FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, December 12th, 2018

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AFTER MARKET UPDATE - WEDNESDAY, DECEMBER 12TH, 2018

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Indices				NYSE			Nasdaq
DOW	+157.03	24,527.27	+0.64%	Volume	985,893,540	+11%	Volume	2,398,153,670	+7%
NASDAQ	+66.48	7,098.31	+0.95%	Advancers	1,973	65%	Advancers	2,091	68%
S&P 500	+14.29	2,651.07	+0.54%	Decliners	1,043	35%	Decliners	1,001	32%
Russell 2000	+15.19	1,455.32	+1.05%	52 Wk Highs	35		52 Wk Highs	19
S&P 600	+9.39	906.98	+1.05%	52 Wk Lows	128		52 Wk Lows	195

Major Indices Posted Gains But Ended Off Session Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished higher Wednesday. The Dow added 157 points to 24,527 while the S&P 500 climbed 14 points to 2,651. The Nasdaq gained 66 points to 7,098. The volume totals on the session were higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliner by almost a 2-1 margin on the NYSE and more than 2-1 on the Nasdaq exchange. There were 11 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 13 on the prior session. New 52-week lows totals solidly outnumbered new 52-week highs totals on the NYSE and on the Nasdaq exchange. The major indices (M criteria) are in a correction again after damaging losses violated the recent Day 1 lows. New buying efforts are not justified under the fact-based investment system's rules until a new confirmed rally is noted. The Featured Stocks Page provides the most timely analysis on high-ranked leaders. Strict buying and selling rules should always be followed on a case by case basis.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index met resistance at its 50-day moving average (DMA) line and has slumped. It has not undercut the recent (11/20/18) low, so the newspaper has still maintained an "uptrend under pressure" label. The weight of the evidence, as noted in prior commentaries, suggests an ongoing market "correction", however, from this point forward any solid follow-through day can again shift the market direction (M criteria) to a more bullish stance.

The major averages advanced as positive trade updates boosted investor sentiment. In an interview today, President Trump said he will not raise tariffs on Chinese goods until a new pact is secured. A separate report hinted that China is considering plans to allow increased access to foreign companies. On the data front, an update on inflation showed consumer prices were flat in November. However, Core CPI (excluding food and energy) increased 0.2% for the month and 2.2% year-over-year in November.

Eight of 11 S&P 500 sectors finished in positive territory with Consumer Discretionary and Materials pacing gains. Technology stocks were broadly higher as the oft-cited “FAANG” group added 2.2%. Industrials, which tend to ebb-and-flow with trade tensions also advanced as Caterpillar (CAT +1.73%) and Boeing (BA +1.50%) rose. In corporate news, shares of Lowe’s (LOW +2.97%) rose after announcing a $10 billion share buyback program. Meanwhile, XPO Logistics (XPO -9.63%) fell after the trucking company lowered its earnings forecast.

Treasuries weakened with the yield on the 10-year note up three basis points to 2.91%. In commodities, WTI crude fell 1.1% to $51.11/barrel. COMEX gold was up 0.2% to $1,244.40/ounce amid a weaker dollar.

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

The Retail Index ($RLX +1.20%) posted a solid gain, and the Broker/Dealer Index ($XBD +1.09%) and the Bank Index ($BKX +0.37%) also rose. The tech sector had a positive bias as the Semiconductor Index ($SOX +1.47%), Biotech Index ($BTK +1.64%), and the Networking Index ($NWX +1.67%) posted unanimous gains. Commodity-linked groups also had a positive bias as the Gold & Silver Index ($XAU +2.31%) and Oil Services Index ($OSX +1.43%) and the Integrated Oil Index ($XOI +0.74%) rose.

