FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, JUNE 5TH, 2017

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Indices				NYSE			Nasdaq
DOW	-22.25	21,184.04	-0.10%	Volume	699,703,760	-19%	Volume	1,746,304,570	-4%
NASDAQ	-10.12	6,295.68	-0.16%	Advancers	1,104	38%	Advancers	866	33%
S&P 500	-2.97	2,436.10	-0.12%	Decliners	1,836	62%	Decliners	1,743	67%
Russell 2000	-8.94	1,396.45	-0.64%	52 Wk Highs	161		52 Wk Highs	207
S&P 600	-5.90	846.01	-0.69%	52 Wk Lows	36		52 Wk Lows	62

Major Indices Quietly Ended With Small Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished little changed Monday. The Dow was down 22 points to 21184. The S&P 500 slipped 3 points to 2436 and the Nasdaq Composite fell 10 points to 6295. 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 a 3-2 margin on the NYSE and 2-1 on the Nasdaq exchange. There were 77 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 137 on the prior session. New 52-week highs solidly 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 is quietly perched near its record high.

The major averages (M criteria) are in a confirmed uptrend and there remains a healthy level of market leadership (a large number of high-ranked stocks hitting new highs). New buying efforts should only be made in stocks meeting all fundamental and technical criteria of the fact-based investment system. The Featured Stocks Page lists noteworthy high-ranked leaders.

The major averages declined on the session, pulling back from record levels as investors digested a round of economic releases. The Labor Department reported that productivity growth was flat in the January-March period, after rising at a 1.8% annual rate in the fourth-quarter. In separate releases, durable goods orders declined 0.8% in April while factory orders fell 0.2%. Lastly, ISM’s non-manufacturing composite index expanded to 56.9 last month, below expectations.

Seven of 11 sectors in the S&P 500 ended in negative territory. Health Care stocks underperformed with Bristol-Myers Squibb (BMY -4.75%) ending down. Perrigo Co. (PRGO -2.26%) fell after being the subject of negative analyst commentary. In the consumer space, Herbalife (HLF -6.67%) fell as the firm reported it expects sales to fall by 6% as its transitions to new FTC rules. On the M&A front, Forestar Group (FOR +12.68%) rose after D.R. Horton (DHI -1.48%) submitted a bid to buy 75% of the real estate developer for $16.25/share. Gigamon (GIMO +9.03%) rallied amid news the company is preparing to hold talks with potential suitors.

Treasuries declined with the benchmark 10-year note down 6/32 to yield 2.18%. In commodities, NYMEX WTI crude lost 0.6% to $47.40/barrel. COMEX gold gained 0.1% to $1278.40/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, Energy, Networking, and Biotech Indexes Posted Small Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

On Monday the Bank Index ($BKX +0.14%) and the Broker/Dealer Index ($XBD +0.23%) both edged higher while the Retail Index ($RLX -0.14%) edged lower. The Networking Index ($NWX +0.39%) and Semiconductor Index ($SOX +0.26%) each posted a small gain but the Biotechnology Index ($BTK -1.31%) fell. The Gold & Silver index ($XAU -0.12%) ended slightly lower and the Integrated Oil Index ($XOI +0.04%) finished flat while the Oil Services Index ($OSX +0.44%) finished modestly higher.

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX -0.14%) is perched near its record high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	138.96	+0.61	+0.44%	-24.39%
Integrated Oil	$XOI	1,120.65	+0.46	+0.04%	-11.62%
Semiconductor	$SOX	1,106.22	+2.82	+0.26%	+22.04%
Networking	$NWX	460.94	+1.77	+0.39%	+3.33%
Broker/Dealer	$XBD	214.65	+0.48	+0.23%	+4.56%
Retail	$RLX	1,535.42	-2.17	-0.14%	+14.33%
Gold & Silver	$XAU	83.12	-0.10	-0.12%	+5.40%
Bank	$BKX	89.51	+0.13	+0.15%	-2.48%
Biotech	$BTK	3,641.87	-48.18	-1.31%	+18.43%

Consolidating Near 50-Day Moving Average Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Installed Building Products' (IBP -$1.00 or -1.92% to $51.00) is consolidating near its 50-day moving average (DMA) line ($50.92). The recent low ($46.65 on 5/09/17) defines important near-term support.

