FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, October 28th, 2020

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AFTER MARKET UPDATE - WEDNESDAY, OCTOBER 28TH, 2020

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Indices				NYSE			Nasdaq
DOW	-943.24	26,519.95	-3.43%	Volume	1,092,193,730	+37%	Volume	3,912,482,100	+27%
NASDAQ	-432.28	10,999.07	-3.78%	Advancers	266	9%	Advancers	475	14%
S&P 500	-28.79	3,467.31	-0.82%	Decliners	2,755	91%	Decliners	2,918	86%
Russell 2000	-47.21	1,543.28	-2.97%	52 Wk Highs	14		52 Wk Highs	21
S&P 600	-27.03	874.84	-3.00%	52 Wk Lows	98		52 Wk Lows	135

TODAY'S SPECIAL NOTICE

The major indices have clearly seen the latest uptrend come under heavy distributional pressure while leadership has waned. Disciplined investors limit exposure in rough markets and always raise cash by selling individual holdings on a case by case basis as technical weakness is noted.

Today's Big Gainers

SYM	NAME	CLOSE	CHG	% CHG
FSLR	First Solar Inc.	93.31	10.92	13.25%
HZO	Marinemax, Inc.	30.25	3.32	12.33%
CLGX	Corelogic Inc.	76.23	7.98	11.69%
FFHL	Fuwei Films (Holdings) Co. Ltd	4.62	0.29	6.70%
APT	Alpha Pro Tech, Ltd.	15.05	0.70	4.88%
COWN	Cowen, Inc.	20.96	0.93	4.64%
GNRC	Generac Holdings Inc.	217.11	9.40	4.53%
CVCO	Cavco Industries, Inc.	174.83	7.26	4.33%
ENPH	Enphase Energy Inc.	102.81	4.18	4.24%

Major Indices Suffered More Damaging Distributional Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 fell for a third straight day, dropping 3.5%. The Dow slumped 943 points, while the Nasdaq Composite tumbled 3.7%. The reported volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange, indicative of institutional selling perssure termed "distribution". Breadth was clearly negative as decliners led advancers by more than a 10-1 margin on the NYSE and near a 6-1 margin on the Nasdaq exchange. There were 8 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 17 on the prior session. For the third consecutive session new 52-week lows totals swelled and outnumbered shrinking new 52-week highs totals on the NYSE and on the Nasdaq exchange. The major indices have seen their uptrend again come under pressure (M criteria) with uncertainty raising some concerns. Investors are reminded to always make buying and selling decisions based based on the strict criteria and rules of the fact-based investment system.

Chart courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index is slumping below its 50-day moving average (DMA) line toward the September low.

Stocks finished broadly lower on Wednesday, as a resurgence in coronavirus infections and hospitalizations dampened investor sentiment. Worries that fresh mitigation efforts would stem economic activity reemerged after Germany and France both announced nationwide lockdown measures. Meanwhile, U.S. fiscal stimulus negotiations have reportedly ceased this week, with President Trump noting the White House would work on a relief bill after the November 3 election. The Cboe volatility Index, commonly referred to Wall Street’s so-called fear gauge, jumped to the highest level since June.

All 11 S&P 500 sectors fell more than 2%. Information Technology stocks led laggards with a 4.3% decline. The Communication Services also underperformed, with the oft-cited FAANG group falling 3.5%. In earnings, Microsoft MSFT -5.06%) fell after providing soft current-quarter guidance following an earnings beat. MasterCard (MA -8.11%) gapped down violating its 200 DMA line after revenue fell short of expectations amid a slowdown in travel-related spending. United Parcel Service (UPS -8.82%) fell despite a top and bottom line beat. General Electric (GE +4.51%) bucked the downtrend, rising after recording a surprise profit.

Treasuries reversed an earlier advance, with the yield on the 10-year unchanged at 0.77%. In commodities, WTI crude slid 5.8% to $37.29/barrel after an official government report showed a larger-than-expected build in U.S. crude inventories, and virus mitigation efforts dampen near-term oil demand prospects. COMEX gold fell 1.7% to $1876.20/ounce as the U.S. dollar rose 0.6% against a basket of its peers.

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.

