FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, September 13th, 2017

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AFTER MARKET UPDATE - WEDNESDAY, SEPTEMBER 13TH, 2017

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Indices				NYSE			Nasdaq
DOW	+39.32	22,158.18	+0.18%	Volume	823,612,720	+7%	Volume	1,937,505,189	+11%
NASDAQ	+5.91	6,460.19	+0.09%	Advancers	1,514	53%	Advancers	1,451	53%
S&P 500	+1.89	2,498.37	+0.08%	Decliners	1,367	47%	Decliners	1,263	47%
Russell 2000	+3.43	1,426.89	+0.24%	52 Wk Highs	109		52 Wk Highs	131
S&P 600	+2.91	856.82	+0.34%	52 Wk Lows	8		52 Wk Lows	17

Major Indices Edged Higher With Less Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks edged higher Wednesday. The Dow was up 39 points to 22158. The S&P 500 rose 2 points to 2498 and the Nasdaq Composite increased 6 points to 6460. Volume totals reported higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was slightly positive as advancers led decliners by a narrow margin on the NYSE and on the Nasdaq exchange. There were 45 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 65 on the prior session. New 52-week highs totals solidly outnumbered new 52-week lows totals 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 posted a third consecutive gain, rallying for a new record high.

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.

The major averages finished at all-time record levels as investors weighed updates on tax reform and inflation. President Trump and House Speaker Paul Ryan both said they anticipate unveiling a new tax plan as soon as the week of September 25th. A report by the Labor Department showed producer prices rose 0.2% in August, below the 0.3% consensus estimate.

Energy was the best performing S&P 500 sector with Chevron rising 1.5% to $114.18 amid higher oil prices. Retailers including Target (TGT +2.80%) rose were notable gainers on the session. Nordstrom (JWN +5.97%) rose on news the department store was close to a deal to go private. On the M&A front, Centene (CNC +8.01%) rose after announcing it would acquire assets of Fideilis Care for approximately $3.8 billion. Technology was weak, led lower by Apple (AAPL -0.75%) following Tuesday’s introduction of its newest iPhone. Equifax (EFX -14.63%) was the biggest loser, as the scope of its data breach widened.

Treasuries were lower with the 10-year note down 7/32 to yield 2.19%. In commodities, NYMEX WTI crude gained 2.4% to $49.39/barrel as an improved global demand outlook countered an increase in U.S. stockpiles. COMEX gold fell 0.5% to $1321.60/ounce amid a stronger dollar.

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.

Bank, Retail, and Energy-Linked Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

On Wednesday the Retail Index ($RLX +0.88%) and the Bank Index ($BKX +0.40%) both posted gains while the Broker/Dealer Index ($XBD +0.01%) finished flat. The tech sector was mixed as the Semiconductor Index ($SOX +0.16%) inched higher and Biotechnology Index ($BTK -0.12%) inched lower but the Networking Index ($NWX -0.59%) closed the session with a larger loss. Commodity-linked groups were mixed as the Gold & Silver Index ($XAU -1.98%) fell while the Integrated Oil Index ($XOI +1.13%) and Oil Services Index ($OSX +2.28%) both posted solid gains.

Charts courtesy www.stockcharts.com

PICTURED: The Oil Services Index ($OSX +2.28%) has been rebounding above its 50-day moving average (DMA) line which acted as resistance in prior months.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	132.47	+2.95	+2.28%	-27.92%
Integrated Oil	$XOI	1,153.69	+12.93	+1.13%	-9.01%
Semiconductor	$SOX	1,122.04	+1.84	+0.16%	+23.78%
Networking	$NWX	452.08	-2.67	-0.59%	+1.34%
Broker/Dealer	$XBD	226.50	+0.02	+0.01%	+10.34%
Retail	$RLX	1,532.19	+13.40	+0.88%	+14.09%
Gold & Silver	$XAU	88.42	-1.78	-1.97%	+12.12%
Bank	$BKX	93.88	+0.37	+0.40%	+2.28%
Biotech	$BTK	4,204.72	-4.97	-0.12%	+36.74%

Found Prompt Support Near Prior Highs and 50 Day Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Installed Building Products' (IBP $58.20) remains perched near its "max buy" level and within close striking distance of its all-time high. During its recent consolidation it found support near its 50-day moving average (DMA) line ($55) and prior highs. More damaging losses would raise greater concerns. IBP was last shown in this FSU section on 8/18/17 with an annotated graph under the headline, "Consolidating Near Prior High Following Breakout". 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).

