FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, January 10th, 2018

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AFTER MARKET UPDATE - WEDNESDAY, JANUARY 10TH, 2018

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Indices				NYSE			Nasdaq
DOW	-16.67	25,369.13	-0.07%	Volume	812,176,690	+1%	Volume	2,116,159,760	-1%
NASDAQ	-10.01	7,153.57	-0.14%	Advancers	1,137	39%	Advancers	1,322	50%
S&P 500	-3.06	2,748.23	-0.11%	Decliners	1,773	61%	Decliners	1,335	50%
Russell 2000	-0.30	1,559.80	-0.02%	52 Wk Highs	172		52 Wk Highs	133
S&P 600	-1.27	948.33	-0.13%	52 Wk Lows	59		52 Wk Lows	43

Indices Retreat From Record Highs as Leadership Thins
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished lower Wednesday. The Dow fell 16 points to 25369. The S&P 500 lost 3 points to 2748. The Nasdaq retreated 10 points to 7153. Volume totals reported were mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Decliners led advancers by a 3-2 margin on the NYSE while the mix was near even on the Nasdaq exchange. There were 44 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 110 on the prior session. New 52-week highs totals expanded and solidly 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 pulled back from a record high after 6 consecutive gains.

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.

The major averages declined amid a series of global concerns. Treasury yields spiked in early trading after China announced it may halt its purchases of U.S debt. A report from Reuters revealed Canada is growing increasingly convinced the U.S. will withdraw from NAFTA. On the data front, a release this morning revealed mortgage applications climbed 8.3% in the first week of 2018. An additional update showed U.S. import prices increased less than consensus estimates in December.

Nine of 11 S&P 500 sectors were lower on the session. Consumer Staples and Technology underperformed as Walmart (WMT -0.72%) and Intel (INTC -2.57%) both fell. In Healthcare, Intuitive Surgical (ISRG +6.59%) was the top performing stock in the S&P 500, after the firm increased fourth quarter revenue guidance. Financials were the best performing group with Bank of New York Mellon (BK +3.13%) and State Street (SST +2.81%) rising.

Treasury prices recovered from early session lows, following robust demand at today’s $24 billion 10-year auction. The yield on the 10-year note finished unchanged at 2.54%. In commodities, NYMEX WTI crude gained 0.7% to $63.42/barrel. COMEX gold added 0.4% to $1318.30/ounce.

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.

Gold & Silver, Financial, and Retail Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX +1.31%) and Broker/Dealer Index ($XBD +0.62%) both outpaced the Retail Index ($RLX +0.19%) on Wednesday. The tech sector was led lower by the Semiconductor Index ($SOX -1.24%) while the Networking Index ($NWX -0.34%) also edged lower and the Biotechnology Index ($BTK +0.14%) eked out a tiny gain. The Gold & Silver Index ($XAU +1.32%) posted a solid gain while the energy-linked groups basically held their ground as the Oil Services Index ($OSX +0.13%) and the Integrated Oil Index ($XOI +0.12%) were little changed.

Charts courtesy wwwstockcharts.com

PICTURED: The Networking Index ($NWX -0.34%) is pulling back after hitting a new record high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	159.39	+0.21	+0.13%	+6.58%
Integrated Oil	$XOI	1,388.58	+1.70	+0.12%	+3.97%
Semiconductor	$SOX	1,306.22	-16.35	-1.24%	+4.24%
Networking	$NWX	503.26	-1.71	-0.34%	+2.59%
Broker/Dealer	$XBD	276.30	+1.70	+0.62%	+4.17%
Retail	$RLX	1,817.52	+3.45	+0.19%	+4.83%
Gold & Silver	$XAU	86.07	+1.12	+1.32%	+0.94%
Bank	$BKX	111.37	+1.45	+1.32%	+4.37%
Biotech	$BTK	4,431.09	+6.01	+0.14%	+4.95%

Pulled Back From Record High With Higher Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Patrick Industries Inc (PATK -$0.75 or -1.13% to $65.50) retreated from its all-time high with a loss on above average volume on 1/04/18 indicative of distributional pressure. Its 50-day moving average (DMA) line and prior high coincide in the $64 area defining near-term support to watch. Fundamentals remain strong. Shares split 3/2 effective 12/11/17, so do not be confused by the impact on the share prices. Its small supply of 23.7 million shares (S criteria) in the public float still can contribute to greater price volatility in the event of institutional buying or selling.

PATK finished strong on 10/26/17 after highlighted in yellow with new pivot point cited based on its 10/04/17 high in the mid-day report (read here). It spiked to a new high with a big gain backed by +305% above average volume triggering a technical buy signal. The bullish action came after it reported earnings +37% on +34% sales revenues for the Sep '17 quarter. Quarterly earnings of quarterly comparisons were above the +25% minimum earnings guideline (C criteria) in 2 of the 3 most recent quarters while sales revenues showed encouraging acceleration. A small downturn in FY '13 was a flaw previously noted in its annual earnings (A criteria) history.

