FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, October 5th, 2016

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AFTER MARKET UPDATE - WEDNESDAY, OCTOBER 5TH, 2016

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Indices				NYSE			Nasdaq
DOW	+112.58	18,281.03	+0.62%	Volume	962,198,580	+10%	Volume	1,614,029,340	+3%
NASDAQ	+26.36	5,316.02	+0.50%	Advancers	1,804	61%	Advancers	1,953	69%
S&P 500	+9.24	2,159.73	+0.43%	Decliners	1,162	39%	Decliners	889	31%
Russell 2000	+8.59	1,248.37	+0.69%	52 Wk Highs	114		52 Wk Highs	123
S&P 600	+4.71	755.37	+0.63%	52 Wk Lows	14		52 Wk Lows	29

Major Averages Rose With Higher Volume and Better Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished higher on Wednesday. The Dow was up 112 points to 18280. The S&P 500 added 9 points to 2159 and the Nasdaq Composite gained 26 points to 5316. The volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange, indicating an increase in buying demand from the institutional crowd. Advancers led decliners by 3-2 on the NYSE and more than 2-1 on the Nasdaq exchange. There were 34 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 25 on the prior session. New 52-week highs totals outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index is consolidating near its record high and well above its 50-day moving average (DMA) line.

The recent move into new high territory for the Nasdaq Composite Index was noted as a sign of technical strength in the market (M criteria) reassuring investors. The S&P 500 Index and the Dow Jones Industrial Average have still been sputtering below their 50 DMA lines. The Featured Stocks Page lists noteworthy high-ranked leaders.

The major averages advanced on the session as Energy and Financial shares rallied. On the data front, a report from ADP showed that 154,000 workers were added to private payrolls in September, below analyst estimates of 165,000. In a separate release, Markit’s survey of U.S. business activity expanded to 52.3 last month. Finally, the Institute for Supply Management reported U.S. services activity grew in September at the fastest pace in almost a year.

Seven of 11 sectors in the S&P 500 finished in positive territory. In earnings, Constellation Brands (STZ +1.66%) rose after quarterly revenue beat expectations driven by strong beer sales. Shares of Monsanto (MON +1.55%) rose as the seed maker’s profit topped analyst estimates. In M&A news, Endurance Specialty Holdings (ENH +4.42%) rose after agreeing to a $6.3 billion takeover bid from Japan's Sompo Holdings. Salesforce.com (CRM -5.80%) was a notable decliner amid concerns regarding a potential acquisition of Twitter (TWTR +5.74%).

Treasuries declined with the benchmark 10-year note down 7/32 to yield 1.71%. In commodities, NYMEX WTI crude climbed 2.1% to $49.74/barrel, after the EIA reported U.S. crude inventories decreased by 3 million barrels last week. In FOREX, the dollar gained against the yen for the seventh consecutive session.

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.

Energy, Financial, and Tech Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Broker/Dealer Index ($XBD +2.11%) and the Bank Index ($BKX +1.40%) both were solidly higher on Wednesday as the major averages rose. The Retail Index ($RLX +0.57%) posted a smaller gain. The Semiconductor Index ($SOX +0.77%), Networking Index ($NWX +1.24%), and the Biotechnology Index ($BTK +1.06%) ended unanimously higher. The Oil Services Index ($OSX +2.77%) and the Integrated Oil Index ($XOI +1.73%) both ended solidly higher while the Gold & Silver Index ($XAU +0.54%) posted a smaller gain.

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +2.11%) recently found support at its 50-day moving average (DMA) line and rose above recent highs with Wednesday's solid gain.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	165.75	+4.46	+2.77%	+5.08%
Integrated Oil	$XOI	1,166.34	+19.80	+1.73%	+8.73%
Semiconductor	$SOX	833.71	+6.37	+0.77%	+25.66%
Networking	$NWX	405.81	+4.95	+1.24%	+7.95%
Broker/Dealer	$XBD	177.18	+3.67	+2.11%	-0.51%
Retail	$RLX	1,361.44	+7.65	+0.57%	+6.07%
Gold & Silver	$XAU	83.88	+0.46	+0.55%	+85.17%
Bank	$BKX	72.79	+1.40	+1.96%	-0.30%
Biotech	$BTK	3,377.09	+35.57	+1.06%	-11.45%

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Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

