FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Friday, December 18th, 2015

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AFTER MARKET UPDATE - FRIDAY, DECEMBER 18TH, 2015

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Indices				NYSE			Nasdaq
DOW	-367.29	17,128.55	-2.10%	Volume	2,508,451,810	+169%	Volume	2,995,303,900	+73%
NASDAQ	-79.47	4,923.08	-1.59%	Advancers	1,070	35%	Advancers	1,103	36%
S&P 500	-36.37	2,005.52	-1.78%	Decliners	2,008	65%	Decliners	1,954	64%
Russell 2000	-14.34	1,121.02	-1.26%	52 Wk Highs	20		52 Wk Highs	29
S&P 600	-10.05	662.68	-1.49%	52 Wk Lows	222		52 Wk Lows	138

Major Averages Fell With Higher Volume Behind Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
For the week, the Dow slipped 0.8%, the S&P 500 fell 0.3% and the NASDAQ was off 0.2%. Following decent "follow-through" gains this week the major indices suffered their biggest 2-day slump in 3 months as stocks ended weak on Friday. The Dow fell 367 points to 17128. The S&P 500 was off 36 points to 2005 and the NASDAQ Composite finished 79 points lower to 4923. Volume was higher than the prior session totals on the NYSE and on the Nasdaq exchange, well above average amid the final quadruple witching option expiration of the year. Breadth was solidly negative as decliners led advancers by nearly a 2-1 margin on the NYSE and on the Nasdaq exchange. There were 10 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 25 on the prior session. There were losses for 9 of the 10 high-ranked companies currently on the Featured Stocks Page, a disproportionately negative bias versus that of the broader market. New 52-week lows totals swelled and solidly outnumbered new 52-week highs on the Nasdaq exchange and on the NYSE.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index has slumped back below its 50-day and 200-day moving average (DMA) lines.

The major indices have slumped below their respective 200 DMA lines while new leadership has been limited. Members were cautioned last week - "The lack of new leadership (stocks hitting new highs) coupled with deterioration in the major averages (M criteria) charts gives the current market environment the look of a more worrisome 'correction'. During weak markets the fact-based investment system prompts investors to reduce exposure by selling any faltering stocks."

The major averages sold off to cap their worst two-day slide in three months. On the economic front, Markit’s index for the service sector showed activity slowed, declining to 53.7 in December from 56.1 in the previous month. In Fed news, Richmond Fed President Jeffrey Lacker said in a speech this afternoon that the economy has stabilized and is in a good position going forward.

All 10 sectors in the S&P 500 traded lower on the session. Financial stocks led the losses, with particular underperformance in regional banks. Comerica (CMA -4.2%) and Regions Financial (RF -3.91%) was lower. In earnings news, Blackberry (BBRY +10.38%) jumped after topping consensus revenue forecasts while Carmax (KMX -6.40%) fell after missing analyst earnings estimates.

Treasuries were higher with the benchmark 10-year note adding 7/32 to yield 2.20%. In commodities, NYMEX WTI crude lost 0.8% to $34.66/barrel after toggling between gains and losses for much of the day. COMEX gold advanced 1.5% to $1066.20/ounce.

The Featured Stocks Page saw some new names recently added. 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 Homepagefor 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.

Gold & Silver Index Bucked Widespread Group Weakness
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX-1.39%) slumped and the Bank Index ($BKX-2.86%) and Broker/Dealer Index ($XBD -2.42%) also had a negative influence on the major averages. The Gold & Silver Index ($XAU +3.06%) rebounded and was a standout gainer on Frriday, but the Integrated Oil Index ($XOI -1.11%) and Oil Services Index ($OSX -2.86%) both tumbled. Rounding out the widely negative session the Networking Index ($NWX -1.37%), Semiconductor Index ($SOX -1.21%), and Biotechnology Index ($BTK -0.75%) ended unanimously lower.

