FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, October 23rd, 2019

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AFTER MARKET UPDATE - WEDNESDAY, OCTOBER 23RD, 2019

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Indices				NYSE			Nasdaq
DOW	+45.85	26,833.95	+0.17%	Volume	772,897,870	+3%	Volume	1,798,468,740	-2%
NASDAQ	+15.49	8,119.79	+0.19%	Advancers	1,849	64%	Advancers	1,658	54%
S&P 500	+8.53	3,004.52	+0.28%	Decliners	1,033	36%	Decliners	1,385	45%
Russell 2000	+1.99	1,552.86	+0.13%	52 Wk Highs	143		52 Wk Highs	78
S&P 600	+2.41	963.82	+0.25%	52 Wk Lows	28		52 Wk Lows	57

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

The Dow rose 45 points, while the S&P 500 advanced 0.3% ending the day above the 3,000 point level. The Nasdaq Composite gained 0.2%. Volume totals reported were mixed, lower than the prior session total on the Nasdaq exchange and higher on the NYSE. Advancers led decliners by a 9-5 margin on the NYSE and by a narrower 8-7 margin on the Nasdaq exchange. There were 46 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 63 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 S&P 500 Index is consolidating above its 50-day moving average (DMA) line and perched only -0.8% off its record high. Its 200 DMA line and prior lows define important near-term support.

Stocks finished higher Wednesday as investors evaluated key earnings reports. Nine of 11 S&P 500 sectors finished the session in positive territory with Energy and Communication Services stocks pacing the gains. Caterpillar (CAT +1.23%) rose despite its third-quarter profit tally fell short of Wall Street estimates. The heavy equipment maker reduced its outlook, citing soft global demand. Boeing (BA +1.04%) rose after reiterating plans for its 737-MAX aircraft to resume operations by year-end. Texas Instruments (TXN -7.48%) fell after the chipmaker’s current-quarter revenue forecast widely missed analyst expectations. Chipotle Mexican Grill (CMG -5.16%) fell on worries surrounding increasing costs of wages and delivery. Anthem (ANTM +1.25%) rose after the health insurer increased its full-year forecast amid higher demand for its government-backed health plans. Eli Lilly (LLY -2.22%) fell after its quarterly sales came in below analyst projections. Meanwhile, Apple (AAPL +1.34%) recorded a new record high after receiving a price target increase.

Treasuries were little changed, with the 10-year note yield steady at 1.76%. In commodities, WTI crude advanced 2.4% to $55.78/barrel after a report from the Energy Information Administration (EIA) showed U.S. crude stockpiles shrank in most recent week, compared to analysts’ forecasts calling for an increase in stockpiles.

In geopolitical news, investors are keeping an eye on Brexit developments. Prime Minister Boris Johnson was unable to secure a key Parliamentary vote yesterday, leaving the EU to decide whether or not to extend the current October 31st deadline.

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

The Bank Index ($BKX +0.49%) and the Broker/Dealer Index ($XBD +0.70%) rose but the Retail Index ($RLX -0.47%) edged lower. The tech sector had a negative bias as the Semiconductor Index ($SOX -1.93%) outpaced the Networking Index ($NWX -0.42%) to the downside while the Biotech Index ($BTK +0.00%) finished flat. Commodity-linked groups had a positive bias as the Oil Services Index ($OSX +1.63%), Integrated Oil Index ($XOI +0.78%), and the Gold & Silver Index ($XAU +1.13%) posted unanimous gains.

Charts courtesy of www.stockcharts.com

PICTURED: The Biotech Index ($BTK +0.00%) has rebounded above its 50-day moving average line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	67.60	+1.09	+1.64%	-16.13%
Integrated Oil	$XOI	1,231.09	+9.57	+0.78%	+6.21%
Semiconductor	$SOX	1,576.58	-31.02	-1.93%	+36.48%
Networking	$NWX	561.02	-2.35	-0.42%	+14.81%
Broker/Dealer	$XBD	261.59	+1.82	+0.70%	+10.22%
Retail	$RLX	2,392.63	-11.20	-0.47%	+22.61%
Gold & Silver	$XAU	90.00	+1.00	+1.12%	+27.37%
Bank	$BKX	104.08	+0.51	+0.49%	+21.32%
Biotech	$BTK	4,359.56	+0.10	+0.00%	+3.29%

