FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, December 19th, 2019

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AFTER MARKET UPDATE - THURSDAY, DECEMBER 19TH, 2019

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Indices				NYSE			Nasdaq
DOW	+137.68	28,376.96	+0.49%	Volume	972,234,100	-1%	Volume	2,386,783,190	-12%
NASDAQ	+59.49	8,887.22	+0.67%	Advancers	1,727	60%	Advancers	1,840	59%
S&P 500	+14.23	3,205.37	+0.45%	Decliners	1,144	40%	Decliners	1,296	41%
Russell 2000	+5.36	1,667.09	+0.32%	52 Wk Highs	171		52 Wk Highs	226
S&P 600	+2.91	1,022.44	+0.29%	52 Wk Lows	15		52 Wk Lows	44

Major Indices Rose With Less Volume and Less Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow added 137 points, while the S&P 500 gained 0.5%, pushing above the 3,200 point level for the first time. The Nasdaq Composite advanced 0.7% to a fresh record high. Advancers led decliners by a 3-2 margin on the NYSE and on the Nasdaq exchange. The volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange. There were 55 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 83 on the prior session. New 52-week highs totals easily outnumbered new 52-week lows totals on the NYSE and on the Nasdaq exchange. 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 Nasdaq Composite Index is perched at a record high after posting its 7th consecutive gain. It recently found support well above prior highs and above its 50-day moving average (DMA) line.

Stocks finished higher Thursday, as investors digested global central bank updates and earnings reports. In central bank news, Sweden’s Riksbank announced its policy decision to raise its key rate to 0.00% following five years in negative territory. Elsewhere, BOE members conveyed a focus on the next phase of Brexit negotiations, reiterating that more accommodative policy may be necessary if uncertainty increases or if the global economy shows signs of slowing.

U.S. markets are shrugging off the House’s impeachment of President Trump, since analysts widely expect the Senate to acquit the President. Trade is also in focus with a Reuters report revealing Washington and Beijing are remaining in close contact over the preliminary trade deal.

Nine of 11 S&P 500 sectors finished in positive territory with Real Estate and Communication Services stocks pacing gains. In earnings, Micron Technology (MU +2.81%) rose after beating Wall Street’s estimates. Conagra (CAG +15.87%) rose after exceeding expectations on both the top and bottom line. Match Group (MTCH +8.58%) rose after the dating website agreed to spin off its media counterpart InterActiveCorp (IAC +7.78%).

On the data front, an update showed the leading economic index was flat in November after dipping 0.2% in October. Separately, existing home sales ticked down 1.7% in November after rising 1.5% in the previous month. Treasuries strengthened, with the yield on the 10-year note down one basis point to 1.91%.

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.

Oil Services, Retail, and Tech Indices Posted Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX +0.48%) and Broker/Dealer Index ($XBD +0.25%) both posted small gains while the Bank Index ($BKX -0.28%) lost a little bit of ground. The tech sector had a positive bias as the Networking Index ($NWX +1.19%) outpaced the Semiconductor Index ($SOX +0.81%) and the Biotech Index ($BTK +0.48%). The Oil Services Index ($OSX +1.75%) was a standout gainer while the Integrated Oil Index ($XOI -0.02%) and the Gold & Silver Index ($XAU -0.15%) both were little changed.

Charts courtesy of www.stockcharts.com

PICTURED: The Biotech Index ($BTK +0.48%) rebounded impressively over the past 3 months, approaching its prior highs.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	77.48	+1.34	+1.76%	-3.87%
Integrated Oil	$XOI	1,247.69	-0.21	-0.02%	+7.64%
Semiconductor	$SOX	1,834.97	+14.68	+0.81%	+58.85%
Networking	$NWX	583.82	+6.86	+1.19%	+19.47%
Broker/Dealer	$XBD	293.56	+0.74	+0.25%	+23.69%
Retail	$RLX	2,416.62	+11.56	+0.48%	+23.84%
Gold & Silver	$XAU	99.40	-0.15	-0.15%	+40.67%
Bank	$BKX	113.15	-0.32	-0.28%	+31.89%
Biotech	$BTK	5,135.37	+24.73	+0.48%	+21.67%

Hit New High But Encountered Distributional Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

N M I Holdings Inc Cl A (NMIH $34.76 +$0.32 +0.91%) gapped up today and hit a new all-time high with heavier volume behind its 5th consecutive gain, but it finished near the session low, a sign it was encountering some distributional pressure. Its 50-day moving average (DMA) line ($31.54) defines important near-term support along with prior highs in the $30-31 area

NMIH 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.

