FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, JANUARY 29TH, 2021

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Indices				NYSE			Nasdaq
DOW	-620.74	29,982.62	-2.03%	Volume	1,553,044,329	+15%	Volume	7,745,896,100	-20%
NASDAQ	-273.58	13,063.57	-2.05%	Advancers	865	28%	Advancers	1,164	31%
S&P 500	-73.14	3,714.24	-1.93%	Decliners	2,175	72%	Decliners	2,580	69%
Russell 2000	-32.97	2,073.64	-1.56%	52 Wk Highs	54		52 Wk Highs	86
S&P 600	-18.07	1,188.71	-1.50%	52 Wk Lows	5		52 Wk Lows	23

TODAY'S SPECIAL NOTICE

Today's Big Gainers

SYM	NAME	CLOSE	CHG	% CHG
FLGT	Fulgent Genetics, Inc.	110.49	18.00	19.46%
OPY	Oppenheimer Holdings Inc.	34.67	4.02	13.12%
PW	Power REIT	37.75	4.34	12.99%
ELA	Envela Corporation	6.26	0.38	6.46%
UI	Ubiquiti Inc.	307.99	9.42	3.16%
MSGN	MSG Networks Inc.	17.27	0.51	3.04%
SLP	Simulations Plus, Inc.	79.14	2.23	2.90%
DDOG	Datadog Inc.	102.75	2.75	2.75%
BGFV	Big 5 Sporting Goods Corp.	13.02	0.34	2.68%
RGEN	Repligen Corp.	200.00	4.27	2.18%

Market Clearly Faced Pressure This Week as Leadership Thinned
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow fell 620 points, extending its weekly decline to 3.3%. The S&P 500 slid 1.9% for the day and 3.3% for the week. The Nasdaq Composite retreated 2%, capping a 3.5% drop for the week. The downward pressure this week pushed the Dow and S&P 500 into negative for the year, with the benchmarks ending the month 2.0% and 1.1% lower, respectively. The Nasdaq Composite bucked the downtrend, remaining 1.4% higher in January. The volume totals on Friday were mixed, higher than the prior session on the NYSE and lighter on the Nasdaq exchange. Decliners led advancers by more than a 2-1 margin on the NYSE and on the Nasdaq exchange. There were 16 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 25 on the prior session, and down abruptly from 96 on Monday. New 52-week highs totals contracted again but still outnumbered the new 52-week lows totals. The major indices clearly saw their uptrend come under pressure (M criteria) this week while leadership thinned. Investors are reminded to always make buying and selling decisions based based on the strict criteria and rules of the fact-based investment system.

Chart courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index pulled back testing its 50-day moving average (DMA) line with higher volume behind losses this week from its record high.

U.S. equities ended firmly lower on Friday, capping Wall Street’s worst week for stocks since late October. Volatility remained elevated on a number of small-cap stocks favored by some retail investors on Friday. Also weighing on sentiment was disappointing COVID-19 vaccine updates, with Johnson & Johnson (JNJ -3.56%) noting lower efficacy of its single shot inoculation against certain variants of the virus. Meanwhile, Novavax (NVAX +64.87%) rallied after it reported its vaccine was 90% effective overall, but only 60% effective in the highly contagious South African strain.

On the data front, personal income ticked up 0.6% in December, while spending fell 0.2%. The core PCE deflator (ex-food and energy), climbed 1.5% year-over-year. Treasuries declined, with the yield on the 10-year note adding two basis points to 1.07%.

All 11 S&P 500 sectors finished in negative territory, with nine groups shedding more than 1%. Energy stocks led laggards with Chevron (CVX -4.27%) fell after reporting a surprise loss in the most recent quarter. In other earnings, Mondelez (MDLZ -2.94%) fell despite fourth quarter earnings and revenue coming in above consensus estimates. Drug maker Eli Lilly (LLY -0.96%) fell despite its profit tally beating on the top and bottom line.

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, Tech, and Energy-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -2.51%) and Broker/Dealer Index ($XBD -2.04%) created a drag on the major indices along with the Retail Index ($RLX -1.65%). The Gold & Silver Index ($XAU -0.07%) finished flat while the Integrated Oil Index ($XOI -3.87%) and Oil Services Index ($OSX -1.16%) both slumped. The tech sector also had a negative bias as the Semiconductor Index ($SOX -1.71%) Networking Index ($NWX -1.77%) both outpaced the Biotech Index ($BTK -0.49%) to the downside.

