FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Tuesday, November 22nd, 2016

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AFTER MARKET UPDATE - TUESDAY, NOVEMBER 22ND, 2016

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Indices				NYSE			Nasdaq
DOW	+67.18	19,023.87	+0.35%	Volume	892,511,280	+6%	Volume	1,708,549,740	+7%
NASDAQ	+17.49	5,386.35	+0.33%	Advancers	2,097	70%	Advancers	1,801	62%
S&P 500	+4.76	2,202.94	+0.22%	Decliners	880	30%	Decliners	1,093	38%
Russell 2000	+12.11	1,334.34	+0.92%	52 Wk Highs	258		52 Wk Highs	339
S&P 600	+10.48	816.82	+1.30%	52 Wk Lows	18		52 Wk Lows	24

Indices Extended Gains Into New High Territory
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks finished higher on Tuesday. The Dow was up 67 points to 19023. The S&P 500 added 4 points to 2202 and the Nasdaq Composite gained 17 points to 5386. Volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by more than 2-1 on the NYSE and by more than 3-2 on the Nasdaq exchange. There were 117 high-ranked companies from the Leaders List that made new 52-week highs and were listed on the BreakOuts Page, versus 98 on the prior session. New 52-week highs totals solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index has been rallying for new record highs.

The major averages (M criteria) are in a confirmed uptrend. New buying efforts should only be made in candidates with superior fundamental and technical characteristics. The Featured Stocks Page lists noteworthy high-ranked leaders.

The major averages extended record highs on the session Tuesday as investors digested better-than-expected housing data and optimistic corporate earnings releases. On the economic front, existing home sales rose 2% in October, to the highest level since February 2007. In earnings, Dollar Tree gained 8.2% to $88.68 as the company beat estimates on the top and bottom line. Burlington Stores climbed 16% to $86.04 after the retailer raised its forward EPS guidance by 6%.

Nine of 11 sectors in the S&P 500 finished in positive territory. In the consumer space, Campbell Soup (CPB +3.60%) rose as quarterly revenue beat Wall Street expectations. Shares of Hormel Foods (HRL +2.63%) was higher amid a record performance in fourth-quarter earnings results. Technology stocks fluctuated throughout the session with Analog Devices (ADI +4.41%) while Palo Alto Networks (PANW -13.24%) fell. Elsewhere in Tech, shares of Medtronic (MDT -8.66%) fell after the medical device maker posted weaker-than-expected quarterly sales.

Treasuries finished mixed with the benchmark 10-year note up 1/32 to yield 2.31%. The 30-year bond slipped 4/32 to yield 3.00%. In commodities, NYMEX WTI crude lost 0.5% to $47.99/barrel. COMEX gold added 0.2% to $1211.60/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.

Retail, Semiconductor, and Gold & Silver Indexes Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX +1.57%) posted a solid gain on Tuesday while the Broker/Dealer Index ($XBD +0.55%) and the Bank Index ($BKX +0.22%) each posted smaller gains. Commodity-linked groups had a positive bias as the Gold & Silver Index ($XAU +1.10%) outpaced the Oil Services Index ($OSX +0.26%) and the Integrated Oil Index ($XOI +0.26%). The Semiconductor Index ($SOX +1.05%) outpaced the Networking Index ($NWX +0.11%), but the Biotechnology Index ($BTK -2.38%) was a laggard as it lost ground.

Charts courtesy www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX +1.05%) has been rallying into record high territory.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	168.04	+0.44	+0.26%	+6.54%
Integrated Oil	$XOI	1,193.39	+3.10	+0.26%	+11.25%
Semiconductor	$SOX	888.27	+9.26	+1.05%	+33.88%
Networking	$NWX	432.71	+0.48	+0.11%	+15.10%
Broker/Dealer	$XBD	202.43	+1.11	+0.55%	+13.67%
Retail	$RLX	1,387.63	+21.51	+1.57%	+8.12%
Gold & Silver	$XAU	81.98	+0.90	+1.11%	+80.97%
Bank	$BKX	86.05	+0.19	+0.22%	+17.75%
Biotech	$BTK	3,321.94	-80.83	-2.38%	-12.90%

Very Extended From Prior Base Following Post-Election Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

ServisFirst Bancshares Inc (SFBS +$1.84 or +2.70% to $69.89) hit yet another new all-time high today, adding to a spurt of volume-driven gains and getting very extended from its prior base. It got a burst of momentum along with many other Financial stocks following the election, rallying considerably since last shown in this FSU section on 11/07/16 with an annotated graph under the headline, "Relative Strength Improved as Bullish Action Has Continued". It was recently noted that its 10/31/16 gain backed by +52% above average volume helped reconfirm a technical buy signal. Since 9/22/16 its Relative Strength Rating has improved from 74 to 94, well above the 80+ minimum guideline for buy candidates under the fact-based investment system.

SFBS reported earnings +28% on +18% sales revenues for the Sep '16 quarter, its 4th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria), helping it match the fact-based investment system's guidelines. Earnings rose +28%, +34%, and +31% in the Dec '15, Mar and Jun '16 quarters, respectively, and underlying sales revenues growth has been in the +17-26% range. Its annual earnings (A criteria) history has been strong.

