FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, April 12th, 2017

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AFTER MARKET UPDATE - WEDNESDAY, APRIL 12TH, 2017

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Indices				NYSE			Nasdaq
DOW	-59.44	20,591.86	-0.29%	Volume	892,995,080	-4%	Volume	1,509,439,810	-9%
NASDAQ	-30.61	5,836.16	-0.52%	Advancers	925	32%	Advancers	873	31%
S&P 500	-8.85	2,344.93	-0.38%	Decliners	1,992	68%	Decliners	1,934	69%
Russell 2000	-17.75	1,359.20	-1.29%	52 Wk Highs	73		52 Wk Highs	64
S&P 600	-11.56	825.23	-1.38%	52 Wk Lows	14		52 Wk Lows	34

Major Indices' Charts Show Signs of Technical Deterioration
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished lower on Wednesday. The Dow was down 59 points to 20591 and closed below its 50-day moving average line. The S&P 500 lost 8 points to 2344 and the Nasdaq Composite fell 30 points to 5836. The volume totals reported were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by 2-1 on the NYSE and on the Nasdaq exchange. There were 20 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 19 on the prior session. New 52-week highs totals still outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index closed Wednesday's session below its 50-day moving average (DMA) line. Subsequent losses leading to a violation of the recent low would raise greater concerns regarding the market rally's health.

Leadership thinned with respect to the number of high-ranked stocks hitting new highs as the major averages' (M criteria) uptrend recently came under pressure. New buying efforts should only be made in candidates with superior fundamental and technical characteristics. The Featured Stocks Page lists noteworthy high-ranked leaders.

The major averages declined as investors digested geopolitical concerns and looked ahead to the beginning of earnings season. Overseas, U.S. Secretary of State Rex Tillerson visited Moscow on Wednesday, stating in a news conference that U.S.-Russia relations are at a “low point” and need to improve. Geopolitical tensions have simmered ahead of first-quarter earnings season. According to FactSet data, consensus estimates are for a 9.1% year-over-year increase in S&P 500 profits this quarter.

Seven of 11 sectors in the S&P 500 ended in negative territory. Industrials led the losses with Caterpillar (CAT -2.31%) falling. Fastenal (FAST -8.05%) fell amid disappointing quarterly results on elevated expectations. In the consumer space, Tractor Supply (TSCO -8.32%) slumped after releasing a negative preannouncement. Technology stocks finished mixed with Qualcomm (QCOM -3.54%) down after the chipmaker lost an arbitration case to Blackberry (BBRY +16.04%) . Shares of HP, Inc. (HPQ +2.74%) rose after being the subject of positive analyst commentary.

Treasuries advanced with the benchmark 10-year note up 9/32 to yield 2.26%. In commodities, NYMEX WTI crude lost 0.9% to $52.91/barrel. In FOREX, the Dollar Index retreated 0.5% after President Donald Trump said the currency is getting “too strong.”

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.

Biotechnology and Gold & Silver Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Gold & Silver Index ($XAU +0.46%) and Biotechnology Index ($BTK +0.74%) both posted gains on Wednesday. The Retail Index ($RLX -0.79%), Bank Index ($BKX -1.08%) and the Broker/Dealer Index ($XBD -1.19%) fell, weighing on the major indices. The tech sector saw its biggest loss from the Semiconductor Index ($SOX -1.71%), and the Networking Index ($NWX -0.79%) also edged lower. The Oil Services Index ($OSX -1.75%) outpaced the Integrated Oil Index ($XOI -0.40%) to the downside.

Charts courtesy www.stockcharts.com

PICTURED: The Oil Services Index ($OSX -1.75%) has recently met resistance at its 50-day moving average (DMA) line while consolidating near its 200 DMA line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	168.55	-3.00	-1.75%	-8.29%
Integrated Oil	$XOI	1,191.07	-4.82	-0.40%	-6.07%
Semiconductor	$SOX	966.55	-16.79	-1.71%	+6.63%
Networking	$NWX	440.50	-3.50	-0.79%	-1.26%
Broker/Dealer	$XBD	205.66	-2.47	-1.19%	+0.18%
Retail	$RLX	1,443.05	-11.51	-0.79%	+7.45%
Gold & Silver	$XAU	89.43	+0.41	+0.46%	+13.40%
Bank	$BKX	89.30	-0.97	-1.07%	-2.71%
Biotech	$BTK	3,478.31	+25.49	+0.74%	+13.12%

Weak Technical Action Hurts Outlook for Fiber Optics Firm
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Lumentum Holdings Inc (LITE -$1.45 or -3.17% to $44.25) suffered its 8th loss in the span of 9 sessions as it fell further below its 50-day moving average (DMA) line with higher volume and closed near the session low. It closed -20.9% off its 52-week high and it will be dropped from the Featured Stocks list tonight. Weak action has completely negated all of the gains it had made following the prior breakout and additional rally to new highs. A rebound above the 50 DMA line is needed for its outlook to improve.

Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. The weak technical action again begs a question as to why prior buying demand has not yet returned to show support. LITE cleared a pivot point based on its 12/09/16 high plus 10 cents when highlighted in the 2/08/17 mid-day report (read here). The big gain and strong finish triggered a convincing technical buy signal.

It was last shown in this FSU section with an annotated graph on 3/14/17 under the headline, "Support Elusive Following Prior Demand". Its fundamentals remain strong after it reported earnings +73% on +21% sales revenues for the Dec '16 quarter, continuing its strong earnings track record. This high-ranked leader from the Telecom - Fiber Optics group has shown sales revenues growth helping it match with the fact-based investment system's fundamental guidelines. Its annual earnings (A criteria) history has been strong, helping it earn the highest possible Earnings Per Share (EPS) rank of 99, well above the +80 minimum guideline.

The number of top-rated funds owning its shares rose from 266 in Dec '15 to 435 in Mar '17, a reassuring sign concerning the I criteria. It has a Timeliness Rating of B and a Sponsorship Rating of B.

Charts used 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
SBCF - NASDAQ Seacoast Banking Corp Fl BANKING - Regional - Mid-Atlantic Banks	$23.50	-0.45 -1.88%	$23.90	224,608 50.47% of 50 DAV 50 DAV is 445,000	$25.13 -6.49%	2/13/2017	$24.84	PP = $23.10
								MB = $24.26
Most Recent Note - 4/6/2017 5:22:26 PM Y - Managed a "positive reversal" today after undercutting its 50 DMA line ($23.34). Subsequent deterioration below the 50 DMA line and recent low ($21.89 on 3/22/17) would raise more serious concerns and trigger technical sell signals. >>> FEATURED STOCK ARTICLE : Rebound After Slump Below 50-Day Average Into Prior Base - 3/28/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CSFL - NASDAQ Centerstate Banks Inc Banks-Southeast	$24.41	-0.28 -1.13%	$24.74	184,564 63.42% of 50 DAV 50 DAV is 291,000	$26.94 -9.38%	3/13/2017	$25.54	PP = $26.40
								MB = $27.72
Most Recent Note - 4/12/2017 5:46:48 PM G - Quietly lingering below its 50 DMA line ($25.12). Subsequent losses below its recent low ($23.70 on 3/27/17) would raise greater concerns. >>> FEATURED STOCK ARTICLE : Gain Backed By Volume For Best Ever Close - 3/15/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NSP - NYSE Insperity Inc Comml Svcs-Outsourcing	$85.70	-0.75 -0.87%	$86.70	64,473 40.55% of 50 DAV 50 DAV is 159,000	$90.55 -5.36%	2/14/2017	$84.30	PP = $82.28
								MB = $86.39
Most Recent Note - 4/6/2017 5:20:57 PM Y - Quietly consolidating just below its "max buy" level. Old highs the $82 area define support along with its 50 DMA line ($82.66). >>> FEATURED STOCK ARTICLE : Ordinary Pullback From Highs With Lighter Volume - 3/22/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NTES - NASDAQ Netease Inc Adr INTERNET - Internet Information Providers	$265.43	-2.57 -0.96%	$271.89	972,506 82.07% of 50 DAV 50 DAV is 1,185,000	$308.66 -14.01%	2/10/2017	$259.30	PP = $272.68
								MB = $286.31
Most Recent Note - 4/12/2017 5:42:10 PM Slumping well below prior highs in the $272 area raising greater concerns. Failed to rebound after recently violating its 50 DMA line as volume-driven losses triggered a technical sell signal. It will be dropped from the Featured Stocks list tonight. A prompt rebound above the 50 DMA line is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Consolidating in Tight Range Following Breakaway Gap - 3/23/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HTHT - NASDAQ China Lodging Group Ads LEISURE - Lodging	$59.21	+0.97 1.67%	$59.53	511,709 350.49% of 50 DAV 50 DAV is 146,000	$64.32 -7.94%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 4/12/2017 12:31:40 PM G - Holding its ground today near its 50 DMA line ($58.77) after a volume-driven loss raised concerns and triggered a technical sell signal on the prior session. The 2 latest quarterly comparisons (Sep and Dec '16) were below the +25% minimum earnings guideline (C criteria), and its waning sales revenues growth rate was also noted recently as a fundamental concern. >>> FEATURED STOCK ARTICLE : Bullish Action Led to +54% Rally Since First Featured - 3/17/2017 \| 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
