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AFTER MARKET UPDATE - TUESDAY, DECEMBER 15TH, 2015
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Indices NYSE Nasdaq
DOW  +156.41 17,524.91 +0.90% Volume 942,829,700 -10% Volume 1,854,477,320 -6%
NASDAQ +43.13 4,995.36 +0.87% Advancers 2,469 79% Advancers 2,160 72%
S&P 500 +21.47 2,043.41 +1.06% Decliners 662 21% Decliners 852 28%
Russell 2000 +15.69 1,131.55 +1.41% 52 Wk Highs 22   52 Wk Highs 27  
S&P 600 +9.20 671.41 +1.39% 52 Wk Lows 185   52 Wk Lows 149  

Major Indices Rose With Lighter Volume Totals

Stocks pushed higher on Tuesday. The Dow was up 156 points to 17524. The S&P 500 advanced 21 points to 2043. The NASDAQ added 43 points to 4995. Volume was lighter than the prior session totals on the NYSE and on the Nasdaq exchange, however, revealing a lack of institutional buying demand behind the gains. Breadth was positive as advancers led decliner by nearly a 4-1 margin on the NYSE and by more than  2-1 on the Nasdaq exchange. Leadership improved as there were 19 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, up from 6 on the prior session. There were gains for 9 of the 10 high-ranked companies currently on the Featured Stocks Page. The new 52-week lows still solidly outnumbered new 52-week highs on the Nasdaq exchange and on the NYSE.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index promptly rebounded back above its 200-day moving average (DMA) line.

The Dow Jones Industrial Average and the S&P 500 Index remain below their respective 200 DMA lines. Members were cautioned last week - "The lack of new leadership (stocks hitting new highs) coupled with deterioration in the major averages (M criteria) charts gives the current market environment the look of a more worrisome 'correction'. During weak markets the fact-based investment system prompts investors to reduce exposure by selling any faltering stocks."

The major averages gained for a second day as the Fed began its final policy meeting of 2015. With the central bank expected to announce a rate increase tomorrow afternoon, investors will monitor the tone of the statement for indications related to the pace of future tightening. On the data front, a report showed consumer price inflation was unchanged in November. Excluding food and energy, CPI grew 0.2%, in line with consensus estimates.

In corporate news, Boeing (BA +2.47%) rose after increasing its quarterly dividend and raising its share buyback. The embattled Valeant Pharmaceuticals (VRX +16.41%) jumped after announcing a new fulfillment agreement with Walgreens . Advanced Auto Parts (AAP +5.80%) rose on reports the company is exploring a sale following an approach from a possible buyer.

All ten sectors in the S&P 500 finished higher on Tuesday. Energy shares paced the gains in sympathy with higher crude prices while financial and healthcare stocks also outperformed.

Treasuries declined with the yield on the two-year note reaching a five-year high. The benchmark 10-year note slipped 13/32 to yield 2.27%. In commodities, NYMEX crude advanced 2.2% to $37.12/barrel. COMEX gold was off 0.2% at $1062.30/ounce. In FOREX, the dollar was firmly higher against the yen and euro.

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.


Financial, Tech, and Energy Groups Posted Influential Gains

The Gold & Silver Index ($XAU +0.27%) inched higher while the Integrated Oil Index ($XOI +2.37%) and the Oil Services Index ($OSX +3.12%) posted solid gains. The Retail Index ($RLX+0.01%) finished flat, meanwhile financials had a positive influence on the major averages as the Bank Index ($BKX+3.12%) and the Broker/Dealer Index ($XBD +2.50%rose.   The Networking Index ($NWX+1.25%) and the Semiconductor Index ($SOX +1.52%) posted gains.

Charts courtesy www.stockcharts.com

PICTURED: The Biotechnology Index ($BTK+3.36%) led the tech sector with a solid gain on Tuesday as it rebounded above its 50-day moving average (DMA) line. 


