FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - THURSDAY, JUNE 16TH, 2016

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Indices				NYSE			Nasdaq
DOW	+92.93	17,733.10	+0.53%	Volume	865,829,890	-1%	Volume	1,718,927,150	+4%
NASDAQ	+9.98	4,844.91	+0.21%	Advancers	1,476	49%	Advancers	1,344	45%
S&P 500	+6.49	2,077.99	+0.31%	Decliners	1,541	51%	Decliners	1,650	55%
Russell 2000	-1.11	1,148.19	-0.10%	52 Wk Highs	105		52 Wk Highs	37
S&P 600	-0.70	703.01	-0.10%	52 Wk Lows	48		52 Wk Lows	73

Major Indices Erased Early Losses to End Session Firmly Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished higher on Thursday. The Dow was up 93 points to 17733. The S&P 500 added 6 points to 2078. The Nasdaq Composite gained 9 points to 4844. The volume totals were mixed, lighter on the NYSE and higher on the Nasdaq exchange versus the prior session. Decliners led advancers by a narrow margin on the NYSE and on the Nasdaq exchange. There were 12 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 15 on the prior session. New 52-highs outnumbered new 52-week lows on the NYSE but new lows outnumbered new highs on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average erased an early loss to post a gain while rebounding near its 50-day moving average (DMA) line.

The market's confirmed uptrend (M criteria) is encountering pressure again. The S&P 500 Index and Dow Jones Industrial Average have slumped below their 50 DMA lines along with the tech-heavy Nasdaq Composite Index. When leadership recently improved additional stocks were listed on the Featured Stocks Page as noteworthy buy candidates.

A late rally helped the major averages snap a five-day losing streak amid fluctuating sentiment on the U.K. “Brexit” referendum. According to Bloomberg data, the odds of the country leaving the political union fell to 38% this afternoon, from as high as 43% on Wednesday. On the data front, a gauge of inflation revealed U.S. consumer prices ticked up 0.2% last month, after rising 0.4% in April. In a separate release, initial jobless claims came in at 277,000, above the expected 270,000.

Nine of 10 sectors in the S&P 500 finished in positive territory. Telecom and Consumer Staples shares paced the gains while Energy stocks declined. In M&A news, Envision Healthcare (EVHC -6.18%) fell after announcing an all-stock merger with AmSurg Corp. (AMSG +1.20%). Kroger (KR -0.67%) fell despite posting better-than-expected quarterly earnings. Oracle (ORCL +0.52%) inched higher ahead of its scheduled release after the bell. American Airlines (AAL -4.43%) was a notable decliner.

Treasuries were mixed with the benchmark 10-year note up 2/32 to yield 1.56%. In commodities, NYMEX WTI crude retreated 4.1% to $46.05/barrel. COMEX gold slipped 0.2% to $1283.90/ounce. In FOREX, the yen surged higher while the British pound pared losses to finish flat.

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.

Retail and Networking Indexes Posted Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX +0.47%) posted a modest gain as the Broker/Dealer Index ($XBD +0.10%) inched higher but the Bank Index ($BKX -0.45%) fell on Thursday. The Biotechnology Index ($BTK -0.08%) and the Semiconductor Index ($SOX -0.01%) each ended the session nearly unchanged while the Networking Index ($NWX +0.75%) tallied a gain. The Gold & Silver Index ($XAU -2.77%) and the Oil Services Index ($OSX -1.88%) both suffered solid losses as Integrated Oil Index ($XOI -0.20%) edged lower.

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX +0.47%) is consolidating near its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	165.37	-3.16	-1.88%	+4.84%
Integrated Oil	$XOI	1,103.41	-2.21	-0.20%	+2.86%
Semiconductor	$SOX	694.78	-0.08	-0.01%	+4.72%
Networking	$NWX	372.40	+2.71	+0.73%	-0.94%
Broker/Dealer	$XBD	155.68	+0.15	+0.10%	-12.59%
Retail	$RLX	1,277.85	+6.01	+0.47%	-0.44%
Gold & Silver	$XAU	89.86	-2.56	-2.77%	+98.37%
Bank	$BKX	65.73	-0.30	-0.45%	-10.06%
Biotech	$BTK	3,068.52	-2.39	-0.08%	-19.54%

Extended From Base After Another Volume-Driven Gain
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Patrick Industries Inc (PATK +$0.92 or +1.72% to $54.28) hit a new 52-week high with today's volume-driven gain. Disciplined investors avoid chasing extended stocks which have rallied more than +5% above a sound base pattern. On pullbacks, prior highs define near term support in the $50 area, above its 50-day moving average (DMA) line ($49.33).