Commodity-Linked Groups Led Financial, Retail, and Tech Lower
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX -3.31%) and financial indices had a negative influence on the major averages as the Bank Index ($BKX -2.42%) and Broker/Dealer Index ($XBD -1.83%) slumped. The Semiconductor Index ($SOX -3.41%), Networking Index ($NWX -3.37%), and Biotech Index ($BTK -2.02%) suffered unanimous losses. Commodity-linked groups suffered even bigger losses as the Gold & Silver Index ($XAU -6.82%), Oil Services Index ($OSX -6.23%), and Integrated Oil Index ($XOI -4.68%) each slumped badly.

Chart courtesy of www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI -4.68%) met stubborn resistance near its 50 DMA line in July and August and since then it has been slumping toward the March low.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	26.30	-1.75	-6.23%	-66.40%
Integrated Oil	$XOI	542.53	-26.66	-4.68%	-57.30%
Semiconductor	$SOX	2,222.41	-78.50	-3.41%	+20.16%
Networking	$NWX	533.81	-18.60	-3.37%	-8.50%
Broker/Dealer	$XBD	294.35	-5.48	-1.83%	+1.37%
Retail	$RLX	3,376.42	-115.48	-3.31%	+39.26%
Gold & Silver	$XAU	135.64	-9.92	-6.82%	+26.86%
Bank	$BKX	74.79	-1.85	-2.42%	-34.02%
Biotech	$BTK	5,248.81	-108.07	-2.02%	+3.58%

