FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Friday, November 13th, 2015

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AFTER MARKET UPDATE - FRIDAY, NOVEMBER 13TH, 2015

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Indices				NYSE			Nasdaq
DOW	-202.83	17,245.24	-1.16%	Volume	924,618,610	+8%	Volume	1,844,252,370	+11%
NASDAQ	-77.20	4,927.88	-1.54%	Advancers	1,153	38%	Advancers	1,043	35%
S&P 500	-22.93	2,023.04	-1.12%	Decliners	1,903	62%	Decliners	1,911	65%
Russell 2000	-8.26	1,146.55	-0.72%	52 Wk Highs	23		52 Wk Highs	22
S&P 600	-5.16	675.85	-0.76%	52 Wk Lows	223		52 Wk Lows	197

Concerns Rise as Major Indices Encounter Heavier Distributional Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow erased 3.7%, the S&P lost 3.6% and the NASDAQ was down 4.3%. Stocks sold off on Friday. The Dow was down 202 points to 17245. The S&P 500 lost 22 points to 2023. The NASDAQ was off 77 points to 4927. Volume totals were reported higher on the NYSE and on the Nasdaq exchange, a clear sign of even heavier selling pressure coming from the institutional crowd on Friday. Breadth was negative as decliners led advancers by nearly a 2-1 margin on the NYSE and on the Nasdaq exchange. Leadership contracted abruptly as there were only 7 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 13 on the prior session, and down from 63 on Wednesday. New 52-week lows totals expanded and solidly outnumbered new 52-week highs on the Nasdaq exchange and on the NYSE. There were losses for all 11 high-ranked companies currently on the Featured Stocks Page, a disproportionately negative bias versus that of the broader market.

Charts courtesy www.stockcharts.com

PICTURED: The Nasdaq Composite Index fell below its 200-day moving average (DMA) line with higher volume behind its 5th consecutive loss on Friday, raising concerns. It finished -5.23% off its all-time high.

The rally came under pressure as the major indices (M criteria) endured distributional pressure. All three major averages slumped below their respective 200 DMA lines while leadership abruptly contracted this week. New buying efforts may only be considered in stocks meeting all key criteria.

The major averages retreated to cap their first weekly decline since September amid soft economic data at home and uncertainty abroad. A gauge of wholesale prices fell 0.4% in October versus an expected 0.2% increase. Retail sales grew 0.1% last month, below the consensus estimate to grow 0.3%. On a positive note, a preliminary report of consumer sentiment for November grew by more than expected.

On the earnings front, Nordstrom (JWN -14.98%) plunged after the retailer posted earnings results more than 25% below analyst forecasts. Cisco (CSCO -5.82%) fell after beating on the top and bottom line but lowering forward guidance. In M&A news, Mylan (MYL +12.92%) rose after reportedly giving up their takeover bid for Perrigo (PRGO -6.16%).

Nine out of ten sectors in the S&P 500 declined on Friday. Consumer discretionary stocks led the descent after disappointing earnings, while materials were the lone sector to gain.

Treasuries strengthened along the curve. Benchmark 10-year notes gained 11/32 to yield 2.27%.In commodities, WTI crude slid 2.4% to $40.75/barrel on the NYMEX. Gold traded flat at $1081.20/ounce on the COMEX.

The Featured Stocks Page saw some new names recently added. 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.

Retail Group Fell Worst Amid Mostly Weak Group Action
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On Friday the Retail Index ($RLX -3.74%) created a big drag and the Broker/Dealer Index ($XBD -0.74%) and Bank Index ($BKX -0.95%) also had a negative influence on the major averages. The Biotechnology Index ($BTK +0.98%) rose, meanwhile the Networking Index ($NWX -2.23%) and the Semiconductor Index ($SOX -0.93%) both were lower. Energy-linked shares were mixed as the Integrated Oil Index ($XOI -0.51%) edged lower and the Oil Services Index ($OSX +0.25%) inched higher. The Gold & Silver Index ($XAU +0.72%) posted a small gain.

