FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, October 12th, 2016

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AFTER MARKET UPDATE - WEDNESDAY, OCTOBER 12TH, 2016

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Indices				NYSE			Nasdaq
DOW	+15.54	18,144.20	+0.09%	Volume	676,908,130	-16%	Volume	1,442,742,970	-13%
NASDAQ	-7.77	5,239.02	-0.15%	Advancers	1,528	52%	Advancers	1,371	48%
S&P 500	+2.45	2,139.18	+0.11%	Decliners	1,390	48%	Decliners	1,514	52%
Russell 2000	-0.40	1,227.23	-0.03%	52 Wk Highs	33		52 Wk Highs	37
S&P 600	+1.13	745.50	+0.15%	52 Wk Lows	30		52 Wk Lows	65

Major Averages Ended Mixed on Indecisive Session
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished mixed on Wednesday. The Dow was up 15 points to 18144. The S&P 500 added 2 points to 2139 and the Nasdaq Composite fell 7 points to 5239. The volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange. Advancers narrowly led decliners on the NYSE while decliners led advancers by a narrow margin on the Nasdaq exchange. There were 15 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 13 on the prior session. New 52-week highs barely outnumbered new 52-week lows on the NYSE but new lows outnumbered new highs on the Nasdaq exchange for the second consecutive session.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index edged below its 50-day moving average (DMA) line with losses on higher volume than was behind latest gain.

Recent deterioration in the charts of the major averages (M criteria) and waning leadership (fewer stocks hitting new highs) are signs that the uptrend is under pressure yet again. The S&P 500 Index and the Dow Jones Industrial Average met resistance near their respective 50 DMA lines and abruptly retreated near prior lows. The Featured Stocks Page lists noteworthy high-ranked leaders.

The major averages fluctuated in a choppy trading session after the Federal Reserve released the minutes from its September FOMC meeting. The release showed that Fed officials were divided over the timing of an interest rate increase. Three policy makers dissented, preferring to raise rates, which was the most since 2014. On the data front, a JOLTS update revealed job openings declined more than projected in August to the lowest level this year.

Eight of 11 sectors in the S&P 500 finished in positive territory. Technology shares outperformed with Barracuda Networks (CUDA +9.17%) rose as quarterly revenue beat Wall Street estimates. Advanced Micro Devices (AMD +1.85%) rose after being the subject of positive analyst commentary. On the M&A front, Stanley Black & Decker (SWK +2.88%) after agreeing to acquire Newell Brands’ (NWL +2.15%) tool business for $1.95 billion. Elsewhere in the Tech space, LM Ericsson (ERIC -20.83%) tumbled as the company posted lower-than-expected quarterly sales. Fortinet (FTNT -10.06%) fell after the cybersecurity firm reported disappointing preliminary third-quarter results.

Treasuries finished modestly lower with the benchmark 10-year note down 3/32 to yield 1.77%. In commodities, NYMEX WTI crude lost 1.1% to $50.24/barrel. In FOREX, the Dollar Index gained 0.2%.

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.

Retail Index and Gold & Silver Index Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Broker/Dealer Index ($XBD -0.50%) suffered a modest loss and the Bank Index ($BKX -0.08%) finished flat while the Retail Index ($RLX +0.57%) posted a modest gain on Wednesday. Commodity-linked groups were mixed as the Gold & Silver Index ($XAU +2.20%) rose but the Oil Services Index ($OSX -1.10%) and the Integrated Oil Index ($XOI -0.38%) both had a negative bias. The Semiconductor Index ($SOX -0.33%) was down slightly while the Networking Index ($NWX -1.55%) and the Biotechnology Index ($BTK -2.87%) each ended solidly lower.

Charts courtesy www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX -0.33%) retreated from record highs toward its 50-day moving average (DMA) line which recently acted as support.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	165.80	-1.84	-1.10%	+5.12%
Integrated Oil	$XOI	1,159.75	-4.38	-0.38%	+8.11%
Semiconductor	$SOX	812.62	-2.69	-0.33%	+22.48%
Networking	$NWX	394.18	-6.20	-1.55%	+4.85%
Broker/Dealer	$XBD	174.46	-0.88	-0.50%	-2.04%
Retail	$RLX	1,352.23	+7.61	+0.57%	+5.36%
Gold & Silver	$XAU	81.93	+1.76	+2.20%	+80.86%
Bank	$BKX	72.27	-0.06	-0.08%	-1.11%
Biotech	$BTK	3,085.26	-91.04	-2.87%	-19.11%

