FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, December 23rd, 2015

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AFTER MARKET UPDATE - WEDNESDAY, DECEMBER 23RD, 2015

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Indices				NYSE			Nasdaq
DOW	+185.34	17,602.61	+1.06%	Volume	820,638,760	-1%	Volume	1,458,020,800	+3%
NASDAQ	+44.82	5,045.93	+0.90%	Advancers	2,679	86%	Advancers	2,105	72%
S&P 500	+25.32	2,064.29	+1.24%	Decliners	431	14%	Decliners	818	28%
Russell 2000	+15.13	1,152.82	+1.33%	52 Wk Highs	47		52 Wk Highs	42
S&P 600	+8.04	681.89	+1.19%	52 Wk Lows	16		52 Wk Lows	62

Recent Santa Rally Continues for Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The "Santa rally" in stocks continued on Wednesday. The Dow was up 185 points to 17602. The S&P 500 climbed 25 points to 2064. The NASDAQ added 44 points to 5045. Volume was lighter than the prior session total on the NYSE and slightly higher on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 6-1 margin on the NYSE and by nearly 3-1 the Nasdaq exchange. There were 19 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, up from 8 on the prior session. There were gains for 4 of the 9 high-ranked companies currently on the Featured Stocks Page. New 52-week lows outnumbered new 52-week highs on the Nasdaq exchange again, however, new 52-week highs outnumbered a shrinking list of new 52-week lows on the NYSE.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index quietly rebounded above its 50 and 200 DMA lines with 3 consecutive gains and ended -3.6% off its record high.

New leadership (stocks hitting new highs) has been thin while the major averages (M criteria) have avoided a deeper correction and sputtered to start a new rally.

The major averages advanced for a third-straight session amid a flurry of updates on the economy. New home sales increased by 4.3% in November, well above analyst expectations of a 2% increase. Personal income rose 0.3%, slightly above the consensus estimate of 0.2%. Durable goods orders were unchanged from October versus a projected 0.6% decline. Lastly, the final November reading on consumer sentiment by the University of Michigan was revised up to 92.6 from a previously reported 91.8.

Shares of Celgene (CELG surged +9.8%) surged after announcing a patent settlement over its top selling drug Revlimid. In earnings, Micron (MU -2.2%) fell on meaningfully lower forward guidance. Despite topping quarterly profit expectations for the 14th-straight quarter, Nike (NKE -2.4%) was lower after revenue came up short of analyst projections.

All ten sectors in the S&P 500 finished in the green on Wednesday with energy shares spiking 4.2% to pace the gains. Treasuries declined for a second day with the benchmark 10-year note off 6/32 to yield 2.26%. In commodities, NYMEX WTI crude continued yesterday’s gains, climbing 4.8% to $37.88/barrel after the EIA reported the sharpest drop in U.S. crude inventories since June.

The Featured Stocks Page includes most current notes with headline links for 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 Led Broad-Based Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Oil Services Index ($OSX +4.22%) and the Integrated Oil Index ($XOI +4.37%) both finished considerably higher and the Gold & Silver Index ($XAU +2.99%) also rallied back from recent lows. The Retail Index ($RLX+0.63%) edged higher and the Bank Index ($BKX+1.49%) and Broker/Dealer Index ($XBD +1.02%) also had a positive influence on the major averages on Wednesday's session. Rounding out the widely positive session the Biotechnology Index ($BTK +1.30%), Networking Index ($NWX +0.92%) and the Semiconductor Index ($SOX +0.70%) ended unanimously higher.

Charts courtesy www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX +0.70%) tallied 3 consecutive gains and rebounded just above its 50-day and 200-day moving average (DMA) lines and above prior lows defining additional near-term support.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	164.65	+6.67	+4.22%	-21.92%
Integrated Oil	$XOI	1,114.87	+46.72	+4.37%	-17.30%
Semiconductor	$SOX	671.78	+4.67	+0.70%	-2.20%
Networking	$NWX	378.16	+3.46	+0.92%	+5.65%
Broker/Dealer	$XBD	179.06	+1.81	+1.02%	-3.02%
Retail	$RLX	1,285.32	+8.03	+0.63%	+24.46%
Gold & Silver	$XAU	46.71	+1.35	+2.98%	-32.09%
Bank	$BKX	74.15	+1.09	+1.49%	-0.15%
Biotech	$BTK	3,794.25	+48.53	+1.30%	+10.33%

Falters and Slumps Into Prior Base Raising Concerns
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Manhattan Associates Inc (MANH +$0.17 or +0.25% to $69.28) met resistance at its 50-day moving average (DMA) line and slumped below the recent low ($69.85 on 12/11/15) and back into the previous base. The weak action raised more serious concerns and triggered a technical sell signal. It suffered the damage after last shown in this FSU section on 12/09/15 with an annotated graph under then headline, "Consolidating Above Prior Highs and 50-Day Moving Average". MANH was highlighted in yellow with pivot point cited based on its 7/23/15 high plus 10 cents in the 10/21/15 mid-day report (read here).

