FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Monday, November 20th, 2017

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AFTER MARKET UPDATE - MONDAY, NOVEMBER 20TH, 2017

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Indices				NYSE			Nasdaq
DOW	+72.09	23,430.33	+0.31%	Volume	732,898,820	-16%	Volume	1,804,770,480	-10%
NASDAQ	+7.92	6,790.71	+0.12%	Advancers	1,761	60%	Advancers	1,632	61%
S&P 500	+3.29	2,582.14	+0.13%	Decliners	1,169	40%	Decliners	1,046	39%
Russell 2000	+10.57	1,503.40	+0.71%	52 Wk Highs	161		52 Wk Highs	176
S&P 600	+6.89	915.80	+0.76%	52 Wk Lows	37		52 Wk Lows	38

Leadership Remains Healthy as Major Indices Start Week on the Rise
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The major indices rose on Monday. Volume totals reported were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by a nearly a 3-2 margin on the NYSE and 8-5 on the Nasdaq exchange. There were 81 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 57 on the prior session. New 52-week highs totals expanded and 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 Dow Jones Industrial Average is consolidating well above its 50-day moving average (DMA) line, perched -0.7% off its 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 climbed higher as investors digested positive economic updates and M&A news in the tech sector. On the data front, after a slight decline in September, the leading indicators index unexpectedly rose by 1.2% in October, doubling consensus estimates of a 0.6% increase. In tax reform news, few updates are expected this week as Congress is on a holiday break.

Telecom shares paced gains as Verizon (VZ +1.72%) rose amid reports the company is nearing a new agreement with the NFL for streaming rights. Healthcare underperformed as Cardinal Health Inc.(CAH -4.36%) and Incyte Corp (INCY -6.18%) fell on negative analyst commentary surrounding both companies. Technology was a notable outperformer as Alibaba (BABA +1.55%) rose on positive analyst commentary. In M&A news Cavium (CAVM +10.80%) rose after agreeing to be bought by Marvell Technologies (MRVL +6.41%) for $6 billion.

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, Retail and Tech Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX +0.42%), Bank Index ($BKX +0.51%), and Broker/dealer Index ($XBD +0.98%) rose on Monday. The tech sector also had a positive bias as the Networking Index ($NWX +1.39%) and the Semiconductor Index ($SOX +1.22%) rose, however, the Biotechnology Index ($BTK -0.64%) fell. Commodity-linked groups had a negative bias as the Oil Services Index ($OSX -0.65%), Integrated Oil Index ($XOI -0.49%), and the Gold & Silver Index ($XAU -1.08%) unanimously fell.

Charts courtesy www.stockcharts.com

PICTURED: The Bank Index ($BKX +0.51%) recently found support at its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	130.46	-0.85	-0.65%	-29.02%
Integrated Oil	$XOI	1,235.66	-6.14	-0.49%	-2.55%
Semiconductor	$SOX	1,322.81	+15.88	+1.22%	+45.93%
Networking	$NWX	486.36	+6.65	+1.39%	+9.02%
Broker/Dealer	$XBD	247.48	+2.39	+0.98%	+20.56%
Retail	$RLX	1,627.49	+6.76	+0.42%	+21.18%
Gold & Silver	$XAU	80.01	-0.87	-1.08%	+1.46%
Bank	$BKX	99.69	+0.51	+0.51%	+8.61%
Biotech	$BTK	4,123.31	-26.69	-0.64%	+34.09%

Recent Consolidation Was Not a Sufficient Length New Base
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Essent Group Ltd (ESNT +$0.10 or +0.22% to $44.90) found support at its 50-day moving average (DMA) line ($41.55) during the latest consolidation. It did not form a sound new base of sufficient length for a new pivot point to be cited. The short-term moving average and recent low ($39.79 on 11/03/17) define important near-term support to watch on pullbacks.

ESNT completed a new Public Offering on 8/08/17. During a subsequent consolidation it found support near its 200 DMA line, then a prompt rebound above the 50 DMA line helped its outlook improve. It was shown in this FSU section on 10/24/17 with an annotated graph under the headline, "Perched Near High After Streak of Gains".

Fundamentals remain strong. It currently has a Timeliness rating of A and a Sponsorship rating of C. The high-ranked Finance-Mrtg and Rel Svc firm's quarterly earnings have been above the +25% minimum guideline (C criteria) and sales revenues increases in comparisons through Sep '17 have been strong. Its annual earnings (A criteria) history has been good since its $17 IPO on 10/31/13.

Essent is up +31.7% since first highlighted in yellow with pivot point cited based on its 12/12/16 high plus 10 cents in the 1/25/17 mid-day report (read here). The number of top-rated funds owning its shares rose from 317 in Mar '16 to 492 in Sep '17, a reassuring sign concerning the I criteria. Its current Up/Down Volume ratio of 1.8 is an unbiased indication its shares have been under accumulation over the past 50 days.

