FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Friday, September 8th, 2017

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AFTER MARKET UPDATE - FRIDAY, SEPTEMBER 8TH, 2017

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Indices				NYSE			Nasdaq
DOW	+13.01	21,797.79	+0.06%	Volume	801,151,650	+2%	Volume	1,790,088,670	-11%
NASDAQ	-37.68	6,360.19	-0.59%	Advancers	1,377	47%	Advancers	1,376	52%
S&P 500	-3.67	2,461.43	-0.15%	Decliners	1,546	53%	Decliners	1,258	48%
Russell 2000	+0.76	1,399.43	+0.05%	52 Wk Highs	156		52 Wk Highs	186
S&P 600	+1.51	838.92	+0.18%	52 Wk Lows	61		52 Wk Lows	64

Major Indices Ended the Holiday-Shortened Week Lower
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

For the holiday shortened week, the Dow was down 0.9%, the S&P 500 fell 0.6% and the Nasdaq Composite declined 1.2%. U.S. Stocks were down broadly Friday. The Dow rose 13 points to 21797. The S&P 500 slipped 4 points to 2461 and the Nasdaq Composite fell 38 points to 6360. Volume totals reported were mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Breadth was fairly even but decliners led advancers by narrow margin on the NYSE, while advancers led decliners by a narrow margin on the Nasdaq exchange. There were 48 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 49 on the prior session. New 52-week highs totals expanded and solidly outnumbered new 52-week lows on the Nasdaq exchange and on the NYSE. The Featured Stocks Page provides the latest analysis on noteworthy high-ranked leaders.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index is consolidating above its 50-day moving average (DMA) line. That important short-term average and recent lows define near-term support to watch. Higher volume without meaningful price progress recently is action indicative of distributional pressure.

The major averages' (M criteria) uptrend endured recent pressure however leadership has remained healthy. Investors should buy stocks meeting all key criteria of the fact-based investment system on a case-by-case basis as they trigger technical buy signals.

U.S. equities were mostly lower as investors digested economic and political updates. Shortly after the open, a report showed wholesale inventories rose 0.6% for July above consensus estimates of a 0.4% increase. The House is expected to pass a three month extension of the debt ceiling and government funding for Hurricane Harvey and expectation for Hurricane Irma to reach Florida this weekend. Geopolitical risk remained in focus with the possibility of another North Korean missile launch this weekend.

Energy and Technology were the worst performing groups on the session as shares of Chevron (CVX -0.91%) and Apple (AAPL -1.63%) edged lower. Financials were up the most, as insurers rebounded from early losses. Chubb (CB +4.43%) and XL Group Ltd (XL +5.84%) increased. Shares of Kroger (KR -7.51%) dropped after the grocer stated it would no longer provide forward guidance. Equifax (EFX -13.66%) sank after revealing it was a victim of a massive data breach.

Treasuries were down with the 10-year note off 4/32 to yield 2.05%. In commodities, NYMEX WTI crude retreated 3.1% to $47.58/barrel. COMEX gold was up 0.1% to $1347.40/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.

Retail Index, Tech Sector, and Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

On Friday the Broker/Dealer Index ($XBD +0.64%) and the Bank Index ($BKX +0.52%) both gained some ground while the Retail Index ($RLX -0.56%) edged lower. The tech sector had a negative bias as the Semiconductor Index ($SOX -1.25%) outpaced the Networking Index ($NWX -0.40%) and the Biotechnology Index ($BTK -0.65%).lower. Commodity-linked groups were also solidly lower as the Gold & Silver Index ($XAU -1.73%), Integrated Oil Index ($XOI -0.89%) and the Oil Services Index ($OSX -1.82%) unanimously fell.

Charts courtesy www.stockcharts.com

PICTURED: The Biotechnology Index ($BTK -0.65%).has been consolidating after a rally to new high territory.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	124.84	-2.32	-1.82%	-32.07%
Integrated Oil	$XOI	1,126.54	-10.08	-0.89%	-11.16%
Semiconductor	$SOX	1,093.49	-13.85	-1.25%	+20.63%
Networking	$NWX	446.56	-1.79	-0.40%	+0.10%
Broker/Dealer	$XBD	219.92	+1.40	+0.64%	+7.13%
Retail	$RLX	1,494.32	-8.38	-0.56%	+11.27%
Gold & Silver	$XAU	91.65	-1.61	-1.73%	+16.22%
Bank	$BKX	90.17	+0.46	+0.51%	-1.76%
Biotech	$BTK	4,190.58	-27.28	-0.65%	+36.28%

