FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, OCTOBER 14TH, 2016

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Indices				NYSE			Nasdaq
DOW	+39.44	18,138.38	+0.22%	Volume	787,089,950	-8%	Volume	1,456,221,350	-8%
NASDAQ	+0.83	5,214.16	+0.02%	Advancers	1,498	51%	Advancers	1,435	49%
S&P 500	+0.43	2,132.98	+0.02%	Decliners	1,451	49%	Decliners	1,466	51%
Russell 2000	-3.34	1,212.41	-0.27%	52 Wk Highs	48		52 Wk Highs	33
S&P 600	-0.97	736.68	-0.13%	52 Wk Lows	21		52 Wk Lows	74

Indices Halted Slide But Fell For the Week
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

For the week, the Dow was down 0.6%, the S&P lost 0.8%, and the Nasdaq fell 1.5%. Stocks finished modestly higher on Friday. The Dow was up 39 points to 18138. The S&P 500 added less than a point to 2132 and the Nasdaq Composite gained 1 point to 5214. The reported volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange. Advancers and decliners were evenly mixed on the NYSE and on the Nasdaq exchange. There were 11 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 4 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE, but new 52-week lows outnumbered new 52-week highs on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index recently met resistance at its 50-day moving average (DMA) line then slumped near prior lows this week.

Recent deterioration in the charts of the major averages (M criteria) and evaporating leadership (fewer stocks hitting new highs) are signs that the uptrend is under pressure. The S&P 500 Index and the Dow Jones Industrial Average met resistance near their respective 50 DMA lines and abruptly retreated near prior lows. The Featured Stocks Page lists noteworthy high-ranked leaders.

The major averages advanced on the session amid commentary from Fed Chair Janet Yellen and an optimistic start to third-quarter earnings season. In prepared remarks, Yellen stated it’s useful to consider the benefits of a “high-pressure economy.” On the earnings front, 58% of the 34 companies in the S&P 500 reporting have topped revenue predictions, while 79% have exceeded profit projections. In economic news, retail sales rose 0.6% in September, in-line with expectations. In a separate report, producer prices ticked up 0.3% last month.

Six of 11 sectors in the S&P 500 finished in negative territory. Financials stocks outperformed with Citigroup (C +0.29%) inched higher as bond-trading revenue surged 35% year-over-year. JP Morgan (JPM -0.32%) inched lower despite the investment bank reporting double-digit gains in deposits and loans. In Tech, Advanced Micro Devices (AMD +4.01%) rose amid reports the company will collaborate with Alibaba (BABA -0.29%) to use chips in cloud service. Twitter (TWTR -5.12%) was a notable decliner with news Salesforce.com (CRM +5.15%) is no longer interested in bidding for the social media giant.

Treasuries finished lower with the benchmark 10-year note down 15/32 to yield 1.79%. In commodities, NYMEX WTI crude slipped 0.1% to $50.40/barrel. In FOREX, the Dollar Index gained 0.5%.

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 and Financial Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Broker/Dealer Index ($XBD +0.71%) and the Bank Index ($BKX +0.48%) both posted modest gains on Friday. The Retail Index ($RLX -0.30%) posted a small loss. The Gold & Silver Index ($XAU -1.89%) outpaced the Oil Services Index ($OSX -0.62%) and the Integrated Oil Index ($XOI -0.17%) to the downside. The Semiconductor Index ($SOX +0.79%) rose while the Networking Index ($NWX -0.10%) was little changed and the Biotechnology Index ($BTK -1.64%) slumped.

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU -1.89%) is sputtering near its 200-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	164.82	-1.02	-0.62%	+4.50%
Integrated Oil	$XOI	1,150.39	-2.01	-0.17%	+7.24%
Semiconductor	$SOX	809.39	+6.34	+0.79%	+21.99%
Networking	$NWX	388.05	-0.39	-0.10%	+3.22%
Broker/Dealer	$XBD	173.36	+1.22	+0.71%	-2.66%
Retail	$RLX	1,344.53	-4.04	-0.30%	+4.76%
Gold & Silver	$XAU	81.03	-1.56	-1.89%	+78.87%
Bank	$BKX	71.23	+0.34	+0.48%	-2.53%
Biotech	$BTK	3,032.78	-50.59	-1.64%	-20.48%

