FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Monday, September 16th, 2019

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AFTER MARKET UPDATE - MONDAY, SEPTEMBER 16TH, 2019

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Indices				NYSE			Nasdaq
DOW	-142.70	27,076.82	-0.52%	Volume	909,576,460	+11%	Volume	1,845,373,040	-6%
NASDAQ	-23.17	8,153.54	-0.28%	Advancers	1,540	55%	Advancers	1,602	52%
S&P 500	-9.43	2,997.96	-0.31%	Decliners	1,281	45%	Decliners	1,474	48%
Russell 2000	+6.46	1,584.60	+0.41%	52 Wk Highs	56		52 Wk Highs	58
S&P 600	+3.24	979.19	+0.33%	52 Wk Lows	6		52 Wk Lows	22

Major Indices Fell as Leadership Thinned
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow lost 142 points to snap an eight day winning streak. The S&P 500 and Nasdaq Composite both lost 0.3%. The volume totals reported were mixed, higher than the prior session total on the NYSE and lighter on the Nasdaq exchange. Advancers led decliners by an 8-7 margin on the Nasdaq exchange and on the NYSE. Leadership thinned as there were 27 high-ranked companies from the Leaders List hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 50 on the prior session. New 52-week highs totals contracted yet outnumbered new 52-week lows totals on the NYSE and on the Nasdaq exchange. Concerning the M criteria of the fact-based investment system, investors have a green light to make carefully selected new buying efforts. The Featured Stocks Page provides the most timely analysis on high-ranked leaders.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index is perched -2.2% off its record high.

Stocks ended Monday’s session lower amid a sharp spike in oil prices. The losses follow the major averages capping off their third consecutive week of gains.

Over the weekend, coordinated drone strikes on Saudi Arabia’s crude production facilities shut off roughly 5% of the world’s supply, sparking concern on the impact to economic growth. WTI crude jumped 14.8% to $62.90/barrel and rose as much as 15.5% in intra-day trading, the largest single day move for crude oil since December 2008. Energy stocks rallied amid the jump in oil prices with Exxon Mobil (XOM +1.50%) and Chevron (CVX +2.16%).

Eight of 11 S&P 500 sectors traded lower with Materials and Consumer Discretionary the worst performing groups. The defensive Real Estate and Utility sectors along with Energy bucked the downturn. In corporate news, General Motors (GM -4.25%) fell amid a worker strike caused by the failure to agree on a new contract. Amazon (AMZN -1.71%) after the e-commerce giant altered its algorithm to favor certain brands.

Perceived “safe haven” assets advanced as COMEX gold added 0.4% to $1,499.50/ounce. Treasuries strengthened sending the yield on the 10-year note dropping six basis points to 1.84%. This follows last week, when Treasury yields saw their largest advance in six years, with the yield on the 10-year note rising 34 basis points for the week.

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.

Energy-Linked Groups Posted Standout Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX -0.14%) and the Broker/Dealer Index ($XBD +0.15%) were mixed and little changed while the Retail Index ($RLX -1.39%) slumped. The tech sector was mixed as the Networking Index ($NWX +0.86%) and Biotech Index ($BTK +1.35%) posted gains but the Semiconductor Index ($SOX -0.69%) finished lower. Energy-linked groups were standout gainers as the Oil Services Index ($OSX +8.75%) and Integrated Oil Index ($XOI +3.82%) both outpaced the Gold & Silver Index ($XAU +1.25%).

Charts courtesy of www.stockcharts.com

PICTURED: The Oil Services Index ($OSX +8.75%) is rebounding from multi-year lows.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	78.19	+6.30	+8.76%	-2.99%
Integrated Oil	$XOI	1,274.01	+46.88	+3.82%	+9.91%
Semiconductor	$SOX	1,594.49	-11.16	-0.70%	+38.03%
Networking	$NWX	572.62	+4.88	+0.86%	+17.18%
Broker/Dealer	$XBD	278.15	+0.42	+0.15%	+17.19%
Retail	$RLX	2,394.41	-33.77	-1.39%	+22.70%
Gold & Silver	$XAU	90.61	+1.12	+1.25%	+28.23%
Bank	$BKX	101.80	-0.14	-0.14%	+18.66%
Biotech	$BTK	4,490.90	+59.89	+1.35%	+6.40%

Recent Slump Below 50-Day Average Hurt Outlook
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Epam Systems Inc (EPAM +$2.03 or +1.13% to $180.95) halted its slide above the prior low ($175.33 on 8/07/19) which defines the next important support level. A rebound above its 50 DMA line ($190) is needed for its outlook to improve. It also 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 8/29/19 with an annotated graph under the headline, "Volume Light During Brief Consolidation Above 50-Day Average".

