FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, October 30th, 2019

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AFTER MARKET UPDATE - WEDNESDAY, OCTOBER 30TH, 2019

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Indices				NYSE			Nasdaq
DOW	+115.27	27,186.69	+0.43%	Volume	836,957,760	+4%	Volume	1,893,409,972	+4%
NASDAQ	+27.13	8,303.98	+0.33%	Advancers	1,513	53%	Advancers	1,560	51%
S&P 500	+9.88	3,046.77	+0.33%	Decliners	1,341	47%	Decliners	1,495	49%
Russell 2000	-4.23	1,572.85	-0.27%	52 Wk Highs	152		52 Wk Highs	98
S&P 600	-4.45	975.91	-0.45%	52 Wk Lows	40		52 Wk Lows	74

S&P 500 Index Hit Another Record High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 advanced 0.3%, closing at a fresh all-time high. The Dow added 115 points, while the Nasdaq Composite climbed 0.3%. Volume totals reported were higher than the prior session totals on the Nasdaq exchange and the NYSE. Advancers led decliners by a narrow margin on the NYSE and on the Nasdaq exchange. There were 47 high-ranked companies from the Leaders List that hit a new 52-week high and were listed on the BreakOuts Page, down from the total of 80 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 perched -0.8% off its record high.

Stocks finished higher Wednesday after the Federal Reserve cut its benchmark interest rate by 0.25% for the third time since July. During the post-meeting press conference, Fed Chair Jerome Powell indicated a pause in monetary stimulus and said the central bank would need to see a “really significant” up-tick in inflation to hike rates.

Eight of 11 S&P 500 sectors finished the session in positive territory with Health Care and Utilities groups pacing gains. In earnings, General Electric (GE +11.47%) rose after reporting quarterly profit and sales above Wall Street forecasts. Advanced Micro Devices (AMD +0.10%) sputtered after the chipmaker missed analyst revenue projections. On the trade front, the international summit in Chile where the U.S. and China were expected to sign “phase one” of a trade agreement was unexpectedly canceled. However, the White House released a statement that the expectations of China signing “phase one” of the deal in November remains unchanged.

Treasuries advanced following a flurry of economic updates and central bank news. The yield on the 10-year note dropped six basis points to 1.77%. The initial print of third-quarter GDP showed the U.S. economy grew at a 1.9% annualized pace during the July-September period, slowing from the prior 2% clip. The figure came in above consensus forecasts, with consumer spending rising at a 2.9% rate. Separately, ADP revealed the U.S. private sector added 125,000 jobs in October, rebounding from September’s downwardly revised 93,000 figure.

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.

Retail and Gold & Silver Indexes Rose; Energy Group Weak
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX -0.91%) slumped while the Broker/Dealer Index ($XBD -0.02%) finished flat and the Retail Index ($RLX +0.69%) helped to boost the major indices. The tech sector was indecisive as the Semiconductor Index ($SOX -0.06%), Networking Index ($NWX +0.06%), and the Biotech Index ($BTK -0.12%) each was little changed. Commodity-linked groups were mixed as the Oil Services Index ($OSX -4.35%) and the Integrated Oil Index ($XOI -2.17%) both fell while the Gold & Silver Index ($XAU +0.86%) notched a solid gain.

Charts courtesy of www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI -2.17%) recently met resistance near its 200-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	65.80	-2.99	-4.35%	-18.36%
Integrated Oil	$XOI	1,225.57	-27.14	-2.17%	+5.73%
Semiconductor	$SOX	1,661.46	-1.00	-0.06%	+43.83%
Networking	$NWX	555.33	+0.34	+0.06%	+13.64%
Broker/Dealer	$XBD	267.28	-0.05	-0.02%	+12.62%
Retail	$RLX	2,406.07	+16.59	+0.69%	+23.30%
Gold & Silver	$XAU	93.26	+0.80	+0.87%	+31.98%
Bank	$BKX	104.81	-0.96	-0.91%	+22.17%
Biotech	$BTK	4,462.24	-5.51	-0.12%	+5.72%

Perched at Record High at Time of Quarterly Report
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Churchill Downs Inc (CHDN +$0.64 or +0.48% to $133.37) reported earnings news for the Sep '19 quarter after today's close

Recent gains into new all-time high territory were backed by volume that was above average, clearing the new pivot point cited based on its 8/01/19 high plus 10 cents, triggering a new (or add-on) technical buy signal.

