FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, NOVEMBER 4TH, 2016

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Indices				NYSE			Nasdaq
DOW	-42.39	17,888.28	-0.24%	Volume	892,496,440	+1%	Volume	1,854,091,470	-3%
NASDAQ	-12.04	5,046.37	-0.24%	Advancers	1,519	51%	Advancers	1,563	52%
S&P 500	-3.48	2,085.18	-0.17%	Decliners	1,432	49%	Decliners	1,440	48%
Russell 2000	+6.55	1,163.44	+0.57%	52 Wk Highs	20		52 Wk Highs	31
S&P 600	+3.53	707.17	+0.50%	52 Wk Lows	67		52 Wk Lows	225

Major Averages Deteriorate Further Ahead of Uncertain Election
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

For the week, the Dow was down 1.5%, the S&P lost 1.8%, and the Nasdaq fell 2.7%. Stocks finished lower on Friday. The Dow was down 42 points to 17888. The S&P 500 lost 3 points to 2085 and the Nasdaq Composite fell 12 points to 5046.The S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Composite Index have unanimously slumped below prior lows having the look of a more serious "correction". The volume totals were reported mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Advancers and decliners were evenly mixed on the NYSE and on the Nasdaq exchange. There were 9 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 7 on the prior session. New 52-week lows solidly outnumbered new 52-week highs on the NYSE and Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index has slumped well below its 50-day moving average (DMA) line and below prior lows with 9 consecutive losses. Its 200 DMA line defines the next important support level.

Recent deterioration in the charts of the major averages (M criteria) and less leadership (fewer stocks hitting new highs) are signs of poor market conditions and uncertainty ahead of the election. Disciplined investors following the fact-based investment system will have a bias toward reducing exposure until recognized strength returns. The Featured Stocks Pagelists noteworthy high-ranked leaders.

The major averages declined on the session Friday following a weaker-than-expected jobs report. Non-farm payrolls grew 161,000 in October versus a projected 173,000 increase. The labor force participation rate was slightly lower from the previous month at 62.8%. Finally, the unemployment rate came in at 4.9%, in-line with estimates. According to Bloomberg data, futures are currently pricing a 74% probability of a rate hike by December versus 80% odds before the jobs figure.

Six of 11 sectors in the S&P 500 finished positive on the session. Consumer shares declined as Monster Beverage (MNST -3.55%) fell after the company missed estimates on the top and bottom line. Kraft Heinz (KHC -2.55%) fell as quarterly sales fell 1.5% amid a stronger dollar and pricing pressure in Europe. Shares of Fluor (FLR -13.50%) fell after being the subject of negative analyst commentary. Elsewhere in earnings, Starbucks (SBUX +1.95%) rose as the coffee chain announced a 25% quarterly dividend increase. Shares of CBS (CBS +2.72%) were higher after reporting strong advertising growth in the quarter.

Treasuries advanced with the benchmark 10-year note up 11/32 to yield 1.77%. In commodities, NYMEX WTI crude lost 1.3% to $44.07/barrel. COMEX gold added 0.2% to $1305.20/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.

Biotech and Broker/Dealer Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX -0.51%) and the Bank Index ($BKX -0.15%) each ended slightly lower while the Broker/Dealer Index ($XBD +0.37%) edged higher on Friday. The Biotechnology Index ($BTK +1.87%) was a standout gainer but the Semiconductor Index ($SOX -0.63%) fell and the Networking Index ($NWX -0.12%) was slightly lower. The Gold & Silver Index ($XAU -0.24%), Oil Services Index ($OSX -0.69%), and the Integrated Oil Index ($XOI -0.78%) each fell as commodity-linked groups had a negative bias.

Charts courtesy www.stockcharts.com

PICTURED: The Biotechnology Index ($BTK +1.87%) has slumped below its 50-day and 200-day moving average (DMA) lines toward prior lows.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	149.86	-1.03	-0.68%	-4.99%
Integrated Oil	$XOI	1,125.84	-8.80	-0.78%	+4.95%
Semiconductor	$SOX	802.88	-5.12	-0.63%	+21.01%
Networking	$NWX	400.01	-0.47	-0.12%	+6.40%
Broker/Dealer	$XBD	167.16	+0.62	+0.37%	-6.14%
Retail	$RLX	1,285.77	-6.61	-0.51%	+0.18%
Gold & Silver	$XAU	89.12	-0.21	-0.24%	+96.73%
Bank	$BKX	73.36	-0.11	-0.15%	+0.38%
Biotech	$BTK	2,887.17	+53.03	+1.87%	-24.30%

Seriously Applying the Fact-Based System Now
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

