FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, January 18th, 2018

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AFTER MARKET UPDATE - THURSDAY, JANUARY 18TH, 2018

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Indices				NYSE			Nasdaq
DOW	-97.84	26,017.81	-0.37%	Volume	867,091,800	-5%	Volume	2,019,452,318	-10%
NASDAQ	-2.23	7,296.05	-0.03%	Advancers	823	28%	Advancers	891	35%
S&P 500	-4.53	2,798.03	-0.16%	Decliners	2,129	72%	Decliners	1,629	65%
Russell 2000	-9.93	1,576.73	-0.63%	52 Wk Highs	181		52 Wk Highs	160
S&P 600	-7.50	961.81	-0.77%	52 Wk Lows	91		52 Wk Lows	44

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

Stocks declined on Thursday’s session. The Dow fell 97 points to 26017. The S&P 500 lost 4 points to 2798 and the Nasdaq Composite was down 2 points to 7296. Volume totals reported were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers an 11-4 margin on the NYSE and nearly a 2-1 margin on the Nasdaq exchange. New 52-week highs totals contracted yet still solidly outnumbered new 52-week lows totals on the NYSE and on the Nasdaq exchange. There were 88 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus the total of 70 on the prior session. 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 pulled back from its record high. The Blue Chip index has rallied +21% from mid-August when it was testing support near its 50-day moving average (DMA) line. 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 retreated from yesterday’s record highs following updates on the economy and corporate earnings. On the data front, housing starts unexpectedly fell 8.2% while building permits slipped 0.1% in December. In a separate release, initial jobless claims fell to 220,000 in the most recent week - the lowest level since 1973.

Technology outperformed with Taiwan Semiconductor (TSM +3.34%) up after topping profit projections. International Business Machines (IBM +0.28%) edged higher ahead of its earnings announcement scheduled shortly after the close. In Financials, Bank of New York Mellon (BK -4.39%) fell while Morgan Stanley (MS +0.89%) rose after both firms revealed mixed quarterly results. Raw material producers were weak on the session. Alcoa (AA -7.00%) fell after missing earnings estimates. Albemarle (ALB -7.12%) fell on analyst concerns surrounding declining lithium prices. Wyndham Worldwide (WYN +4.78%) rose after announcing the acquisition of La Quinta’s hotel franchises for $1.95 billion in cash.

Treasuries were lower sending yields higher. The 10-year note yield was up four basis points to 2.62%, the highest level since March 2017. In commodities, NYMEX WTI crude fell 0.1% to $63.77/barrel. COMEX gold lost 0.9% to $1327.00/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.

Semiconductor Index Rose on Negative Session for Most Groups
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX -0.38%) and the Broker/Dealer Index ($XBD -0.93%) both ended lower while the Retail Index ($RLX -0.08%) finished flat on Thursday. The tech sector was led by a small gains from the Semiconductor Index ($SOX +0.46%) as the the Biotechnology Index ($BTK -0.23%) edged lower and the Networking Index ($NWX -1.19%) slumped. The Integrated Oil Index ($XOI -0.48%) edged lower while the Oil Services Index ($OSX -1.82%) and Gold & Silver Index ($XAU -1.74%) both suffered larger losses.

Charts courtesy wwwstockcharts.com

PICTURED: The Oil Services Index ($OSX -1.82%) is consolidating after an abrupt rally in recent weeks. Chart readers may note the crossover of the 50-day and 200-day moving averages as a bullish signal. That may be good news fans of the group who might have suffered in recent years. The fact-based investment system has shown that investors have most favorable odds when buying leading stocks that have shown strong and steady annual earnings (A criteria) in the past 3-5 years. However, very few companies in the energy group have done that due to the dynamism of oil prices and the market volatility, globally.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	158.54	-2.94	-1.82%	+6.01%
Integrated Oil	$XOI	1,418.27	-6.82	-0.48%	+6.19%
Semiconductor	$SOX	1,370.56	+6.27	+0.46%	+9.38%
Networking	$NWX	509.56	-6.13	-1.19%	+3.88%
Broker/Dealer	$XBD	278.82	-2.61	-0.93%	+5.12%
Retail	$RLX	1,883.51	-1.49	-0.08%	+8.64%
Gold & Silver	$XAU	87.57	-1.55	-1.74%	+2.70%
Bank	$BKX	112.75	-0.43	-0.38%	+5.66%
Biotech	$BTK	4,480.28	-10.16	-0.23%	+6.11%

Bargain Outlet Looked Expensive Before +114% Rally in 18 Months
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Ollie's Bargain Outlet (OLLI +$0.45 and +0.82% to $55.05) is perched near its all-time high, extended from any sound base. Its recent low ($50.15 on 1/04/18) and the 50-day moving average DMA line ($49.51) define important near-term support above prior highs in the $46 area.

Fundamentals remain very strong. Recently it reported earnings +29% on +18% sales revenues for the Oct '17 quarter, continuing its strong earnings track record and meeting the +25% minimum earnings guideline (C criteria). It has earned a very strong 97 Earnings Per Share (EPS) rating.

