FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, OCTOBER 7TH, 2016

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Indices				NYSE			Nasdaq
DOW	-28.01	18,240.49	-0.15%	Volume	929,049,600	+17%	Volume	1,503,130,740	-1%
NASDAQ	-14.45	5,292.40	-0.27%	Advancers	894	31%	Advancers	979	35%
S&P 500	-7.03	2,153.74	-0.33%	Decliners	2,035	69%	Decliners	1,852	65%
Russell 2000	-9.68	1,236.56	-0.78%	52 Wk Highs	93		52 Wk Highs	58
S&P 600	-5.96	749.06	-0.79%	52 Wk Lows	29		52 Wk Lows	46

Major Indices Edged Lower With Less Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

For the week, the Dow and Nasdaq Composite were both down 0.4% and the S&P 500 declined 0.7%. The Dow, which declined as much as 119 points, closed 28 lower at 18240. The S&P 500 fell 7 points to 2153 and the Nasdaq Composite retreated 14 points to 5292. The volume totals were mixed, higher than the prior session on the NYSE and slightly lower on the Nasdaq exchange. Decliners led advancers by more than 2-1 on the NYSE and 2-1 on the Nasdaq exchange. There were 22 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 29 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 Dow Jones Industrial Average is sputtering below its 50-day moving average (DMA) line which recently acted as resistance.

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 and the Dow Jones Industrial Average have still been sputtering below their 50 DMA lines. The Featured Stocks Page lists noteworthy high-ranked leaders.

Stocks pared losses to finish down modestly Friday. The major averages ended in negative territory following an update on the labor market. Before the open, a report showed non-farm payrolls rose 156,000 in September, less than a projected 172,000 increase. The unemployment rate edged up to 5.0% last month from 4.9% in August. Despite the lower-than-expected payroll figure, investors appeared to view the job market strong enough for the Fed to raise interest rates by year end. Futures are currently pricing a 64% chance for tightening at the December FOMC meeting, according to Bloomberg data.

Materials and Industrials were down the most on the session. PPG Industries (PPG -8.28%) after the paint maker pre-announced quarterly results below forecasts. Honeywell (HON -7.50%) fell after reducing its guidance. Health Care and Financials were the best performing groups. Drug maker Johnson & Johnson (JNJ +0.41%). Insurer Chubb (CB 2.09%).

Treasuries were little changed with the 10-year up 4/32 to yield 1.72%. In commodities, NYMEX WTI crude lost 1.7% to $49.59/barrel. COMEX gold slipped 0.1% to $1248.90/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.

Most Groups Ended Friday's Session Slightly Lower
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Broker/Dealer Index ($XBD -0.16%) and the Bank Index ($BKX -0.12%) both edged lower and the Retail Index ($RLX -0.37%) suffered a modest loss on Friday. The Oil Services Index ($OSX -0.25%) and the Integrated Oil Index ($XOI -0.61%) both had a slightly negative bias. The Semiconductor Index ($SOX -0.19%) and Networking Index ($NWX -0.10%) both edged lower, meanwhile the Biotechnology Index ($BTK +0.22%) ended slightly higher. The Gold & Silver Index ($XAU -0.15%) sputtered near its 200-day moving average (DMA) line.

Charts courtesy www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI -0.61%) is above its 50-day and 200-day moving average (DMA) lines, consolidating near prior highs.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	166.23	-0.42	-0.25%	+5.39%
Integrated Oil	$XOI	1,163.00	-7.10	-0.61%	+8.42%
Semiconductor	$SOX	837.02	-1.58	-0.19%	+26.16%
Networking	$NWX	407.28	-0.39	-0.10%	+8.34%
Broker/Dealer	$XBD	176.58	-0.29	-0.16%	-0.85%
Retail	$RLX	1,361.23	-5.04	-0.37%	+6.06%
Gold & Silver	$XAU	81.32	-0.12	-0.15%	+79.51%
Bank	$BKX	72.86	-0.09	-0.12%	-0.30%
Biotech	$BTK	3,274.51	+7.36	+0.23%	-14.14%

