FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, October 3rd, 2019

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AFTER MARKET UPDATE - THURSDAY, OCTOBER 3RD, 2019

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Indices				NYSE			Nasdaq
DOW	+122.42	26,201.04	+0.47%	Volume	801,417,780	-15%	Volume	2,115,201,580	-14%
NASDAQ	+87.01	7,872.26	+1.12%	Advancers	1,784	64%	Advancers	1,884	62%
S&P 500	+23.02	2,910.63	+0.80%	Decliners	996	36%	Decliners	1,176	38%
Russell 2000	+6.72	1,486.35	+0.45%	52 Wk Highs	43		52 Wk Highs	16
S&P 600	+2.00	921.11	+0.22%	52 Wk Lows	90		52 Wk Lows	117

Major Indices Posted Gains With Lighter Volume and Little Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow added 122 points while the S&P 500 climbed 0.8%. The Nasdaq Composite advanced 1.1%. Volume totals reported were lower than the prior session on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by almost a 2-1 margin on the Nasdaq exchange and by 3-2 on the NYSE. Leadership remained thin as only 2 high-ranked companies from the Leaders List hit a new 52-week high and were listed on the BreakOuts Page, versus the total of 1 on the prior session. New 52-week lows totals outnumbered new 52-week highs on both the NYSE and Nasdaq. The uptrend for the major indices (M criteria) has recently come under greater pressure, having the look of a more serious correction. Disciplined investors know to reduce exposure to stocks during market corrections. The Featured Stocks Page provides the most timely analysis on high-ranked leaders.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index's prior low and its 200-day moving average (DMA) line define important near-term support to watch. More damaging losses may bode poorly for the market outlook. Meanwhile, it remains perched only -3.9% off its record high.

The major averages recovered from sharp early morning losses to finish higher Thursday. Economic data remained in focus following Tuesday’s soft manufacturing update which caused the S&P 500 to post back-to-back losses of 1% or greater for the first time in 2019.

This morning, a separate update from the ISM showed non-manufacturing activity remained in expansionary territory but slowed to a reading of 52.6, the lowest level in three years. Meanwhile, initial jobless claims rose slightly more than anticipated to 219,000 last week. The weaker than anticipated economic updates have bolstered investor expectations of an additional interest rate cut in 2019. The CME Group, which tracks fed fund futures, now projects a 90% chance of a 25 basis point cut at October’s FOMC meeting, up from 40% just last week. Treasuries strengthened with the yield on the 10-year note off seven basis points to 1.53%.

All 11 S&P 500 sectors finished in positive territory with the Energy and Technology stocks pacing the gains. The Financials group was the worst performer on the session as falling Treasury yields weighed on bank stocks. In corporate news, PepsiCo (PEP +2.98%) after the beverage maker beat Wall Street estimates on the top and bottom line. Elsewhere, shares of Constellation Brands (STZ -5.97%) after the adult beverage distributor fell short of analyst earnings expectations. In commodities, WTI crude declined 0.7% to $52.29/barrel, its 8th straight day of losses. COMEX gold added 0.3% to $1,506.10/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.

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

The Broker/Dealer Index ($XBD -0.48%) and the Bank Index ($BKX -0.19%) both ended the session slightly lower while the Retail Index ($RLX +0.15%) inched higher. The tech sector had a positive bias as the Semiconductor Index ($SOX +1.36%), Biotech Index ($BTK +1.72%), and the Networking Index ($NWX +0.63%) finished unanimously higher. Energy-linked groups also had a positive bias as the Oil Services Index ($OSX +1.59%) and the Integrated Oil Index ($XOI +1.12%) rose. Meanwhile, the Gold & Silver Index ($XAU +0.16%) inched higher.