Fundamentals remain strong after reporting earnings +48% on +33% sales revenues for the Jun '17 quarter. The 3 latest 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.

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 289 in Jun '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 B 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
THO - NYSE Thor Industries Inc AUTOMOTIVE - Recreational Vehicles	$112.62	+1.87 1.69%	$113.63	715,025 141.23% of 50 DAV 50 DAV is 506,300	$115.74 -2.69%	8/14/2017	$106.67	PP = $110.01
								MB = $115.51
Most Recent Note - 9/12/2017 7:05:03 PM Y - Stubbornly holding its ground perched within striking distance of its 52-week high following volume-driven gains. Current Relative Strength Rating of 79 is just 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	$90.32	-6.96 -7.15%	$97.29	129,964 203.07% of 50 DAV 50 DAV is 64,000	$115.00 -21.46%	7/31/2017	$114.27	PP = $110.35
								MB = $115.87
Most Recent Note - 9/12/2017 6:59:34 PM G - Slumping below its 50 DMA line ($100.67) closing near the session low today. Recent lows in the $95 area define the next important support to watch above its 200 DMA line. >>> 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	$246.24	-0.90 -0.36%	$247.91	2,962,590 126.23% of 50 DAV 50 DAV is 2,347,000	$259.36 -5.06%	8/24/2017	$252.44	PP = $256.89
								MB = $269.73
Most Recent Note - 9/12/2017 7:02:40 PM Y - Volume totals have been cooling while consolidating near its 50 DMA line ($248) 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	$111.78	-2.91 -2.54%	$114.61	1,203,768 95.23% of 50 DAV 50 DAV is 1,264,100	$121.75 -8.19%	7/11/2017	$117.23	PP = $121.85
								MB = $127.94
Most Recent Note - 9/13/2017 3:37:16 PM G - Met resistance at its 50 DMA line and pulling back today with light volume. It is only -8.1% off its all-time high, but its Relative Strength Rating has slumped to 69, below the 80+ minimum guideline for buy candidates. A rebound above its downward sloping 50 DMA line ($115.20) 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	$202.00	+2.85 1.43%	$203.15	314,670 66.11% of 50 DAV 50 DAV is 476,000	$220.25 -8.29%	9/11/2017	$193.65	PP = $220.35
								MB = $231.37
Most Recent Note - 9/11/2017 6:42:41 PM Y - Color code is changed to yellow with new pivot point cited based on its 8/07/17 high plus 10 cents. Faces some near-term resistance, and subsequent volume-driven gains above the pivot point are needed to trigger a new (or add-on) technical buy signal. Its 50 DMA line ($177) defines near-term support above prior highs in the $156 area. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : New Base Being Built After Considerable Gap Higher - 9/11/2017 \| 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	$114.34	-0.04 -0.03%	$114.72	128,819 40.51% of 50 DAV 50 DAV is 318,000	$118.00 -3.10%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 9/12/2017 7:06:46 PM G - Hovering near its all-time high, 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 ($99.67) defines support above prior highs in the $88 area. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Considerable Rally However Fundamental Concerns Were Raised - 9/12/2017 \| 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	$38.02	-0.22 -0.58%	$38.57	100,114 46.56% of 50 DAV 50 DAV is 215,000	$38.48 -1.20%	7/28/2017	$33.50	PP = $33.32
								MB = $34.99
Most Recent Note - 9/12/2017 7:00:53 PM G - Inched higher for yet another new all-time high with today's gain backed by below average volume. Very 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	$37.20	-0.65 -1.72%	$38.00	265,056 64.74% of 50 DAV 50 DAV is 409,400	$39.20 -5.10%	2/14/2017	$25.10	PP = $24.55
