FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, September 12th, 2019

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AFTER MARKET UPDATE - THURSDAY, SEPTEMBER 12TH, 2019

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Indices				NYSE			Nasdaq
DOW	+45.41	27,182.45	+0.17%	Volume	853,232,610	+0%	Volume	2,195,270,310	-5%
NASDAQ	+24.79	8,194.47	+0.30%	Advancers	1,442	51%	Advancers	1,681	54%
S&P 500	+8.64	3,009.57	+0.29%	Decliners	1,374	49%	Decliners	1,414	46%
Russell 2000	-0.65	1,575.07	-0.04%	52 Wk Highs	126		52 Wk Highs	109
S&P 600	-0.56	974.43	-0.06%	52 Wk Lows	6		52 Wk Lows	28

Major Indices Rose to Challenge Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow rose 45 points and the S&P 500 added 0.3% to put both indexes within 1% of their record highs. The Nasdaq Composite gained 0.3%. Volume totals reported were mixed, higher than the prior session total on the NYSE and lighter on the Nasdaq exchange. Breadth was slightly positive as advancers led decliners by an 8-7 margin on the Nasdaq exchange and an even narrower margin on the NYSE. Leadership improved as there were 52 high-ranked companies from the Leaders List hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 44 on the prior session. New 52-week highs totals expanded and outnumbered new 52-week lows totals on the NYSE and on the Nasdaq exchange. Concerning the M criteria of the fact-based investment system, investors have a green light to make carefully selected new buying efforts. The Featured Stocks Page provides the most timely analysis on high-ranked leaders.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index rebounded to close only -0.6% off its record high.

Stock ended Thursday higher as optimism on the trade front and monetary policy boosted investor sentiment. Signs pointing to de-escalation on the trade front helped lift the major averages after President Trump announced a two-week delay on a 5% tariff increase of Chinese imports. In response, China made its largest purchase of soybeans since June. Beijing is also considering allowing its domestic companies to resume purchasing American farm goods. The European Central Bank policy decision garnered investors’ attention after cutting its deposit rate by 10 basis point as expected and announced a new bond buying program. The monetary easing comes ahead the Federal Reserve meeting next week.

On the data front, the core CPI number (ex-food and energy) rose 0.3% in August. The annualized figure climbed 2.4%, accelerating more than forecasted to a one-year high. Separately, initial jobless claims fell to a five-month low of 204,000. Treasuries weakened with the yield on the 10-year note up four basis points to 1.78%. In commodities, WTI crude slumped 1.3% to $55.05/barrel. COMEX gold rose 0.2% to $1,500.10/ounce.

In corporate news, Oracle (ORCL -4.26%) after revealing earnings were in-line with Wall Street’s projections and revenue missed estimates. The software company also announced its co-CEO would be taking a leave of absence for health reasons. Shares of AT&T (T -0.93%) fell after providing an update on lower third-quarter wireless equipment revenues.

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 Financial Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX +0.33%) and the Broker/Dealer Index ($XBD +0.61%) posted gains helping underpin the major indices yet again. The tech sector was mixed as the Networking Index ($NWX -0.54%) and the Biotech Index ($BTK -0.79%) both fell while the Semiconductor Index ($SOX +0.29%) posted a small gain. Commodity-linked groups had a negative bias as the Oil Services Index ($OSX -2.04%), Integrated Oil Index ($XOI -0.68%), and the Gold & Silver Index ($XAU -1.37%) each lost ground.

Charts courtesy of www.stockcharts.com

PICTURED: The Retail Index ($RLX +0.59) has rebounded near its record high after finding support at its 200-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	71.06	-1.48	-2.04%	-11.84%
Integrated Oil	$XOI	1,221.41	-8.37	-0.68%	+5.38%
Semiconductor	$SOX	1,610.79	+4.60	+0.29%	+39.44%
Networking	$NWX	575.07	-3.10	-0.54%	+17.68%
Broker/Dealer	$XBD	277.46	+1.69	+0.61%	+16.91%
Retail	$RLX	2,429.03	+14.16	+0.59%	+24.48%
Gold & Silver	$XAU	91.08	-1.27	-1.38%	+28.90%
Bank	$BKX	100.74	+0.33	+0.33%	+17.43%
Biotech	$BTK	4,421.47	-35.39	-0.79%	+4.75%

50-Day Moving Average Recently Acted as Resistance
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

L H C Group Inc (LHCG -$1.54 or -1.28% to $118.43) halted its slide after undercutting the prior low ($116.67 on 8/13/19) raising more serious concerns. Its 50-day moving average (DMA) line ($121.37) has acted as resistance, and a rebound above that important short-term average is needed for its outlook to improve.

Fundamentals remain strong after it reported earnings +27% on +3% sales revenues for the Jun '19 quarter, continuing its strong earnings track record above the +25% minimum guideline (C criteria). LHCG last shown in this FSU section on 8/20/19 with an annotated graph under the headline, "Sputtering Below 50-Day Average and Below Pivot Point".

