FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Tuesday, January 14th, 2020

<<<Previous Mid Day Report	Next Mid Day Report >>>
<<<Previous After Market Report	Next After Market Report >>>

You are not logged in.
This means you CAN ONLY VIEW reports that were published prior to Sunday, October 20, 2024.
You MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.

AFTER MARKET UPDATE - TUESDAY, JANUARY 14TH, 2020

Previous After Market Report Next After Market Report >>>

Indices				NYSE			Nasdaq
DOW	+32.62	28,939.67	+0.11%	Volume	915,858,480	+10%	Volume	2,545,240,450	+1%
NASDAQ	-22.60	9,251.33	-0.24%	Advancers	1,655	57%	Advancers	1,618	51%
S&P 500	-4.98	3,283.15	-0.15%	Decliners	1,227	43%	Decliners	1,571	49%
Russell 2000	+6.14	1,675.74	+0.37%	52 Wk Highs	230		52 Wk Highs	295
S&P 600	+3.35	1,023.68	+0.33%	52 Wk Lows	8		52 Wk Lows	27

Big Financial Firms Rose on Earnings News
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 and Nasdaq Composite each lost 0.2%, though both benchmark indexes notched new intraday highs for the fifth consecutive day. The Dow added 32 points, easing from the 29,000 level that had been reclaimed earlier in the session. Breadth was positive as advancers led decliners by a 4-3 margin on the NYSE, but advancers led by a very narrow margin on the Nasdaq exchange. The reported volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange. There were 83 high-ranked companies from the Leaders List that hit a new 52-week high and were listed on the BreakOuts Page, versus the total of 91 on the prior session. New 52-week highs totals easily outnumbered new 52-week lows totals on the NYSE and on the Nasdaq exchange. The major indices (M criteria) are in a "confirmed uptrend" after enduring distributional pressure in recent weeks. The Featured Stocks Page provides the most timely analysis on high-ranked leaders.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 600 Small Cap Index is still -7% off its Aug '18 record high

Stocks finished mixed on Tuesday. The major averages drifted from record levels after a report suggested that existing U.S. tariffs on $360 billion of Chinese imports would likely remain intact until after the November presidential election. The headline came despite tomorrow’s expected signing of the “phase one” trade deal between Washington and Beijing.

Investors also focused on fourth-quarter corporate earnings reports from some of Wall Street’s biggest banks. JP Morgan Chase & Co (JPM +1.17%) rose after its annual profit reached a record $36.4 billion. Citigroup (C +1.56%) rose following its top and bottom line beat. Both banks experienced a sharp rebound in fixed income trading last quarter. Elsewhere, Delta Air Lines (DAL +3.29%) rose after posting positive results that were attributed to strong travel demand and lower fuel costs. In other corporate news, Visa (V +0.37%) rose slightly after announcing plans to acquire private technology start-up Plaid for $5.3 billion.

Treasuries strengthened following a weaker-than-expected inflation update. The yield on the benchmark 10-year note was down three basis points to 1.81%. A data release revealed consumer prices increased 0.2% in December, slightly below the prior 0.3% uptick. Separately, a report from the NFIB showed small business optimism declined more than anticipated in December. In commodities, WTI crude finished 0.3% higher at $58.23/barrel, snapping a five-day stretch of losses.

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.

Retail and Broker/Dealer Indexes Slumped
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Financial shares were mixed as the Broker/Dealer Index ($XBD -0.45%) fell slightly and the Bank Index ($BKX +0.13%) inched higher. The Retail Index ($RLX -0.45) also created a drag on the major averages. The Biotech Index ($BTK +2.66%) was a standout gainer while the Semiconductor Index ($SOX +0.20%) and the Networking Index ($NWX +0.22%) both posted small gains.The Oil Services Index ($OSX +0.28%) and the Integrated Oil Index ($XOI +0.16%) also posted small gains, outpaced by the Gold & Silver Index ($XAU +1.17%).

Charts courtesy of www.stockcharts.com

PICTURED: The Biotech Index ($BTK +2.66%) rebounded near its prior high but remains -3.6% off its all-time high hit in Sep '18.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	76.72	+0.22	+0.29%	-2.01%
Integrated Oil	$XOI	1,273.89	+1.99	+0.16%	+0.26%
Semiconductor	$SOX	1,894.64	+3.85	+0.20%	+2.43%
Networking	$NWX	588.65	+1.31	+0.22%	+0.90%
Broker/Dealer	$XBD	296.58	-1.35	-0.45%	+2.14%
Retail	$RLX	2,471.42	-11.28	-0.45%	+0.90%
Gold & Silver	$XAU	101.36	+1.17	+1.17%	-5.20%
Bank	$BKX	111.97	+0.15	+0.13%	-1.23%
Biotech	$BTK	5,230.39	+135.34	+2.66%	+3.22%

Extended From Base After Wedging Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Fortinet Inc (FTNT +$0.03 or +0.03% to $116.72) hit yet another new 52-week high with below average volume behind today's gain, getting very extended from any sound base. Its 50-day moving average (DMA) line ($104.75) defines important near-term support to watch. It has wedged higher with recent gains lacking great volume conviction.

