FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, September 11th, 2019

<<<Previous Mid Day Report	Next Mid Day Report >>>
<<<Previous After Market Report	Next After Market Report >>>

You are not logged in.
This means you CAN ONLY VIEW reports that were published prior to Monday, October 21, 2024.
You MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.

AFTER MARKET UPDATE - WEDNESDAY, SEPTEMBER 11TH, 2019

Previous After Market Report Next After Market Report >>>

Indices				NYSE			Nasdaq
DOW	+227.61	27,137.04	+0.85%	Volume	849,054,670	-10%	Volume	2,301,681,030	-2%
NASDAQ	+85.52	8,169.68	+1.06%	Advancers	1,916	71%	Advancers	2,297	75%
S&P 500	+21.54	3,000.93	+0.72%	Decliners	789	29%	Decliners	771	25%
Russell 2000	+32.72	1,575.71	+2.12%	52 Wk Highs	102		52 Wk Highs	76
S&P 600	+20.08	974.99	+2.10%	52 Wk Lows	6		52 Wk Lows	12

Breadth Positive and Leadership Improved as Indices Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow rallied 223 points to extend the index’s advance to a sixth straight session and close above the 27,000 level. The S&P 500 advanced 0.7%, while the Nasdaq Composite jumped 1.1% to snap a three day losing streak. Volume totals reported were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 5-2 margin on the NYSE and 3-1 on the Nasdaq exchange. Leadership improved as there were 44 high-ranked companies from the Leaders List hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 26 on the prior session. New 52-week highs totals expanded and outnumbered shrinking new 52-week lows totals on the NYSE and on the Nasdaq exchange. Concerning the M criteria of the fact-based investment system, investors have a green light to make carefully selected new buying efforts. The Featured Stocks Page provides the most timely analysis on high-ranked leaders.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 600 Small Cap Index has rebounded above its 50-day and 200-day moving average (DMA) lines with big gains toward prior highs. It is perched -11.4% off its record high hit in August 2018.

Stocks finished higher on Wednesday as investors weighed the latest trade news. China announced that several U.S. products would be excluded from additional tariffs set to be implemented next week. The list includes cancer drugs and pesticides, but omits more prominent items, such as agricultural products.

Ten of 11 S&P 500 sectors finished in positive territory. The Technology group paced the gains, as Apple (AAPL +3.18%) rose on the heels of Tuesday’s new product unveiling. Energy stocks ended the day flat amid a slump in oil prices. WTI crude declined 2.4% to $56.03/barrel following news that President Trump is considering easing sanctions on Iran. In earnings, RH (RH +5.08%) rose after the home furnishing retailer topped analyst profit and revenue estimates and lifted its forward guidance. Dave and Buster’s (PLAY -4.62%) fell after its comparable-store sales fell more than expected. GameStop (GME -9.82%) fell after delivering disappointing second-quarter figures.

On the data front, core producer prices (excluding food and energy) rose 0.3% last month after a slight decline in July. Another release revealed wholesale inventories rose 0.2% in July. Treasuries were little changed. The yield on the 10-year note gained one basis point to 1.74%, after an auction of the maturity garnered the highest demand since June. In commodities, COMEX gold added 0.3% to $1,497.60 despite a stronger dollar.

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, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX +0.74%) and the Broker/Dealer Index ($XBD +1.62%) posted gains again while the Retail Index ($RLX +0.03%) finished flat again. The tech sector had a positive bias as the Networking Index ($NWX +2.32%) outpaced the Semiconductor Index ($SOX +1.45%) and the Biotech Index ($BTK +1.45%). Commodity-linked group also rose as the Oil Services Index ($OSX +1.07%) and the Gold & Silver Index ($XAU +0.65%) each posted gains.

