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AFTER MARKET UPDATE - TUESDAY, NOVEMBER 15TH, 2016
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Indices NYSE Nasdaq
DOW  +54.37 18,923.06 +0.29% Volume 1,016,419,910 -13% Volume 1,967,626,080 -8%
NASDAQ +57.22 5,275.62 +1.10% Advancers 2,194 73% Advancers 1,738 60%
S&P 500 +16.19 2,180.39 +0.75% Decliners 831 27% Decliners 1,172 40%
Russell 2000 +3.55 1,302.14 +0.27% 52 Wk Highs 150   52 Wk Highs 202  
S&P 600 +2.13 795.17 +0.27% 52 Wk Lows 45   52 Wk Lows 32  

Indices Rose With Less Leadership and Less Volume Conviction

Stocks finished higher on Tuesday. The Dow was up 54 points to 18923. The S&P 500 added 16 points to 2180 and the Nasdaq Composite gained 57 points to 5275. The benchmark S&P 500 Index ended -0.6% off its record high and the tech-heavy Nasdaq Composite Index rebounded above its 50-day moving average (DMA) lineVolume totals were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by 3-2 on the Nasdaq exchange and by an 11-4 margin on the NYSE. There were 68 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from 170 on the prior session. New 52-week highs totals contracted yet still solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com
PICTURED: The Dow Jones Industrial Average rallied to a new record high close with a streak of 7 consecutive gains. 

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.  ThFeatured Stocks Page lists noteworthy high-ranked leaders.

The Dow extended its winning streak to seven-straight sessions on Tuesday as crude prices climbed and investors digested a flurry of economic releases. NYMEX WTI crude rallied 4.7% to $45.34/barrel, amid renewed optimism that OPEC nations will deliver production cuts and stabilize prices. On the data front, retail sales rose 0.8% in October, above analyst expectations. In a separate release, import prices increased 0.5% last month. Finally, a report revealed manufacturing in the New York region expanded in November.

Ten of 11 sectors in the S&P 500 finished in positive territory. On the earnings front, Advance Auto Parts (AAP +15.00%) roe after the company posted better-than-expected quarterly results. Shares of JD.com (JD +11.39%) rose as net revenue rose 38% year-over-year. In the retail space, Home Depot (HD -2.56%) fell despite reporting same-store sales rose 5.5% in the quarter. Dick’s Sporting Goods (DKS -6.86%) fell after providing disappointing outlook for the holiday season. In Health Care, Teva Pharmaceuticals (TEVA -8.36%) fell as the drugmaker reduced its forward guidance.

Treasuries advanced on Tuesday for the first time since the presidential election. The benchmark 10-year note was up 7/32 to yield 2.23%. In commodities, COMEX gold added 0.2% to $1224.60/ounce.

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 and Tech Groups Led Gainers

The Semiconductor Index ($SOX +1.90%) and the Networking Index ($NWX +0.82%) both rose, but the Biotechnology Index ($BTK -0.61%) pulled back on TuesdayThe Oil Services Index ($OSX +3.45%) and the Gold & Silver Index ($XAU +4.53%) were standout gainers while the Integrated Oil Index ($XOI +2.50%) also tallied a solid gainThe Retail Index ($RLX +0.59%), Broker/Dealer Index ($XBD +0.36%), and the Bank Index ($BKX +0.29%) each edged higher. 

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +0.36%) posted an 8th consecutive gain.

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  165.35 +5.52 +3.45% +4.83%
Integrated Oil $XOI  1,170.70 +28.52 +2.50% +9.13%
Semiconductor $SOX  847.90 +15.82 +1.90% +27.80%
Networking $NWX  435.07 +3.53 +0.82% +15.73%
Broker/Dealer $XBD  196.96 +0.71 +0.36% +10.60%
Retail $RLX  1,320.14 +7.75 +0.59% +2.86%
Gold & Silver $XAU  82.40 +3.57 +4.53% +81.90%
Bank $BKX  85.59 +0.24 +0.28% +17.12%
Biotech $BTK  3,442.72 -21.30 -0.61% -9.73%


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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  
$258.92 +5.98
2.36%