It was last shown in this FSU section on 5/24/16 with an annotated graph under the headline, "Solid Volume-Driven Gain Into New High Territory". It was highlighted in yellow with pivot point based on its 4/28/16 high plus 10 cents in the earlier mid-day report (read here). It finished strong with +132% above average volume as it hit new all-time highs confirming a technical buy signal with today's big gain, rallying with no resistance due to overhead supply.

It reported earnings +36% on +25% sales revenues for the Mar '16 quarter, and prior quarters were steadily above the +25% minimum earnings guideline (C criteria). A small downturn in FY '13 was a flaw previously noted in its annual earnings (A criteria) history.

Its current Up/Down Volume ratio of 1.3 is an unbiased indication that its shares were under accumulation over the past 50 days. The number of top-rated funds owning its share rose from 218 in Jun '15 to 249 in Mar '16, a reassuring trend concerning the I criteria. Its small supply of 14.2 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling.

Charts used courtesy of 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
TDG - NYSE Transdigm Group Inc AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services	$259.44	-0.21 -0.08%	$259.82	513,535 61.57% of 50 DAV 50 DAV is 834,000	$268.00 -3.19%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 6/16/2016 12:36:49 PM Y - Color code is changed to yellow after quietly retreating below its "max buy" level. Prior highs and its 50 DMA line define near-term support in the $242-244 area. >>> FEATURED STOCK ARTICLE : Getting Extended From Prior Base After More Volume-Driven Gains - 6/1/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CSFL - NASDAQ Centerstate Banks Inc Banks-Southeast	$14.95	-0.31 -2.03%	$15.40	259,360 161.60% of 50 DAV 50 DAV is 160,500	$16.59 -9.89%	5/27/2016	$15.80	PP = $16.69
								MB = $17.52
Most Recent Note - 6/16/2016 12:09:12 PM G - Color code was changed to green while sputtering below its 50 DMA line. Its 200 DMA line ($15.00) and prior lows define near-term support to watch. Prior notes cautioned - "Subsequent volume-driven gains for new highs are needed to trigger a proper technical buy signal before action may be justified under the fact-based investment system." >>> FEATURED STOCK ARTICLE : Forming Ideal Base and Fundamentals Are Favorable - 5/27/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
IESC - NASDAQ I E S Holdings Inc Bldg-Maintenance and Svc	$14.02	+0.23 1.67%	$14.18	60,093 103.61% of 50 DAV 50 DAV is 58,000	$15.64 -10.36%	6/6/2016	$15.19	PP = $15.74
								MB = $16.53
Most Recent Note - 6/15/2016 12:22:41 PM G - Still sputtering near its 50 DMA line after enduring distributional pressure. Prior notes cautioned members repeatedly - "Volume-driven gains above the pivot point are still needed to trigger a proper technical buy signal." >>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of New Highs - 6/6/2016 \| 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	$19.71	-0.28 -1.40%	$19.84	1,057,097 83.56% of 50 DAV 50 DAV is 1,265,000	$20.98 -6.05%	5/16/2016	$19.24	PP = $19.20
								MB = $20.16
Most Recent Note - 6/16/2016 12:27:41 PM Y - Pulling back below its "max buy" level and its color code is changed to yellow. Prior highs near $19 define initial support to watch above its 50 DMA line ($18.59). >>> FEATURED STOCK ARTICLE : Extended From Latest Base After Recently Wedging Higher - 6/2/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PATK - NASDAQ Patrick Industries Inc WHOLESALE - Building Materials Wholesale	$54.28	+0.92 1.72%	$55.94	306,939 245.55% of 50 DAV 50 DAV is 125,000	$54.15 0.24%	5/24/2016	$53.45	PP = $50.68
								MB = $53.21
Most Recent Note - 6/16/2016 5:03:50 PM G - Hit a new 52-week high with today's volume-driven gain. Prior highs define near term support in the $50 area, above its 50 DMA line ($49.33). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Extended From Base After Another Volume-Driven Gain - 6/16/2016 \| 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
NVEE - NASDAQ N V 5 Global Inc Comml Svcs-Consulting	$26.73	+0.05 0.19%	$26.76	62,531 56.85% of 50 DAV 50 DAV is 110,000	$30.21 -11.52%	4/19/2016	$28.20	PP = $28.10
								MB = $29.51
Most Recent Note - 6/16/2016 12:33:36 PM G - Color code is changed to green as it slumps below its 50 DMA line ($26.94) and below a multi-month upward trendline. Only a prompt rebound above the 50 DMA line would help its outlook improve. >>> FEATURED STOCK ARTICLE : Consolidating Near Highs After Completing New Public Offering - 5/31/2016 \| 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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