FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Tuesday, December 31st, 2019

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AFTER MARKET UPDATE - TUESDAY, DECEMBER 31ST, 2019

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Indices				NYSE			Nasdaq
DOW	+76.30	28,538.44	+0.27%	Volume	815,459,390	+18%	Volume	2,172,898,950	+6%
NASDAQ	+26.61	8,972.60	+0.30%	Advancers	1,851	65%	Advancers	1,976	62%
S&P 500	+9.49	3,230.78	+0.29%	Decliners	998	35%	Decliners	1,221	38%
Russell 2000	+4.32	1,668.47	+0.26%	52 Wk Highs	103		52 Wk Highs	109
S&P 600	+3.16	1,021.18	+0.31%	52 Wk Lows	9		52 Wk Lows	29

TODAY'S SPECIAL NOTICE

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S&P 500 Index Tallied its Best Year Since 2013
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

For December, the Dow added 1.7%, the S&P 500 climbed 2.9%, and the Nasdaq rallied 3.5%. For the quarter, the Dow, S&P 500, and Nasdaq advanced 6%, 8.5%, and 12.2%, respectively. Stocks finished higher on Tuesday, closing out a record year on Wall Street. The S&P 500 and Nasdaq Composite each rose 0.3%. Both benchmark indexes capped their strongest annual performance since 2013, climbing 28.9% and 35.2%, respectively. The Dow gained 76 points, notching its best year since 2017, up 22.3%. Advancers led decliners by a 9-5 margin on the NYSE and 3-2 on the Nasdaq exchange. The volume totals were higher than the prior session's totals on the NYSE and on the Nasdaq exchange. There were 37 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 42 on the prior session. New 52-week highs totals again 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 tech-heavy Nasdaq Composite Index tallied a +35.2% gain for the year and is perched near its record high.

In trade news, President Trump announced plans to sign the “phase one” accord with China on January 15th, stating that “phase two” negotiations would follow in Beijing.

Treasuries weakened with the yield on the 10-year note up four basis point to 1.92%, though down from 2018’s closing level of 2.68%. In commodities, WTI crude slipped nearly 1% to $61.15/barrel, still realizing its best annual gain since 2016. COMEX gold notched its strongest year since 2010, while the U.S. Dollar Index experienced its smallest-ever annual move, rising just 0.2%.

All 11 S&P 500 sectors ended 2019 in positive territory. Technology stocks soared 48%, the group’s best performance in a decade. Energy shares lagged on a relative basis, rising a modest 7.6%.

On the data front, the Conference Board’s gauge of consumer confidence declined to 126.5 in December from an upwardly revised 126.8 reading in November. Separately, a release from S&P CoreLogic Case Shiller revealed that home prices in 20 U.S. cities rose the most in five months in October.

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.

Tech Strength Underpinned Market Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX +0.10%), Bank Index ($BKX +0.24%) posted small gains and the Broker/Dealer Index ($XBD +0.06%) finished flat. The tech sector had a positive bias as the Biotech Index ($BTK +0.37%), Semiconductor Index ($SOX +0.28%), and the Networking Index ($NWX +0.23%) each posted a modest gain. The Gold & Silver Index ($XAU -0.23%) edged lower and the Oil Services Index ($OSX -1.46%) fell, meanwhile, the Integrated Oil Index ($XOI +0.90%) rose.

Charts courtesy of www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX +0.28%) tallied a +60.1% gain in 2019.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	78.29	-1.16	-1.46%	-2.87%
Integrated Oil	$XOI	1,270.55	+11.29	+0.90%	+9.61%
Semiconductor	$SOX	1,849.62	+5.23	+0.28%	+60.12%
Networking	$NWX	583.41	+1.37	+0.24%	+19.39%
Broker/Dealer	$XBD	290.38	+0.17	+0.06%	+22.35%
Retail	$RLX	2,449.27	+2.44	+0.10%	+25.51%
Gold & Silver	$XAU	106.92	-0.25	-0.23%	+51.32%
Bank	$BKX	113.36	+0.27	+0.24%	+32.14%
Biotech	$BTK	5,067.45	+18.54	+0.37%	+20.06%

Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
See the Featured Stocks with most recent note below. Feel free to contact us if you have a need for any additional information.