The Retail - Discount & Variety firm traded up as much as +114.42% since highlighted in yellow with a pivot point based on its 4/28/16 high plus 10 cents in 7/19/16 mid-day report (read here). OLLI was last shown in this FSU section on 12/20/17 with an annotated graph under the headline, "Extended From Latest Base and Perched Near Record High".

OLLI completed its $16 IPO on 7/16/15. It completed a Secondary Offerings on 6/06/16 and 2/18/16. The number of top-rated funds owning its shares rose from 98 in Sep '15 to 425 in Dec '17, a reassuring sign concerning the I criteria. Its current Up/Down Volume ratio of 1.8 is an unbiased indication its shares have been under accumulation over the past 50 days. The small supply of only 61.7 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling.

Charts courtesy 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	$152.63	-2.78 -1.79%	$155.85	605,558 102.29% of 50 DAV 50 DAV is 592,000	$159.17 -4.11%	12/19/2017	$153.92	PP = $156.96
								MB = $164.81
Most Recent Note - 1/12/2018 7:13:56 PM Y - Touched a new high today, but rather than rally it reversed into the red and ended the session with a loss on higher (near average) volume. Holding its ground in a tight range for the past 7 weeks. It has not yet produced gains above the pivot point backed by at least the +40% above average volume needed to trigger a new (or add-on) technical buy signal. Its 50 DMA line ($145.74) 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	$174.29	-1.45 -0.83%	$176.95	92,318 51.86% of 50 DAV 50 DAV is 178,000	$184.00 -5.28%	12/29/2017	$162.92	PP = $168.17
								MB = $176.58
Most Recent Note - 1/12/2018 7:19:50 PM Y - Posted a gain with light volume today for its 2nd best close ever, consolidating after triggering a technical buy signal last week. 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	$269.80	+3.99 1.50%	$270.06	2,968,068 91.20% of 50 DAV 50 DAV is 3,254,300	$285.68 -5.56%	1/5/2018	$271.62	PP = $285.78
								MB = $300.07
Most Recent Note - 1/12/2018 7:16:30 PM G - Color code is changed to green as its Relative Strength rating has slumped to 75, below the 80+ minimum guideline for buy candidates. Also sputtering below its 50 DMA line ($267.10) this week. 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	$551.90	+16.91 3.16%	$552.96	19,474 129.83% of 50 DAV 50 DAV is 15,000	$546.45 1.00%	12/21/2017	$419.50	PP = $435.09
								MB = $456.84
Most Recent Note - 1/17/2018 6:14:15 PM G - Posted a gain with average volume today for its second best close. Very 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	$136.02	+1.08 0.80%	$138.63	886,433 59.37% of 50 DAV 50 DAV is 1,493,000	$141.95 -4.18%	12/29/2017	$113.06	PP = $123.58
								MB = $129.76
Most Recent Note - 1/17/2018 6:16:29 PM G - Perched near its all-time high, consolidating after rising well above its "max buy" level. Recent gains above the pivot point lacked the necessary minimum +40% above average volume needed to meet the guidelines for a proper technical buy signal. Its 50 DMA line ($110) 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	$151.90	+2.98 2.00%	$155.99	584,916 88.36% of 50 DAV 50 DAV is 662,000	$159.35 -4.68%	12/22/2017	$138.07	PP = $142.90
								MB = $150.05
Most Recent Note - 1/16/2018 3:43:38 PM Y - Encountering distributional pressure with today's big loss on above average volume. Color code is changed to yellow after retreating below its "max buy" level. Important 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	$68.00	+2.90 4.45%	$68.00	465,688 316.79% of 50 DAV 50 DAV is 147,000	$71.13 -4.39%	10/26/2017	$90.90	PP = $87.90
								MB = $92.30
Most Recent Note - 1/18/2018 1:04:06 PM G - Finding support today after a volume-driven loss testing prior highs in the $64 area and its 50 DMA line ($64.89) while undercutting last week's low. More damaging losses would raise greater concerns. Fundamentals remain strong. Shares split 3/2 effective 12/11/17. >>> 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	$48.36	+0.47 0.98%	$49.00	848,612 10.10% of 50 DAV 50 DAV is 8,404,000	$48.57 -0.43%	10/9/2017	$39.75	PP = $41.54
								MB = $43.62
Most Recent Note - 1/12/2018 7:21:39 PM G - extended from any sound base, it hit a new all-time high with today's 7th consecutive gain. Recent lows in the $43.00 area define important support where more damaging losses would raise greater concerns. >>> 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	$66.79	-0.01 -0.01%	$67.54	663,507 57.75% of 50 DAV 50 DAV is 1,149,000	$73.55 -9.19%	1/2/2018	$69.16	PP = $68.99
								MB = $72.44