The Finance - Mortgage & Related Services firm was highlighted in yellow with pivot point cited based on its 6/10/19 high plus 10 cents in the 11/08/19 mid-day report (read here). NMIH was last shown in this FSU section on 11/27/19 with an annotated graph under the headline, "Holding Ground Stubbornly Near All-Time High".

The number of top-rated funds owning an interest rose from 388 in Dec '18 to 441 in Sep '19, a reassuring sign concerning the I criteria. The current Up/Down Volume Ratio of 1.6 is as unbiased indication its shares have been under accumulation over the past 50 days. It has a Timelines Rating of A and Sponsorship Rating of D.

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	$36.90	-0.93 -2.46%	$37.80	40,799 90.66% of 50 DAV 50 DAV is 45,000	$38.18 -3.35%	9/24/2019	$34.00	PP = $35.36
								MB = $37.13
Most Recent Note - 12/17/2019 5:16:44 PM G - Hit a new 52-week high as it rallied above its "max buy" level today with a gain backed by light volume and its color code was changed to green. Prior highs in the $35 area define initial support along with its 50 DMA line. Resilient after reporting Sep '19 earnings which were below the fundamental guidelines of the fact-based investment system. >>> FEATURED STOCK ARTICLE : Miller Still Quietly Hovering Above Prior Highs - 12/4/2019 \| 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	$30.24	-0.19 -0.62%	$30.46	41,155 100.38% of 50 DAV 50 DAV is 41,000	$30.88 -2.07%	12/16/2019	$30.07	PP = $30.95
								MB = $32.50
Most Recent Note - 12/17/2019 5:15:49 PM Y - Posted a 4th consecutive gain backed by above average volume and finished strong today while challenging its 52-week high. Subsequent gains above the new pivot point cited based on its 11/06/19 high plus 10 cents may trigger a new (or add-on) technical buy signal. Found support at its 50 DMA line ($28.76) during its orderly consolidation. >>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average - 12/10/2019 \| 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	$109.53	+1.53 1.42%	$109.79	1,311,402 95.31% of 50 DAV 50 DAV is 1,376,000	$108.54 0.91%	12/9/2019	$103.85	PP = $106.10
								MB = $111.41
Most Recent Note - 12/13/2019 5:27:55 PM Y - Touched a new high as it posted a gain today with below average volume. Color code was changed to yellow with new pivot point cited based on its 11/20/19 high plus 10 cents after forming an advanced 3-weeks tight base pattern. Volume totals have been cooling while still stubbornly holding its ground. Prior high in the $97 area defines initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Extended From Prior Base Perched Near Record HIgh - 12/2/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SPSC - NASDAQ S P S Commerce Inc COMPUTER SOFTWARE and SERVICES - Application Software	$57.22	+0.26 0.46%	$57.38	81,553 39.98% of 50 DAV 50 DAV is 204,000	$59.14 -3.25%	11/29/2019	$56.59	PP = $59.24
								MB = $62.20
Most Recent Note - 12/16/2019 5:10:32 PM Y - Posted a 3rd consecutive gain while perched near its all-time high. Subsequent gains above its pivot point backed by at least +40% above average volume are needed to trigger a new technical buy signal. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Rebound Leaves Supply Chain Management Software Firm Near High - 11/29/2019 \| 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	$24.95	-0.40 -1.58%	$25.42	253,714 96.47% of 50 DAV 50 DAV is 263,000	$26.00 -4.04%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 12/16/2019 5:15:38 PM G - Posted a gain today with average volume for a new all-time high. Getting very extended from the previously noted base. Prior highs in the $22 area define initial support above its 50 DMA line ($21.47). Fundamentals remain strong. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Reversed Into Red After Hitting Yet Another New High - 12/13/2019 \| 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
CHDN - NASDAQ Churchill Downs Inc LEISURE - Gaming Activities	$135.04	+1.59 1.19%	$135.09	170,949 59.36% of 50 DAV 50 DAV is 288,000	$137.42 -1.73%	10/8/2019	$129.77	PP = $132.83
								MB = $139.47
