FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, JANUARY 18TH, 2019

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Indices				NYSE			Nasdaq
DOW	+336.25	24,706.35	+1.38%	Volume	1,010,170,850	+11%	Volume	2,450,781,580	+16%
NASDAQ	+72.77	7,157.23	+1.03%	Advancers	2,135	74%	Advancers	2,125	70%
S&P 500	+34.75	2,670.71	+1.32%	Decliners	753	26%	Decliners	920	30%
Russell 2000	+15.25	1,482.50	+1.04%	52 Wk Highs	30		52 Wk Highs	33
S&P 600	+9.15	924.28	+1.00%	52 Wk Lows	12		52 Wk Lows	23

Breadth Positive as 3 Major Indices Rose Above 50-Day Averages
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

For the week, the S&P 500 climbed 2.7%. The Dow added nearly 3% while the Nasdaq advanced 2.7%. The three rose above their 50-day moving average lines this week, helping the market's technical stance. Stocks finished firmly higher Friday. The Dow jumped 336 points to 24,706 while the S&P 500 advanced 34 points to 2,670. The Nasdaq Composite added 72 points to 7,157. The volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange, inflated by options expirations. Breadth was positive as advancers led decliners by near a 3-1 margin on the NYSE and by more than 2-1 on the Nasdaq exchange. There were 11 high-ranked companies from the Leaders List that made a new 52-week high and were listed on the BreakOuts Page, versus the total of 7 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange versus the prior session. The major indices are in a confirmed uptrend after recently noted improvements helped to signal a change in market direction (M criteria) back to a bullish stance. The Featured Stocks Page provides the most timely analysis on high-ranked leaders.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index ended -12% off its record high after 4 consecutive gains with ever-increasing volume, making steady progress above its 50-day moving average (DMA) line.

The S&P 500 climbed out of correction territory following reports of thawing trade tensions between the U.S. and China. In the latest update, Beijing reportedly proposed a six year plan to accelerate imports from the U.S. in order to reduce the trade imbalance between the nations. On the data front, a survey showed industrial production increased 0.3% in December, above projections of 0.2%. A preliminary reading from the University of Michigan revealed consumer sentiment dipped to the lowest level since late 2016 in January.

All 11 S&P 500 sectors finished in positive territory with Industrials pacing the gains following the trade optimism. In corporate news, VF Corp (VFC +12.39%) rose after the apparel maker topped consensus earnings projections. Shares of Netflix (NFLX -3.99%) fell after the streaming giant missed analyst revenue estimates. Tesla (TSLA -12.97%) fell following news the electric carmaker plans to cut 7% of its workforce.

Treasuries weakened along the curve with the yield on the 10-year note up three basis points to 2.78%. In commodities, WTI crude climbed 3.3% to a two-month high of $53.70/barrel. COMEX gold was off 0.9% to $1,280.30/ounce.

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.

Financial, Tech, Retail, and Energy Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Financial stocks were a positive influence on the major indices again on Friday as the Bank Index ($BKX +1.76%) outpaced the Broker/Dealer Index ($XBD +1.50%). The tech sector had a positive bias as the Semiconductor Index ($SOX +2.30%) and the Networking Index ($NWX +1.75%) both outpaced the Biotech Index ($BTK +1.13%). Energy-linked groups also had a positive tilt as the Oil Services Index ($OSX +3.82%) was a standout gainer and the Integrated Oil Index ($XOI +1.63%) rose, meanwhile, the Gold & Silver Index ($XAU -1.66%) was a clear laggard as it lost ground.

Charts courtesy of www.stockcharts.com

PICTURED: The Oil Services Index ($OSX +3.82%) rebounded above its 50-day moving average (DMA) line for the first time since October, but it remains well below its 200 DMA line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	98.57	+3.62	+3.81%	+22.30%
Integrated Oil	$XOI	1,279.05	+20.55	+1.63%	+10.35%
Semiconductor	$SOX	1,228.33	+27.57	+2.30%	+6.33%
Networking	$NWX	525.43	+9.04	+1.75%	+7.52%
Broker/Dealer	$XBD	263.51	+3.90	+1.50%	+11.03%
Retail	$RLX	2,121.83	+24.03	+1.15%	+8.73%
Gold & Silver	$XAU	68.38	-1.15	-1.65%	-3.23%
Bank	$BKX	97.54	+1.68	+1.75%	+13.70%
Biotech	$BTK	4,899.32	+54.73	+1.13%	+16.07%

Thinly Traded Biotech Shows Signs of Accumulation
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Biospecifics Technologies (BSTC +$0.18 or +0.27% to $66.51) posted a 4th consecutive gain but ended in the lower third of its intra-day range after highlighted in yellow with pivot point cited based on its 11/07/18 high plus 10 cents in the earlier mid-day report (read here).

The thinly traded Biomed/Biotech firm hit a new 52-week high on the prior session with its twice average volume, easily meeting the volume threshold of +40% above average volume which is necessary to trigger a proper technical buy signal. Its small supply (S criteria) of only 5.2 million shares in the public float can contribute to greater price volatility in the event of institutional buying or selling. Disciplined investors avoid chasing stocks more than +5% above prior highs and always limit losses by selling if ever a stock falls more than -7% from their purchase price.

