Hello everybody. Did Thursday's market action scare you? I get it. The selling pushed the indices to the brink. Like we told you yesterday though, this party isn't over yet. Stocks need to have a truly harrowing moment to prove whether or not the bulls are going to stand their ground. Even after today's setback we still haven't reached that inflection point. We are close, however. We'll weigh it all below -- as we always do -- but there's something more pressing we need to get to first. One of our Focus Stocks made a real recruiting coup, and it may light a fire under the stock; the company is already doing everything it's supposed to do. Staffing 360 Solutions Hires an All-Star Remember Staffing 360 Solutions (STAF)? This up-and-coming company has been on our radar since the middle of 2014, and we've literally watched it grow up. For perspective, the first quarterly report we saw for STAF back in May of 2015 boasted a top line of $16.9 million. The most recent quarterly report from Staffing 360 Solutions in January was sporting a top line of $41.3 million. Better yet, gross profits have continued to widen that whole time, and last quarter, EBITDA turned positive. STAF just needs to keep doing what it's been doing -- acquiring the right companies -- and it's sooner than later going to swing to a GAAP profit. I can see the stock making bullish progress en route to that endzone in the meantime. The $64,000 question: How has Staffing 360 Solutions done so well in so little time? I noted it was in acquisition mode, but I don't think that's the secret to the company's monster-sized growth. STAF is simply in the right place at the right time with the right product.... cybersecurity staffing. The idea's been pretty well covered at the website, so rather than dwell on it here, I'll just say the world is moving beyond firewalls and antivirus software. It has to, because hackers are getting so incredibly smart. Indeed, even cybersecurity companies like FireEye (FEYE) and Palo Alto Networks (PANW) are nearing the point of being obsolete. The new weapon in the war against cybercrime? People.... people who can act, adapt, and create customized cybersecurity solutions in real-time. Staffing 360 Solutions provides those people. Simply put, STAF is an IT staffing agency that specializes in cybersecurity personnel. As for today's news, the company has hired a new CFO... David Faiman. If the name rings a bell that may be because he was Vice President of Financial Planning & Analysis as well as Chief Accounting Officer of Novitex Enterprise Solutions. Prior to that, Faiman was the Chief Financial Officer for Cengage Learning. Before that, he was at PricewaterhouseCoopers LLP, working in its Assurance and Business Advisory unit. In other words, he's got the chops - 20 years worth. On the surface it may not seem like a CFO is a huge deal. I'm telling you though, it can be, and David Faiman seems to be the kind of guy who can take the proverbial ball and run with it. And the impact of the right CFO can't by understated. As proof of the premise, one only has to look at what Alphabet (GOOGL) CFO Ruth Porat has done to help the company in just the ten months she's held the post. As cool as Alphabet - the company formerly known as Google - was and still is, Larry Page, Sundar Pichai, and their fellow management team were running around like kids in a candy shop. Porat has arguably injected fiscal restraint and intelligent spending back into the mix, and it's mattered -- Alphabet is starting to grow the bottom line in a big way again, and starting to beat estimates in a big way again. Not that Staffing 360 Solutions now is where Alphabet was before Porat came along, but I can definitely see David Faiman accelerating Staffing 360 Solutions' march toward profitability. Today's press release from STAF is at the bottom of today's newsletter. There's one more thing we need to get to before we sign off for the day though. This Is It Normally I'd start with, and focus on, a daily chart of the S&P 500. I'm not even going to bother doing that today, mainly because there's no point in doing so - it's all about the weekly chart now. So, let's just start there. As they say, read 'em and weep. The S&P 500 lost 1.23% of its value today, and moved to a lower weekly low. Bad news? Maybe. But, I find it very interesting how today's low was pretty much the low from three weeks ago, the low from October of 2014, and the low from April of 2014. Have the bulls drawn a line in the sand there? Maybe. It sure looks like they're putting up a fight there. This is where it gets tricky. Conventional wisdom says a break below that support around 1812 could mark the beginning of an even bigger move lower... perhaps to the Fibonacci line at 1745. I'll stress once again what I made a point of saying yesterday, however - the market may be yankin' your chain here, looking to make you think the worst with a slight move below 1812 only to reverse course and finally begin a trade-worthy bullish leg. Only time will tell. I just still have to keep my mind open to a bullish possibilities because the VIX appears unable and/or unwilling