FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, August 29th, 2019

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AFTER MARKET UPDATE - THURSDAY, AUGUST 29TH, 2019

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Indices				NYSE			Nasdaq
DOW	+326.15	26,362.25	+1.25%	Volume	712,551,600	+1%	Volume	1,689,518,020	+2%
NASDAQ	+116.51	7,973.39	+1.48%	Advancers	2,219	78%	Advancers	2,217	72%
S&P 500	+36.64	2,924.58	+1.27%	Decliners	640	22%	Decliners	858	28%
Russell 2000	+24.01	1,496.72	+1.63%	52 Wk Highs	154		52 Wk Highs	53
S&P 600	+14.02	920.04	+1.55%	52 Wk Lows	46		52 Wk Lows	60

Breadth Positive as Major Indices Rally on Trade Optimism
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Amid optimism on the trade front the Dow jumped 326 points. The S&P 500 advanced 1.3%, while the Nasdaq Composite climbed 1.5%. Volume totals reported were slightly higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 3-1 margin on the NYSE and 11-4 on the Nasdaq exchange. Leadership improved as there were 44 high-ranked companies from the Leaders List hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 19 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE, but new lows still outnumbered new highs on the Nasdaq exchange. A follow-through day on 8/13/19 marked a bullish shift concerning the M criteria of the fact-based investment system, but the market faced immediate pressure. Investors have a green light to make carefully selected new buying efforts, however, subsequent losses below prior low for the Nasdaq Composite Index would technically kill the new rally. The Featured Stocks Page provides the most timely analysis on high-ranked leaders.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average's recent low defines important support along with its 200-day moving average (DMA) line. More damaging losses would raise concerns and prompt investors to reduce their exposure to stocks.

Stocks rallied on Thursday as positive revelations on the trade front boosted investor sentiment. Prior to the open, a report out of China suggested leaders in Beijing do not plan to immediately retaliate against the next round of U.S. tariffs. Additionally, the Chinese Ministry of Commerce expressed a willingness to resolve the trade dispute in a calm manner. Separately, President Trump stated that U.S. and Chinese delegates planned to resume negotiations via phone at some point today.

Economic data was also in focus. The second reading of GDP showed the U.S. economy expanded at a 2.0% annualized pace during the April-June period, downwardly revised from the initial 2.1% reading. The report also showed personal consumption increased by 4.7%, above a preliminary 4.3% rate and the largest gain since 2014. Separately, wholesale inventories matched consensus expectations, while initial jobless claims ticked up to 215,000 from 211,000 in the most recent week. Treasuries declined, with the yield on the benchmark 10-year note up three basis points to 1.50%.

Ten of 11 S&P 500 sectors finished in positive territory as Technology shares paced the gains. The Industrials and Financials groups also outperformed, adding 1.8% and 1.5% respectively. In earnings, Dollar General (DG +10.7%) had a "breakaway gap" for a new all-time high after the discount retailer topped consensus estimates on the top and bottom line and raised full-year sales and profit guidance. In commodities, WTI crude gained 1.4% to $56.58/barrel. COMEX gold slipped 0.9% to $1,529.60/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, Retail, Tech, and Energy-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The influential financial indexes both rose as the Bank Index ($BKX +1.95%) and Broker/Dealer Index ($XBD +1.79%) both outpaced the Retail Index ($RLX +1.67%) on another widely positive session . The tech sector was led by the Semiconductor Index ($SOX +2.25%) and the Networking Index ($NWX +1.82%) while the Biotech Index ($BTK +0.96%) also posted a solid gain. Energy-linked groups rose as the Integrated Oil Index ($XOI +1.66%) and the Oil Services Index ($OSX +1.97%) notched solid gains, meanwhile the Gold & Silver Index ($XAU -2.69%) was a standout decliner.

Charts courtesy of www.stockcharts.com

PICTURED: The Bank Index ($BKX +1.95%) posted a 2nd consecutive gain while rebounding from recent low. It remains below its 50-day and 200-day moving average (DMA) lines, in weak technical shape. Rebounding above those lines would be a reassuring sign, but more damaging losses would raise serious concerns for the broader market outlook.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	63.05	+1.22	+1.97%	-21.77%
Integrated Oil	$XOI	1,163.68	+18.96	+1.66%	+0.39%
Semiconductor	$SOX	1,495.82	+32.97	+2.25%	+29.49%
Networking	$NWX	550.16	+9.82	+1.82%	+12.58%
Broker/Dealer	$XBD	254.94	+4.49	+1.79%	+7.42%
Retail	$RLX	2,360.65	+38.78	+1.67%	+20.97%
Gold & Silver	$XAU	98.47	-2.72	-2.69%	+39.36%
Bank	$BKX	92.59	+1.77	+1.95%	+7.93%
Biotech	$BTK	4,415.69	+42.07	+0.96%	+4.62%

Volume Light During Brief Consolidation Above 50-Day Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Epam Systems Inc's (EPAM $191.98 +$2.23 +1.18%) has found support at its 50-day moving average (DMA) line ($187.33 while recent volume totals have been cooling. It has not formed a new base of sufficient length and faces some resistance due to overhead supply up to the $201 level.