Chart courtesy of www.stockcharts.com

PICTURED: The Oil Services Index ($OSX -1.16%) is consolidating above its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	46.76	-0.55	-1.16%	+5.48%
Integrated Oil	$XOI	812.58	-32.68	-3.87%	+2.54%
Semiconductor	$SOX	2,884.93	-50.19	-1.71%	+3.20%
Networking	$NWX	758.29	-13.70	-1.77%	+5.74%
Broker/Dealer	$XBD	377.72	-7.85	-2.04%	+0.03%
Retail	$RLX	3,521.31	-59.15	-1.65%	-1.17%
Gold & Silver	$XAU	138.59	-0.09	-0.07%	-3.88%
Bank	$BKX	97.78	-2.52	-2.51%	-0.13%
Biotech	$BTK	5,984.62	-29.64	-0.49%	+4.28%

Testing Important Support on Pullback
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Charles River Labs Intl (CRL -$1.83 or -0.70% to $259.05) pulled back further with lighter volume behind today's loss. The prior high ($257) and support at its 50-day moving average DMA line ($250.46) were tested with the pullback this week. More damaging losses would raise concerns and trigger technical sell signals.

It is due to report Dec '20 quarterly results on 2/17/21. Volume and volatility often increase near earnings news. CRL reported Sep '20 quarterly earnings +38% on +11% sales revenues versus the year ago period, above the +25% minimum earnings guideline (C criteria). It now has a 90 Earnings Per Share Rating. Annual earnings (A criteria) history has been strong and steady.

It hails from the Medical - Research Equipment/Services industry group which currently has a mediocre C(37) Group Relative Strength Rating (L criteria). CRL traded up as much as +29.9% since it was highlighted in yellow with pivot point cited based on its 6/03/20 high plus 10 cents in the 7/15/20 mid-day report (read here). It was last shown in this FSU section on 1/05/21 with an annotated graph under the headline, "Hovering in Tight Range Holding Ground Near High".

The number of top-rated funds owning its shares rose from 681 in Dec '19 to 810 in Dec '20, and its Up/Down Volume Ratio is 1.0 is an unbiased indication its shares have been neutral concerning accumulation/distribution over the past 50 days. There is a small number of only 49.7 million shares (S criteria) outstanding, which can contribute to greater price volatility in the event of institutional buying or selling.

