FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Tuesday, October 15th, 2019

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AFTER MARKET UPDATE - TUESDAY, OCTOBER 15TH, 2019

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Indices				NYSE			Nasdaq
DOW	+237.44	27,024.80	+0.89%	Volume	733,742,270	+16%	Volume	1,830,674,770	+30%
NASDAQ	+100.06	8,148.71	+1.24%	Advancers	1,846	65%	Advancers	2,209	72%
S&P 500	+29.53	2,995.68	+1.00%	Decliners	1,015	35%	Decliners	862	28%
Russell 2000	+17.87	1,523.30	+1.19%	52 Wk Highs	102		52 Wk Highs	68
S&P 600	+10.15	942.32	+1.09%	52 Wk Lows	21		52 Wk Lows	72

Volume Rose Behind Gains as Leadership Improved
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow rose 237 points, while the Nasdaq Composite jumped 1.2%. The S&P 500 added 1.0%, while also finishing less than one percent from an all-time high. Volume totals reported were higher than the prior session totals on the Nasdaq exchange and on the NYSE, an encouraging sign of increased buying demand from the institutional crowd. Breadth was positive as advancers led decliners by a 9-5 margin on the NYSE and 11-4 on the Nasdaq exchange. Leadership improved as there were 28 high-ranked companies from the Leaders List that hit a new 52-week high and were listed on the BreakOuts Page, versus the total of 7 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE, but new lows still narrowly outnumbered new highs on the Nasdaq exchange. The uptrend for the major indices (M criteria) had recently come under greater pressure, however, the strong finish last week avoided a more worrisome "correction" in the market . The Featured Stocks Page provides the most timely analysis on high-ranked leaders.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index is perched only -1% off its record high.

Stocks finished higher Tuesday as the unofficial start to earnings season kicked off with better than expected corporate results. Nine of 11 S&P 500 sectors ended the day in positive territory with Financials and Health Care stocks leading the way.

JP Morgan Chase & Co (JPM +3.01%) hit an all-time high after posting its seventh-straight quarter of rising profits. Citigroup’s (C +1.40%) quarterly report also exceeded Wall Street expectations. Goldman Sachs (GS +0.31%) inched higher despite a 26% year-over-year drop in earnings. Elsewhere in Financials, Charles Schwab (SCHW +5.36%) rose after reporting record client assets on the heels of the discount broker’s move to charge zero commissions. In the Health Care space, Johnson and Johnson (JNJ +1.62%) rose following its top and bottom line beat. UnitedHealth Group (UNH +8.16%) was higher, recording its best daily gain in three years after besting profit and revenue projections, as well as raising its full-year guidance amid steadying medical costs. NVIDIA (NVDA +5.28%) rose to a 11-month high after receiving a price target boost.

In geopolitical news, reports indicated Beijing would have a difficult time purchasing the $50 billion of U.S. agricultural products cited in Friday’s outline of an initial trade agreement unless retaliatory tariffs are removed. The U.K. and European Union are finding middle ground amid optimistic reports of a draft for a Brexit deal. Treasuries declined with the yield on the 10-year note up four basis points to 1.77%.

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, and Tech Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Broker/Dealer Index ($XBD +1.48%) and the Bank Index ($BKX +1.83%) both posted solid gains while the Retail Index ($RLX +1.29%) rose. The tech sector had a positive bias as the Semiconductor Index ($SOX +2.22%) and the Biotech Index ($BTK +1.74%) both outpaced the Networking Index ($NWX +0.84%). The Oil Services Index ($OSX -0.03%) finished flat and the Integrated Oil Index ($XOI +0.38%) edged higher, meanwhile, the Gold & Silver Index ($XAU -2.71%) was a standout decliner.

Charts courtesy of www.stockcharts.com

PICTURED: The Retail Index ($RLX +1.29%) recently rebounded above its 50-day moving average (DMA) lines and it is perched only -4% off its record high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	65.01	-0.02	-0.03%	-19.34%
Integrated Oil	$XOI	1,201.91	+4.55	+0.38%	+3.69%
Semiconductor	$SOX	1,625.69	+35.29	+2.22%	+40.73%
Networking	$NWX	552.27	+4.62	+0.84%	+13.02%
Broker/Dealer	$XBD	257.88	+3.77	+1.48%	+8.66%
Retail	$RLX	2,391.88	+30.37	+1.29%	+22.57%
Gold & Silver	$XAU	86.87	-2.42	-2.71%	+22.94%
Bank	$BKX	100.49	+1.81	+1.83%	+17.13%
Biotech	$BTK	4,301.84	+73.49	+1.74%	+1.92%

Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
See the Featured Stocks with most recent note below. Feel free to contact us if you have a need for any additional information.

