FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Monday, November 18th, 2019

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AFTER MARKET UPDATE - MONDAY, NOVEMBER 18TH, 2019

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Indices				NYSE			Nasdaq
DOW	+31.33	28,036.22	+0.11%	Volume	829,339,290	-3%	Volume	2,033,352,010	-7%
NASDAQ	+9.11	8,549.94	+0.11%	Advancers	1,247	43%	Advancers	1,355	44%
S&P 500	+1.57	3,122.03	+0.05%	Decliners	1,639	57%	Decliners	1,719	56%
Russell 2000	-4.11	1,592.34	-0.26%	52 Wk Highs	115		52 Wk Highs	169
S&P 600	-4.05	978.66	-0.41%	52 Wk Lows	77		52 Wk Lows	133

Major Indices Inched Higher But Breadth Had Slightly Negative Bias
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 (+0.1%), Dow Jones Industrial Average (+0.1%), and Nasdaq Composite (+0.1%) eked out incremental gains to close at record highs. The Russell 2000 (-0.3%) closed in negative territory. Decliners led advancers by a 4-3 margin on the NYSE and on the Nasdaq exchange. Volume totals reported were lighter than the prior session on both major exchanges. There were 73 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 74 on the prior session. New 52-week highs totals solidly outnumbered new 52-week lows totals on the NYSE and on the Nasdaq exchange for the 3rd consecutive session. 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 S&P 500 Index hit another new record high.

The mood remained optimistic about a Phase One agreement with China. The NAHB Housing Market Index for November declined to 70 from 71 in October. Investors will receive Housing Starts and Building Permits for October on Tuesday.

Corporate news included HP Inc. (HPQ -0.84%) turning down the takeover bid from Xerox (XRX +0.92%). Netflix (NFLX +2.56%) rose on speculation that either Carl Icahn or Bill Ackman built a large stake in the company.

U.S. Treasuries extended last week's advance, pushing yields slightly lower across the curve. The 2-yr yield declined two basis points to 1.59%, and the 10-yr yield declined three basis points to 1.81%. The U.S. Dollar Index declined 0.2% to 97.80.

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.

Gold & Silver Index Outpaced Retail, Financial, and Networking Indexes
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX +0.34%) posted a modest gain while the Broker/Dealer Index ($XBD +0.08%) and the Bank Index ($BKX +0.12%) both inched higher. The tech sector was mixed as the Biotech Index ($BTK -0.45%) and the Semiconductor Index ($SOX -0.24%) both edged lower while the Networking Index ($NWX +0.14%) eked out a tiny gain. The Oil Services Index ($OSX -2.26%) and the Integrated Oil Index ($XOI -1.12%) both lost ground, meanwhile the Gold & Silver Index ($XAU +1.40%) was a standout gainer.

Charts courtesy of www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +0.08%) is perched within close striking distance of its 2019 high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	66.05	-1.53	-2.26%	-18.05%
Integrated Oil	$XOI	1,227.36	-13.86	-1.12%	+5.89%
Semiconductor	$SOX	1,738.78	-4.15	-0.24%	+50.52%
Networking	$NWX	584.34	+0.84	+0.14%	+19.58%
Broker/Dealer	$XBD	276.48	+0.23	+0.08%	+16.49%
Retail	$RLX	2,391.34	+8.04	+0.34%	+22.54%
Gold & Silver	$XAU	94.92	+1.31	+1.40%	+34.33%
Bank	$BKX	108.60	+0.13	+0.12%	+26.59%
Biotech	$BTK	4,649.35	-20.87	-0.45%	+10.15%

Resilience Shown Despite Another Sub Par Earnings Report
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Churchill Downs Inc (CHDN +$1.74 or +1.38% to $128.25) rebounded above its 50 DMA line ($126.87) which recently acted as resistance. It has shown resilience following damaging volume-driven losses after it 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). Fundamental concerns have been noted, yet it still has an Earnings Per Share Rating of 87. Annual earnings (A criteria) growth has been strong since a downturn in FY '14.

The L criteria of the fact-based investment system guides investors toward buying leading stocks that are in leading industry groups. The Leisure - Gaming/Equipment industry group has a Group Relative Strength Rating of B+.

CHDN was highlighted in yellow in the 10/08/19 mid-day report (read here) and it was last shown in this FSU section on 10/30/19 with an annotated graph under the headline, "Perched at Record High at Time of Quarterly Report".

