FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, NOVEMBER 7TH, 2016

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Indices				NYSE			Nasdaq
DOW	+371.32	18,259.60	+2.08%	Volume	889,719,720	-0%	Volume	1,746,330,850	-6%
NASDAQ	+119.80	5,166.17	+2.37%	Advancers	2,454	82%	Advancers	2,558	82%
S&P 500	+46.34	2,131.52	+2.22%	Decliners	521	18%	Decliners	568	18%
Russell 2000	+28.81	1,192.25	+2.48%	52 Wk Highs	72		52 Wk Highs	75
S&P 600	+17.09	724.26	+2.42%	52 Wk Lows	52		52 Wk Lows	127

Market Rebounded But With Lighter Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks rallied higher on Monday. The Dow climbed 371 points to 18259. The S&P 500 added 46 points to 2131 and the Nasdaq Composite gained 119 points to 5166. The S&P 500 Index rallied after finding impressive support at its 200 DMA line. However, volume totals behind the gains were reported lighter than the prior session totals on the NYSE and lower on the Nasdaq exchange, leaving questions concerning the intensity of buying conviction from institutional investors. Breadth was positive as advancers led decliners by more than 4-1 on the NYSE and on the Nasdaq exchange. Leadership improved as there were 28 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, up from 9 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE, but new lows still outnumbered new 52-week highs on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average rallied for a considerable gain and closed above its 50-day moving average (DMA) line for the first time since September 8, 2016. Recent lows define important support to watch above its 200 DMA line. Subsequent violations would raise more serious concerns.

Damage remains on the charts of the major averages (M criteria) while the benchmark S&P 500 Index and the Nasdaq Composite Index both remain below their respective 50 DMA lines. Therefore, subsequent losses having the look of a more serious "correction" may prompt disciplined investors to keep reducing exposure to stocks. When more recognized strength and leadership returns, new buying efforts should only be made in candidates with superior fundamental and technical characteristics. The Featured Stocks Page lists noteworthy high-ranked leaders.

The S&P 500 snapped a nine-day losing streak ahead of Tuesday's U.S. presidential election. On Sunday afternoon, the FBI cleared Hillary Clinton over her use of a private email server. Interest rate expectations buoyed amid the news. According to Bloomberg data, futures are currently pricing an 80% probability of a rate hike by December versus 76% odds on Friday. In M&A news, NetSuite (N) shareholders endorsed Oracle Corp’s (ORCL +2.12%) bid for the software provider.

All 11 sectors in the S&P 500 finished in positive territory. Financials finished higher with HSBC (HSBC +3.94%) rose after posting a jump in its capital levels to 13.9%. In the consumer space, Sysco Corp (SYY +9.83%) rallied as the company reported double digit profit growth. Health Care shares advanced with Biogen (BIIB + 6.72%) after being the subject of positive analyst commentary. In Tech, Cognizant Technology (CTSH +5.13%) rose amid solid client demand for IT services in the quarter. ON Semiconductor (ON -0.95%) fell after missing estimates on the top and bottom line.

Treasuries declined with the benchmark 10-year note down 14/32 to yield 1.82%. In commodities, NYMEX WTI crude added 1.9% to $44.91/barrel. In FOREX, the Dollar Index advanced 0.7%.

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

The Retail Index ($RLX +2.60%), Bank Index ($BKX +2.81%) and the Broker/Dealer Index ($XBD +2.57%) tallied solid gains on Monday. The Biotechnology Index ($BTK +4.09%) was a standout gainer while the Semiconductor Index ($SOX +2.86%) and the Networking Index ($NWX +2.07%) also posted big gains. The Oil Services Index ($OSX +1.13%) and the Integrated Oil Index ($XOI +2.21%) both rose, meanwhile the Gold & Silver Index ($XAU -2,69%) lost ground.

Charts courtesy www.stockcharts.com

PICTURED: The Networking Index ($NWX +2.07%) is challenging its record high after recently rebounding above its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	151.55	+1.69	+1.13%	-3.92%
Integrated Oil	$XOI	1,150.72	+24.88	+2.21%	+7.27%
Semiconductor	$SOX	825.87	+22.99	+2.86%	+24.48%
Networking	$NWX	408.29	+8.28	+2.07%	+8.61%
Broker/Dealer	$XBD	171.46	+4.30	+2.57%	-3.72%
Retail	$RLX	1,319.17	+33.40	+2.60%	+2.78%
Gold & Silver	$XAU	86.72	-2.40	-2.69%	+91.43%
Bank	$BKX	75.42	+2.06	+2.81%	+3.20%
Biotech	$BTK	3,005.13	+117.96	+4.09%	-21.21%

Relative Strength Improved as Bullish Action Has Continued
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

ServisFirst Bancshares Inc (SFBS +$0.68 or +1.28% to $53.97) posted a gain today with above average volume for its second best close ever. It was recently noted that its 10/31/16 gain backed by +52% above average volume helped reconfirm a technical buy signal. It found support after briefly undercutting its 50-day moving average (DMA) line. More damaging losses would raise concerns.