Charts courtesy of www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI +1.49%) halted its slide toward the December 2018 low and has rebounded above its 50-day moving average (DMA) line with a streak of gains.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	72.54	+0.76	+1.06%	-10.00%
Integrated Oil	$XOI	1,229.78	+2.43	+0.20%	+6.10%
Semiconductor	$SOX	1,606.19	+23.04	+1.46%	+39.04%
Networking	$NWX	578.16	+13.10	+2.32%	+18.31%
Broker/Dealer	$XBD	275.77	+4.39	+1.62%	+16.19%
Retail	$RLX	2,414.87	+0.65	+0.03%	+23.75%
Gold & Silver	$XAU	92.35	+0.59	+0.64%	+30.70%
Bank	$BKX	100.41	+0.74	+0.74%	+17.04%
Biotech	$BTK	4,456.86	+63.50	+1.45%	+5.59%

50-Day Moving Average Violation Triggered Technical Sell Signal
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Pagseguro Digital Cl A (PAGS +$0.71 or +1.62% to $44.58) halted its slide today with a gain on average volume. It violated its 50-day moving average (DMA) line ($46.51) with big volume-driven losses this week triggering a technical sell signal. The prior low ($42.00 on 8/05/19) defines the next important chart support level. A prompt rebound above the 50 DMA line is needed for its outlook to improve.

Bullish action came with on 8/16/19 with a gap up after it reported earnings +35% on +39% sales revenues for the quarter ended June 30,2019 versus the year ago period. That showed a strong sales revenues increase while continuing its strong track record of quarterly comparisons with earnings increases above the +25% minimum guideline (C criteria).It has a 98 Earnings Per Share Rating. The limited history for this Brazil-based firm was noted as a concern. It completed its $21.50 IPO on 1/24/18.

PAGS traded up as much as +41.9% since first highlighted in yellow with pivot point cited based on its 3/29/18 high plus 10 cents in the 6/25/19 mid-day report (read here). It was last shown in this FSU section on 8/22/19 with an annotated graph under the headline, "Brazil-Based Digital Payments Firm Perched at All-Time High".

The number of top-rated funds owning its shares rose from 254 in Sep '18 to 382 in Jun '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication its shares have been under slight accumulation over the past 50 days. It has earned a Timeliness Rating of A and Sponsorship Rating of B.