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD -0.74%) was rebounding steadily from early-October lows but it met resistance near its 200-day moving average (DMA) line and slumped back below that important long-term average.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	174.89	+0.43	+0.25%	-17.06%
Integrated Oil	$XOI	1,160.70	-5.90	-0.51%	-13.90%
Semiconductor	$SOX	643.71	-6.06	-0.93%	-6.28%
Networking	$NWX	376.42	-8.57	-2.23%	+5.16%
Broker/Dealer	$XBD	179.42	-1.34	-0.74%	-2.83%
Retail	$RLX	1,222.89	-47.49	-3.74%	+18.41%
Gold & Silver	$XAU	45.56	+0.33	+0.73%	-33.76%
Bank	$BKX	73.69	-0.71	-0.95%	-0.77%
Biotech	$BTK	3,626.17	+35.15	+0.98%	+5.44%

Gains on Light Volume Before Decisive Drop on Heavy Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Ulta Salon Cosmetics & Fragrance, Inc. (ULTA -$14.16 or -8.36% to $155.20) gapped down today and violated its 50-day moving average (DMA) line triggering a technical sell signal and its color code was changed to green. While hovering near its all-time high it was repeatedly noted with caution - "No resistance remains due to overhead supply, however, its has not posted a gain above the pivot point backed by at least +40% above average volume, and a convincing gain is still needed to trigger a proper technical buy signal."

Without impressive volume-driven gains and bullish "breakout" action indicative of heavy institutional buying demand investors have less reason to believe a sustained and meaningful advance in a company's share price is likely. ULTA was last shown with an annotated graph in this FSU section on 10/29/15 under the headline, "Recent Gains Lacked Volume Indicative of Institutional Buying Demand". Gains lacked volume conviction while rising above its pivot point for its best-ever close, and all subsequent gains were backed by below average volume.

The high-ranked firm had tallied a gain on 8/18/15 with solid +54% above average volume, but it stalled immediately afterward and soon triggered technical sell signals. It made limited headway since highlighted in yellow with pivot point cited based on its 4/24/15 high plus 10 cents in the 5/29/15 mid-day report (read here).

For the latest quarterly period, ULTA reported earnings +22% on +19% sales revenues for the Jul '15 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Earnings rose +34%, +26%, +22%, and +35% in the Jul '14, Oct '14, Jan '15 and Apr '15 quarterly comparisons, respectively. Its strong earnings have been underpinned by steady sales revenues increases in the +21-22% range during that span of time. Its solid annual earnings (A criteria) history is very reassuring.

It has a small supply (S criteria) of only 62.7 million shares in the public float. The number of top-rated funds with an ownership interest has grown from 566 funds in Jun '14 to 837 funds as of Sep'15, which is a very encouraging sign of increasing institutional interest (the I criteria).