Bullish action came after it reported earnings +37% on +21% sales revenues for the Sep '19 quarter versus the year ago period, its 7th consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). Annual earnings (A criteria) have been improving since FY '14, also helping it match with the fact-based investment system's guidelines.

FTNT was highlighted in yellow with new pivot point cited based on its 4/16/19 high plus 10 cents in the 11/11/19 mid-day report (read here), It was last shown in this FSU section on 12/23/19 with an annotated graph under the headline, "Endured Distributional Pressure While Perched at High".

The number of top-rated funds owning its shares rose from 960 in Jun '18 to 1,521 in Dec '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume ratio of 1.6 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness rating of A and Sponsorship rating of B.

Charts courtesy of 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
MLR - NYSE Miller Industries Inc AUTOMOTIVE - Auto Parts	$34.90	-0.44 -1.25%	$35.48	63,628 154.06% of 50 DAV 50 DAV is 41,300	$38.18 -8.59%	9/24/2019	$34.00	PP = $35.36
								MB = $37.13
Most Recent Note - 1/14/2020 12:26:02 PM G -Sputtering below its 50 DMA line ($36.39) and testing prior highs in the $35 area. Reported Sep '19 earnings which were below the fundamental guidelines of the fact-based investment system. >>> FEATURED STOCK ARTICLE : Towing/Recovery Equipment Firm Remains Perched Near Record High - 12/27/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CCBG - NASDAQ Capital City Bk Gp BANKING - Regional - Mid-Atlantic Banks	$28.78	-0.34 -1.17%	$29.32	34,564 75.80% of 50 DAV 50 DAV is 45,600	$30.95 -7.01%	12/16/2019	$30.07	PP = $30.95
								MB = $32.50
Most Recent Note - 1/14/2020 5:05:15 PM G - Color code is changed to green while slumping below its 50 DMA line ($29.61) raising concerns after meeting resistance at its 52-week high. Prior low ($28.16 on 12/03/19) defines the next important support level. >>> FEATURED STOCK ARTICLE : Perched Near 52-Week High After Forming an Orderly Base - 1/2/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
FTNT - NASDAQ Fortinet Inc Computer Sftwr-Security	$116.72	+0.03 0.03%	$117.67	780,041 56.98% of 50 DAV 50 DAV is 1,369,000	$116.75 -0.03%	12/9/2019	$103.85	PP = $106.10
								MB = $111.41
Most Recent Note - 1/14/2020 5:08:51 PM G - Hit yet another new 52-week high with below average volume behind today's gain, wedging higher and getting very extended from any sound base. Its 50 DMA line ($104.75) defines important near-term support to watch. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Extended From Base After Wedging Higher - 1/14/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SPSC - NASDAQ S P S Commerce Inc COMPUTER SOFTWARE and SERVICES - Application Software	$57.16	-0.20 -0.35%	$57.62	115,762 66.53% of 50 DAV 50 DAV is 174,000	$59.14 -3.35%	11/29/2019	$56.59	PP = $59.24
								MB = $62.20
Most Recent Note - 1/13/2020 6:31:39 PM Y - Still perched only -3% off its all-time high. Subsequent gains above its pivot point backed by at least +40% above average volume are needed to trigger a new technical buy signal. Fundamentals remain strong. Its Relative Strength Rating of 81 is just above the 80+ minimum guideline for buy candidates. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Still Lingering Below Prior Resistance - 1/13/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AUDC - NASDAQ Audiocodes Ltd ELECTRONICS - Scientific and Technical Instrum	$27.33	-0.14 -0.51%	$27.91	221,264 83.18% of 50 DAV 50 DAV is 266,000	$27.66 -1.19%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 1/13/2020 12:39:30 PM G - Hitting a new all-time high with heavier volume behind today's 5th consecutive gain. Very extended from the previously noted base. Its 50 DMA line ($23.91) defines support above with prior highs in the $22 area. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Large Loss With Higher Volume Indicates Distributional Pressure - 1/6/2020 \| 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
CHDN - NASDAQ Churchill Downs Inc LEISURE - Gaming Activities	$140.09	+0.41 0.29%	$141.00	191,140 76.46% of 50 DAV 50 DAV is 250,000	$139.81 0.20%	10/8/2019	$129.77	PP = $132.83
								MB = $139.47
