FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, November 16th, 2017

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AFTER MARKET UPDATE - THURSDAY, NOVEMBER 16TH, 2017

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Indices				NYSE			Nasdaq
DOW	+187.08	23,458.36	+0.80%	Volume	776,168,500	-9%	Volume	1,993,230,233	+4%
NASDAQ	+87.08	6,793.29	+1.30%	Advancers	2,219	75%	Advancers	1,922	73%
S&P 500	+21.02	2,585.64	+0.82%	Decliners	743	25%	Decliners	724	27%
Russell 2000	+22.79	1,486.88	+1.56%	52 Wk Highs	117		52 Wk Highs	141
S&P 600	+15.29	905.23	+1.72%	52 Wk Lows	43		52 Wk Lows	38

Leadership Improved and Nasdaq Composite Hit New Record High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks rebounded on Thursday. The Dow jumped 187 points to 23458. The S&P 500 advanced 21 points to 2585. The Nasdaq rose 87 points to 6793. Volume totals reported were mixed, slightly lower than the prior session total on the NYSE and higher on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 3-1 margin on the NYSE and nearly 3-1 on the Nasdaq exchange. Leadership improved as there were 72 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, well up from the total of 22 on the prior session. New 52-week highs totals outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange. The Featured Stocks Page provides the latest analysis on noteworthy high-ranked leaders.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index hit a new record high.

The major averages (M criteria) are in a confirmed uptrend. Investors should only consider stocks meeting all key criteria of the fact-based investment system as they trigger technical buy signals.

The major averages finished in the green to snap a two-session losing streak amid corporate earnings releases and news on tax reform. As expected, the House of Representatives passed its tax plan by a margin of 227-205. The bill will now head to the Senate, where the outcome of a vote on its version of the bill is far less certain. On the economic front, initial jobless claims rose to a six week high of 249,000 while industrial production grew 0.9% in October, well above consensus estimates of a 0.5% increase.

Nine of 11 sectors in the S&P 500 finished in positive territory. Consumer Staples paced the gains with Wal-Mart (WMT +10.90%) and JM Smucker (SJM +9.52%) up after both companies topped analyst profit forecasts. Technology shares also outperformed with Cisco Systems (CSCO +5.19%) and NetApp (NTAP +15.91%) rising following optimistic earnings results from both companies. Media company Viacom (VIAB -3.78%) fell after posting a mixed quarterly report.

Treasuries declined along the curve with the yield on the benchmark 10-year note up four basis points to 2.37%. In commodities, NYMEX WTI crude fell 0.2% to $55.21/barrel while COMEX gold was up 0.1% to $1278.40/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.

Tech, Retail, and Broker/Dealer Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX +1.03%) and the Broker/Dealer Index ($XBD +0.50%) posted gains while the Bank Index ($BKX -0.03%) finished flat on Thursday. The tech sector was led by the Networking Index ($NWX +1.99%) while the Biotechnology Index ($BTK +1.62%) and the Semiconductor Index ($SOX +1.54%) also posted solid gains. The Oil Services Index ($OSX -0.68%) and the Integrated Oil Index ($XOI -0.32%) lost ground along with the Gold & Silver Index ($XAU -0.25%).

Charts courtesy www.stockcharts.com

PICTURED: The Oil Services Index ($OSX -0.68%) met resistance when rebounding near its 200-day moving average (DMA) line, then slumped back below its 50 DMA line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	129.53	-0.89	-0.68%	-29.52%
Integrated Oil	$XOI	1,236.54	-3.91	-0.32%	-2.48%
Semiconductor	$SOX	1,313.11	+19.91	+1.54%	+44.86%
Networking	$NWX	476.61	+9.28	+1.99%	+6.84%
Broker/Dealer	$XBD	244.95	+1.22	+0.50%	+19.32%
Retail	$RLX	1,611.27	+16.39	+1.03%	+19.98%
Gold & Silver	$XAU	79.84	-0.20	-0.25%	+1.24%
Bank	$BKX	99.07	-0.04	-0.04%	+7.93%
Biotech	$BTK	4,141.07	+65.84	+1.62%	+34.67%

Holding Ground Near Record High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Houlihan Lokey Inc (HLI -$0.03 or -0.07% to $42.37) has posted gains with light volume recently while trading above its "max buy" level. On 10/26/17 it priced a Secondary Offering. Such offerings typically hinder price performance for a short time, yet they also help to attract new or greater institutional interest (I criteria).

