FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, November 17th, 2016

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AFTER MARKET UPDATE - THURSDAY, NOVEMBER 17TH, 2016

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Indices				NYSE			Nasdaq
DOW	+35.68	18,903.82	+0.19%	Volume	830,674,250	-4%	Volume	1,916,875,090	+3%
NASDAQ	+39.39	5,333.97	+0.74%	Advancers	1,565	53%	Advancers	1,789	62%
S&P 500	+10.18	2,187.12	+0.47%	Decliners	1,409	47%	Decliners	1,106	38%
Russell 2000	+7.28	1,309.48	+0.56%	52 Wk Highs	174		52 Wk Highs	282
S&P 600	+3.75	799.43	+0.47%	52 Wk Lows	23		52 Wk Lows	35

Leadership Improved as Major Averages Rose Again
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished higher on Thursday. The Dow was up 35 points to 18903. The S&P 500 added 10 points to 2187 and the Nasdaq Composite gained 39 points to 5333. The benchmark S&P 500 Index managed a record high close, and the tech-heavy Nasdaq Composite Index ended six points off its best close ever. Volume totals were mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Advancers led decliners by 3-2 on the Nasdaq exchange while the mix was narrowly positive on the NYSE. There were 93 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 62 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 Nasdaq Composite Index rallied near its record high.

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 major averages advanced on the session as investors digested economic releases and commentary from Fed Chair Janet Yellen. In a speech before Congress, Yellen stated a rate hike could be appropriate relatively soon while also citing the dangers of waiting too long. On the data front, a gauge of inflation showed that consumer prices rose 0.4% in October, in-line with analyst expectations. In a separate release, housing starts climbed 25.5% last month, to the highest level since August 2007.

Six of 11 sectors in the S&P 500 finished in positive territory. In M&A news, Western Refining (WNR +23.11%) jumped after agreeing to a $4.1 billion takeover bid from Tesero Corp (TSRO +6.32%). In earnings, Wal-Mart (WMT -3.08%) as the retail giant posted lower-than-expected quarterly sales. First Solar (FSLR -5.06%) fell after the company reduced its forward earnings guidance. In the consumer space, Best Buy (BBY +13.7%) rose as the electronics retailer beat profit estimates. Shares of JM Smucker (SJM -3.9%) fell after revenue fell short of Wall Street forecasts.

Treasuries finished lower with the benchmark 10-year note down 16/32 to yield 2.28%. In commodities, NYMEX WTI crude fell 1.4% to $44.94/barrel. In FOREX, the Dollar Index advanced 0.5%.

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

The Retail Index ($RLX +1.50%), Broker/Dealer Index ($XBD +1.46%) and the Bank Index ($BKX +1.73%) rose and boosted the major averages on Thursday. The Semiconductor Index ($SOX +1.08%) and the Biotechnology Index ($BTK +1.46%) rose, but the Networking Index ($NWX -0.87%) ended lower. The Gold & Silver Index ($XAU -2.02%) outpaced the Oil Services Index ($OSX -0.35%) and the Integrated Oil Index ($XOI -0.58%) to the downside.

Charts courtesy www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI -0.58%) met resistance near prior highs.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	163.28	-0.58	-0.35%	+3.52%
Integrated Oil	$XOI	1,156.40	-6.74	-0.58%	+7.80%
Semiconductor	$SOX	866.84	+9.29	+1.08%	+30.65%
Networking	$NWX	429.13	-3.79	-0.87%	+14.15%
Broker/Dealer	$XBD	199.93	+2.87	+1.46%	+12.26%
Retail	$RLX	1,350.15	+20.00	+1.50%	+5.20%
Gold & Silver	$XAU	79.85	-1.65	-2.02%	+76.27%
Bank	$BKX	85.35	+1.45	+1.73%	+16.79%
Biotech	$BTK	3,408.69	+48.91	+1.46%	-10.63%

Slump Below 50-Day Moving Average Raised Concerns
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Netease Inc (NTES +$6.70 or +2.91% to $236.83) posted a second consecutive gain with light volume. A rebound above the 50-day moving average (DMA) line ($248) is needed for its outlook to improve. It suffered damaging losses with heavy volume since last shown in this FSU section on 10/21/16 with an annotated graph under the headline, "Very Extended From Base Following Additional Gains".

