FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, AUGUST 16TH, 2019

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Indices				NYSE			Nasdaq
DOW	+306.62	25,886.01	+1.20%	Volume	860,899,160	-2%	Volume	1,956,197,229	-9%
NASDAQ	+129.37	7,895.99	+1.67%	Advancers	2,285	79%	Advancers	2,432	78%
S&P 500	+41.08	2,888.68	+1.44%	Decliners	618	21%	Decliners	668	22%
Russell 2000	+31.99	1,493.64	+2.19%	52 Wk Highs	156		52 Wk Highs	67
S&P 600	+20.14	919.62	+2.24%	52 Wk Lows	65		52 Wk Lows	111

Breadth Was Positive and Leadership Improved as Major Indices Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Despite Friday’s gains, the major averages capped their third consecutive weekly decline. The Dow retreated 1.5%, the S&P 500 slid 1.0%, and the Nasdaq lost 0.8%. Volume totals reported were lighter than the prior session totals on the NYSE and on the Nasdaq exchange, indicative of less buying conviction from the institutional crowd. Advancers decisively led decliners by almost a 4-1 margin on the NYSE and on the Nasdaq exchange. Leadership improved as there were 38 high-ranked companies from the Leaders List hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 18 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE but new lows outnumbered new highs on the Nasdaq exchange. The Featured Stocks Page provides the most timely analysis on high-ranked leaders.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index pulled back this week yet avoided undercutting the recent low. A follow-through day on 8/13/19 marked a bullish shift concerning the M criteria of the fact-based investment system, giving investors a green light to make carefully selected new buying efforts. Subsequent losses below prior low would technically kill the new rally.

Stocks rallied on Friday as rising expectations for additional stimulus in Europe helped subdue fears of a slowdown in global growth. Optimistic comments on the trade front from President Trump and yesterday’s positive retail sales figures also helped to buoy investor sentiment. In a press conference on Thursday, President Trump revealed he still anticipates face-to-face negotiations to take place next month and does not foresee a prolonged trade war with China. Meanwhile, Treasuries were mixed with the longer-dated yields rebounding from record lows. The benchmark 10-year note yield climbed six basis points to 1.56%, while the yield on the 30-year bond rose to 2.03%.

On the data front, housing starts declined more than anticipated in July, while building permits jumped the most since June 2017. Another release showed a preliminary reading on consumer sentiment fell to a seven-month low in August.

All 11 S&P 500 sectors finished higher, with nine groups adding more than 1%. Industrial stocks paced the gains with Deere & Co (DE +3.84%) up despite falling short of consensus profit estimates and lowering its forward guidance. The Technology sector also outperformed with NVDIA (NVDA +7.25%) rallying after the chipmaker topped analyst expectations on both the top and bottom line. In commodities, WTI crude rose 0.8% to $54.92/barrel while COMEX gold fell 0.5% to $1,512.50/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.

Financial, Tech, Retail, and Energy-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Broker/Dealer Index ($XBD +2.13%) and the Bank Index ($BKX +2.54%) both outpaced the Retail Index ($RLX +1.08%). The tech sector had a positive bias as the Semiconductor Index ($SOX +2.78%) and the Biotech Index ($BTK +2.24%) outpaced the Networking Index ($NWX +0.84%). The Integrated Oil Index ($XOI +0.95%) and the Oil Services Index ($OSX +3.95%) also rallied. Meanwhile, the Gold & Silver Index ($XAU -1.05%) was a standout decliner.

