FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, OCTOBER 25TH, 2019

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Indices				NYSE			Nasdaq
DOW	+152.53	26,958.06	+0.57%	Volume	778,781,400	-3%	Volume	1,896,078,810	+3%
NASDAQ	+57.32	8,243.12	+0.70%	Advancers	1,621	57%	Advancers	1,877	61%
S&P 500	+12.26	3,022.55	+0.41%	Decliners	1,237	43%	Decliners	1,180	39%
Russell 2000	+8.53	1,558.71	+0.55%	52 Wk Highs	130		52 Wk Highs	111
S&P 600	+6.57	968.12	+0.68%	52 Wk Lows	27		52 Wk Lows	52

Major Indices Rose and Remain Near Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow added 152 points, ending the week up 0.7%. The S&P 500 added 0.4% to gain 1.2% for the week and close within 0.5% of its all-time high. The Nasdaq Composite rose 0.7% on the day and 1.9% for the week. Friday's volume totals reported were mixed, higher than the prior session total on the Nasdaq exchange and lighter on the NYSE. Advancers led decliners by a 4-3 margin on the NYSE and 3-2 on the Nasdaq exchange. There were 62 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 55 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 Dow Jones Industrial Average is consolidating above its 50-day moving average (DMA) line and perched only -1.6% off its record high. Its 200 DMA line and prior lows define important near-term support.

Stocks advanced Friday as investors digested more corporate earnings reports and positive developments in the U.S.-China trade negotiations. Seven of 11 S&P 500 sectors finished the session in positive territory with Technology and Materials pacing gains. In corporate news, Amazon (AMZN -1.09%) fell after the e-commerce giant fell short of consensus earnings expectations and revealed profits declined 26% year-over-year. Intel (INTC +8.10%) rose after topping Wall Street earnings estimates and raising its current quarter guidance. Shares of Verizon (VZ -0.35%) after the communications company posted revenue figures that were in-line with analyst projections. Anheuser-Busch InBev (BUD -10.67%) fell after the alcoholic beverage maker missed consensus profit estimates and lowered its growth outlook.

The trade front garnered investors’ attention as the U.S. and China continued deputy level negotiations. The office of U.S. Trade Representatives stated that the Washington and Beijing are close to solidifying aspects of the “phase one” trade accord. Meanwhile, overnight a report indicated Chinese officials will ask for the U.S. to abandon roughly $150 billion in proposed tariffs in exchange for increased purchases of U.S. agricultural products.

On the data front, a final update on consumer sentiment levels in October came in at 95.5, just below the preliminary reading of 96.0. Treasuries weakened as the yield on the 10-year note added four basis point to 1.80.

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

Financial shares had a positive bias as the Bank Index ($BKX +1.09%) outpaced the Broker/Dealer Index ($XBD +0.49%), meanwhile, the Retail Index ($RLX -0.41%) was a clear laggard. The tech sector had a positive bias as the Semiconductor Index ($SOX +2.05%) posted another solid gain, followed by the Biotech Index ($BTK +0.68%) and the Networking Index ($NWX +0.95%). Commodity-linked groups also had a positive bias as the Oil Services Index ($OSX +0.91%), Integrated Oil Index ($XOI +1.17%), and the Gold & Silver Index ($XAU +1.67%) posted unanimous gains.

Charts courtesy of www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +0.49%) rebounded impressively from the early-October low.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	67.22	+0.61	+0.92%	-16.60%
Integrated Oil	$XOI	1,248.08	+14.39	+1.17%	+7.68%
Semiconductor	$SOX	1,648.67	+33.16	+2.05%	+42.72%
Networking	$NWX	557.47	+5.22	+0.95%	+14.08%
Broker/Dealer	$XBD	262.54	+1.28	+0.49%	+10.62%
Retail	$RLX	2,392.85	-9.86	-0.41%	+22.62%
Gold & Silver	$XAU	93.54	+1.54	+1.67%	+32.38%
Bank	$BKX	104.71	+1.13	+1.09%	+22.05%
Biotech	$BTK	4,393.12	+29.57	+0.68%	+4.08%

Weak Action Following Lackluster Earnings Report
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Proofpoint Inc (PFPT -$10.65 or -8.56% to $113.80) saw weak action after it reported earnings +23% on +23% sales revenues for the Sep '19 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns. It gapped down today and violated its 200 DMA line ($118.60) with a damaging volume-driven loss triggering a technical sell signal. It will be dropped from the Featured Stocks list tonight.

