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AFTER MARKET UPDATE - FRIDAY, MAY 19TH, 2017
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Indices NYSE Nasdaq
DOW  +141.82 20,804.84 +0.69% Volume 1,263,815,060 +8% Volume 1,728,828,470 -10%
NASDAQ +28.57 6,083.70 +0.47% Advancers 2,229 76% Advancers 1,805 64%
S&P 500 +16.01 2,381.73 +0.68% Decliners 708 24% Decliners 1,030 36%
Russell 2000 +6.25 1,367.33 +0.46% 52 Wk Highs 95   52 Wk Highs 100  
S&P 600 +3.88 828.12 +0.47% 52 Wk Lows 41   52 Wk Lows 55  

Dow Industrials and S&P 500 Index Rose Above 50-Day Averages

For the week, the Dow was down 0.4%, the S&P 500 lost 0.4%, and the Nasdaq fell 0.6%. Stocks finished higher on Friday. The Dow was up 141 points to 20804. The S&P 500 added 16 points to 2381 and the Nasdaq Composite gained 28 points to 6083. The volume reported were mixed, higher than the prior session total on the NYSE and lighter on the Nasdaq exchange. Advancers led decliners by 3-1 on the NYSE and 9-5 on the Nasdaq exchange.  Leadership improved as there were 33 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 17 on the prior session. New 52-week highs 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 rebounded to end the week above its 50-day moving average (DMA) line.

The major averages (M criteria) saw their uptrend come under greater pressure on Wednesday, and recently there has been less market leadership (number of high-ranked stocks hitting new highs). If market conditions continue to deteriorate, disciplined investors will reduce exposure and raise cash levels in their portfolios by selling stocks showing signs of deterioration on a case-by-case basis. ThFeatured Stocks Page lists noteworthy high-ranked leaders.

The major averages advanced on the session as political concerns eased and investors focused on economic and corporate earnings growth. Stocks experienced their biggest sell-off of the year earlier this week as investors weighed President Trump’s chances to deliver on his pro-growth agenda. Rising oil prices were a catalyst in boosting stocks on Friday. NYMEX WTI crude added 1.7% to $50.19/barrel ahead of next week’s OPEC meeting where production cuts are expected to be extended.

All 11 sectors in the S&P 500 ended in positive territory. Technology stocks outperformed with Qualcomm (QCOM +2.78%) on the rise, and Autodesk (ADSK +14.69%) up considerably as the company saw strong increases in subscription numbers this quarter. Elsewhere in earnings, Deere & Co (DE +7.30%) rose after the heavy equipment maker reported better-than-expected quarterly profit. McKesson (MCK 8.18%) amid strong results in pharmaceutical distribution and services. In the consumer space, Foot Locker (FL -16.66%) as quarterly revenue fell short of Street forecasts. Symantec (SYMC -2.44%) fell after being the subject of negative analyst commentary.

Treasuries declined with the benchmark 10-year note down 3/32 to yield 2.23%. In commodities, COMEX gold gained 0.2% to $1254.80/ounce. In FOREX, the Dollar Index fell 0.7%.

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.


Commodity-Linked Groups, Financials, and Semiconductor Index Rose

The financial indexes posted additional gains on Friday as the Broker/Dealer Index ($XBD +0.79%) and the Bank Index ($BKX +0.87%) both roseThe Retail Index ($RLX +0.22%) also edged higher. Commodity-linked groups had a positive bias as the Gold & Silver index ($XAU +1.09%), Integrated Oil Index ($XOI +1.39%) and the Oil Services Index ($OSX +2.74%) roseThe tech sector was mixed as the Semiconductor Index ($SOX +1.09%) and the Networking Index ($NWX +0.36%) rose, but the Biotechnology Index ($BTK -0.83%) fell.

