FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Friday, November 11th, 2016

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AFTER MARKET UPDATE - FRIDAY, NOVEMBER 11TH, 2016

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Indices				NYSE			Nasdaq
DOW	+39.78	18,847.66	+0.21%	Volume	1,138,479,240	-19%	Volume	2,071,561,670	-23%
NASDAQ	+28.31	5,237.11	+0.54%	Advancers	1,618	54%	Advancers	2,063	71%
S&P 500	-3.03	2,164.45	-0.14%	Decliners	1,385	46%	Decliners	858	29%
Russell 2000	+30.77	1,282.38	+2.46%	52 Wk Highs	218		52 Wk Highs	364
S&P 600	+19.49	781.84	+2.56%	52 Wk Lows	181		52 Wk Lows	55

Indices Posted Solid Weekly Gains With a Big Leadership Expansion
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

For the week, the Dow climbed 5.4%, the S&P added 3.8%, and the Nasdaq gained 3.8%.Stocks finished mostly higher on Friday. The Dow was up 39 points to 18847. The S&P 500 lost 3 points to 2164 and the Nasdaq Composite added 28 points to 5237. Volume totals were lower than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by more than 2-1 on the Nasdaq exchange and 8-7 on the NYSE. Leadership remained strong as there were 125 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 128 on the prior session. New 52-week highs totals solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 600 Small Cap Index has quickly rallied from its 200-day moving average (DMA) line to new record highs with volume-driven gains. This bodes especially well for fans of the fact-based investment system which favors small cap stocks over larger and typically stodgy companies.

The Dow Jones Industrial Average climbed to a new all-time high on Thursday and the benchmark S&P 500 Index rose further above its 50 DMA line. The major averages (M criteria) are in a confirmed uptrend. 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 Dow posted its best week since 2011 as investors digested possible implications of Donald Trump's presidency on the economy. On the data front, a University of Michigan preliminary report on consumer sentiment came in at 91.6, above estimates of an 87.9 reading. In Fed news, Vice-Chairman Stanley Fischer said the case for a rate hike is quite strong as the central bank is close to achieving its dual mandate.

Six of 11 sectors in the S&P 500 finished in negative territory. In the consumer space, Michael Kors (KORS -3.98%) fell after the luxury goods maker issued a weaker-than-expected forecast for the holiday shopping season. Nordstrom (JWN +4.80%) rose as the retailer reported a boost from its Anniversary Sale. Elsewhere in earnings, Disney (DIS +2.9%) rose despite missing estimates on the top and bottom line. Shares of NVIDIA (NVDA +29.81%) surged as the chipmaker's quarterly profit widely beat Street expectations. In Industrials, Archer-Daniels-Midland (ADM -7.64%) fell after being the subject of negative analyst commentary.

The U.S. bond market was closed Friday in observance of Veteran's Day. In commodities, NYMEX WTI crude retreated 2.8% to $43.41/barrel. COMEX gold fell 3.4% to $1223.60/ounce. In FOREX, the Dollar Index gained 0.3%.

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, Semiconductor, and Networking Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Broker/Dealer Index ($XBD +1.67%) and the Bank Index ($BKX +1.00%) rose again on Friday. The Retail Index ($RLX +0.18%) eked out a small gain. The Semiconductor Index ($SOX +3.86%) led the tech sector after lagging for several days, and the Networking Index ($NWX +1.16%) rose while the Biotechnology Index ($BTK -0.27%) paused. The Oil Services Index ($OSX -1.51%) and the Integrated Oil Index ($XOI -1.72%) were lower. The Gold & Silver Index ($XAU -6.89%) was a standout decliner for a second consecutive session.

Charts courtesy www.stockcharts.com

PICTURED: The Oil Services Index ($OSX -1.51%) recently met resistance at its 200-day moving average (DMA) line, and it is now sputtering below it and the 50 DMA line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	156.65	-2.40	-1.51%	-0.68%
Integrated Oil	$XOI	1,140.85	-20.01	-1.72%	+6.35%
Semiconductor	$SOX	837.24	+31.15	+3.86%	+26.19%
Networking	$NWX	426.63	+4.91	+1.16%	+13.49%
Broker/Dealer	$XBD	191.85	+3.15	+1.67%	+7.73%
Retail	$RLX	1,327.33	+2.32	+0.18%	+3.42%
Gold & Silver	$XAU	78.05	-5.77	-6.88%	+72.30%
Bank	$BKX	82.67	+0.82	+1.00%	+13.12%
Biotech	$BTK	3,378.03	-9.15	-0.27%	-11.43%

Extended From Base After Volume Driven Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Centerstate Banks Inc (CSFL +$1.13 or +5.72% to $20.90) hit yet another new high with today's 3rd consecutive volume-driven gain, getting more extended from any sound base. Its 50-day movingb average (DMA) line and prior highs define near-term support in the $18 area.

