FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Monday, November 21st, 2016

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AFTER MARKET UPDATE - MONDAY, NOVEMBER 21ST, 2016

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Indices				NYSE			Nasdaq
DOW	+88.76	18,956.69	+0.47%	Volume	841,722,660	-9%	Volume	1,597,022,010	-5%
NASDAQ	+47.35	5,368.86	+0.89%	Advancers	2,223	75%	Advancers	1,713	60%
S&P 500	+16.28	2,198.18	+0.75%	Decliners	745	25%	Decliners	1,152	40%
Russell 2000	+6.59	1,322.23	+0.50%	52 Wk Highs	226		52 Wk Highs	357
S&P 600	+3.34	806.34	+0.42%	52 Wk Lows	40		52 Wk Lows	44

Major Averages Hit New Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished higher on Monday. The Dow was up 88 points to 18956. The S&P 500 added 16 points to 2198 and the Nasdaq Composite gained 47 points to 5368. Volume totals were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by 3-1 on the NYSE and by 3-2 on the Nasdaq exchange. There were 98 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 103 on the prior session. New 52-week highs totals expanded and solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index rose for a new 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 S&P 500 climbed to an all-time high on Monday as Energy shares rallied and investors digested increased deal activity. NYMEX WTI crude advanced 3.9% to $47.49/barrel, amid renewed optimism that OPEC nations will agree to cut output at a meeting next week in Vienna. On the Fed front, Vice-Chairman Fischer said that fiscal policy can help boost productivity and in turn, lower the burden of supporting the economy on the central bank.

Ten of 11 sectors in the S&P 500 finished in positive territory. In M&A news, LifeLock (LOCK +14.75%) rose after agreeing to a $2.3 billion takeover bid from Symantec Corp (SYMC +3.24%). Headwaters (HW +17.07%) rallied as the company agreed to be acquired by Australian construction firm Boral for $1.8 billion. Shares of Facebook (FB +4.06%) ended higher after the social media giant announced a stock buyback of up to $6 billion in the first quarter of 2017. In earnings, Tyson Foods (TSN -14.49%) fell as the meat-producer missed profit estimates and provided disappointing forward outlook.

Treasuries advanced along the curve with the benchmark 10-year note up 8/32 to yield 2.32%. In commodities, COMEX gold gained 0.3% to $1211.70/ounce. In FOREX, the Dollar Index fell 0.3%.

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.

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

The Retail Index ($RLX +1.19%) posted a solid gain on Monday while the Broker/Dealer Index ($XBD -0.13%) edged lower and the Bank Index ($BKX +0.18%) posted a small gain. Commodity-linked groups were standout gainers as the Gold & Silver Index ($XAU +2.23%), Oil Services Index ($OSX +2.11%) and the Integrated Oil Index ($XOI +2.67%) each posted a solid gain. The Semiconductor Index ($SOX +0.73%), Networking Index ($NWX +0.48%), and Biotechnology Index ($BTK +0.95%) also posted unanimous gains.

Charts courtesy www.stockcharts.com

PICTURED: The Biotechnology Index ($BTK +0.95%) has been consolidating after rebounding near prior highs.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	167.60	+3.46	+2.11%	+6.26%
Integrated Oil	$XOI	1,190.30	+30.93	+2.67%	+10.96%
Semiconductor	$SOX	879.01	+6.38	+0.73%	+32.48%
Networking	$NWX	432.23	+2.05	+0.48%	+14.98%
Broker/Dealer	$XBD	201.32	-0.26	-0.13%	+13.05%
Retail	$RLX	1,366.12	+16.09	+1.19%	+6.44%
Gold & Silver	$XAU	81.08	+1.77	+2.23%	+78.98%
Bank	$BKX	85.86	+0.15	+0.18%	+17.49%
Biotech	$BTK	3,402.77	+32.16	+0.95%	-10.78%

Heavy Volume Behind Breakout Gain
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Arista Networks Inc (ANET +$6.50 or +7.39% to $94.48) finished strong after highlighted in yellow with pivot point cited based on its 2015 high plus 10 cents in the earlier mid-day report (read here). Disciplined investors know that risk increases when chasing a stock more than +5% above its pivot point. While challenging its all-time high, today's gap up and big gain backed by +256% above average volume triggered a technical buy signal yet quickly lifted it beyond its "max buy" level noted. Prior highs in the $87 may act as initial support on pullbacks, and patience may allow for accumulating shares without stretching too far beyond the fact-based investment system's guidelines.

ANET has shown strong and steady increases in quarterly sales revenues while earnings have routinely been well above the +25% minimum guideline (C criteria) through the Sep '16 quarter. Its annual earnings (A criteria) growth has been strong, however, its history is limited since its $43 IPO in June of 2014.

The number of top-rated funds owning its shares rose from 360 in Dec '15 to 434 in Sep '16, a reassuring sign concerning the I criteria.

The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 34.4 million shares (S criteria) in the public float may contribute to greater 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
CSFL - NASDAQ Centerstate Banks Inc Banks-Southeast	$21.71	-0.07 -0.32%	$21.90	154,142 70.71% of 50 DAV 50 DAV is 218,000	$21.93 -1.00%	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	$66.25	+0.70 1.07%	$66.60	515,133 128.46% of 50 DAV 50 DAV is 401,000	$66.05 0.30%	11/14/2016	$63.30	PP = $60.73
								MB = $63.77
Most Recent Note - 11/21/2016 5:45:43 PM G - Rallied to new multi-year highs with above average volume behind a 13th consecutive gain today, getting very extended from its prior base. 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). >>> 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	$234.16	+3.35 1.45%	$237.24	780,421 60.08% of 50 DAV 50 DAV is 1,299,000	$272.58 -14.09%	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	$45.80	-0.22 -0.48%	$46.59	69,342 49.53% of 50 DAV 50 DAV is 140,000	$48.14 -4.86%	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
LMAT - NASDAQ Lemaitre Vascular Inc Medical-Products	$24.42	-0.25 -1.01%	$24.77	167,562 104.73% of 50 DAV 50 DAV is 160,000	$24.99 -2.28%	10/27/2016	$21.03	PP = $22.60
								MB = $23.73
Most Recent Note - 11/21/2016 5:48:09 PM G - Holding its ground near its all-time high. 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
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
ANET - NYSE Arista Networks Inc TELECOMMUNICATIONS - Communication Equipment	$94.48	+6.50 7.39%	$94.76	2,402,204 356.41% of 50 DAV 50 DAV is 674,000	$89.36 5.73%	11/21/2016	$93.80	PP = $88.66
								MB = $93.09
Most Recent Note - 11/21/2016 5:43:16 PM Y - Finished strong after highlighted in yellow with pivot point cited based on its 2015 high plus 10 cents in the earlier mid-day report. Challenged its all-time high with today's gap up and big gain backed by +256% above average volume triggering a technical buy signal. Showed strong sales revenues and earnings increases above the +25% minimum guideline (C criteria) through the Sep '16 quarter. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Heavy Volume Behind Breakout Gain - 11/21/2016 \| 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	$68.05	+0.85 1.26%	$68.08	79,087 96.45% of 50 DAV 50 DAV is 82,000	$67.27 1.16%	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	$31.15	+0.35 1.14%	$31.30	500,539 58.61% of 50 DAV 50 DAV is 854,000	$31.60 -1.42%	10/4/2016	$27.36	PP = $28.70
								MB = $30.14
Most Recent Note - 11/21/2016 5:46:56 PM G - Posted another gain on light volume today, rising further above its "max buy" level. 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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