FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, January 30th, 2020

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AFTER MARKET UPDATE - THURSDAY, JANUARY 30TH, 2020

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Indices				NYSE			Nasdaq
DOW	+124.99	28,859.44	+0.43%	Volume	879,871,770	+6%	Volume	2,322,694,330	+5%
NASDAQ	+23.77	9,298.93	+0.26%	Advancers	1,489	53%	Advancers	1,307	41%
S&P 500	+10.26	3,283.66	+0.31%	Decliners	1,345	47%	Decliners	1,873	59%
Russell 2000	-1.00	1,648.22	-0.06%	52 Wk Highs	179		52 Wk Highs	104
S&P 600	-1.39	1,003.03	-0.14%	52 Wk Lows	111		52 Wk Lows	100

Major Indices Managed Positive Reversal
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow pared a 244 point loss, to finish 124 points higher. The S&P 500 and Nasdaq Composite both rose 0.3%. Advancers and decliners were evenly matched on the NYSE but decliners led advancers by a 3-2 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 40 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 52 on the prior session. New 52-week highs totals outnumbered new 52-week lows totals on the NYSE on the Nasdaq exchange. The major indices' (M criteria) remain in confirmed uptrend. Disciplined investors buy individual stocks on a case-by-case basis only if all key criteria are met. The Featured Stocks Page provides the most timely analysis on high-ranked leaders.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index is consolidating near its record high. Near-term support is defined by the prior low and its 50-day moving average (DMA) line.

Stocks finished higher on Thursday, bouncing back from early session losses after the World Health Organization (WHO) struck an optimistic tone surrounding the coronavirus outbreak. The group deemed the virus an “international health emergency” in order to aid less-resourced countries, but did not make recommendations for travel or trade restrictions.

Seven of 11 S&P 500 sectors ended in positive territory with Financials pacing the gains. The Communication Services group bucked the upward trend, with Facebook (FB -6.14%) fell as its upbeat quarterly results were overshadowed by worries surrounding profit margins and a sharp spike in expenses. In other earnings, Microsoft (MSFT +2.8%) gapped up for a new record high after exceeding Wall Street profit and revenue estimates. Tesla (TSLA +10.30%) following its top and bottom line beat, with the electric vehicle maker forecasting full-year 2020 deliveries surpassing 500,000. Meanwhile, Altria (MO -4.21%) fell after the tobacco company reported a quarterly loss and took a $4.1 billion charge on its investment of electronic cigarette maker Juul Labs.

Treasuries were little changed, with the yield on the benchmark 10-year note down one basis point to 1.58%. On the data front, the first print of U.S. fourth-quarter GDP showed the economy expanded at a 2.1% pace during the October-December period, slightly above economists’ forecasts of 2.0%. Separately, initial jobless claims jumped to 216,000 in the most recent week, below the prior upwardly revised 223,000 figure. In commodities, WTI crude slipped 1.1% to $52.75/barrel. COMEX gold added 0.4% to $1,576.50/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 and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Broker/Dealer Index ($XBD +2.07%) and Bank Index ($BKX +1.10%) posted solid gains while the Retail Index ($RLX +0.12%) ended slightly higher. The Semiconductor Index ($SOX -0.16%), Networking Index ($NWX -0.73%), and the Biotech Index ($BTK -1.49%) lost ground. Commodity-linked groups had a positive bias as the Oil Services Index ($OSX +0.87%), Integrated Oil Index ($XOI +0.25%), and Gold & Silver Index ($XAU +0.39%) rose.

Charts courtesy of www.stockcharts.com

PICTURED: The Retail Index ($RLX +0.12%) is consolidating above its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	64.36	+0.55	+0.86%	-17.79%
Integrated Oil	$XOI	1,152.58	+2.86	+0.25%	-9.29%
Semiconductor	$SOX	1,855.80	-2.90	-0.16%	+0.33%
Networking	$NWX	565.49	-4.18	-0.73%	-3.07%
Broker/Dealer	$XBD	297.44	+6.04	+2.07%	+2.43%
Retail	$RLX	2,453.38	+2.83	+0.12%	+0.17%
Gold & Silver	$XAU	103.52	+0.41	+0.40%	-3.18%
Bank	$BKX	107.03	+1.17	+1.11%	-5.58%
Biotech	$BTK	4,894.08	-74.23	-1.49%	-3.42%

Volume Totals Cooling While Hovering Near All-Time High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Lululemon Athletica (LULU +$0.11 or +0.05% to $243.77) is extended from any sound base and hovering near its all-time high with volume totals cooling. Its 50-day moving average (DMA) line ($231.34) and prior low ($218.18 on 12/12/19) define important near-term support to watch. Fundamentals remain strong.

