FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, September 21st, 2017

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AFTER MARKET UPDATE - THURSDAY, SEPTEMBER 21ST, 2017

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Indices				NYSE			Nasdaq
DOW	-53.36	22,359.23	-0.24%	Volume	726,148,460	-10%	Volume	1,769,593,672	-2%
NASDAQ	-33.35	6,422.69	-0.52%	Advancers	1,250	43%	Advancers	1,245	48%
S&P 500	-7.64	2,500.60	-0.30%	Decliners	1,633	57%	Decliners	1,356	52%
Russell 2000	-1.24	1,444.18	-0.09%	52 Wk Highs	133		52 Wk Highs	117
S&P 600	-0.20	868.96	-0.02%	52 Wk Lows	12		52 Wk Lows	29

Indices Paused After Rallying to New Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks declined on Thursday. The Dow fell 53 points from its record high to 22359. The S&P 500 lost 8 points to 2500. The Nasdaq retreated 33 points to 6422. Volume totals reported were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth had a slightly negative bias as decliners led advancers by a 4-3 margin on the NYSE and by a narrower margin on the Nasdaq exchange. There were 57 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 55 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 Dow Jones Industrial Average's loss on lighter volume broke a 9 session winning streak into record high territory.

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 closed lower as investors reacted to the Fed’s decision to start unwinding its $4.5 trillion balance sheet in October. The central bank left the Federal Funds rate unchanged, but 11 of 16 voting members suggested a third rate hike in 2017 would be appropriate. Overseas, the Bank of Japan left its benchmark rate steady, continuing its dovish approach to monetary policy. Separately, S&P Global Ratings downgraded Chinese sovereign debt by one level, citing increased economic and financial risks. On the data front, initial jobless claims were 259,000 in the most recent week, well below consensus estimate of 302,000.

Consumer Staples were the worst performing sector in the S&P 500. Dr. Pepper Snapple (DPS -2.38%) fell after trimming its full-year profit forecast. Technology also underperformed with Apple (AAPL -1.72%) slumped further below its 50-day moving average (DMA) line amid technical issues with the new Apple Watch. Financials and Industrials were the lone groups up on the session. Citizens Financial (CFG +1.34%) and General Electric (GE +1.77%) both rose.

Treasuries edged lower, sending the yield on the 10-year note up a basis point to 2.28%. In commodities, NYMEX WTI crude was up less than 0.1% to $50.71/barrel. COMEX gold retreated 1.7% to $1289.60/ounce.6461.

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.

Broader Weakness Outweighed Modest Gains in Financial Indices
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

On Thursday the Bank Index ($BKX +0.52%) and the Broker/Dealer Index ($XBD +0.23%) both posted small gains while the Retail Index ($RLX -0.18%) edged lower. The tech sector had a negative bias as the Semiconductor Index ($SOX -0.41%) and the Biotechnology Index ($BTK -1.19%) both fell while the Networking Index ($NWX +0.05%) finished flat. Energy-linked groups were mixed as the Oil Services Index ($OSX -1.36%) was lower and the Integrated Oil Index ($XOI +0.40%) posted a modest gain. The Gold & Silver Index ($XAU -0.53%) edged lower.

Charts courtesy www.stockcharts.com

PICTURED: The Retail Index ($RLX -0.18%) is consolidating above its 50 DMA line. It rebounded after testing support at its 200-day moving average (DMA) line in late-August.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	134.50	-1.85	-1.36%	-26.82%
Integrated Oil	$XOI	1,186.51	+4.73	+0.40%	-6.43%
Semiconductor	$SOX	1,143.87	-4.73	-0.41%	+26.19%
Networking	$NWX	456.31	+0.22	+0.05%	+2.29%
Broker/Dealer	$XBD	233.07	+0.54	+0.23%	+13.54%
Retail	$RLX	1,504.26	-2.72	-0.18%	+12.01%
Gold & Silver	$XAU	85.03	-0.45	-0.53%	+7.82%
Bank	$BKX	97.15	+0.51	+0.53%	+5.84%
Biotech	$BTK	4,158.00	-50.08	-1.19%	+35.22%

Technical Deterioration Raises Concerns
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Broadcom Limited (AVGO -$2.53 or -1.04% to $240.38) raised greater concerns while slumping further below its 50-day moving average (DMA) line ($249) with today's loss. Recently it has been enduring distributional pressure, and its color code was changed to green. Only a prompt rebound above the 50 DMA line would help its outlook improve. Meanwhile, the low on 7/26/17 coincides with prior highs in the $227 area, defining the next important support level to watch

Weak action came after it reported earnings +42% on +18% sales revenues for the Jul '17 quarter. Volume and volatility often increase near earnings news. Disciplined investors always watch for a proper technical buy signal before taking action. avoid chasing stocks more than +5% above prior highs, and strictly limit losses by selling any stock that falls more than -7% from their purchase price.