PFPT was highlighted in yellow with pivot point cited based on its 7/26/19 high in the 10/01/19 mid-day report (read here). Members were reminded - "Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal." The Computer Software-Security firm met stubborn resistance in the $132 area in recent months. Disciplined investors will note that it failed to trigger a technical buy signal and only slumped after last shown in this FSU section on 10/17/19 with an annotated graph under the headline, "Recently Met Stubborn Resistance Near Prior Highs".

The number of top-rated funds owning its shares rose from 517 in Dec '18 to 593 in Sep '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume ration of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. Its small supply of 56.1 million shares outstanding (S criteria) 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	$33.52	+0.01 0.03%	$34.13	29,858 93.31% of 50 DAV 50 DAV is 32,000	$35.26 -4.93%	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	$28.80	+0.38 1.34%	$29.15	36,175 120.58% of 50 DAV 50 DAV is 30,000	$28.72 0.28%	9/13/2019	$27.03	PP = $27.05
								MB = $28.40
Most Recent Note - 10/25/2019 12:27:31 PM G - Hitting yet another new 52-week high with today's 7th consecutive gain, rallying further above its "max buy" level. Prior highs define initial support to watch above its 50 DMA line ($26.16). Due to report earnings news on 10/29/19. >>> 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
AUDC - NASDAQ Audiocodes Ltd ELECTRONICS - Scientific and Technical Instrum	$18.73	+0.28 1.52%	$18.97	113,625 57.10% of 50 DAV 50 DAV is 199,000	$22.50 -16.76%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 10/25/2019 3:26:55 PM G - Consolidating above its 50 DMA line ($18.49) but still sputtering below the prior pivot point after slumping back into the prior base. Recent low ($17.54 on 10/08/19) defines the next important support. >>> 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	$133.47	+1.13 0.85%	$133.91	358,162 145.00% of 50 DAV 50 DAV is 247,000	$133.55 -0.06%	10/8/2019	$129.77	PP = $132.83
								MB = $139.47
Most Recent Note - 10/25/2019 3:25:25 PM Y - Inching into new all-time high territory with gains lacking great volume conviction. Gains above a stock's pivot point must be backed by at least +40% above average volume to trigger a proper new (or add-on) technical buy signal. Its 50 DMA line ($125.41) 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	$208.00	+1.16 0.56%	$208.06	983,970 53.74% of 50 DAV 50 DAV is 1,831,000	$209.02 -0.49%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 10/25/2019 3:22:52 PM G - Holding its ground near its all-time high after wedging higher with gains lacking great volume conviction. Its 50 DMA line ($192.88) and recent low ($185.36 on 10/03/19) define important near-term support. >>> 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	$83.94	-0.69 -0.82%	$85.10	1,294,763 87.01% of 50 DAV 50 DAV is 1,488,000	$84.90 -1.13%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 10/25/2019 5:51:09 PM G - Reversed and closed lower after it touched a new all-time high today and its color code is changed to green. Its 50 DMA line ($79.84) defines near-term support above the prior low ($76.35 on 10/03/19). >>> 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	$113.80	-10.65 -8.56%	$120.32	2,352,016 306.69% of 50 DAV 50 DAV is 766,900	$133.58 -14.81%	10/1/2019	$129.59	PP = $132.95
								MB = $139.60
Most Recent Note - 10/25/2019 5:48:43 PM Reported earnings +23% on +23% sales revenues for the Sep '19 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns. Gapped down today and violated its 200 DMA line ($118.60) with a damaging volume-driven loss triggering a technical sell signal. It will be dropped from the Featured Stocks list tonight. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Weak Action Following Lackluster Earnings Report - 10/25/2019 \| 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	$100.06	+0.03 0.03%	$101.78	154,316 62.73% of 50 DAV 50 DAV is 246,000	$102.81 -2.67%	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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