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	$37.13	-0.26 -0.70%	$37.63	26,298 55.95% of 50 DAV 50 DAV is 47,000	$38.18 -2.75%	9/24/2019	$34.00	PP = $35.36
								MB = $37.13
Most Recent Note - 12/27/2019 5:34:15 PM G - Still hovering near its 52-week high and just above its "max buy" level. Prior highs in the $35 area define initial support along with its 50 DMA line ($35.74). Resilient after reporting Sep '19 earnings which were below the fundamental guidelines of the fact-based investment system. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Towing/Recovery Equipment Firm Remains Perched Near Record High - 12/27/2019 \| 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	$30.50	-0.07 -0.23%	$30.64	105,627 240.06% of 50 DAV 50 DAV is 44,000	$30.95 -1.45%	12/16/2019	$30.07	PP = $30.95
								MB = $32.50
Most Recent Note - 12/26/2019 11:53:30 AM Y - Perched within close striking distance of its 52-week high, recently meeting resistance. Subsequent gains and a strong close 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 ($29.20) 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	$106.76	-0.19 -0.18%	$107.65	726,595 53.07% of 50 DAV 50 DAV is 1,369,000	$110.28 -3.19%	12/9/2019	$103.85	PP = $106.10
								MB = $111.41
Most Recent Note - 12/30/2019 6:27:03 PM Y - Volume totals have been cooling while stubbornly holding its ground near its 52-week high. Confirming gains above the pivot point backed by at least +40% above average volume are needed to trigger a convincing technical buy signal. Its 50 DMA line ($98.09) and prior high in the $97 area define important near-term support to watch. >>> FEATURED STOCK ARTICLE : Endured Distributional Pressure While Perched at High - 12/23/2019 \| 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	$55.42	+0.08 0.14%	$55.83	139,322 68.87% of 50 DAV 50 DAV is 202,300	$59.14 -6.29%	11/29/2019	$56.59	PP = $59.24
								MB = $62.20
Most Recent Note - 12/26/2019 5:25:46 PM Y - Still perched -4.5% off 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 : Perched Within Close Striking Distance of 52-Week High - 12/20/2019 \| 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	$25.69	+0.61 2.43%	$25.95	238,335 88.93% of 50 DAV 50 DAV is 268,000	$26.00 -1.19%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 12/30/2019 6:21:42 PM G - Perched at its all-time high, stubbornly holding its ground very extended from the previously noted base. Prior highs in the $22 area define support along with its 50 DMA line ($22.78). Fundamentals remain strong. >>> 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	$137.20	-0.06 -0.04%	$138.17	317,013 115.70% of 50 DAV 50 DAV is 274,000	$137.47 -0.20%	10/8/2019	$129.77	PP = $132.83
								MB = $139.47
Most Recent Note - 12/30/2019 6:23:21 PM G - Posted a 3rd consecutive gain today with light volume while hitting a new 52-week high. Its 50 DMA line ($130.63) 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. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Touched a New HIgh With Gains Backed by Light Volume - 12/30/2019 \| 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	$231.67	+0.84 0.36%	$232.00	936,609 45.87% of 50 DAV 50 DAV is 2,042,000	$235.50 -1.63%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 12/30/2019 6:28:24 PM G - Extended from any sound base, and its 50 DMA line ($217) defines near-term support above the prior high ($209). Recently reported earnings +28% on +23% sales revenues for the Oct '19 quarter. >>> 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	$90.94	+0.08 0.09%	$91.34	1,119,528 59.96% of 50 DAV 50 DAV is 1,867,000	$92.41 -1.59%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 12/26/2019 11:43:54 AM G - Consolidating in a tight range well above its 50 DMA line ($86.17) 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	$33.18	+0.19 0.58%	$33.40	423,148 83.46% of 50 DAV 50 DAV is 507,000	$35.79 -7.29%	11/8/2019	$32.89	PP = $31.44
								MB = $33.01
Most Recent Note - 12/26/2019 11:42:29 AM G - Consolidating above its "max buy" level. Its 50 DMA line ($32.09) and prior highs in the $30-31 area define important near-term support. Fundamentals remain strong. >>> 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	$149.77	+0.82 0.55%	$150.03	846,238 41.50% of 50 DAV 50 DAV is 2,039,000	$153.66 -2.53%	11/25/2019	$147.79	PP = $142.16
								MB = $149.27
Most Recent Note - 12/30/2019 6:30:50 PM Y - Color code is changed to yellow while consolidating just below its "max buy" level with losses on light volume. Prior highs in the $142-143 area define initial support to watch on pullbacks. >>> 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	$264.76	+2.34 0.89%	$265.44	663,366 118.88% of 50 DAV 50 DAV is 558,000	$279.95 -5.43%	11/20/2019	$252.97	PP = $259.81
								MB = $272.80
Most Recent Note - 12/30/2019 6:29:35 PM Y - Still consolidating above its pivot point and below its "max buy" level. 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	$103.08	+0.33 0.32%	$103.55	207,237 70.25% of 50 DAV 50 DAV is 295,000	$113.74 -9.37%	12/9/2019	$109.71	PP = $113.84
								MB = $119.53
Most Recent Note - 12/30/2019 6:32:22 PM G - A rebound above its 50 DMA line ($105.87) still is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Recent Slump Below 50-Day Moving Average Did Technical Damage - 12/24/2019 \| 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	$106.05	-0.05 -0.05%	$106.40	109,950 39.69% of 50 DAV 50 DAV is 277,000	$112.33 -5.59%	11/14/2019	$106.87	PP = $112.43
								MB = $118.05
Most Recent Note - 12/27/2019 5:39:03 PM G - Perched only -3.9% off its 52-week high. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a technical buy signal. Its 50 DMA line ($100) defines important near-term support to watch on pullbacks. Fundamentals remain strong. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Rebound Has Globant Perched Within Striking Distance of High - 12/26/2019 \| 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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