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AFTER MARKET UPDATE - MONDAY, JUNE 20TH, 2016
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Indices NYSE Nasdaq
DOW  +129.71 17,804.87 +0.73% Volume 883,053,950 -58% Volume 1,642,350,220 -28%
NASDAQ +36.87 4,837.21 +0.77% Advancers 2,371 78% Advancers 2,207 75%
S&P 500 +12.03 2,083.25 +0.58% Decliners 687 22% Decliners 754 25%
Russell 2000 +13.00 1,157.70 +1.14% 52 Wk Highs 178   52 Wk Highs 73  
S&P 600 +8.56 710.04 +1.22% 52 Wk Lows 9   52 Wk Lows 39  

Leadership Improved as Major Indices Clawed Higher

Stocks finished firmly higher on Monday. The Dow surged 129 points to 17804. The S&P 500 gained 12 points to 2083 and the Nasdaq Composite added 36 points to 4837. The volume totals were lighter on the NYSE and on the Nasdaq exchange versus Friday's totals inflated by options expirations. Advancers led decliners by a 3-1 margin on the NYSE and on the Nasdaq exchange. Leadership improved as there were 37 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 16 on the prior session. New 52-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 is below its 50-day moving average (DMA) line, consolidating above its 200 DMA line and prior lows defining near-term support to watch.

With gains on Monday the S&P 500 Index and Dow Jones Industrial Average both managed to claw above their 50 DMA lines, respectively. The market's confirmed uptrend (M criteria) endured pressure, however, leadership recently improved and new stocks were listed on thFeatured Stocks Page as noteworthy buy candidates.

The major averages rallied from last week’s decline as the pound surged to its highest level since 2008 amid easing “Brexit” concerns. Bloomberg data is now assigning a 28% chance that the U.K. votes to leave the European Union in the June 23 referendum, down from 44% last Thursday. The broad Euro STOXX 600 advanced 3.7% with U.K.’s FTSE 100 up 3.1%, its biggest gain since August 2015.

Nine of 10 sectors in the S&P 500 finished the session in positive territory. Industrials paced the gains while Utilities declined. Delphi Automotive (DLPH +4.86%) after being the subject of positive analyst commentary. In M&A news, Marathon Oil (MRO +10.03%) as the natural gas producer agreed to acquire PayRock Energy Holdings LLC for $888 million. Cigna (CI -1.28%) was a notable decliner on reports that the $44 billion merger with Anthem (ANTM +0.29%) has raised antitrust concerns with U.S. regulators.

Treasuries declined with the benchmark 10-year note down 18/32 to yield 1.67%. In commodities, NYMEX WTI crude gained 2.6% to $49.22/barrel. COMEX gold slipped 0.2% to $1290.00/ounce. In FOREX, the British pound jumped over 2% against the dollar.


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, Financial, Tech and Commodity-Linked Indices Rose

The Retail Index ($RLX +0.85%) rose and the Broker/Dealer Index ($XBD +1.45%) and the Bank Index ($BKX +0.60%) were higher on Monday, boosting the major averagesThe Biotechnology Index ($BTK +1.31%) and Semiconductor Index ($SOX +1.16%) posted solid gains and the Networking Index ($NWX +0.15%) edged higher. The Gold & Silver Index ($XAU +0.75%) and Integrated Oil Index ($XOI +1.49%) both rose but the Oil Services Index ($OSX -0.15%) sputtered.

Charts courtesy www.stockcharts.com

PICTURED: The  Gold & Silver Index ($XAU +0.75%) found support near its 50-day moving average (DMA) line during its consolidation.

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  169.49 -0.25 -0.15% +7.46%
Integrated Oil $XOI  1,131.37 +16.61 +1.49% +5.47%
Semiconductor $SOX  697.08 +7.99 +1.16% +5.06%
Networking $NWX  371.64 +0.57 +0.15% -1.14%
Broker/Dealer $XBD  158.09 +2.26 +1.45% -11.23%
Retail $RLX  1,283.48 +10.83 +0.85% +0.00%
Gold & Silver $XAU  91.02 +0.68 +0.75% +100.93%
Bank $BKX  66.44 +0.40 +0.61% -9.09%
Biotech $BTK  3,048.08 +39.28 +1.31% -20.08%


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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
TDG - NYSE
Transdigm Group Inc
AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services  
$261.47 +2.01
0.77%

$263.37

418,912
49.58% of 50 DAV
50 DAV is 845,000
$268.00
-2.44%
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 
IESC - NASDAQ
I E S Holdings Inc
Bldg-Maintenance and Svc  
$12.68 -0.61
-4.59%

$13.48

100,766
170.79% of 50 DAV
50 DAV is 59,000
$15.64
-18.93%
6/6/2016 $15.19 PP = $15.74
MB = $16.53
Most Recent Note - 6/20/2016 3:59:27 PM
G - Slumping further below its 50 DMA line ($13.88) enduring distributional pressure. Only a prompt rebound would help its outlook improve. 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  
$19.21 -0.03
-0.16%

$19.71

733,380
58.34% of 50 DAV
50 DAV is 1,257,000
$20.98
-8.43%
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  
$55.59 +1.63
3.02%

$55.99

147,488
114.33% of 50 DAV
50 DAV is 129,000
$55.94
-0.63%
5/24/2016 $53.45 PP = $50.68
MB = $53.21
Most Recent Note - 6/20/2016 4:00:40 PM
G - Touched another new 52-week high today. Prior highs define near term support in the $50 area, above its 50 DMA line ($49.69).
>>> 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 
NVEE - NASDAQ
N V 5 Global Inc
Comml Svcs-Consulting  
$27.75 +0.33
1.20%

$28.29

52,213
47.04% of 50 DAV
50 DAV is 111,000
$30.21
-8.14%
4/19/2016 $28.20 PP = $28.10
MB = $29.51
Most Recent Note - 6/17/2016 4:49:40 PM
Y - Color code is changed to yellow after a prompt rebound above the 50 DMA line ($26.98) helped its outlook improve. Recent lows define the next important support to watch.
>>> 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 
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

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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