Charts courtesy www.stockcharts.com

PICTURED: The Oil Services Index ($OSX -2.86%) ended the week slumping below its Aug-Sept lows.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	153.12	-4.51	-2.86%	-27.39%
Integrated Oil	$XOI	1,056.50	-11.91	-1.11%	-21.63%
Semiconductor	$SOX	653.72	-7.99	-1.21%	-4.83%
Networking	$NWX	370.23	-5.15	-1.37%	+3.43%
Broker/Dealer	$XBD	173.96	-4.32	-2.42%	-5.78%
Retail	$RLX	1,268.09	-17.87	-1.39%	+22.79%
Gold & Silver	$XAU	44.54	+1.33	+3.08%	-35.24%
Bank	$BKX	71.96	-2.12	-2.86%	-3.10%
Biotech	$BTK	3,694.15	-27.83	-0.75%	+7.42%

Consolidating Well Above 50-Day Moving Average Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Luxoft Holding Inc Cl A (LXFT -$1.55 or -2.02% to $75.27) has been consolidating near all-time highs. Disciplined investors avoid chasing extended stocks. Its 50-day moving average (DMA) line ($72.32) defines near-term support to watch on pullbacks. LXFT was last shown in this FSU section on 12/02/15 with an annotated graph under the headline, "Another Gain on Average Volume to a New High Close". It was first highlighted in yellow in the 5/26/15 mid-day report (read here).

Continuing its strong earning track record, it reported Sep '15 earnings +45% on +29% sales revenues and raised guidance. Earnings +36% on +32% sales revenues for the Jun '15 quarter, so it has a strong quarterly and annual earnings history (C and A criteria) matching the guidelines of the fact-based investment system. Sales revenues growth has been strong while it reported earnings +32%, +23%, +50%, and +28% in the Jun, Sep, Dec '14 and Mar '15 quarters versus the year ago periods.

