FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, October 24th, 2019

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AFTER MARKET UPDATE - THURSDAY, OCTOBER 24TH, 2019

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Indices				NYSE			Nasdaq
DOW	-28.42	26,805.53	-0.11%	Volume	805,747,230	+4%	Volume	1,839,831,426	+2%
NASDAQ	+66.01	8,185.80	+0.81%	Advancers	1,317	46%	Advancers	1,393	46%
S&P 500	+5.67	3,010.19	+0.19%	Decliners	1,537	54%	Decliners	1,648	54%
Russell 2000	-2.72	1,550.13	-0.18%	52 Wk Highs	146		52 Wk Highs	92
S&P 600	-2.27	961.55	-0.24%	52 Wk Lows	28		52 Wk Lows	57

Indices Finished Mixed Amid Wave of Earnings Reports
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow fell 28 points, while the S&P 500 added 0.2%. The Nasdaq Composite rose 0.8%. Volume totals reported were higher than the prior session totals on the Nasdaq exchange and on the NYSE. Decliners led advancers by an 8-7 margin on the NYSE and on the Nasdaq exchange. There were 55 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 46 on the prior session. New 52-week highs outnumbered new 52-week lows 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 Nasdaq Composite Index is consolidating above its 50-day moving average (DMA) line and perched only -1.9% off its record high. Its 200 DMA line and prior lows define important near-term support.

Stocks finished mixed on Thursday, as investors digested an influx of corporate profit tallies on the single busiest day of earnings season. Technology shares outperformed with Microsoft (MSFT +1.97%) rose after its profit and revenue figures exceeded consensus forecasts. Shares of Lam Research (LRCX +13.90%) also helped buoy the sector after the chipmaker topped Wall Street earnings and revenue projections. 3M (MMM -4.06%) weighed on the Dow after the company missed analyst estimates and cut its full-year profit forecast. Ford Motor (F -6.62%) following a lackluster quarterly report that included a reduction in its full-year outlook. Tesla (TSLA +17.67%) rose after delivering a surprise profit during the third quarter. Twitter (TWTR -20.86%) sank following its soft current-quarter revenue guidance.

Economic data reports were also in focus, with durable goods orders falling 1.1% in September, the worst since May. Updates from research firm IHS Markit revealed manufacturing and services PMI figures improved in October, hovering in expansionary territory. Treasuries were little changed, with the yield on the 10-year note holding steady at 1.76%.

Investors also kept tabs on U.S.-China trade relations, with White House trade advisor Peter Navarro commenting that a phase one deal will include intellectual property guidelines and enforcement mechanisms. Earlier, a report revealed China would buy $20 billion of U.S. agricultural products in a year if the two sides sign a partial trade pact. In commodities, WTI crude added 0.4% to $56.20/barrel. COMEX Gold rose 0.6% to $1,498.90/ounce despite a stronger 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, Semiconductor, and Gold & Silver Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX -0.48%) outpaced the Broker/Dealer Index ($XBD -0.13%) to the downside while the Retail Index ($RLX +0.42%) edged higher. The tech sector was mixed as the Semiconductor Index ($SOX +2.47%) posted a solid gain, the Biotech Index ($BTK +0.09%) finished flat, and the Networking Index ($NWX -1.56%) slumped. Commodity-linked groups were mixed as the Oil Services Index ($OSX -1.46%) slumped and the Integrated Oil Index ($XOI +0.21%) edged higher, and the Gold & Silver Index ($XAU +2.22%) posted solid gain.

Charts courtesy of www.stockcharts.com

PICTURED: The Bank Index ($BKX -0.48%) recently touched a new 2019 high. Further improvement may bode well for the broader market outlook, because the financial indexes have usually been reliable leading indicators.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	66.61	-0.99	-1.46%	-17.36%
Integrated Oil	$XOI	1,233.57	+2.48	+0.20%	+6.42%
Semiconductor	$SOX	1,615.51	+38.93	+2.47%	+39.85%
Networking	$NWX	552.24	-8.78	-1.56%	+13.01%
Broker/Dealer	$XBD	261.25	-0.33	-0.13%	+10.08%
Retail	$RLX	2,402.71	+10.08	+0.42%	+23.13%
Gold & Silver	$XAU	92.00	+2.00	+2.22%	+30.20%
Bank	$BKX	103.58	-0.50	-0.48%	+20.74%
Biotech	$BTK	4,363.60	+4.04	+0.09%	+3.38%

Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
See the Featured Stocks with most recent note below. Feel free to contact us if you have a need for any additional information.

