FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, December 28th, 2017

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AFTER MARKET UPDATE - THURSDAY, DECEMBER 28TH, 2017

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Indices				NYSE			Nasdaq
DOW	+63.21	24,837.51	+0.26%	Volume	527,117,710	-4%	Volume	1,311,623,980	-5%
NASDAQ	+10.82	6,950.16	+0.16%	Advancers	1,931	66%	Advancers	1,656	57%
S&P 500	+4.92	2,687.54	+0.18%	Decliners	995	34%	Decliners	1,226	43%
Russell 2000	+4.99	1,548.93	+0.32%	52 Wk Highs	130		52 Wk Highs	108
S&P 600	+3.69	943.40	+0.39%	52 Wk Lows	24		52 Wk Lows	27

Indices Quietly Edged Higher With Less Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks advanced modestly on Thursday. The Dow climbed 63 points to an all-time high of 24837. The S&P 500 added 4 points to 2687, while the Nasdaq advanced 10 points to 6950. Volume totals reported were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by nearly a 2-1 margin on the NYSE and by 4-3 margin on the Nasdaq exchange. There were 42 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, down from the total of 51 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 Nasdaq Composite Index is hovering near its record high with volume totals cooling. The index is up +29.1% 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.

U.S. equities increased with Treasury yields while the dollar slumped on the second to last trading session of 2017. In economic news, weekly jobless claims came in at 245,000 versus consensus expectations of 240,000. A separate release showed the Chicago PMI for December rose to 67.6, its highest since March 2011, and above the expected 62 reading.

Eight of 11 sectors in the S&P 500 finished in positive territory with Telecom and Utilities shares leading the way. AT&T (T +0.75%). NiSource (NI +1.27%) rose. Shares of Netflix (NFLX +3.47%) and Northern Trust (NTRS +1.66%) as Consumer Discretionary and Financials also outperformed on the session. Consumer Staples lagged with Altria (MO -1.60%).

U.S. Treasury yields rose, sending prices lower along the curve. The yield on the benchmark 10-year note ended up two basis points to 2.43% after its sharpest decline since September on Wednesday. The U.S Dollar Index declined 0.4% on the session and is on pace for its worst year since 2003. In the commodity complex, while NYMEX WTI crude added 0.4% at $59.89/barrel. COMEX gold rose 0.2% to $1287.00, the highest level in a month.

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.

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

The Retail Index ($RLX +0.34%) and Bank Index ($BKX +0.45%) both outpaced the Broker/Dealer Index ($XBD +0.15%) on Thursday. The Biotechnology Index ($BTK +0.35%), Networking Index ($NWX +0.18%) and the Semiconductor Index ($SOX +0.23%) each posted a small gain as the tech sector helped the market's positive bias. Commodity-linked groups were mixed and little changed as the Gold & Silver Index ($XAU +0.16%), Integrated Oil Index ($XOI +0.15%) both inched higher but the Oil Services Index ($OSX -0.24%) ended the session slightly lower.

Charts courtesy wwwstockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +0.15%) is hovering near its record high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	148.54	-0.35	-0.24%	-19.18%
Integrated Oil	$XOI	1,340.65	+1.99	+0.15%	+5.73%
Semiconductor	$SOX	1,266.30	+2.94	+0.23%	+39.70%
Networking	$NWX	500.41	+0.91	+0.18%	+12.17%
Broker/Dealer	$XBD	266.58	+0.41	+0.15%	+29.86%
Retail	$RLX	1,747.02	+5.86	+0.34%	+30.09%
Gold & Silver	$XAU	85.45	+0.13	+0.15%	+8.36%
Bank	$BKX	107.63	+0.48	+0.45%	+17.26%
Biotech	$BTK	4,272.40	+14.75	+0.35%	+38.94%

Concerns Raised by Relative Strength and 50 DMA Line Breach
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Preferred Bank Los Angeles (PFBC +$0.40 or +0.67% to $60.50) is quietly sputtering below its 50-day moving average (DMA) line ($61.12). Its Relative Strength rank is currently 64, below the 80+ minimum guideline for buy candidates. A rebound above its 50 DMA line is needed for its outlook to improve. Prior lows and its 200 DMA line define the next important chart support in the $55 area.

