : Wedging Higher With Recent Gains Lacking Great Volume - 9/27/2016 \| 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	$240.78	-1.28 -0.53%	$243.98	765,752 67.11% of 50 DAV 50 DAV is 1,141,000	$254.48 -5.38%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 9/30/2016 5:28:26 PM G - Hovering near its all-time high, very extended from any sound base. Its 50 DMA line ($218) defines near-term support to watch. >>> 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	$45.09	-1.13 -2.44%	$46.34	206,791 106.59% of 50 DAV 50 DAV is 194,000	$47.72 -5.51%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 9/29/2016 12:37:07 PM Y - Color code is changed to yellow with a new pivot point cited based on its 8/29/16 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Volume totals cooled while stubbornly holding its ground near all-time highs in recent weeks. Recent lows and its 50 DMA line ($42.65) 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	$61.92	-1.38 -2.18%	$63.41	207,149 96.35% of 50 DAV 50 DAV is 215,000	$69.53 -10.94%	9/28/2016	$64.85	PP = $66.87
								MB = $70.21
Most Recent Note - 9/30/2016 5:30:07 PM G - Slumped below its 50 DMA line with today's loss on average volume and its color code is changed to green. Only a prompt rebound above the 50 DMA line would help its outlook improve. A new pivot point was cited based on its 9/06/16 high, however volume-driven gains are still needed to trigger a new (or add-on) technical buy signal. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Found Support While Building on a New "Double Bottom" Base Pattern - 9/28/2016 \| 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	$36.84	-0.04 -0.11%	$37.20	264,948 48.35% of 50 DAV 50 DAV is 548,000	$40.47 -8.97%	8/29/2016	$37.08	PP = $36.44
								MB = $38.26
Most Recent Note - 9/29/2016 5:39:56 PM Y - Still quietly consolidating above its 50 DMA line ($35.73). 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. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Line Recently Acted as Support - 9/29/2016 \| 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	$51.91	+1.14 2.25%	$52.16	56,155 111.86% of 50 DAV 50 DAV is 50,200	$53.58 -3.12%	7/19/2016	$53.28	PP = $52.82
								MB = $55.46
Most Recent Note - 9/30/2016 5:26:20 PM G - Finished the week above its 50 DMA line with a volume-driven gain. Subsequent volume-driven gains for new highs would be a very reassuring sign of institutional buying demand. Relative Strength Rating is currently 74, below the 80+ minimum guideline for buy candidates. >>> 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	$59.90	+0.90 1.53%	$60.10	239,522 130.18% of 50 DAV 50 DAV is 184,000	$61.87 -3.18%	8/5/2016	$51.72	PP = $56.08
								MB = $58.88
Most Recent Note - 9/27/2016 5:43:56 PM G - Quietly holding its ground, extended from any sound base. Its 50 DMA line ($56.51) 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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