								MB = $25.78
Most Recent Note - 9/13/2017 3:43:20 PM G - Hovering near its all-time high. 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 ($35.24) defines near-term support above prior highs in the $34 area. >>> 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	$38.85	-0.16 -0.41%	$39.09	462,763 68.76% of 50 DAV 50 DAV is 673,000	$41.44 -6.25%	7/3/2017	$38.05	PP = $39.60
								MB = $41.58
Most Recent Note - 9/11/2017 6:45:35 PM G - Posted a 2nd consecutive gain today after testing support at its 200 DMA line. A rebound above its 50 DMA line ($38.41) is needed for its outlook to improve. Completed a new Public Offering on 8/08/17. >>> 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	$132.35	-0.05 -0.04%	$133.85	593,415 73.62% of 50 DAV 50 DAV is 806,000	$134.89 -1.88%	8/31/2017	$128.22	PP = $127.78
								MB = $134.17
Most Recent Note - 9/12/2017 12:50:33 PM Y - Posted another solid gain on the prior session with +56% above average volume and finished near the session high for a best-ever close. Rallying from a "double bottom" base with confirming gains 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. >>> 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	$56.85	-0.46 -0.80%	$57.73	900,049 66.08% of 50 DAV 50 DAV is 1,362,000	$68.07 -16.48%	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	$174.89	+1.07 0.62%	$175.13	654,661 82.55% of 50 DAV 50 DAV is 793,000	$179.71 -2.68%	8/4/2017	$173.31	PP = $163.07
								MB = $171.22
Most Recent Note - 9/13/2017 3:41:21 PM G - Volume totals have been cooling while remaining perched near its all-time high, stubbornly holding its ground. Its 50 DMA line ($163.69) and prior highs in the $162 area define important near-term support to watch. 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	$56.18	+0.14 0.25%	$57.49	3,261,566 191.86% of 50 DAV 50 DAV is 1,700,000	$57.61 -2.48%	6/21/2017	$47.33	PP = $46.94
								MB = $49.29
Most Recent Note - 9/11/2017 6:53:31 PM G - Perched near its all-time high after posting a small gain today with above average volume. Its 50 DMA line ($50.46) 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. >>> 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	$58.20	+0.00 0.00%	$58.30	127,192 122.30% of 50 DAV 50 DAV is 104,000	$60.00 -3.00%	6/13/2017	$54.25	PP = $55.55
								MB = $58.33
Most Recent Note - 9/13/2017 5:11:59 PM Y - Near its "max buy" level and perched within close striking distance of its all-time high after finding support near its 50 DMA line ($55) and prior highs. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Found Prompt Support Near Prior Highs and 50 Day Average - 9/13/2017 \| 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	$39.75	-0.20 -0.50%	$39.95	66,055 264.22% of 50 DAV 50 DAV is 25,000	$41.25 -3.64%	4/25/2017	$38.95	PP = $40.09
								MB = $42.09
Most Recent Note - 9/13/2017 2:02:33 PM G - Consolidating in a tight range near its 50 DMA line ($39.81). Its Relative Strength rating is currently 80, right at the 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	$45.75	-0.15 -0.33%	$46.00	384,009 65.53% of 50 DAV 50 DAV is 586,000	$46.08 -0.71%	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	$36.47	-0.47 -1.27%	$36.98	243,132 118.03% of 50 DAV 50 DAV is 206,000	$39.68 -8.09%	5/10/2017	$35.85	PP = $35.05
								MB = $36.80
Most Recent Note - 9/12/2017 12:35:57 PM Y - Volume is higher behind today's big gain while rebounding above its 50 DMA line ($36.23) and its color code is changed to yellow. 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

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