FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Friday, December 29th, 2017

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AFTER MARKET UPDATE - FRIDAY, DECEMBER 29TH, 2017

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Indices				NYSE			Nasdaq
DOW	-118.29	24,719.22	-0.48%	Volume	710,165,220	+35%	Volume	1,567,024,795	+19%
NASDAQ	-46.77	6,903.39	-0.67%	Advancers	1,197	41%	Advancers	1,018	37%
S&P 500	-13.93	2,673.61	-0.52%	Decliners	1,712	59%	Decliners	1,724	63%
Russell 2000	-13.42	1,535.51	-0.87%	52 Wk Highs	183		52 Wk Highs	152
S&P 600	-7.14	936.26	-0.76%	52 Wk Lows	12		52 Wk Lows	26

Major Indices Pulled Back From Record Levels
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks declined on Friday. The Dow was off 118 points to 24719, while the S&P 500 fell 13 points to 2673. The Nasdaq Composite slid 46 points to 6903. Volume totals reported were higher than the prior session totals on the NYSE and on the Nasdaq exchange. Decliners led advancers by nearly a 3-2 margin on the NYSE and by a 9-5 margin on the Nasdaq exchange. There were 55 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 42 on the prior session. New 52-week highs totals expanded and 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 s hovering near its record high with volume totals cooling.

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.

All 11 sectors in the S&P 500 finished in negative territory as the sell-off in U.S. equities accelerated late in the session. Telecom and Health Care were the worst performing sectors. Notable decliners included Apple (AAPL -1.08%) and Amazon (AMZN -1.40%).

The S&P 500 finished lower on the day, but capped its best annual performance since 2013. The index gained 19.4%, while the Dow surged 25.1%, and the Nasdaq rallied 28.2%. The S&P 500 added 6.1% in the fourth quarter and 1% in December, but dropped 0.4% in the final week of 2017. The Dow posted a 10.3% fourth quarter advance, which included a 1.8% December rise, but a modest 0.1% loss in the final week of the year. The Nasdaq gained 6.3% in the final three months of the year, but gained only 0.4% in December and slipped 0.8% this week.

U.S. Treasuries advanced on Friday, sending yields lower along the curve. The yield on the benchmark 10-year note fell two basis points to 2.41%, roughly four basis points below where it finished 2016.

In commodities, NYMEX WTI crude added 0.7% to $60.26/barrel, taking its 2017 advance to 12.2%. COMEX gold increased 0.6% to $1305.50/ounce. The yellow metal rallied 13.4% on the year, its best annual performance since 2010. In FOREX, the U.S. Dollar Index lost 0.3% to cap its worst annual performance since 2003.

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 Pulled Back
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX -0.85%), Broker/Dealer Index ($XBD -0.50%), and the Retail Index ($RLX -0.76%) ended lower on Friday. Commodity-linked groups were mixed as the Oil Services Index ($OSX +0.68%) rose while the Integrated Oil Index ($XOI -0.38%) and the Gold & Silver Index ($XAU -0.21%) both edged lower. The tech sector had a negative bias as the Semiconductor Index ($SOX -1.05%), Biotechnology Index ($BTK -1.17%), and the Networking Index ($NWX -1.97%) each ended lower.

Charts courtesy wwwstockcharts.com

PICTURED: The Bank Index ($BKX -0.85%) is hovering near its record high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	149.55	+1.01	+0.68%	-18.63%
Integrated Oil	$XOI	1,335.55	-5.10	-0.38%	+5.33%
Semiconductor	$SOX	1,253.05	-13.25	-1.05%	+38.23%
Networking	$NWX	490.53	-9.87	-1.97%	+9.96%
Broker/Dealer	$XBD	265.24	-1.34	-0.50%	+29.21%
Retail	$RLX	1,733.77	-13.25	-0.76%	+29.10%
Gold & Silver	$XAU	85.27	-0.18	-0.21%	+8.13%
Bank	$BKX	106.71	-0.92	-0.85%	+16.25%
Biotech	$BTK	4,222.21	-50.19	-1.17%	+37.31%

Hovering Near Prior High After 3rd Strong Quarterly Earnings
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Rogers Corp (ROG +$3.94 or +2.49% to $161.92 ) was highlighted in yellow with pivot point cited based on its 11/22/17 high plus 10 cents. Hovering within striking distance of its all-time high, finding support above its 50 DMA line. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal from a riskier ""late stage" base.

Recently the Chemicals - Plastics firm reported earnings +45% on +25% sales revenues for the Sep '17 quarter, its 3rd strong quarterly comparison above the +25% minimum guideline, helping it better match with the fact-based investment system's fundamental guidelines (C criteria). Annual earnings (A criteria) history has been good after a downturn in FY '12.