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	$33.51	-0.75 -2.19%	$34.42	42,880 134.00% of 50 DAV 50 DAV is 32,000	$35.26 -4.96%	9/24/2019	$34.00	PP = $35.36
								MB = $37.13
Most Recent Note - 10/23/2019 5:58:10 PM G - Rallied from near its 50 DMA line ($32.46) to nearly challenge prior highs with today's big volume-driven gain. Halted its slide recently at its 200 DMA line. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Tested Support at Long-Term 200-Day Moving Average - 10/9/2019 \| 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	$28.42	+0.00 0.00%	$28.72	61,272 211.28% of 50 DAV 50 DAV is 29,000	$28.46 -0.14%	9/13/2019	$27.03	PP = $27.05
								MB = $28.40
Most Recent Note - 10/24/2019 12:18:48 PM G - Hitting another new 52-week high with today's 6th consecutive gain. Color code was changed to green after closing above its "max buy" level. Prior highs define initial support to watch above its 50 DMA line ($26.07). Due to report earnings news on 10/29/19. >>> FEATURED STOCK ARTICLE : Perched Near High With Earnings News Due Next Week - 10/14/2019 \| 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	$18.45	-0.06 -0.32%	$18.84	134,005 66.67% of 50 DAV 50 DAV is 201,000	$22.50 -18.00%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 10/21/2019 5:42:13 PM G - Consolidating above its 50 DMA line ($18.43) but still sputtering below the prior pivot point. Recent low ($17.54 on 10/08/19) defines the next important support. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Average But Below Prior Pivot Point - 10/21/2019 \| 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	$132.34	+0.98 0.75%	$133.11	134,081 54.06% of 50 DAV 50 DAV is 248,000	$133.55 -0.91%	10/8/2019	$129.77	PP = $132.83
								MB = $139.47
Most Recent Note - 10/18/2019 5:51:40 PM Y - Churned heavy volume as it rallied for a best-ever close today. Stubbornly holding its ground near its all-time high following volume-driven gains last week. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($123.42) acted as support in recent weeks during its consolidation. 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 : Volume-Driven Gain for Record High Close - 10/8/2019 \| 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	$206.84	+1.38 0.67%	$206.88	832,381 44.99% of 50 DAV 50 DAV is 1,850,000	$209.02 -1.04%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 10/18/2019 5:44:08 PM G - Hit a new all-time high as it rose above its "max buy" level and its color code is changed to green. Its 50 DMA line ($190) and recent low ($185.36 on 10/03/19) define important near-term support. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : LULU Stretches to Hit New Record High - 10/18/2019 \| 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	$84.63	+1.59 1.91%	$84.72	1,582,557 107.36% of 50 DAV 50 DAV is 1,474,000	$84.90 -0.32%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 10/22/2019 5:28:29 PM Y - Color code is changed to yellow after reversal and retreat below its "max buy" level. Its 50 DMA line ($79.31) defines near-term support above the prior low ($76.35 on 10/03/19). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Reversed Into Red Today After Hitting New All-Time High - 10/22/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PFPT - NASDAQ Proofpoint Inc Computer Sftwr-Security	$124.45	+3.05 2.51%	$125.28	940,734 123.99% of 50 DAV 50 DAV is 758,700	$133.58 -6.83%	10/1/2019	$129.59	PP = $132.95
								MB = $139.60
Most Recent Note - 10/18/2019 5:50:04 PM G - Violated its 50 DMA line ($122.75) with a volume-driven loss today triggering a technical sell signal and its color code is changed to green. Met stubborn resistance in the $132 area in recent months. A prompt rebound above the 50 DMA line is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Recently Met Stubborn Resistance Near Prior Highs - 10/17/2019 \| 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	$100.05	+1.23 1.24%	$100.30	175,609 71.68% of 50 DAV 50 DAV is 245,000	$102.81 -2.68%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 10/23/2019 5:53:42 PM G - Pulled back today for a 4th straight loss with light volume after wedging into all-time high territory with gains lacking great volume conviction. Earnings rose +39% on +9% sales revenues for the Jun '19 quarter versus the year ago period. Its 50 DMA line ($94.42) defines important support to watch along with its prior low ($91.31 on 10/03/19). See the latest FSU analysis for more details and a new annotated graph. >>> 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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