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AFTER MARKET UPDATE - MONDAY, SEPTEMBER 14TH, 2015
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Indices NYSE Nasdaq
DOW  -62.13 16,370.96 -0.38% Volume 765,278,340 -6% Volume 1,356,357,390 -13%
NASDAQ -16.58 4,805.76 -0.34% Advancers 980 32% Advancers 1,072 38%
S&P 500 -8.02 1,953.03 -0.41% Decliners 2,048 68% Decliners 1,744 62%
Russell 2000 -4.29 1,153.50 -0.37% 52 Wk Highs 15   52 Wk Highs 39  
S&P 600 -2.40 667.97 -0.36% 52 Wk Lows 112   52 Wk Lows 67  

Major Averages Fell With Lighter Volume Totals

Stocks moved lower on Monday. The Dow was off 62 points to 16370. The S&P 500 declined 8 points to 1953. The NASDAQ lost 16 points to 4805. The volume totals were reported lighter than the prior session totals on the NYSE and on the Nasdaq exchange, revealing a lack of conviction from the institutional crowd. Breadth was negative as decliners led advancers by a 2-1 margin on the NYSE and an 8-5 margin on the Nasdaq exchange. Leadership improved as 14 stocks made it onto the BreakOuts Page, up from 11 high-ranked companies from the Leaders List that made a new 52-week high on the prior session. There were gains for 2 of the 5 high-ranked companies currently on the Featured Stocks Page. The total number of new 52-week lows outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange.
Charts courtesy www.stockcharts.com
PICTURED: The Dow Jones Industrial Average fell on Monday. Its MACD indicator has recently turned bullish. Last Tuesday's follow-through day marked the beginning of a new "confirmed rally". Repeatedly, members have been reminded that at least 2 of the 3 major indices should be trading above their respective 200-day moving average (DMA) lines in order for a market environment to be considered technically "healthy". A lot of recovery work must be done to get the indices back into healthy shape, and that improvement could require some considerable time and patience.

New buying efforts may only be considered in stocks meeting all key criteria of the fact-based investment system. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price.

The major averages retreated ahead of the highly anticipated FOMC meeting later this week. Fed members will decide on Wednesday and Thursday whether or not to raise interest rates for the first time since 2006. As of this morning, 46% of economists surveyed believe the Fed will hike rates while futures show that traders are only pricing in a 25% probability.

Nine of ten sectors in the S&P 500 declined on the day. Materials and energy stocks lagged once again while the utilities sector was the lone gainer.

In corporate news, Apple (AAPL +1.0%) rose after the tech giant announced that iPhone 6 sales are on pace to surpass last year’s record haul. M&A was back in the play as Solera Holdings (SLH +8.5%) rose after receiving a $6.5 billion buyout offer from Vista Equity Partners.

Treasuries lost momentum as the session went on. The benchmark U.S. 10-year note gained 03/32 to yield 2.174% while the 30-year bond only advanced 1/32 to yield 2.95%.

Commodities were mixed. WTI crude slipped 1.2% to $44.10/barrel. COMEX gold was up 4.2% to $1107.50/ounce. In FOREX, the dollar index was little changed as the greenback gained on the Euro but ebbed against the yen.

The number of stocks currently listed to the Featured Stocks Page has waned based on deteriorating market conditions. The most current notes with headline links help members have access to more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports.


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.


Semiconductor Index Posted Small Gain While Most Groups Fell

The Retail Index ($RLX -0.36%) and the Broker/Dealer Index ($XBD -0.86%) both fell on Monday and the Bank Index ($BKX +0.07%) finished flat. The tech sector was mixed as the Semiconductor Index ($SOX +0.30%) inched higher, but the Biotechnology Index ($BTK -0.08%and the Networking Index ($NWX -0.17%) both suffered small losses. Commodity-linked groups were the weakest as the Gold & Silver Index ($XAU -1.69%) ended lower and the Oil Services Index ($OSX -0.91%) and the Integrated Oil Index ($XOI -1.19%) both sank.

Charts courtesy www.stockcharts.com

    
 

PICTURED: The Biotechnology Index ($BTK -0.08%rebounded above its 200-day moving average (DMA) line after undercutting its prior lows. It faces near-term resistance at its 50 DMA line.