$262.47

1,326,721
539.32% of 50 DAV
50 DAV is 246,000
$294.38
-12.05%
10/25/2016 $268.12 PP = $269.41
MB = $282.88
Most Recent Note - 11/15/2016 4:40:15 PM
G - Rebounded today after a damaging loss on the prior session violated its 50 DMA line raising concerns and triggering a technical sell signal. A rebound above its 50 DMA line ($262) is needed for its outlook to improve. Reported earnings +16% on +8% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.
>>> 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  
$21.26 -0.04
-0.19%

$21.35

278,515
133.90% of 50 DAV
50 DAV is 208,000
$21.93
-3.06%
10/10/2016 $18.20 PP = $18.37
MB = $19.29
Most Recent Note - 11/14/2016 12:37:38 PM
G - Today's 4th consecutive volume-driven gain has it getting very 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 
EVR - NYSE
Evercore Partners Inc
FINANCIAL SERVICES - Investment Banking  
$64.35 +0.60
0.94%

$64.45

669,904
174.45% of 50 DAV
50 DAV is 384,000
$64.30
0.08%
11/14/2016 $63.30 PP = $60.73
MB = $63.77
Most Recent Note - 11/14/2016 5:33:51 PM
Y - Finished strong today after highlighted in yellow with pivot point based on its 11/06/15 high plus 10 cents in the earlier mid-day report. It rallied to new 52-week and multi-year highs with its 8th consecutive volume-driven gain, ending near its "max buy"" level. EVR reported earnings +51% on +25% sales revenues for the Sep '16 quarter. Three of the past 4 earnings increases were above the +25% minimum guideline (C criteria). See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Big Volume Driven Gain Extends Winning Streak - 11/14/2016
 |  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  
$228.10 +10.19
4.68%

$232.90

1,715,043
130.72% of 50 DAV
50 DAV is 1,312,000
$272.58
-16.32%
6/29/2016 $182.42 PP = $186.55
MB = $195.88
Most Recent Note - 11/15/2016 4:38:39 PM
G - Posted a gain with above average volume today. Only a prompt rebound above the 50 DMA line ($247) would help its outlook improve. Reported earnings +40% on +32% sales revenues for the Sep '16 quarter.
>>> 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  
$46.61 -0.96
-2.02%

$48.14

264,279
182.26% of 50 DAV
50 DAV is 145,000
$48.14
-3.18%
9/29/2016 $46.12 PP = $47.82
MB = $50.21
Most Recent Note - 11/15/2016 4:46:51 PM
G - Churned above average volume for the past 3 sessions near its all-time high. Reported earnings +10% on +6% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns. Its color code is changed to green. Subsequent losses below its 50 DMA line ($45) would raise concerns, and deterioration below recent lows in the $41 area would raise greater concerns and trigger a more worrisome technical sell signal.
>>> 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 
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
LMAT - NASDAQ
Lemaitre Vascular Inc
Medical-Products  
$23.00 -0.09
-0.39%

$23.12

226,296
131.57% of 50 DAV
50 DAV is 172,000
$24.36
-5.58%
10/27/2016 $21.03 PP = $22.60
MB = $23.73
Most Recent Note - 11/15/2016 4:51:21 PM
Y - Finished near the session high today after it found support near prior highs in the $22 area. No resistance remains due to overhead supply.
>>> 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 
SFBS - NASDAQ
Servisfirst Bancshares
BANKING - Regional - Southeast Banks  
$63.80 -0.45
-0.70%

$63.98

160,929
214.57% of 50 DAV
50 DAV is 75,000
$64.30
-0.78%
7/19/2016 $53.28 PP = $52.82
MB = $55.46
Most Recent Note - 11/14/2016 1:13:09 PM
G - Perched at new all-time highs with above average volume behind today's 6th consecutive gain, getting very 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  
$29.85 -0.70
-2.29%

$30.70

811,096
79.60% of 50 DAV
50 DAV is 1,019,000
$31.60
-5.54%
10/4/2016 $27.36 PP = $28.70
MB = $30.14
Most Recent Note - 11/15/2016 4:46:22 PM
Y - Pulled back on lighter volume today, ending below its "max buy" level, and its color code is changed to yellow. Recent gains above the pivot point did not 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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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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