LULU was last shown in this FSU section was on 1/09/20 with an annotated graph under the headline, "Perched at All-Time High After Gains Lacking Great Volume". It reported earnings +28% on +23% sales revenues for the Oct '19 quarter. LULU has reported 8 consecutive quarterly earnings comparisons above the +25% minimum guideline (C criteria). It currently has a 96 Earnings Per Share Rating. Its Timeliness rating is A and Sponsorship rating is C.

The current Up/Down Volume Ratio of 1.1 is an unbiased indication its shares have been under slight accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 1,041 in Jun '18 to 1,454 in Dec '19, a good sign concerning the I criteria. It has a new CEO as of 8/20/18.

LULU was first featured in yellow at $23.83 (split adjusted after 2:1 split effective 7/21/11) in the October 8, 2010 mid-day report (read here) and it traded up as much as +163.7% in a little more than 9 months. As previously noted - "In a bullish market, many high-ranked leaders offer multiple opportunities to accumulate their shares under the fact-based system's strict guidelines. Patience may often allow another ideal base or secondary buy point to possibly develop and be noted."

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
FTNT - NASDAQ Fortinet Inc Computer Sftwr-Security	$118.33	+1.06 0.90%	$118.39	795,657 71.04% of 50 DAV 50 DAV is 1,120,000	$120.44 -1.75%	12/9/2019	$103.85	PP = $106.10
								MB = $111.41
Most Recent Note - 1/27/2020 5:21:15 PM G - Gapped down today, retreating from its all-time high. Very extended from any sound base. Its 50 DMA line ($108.50) defines important near-term support to watch. >>> 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	$57.31	-0.16 -0.28%	$58.22	113,313 64.16% of 50 DAV 50 DAV is 176,600	$59.98 -4.45%	11/29/2019	$56.59	PP = $59.24
								MB = $62.20
Most Recent Note - 1/28/2020 5:50:20 PM Y - Holding its ground stubbornly perched near its all-time high with no resistance remaining. 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 79 is just below the 80+ minimum guideline for buy candidates. >>> 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	$23.05	+0.72 3.22%	$23.16	819,974 265.36% of 50 DAV 50 DAV is 309,000	$28.73 -19.77%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 1/29/2020 6:12:49 PM G - Violated its 50 DMA line ($25.13) and violated the prior low ($24.05 on 1/06/20) with damaging volume-driven losses triggering technical sell signals. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Showed Resilience With Close in Upper Third of Intra-day Range - 1/27/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CHDN - NASDAQ Churchill Downs Inc LEISURE - Gaming Activities	$146.64	+1.33 0.92%	$146.87	118,230 54.48% of 50 DAV 50 DAV is 217,000	$146.14 0.34%	10/8/2019	$129.77	PP = $132.83
								MB = $139.47
Most Recent Note - 1/27/2020 5:28:35 PM G - Stubbornly holding its ground near its 52-week high following recent gains with light volume. Its 50 DMA line ($134) defines near-term support above the prior low ($132.55 on 1/03/19) 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 : Reversal From High Following 5 Gains With Light Volume - 1/21/2020 \| 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	+0.11 0.05%	$244.00	769,945 39.57% of 50 DAV 50 DAV is 1,946,000	$247.51 -1.51%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 1/30/2020 5:36:36 PM G - Extended from any sound base and hovering near its all-time high with volume totals cooling. Its 50 DMA line ($231) and prior low ($218.18 on 12/12/19) define important near-term support to watch. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Hovering Near All-Time High - 1/30/2020 \| 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
CPRT - NASDAQ Copart Inc SPECIALTY RETAIL - Auto Dealerships	$102.35	+1.63 1.62%	$102.43	885,927 48.36% of 50 DAV 50 DAV is 1,832,000	$101.41 0.93%	1/2/2020	$92.80	PP = $92.51
								MB = $97.14
Most Recent Note - 1/28/2020 5:47:24 PM G - Quietly touched a new all-time high today. Color code was changed to green after wedging above its "max buy" level with gains marked by below average volume. Its 50 DMA line ($91.64) defines near-term support coinciding with prior highs in the $91-92 area. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : New High With Yet Another Gain Backed by Light Volume - 1/28/2020 \| 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	$32.61	-0.05 -0.15%	$32.78	280,762 55.60% of 50 DAV 50 DAV is 505,000	$35.79 -8.89%	11/8/2019	$32.89	PP = $31.44
