FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Friday, November 18th, 2016

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AFTER MARKET UPDATE - FRIDAY, NOVEMBER 18TH, 2016

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Indices				NYSE			Nasdaq
DOW	-35.89	18,867.93	-0.19%	Volume	925,204,470	+11%	Volume	1,674,494,370	-13%
NASDAQ	-12.46	5,321.51	-0.23%	Advancers	1,415	48%	Advancers	1,540	54%
S&P 500	-5.22	2,181.90	-0.24%	Decliners	1,550	52%	Decliners	1,332	46%
Russell 2000	+6.16	1,315.64	+0.47%	52 Wk Highs	176		52 Wk Highs	292
S&P 600	+3.57	803.00	+0.45%	52 Wk Lows	25		52 Wk Lows	35

Major Averages Paused Yet Ended With Small Weekly Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

For the week, the Dow was up 0.1%, the S&P added 0.8%, and the Nasdaq gained 1.6%. Stocks finished lower on Friday. The Dow was down 35 points to 18868. The S&P 500 lost 5 points to 2181 and the Nasdaq Composite fell 12 points to 5321. Volume totals were mixed, higher than the prior session total on the NYSE and lighter on the Nasdaq exchange. Advancers narrowly led decliners on the Nasdaq exchange while the decliners narrowly led advancers on the NYSE. There were 103 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 93 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 Dow Jones Industrial Average is perched 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 declined on the session as investors digested remarks on monetary policy from Federal Reserve officials. Early Friday, St. Louis President James Bullard stated he is leaning towards supporting a rate hike next month. Echoing similar sentiments, Kansas City President Esther George said the Fed should increase rates sooner than later. Expectations for December rate hike buoyed amid the commentary. According to Bloomberg data, futures are currently pricing a 100% probability of a rate hike by next month, up two points from Thursday.

Seven of 11 sectors in the S&P 500 finished in negative territory. Consumer shares declined with Gap (GPS -16.61%) fell after the apparel retailer reported its seventh-straight quarter of declining revenue. Abercrombie & Fitch (ANF -13.76%) sank as same-store sales fell amid weaker-than-expected store traffic. Shares of Ross Stores (ROST +3.77%) rose after quarterly profit beat analysts’ expectations. Over in Tech, Salesforce.com (CRM +3.43%) rose as the software company issued an upbeat revenue forecast. Marvell Technology (MRVL +10.78%) rallied after announcing a $1 billion share repurchase plan.

Treasuries declined with the benchmark 10-year note down 10/32 to yield 2.33%. In commodities, NYMEX WTI crude added 0.4% to $45.59/barrel. COMEX gold fell 0.8% to $1207.50/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.

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

The Broker/Dealer Index ($XBD +0.83%) and the Bank Index ($BKX +0.42%) both rose on Friday. The Retail Index ($RLX -0.01%) finished flat. The Semiconductor Index ($SOX +0.67%) and the Networking Index ($NWX +0.24%) both eked out modest gains, but the Biotechnology Index ($BTK -1.12%) ended lower. The Gold & Silver Index ($XAU -0.67%) fell while the Oil Services Index ($OSX +0.52%) and the Integrated Oil Index ($XOI +0.26%) both edged higher.

Charts courtesy www.stockcharts.com

PICTURED: The Networking Index ($NWX +0.24%) recently rallied into new high territory.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	164.14	+0.86	+0.53%	+4.06%
Integrated Oil	$XOI	1,159.37	+2.97	+0.26%	+8.08%
Semiconductor	$SOX	872.63	+5.79	+0.67%	+31.52%
Networking	$NWX	430.18	+1.05	+0.24%	+14.43%
Broker/Dealer	$XBD	201.58	+1.65	+0.83%	+13.19%
Retail	$RLX	1,350.02	-0.12	-0.01%	+5.19%
Gold & Silver	$XAU	79.31	-0.54	-0.68%	+75.08%
Bank	$BKX	85.71	+0.36	+0.42%	+17.28%
Biotech	$BTK	3,370.61	-38.08	-1.12%	-11.62%

Perched Near Highs After Finding Support Above 50-Day Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

China Lodging Group Ads (HTHT +$1.11 or +2.47% to $46.02) found support near its 50-day moving average (DMA) line ($45.24) this week. A damaging violation would raise concerns, and deterioration below recent lows in the $41 area would raise more serious concerns and trigger a worrisome technical sell signal. Subsequent gains for another new 52-week high (N criteria) could signal the beginning of another substantial leg up. However, it recently 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.

HTHT was last shown in this FSU section on 10/25/16 with an annotated graph under the headline, "Still Building on New Base Pattern". It has traded up as much as +23.8% since first featured in yellow in the 7/13/16 mid-day report (read here). The number of top-rated funds owing its shares rose from 87 in Sep '15 to 143 in Sep '16, a reassuring sign concerning the I criteria. Currently the high-ranked Leisure- Lodging firm has a B Timeliness rating and a D Sponsorship rating. Its small supply of 27 million shares (S criteria) in the public float may 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
TDG - NYSE Transdigm Group Inc AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services	$250.03	-8.79 -3.40%	$257.49	840,260 360.63% of 50 DAV 50 DAV is 233,000	$294.38 -15.07%	10/25/2016	$268.12	PP = $269.41
								MB = $282.88
Most Recent Note - 11/18/2016 5:08:09 PM Sank below its prior low ($251.58 on 10/12/16) today raising greater concerns and triggering another 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. It will be dropped from the Featured Stocks list tonight. >>> 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	$21.78	+0.24 1.11%	$21.87	185,580 85.52% of 50 DAV 50 DAV is 217,000	$21.93 -0.68%	10/10/2016	$18.20	PP = $18.37
								MB = $19.29
Most Recent Note - 11/18/2016 5:11:17 PM G - Very extended from any sound base after a spurt of gains. 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	$65.55	+0.05 0.08%	$66.05	338,764 84.27% of 50 DAV 50 DAV is 402,000	$66.00 -0.68%	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	$230.81	-6.02 -2.54%	$239.62	761,148 58.46% of 50 DAV 50 DAV is 1,302,000	$272.58 -15.32%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 11/18/2016 5:09:34 PM G - Still sputtering after damaging losses, and a rebound above the 50 DMA line ($248.49) is needed to help its outlook improve. See the latest FSU analysis for more details and an 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	$46.02	+1.11 2.47%	$46.26	86,401 60.42% of 50 DAV 50 DAV is 143,000	$48.14 -4.40%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 11/18/2016 5:06:17 PM G - Found support at its 50 DMA line ($45.24) this week. A damaging violation would raise concerns and deterioration below recent lows in the $41 area would raise more serious concerns and trigger a 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. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Perched Near Highs After Finding Support Above 50-Day Average - 11/18/2016 \| 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	$24.67	+0.06 0.24%	$24.89	158,224 98.28% of 50 DAV 50 DAV is 161,000	$24.99 -1.28%	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	$67.17	+0.84 1.27%	$67.27	121,786 152.23% of 50 DAV 50 DAV is 80,000	$66.97 0.30%	7/19/2016	$53.28	PP = $52.82
								MB = $55.46
Most Recent Note - 11/18/2016 5:10:27 PM G - Hit yet 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	$30.80	-0.20 -0.65%	$31.20	535,818 61.31% of 50 DAV 50 DAV is 874,000	$31.60 -2.53%	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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