FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, October 14th, 2015

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AFTER MARKET UPDATE - WEDNESDAY, OCTOBER 14TH, 2015

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Indices				NYSE			Nasdaq
DOW	-157.14	16,924.75	-0.92%	Volume	862,870,810	+3%	Volume	1,742,038,210	+23%
NASDAQ	-13.76	4,782.85	-0.29%	Advancers	1,241	41%	Advancers	1,053	37%
S&P 500	-9.45	1,994.24	-0.47%	Decliners	1,819	59%	Decliners	1,788	63%
Russell 2000	-10.87	1,136.97	-0.95%	52 Wk Highs	19		52 Wk Highs	27
S&P 600	-7.52	672.80	-1.11%	52 Wk Lows	32		52 Wk Lows	52

Leaders Disproportionately Weak as Indices Faced More Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks retreated on Wednesday. The Dow declined 157 points to 16924. The S&P 500 was off 9 points to 1994. The NASDAQ lost 13 points to 4782. The volume totals were reported higher than the prior session totals on the NYSE and on the Nasdaq exchange, a sign of even more selling pressure from the institutional crowd. Breadth was negative as decliners led advancers by 3-2 on the NYSE and 9-5 on the Nasdaq exchange. Leadership abruptly contracted as there were 7 stocks that made it onto the BreakOuts Page, down from the prior session total of 37 high-ranked companies from the Leaders List that made a new 52-week high. New 52-week lows outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. There were losses for all 6 high-ranked companies currently on the Featured Stocks Page, a disproportionately negative bias versus the broader market.

Charts courtesy www.stockcharts.com

PICTURED: The Nasdaq Composite Index is meeting resistance at its 50-day moving average (DMA) line. It failed to rally above prior highs.

While pulling back on Wednesday, the S&P 500 Index and Dow Jones Industrial Average both remain above their respective 50 DMA lines. Solid follow-through gains for the major indices established a new confirmed uptrend (M criteria). However, all 3 major averages remain well below their 200-day moving average lines. Members have been repeatedly reminded in recent weeks 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". Additional recovery work must be done to get the indices back into healthy shape, and that improvement could require some considerable time and patience.

The major averages moved lower after Wal-Mart issued a release predicting a sharp drop in forward earnings. In economic news, a release out of China showed the biggest slump in producer prices since 2008. On our shores, the Federal Reserve’s Beige Book release showed modest growth in all 12 Fed districts. Separate releases showed retail sales numbers missed expectations while domestic PPI surprised to the upside.

Shares of Wal-Mart (WMT -10.04%) tumbled for the company’s worst daily performance in 15 years. Target (TGT -3.50%) fell in sympathy with the announcement. SanDisk (SNDK +11.22%) surged on news that the company has hired advisors for a possible sale. JPMorgan Chase & Co (JPM -2.53%) felll after missing earnings estimates while Bank of America (BAC +0.77%) rose after beating on the top and bottom line.

Eight of the ten sectors in the S&P 500 finished lower on the day. Consumer stocks lagged while energy and materials were the lone bright spots. Treasuries continued yesterday’s strength. The benchmark U.S. 10-year Treasury note finished 17/32 higher to yield 1.98%.

Commodities were mixed. WTI crude lost 0.1% to $46.22/barrel while COMEX gold added 1.2% to $1180.10/ounce. In FOREX, the dollar weakened against the yen and euro.

The number of stocks listed to the Featured Stocks Page waned during 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.

Commodity-Linked Groups and Semiconductors Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Gold & Silver Index ($XAU +6.88%) was a standout gainer as it blasted higher. The Oil Services Index ($OSX +1.54%) and the Integrated Oil Index ($XOI +0.99%) both tallied gains. The Retail Index ($RLX -1.18%) and financials had a negative influence on the major averages as the Bank Index ($BKX -1.62%) and Broker/Dealer Index ($XBD -1.26%) each ended lower. The Semiconductor Index ($SOX +3.761%) led the tech sector while the Biotechnology Index ($BTK -0.30%) and the Networking Index ($NWX -0.63%) both ended slightly lower.

Charts courtesy www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX +3.761%) rallied furter above its 50-day moving average (DMA) line and prior highs.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	181.32	+2.75	+1.54%	-14.01%
Integrated Oil	$XOI	1,196.72	+11.77	+0.99%	-11.23%
Semiconductor	$SOX	645.70	+23.42	+3.76%	-5.99%
Networking	$NWX	372.42	-2.36	-0.63%	+4.05%
Broker/Dealer	$XBD	164.87	-2.10	-1.26%	-10.71%
Retail	$RLX	1,209.85	-14.49	-1.18%	+17.15%
Gold & Silver	$XAU	57.78	+3.72	+6.88%	-15.99%
Bank	$BKX	69.31	-1.14	-1.62%	-6.67%
Biotech	$BTK	3,327.47	-10.13	-0.30%	-3.25%

Slumping Further After Recent Sell Signal Triggered
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Inogen Inc (INGN -$0.79 or -1.80% to $43.21) is still struggling and slumping further below its 50-day moving average (DMA) line after suffering damaging losses in recent weeks. A rebound above the 50 DMA line is needed for its outlook to improve. The 200 DMA line ($39.72) defines important near-term support where a violation would raise more serious concerns.