It recently reported earnings +27% on +24% sales revenues for the Jun '19 quarter, continuing its strong earnings track record. Fundamentals remain strong with a 97 Earnings Per Share Rating, well above the 80+ minimum guideline for buy candidates. The Computer - Tech Services firm's annual earnings history (A criteria) has been strong. It was last shown in this FSU section on 8/12/19 with an annotated graph under the headline, "Rebounded Above 50-Day Average Following Earnings Report".

The number of top-rated funds owning its shares rose from 462 in Jun '17 to 826 in Jun '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under accumulation over the past 50 days. Its small supply of only 51.4 million shares (S criteria) in the pubic float can contribute to greater volatility in the event of institutional buying or selling. Its Relative Strength rating of 93 is above the 80+ minimum guideline for buy candidates.

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
EPAM - NYSE Epam Systems Inc COMPUTER SOFTWARE and SERVICES - Information Technology Service	$191.98	+2.23 1.18%	$194.28	206,605 50.76% of 50 DAV 50 DAV is 407,000	$201.00 -4.49%	5/9/2019	$169.25	PP = $180.55
								MB = $189.58
Most Recent Note - 8/29/2019 5:34:49 PM G - Quietly consolidating above its 50 DMA line ($187.33). It has not formed a new base of sufficient length and faces some resistance due to overhead supply up to the $201 level. Reported earnings +27% on +24% sales revenues for the Jun '19 quarter. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Volume Light During Brief Consolidation Above 50-Day Average - 8/29/2019 \| 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	$17.58	+0.43 2.51%	$17.62	68,776 39.75% of 50 DAV 50 DAV is 173,000	$19.74 -10.94%	7/15/2019	$17.10	PP = $17.54
								MB = $18.42
Most Recent Note - 8/29/2019 5:53:19 PM Y - Volume totals have been cooling while consolidating near important support defined by prior highs in the $17 area and its 50 DMA line ($17.13). More damaging losses would raise concerns and trigger technical sell signals. Reported earnings +57% on +14% sales revenues for the Jun '19 quarter, continuing its strong earnings track record. >>> FEATURED STOCK ARTICLE : Volume Totals Cooling as Bullish Action Continues - 8/13/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LHCG - NASDAQ L H C Group Inc HEALTH SERVICES - Home Health Care	$120.41	+1.50 1.26%	$121.16	151,027 66.53% of 50 DAV 50 DAV is 227,000	$129.37 -6.93%	7/1/2019	$110.94	PP = $122.20
								MB = $128.31
Most Recent Note - 8/26/2019 5:34:55 PM G - Still quietly sputtering just below its 50 DMA line ($120.92) and below its pivot point. Any breach of recent low ($116.67 on 8/13/19) could raise more serious concerns. >>> FEATURED STOCK ARTICLE : Sputtering Below 50-Day Average and Below Pivot Point - 8/20/2019 \| 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	$125.07	+0.36 0.29%	$126.51	173,408 73.48% of 50 DAV 50 DAV is 236,000	$132.73 -5.77%	7/22/2019	$118.45	PP = $118.89
								MB = $124.83
Most Recent Note - 8/26/2019 5:32:08 PM Y - Posted a gain today with above average volume. Found support near its 50 DMA line ($117). The prior low ($113.88 on 8/05/19) defines the next important near-term support to watch. Reported Jun '19 earnings rose +10% on +26% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria). >>> FEATURED STOCK ARTICLE : Recently Found Support at 50-Day Moving Average - 8/14/2019 \| 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	$186.06	+3.36 1.84%	$187.20	1,410,458 92.01% of 50 DAV 50 DAV is 1,533,000	$194.25 -4.22%	6/13/2019	$174.48	PP = $179.60
								MB = $188.58
Most Recent Note - 8/29/2019 5:55:42 PM G - Rebounded above the 50 DMA line ($183.77) helping its technical stance improve. Faces near-term resistance up to the $194 level. Due to report earnings news on 9/05/19. Volume and volatility often increase near earnings news. >>> FEATURED STOCK ARTICLE : Sputtering After Slump Below 50-Day Moving Average - 8/15/2019 \| 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	$337.45	+7.07 2.14%	$342.00	2,514,951 353.22% of 50 DAV 50 DAV is 712,000	$368.83 -8.51%	3/15/2019	$341.27	PP = $322.59
								MB = $338.72
Most Recent Note - 8/29/2019 12:27:03 PM G - Due to report earnings today after the close. Volume and volatility often increase near earnings news. A rebound above its 50 DMA line ($343.55) is needed for its outlook to improve. Recently found support above its 200 DMA line ($320) following volume-driven losses, but more damaging losses would raise serious concerns. Apr '19 quarter was below the +25% minimum earnings guideline (C criteria) and raised fundamental concerns. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Slumped Near 200-Day Average Ahead of Earnings Report - 8/28/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CHGG - NYSE Chegg Inc Consumer Svcs-Education	$40.45	+0.28 0.70%	$41.11	3,081,149 198.27% of 50 DAV 50 DAV is 1,554,000	$48.22 -16.11%	7/8/2019	$44.11	PP = $41.79