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  169.09 -1.55 -0.91% -19.81%
Integrated Oil $XOI  1,073.47 -12.88 -1.19% -20.37%
Semiconductor $SOX  617.67 +1.86 +0.30% -10.07%
Networking $NWX  365.04 -0.62 -0.17% +1.98%
Broker/Dealer $XBD  171.63 -1.48 -0.86% -7.04%
Retail $RLX  1,183.17 -10.86 -0.91% +14.57%
Gold & Silver $XAU  44.27 -0.76 -1.69% -35.64%
Bank $BKX  71.48 +0.07 +0.10% -3.74%
Biotech $BTK  3,950.10 -3.29 -0.08% +14.86%


Found Support Above 50-Day Moving Average

A M N Healthcare Svcs (AHS -$0.24 or -0.68% to $34.98) is perched within striking distance of its 52-week high, consolidating above its 50-day moving average (DMA) line and prior highs defining important near term support. AHS was last shown in this FSU section on 9/04/15 with an annotated graph under the headline, " Finding Support Above 50-Day Average and Prior Highs". Damaging losses would raise greater concerns, especially if slumping to a close back in the prior base. 
 
AHS was highlighted in yellow with new pivot point based on its 7/01/15 high plus 10 cents in the 8/05/15 mid-day report (read here). It reported earnings +80% on +40% sales revenues for the Jun '15 quarter, its 3rd consecutive quarterly comparison with earnings above the 25% minimum guideline (C criteria), helping it better match the fact-based investment system's winning models. Sequentially, its quarterly comparisons have shown encouraging acceleration as earnings rose +35%, +67%, and +81% on the Dec '14, Mar and Jun '15 periods, respectively.  Sales revenues rose +12%, +36%, and +40% over that same span. 

The number of top-rated funds owning its shares rose from 282 in Sep '14 to 339 in Jun '15, a reassuring sign concerning the I criteria.  Its current Up/Down Volume Ratio of 1.1 is an unbiased indication its shares have been under slight accumulation over the past 50  days. It currently has a Timeliness Rating of A and a Sponsorship Rating of B. Its small supply of only 47.7 million shares outstanding (S criteria) can contribute to greater volatility in the event of institutional buying or selling.

Charts courtesy 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
BOFI - NASDAQ
B O F I Holding Inc
BANKING - Savings andamp; Loans  
$121.90 +1.87
1.56%

$122.33

247,402
82.19% of 50 DAV
50 DAV is 301,000
$134.79
-9.56%
6/10/2015 $101.47 PP = $97.78
MB = $102.67
Most Recent Note - 9/14/2015 5:37:59 PM
G - Quietly rebounded above its 50 DMA line helping its outlook to improve, however it has not formed a sound base.
>>> FEATURED STOCK ARTICLE : Quiet Gain to Finish Above 50 Day Moving Average - 9/11/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
AHS - NYSE
A M N Healthcare Svcs
DIVERSIFIED SERVICES - Staffing and Outsourcing Service  
$34.98 -0.24
-0.68%

$35.54

544,194
74.34% of 50 DAV
50 DAV is 732,000
$37.25
-6.09%
8/5/2015 $34.50 PP = $32.53
MB = $34.16
Most Recent Note - 9/14/2015 5:36:27 PM
G - Still perched within striking distance of its 52-week high, consolidating above its 50 DMA line and prior highs defining important near term support. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Found Support Above 50-Day Moving Average - 9/14/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
ULTA - NASDAQ
Ulta Salon Cosm & Frag
SPECIALTY RETAIL - Specialty Retail, Other  
$163.00 -2.06
-1.25%

$165.72

658,706
69.05% of 50 DAV
50 DAV is 954,000
$176.77
-7.79%
5/29/2015 $155.03 PP = $159.95
MB = $167.95
Most Recent Note - 9/10/2015 6:37:50 PM
G - Trading near its 50 DMA line, however it has not formed a sound base following the deep shakeout on 8/24/15. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Rebound Near 50-Day Moving Average Following Deep Shakeout - 9/10/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
LXFT - NYSE
Luxoft Holding Inc Cl A
Comp Sftwr-Spec Enterprs  
$65.03 -1.19
-1.80%

$66.76

189,571
72.91% of 50 DAV
50 DAV is 260,000
$68.16
-4.59%
5/26/2015 $51.90 PP = $57.40
MB = $60.27
Most Recent Note - 9/10/2015 12:23:27 PM
G - Challenging its 52-week high with today's 3rd consecutive gain. It has not formed a sound base yet found prompt support after violating its 50 DMA line.
>>> FEATURED STOCK ARTICLE : Approaching Highs With Solid Gain on Higher Volume - 9/8/2015
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
INGN - NASDAQ
Inogen Inc
HEALTH SERVICES - Medical Instruments and Supplies  
$54.70 +0.12
0.22%

$55.98

481,346
183.72% of 50 DAV
50 DAV is 262,000
$54.71
-0.02%
8/12/2015 $49.01 PP = $45.85
MB = $48.14
Most Recent Note - 9/14/2015 12:25:50 PM
G - Hitting yet another new high with higher volume behind today's 5th gain, getting more extended from its prior base. Its 50 DMA line and prior highs define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Further Volume-Driven Gains Into New High Territory - 9/9/2015
 |  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.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time.  Questions or comments may be submitted by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307 or 954-785-1121.

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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