FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, OCTOBER 11TH, 2019

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Indices				NYSE			Nasdaq
DOW	+319.92	26,816.59	+1.21%	Volume	864,435,110	+8%	Volume	2,178,766,720	+24%
NASDAQ	+106.26	8,057.04	+1.34%	Advancers	2,125	76%	Advancers	2,301	75%
S&P 500	+32.14	2,970.27	+1.09%	Decliners	679	24%	Decliners	753	25%
Russell 2000	+26.54	1,511.90	+1.79%	52 Wk Highs	112		52 Wk Highs	60
S&P 600	+17.24	935.60	+1.88%	52 Wk Lows	13		52 Wk Lows	66

Indices Avoid Correction With Leadership and Volume-Driven Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow rallied 319 points, briefly surpassing the 27,000 level. The S&P 500 rose 1.1%, snapping a three-week losing streak, while the Nasdaq Composite advanced 1.3%. For the week, the S&P 500 gained 0.6%, and the Dow and Nasdaq Composite both jumped 0.9%. Volume totals reported were higher than the prior session totals on the Nasdaq exchange and on the NYSE, another encouraging sign of increased institutional buying demand. Breadth was positive as advancers led decliners by more than a 3-1 margin on the NYSE and on the Nasdaq exchange. Leadership improved as there were 41 high-ranked companies from the Leaders List that hit a new 52-week high and were listed on the BreakOuts Page, versus the total of 9 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE, but new lows still outnumbered new highs on the Nasdaq exchange. The uptrend for the major indices (M criteria) had recently come under greater pressure, however, the strong finish to the week avoided a more worrisome "correction" in the market . 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 rebounded and closed above its 50-day moving average (DMA) line again, leaving it perched only -3.4% off its record high. Prior lows and its 200 DMA line define important near-term support to watch. More damaging losses may bode poorly for the market outlook.

Stocks finished firmly higher Friday as an apparent breakthrough in U.S.-China trade relations provided a tailwind to risk assets. President Trump stated that the two sides had agreed to “a very substantial phase one deal.” Under the accord, Washington will suspend next week’s planned tariff increase, while Beijing would offer concessions related to agricultural purchases, intellectual property, and foreign exchange issues. President Trump said the pact could be signed as quickly as next month.

On the data front, an update from the University of Michigan showed consumer sentiment unexpectedly spiking to a three-month high in October. Treasuries slumped with the yield on the benchmark 10-year note advancing seven basis points to 1.73%. In commodities, WTI crude added 2.2% to $54.70/barrel, while COMEX gold slid 0.8% to $1,482.70/ounce despite a weaker dollar.

Eight of 11 S&P 500 sectors closed in positive territory, with Industrials and Materials pacing gains. Apple (AAPL +2.66%) led a rally in Tech shares, with the iPhone maker reaching a record high. In earnings, Fastenal (FAST +17.15%) after the industrial construction supplier exceeded analyst profit and revenue projections.

Overseas, signs of progress on the Brexit front helped push the British pound to its best two-day advance in a decade, while the Euro STOXX 600 climbed the most since January.

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 ($XBD +1.99%) and the Bank Index ($BKX +1.87%) both outpaced the Retail Index ($RLX +1.18%). The tech sector had a positive bias as the Semiconductor Index ($SOX +2.27%) and the Networking Index ($NWX +1.66%) both outpaced the Biotech Index ($BTK +1.24%). Commodity-linked groups were mixed as the Oil Services Index ($OSX +4.73%) outpaced the Integrated Oil Index ($XOI +1.35%) while the Gold & Silver Index ($XAU -3.48%) was a standout decliner.

Charts courtesy of www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +1.99%) rebounded toward its 50-day and 200-day moving average (DMA) lines after recently slumping toward its December 2018 low.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	65.37	+2.95	+4.73%	-18.90%
Integrated Oil	$XOI	1,199.67	+15.99	+1.35%	+3.50%
Semiconductor	$SOX	1,591.13	+35.34	+2.27%	+37.74%
Networking	$NWX	549.80	+8.97	+1.66%	+12.51%
Broker/Dealer	$XBD	253.82	+4.95	+1.99%	+6.94%
Retail	$RLX	2,363.34	+27.46	+1.18%	+21.11%
Gold & Silver	$XAU	88.92	-3.21	-3.48%	+25.84%
Bank	$BKX	98.59	+1.80	+1.86%	+14.92%
Biotech	$BTK	4,216.06	+51.64	+1.24%	-0.11%

Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
See the Featured Stocks with most recent note below. Feel free to contact us if you have a need for any additional information.