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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	$280.90	-4.60 -1.61%	$284.36	1,006,836 303.26% of 50 DAV 50 DAV is 332,000	$294.38 -4.58%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 10/7/2016 12:32:36 PM G - Damaging losses today are further undercutting the 50 DMA line ($284) after a noted "negative reversal" on 10/04/16 erased gains challenging its prior high. A violation of the recent low ($278.52 on 9/20/16) would raise greater concerns and trigger a worrisome technical sell signal. >>> 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	$16.75	-0.47 -2.73%	$17.33	45,635 55.65% of 50 DAV 50 DAV is 82,000	$18.16 -7.76%	7/26/2016	$15.79	PP = $15.74
								MB = $16.53
Most Recent Note - 10/4/2016 5:25:18 PM G - Retreated from its 52-week high toward its "max buy" level with 2 consecutive volume-driven losses. Recently found support at its 50 DMA line ($15.84). >>> 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	$252.95	-3.03 -1.18%	$257.56	809,040 70.78% of 50 DAV 50 DAV is 1,143,000	$256.74 -1.48%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 10/6/2016 4:53:04 PM G - Hit a new all-time high and ended near the session high with today's gain on near average volume. Very extended from any sound base. Its 50 DMA line ($222) 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	$46.33	-0.09 -0.19%	$46.51	211,059 109.36% of 50 DAV 50 DAV is 193,000	$47.72 -2.91%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 10/4/2016 5:29:29 PM Y - Quietly holding its ground. New pivot point was recently 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. Recent lows and its 50 DMA line 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	$62.37	-1.95 -3.03%	$64.32	143,129 65.66% of 50 DAV 50 DAV is 218,000	$69.53 -10.30%	9/28/2016	$64.85	PP = $66.87
								MB = $70.21
Most Recent Note - 10/6/2016 4:55:51 PM Y - Color code is changed to yellow after quietly rebounding above its 50 DMA line today. 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. >>> 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	$33.66	-1.41 -4.02%	$35.39	725,889 154.12% of 50 DAV 50 DAV is 471,000	$40.47 -16.83%	8/29/2016	$37.08	PP = $36.44
								MB = $38.26
Most Recent Note - 10/7/2016 3:55:07 PM Slumping further below its 50 DMA line today with a big loss on above average volume,violating recent lows ($34.18 on 9/09/16) and triggering a worrisome technical sell signal. It will be dropped from the Featured Stocks list tonight. >>> 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 BANKING - Regional - Southeast Banks	$52.69	-0.13 -0.25%	$52.98	62,779 125.56% of 50 DAV 50 DAV is 50,000	$53.58 -1.66%	7/19/2016	$53.28	PP = $52.82
								MB = $55.46
Most Recent Note - 10/5/2016 5:29:27 PM G - Posted a small gain with higher volume today and it remains above its 50 DMA line. Subsequent volume-driven gains for new highs would be a very reassuring sign of institutional buying demand. Relative Strength Rating is currently 77, 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	$60.82	-0.21 -0.34%	$61.45	122,506 67.68% of 50 DAV 50 DAV is 181,000	$61.87 -1.70%	8/5/2016	$51.72	PP = $56.08
								MB = $58.88
Most Recent Note - 10/5/2016 5:31:45 PM G - Perched near its all-time high, stubbornly holding its ground, extended from any sound base. Its 50 DMA line ($57.58) defines important near-term support above 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
OLLI - NASDAQ Ollie's Bargain Outlet Retail-DiscountandVariety	$27.20	+0.30 1.12%	$27.26	863,903 78.68% of 50 DAV 50 DAV is 1,098,000	$28.72 -5.29%	10/4/2016	$27.36	PP = $28.70
								MB = $30.14
Most Recent Note - 10/6/2016 4:54:59 PM Y - Pulled back with above average volume for 2 consecutive sessions since highlighted in yellow with new pivot point cited based on its 9/01/16 high plus 10 cents. Gapped up and was featured in the 10/04/16 mid-day report rebounding well above its 50 DMA line with a considerable volume-driven gain. Completed a Secondary Offerings on 6/06/16 and 2/18/16. Reported earnings +50% on +16% sales revenues for the Jul '16 quarter. Members were repeatedly reminded in prior notes - "Volume-driven gains above the pivot point are still needed to trigger a convincing technical buy signal." See the latest FSU analysis for additional details and an annotated graph. >>> FEATURED STOCK ARTICLE : Gapped Up on News Being Added to S&P 600 Small Cap Index - 10/4/2016 \| 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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