Recently it reported earnings +40% on +32% sales revenues for the Sep '16 quarter. Those earnings results were above the +25% minimum guideline (C criteria), but not as impressive as its reported earnings +89% on +83% sales revenues for the Jun '16 quarter, and ever stronger quarters prior. Annual earnings (A criteria) growth has been strong.

NTES traded up as much as +49.4% since highlighted in yellow with pivot point cited based on its 12/29/15 high plus 10 cents in the 6/29/16 mid-day report (read here). The number of top-rated funds owning its shares rose from 467 in Jun '15 to 874 in Sep '16, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is also an unbiased indication its shares have been under accumulation over the past 50 days.

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	$258.82	+3.03 1.18%	$259.16	473,649 118.41% of 50 DAV 50 DAV is 400,000	$294.38 -12.08%	10/25/2016	$268.12	PP = $269.41
								MB = $282.88
Most Recent Note - 11/16/2016 5:37:28 PM G - Its 50 DMA line may act as resistance following a volume-driven loss on 11/14/16 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. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Fundamental and Technical Concerns Were Recently Raised - 11/16/2016 \| 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	$21.54	+0.11 0.51%	$21.86	262,207 121.96% of 50 DAV 50 DAV is 215,000	$21.93 -1.78%	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	$65.50	+0.90 1.39%	$66.00	486,114 121.83% of 50 DAV 50 DAV is 399,000	$65.00 0.77%	11/14/2016	$63.30	PP = $60.73
								MB = $63.77
Most Recent Note - 11/16/2016 5:44:16 PM G - Rallied to new multi-year highs with its 9th consecutive volume-driven gain today, and its color code is changed to green. 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 an 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	$236.83	+6.70 2.91%	$237.14	954,130 73.56% of 50 DAV 50 DAV is 1,297,000	$272.58 -13.12%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 11/17/2016 5:43:53 PM G - Posted another gain with below average volume today. A rebound above the 50 DMA line ($248) is needed to help its outlook improve. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Slump Below 50-Day Moving Average Raised Concerns - 11/17/2016 \| 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	$44.91	-0.58 -1.28%	$45.91	96,003 67.13% of 50 DAV 50 DAV is 143,000	$48.14 -6.71%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 11/16/2016 5:39:46 PM G - Found support at its 50 DMA line ($45) today but a damaging violation would raise concerns. Deterioration below recent lows in the $41 area would raise greater concerns and trigger a more worrisome technical sell signal. 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 was changed to green. >>> 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	$24.61	+0.74 3.08%	$24.99	212,219 132.64% of 50 DAV 50 DAV is 160,000	$24.36 1.03%	10/27/2016	$21.03	PP = $22.60
								MB = $23.73
Most Recent Note - 11/17/2016 5:46:23 PM G - Hit another new high with today's volume-driven gain. Found support near prior highs in the $22 area when pulling back after its recent technical breakout. 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	$66.33	+1.62 2.50%	$66.97	161,443 206.98% of 50 DAV 50 DAV is 78,000	$64.73 2.47%	7/19/2016	$53.28	PP = $52.82
								MB = $55.46
Most Recent Note - 11/17/2016 12:40:50 PM G - Hitting another new all-time high today, adding to a spurt of volume-driven gains and getting very extended from its prior base. Prior highs and its 50 DMA line in the $53 area define important 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	$31.00	+0.60 1.97%	$31.10	430,450 47.88% of 50 DAV 50 DAV is 899,000	$31.60 -1.90%	10/4/2016	$27.36	PP = $28.70
								MB = $30.14
Most Recent Note - 11/17/2016 5:45:02 PM G - Posted another gain on light volume today, ending above its "max buy" level, and its color code is changed to green. 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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