FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Monday, December 17th, 2018

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AFTER MARKET UPDATE - MONDAY, DECEMBER 17TH, 2018

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Indices				NYSE			Nasdaq
DOW	-507.53	23,592.98	-2.11%	Volume	1,152,550,500	+17%	Volume	2,632,970,460	+20%
NASDAQ	-155.22	6,755.44	-2.25%	Advancers	403	13%	Advancers	587	19%
S&P 500	-54.01	2,545.94	-2.08%	Decliners	2,628	87%	Decliners	2,533	81%
Russell 2000	-32.67	1,378.14	-2.32%	52 Wk Highs	5		52 Wk Highs	11
S&P 600	-20.53	857.58	-2.34%	52 Wk Lows	884		52 Wk Lows	740

Correction Continues as Damage Grows for Major Indices
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Stocks declined Monday. The Dow fell 507 points to 23,592 while the S&P 500 slipped 54 points to 2,545. The Nasdaq lost 156 points to 6753. The volume totals on the session were higher than the prior session totals on the NYSE and on the Nasdaq exchange, indicative of increasing distributional pressure. Breadth was clearly negative as decliners led advancers by more than a 6-1 margin on the NYSE and 4-1 on the Nasdaq exchange. Leadership further evaporated as there was only 1 high-ranked company from the Leaders List that made a new 52-week high and was listed on the BreakOuts Page, versus 2 on the prior session. New 52-week lows totals swelled and solidly outnumbered shrinking new 52-week highs totals on the NYSE and on the Nasdaq exchange. As noted in prior commentaries, the major indices (M criteria) are in a correction. Disciplined investors reduce exposure to protect capital in bad markets and wait for a new rally and solid follow-through day to eventually shift the market direction (M criteria) back to a bullish stance. 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 fell to its lowest close since November 15, 2017. Recent rallies met resistance near its 200-day and 50-day moving average (DMA) lines as it formed a bearish series of lower highs and lower lows.

The major averages finished sharply lower as market participants await further updates from the Federal Reserve. With the U.S. central bank widely expected to raise interest rates for a fourth time in 2018 on Wednesday, Chair Jerome Powell’s press conference following the conclusion of the FOMC meeting will be closely monitored for any updates on the Fed’s outlook for 2019. On the data front, a report from the New York Fed showed manufacturing activity expanded at the slowest rate in 19-months during December. A separate survey revealed homebuilder confidence slumped to the lowest level since May 2015 in December.

All 11 S&P 500 sectors finished lower led by the Real Estate and Utilities groups falling 3.7% and 3.3% respectively. Healthcare stocks also weighed on the major averages after a Texas judge ruled against the Affordable Care Act. Technology and Consumer Discretionary shares underperformed as Microsoft (MSFT -2.96%) and Amazon (AMZN -4.46%) fell. Goldman Sachs (GS -2.76%) fell following news Malaysia filed charges against the bank in regards to the 1MDB controversy.

Treasuries were stronger as the yield on the 10-year slipped two basis points to 2.86%. In commodities, WTI crude declined 2.6% to $49.88/barrel, the lowest level since October 2017. COMEX gold added 0.8% to $1,247.40/ounce amid a weaker dollar.

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

The Retail Index ($RLX -3.43%) suffered a big loss while the Broker/Dealer Index ($XBD -1.41%) and the Bank Index ($BKX -0.73%) also weighed on the major indices. The tech sector had a negative bias as the Biotech Index ($BTK -1.85%), Semiconductor Index ($SOX -1.28%), and the Networking Index ($NWX -2.76%) were unanimously lower. The Oil Services Index ($OSX -1.33%) and Integrated Oil Index ($XOI -1.74%) both slumped, meanwhile, the Gold & Silver Index ($XAU +2.37%) was a standout gainer.