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
EPAM - NYSE Epam Systems Inc COMPUTER SOFTWARE and SERVICES - Information Technology Service	$183.73	+7.60 4.31%	$184.71	572,442 142.05% of 50 DAV 50 DAV is 403,000	$201.00 -8.59%	5/9/2019	$169.25	PP = $180.55
								MB = $189.58
Most Recent Note - 9/11/2019 6:12:11 PM G - Halted its slide above the prior low ($175.33 on 8/07/19) which defines the next important support level. Rebounded toward its 50 DMA line with today's volume-driven gain. A rebound above its 50 DMA line ($189.87) is needed for its outlook to improve. Reported earnings +27% on +24% sales revenues for the Jun '19 quarter. >>> FEATURED STOCK ARTICLE : Volume Light During Brief Consolidation Above 50-Day Average - 8/29/2019 \| 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	$17.37	+0.46 2.72%	$17.37	76,263 43.33% of 50 DAV 50 DAV is 176,000	$19.74 -12.01%	7/15/2019	$17.10	PP = $17.54
								MB = $18.42
Most Recent Note - 9/10/2019 11:01:55 AM G - Color code is changed to green while sputtering below its 50 DMA line ($17.39). The recent low ($16.51 on 8/14/19) defines important support where more damaging losses would raise concerns and trigger technical sell signals. Reported earnings +57% on +14% sales revenues for the Jun '19 quarter, continuing its strong earnings track record. >>> FEATURED STOCK ARTICLE : Volume Cooling While Consolidating Above Support Levels - 8/30/2019 \| 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	$119.97	+1.59 1.34%	$120.49	267,790 124.55% of 50 DAV 50 DAV is 215,000	$129.37 -7.27%	7/1/2019	$110.94	PP = $122.20
								MB = $128.31
Most Recent Note - 9/9/2019 3:36:02 PM G - Undercut the prior low ($116.67 on 8/13/19) raising more serious concerns and triggering a worrisome technical sell signal. Slumping back below its 50 DMA line ($121.45) which has acted as resistance. >>> FEATURED STOCK ARTICLE : Sputtering Below 50-Day Average and Below Pivot Point - 8/20/2019 \| 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	$123.02	+0.34 0.28%	$124.89	218,355 98.80% of 50 DAV 50 DAV is 221,000	$132.73 -7.32%	7/22/2019	$118.45	PP = $118.89
								MB = $124.83
Most Recent Note - 9/10/2019 11:00:18 AM Y - Consolidating above its 50 DMA line ($120). Below that important short-term average, the prior low ($113.88 on 8/05/19) defines the next support level. Jun '19 earnings +10% on +26% sales revenues versus the year ago period were below the +25% minimum earnings guideline (C criteria), noted recently raising fundamental concerns. >>> FEATURED STOCK ARTICLE : Found Support After Making Limited Progress - 9/4/2019 \| 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	$196.41	+3.15 1.63%	$198.78	2,124,229 120.97% of 50 DAV 50 DAV is 1,756,000	$204.44 -3.93%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 9/9/2019 12:48:39 PM Y - Retreating from its all-time high with today's loss following 3 consecutive volume-driven gains. Gapped up on the prior session triggering a technical buy signal after reporting earnings +35% on +22% sales revenues for the Jul '19 quarter. Prior high ($194.25) defines initial support to watch above its 50 DMA line ($184.71). >>> FEATURED STOCK ARTICLE : Sank Below 50-Day Average Toward Prior Lows With High Volume - 9/3/2019 \| 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
CPRT - NASDAQ Copart Inc SPECIALTY RETAIL - Auto Dealerships	$80.75	-0.21 -0.26%	$81.47	1,498,036 122.09% of 50 DAV 50 DAV is 1,227,000	$83.55 -3.35%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 9/10/2019 5:44:13 PM Y - Pulled back with lighter (near average) volume today following 4 consecutive volume-driven gains. The big volume-driven gain above the pivot point on 9/05/19 clinched a technical buy signal. Fundamentals are strong. >>> FEATURED STOCK ARTICLE : Heavy Volume Behind Breakout Gain After Earnings Report - 9/5/2019 \| 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	$206.70	-4.62 -2.19%	$212.00	990,665 161.87% of 50 DAV 50 DAV is 612,000	$259.71 -20.41%	8/20/2019	$246.97	PP = $246.95
								MB = $259.30
Most Recent Note - 9/10/2019 10:15:45 AM G - Gapped down today and traded below its 8/05/19 low ($216.55) raising more concerns. Volume was heavy behind a big loss violating its 50 DMA line ($240) on the prior session triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve. >>> FEATURED STOCK ARTICLE : Recently Wedged Higher Without Great Volume Conviction - 8/26/2019 \| 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	$93.32	+1.43 1.56%	$94.47	333,206 119.43% of 50 DAV 50 DAV is 279,000	$93.63 -0.33%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 9/10/2019 5:40:26 PM G - Quietly perched within close striking distance of its all-time high. stubbornly holding its ground in a tight range. Earnings rose +39% on +9% sales revenues for the Jun '19 quarter versus the year ago period. Prior highs in the $86 area and its 50 DMA line ($86.50) coincide defining important support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Holding Ground Stubbornly in Tight Range Near Record High - 9/10/2019 \| 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	$44.58	+0.71 1.62%	$45.15	2,231,449 101.66% of 50 DAV 50 DAV is 2,195,000	$53.43 -16.56%	6/25/2019	$37.69	PP = $40.07
								MB = $42.07
Most Recent Note - 9/11/2019 5:59:25 PM G - Halted its slide today with a gain on lighter (average) volume. Violated its 50 DMA line ($46.51) with big losses this week triggering a technical sell signal. The prior low ($42.00 on 8/05/19) defines the next important chart support level. A prompt rebound above the 50 DMA line is needed for its outlook to improve. Fundamentals are strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Violation Triggered Technical Sell Signal - 9/11/2019 \| 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.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time. Questions or comments may be submitted by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307 or 954-785-1121.