FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, OCTOBER 21ST, 2019

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Indices				NYSE			Nasdaq
DOW	+57.44	26,827.64	+0.21%	Volume	778,171,980	-10%	Volume	1,736,659,530	-13%
NASDAQ	+71.92	8,161.46	+0.89%	Advancers	1,908	66%	Advancers	2,089	67%
S&P 500	+20.52	3,006.72	+0.69%	Decliners	971	34%	Decliners	1,049	33%
Russell 2000	+14.66	1,550.14	+0.95%	52 Wk Highs	177		52 Wk Highs	116
S&P 600	+8.48	958.85	+0.89%	52 Wk Lows	30		52 Wk Lows	70

Breadth Positive as Major Indices Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow added 57 points. The S&P 500 advanced 0.7%, climbing above the 3,000 level and within 1% of its all-time high. The Nasdaq Composite jumped 0.9% as Apple (AAPL+1.73%) reached a new record high. Volume totals reported were lighter than the prior session totals on the Nasdaq exchange and on the NYSE, indicative of lackluster institutional buying demand. Breadth had a positive bias as advancers led decliners by a 2-1 margin on the NYSE and on the Nasdaq exchange. There were 80 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 43 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.The major indices (M criteria) are in a "confirmed uptrend" after enduring distributional pressure in recent weeks. 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 above its 50-day moving average (DMA) line and perched only -2.1% off its record high hit on 7/26/19. Its 200 DMA line and prior lows define important near-term support.

U.S. equities finished higher on Monday as investors looked ahead to a jam-packed week of corporate earnings results and monitored updates on the trade front. President Trump reiterated trade negotiations with China were progressing, while White House economic advisor Larry Kudlow indicated December tariffs could be withdrawn if the talks continue to go well. This followed Chinese Vice Premier Liu He’s comments over the weekend that the U.S. and China have made “substantial progress” on trade. Brexit developments also garnered attention, after lawmakers in the U.K. decided to delay a vote on Prime Minister Boris Johnson’s new deal. Treasuries weakened, with the yield on the benchmark 10-year note adding five basis points to 1.80%.

Nine of 11 S&P 500 sectors ended the day in positive territory. The Energy group paced the gains with Halliburton (HAL +6.40%) up after the oil field services giant matched Wall Street profit estimates but had revenue that came in slightly below expectations. In other corporate news, Teva Pharmaceuticals (TEVA +8.67%) after the drug maker along with three other companies reached a last-minute settlement to avoid trial in Ohio regarding the opioid crisis. Boeing’s (BA -3.76%) decline weighed on the Dow. Shares of the jet maker fell after being the subject of multi-analyst downgrades amid continued scrutiny over its 737 MAX planes.In commodities, WTI crude declined 0.5% to $53.51/barrel. COMEX gold lost 0.4% to $1,482.40/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.

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

The Broker/Dealer Index ($XBD +1.07%) and the Bank Index ($BKX +1.84%) both posted solid gains and outpaced the Retail Index ($RLX +0.62%). The tech sector had a positive bias as the Semiconductor Index ($SOX +1.88%), Biotech Index ($BTK +1.49%) and the Networking Index ($NWX +1.63%) posted unanimous gains. The Oil Services Index ($OSX +3.37%) and the Integrated Oil Index ($XOI +1.58%) both rose.

Charts courtesy of www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU -1.89%) was a standout decliner and has been sputtering below its 50-day moving average line several weeks.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	64.98	+2.12	+3.37%	-19.38%
Integrated Oil	$XOI	1,204.56	+18.75	+1.58%	+3.92%
Semiconductor	$SOX	1,620.04	+29.95	+1.88%	+40.24%
Networking	$NWX	564.37	+9.06	+1.63%	+15.49%
Broker/Dealer	$XBD	260.88	+2.76	+1.07%	+9.92%
Retail	$RLX	2,411.04	+14.81	+0.62%	+23.55%
Gold & Silver	$XAU	88.81	-1.72	-1.90%	+25.69%
Bank	$BKX	102.86	+1.87	+1.85%	+19.90%
Biotech	$BTK	4,343.55	+63.96	+1.49%	+2.91%

Consolidating Above 50-Day Average But Below Prior Pivot Point
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Audiocodes Ltd (AUDC +$0.29 or +1.55% to $19.03) has rebounded above its 50-day moving average (DMA) line ($18.42) but remains below its pivot point after slumping since a "negative reversal" at its all-time high. The recent low ($17.54 on 10/08/19) defines the next important support where more damaging losses would raise concerns and trigger a technical sell signal.

Bullish action came after it reported earnings +57% on +14% sales revenues for the Jun '19 quarter, continuing its strong earnings track record for a 10th consecutive quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings growth has been strong and it has a 99 Earnings Per Share Rating.

