FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, November 7th, 2019

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AFTER MARKET UPDATE - THURSDAY, NOVEMBER 7TH, 2019

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Indices				NYSE			Nasdaq
DOW	+182.24	27,674.80	+0.66%	Volume	962,699,570	-3%	Volume	2,365,646,140	+2%
NASDAQ	+23.89	8,434.52	+0.28%	Advancers	1,310	45%	Advancers	1,597	51%
S&P 500	+8.40	3,085.18	+0.27%	Decliners	1,574	55%	Decliners	1,522	49%
Russell 2000	+4.45	1,593.99	+0.28%	52 Wk Highs	173		52 Wk Highs	214
S&P 600	+2.98	987.52	+0.30%	52 Wk Lows	42		52 Wk Lows	91

Leadership Improves as Major Indices Extend Record Rally
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow jumped 182 points and the S&P 500 added 0.3% to push both benchmark indexes to close at fresh record highs. The Nasdaq Composite gained 0.3%. Decliners led advancers by an 8-7 margin on the NYSE, meanwhile advancing issues slightly outnumbered decliners on the Nasdaq exchange. Leadership improved as there were 70 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 38 on the prior session. New 52-week highs totals solidly outnumbered new 52-week lows totals on the NYSE and on the Nasdaq exchange. The major indices (M criteria) are in a "confirmed uptrend" after enduring distributional pressure in recent weeks. The Featured Stocks Page provides the most timely analysis on high-ranked leaders.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average rallied to a new record high.

Stocks finished higher on Thursday as optimistic trade headlines bolstered risk sentiment. China’s Commerce Ministry said that Washington and Beijing have agreed to rescind some existing tariffs in stages, citing recent progress on a “phase one” trade deal. White House officials also confirmed the roll back in the respective duties, but stocks pared some sharper early session gains after Reuters reported fierce internal resistance to the plans.

Amid the perceived “risk-on” sentiment, COMEX gold fell 1.6% to $1,469.00/ounce. Treasuries resumed their slump, with the yield on the 10-year note surging nine basis points to 1.91%, the highest level since August. On the data front, initial jobless claims came in at 211,000 in the most recent week. A separate report revealed consumer credit declined to $9.5 billion in September from August’s upwardly revised $17.8 billion figure. In commodities, WTI crude climbed 1.0% to $56.91/barrel.

Seven of 11 S&P 500 sectors ended in positive territory, with Energy stocks pacing the gains. In earnings, DISH Network (DISH +3.49%) rose after surprising analysts by adding subscribers during the last quarter. Fox Corp. (FOX +5.94%) rose following a 5% increase in quarterly revenue. Qualcomm (QCOM +6.32%) rose after topping analyst profit and revenue expectations, helped by a key licensing deal with Apple (AAPL +0.85%). Teva Pharmaceutical (TEVA +4.57%) following an improvement in the drugmaker’s full-year guidance. Online travel companies Expedia (EXPE -27.39%) and TripAdvisor (TRIP -22.41%) each slid more than 20% as both posted downbeat results.

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, Networking, Semiconductor, and Energy Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX +0.83%) and Broker/Dealer Index ($XBD +0.50%) each posted a modest gain, but the Retail Index ($RLX -0.95%) ended the session solidly in the red. The Networking Index ($NWX +2.02%) posted a solid gain while the Semiconductor Index ($SOX +0.70%) tallied a smaller gain, but the Biotech Index ($BTK -0.09%) ended the session slightly in the red. The Oil Services Index ($OSX +0.70%) and the Integrated Oil Index ($XOI +1.49%) both rose, meanwhile, the Gold & Silver Index ($XAU -2.44%) was a standout decliner.

Charts courtesy of www.stockcharts.com

PICTURED: The Retail Index ($RLX -0.95%) has recently been meeting resistance near prior highs while rebounding toward its 2019 high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	69.93	+0.49	+0.71%	-13.24%
Integrated Oil	$XOI	1,261.83	+18.54	+1.49%	+8.86%
Semiconductor	$SOX	1,727.68	+12.01	+0.70%	+49.56%
Networking	$NWX	563.57	+11.14	+2.02%	+15.33%
Broker/Dealer	$XBD	274.31	+1.36	+0.50%	+15.58%
Retail	$RLX	2,397.67	-23.05	-0.95%	+22.87%
Gold & Silver	$XAU	91.80	-2.29	-2.43%	+29.92%
Bank	$BKX	109.57	+0.90	+0.83%	+27.72%
Biotech	$BTK	4,460.96	-4.09	-0.09%	+5.69%

Audiocodes is Quietly Perched Near its All-Time High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Audiocodes Ltd (AUDC +$0.51 or +2.38% to $21.95) is perched near its all-time high after a quiet gain today. Its color code was changed to green after recent gains back above its "max buy" level. The rally back above the prior pivot point with last week's volume driven gains helped its outlook improve. Its 50-day moving average (DMA) line ($19.15) and recent low ($17.54 on 10/08/19) define important support where more damaging losses would raise concerns and trigger technical sell signals. It has not formed a sound new base of sufficient length, however, very little resistance remains due to overhead supply.

