FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, December 31st, 2015

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AFTER MARKET UPDATE - THURSDAY, DECEMBER 31ST, 2015

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Indices				NYSE			Nasdaq
DOW	-178.84	17,425.03	-1.02%	Volume	734,666,540	+35%	Volume	1,315,855,950	+15%
NASDAQ	-58.44	5,007.41	-1.15%	Advancers	1,164	38%	Advancers	1,029	35%
S&P 500	-19.42	2,043.94	-0.94%	Decliners	1,879	62%	Decliners	1,930	65%
Russell 2000	-13.75	1,135.89	-1.20%	52 Wk Highs	35		52 Wk Highs	33
S&P 600	-9.04	671.74	-1.33%	52 Wk Lows	47		52 Wk Lows	77

Weakness Puts Dow Industrials and S&P 500 in Red for 2015
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks retreated on Thursday. The Dow was off 178 points to 17425. The S&P 500 fell 19 points to 2043. The NASDAQ lost 58 points at 5007. For the year, the Dow finished 2.2% lower, the S&P ebbed 0.7% and the NASDAQ outperformed with a 5.7% gain. Volume totals were up from the prior session on the NYSE and on the Nasdaq exchange, a sign of distributional pressure. Breadth was negative as decliners led advancers by a 3-2 margin on the NYSE and nearly 2-1 on the Nasdaq exchange. There were 7 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 26 on the prior session. There were losses for 7 of the 8 high-ranked companies currently on the Featured Stocks Page. New 52-week lows outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average ended the year slumping back below its 50-day and 200-day moving average (DMA) lines.

New leadership (stocks hitting new highs) has waned again. The major averages (M criteria) repaired recent damage but showed little conviction to maintain an uptrend. Stocks have sputtered, and while avoiding a deeper correction is somewhat encouraging, it will be critical for new leadership to emerge for the rally to continue in 2016.

Chesapeake Utilities Corp (CPK -5.81%), Bank of America (BAC -1.29%), and Apple (AAPL -1.92%) fell while the major averages faltered on the last trading session of the year. In economic news, initial jobless claims came in at 287,000 last week, well above the 267,000 predicted by analysts. Chicago Purchasing Manager data showed a 42.9 reading in December, considerably lower than Wall Street projections of 50. Finally, ISM Milwaukee data came in at 48.5, in line with expectations.

Nine out of ten sectors in the S&P 500 declined on Thursday. Tech stocks paced the descent while energy was the only sector to advance. Treasuries gained strength with benchmark 10-year notes adding 7/32 to yield 2.27%. In commodities, NYMEX WTI crude rebounded 1.4% to $37.10/barrel. COMEX gold finished flat at $1059.10/ounce. In FOREX, the dollar index capped a banner year with a 0.3% gain.

For the month, the Dow was off 1.7%, the S&P 500 tumbled 1.8% and the NASDAQ fell 2%. For the week, the Dow, S&P and NASDAQ all slipped around 0.8%.

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 Posted Small Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX-1.26%) fell and the Bank Index ($BKX-0.85%) and Broker/Dealer Index ($XBD -0.64%) also had a negative influence on the major averages. The Oil Services Index ($OSX +0.86%) rose while the Integrated Oil Index ($XOI +0.02%) finished flat. The Gold & Silver Index ($XAU +0.22%) inched higher. Rounding out the mostly negative session, the Biotechnology Index ($BTK -0.55%), Networking Index ($NWX -1.03%) and Semiconductor Index ($SOX -1.43%) ended unanimously lower.

Charts courtesy www.stockcharts.com

PICTURED: The Networking Index ($NWX -1.03%) is sputtering below its 200-day moving average (DMA) line again.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	157.73	+1.34	+0.86%	-25.20%
Integrated Oil	$XOI	1,072.71	+0.21	+0.02%	-20.43%
Semiconductor	$SOX	663.48	-9.60	-1.43%	-3.41%
Networking	$NWX	375.93	-2.75	-0.73%	+5.03%
Broker/Dealer	$XBD	178.09	-1.15	-0.64%	-3.55%
Retail	$RLX	1,283.47	-16.32	-1.26%	+24.28%
Gold & Silver	$XAU	45.30	+0.10	+0.22%	-34.14%
Bank	$BKX	73.08	-0.63	-0.85%	-1.59%
Biotech	$BTK	3,813.96	-21.11	-0.55%	+10.90%