Charts courtesy of www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX -1.28%) abruptly retreated after a recent rebound above its 50-day moving average (DMA) line. Its October 2018 low defines important near-term support.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	88.05	-1.19	-1.33%	-41.12%
Integrated Oil	$XOI	1,214.51	-21.54	-1.74%	-9.06%
Semiconductor	$SOX	1,162.46	-15.11	-1.28%	-7.23%
Networking	$NWX	491.79	-13.96	-2.76%	+0.26%
Broker/Dealer	$XBD	236.98	-3.38	-1.41%	-10.66%
Retail	$RLX	1,947.49	-69.19	-3.43%	+12.33%
Gold & Silver	$XAU	69.19	+1.60	+2.37%	-18.86%
Bank	$BKX	87.45	-0.65	-0.74%	-18.05%
Biotech	$BTK	4,343.18	-81.88	-1.85%	+2.87%

Abrupt Retreat Amid Broadly Weak Market Conditions
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
P R A Health Sciences (PRAH -$3.51 or -3.52% to 96.21) recently undercut its pivot point after a noted "negative reversal" at its high raised concerns. It made quick headway after highlighted in yellow with pivot point cited based on its 9/14/18 high plus 10 cents in the 11/30/18 mid-day report (read here). Then just as quickly it abruptly retreated, violating its 50-day and 200-day moving average (DMA) lines. It was last shown in this FSU section on 11/30/18 with an annotated graph under the headline, "Streak of Gains For New Highs Marked by Increasing Volume".

Technically, it triggered a technical buy signal on 11/29/18 with a gain backed by +103% above average volume. However, new buying efforts in stocks, since October 10th, were mostly discouraged under the fact-based investment system due to to weak market (M criteria) repeatedly noted.

Recently it reported earnings +28% on +23% sales revenues for the Sep '18 quarter, its 6th consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong and it has earned a 92 Earnings Per Share Rating, well above the 80+ minimum for buy candidates.

The number of top-rated funds owning its shares rose from 533 in Dec '17 to 637 in Sep '18. Its current Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have been under slight distributional pressure over the past 50 days. It has a Timeliness rating of A and Sponsorship Rating of B. It completed yet another Secondary Offering on 8/07/18, and prior Secondary Offerings on 8/09/17, 3/04/16, 5/04/16, and 11/15/16.