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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
TDG - NYSE Transdigm Group Inc AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services	$267.45	+0.98 0.37%	$271.36	336,281 86.67% of 50 DAV 50 DAV is 388,000	$294.38 -9.15%	10/25/2016	$268.12	PP = $269.41
								MB = $282.88
Most Recent Note - 10/31/2016 5:48:12 PM Y - Wedged to new highs with recent gains lacking great volume conviction. Gains above a stock's pivot point must be backed by at least +40% above average volume to trigger a proper new (or add-on) technical buy signal. Rebounded above its 50 DMA line with volume-driven gains after issuing a Special Dividend effective 10/20/16. >>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Line Needed - 10/19/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CSFL - NASDAQ Centerstate Banks Inc Banks-Southeast	$18.22	+0.03 0.16%	$18.41	130,989 78.91% of 50 DAV 50 DAV is 166,000	$19.08 -4.51%	10/10/2016	$18.20	PP = $18.37
								MB = $19.29
Most Recent Note - 11/4/2016 5:33:02 PM Y - Quietly consolidating above its 50 DMA line and near prior highs defining near-term support in the $18 area. Subsequent losses leading to violations would trigger technical sell signals. >>> FEATURED STOCK ARTICLE : Challenged 52-Week High With Another Volume-Driven Gain - 10/10/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NTES - NASDAQ Netease Inc Adr INTERNET - Internet Information Providers	$243.43	+0.01 0.00%	$245.88	695,290 58.72% of 50 DAV 50 DAV is 1,184,000	$272.58 -10.69%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 11/2/2016 12:57:55 PM G - Testing its 50 DMA line ($243.17) which defines important support to watch. Slumped on higher volume on the prior session raising concerns after getting very extended from any sound base. >>> FEATURED STOCK ARTICLE : Very Extended From Base Following Additional Gains - 10/21/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HTHT - NASDAQ China Lodging Group Ads LEISURE - Lodging	$42.50	+0.42 1.00%	$42.57	64,653 43.68% of 50 DAV 50 DAV is 148,000	$47.72 -10.94%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 11/4/2016 5:34:37 PM G - Gains have been backed by very light volume after slumping below its 50 DMA line and prior lows with volume-driven losses raising concerns and triggering technical sell signals. Prior highs in the $39-41 area define the next important support level to watch. A rebound above the 50 DMA line ($45.06) is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Still Building on New Base Pattern - 10/25/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LMAT - NASDAQ Lemaitre Vascular Inc Medical-Products	$20.62	+0.06 0.29%	$21.25	124,266 75.77% of 50 DAV 50 DAV is 164,000	$22.50 -8.36%	10/27/2016	$21.03	PP = $22.60
								MB = $23.73
Most Recent Note - 11/4/2016 5:31:41 PM Y - Found support above its 50 DMA line during its quiet consolidation following 2 big volume-driven gains. Highlighted in yellow with pivot point cited based on its 9/20/16 high plus 10 cents in the 10/27/16 mid-day report. Subsequent volume-driven gains for new highs may trigger a technical buy signal following a base-on-base pattern. Little resistance remains due to overhead supply. >>> FEATURED STOCK ARTICLE : Challenged 52-Week High With Gap Up and Volume-Driven Gain - 10/27/2016 \| 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
SFBS - NASDAQ Servisfirst Bancshares BANKING - Regional - Southeast Banks	$53.29	-0.25 -0.47%	$53.94	65,180 105.13% of 50 DAV 50 DAV is 62,000	$54.42 -2.08%	7/19/2016	$53.28	PP = $52.82
								MB = $55.46
Most Recent Note - 10/31/2016 5:46:34 PM Y - Overcame early weakness to hit another new high and finish strong. Today's gain backed by +52% above average volume helped reconfirm a technical buy signal. Found support after undercutting its 50 DMA line ($52.23) More damaging losses would raise concerns. >>> FEATURED STOCK ARTICLE : Relative Strength Rating is Under Guidelines While Perched Near Highs - 9/22/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
OLLI - NASDAQ Ollie's Bargain Outlet Retail-DiscountandVariety	$26.15	+0.35 1.36%	$26.45	369,377 33.83% of 50 DAV 50 DAV is 1,092,000	$28.72 -8.95%	10/4/2016	$27.36	PP = $28.70
								MB = $30.14
Most Recent Note - 11/3/2016 3:50:33 PM G - Quietly slumping below its 50 DMA line ($26.44) today raising concerns and its color code is changed to green. Since highlighted in yellow with new pivot point cited based on its 9/01/16 high plus 10 cents, members were repeatedly reminded - "Volume-driven gains above the pivot point are still needed to trigger a convincing technical buy signal." >>> FEATURED STOCK ARTICLE : Gapped Up on News Being Added to S&P 600 Small Cap Index - 10/4/2016 \| 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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