Charts courtesy www.stockcharts.com

PICTURED: The Networking Index ($NWX +0.36%) undercut prior lows and slumped near its 200-day moving average (DMA) line.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  152.45 +4.06 +2.74% -17.05%
Integrated Oil $XOI  1,162.95 +15.94 +1.39% -8.28%
Semiconductor $SOX  1,060.77 +11.48 +1.09% +17.02%
Networking $NWX  436.23 +1.56 +0.36% -2.21%
Broker/Dealer $XBD  210.29 +1.65 +0.79% +2.44%
Retail $RLX  1,503.97 +3.33 +0.22% +11.99%
Gold & Silver $XAU  85.16 +0.91 +1.08% +7.99%
Bank $BKX  90.02 +0.78 +0.87% -1.93%
Biotech $BTK  3,609.02 -30.02 -0.83% +17.37%


Retailer Rallied +25% in 2 Months Since Featured

Ollie's Bargain Outlet (OLLI +$0.95 or +2.41% to $40.45) is challenging its all-time high. It is very extended from any sound base. Recently it reported earnings +22% on +16% sales revenues for the Jan '17 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. It still has a very strong 97 Earnings Per Share (EPS) rating. Results were above the +25% minimum earnings guideline for the prior 7 quarters. Its annual earnings (A criteria) history has been good.

Its 50 DMA line ($35.64) defines near-term support to watch. OLLI was last shown in this FSU section on 4/24/17 with an annotated graph under the headline, "Winning Streak Continues for Discount Retailer". The Retail - Discount & Variety firm traded up as much as +25.9% since highlighted in yellow with new pivot point cited based on its 2/21/17 high plus 10 cents in the 3/27/17 mid-day report (read here).

OLLI was first highlighted in yellow with a pivot point based on its 4/28/16 high plus 10 cents in 7/19/16 mid-day report (read here). OLLI completed its $16 IPO on 7/16/15. It completed a Secondary Offerings on 6/06/16 and 2/18/16. The number of top-rated funds owning its shares rose from 98 in Sep '15 to 355 in Mar '17, a reassuring sign concerning the I criteria. Its small supply of only 60.9 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling.

Charts courtesy 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  
$23.04 +0.15
0.66%

$23.44

351,821
105.65% of 50 DAV
50 DAV is 333,000
$25.88
-10.97%
4/24/2017 $25.33 PP = $24.38
MB = $25.60
Most Recent Note - 5/18/2017 1:13:20 PM
G - Managed a "positive reversal" after early losses undercutting the prior low ($21.89 on 3/22/17). A rebound above the 50 DMA line ($23.73) is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Pullback Following Recent Gains With Unimpressive Volume - 4/27/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
EW - NYSE
Edwards Lifesciences Cp
HEALTH SERVICES - Medical Appliances and Equipment  
$112.89 +0.94
0.84%

$113.54

1,078,800
61.37% of 50 DAV
50 DAV is 1,758,000
$121.75
-7.28%
5/16/2017 $114.12 PP = $113.04
MB = $118.69
Most Recent Note - 5/17/2017 5:53:42 PM
Y - Pulled back today with near average volume. Highlighted in yellow in the 5/16/17 mid-day report with a pivot point based on its 4/26/17 high after a cup-with-handle base. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Some Overhead Supply Remains For High Ranked Medical Firm - 5/17/2017
 |  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  
$75.95 +1.68
2.26%

$76.27

403,508
193.99% of 50 DAV
50 DAV is 208,000
$81.01
-6.25%
9/29/2016 $46.12 PP = $47.82
MB = $50.21
Most Recent Note - 5/19/2017 12:44:17 PM
G - Extended from any sound base. Prior highs in the $64 area and its 50 DMA line define near-term support to watch.
>>> FEATURED STOCK ARTICLE : Traded Up 108% in 10 Months Since First Highlighted - 5/18/2017
 |  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  
$28.30 +0.85
3.10%

$28.75

372,739
68.52% of 50 DAV
50 DAV is 544,000
$34.00
-16.76%
2/14/2017 $25.10 PP = $24.55
MB = $25.78
Most Recent Note - 5/19/2017 1:24:35 PM
G - Rebounding near its 50 DMA line ($29.23), and gains above that short-term average are needed for its outlook to improve. The 5/04/17 low $26.50 defines important near-term support to watch. Reported earnings -20% on +15% sales revenues for the Mar '17 quarter versus the year ago period, raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Extended From Sound Base and Earnings Below +25% Guideline - 5/3/2017
 |  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  
$294.08 -3.74
-1.26%

