FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, November 3rd, 2016

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AFTER MARKET UPDATE - THURSDAY, NOVEMBER 3RD, 2016

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Indices				NYSE			Nasdaq
DOW	-28.97	17,930.67	-0.16%	Volume	880,708,720	-9%	Volume	1,920,768,280	-0%
NASDAQ	-47.16	5,058.41	-0.92%	Advancers	1,171	40%	Advancers	1,019	34%
S&P 500	-9.28	2,088.66	-0.44%	Decliners	1,783	60%	Decliners	1,993	66%
Russell 2000	-5.64	1,156.89	-0.49%	52 Wk Highs	16		52 Wk Highs	28
S&P 600	-2.04	703.64	-0.29%	52 Wk Lows	99		52 Wk Lows	209

Indices' Technical Damage Mounts While Leadership Remains Thin
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished lower on Thursday. The Dow was down 28 points to 17930. The S&P 500 lost 9 points to 2088 and the Nasdaq Composite fell 47 points to 5058. The S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Composite Index have unanimously slumped below prior lows having the look of a more serious "correction". The volume totals were reported lighter than the prior session total on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by 3-2 on the NYSE and nearly 2-1 on the Nasdaq exchange. There were 7 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 5 on the prior session. New 52-week lows solidly outnumbered new 52-week highs on the NYSE and Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index met resistance at its 50-day moving average (DMA) line and slumped near its 200 DMA line with 10 losses in the span of 11 sessions.

Recent deterioration in the charts of the major averages (M criteria) and less leadership (fewer stocks hitting new highs) are signs of poor market conditions. Disciplined investors following the fact-based investment system will have a bias toward reducing exposure until recognized strength returns. The Featured Stocks Page lists noteworthy high-ranked leaders.

The S&P 500 declined for an eighth-straight session as investors digested economic updates and looked ahead to tomorrow’s non-farm labor report. On the data front, initial jobless claims came in at 265,000, above the expected 256,000. In separate releases, durable goods orders fell 0.3% while factory orders rose 0.3% in September. Finally, Markit’s survey of U.S. business activity expanded to 54.8 in October.

Eight of 11 sectors in the S&P 500 finished in negative territory. Technology shares underperformed with Facebook (FB -5.7%) gapping down and sinking well below its 50 DMA line after the social media giant warned of slowing revenue growth. Fitbit (FIT -33.57%) gapped down to new lows as the company’s full year guidance fell short of forecasts. First Solar (FSLR -14.96%) also gapped down and fell well below its 50 DMA after being the subject of negative analyst commentary. In the consumer space, Wynn Resorts (WYNN -9.31%) violated its 200 DMA line as the casino operator missed sales estimates. 21st Century Fox (FOX +6.91%) rallied amid strong results at the box office.

Treasuries declined with the benchmark 10-year note down 2/32 to yield 1.80%. In commodities, NYMEX WTI crude lost 1.4% to $44.69/barrel. In FOREX, the British pound surged after a court ruled the government would need parliament to vote on Brexit before beginning the separation process from the European Union.

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.

Commodity-Linked Groups Gained Amid Broader Market Weakness
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX -0.35%), Broker/Dealer Index ($XBD -0.36%), and the Bank Index ($BKX -0.11%) each ended slightly lower on Thursday. The Biotechnology Index ($BTK -2.55%) was a standout decliner and the Semiconductor Index ($SOX -0.32%) edged lower while the Networking Index ($NWX +0.00%) was unchanged. The Gold & Silver Index ($XAU +1.83%) and Oil Services Index ($OSX +1.09%) both outpaced the Integrated Oil Index ($XOI +0.36%) as commodity-linked groups gained some ground.

Charts courtesy www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI +0.36%) has slumped back below its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	150.89	+1.63	+1.09%	-4.34%
Integrated Oil	$XOI	1,134.64	+4.08	+0.36%	+5.77%
Semiconductor	$SOX	808.00	-2.57	-0.32%	+21.78%
Networking	$NWX	400.48	-0.00	-0.00%	+6.53%
Broker/Dealer	$XBD	166.54	-0.60	-0.36%	-6.49%
Retail	$RLX	1,292.38	-4.58	-0.35%	+0.69%
Gold & Silver	$XAU	89.33	+1.61	+1.84%	+97.20%
Bank	$BKX	73.47	-0.08	-0.11%	+0.53%
Biotech	$BTK	2,834.14	-74.31	-2.55%	-25.69%

Seriously Applying the Fact-Based System Now
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