IBP pulled back deeply undercutting its pivot point shortly after last shown in this FSU section on 5/04/17 with an annotated graph under the headline, "Due to Report Earnings Prior to Friday's Open". Volume and volatility often increase near earnings news. It reported earnings +35% on +33% sales revenues for the Mar '17 quarter, and 3 of the 4 prior quarterly comparisons had earnings increases well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $11 IPO on 2/13/14. It was highlighted in the 2/27/17 mid-day report in yellow with pivot point cited based on its 12/08/16 high plus 10 cents (read here).

The high-ranked Building - Maintenance & Service firm has seen the number of top-rated funds owning its shares rose from 226 in Mar '16 to 288 in Mar '17, a reassuring sign concerning the I criteria. Its small supply of only 31.9 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling. It currently has a Timeliness Rating of C 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
BERY - NYSE Berry Global Group Inc CONSUMER NON-DURABLES - Packaging and Containers	$58.10	-0.67 -1.14%	$58.95	567,405 46.62% of 50 DAV 50 DAV is 1,217,000	$58.82 -1.22%	5/26/2017	$58.31	PP = $57.04
								MB = $59.89
Most Recent Note - 6/1/2017 5:51:53 PM Y - Finished near the session high for a best-ever close since highlighted in yellow in the 5/26/17 mid-day report with a new pivot point cited based on its 5/10/17 high plus 10 cents. Rebounded and rallied to new highs after dropped from the Featured Stocks list on 3/24/17. Reported earnings +36% on +12% sales revenues for the Mar '17 quarter, and fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Rising From Advanced Base With Above Average Volume - 5/26/2017 \| 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	$116.95	-0.61 -0.52%	$117.49	805,422 51.90% of 50 DAV 50 DAV is 1,552,000	$121.75 -3.94%	5/16/2017	$114.12	PP = $113.04
								MB = $118.69
Most Recent Note - 6/5/2017 2:42:02 PM Y - Recently wedging higher with gains lacking great volume conviction since 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. >>> 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
STMP - NASDAQ Stamps.com Inc INTERNET - Internet Software and Services	$141.70	+1.20 0.85%	$142.70	205,274 27.55% of 50 DAV 50 DAV is 745,000	$145.23 -2.43%	5/24/2017	$133.10	PP = $136.10
								MB = $142.91
Most Recent Note - 6/5/2017 7:01:06 PM Y - Perched near its 52-week high and it managed a new high close with today's 4th consecutive small gain on below average volume. It remains above its pivot point and below the "max buy" level. >>> FEATURED STOCK ARTICLE : Rallying From Bottom of 13-Week Cup Shaped Base - 5/24/2017 \| 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	$79.07	-0.57 -0.72%	$79.82	100,641 51.09% of 50 DAV 50 DAV is 197,000	$81.01 -2.39%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 6/1/2017 5:49:46 PM G - Posted a gain on light volume today while hovering near its all-time high, very extended from any sound base. Its 50 DMA line ($68.79) defines 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	$28.50	-0.35 -1.21%	$29.15	246,860 44.48% of 50 DAV 50 DAV is 555,000	$34.00 -16.18%	2/14/2017	$25.10	PP = $24.55
								MB = $25.78
Most Recent Note - 6/1/2017 5:45:37 PM G - Still sputtering below its 50 DMA line. Prior lows in the $26.50 - $27.00 area define the next level of support. Reported earnings -20% on +15% sales revenues for the Mar '17 quarter versus the year ago period, raising fundamental concerns. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Lingering Below 50-Day Moving Average Line - 6/1/2017 \| 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
