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AFTER MARKET UPDATE - MONDAY, APRIL 4TH, 2016
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Indices NYSE Nasdaq
DOW  -55.75 17,737.00 -0.31% Volume 800,376,780 -16% Volume 1,555,002,950 -6%
NASDAQ -22.74 4,891.80 -0.46% Advancers 801 26% Advancers 1,138 40%
S&P 500 -6.65 2,066.13 -0.32% Decliners 2,230 74% Decliners 1,684 60%
Russell 2000 -9.21 1,108.47 -0.82% 52 Wk Highs 142   52 Wk Highs 72  
S&P 600 -7.41 680.69 -1.08% 52 Wk Lows 9   52 Wk Lows 23  

Major Indices Fell With Lighter Volume Totals

Stocks finished lower on Monday. The Dow was off 55 points to 17737. The S&P 500 lost 6 points to 2066. The NASDAQ fell 22 points to 4891. The volume was reported lighter on the NYSE and higher on the Nasdaq exchange. Decliners led advancers by an 11-4 margin on the NYSE and 3-2 on the Nasdaq exchange. There were 46 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, down from the total of 55 on the prior session. New 52-week highs still solidly 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 recently rebounded above its 200-day moving average line, and it has been rallying toward a downward trendline and its prior highs.

Further gains have helped the DOW, S&P 500 Index, and the Nasdaq Composite Index unanimously rally above their respective 50-day and 200-day moving average (DMA) 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.

The major averages declined with oil prices on Monday on the heels of their sixth-weekly gain in the last seven weeks. On the data front, factory orders contracted by 1.7% in February while durable goods orders decreased by 3%. In M&A news, Virgin America (VA +41.7%) surged after agreeing to be acquired by Alaska Air (ALK ) for $2.6 billion.

Eight out of ten sectors in the S&P 500 finished lower on the session. Materials shares led the losses with Freeport-McMoRan (FCX -4.8%) falling. In tech, Facebook (FB -3%) on analyst commentary that the social media giant may miss first-quarter earnings expectations. Healthcare stocks outperformed with Edwards Lifesciences (EW +16.9%) soaring after providing upbeat data on its heart valve implant. Tesla (TSLA +4%) shares jumped after CEO Elon Musk announced the company has already booked 276,000 pre-orders for its new Model 3 electric car.

Treasuries were essentially flat with the benchmark 10-year unchanged to yield 1.77%. In commodities, NYMEX WTI crude retreated another 2.6% to $35.82/barrel while COMEX gold lost 0.3% to $1218.00. In FOREX, the Dollar Index moved lower for a sixth-consecutive session with particular weakness against the yen.



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.


Biotech Index Posted Standout Gain

The Broker/Dealer Index ($XBD -1.51%), Bank Index ($BKX -0.24%) and the Retail Index ($RLX -0.86%)all had a negative influence on the major averages on Monday. The tech sector was led by the Biotechnology Index ($BTK +0.81%), but the Networking Index ($NWX -1.75%) and the Semiconductor Index ($SOX -0.91%) ended lower. Commodity-linked shares were weak as the Gold & Silver Index ($XAU -2.99%), Oil Services Index ($OSX -1.15%) and the Integrated Oil Index ($XOI -0.94%) fell.

Charts courtesy www.stockcharts.com

PICTURED: The Biotechnology Index ($BTK +0.81%) posted a standout gain and rallied above recent highs.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  151.70 -1.76 -1.15% -3.82%
Integrated Oil $XOI  1,048.04 -9.97 -0.94% -2.30%
Semiconductor $SOX  675.39 -6.20 -0.91% +1.80%
Networking $NWX  359.68 -6.40 -1.75% -4.32%
Broker/Dealer $XBD  161.38 -2.47 -1.51% -9.38%
Retail $RLX  1,271.77 -11.05 -0.86% -0.91%
Gold & Silver $XAU  67.63 -2.09 -3.00% +49.29%
Bank $BKX  64.55 -0.15 -0.23% -11.67%
Biotech $BTK  3,062.28 +24.60 +0.81% -19.71%


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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  
$70.28 +0.76
1.09%

$70.51

63,536
48.50% of 50 DAV
50 DAV is 131,000
$72.84
-3.51%
1/29/2016 $62.25 PP = $66.39
MB = $69.71
Most Recent Note - 4/4/2016 5:24:14 PM
G - Color code is changed to green after rising back above its "max buy" leve. Prior highs and its 50 DMA line ($65.21) define important near-term support to watch on pullbacks.
>>> 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  
$18.59 -0.03
-0.16%

$19.10

1,379,124
116.58% of 50 DAV
50 DAV is 1,183,000
$18.82
-1.22%
2/26/2016 $16.10 PP = $16.19
MB = $17.00
Most Recent Note - 4/4/2016 12:36:51 PM
G - Hitting another new 52-week high today. Its 50 DMA line ($16.24) defines near-term support to watch on pullbacks. See latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Found Support Above 50 DMA Line Consolidating Near 52-week High - 4/1/2016
 |  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  
$25.64 -1.98
-7.17%

$27.63

90,040
204.64% of 50 DAV
50 DAV is 44,000
$28.07
-8.66%
3/14/2016 $25.43 PP = $24.77
MB = $26.01
Most Recent Note - 4/4/2016 5:22:37 PM
Y - Down today for a loss on higher volume indicative of distributional pressure. Color code is changed to yellow after retreating back below its "max buy" level. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price.
>>> FEATURED STOCK ARTICLE : Pullback Had Light Volume After Getting Extended From Prior Base - 3/23/2016
 |  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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