The number of top-rated funds owning its shares rose from 333 in Jun '17 to 461 in Sep '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a small supply of 39.8 million shares (S criteria) outstanding following a 3:1 split effective 1/28/19, and this small supply can contribute to greater price volatility in the event of institutional buying or selling.

Charts 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	$36.24	-0.17 -0.47%	$36.68	26,845 62.43% of 50 DAV 50 DAV is 43,000	$37.70 -3.87%	9/24/2019	$34.00	PP = $35.36
								MB = $37.13
Most Recent Note - 11/15/2019 5:26:12 PM Y - Showed resilience after recently reporting earnings which were below the fundamental guidelines of the fact-based investment system. Prior highs in the $35 area define initial support above its 50 DMA line ($33.85). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Showing Resilience After Latest Quarter Missed Minimum Guidelines - 11/15/2019 \| 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	$29.45	-0.02 -0.07%	$29.65	65,609 182.25% of 50 DAV 50 DAV is 36,000	$30.85 -4.54%	9/13/2019	$27.03	PP = $27.05
								MB = $28.40
Most Recent Note - 11/13/2019 5:31:23 PM G - Sputtering since a noted "negative reversal" on 11/07/19 after hitting another new 52-week high. Extended from the prior base. Prior highs define important support to watch along with its 50 DMA line ($27.51). >>> 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	$103.84	+2.30 2.27%	$104.35	1,943,332 144.92% of 50 DAV 50 DAV is 1,341,000	$101.64 2.16%	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	$24.01	+0.59 2.52%	$24.35	743,583 270.39% of 50 DAV 50 DAV is 275,000	$23.95 0.25%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 11/18/2019 12:04:03 PM G - Powering to yet another new all-time high with above average volume behind today's 3rd consecutive gain. Its 50 DMA line ($19.82) and recent low ($17.54 on 10/08/19) define important near-term support levels to watch. Bullish action came after it reported earnings +26% on +15% sales revenues for the Sep '19 quarter, continuing its strong earnings track record. >>> 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	$128.25	+1.74 1.38%	$128.96	194,742 70.05% of 50 DAV 50 DAV is 278,000	$135.32 -5.22%	10/8/2019	$129.77	PP = $132.83
								MB = $139.47
Most Recent Note - 11/18/2019 6:26:29 PM G - Rebounded above its 50 DMA line ($126.87) with today's gain backed by lighter than average volume. 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. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Resilience Shown Despite Another Sub Par Earnings Report - 11/18/2019 \| 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	$218.46	+2.55 1.18%	$219.08	2,009,107 120.02% of 50 DAV 50 DAV is 1,674,000	$216.05 1.12%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 11/18/2019 6:30:17 PM G - Hit yet another new all-time high with today's 9th consecutive gain. Found prompt support again near its 50 DMA line ($199.87). The prior low ($191.21 on 11/05/19) 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	$86.00	+0.01 0.01%	$86.73	1,770,611 120.86% of 50 DAV 50 DAV is 1,465,000	$86.55 -0.64%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 11/18/2019 6:28:20 PM G - Color code is changed to green after recently rising above its "max buy" level. The 50 DMA line ($82.05) defines near-term support above the prior low ($76.35 on 10/03/19). >>> 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	$33.57	-0.52 -1.53%	$34.13	544,890 124.12% of 50 DAV 50 DAV is 439,000	$34.50 -2.70%	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	$108.92	+1.63 1.52%	$110.09	194,018 68.32% of 50 DAV 50 DAV is 284,000	$111.48 -2.30%	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
GLOB - NYSE Globant SA Computer-Tech Services	$94.33	-5.50 -5.51%	$99.68	528,105 222.83% of 50 DAV 50 DAV is 237,000	$112.33 -16.02%	11/14/2019	$106.87	PP = $112.43
								MB = $118.05
Most Recent Note - 11/18/2019 6:33:45 PM G - Color code is changed to green after abruptly retreating with 2 damaging volume-driven losses testing its 50 DMA line ($94.51). Reported earnings +35% on +27% sales revenues for the Sep '19 quarter. >>> FEATURED STOCK ARTICLE : Rallying Near High With 12th Consecutive Gain - 11/14/2019 \| 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

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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