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
PNFP - NASDAQ Pinnacle Financial Prtnr BANKING - Regional - Southeast Banks	$53.39	-0.81 -1.49%	$54.29	199,718 115.44% of 50 DAV 50 DAV is 173,000	$57.99 -7.93%	11/6/2015	$56.34	PP = $55.58
								MB = $58.36
Most Recent Note - 11/9/2015 5:41:45 PM Y - Pulled back today after triggering a technical buy signal on the prior session. Found support at its 200 DMA line during its consolidation in prior months. Reported earnings +27% on +35% sales revenues for the Sep '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 guidelines. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Perched at High Following Breakout - 11/9/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SFNC - NASDAQ Simmons First Natl Cp A BANKING - Regional - Southeast Banks	$54.65	-0.95 -1.71%	$55.75	132,025 66.34% of 50 DAV 50 DAV is 199,000	$58.58 -6.71%	10/22/2015	$50.13	PP = $48.98
								MB = $51.43
Most Recent Note - 11/11/2015 10:08:40 AM G - Getting very extended from its prior base and hitting yet another new 52-week high with today's big gain. Prior highs in the $48 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Slightly Extended From Prior Base After Breakout - 11/3/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
MANH - NASDAQ Manhattan Associates Inc COMPUTER SOFTWARE and SERVICES - Technical and System Software	$71.39	-1.96 -2.67%	$74.37	510,639 97.45% of 50 DAV 50 DAV is 524,000	$76.49 -6.67%	10/21/2015	$69.18	PP = $69.91
								MB = $73.41
Most Recent Note - 11/12/2015 5:22:04 PM Y - Color code is changed to yellow after a pullback on light volume and close today just below its "max buy" level. Prior highs in the $69 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Prior Highs Define Support Following Recent Breakout - 11/2/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
JBSS - NASDAQ Sanfilippo John B & Son FOOD and BEVERAGE - Processed and Packaged Goods	$59.98	-0.32 -0.53%	$61.64	75,967 104.06% of 50 DAV 50 DAV is 73,000	$66.29 -9.52%	10/27/2015	$56.00	PP = $57.33
								MB = $60.20
Most Recent Note - 11/12/2015 5:19:18 PM G - Consolidating near its "max buy" level. Prior highs in the $57 area acted as support after its 10/27/15 technical breakout. See latest FSU analysis for more details and a new annotated graph.. >>> FEATURED STOCK ARTICLE : Consolidating Near "Max Buy" Level and Well Above Prior Highs - 11/12/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
STMP - NASDAQ Stamps.com Inc INTERNET - Internet Software and Services	$97.32	-1.67 -1.69%	$99.21	276,949 101.08% of 50 DAV 50 DAV is 274,000	$106.43 -8.56%	11/6/2015	$100.75	PP = $88.97
								MB = $93.42
Most Recent Note - 11/9/2015 1:14:11 PM G - Pulling back today after quickly getting very extended from prior highs with a "breakaway gap" backed by nearly 8 times average volume on the prior session. Disciplined investors avoid chasing extended stocks. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Big Breakaway Gap With Heavy Volume Following Earnings News - 11/6/2015 \| 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
ULTI - NASDAQ Ultimate Software Group INTERNET - Internet Software and Services	$199.83	-4.81 -2.35%	$204.27	236,164 93.35% of 50 DAV 50 DAV is 253,000	$216.27 -7.60%	10/28/2015	$204.38	PP = $195.28
								MB = $205.04
Most Recent Note - 11/13/2015 5:34:49 PM Y - Color code is changed to yellow after today's 5th consecutive small loss on light volume as it closed below "max buy" level. Prior highs in the $195 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Technical Breakout Backed By Heavy Volume - 10/28/2015 \| 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	$155.20	-14.16 -8.36%	$168.00	3,001,762 423.98% of 50 DAV 50 DAV is 708,000	$176.77 -12.20%	10/22/2015	$168.02	PP = $170.31
								MB = $178.83
Most Recent Note - 11/13/2015 5:32:41 PM G - Gapped down today and violated its 50 DMA line triggering a technical sell signal and its color code was changed to green. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Gains on Light Volume Before Decisive Drop on Heavy Volume - 11/13/2015 \| 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	$57.54	-1.54 -2.61%	$59.11	299,457 70.63% of 50 DAV 50 DAV is 424,000	$61.75 -6.82%	9/23/2015	$51.26	PP = $52.55
								MB = $55.18
Most Recent Note - 11/13/2015 5:39:47 PM G - Extended from its prior base and pulling back from its 52-week high with 3 consecutive losses on lighter than average volume. Recent highs in the $56 area define near-term support to watch above its 50 DMA line ($52.72). >>> FEATURED STOCK ARTICLE : Earnings News Due May Contribute to Volatility Next Week - 10/30/2015 \| 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	$73.86	-2.44 -3.20%	$75.95	157,983 68.69% of 50 DAV 50 DAV is 230,000	$77.39 -4.56%	10/22/2015	$66.65	PP = $68.95
								MB = $72.40
Most Recent Note - 11/13/2015 5:43:14 PM G - Pulled back on light volume today, yet it is still perched above its "max buy" level and extended from prior highs in the $86 area. Disciplined investors avoid chasing extended stocks. >>> FEATURED STOCK ARTICLE : Gap Up Gain Getting More Extended From Prior Base - 11/11/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
VBTX - NASDAQ Veritex Holdings Inc BANKING - Regional - Southwest Banks	$16.23	-0.60 -3.57%	$16.80	9,769 61.06% of 50 DAV 50 DAV is 16,000	$17.95 -9.58%	11/4/2015	$17.00	PP = $18.05
								MB = $18.95
Most Recent Note - 11/13/2015 5:37:24 PM Y - Finished near its 50 DMA line with light volume behind today's 3rd consecutive loss. Did not produce the necessary gains above its pivot point backed by at least +40% above average volume needed to trigger a technical buy signal. >>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of Highs in 19-Week Base - 11/4/2015 \| 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
NHTC - NASDAQ Natural Health Trends Cosmetics/Personal Care	$51.46	-0.31 -0.60%	$53.48	244,666 71.96% of 50 DAV 50 DAV is 340,000	$55.45 -7.20%	10/23/2015	$42.12	PP = $44.85
								MB = $47.09
Most Recent Note - 11/10/2015 7:13:38 PM G - Wedging higher with recent gains. Held its ground following a breakout and gains with much higher volume totals. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Wedging Higher Following Volume-Driven Breakout - 11/10/2015 \| 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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