The high ranked Finance - Invest Bank/Broker firm was last shown in this FSU section on 10/23/17 with an annotated graph under the headline, "Recent Gains Lacked Volume; Earnings Report Due Soon". It reported earnings +51% on +30% sales revenues for its second quarter ended September 30th versus the year-ago period. The past 3 quarterly comparisons were above the +25% minimum earning guideline (C criteria). Annual earnings growth (A criteria) history is a good match with the fact-based investment system's guidelines. It has an Earnings Per share rating of 98.

Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a current Timeliness rating of A and a Sponsorship rating of C. The number of top-rated funds owning its shares rose from 165 in Jun '16 to 277 in Sep '17, also a reassuring sign concerning the I criteria. Its small supply of only 24.6 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
THO - NYSE Thor Industries Inc AUTOMOTIVE - Recreational Vehicles	$131.19	-0.80 -0.61%	$133.11	607,460 89.60% of 50 DAV 50 DAV is 678,000	$138.07 -4.98%	8/14/2017	$106.67	PP = $110.01
								MB = $115.51
Most Recent Note - 11/16/2017 5:43:04 PM G - Consolidating after getting extended from the previously noted base. Its 50 DMA line ($126) and recent low ($127.29 on 11/08/17) define near-term support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure After Getting Extended From Base - 11/10/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PFBC - NASDAQ Preferred Bank Los Angls BANKING - Regional - Pacific Banks	$59.69	+0.64 1.08%	$59.90	52,397 66.49% of 50 DAV 50 DAV is 78,800	$66.58 -10.35%	10/10/2017	$59.38	PP = $59.08
								MB = $62.03
Most Recent Note - 11/15/2017 6:23:33 PM Y - Consolidating above its 50 DMA line ($58.06) which has recently acted as support. Slumped below prior highs in the $60 area raising concerns while completely negating the recent breakout. >>> FEATURED STOCK ARTICLE : Slump Back Into Prior Base Raised Concerns - 11/8/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AVGO - NASDAQ Broadcom Limited ELECTRONICS - Semiconductor - Broad Line	$272.11	+6.51 2.45%	$274.65	3,090,709 103.09% of 50 DAV 50 DAV is 2,998,000	$281.80 -3.44%	10/30/2017	$261.19	PP = $259.46
								MB = $272.43
Most Recent Note - 11/13/2017 5:17:18 PM Y - Quietly consolidating above prior highs in the $259 area defining initial support to watch. Pulled back from its all-time high following 11/06/17 news it made a bid for Qualcomm Inc (QCOM). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Consolidating Near Record High Following Volume-Driven Gains - 11/13/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
YY - NASDAQ YY Inc Ads INTERNET - Internet Service Providers	$107.02	-4.37 -3.92%	$116.90	4,510,209 303.11% of 50 DAV 50 DAV is 1,488,000	$111.52 -4.04%	9/25/2017	$80.26	PP = $83.10
								MB = $87.26
Most Recent Note - 11/16/2017 1:25:06 PM G - Reversed into the red today after hitting another new high. Spiked to a new all-time high with a gap up and big volume-driven gain on the prior session, getting very extended from any sound base. Reported Sep '17 quarterly earnings +42% on +49% sales revenues. Volume and volatility often increase near earnings news. Found support when consolidating above its 50 DMA line ($87.96). Patient investors may watch for a new base or secondary buy point to possibly develop and be noted in the weeks ahead. >>> FEATURED STOCK ARTICLE : Chinese Social Media Firm Reported Earnings - 11/14/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
STMP - NASDAQ Stamps.com Inc INTERNET - Internet Software and Services	$175.25	+0.95 0.55%	$177.00	328,355 73.95% of 50 DAV 50 DAV is 444,000	$233.13 -24.83%	9/11/2017	$193.65	PP = $220.35
								MB = $231.37
Most Recent Note - 11/13/2017 3:47:05 PM G - Holding its ground well above its 200 DMA line ($157) since its gap down on 11/03/17 for a damaging volume-driven loss. Fundamentals remain strong. A rebound above the 50 DMA line ($206.58) is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Perched Near Record High Ahead of Earnings News - 11/1/2017 \| 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