Most Recent Note - 1/13/2020 6:25:11 PM G - Rallied for a new 52-week high with today's gain backed by higher volume. Its 50 DMA line ($131) defines near-term support above the prior low ($121.81 on 11/07/19) The Jun and Sep '19 quarterly earnings versus the year ago periods were both below the +25% minimum guideline (C criteria) and raised fundamental concerns. >>> FEATURED STOCK ARTICLE : Touched a New HIgh With Gains Backed by Light Volume - 12/30/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$243.77	-1.41 -0.58%	$247.51	1,625,446 78.03% of 50 DAV 50 DAV is 2,083,000	$245.35 -0.64%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 1/13/2020 12:56:03 PM G - Powering to a new all-time high with today's gap up and big gain backed by heavier volume, getting more extended from any sound base. Its 50 DMA line and prior low ($218.18 on 12/12/19) define important near-term support to watch. Recently reported earnings +28% on +23% sales revenues for the Oct '19 quarter. >>> FEATURED STOCK ARTICLE : Perched at All-Time High After Gains Lacking Great Volume - 1/9/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CPRT - NASDAQ Copart Inc SPECIALTY RETAIL - Auto Dealerships	$96.34	+0.08 0.08%	$97.04	1,288,441 69.72% of 50 DAV 50 DAV is 1,848,000	$96.30 0.04%	1/2/2020	$92.80	PP = $92.51
								MB = $97.14
Most Recent Note - 1/13/2020 6:34:04 PM Y - Posted a 4th consecutive gain with light volume, wedging further into new all-time high territory. Its 50 DMA line ($88.40) defines near-term support. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Perched at All-Time HIgh Following Recent Volume-Driven Gain - 1/7/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NMIH - NASDAQ N M I Holdings Inc Cl A Finance-MrtgandRel Svc	$32.15	-0.13 -0.40%	$32.25	368,633 70.62% of 50 DAV 50 DAV is 522,000	$35.79 -10.17%	11/8/2019	$32.89	PP = $31.44
								MB = $33.01
Most Recent Note - 1/14/2020 5:11:33 PM G - A rebound above the 50 DMA line ($32.89) still is needed for its outlook to improve. Prior highs in the $30-31 area define the next important near-term support. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Outlook Hurt by Slump Below 50-Day Moving Average - 1/10/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SPLK - NASDAQ Splunk Inc Computer Sftwr-Database	$157.04	+0.58 0.37%	$158.70	1,447,975 72.29% of 50 DAV 50 DAV is 2,003,000	$157.72 -0.43%	11/25/2019	$147.79	PP = $142.16
								MB = $149.27
Most Recent Note - 1/14/2020 5:07:16 PM G - Hit yet another new high with today's 3rd consecutive small gain backed by below average volume, getting more extended from the previously noted base. Prior highs in the $142-143 area define important support to watch coinciding with its 50 DMA line ($141.79). >>> FEATURED STOCK ARTICLE : New High Hit With Another Gain on Near Average Volume - 1/8/2020 \| 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
PAYC - NYSE Paycom Software Inc COMPUTER SOFTWARE and SERVICES - Application Software	$286.51	-8.92 -3.02%	$297.53	749,152 144.07% of 50 DAV 50 DAV is 520,000	$297.09 -3.56%	11/20/2019	$252.97	PP = $259.81
								MB = $272.80
Most Recent Note - 1/13/2020 6:30:02 PM G - Hit another new high with today's 9th consecutive gain, very extended from any sound base. Its 50 DMA line ($256) defines important near-term support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Perched Near High and Near the Max Buy Level - 1/3/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
BLD - NYSE Topbuild Corp Bldg-Constr Prds/Misc	$105.52	+0.64 0.61%	$106.58	222,761 75.51% of 50 DAV 50 DAV is 295,000	$113.74 -7.23%	12/9/2019	$109.71	PP = $113.84
								MB = $119.53
Most Recent Note - 1/13/2020 6:23:42 PM G - Sputtering below its 50 DMA line ($106.76) which has acted as resistance. A rebound above its 50 DMA line is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Recent Slump Below 50-Day Moving Average Did Technical Damage - 12/24/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
GLOB - NYSE Globant SA Computer-Tech Services	$114.05	+2.26 2.02%	$114.86	190,120 70.68% of 50 DAV 50 DAV is 269,000	$115.60 -1.34%	11/14/2019	$106.87	PP = $112.43
								MB = $118.05
Most Recent Note - 1/14/2020 5:10:39 PM Y - Posted a solid gain with below average volume today for a best ever close. Gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal. Its 50 DMA line ($103.85) defines important near-term support to watch on pullbacks. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Rebound Has Globant Perched Within Striking Distance of High - 12/26/2019 \| 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.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time. Questions or comments may be submitted by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307 or 954-785-1121.