FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, November 22nd, 2017

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AFTER MARKET UPDATE - WEDNESDAY, NOVEMBER 22ND, 2017

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Indices				NYSE			Nasdaq
DOW	-64.65	23,526.18	-0.27%	Volume	668,828,560	-19%	Volume	1,582,403,110	-19%
NASDAQ	+4.88	6,867.36	+0.07%	Advancers	1,665	57%	Advancers	1,575	57%
S&P 500	-1.95	2,597.08	-0.08%	Decliners	1,252	43%	Decliners	1,201	43%
Russell 2000	-2.13	1,516.76	-0.14%	52 Wk Highs	176		52 Wk Highs	239
S&P 600	-1.93	925.88	-0.21%	52 Wk Lows	29		52 Wk Lows	30

Lighter Volume as Major Indices Ended Mixed and Little Changed
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The major indices were mixed and little changed on Wednesday 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 4-3 margin on the NYSE and 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 132 on the prior session. New 52-week highs totals solidly 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 S&P 400 Mid Cap Index found support above its 50-day moving average (DMA) line and prior high during the recent consolidation, then rallied to a new 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 fell from Tuesday’s record levels as investors combed through a flurry of economic updates and the release of the Fed minutes. On the data front, initial jobless claims were 239k for the week prior in line with consensus estimates. An additional release revealed durable goods orders unexpectedly fell in October. A survey from the University of Michigan revealed its consumer sentiment index increased to 98.5 in November above the expected reading of 98.

Industrials were a notable outperformer as Deere & Co (DE +4.32%) rose after besting analyst earning projections. Technology stocks are lagging as Salesforce (CRM -1.81%) and HP Enterprise (HPE -7.22%) fell on negative analyst commentary surrounding both firms’ recent quarterly reports. Healthcare stocks were a notable outperformer as Cerner Corp (CERN +5.02%) rose on positive analyst commentary.

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

The Retail Index ($RLX +0.43%) rose but the Broker/Dealer Index ($XBD -0.65%) and the Bank Index ($BKX -0.29%) fell on Wednesday. The tech sector was mixed as the Biotechnology Index ($BTK +0.40%) edged higher, the Networking Index ($NWX +0.04%) finished flat, and the Semiconductor Index ($SOX -0.66%) pulled back. Commodity-linked groups had a positive bias as the Oil Services Index ($OSX +1.05%), Integrated Oil Index ($XOI +0.54%), and the Gold & Silver Index ($XAU +1.35%) rose.

Charts courtesy www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU +1.35%) is sputtering below its 50-day and 200-day moving average (DMA) lines. Prior lows define near-term support to watch.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	131.56	+1.37	+1.05%	-28.42%
Integrated Oil	$XOI	1,247.72	+6.74	+0.54%	-1.60%
Semiconductor	$SOX	1,329.10	-8.82	-0.66%	+46.62%
Networking	$NWX	487.45	+0.18	+0.04%	+9.27%
Broker/Dealer	$XBD	247.78	-1.62	-0.65%	+20.71%
Retail	$RLX	1,643.40	+7.09	+0.43%	+22.37%
Gold & Silver	$XAU	81.75	+1.09	+1.35%	+3.66%
Bank	$BKX	99.19	-0.29	-0.29%	+8.06%
Biotech	$BTK	4,194.17	+16.84	+0.40%	+36.39%

Extended From Prior Highs After Gains on Light Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Grubhub Inc (GRUB +$0.93 or +1.39% to $67.72) hit yet another new all-time high today, adding to recent gains lacking great volume conviction, getting even more extended from any sound base. Disciplined investors avoid chasing stocks more than +5% above their pivot point or prior high.

Bullish action has continued after Grubhub 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.

The impressive rebound above its 50-day moving average (DMA) line on 10/25/17 helped its outlook improve as volume behind the big gain was +310% above its average daily volume.

