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AFTER MARKET UPDATE - MONDAY, MAY 9TH, 2016
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Indices NYSE Nasdaq
DOW  -34.72 17,705.91 -0.20% Volume 941,797,650 -0% Volume 1,476,457,490 -14%
NASDAQ +14.05 4,750.21 +0.30% Advancers 1,406 47% Advancers 1,601 53%
S&P 500 +1.55 2,058.69 +0.08% Decliners 1,594 53% Decliners 1,394 47%
Russell 2000 +3.53 1,118.25 +0.32% 52 Wk Highs 228   52 Wk Highs 52  
S&P 600 -0.06 687.87 -0.01% 52 Wk Lows 22   52 Wk Lows 56  

Major Indices Had Another Mixed Session With Lighter Volume

Stocks were mixed on Monday. The Dow slid 34 points to 17705. The S&P 500 gained 1 point to 2058 and the Nasdaq Composite added 14 points to 4750. The volume totals were reported lighter on the NYSE and on the Nasdaq exchange. Advancers trailed decliners by an 8-7 margin on the NYSE yet advancers led decliners by an 8-7 margin on the Nasdaq exchange. Leadership improved as there were 54 high-ranked companies from the Leaders List made new 52-week highs and were listed on the BreakOuts Page, up from the total of 27 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE while new lows yet again outnumbered new highs on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com
PICTURED: The Nasdaq Composite Index has slumped below its 50-day and 200-day moving average (DMA) lines. It is -9.2% off its record high hit on July 20, 2015. 

The market's confirmed uptrend (M criteria) has come under pressure recently while the DOW and S&P 500 Index are now consolidating just above their respective 50-day and 200-day moving average (DMA) lines. Sustained rallies require a healthy crop of leaders (stocks hitting new highs). Very few issues have appeared to meet the fact-based investment system's guidelines or make meaningful headway in recent weeks. 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.

The major averages fluctuated throughout the day as gains in Health Care stocks were offset by weakness in the commodity patch. Overseas, Chinese shares sold-off after discouraging export data while Germany led an advance in European stocks. On the Fed front, Chicago President Charles Evans said that solid U.S. economic fundamentals should support a pick-up in growth this year to around 2.5%.

Five out of ten sectors in the S&P 500 finished in positive territory on the session. Teva Pharmaceuticals (TEVA +5.05%) rallied to pace the gains in Health Care after besting analyst earnings predictions. Consumer Staples stocks also outperformed with Tyson Foods (TSN +1.47%) up after exceeding Wall Street estimates on the top and bottom line. Lending Club Corp (LC -34.9%) tumbled on news that the online marketplace’s CEO has resigned for a violation of company rules.

Treasuries strengthened with the benchmark 10-year note adding 8/32 to yield 1.75%. In commodities, NYMEX WTI crude gave back early gains and fell 2.9% to $43.36/barrel. COMEX gold was down 2.2% to $1265.70/ounce. In FOREX, the dollar advanced against its peers with particular strength 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.


Commodity-Linked Groups Fell; Biotech and Retail Rose

The Retail Index ($RLX +0.70%) had a positive influence on the major averages on Monday but the Bank Index ($BKX -0.55%) and the Broker/Dealer Index ($XBD -0.38%) both finished with small lossesThe tech sector was led by the Biotechnology Index ($BTK +2.80%) while the Networking Index ($NWX +0.17%) and the Semiconductor Index ($SOX -0.15%) were mixed and little changed. Commodity-linked groups were weak as the Gold & Silver Index ($XAU -6.84%) and the Oil Services Index ($OSX -4.31%) outpaced the Integrated Oil Index ($XOI -1.60%) to the downside

Charts courtesy www.stockcharts.com

PICTURED: ThOil Services Index ($OSX -4.31%) violated its 50-day and 200-day moving average (DMA) lines. 


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  161.67 -7.29 -4.31% +2.50%
Integrated Oil $XOI  1,089.22 -17.70 -1.60% +1.54%
Semiconductor $SOX  636.54 -0.96 -0.15% -4.06%
Networking $NWX  345.91 +0.59 +0.17% -7.99%
Broker/Dealer $XBD  155.79 -0.59 -0.38% -12.52%
Retail $RLX  1,288.94 +9.06 +0.71% +0.43%
Gold & Silver $XAU  82.48 -6.05 -6.83% +82.08%
Bank $BKX  66.54 -0.37 -0.55% -8.95%
Biotech $BTK  3,010.52 +82.09 +2.80% -21.07%


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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
MXL - NYSE
Maxlinear Inc Cl A
Telecom-Infrastructure  
$16.43 +0.06
0.37%

$16.96

1,091,201
78.00% of 50 DAV
50 DAV is 1,399,000
$19.10
-13.98%
2/26/2016 $16.10 PP = $16.19
MB = $17.00
Most Recent Note - 5/6/2016 5:03:05 PM
G - Recovered from mid-day low to finish in the upper third of its intra-day range. A rebound above the 50 DMA line ($17.46) is needed for its outlook to improve. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price.
>>> 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  
$28.52 +1.21
4.43%

$29.00

107,003
178.34% of 50 DAV
50 DAV is 60,000
$28.66
-0.50%
4/19/2016 $28.20 PP = $28.10
MB = $29.51
Most Recent Note - 5/9/2016 5:18:43 PM
Y - Today it posted a 2nd consecutive volume-driven gain, rallying for a new 52-week high. Found prompt support after violating its 50 DMA line last week after reporting earnings +39% on +54% sales revenues for the Mar '16 quarter, continuing its strong earnings track record.
>>> FEATURED STOCK ARTICLE : Met Resistance When Poised to Breakout From Longer Base Pattern - 4/20/2016
 |  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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