The number of top-rated funds owning its shares rose from 159 in Sep '15 to 231 in Sep '16, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days. Its small supply of only 23.1 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling.

Charts used 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
CSFL - NASDAQ Centerstate Banks Inc Banks-Southeast	$22.31	+0.60 2.76%	$22.31	189,753 87.04% of 50 DAV 50 DAV is 218,000	$21.93 1.73%	10/10/2016	$18.20	PP = $18.37
								MB = $19.29
Most Recent Note - 11/22/2016 3:56:45 PM G - Hitting another new high today, getting very extended from any sound base. Its 50 DMA line and prior highs define near-term support in the $18 area. >>> FEATURED STOCK ARTICLE : Extended From Base After Volume Driven Gains - 11/11/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
EVR - NYSE Evercore Partners Inc FINANCIAL SERVICES - Investment Banking	$66.55	+0.64 0.97%	$66.60	466,488 115.18% of 50 DAV 50 DAV is 405,000	$66.60 -0.08%	11/14/2016	$63.30	PP = $60.73
								MB = $63.77
Most Recent Note - 11/21/2016 5:45:43 PM G - Rallied to new multi-year highs with above average volume behind a 13th consecutive gain today, getting very extended from its prior base. Reported earnings +51% on +25% sales revenues for the Sep '16 quarter. Three of the past 4 earnings increases were above the +25% minimum guideline (C criteria). >>> FEATURED STOCK ARTICLE : Big Volume Driven Gain Extends Winning Streak - 11/14/2016 \| 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	$231.82	-1.56 -0.67%	$236.91	796,622 62.28% of 50 DAV 50 DAV is 1,279,000	$272.58 -14.95%	6/29/2016	$182.42	PP = $186.55
								MB = $195.88
Most Recent Note - 11/18/2016 5:09:34 PM G - Still sputtering after damaging losses, and a rebound above the 50 DMA line ($248.49) is needed to help its outlook improve. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Slump Below 50-Day Moving Average Raised Concerns - 11/17/2016 \| 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	$45.88	+0.08 0.17%	$46.00	66,949 49.59% of 50 DAV 50 DAV is 135,000	$48.14 -4.69%	9/29/2016	$46.12	PP = $47.82
								MB = $50.21
Most Recent Note - 11/18/2016 5:06:17 PM G - Found support at its 50 DMA line ($45.24) this week. A damaging violation would raise concerns and deterioration below recent lows in the $41 area would raise more serious concerns and trigger a worrisome technical sell signal. Reported earnings +10% on +6% sales revenues for the Sep '16 quarter, below the +25% minimum earnings guideline (C criteria), raising concerns. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Perched Near Highs After Finding Support Above 50-Day Average - 11/18/2016 \| 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	$23.90	-0.52 -2.13%	$24.87	133,035 83.15% of 50 DAV 50 DAV is 160,000	$24.99 -4.36%	10/27/2016	$21.03	PP = $22.60
								MB = $23.73
Most Recent Note - 11/22/2016 3:58:32 PM G - Pulling back with light volume today, consolidating near its "max buy" level. Found support near prior highs in the $22 area when pulling back after its recent technical breakout. No resistance remains due to overhead supply. >>> FEATURED STOCK ARTICLE : Technical Breakout Backed By +151% Above Average Volume - 11/9/2016 \| 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
ANET - NYSE Arista Networks Inc TELECOMMUNICATIONS - Communication Equipment	$94.78	+0.30 0.32%	$94.94	854,867 120.07% of 50 DAV 50 DAV is 712,000	$94.76 0.02%	11/21/2016	$93.80	PP = $88.66
								MB = $93.09
Most Recent Note - 11/22/2016 5:21:36 PM G - Color code is changed to green after rising further above its "max buy" level today. Finished strong after highlighted in yellow with pivot point cited based on its 2015 high plus 10 cents in the 11/21/16 mid-day report (read here) as a gap up and big gain backed by +256% above average volume triggered a technical buy signal. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Heavy Volume Behind Breakout Gain - 11/21/2016 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SFBS - NASDAQ Servisfirst Bancshares BANKING - Regional - Southeast Banks	$69.89	+1.84 2.70%	$70.06	143,691 173.12% of 50 DAV 50 DAV is 83,000	$68.08 2.66%	7/19/2016	$53.28	PP = $52.82
								MB = $55.46
Most Recent Note - 11/22/2016 5:17:12 PM G - Hit yet another new all-time high today, adding to a spurt of volume-driven gains and getting very extended from its prior base. Prior highs and its 50 DMA line in the $53 area define important support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Very Extended From Prior Base Following Post-Election Gains - 11/22/2016 \| 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	$32.30	+1.15 3.69%	$32.40	865,713 104.05% of 50 DAV 50 DAV is 832,000	$31.60 2.22%	10/4/2016	$27.36	PP = $28.70
								MB = $30.14
Most Recent Note - 11/22/2016 3:55:10 PM G - Posting another gain with higher volume today, hitting a new all-time high while rising further above its "max buy" level. Recent gains above the pivot point did not have at least +40% above average volume to trigger a proper technical buy signal. >>> FEATURED STOCK ARTICLE : Hit New High With Gain Lacking Great Volume Conviction - 11/10/2016 \| 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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