The number of high ranked funds owning its shares rose from 342 in Dec '16 to 406 in Sep '17. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a small supply of only 18.2 million shares outstanding (S criteria) 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	$150.72	-2.29 -1.50%	$153.95	390,662 63.63% of 50 DAV 50 DAV is 614,000	$156.86 -3.91%	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	$58.78	-1.72 -2.84%	$60.56	44,920 58.64% of 50 DAV 50 DAV is 76,600	$66.58 -11.72%	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
ROG - NYSE Rogers Corp CONSUMER NON-DURABLES - Rubber and Plastics	$161.92	+3.94 2.49%	$163.99	247,379 147.25% of 50 DAV 50 DAV is 168,000	$168.07 -3.66%	12/29/2017	$162.92	PP = $168.17
								MB = $176.58
Most Recent Note - 12/29/2017 5:32:06 PM Y - It was highlighted in yellow with pivot point cited based on its 11/22/17 high plus 10 cents in the earlier mid-day report. Hovering within striking distance of its all-time high, finding support above its 50 DMA line. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal from a riskier ""late stage" base. Reported earnings +45% on +25% sales revenues for the Sep '17 quarter, its 3rd strong quarterly comparison, helping it better match with the fact-based investment system's fundamental guidelines (C criteria). Annual earnings (A criteria) history has been good after a downturn in FY '12. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Hovering Near Prior High After 3rd Strong Quarterly Earnings - 12/29/2017 \| 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	$256.90	-3.52 -1.35%	$261.95	1,770,998 52.29% of 50 DAV 50 DAV is 3,386,800	$285.68 -10.07%	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	$446.63	+6.10 1.38%	$446.71	5,694 47.45% of 50 DAV 50 DAV is 12,000	$458.00 -2.48%	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
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
YY - NASDAQ YY Inc Ads INTERNET - Internet Service Providers	$113.06	-0.30 -0.26%	$114.80	528,615 36.66% of 50 DAV 50 DAV is 1,442,000	$123.48 -8.44%	12/29/2017	$113.06	PP = $123.58
								MB = $129.76
Most Recent Note - 12/29/2017 5:30:36 PM Y - Color code is changed to yellow with new pivot point cited based on its 11/21/17 high plus 10 cents. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($102.71) and recent low ($98.50 on 12/06/17) define important near-term support where violations may trigger technical sell signals. 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
HTHT - NASDAQ China Lodging Group Ads LEISURE - Lodging	$144.43	+3.74 2.66%	$146.25	856,078 136.54% of 50 DAV 50 DAV is 627,000	$142.80 1.14%	12/22/2017	$138.07	PP = $142.90
								MB = $150.05
Most Recent Note - 12/29/2017 1:08:31 PM Y - Quietly hitting a new all-time high today, technically rising above the new pivot point cited based on its 10/25/17 high plus 10 cents. Disciplined investors watch for gains above the pivot point to have at least +40% above average volume to trigger a proper new (or add-on) technical buy signal. >>> 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	$69.45	-0.30 -0.43%	$70.40	146,169 102.94% of 50 DAV 50 DAV is 142,000	$70.11 -0.93%	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	$43.42	-1.18 -2.65%	$44.93	665,239 75.08% of 50 DAV 50 DAV is 886,000	$47.29 -8.18%	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	$66.32	-1.71 -2.51%	$68.39	839,261 83.84% of 50 DAV 50 DAV is 1,001,000	$68.98 -3.86%	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
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	$172.65	-2.15 -1.23%	$177.99	425,738 46.38% of 50 DAV 50 DAV is 918,000	$192.75 -10.43%	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
ANET - NYSE Arista Networks Inc TELECOMMUNICATIONS - Communication Equipment	$235.58	-5.06 -2.10%	$241.30	414,819 48.12% of 50 DAV 50 DAV is 862,000	$245.65 -4.10%	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	$71.80	-0.39 -0.54%	$72.77	862,843 61.46% of 50 DAV 50 DAV is 1,404,000	$74.81 -4.02%	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	$75.95	-0.25 -0.33%	$76.50	93,724 49.59% of 50 DAV 50 DAV is 189,000	$79.40 -4.35%	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	$53.25	-0.35 -0.65%	$54.25	334,184 64.64% of 50 DAV 50 DAV is 517,000	$54.30 -1.93%	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
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
HLI - NYSE Houlihan Lokey Inc Cl A Finance-Invest Bnk/Bkrs	$45.43	-0.32 -0.70%	$45.67	143,905 56.88% of 50 DAV 50 DAV is 253,000	$46.99 -3.32%	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

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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