Charts courtesy of www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +1.09%) recently slumped below the October low.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	94.98	+1.33	+1.42%	-36.49%
Integrated Oil	$XOI	1,260.07	+9.28	+0.74%	-5.65%
Semiconductor	$SOX	1,198.90	+17.42	+1.47%	-4.32%
Networking	$NWX	516.15	+8.50	+1.67%	+5.22%
Broker/Dealer	$XBD	247.23	+2.66	+1.09%	-6.79%
Retail	$RLX	2,075.52	+24.53	+1.20%	+19.71%
Gold & Silver	$XAU	68.64	+1.55	+2.31%	-19.50%
Bank	$BKX	90.50	+0.33	+0.37%	-15.19%
Biotech	$BTK	4,584.65	+73.84	+1.64%	+8.58%

Consolidating Above 50-Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

C M E Group Inc (CME -$0.94 or -0.50% to $188.57) remains perched near its all-time high, consolidating above its 50-day moving average (DMA) line ($184.27) and recent low ($183.43 on 12/06/18) defining important near-term support. Recently it reported earnings +22% on +2% sales revenues for the Sep '18 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns.

It was last shown in this FSU section on 11/15/18 with an annotated graph under the headline, "Extended From Base After More Gain With Above Average Volume". It was highlighted in yellow with pivot point cited base on its 9/05/18 high plus 10 cents in the 10/04/18 mid-day report (read here).

Earnings increases in the Mar and Jun '18 quarters were above the +25% minimum guideline (C criteria) with solid sales revenues increases. Annual earnings (A criteria) growth has been steady.

The number of top-rated funds owning its shares rose from 1,676 in Dec '17 to 2.048 in Sep '18, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 2.4 is an unbiased indication its shares have been under accumulation over the past 50 days. It has earned an A Timeliness Rating.

Additional leadership in the group (L criteria) is a reassuring sign. However, several of its peers in the Financial Services - Specialty group stumbled in recent weeks. Its low Industry Group Relative Strength rating of 59 is a concern, plus the noted weakness in Financials which has been covered repeatedly in the Industry Group Watch section of recent After Market Reports.