to push any higher. In any case, the market can wait on a decision. In fact, it's making us wait. Here's the press release from Staffing 360 Solutions. If you're looking for a little more of the backstory and why STAF is such an underappreciated opportunity though, I think James Brumley made a great point here, and Bryan Murphy put things in perspective here. Staffing 360 Solutions Names David Faiman as Chief Financial Officer Distinguished Finance Executive to Oversee Public Company Reporting and Support Staffing 360's High Growth Acquisition Strategy NEW YORK, NY--(Marketwired - February 11, 2016) - Staffing 360 Solutions, Inc. (NASDAQ: STAF), a public company executing a global buy-and-build strategy through the acquisition of staffing organizations, with operations in the US and UK, announced today that David Faiman has been named Staffing 360 Solutions' new Chief Financial Officer. "Dave is a distinguished finance executive and a fantastic addition to our management team at Staffing 360 Solutions," stated Brendan Flood, the Company's Executive Chairman and Interim Chief Financial Officer. "With decades of experience at various international, multi-billion dollar enterprises, he will be a major asset as we continue to grow. In addition to his technical expertise in all areas of public company financial reporting, his emphasis on optimizing growth and raising capital is a perfect complement to our acquisition strategy in the United States and United Kingdom." With over 20 years of finance and accounting experience at both private and public companies, Mr. Faiman brings a high degree of knowledge and proficiency to his role as Chief Financial Officer. Prior to joining Staffing 360 Solutions, from 2013 to 2015, Mr. Faiman was Vice President of Financial Planning & Analysis as well as Chief Accounting Officer of Novitex Enterprise Solutions, Inc., a leading provider of solutions in the document outsourcing industry, owned by private equity firm Apollo Global Management, LLC. "I've seen Staffing 360 Solutions grow quite rapidly through accretive acquisitions, in addition to its recent NASDAQ listing, and believe it has the potential to become a major force in the staffing industry," said Mr. Faiman. "Putting my broad skillset to the test, I look forward to joining the team, enhancing our capital markets efforts and positioning Staffing 360 Solutions as a preeminent public company that can achieve its stated aims and deliver superior results along the way." Prior to Novitex, Mr. Faiman served in various senior executive roles, including acting Chief Financial Officer, during his almost 10-year tenure between 2004 to 2013 at Cengage Learning, Inc. (formerly Thomson Learning of Thomson Reuters), a leading educational content, technology, and services company for the higher education and K-12, professional and library markets worldwide. During this time, Mr. Faiman was part of the management team responsible for the coordination of a multi-billion private equity buyout of Cengage Learning by private equity firm Apax Partners LLP. Mr. Faiman began his career at PricewaterhouseCoopers LLP in its Assurance and Business Advisory practice, where he managed multi-billion dollar global clients over an eight-year period. Mr. Faiman is a Certified Public Accountant and graduated summa cum laude with a Bachelor of Science in Business Administration from the University of Connecticut. About Staffing 360 Solutions, Inc. Staffing 360 Solutions, Inc. (NASDAQ: STAF) is a public company in the staffing sector engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations with operations in the US and UK. The Company believes the staffing industry offers opportunities for accretive acquisitions that will drive its annual revenues to $300 million. As part of its targeted consolidation model, the Company is pursuing acquisition targets in the finance and accounting, administrative, engineering and IT staffing space. For more information, please visit: www.staffing360solutions.com. Follow Staffing 360 Solutions on Facebook, LinkedIn and Twitter. Forward-Looking Statements Certain matters discussed within this press release are forward-looking statements including, but not limited to the timing and ability to enter into any additional acquisitions, as well as the size of future revenue. Although Staffing 360 Solutions, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Specifically, in order for the Company to achieve annualized revenues of $300 million, the Company will need to successfully raise sufficient capital, to consummate additional target acquisitions, successfully integrate any newly acquired companies, organically grow its business, successfully defend current and any potential future litigation, as well as various additional contingencies, many of which are unknown at this time and generally out of the Company's control. The Company can give no assurance that it will be able to achieve these objectives. Staffing 360 Solutions does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in Staffing 360 Solutions' reports filed with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K.