AUDC was highlighted in yellow with new pivot point cited based on its 4/24/19 high plus 10 cents in the 7/15/19 mid-day report (read here). This Israel-based designer of advanced voice-over-IP products shown in this FSU section on 10/02/19 with an annotated graph under the headline, "Sank Below 50-Day Average as 7 Straight Losses Follow Reversal".

The number of top-rated funds owning its shares rose from 33 in Mar '18 to 77 in Sep '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have been under very slight distributional pressure over the past 50 days. It has a Timeliness Rating of B and Sponsorship Rating of B. The small supply of 22.8 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling.

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
MLR - NYSE Miller Industries Inc AUTOMOTIVE - Auto Parts	$32.20	+0.17 0.53%	$32.90	43,681 145.60% of 50 DAV 50 DAV is 30,000	$35.26 -8.68%	9/24/2019	$34.00	PP = $35.36
								MB = $37.13
Most Recent Note - 10/21/2019 5:43:51 PM G - Sputtering near its 50 DMA line ($32.42). Halted its slide recently at its 200 DMA line. 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	$27.51	+0.46 1.70%	$27.74	23,806 88.17% of 50 DAV 50 DAV is 27,000	$28.00 -1.75%	9/13/2019	$27.03	PP = $27.05
								MB = $28.40
Most Recent Note - 10/17/2019 4:14:59 PM Y - Still hovering near its 52-week high. Prior highs define initial support to watch above its 50 DMA line ($25.74). Due to report earnings news on 10/21/19. >>> 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	$185.98	-0.98 -0.52%	$188.13	201,059 65.92% of 50 DAV 50 DAV is 305,000	$201.00 -7.47%	5/9/2019	$169.25	PP = $180.55
								MB = $189.58
Most Recent Note - 10/21/2019 5:44:53 PM G - Consolidating near its 50 DMA line ($186.88). 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 : Faces Some Resistance Due to Overhead Supply - 10/16/2019 \| 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	$19.03	+0.29 1.55%	$19.06	177,501 89.65% of 50 DAV 50 DAV is 198,000	$22.50 -15.42%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 10/21/2019 5:42:13 PM G - Consolidating above its 50 DMA line ($18.43) but still sputtering below the prior pivot point. Recent low ($17.54 on 10/08/19) defines the next important support. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Average But Below Prior Pivot Point - 10/21/2019 \| 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	$130.77	-0.54 -0.41%	$133.55	289,429 120.60% of 50 DAV 50 DAV is 240,000	$132.73 -1.48%	10/8/2019	$129.77	PP = $132.83
								MB = $139.47
Most Recent Note - 10/18/2019 5:51:40 PM Y - Churned heavy volume as it rallied for a best-ever close today. 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	$205.28	-1.83 -0.88%	$207.65	1,563,429 84.60% of 50 DAV 50 DAV is 1,848,000	$209.02 -1.79%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 10/18/2019 5:44:08 PM G - Hit a new all-time high as it rose above its "max buy" level and its color code is changed to green. Its 50 DMA line ($190) and recent low ($185.36 on 10/03/19) define important near-term support. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : LULU Stretches to Hit New Record High - 10/18/2019 \| 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	$83.62	+1.30 1.58%	$84.33	4,265,850 301.69% of 50 DAV 50 DAV is 1,414,000	$83.70 -0.10%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 10/21/2019 11:57:54 AM G - Color code is changed to green after rallying above its "max buy" level and hitting a new all-time high with today's volume-driven gain. Its 50 DMA line ($79.16) defines near-term support above the prior low ($76.35 on 10/03/19). >>> 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	$119.99	+0.55 0.46%	$120.89	706,461 95.18% of 50 DAV 50 DAV is 742,200	$133.58 -10.17%	10/1/2019	$129.59	PP = $132.95
								MB = $139.60
Most Recent Note - 10/18/2019 5:50:04 PM G - Violated its 50 DMA line ($122.75) with a volume-driven loss today triggering a technical sell signal and its color code is changed to green. Met stubborn resistance in the $132 area in recent months. A prompt rebound above the 50 DMA line is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Recently Met Stubborn Resistance Near Prior Highs - 10/17/2019 \| 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	$101.43	-0.18 -0.18%	$102.81	205,895 85.08% of 50 DAV 50 DAV is 242,000	$102.72 -1.26%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 10/17/2019 4:14:20 PM G - Wedged into all-time high territory with today's 5th consecutive gain 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 ($93.61) defines important support to watch along with its prior low ($91.31 on 10/03/19). >>> 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	$38.95	+0.10 0.26%	$39.25	2,423,624 110.32% of 50 DAV 50 DAV is 2,197,000	$53.43 -27.10%	6/25/2019	$37.69	PP = $40.07
								MB = $42.07
Most Recent Note - 10/18/2019 5:47:03 PM G - After a gap down violated prior lows in the $42-43 area triggering a worrisome technical sell signal it completed a Secondary Offering on 10/17/19. A rebound above the 50 DMA line ($47) 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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