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  166.14 +5.03 +3.12% -21.21%
Integrated Oil $XOI  1,091.61 +25.22 +2.37% -19.03%
Semiconductor $SOX  666.47 +9.98 +1.52% -2.97%
Networking $NWX  375.24 +4.62 +1.25% +4.83%
Broker/Dealer $XBD  178.83 +4.36 +2.50% -3.15%
Retail $RLX  1,282.81 +0.18 +0.01% +24.22%
Gold & Silver $XAU  44.68 +0.11 +0.25% -35.04%
Bank $BKX  74.30 +2.25 +3.12% +0.05%
Biotech $BTK  3,671.18 +120.71 +3.40% +6.75%


Hovering Near Highs But Not Showing Fresh Signs of Accumulation

Blackhawk Network Inc (HAWK  +$0.09 or +0.18% to 46.89) has still been holding its ground stubbornly near all-time highs with volume totals cooling. Volume must be at least +40% above average behind gains above a stock's pivot point to trigger a proper technical buy signal.) It was last shown in this FSU section on 11/25/15 with an annotated graph under the headline, "Gain For New High With +36% Above Average Volume", after highlighted in yellow with new pivot point cited based on its 10/09/15 high plus 10 cents in the earlier mid-day report (read here).

A subsequent volume driven gain and strong close above the pivot is still needed to trigger a proper technical buy signal. Under the fact-based investment system's buying rules the volume must be at least +40% above average behind gains above a stock's pivot point to trigger a proper technical buy signal. Historic studies have shown that most big stock market winners began their considerable price advance with a burst of very heavy volume behind their breakout gains into new high territory. The surge of volume is a crucial sign of serious institutional buying demand.

Fundamentals remain strong. It reported earnings +52% on +31% sales revenues for the Sep '15 quarter, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria), helping it better match the winning models of the fact-based investment system. 

The number of top-rated funds owning its shares rose from 205 in Dec '14 to 334 in Sep '15, a reassuring sign concerning the I criteria. Currently the Finance - Credit Card/Payment Processing firm has a Timeliness rating of A and a Sponsorship rating of C.  The small supply of only 53.5 million shares (S criteria) in the pubic float 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
SFNC - NASDAQ
Simmons First Natl Cp A
BANKING - Regional - Southeast Banks  
$52.63 +1.05
2.04%

$52.98

155,619
105.15% of 50 DAV
50 DAV is 148,000
$58.75
-10.42%
10/22/2015 $50.13 PP = $48.98
MB = $51.43
Most Recent Note - 12/11/2015 5:39:01 PM
G - Violated its 50 DMA line raising concerns and triggering a technical sell signal with above average volume behind today's 5th consecutive loss. Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Pulling Back From High - 12/8/2015
 |  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  
$71.71 +0.73
1.03%

$72.12

420,023
81.56% of 50 DAV
50 DAV is 515,000
$77.75
-7.77%
10/21/2015 $69.18 PP = $69.91
MB = $73.41
Most Recent Note - 12/11/2015 5:36:43 PM
G - Testing prior highs in the $69 area after violating its 50 DMA line with a damaging loss today raising concerns. Only a prompt rebound above the 50 DMA liner would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs and 50-Day Moving Average - 12/9/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
HAWK - NASDAQ
Blackhawk Network Inc
DIVERSIFIED SERVICES - Business/Management Services  
$46.89 +0.09
0.18%

$47.44

497,919
87.82% of 50 DAV
50 DAV is 567,000
$48.40
-3.12%
11/25/2015 $47.63 PP = $47.07
MB = $49.42
Most Recent Note - 12/15/2015 4:50:54 PM
Y - Still holding its ground stubbornly near all-time highs with volume totals cooling. Volume must be at least +40% above average behind gains above a stock's pivot point to trigger a proper technical buy signal. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Hovering Near Highs But Not Showing Fresh Signs of Accumulation - 12/15/2015
 |  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  
$54.66 -0.17
-0.31%