New Pivot Point Cited After Rebound From Below 50-Day Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Ollie's Bargain Outlet (OLLI +$1.05 or +2.38% to $45.20) made progress back above its 50-day moving average (DMA) line ($43.60) this week helping its outlook to improve. A new pivot point was cited based on its 8/01/17 high plus 10 cents. Subsequent gains backed by at least the minimum +40% above average volume are needed to trigger a proper new (or add-on) technical buy signal. Any slump back below the 50 DMA line would raise concerns, and more damaging losses below the recent low ($41.31) would trigger a worrisome technical sell signal.

Recently it reported earnings +29% on +21% sales revenues for the Jul '17 quarter, continuing its strong earnings track record and meeting the +25% minimum earnings guideline (C criteria). It has earned a very strong 97 Earnings Per Share (EPS) rating. OLLI was last shown in this FSU section on 8/10/17 with an annotated graph under the headline, "Quietly Consolidating Above 50 Day Moving Average Near High". Fundamentals remain strong.

The Retail - Discount & Variety firm traded up as much as +40.5% 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 383 in Jun '17, a reassuring sign concerning the I criteria. Its small supply of only 61.4 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
THO - NYSE Thor Industries Inc AUTOMOTIVE - Recreational Vehicles	$109.70	+0.23 0.21%	$109.87	469,210 89.20% of 50 DAV 50 DAV is 526,000	$115.74 -5.22%	8/14/2017	$106.67	PP = $110.01
								MB = $115.51
Most Recent Note - 9/5/2017 7:13:55 PM Y - Posted a gain backed by +77% above average volume and closed well above the previously cited pivot point triggering a technical buy signal. However, its current Relative Strength Rating of 77 is below the 80+ minimum guideline for buy candidates under the fact-based investment system. Very little resistance remains due to overhead supply up to its $115.74 all-time high. >>> FEATURED STOCK ARTICLE : Slump Below 50-Day Average Hurt Technical Stance - 8/21/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HSKA - NASDAQ Heska Corporation DRUGS - Biotechnology	$99.48	+2.36 2.43%	$99.72	65,042 100.06% of 50 DAV 50 DAV is 65,000	$115.00 -13.50%	7/31/2017	$114.27	PP = $110.35
								MB = $115.87
Most Recent Note - 9/5/2017 7:18:44 PM G - Slumped back below its 50 DMA line ($100.73) closing near the session low today and its color code is changed to green. Recent lows in the $95 area define the next important support to watch >>> FEATURED STOCK ARTICLE : Rally Above 50-Day Moving Average Line Improved Technical Stance - 8/30/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AVGO - NASDAQ Broadcom Limited ELECTRONICS - Semiconductor - Broad Line	$244.11	-2.44 -0.99%	$246.40	1,809,990 75.57% of 50 DAV 50 DAV is 2,395,000	$259.36 -5.88%	8/24/2017	$252.44	PP = $256.89
								MB = $269.73
Most Recent Note - 9/5/2017 7:27:53 PM Y - Color code is changed to yellow while consolidating near its 50 DMA line ($247) after enduring distributional pressure. Recent lows define the next important support in the $238-240 area. Subsequent violations would trigger more worrisome technical sell signals. Fundamentals remain strong. It has not produced volume-driven gains since highlighted in the 8/24/17 mid-day report - "Subsequent volume-driven gains above the pivot and for new highs may trigger a technical buy signal." >>> FEATURED STOCK ARTICLE : Pullback Followed Latest Strong Earnings Report From Tech Leader - 8/25/2017 \| 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	$113.19	+0.85 0.76%	$114.79	1,612,089 130.26% of 50 DAV 50 DAV is 1,237,600	$121.75 -7.03%	7/11/2017	$117.23	PP = $121.85
								MB = $127.94
Most Recent Note - 9/6/2017 5:30:21 PM G - Managed a "positive reversal" after slumping to new 16-week lows today, closing with a gain backed by above average volume.It is only -7.8% off its all-time high, but its Relative Strength Rating has slumped to 70, below the 80+ minimum guideline for buy candidates. A rebound above its downward sloping 50 DMA line ($115.64) is needed for its outlook to improve. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Positive Reversal After Slumping to New Lows - 9/6/2017 \| 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	$192.55	+2.75 1.45%	$193.55	279,915 58.81% of 50 DAV 50 DAV is 476,000	$220.25 -12.58%	5/24/2017	$133.10	PP = $136.10
