FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, APRIL 17TH, 2017

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Indices				NYSE			Nasdaq
DOW	+183.67	20,636.92	+0.90%	Volume	855,649,200	-6%	Volume	1,243,653,000	-15%
NASDAQ	+51.64	5,856.79	+0.89%	Advancers	2,184	75%	Advancers	2,002	70%
S&P 500	+20.06	2,349.01	+0.86%	Decliners	743	25%	Decliners	851	30%
Russell 2000	+15.94	1,361.18	+1.18%	52 Wk Highs	75		52 Wk Highs	38
S&P 600	+9.62	825.24	+1.18%	52 Wk Lows	19		52 Wk Lows	49

Indices Rebounded With More Leadership But Lighter Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished firmly higher on Monday. The Dow was up 183 points to 20636. The S&P 500 added 20 points to 2349 and the Nasdaq Composite gained 51 points to 5856. The S&P 500 Index and Dow Jones Industrial Average rebounded near their respective 50-day moving average (DMA) lines, however, only the Nasdaq Composite Index closed the session above its 50 DMA line. The volume totals reported were lighter than the prior session total on the NYSE and on the Nasdaq exchange, leaving questions regarding the level of institutional buying conviction. Breadth was solidly positive as advancers led decliners by 3-1 on the NYSE and more than 2-1 on the Nasdaq exchange. Leadership improved as there were 19 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, up from the total of 8 on the prior session. New 52-week highs totals still outnumbered new 52-week lows on the NYSE, but new lows again outnumbered new highs on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average rebounded near its 50-day moving average (DMA) line with a big gain on Monday backed by lighter volume. 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 advanced on the session as geopolitical concerns eased and investors looked ahead to the start of earnings season. Tensions rose over the weekend as Vice President Mike Pence said the “era of strategic patience” with North Korea is over. On the data front from Friday, a gauge of inflation showed that consumer prices fell 0.3% in March, below expectations. Overseas, the Chinese economy accelerated 6.9% for the quarter, helped by strength in housing, infrastructure investment, exports and retail sales.

All 11 sectors in the S&P 500 ended in positive territory. In M&A news, Alere (ALR +15.93%) was up after agreeing to a $5.3 billion takeover bid from Abbott Laboratories (ABT +1.50%). In earnings, M&T Bank (MTB +3.91%) rose after reporting better-than-expected quarterly profit. Netflix (NFLX +3.03%) rose ahead of its scheduled release after the closing bell. Health Care stocks fluctuated with Eli Lilly (LLY -4.08%) down after failing to receive FDA approval for a new arthritis drug developed with partner Incyte. Incyte (INCY -10.49%) fell amid the news.

Treasuries finished mostly lower with the benchmark 10-year note down 4/32 to yield 2.25%. In commodities, NYMEX WTI crude lost 1% to $52.65/barrel. In FOREX, the Dollar Index fell 0.2%.

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, Financial and Tech Groups Led Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX +1.26%), Bank Index ($BKX +1.90%) and the Broker/Dealer Index ($XBD +1.22%) unanimously rose, lifting on the major indices on Monday. The tech sector saw its best gains from the Semiconductor Index ($SOX +1.31%) and the Networking Index ($NWX +1.18%) while the Biotechnology Index ($BTK +0.12%) sputtered. The Oil Services Index ($OSX +0.18%) and the Integrated Oil Index ($XOI +0.50%) both had a slightly positive bias while the Gold & Silver Index ($XAU -0.05%) finished flat.

Charts courtesy www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI +0.50%) is sputtering below its 50-day and 200-day moving average (DMA) lines.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	164.62	+0.30	+0.18%	-10.43%
Integrated Oil	$XOI	1,176.64	+5.81	+0.50%	-7.20%
Semiconductor	$SOX	972.56	+12.55	+1.31%	+7.29%
Networking	$NWX	443.68	+5.19	+1.18%	-0.54%
Broker/Dealer	$XBD	206.41	+2.50	+1.22%	+0.55%
Retail	$RLX	1,449.27	+18.01	+1.26%	+7.91%
Gold & Silver	$XAU	89.36	-0.04	-0.04%	+13.31%
Bank	$BKX	89.69	+1.67	+1.90%	-2.29%
Biotech	$BTK	3,529.80	+4.25	+0.12%	+14.79%

Positive Reversal After Intra-day Low Undercut Prior Lows
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Centerstate Banks Inc (CSFL +$0.30 or +1.26% to $24.04) managed a "positive reversal" for a gain today with higher (but below average) volume after intra-day lows briefly undercut the prior lows noted as an important support level. More damaging losses would raise serious concerns. The ongoing slump below its 50-day moving average (DMA) line remains a problem chart-wise, and a rebound above the 50 DMA line ($25.08) is needed for its outlook to improve.