It has earned a 96 Earnings Per Share rating and fundamentals remain strong. Leadership (L criteria) from others in the industry group (Building - Mobile/ Mfg & RV) is a reassuring sign. PATK currently has Timeliness Rating of B and also a Sponsorship Rating of B. It was last shown in this FSU section on 12/15/17 with an annotated graph under the headline, "Hovering Near High Following 3:2 Share Split". Its current Up/Down Volume ratio of 1.1 is an unbiased indication that its shares were near neutral concerning accumulation/distribution over the past 50 days. The number of top-rated funds owning its share rose from 218 in Jun '15 to 336 in Sep '17, a reassuring trend concerning the I criteria.

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	$152.44	-1.29 -0.84%	$153.63	293,641 48.86% of 50 DAV 50 DAV is 601,000	$157.50 -3.21%	12/19/2017	$153.92	PP = $156.96
								MB = $164.81
Most Recent Note - 1/8/2018 4:11:10 PM Y - Still holding its ground stubbornly near its all-time high with volume totals cooling. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($144.14) defines near-term support to watch above prior highs in the $138 area. Fundamentals remain very strong. >>> 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
ROG - NYSE Rogers Corp CONSUMER NON-DURABLES - Rubber and Plastics	$164.36	-3.00 -1.79%	$167.97	107,079 53.81% of 50 DAV 50 DAV is 199,000	$184.00 -10.67%	12/29/2017	$162.92	PP = $168.17
								MB = $176.58
Most Recent Note - 1/9/2018 2:05:08 PM Y - Wedging back above its pivot point with today's 3rd consecutive small gain on light volume. Raised concerns after a big "negative reversal" at a new all-time high on 1/03/18. Disciplined investors avoid chasing stocks more than 5% above prior highs and always limit losses by selling any stock that falls more than -7% from their purchase price. >>> 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	$262.83	-5.67 -2.11%	$266.14	3,156,725 92.34% of 50 DAV 50 DAV is 3,418,700	$285.68 -8.00%	1/5/2018	$271.62	PP = $285.78
								MB = $300.07
Most Recent Note - 1/9/2018 2:08:10 PM Y - Consolidating above its 50 DMA line ($266.86). The recent low ($254.20 on 12/06/17) defines important support below its short-term average. Damaging violations would raise greater concerns. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : New Pivot Point Cited After Rebound Above 50-Day Moving Average - 1/5/2018 \| 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	$502.14	+0.55 0.11%	$510.57	40,819 313.99% of 50 DAV 50 DAV is 13,000	$502.38 -0.05%	12/21/2017	$419.50	PP = $435.09
								MB = $456.84
Most Recent Note - 1/10/2018 1:09:28 PM G - Hit yet another new high with today's gain backed by above average volume, getting more extended from the prior base. Disciplined investors avoid chasing stocks more than +5% above the prior high or pivot point. Prior highs in the $434 area define initial support to watch on pullbacks. >>> 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 INTERNET - Internet Service Providers	$127.48	-1.27 -0.99%	$129.36	833,426 56.70% of 50 DAV 50 DAV is 1,470,000	$131.99 -3.42%	12/29/2017	$113.06	PP = $123.58
								MB = $129.76
Most Recent Note - 1/9/2018 2:10:24 PM Y - Touched a new high today then reversed into the red after 3 consecutive gains marked by just average volume. Gains above the pivot point must have at least +40% above average volume to meet the guidelines for a proper technical buy signal. Its 50 DMA line ($106.61) defines support above the recent low ($98.50 on 12/06/17). This China-based Internet - Content firm's fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Touched a New High But Ended Below New Pivot Point Cited - 1/4/2018 \| 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	$154.66	-2.95 -1.87%	$157.82	384,007 57.92% of 50 DAV 50 DAV is 663,000	$159.35 -2.94%	12/22/2017	$138.07	PP = $142.90
								MB = $150.05
Most Recent Note - 1/9/2018 1:56:19 PM G - Color code is changed to green after rising back above its "max buy" level. Near term chart support is defined by the prior high $142.80. >>> 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	$65.50	-0.75 -1.13%	$66.15	130,938 89.68% of 50 DAV 50 DAV is 146,000	$71.13 -7.91%	10/26/2017	$90.90	PP = $87.90
								MB = $92.30
Most Recent Note - 1/10/2018 5:23:44 PM G - Recently retreated from its all-time high with volume indicative of distributional pressure. Its 50 DMA line and prior high coincide in the $64 area defining near-term support to watch. Fundamentals remain strong. Shares split 3/2 effective 12/11/17, so do not be confused by the impact on the share prices. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Pulled Back From Record High With Higher Volume - 1/10/2018 \| 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	$46.67	+0.98 2.14%	$46.86	700,133 80.20% of 50 DAV 50 DAV is 873,000	$47.29 -1.31%	10/9/2017	$39.75	PP = $41.54