Charts courtesy of www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI +1.12%) rose on Thursday. It has been sputtering below its 50-day and 200-day moving average (DMA) lines slumping toward its August low.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	63.14	+1.27	+2.05%	-21.66%
Integrated Oil	$XOI	1,169.48	+14.05	+1.22%	+0.90%
Semiconductor	$SOX	1,545.76	+25.99	+1.71%	+33.81%
Networking	$NWX	540.99	+4.94	+0.92%	+10.71%
Broker/Dealer	$XBD	243.65	-0.85	-0.35%	+2.66%
Retail	$RLX	2,313.23	+10.11	+0.44%	+18.54%
Gold & Silver	$XAU	89.32	-0.30	-0.33%	+26.41%
Bank	$BKX	95.59	+0.13	+0.14%	+11.42%
Biotech	$BTK	4,193.84	+76.49	+1.86%	-0.64%

Found Support After Undercutting 50-Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Lululemon Athletica (LULU +$1.02 or +0.54% to $190.15) has recently been sputtering below the prior high ($194.25) raising concerns. It found support today at its 50-day moving average DMA line ($187.17). More damaging losses would raise concerns and trigger a technical sell signal.

It has shown some resilience since last shown in this FSU section was on 9/18/19 with an annotated graph under the headline, "Consolidating Near Prior High Following Latest Breakout". LULU reported earnings +35% on +22% sales revenues for the Jul '19 quarter, marking its 7th consecutive quarterly comparison above the +25% minimum guideline (C criteria). Recent quarterly comparisons showed stronger sales revenues and earnings improvement helping it match with the fact-based investment system's fundamental guidelines. It has a new CEO as of 8/20/18. It currently has a 96 Earnings Per Share Rating. Its Timeliness rating is A and Sponsorship rating is C.

The number of top-rated funds owning its shares rose from 1,041 in Jun '18 to 1,413 in Jun '19, a good sign concerning the I criteria. LULU was first featured in yellow at $23.83 (split adjusted after 2:1 split effective 7/21/11) in the October 8, 2010 mid-day report (read here) and it traded up as much as +163.7% in a little more than 9 months. As previously noted - "In a bullish market, many high-ranked leaders offer multiple opportunities to accumulate their shares under the fact-based system's strict guidelines. Patience may often allow another ideal base or secondary buy point to possibly develop and be noted."