It was last shown in this FSU section on 3/15/17 with an annotated graph under the headline, "Gain Backed By Volume For Best Ever Close". A subsequent gain backed by +210% above average volume on 3/17/17 cleared the a new pivot point cited based on its 1/26/17 high plus 10 cents and triggered a new (or add-on) technical buy signal. However, it stalled immediately and encountered distributional pressure.

CSFL traded up as much as +48% since highlighted in yellow at $18.20 in the 10/10/16 mid-day report (read here). It was first featured at $15.80 in the 5/27/16 mid-day report (read here). The company completed a new Public Offering of shares on 1/10/17. Such offerings often help companies to attract greater institutional ownership interest, although they can also hinder upward price progress for a while. The number of top-rated funds owning its shares rose from 180 in Jun '15 to 287 in Mar '17, a reassuring sign. Its current Up/Down Volume ratio of 1.0 is an unbiased indication its shares have been neutral, neither being accumulated or distributed noticeably over the past 50 days (I criteria). It currently has a Timeliness Rating of A and a Sponsorship rating of B.

The Dec '16 quarter marked its 9th consecutive earnings increase above the +25% minimum guideline (C criteria), and its annual earnings (A criteria) history has been good. Its small supply of only 49 millions shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling.

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	$23.48	+0.46 2.00%	$23.50	193,548 43.30% of 50 DAV 50 DAV is 447,000	$25.13 -6.57%	2/13/2017	$24.84	PP = $23.10
								MB = $24.26
Most Recent Note - 4/13/2017 5:02:59 PM G - Loss today undercut its 50 DMA line ($23.52) raising concerns and its color code is changed to green. Subsequent deterioration below the recent low ($21.89 on 3/22/17) would raise more serious concerns and trigger a worrisome technical sell signal. >>> 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	$24.04	+0.30 1.26%	$24.29	248,872 87.32% of 50 DAV 50 DAV is 285,000	$26.94 -10.76%	3/13/2017	$25.54	PP = $26.40
								MB = $27.72
Most Recent Note - 4/17/2017 5:48:46 PM G - Managed a "positive reversal" today after briefly undercutting its recent low ($23.70 on 3/27/17). More damaging losses would raise even greater concerns. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Positive Reversal After Intra-day Low Undercut Prior Lows - 4/17/2017 \| 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	$86.90	+1.60 1.88%	$86.95	94,824 60.78% of 50 DAV 50 DAV is 156,000	$90.55 -4.03%	2/14/2017	$84.30	PP = $82.28
								MB = $86.39
Most Recent Note - 4/13/2017 5:00:48 PM Y - Consolidating in an orderly fashion above near-term support at its 50 DMA line ($84.03). Old highs the $82 area define the next important support level to watch. >>> 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
HTHT - NASDAQ China Lodging Group Ads LEISURE - Lodging	$60.25	+1.35 2.29%	$60.54	101,199 64.46% of 50 DAV 50 DAV is 157,000	$64.32 -6.33%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 4/17/2017 6:05:28 PM G - Found prompt support near its 50 DMA line ($58.95) after damaging losses last week. Subsequent losses below the 50 DMA line and recent low ($57.89 on 4/11/17) would raise greater concerns and trigger a more worrisome technical sell signal. Repeatedly noted with caution - "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
SIRI - NASDAQ Sirius X M Holdings Inc MEDIA - Broadcasting - Radio	$5.05	-0.05 -0.98%	$5.13	16,375,555 70.61% of 50 DAV 50 DAV is 23,191,000	$5.53 -8.68%	3/13/2017	$5.48	PP = $5.32
								MB = $5.59
Most Recent Note - 4/13/2017 4:57:56 PM Y - Consolidating just above its 50 DMA line ($5.07) 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. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Consolidating Above Near-Term Support Level - 4/13/2017 \| 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
BEAT - NASDAQ BioTelemetry Inc Medical-Services	$30.80	+0.35 1.15%	$30.85	272,636 64.91% of 50 DAV 50 DAV is 420,000	$31.70 -2.84%	2/14/2017	$25.10	PP = $24.55
								MB = $25.78