								MB = $142.91
Most Recent Note - 9/7/2017 1:31:53 PM G - It has not formed a sound base of sufficient length. Its 50 DMA line ($175) defines near-term support above prior highs in the $156 area. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Blasted Higher After Latest Strong Earnings Report - 8/11/2017 \| 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
HTHT - NASDAQ China Lodging Group Ads LEISURE - Lodging	$113.36	-1.38 -1.20%	$114.78	242,205 77.14% of 50 DAV 50 DAV is 314,000	$118.00 -3.93%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 9/6/2017 5:24:40 PM G - Perched near its all-time high, very extended from any sound base. Recently reported earnings +19% on +18% sales revenues for the Jun '17 quarter, below the +25% minimum earnings guideline (C criteria). Its 50 DMA line ($97.16) defines support above prior highs in the $88 area. >>> FEATURED STOCK ARTICLE : Extended From Sound Base With Earnings News Due Next Week - 8/9/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LMAT - NASDAQ Lemaitre Vascular Inc Medical-Products	$37.60	+0.03 0.08%	$37.84	159,252 74.42% of 50 DAV 50 DAV is 214,000	$37.90 -0.79%	7/28/2017	$33.50	PP = $33.32
								MB = $34.99
Most Recent Note - 9/5/2017 7:22:38 PM G - Hit another new all-time high with today's gain backed by +50% above average volume, getting more extended from any sound base. Prior highs and the 50 DMA line define near-term support to watch in the $33 area. >>> FEATURED STOCK ARTICLE : Volume-Driven Gain for New High And Strong Finish Bode Well - 8/28/2017 \| 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	$38.45	+0.85 2.26%	$38.95	432,768 106.67% of 50 DAV 50 DAV is 405,700	$38.25 0.52%	2/14/2017	$25.10	PP = $24.55
								MB = $25.78
Most Recent Note - 9/6/2017 5:20:10 PM G - Posted a 5th consecutive small gain today on light volume. Fundamental concerns remain. Jun '17 quarterly earnings rose +10% on +10% sales revenues, its 2nd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria). Its 50 DMA line ($34.69) defines near-term support along with prior lows. >>> FEATURED STOCK ARTICLE : Technically Strong Despite Recent Fundamental Concerns - 8/17/2017 \| 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	$36.62	+0.45 1.24%	$36.95	799,670 122.07% of 50 DAV 50 DAV is 655,100	$41.44 -11.63%	7/3/2017	$38.05	PP = $39.60
								MB = $41.58
Most Recent Note - 9/5/2017 7:15:27 PM G - Slumped below its 50 DMA line ($38.38) hurting its outlook and its color code is changed to green. Completed a new Public Offering on 8/08/17. Prior lows ($36.71 on 8/11/17) and its 200 DMA line define near-term support in the $35-36 area. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Undercut 50-Day Moving Average in Slump Toward Prior Lows - 9/5/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
OLED - NASDAQ Universal Display Corp Elec-Misc Products	$127.65	-1.60 -1.24%	$129.35	640,368 78.57% of 50 DAV 50 DAV is 815,000	$133.50 -4.38%	8/31/2017	$128.22	PP = $127.78
								MB = $134.17
Most Recent Note - 9/6/2017 1:19:18 PM Y - Erased most of its early gain today. Posted a big gain on 9/05/17 with +53% above average volume for a best-ever close, rallying from a "double bottom" base and triggering a technical buy signal. Highlighted in yellow in the 8/31/17 mid-day report with a new pivot point cited based on its 7/26/17 high. No resistance remains due to overhead supply. See the latest FSU analysis for additional gains and an annotated graph. >>> FEATURED STOCK ARTICLE : Rallied Near Pivot Point But Confirming Gains Are Still Needed - 8/31/2017 \| 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
VEEV - NYSE Veeva Systems Inc Cl A Computer Sftwr-Medical	$56.96	-0.90 -1.56%	$57.56	1,355,057 100.67% of 50 DAV 50 DAV is 1,346,000	$68.07 -16.32%	7/24/2017	$65.91	PP = $68.17
								MB = $71.58