GRUB is up +53.1% since first highlighted in yellow with pivot point cited based on its 9/29/16 high plus 10 cents in the 4/28/17 mid-day report (read here). Its annual earnings (A criteria) history has been very strong since the high ranked Internet Content firm completed a new Public Offering on 9/03/14.

It has earned a current Timeliness rating of B and a Sponsorship rating of C. It was last shown in this FSU section on 10/27/17 with an annotated graph under the headline, "Technical Strength in Popular Internet Platform". The number of top-rated funds owning its shares rose from 318 in Jun '16 to 440 in Sep '17, a reassuring sign concerning the I criteria. The current Up/Down Volume Ratio of 1.1 is an unbiased indication its shares have been under slight accumulation over the past 50 days. It has a fairly small supply of only 84.1 million shares (S criteria) outstanding, which can 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
THO - NYSE Thor Industries Inc AUTOMOTIVE - Recreational Vehicles	$136.90	-0.71 -0.52%	$137.80	473,579 69.34% of 50 DAV 50 DAV is 683,000	$138.07 -0.85%	8/14/2017	$106.67	PP = $110.01
								MB = $115.51
Most Recent Note - 11/22/2017 4:07:25 PM G - Perched within close striking distance of its all-time high, extended from the previously noted base. Its 50 DMA line ($128) 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	$60.52	-0.90 -1.47%	$61.74	37,081 25.05% of 50 DAV 50 DAV is 148,000	$66.58 -9.10%	10/10/2017	$59.38	PP = $59.08
								MB = $62.03
Most Recent Note - 11/22/2017 3:59:51 PM Y - Consolidating above its 50 DMA line ($58.95) after finding prompt support near that important short-term average. >>> 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	$275.37	-1.22 -0.44%	$277.71	1,862,787 60.72% of 50 DAV 50 DAV is 3,068,000	$281.80 -2.28%	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	$121.62	+2.82 2.37%	$122.46	1,331,012 82.36% of 50 DAV 50 DAV is 1,616,000	$123.48 -1.51%	9/25/2017	$80.26	PP = $83.10
								MB = $87.26
Most Recent Note - 11/21/2017 1:20:48 PM G - Hitting another new all-time high with today's gain, getting very extended from any sound base. Disciplined investors avoid chasing stocks that are extended more than +5% above a prior high or pivot point. Reported Sep '17 quarterly earnings +42% on +49% sales revenues. Found support when consolidating above its 50 DMA line ($89.28). >>> 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	$176.65	+0.65 0.37%	$177.75	185,211 41.71% of 50 DAV 50 DAV is 444,000	$233.13 -24.23%	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	$123.22	+0.67 0.55%	$123.60	233,923 52.57% of 50 DAV 50 DAV is 445,000	$142.80 -13.71%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 11/22/2017 4:02:19 PM G - Has not formed a sound base, and recently sputtering below its 50 DMA line ($126) 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	$34.35	-0.38 -1.09%	$35.06	64,369 31.10% of 50 DAV 50 DAV is 207,000	$39.88 -13.87%	7/28/2017	$33.50	PP = $33.32
								MB = $34.99
Most Recent Note - 11/22/2017 3:56:32 PM G - A rebound above the 50 DMA line ($36.06) is needed for its outlook to improve. Its Relative Strength rating of 82 is above the 80+ minimum guideline for buy candidates. Losses below the 200 DMA line and recent low would raise greater concerns. >>> 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	$94.20	-0.30 -0.32%	$96.75	63,921 77.01% of 50 DAV 50 DAV is 83,000	$96.25 -2.13%	10/26/2017	$90.90	PP = $87.90
								MB = $92.30
Most Recent Note - 11/21/2017 6:17:53 PM Y - Posted a 4th consecutive gain today for a best-ever close. Prior highs in the $86-87 area and its 50 DMA line ($85.51) define important near-term support to watch. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Best Ever Close After Pullback Found Support Near Prior High - 11/21/2017 \| 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	$44.70	-0.18 -0.40%	$45.05	562,237 61.65% of 50 DAV 50 DAV is 912,000	$45.23 -1.17%	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	$59.00	-0.07 -0.12%	$59.65	407,885 55.80% of 50 DAV 50 DAV is 731,000	$60.12 -1.86%	10/6/2017	$57.13	PP = $54.23