Charts courtesy 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	$135.16	+1.29 0.96%	$136.13	506,110 74.32% of 50 DAV 50 DAV is 681,000	$138.07 -2.11%	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	$60.80	+0.83 1.38%	$60.86	39,312 5.12% of 50 DAV 50 DAV is 768,000	$66.58 -8.68%	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	$274.88	+3.02 1.11%	$276.75	2,795,376 91.95% of 50 DAV 50 DAV is 3,040,000	$281.80 -2.46%	10/30/2017	$261.19	PP = $259.46
								MB = $272.43
Most Recent Note - 11/20/2017 7:47:27 PM G - Color code is changed to green after rising back above its "max buy" level with today's gain on near average volume. Found support while quietly consolidating above prior highs in the $259 area and above its 50 DMA line ($252). Fundamentals remain strong. Pulled back from its all-time high following 11/06/17 news it made a bid for Qualcomm Inc (QCOM). >>> 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	$117.60	+10.37 9.67%	$117.99	2,830,896 182.87% of 50 DAV 50 DAV is 1,548,000	$116.90 0.60%	9/25/2017	$80.26	PP = $83.10
								MB = $87.26
Most Recent Note - 11/20/2017 1:54:29 PM G - Perched at its all-time high, very extended from any sound base. Reported Sep '17 quarterly earnings +42% on +49% sales revenues. Found support when consolidating above its 50 DMA line ($89.28). 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	$174.05	-1.05 -0.60%	$177.90	270,700 60.97% of 50 DAV 50 DAV is 444,000	$233.13 -25.34%	9/11/2017	$193.65	PP = $220.35
								MB = $231.37
Most Recent Note - 11/20/2017 7:53:28 PM G - Its Relative Strength rating has slumped to 81. Recently holding its ground above its 200 DMA line ($158), it halted its slide since its gap down on 11/03/17 for a damaging volume-driven loss. Fundamentals remain strong. A rebound above the 50 DMA line ($204.94) 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	$124.04	-0.59 -0.47%	$126.61	286,387 64.50% of 50 DAV 50 DAV is 444,000	$142.80 -13.14%	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	$34.38	-0.18 -0.52%	$34.87	157,844 76.25% of 50 DAV 50 DAV is 207,000	$39.88 -13.79%	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	$91.70	+1.05 1.16%	$91.75	62,333 75.10% of 50 DAV 50 DAV is 83,000	$96.25 -4.73%	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	$44.90	+0.10 0.22%	$45.03	565,129 61.43% of 50 DAV 50 DAV is 920,000	$45.22 -0.71%	10/9/2017	$39.75	PP = $41.54
								MB = $43.62
Most Recent Note - 11/20/2017 7:43:41 PM G - Its 50 DMA line ($41.55) and recent low ($39.79 on 11/03/17) define important near-term support to watch on pullbacks. Recent consolidation was too brief to be recognized as a valid new base. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Recent Consolidation Was Not a Sufficient Length New Base - 11/20/2017 \| 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	$59.49	-0.41 -0.68%	$59.78	897,165 125.83% of 50 DAV 50 DAV is 713,000	$60.12 -1.05%	10/6/2017	$57.13	PP = $54.23
								MB = $56.94
Most Recent Note - 11/20/2017 7:49:02 PM G - Pulled back with higher volume today while retreating from a new all-time high. Prior highs and its 50 DMA line define near-term support in the $54-55 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	$181.50	+0.50 0.28%	$184.40	681,170 74.85% of 50 DAV 50 DAV is 910,000	$182.65 -0.63%	8/31/2017	$128.22	PP = $127.78
								MB = $134.17
Most Recent Note - 11/17/2017 5:47:26 PM G - Hit another new all-time high with today's gain on light volume, very extended from any sound base pattern. Prior highs in the $145 area and its 50 DMA line ($141) define important near-term support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Electronic Products Firm Perched at Record High - 11/17/2017 \| 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	$241.83	+8.01 3.43%	$241.95	720,541 93.58% of 50 DAV 50 DAV is 770,000	$234.63 3.07%	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	$65.03	+0.33 0.51%	$65.08	631,738 35.83% of 50 DAV 50 DAV is 1,763,000	$64.99 0.06%	6/21/2017	$47.33	PP = $46.94
								MB = $49.29
Most Recent Note - 11/20/2017 7:49:36 PM G - Hit yet another new all-time high today, adding to recent gains lacking great volume conviction, getting even more 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	$70.40	+1.40 2.03%	$70.48	131,224 69.80% of 50 DAV 50 DAV is 188,000	$70.25 0.21%	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	$50.01	-0.16 -0.32%	$50.39	280,158 58.37% of 50 DAV 50 DAV is 480,000	$55.31 -9.58%	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	$46.65	+0.65 1.41%	$46.78	639,562 145.36% of 50 DAV 50 DAV is 440,000	$46.90 -0.53%	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	$43.42	+1.01 2.38%	$43.57	220,663 77.70% of 50 DAV 50 DAV is 284,000	$44.15 -1.65%	9/18/2017	$37.04	PP = $39.78
								MB = $41.77
Most Recent Note - 11/20/2017 7:51:31 PM G - Posted a gain today on below average volume yet managed a best-ever close while challenging its all-time high. It is 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 an 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	$30.23	+2.10 7.47%	$30.41	1,531,229 172.44% of 50 DAV 50 DAV is 888,000	$35.51 -14.87%	10/10/2017	$29.39	PP = $28.36
								MB = $29.78
Most Recent Note - 11/20/2017 8:09:45 PM Y - Rebounded further above its 50 DMA line ($28.62) and back above its prior high ($29.73 on 6/09/17) with today's big volume-driven gain. 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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