HTHT - NASDAQ China Lodging Group Ads LEISURE - Lodging	$127.46	+3.77 3.05%	$127.81	501,139 113.90% of 50 DAV 50 DAV is 440,000	$142.80 -10.74%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 11/15/2017 12:32:39 PM G - Has not formed a sound base and it is sputtering below its 50 DMA line ($124.98) today, still consolidating since proposing a new Public Offering on 10/26/17. Earnings +19% on +18% sales revenues for the Jun '17 quarter were below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. >>> FEATURED STOCK ARTICLE : Testing 50-Day Moving Average Line After Proposed Offering - 11/2/2017 \| 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	$35.11	+0.67 1.95%	$35.49	254,168 122.79% of 50 DAV 50 DAV is 207,000	$39.88 -11.96%	7/28/2017	$33.50	PP = $33.32
								MB = $34.99
Most Recent Note - 11/15/2017 6:20:32 PM G - Its Relative Strength rating has improved to 85, above the 80+ minimum guideline for buy candidates. A rebound above the 50 DMA line ($36.39) is needed for its outlook to improve. Losses below the 200 DMA line and recent low would raise greater concerns. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Halted Slide After Damaging 50-Day Moving Average Breach - 11/15/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PATK - NASDAQ Patrick Industries Inc Bldg-Mobile/Mfg and RV	$90.30	+3.35 3.85%	$91.80	92,013 112.21% of 50 DAV 50 DAV is 82,000	$96.25 -6.18%	10/26/2017	$90.90	PP = $87.90
								MB = $92.30
Most Recent Note - 11/16/2017 5:51:23 PM Y - Posted a solid gain today. Found support when recently consolidating near prior highs in the $86-87 area. Its 50 DMA line ($84.41) also defines near-term support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Volume 4 Times Average Behind Breakout Gain on Earnings News - 10/26/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ESNT - NYSE Essent Group Ltd Finance-MrtgandRel Svc	$44.87	+0.98 2.23%	$45.22	2,395,354 269.14% of 50 DAV 50 DAV is 890,000	$45.10 -0.51%	10/9/2017	$39.75	PP = $41.54
								MB = $43.62
Most Recent Note - 11/16/2017 12:41:35 PM G - Its 50 DMA line ($41.23) and recent low ($39.79 on 11/03/17) define important near-term support to watch on pullbacks. Fundamentals remain strong. Color code is changed to green after rallying above its "max buy" level and hitting a new all-time high. >>> FEATURED STOCK ARTICLE : Perched Near High After Streak of Gains - 10/24/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
FIVE - NASDAQ Five Below Inc Retail-DiscountandVariety	$59.15	+1.22 2.11%	$59.62	580,456 81.75% of 50 DAV 50 DAV is 710,000	$58.69 0.78%	10/6/2017	$57.13	PP = $54.23
								MB = $56.94
Most Recent Note - 11/13/2017 3:51:48 PM G - Color code is changed to green after quietly rising above its "max buy" level today and hitting another new all-time high. Prior highs and its 50 DMA line define support in the $54 area. >>> FEATURED STOCK ARTICLE : Prior Highs Define Important Support While Consolidating - 10/31/2017 \| 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
OLED - NASDAQ Universal Display Corp Elec-Misc Products	$179.25	+6.40 3.70%	$179.90	772,041 85.21% of 50 DAV 50 DAV is 906,000	$178.71 0.30%	8/31/2017	$128.22	PP = $127.78
								MB = $134.17
Most Recent Note - 11/16/2017 5:48:21 PM G - Hit another new all-time high with today's gain on light volume, very extended from any sound base pattern. Reported Sep '17 quarterly earnings of 28 cents per share versus a year-ago loss of 3 cents per share on sales revenues +104%. Prior highs in the $145 area and its 50 DMA line ($140.85) define important near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Prior Highs and 50-Day Average Define Near-Term Support - 10/25/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ANET - NYSE Arista Networks Inc TELECOMMUNICATIONS - Communication Equipment	$231.77	+6.87 3.05%	$233.34	848,951 112.15% of 50 DAV 50 DAV is 757,000	$228.86 1.27%	10/27/2017	$195.65	PP = $196.37
								MB = $206.19
Most Recent Note - 11/16/2017 5:40:38 PM G - Rallied further into new high territory today, getting very extended from the previously noted base. Prior highs in the $196 area and its 50 DMA line ($193) define near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Perched at Record High Following Volume-Driven Gains - 11/9/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
