FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Tuesday, November 12th, 2019

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AFTER MARKET UPDATE - TUESDAY, NOVEMBER 12TH, 2019

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Indices				NYSE			Nasdaq
DOW	+0.00	27,691.49	+0.00%	Volume	790,575,270	+4%	Volume	1,985,205,000	+16%
NASDAQ	+21.81	8,486.09	+0.26%	Advancers	1,364	48%	Advancers	1,544	50%
S&P 500	+4.83	3,091.84	+0.16%	Decliners	1,475	52%	Decliners	1,523	50%
Russell 2000	+0.35	1,595.12	+0.02%	52 Wk Highs	119		52 Wk Highs	152
S&P 600	-0.15	985.47	-0.02%	52 Wk Lows	71		52 Wk Lows	107

Major Indices Hit Record Highs With Better Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 added 0.2%, posting a new closing high after exceeding 3,100 for the first time during the session. The Dow ended the day unchanged, while the Nasdaq Composite closed up 0.3%, notching a fresh record level.. Decliners led advancers by a narrow margin on the NYSE while the mix was near even on the Nasdaq exchange. Volume totals reported were slightly higher than the prior session on both major exchanges. There were 64 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 44 on the prior session. New 52-week highs totals solidly outnumbered new 52-week lows totals 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 at its record high.

Stocks finished mostly higher Tuesday as investors digested comments from President Trump and weighed corporate earnings results. In a lunchtime speech to the Economic Club of New York, President Trump noted that the initial part of a broader trade deal with Beijing could be finalized soon, but he also suggested that tariffs on Chinese goods would be increased substantially if no agreement is reached.

On the earnings front, D.R. Horton (DHI +3.08%) rose after the home construction company topped Wall Street profit forecasts and projected higher 2020 sales, citing strong demand and lower mortgage rates. Rockwell Automation (ROK +10.50%) rose following positive quarterly figures from the factory equipment maker. Advance Auto Parts (AAP -7.51%) fell after its same-store sales figure missed consensus estimates. CBS Corp. (CBS -3.62%) fell after delivering disappointing revenue figures amid a sharp decline in advertisement sales. Tyson Foods (TSN +7.43%) rose following positive remarks concerning the company’s move into alternative meats. In other corporate news, Disney (DIS +1.35%) rose following the launch of its new Disney+ streaming service.

Treasuries strengthened with the yield on the 10-year note down three basis points to 1.91%. On the data front, the NFIB reported that small business optimism improved in October. In commodities, WTI crude slipped 0.1% to $56.80/barrel, while COMEX gold rose 0.1% to $1,458.80/ounce, still near its lowest level since August.

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.

Tech Sector and Gold & Silver Index Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX -0.15%), Broker/Dealer Index ($XBD +0.13%), and the Retail Index ($RLX -0.05%) each ended the session little changed. The Networking Index ($NWX +0.21%), Biotech Index ($BTK +0.66%), andSemiconductor Index ($SOX +0.28%) posted unanimous gains, but all were on the small side. Energy-linked groups had a negative bias as the Oil Services Index ($OSX -1.49%) and the Integrated Oil Index ($XOI -0.61%).

Charts courtesy of www.stockcharts.com

PICTURED: The Gold & Silver Index is consolidating near ts 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	68.70	-1.04	-1.49%	-14.76%
Integrated Oil	$XOI	1,246.63	-7.63	-0.61%	+7.55%
Semiconductor	$SOX	1,732.42	+4.83	+0.28%	+49.97%
Networking	$NWX	584.32	+1.21	+0.21%	+19.57%
Broker/Dealer	$XBD	273.94	+0.36	+0.13%	+15.42%
Retail	$RLX	2,386.42	-1.11	-0.05%	+22.29%
Gold & Silver	$XAU	92.60	+1.07	+1.17%	+31.05%
Bank	$BKX	109.05	-0.16	-0.15%	+27.11%
Biotech	$BTK	4,578.01	+30.15	+0.66%	+8.46%

Perched Near High Following Recent Volume-Driven Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Topbuild Corp (BLD +$1.01 or +0.95% to $107.32) is consolidating after getting very extended from any sound base with volume-driven gains last week for new all-time highs. Recently it reported earnings +24% on +5% sales revenues for the Sep '19 quarter versus the year ago period, just below the +25% minimum guideline (C criteria). It still has a 98 Earnings Per Share Rating, as its annual earnings (A criteria) history has also been strong and steady since turning profitable in FY '14.

BLD was last shown in this FSU section on 10/23/19 with an annotated graph under the headline, "Pulling Back After Recently Wedging Into New High Territory". It was highlighted in yellow with new pivot point cited based on its 8/12/18 high plus 10 cents in the 5/17/19 mid-day report (read here). It found prompt support near its 50-day moving average (DMA) line ($98.13) during its ongoing ascent.

The number of top-rated funds owning its shares rose from 380 in Dec '18 to 453 in Sep '19. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication its shares have been under slight accumulation over the past 50 days. It has a Timeliness Rating of A and a Sponsorship Rating of D.