Its current Accumulation/Distribution Rating is D, meanwhile, it has a Timeliness Rating of B and Sponsorship Rating of B. Note that AVGO failed to produce a technical buy signal after highlighted in yellow with pivot point cited based on its 6/05/17 high plus 10 cents as it was noted 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. Prior quarterly and annual earnings history (C and A criteria) is a good match with the fact-based investment system's fundamental guidelines."

The Jul '17 quarter marked its 5th consecutive quarterly earnings increase above the +25% minimum guideline (C criteria). Earnings rose by +29%, +38%, +51%, +46%, and +42%, respectively, in the Jul ,Oct '16, Jan, Apr, and Jul '17 quarterly comparisons versus the year ago periods. Sales revenues rose +119%, +125%, +134%, +18% and +18% during that time span. Its annual earnings (A criteria) history has been strong.

This Singapore-based Electronics - Semiconductor firm was last shown in this FSU section on 8/25/17 under the headline, "Pullback Followed Latest Strong Earnings Report From Tech Leader". The number of top-rated funds owning its share rose from 2,095 in Sep '16 to 2,292 in Jun '17, a reassuring sign concerning the I criteria. Other leadership in the Semiconductor group has been a reassuring sign concerning the L criteria.

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	$115.33	+0.87 0.76%	$116.34	376,725 73.44% of 50 DAV 50 DAV is 513,000	$115.80 -0.41%	8/14/2017	$106.67	PP = $110.01
								MB = $115.51
Most Recent Note - 9/18/2017 6:14:05 PM Y - Quietly touched a new 52-week high but ended the session weak. 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. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Wedged to New High Then Ended the Session Weak - 9/18/2017 \| 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	$240.38	-2.53 -1.04%	$242.70	2,858,375 115.86% of 50 DAV 50 DAV is 2,467,000	$259.36 -7.32%	8/24/2017	$252.44	PP = $256.89
								MB = $269.73
Most Recent Note - 9/21/2017 4:34:36 PM G - Raised more concerns today while slumping further below its 50 DMA line ($249) and enduring distributional pressure, and its color code is changed to green. Recent lows define the next important support in the $238-240 area. Subsequent violations would trigger more worrisome technical sell signals. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Technical Deterioration Raises Concerns - 9/21/2017 \| 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	$110.33	-1.39 -1.24%	$111.70	1,353,555 104.59% of 50 DAV 50 DAV is 1,294,100	$121.75 -9.38%	7/11/2017	$117.23	PP = $121.85
								MB = $127.94
Most Recent Note - 9/19/2017 7:06:11 PM G - A rebound above its downward sloping 50 DMA line ($114.73) is needed for its outlook to improve. Met resistance at its 50 DMA line and it has been pulling back with light volume. It is only -8.6% off its all-time high, but its Relative Strength Rating has slumped to 52, below the 80+ minimum guideline for buy candidates. 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	$209.25	+0.30 0.14%	$210.15	142,739 31.10% of 50 DAV 50 DAV is 459,000	$220.25 -4.99%	9/11/2017	$193.65	PP = $220.35
								MB = $231.37
Most Recent Note - 9/18/2017 6:12:15 PM Y - Gapped up today for a gain with light volume. The new pivot point cited was based on its 8/07/17 high plus 10 cents. Faces some near-term resistance. Subsequent volume-driven gains above the pivot point are needed to trigger a new (or add-on) technical buy signal. Recent low ($185.80 on 9/05/17) and its 50 DMA line ($182.53) define important near-term support where violations would trigger technical sell signals. Fundamentals remain strong. >>> 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
HTHT - NASDAQ China Lodging Group Ads LEISURE - Lodging	$122.00	-1.93 -1.56%	$126.29	347,579 98.46% of 50 DAV 50 DAV is 353,000	$125.57 -2.84%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 9/19/2017 12:54:27 PM G - Hitting another new all-time high with today's big volume-driven gain, 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 ($103) defines near-term support. >>> 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
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
LMAT - NASDAQ Lemaitre Vascular Inc Medical-Products	$37.29	-0.73 -1.92%	$37.95	162,062 75.38% of 50 DAV 50 DAV is 215,000	$39.29 -5.10%	7/28/2017	$33.50	PP = $33.32
								MB = $34.99
Most Recent Note - 9/21/2017 4:01:02 PM G - Pulling back from its all-time high following a gain on 9/15/17 backed by above average volume. 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