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

Luxoft Holding Inc Cl A (LXFT -$2.01 or -2.54% to $$77.13) volume totals have still been cooling while consolidating near all-time highs. Disciplined investors avoid chasing extended stocks. Its 50 DMA line ($74.39) and prior lows define near-term support to watch on pullbacks. LXFT was last shown in this FSU section on 12/18/15 with an annotated graph under the headline, "Consolidating Well Above 50-Day Moving Average Line". 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 307 in Sep '15, a reassuring sign concerning the I criteria. Its current Up/Down Volume ratio of 1.8 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
X

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	$51.36	-1.10 -2.10%	$52.47	104,599 56.54% of 50 DAV 50 DAV is 185,000	$58.75 -12.58%	10/22/2015	$50.13	PP = $48.98
								MB = $51.43
Most Recent Note - 12/28/2015 6:27:02 PM G - Still sputtering below its 50 DMA line ($53.57). The longer it lingers below that important short-term average the worse its outlook gets. >>> 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	$66.17	-1.97 -2.89%	$68.41	730,438 142.11% of 50 DAV 50 DAV is 514,000	$77.75 -14.89%	10/21/2015	$69.18	PP = $69.91
								MB = $73.41
Most Recent Note - 12/31/2015 6:12:46 PM Failing to rebound after losses triggering a technical sell signal. A rebound above the 50 DMA line is needed for its outlook to improve. It will be dropped from the Featured Stocks list tonight. >>> 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	$44.21	-1.04 -2.30%	$45.06	317,378 74.68% of 50 DAV 50 DAV is 425,000	$48.40 -8.66%	11/25/2015	$47.63	PP = $47.07
								MB = $49.42
Most Recent Note - 12/30/2015 5:30:21 PM G - Sputtering near its 50 DMA line which acted as support after damaging losses on volume triggered a technical sell signal. 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. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Still Sputtering Near 50-Day Moving Average Line - 12/30/2015 \| 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	$109.61	-2.65 -2.36%	$111.82	284,786 83.27% of 50 DAV 50 DAV is 342,000	$114.26 -4.07%	11/6/2015	$100.75	PP = $88.97
								MB = $93.42
Most Recent Note - 12/28/2015 6:30:37 PM G - Perched near its 52-week high after volume-driven gains. Its 50 DMA line ($94.39) and recent lows define near-term support to watch. Disciplined investors avoid chasing extended stocks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Consolidation Was Brief Following Prior Breakaway Gap - 12/28/2015 \| 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	$195.51	-2.76 -1.39%	$198.99	177,453 69.05% of 50 DAV 50 DAV is 257,000	$216.27 -9.60%	10/28/2015	$204.38	PP = $195.28
								MB = $205.04
Most Recent Note - 12/28/2015 6:28:46 PM G - Still sputtering below its 50 DMA line, and a rebound above it is needed for its outlook to improve. Subsequent deterioration below recent lows ($188) would raise greater concerns. >>> 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	$77.13	-2.01 -2.54%	$78.66	155,233 65.78% of 50 DAV 50 DAV is 236,000	$80.64 -4.35%	10/22/2015	$66.65	PP = $68.95
								MB = $72.40
Most Recent Note - 12/31/2015 6:10:45 PM G - Volume totals have still been light while consolidating near all-time highs. Its 50 DMA line and prior lows define near-term support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Still Consolidating Above 50-Day Moving Average Line - 12/31/2015 \| 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	$176.14	-0.65 -0.37%	$177.60	977,201 60.40% of 50 DAV 50 DAV is 1,618,000	$200.55 -12.17%	12/14/2015	$179.20	PP = $200.65
								MB = $210.68
Most Recent Note - 12/29/2015 10:53:28 PM Y - Halted its slide at its 50 DMA line today after a streak of losses. Since featured in the 12/14/15 mid-day report it has not produced the volume-driven gains for new highs needed to trigger a new technical buy signal. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Halted Slide at 50-Day Moving Average - 12/29/2015 \| 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	$16.21	+0.12 0.75%	$17.02	16,559 87.15% of 50 DAV 50 DAV is 19,000	$17.95 -9.69%	11/4/2015	$17.00	PP = $18.05
								MB = $18.95
Most Recent Note - 12/28/2015 12:42:26 PM G - Recent lows and its 200 DMA line define important near-term support in the $15.50 area where subsequent violations would raise greater concerns. The 50 DMA line acted as resistance recently, and a rebound above that important short-term average is needed for its outlook to improve. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Acted as Resistance After 200 DMA Test - 12/24/2015 \| 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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