Most Recent Note - 4/17/2017 5:47:22 PM G - Gain today with below average volume led to a best-ever close. 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 Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$283.17	+0.49 0.17%	$284.73	325,865 50.33% of 50 DAV 50 DAV is 647,500	$289.27 -2.11%	3/6/2017	$274.96	PP = $278.73
								MB = $292.67
Most Recent Note - 4/17/2017 5:59:57 PM Y - Still consolidating near its all-time high with volume totals cooling. Its Relative Strength rating has slumped to 78, below the 80+ minimum guideline for buy candidates. 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. >>> 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	$37.81	+0.99 2.69%	$37.86	343,616 49.23% of 50 DAV 50 DAV is 698,000	$38.53 -1.87%	4/4/2017	$36.38	PP = $36.81
								MB = $38.65
Most Recent Note - 4/17/2017 6:08:19 PM Y - Finished near the session high today with a big gain on lighter volume for its second-best close ever. Its 50 DMA line ($35.83) and recent lows define important near-term support. Recently rose 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. >>> 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	$50.80	+0.13 0.26%	$51.23	1,000,347 80.35% of 50 DAV 50 DAV is 1,245,000	$51.95 -2.21%	3/16/2017	$49.00	PP = $48.05
								MB = $50.45
Most Recent Note - 4/17/2017 6:01:38 PM G - Hovering near its all-time high, stubbornly holding its ground. Prior highs in the $47-48 area define support coinciding with its 50 DMA line. >>> 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
ANET - NYSE Arista Networks Inc TELECOMMUNICATIONS - Communication Equipment	$132.75	+1.39 1.06%	$133.20	480,687 55.19% of 50 DAV 50 DAV is 871,000	$135.27 -1.86%	4/17/2017	$132.75	PP = $135.27
								MB = $142.03
Most Recent Note - 4/17/2017 5:45:41 PM Y - Volume totals have been cooling while stubbornly holding its ground, remaining perched near its all-time high. It has formed an advanced "3-weeks tight" base and its color code is changed to yellow. Subsequent volume-driven gains above the new pivot point cited would trigger a new (or add-on) technical buy signal. >>> 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
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
IBP - NYSE Installed Building Prod DIVERSIFIED SERVICES - Business/Management Services	$51.75	+1.15 2.27%	$51.80	103,577 67.70% of 50 DAV 50 DAV is 153,000	$53.00 -2.36%	4/17/2017	$51.75	PP = $53.10
								MB = $55.76
Most Recent Note - 4/17/2017 5:52:59 PM Y - Volume totals have been cooling while hovering in a tight range near its all-time high. It recently formed an advanced "3-weeks tight" base and its color code is changed to yellow. Subsequent volume-driven gains above the new pivot point cited may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($47.83) 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	$76.77	+1.56 2.07%	$76.83	90,765 53.71% of 50 DAV 50 DAV is 169,000	$79.94 -3.97%	4/17/2017	$76.77	PP = $80.04
								MB = $84.04
Most Recent Note - 4/17/2017 5:57:11 PM Y - Trading light volume while building a new flat base within close striking distance of its all-time high. Color code is changed to yellow with new pivot point cited based on its 3/01/17 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($72.66) defines near-term support to watch above prior highs in the $69 area. >>> 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	$60.28	+0.38 0.63%	$60.65	691,672 84.87% of 50 DAV 50 DAV is 815,000	$63.12 -4.50%	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
OLLI - NASDAQ Ollie's Bargain Outlet Retail-DiscountandVariety	$34.90	+1.60 4.80%	$35.10	1,302,933 240.84% of 50 DAV 50 DAV is 541,000	$35.80 -2.51%	3/27/2017	$32.80	PP = $33.55
								MB = $35.23
Most Recent Note - 4/17/2017 12:33:30 PM Y - Perched near its all-time high and poised for a best-ever close with today's gain. 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
MOMO - NASDAQ Momo Inc Ads Cl A INTERNET - Content	$38.40	+0.22 0.58%	$38.65	2,273,305 46.38% of 50 DAV 50 DAV is 4,902,000	$39.25 -2.17%	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
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

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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