SIRI - NASDAQ Sirius X M Holdings Inc MEDIA - Broadcasting - Radio	$5.09	+0.03 0.59%	$5.12	20,359,481 87.33% of 50 DAV 50 DAV is 23,314,000	$5.53 -7.96%	3/13/2017	$5.48	PP = $5.32
								MB = $5.59
Most Recent Note - 4/12/2017 5:53:55 PM Y - Still quietly consolidating just above its 50 DMA line ($5.06) and recent low ($5.04 on 3/27/17). More damaging losses would raise greater concerns. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. >>> FEATURED STOCK ARTICLE : Breakout From Advanced Base Pattern Backed By Very Heavy Volume - 3/13/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
BEAT - NASDAQ BioTelemetry Inc Medical-Services	$30.65	-0.10 -0.33%	$30.80	442,717 105.91% of 50 DAV 50 DAV is 418,000	$31.70 -3.31%	2/14/2017	$25.10	PP = $24.55
								MB = $25.78
Most Recent Note - 4/11/2017 12:11:26 PM G - Gapped up on the prior session hitting new highs on M&A news. Disciplined investors avoid chasing extended stocks. During recent consolidations it found support well above its 50 DMA line and above prior highs in the $24 area. >>> FEATURED STOCK ARTICLE : Perched Near High, Extended From Prior Base - 4/3/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ULTA - NASDAQ Ulta Beauty Inc SPECIALTY RETAIL - Specialty Retail, Other	$283.78	-2.87 -1.00%	$286.18	335,713 50.94% of 50 DAV 50 DAV is 659,000	$289.27 -1.90%	3/6/2017	$274.96	PP = $278.73
								MB = $292.67
Most Recent Note - 4/7/2017 5:25:31 PM Y - Still consolidating near its all-time high with volume totals cooling. Prior highs in the $278 area define support along with its 50 DMA line. Subsequent losses leading to violations would raise concerns and trigger technical sell signals. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Volume Totals Cooling Following Technical Breakout - 4/7/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ESNT - NYSE Essent Group Ltd Finance-MrtgandRel Svc	$37.79	-0.19 -0.50%	$38.53	560,036 79.10% of 50 DAV 50 DAV is 708,000	$38.10 -0.81%	4/4/2017	$36.38	PP = $36.81
								MB = $38.65
Most Recent Note - 4/11/2017 6:37:42 PM Y - Posted 2 consecutive gains with lighter than average volume for best ever closes. Rising above the new pivot point cited based on its 3/16/17 high, the middle peak of the "double bottom" base formed over the prior 8 weeks. Its 50 DMA line and recent lows define important near-term support. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Quiet Volume Behind Gain for New High Close - 4/10/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
VEEV - NYSE Veeva Systems Inc Cl A Computer Sftwr-Medical	$50.48	-0.57 -1.12%	$51.46	617,849 49.51% of 50 DAV 50 DAV is 1,248,000	$51.95 -2.83%	3/16/2017	$49.00	PP = $48.05
								MB = $50.45
Most Recent Note - 4/10/2017 5:49:20 PM G - Touched a new all-time high today but reversed into the red for a loss on average volume. Prior highs in the $47-48 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Breakout Gain for New Highs Backed by Three Times Average Volume - 3/16/2017 \| 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
ANET - NYSE Arista Networks Inc TELECOMMUNICATIONS - Communication Equipment	$131.47	-1.86 -1.40%	$133.75	726,600 83.81% of 50 DAV 50 DAV is 867,000	$135.27 -2.81%	3/6/2017	$119.43	PP = $123.22
								MB = $129.38
Most Recent Note - 4/7/2017 5:31:44 PM G - Pulled back slightly today with light volume, remaining perched near its all-time high, extended from any sound base. Disciplined investors avoid chasing extended stocks. >>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After a Considerable Rally - 4/5/2017 \| 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	$26.50	-0.48 -1.78%	$27.11	27,698 31.48% of 50 DAV 50 DAV is 88,000	$29.43 -9.96%	1/23/2017	$27.30	PP = $27.87
								MB = $29.26