								MB = $56.94
Most Recent Note - 11/21/2017 12:52:03 PM G - Hovering near its all-time high, extended from its prior base. Its 50 DMA line ($55.34) and prior low ($54.71 on 10/27/17) define near-term support to watch on pullbacks. >>> 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	$189.60	+3.10 1.66%	$189.90	910,979 103.05% of 50 DAV 50 DAV is 884,000	$186.55 1.63%	8/31/2017	$128.22	PP = $127.78
								MB = $134.17
Most Recent Note - 11/22/2017 4:06:04 PM G - Hit yet another new all-time high with today's 5th consecutive gain on lighter than average volume, getting very extended from any sound base pattern. Prior highs in the $145 area coincide with its 50 DMA line defining important near-term support to watch on pullbacks. >>> 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	$239.01	-2.42 -1.00%	$243.36	611,884 77.75% of 50 DAV 50 DAV is 787,000	$245.65 -2.70%	10/27/2017	$195.65	PP = $196.37
								MB = $206.19
Most Recent Note - 11/22/2017 4:04:00 PM G - Perched at its all time high today, very extended from the previously noted base. Its 50 DMA line ($198.90) and prior highs in the $196 area 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	$67.70	+0.91 1.36%	$67.84	1,108,551 65.48% of 50 DAV 50 DAV is 1,693,000	$66.99 1.06%	6/21/2017	$47.33	PP = $46.94
								MB = $49.29
Most Recent Note - 11/22/2017 5:05:55 PM G - Extended from any sound base after wedging higher with gains lacking great volume conviction. Prior highs and its 50 DMA line define support near $57. 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. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Extended From Prior Highs After Gains on Light Volume - 11/22/2017 \| 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	$73.65	+1.10 1.52%	$75.05	199,450 103.88% of 50 DAV 50 DAV is 192,000	$72.60 1.45%	9/19/2017	$59.15	PP = $60.10
								MB = $63.11
Most Recent Note - 11/21/2017 6:14:29 PM G - Rallied to another new all-time high with today's 6th consecutive gain, getting more extended from any sound base. The 50 DMA line ($64.47) and recent low ($59.84 on 11/08/17) define important near-term support to watch on pullbacks. >>> 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	$50.90	-0.41 -0.80%	$51.95	257,084 54.41% of 50 DAV 50 DAV is 472,500	$55.31 -7.97%	11/6/2017	$54.63	PP = $52.87
								MB = $55.51
Most Recent Note - 11/21/2017 6:16:05 PM Y - Found prompt support at its 50 DMA line ($49.78) after abruptly retreating 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. 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	$46.85	-0.15 -0.32%	$47.50	376,368 83.82% of 50 DAV 50 DAV is 449,000	$47.20 -0.74%	11/21/2017	$46.78	PP = $47.00
								MB = $49.35
Most Recent Note - 11/21/2017 1:06:43 PM Y - Color code is changed to yellow with new pivot point cited based on its 10/05/17 high plus 10 cents. A gain above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. Rebounded above its 50 DMA line with convincing volume-driven gains helping its outlook to improve. Prior lows in the $41-42 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	$43.99	-0.20 -0.45%	$44.39	122,741 45.63% of 50 DAV 50 DAV is 269,000	$44.43 -0.99%	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	$29.52	-2.83 -8.75%	$32.99	2,534,276 269.89% of 50 DAV 50 DAV is 939,000	$35.51 -16.87%	10/10/2017	$29.39	PP = $28.36
								MB = $29.78
Most Recent Note - 11/22/2017 3:54:10 PM Y - Color code is changed to yellow after slumping below its "max buy" level with today's volume-driven loss. Its 50 DMA line ($28.91) and recent low ($26.07 on 11/13/17) define near-term support to watch where violations 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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