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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
TDG - NYSE Transdigm Group Inc AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services	$266.47	+0.65 0.24%	$267.10	309,842 80.27% of 50 DAV 50 DAV is 386,000	$294.38 -9.48%	10/25/2016	$268.12	PP = $269.41
								MB = $282.88
Most Recent Note - 10/31/2016 5:48:12 PM Y - Wedged to new highs with recent 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. Rebounded above its 50 DMA line with volume-driven gains after issuing a Special Dividend effective 10/20/16. >>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Line Needed - 10/19/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CSFL - NASDAQ Centerstate Banks Inc Banks-Southeast	$18.19	-0.05 -0.27%	$18.42	121,888 73.87% of 50 DAV 50 DAV is 165,000	$19.08 -4.66%	10/10/2016	$18.20	PP = $18.37
								MB = $19.29
Most Recent Note - 10/31/2016 5:40:51 PM Y - Posted a solid gain today with above average volume. Found support when consolidating above prior highs and its 50 DMA line defining near-term support in the $18 area. Subsequent losses leading to violations would trigger technical sell signals. >>> FEATURED STOCK ARTICLE : Challenged 52-Week High With Another Volume-Driven Gain - 10/10/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NTES - NASDAQ Netease Inc Adr INTERNET - Internet Information Providers	$243.42	+0.48 0.20%	$246.15	908,513 76.60% of 50 DAV 50 DAV is 1,186,000	$272.58 -10.70%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 11/2/2016 12:57:55 PM G - Testing its 50 DMA line ($243.17) which defines important support to watch. Slumped on higher volume on the prior session raising concerns after getting very extended from any sound base. >>> FEATURED STOCK ARTICLE : Very Extended From Base Following Additional Gains - 10/21/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HTHT - NASDAQ China Lodging Group Ads LEISURE - Lodging	$42.08	+0.18 0.43%	$42.97	88,697 56.86% of 50 DAV 50 DAV is 156,000	$47.72 -11.82%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 11/2/2016 12:41:50 PM G - Recently slumping below its 50 DMA line and undercutting prior lows with a streak of losses raising concerns and triggering technical sell signals. Prior highs in the $39-41 area define the next important support level to watch. A rebound above the 50 DMA line ($45.15) is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Still Building on New Base Pattern - 10/25/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LMAT - NASDAQ Lemaitre Vascular Inc Medical-Products	$20.56	+0.07 0.34%	$20.81	100,650 61.75% of 50 DAV 50 DAV is 163,000	$22.50 -8.62%	10/27/2016	$21.03	PP = $22.60
								MB = $23.73
Most Recent Note - 10/31/2016 5:50:04 PM Y - Pulled back on lighter volume today following 2 big volume-driven gains. Highlighted in yellow with pivot point cited based on its 9/20/16 high plus 10 cents in the 10/27/16 mid-day report. Subsequent volume-driven gains for new highs may trigger a technical buy signal following a base-on-base pattern. Found support above prior highs in the $18 area during its quiet consolidation and little resistance remains due to overhead supply. >>> FEATURED STOCK ARTICLE : Challenged 52-Week High With Gap Up and Volume-Driven Gain - 10/27/2016 \| 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
PAYC - NYSE "Paycom Software, Inc" COMPUTER SOFTWARE and SERVICES - Application Software	$43.13	-0.57 -1.30%	$44.09	1,763,836 239.81% of 50 DAV 50 DAV is 735,500	$52.93 -18.52%	10/18/2016	$50.25	PP = $53.03
								MB = $55.68
Most Recent Note - 11/3/2016 3:53:15 PM Reported earnings +86% on +40% sales revenues for the Sep '16 quarter. Failing to rebound today after a gapping down on the prior session violating its 50 DMA line and prior lows triggering a worrisome technical sell signal. Disciplined investors will note that a technical buy signal was not triggered after featured in yellow on 10/18/16. A rebound above its 50 DMA line is needed for its outlook to improve. It will be dropped from the Featured Stocks list tonight. >>> FEATURED STOCK ARTICLE : Technical Breakout Needed to Trigger a Proper Buy Signal - 10/18/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SFBS - NASDAQ Servisfirst Bancshares BANKING - Regional - Southeast Banks	$53.54	+0.06 0.11%	$53.94	58,957 96.65% of 50 DAV 50 DAV is 61,000	$54.42 -1.62%	7/19/2016	$53.28	PP = $52.82
								MB = $55.46
Most Recent Note - 10/31/2016 5:46:34 PM Y - Overcame early weakness to hit another new high and finish strong. Today's gain backed by +52% above average volume helped reconfirm a technical buy signal. Found support after undercutting its 50 DMA line ($52.23) More damaging losses would raise concerns. >>> FEATURED STOCK ARTICLE : Relative Strength Rating is Under Guidelines While Perched Near Highs - 9/22/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
OLLI - NASDAQ Ollie's Bargain Outlet Retail-DiscountandVariety	$25.80	-0.85 -3.19%	$26.70	497,353 45.75% of 50 DAV 50 DAV is 1,087,000	$28.72 -10.17%	10/4/2016	$27.36	PP = $28.70
								MB = $30.14
Most Recent Note - 11/3/2016 3:50:33 PM G - Quietly slumping below its 50 DMA line ($26.44) today raising concerns and its color code is changed to green. Since highlighted in yellow with new pivot point cited based on its 9/01/16 high plus 10 cents, members were repeatedly reminded - "Volume-driven gains above the pivot point are still needed to trigger a convincing technical buy signal." >>> FEATURED STOCK ARTICLE : Gapped Up on News Being Added to S&P 600 Small Cap Index - 10/4/2016 \| 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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