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
MLR - NYSE Miller Industries Inc AUTOMOTIVE - Auto Parts	$35.96	+0.97 2.77%	$36.06	54,981 134.10% of 50 DAV 50 DAV is 41,000	$37.70 -4.62%	9/24/2019	$34.00	PP = $35.36
								MB = $37.13
Most Recent Note - 11/8/2019 12:34:21 PM Y - Retreating from its 52-week high with today's 3rd consecutive loss with above average volume. Prior highs in the $35 area define initial support above its 50 DMA line ($33.40). 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	$29.85	+0.10 0.34%	$29.94	21,639 61.83% of 50 DAV 50 DAV is 35,000	$30.85 -3.24%	9/13/2019	$27.03	PP = $27.05
								MB = $28.40
Most Recent Note - 11/7/2019 5:37:18 PM G - There was a "negative reversal" after hitting another new 52-week high today. Extended from the prior base. Prior highs define important support to watch along with its 50 DMA line ($27.07). >>> FEATURED STOCK ARTICLE : Noted "Positive Reversal" on Volatile Session After Earnings - 10/31/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
FTNT - NASDAQ Fortinet Inc Computer Sftwr-Security	$99.99	+4.04 4.21%	$100.08	2,446,595 185.21% of 50 DAV 50 DAV is 1,321,000	$98.21 1.81%	11/11/2019	$97.14	PP = $97.06
								MB = $101.91
Most Recent Note - 11/12/2019 5:44:40 PM Y - Posted a solid gain above its new pivot point today backed by +85% above average volume triggering a new (or add-on) technical buy signal. Gapped up on 11/01/19 helping its outlook to improve. Bullish action came after it reported earnings +37% on +21% sales revenues for the Sep '19 quarter versus the year ago period. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Reversed Into Red Today After Touching New High - 11/11/2019 \| 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	$21.64	+0.20 0.93%	$21.82	259,642 101.82% of 50 DAV 50 DAV is 255,000	$22.50 -3.82%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 11/11/2019 12:44:57 PM G - Rebounded from early lows today below its "max buy" level. Reported earnings +26% on +15% sales revenues for the Sep '19 quarter. Its 50 DMA line ($19.31) and recent low ($17.54 on 10/08/19) define important near-term support levels to watch. >>> FEATURED STOCK ARTICLE : Audiocodes is Quietly Perched Near its All-Time High - 11/7/2019 \| 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	$125.88	-0.38 -0.30%	$127.07	210,405 74.88% of 50 DAV 50 DAV is 281,000	$135.32 -6.98%	10/8/2019	$129.77	PP = $132.83
								MB = $139.47
Most Recent Note - 11/11/2019 11:46:18 AM G - Technically, meeting resistance at its 50 DMA line ($126.53) when trying to rebound following damaging volume-driven losses last week. Reported Sep '19 earnings +4% on +38% sales revenues versus the year ago period, its 2nd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria), raising greater fundamental concerns. >>> 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
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
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$207.81	+0.62 0.30%	$208.74	1,724,108 87.03% of 50 DAV 50 DAV is 1,981,000	$209.02 -0.58%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 11/11/2019 11:49:05 AM G - After wedging higher with gains lacking great volume conviction it found prompt support again near its 50 DMA line ($197.41). The prior low ($185.36 on 10/03/19) defines the next important near-term support. >>> FEATURED STOCK ARTICLE : Testing 50-Day Moving Average With Loss on Above Average Volume - 11/4/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CPRT - NASDAQ Copart Inc SPECIALTY RETAIL - Auto Dealerships	$82.30	-0.67 -0.81%	$83.37	1,263,550 82.42% of 50 DAV 50 DAV is 1,533,000	$85.31 -3.53%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 11/11/2019 11:47:40 AM Y - Still consolidating below its "max buy" level and finding support above its 50 DMA line ($81.47). The 50 DMA line defines near-term support above the prior low ($76.35 on 10/03/19). Wedged to new all-time highs with recent gains lacking great volume conviction. >>> FEATURED STOCK ARTICLE : Testing Support at 50-Day Moving Average - 11/6/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NMIH - NASDAQ N M I Holdings Inc Cl A Finance-MrtgandRel Svc	$33.59	+1.17 3.61%	$33.88	471,912 115.10% of 50 DAV 50 DAV is 410,000	$33.54 0.15%	11/8/2019	$32.89	PP = $31.44
								MB = $33.01
Most Recent Note - 11/12/2019 5:46:14 PM G - Color code is changed to green after rising above its "max buy" level with today's gain backed by near average volume. Reported earnings +54% on +42% sales revenues for the Sep '19 quarter, and prior quarterly comparisons were also well above the +25% minimum guideline (C criteria). After years of losses it had profitable years for FY '16, '17, and '18. >>> FEATURED STOCK ARTICLE : Hit New High With Volume-Driven Gains - 11/8/2019 \| 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	$107.32	+1.01 0.95%	$107.99	246,739 86.27% of 50 DAV 50 DAV is 286,000	$111.48 -3.73%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 11/12/2019 5:43:01 PM G - Extended from any sound base and consolidating after volume-driven gains for new all-time highs. Reported earnings +24% on +5% sales revenues for the Sep '19 quarter versus the year ago period, just below the +25% minimum guideline (C criteria). Found prompt support near its 50 DMA line ($98.13) during its ongoing ascent. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Perched Near High Following Recent Volume-Driven Gains - 11/12/2019 \| 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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