FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Tuesday, December 26th, 2017

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AFTER MARKET UPDATE - TUESDAY, DECEMBER 26TH, 2017

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Indices				NYSE			Nasdaq
DOW	-7.85	24,746.21	-0.03%	Volume	528,130,730	-12%	Volume	1,281,047,773	-17%
NASDAQ	-23.71	6,936.25	-0.34%	Advancers	1,620	56%	Advancers	1,332	47%
S&P 500	-2.84	2,680.50	-0.11%	Decliners	1,288	44%	Decliners	1,506	53%
Russell 2000	+1.30	1,544.23	+0.08%	52 Wk Highs	173		52 Wk Highs	108
S&P 600	+0.93	940.27	+0.10%	52 Wk Lows	26		52 Wk Lows	31

Major Indices Inched Lower With Less Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished slightly lower on Tuesday. The Dow lost 7 points to 24746. The S&P 500 was off 2 points to 2680. The Nasdaq Composite was down 23 points to 6936. Volume totals reported were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 4-3 margin on the NYSE, but decliners led advancers by a 7-6 margin on the Nasdaq exchange. There were 51 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 36 on the prior session. New 52-week highs totals outnumbered new 52-week lows on the NYSE and on 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 hovering near its record high with volume totals cooling. The index is up +25.2% year-to-date.

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.

Technology shares lagged in what was a light trading day on Wall Street. On the data front, the S&P CoreLogic Case-Shiller 20-City Composite Home Price Index rose at a 6.4% annualized pace in October, up from the 6.2% increase from the previous month. A release on manufacturing activity in the Richmond Fed region missed consensus projections, while a separate tally on the Dallas region topped expectations.

Seven of 11 sectors in the S&P 500 finished positive on the day as an advance by Energy and retail stocks tempered the Tech weakness. Apple (AAPL -2.54%) following a report that iPhone X demand could come in below expectations in the first quarter. Retailers caught a boost as a report from MasterCard (MA +029%) showed that holiday sales rose +4.9% from the same period last year, the sharpest increase since 2011. Macy’s (M +4.60%) and Kohl’s (KSS +5.98%) both rose.

Treasuries were little-changed along the curve with the yield on the benchmark 10-year note down one basis-point to 2.47%. In commodities, NYMEX WTI crude jumped 2.3% to $59.79/barrel, the highest level since June 2015, following a pipeline explosion in Libya. COMEX gold was up 0.7% to $1284.10/ounce.6959.

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 Biotech Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Commodity-linked groups had a positive bias on Tuesday as the Gold & Silver Index ($XAU +1.95%) outpaced the Integrated Oil Index ($XOI +1.17%) and the Oil Services Index ($OSX +1.77%). The Retail Index ($RLX +0.63%) rang up a modest gain but the Bank Index ($BKX -0.64%) and Broker/Dealer Index ($XBD -0.38%) each ended slightly in the red. The Biotechnology Index ($BTK +0.98%) again led the tech sector while the Networking Index ($NWX -0.38%) and the Semiconductor Index ($SOX -0.97%) both finished in the red.

Charts courtesy wwwstockcharts.com

PICTURED: The Biotechnology Index ($BTK +0.98%) rebounded above its 50-day moving average (DMA) line toward prior highs.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	149.04	+2.58	+1.76%	-18.91%
Integrated Oil	$XOI	1,342.48	+15.46	+1.17%	+6.97%
Semiconductor	$SOX	1,258.88	-12.29	-0.97%	+38.88%
Networking	$NWX	495.73	-1.91	-0.38%	+11.13%
Broker/Dealer	$XBD	266.37	-1.03	-0.38%	+29.76%
Retail	$RLX	1,742.79	+10.91	+0.63%	+29.77%
Gold & Silver	$XAU	85.65	+1.64	+1.95%	+8.61%
Bank	$BKX	107.27	-0.68	-0.63%	+16.86%
Biotech	$BTK	4,244.18	+41.23	+0.98%	+38.02%

Building on an Advanced Ascending Base Pattern
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Installed Building Products' (IBP +$0.50 or +0.67% to $75.00) recently found support at its 50-day moving average (DMA) line ($69.63). A new pivot point is cited based on its 12/04/17 high plus 10 cents and its color code is changed to yellow. There have been 3 pullbacks of 10-20% during its ongoing ascent since its 8/04/17 breakout, thus it has formed an advanced ascending base.

Subsequent volume-driven gains into new high territory may trigger a new (or add-on) technical buy signal. Any damaging losses leading to a violation of the 50 DMA line or recent low ($68.30 on 12/13/17) may trigger technical sell signals. Fundamentals remain strong. IBP was last shown in this FSU section on 12/01/17 with an annotated graph under the headline, "Extended From Any Sound Base After Impressive Rebound and Rally".