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
CRL - NYSE Charles River Labs Intl DRUGS - Biotechnology	$259.05	-1.83 -0.70%	$262.54	229,289 82.87% of 50 DAV 50 DAV is 276,700	$284.60 -8.98%	12/17/2020	$247.06	PP = $257.98
								MB = $270.88
Most Recent Note - 1/29/2021 5:07:35 PM Y - Pulled back with lighter volume today. Losses this week tested the prior high ($257) and its 50 DMA line ($250.46). Reported Sep '20 quarterly earnings +38% on +11% sales revenues versus the year ago period, above the +25% minimum earnings guideline (C criteria). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Testing Important Support on Pullback - 1/29/2021 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AMD - NYSE Advanced Micro Devices ELECTRONICS - Semiconductor - Broad Line	$85.64	-1.88 -2.15%	$88.33	56,415,113 127.89% of 50 DAV 50 DAV is 44,111,200	$99.23 -13.70%	11/18/2020	$82.54	PP = $88.72
								MB = $93.16
Most Recent Note - 1/27/2021 4:51:15 PM G - Fundamentals remain strong after it reported Dec '20 quarterly earnings +63% on +53% sales revenues versus the year ago period. Color code is changed to green after today's damaging volume-driven loss violated the 50 DMA line ($91.14) hurting its outlook. Its current Relative Strength rating of 77 is still below the 80+ minimum guideline for buy candidates. >>> FEATURED STOCK ARTICLE : Distributional Pressure Brings Pullback Below "Max Buy" Level - 1/13/2021 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TER - NASDAQ Teradyne Inc ELECTRONICS - Semiconductor Equipment and Mate	$113.48	-6.46 -5.39%	$119.72	4,652,807 313.11% of 50 DAV 50 DAV is 1,486,000	$143.40 -20.86%	10/21/2020	$92.22	PP = $93.54
								MB = $98.22
Most Recent Note - 1/29/2021 5:05:35 PM Today's big volume-driven loss more deeply violated its 50 DMA line ($121.17) after prior damaging losses raised concerns and triggered a technical sell signal. A rebound above the 50 DMA line is needed for its outlook to improve. It will be dropped from the Featured Stocks list. >>> FEATURED STOCK ARTICLE : Traded +55.5% Higher in 3 Months Since Featured - 1/25/2021 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AMRC - NYSE Ameresco Inc Cl A ENERGY - Alternative	$56.09	-0.04 -0.07%	$58.41	530,567 123.39% of 50 DAV 50 DAV is 430,000	$63.45 -11.60%	12/15/2020	$46.72	PP = $47.10
								MB = $49.46
Most Recent Note - 1/27/2021 4:47:59 PM G - Suffered a large volume-driven loss today retreating from its all-time high. It remains very extended from any sound base. Its 50 DMA line ($50.05) and prior highs in the $46-47 area define important near-term support to watch. >>> FEATURED STOCK ARTICLE : Very Extended From Base After Another Powerful Gain - 1/6/2021 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TREX - NYSE Trex Company Inc MATERIALS and CONSTRUCTION - General Building Materials	$91.77	-0.20 -0.22%	$92.62	902,783 131.79% of 50 DAV 50 DAV is 685,000	$104.35 -12.06%	6/26/2020	$54.53	PP = $66.47
								MB = $69.79
Most Recent Note - 1/25/2021 1:10:40 PM G - Off earlier highs after rallying for new all-time highs with 4 consecutive gains. Prior highs in the $80-81 area define important support to watch coinciding with its 50 DMA line ($81.89). Sep '20 quarterly earnings were +14% on +19% sales revenues versus the year ago period, below the +25% minimum guideline (C criteria) raising fundamental concerns. >>> FEATURED STOCK ARTICLE : Hit New All-Time High With Gain Backed by Average Volume - 1/19/2021 \| 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
CLFD - NASDAQ Clearfield Inc TELECOMMUNICATIONS - Cables / Satalite Equipment	$31.41	-2.02 -6.04%	$34.75	325,841 273.82% of 50 DAV 50 DAV is 119,000	$37.54 -16.33%	1/20/2021	$31.38	PP = $28.42
								MB = $29.84
Most Recent Note - 1/29/2021 12:06:36 PM G - Reported Dec '20 quarterly earnings +475% on +40% sales revenues versus the year ago period, continuing its strong earning track record. Prior highs in the $28 area define initial support to watch on pullbacks. Found prompt support at its 50 DMA line and upward trendline when consolidating. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Perched Near Record High With Earnings Report Due Soon - 1/27/2021 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NOW - NYSE Servicenow Inc Computer Sftwr-Enterprse	$543.16	-11.08 -2.00%	$552.00	2,289,045 174.23% of 50 DAV 50 DAV is 1,313,800	$566.74 -4.16%	8/20/2020	$453.34	PP = $454.79
								MB = $477.53
Most Recent Note - 1/28/2021 12:42:24 PM G - Gapped up today promptly rebounding above its 50 DMA line ($531) and challenging its prior high. Fundamental concerns remain after it reported Dec '20 quarterly earnings +22% on +31% sales revenues versus the year ago period, its 2nd consecutive comparison below the +25% minimum guideline (C criteria) of the fact-based investment system. >>> FEATURED STOCK ARTICLE : Gain Today and Rebound Above 50-Day Moving Average Line - 1/8/2021 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SMPL - NASDAQ Simply Good Foods Co Food-Confectionery	$28.54	-0.24 -0.83%	$29.43	500,702 39.71% of 50 DAV 50 DAV is 1,261,000	$32.03 -10.90%	12/28/2020	$30.40	PP = $31.44
								MB = $33.01
