FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, NOVEMBER 8TH, 2019

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Indices				NYSE			Nasdaq
DOW	+6.44	27,681.24	+0.02%	Volume	824,031,150	-14%	Volume	1,978,107,780	-16%
NASDAQ	+40.79	8,475.31	+0.48%	Advancers	1,519	52%	Advancers	1,677	55%
S&P 500	+7.90	3,093.08	+0.26%	Decliners	1,383	48%	Decliners	1,393	45%
Russell 2000	+4.87	1,598.86	+0.31%	52 Wk Highs	107		52 Wk Highs	98
S&P 600	+1.04	988.56	+0.11%	52 Wk Lows	45		52 Wk Lows	97

Leadership Waned as Major Indices Inched Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow added just 6 points, while the S&P 500 gained 0.3%, with each benchmark index climbing for a fifth consecutive week, the longest such streak since February. The Nasdaq Composite added 0.5%, notching its sixth weekly advance. For the week, the Dow jumped 1.2%, the S&P 500 rose 0.9% and the Nasdaq Composite climbed 1.1%. Advancers led decliners by a narrow margin on the NYSE and on the Nasdaq exchange. Leadership thinned as there were 33 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 70 on the prior session. New 52-week highs totals solidly outnumbered new 52-week lows totals on the NYSE but the totals were nearly even 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 Dow Jones Industrial Average rallied to a new record high.

U.S. equities fluctuated, but ultimately ended the day higher on Friday as investors digested the latest trade developments. Trade optimism was tempered after a report this morning indicated that White House officials have not agreed to roll back any tariffs that are currently being levied against Chinese goods. On the data front, a flash reading from the University of Michigan revealed consumer sentiment rose more than anticipated in November. Investors also digested a separate report which showed wholesale inventories dropped 0.4%, more than forecasts of a 0.3% decline. Treasuries continued their recent slump with the yield on the 10-year note up three basis points to 1.94%, the highest level since August. In commodities, COMEX gold lost 0.4% to $1,459.90/ounce, bringing its weekly decline to 3.4%, the largest drop since 2016.

Eight of 11 S&P 500 sectors finished higher with the Health Care and Information Technology groups outperforming. Energy stocks led laggards despite WTI crude adding 0.4% to $57.40/barrel. In earnings, shares of Disney (DIS +3.76%) rose after the media giant topped consensus earnings estimates. Booking Holdings (BKNG +1.58%) rose after the online travel company topped Wall Street earnings projections. Shares of Gap (GPS -7.64%) fell after the apparel maker offered weak forward guidance and announced its CEO had resigned.

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.

Tech Indices Posted Solid Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX +0.14%), Broker/Dealer Index ($XBD -0.04%), and the Retail Index ($RLX -0.03%) ended the session little changed. The Networking Index ($NWX +3.93%) posted a solid gain and the Biotech Index ($BTK +2.73%) also rallied, meanSemiconductor Index ($SOX +0.53%) tallied a smaller gain. The Oil Services Index ($OSX +0.38%) edged higher as the Integrated Oil Index ($XOI -0.22%) and the Gold & Silver Index ($XAU -0.13%) both edged lower.

Charts courtesy of www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX +0.53%) is perched at a record high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	70.20	+0.27	+0.39%	-12.90%
Integrated Oil	$XOI	1,259.07	-2.76	-0.22%	+8.62%
Semiconductor	$SOX	1,736.78	+9.10	+0.53%	+50.35%
Networking	$NWX	585.70	+22.12	+3.93%	+19.86%
Broker/Dealer	$XBD	274.19	-0.12	-0.04%	+15.53%
Retail	$RLX	2,397.01	-0.66	-0.03%	+22.83%
Gold & Silver	$XAU	91.69	-0.11	-0.12%	+29.76%
Bank	$BKX	109.72	+0.15	+0.14%	+27.89%
Biotech	$BTK	4,582.68	+121.72	+2.73%	+8.57%

Hit New High With Volume-Driven Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

N M I Holdings Inc Cl A (NMIH +$0.91 or +2.86% to $32.91) was highlighted in yellow with pivot point cited based on its 6/10/19 high plus 10 cents in the earlier mid-day report (read here). Technically it broke out on the prior session with a gain backed by +273% above average volume hitting a new all-time high. It tallied another big volume-driven gain today.

Bullish action came after it reported earnings +54% on +42% sales revenues for the Sep '19 quarter. Prior quarterly comparisons were also well above the +25% minimum guideline (C criteria). After years of losses it had profitable years for FY '16, '17, and '18.

The number of top-rated funds owning an interest rose from 388 in Dec '18 to 456 in Sep '19, a reassuring sign concerning the I criteria. It has a Timelines Rating of B and Sponsorship Rating of D.