It reported earnings +31% on +13% sales revenues for the Sep '15 quarter, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Earnings were +25%, +31%, +28%, and +31% in the Dec '14, Mar, Jun, and Sep '15 quarters, respectively, versus the year ago periods. Sales revenues rose +21%, +18%, +14%, and +13% during that same span. Following a downturn in its FY '09 earnings (A criteria) it has shown strong earnings growth.

The Computer Software group has shown a good leadership (L criteria). MANH has a 98 Earnings Per Share (EPS) rating. Its Relative Strength line recently rallied to new highs ahead of the shares' move into new high territory, a reassuring sign. It has a small supply of 73.1 million shares (S criteria) outstanding, which can contribute to volatility in the event of institutional buying or selling. The number of top-rated funds owning its share rose from 422 in Dec '14 to 529 in Sep '15, a reassuring sign concerning the I criteria.

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	$51.59	-0.17 -0.33%	$52.05	84,922 45.66% of 50 DAV 50 DAV is 186,000	$58.75 -12.19%	10/22/2015	$50.13	PP = $48.98
								MB = $51.43
Most Recent Note - 12/22/2015 5:41:38 PM G - Slump below its 50 DMA line and recent low with heavy volume raised more serious concerns. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Slide Below Prior Lows and 50-Day Average Raised More Serious Concerns - 12/22/2015 \| 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	$69.28	+0.17 0.25%	$69.98	339,528 64.06% of 50 DAV 50 DAV is 530,000	$77.75 -10.89%	10/21/2015	$69.18	PP = $69.91
								MB = $73.41
Most Recent Note - 12/23/2015 6:47:46 PM G - Latest slump below its 50 DMA line and below recent low ($69.85 on 12/11/15) raised more serious concerns and triggered a technical sell signal. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Falters and Slumps Into Prior Base Raising Concerns - 12/23/2015 \| 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	$45.14	-0.09 -0.20%	$45.50	270,022 50.95% of 50 DAV 50 DAV is 530,000	$48.40 -6.74%	11/25/2015	$47.63	PP = $47.07
								MB = $49.42
Most Recent Note - 12/21/2015 12:32:58 PM G - Violating its 50 DMA line with a big loss today raising concerns and triggering a technical sell signal and its color code is changed to green. Disciplined investors will note that a proper buy signal was not triggered since first featured in yellow in the 11/25/15 mid-day report. >>> 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
STMP - NASDAQ Stamps.com Inc INTERNET - Internet Software and Services	$111.90	+2.02 1.84%	$113.08	576,688 175.29% of 50 DAV 50 DAV is 329,000	$109.91 1.81%	11/6/2015	$100.75	PP = $88.97
								MB = $93.42
Most Recent Note - 12/23/2015 1:03:26 PM G - Hitting yet another new high with today's 2nd consecutive volume-driven gain. Its 50 DMA line ($92.84) and recent lows define 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
ULTI - NASDAQ Ultimate Software Group INTERNET - Internet Software and Services	$193.02	-2.67 -1.36%	$198.43	181,959 68.41% of 50 DAV 50 DAV is 266,000	$216.27 -10.75%	10/28/2015	$204.38	PP = $195.28
								MB = $205.04
Most Recent Note - 12/21/2015 5:23:16 PM G - Slumped back below its 50 DMA line raising concerns again and its color code was changed to green. Subsequent deterioration below recent lows ($188) would raise greater concerns. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Slumped Back Below 50-Day Moving Average Line Raising Concerns - 12/21/2015 \| 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
LXFT - NYSE Luxoft Holding Inc Cl A Comp Sftwr-Spec Enterprs	$78.36	+0.15 0.19%	$78.70	132,635 55.50% of 50 DAV 50 DAV is 239,000	$80.64 -2.83%	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	$181.30	-0.35 -0.19%	$183.00	913,604 55.47% of 50 DAV 50 DAV is 1,647,000	$200.55 -9.60%	12/14/2015	$179.20	PP = $200.65
								MB = $210.68
Most Recent Note - 12/21/2015 3:44:14 PM Y - Encountered distributional pressure since highlighted in yellow with new pivot point cited based on its 7/24/15 high plus 10 cents in the 12/14/15 mid-day report. Subsequent volume-driven gains for new highs may trigger a new technical buy signal. >>> 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	$15.99	-0.21 -1.30%	$16.20	7,580 39.89% of 50 DAV 50 DAV is 19,000	$17.95 -10.92%	11/4/2015	$17.00	PP = $18.05
								MB = $18.95
Most Recent Note - 12/22/2015 12:50:18 PM G - Met resistance at its 50 DMA line when rebounding. Recent lows and its 200 DMA line define important near-term support in the $15.50 area where subsequent violations would raise greater concerns. A rebound above the 50 DMA line is needed for its outlook to improve. >>> 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	$46.91	+0.05 0.11%	$47.46	131,448 30.93% of 50 DAV 50 DAV is 425,000	$55.45 -15.40%	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

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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