								MB = $33.01
Most Recent Note - 1/27/2020 5:30:31 PM G - Still quietly sputtering, meanwhile, a rebound above the 50 DMA line ($33.19) 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	$158.69	+3.07 1.97%	$158.98	1,367,932 68.06% of 50 DAV 50 DAV is 2,010,000	$161.49 -1.73%	11/25/2019	$147.79	PP = $142.16
								MB = $149.27
Most Recent Note - 1/29/2020 6:14:15 PM G - Volume totals have been cooling while consolidating and it is extended from the previously noted base. Its 50 DMA line ($148.54) and prior highs in the $142-143 area define important support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Hovering Near All-Time High - 1/29/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PAYC - NYSE Paycom Software Inc COMPUTER SOFTWARE and SERVICES - Application Software	$325.62	+3.57 1.11%	$325.76	598,749 74.94% of 50 DAV 50 DAV is 799,000	$324.75 0.27%	11/20/2019	$252.97	PP = $259.81
								MB = $272.80
Most Recent Note - 1/27/2020 12:33:57 PM G - Gapped up on 1/23/20 hitting a new all-time high, and it has been stubbornly holding its ground after getting extended from any sound base. Its prior high ($279.95 on 11/27/19) and its 50 DMA line ($271) define important near-term support levels to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Gapped Up for New High But Ended Near Session Low - 1/23/2020 \| 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	$118.25	+1.04 0.89%	$118.45	233,976 84.77% of 50 DAV 50 DAV is 276,000	$119.99 -1.45%	12/9/2019	$109.71	PP = $113.84
								MB = $119.53
Most Recent Note - 1/29/2020 6:16:36 PM Y - Hovering near its 52-week high, holding its ground following volume-driven gains. Prior high ($113.74) defines near-term support above its 50 DMA line. >>> FEATURED STOCK ARTICLE : Fifth Consecutive Gain Leaves TopBuild Near 52-Week High - 1/17/2020 \| 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
TEAM - NASDAQ Atlassian Corp Plc Cl A Comp Sftwr-Spec Enterprs	$149.58	+0.43 0.29%	$151.87	1,349,890 88.06% of 50 DAV 50 DAV is 1,533,000	$151.52 -1.28%	1/24/2020	$144.66	PP = $140.49
								MB = $147.51
Most Recent Note - 1/28/2020 12:50:26 PM Y - Poised for a best-ever close with today's early gain. Gapped up and touched a new all-time high on the prior session, rising from a cup-with-handle base pattern with volume +514% above average behind the considerable gain triggering a technical buy signal. Bullish action came after it reported earnings +48% on +37% sales revenues for the Dec '19 quarter. Fundamentals remained strong while it went through a deep consolidation below its 200 DMA line since dropped from the Featured Stocks list on 9/09/19. >>> FEATURED STOCK ARTICLE : Gapped Up Today Following Another Strong Earnings Report - 1/24/2020 \| 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	$127.60	+1.81 1.44%	$128.10	280,782 96.82% of 50 DAV 50 DAV is 290,000	$131.00 -2.60%	11/14/2019	$106.87	PP = $112.43
								MB = $118.05
Most Recent Note - 1/27/2020 5:27:01 PM G - Color code is changed to green after rising above its "max buy" level. Showed resilience today and ended in the upper third of its intra-day range with a small loss on higher volume after wedging to new highs with recent gains lacking great volume conviction. Its 50 DMA line ($107.40) defines important near-term support to watch on pullbacks. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Gain for New High Today Backed by Only +12% Above Average Volume - 1/15/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
STNE - NASDAQ Stoneco Ltd Cl A Finance-CrdtCard/PmtPr	$44.30	+0.86 1.98%	$44.32	2,301,596 114.79% of 50 DAV 50 DAV is 2,005,000	$45.62 -2.89%	1/22/2020	$43.94	PP = $45.72
								MB = $48.01
Most Recent Note - 1/27/2020 5:19:55 PM Y - Gapped down today abruptly retreating from near its 52-week high and testing its 50 DMA line ($39.71). More damaging losses would raise concerns. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a technical buy signal. >>> FEATURED STOCK ARTICLE : Perched Near High With Best-Ever Close After Volume-Driven Gain - 1/22/2020 \| 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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