Charts courtesy of www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI +0.96%) has recently been slumping below its 50-day moving average (DMA) line, toward multi-year lows.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	62.58	+2.37	+3.94%	-22.36%
Integrated Oil	$XOI	1,155.72	+10.94	+0.96%	-0.29%
Semiconductor	$SOX	1,479.25	+39.96	+2.78%	+28.05%
Networking	$NWX	545.13	+4.51	+0.83%	+11.55%
Broker/Dealer	$XBD	249.92	+5.27	+2.15%	+5.30%
Retail	$RLX	2,263.81	+24.22	+1.08%	+16.01%
Gold & Silver	$XAU	92.84	-0.98	-1.04%	+31.39%
Bank	$BKX	91.57	+2.27	+2.54%	+6.74%
Biotech	$BTK	4,559.48	+100.21	+2.25%	+8.02%

Consolidating Near 50-Day Moving Average Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Trade Desk Inc Cl A (TTD +$5.10 or +2.09% to $248.62) is consolidating near its 50-day moving average (DMA) line ($247.54) which defines important support. More damaging losses would raise concerns and trigger a technical sell signal.

Fundamentals remain strong after it recently it reported Jun '19 quarterly earnings +58% on +42% sales revenues. Seven of the past 8 quarterly comparisons were well above the +25% minimum guideline (C criteria). Its annual earnings (A criteria) history has been strong, and it has a highest possible 99 Earnings Per Share Rating.

The high-ranked Comml Svcs-Advertising firm was last shown in this FSU section on 7/18/19 with an annotated graph under the headline, "Endured Distributional Pressure While Building on New Base". The number of top-rated funds owning its shares rose from 280 in Mar '18 to 544 in Jun '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have been under slight distributional pressure over the past 50 days. It has a Timeliness Rating of A and a Sponsorship Rating of B. There are only 44.5 million shares outstanding (S criteria) which can contribute to greater volatility in the event of institutional buying or selling.