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	$27.16	+0.05 0.18%	$27.41	42,572 141.91% of 50 DAV 50 DAV is 30,000	$29.40 -7.62%	11/30/2018	$28.35	PP = $29.50
								MB = $30.98
Most Recent Note - 12/14/2018 5:19:43 PM Y - Sputtering since highlighted in yellow with pivot point cited based on its 8/10/18 high plus 10 cents in the 11/30/18 mid-day report. Resistance remains due to overhead supply up to the $29 level. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a technical buy signal. Reported earnings +95% on +28% sales revenues for the Sep '18 quarter. Recent quarterly comparisons have been above the +25% minimum earnings guideline (C criteria) and, sequentially, showed encouraging sales revenues acceleration. Annual earnings history (A criteria) has also been good. Very small supply of only 11.4 million shares outstanding (A criteria) can contribute to greater price volatility in the event of institutional buying or selling. >>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of All Time High - 12/3/2018 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ZBRA - NASDAQ Zebra Tech Corp Cl A COMPUTER HARDWARE - Computer Peripherals	$158.97	-12.92 -7.52%	$171.67	772,263 162.92% of 50 DAV 50 DAV is 474,000	$184.75 -13.95%	11/6/2018	$170.41	PP = $179.57
								MB = $188.55
Most Recent Note - 12/17/2018 5:44:38 PM G - Color code is changed to green after a damaging volume-driven loss today violated its 50 DMA line ($168.53) and undercut the recent lows triggering a technical sell signal. The 200 DMA line ($156.54) defines important near-term support to watch. A rebound above the 50 DMA line is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Challenging High After Rebound Above 50-day Average - 11/28/2018 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CME - NASDAQ C M E Group Inc DIVERSIFIED SERVICES - Business/Management Services	$185.59	-2.05 -1.09%	$188.80	1,834,860 81.51% of 50 DAV 50 DAV is 2,251,000	$197.08 -5.83%	10/4/2018	$179.29	PP = $177.45
								MB = $186.32
Most Recent Note - 12/17/2018 5:50:58 PM G - Light volume was behind today's 5th consecutive loss while testing near its 50 DMA line ($185.52) and recent low ($183.43 on 12/06/18) noted as important near-term support. Recently reported earnings +22% on +2% sales revenues for the Sep '18 quarter, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. >>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average - 12/12/2018 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
GDOT - NYSE Green Dot Corp Cl A FINANCIAL SERVICES - Credit Services	$78.06	-2.94 -3.63%	$80.99	804,803 159.05% of 50 DAV 50 DAV is 506,000	$93.00 -16.06%	11/8/2018	$90.35	PP = $91.61
								MB = $96.19
Most Recent Note - 12/17/2018 12:40:59 PM G - Consolidating just above its 50 DMA line ($79.08). Faces resistance due to overhead supply up to the $93 level. Its 200 DMA line and prior low ($71.50 on 10/29/18) define important near-term support. >>> FEATURED STOCK ARTICLE : Recently Found Support Near 200-Day Average - 12/7/2018 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
UBNT - NASDAQ Ubiquiti Networks TELECOMMUNICATIONS - Diversified Communication Serv	$103.94	-4.70 -4.33%	$108.21	404,110 84.01% of 50 DAV 50 DAV is 481,000	$115.44 -9.96%	11/9/2018	$108.20	PP = $101.43
								MB = $106.50
Most Recent Note - 12/17/2018 5:42:04 PM Y - Pulled back below its "max buy" level with today's 3rd consecutive loss and its color code is changed to yellow. Prior high ($101.33 on 9/25/18) defines initial support to watch above its 50 DMA line ($99.28). >>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Still Hovering Above "Max Buy" Level - 12/11/2018 \| 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
PRAH - NASDAQ P R A Health Sciences HEALTH SERVICES - Medical Laboratories and Researc	$96.21	-3.51 -3.52%	$100.24	453,752 86.10% of 50 DAV 50 DAV is 527,000	$121.98 -21.13%	11/30/2018	$117.06	PP = $112.98
								MB = $118.63
Most Recent Note - 12/17/2018 5:39:08 PM G - Recent losses violated its 50 and 200 DMA lines amid weak action in the broader market (M criteria). Concerns were noted after it undercut its pivot point following a "negative reversal". A rebound above the 50 DMA line is needed for its outlook to improve. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Abrupt Retreat Amid Broadly Weak Market Conditions - 12/17/2018 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PLNT - NYSE Planet Fitness Inc Cl A Leisure-Services	$53.31	-0.71 -1.31%	$54.54	1,144,774 91.36% of 50 DAV 50 DAV is 1,253,000	$58.50 -8.87%	11/7/2018	$57.10	PP = $55.45
								MB = $58.22
Most Recent Note - 12/14/2018 5:18:37 PM Y - Remains perched near its all-time high with volume totals cooling. Its 50 DMA line and recent low ($48.02 on 11/20/18) define important near-term support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Fitness Firm Remains Near High Despite Unhealthy Environment - 12/14/2018 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
MEDP - NASDAQ Medpace Holdings Inc Medical-Research Eqp/Svc	$51.46	-1.95 -3.65%	$54.00	619,020 113.37% of 50 DAV 50 DAV is 546,000	$65.09 -20.94%	12/3/2018	$63.43	PP = $65.19
								MB = $68.45
Most Recent Note - 12/17/2018 5:48:12 PM G - Color code is changed to green after slumping below its 50 DMA line ($55.16) with damaging losses triggering a technical sell signal and raising greater concerns. The 200 DMA line and prior low define the next support to watch. >>> FEATURED STOCK ARTICLE : Pullback After 9 Straight Gains Challenged High - 12/4/2018 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
INVA - NASDAQ Innoviva Inc Medical-Biomed/Biotech	$16.62	-0.19 -1.13%	$17.09	920,583 79.84% of 50 DAV 50 DAV is 1,153,000	$18.60 -10.65%	11/23/2018	$17.74	PP = $18.09
								MB = $18.99
Most Recent Note - 12/13/2018 4:57:58 PM Y - Volume totals have been cooling while perched near its all-time high. Subsequent gains and a strong close above the pivot point backed by at least +40% above average volume may clinch a technical buy signal. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Perched Near High With Volume Totals Cooling - 12/13/2018 \| 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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