								MB = $43.62
Most Recent Note - 1/9/2018 5:30:31 PM G - Consolidating above its 50 DMA line, not far from its all-time high. Recent lows in the $43.00 area define important support where more damaging losses would raise greater concerns. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Perched Near High After Brief Consolidation Below 50 DMA Line - 1/9/2018 \| 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	$65.76	-2.14 -3.15%	$67.97	1,264,687 111.82% of 50 DAV 50 DAV is 1,131,000	$73.55 -10.59%	1/2/2018	$69.16	PP = $68.99
								MB = $72.44
Most Recent Note - 1/10/2018 5:27:54 PM Y - Abruptly retreated from its all-time high, slumping toward its 50 DMA line ($62.98). That important short-term average defines near-term support above prior highs in the $57-58 area. Fundamentals remain very 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	$192.60	-2.25 -1.15%	$193.85	711,732 72.55% of 50 DAV 50 DAV is 981,000	$198.30 -2.87%	1/8/2018	$191.68	PP = $192.85
								MB = $202.49
Most Recent Note - 1/8/2018 5:24:38 PM Y - Finished strong today after highlighted in yellow with new pivot point cited based on its 11/24/17 high plus 10 cents. Gain and strong close above the pivot point backed by +215% above average volume triggered a convincing new (or add-on) technical buy signal. Recently found support above its 50 DMA line ($171.39). Subsequent losses leading to a violation may trigger a technical sell signal. Fundamentals remain very strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Technical Breakout With Volume-Driven Gain For New High - 1/8/2018 \| 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	$252.28	+2.30 0.92%	$255.93	621,956 68.27% of 50 DAV 50 DAV is 911,000	$252.33 -0.02%	1/8/2018	$248.88	PP = $245.75
								MB = $258.04
Most Recent Note - 1/8/2018 12:26:40 PM Y - Hitting a new high today after a choppy 6-week consolidation during which its 50 DMA line ($224.59) acted as support. Color code is changed to yellow with a new pivot point cited based on its 11/21/17 high plus 10 cents. Gains backed by at least +40% above average volume and a close above the pivot point may trigger a new (or add-on) technical buy signal. >>> FEATURED STOCK ARTICLE : Encountering Distributional Pressure After Wedging Near Prior High - 1/2/2018 \| 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	$66.53	-2.63 -3.80%	$69.14	2,625,560 216.45% of 50 DAV 50 DAV is 1,213,000	$74.81 -11.06%	6/21/2017	$47.33	PP = $46.94
								MB = $49.29
Most Recent Note - 1/10/2018 12:51:11 PM G - Undercutting its 50 DMA line ($67.71) today raising concerns after encountering distributional pressure on the prior session. Only a prompt rebound above the 50 DMA line would help its outlook improve. 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	$72.95	-3.20 -4.20%	$75.70	208,304 107.37% of 50 DAV 50 DAV is 194,000	$79.40 -8.12%	12/26/2017	$75.00	PP = $79.50
								MB = $83.48
Most Recent Note - 1/10/2018 5:25:45 PM Y - Ended near the session low with a loss today on higher (near average) volume. Volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Subsequent losses leading to violations of the 50 DMA line or recent low ($68.30 on 12/13/17) may trigger technical sell signals. Fundamentals remain very strong. >>> 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	$51.85	+0.85 1.67%	$51.90	576,401 99.90% of 50 DAV 50 DAV is 577,000	$54.30 -4.51%	11/21/2017	$46.78	PP = $47.00
								MB = $49.35
Most Recent Note - 1/8/2018 3:38:08 PM G - Churning above average volume and pulling back, consolidating after getting extended from any sound base. Its 50 DMA line ($48.27) defines important near-term support above prior highs in the $46 area. Fundamentals remain very 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	$48.73	+0.66 1.37%	$49.18	253,462 123.64% of 50 DAV 50 DAV is 205,000	$48.46 0.56%	1/3/2018	$45.88	PP = $47.09
								MB = $49.44
Most Recent Note - 1/8/2018 4:08:56 PM Y - Posted a gain with below average volume for a best-ever close. Color code was changed to yellow after an advanced "3-weeks tight" base was noted. New pivot point was cited based on its 12/18/17 high plus 10 cents. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($43.93) 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 : Tight Weekly Closes Formed Advanced Base Pattern - 1/3/2018 \| 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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