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
ADBE - NASDAQ Adobe Inc COMPUTER SOFTWARE and SERVICES - Application Software	$456.97	-21.59 -4.51%	$470.97	2,675,005 85.68% of 50 DAV 50 DAV is 3,122,000	$536.88 -14.88%	9/10/2020	$488.46	PP = $536.88
								MB = $563.72
Most Recent Note - 10/28/2020 6:07:48 PM G - Gapped down and slumped further below its 50 DMA line ($489) for a new low close with today's loss on lighter volume. Testing the prior low ($452.52 on 9/18/20) which defines the next important support to watch. Only a prompt rebound above the 50 DMA line would help its outlook improve. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Slump Below 50-Day Moving Average Again Raises Concerns - 10/22/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CRL - NYSE Charles River Labs Intl DRUGS - Biotechnology	$222.00	-7.26 -3.17%	$225.25	338,400 108.46% of 50 DAV 50 DAV is 312,000	$250.29 -11.30%	7/15/2020	$192.66	PP = $189.95
								MB = $199.45
Most Recent Note - 10/28/2020 6:09:22 PM G - Slumped to close below its 50 DMA line ($224) with today's gap down and big loss on lighter volume. Due to report Sep '20 quarterly results on 10/29/20. Volume and volatility often increase near earnings news. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Earnings Due; Consolidating Near Prior High and Above 50 DMA Line - 10/27/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AMD - NASDAQ Advanced Micro Devices ELECTRONICS - Semiconductor - Broad Line	$76.40	-2.48 -3.14%	$78.96	76,338,694 144.75% of 50 DAV 50 DAV is 52,737,000	$94.28 -18.96%	8/31/2020	$90.42	PP = $87.39
								MB = $91.76
Most Recent Note - 10/28/2020 6:13:32 PM G - Suffered a 2nd consecutive loss with heavy volume raising concerns. Weak action came after it reported earnings +128% on +56% sales revenues for the Sep '20 quarter versus the year ago period and announced it will acquire Xilinx Inc (XLNX). Any subsequent deterioration below the recent lows ($73.85 on 9/18/20) would raise greater concerns and trigger a more worrisome technical sell signal. Faces near-term resistance due to overhead supply up to the $94 level. >>> FEATURED STOCK ARTICLE : Consolidating Just Above 50-Day Moving Average - 10/14/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TER - NASDAQ Teradyne Inc ELECTRONICS - Semiconductor Equipment and Mate	$85.54	-1.92 -2.20%	$86.87	1,185,927 51.18% of 50 DAV 50 DAV is 2,317,000	$93.44 -8.45%	10/21/2020	$92.22	PP = $93.54
								MB = $98.22
Most Recent Note - 10/28/2020 6:14:35 PM Y - Volume totals have been below average while pulling back on 4 of the past 5 sessions after challenging its all-time high last week. A subsequent gain above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Reported earnings +53% on +41% sales revenues for the Sep '20 quarter versus the year ago period, its 4th consecutive quarterly comparison with earnings above the +25% minimum earnings guideline (C criteria). Sequential comparisons show encouraging acceleration in its sales revenues growth rate. Its annual earnings (A criteria) history has been strong. >>> FEATURED STOCK ARTICLE : Challenging All-Time High With Volume-Drive Gain - 10/21/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TREX - NYSE Trex Company Inc MATERIALS and CONSTRUCTION - General Building Materials	$71.72	-1.38 -1.89%	$72.89	877,503 114.71% of 50 DAV 50 DAV is 765,000	$81.23 -11.71%	6/26/2020	$54.53	PP = $66.47
								MB = $69.79
Most Recent Note - 10/27/2020 7:24:16 PM G - Pulled back further today testing its 50 DMA line ($73.14). Any subsequent losses below it or below the recent low ($63.32 on 9/21/20) would raise concerns and trigger technical sell signals. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Recently Wedged Into New High Territory - 10/16/2020 \| 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
NFLX - NASDAQ Netflix Inc SPECIALTY RETAIL - Music and Video Stores	$486.24	-2.69 -0.55%	$494.00	5,980,421 95.47% of 50 DAV 50 DAV is 6,264,000	$575.37 -15.49%	10/14/2020	$547.45	PP = $557.39
								MB = $585.26
Most Recent Note - 10/27/2020 7:26:51 PM G - Still sputtering since violating its 50 DMA line ($507) last week triggering a technical sell signal. Concerns were raised by noted fundamental and technical deterioration. Reported earnings +18% on +23% sales revenues for the Sep '20 quarter, below the +25% minimum earnings guideline (C criteria). Recent low ($458.60 on 9/18/20) defines the next important near term support where any violation would raise serious concerns and trigger a more worrisome technical sell signal. >>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure When Poised for Breakout - 10/15/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LGIH - NASDAQ L G I Homes Inc Bldg-Resident/Comml	$112.19	-0.98 -0.87%	$114.15	115,763 44.35% of 50 DAV 50 DAV is 261,000	$132.98 -15.63%	10/1/2020	$123.17	PP = $124.04
								MB = $130.24
Most Recent Note - 10/27/2020 7:31:13 PM G - Color code is changed to green while sputtering below its 50 DMA line ($116.81). A rebound above the 50 DMA line is needed for its outlook to improve. Members were cautioned with recent notes - "Recent gains above the new pivot point lacked the +40% above average volume needed to clinch a proper new (or add-on) technical buy signal." >>> FEATURED STOCK ARTICLE : Hovering Near High But Recent Gains Lacked Great Volume - 10/19/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NOW - NYSE Servicenow Inc Computer Sftwr-Enterprse	$484.05	-15.76 -3.15%	$489.92	1,772,300 131.97% of 50 DAV 50 DAV is 1,343,000	$533.37 -9.25%	8/20/2020	$453.34	PP = $454.79
								MB = $477.53
Most Recent Note - 10/28/2020 6:11:10 PM G - Gapped down today for a loss with above average volume while testing support at its 50 DMA line ($482). Subsequent losses below the 50 DMA line and prior low ($432.85 on 9/08/20) would raise concerns and trigger technical sell signals. >>> FEATURED STOCK ARTICLE : Record High With Light Volume Behind 3rd Consecutive Gain - 10/13/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
VEEV - NYSE Veeva Systems Inc Cl A Computer Sftwr-Medical	$287.27	-15.08 -4.99%	$297.32	833,334 102.75% of 50 DAV 50 DAV is 811,000	$313.99 -8.51%	10/6/2020	$287.71	PP = $298.86
								MB = $313.80
Most Recent Note - 10/28/2020 6:04:42 PM Y - Gapped down today for a big loss on higher (near average) volume amid widespread market weakness. Recently slumped back below its pivot point raising some concerns. The 50 DMA line ($281) defines important near-term support where a violation would trigger a technical sell signal. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Recently Slumped Back Below Prior Highs - 10/26/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TEAM - NASDAQ Atlassian Corp Plc Cl A Comp Sftwr-Spec Enterprs	$208.86	-4.15 -1.95%	$211.51	1,835,165 115.78% of 50 DAV 50 DAV is 1,585,000	$216.30 -3.44%	10/12/2020	$193.77	PP = $199.60
								MB = $209.58
Most Recent Note - 10/27/2020 7:28:58 PM G - Posted a gain today with light volume for its best-ever close and its color code is changed to green after rising back above its "max buy" level. Prior highs in the $199 area define initial support to watch above its 50 DMA line. >>> FEATURED STOCK ARTICLE : TEAM Perched Within Close Striking Distance of New Highs - 10/12/2020 \| 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

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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