Most Recent Note - 4/12/2017 5:44:58 PM Quietly slumped further below its 50 DMA line today to a 10-week low. Recently undercut the prior low ($26.82 on 3/10/17) raising more serious concerns. It will be dropped from the Featured Stocks list tonight. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Fundamental and Technical Deterioration Recently Noted - 4/11/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
IBP - NYSE Installed Building Prod DIVERSIFIED SERVICES - Business/Management Services	$51.45	-0.35 -0.68%	$51.85	73,016 46.81% of 50 DAV 50 DAV is 156,000	$53.00 -2.92%	2/27/2017	$44.83	PP = $44.40
								MB = $46.62
Most Recent Note - 4/7/2017 5:29:50 PM G - Volume totals have been cooling while hovering in a tight range near its all-time high, extended from its prior base. Its 50 DMA line ($46.80) defines initial support to watch above prior highs in the $44 area. >>> FEATURED STOCK ARTICLE : Hovering Near All-Time High Following Volume-Driven Gains - 4/4/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
INGN - NASDAQ Inogen Inc HEALTH SERVICES - Medical Instruments and Supplies	$76.02	-0.80 -1.04%	$77.81	108,044 63.93% of 50 DAV 50 DAV is 169,000	$79.94 -4.90%	2/27/2017	$68.69	PP = $69.94
								MB = $73.44
Most Recent Note - 4/10/2017 5:52:03 PM G - Traded light volume today while pulling back from its all-time high. It is extended from its prior base. Its 50 DMA line ($71.69) and prior highs in the $69 area define important near-term support to watch. >>> FEATURED STOCK ARTICLE : Best Ever Close For High-Ranked Medical Product Maker - 3/31/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PLAY - NASDAQ Dave & Buster's Ent Inc Retail-Restaurants	$59.63	-0.10 -0.17%	$60.04	569,486 69.45% of 50 DAV 50 DAV is 820,000	$63.12 -5.53%	2/23/2017	$55.41	PP = $58.35
								MB = $61.27
Most Recent Note - 4/12/2017 5:50:18 PM G - Holding its ground with lighter volume after volume-driven gains for new all-time highs. Reported earnings +19% on +15% sales revenues for the Jan '17 quarter, below the +25% minimum guideline (C criteria). Its 50 DMA line ($58.14) defines near-term support to watch. >>> FEATURED STOCK ARTICLE : Retreated From All-Time High Following Earnings Report - 3/29/2017 \| 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
OLLI - NASDAQ Ollie's Bargain Outlet Retail-DiscountandVariety	$33.70	-0.60 -1.75%	$34.30	283,987 51.92% of 50 DAV 50 DAV is 547,000	$35.80 -5.87%	3/27/2017	$32.80	PP = $33.55
								MB = $35.23
Most Recent Note - 4/12/2017 5:49:06 PM Y - Still quietly hovering near its all-time high and near the prior pivot point. Stubbornly holding its ground after reporting earnings +22% on +16% sales revenues for the Jan '17 quarter, below the +25% minimum earnings guideline (C criteria). >>> FEATURED STOCK ARTICLE : No Resistance Remains and Earnings News is Due - 3/27/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LITE - NASDAQ Lumentum Holdings Inc TELECOMMUNICATIONS - Cables / Satalite Equipment	$44.25	-1.45 -3.17%	$46.30	2,159,586 113.36% of 50 DAV 50 DAV is 1,905,000	$55.92 -20.88%	2/8/2017	$44.60	PP = $44.80
								MB = $47.04
Most Recent Note - 4/12/2017 5:36:50 PM Slumped further below its 50 DMA line and finished near the session low with a loss on higher volume. It will be dropped from the Featured Stocks list tonight. Only a prompt rebound above the 50 DMA line would help its outlook improve. See the latest FSU analysis for more details. >>> FEATURED STOCK ARTICLE : Weak Technical Action Hurts Outlook for Fiber Optics Firm - 4/12/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
MOMO - NASDAQ Momo Inc Ads Cl A INTERNET - Content	$37.86	+0.49 1.31%	$39.25	5,510,266 115.86% of 50 DAV 50 DAV is 4,756,000	$38.99 -2.90%	3/7/2017	$29.71	PP = $27.83
								MB = $29.22
Most Recent Note - 4/12/2017 12:35:03 PM G - Hitting yet another new all-time high with today's gain, getting very extended from the previously noted base. Its 50 DMA line ($30) and prior highs in the $28 area define important support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near High - 4/6/2017 \| 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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