GRUB - NYSE Grubhub Inc COMPUTER SOFTWARE and SERVICES - Technical and System Software	$64.51	+1.52 2.41%	$64.87	1,279,030 72.06% of 50 DAV 50 DAV is 1,775,000	$63.81 1.10%	6/21/2017	$47.33	PP = $46.94
								MB = $49.29
Most Recent Note - 11/13/2017 3:55:16 PM G - Hitting another new all-time high today, adding to recent gains lacking great volume conviction, getting extended from any sound base. Reported Sep '17 quarterly earnings +22% on +32% sales revenues. The 2 latest quarters were below the +25% minimum earnings guideline (C criteria), raising fundamental concerns with regard to the fact-based investment system. >>> FEATURED STOCK ARTICLE : Technical Strength in Popular Internet Platform - 10/27/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
IBP - NYSE Installed Building Prod DIVERSIFIED SERVICES - Business/Management Services	$68.80	+1.15 1.70%	$69.80	187,140 101.16% of 50 DAV 50 DAV is 185,000	$70.25 -2.06%	9/19/2017	$59.15	PP = $60.10
								MB = $63.11
Most Recent Note - 11/14/2017 12:46:32 PM G - Rebounded above its 50 DMA line ($63.21) helping its outlook improve. Color code is changed to green after rising back above its "max buy" level. Subsequent losses below the recent low ($59.84 on 11/08/17) would raise more serious concerns. >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Violation Triggered Technical Sell Signal - 11/7/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HQY - NASDAQ "HealthEquity, Inc" COMPUTER SOFTWARE and SERVICES - Healthcare Information Service	$50.74	+0.88 1.76%	$51.33	203,873 40.72% of 50 DAV 50 DAV is 500,700	$55.31 -8.26%	11/6/2017	$54.63	PP = $52.87
								MB = $55.51
Most Recent Note - 11/14/2017 5:39:28 PM Y - Abruptly retreated back into the prior base, raising concerns after a recent breakout. Disciplined investors always limit losses by selling any stock that falls more than -7% from their purchase price. Tested and found support at its 50 DMA line ($49.23). Three of the past 4 quarterly comparisons through Jul '17 were above the +25% minimum earnings guideline (C criteria). >>> FEATURED STOCK ARTICLE : Hit New High With Big Volume-Driven Gain - 11/6/2017 \| 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
OLLI - NASDAQ Ollie's Bargain Outlet Retail-DiscountandVariety	$44.90	+1.60 3.70%	$44.95	359,437 81.32% of 50 DAV 50 DAV is 442,000	$46.90 -4.26%	9/8/2017	$45.20	PP = $46.18
								MB = $48.49
Most Recent Note - 11/16/2017 5:49:39 PM G - Rebounded near its 50 DMA line, but convincing gains above that important short-term average ($45.20) are needed for its outlook to improve. Prior low ($41.30 on 8/31/17) defines the next important support level where further deterioration would raise more serious concerns. >>> FEATURED STOCK ARTICLE : Sell Signal Triggered by 50-Day Moving Average Violation on Higher Volume - 10/30/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HLI - NYSE Houlihan Lokey Inc Cl A Finance-Invest Bnk/Bkrs	$42.37	-0.03 -0.07%	$42.65	156,529 54.73% of 50 DAV 50 DAV is 286,000	$44.15 -4.03%	9/18/2017	$37.04	PP = $39.78
								MB = $41.77
Most Recent Note - 11/16/2017 5:37:16 PM G - Hovering above its "max buy" level and near its all-time high, extended from any sound base. On 10/26/17 it priced a Secondary Offering. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Holding Ground Near Record High - 11/16/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ICHR - NASDAQ Ichor Holdings Ltd ELECTRONICS - Semiconductor Equipment	$28.81	+1.99 7.42%	$29.11	1,394,698 167.63% of 50 DAV 50 DAV is 832,000	$35.51 -18.87%	10/10/2017	$29.39	PP = $28.36
								MB = $29.78
Most Recent Note - 11/16/2017 5:46:41 PM Y - Color code is changed to yellow after a rebound above its 50 DMA line ($28.38) with today's volume-driven gain helping its outlook improve. Subsequent losses below the recent low ($26.07 on 11/13/17) would raise more serious concerns. >>> FEATURED STOCK ARTICLE : Undercut Prior Highs and Tested 50-Day Moving Average Line - 11/3/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I

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