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
MLR - NYSE Miller Industries Inc AUTOMOTIVE - Auto Parts	$32.63	+0.80 2.51%	$32.87	21,064 63.83% of 50 DAV 50 DAV is 33,000	$35.26 -7.46%	9/24/2019	$34.00	PP = $35.36
								MB = $37.13
Most Recent Note - 10/15/2019 1:45:03 PM G - Halted its slide recently at its 200 DMA line, and a rebound above its 50 DMA line ($32.36) may help its outlook to improve. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Tested Support at Long-Term 200-Day Moving Average - 10/9/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CCBG - NASDAQ Capital City Bk Gp BANKING - Regional - Mid-Atlantic Banks	$26.89	+0.14 0.52%	$27.29	28,450 105.37% of 50 DAV 50 DAV is 27,000	$28.00 -3.96%	9/13/2019	$27.03	PP = $27.05
								MB = $28.40
Most Recent Note - 10/14/2019 5:16:50 PM Y - Still hovering near its 52-week high. Prior highs define initial support to watch above its 50 DMA line ($25.58). Due to report earnings news on 10/21/19. See the latest FSU analysis for more details, >>> FEATURED STOCK ARTICLE : Perched Near High With Earnings News Due Next Week - 10/14/2019 \| 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	$189.95	+1.75 0.93%	$190.74	137,360 39.93% of 50 DAV 50 DAV is 344,000	$201.00 -5.50%	5/9/2019	$169.25	PP = $180.55
								MB = $189.58
Most Recent Note - 10/15/2019 1:37:57 PM G - Consolidating above its 50 DMA line ($186.58). Faces little resistance due to overhead supply up to the $201 level. Prior lows in the $174-175 area define the next important support level. Reported earnings +27% on +24% sales revenues for the Jun '19 quarter. >>> FEATURED STOCK ARTICLE : Slumped and Sputtered Below 50-Day Moving Average - 9/30/2019 \| 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	$18.16	+0.37 2.08%	$18.36	122,034 61.63% of 50 DAV 50 DAV is 198,000	$22.50 -19.29%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 10/15/2019 1:18:50 PM G - A rebound above its 50 DMA line ($18.43) is needed for its outlook to improve. That short-term average may act as resistance. Prior lows in the $16.50 area define the next important support. >>> FEATURED STOCK ARTICLE : Sank Below 50-Day Average as 7 Straight Losses Follow Reversal - 10/2/2019 \| 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	$129.87	-0.52 -0.40%	$131.43	304,700 136.03% of 50 DAV 50 DAV is 224,000	$132.73 -2.15%	10/8/2019	$129.77	PP = $132.83
								MB = $139.47
Most Recent Note - 10/15/2019 12:38:09 PM Y - Stubbornly holding its ground near its all-time high following volume-driven gains last week. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($123.42) acted as support in recent weeks during its consolidation. 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 : Volume-Driven Gain for Record High Close - 10/8/2019 \| 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	$203.89	+0.85 0.42%	$205.40	2,062,777 112.78% of 50 DAV 50 DAV is 1,829,000	$205.11 -0.59%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 10/15/2019 1:40:44 PM Y - Quietly touching new all-time highs this week and trading near its "max buy" level. Its 50 DMA line ($188.75) and recent low ($185.36 on 10/03/19) define important near-term support where more damaging losses would raise serious concerns and trigger technical sell signals. >>> FEATURED STOCK ARTICLE : Found Support After Undercutting 50-Day Moving Average - 10/3/2019 \| 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	$81.74	+0.06 0.07%	$82.48	933,836 64.99% of 50 DAV 50 DAV is 1,437,000	$83.70 -2.34%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 10/9/2019 5:52:19 PM Y - Color code is changed to yellow after finding support above its 50 DMA line ($78.16) and trading back above its pivot point helping its outlook improve. >>> FEATURED STOCK ARTICLE : Found Prompt Support Near 50-Day Moving Average - 10/4/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PFPT - NASDAQ Proofpoint Inc Computer Sftwr-Security	$131.76	+2.12 1.64%	$131.87	490,227 67.62% of 50 DAV 50 DAV is 725,000	$133.58 -1.36%	10/1/2019	$129.59	PP = $132.95
								MB = $139.60
Most Recent Note - 10/15/2019 1:43:09 PM Y - Perched at its all-time high, it has met stubborn resistance in the $132 area in recent months. Its 50 DMA line ($122.38) defines near-term support. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. >>> FEATURED STOCK ARTICLE : Challenging Previously Stubborn Resistance - 10/1/2019 \| 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	$99.52	+0.89 0.90%	$99.98	204,794 79.69% of 50 DAV 50 DAV is 257,000	$99.26 0.26%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 10/9/2019 5:49:29 PM G - Posted a quiet gain today for a best-ever close. Stayed above its 50 DMA line, and challenging its all-time high, it is extended from the prior base after wedging higher with gains lacking great volume conviction. Earnings rose +39% on +9% sales revenues for the Jun '19 quarter versus the year ago period. Its 50 DMA line ($92.186) defines important support to watch along with its prior low ($86.53 on 8/28/19). >>> FEATURED STOCK ARTICLE : Near High After Finding Support at 50-Day Average - 10/7/2019 \| 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	$40.60	-5.69 -12.29%	$41.58	14,565,015 914.89% of 50 DAV 50 DAV is 1,592,000	$53.43 -24.01%	6/25/2019	$37.69	PP = $40.07
								MB = $42.07
Most Recent Note - 10/15/2019 1:16:26 PM G - Gapped down today violating prior lows in the $42-43 area triggering a worrisome technical sell signal. A rebound above the 50 DMA line ($47.29) still is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Average Needed for Outlook to Improve - 10/10/2019 \| 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

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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