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	$35.02	-1.21 -3.34%	$36.23	115,377 295.84% of 50 DAV 50 DAV is 39,000	$37.70 -7.11%	9/24/2019	$34.00	PP = $35.36
								MB = $37.13
Most Recent Note - 11/8/2019 12:34:21 PM Y - Retreating from its 52-week high with today's 3rd consecutive loss with above average volume. Prior highs in the $35 area define initial support above its 50 DMA line ($33.40). Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Hit New High But Did Not Close Session Above Pivot Point - 10/29/2019 \| 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	$29.97	+0.17 0.57%	$30.19	30,474 87.07% of 50 DAV 50 DAV is 35,000	$30.85 -2.85%	9/13/2019	$27.03	PP = $27.05
								MB = $28.40
Most Recent Note - 11/7/2019 5:37:18 PM G - There was a "negative reversal" after hitting another new 52-week high today. Extended from the prior base. Prior highs define important support to watch along with its 50 DMA line ($27.07). >>> FEATURED STOCK ARTICLE : Noted "Positive Reversal" on Volatile Session After Earnings - 10/31/2019 \| 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	$21.28	-0.67 -3.05%	$22.00	215,121 88.16% of 50 DAV 50 DAV is 244,000	$22.50 -5.42%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 11/7/2019 5:35:31 PM G - Color code was changed to green after recent gains back above its "max buy" level. Reported earnings +26% on +15% sales revenues for the Sep '19 quarter. Its 50 DMA line ($19.15) and recent low ($17.54 on 10/08/19) define important near-term support levels to watch. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Audiocodes is Quietly Perched Near its All-Time High - 11/7/2019 \| 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	$125.17	+1.59 1.29%	$127.08	176,738 63.12% of 50 DAV 50 DAV is 280,000	$135.32 -7.50%	10/8/2019	$129.77	PP = $132.83
								MB = $139.47
Most Recent Note - 11/4/2019 5:19:06 PM G - Retreating from its all-time high, it violated its 50 DMA line ($126) with today's volume-driven loss and its color code is changed to green. Reported Sep '19 earnings +4% on +38% sales revenues versus the year ago period, its 2nd consecutive quarterly comparison below the +25% minimum earnings guideline (C criteria), raising greater fundamental concerns. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Perched at Record High at Time of Quarterly Report - 10/30/2019 \| 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	$204.13	+1.31 0.65%	$204.31	1,302,410 65.68% of 50 DAV 50 DAV is 1,983,000	$209.02 -2.34%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 11/4/2019 5:16:56 PM G - After wedging higher with gains lacking great volume conviction it is testing its 50 DMA line ($195.60) with losses on higher volume. The prior low ($185.36 on 10/03/19) defines the next important near-term support. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Testing 50-Day Moving Average With Loss on Above Average Volume - 11/4/2019 \| 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	$81.46	-0.16 -0.20%	$82.14	1,541,266 100.93% of 50 DAV 50 DAV is 1,527,000	$85.31 -4.51%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 11/6/2019 5:13:14 PM Y - Color code is changed to yellow while consolidating below its "max buy" level and just above its 50 DMA line ($81.07). The 50 DMA line defines near-term support above the prior low ($76.35 on 10/03/19). Wedged to new all-time highs with recent gains lacking great volume conviction. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Testing Support at 50-Day Moving Average - 11/6/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NMIH - NASDAQ N M I Holdings Inc Cl A Finance-MrtgandRel Svc	$32.91	+0.92 2.86%	$33.24	832,985 212.50% of 50 DAV 50 DAV is 392,000	$33.54 -1.88%	11/8/2019	$32.89	PP = $31.44
								MB = $33.01
Most Recent Note - 11/8/2019 5:48:14 PM Y - Finished strong today after highlighted in yellow with pivot point cited based on its 6/10/19 high plus 10 cents. Technically it broke out on the prior session with a gain backed by +273% above average volume hitting a new all-time high. Tallied another volume-driven gain today. Reported earnings +54% on +42% sales revenues for the Sep '19 quarter, and prior quarterly comparisons were also well above the +25% minimum guideline (C criteria). After years of losses it had profitable years for FY '16, '17, and '18. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Hit New High With Volume-Driven Gains - 11/8/2019 \| 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	$105.38	-0.37 -0.35%	$106.98	240,424 84.36% of 50 DAV 50 DAV is 285,000	$111.48 -5.47%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 11/4/2019 5:24:04 PM G - Pulled back today after getting very extended from any sound base and powering to all-time highs with volume-driven gains. Reported earnings +24% on +5% sales revenues for the Sep '19 quarter versus the year ago period, just below the +25% minimum guideline (C criteria). Found prompt support near its 50 DMA line ($96) during its ongoing ascent. >>> 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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