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AFTER MARKET UPDATE - TUESDAY, MARCH 22ND, 2016
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Indices NYSE Nasdaq
DOW  -41.30 17,582.57 -0.23% Volume 819,205,110 +1% Volume 1,441,951,750 +0%
NASDAQ +12.79 4,821.66 +0.27% Advancers 1,392 47% Advancers 1,394 48%
S&P 500 -1.80 2,049.80 -0.09% Decliners 1,594 53% Decliners 1,488 52%
Russell 2000 -1.24 1,097.34 -0.11% 52 Wk Highs 70   52 Wk Highs 44  
S&P 600 -1.59 675.07 -0.23% 52 Wk Lows 9   52 Wk Lows 19  

Indices Ended Mixed and Little Changed

The Dow was off 40 points to 17583. The S&P 500 fell 2 points to 2049. The NASDAQ added 12 points to 4821. Volume was reported slightly higher on the NYSE and on the Nasdaq exchange. Advancers slightly trailed decliners on the NYSE and on the Nasdaq exchange. Leadership waned as there were 14 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, down from the total of 18 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.
Charts used courtesy of www.stockcharts.com
PICTURED: The Nasdaq Composite Index has been rebounding toward its 200-day moving average (DMA) line and prior highs.

Further gains have helped the DOW and the S&P 500 Index both rally above their downward sloping 200-day moving average lines. The recent improvement for the major averages (M criteria) was backed by an expansion in healthy leadership (new highs), another encouraging sign for the current confirmed rally. The Featured Stocks Page includes most current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts.

Equities were mostly lower while gold and the dollar strengthened as investors reacted to a series of terrorist attacks in Brussels, Belgium. The Euro STOXX 600 retreated 0.6% on the session with Financials and travel stocks leading the losses. On the domestic data front, a preliminary gauge of manufacturing PMI for March came in at 51.4, slightly below the 51.9 predicted by analysts.

Seven out of ten sectors in the S&P 500 declined on the session. Consumer Staples lagged with Dean Foods (DF -12.1%) fell after receiving an analyst downgrade. Healthcare stocks outperformed as Mallinckrodt (MNK +3.5%) rose.

In earnings news, Mattress Firm (MFRM -7.1%) fell after missing analyst expectations on the top and bottom line. Nike (NKE +0.3%) rose ahead of its quarterly report after the close.

Treasuries slipped in afternoon trading with the benchmark 10-year note losing 6/32 to yield 1.94%. In commodities, NYMEX WTI crude ticked 0.2% lower to $41.43/barrel while COMEX gold added 0.4% to $1248.26/ounce. In FOREX, the Dollar Index advanced 0.3%. The British pound retreated more than 1% on speculation that the terrorist attacks would bolster the campaign for the nation to leave the European Union.


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.


Biotechnology and Broker/Dealer Indexes Rose

The Oil Services Index ($OSX -1.52%) and Integrated Oil Index ($XOI -0.47%) both fell and the Gold & Silver Index ($XAU -0.16%) inched lower. Financials were mixed as the Broker/Dealer Index ($XBD +0.19%) inched higher as the Bank Index ($BKX -0.30%) and the Retail Index ($RLX -0.22%) both edged lower. The Biotechnology Index ($BTK +2.71%) led the tech sector while the Semiconductor Index ($SOX -0.10%) and the Networking Index ($NWX -0.01%) both ended the session little changed.

Charts courtesy www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI -0.47%) is consolidating below its 200-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  161.32 -2.48 -1.51% +2.28%
Integrated Oil $XOI  1,098.27 -5.22 -0.47% +2.38%
Semiconductor $SOX  675.30 -0.66 -0.10% +1.78%
Networking $NWX  363.01 -0.03 -0.01% -3.44%
Broker/Dealer $XBD  162.77 +0.31 +0.19% -8.60%
Retail $RLX  1,243.37 -2.69 -0.22% -3.12%
Gold & Silver $XAU  71.32 -0.11 -0.15% +57.44%
Bank $BKX  65.82 -0.20 -0.30% -9.93%
Biotech $BTK  2,958.80 +78.16 +2.71% -22.42%


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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
JBSS - NASDAQ
Sanfilippo John B & Son
FOOD and BEVERAGE - Processed and Packaged Goods  
$67.58 -0.45
-0.66%

$68.05

77,790
63.24% of 50 DAV
50 DAV is 123,000
$72.55
-6.85%
1/29/2016 $62.25 PP = $66.39
MB = $69.71
Most Recent Note - 3/21/2016 5:17:26 PM
Y - Still quietly consolidating above prior highs and its 50 DMA line defining important near-term support.
>>> FEATURED STOCK ARTICLE : Consolidating Above Near Term Support - 3/15/2016
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
MXL - NYSE
Maxlinear Inc Cl A
Telecom-Infrastructure  
$18.60 +0.05
0.27%

$18.82

1,041,447
95.46% of 50 DAV
50 DAV is 1,091,000
$18.78
-0.96%
2/26/2016 $16.10 PP = $16.19
MB = $17.00
Most Recent Note - 3/21/2016 5:18:47 PM
G - Perched at its 52-week high following volume-driven gains. Extended from the previously noted "double bottom" base, it has shown bullish action since first featured in yellow in the 2/26/16 mid-day report.
>>> FEATURED STOCK ARTICLE : Perched Near Best-Ever Close Following Recent Breakout - 3/9/2016
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
NVEE - NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting  
$26.25 -0.55
-2.05%

$26.80

30,879
71.81% of 50 DAV
50 DAV is 43,000
$28.07
-6.48%
3/14/2016 $25.43 PP = $24.77
MB = $26.01
Most Recent Note - 3/21/2016 5:20:31 PM
G - Rallied near its best-ever close and its color code was changed to green after rising above its "max buy" level, getting extended from the previously noted base. Disciplined investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead.
>>> FEATURED STOCK ARTICLE : Finished Strong After Highlighted in Mid-Day Report - 3/14/2016
 |  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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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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