$55.15

42,439
53.72% of 50 DAV
50 DAV is 79,000
$66.29
-17.54%
10/27/2015 $56.00 PP = $57.33
MB = $60.20
Most Recent Note - 12/9/2015 12:34:39 PM
Y - Recently finding support near prior highs in the $57 area and its 50 DMA line. More damaging losses undercutting the recent low ($54.86 on 12/03/15)could raise concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs and 50-Day Moving Average - 11/30/2015
 |  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  
$108.09 +6.52
6.42%

$109.87

697,081
232.36% of 50 DAV
50 DAV is 300,000
$106.43
1.56%
11/6/2015 $100.75 PP = $88.97
MB = $93.42
Most Recent Note - 12/15/2015 4:53:01 PM
G - Posted a considerable volume-driven gain today for a new 52-week high. Prior highs in the $88 area define important near-term support to watch. Disciplined investors avoid chasing extended stocks.
>>> FEATURED STOCK ARTICLE : Perched Near 52-Week High After More Bullish Action - 12/11/2015
 |  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  
$195.17 +3.98
2.08%

$195.81

252,986
94.05% of 50 DAV
50 DAV is 269,000
$216.27
-9.76%
10/28/2015 $204.38 PP = $195.28
MB = $205.04
Most Recent Note - 12/9/2015 1:31:41 PM
G - Slumping further below prior highs and below its 50 DMA line raising concerns and triggering technical sell signals. Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Volume Light But Slump Below 50-Day Average Raised Concerns - 12/4/2015
 |  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  
$78.69 +2.14
2.80%

$79.06

174,208
73.20% of 50 DAV
50 DAV is 238,000
$80.64
-2.42%
10/22/2015 $66.65 PP = $68.95
MB = $72.40
Most Recent Note - 12/11/2015 5:34:41 PM
G - Pulled back from new all-time highs hit this week. Disciplined investors avoid chasing extended stocks. Its 50 DMA line ($71.18) defines near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Another Gain on Average Volume to a New High Close - 12/2/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
PANW - NYSE
Palo Alto Networks
Computer Sftwr-Security  
$185.75 +2.06
1.12%

$188.61

1,321,577
80.53% of 50 DAV
50 DAV is 1,641,000
$200.55
-7.38%
12/14/2015 $179.20 PP = $200.65
MB = $210.68
Most Recent Note - 12/14/2015 5:53:06 PM
Y - Highlighted in yellow with new pivot point cited based on its 7/24/15 high plus 10 cents in the earlier mid-day report. Subsequent volume-driven gains for new highs may trigger a new technical buy signal. Reported strong sales revenues +133% and earnings +55% for the Oct '15 quarter, and fundamentals remain strong (C and A criteria). See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of Highs Again - 12/14/2015
 |  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  
$15.93 +0.09
0.57%

$16.21

21,056
118.29% of 50 DAV
50 DAV is 17,800
$17.95
-11.25%
11/4/2015 $17.00 PP = $18.05
MB = $18.95
Most Recent Note - 12/14/2015 1:10:22 PM
G - Slumped below its 50 DMA line raising concerns. Color code is changed to green as it endures greater distributional pressure. Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> FEATURED STOCK ARTICLE : Finding Support Above 50-Day Moving Average Line - 12/10/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
NHTC - NASDAQ
Natural Health Trends
Cosmetics/Personal Care  
$44.32 +2.05
4.85%

$44.82

232,580
52.74% of 50 DAV
50 DAV is 441,000
$55.45
-20.07%
10/23/2015 $42.12 PP = $44.85
MB = $47.09
Most Recent Note - 12/15/2015 4:54:35 PM
G - Posted a gain today but remains below its 50 DMA line after triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve.
>>> FEATURED STOCK ARTICLE : After Successful Test of 10-Week Average a Valid Secondary Buy Point Exists - 11/27/2015
 |  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

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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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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