ESNT - NYSE Essent Group Ltd Finance-MrtgandRel Svc	$39.44	+0.06 0.15%	$39.69	489,320 70.51% of 50 DAV 50 DAV is 694,000	$41.44 -4.83%	7/3/2017	$38.05	PP = $39.60
								MB = $41.58
Most Recent Note - 9/18/2017 6:08:14 PM Y - Color code is changed to yellow after recent gains above its 50 DMA line ($38.50) helped 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	$136.00	-4.10 -2.93%	$140.90	1,086,318 126.46% of 50 DAV 50 DAV is 859,000	$145.30 -6.40%	8/31/2017	$128.22	PP = $127.78
								MB = $134.17
Most Recent Note - 9/21/2017 3:59:14 PM G - Pulling back from its all time high following a spurt of volume-driven gains. Disciplined investors avoid chasing stocks extended more than +5% from a sound base pattern. Prior highs in the $127-130 area define initial support to watch on pullbacks. >>> 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
VEEV - NYSE Veeva Systems Inc Cl A Computer Sftwr-Medical	$56.14	+0.52 0.93%	$56.43	1,140,822 79.77% of 50 DAV 50 DAV is 1,430,100	$68.07 -17.52%	7/24/2017	$65.91	PP = $68.17
								MB = $71.58
Most Recent Note - 9/21/2017 4:12:03 PM It will be dropped from the Featured Stocks list tonight. Managed a "positive reversal" and finished near the session high, but today's gain was backed by light volume. Its Relative Strength rating has slumped to 69, below the 80+ minimum guideline for buy candidates. A rebound above the 50 DMA line ($61.09) is needed for its outlook to improve. The 200 DMA line defines the next important support to watch. >>> 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	$187.23	-1.26 -0.67%	$188.85	605,803 73.61% of 50 DAV 50 DAV is 823,000	$185.41 0.98%	8/4/2017	$173.31	PP = $163.07
								MB = $171.22
Most Recent Note - 9/19/2017 7:02:46 PM G - Perched near its all-time high following additional volume-driven gains after stubbornly holding its ground in recent weeks. Its 50 DMA line ($166) and prior highs in the $162 area define important near-term support to watch on pullbacks. Fundamentals remain very strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After Additional Volume-Driven Gains - 9/19/2017 \| 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
GRUB - NYSE Grubhub Inc COMPUTER SOFTWARE and SERVICES - Technical and System Software	$53.51	+0.32 0.60%	$53.72	1,062,091 55.40% of 50 DAV 50 DAV is 1,917,000	$57.61 -7.12%	6/21/2017	$47.33	PP = $46.94
								MB = $49.29
Most Recent Note - 9/18/2017 12:16:02 PM G - Pulling back today for a 3rd consecutive volume-driven loss. Its 50 DMA line ($51.59) 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	$59.90	+0.15 0.25%	$60.00	88,428 71.89% of 50 DAV 50 DAV is 123,000	$60.08 -0.29%	9/19/2017	$59.15	PP = $60.10
								MB = $63.11
Most Recent Note - 9/19/2017 1:02:46 PM Y - New pivot point is cited based on its 8/04/17 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Perched within close striking distance of its all-time high after finding support near its 50 DMA line ($55.50) and prior highs. >>> 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	$40.50	-0.15 -0.37%	$40.85	60,339 194.64% of 50 DAV 50 DAV is 31,000	$41.25 -1.82%	4/25/2017	$38.95	PP = $40.09
								MB = $42.09
Most Recent Note - 9/18/2017 12:22:15 PM G - Consolidating in a tight range near its 50 DMA line ($39.79). Its Relative Strength rating is currently 75, below 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. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Relative Strength Rating Fell Below 80+ Minimum Guideline - 9/14/2017 \| 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	$45.60	-0.10 -0.22%	$45.85	219,491 38.92% of 50 DAV 50 DAV is 564,000	$46.25 -1.41%	9/8/2017	$45.20	PP = $46.18
								MB = $48.49
Most Recent Note - 9/21/2017 4:02:19 PM Y - Stubbornly holding its ground, still quietly hovering near its all-time high. New pivot point cited was 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. >>> 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	$38.28	+0.55 1.46%	$38.44	185,822 79.75% of 50 DAV 50 DAV is 233,000	$39.68 -3.53%	9/18/2017	$37.04	PP = $39.78
								MB = $41.77
Most Recent Note - 9/18/2017 6:26:48 PM Y - A new pivot point is cited based on its 7/26/17 plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Consolidating above its 50 DMA line ($36.32). Subsequent 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
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

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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