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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	$283.80	+0.67 0.24%	$284.83	484,930 147.84% of 50 DAV 50 DAV is 328,000	$294.38 -3.59%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 10/5/2016 12:40:32 PM G - There was a "negative reversal" on the prior session after early gains challenging its prior high. More damaging losses undercutting the 50 DMA line ($284.68) or recent low ($278.52) would raise concerns and trigger technical sell signals. >>> FEATURED STOCK ARTICLE : Light Volume Behind Gains Wedging for New Highs - 9/7/2016 \| 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	$17.03	+0.29 1.73%	$17.28	38,790 45.10% of 50 DAV 50 DAV is 86,000	$18.16 -6.22%	7/26/2016	$15.79	PP = $15.74
								MB = $16.53
Most Recent Note - 10/4/2016 5:25:18 PM G - Retreated from its 52-week high toward its "max buy" level with 2 consecutive volume-driven losses. Recently found support at its 50 DMA line ($15.84). >>> FEATURED STOCK ARTICLE : Wedging Higher With Recent Gains Lacking Great Volume - 9/27/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NTES - NASDAQ Netease Inc Adr INTERNET - Internet Information Providers	$248.13	-0.47 -0.19%	$249.75	629,157 55.09% of 50 DAV 50 DAV is 1,142,000	$254.48 -2.50%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 10/5/2016 5:30:17 PM G - Volume totals have been cooling while still hovering near its all-time high, very extended from any sound base. Its 50 DMA line ($221) defines near-term support to watch. >>> FEATURED STOCK ARTICLE : Extended From Prior Base After +37% Rally Since Featured 6/29/16 - 9/21/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HTHT - NASDAQ China Lodging Group Ads LEISURE - Lodging	$46.36	+0.28 0.61%	$46.95	64,127 32.55% of 50 DAV 50 DAV is 197,000	$47.72 -2.85%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 10/4/2016 5:29:29 PM Y - Quietly holding its ground. New pivot point was recently cited based on its 8/29/16 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Recent lows and its 50 DMA line define near term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Possibly Forming New Base While Holding Ground Near Highs - 9/20/2016 \| 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	$62.51	-0.40 -0.64%	$63.46	82,353 37.95% of 50 DAV 50 DAV is 217,000	$69.53 -10.10%	9/28/2016	$64.85	PP = $66.87
								MB = $70.21
Most Recent Note - 10/5/2016 5:28:12 PM G - Consolidating near its 50 DMA line. A new pivot point was cited based on its 9/06/16 high, however volume-driven gains are still needed to trigger a new (or add-on) technical buy signal. >>> FEATURED STOCK ARTICLE : Found Support While Building on a New "Double Bottom" Base Pattern - 9/28/2016 \| 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
LGIH - NASDAQ L G I Homes Inc Bldg-Resident/Comml	$35.54	+0.33 0.94%	$36.31	358,501 69.08% of 50 DAV 50 DAV is 519,000	$40.47 -12.18%	8/29/2016	$37.08	PP = $36.44
								MB = $38.26
Most Recent Note - 10/4/2016 5:27:44 PM G - Color code is changed to green after violating its 50 DMA line ($35.81) today with a big loss on higher (near average) volume. Recent lows ($34.18 on 9/09/16) define important near-term support where further deterioration would raise greater concerns and trigger worrisome technical sell signals. >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Line Recently Acted as Support - 9/29/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SFBS - NASDAQ "ServisFirst Bancshares, Inc" BANKING - Regional - Southeast Banks	$52.14	+0.15 0.29%	$53.00	59,772 119.78% of 50 DAV 50 DAV is 49,900	$53.58 -2.69%	7/19/2016	$53.28	PP = $52.82
								MB = $55.46
Most Recent Note - 10/5/2016 5:29:27 PM G - Posted a small gain with higher volume today and it remains above its 50 DMA line. Subsequent volume-driven gains for new highs would be a very reassuring sign of institutional buying demand. Relative Strength Rating is currently 77, below the 80+ minimum guideline for buy candidates. >>> FEATURED STOCK ARTICLE : Relative Strength Rating is Under Guidelines While Perched Near Highs - 9/22/2016 \| 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	$60.67	+1.25 2.10%	$60.97	94,046 51.67% of 50 DAV 50 DAV is 182,000	$61.87 -1.94%	8/5/2016	$51.72	PP = $56.08
								MB = $58.88
Most Recent Note - 10/5/2016 5:31:45 PM G - Perched near its all-time high, stubbornly holding its ground, extended from any sound base. Its 50 DMA line ($57.58) defines important near-term support above its Sep '15 highs. >>> FEATURED STOCK ARTICLE : Stubbornly Holding Ground Near All-Time High - 9/12/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
OLLI - NASDAQ Ollie's Bargain Outlet Retail-DiscountandVariety	$27.09	-0.24 -0.88%	$27.44	7,536,651 800.07% of 50 DAV 50 DAV is 942,000	$28.72 -5.68%	10/4/2016	$27.36	PP = $28.70
								MB = $30.14
Most Recent Note - 10/5/2016 12:32:18 PM Y - Pulling back today after highlighted in yellow with new pivot point cited based on its 9/01/16 high plus 10 cents. Gapped up and was featured in the mid-day report on the prior session, rebounding well above its 50 DMA line with a considerable volume-driven gain on news it will replace Parkway Properties Inc. (PKY) in the S&P Small Cap 600 after the close on Wednesday, October 5th. Completed a Secondary Offerings on 6/06/16 and 2/18/16. Reported earnings +50% on +16% sales revenues for the Jul '16 quarter. Members were repeatedly reminded in prior notes - "Volume-driven gains above the pivot point are still needed to trigger a convincing technical buy signal." See the latest FSU analysis for additional details and an annotated graph. >>> FEATURED STOCK ARTICLE : Gapped Up on News Being Added to S&P 600 Small Cap Index - 10/4/2016 \| 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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