The number of top-rated funds owning its shares rose from 171 in Mar '18 to 216 in Dec '18, 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 an A Timeliness Rating and a C Sponsorship rating.

Earnings increases have been above the +25% minimum guideline (C criteria) in the 4 latest quarterly comparisons through Sep '18. Its sales revenues growth rate has shown acceleration, but quarterly totals have been in the $7-8 million range, still rather minuscule in the context of all publicly traded companies.

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	$29.62	+1.15 4.04%	$29.95	52,864 139.12% of 50 DAV 50 DAV is 38,000	$29.40 0.75%	11/30/2018	$28.35	PP = $29.50
								MB = $30.98
Most Recent Note - 1/18/2019 6:13:08 PM Y - Hit a new high with today's gain backed by +39% above average volume. Subsequent gains above the pivot point backed by at least +40% above average volume may help clinch a proper technical buy signal. Its 50 DMA line and recent low define near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Perched Within Close Striking Distance of Prior High - 1/8/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
BSTC - NASDAQ Biospecifics Technologie Medical-Biomed/Biotech	$66.51	+0.18 0.27%	$67.62	62,650 160.64% of 50 DAV 50 DAV is 39,000	$68.00 -2.19%	1/18/2019	$67.40	PP = $66.31
								MB = $69.63
Most Recent Note - 1/18/2019 6:10:52 PM Y - Finished in the lower third of its intra-day range after highlighted in yellow with pivot point cited based on its 11/07/18 high plus 10 cents in the earlier mid-day report. Thinly traded Biomed/Biotech firm hit a new 52-week high and posted 4 consecutive gains marked by volume. Earnings increases have been above the +25% minimum guideline (C criteria) in the 4 latest quarterly comparisons through Sep '18. Sales revenues growth showed acceleration, but quarterly totals have been in the $7-8 million range, still rather minuscule in the context of all publicly traded companies. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Thinly Traded Biotech Shows Signs of Accumulation - 1/18/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
UBNT - NASDAQ Ubiquiti Networks TELECOMMUNICATIONS - Diversified Communication Serv	$105.15	+1.35 1.30%	$105.79	271,866 63.82% of 50 DAV 50 DAV is 426,000	$115.44 -8.91%	11/9/2018	$108.20	PP = $101.43
								MB = $106.50
Most Recent Note - 1/17/2019 5:07:42 PM G - Posted a gain today with below average volume. A convincing rebound above its 50 DMA line ($104.18) is needed for its outlook to improve. Prior low ($92.08 on 12/24/18) defines the next important support. Fundamentals remain strong. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Sputtering Below 50-Day Moving Average Again - 1/15/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PLNT - NYSE Planet Fitness Inc Cl A Leisure-Services	$58.50	+0.01 0.02%	$59.52	1,126,510 84.89% of 50 DAV 50 DAV is 1,327,000	$59.23 -1.23%	11/7/2018	$57.10	PP = $55.45
								MB = $58.22
Most Recent Note - 1/17/2019 5:03:49 PM G - Posted a quiet gain back above its "max buy" level today and its color code is changed to green. Its 50 DMA line ($54.13) defines important near-term support to watch above the recent low ($48). >>> FEATURED STOCK ARTICLE : Found Prompt Support Near 50-Day Moving Average Line - 1/4/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TEAM - NASDAQ Atlassian Corp Plc Cl A Comp Sftwr-Spec Enterprs	$90.67	-2.25 -2.42%	$100.00	7,663,512 508.53% of 50 DAV 50 DAV is 1,507,000	$98.21 -7.68%	1/7/2019	$94.68	PP = $98.31
								MB = $103.23
Most Recent Note - 1/18/2019 6:16:31 PM Y - There was a big "negative reversal" and weak close today after hitting a new high, and heavy volume was action indicative of distributional pressure. Volume and volatility often increase near earnings news. Reported earnings +92% on +39% sales revenues for the Dec '18 quarter. Recently held its ground in a tight range, churning higher volume while perched within close striking distance of its prior high. Color code was changed to yellow with new pivot point cited based on its 10/01/18 high plus 10 cents. Subsequent gains and a strong close above the pivot point backed by at least +40% above average volume may help to clinch a convincing technical buy signal. Its 50 DMA line ($82.90) and prior low define near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Rebounding Near Prior High Which May Act as Resistance - 1/7/2019 \| 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
INVA - NASDAQ Innoviva Inc Medical-Biomed/Biotech	$19.67	+0.20 1.03%	$19.81	662,072 58.23% of 50 DAV 50 DAV is 1,137,000	$19.82 -0.76%	11/23/2018	$17.74	PP = $18.09
								MB = $18.99
Most Recent Note - 1/17/2019 5:01:36 PM G - Stubbornly holding its ground with volume totals cooling while remaining perched near its 52-week high after a streak of gains . The 50 DMA line ($17.35) and prior low ($15.55 on 12/24/18) define near-term support. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Perched at High Following Volume-Driven Gains - 1/17/2019 \| 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.

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