Most Recent Note - 12/13/2019 5:26:33 PM G - Posted a gain today with near average volume for a best-ever close while challenging its 52-week high. Its 50 DMA line ($129.61) defines near-term support above the prior low ($121.81 on 11/07/19) The Jun and Sep '19 quarterly earnings versus the year ago periods were both below the +25% minimum guideline (C criteria) and raised fundamental concerns. >>> FEATURED STOCK ARTICLE : Met Resistance After Rebounding Near Prior High - 12/9/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$224.13	-0.18 -0.08%	$224.75	1,791,788 87.15% of 50 DAV 50 DAV is 2,056,000	$235.50 -4.83%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 12/17/2019 5:07:25 PM G - Recently reported earnings +28% on +23% sales revenues for the Oct '19 quarter. Its 50 DMA line ($212.49) and prior high in the $209 area define important near-term support levels to watch. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Retreated From High After Another Strong Earnings Report - 12/17/2019 \| 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	$89.40	-0.50 -0.56%	$89.94	2,050,741 121.63% of 50 DAV 50 DAV is 1,686,000	$92.41 -3.26%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 12/19/2019 5:18:33 PM G - Consolidating in a tight range well above its 50 DMA line ($85.45) which defines near-term support. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Extended From Prior Base and Hovering Near Record High - 12/12/2019 \| 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	$34.76	+0.32 0.91%	$35.79	1,296,165 287.40% of 50 DAV 50 DAV is 451,000	$34.74 0.06%	11/8/2019	$32.89	PP = $31.44
								MB = $33.01
Most Recent Note - 12/19/2019 5:16:57 PM G - Finished at the session low after hitting a new all-time high with heavier volume behind today's 5th consecutive gain. Prior highs in the $30-31 area and its 50 DMA line ($31.55) define important near-term support. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Hit New High But Encountered Distributional Pressure - 12/19/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SPLK - NASDAQ Splunk Inc Computer Sftwr-Database	$150.14	+2.04 1.38%	$151.10	1,682,958 86.48% of 50 DAV 50 DAV is 1,946,000	$152.68 -1.66%	11/25/2019	$147.79	PP = $142.16
								MB = $149.27
Most Recent Note - 12/16/2019 5:09:36 PM Y - Still consolidating above its pivot point and below its "max buy" level. Prior highs in the $142-143 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs Following Impressive Rally - 12/16/2019 \| 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
PAYC - NYSE Paycom Software Inc COMPUTER SOFTWARE and SERVICES - Application Software	$261.76	+2.42 0.93%	$262.77	283,452 50.53% of 50 DAV 50 DAV is 561,000	$279.95 -6.50%	11/20/2019	$252.97	PP = $259.81
								MB = $272.80
Most Recent Note - 12/17/2019 5:11:08 PM Y - Quietly slumped back below its pivot point raising some concerns while falling back into the prior base. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Consolidating Near Prior Highs Which Define Initial Support - 12/11/2019 \| 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	$101.58	-2.78 -2.66%	$104.60	470,121 174.77% of 50 DAV 50 DAV is 269,000	$113.74 -10.69%	12/9/2019	$109.71	PP = $113.84
								MB = $119.53
Most Recent Note - 12/19/2019 5:21:27 PM G - Color code is changed to green after slumping further below its 50 DMA line ($105.44) with today's damaging volume-driven loss triggering a technical sell signal. 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). >>> FEATURED STOCK ARTICLE : Consolidating After Getting Extended From Any Sound Base - 12/3/2019 \| 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	$101.23	+1.53 1.53%	$102.45	346,379 126.88% of 50 DAV 50 DAV is 273,000	$112.33 -9.88%	11/14/2019	$106.87	PP = $112.43
								MB = $118.05
Most Recent Note - 12/17/2019 5:13:17 PM G - Subsequent volume-driven gains for new highs are still needed to trigger a technical buy signal. Found support near its 50 DMA line ($99) after volume-driven losses. Prior lows and its 200 DMA line define the next important support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Found Support at 50-Day Average During Choppy Consolidation - 12/5/2019 \| 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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