Charts 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
SPSC - NASDAQ S P S Commerce Inc COMPUTER SOFTWARE and SERVICES - Application Software	$103.76	+1.56 1.53%	$104.46	71,726 56.93% of 50 DAV 50 DAV is 126,000	$118.28 -12.28%	6/7/2019	$107.72	PP = $115.10
								MB = $120.86
Most Recent Note - 8/16/2019 4:50:10 PM G - Color code is changed to green after slumping below its 50 DMA line ($105.26), meanwhile its Relative Strength Rating has fallen to 70, below the 80+ minimum guideline for buy candidates. Stalled after a gap up and big volume-driven gain noted on 7/26/19. Subsequent gains and a strong close above the pivot point may clinch a convincing new (or add-on) technical buy signal. Reported earnings +22% on +12% sales revenues for the Jun '19 quarter, slightly under the +25% minimum earnings guideline (C criteria), raising fundamental concerns. >>> FEATURED STOCK ARTICLE : Found Support at 50-Day Average - 8/8/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
EPAM - NYSE Epam Systems Inc COMPUTER SOFTWARE and SERVICES - Information Technology Service	$188.02	+3.54 1.92%	$188.38	244,419 58.33% of 50 DAV 50 DAV is 419,000	$201.00 -6.46%	5/9/2019	$169.25	PP = $180.55
								MB = $189.58
Most Recent Note - 8/14/2019 5:55:01 PM G - Quietly slumped to a close below its 50 DMA line hurting its outlook and its color code is changed to green. Reported earnings +27% on +24% sales revenues for the Jun '19 quarter. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Rebounded Above 50-Day Average Following Earnings Report - 8/12/2019 \| 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	$17.52	+0.27 1.57%	$17.72	86,463 48.85% of 50 DAV 50 DAV is 177,000	$19.74 -11.25%	7/15/2019	$17.10	PP = $17.54
								MB = $18.42
Most Recent Note - 8/14/2019 12:09:28 PM Y - Pulling back with higher volume today while testing prior highs in the $17 area and its 50 DMA line ($16.67) noted as important support. Reported earnings +57% on +14% sales revenues for the Jun '19 quarter, continuing its strong earnings track record. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Volume Totals Cooling as Bullish Action Continues - 8/13/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LHCG - NASDAQ L H C Group Inc HEALTH SERVICES - Home Health Care	$121.62	+2.00 1.67%	$123.97	207,582 93.09% of 50 DAV 50 DAV is 223,000	$129.37 -5.99%	7/1/2019	$110.94	PP = $122.20
								MB = $128.31
Most Recent Note - 8/15/2019 4:16:53 PM G - Still sputtering near its 50 DMA line ($120). Any breach of recent low ($116.67 on 8/13/19) would raise more serious concerns. Reported earnings +27% on +3% sales revenues for the Jun '19 quarter. Prior quarterly comparisons showed much stronger sales revenues growth. Recent gains above its pivot point were not backed by the +40% above average volume needed to trigger a proper new (or add-on) technical buy signal. >>> FEATURED STOCK ARTICLE : Consolidating Following a Negative Reversal at High - 7/22/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CHDN - NASDAQ Churchill Downs Inc LEISURE - Gaming Activities	$118.80	+2.06 1.76%	$119.30	123,828 50.54% of 50 DAV 50 DAV is 245,000	$132.73 -10.49%	7/22/2019	$118.45	PP = $118.89
								MB = $124.83
Most Recent Note - 8/14/2019 5:50:05 PM Y - Found support recently above its 50 DMA line ($116.55). Reported Jun '19 earnings rose +10% on +26% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria). The prior low ($113.88 on 8/05/19) defines the next important near-term support to watch below its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Recently Found Support at 50-Day Moving Average - 8/14/2019 \| 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
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$177.83	+2.39 1.36%	$179.54	970,808 47.94% of 50 DAV 50 DAV is 2,025,000	$194.25 -8.45%	6/13/2019	$174.48	PP = $179.60
								MB = $188.58
Most Recent Note - 8/15/2019 4:14:45 PM G - Still sputtering below its 50 DMA line ($182.81) which may act as resistance. A rebound above the 50 DMA line is needed to help its technical stance improve. Reported Apr '19 quarterly earnings +35% on +20% sales revenues versus the year ago period. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Sputtering After Slump Below 50-Day Moving Average - 8/15/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ULTA - NASDAQ Ulta Beauty Inc SPECIALTY RETAIL - Specialty Retail, Other	$322.03	+1.59 0.50%	$327.89	562,766 82.64% of 50 DAV 50 DAV is 681,000	$368.83 -12.69%	3/15/2019	$341.27	PP = $322.59
								MB = $338.72
Most Recent Note - 8/15/2019 1:26:59 PM G - Testing its 200 DMA line ($317) today. Technical weakness raised concerns, and a rebound above its 50 DMA line ($347) is needed for its outlook to improve. Reported earnings +17% on +13% sales revenues for the Apr '19 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. >>> FEATURED STOCK ARTICLE : Ulta Beauty Sputtering Below 50-Day Moving Average - 8/7/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CHGG - NYSE Chegg Inc Consumer Svcs-Education	$40.46	+0.92 2.33%	$40.58	1,392,187 91.29% of 50 DAV 50 DAV is 1,525,000	$48.22 -16.09%	7/8/2019	$44.11	PP = $41.79