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
MLR - NYSE Miller Industries Inc AUTOMOTIVE - Auto Parts	$32.18	-0.30 -0.92%	$32.80	30,076 85.93% of 50 DAV 50 DAV is 35,000	$35.26 -8.74%	9/24/2019	$34.00	PP = $35.36
								MB = $37.13
Most Recent Note - 9/30/2019 5:13:27 PM Y - Suffered another loss with above average volume today and finished near the session low. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Very little resistance remains due to overhead supply. Reported June '19 quarterly earnings +40% on +26% sales revenues versus the year ago period, and 3 of the past 4 comparisons were above the +25% minimum earnings guideline (C criteria). >>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure After Challenging Prior High - 9/24/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CCBG - NASDAQ Capital City Bk Gp BANKING - Regional - Mid-Atlantic Banks	$26.50	-0.05 -0.19%	$26.81	25,621 91.50% of 50 DAV 50 DAV is 28,000	$28.00 -5.36%	9/13/2019	$27.03	PP = $27.05
								MB = $28.40
Most Recent Note - 9/27/2019 6:35:54 PM Y - Stalled after hitting a new 52-week high on 9/20/19 with a solid gain above the pivot point backed by +339% above average volume triggering a technical buy signal. Prior highs define initial support to watch above its 50 DMA line ($25.33). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Stalled After Recent Rally for New High - 9/27/2019 \| 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	$184.30	+4.28 2.38%	$184.60	324,081 93.40% of 50 DAV 50 DAV is 347,000	$201.00 -8.31%	5/9/2019	$169.25	PP = $180.55
								MB = $189.58
Most Recent Note - 9/30/2019 5:09:31 PM G - A rebound above its 50 DMA line ($188.31) is still needed for its outlook to improve. Prior lows in the $174-175 area define the next important support level. Reported earnings +27% on +24% sales revenues for the Jun '19 quarter. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Slumped and Sputtered Below 50-Day Moving Average - 9/30/2019 \| 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	$18.47	+0.53 2.95%	$18.60	231,770 107.30% of 50 DAV 50 DAV is 216,000	$22.50 -17.91%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 10/2/2019 7:41:34 PM G - Today's 7th consecutive loss violated its 50 DMA line ($18.53) raising greater concerns. Only a prompt rebound would help its outlook improve. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Sank Below 50-Day Average as 7 Straight Losses Follow Reversal - 10/2/2019 \| 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	$124.11	+1.21 0.98%	$124.20	174,891 74.74% of 50 DAV 50 DAV is 234,000	$132.73 -6.49%	7/22/2019	$118.45	PP = $118.89
								MB = $124.83
Most Recent Note - 9/30/2019 5:14:25 PM Y - Consolidating near its 50 DMA line ($121.68). That important short-term average has acted as support in recent weeks during its consolidation. Prior lows define the next important support to watch. 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 : Consolidating Above 50-Day Moving Average Line - 9/20/2019 \| 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	$190.15	+1.02 0.54%	$190.30	1,382,792 77.90% of 50 DAV 50 DAV is 1,775,000	$204.44 -6.99%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 10/3/2019 5:31:05 PM Y - Found support after undercutting its 50 DMA line ($187.12) today. Recently sputtering below the prior high ($194.25) raising concerns. More damaging losses would raise serious concerns and trigger a technical sell signal. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Found Support After Undercutting 50-Day Moving Average - 10/3/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CPRT - NASDAQ Copart Inc SPECIALTY RETAIL - Auto Dealerships	$79.22	+1.79 2.31%	$79.26	4,081,020 291.50% of 50 DAV 50 DAV is 1,400,000	$83.70 -5.35%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 10/3/2019 12:01:32 PM G - Slumped below its prior high ($79.74 on 7/26/19) and below its 50 DMA line ($78.02) raising concerns and its color code is changed to green. Only a prompt rebound would help its outlook improve. >>> FEATURED STOCK ARTICLE : Hovering Near All-Time High Following Recent Breakout - 9/19/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PFPT - NASDAQ Proofpoint Inc Computer Sftwr-Security	$128.83	+2.23 1.76%	$130.68	1,036,582 152.66% of 50 DAV 50 DAV is 679,000	$133.00 -3.14%	10/1/2019	$129.59	PP = $132.95
								MB = $139.60
Most Recent Note - 10/1/2019 5:45:14 PM Y - Finished the session lower after highlighted in yellow with pivot point cited based on its 7/26/19 high. Reversed into the red after touching a new all-time high today. Met stubborn resistance in the $132 area in recent months. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Prior mid-day reports noted - "Three of the past 4 quarterly comparisons through Jun '19 were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong since turning profitable in FY '16 ". See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Challenging Previously Stubborn Resistance - 10/1/2019 \| 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	$93.16	-0.46 -0.49%	$94.45	253,539 85.66% of 50 DAV 50 DAV is 296,000	$97.99 -4.93%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 9/30/2019 12:21:23 PM G - Perched near its all-time high, extended from the prior base after wedging higher with gains lacking great volume conviction. Earnings rose +39% on +9% sales revenues for the Jun '19 quarter versus the year ago period. Its 50 DMA line ($90.12) defines important support to watch along with its prior low ($86.53 on 8/28/19). >>> FEATURED STOCK ARTICLE : Perched Near Record High, Extended From Prior Base - 9/23/2019 \| 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	$45.05	+1.41 3.23%	$45.26	1,387,515 72.87% of 50 DAV 50 DAV is 1,904,000	$53.43 -15.68%	6/25/2019	$37.69	PP = $40.07
								MB = $42.07
Most Recent Note - 10/2/2019 7:43:13 PM G - Slumped further below its 50 DMA line ($47.44) with a big loss today backed by above average volume. Testing prior lows in the $42-43 area noted as important near-term chart support to watch where violations may trigger a worrisome technical sell signal. Fundamentals are strong. >>> FEATURED STOCK ARTICLE : Recent Lows Define Important Near-Term Support While Consolidating - 9/25/2019 \| 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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