INGN was last shown in this FSU section on 10/01/15 with an annotated graph under the headline, "Met Resistance at 50-Day Moving Average Following Violation". It triggered a technical sell signal with big volume-driven losses undercutting its 50 DMA line and prior highs near $45.

Technically, it broke out with a gap up and considerable volume-driven gain when highlighted in yellow with pivot point cited based on its 6/23/15 high plus 10 cents in the 8/12/15 mid-day report (read here). It reported Jun '15 earnings +55% on 45% sales revenues, its 4th consecutive quarterly earnings increase above the +25% minimum guideline (C criteria). Sales revenues growth has been in the +43-49% range, a reassuring sign of increasing demand for its new products and services (N criteria).

The number of top-rated funds owning its shares rose from 114 in Sep '14 to 236 in Sep '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 accumulation over the past 50-days. Its small supply of only 13.4 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling.

Its limited history was previously noted as a concern, yet it is up considerably from its $16 IPO on 2/14/14 followed by a Secondary Offering on 10/30/14.

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	$99.13	-42.87 -30.19%	$133.60	5,877,767 1,842.56% of 50 DAV 50 DAV is 319,000	$143.92 -31.12%	6/10/2015	$101.47	PP = $97.78
								MB = $102.67
Most Recent Note - 10/14/2015 11:57:45 AM G - Gapped down today and then quickly violated its 50 DMA line with a damaging volume-driven loss triggering a technical sell signal. Wedged higher with gains lacking great volume conviction after repeatedly noted with caution - "The recent 'V' shaped consolidation over 10 weeks was not recognized as a sound base." >>> FEATURED STOCK ARTICLE : Rebounding Near Prior High After "V" Shaped Consolidation - 10/5/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HAWK - NASDAQ Blackhawk Network Inc DIVERSIFIED SERVICES - Business/Management Services	$41.21	-4.57 -9.98%	$44.57	2,848,334 583.68% of 50 DAV 50 DAV is 488,000	$46.97 -12.26%	10/9/2015	$45.82	PP = $46.23
								MB = $48.54
Most Recent Note - 10/14/2015 12:56:25 PM G - Gapped down today for a damaging volume-driven loss testing support at its 50 DMA line ($42.43) and its color code was changed to green. Did not produce a volume driven gain and strong close above the pivot to trigger a technical buy signal after highlighted in yellow in the 10/09/15 mid-day report. >>> FEATURED STOCK ARTICLE : Met Some Resistance After Touching a New 52-Week High - 10/9/2015 \| 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	$159.26	-4.59 -2.80%	$164.09	621,488 64.60% of 50 DAV 50 DAV is 962,000	$176.77 -9.91%	5/29/2015	$155.03	PP = $159.95
								MB = $167.95
Most Recent Note - 10/12/2015 5:55:18 PM G - Still quietly consolidating just above its 50 DMA line. 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 : Consolidating Above 50-Day Moving Average Line - 10/12/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
FLTX - NYSE Fleetmatics Group Plc Computer Sftwr-Enterprse	$53.34	-1.30 -2.38%	$55.33	520,320 138.38% of 50 DAV 50 DAV is 376,000	$56.60 -5.75%	9/23/2015	$51.26	PP = $52.55
								MB = $55.18
Most Recent Note - 10/13/2015 3:37:32 PM Y - Color code is changed to yellow after pulling back below its "max buy" level. Prior highs in the $52 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Holding Ground Following Volume-Driven Breakout - 10/8/2015 \| 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	$62.82	-1.37 -2.13%	$64.42	162,861 65.14% of 50 DAV 50 DAV is 250,000	$68.85 -8.76%	5/26/2015	$51.90	PP = $57.40
								MB = $60.27
Most Recent Note - 10/13/2015 3:38:59 PM G - Still consolidating above its 50 DMA line, perched within close striking distance of prior highs. Little resistance remains due to overhead supply however it has not formed a sound base. >>> FEATURED STOCK ARTICLE : Consolidating After Rebound Above 50-Day Moving Average - 10/13/2015 \| 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
INGN - NASDAQ Inogen Inc HEALTH SERVICES - Medical Instruments and Supplies	$43.21	-0.79 -1.80%	$44.86	214,454 65.78% of 50 DAV 50 DAV is 326,000	$55.98 -22.81%	8/12/2015	$49.01	PP = $45.85
								MB = $48.14
Most Recent Note - 10/14/2015 6:17:24 PM G - Slumped further below its 50 DMA line today. A rebound above the 50 DMA line is needed for its outlook to improve. The 200 DMA line defines important near-term support. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Slumping Further After Recent Sell Signal Triggered - 10/14/2015 \| 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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