Its annual earnings growth (A criteria) has been strong, and it has a current Earnings Per Share Rating of 99. The number of top-rated funds owning its shares roe from 441 in Sep '18 to 534 in Jun '19 and the current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days, a reassuring sign concerning the I criteria. It has earned an A Timeliness Rating and a C Sponsorship Rating. It has a small supply of only 31.5 million shares (S criteria) outstanding, which can contribute to greater 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
EPAM - NYSE Epam Systems Inc COMPUTER SOFTWARE and SERVICES - Information Technology Service	$184.17	+0.44 0.24%	$186.81	227,718 56.09% of 50 DAV 50 DAV is 406,000	$201.00 -8.37%	5/9/2019	$169.25	PP = $180.55
								MB = $189.58
Most Recent Note - 9/11/2019 6:12:11 PM G - Halted its slide above the prior low ($175.33 on 8/07/19) which defines the next important support level. Rebounded toward its 50 DMA line with today's volume-driven gain. A rebound above its 50 DMA line ($189.87) is needed for its outlook to improve. Reported earnings +27% on +24% sales revenues for the Jun '19 quarter. >>> FEATURED STOCK ARTICLE : Volume Light During Brief Consolidation Above 50-Day Average - 8/29/2019 \| 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	$18.44	+1.07 6.16%	$18.74	296,495 168.46% of 50 DAV 50 DAV is 176,000	$19.74 -6.59%	7/15/2019	$17.10	PP = $17.54
								MB = $18.42
Most Recent Note - 9/12/2019 5:23:12 PM G - Posted a solid volume-driven gain today. Found prompt support near its 50 DMA line ($17.49). The recent low ($16.51 on 8/14/19) defines important support where more damaging losses would raise concerns and trigger technical sell signals. Reported earnings +57% on +14% sales revenues for the Jun '19 quarter, continuing its strong earnings track record. >>> FEATURED STOCK ARTICLE : Volume Cooling While Consolidating Above Support Levels - 8/30/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LHCG - NASDAQ L H C Group Inc HEALTH SERVICES - Home Health Care	$118.43	-1.54 -1.28%	$121.73	172,379 80.18% of 50 DAV 50 DAV is 215,000	$129.37 -8.46%	7/1/2019	$110.94	PP = $122.20
								MB = $128.31
Most Recent Note - 9/12/2019 5:25:50 PM G - Halted its slide after losses this week undercutting the prior low ($116.67 on 8/13/19) triggering a worrisome technical sell signal. Still sputtering below its 50 DMA line ($121.37) which has acted as resistance. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Recently Acted as Resistance - 9/12/2019 \| 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	$123.56	+0.54 0.44%	$125.13	187,702 85.71% of 50 DAV 50 DAV is 219,000	$132.73 -6.91%	7/22/2019	$118.45	PP = $118.89
								MB = $124.83
Most Recent Note - 9/10/2019 11:00:18 AM Y - Consolidating above its 50 DMA line ($120). Below that important short-term average, the prior low ($113.88 on 8/05/19) defines the next support level. 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. >>> FEATURED STOCK ARTICLE : Found Support After Making Limited Progress - 9/4/2019 \| 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	$198.73	+2.32 1.18%	$201.55	2,283,332 129.51% of 50 DAV 50 DAV is 1,763,000	$204.44 -2.79%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 9/9/2019 12:48:39 PM Y - Retreating from its all-time high with today's loss following 3 consecutive volume-driven gains. Gapped up on the prior session triggering a technical buy signal after reporting earnings +35% on +22% sales revenues for the Jul '19 quarter. Prior high ($194.25) defines initial support to watch above its 50 DMA line ($184.71). >>> FEATURED STOCK ARTICLE : Sank Below 50-Day Average Toward Prior Lows With High Volume - 9/3/2019 \| 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	$80.88	+0.13 0.16%	$81.98	1,547,316 126.00% of 50 DAV 50 DAV is 1,228,000	$83.55 -3.20%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 9/10/2019 5:44:13 PM Y - Pulled back with lighter (near average) volume today following 4 consecutive volume-driven gains. The big volume-driven gain above the pivot point on 9/05/19 clinched a technical buy signal. Fundamentals are strong. >>> FEATURED STOCK ARTICLE : Heavy Volume Behind Breakout Gain After Earnings Report - 9/5/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PAYC - NYSE Paycom Software Inc COMPUTER SOFTWARE and SERVICES - Application Software	$212.51	+5.81 2.81%	$215.76	881,153 142.35% of 50 DAV 50 DAV is 619,000	$259.71 -18.17%	8/20/2019	$246.97	PP = $246.95
								MB = $259.30
Most Recent Note - 9/12/2019 5:22:14 PM Posted a small gain today following a streak of damaging volume-driven losses. It will be dropped from the Featured Stocks list tonight. Only a prompt rebound above the 50 DMA line ($238) would help its outlook improve. >>> FEATURED STOCK ARTICLE : Recently Wedged Higher Without Great Volume Conviction - 8/26/2019 \| 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	$92.75	-0.57 -0.61%	$96.01	341,461 121.95% of 50 DAV 50 DAV is 280,000	$94.47 -1.82%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 9/10/2019 5:40:26 PM G - Quietly perched within close striking distance of its all-time high. stubbornly holding its ground in a tight range. Earnings rose +39% on +9% sales revenues for the Jun '19 quarter versus the year ago period. Prior highs in the $86 area and its 50 DMA line ($86.50) coincide defining important support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Holding Ground Stubbornly in Tight Range Near Record High - 9/10/2019 \| 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	$47.01	+2.43 5.45%	$47.22	1,366,765 62.15% of 50 DAV 50 DAV is 2,199,000	$53.43 -12.02%	6/25/2019	$37.69	PP = $40.07
								MB = $42.07
Most Recent Note - 9/12/2019 5:19:52 PM G - With a big gain today on lighter than average volume it rebounded and closed above its 50 DMA line ($46.66) helping its outlook to improve. Big losses this week triggered a technical sell signal, but it halted its slide above the prior low ($42.00 on 8/05/19) which defines the next important chart support level. Fundamentals are strong. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Violation Triggered Technical Sell Signal - 9/11/2019 \| 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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