								MB = $43.88
Most Recent Note - 8/27/2019 5:13:23 PM G - Still sputtering below its 50 DMA line ($41.79) which acted as resistance after recent losses on higher volume. A rebound above the 50 DMA line is needed for its outlook to improve. Reported earnings +92% on +26% sales revenues for the Jun '19 quarter. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Sputtering Below 50-Day Average Line in Recent Weeks - 8/27/2019 \| 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	$168.62	+4.50 2.74%	$169.17	2,208,413 153.68% of 50 DAV 50 DAV is 1,437,000	$176.90 -4.68%	5/30/2019	$154.32	PP = $145.80
								MB = $153.09
Most Recent Note - 8/29/2019 12:29:16 PM G - A convincing rebound and close above the 50 DMA line ($164.79) is needed for its outlook to improve. On track for a 4th consecutive gain marked by volume, however, the 50 DMA line has acted as resistance. Reported earnings +41% on +27% for the Jul '19 quarter continuing its strong earnings track record. >>> FEATURED STOCK ARTICLE : Met Resistance After Slumping Below 50-Day Moving Average - 8/23/2019 \| 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	$254.10	+0.87 0.34%	$259.71	434,247 70.27% of 50 DAV 50 DAV is 618,000	$257.57 -1.35%	8/20/2019	$246.97	PP = $246.95
								MB = $259.30
Most Recent Note - 8/26/2019 5:29:04 PM Y - Wedged higher with recent gains lacking volume. Color code was changed to yellow with new pivot point cited based on its 7/11/19 high plus 10 cents. Gains above a stock's pivot must have at least +40% above average volume to trigger a proper new (or add-on) technical buy signal. Its 50 DMA line ($235) defines support above the recent low ($216.55 on 8/05/19). Reported earnings +27% on +31% sales revenues for the Jun '19 quarter, continuing its strong earnings track record. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Recently Wedged Higher Without Great Volume Conviction - 8/26/2019 \| 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	$91.51	+0.70 0.77%	$93.28	173,124 56.76% of 50 DAV 50 DAV is 305,000	$93.59 -2.22%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 8/29/2019 5:58:41 PM G - Perched near its all-time high. Stubbornly held its ground following bullish action after it reported earnings +39% on +9% sales revenues for the Jun '19 quarter versus the year ago period, continuing its strong earnings track record. Prior highs in the $86 area define initial support to watch above 50 DMA line ($84.75) on pullbacks. >>> FEATURED STOCK ARTICLE : Topbuild Has 4 Consecutive Weekly Gains and Stubbornly Held Ground - 8/19/2019 \| 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	$138.05	-0.22 -0.16%	$141.46	1,174,114 94.53% of 50 DAV 50 DAV is 1,242,000	$149.80 -7.84%	8/27/2019	$142.62	PP = $149.90
								MB = $157.40
Most Recent Note - 8/27/2019 5:21:35 PM Y - Formed a 5-week flat base and its color code is changed to yellow with new pivot point cited based on its 7/26/19 high plus 10 cents. Prior low ($130.78 on 7/23/19) defines the next important near-term support to watch where a violation would raise serious concerns and trigger a more worrisome technical sell signal. Reported earnings +43% on +36% sales revenues for the Jun '19 quarter, continuing its strong earnings track record. >>> FEATURED STOCK ARTICLE : Consolidating Near High After Recently Finding Support - 8/21/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TTD - NASDAQ The Trade Desk Inc Cl A Comml Svcs-Advertising	$250.07	+1.68 0.68%	$255.00	872,421 60.33% of 50 DAV 50 DAV is 1,446,000	$289.51 -13.62%	7/18/2019	$240.61	PP = $258.10
								MB = $271.01
Most Recent Note - 8/29/2019 6:00:03 PM G - Quietly consolidating near its 50 DMA line ($248). The recent low ($239.01 on 8/21/19) defines important near-term support to watch. Violations would raise concerns and trigger technical sell signals. Reported Jun '19 quarterly earnings +58% on +42% sales revenues. >>> FEATURED STOCK ARTICLE : Consolidating Near 50-Day Moving Average Line - 8/16/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PAGS - NYSE Pagseguro Digital Cl A Finance-CrdtCard/PmtPr	$50.28	-0.10 -0.20%	$51.37	954,974 41.96% of 50 DAV 50 DAV is 2,276,000	$53.43 -5.90%	6/25/2019	$37.69	PP = $40.07
								MB = $42.07
Most Recent Note - 8/29/2019 5:57:16 PM G - Volume totals have been cooling while hovering near its all-time high. Its 50 DMA line ($44.73) and the recent low ($42.00 on 8/05/19) define important levels to watch on pullbacks. Reported earnings +35% on +39% sales revenues for the quarter ended June 30,2019 versus the year ago period. >>> FEATURED STOCK ARTICLE : Brazil-Based Digital Payments Firm Perched at All-Time High - 8/22/2019 \| 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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