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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	$277.43	+0.73 0.26%	$278.06	378,446 111.50% of 50 DAV 50 DAV is 339,400	$294.38 -5.76%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 10/12/2016 5:07:57 PM G - Halted its slide with a small gain today. Violations of its 50 DMA line and prior low ($278.52 on 9/20/16) raised concerns and triggered worrisome technical sell signals. Only a prompt rebound would help its outlook improve. >>> 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
CSFL - NASDAQ Centerstate Banks Inc Banks-Southeast	$18.12	+0.06 0.33%	$18.24	79,084 51.69% of 50 DAV 50 DAV is 153,000	$18.40 -1.52%	10/10/2016	$18.20	PP = $18.37
								MB = $19.29
Most Recent Note - 10/10/2016 5:49:52 PM Y - Finished near the session high with today's volume-driven gain leading to a new high close for the year. Highlighted in yellow with new pivot point cited based on its 9/08/16 high plus 10 cents in the earlier mid-day report. A convincing volume-driven gain above its pivot point may trigger a new technical buy signal. Found support near its 200 DMA line then rebounded and rallied for new highs after dropped from the Featured Stocks list on 6/17/16. Fundamentals remain strong (C and A criteria). See the latest FSU analysis for additional details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Challenged 52-Week High With Another Volume-Driven Gain - 10/10/2016 \| 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	$16.18	-0.09 -0.55%	$16.55	57,268 72.49% of 50 DAV 50 DAV is 79,000	$18.16 -10.90%	7/26/2016	$15.79	PP = $15.74
								MB = $16.53
Most Recent Note - 10/11/2016 4:49:17 PM Y - Quietly consolidating above its 50 DMA line ($15.96). Edged below its "max buy" level, and its color code is changed to yellow. Damaging losses violating the 50 DMA line would raise concerns and trigger a technical sell signal. >>> 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	$261.42	+7.22 2.84%	$270.93	2,035,416 176.53% of 50 DAV 50 DAV is 1,153,000	$262.72 -0.49%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 10/12/2016 12:24:11 PM G - Hitting yet another new all-time high with today's gain on above average volume. Very extended from any sound base. Its 50 DMA line ($226) 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	$45.13	+0.30 0.67%	$45.37	76,152 39.46% of 50 DAV 50 DAV is 193,000	$47.72 -5.43%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 10/11/2016 4:51:51 PM Y - Recent lows and its 50 DMA line ($43.82) define near term support to watch where violations would raise concerns. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. >>> 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
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
PATK - NASDAQ Patrick Industries Inc WHOLESALE - Building Materials Wholesale	$63.66	+0.67 1.06%	$64.00	45,493 21.46% of 50 DAV 50 DAV is 212,000	$69.53 -8.44%	9/28/2016	$64.85	PP = $66.87
								MB = $70.21
Most Recent Note - 10/10/2016 5:51:14 PM Y - Posted a quiet gain above its 50 DMA line and finished near the session high 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
SFBS - NASDAQ Servisfirst Bancshares BANKING - Regional - Southeast Banks	$52.54	-0.02 -0.04%	$53.00	78,114 153.16% of 50 DAV 50 DAV is 51,000	$53.58 -1.94%	7/19/2016	$53.28	PP = $52.82
								MB = $55.46
Most Recent Note - 10/11/2016 12:30:51 PM G - Encountering mild distributional pressure yet it remains above its 50 DMA line and perched within close striking distance of its 52-week high. Subsequent volume-driven gains for new highs would be a very reassuring sign of institutional buying demand. Relative Strength Rating is currently 78, 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	$59.05	-0.58 -0.97%	$59.85	109,143 60.97% of 50 DAV 50 DAV is 179,000	$61.87 -4.56%	8/5/2016	$51.72	PP = $56.08
								MB = $58.88
Most Recent Note - 10/11/2016 5:11:26 PM G - Pulled back from all-time highs with near average volume today. Extended from any sound base. Its 50 DMA line ($58.20) 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	$26.95	+0.30 1.13%	$27.05	441,642 40.11% of 50 DAV 50 DAV is 1,101,000	$28.72 -6.16%	10/4/2016	$27.36	PP = $28.70
								MB = $30.14
Most Recent Note - 10/12/2016 5:04:48 PM Y - Quietly consolidating above its 50 DMA line ($26.54) since highlighted in yellow with new pivot point cited based on its 9/01/16 high plus 10 cents. Members were repeatedly reminded in prior notes - "Volume-driven gains above the pivot point are still needed to trigger a convincing technical buy signal." >>> 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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