IBP traded up as much as +77.3% since first highlighted in the 2/27/17 mid-day report in yellow with pivot point cited based on its 12/08/16 high plus 10 cents (read here). Fundamentals remain strong after reporting earnings +30% on +31% sales revenues for the Sep '17 quarter, continuing its strong track record of quarterly comparisons with earnings increases well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong since its $11 IPO on 2/13/14.

The high-ranked Building - Maintenance & Service firm has seen the number of top-rated funds owning its shares rose from 226 in Mar '16 to 295 in Sep '17, a reassuring sign concerning the I criteria. Its small supply of only 31.9 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling. It currently has a Timeliness Rating of A and a Sponsorship Rating of B.

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	$153.14	+1.31 0.86%	$153.45	211,608 33.32% of 50 DAV 50 DAV is 635,000	$156.86 -2.37%	12/19/2017	$153.92	PP = $156.96
								MB = $164.81
Most Recent Note - 12/26/2017 11:35:06 AM Y - Holding its ground stubbornly near its all-time high while volume totals have been cooling. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buys signal. Its 50 DMA line ($140.45) and prior highs in the $138 area define near-term support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Very Extended From Prior Base and Hovering Near Record High - 12/7/2017 \| 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	$60.22	-0.38 -0.63%	$61.42	47,889 62.76% of 50 DAV 50 DAV is 76,300	$66.58 -9.55%	10/10/2017	$59.38	PP = $59.08
								MB = $62.03
Most Recent Note - 12/26/2017 11:31:19 AM Y - Still quietly consolidating below its "max buy" level. Met resistance in the $66 area and found support recently near its 50 DMA line ($61.063). Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Challenged High After Finding Support at 50 Day Moving Average - 12/5/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AVGO - NASDAQ Avago Technologies Ltd ELECTRONICS - Semiconductor - Broad Line	$258.10	-4.25 -1.62%	$262.35	2,204,583 65.65% of 50 DAV 50 DAV is 3,358,000	$285.68 -9.65%	10/30/2017	$261.19	PP = $259.46
								MB = $272.43
Most Recent Note - 12/26/2017 11:19:59 AM G - Gapped down today slumping below its 50 DMA line ($262.96) toward the recent low ($254.20 on 12/06/17). More damaging losses would raise greater concerns. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Testing Support at Prior Highs and 50-Day Average - 12/8/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TPL - NYSE Texas Pacific Land Trust FINANCIAL SERVICES - Diversified Investments	$443.18	+10.18 2.35%	$445.00	17,553 146.28% of 50 DAV 50 DAV is 12,000	$434.99 1.88%	12/21/2017	$419.50	PP = $435.09
								MB = $456.84
Most Recent Note - 12/26/2017 1:15:29 PM Y - Hitting a new all-time high with today's 6th consecutive gain, rising above its pivot point today without especially heavy volume. Previously noted - "Highlighted in yellow with pivot point cited based on its 10/13/17 high plus 10 cents in the 12/21/17 mid-day report. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal. " >>> FEATURED STOCK ARTICLE : Real Estate Trust Perched Within Striking Distance of Prior High - 12/21/2017 \| 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	$113.85	-0.75 -0.65%	$114.90	395,443 26.47% of 50 DAV 50 DAV is 1,494,000	$123.48 -7.80%	9/25/2017	$80.26	PP = $83.10
								MB = $87.26
Most Recent Note - 12/22/2017 6:42:59 PM G - Found support above its prior high ($97.59 on 10/16/17) and above its 50 DMA line ($101.20) while building on a new base. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Fundamentals Remain Strong; Extended From Any Sound Base - 12/11/2017 \| 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	$140.70	+2.63 1.90%	$140.89	509,444 81.77% of 50 DAV 50 DAV is 623,000	$142.80 -1.47%	12/22/2017	$138.07	PP = $142.90
								MB = $150.05
Most Recent Note - 12/22/2017 6:30:21 PM Y - Color code is changed to yellow with new pivot point cited based on its 10/25/17 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Posted 7 consecutive gains while approaching prior highs. Rebounded above its 50 DMA line helping its outlook to improve. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Sales Revenues Growth Rate Shows Acceleration - 12/22/2017 \| 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	$68.50	-0.15 -0.22%	$69.50	61,796 43.52% of 50 DAV 50 DAV is 142,000	$69.72 -1.76%	10/26/2017	$90.90	PP = $87.90
								MB = $92.30
Most Recent Note - 12/26/2017 11:29:16 AM G - Perched at its all-time high while on track today for a 4th consecutive gain. Prior high in the $64 area and its 50 DMA line ($62.24) define important near-term support to watch where violations would raise concerns. Fundamentals remain strong. Shares split 3/2 effective 12/11/17, so do not be confused by the impact on the share prices. >>> FEATURED STOCK ARTICLE : Hovering Near High Following 3:2 Share Split - 12/15/2017 \| 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	$45.13	+0.05 0.11%	$45.42	314,090 33.45% of 50 DAV 50 DAV is 939,000	$47.29 -4.57%	10/9/2017	$39.75	PP = $41.54