								MB = $43.88
Most Recent Note - 8/14/2019 5:53:24 PM G - Color code is changed to green after a more damaging loss raised concerns and triggered a technical sell signal. Slumped below prior highs in the $40-41 area and below its 50 DMA line ($41.53). A prompt rebound above the 50 DMA line is needed for its outlook to improve. Reported earnings +92% on +26% sales revenues for the Jun '19 quarter. >>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs and 50-Day Average - 8/6/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
VEEV - NYSE Veeva Systems Inc Cl A Computer Sftwr-Medical	$160.34	+1.74 1.10%	$162.00	695,314 49.70% of 50 DAV 50 DAV is 1,399,000	$176.90 -9.36%	5/30/2019	$154.32	PP = $145.80
								MB = $153.09
Most Recent Note - 8/15/2019 4:17:33 PM G - Still sputtering below its 50 DMA line ($165.56) which acted as resistance after volume-driven losses. A rebound above the 50 DMA line is needed for its outlook to improve. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Recently Found Support Near 50-Day Moving Average - 8/1/2019 \| 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	$241.42	+6.28 2.67%	$242.21	344,117 54.19% of 50 DAV 50 DAV is 635,000	$246.85 -2.20%	2/6/2019	$171.66	PP = $164.18
								MB = $172.39
Most Recent Note - 8/14/2019 5:57:58 PM G - Fell near its 50 DMA line ($230.89) today while still building on a new flat base. Reported earnings +27% on +31% sales revenues for the Jun '19 quarter, continuing its strong earnings track record. >>> FEATURED STOCK ARTICLE : Found Support and Gapped Up Following Earnings Report - 8/2/2019 \| 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
BLD - NYSE Topbuild Corp Bldg-Constr Prds/Misc	$90.30	+0.53 0.59%	$90.98	278,175 88.59% of 50 DAV 50 DAV is 314,000	$92.07 -1.92%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 8/16/2019 4:51:19 PM G - Hovering near its all-time high, stubbornly holding its ground. Bullish action came after it reported earnings +39% on +9% sales revenues for the Jun '19 quarter versus the year ago period, continuing its strong earnings track record. Its 50 DMA line ($82.89) and recent lows define near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Perched Near 52-Week High Finding Support - 7/25/2019 \| 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 Cl A Comp Sftwr-Spec Enterprs	$142.57	+3.07 2.20%	$143.71	869,872 68.17% of 50 DAV 50 DAV is 1,276,000	$149.80 -4.83%	5/24/2019	$129.52	PP = $132.09
								MB = $138.69
Most Recent Note - 8/14/2019 5:59:55 PM G - Pulled back toward support at its 50 DMA line ($135.56). Its prior low ($130.78 on 7/23/19) defines the next important near-term support to watch where a violation would raise serious concerns and trigger a more worrisome technical sell signal. Reported earnings +43% on +36% sales revenues for the Jun '19 quarter, continuing its strong earnings track record. >>> FEATURED STOCK ARTICLE : Abrupt Retreat After Getting Very Extended From Prior Base - 7/29/2019 \| 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	$98.74	-2.37 -2.34%	$101.70	732,703 232.60% of 50 DAV 50 DAV is 315,000	$112.33 -12.10%	2/15/2019	$69.35	PP = $70.00
								MB = $73.50
Most Recent Note - 8/16/2019 12:23:26 PM G - Losses this week violated its 50 DMA line raising concerns and triggering a technical sell signal. A rebound above the 50 DMA line($103.89) is needed for its outlook to improve. Reported earnings +33% on +23% sales revenues for the Jun '19 quarter continuing its strong earning track record. Members were reminded - "Volume and volatility often increase near earnings news." >>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Average With Earnings News Soon - 8/9/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TTD - NASDAQ The Trade Desk Inc Cl A Comml Svcs-Advertising	$248.62	+5.10 2.09%	$252.29	1,083,782 72.64% of 50 DAV 50 DAV is 1,492,000	$289.51 -14.12%	7/18/2019	$240.61	PP = $258.10
								MB = $271.01
Most Recent Note - 8/16/2019 4:48:11 PM Y - Consolidating near its 50 DMA line ($247.54) which defines important support. More damaging losses would raise concerns and trigger a technical sell signal. Reported Jun '19 quarterly earnings +58% on +42% sales revenues. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Consolidating Near 50-Day Moving Average Line - 8/16/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PAGS - NYSE Pagseguro Digital Cl A Finance-CrdtCard/PmtPr	$51.54	+5.02 10.79%	$53.43	5,701,440 252.39% of 50 DAV 50 DAV is 2,259,000	$48.88 5.44%	6/25/2019	$37.69	PP = $40.07
								MB = $42.07
Most Recent Note - 8/16/2019 12:32:48 PM G - Gapped up today hitting a new all-time high with a considerable volume-driven gain. Reported earnings +35% on +39% sales revenues for the quarter ended June 30,2019 versus the year ago period. Recent low and 50 DMA line coincide in the $42 area defining important near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Encountering Distributional Pressure After Impressive Sprint - 7/30/2019 \| 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

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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