Most Recent Note - 1/12/2018 7:29:19 PM Y - Recent low ($64.73 on 1/10/18) defines important near term support above its 50 DMA line ($63.46) while consolidating. Weak action on 1/08/18 negated a recent breakout from an advanced "3 weeks tight" base. Fundamentals remain very strong. >>> FEATURED STOCK ARTICLE : Consolidating After Negating Breakout From Advanced Base - 1/17/2018 \| 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	$205.60	+2.15 1.06%	$208.20	941,740 98.00% of 50 DAV 50 DAV is 961,000	$205.00 0.29%	1/8/2018	$191.68	PP = $192.85
								MB = $202.49
Most Recent Note - 1/17/2018 6:10:26 PM G - Color code is changed to green after quietly rising above its "max buy" level. Stubbornly held its ground since its gain on 1/08/18 triggered a convincing new (or add-on) technical buy signal. Near term support is at its 50 DMA line ($178.23). Subsequent losses leading to a violation may trigger a technical sell signal. Fundamentals remain very strong. >>> 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	$265.19	+2.38 0.91%	$268.12	633,758 72.10% of 50 DAV 50 DAV is 879,000	$264.61 0.22%	1/8/2018	$248.88	PP = $245.75
								MB = $258.04
Most Recent Note - 1/17/2018 6:12:26 PM G - Color code is changed to green after rising back above its "max buy" level. Prior highs in the $245 area define initial support to watch above its 50 DMA line ($232). >>> 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
PAYC - NYSE Paycom Software Inc COMPUTER SOFTWARE and SERVICES - Application Software	$89.12	+0.77 0.87%	$89.90	603,859 113.51% of 50 DAV 50 DAV is 532,000	$90.92 -1.97%	1/12/2018	$87.93	PP = $86.20
								MB = $90.51
Most Recent Note - 1/16/2018 6:39:48 PM Y - There was a "negative reversal" today for a loss with above average volume after hitting a new all-time high. Prior highs near $86 define initial support to watch. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Finished Strong With Big Gain on +118% Above Average Volume - 1/12/2018 \| 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	$70.34	-0.46 -0.65%	$71.51	733,066 61.14% of 50 DAV 50 DAV is 1,199,000	$74.81 -5.97%	6/21/2017	$47.33	PP = $46.94
								MB = $49.29
Most Recent Note - 1/12/2018 6:58:09 PM G - Found prompt support near its 50 DMA line ($68.06) this week and rose further today on higher volume helping its outlook improve. Subsequent losses undercutting the latest low ($66.28) would raise greater concerns. See the latest FSU for additional details and an annotated graph. >>> FEATURED STOCK ARTICLE : Prompt Rebound Above 50-Day Moving Average Helped Outlook - 1/11/2018 \| 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	$74.00	-0.30 -0.40%	$75.00	219,050 107.91% of 50 DAV 50 DAV is 203,000	$79.40 -6.80%	12/26/2017	$75.00	PP = $79.50
								MB = $83.48
Most Recent Note - 1/17/2018 6:08:34 PM Y - Posted a solid gain on even higher volume today while consolidating in an orderly fashion above its 50 DMA line ($72.03). 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	$55.05	+0.45 0.82%	$55.23	330,987 55.72% of 50 DAV 50 DAV is 594,000	$56.65 -2.82%	11/21/2017	$46.78	PP = $47.00
								MB = $49.35
Most Recent Note - 1/18/2018 5:30:35 PM G - Extended from any sound base. Its 50 DMA line and recent low define important near-term support above prior highs in the $46 area. Fundamentals remain very strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Bargain Outlet Looked Expensive Before +114% Rally in 18 Months - 1/18/2018 \| 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
WB - NASDAQ Weibo Corp Cl A Ads INTERNET - Content	$129.62	+0.42 0.33%	$130.82	1,438,506 75.83% of 50 DAV 50 DAV is 1,897,000	$130.89 -0.97%	1/16/2018	$126.33	PP = $122.21
								MB = $128.32
Most Recent Note - 1/17/2018 6:06:51 PM G - Color code is changed to green after quickly rallying and closing above its "max buy" level. Gain on prior session was backed by +60% above average volume and it closed above the pivot point, clinching a technical buy signal. Highlighted in yellow on 1/16/18 in the mid-day report with pivot point cited based on its 1/08/18 high after an 8-week cup-with-handle base. Limited annual earnings (A criteria) history for this China-based Internet - Content firm remains a concern. See the latest FSU analysis and an annotated graph. >>> FEATURED STOCK ARTICLE : Close in Session's Lower Third a Sign of Distributional Pressure - 1/16/2018 \| 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	$50.25	+0.03 0.06%	$50.49	166,567 86.75% of 50 DAV 50 DAV is 192,000	$51.45 -2.33%	1/3/2018	$45.88	PP = $47.09
								MB = $49.44
Most Recent Note - 1/12/2018 7:07:14 PM G - Color code is changed to green after rallying above its "max buy" with +54% above average volume behind today's 5th consecutive gain. Its 50 DMA line ($44.55) defines near-term support to watch on pullbacks. On 10/26/17 it completed 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

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