								MB = $43.62
Most Recent Note - 12/26/2017 11:21:17 AM G - Quietly consolidating above its 50 DMA line ($44.19) and recent low ($43.07 on 12/01/17) defining near-term support. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Pulling Back After Recently Wedging Higher - 12/14/2017 \| 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	$67.47	+1.99 3.04%	$68.98	1,458,715 146.75% of 50 DAV 50 DAV is 994,000	$68.89 -2.06%	10/6/2017	$57.13	PP = $54.23
								MB = $56.94
Most Recent Note - 12/26/2017 11:18:07 AM G - Rising near its all-time high with today's early gain. Very extended from its prior base, its 50 DMA line ($60.49) defines near-term support above prior highs in the $57-58 area. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Retail - Discount & Variety Firm Has Strong Fundamentals - 12/19/2017 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
OLED - NASDAQ Universal Display Corp Elec-Misc Products	$170.60	-4.95 -2.82%	$172.94	1,086,718 119.29% of 50 DAV 50 DAV is 911,000	$192.75 -11.49%	8/31/2017	$128.22	PP = $127.78
								MB = $134.17
Most Recent Note - 12/26/2017 1:06:43 PM G - Slumped near its 50 DMA line ($164.47) earlier yet rebounded from the session low ($165.20). The 50 DMA and the recent low ($158.00 on 12/05/17) define important support levels to watch. Subsequent losses leading to violations may trigger technical sell signals. Has not formed a sound base pattern. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Consolidating After +50% Rally Since First Featured 8/31/17 - 12/13/2017 \| 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
ANET - NYSE Arista Networks Inc TELECOMMUNICATIONS - Communication Equipment	$235.66	-0.89 -0.38%	$236.70	426,512 49.19% of 50 DAV 50 DAV is 867,000	$245.65 -4.07%	10/27/2017	$195.65	PP = $196.37
								MB = $206.19
Most Recent Note - 12/26/2017 11:36:37 AM G - Perched within close striking distance of its all-time high. . Its 50 DMA line ($217) defines near-term support above the prior low ($206.86 on 12/05/17). Subsequent violations would trigger technical sell signals. >>> FEATURED STOCK ARTICLE : Halted Volume-Driven Pullback at 50-Day Moving Average Line - 12/6/2017 \| 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	$72.22	+0.48 0.67%	$72.26	568,219 39.27% of 50 DAV 50 DAV is 1,447,000	$74.81 -3.46%	6/21/2017	$47.33	PP = $46.94
								MB = $49.29
Most Recent Note - 12/26/2017 11:38:26 AM G - Perched near its all-time high, very extended from any sound base, its 50 DMA line ($64.22) defines initial support above prior highs near $57. Bullish action has continued although 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 : Extended From Any Base, Grubhub Hits Another New Record High - 12/18/2017 \| 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	$75.00	+0.50 0.67%	$75.10	81,809 43.06% of 50 DAV 50 DAV is 190,000	$79.40 -5.54%	12/26/2017	$75.00	PP = $79.50
								MB = $83.48
Most Recent Note - 12/26/2017 6:41:51 PM Y - Color code is changed to yellow with new pivot point cited based on its 12/04/17 high plus 10 cents after forming an advanced ascending base. Recently found support at its 50 DMA line ($69.63). Subsequent losses leading to a violation of the 50 DMA line or recent low ($68.30 on 12/13/17) may trigger technical sell signals. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Building on an Advanced Ascending Base Pattern - 12/26/2017 \| 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	$53.45	+0.25 0.47%	$53.85	180,916 35.13% of 50 DAV 50 DAV is 515,000	$53.50 -0.09%	11/21/2017	$46.78	PP = $47.00
								MB = $49.35
Most Recent Note - 12/26/2017 11:27:43 AM G - Extended from its prior base, hitting yet another new all-time high today. Its 50 DMA line defines important near-term support coinciding with prior highs in the $46 area. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Extended From Latest Base and Perched Near Record High - 12/20/2017 \| 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	$45.78	-0.06 -0.13%	$46.70	95,227 37.34% of 50 DAV 50 DAV is 255,000	$46.99 -2.58%	9/18/2017	$37.04	PP = $39.78
								MB = $41.77
Most Recent Note - 12/26/2017 11:22:41 AM G - Perched near its all-time high, extended from any sound base. Its 50 DMA line ($43.23) defines near-term support to watch. Made gradual progress since 10/26/17 when it priced a Secondary Offering. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Wedging Higher With Recent Gains Lacking Great Volume - 12/12/2017 \| 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

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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