Annual earnings (A criteria) growth has been strong since a downturn in FY '14. Members were previously reminded - "Keep in mind that it is due to report earnings news on 10/30/19. Volume and volatility often increase near earnings news. Jun '19 earnings +10% on +26% sales revenues versus the year ago period were below the +25% minimum earnings guideline (C criteria), noted recently as the results raised fundamental concerns. It still has an Earnings Per Share Rating of 95."

The L criteria of the fact-based investment system guides investors toward buying leading stocks that are in leading industry groups. The Leisure - Gaming/Equipment industry group has a Group Relative Strength Rating of C+.

CHDN was highlighted in yellow in the 10/08/19 mid-day report (read here) and it was last shown in this FSU section on 10/08/19 with an annotated graph under the headline, "Volume-Driven Gain for Record High Close".

The number of top-rated funds owning its shares rose from 333 in Jun '17 to 469 in Sep '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a small supply of 35.2 million shares (S criteria) outstanding following a 3:1 split effective 1/28/19, and this small supply 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	$36.04	+0.89 2.53%	$36.34	91,522 277.34% of 50 DAV 50 DAV is 33,000	$35.85 0.53%	9/24/2019	$34.00	PP = $35.36
								MB = $37.13
Most Recent Note - 10/30/2019 12:37:41 PM Y - Hitting another new high with today's 4th consecutive gain backed by ever-increasing volume. Prior reports repeatedly noted - "Subsequent gains and a close above the pivot point backed by at least +40% above average volume may trigger a convincing technical buy signal. Fundamentals remain strong." >>> FEATURED STOCK ARTICLE : Hit New High But Did Not Close Session Above Pivot Point - 10/29/2019 \| 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	$28.96	+0.14 0.49%	$29.10	36,181 120.60% of 50 DAV 50 DAV is 30,000	$29.17 -0.72%	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	$21.96	+1.15 5.53%	$22.00	483,737 224.99% of 50 DAV 50 DAV is 215,000	$22.50 -2.40%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 10/30/2019 12:05:39 PM Y - Reported earnings +26% on +15% sales revenues for the Sep '19 quarter. Rallying above the prior pivot point with this week's volume driven gains. 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	$133.37	+0.64 0.48%	$133.95	279,132 109.46% of 50 DAV 50 DAV is 255,000	$135.32 -1.44%	10/8/2019	$129.77	PP = $132.83
								MB = $139.47
Most Recent Note - 10/30/2019 5:43:29 PM Y - Perched at its all-time high after recent volume-driven gains triggered a new (or add-on) technical buy signal. Reported earnings news after the close. Its 50 DMA line ($126) 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. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Perched at Record High at Time of Quarterly Report - 10/30/2019 \| 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	$205.85	+0.27 0.13%	$206.11	1,278,927 68.91% of 50 DAV 50 DAV is 1,856,000	$209.02 -1.52%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 10/28/2019 12:31:21 PM G - Holding its ground near its all-time high after wedging higher with gains lacking great volume conviction. Its 50 DMA line ($193.44) 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	$84.00	-0.68 -0.80%	$84.68	860,767 57.69% of 50 DAV 50 DAV is 1,492,000	$85.31 -1.54%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 10/30/2019 5:45:05 PM G - Wedged to new all-time highs with recent gains lacking great volume conviction. Its 50 DMA line ($80.34) 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
BLD - NYSE Topbuild Corp Bldg-Constr Prds/Misc	$96.52	-1.07 -1.10%	$97.56	444,313 179.16% of 50 DAV 50 DAV is 248,000	$102.81 -6.12%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 10/28/2019 5:33:11 PM G - Pulled back today with higher 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 ($95) defines important support to watch along with its prior low ($91.31 on 10/03/19). >>> 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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