The number of top-rated funds owning its shares rose from 185 in Jun '14 to 303 in Sep '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days. It has earned a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of only 30.6 million shares (S criteria) in the public float can contribute to greater price 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
SFNC - NASDAQ Simmons First Natl Cp A BANKING - Regional - Southeast Banks	$50.46	-2.30 -4.36%	$52.45	1,869,113 1,246.08% of 50 DAV 50 DAV is 150,000	$58.75 -14.11%	10/22/2015	$50.13	PP = $48.98
								MB = $51.43
Most Recent Note - 12/17/2015 5:26:38 PM G - Slumped below its 50 DMA line again raising concerns with higher volume behind today's loss. Damaging losses below the recent low ($50.77 on 12/14/15) would raise more serious concerns. >>> FEATURED STOCK ARTICLE : Extended From Prior Base and Pulling Back From High - 12/8/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
MANH - NASDAQ Manhattan Associates Inc COMPUTER SOFTWARE and SERVICES - Technical and System Software	$70.21	-1.51 -2.11%	$71.80	799,225 155.19% of 50 DAV 50 DAV is 515,000	$77.75 -9.70%	10/21/2015	$69.18	PP = $69.91
								MB = $73.41
Most Recent Note - 12/17/2015 5:23:27 PM G - Slumped and quietly closed below its 50 DMA line again today. Recent low ($69.85 on 12/11/15) defines near-term support where any damaging losses would raise more serious concerns. >>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs and 50-Day Moving Average - 12/9/2015 \| 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	$45.52	-1.43 -3.05%	$46.84	571,805 104.15% of 50 DAV 50 DAV is 549,000	$48.40 -5.95%	11/25/2015	$47.63	PP = $47.07
								MB = $49.42
Most Recent Note - 12/15/2015 4:50:54 PM Y - Still holding its ground stubbornly near all-time highs with volume totals cooling. Volume must be at least +40% above average behind gains above a stock's pivot point to trigger a proper technical buy signal. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Hovering Near Highs But Not Showing Fresh Signs of Accumulation - 12/15/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
JBSS - NASDAQ Sanfilippo John B & Son FOOD and BEVERAGE - Processed and Packaged Goods	$53.30	-0.40 -0.74%	$54.14	77,305 99.11% of 50 DAV 50 DAV is 78,000	$66.29 -19.60%	10/27/2015	$56.00	PP = $57.33
								MB = $60.20
Most Recent Note - 12/16/2015 5:41:25 PM G - Color code is changed to green after quiet losses undercut the recent low and triggered a technical sell signal while slumping. A rebound above the 50 DMA line is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Still Faltering Below 50-Day Moving Average Line - 12/17/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
STMP - NASDAQ Stamps.com Inc INTERNET - Internet Software and Services	$104.84	-1.48 -1.39%	$107.34	697,479 219.33% of 50 DAV 50 DAV is 318,000	$109.87 -4.58%	11/6/2015	$100.75	PP = $88.97
								MB = $93.42
Most Recent Note - 12/16/2015 12:38:50 PM G - Pulling back today following a considerable volume-driven gain for a new 52-week high. Prior highs in the $88 area define important near-term support to watch. Disciplined investors avoid chasing extended stocks. >>> FEATURED STOCK ARTICLE : Perched Near 52-Week High After More Bullish Action - 12/11/2015 \| 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
ULTI - NASDAQ Ultimate Software Group INTERNET - Internet Software and Services	$196.42	-1.86 -0.94%	$199.12	338,546 124.47% of 50 DAV 50 DAV is 272,000	$216.27 -9.18%	10/28/2015	$204.38	PP = $195.28
								MB = $205.04
Most Recent Note - 12/16/2015 5:44:12 PM Y - Rebounded above the 50 DMA line with today's volume-driven gain helping its outlook improve and its color code is changed to yellow. Subsequent deterioration below recent lows ($188) would raise greater concerns. >>> FEATURED STOCK ARTICLE : Volume Light But Slump Below 50-Day Average Raised Concerns - 12/4/2015 \| 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	$75.27	-1.55 -2.02%	$76.86	255,667 108.79% of 50 DAV 50 DAV is 235,000	$80.64 -6.66%	10/22/2015	$66.65	PP = $68.95
								MB = $72.40
Most Recent Note - 12/17/2015 5:29:29 PM G - Volume totals have been cooling while consolidating near all-time highs. Disciplined investors avoid chasing extended stocks. Its 50 DMA line ($72.13) defines near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Consolidating Well Above 50-Day Moving Average Line - 12/18/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PANW - NYSE Palo Alto Networks Computer Sftwr-Security	$182.89	-3.68 -1.97%	$188.07	1,907,969 116.34% of 50 DAV 50 DAV is 1,640,000	$200.55 -8.81%	12/14/2015	$179.20	PP = $200.65
								MB = $210.68
Most Recent Note - 12/14/2015 5:53:06 PM Y - Highlighted in yellow with new pivot point cited based on its 7/24/15 high plus 10 cents in the earlier mid-day report. Subsequent volume-driven gains for new highs may trigger a new technical buy signal. Reported strong sales revenues +133% and earnings +55% for the Oct '15 quarter, and fundamentals remain strong (C and A criteria). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of Highs Again - 12/14/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
VBTX - NASDAQ Veritex Holdings Inc BANKING - Regional - Southwest Banks	$16.91	+0.67 4.13%	$16.96	37,216 206.76% of 50 DAV 50 DAV is 18,000	$17.95 -5.79%	11/4/2015	$17.00	PP = $18.05
								MB = $18.95
Most Recent Note - 12/18/2015 5:34:21 PM Y - Rebounded above its 50 DMA line helping its outlook improve and its color code is changed to yellow. More convincing volume-driven gains for new highs are needed to signal that any serious institutional buying demand is lurking. >>> FEATURED STOCK ARTICLE : Finding Support Above 50-Day Moving Average Line - 12/10/2015 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NHTC - NASDAQ Natural Health Trends Cosmetics/Personal Care	$44.67	-0.11 -0.25%	$45.26	187,935 43.50% of 50 DAV 50 DAV is 432,000	$55.45 -19.44%	10/23/2015	$42.12	PP = $44.85
								MB = $47.09
Most Recent Note - 12/17/2015 5:28:23 PM G - Consolidating near its 50 DMA line, facing resistance due to overhead supply up through the $55 level. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Prior Resistance and 50-Day Moving Average Line Acting as Support - 12/16/2015 \| 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.

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