ULTA - NASDAQ Ulta Beauty Inc SPECIALTY RETAIL - Specialty Retail, Other	$313.73	+2.26 0.73%	$314.86	843,114 132.36% of 50 DAV 50 DAV is 637,000	$311.78 0.63%	5/5/2017	$293.17	PP = $289.37
								MB = $303.84
Most Recent Note - 6/1/2017 5:53:59 PM Y - Reported Apr '17 quarterly earnings +41% on +22% sales revenues. Perched at its all-time high following 5 consecutive gains. Its Relative Strength rank is currently 82, above the 80+ minimum guideline for buy candidates. >>> 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
ESNT - NYSE Essent Group Ltd Finance-MrtgandRel Svc	$35.17	-1.39 -3.80%	$36.60	839,050 136.21% of 50 DAV 50 DAV is 616,000	$39.50 -10.96%	4/4/2017	$36.38	PP = $36.81
								MB = $38.65
Most Recent Note - 6/5/2017 2:38:11 PM G - Slumping below its 50 DMA line ($36.72) with today's loss. 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
FIVE - NASDAQ Five Below Inc Retail-DiscountandVariety	$52.29	+0.08 0.15%	$52.65	1,480,138 116.45% of 50 DAV 50 DAV is 1,271,000	$54.13 -3.40%	6/2/2017	$50.76	PP = $52.63
								MB = $55.26
Most Recent Note - 6/2/2017 6:31:13 PM Y - Posted a small gain with above average volume after highlighted in yellow with pivot point cited based on its 5/10/17 high in the earlier mid-day report. A convincing volume-driven gain above the pivot point is still needed to clinch a proper technical buy signal. Posted earnings +25% on +21% sales revenues for the Apr '17 quarter, and 3 of the past 4 earnings increases were above the +25% minimum guideline (C criteria), helping it better match the fact-based investment system's winning models. Good annual earnings (A criteria) track record. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Retail - Discount & Variety Firm Perched Near Highs - 6/2/2017 \| 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	$58.20	-1.05 -1.77%	$60.14	855,182 100.61% of 50 DAV 50 DAV is 850,000	$61.70 -5.67%	5/16/2017	$52.52	PP = $53.89
								MB = $56.58
Most Recent Note - 5/31/2017 6:02:13 PM G - Posted a small gain for a new high close today. Stubbornly held its ground following considerable volume-driven gains, and it is extended from any sound base. Prior highs in the $54-55 area define initial support to watch on pullbacks. >>> 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	$65.72	-0.98 -1.47%	$66.11	1,661,604 107.06% of 50 DAV 50 DAV is 1,552,000	$67.86 -3.15%	3/16/2017	$49.00	PP = $48.05
								MB = $50.45
Most Recent Note - 5/31/2017 5:49:19 PM G - Pulled back from its all-time high with heavier and above average volume behind its 2nd consecutive loss. Its 50 DMA line ($54.32) defines near-term support to watch. >>> 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
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	$154.33	+2.07 1.36%	$154.89	927,834 114.55% of 50 DAV 50 DAV is 810,000	$152.54 1.17%	4/17/2017	$132.75	PP = $135.27
								MB = $142.03
Most Recent Note - 5/31/2017 5:51:41 PM G - Posted a small gain with heavy volume today, churning while very extended from any sound base. Its 50 DMA line ($138.56) and prior lows define near-term support to watch. >>> 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	$44.52	-0.15 -0.34%	$44.95	1,422,236 60.86% of 50 DAV 50 DAV is 2,337,000	$46.84 -4.94%	4/28/2017	$44.22	PP = $44.68
								MB = $46.91
Most Recent Note - 6/2/2017 6:32:11 PM Y - Posted another gain today with below average volume. A confirming 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 : Stalled After Reaching New Highs and Encountered Mild Pressure - 5/22/2017 \| 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	$51.00	-1.00 -1.92%	$52.00	198,169 145.71% of 50 DAV 50 DAV is 136,000	$55.45 -8.03%	4/17/2017	$51.75	PP = $53.10