Recently it reported earnings +36% on +33% sales revenues for the Sep '17 quarter, its 4th consecutive quarterly comparison above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong after a downturn in FY '12.

PFBC was first highlighted in yellow with pivot point cited based on its 7/20/17 high plus 10 cents in the 10/10/17 mid-day report (read here). It was last shown in this FSU section on 12/05/17 with an annotated graph under the headline "Challenged High After Finding Support at 50 Day Moving Average".

It currently has a Timeliness rating of B and a Sponsorship rating of B. The number of top-rated funds owning its shares rose from 262 in Dec '16 to 300 in Sep '17, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days.

Chart 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	$153.01	+0.91 0.60%	$153.15	250,527 40.15% of 50 DAV 50 DAV is 624,000	$156.86 -2.45%	12/19/2017	$153.92	PP = $156.96
								MB = $164.81
Most Recent Note - 12/27/2017 6:07:51 PM 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. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Holding Ground in Tight Range Near High - 12/27/2017 \| 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	$60.50	+0.40 0.67%	$60.65	48,057 62.57% of 50 DAV 50 DAV is 76,800	$66.58 -9.13%	10/10/2017	$59.38	PP = $59.08
								MB = $62.03
Most Recent Note - 12/28/2017 5:16:31 PM G - Color code is changed to green after sputtering below its 50 DMA line. Relative Strength rank has slumped. Fundamentals remain strong. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Concerns Raised by Relative Strength and 50 DMA Line Breach - 12/28/2017 \| 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	$260.42	+1.30 0.50%	$260.80	1,364,069 39.96% of 50 DAV 50 DAV is 3,413,400	$285.68 -8.84%	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	$440.53	-9.53 -2.12%	$452.93	7,480 62.33% of 50 DAV 50 DAV is 12,000	$458.00 -3.81%	12/21/2017	$419.50	PP = $435.09
								MB = $456.84
Most Recent Note - 12/27/2017 1:28:12 PM Y - Hitting another new all-time high with today's 7th consecutive gain. Rose above its pivot point on the prior session with +35% above average 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	$113.36	-1.59 -1.38%	$116.79	408,121 28.05% of 50 DAV 50 DAV is 1,455,000	$123.48 -8.20%	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	$140.69	+0.10 0.07%	$141.85	569,372 91.10% of 50 DAV 50 DAV is 625,000	$142.80 -1.48%	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	$69.75	+1.15 1.68%	$70.11	105,303 74.68% of 50 DAV 50 DAV is 141,000	$69.72 0.04%	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	$44.60	+0.18 0.41%	$44.71	252,815 28.03% of 50 DAV 50 DAV is 902,000	$47.29 -5.69%	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	$68.03	+0.19 0.28%	$68.20	441,041 43.84% of 50 DAV 50 DAV is 1,006,000	$68.98 -1.38%	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	$174.80	-1.55 -0.88%	$178.45	447,913 48.69% of 50 DAV 50 DAV is 920,000	$192.75 -9.31%	8/31/2017	$128.22	PP = $127.78
								MB = $134.17
Most Recent Note - 12/27/2017 6:10:51 PM G - Found support above its 50 DMA line ($165.29) and above the prior low ($158.00 on 12/05/17). 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	$240.64	+1.14 0.48%	$241.50	416,426 48.37% of 50 DAV 50 DAV is 861,000	$245.65 -2.04%	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	$72.19	-0.95 -1.30%	$73.54	557,306 39.75% of 50 DAV 50 DAV is 1,402,000	$74.81 -3.50%	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	$76.20	-0.05 -0.07%	$76.50	113,989 59.99% of 50 DAV 50 DAV is 190,000	$79.40 -4.03%	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	$53.60	+0.35 0.66%	$53.88	308,647 59.93% of 50 DAV 50 DAV is 515,000	$54.30 -1.29%	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	$45.75	+0.39 0.86%	$45.75	136,558 53.55% of 50 DAV 50 DAV is 255,000	$46.99 -2.64%	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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