$299.66

702,016
111.08% of 50 DAV
50 DAV is 632,000
$301.40
-2.43%
5/5/2017 $293.17 PP = $289.37
MB = $303.84
Most Recent Note - 5/18/2017 7:25:22 PM
Y - Today's gain was backed by +41% above average, a decent confirming gain while rising above the previously cited pivot point, clinching a technical buy signal. Prior highs near the $289 area define important support above its 50 DMA line ($286).
>>> FEATURED STOCK ARTICLE : Holding Ground After Recent Gains Lacking Great Volume - 5/12/2017
 |  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
ESNT - NYSE
Essent Group Ltd
Finance-MrtgandRel Svc  
$35.83 -0.37
-1.02%

$36.63

579,582
86.76% of 50 DAV
50 DAV is 668,000
$39.50
-9.29%
4/4/2017 $36.38 PP = $36.81
MB = $38.65
Most Recent Note - 5/17/2017 1:44:10 PM
Y - Quietly consolidating near its 50 DMA line ($36.53). Subsequent losses below the prior low ($34.08 on 5/05/17) would raise greater concerns and trigger a worrisome technical sell signal.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Outlook - 5/11/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
MTSI - NASDAQ
Macom Tech Solution Hldg
Elec-Semiconductor Mfg  
$56.18 +0.72
1.30%

$57.02

894,655
132.74% of 50 DAV
50 DAV is 674,000
$57.30
-1.95%
5/16/2017 $52.52 PP = $53.89
MB = $56.58
Most Recent Note - 5/17/2017 12:07:24 PM
Y - Pulling back today following a considerable volume-driven gain and technical breakout on the prior session. Finished strong after highlighted in yellow with pivot point cited based on its 12/07/16 high plus 10 cents in the 5/16/17 mid-day report. Fundamentals remain strong through the Mar '17 quarter. Found support at its 200 DMA line and rebounded above the 50 DMA line ($48.66) helping its outlook to improve. It showed resilience since dropped from the Featured Stocks list on 5/03/17. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Big Breakout Gain With More Than 5 Times Average Volume - 5/16/2017
 |  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  
$60.31 +0.77
1.29%

$61.50

1,620,606
125.82% of 50 DAV
50 DAV is 1,288,000
$59.78
0.90%
3/16/2017 $49.00 PP = $48.05
MB = $50.45
Most Recent Note - 5/19/2017 1:28:09 PM
G - Very extended from any sound base and hitting another new all-time high today. Its 50 DMA line ($52.22) defines support above prior highs in the $47-48 area.
>>> FEATURED STOCK ARTICLE : Wedging Into New High Territory, Extended From Sound Base - 5/15/2017
 |  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  
$144.07 +0.59
0.41%

$145.40

617,699
79.29% of 50 DAV
50 DAV is 779,000
$148.60
-3.05%
4/17/2017 $132.75 PP = $135.27
MB = $142.03
Most Recent Note - 5/17/2017 6:06:02 PM
G - Pulled back on average volume today, retreating from all-time highs after 6 consecutive gains.Extended from any sound base. Its 50 DMA line ($135) defines near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Bullish Technical Action Following Recent Earnings - 5/8/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
GRUB - NYSE
Grubhub Inc
COMPUTER SOFTWARE and SERVICES - Technical and System Software  
$43.37 -0.70
-1.59%

$44.56

2,735,772
115.19% of 50 DAV
50 DAV is 2,375,000
$46.84
-7.40%
4/28/2017 $44.22 PP = $44.68
MB = $46.91
Most Recent Note - 5/17/2017 6:09:07 PM
Y - Pulled back below its pivot point with a loss today on higher volume, raising some concerns. A gain backed by at least +40% above average volume and strong close above the pivot point may clinch a technical buy signal.
>>> FEATURED STOCK ARTICLE : Hit New 52-Week High But Ended Near Session Low - 4/28/2017
 |  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  
$48.50 +1.40
2.97%