Pulling Back After Recently Wedging Into New High Territory
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Topbuild Corp (BLD -$1.68 or -1.67% to $98.82) pulled back for a 4th consecutive loss with light volume after wedging into all-time high territory with 5 consecutive gains lacking great volume conviction. It is extended from the prior base. Its 50-day moving average (DMA) line ($94.42) defines important support to watch along with its prior low ($91.31 on 10/03/19).

It reported earnings +39% on +9% sales revenues for the Jun '19 quarter versus the year ago period, continuing its strong earnings track record of quarterly earnings increases above the +25% minimum guideline (C criteria). It has a 99 Earnings Per Share Rating, as its annual earnings (A criteria) history has also been strong and steady since turning profitable in FY '14.

BLD was last shown in this FSU section on 10/07/19 with an annotated graph under the headline, "Near High After Finding Support at 50-Day Average". It was highlighted in yellow with new pivot point cited based on its 8/12/18 high plus 10 cents in the 5/17/19 mid-day report (read here).

The number of top-rated funds owning its shares rose from 380 in Dec '18 to 437 in Sep '19. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness Rating of A and a Sponsorship Rating of D.

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
MLR - NYSE Miller Industries Inc AUTOMOTIVE - Auto Parts	$34.26	+1.75 5.38%	$34.44	127,444 411.11% of 50 DAV 50 DAV is 31,000	$35.26 -2.84%	9/24/2019	$34.00	PP = $35.36
								MB = $37.13
Most Recent Note - 10/23/2019 5:58:10 PM G - Rallied from near its 50 DMA line ($32.46) to nearly challenge prior highs with today's big volume-driven gain. 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	$28.42	+0.77 2.78%	$28.46	33,118 118.28% of 50 DAV 50 DAV is 28,000	$28.00 1.50%	9/13/2019	$27.03	PP = $27.05
								MB = $28.40
Most Recent Note - 10/23/2019 5:56:26 PM G - Hit a new 52-week high with today's 5th consecutive gain and its color code is changed to green after closing above its "max buy" level. Prior highs define initial support to watch above its 50 DMA line ($26). Due to report earnings news. >>> 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
AUDC - NASDAQ Audiocodes Ltd ELECTRONICS - Scientific and Technical Instrum	$18.51	+0.23 1.26%	$18.68	118,381 58.90% of 50 DAV 50 DAV is 201,000	$22.50 -17.73%	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	$131.36	+0.10 0.08%	$132.00	234,766 95.43% of 50 DAV 50 DAV is 246,000	$133.55 -1.64%	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
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$205.46	+1.06 0.52%	$206.42	1,070,418 57.49% of 50 DAV 50 DAV is 1,862,000	$209.02 -1.70%	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
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
CPRT - NASDAQ Copart Inc SPECIALTY RETAIL - Auto Dealerships	$83.04	-0.09 -0.11%	$83.21	1,093,541 73.79% of 50 DAV 50 DAV is 1,482,000	$84.90 -2.19%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 10/22/2019 5:28:29 PM Y - Color code is changed to yellow after reversal and retreat below its "max buy" level. Its 50 DMA line ($79.31) defines near-term support above the prior low ($76.35 on 10/03/19). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Reversed Into Red Today After Hitting New All-Time High - 10/22/2019 \| 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	$121.40	+1.59 1.33%	$121.73	793,602 105.04% of 50 DAV 50 DAV is 755,500	$133.58 -9.12%	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	$98.82	-1.68 -1.67%	$100.32	218,838 89.69% of 50 DAV 50 DAV is 244,000	$102.81 -3.88%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 10/23/2019 5:53:42 PM G - Pulled back today for a 4th straight loss with light volume after wedging into all-time high territory 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 ($94.42) defines important support to watch along with its prior low ($91.31 on 10/03/19). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Pulling Back After Recently Wedging Into New High Territory - 10/23/2019 \| 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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