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	$31.79	+0.22 0.70%	$32.96	33,836 99.52% of 50 DAV 50 DAV is 34,000	$35.26 -9.84%	9/24/2019	$34.00	PP = $35.36
								MB = $37.13
Most Recent Note - 10/9/2019 5:47:46 PM G - Halted its slide at its 200 DMA line today following a streak of 9 consecutive losses. A rebound above its 50 DMA line ($32.24) is needed for its outlook to improve. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Tested Support at Long-Term 200-Day Moving Average - 10/9/2019 \| 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	$26.92	+0.32 1.20%	$27.34	24,851 92.04% of 50 DAV 50 DAV is 27,000	$28.00 -3.86%	9/13/2019	$27.03	PP = $27.05
								MB = $28.40
Most Recent Note - 10/9/2019 5:50:33 PM Y - Posted a small gain on light volume today while still hovering near its 52-week high. Prior highs define initial support to watch above its 50 DMA line ($25.50). >>> 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	$189.02	+4.58 2.48%	$190.86	194,149 55.16% of 50 DAV 50 DAV is 352,000	$201.00 -5.96%	5/9/2019	$169.25	PP = $180.55
								MB = $189.58
Most Recent Note - 10/8/2019 5:52:43 PM G - Slumped back below its 50 DMA line ($186.83) again hurting its outlook. Faces resistance due to overhead supply up to the $201 level. 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. >>> 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	$17.95	+0.08 0.45%	$18.47	154,069 77.03% of 50 DAV 50 DAV is 200,000	$22.50 -20.22%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 10/8/2019 5:49:16 PM G - Color code is changed to green after slumping back below its 50 DMA line ($18.51) again. Prior lows in the $16.50 area define the next important support. >>> 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	$131.25	+1.78 1.37%	$132.48	304,078 131.64% of 50 DAV 50 DAV is 231,000	$132.73 -1.12%	10/8/2019	$129.77	PP = $132.83
								MB = $139.47
Most Recent Note - 10/9/2019 12:41:28 PM Y - Posted a 4th consecutive gain with higher volume on the prior session and finished at a record high close. Color code was changed to yellow with new pivot point cited based on its 8/01/19 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($122.63) acted as support in recent weeks during its consolidation. 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. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Volume-Driven Gain for Record High Close - 10/8/2019 \| 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	$201.62	+3.49 1.76%	$202.98	2,293,215 126.14% of 50 DAV 50 DAV is 1,818,000	$204.44 -1.38%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 10/11/2019 12:59:19 PM Y - Rising within striking distance of its all-time high and "max buy" level with today's gain. Finished near the session high with a solid volume-driven gain on the prior session. Its 50 DMA line ($187.69) and recent low ($185.36 on 10/03/19) define important near-term support where more damaging losses would raise serious concerns and trigger technical sell signals. >>> 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	$81.37	+0.32 0.39%	$82.81	1,016,591 69.34% of 50 DAV 50 DAV is 1,466,000	$83.70 -2.78%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 10/9/2019 5:52:19 PM Y - Color code is changed to yellow after finding support above its 50 DMA line ($78.16) and trading back above its pivot point helping its outlook improve. >>> FEATURED STOCK ARTICLE : Found Prompt Support Near 50-Day Moving Average - 10/4/2019 \| 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	$130.14	+3.40 2.68%	$131.17	938,941 132.81% of 50 DAV 50 DAV is 707,000	$133.00 -2.15%	10/1/2019	$129.59	PP = $132.95
								MB = $139.60
Most Recent Note - 10/8/2019 5:51:10 PM Y - Retreated from its all-time high with another volume-driven loss today. Its 50 DMA line ($121.91) defines near-term support. 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. >>> 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	$97.67	+0.89 0.92%	$99.19	275,463 95.32% of 50 DAV 50 DAV is 289,000	$97.99 -0.33%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 10/9/2019 5:49:29 PM G - Posted a quiet gain today for a best-ever close. Stayed above its 50 DMA line, and challenging its all-time high, it is 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 ($92.186) defines important support to watch along with its prior low ($86.53 on 8/28/19). >>> FEATURED STOCK ARTICLE : Near High After Finding Support at 50-Day Average - 10/7/2019 \| 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	$45.68	+1.23 2.77%	$46.71	1,559,073 95.47% of 50 DAV 50 DAV is 1,633,000	$53.43 -14.50%	6/25/2019	$37.69	PP = $40.07
								MB = $42.07
Most Recent Note - 10/10/2019 5:34:54 PM G - A rebound above the 50 DMA line ($47.33) still is needed for its outlook to improve. Recently 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. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Average Needed for Outlook to Improve - 10/10/2019 \| 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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