Since last shown in this FSU section on 9/22/16 with an annotated graph under the headline, "Relative Strength Rating is Under Guidelines While Perched Near Highs". its Relative Strength Rating has improved from 74 to 85, back above the 80+ minimum guideline for buy candidates under the fact-based investment system.

SFBS reported earnings +28% on +18% sales revenues for the Sep '16 quarter, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria), helping it match the fact-based investment system's guidelines. Earnings rose +28%, +34%, and +31% in the Dec '15, Mar and Jun '16 quarters, respectively, and underlying sales revenues growth has been in the +17-26% range. Its annual earnings (A criteria) history has been strong.

The number of top-rated funds owning its shares rose from 159 in Sep '15 to 231 in Sep '16, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been essentially neutral in terms of accumulation/distribution over the past 50 days. Its small supply of only 23.1 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling.

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
TDG - NYSE Transdigm Group Inc AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services	$270.45	+3.00 1.12%	$271.57	543,030 138.88% of 50 DAV 50 DAV is 391,000	$294.38 -8.13%	10/25/2016	$268.12	PP = $269.41
								MB = $282.88
Most Recent Note - 11/7/2016 5:47:43 PM Y - Posted a gain today with +39% above average volume conviction. Previously noted - "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	$18.67	+0.45 2.47%	$18.70	174,963 105.40% of 50 DAV 50 DAV is 166,000	$19.08 -2.15%	10/10/2016	$18.20	PP = $18.37
								MB = $19.29
Most Recent Note - 11/7/2016 5:53:46 PM Y - Gapped up today. Its 50 DMA line and prior highs define 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	$251.18	+7.75 3.18%	$256.00	1,207,069 102.03% of 50 DAV 50 DAV is 1,183,000	$272.58 -7.85%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 11/7/2016 5:50:03 PM G - Gapped up today for a solid gain on average volume. Its 50 DMA line and recent lows define important support to watch. It is 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	$45.41	+2.91 6.85%	$45.75	176,131 121.47% of 50 DAV 50 DAV is 145,000	$47.72 -4.84%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 11/7/2016 5:58:41 PM Y - Color code is changed to yellow after a considerable volume-driven gain helped it rebound above its 50 DMA line ($45.08), improving its outlook. Halted its slide in the $41 area. Subsequent losses leading to deterioration below recent lows would raise greater concerns. >>> 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	$21.89	+1.27 6.16%	$21.96	194,136 118.38% of 50 DAV 50 DAV is 164,000	$22.50 -2.71%	10/27/2016	$21.03	PP = $22.60
								MB = $23.73
Most Recent Note - 11/7/2016 6:00:56 PM Y - Today's big volume-driven gain led to a best-ever close. The pivot point cited was based on its 9/20/16 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a technical buy signal following a base-on-base pattern. 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
SFBS - NASDAQ Servisfirst Bancshares BANKING - Regional - Southeast Banks	$53.97	+0.68 1.28%	$54.29	86,515 139.54% of 50 DAV 50 DAV is 62,000	$54.42 -0.83%	7/19/2016	$53.28	PP = $52.82
								MB = $55.46
Most Recent Note - 11/7/2016 5:45:53 PM Y - Posted a gain with above average volume today for its second-best close ever. Found support near its 50 DMA line in recent weeks. More damaging losses would raise concerns. See the latest FSU analysis for more details and a new annotated graph. >>> 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	$26.55	+0.40 1.53%	$26.65	681,638 62.82% of 50 DAV 50 DAV is 1,085,000	$28.72 -7.56%	10/4/2016	$27.36	PP = $28.70
								MB = $30.14
Most Recent Note - 11/7/2016 5:52:46 PM Y - Color code is changed to yellow after it rebounded above its 50 DMA line ($26.43) helping its outlook improve. Still faces near-term resistance up through the $27-28 level. 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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