								MB = $55.76
Most Recent Note - 6/5/2017 6:56:17 PM G - Consolidating near its 50 DMA line. The recent low ($46.65 on 5/09/17) defines important near-term support. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Consolidating Near 50-Day Moving Average Line - 6/5/2017 \| 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	$38.60	+0.20 0.52%	$39.75	13,371 47.75% of 50 DAV 50 DAV is 28,000	$40.00 -3.50%	4/25/2017	$38.95	PP = $40.09
								MB = $42.09
Most Recent Note - 6/5/2017 2:36:51 PM Y - Gapped up today nearly challenging its 52-week high and approaching its pivot point. A volume-driven gain for new highs may trigger a technical buy signal. Its 50 DMA line ($37.74) defines support above prior lows in the $35 area >>> FEATURED STOCK ARTICLE : Sputtering Near 50-Day Moving Average After Stalling - 5/30/2017 \| 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	$90.48	-0.80 -0.88%	$91.74	234,994 145.96% of 50 DAV 50 DAV is 161,000	$91.69 -1.32%	4/17/2017	$76.77	PP = $80.04
								MB = $84.04
Most Recent Note - 6/5/2017 12:51:37 PM G - Holding its ground perched at its all-time high, extended from its prior base. Prior highs in the $79 area define support along with its 50 DMA line ($80.60). Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Perched at All Time High Following Volume-Driven Gains - 5/31/2017 \| 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
PLAY - NASDAQ Dave & Buster's Ent Inc Retail-Restaurants	$68.16	-0.48 -0.70%	$69.24	980,367 135.41% of 50 DAV 50 DAV is 724,000	$69.42 -1.82%	2/23/2017	$55.41	PP = $58.35
								MB = $61.27
Most Recent Note - 5/31/2017 6:00:31 PM G - Still hovering near its all-time high, stubbornly holding its ground. Its 50 DMA line ($63.31) defines near-term support to watch on pullbacks. Jan '17 quarterly earnings were 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	$42.90	+0.00 0.00%	$43.00	498,904 71.48% of 50 DAV 50 DAV is 698,000	$44.08 -2.67%	3/27/2017	$32.80	PP = $33.55
								MB = $35.23
Most Recent Note - 6/1/2017 12:22:05 PM G - Perched at its all-time high with today's gain on higher volume, getting very extended from any sound base. Recent low ($37.60 on 5/16/17) defines near-term support above its 50 DMA line. Reported Apr '17 quarterly earnings +25% on +17% sales revenues, meeting the +25% minimum earnings guideline (C criteria). >>> 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
MOMO - NASDAQ Momo Inc Ads Cl A INTERNET - Content	$40.08	+2.01 5.28%	$40.45	9,568,710 146.69% of 50 DAV 50 DAV is 6,523,000	$45.95 -12.77%	3/7/2017	$29.71	PP = $27.83
								MB = $29.22
Most Recent Note - 6/5/2017 12:56:06 PM G - Rallying from support near its 50 DMA line ($37.90) with today's big gain on higher volume. Prior low ($35.55 on 4/26/17) defines the next important chart support level where a violation would raise more serious concerns. >>> 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	$33.72	-0.58 -1.69%	$34.36	201,888 93.90% of 50 DAV 50 DAV is 215,000	$36.65 -7.99%	5/10/2017	$35.85	PP = $35.05
								MB = $36.80
Most Recent Note - 6/1/2017 5:49:03 PM Y - Rebounded above its 50 DMA line ($33.70) and finished near the session high. Recent lows defines near-term support where violations would raise concerns and trigger technical sell signals. >>> 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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