Bullish action came after it reported earnings +26% on +15% sales revenues for the Sep '19 quarter, continuing its strong earnings track record for a 11th consecutive quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings growth has been strong and it has a 99 Earnings Per Share Rating.

This Israel-based designer of advanced voice-over-IP products shown in this FSU section on 10/21/19 with an annotated graph under the headline, "Consolidating Above 50-Day Average But Below Prior Pivot Point". The number of top-rated funds owning its shares rose from 33 in Mar '18 to 77 in Sep '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under very slight distributional pressure over the past 50 days. It has a Timeliness Rating of A and Sponsorship Rating of B. The small supply of 22.8 million shares (S criteria) in the public float can contribute to greater price 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
MLR - NYSE Miller Industries Inc AUTOMOTIVE - Auto Parts	$36.23	-0.37 -1.01%	$36.91	65,537 172.47% of 50 DAV 50 DAV is 38,000	$37.70 -3.90%	9/24/2019	$34.00	PP = $35.36
								MB = $37.13
Most Recent Note - 11/7/2019 12:51:02 PM Y - Retreating from its 52-week high with today's 2nd consecutive loss following an impressive spurt of volume-driven gains. Prior highs in the $35 area define initial support above its 50 DMA line ($33.32). Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Hit New High But Did Not Close Session Above Pivot Point - 10/29/2019 \| 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	$29.80	-0.72 -2.36%	$30.85	35,241 103.65% of 50 DAV 50 DAV is 34,000	$30.78 -3.18%	9/13/2019	$27.03	PP = $27.05
								MB = $28.40
Most Recent Note - 11/7/2019 5:37:18 PM G - There was a "negative reversal" after hitting another new 52-week high today. Extended from the prior base. Prior highs define important support to watch along with its 50 DMA line ($27.07). >>> FEATURED STOCK ARTICLE : Noted "Positive Reversal" on Volatile Session After Earnings - 10/31/2019 \| 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	$21.95	+0.51 2.38%	$21.97	189,033 78.11% of 50 DAV 50 DAV is 242,000	$22.50 -2.44%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 11/7/2019 5:35:31 PM G - Color code was changed to green after recent gains back above its "max buy" level. Reported earnings +26% on +15% sales revenues for the Sep '19 quarter. Its 50 DMA line ($19.15) and recent low ($17.54 on 10/08/19) define important near-term support levels to watch. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Audiocodes is Quietly Perched Near its All-Time High - 11/7/2019 \| 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	$123.58	+1.20 0.98%	$124.50	395,980 143.47% of 50 DAV 50 DAV is 276,000	$135.32 -8.68%	10/8/2019	$129.77	PP = $132.83
								MB = $139.47
Most Recent Note - 11/4/2019 5:19:06 PM G - Retreating from its all-time high, it violated its 50 DMA line ($126) with today's volume-driven loss and its color code is changed to green. Reported Sep '19 earnings +4% on +38% sales revenues versus the year ago period, its 2nd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria), raising greater fundamental concerns. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Perched at Record High at Time of Quarterly Report - 10/30/2019 \| 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	$202.82	+2.08 1.04%	$203.55	1,783,061 90.74% of 50 DAV 50 DAV is 1,965,000	$209.02 -2.97%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 11/4/2019 5:16:56 PM G - After wedging higher with gains lacking great volume conviction it is testing its 50 DMA line ($195.60) with losses on higher volume. The prior low ($185.36 on 10/03/19) defines the next important near-term support. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Testing 50-Day Moving Average With Loss on Above Average Volume - 11/4/2019 \| 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	$81.62	-0.24 -0.29%	$82.24	1,283,456 84.44% of 50 DAV 50 DAV is 1,520,000	$85.31 -4.33%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 11/6/2019 5:13:14 PM Y - Color code is changed to yellow while consolidating below its "max buy" level and just above its 50 DMA line ($81.07). The 50 DMA line defines near-term support above the prior low ($76.35 on 10/03/19). Wedged to new all-time highs with recent gains lacking great volume conviction. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Testing Support at 50-Day Moving Average - 11/6/2019 \| 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	$105.75	-3.47 -3.18%	$109.60	363,442 128.42% of 50 DAV 50 DAV is 283,000	$111.48 -5.14%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 11/4/2019 5:24:04 PM G - Pulled back today after getting very extended from any sound base and powering to all-time highs with volume-driven gains. Reported earnings +24% on +5% sales revenues for the Sep '19 quarter versus the year ago period, just below the +25% minimum guideline (C criteria). Found prompt support near its 50 DMA line ($96) during its ongoing ascent. >>> FEATURED STOCK ARTICLE : Pulling Back After Recently Wedging Into New High Territory - 10/23/2019 \| 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.

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