Most Recent Note - 9/8/2017 7:59:49 PM G - A rebound above the 50 DMA line ($62.03) is still needed for its outlook to improve. Prior lows and the 200 DMA line define the next support to watch. Disciplined investors following the fact-based system limit losses by selling any stock that falls more than -7% below their purchase price. >>> FEATURED STOCK ARTICLE : Rebounding After gap Down Violated 50-Day Average and Prior Lows - 9/1/2017 \| 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	$172.68	-0.97 -0.56%	$174.45	318,092 39.37% of 50 DAV 50 DAV is 808,000	$179.71 -3.91%	8/4/2017	$173.31	PP = $163.07
								MB = $171.22
Most Recent Note - 9/6/2017 5:18:45 PM G - Perched near its all-time high, stubbornly holding its ground. Prior highs in the $162 area define initial support to watch above its 50 DMA line ($161). Fundamentals remain very strong. >>> FEATURED STOCK ARTICLE : Gapped Up After Earnings Repairing 50-Day Moving Average Violation - 8/23/2017 \| 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	$56.08	-1.00 -1.75%	$57.16	1,412,810 83.60% of 50 DAV 50 DAV is 1,690,000	$57.61 -2.66%	6/21/2017	$47.33	PP = $46.94
								MB = $49.29
Most Recent Note - 9/7/2017 9:14:36 PM G - Touched a new all-time high with today's 3rd consecutive gain on light volume. Its 50 DMA line ($49.96) defines near-term support above prior highs in the $46-47 area. Recently reported earnings +13% on +32% sales revenues for the Jun '17 quarter, below the +25% minimum earnings guideline (C criteria) raising fundamental concerns. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Touched New High With Quiet Gain From Brief Consolidation - 9/7/2017 \| 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	$57.50	+0.75 1.32%	$58.13	88,282 84.89% of 50 DAV 50 DAV is 104,000	$60.00 -4.17%	6/13/2017	$54.25	PP = $55.55
								MB = $58.33
Most Recent Note - 9/5/2017 7:20:18 PM Y - Down with higher volume today while falling toward its 50 DMA line ($54.45) and prior lows defining near-term support. More damaging losses would raise greater concerns. >>> FEATURED STOCK ARTICLE : Consolidating Near Prior High Following Breakout - 8/18/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NCOM - NASDAQ National Commerce Corporation BANKING - Regional - Southeast Banks	$39.30	+0.45 1.16%	$39.45	24,201 96.42% of 50 DAV 50 DAV is 25,100	$41.25 -4.73%	4/25/2017	$38.95	PP = $40.09
								MB = $42.09
Most Recent Note - 9/7/2017 1:29:56 PM G - Consolidating in a tight range, but it has slumped below its 50 DMA line ($39.84) and its Relative Strength rating has slipped to 77, below the 80+ minimum guideline for buy candidates. Recently reported Jun '17 earnings +23% on +45% sales revenues, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. >>> FEATURED STOCK ARTICLE : Consolidating Near 50-day Moving Average Line - 8/16/2017 \| 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
OLLI - NASDAQ Ollie's Bargain Outlet Retail-DiscountandVariety	$45.20	+1.05 2.38%	$45.35	693,891 118.41% of 50 DAV 50 DAV is 586,000	$46.08 -1.90%	9/8/2017	$45.20	PP = $46.18
								MB = $48.49
Most Recent Note - 9/8/2017 7:49:40 PM Y - Color code is changed to yellow with new pivot point cited based on its 8/01/17 high plus 10 cents. Recent gains above the 50 DMA line helped its outlook improve. Subsequent gains above the latest pivot point with at least the minimum +40% above average volume may trigger a proper new (or add-on) technical buy signal. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : New Pivot Point Cited After Rebound From Below 50-Day Average - 9/8/2017 \| 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	$35.84	+0.16 0.45%	$35.99	234,565 117.28% of 50 DAV 50 DAV is 200,000	$39.68 -9.68%	5/10/2017	$35.85	PP = $35.05
								MB = $36.80
Most Recent Note - 9/5/2017 7:31:20 PM G - Volume was higher behind today's loss while slumping back below its 50 DMA line ($36.09) and its color code is changed to green. Subsequent damaging losses below the recent low ($34.41 on 8/18/17) would raise more serious concerns and trigger a technical sell signal. >>> FEATURED STOCK ARTICLE : Consolidating Near 50-Day Moving Average - 8/29/2017 \| 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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