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	$27.55	+0.16 0.58%	$27.69	20,040 69.10% of 50 DAV 50 DAV is 29,000	$29.40 -6.29%	11/30/2018	$28.35	PP = $29.50
								MB = $30.98
Most Recent Note - 12/10/2018 1:04:20 PM Y - Pulling back for a 4th consecutive session after trading within close striking distance of its 52-week high. Highlighted in yellow with pivot point cited based on its 8/10/18 high plus 10 cents in the 11/30/18 mid-day report. Faces little resistance due to overhead supply up to the $29 level. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a technical buy signal. Reported earnings +95% on +28% sales revenues for the Sep '18 quarter. Recent quarterly comparisons have been above the +25% minimum earnings guideline (C criteria) and, sequentially, showed encouraging sales revenues acceleration. Annual earnings history (A criteria) has also been good. Very small supply of only 11.4 million shares outstanding (A criteria) can contribute to greater price volatility in the event of institutional buying or selling. >>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of All Time High - 12/3/2018 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ZBRA - NASDAQ Zebra Tech Corp Cl A COMPUTER HARDWARE - Computer Peripherals	$173.51	+3.54 2.08%	$176.19	375,935 79.31% of 50 DAV 50 DAV is 474,000	$184.75 -6.08%	11/6/2018	$170.41	PP = $179.57
								MB = $188.55
Most Recent Note - 12/12/2018 5:34:13 PM Y - Consolidating above its 50 DMA line ($168.53) after 3 consecutive gains on light volume and its color code is changed to yellow. The prior lows and 200 DMA line ($155) define important near-term support to watch. >>> FEATURED STOCK ARTICLE : Challenging High After Rebound Above 50-day Average - 11/28/2018 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CME - NASDAQ C M E Group Inc DIVERSIFIED SERVICES - Business/Management Services	$188.57	-0.94 -0.50%	$192.89	2,226,826 100.62% of 50 DAV 50 DAV is 2,213,000	$197.08 -4.32%	10/4/2018	$179.29	PP = $177.45
								MB = $186.32
Most Recent Note - 12/12/2018 5:29:58 PM G - Still perched near its all-time high, consolidating above its 50 DMA line ($184.90) and recent low ($183.43 on 12/06/18) defining important near-term support. Recently reported earnings +22% on +2% sales revenues for the Sep '18 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average - 12/12/2018 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
GDOT - NYSE Green Dot Corp Cl A FINANCIAL SERVICES - Credit Services	$81.96	+2.41 3.03%	$83.80	701,613 142.60% of 50 DAV 50 DAV is 492,000	$93.00 -11.87%	11/8/2018	$90.35	PP = $91.61
								MB = $96.19
Most Recent Note - 12/12/2018 12:34:27 PM G - Rebounded above its 50 DMA line, however it faces resistance due to overhead supply up to the $93 level. Its 200 DMA line and prior low ($71.50 on 10/29/18) define important near-term support. >>> FEATURED STOCK ARTICLE : Recently Found Support Near 200-Day Average - 12/7/2018 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
UBNT - NASDAQ Ubiquiti Networks TELECOMMUNICATIONS - Diversified Communication Serv	$112.92	+4.40 4.05%	$115.44	460,478 96.13% of 50 DAV 50 DAV is 479,000	$114.89 -1.71%	11/9/2018	$108.20	PP = $101.43
								MB = $106.50
Most Recent Note - 12/12/2018 5:32:32 PM G - Posted a gain today with higher (near average) volume for a best-ever close. Prior high ($101.33 on 9/25/18) defines initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Still Hovering Above "Max Buy" Level - 12/11/2018 \| 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
PRAH - NASDAQ P R A Health Sciences HEALTH SERVICES - Medical Laboratories and Researc	$105.84	+1.84 1.77%	$106.52	419,516 79.91% of 50 DAV 50 DAV is 525,000	$121.98 -13.23%	11/30/2018	$117.06	PP = $112.98
								MB = $118.63
Most Recent Note - 12/12/2018 5:36:26 PM G - Found support recently at its 50 DMA line ($102.93). Undercut its pivot point after a noted "negative reversal". >>> FEATURED STOCK ARTICLE : Streak of Gains For New Highs Marked by Increasing Volume - 11/30/2018 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PLNT - NYSE Planet Fitness Inc Cl A Leisure-Services	$54.91	+1.44 2.69%	$55.74	843,685 66.02% of 50 DAV 50 DAV is 1,278,000	$58.50 -6.14%	11/7/2018	$57.10	PP = $55.45
								MB = $58.22
Most Recent Note - 12/12/2018 5:31:15 PM Y - Still sputtering following a "negative reversal" on 12/04/18 after it touched a new all-time high. Its 50 DMA line and recent low ($48.02 on 11/20/18) define important near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Fitness Firm Perched Near All-Time High - 11/29/2018 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
MEDP - NASDAQ Medpace Holdings Inc Medical-Research Eqp/Svc	$58.58	+0.89 1.54%	$60.07	334,085 59.98% of 50 DAV 50 DAV is 557,000	$65.09 -10.00%	12/3/2018	$63.43	PP = $65.19
								MB = $68.45
Most Recent Note - 12/12/2018 5:35:17 PM Y - Sputtering since highlighted in yellow with pivot point cited based on its 9/17/18 high plus 10 cents in the 12/03/18 mid-day report. Subsequent gains above the pivot point backed by a least +40% above average volume may trigger a technical buy signal. Reported earnings +68% on +62% sales revenues for the Sep '18 quarter marking the 3rd consecutive comparison above the +25% minimum earnings guideline (C criteria). >>> FEATURED STOCK ARTICLE : Pullback After 9 Straight Gains Challenged High - 12/4/2018 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
INVA - NASDAQ Innoviva Inc Medical-Biomed/Biotech	$17.58	+0.10 0.57%	$17.95	626,671 53.06% of 50 DAV 50 DAV is 1,181,000	$18.60 -5.48%	11/23/2018	$17.74	PP = $18.09
								MB = $18.99
Most Recent Note - 12/10/2018 5:35:31 PM Y - Still holding its ground with volume totals cooling while perched near its all-time high. Subsequent gains and a strong close above the pivot point backed by at least +40% above average volume may clinch a technical buy signal. >>> FEATURED STOCK ARTICLE : Bullish Action in Biotech Firm With Strong Earnings History - 11/23/2018 \| 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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