$48.60

223,985
151.34% of 50 DAV
50 DAV is 148,000
$55.45
-12.53%
4/17/2017 $51.75 PP = $53.10
MB = $55.76
Most Recent Note - 5/19/2017 2:16:06 PM
G - Slumping near the recent low ($46.65 on 5/09/17). Prior highs in the $44 area define the next support level. A rebound above the 50 DMA line ($51.20) is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Due to Report Earnings Prior to Friday's Open - 5/4/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
NCOM - NASDAQ
National Commerce Corp
BANKING - Regional - Southeast Banks  
$37.15 +0.15
0.41%

$37.65

29,343
91.70% of 50 DAV
50 DAV is 32,000
$40.00
-7.13%
4/25/2017 $38.95 PP = $40.09
MB = $42.09
Most Recent Note - 5/18/2017 7:32:53 PM
G - Color code is changed to green after slumping to a close below its 50 DMA line ($37.37). Prior lows in the $35 area define the next important chart support level to watch. A subsequent rebound above the 50 DMA line gain and rally above the pivot point backed by a minimum of +40% above average volume may trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Challenging 52-Week High With Volume-Driven Gains - 4/26/2017
 |  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  
$84.15 +2.45
3.00%

$84.42

187,937
109.90% of 50 DAV
50 DAV is 171,000
$88.62
-5.04%
4/17/2017 $76.77 PP = $80.04
MB = $84.04
Most Recent Note - 5/19/2017 2:18:27 PM
Y - Quietly consolidating above prior highs in the $79 area defining support along with its 50 DMA line ($78.84). Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Wedging Higher With Recent Gains Lacking Great Volume - 5/1/2017
 |  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  
$66.66 -0.04
-0.06%

$67.83

450,870
57.88% of 50 DAV
50 DAV is 779,000
$67.38
-1.07%
2/23/2017 $55.41 PP = $58.35
MB = $61.27
Most Recent Note - 5/18/2017 7:35:30 PM
G - Perched near its all-time high, stubbornly holding its ground. Its 50 DMA line ($62.22) defines near-term support to watch on pullbacks. Latest quarter was below the +25% minimum guideline (C criteria), raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : New Record High With Solid Gain on Near Average Volume - 5/2/2017
 |  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  
$40.45 +0.95
2.41%

$40.83

541,080
84.94% of 50 DAV
50 DAV is 637,000
$41.30
-2.06%
3/27/2017 $32.80 PP = $33.55
MB = $35.23
Most Recent Note - 5/19/2017 5:30:10 PM
G - Challenged its all-time high today. Very extended from any sound base. Reported earnings +22% on +16% sales revenues for the Jan '17 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Its 50 DMA line ($35.65) defines near-term support to watch. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Retailer Rallied +25% in 2 Months Since Featured - 5/19/2017
 |  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
MOMO - NASDAQ
Momo Inc Ads Cl A
INTERNET - Content  
$43.58 +2.17
5.24%

$44.12

6,915,755
125.54% of 50 DAV
50 DAV is 5,509,000
$44.59
-2.27%
3/7/2017 $29.71 PP = $27.83
MB = $29.22
Most Recent Note - 5/19/2017 12:51:55 PM
G - Challenging its all-time high with today's big gain on higher volume. Extended from any sound base. Its 50 DMA line ($36.73) defines important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Hovering Near Record High, Extended From Prior Base - 5/9/2017
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
HLI - NYSE
Houlihan Lokey Inc Cl A
Finance-Invest Bnk/Bkrs  
$34.12 +0.29
0.86%

$34.32

103,108
43.69% of 50 DAV
50 DAV is 236,000
$36.65
-6.90%
5/10/2017 $35.85 PP = $35.05
MB = $36.80
Most Recent Note - 5/17/2017 1:41:18 PM
Y - Pulling back further below its pivot point today raising concerns.Stalled after a "breakaway gap" and considerable gain on 5/10/17 backed by +174% above average volume hitting new all-time highs and triggering a technical buy signal. Its 50 DMA line ($33.49) defines important near-term support.
>>> FEATURED STOCK ARTICLE : Breakaway Gap Followed Strong Earnings News - 5/10/2017
 |  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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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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