The number of top-rated funds owning its shares rose from 462 in Jun '17 to 852 in Jun '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days. Its small supply of only 51.6 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 90 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
CCBG - NASDAQ Capital City Bk Gp BANKING - Regional - Mid-Atlantic Banks	$26.90	+0.07 0.26%	$27.24	24,253 121.27% of 50 DAV 50 DAV is 20,000	$27.15 -0.92%	9/13/2019	$27.03	PP = $27.05
								MB = $28.40
Most Recent Note - 9/13/2019 5:13:43 PM Y - Sputtered today after highlighted in yellow with pivot point cited based on its 12/03/18 high plus 10 cents. Reported solidly improved earnings as its sales revenues growth rate was in the 12-13% range in the Dec '18, Mar and Jun '19 quarters versus the year ago periods. This thinly traded Bank is perched at a new multi-year high after a streak of volume-driven gains this week. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Thinly Traded Bank Rallied To Multi-Year Highs - 9/13/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
EPAM - NYSE Epam Systems Inc COMPUTER SOFTWARE and SERVICES - Information Technology Service	$180.95	+2.03 1.13%	$181.93	339,866 84.54% of 50 DAV 50 DAV is 402,000	$201.00 -9.98%	5/9/2019	$169.25	PP = $180.55
								MB = $189.58
Most Recent Note - 9/16/2019 5:56:58 PM G - Halted its slide above the prior low ($175.33 on 8/07/19) which defines the next important support level. A rebound above its 50 DMA line ($190) is needed for its outlook to improve. 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 : Recent Slump Below 50-Day Average Hurt Outlook - 9/16/2019 \| 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	$20.00	+0.62 3.17%	$20.57	496,860 265.70% of 50 DAV 50 DAV is 187,000	$20.18 -0.89%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 9/16/2019 12:24:30 PM Y - Hitting a new high with today's 4th consecutive gain backed by ever-increasing volume. Encountered distributional pressure as it rallied straight-up-from-the-bottom of a short 6-week base to touch a new 52-week high on the prior session. Highlighted in yellow with new pivot point cited based on its 7/30/19 high plus 10 cents. Subsequent gains and a close above the pivot point backed by at least +40% above average volume are needed to trigger a convincing new (or add-on) technical buy signal. Found prompt support near its 50 DMA line ($17.65). The recent low ($16.51 on 8/14/19) defines important support where 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 Cooling While Consolidating Above Support Levels - 8/30/2019 \| 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	$118.41	+0.80 0.68%	$118.99	184,547 85.44% of 50 DAV 50 DAV is 216,000	$129.37 -8.47%	7/1/2019	$110.94	PP = $122.20
								MB = $128.31
Most Recent Note - 9/12/2019 5:25:50 PM G - Halted its slide after losses this week undercutting the prior low ($116.67 on 8/13/19) triggering a worrisome technical sell signal. Still sputtering below its 50 DMA line ($121.37) which has acted as resistance. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Recently Acted as Resistance - 9/12/2019 \| 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	$123.50	-0.99 -0.80%	$125.75	170,676 77.23% of 50 DAV 50 DAV is 221,000	$132.73 -6.95%	7/22/2019	$118.45	PP = $118.89
								MB = $124.83
Most Recent Note - 9/16/2019 5:53:56 PM Y - Volume has been cooling while consolidating above its 50 DMA line ($120.45). Below that important short-term average, the prior low ($113.88 on 8/05/19) defines the next support level. Jun '19 earnings +10% on +26% sales revenues versus the year ago period were below the +25% minimum earnings guideline (C criteria), noted recently raising fundamental concerns. >>> FEATURED STOCK ARTICLE : Found Support After Making Limited Progress - 9/4/2019 \| 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
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$193.70	-1.48 -0.76%	$194.91	1,274,498 71.64% of 50 DAV 50 DAV is 1,779,000	$204.44 -5.25%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 9/13/2019 5:19:40 PM Y - Quietly hovering near its all-time high following volume driven gains. Reported earnings +35% on +22% sales revenues for the Jul '19 quarter. Prior high ($194.25) defines initial support to watch above its 50 DMA line ($188.84). >>> FEATURED STOCK ARTICLE : Sank Below 50-Day Average Toward Prior Lows With High Volume - 9/3/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CPRT - NASDAQ Copart Inc SPECIALTY RETAIL - Auto Dealerships	$82.18	+0.37 0.45%	$82.23	1,596,226 126.99% of 50 DAV 50 DAV is 1,257,000	$83.55 -1.64%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 9/16/2019 5:55:46 PM Y - Perched near its all-time high after today's 3rd consecutive volume-driven gain. Held its ground after the big volume-driven gain above the pivot point on 9/05/19 clinched a technical buy signal. Fundamentals are strong. >>> FEATURED STOCK ARTICLE : Heavy Volume Behind Breakout Gain After Earnings Report - 9/5/2019 \| 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	$93.53	+0.66 0.71%	$93.77	196,914 69.34% of 50 DAV 50 DAV is 284,000	$96.01 -2.58%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 9/16/2019 5:53:10 PM G - Perched near its all-time high. holding its ground following a negative reversal on 9/12/19. Earnings rose +39% on +9% sales revenues for the Jun '19 quarter versus the year ago period. Prior highs in the $86 area and its 50 DMA line ($87.44) coincide defining important support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Holding Ground Stubbornly in Tight Range Near Record High - 9/10/2019 \| 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	$45.88	+0.01 0.02%	$46.34	779,274 35.58% of 50 DAV 50 DAV is 2,190,000	$53.43 -14.13%	6/25/2019	$37.69	PP = $40.07
								MB = $42.07
Most Recent Note - 9/12/2019 5:19:52 PM G - With a big gain today on lighter than average volume it rebounded and closed above its 50 DMA line ($46.66) helping its outlook to improve. Big losses this week triggered a technical sell signal, but it halted its slide above the prior low ($42.00 on 8/05/19) which defines the next important chart support level. Fundamentals are strong. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Violation Triggered Technical Sell Signal - 9/11/2019 \| 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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