Most Recent Note - 1/25/2021 6:07:30 PM G - Posted a big gain today with lighter than average volume. Its Relative Strength Rating is still 68, well below the 80+ minimum guideline. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Relative Strength Rating Suffered During Stalling Action - 1/21/2021 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ALRM - NASDAQ Alarm.com Holdings Inc Security/Sfty	$92.92	-2.75 -2.87%	$96.57	406,619 87.26% of 50 DAV 50 DAV is 466,000	$108.67 -14.49%	11/6/2020	$71.88	PP = $74.76
								MB = $78.50
Most Recent Note - 1/29/2021 5:10:29 PM G - It was down again today with lighter than average volume, slumping near the 50 DMA line ($89.52) which defines important near-term support to watch. >>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure After Big Rally - 1/20/2021 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TEAM - NASDAQ Atlassian Corp Plc Comp Sftwr-Spec Enterprs	$231.13	+4.11 1.81%	$234.27	2,987,300 189.31% of 50 DAV 50 DAV is 1,578,000	$250.03 -7.56%	10/12/2020	$193.77	PP = $199.60
								MB = $209.58
Most Recent Note - 1/29/2021 12:50:46 PM G - Sputtering below its 50 DMA line ($228) which acted as resistance after a violation raised concerns. Recent low ($208.62 on 1/27/21) defines important near-term support to watch. Its current Relative Strength Rating is 62, below the +80 minimum guideline for buy candidates. Earnings rose +7% on +26% sales revenues for the Sep '20 quarter versus the year ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. >>> FEATURED STOCK ARTICLE : Relative Strength Rating Remains Below 80+ Minimum Guideline - 1/11/2021 \| 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
SHOP - NYSE Shopify Inc Cl A Computer Sftwr-Enterprse	$1,098.59	-21.98 -1.96%	$1,124.81	988,995 76.79% of 50 DAV 50 DAV is 1,288,000	$1,285.19 -14.52%	12/16/2020	$1,146.00	PP = $1,147.01
								MB = $1,204.36
Most Recent Note - 1/27/2021 4:54:10 PM G - Violated its 50 DMA line ($1,105) with today's big volume-driven loss raising concerns and its color code is changed to green. Prior low ($1,076 on 1/06/21) defines the next important support to watch. >>> FEATURED STOCK ARTICLE : Rebounded After Undercutting Prior Highs - 1/7/2021 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
YETI - NYSE Yeti Holdings Inc Leisure-Products	$65.82	-3.15 -4.57%	$69.63	924,062 66.91% of 50 DAV 50 DAV is 1,381,000	$80.89 -18.63%	11/5/2020	$57.25	PP = $55.14
								MB = $57.90
Most Recent Note - 1/28/2021 5:33:03 PM G - Quietly consolidating near its 50 DMA line ($68.54) which has been acting as support. More damaging losses would raise concerns and trigger a technical sell signal. >>> FEATURED STOCK ARTICLE : 50-Day Moving Average and Prior Lows Define Near-Term Support - 1/22/2021 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
BJ - NYSE BJs Wholesale Club Hldgs Retail-DiscountandVariety	$42.07	-1.58 -3.62%	$45.50	3,910,011 144.30% of 50 DAV 50 DAV is 2,709,600	$50.18 -16.16%	1/28/2021	$44.74	PP = $47.56
								MB = $49.94
Most Recent Note - 1/29/2021 5:09:05 PM Y - Suffered a 2nd consecutive loss today with above average volume. Finished weak on the prior session after highlighted in yellow with pivot point cited based on its 8/26/21 high. Abruptly retreated after a volume-driven breakout on the prior session capped a 7 session winning streak. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Pulled Back After Breakout Capped 7-Day Winning Streak - 1/28/2021 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
DOCU - NASDAQ Docusign Inc Computer Sftwr-Enterprse	$232.89	-1.25 -0.53%	$235.64	1,940,272 54.70% of 50 DAV 50 DAV is 3,547,000	$290.23 -19.76%	1/12/2021	$253.50	PP = $256.10
								MB = $268.91
Most Recent Note - 1/27/2021 5:01:40 PM G - Color code is changed to green after today's 3rd big loss with near average volume raised concerns and triggered a technical sell signal by violating its 50 DMA line ($233). Only a prompt rebound above the 50 DMA line would help its outlook improve. The prior low ($216.50 on 1/04/21) defines the next important support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Twice Average Volume Behind Breakout Gain - 1/12/2021 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AAXN - NASDAQ Axon Enterprise Inc Security/Sfty	$164.16	+0.19 0.12%	$168.97	355,895 57.65% of 50 DAV 50 DAV is 617,300	$180.69 -9.15%	12/22/2020	$127.84	PP = $130.51
								MB = $137.04
Most Recent Note - 1/25/2021 6:05:38 PM G - Getting more extended from any sound base, it hit yet another new all-time high with today's gain on average volume. Prior high ($134) defines initial support to watch. Found prompt support near its 50 DMA line ($130) during the recent consolidation. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Hit New Highs With Streak of Big Volume-Driven Gains - 1/15/2021 \| 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
QTWO - NYSE Q2 Holdings Inc Computer Sftwr-Financial	$127.99	-3.43 -2.61%	$131.53	557,779 117.67% of 50 DAV 50 DAV is 474,000	$142.76 -10.35%	11/12/2020	$105.14	PP = $106.54
								MB = $111.87
Most Recent Note - 1/26/2021 6:02:04 PM G - Perched at its all-time high, extended from any sound base. Its 50 DMA line ($121.54) defines important near term support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Perched Near All-Time High Stubbornly Holding Ground - 1/26/2021 \| 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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