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AFTER MARKET UPDATE - TUESDAY, APRIL 19TH, 2016
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Indices NYSE Nasdaq
DOW  +49.44 18,053.60 +0.27% Volume 877,814,450 +6% Volume 1,653,245,320 +9%
NASDAQ -19.69 4,940.33 -0.40% Advancers 2,121 70% Advancers 1,533 54%
S&P 500 +6.46 2,100.80 +0.31% Decliners 897 30% Decliners 1,295 46%
Russell 2000 +0.95 1,140.23 +0.08% 52 Wk Highs 186   52 Wk Highs 79  
S&P 600 +2.40 700.05 +0.34% 52 Wk Lows 5   52 Wk Lows 26  

Leadership Showed Improvement as Indices Ended Mixed

Stocks were mostly higher on Tuesday. The Dow was up 49 points to 18053. The S&P 500 gained 6 points to 2100. The Nasdaq Composite fell 20 points to 4940. The volume totals were reported higher on the NYSE and on the Nasdaq exchange. Advancers led decliners by more than a 2-1 margin on the NYSE but advancers led decliners by a narrower 8-7 margin on the Nasdaq exchange. There were 59 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from the total of 46 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 S&P 500 Index chart shows it rallying above the 2,100 level with higher volume behind recent gains, approaching prior highs and ending only -1.6% off its record high hit last July.

The DOW, S&P 500 Index, and Nasdaq Composite rallied further above their respective 50-day and 200-day moving average (DMA) lines. This week's expansion in new highs is a reassuring sign because any sustained rally requires a healthy crop of leaders (stocks hitting new highs). The Featured Stocks Page includes current notes with headline links for access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts.

U.S. equities ended generally in positive territory as a rally in commodity prices countered mixed quarterly earnings releases. IBM (IBM -5.6%) tumbled after reducing its quarterly guidance. UnitedHealth Group (UNH +2.10%) rose as the health insurer’s revenue beat forecasts. Johnson & Johnson (JNJ +1.58%) after posting double-digit U.S. sales growth. Netflix (NFLX -12.97%) retreated following its reduced subscriber growth outlook. On the data front, housing starts retreated by 8.8% in March, more than an expected 1.1% decline. Building permits unexpectedly contracted 7.7% versus a projected 2.0% rise.

Eight of 10 sectors in the S&P 500 rose on the session. Materials and Energy were the best performing groups. Freeport McMoRan (FCX +8.98%) rallied in sympathy with higher metal prices. Transocean (RIG +9.54%) rose as oil advanced. Financials also outperformed with Goldman Sachs (GS +2.28%) rose as its quarterly results topped estimates. Technology were down most on the session. Joining IBM lower were shares of Alphabet (GOOG -1.65%).

Treasuries declined with the benchmark 10-year note slipping 4/32 to yield 1.79%. In commodities, NYMEX WTI crude rallied 3.2% to $41.05/barrel, amid the ongoing worker strike in Kuwait. COMEX gold was up 1.3% to $1251.70/ounce.


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.


Commodity and Financial Indexes Rose; Retail and Tech Fell

Commodity-linked groups rose as the Gold & Silver Index ($XAU +5.81%) and Oil Services Index ($OSX +4.36%) both posted big gains and the Integrated Oil Index ($XOI +1.90%) also posted a solid gainThe Bank Index ($BKX +1.81%) and the Broker/Dealer Index ($XBD +0.50%) both rose, meanwhile the Retail Index ($RLX -1.27%) had a negative influence on the major averages on Tuesday. The Networking Index ($NWX -0.96%), Semiconductor Index ($SOX -1.24%) and the Biotechnology Index ($BTK -2.00%) produced unanimous losses in the tech sector

Charts courtesy www.stockcharts.com

PICTURED: ThSemiconductor Index ($SOX -1.24%) is consolidating below prior highs after rebounding above its 50-day and 200-day moving average (DMA) lines.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  169.88 +7.11 +4.37% +7.70%
Integrated Oil $XOI  1,142.21 +21.30 +1.90% +6.48%
Semiconductor $SOX  665.63 -8.33 -1.24% +0.32%
Networking $NWX  348.17 -3.38 -0.96% -7.38%
Broker/Dealer $XBD  164.33 +0.81 +0.50% -7.73%
Retail $RLX  1,282.43 -16.53 -1.27% -0.08%
Gold & Silver $XAU  82.99 +4.56 +5.81% +83.20%
Bank $BKX  68.40 +1.22 +1.82% -6.40%
Biotech $BTK  3,174.10 -64.66 -2.00% -16.78%


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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  
$65.87 -0.50
-0.75%

$66.94

98,665
77.08% of 50 DAV
50 DAV is 128,000
$72.84
-9.57%
1/29/2016 $62.25 PP = $66.39
MB = $69.71
Most Recent Note - 4/19/2016 5:39:40 PM
G - Its short-term average line may act as resistance, but a convincing rebound above the 50 DMA line ($67.37) is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Endured Distributional Pressure During Recent Consolidation - 4/6/2016
 |  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  
$15.86 -1.80
-10.19%

$17.75

5,531,196
430.11% of 50 DAV
50 DAV is 1,286,000
$19.10
-16.96%
2/26/2016 $16.10 PP = $16.19
MB = $17.00
Most Recent Note - 4/19/2016 5:37:59 PM
G - Down considerably today on 4 times average volume while violating its 50 DMA line raising concerns and triggering a technical sell signal. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. Only a prompt rebound above the 50 DMA line would, help its outlook improve.
>>> 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  
$28.00 +0.60
2.19%

$28.66

118,867
264.15% of 50 DAV
50 DAV is 45,000
$28.07
-0.25%
4/19/2016 $28.20 PP = $28.10
MB = $29.51
Most Recent Note - 4/19/2016 5:40:42 PM
Y - Hit new 52-week and all-time highs with today's volume-driven gain. Color code was changed to yellow with new pivot point cited based on its 4/01/16 high plus 10 cents. A convincing close above the pivot point in new all-time high territory may signal the beginning of a meaningful advance. Stubbornly held its ground yet it made limited progress from from the previously cited "double bottom" base pattern.
>>> FEATURED STOCK ARTICLE : Perched Near 52-Week High Following Recent Breakout - 4/12/2016
 |  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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