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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	$277.52	-1.15 -0.41%	$280.69	183,046 53.52% of 50 DAV 50 DAV is 342,000	$294.38 -5.73%	5/11/2016	$248.33	PP = $245.00
								MB = $257.25
Most Recent Note - 10/12/2016 5:07:57 PM G - Halted its slide with a small gain today. Violations of its 50 DMA line and prior low ($278.52 on 9/20/16) raised concerns and triggered worrisome technical sell signals. Only a prompt rebound would help its outlook improve. >>> 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
CSFL - NASDAQ Centerstate Banks Inc Banks-Southeast	$18.00	+0.07 0.39%	$18.30	179,667 115.17% of 50 DAV 50 DAV is 156,000	$18.40 -2.17%	10/10/2016	$18.20	PP = $18.37
								MB = $19.29
Most Recent Note - 10/13/2016 5:33:55 PM Y - Pulled back near its 50 DMA line with a loss on twice average volume. More damaging losses would trigger a technical sell signal. A convincing volume-driven gain above its pivot point may trigger a new technical buy signal. >>> FEATURED STOCK ARTICLE : Challenged 52-Week High With Another Volume-Driven Gain - 10/10/2016 \| 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	$15.24	-0.36 -2.31%	$15.81	65,815 82.27% of 50 DAV 50 DAV is 80,000	$18.16 -16.08%	7/26/2016	$15.79	PP = $15.74
								MB = $16.53
Most Recent Note - 10/14/2016 5:14:00 PM G - Violated its 50 DMA line on the prior session and fell further today raising concerns and triggering a technical sell signal. Prior low ($15.00 on 9/14/16) defines the next important near-term support level. Only a prompt rebound above the 50 DMA line would help its outlook improve. >>> 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	$261.37	-0.61 -0.23%	$272.58	1,662,122 139.91% of 50 DAV 50 DAV is 1,188,000	$270.93 -3.53%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 10/14/2016 12:26:48 PM G - Touched yet another new all-time high today but erased its early gain. Repeatedly noted - "Very extended from any sound base. Its 50 DMA line 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	$44.58	-0.10 -0.22%	$45.52	66,043 34.22% of 50 DAV 50 DAV is 193,000	$47.72 -6.58%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 10/11/2016 4:51:51 PM Y - Recent lows and its 50 DMA line ($43.82) define near term support to watch where violations would raise concerns. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. >>> 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
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
PATK - NASDAQ Patrick Industries Inc WHOLESALE - Building Materials Wholesale	$62.13	-0.43 -0.69%	$63.22	96,994 46.63% of 50 DAV 50 DAV is 208,000	$69.53 -10.64%	9/28/2016	$64.85	PP = $66.87
								MB = $70.21
Most Recent Note - 10/14/2016 5:11:59 PM Y - Volume totals have been cooling while consolidating near 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
SFBS - NASDAQ Servisfirst Bancshares BANKING - Regional - Southeast Banks	$52.96	+0.71 1.36%	$53.15	72,598 139.61% of 50 DAV 50 DAV is 52,000	$53.58 -1.16%	7/19/2016	$53.28	PP = $52.82
								MB = $55.46
Most Recent Note - 10/13/2016 5:36:26 PM G - Encountering distributional pressure with 3 consecutive losses on above average volume yet it remains above its 50 DMA line and perched within close striking distance of its 52-week high. Subsequent volume-driven gains for new highs would be a very reassuring sign of institutional buying demand. >>> 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	$56.18	-1.16 -2.02%	$57.79	146,215 83.08% of 50 DAV 50 DAV is 176,000	$61.87 -9.20%	8/5/2016	$51.72	PP = $56.08
								MB = $58.88
Most Recent Note - 10/14/2016 5:16:06 PM G - Violated its 50 DMA line on the prior session triggering a technical sell signal and slumped further today testing important support at its Sep '15 high in the $56 area.Only a prompt rebound above the 50 DMA line ($58.45) would help its outlook improve. >>> 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	$26.79	+0.35 1.32%	$27.09	627,078 58.28% of 50 DAV 50 DAV is 1,076,000	$28.72 -6.72%	10/4/2016	$27.36	PP = $28.70
								MB = $30.14
Most Recent Note - 10/12/2016 5:04:48 PM Y - Quietly consolidating above its 50 DMA line ($26.54) since highlighted in yellow with new pivot point cited based on its 9/01/16 high plus 10 cents. Members were repeatedly reminded in prior notes - "Volume-driven gains above the pivot point are still needed to trigger a convincing technical buy signal." >>> 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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