CSFL was last shown in this FSU section on 10/10/16 with an annotated graph under the headline, "Challenged 52-Week High With Another Volume-Driven Gain", after highlighted in yellow with new pivot point cited based on its 9/08/16 high plus 10 cents in the earlier mid-day report. Subsequent volume-driven gains for new highs (N criteria) triggered a proper technical buy signal.

The Sep '16 quarter marked its 8th consecutive earnings increase above the +25% minimum guideline (C criteria), and its annual earnings (A criteria) history has been good. Its small supply of only 46.1 millions shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling.

The number of top-rated funds owning its shares rose from 180 in Jun '15 to 247 in Sep '16, a reassuring sign. Its current Up/Down Volume ratio of 1.5 is an unbiased indication its shares have been under only slight accumulation over the past 50 days (I criteria).

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	$272.29	+2.87 1.07%	$272.95	761,852 175.14% of 50 DAV 50 DAV is 435,000	$294.38 -7.50%	10/25/2016	$268.12	PP = $269.41
								MB = $282.88
Most Recent Note - 11/11/2016 4:44:14 PM Y - Today's gain above its pivot point was backed by +75% above average volume clinching a technical buy signal. Endured distributional pressure after its gain on 11/08/16 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." >>> 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	$20.90	+1.13 5.72%	$21.03	607,585 323.18% of 50 DAV 50 DAV is 188,000	$20.18 3.57%	10/10/2016	$18.20	PP = $18.37
								MB = $19.29
Most Recent Note - 11/11/2016 12:26:17 PM G - Hitting yet another new high with today's 3rd consecutive volume-driven gain, getting more extended from any sound base. Its 50 DMA line and prior highs define near-term support in the $18 area. >>> FEATURED STOCK ARTICLE : Extended From Base After Volume Driven Gains - 11/11/2016 \| 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	$234.74	+6.12 2.68%	$235.88	2,834,460 223.36% of 50 DAV 50 DAV is 1,269,000	$272.58 -13.88%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 11/11/2016 4:53:41 PM G - Managed a "positive reversal" today for a volume-driven gain. Reported earnings +40% on +32% sales revenues for the Sep '16 quarter. Only a prompt rebound above the 50 DMA line would help its outlook. >>> 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	$46.30	+0.75 1.65%	$46.78	261,574 188.18% of 50 DAV 50 DAV is 139,000	$47.72 -2.98%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 11/11/2016 4:49:53 PM Y - Posted another volume-driven gain today. Gains with more than +40% above average volume while rising above the pivot point may trigger a new (or add on) technical buy signal. Subsequent losses leading to deterioration below recent lows in the $41 area 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	$23.81	+0.51 2.19%	$24.36	232,919 137.01% of 50 DAV 50 DAV is 170,000	$24.14 -1.35%	10/27/2016	$21.03	PP = $22.60
								MB = $23.73
Most Recent Note - 11/11/2016 4:48:22 PM G - Hit another new high with today's volume-driven gain above its "max buy" level and its color code is changed to green. Triggered a technical buy signal with its 11/09/16 gain backed by +151% above average volume. No resistance remains due to overhead supply. Prior highs in the $22 area define near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Technical Breakout Backed By +151% Above Average Volume - 11/9/2016 \| 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	$63.15	+3.38 5.66%	$63.29	263,865 388.04% of 50 DAV 50 DAV is 68,000	$59.99 5.27%	7/19/2016	$53.28	PP = $52.82
								MB = $55.46
Most Recent Note - 11/11/2016 1:03:53 PM G - Hitting new all-time highs with above average volume behind today's 5th consecutive gain, getting more extended from its prior base. Prior highs in the $53 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Relative Strength Improved as Bullish Action Has Continued - 11/7/2016 \| 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	$29.60	+0.75 2.60%	$29.80	744,149 69.09% of 50 DAV 50 DAV is 1,077,000	$29.75 -0.50%	10/4/2016	$27.36	PP = $28.70
								MB = $30.14
Most Recent Note - 11/11/2016 4:52:30 PM Y - Posted a gain today for another new high, but it was backed by below average volume. Gains above a stock's pivot point must have at least +40% above average volume to trigger a proper technical buy signal. >>> FEATURED STOCK ARTICLE : Hit New High With Gain Lacking Great Volume Conviction - 11/10/2016 \| 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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