FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, November 21st, 2019

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AFTER MARKET UPDATE - THURSDAY, NOVEMBER 21ST, 2019

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Indices				NYSE			Nasdaq
DOW	-54.80	27,766.29	-0.20%	Volume	827,822,210	-19%	Volume	2,058,164,180	-20%
NASDAQ	-20.52	8,506.21	-0.24%	Advancers	1,127	40%	Advancers	1,322	43%
S&P 500	-4.92	3,103.54	-0.16%	Decliners	1,718	60%	Decliners	1,769	57%
Russell 2000	-7.65	1,583.96	-0.48%	52 Wk Highs	50		52 Wk Highs	72
S&P 600	-4.57	969.46	-0.47%	52 Wk Lows	67		52 Wk Lows	91

Leadership Wanes as Major Indices Edge LOwer
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow fell 54 points, while the S&P 500 lost 0.2%, with both benchmark indexes declining for a third straight session. The Nasdaq Composite slipped 0.2%. Decliners led advancers by a 3-2 margin on the NYSE and on the Nasdaq exchange. Volume totals reported were lighter than the prior session on both major exchanges. There were 26 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 42 on the prior session. New 52-week lows totals outnumbered new 52-week highs totals 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 S&P 500 Index retreated from its record high with 3 consecutive losses.

The major averages extended their recent retreat from their respective all-time highs notched earlier this week, as investors digested the latest developments on the trade front. A report showed Chinese Vice Premier Liu He invited the U.S. to Beijing to further negotiations and said he is “cautiously optimistic” about a phase one deal. Meanwhile, U.S. political intervention tempered investor sentiment after the House passed legislation that supports Hong Kong anti-government protesters.

On the data front, the leading economic index decreased 0.1% in October, in-line with projections. A separate report showed existing home sales rose 1.9% in October, rebounding from the prior month’s downwardly revised 2.5% decline. Treasuries weakened, with the yield on the 10-year note rising four basis points to 1.77%. In commodities, WTI crude jumped 2.5% to $58.43/barrel, near a nine-week high. COMEX gold fell 0.6% to $1,464.80/ounce.

Eight of 11 S&P 500 sectors ended in negative territory with Real Estate group lagging the most. Consumer Discretionary shares also underperformed with Macy’s (M -2.33%) falling after posting its first same store sales decline in two-years and cutting full-year guidance. L Brands (LB +8.06%) bucked the sector’s downward trend after issuing solid third quarter earnings results. In M&A news, TD Ameritrade (AMTD +16.92%) rose following reports that Charles Schwab (SCHW +7.33%) is interested in acquiring the online brokerage firm. PayPal (PYPL -1.48%) fell after announcing an acquisition of privately held Honey Science for $4 billion.

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.

Broker/Dealer, Biotech, and Energy-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Broker/Dealer Index ($XBD +0.50%) posted a modest gain and the Bank Index ($BKX +0.08%) held its ground. The tech sector was mixed as the Biotech Index ($BTK +0.41%) posted a modest gain while the Semiconductor Index ($SOX -1.13%) and the Networking Index ($NWX -0.81%) both ended the session lower. Commodity-linked ground were mixed, with energy groups showing a positive bias as the Oil Services Index ($OSX +2.29%) and Integrated Oil Index ($XOI +1.26%) rose, meanwhile, the Gold & Silver Index ($XAU -1.91%) lost ground.

Charts courtesy of www.stockcharts.com

PICTURED: The Retail Index ($RLX -0.42%) is slumping below its 50 DMA line toward its 200 DMA line which defines important support.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	67.28	+1.50	+2.28%	-16.53%
Integrated Oil	$XOI	1,230.87	+15.33	+1.26%	+6.19%
Semiconductor	$SOX	1,690.83	-19.31	-1.13%	+46.37%
Networking	$NWX	574.82	-4.72	-0.81%	+17.63%
Broker/Dealer	$XBD	280.93	+1.40	+0.50%	+18.37%
Retail	$RLX	2,350.61	-9.96	-0.42%	+20.46%
Gold & Silver	$XAU	93.84	-1.83	-1.91%	+32.80%
Bank	$BKX	108.19	+0.08	+0.07%	+26.11%
Biotech	$BTK	4,795.95	+19.69	+0.41%	+13.63%

Gapped Up Following Another Strong Earnings Report
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Copart Inc (CPRT +$2.93 or +3.45% to $87.85) gapped up today hitting a new all-time high. It is extended from any sound base. The 50-day moving average (DMA) line ($82.41) defines near-term support above the prior low ($80.71 on 11/06/19).

Bullish action came after it reported earnings +38% on +20% sales revenues for the Oct '19 quarter, continuing its strong earnings track record. The past 3 quarterly earnings increases were above the +25% minimum guideline (C criteria) and its sales revenues growth rate has accelerated. Annual earnings (A criteria) history has been strong and steady since a downturn in FY '13.

CPRT was last shown in this FSU session on 11/06/19 with an annotated graph under the headline, "Testing Support at 50-Day Moving Average". A volume-driven gain above the pivot point on 9/05/19 clinched a technical buy signal when CPRT was highlighted in yellow with pivot point cited based on its 7/26/19 high plus 10 cents (read here).

The number of top-rated funds owning its shares rose from 1,120 in Sep '18 to 1,353 in Sep '19, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of B.

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	$35.79	+0.39 1.10%	$36.09	52,020 118.23% of 50 DAV 50 DAV is 44,000	$37.70 -5.07%	9/24/2019	$34.00	PP = $35.36
								MB = $37.13
Most Recent Note - 11/21/2019 12:09:10 PM Y - Prior highs in the $35 area define initial support above its 50 DMA line ($34.06). Showed resilience after recently reporting earnings which were below the fundamental guidelines of the fact-based investment system. >>> FEATURED STOCK ARTICLE : Showing Resilience After Latest Quarter Missed Minimum Guidelines - 11/15/2019 \| 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	$29.30	-0.16 -0.54%	$29.62	34,851 89.36% of 50 DAV 50 DAV is 39,000	$30.85 -5.02%	9/13/2019	$27.03	PP = $27.05
								MB = $28.40
Most Recent Note - 11/20/2019 12:26:05 PM G - Consolidating after getting extended from the prior base. Prior highs define important support to watch along with its 50 DMA line ($27.93). >>> FEATURED STOCK ARTICLE : Consolidating After Volume-Driven Gains for New Highs - 11/19/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
FTNT - NASDAQ Fortinet Inc Computer Sftwr-Security	$103.02	+0.57 0.56%	$103.52	1,334,224 96.89% of 50 DAV 50 DAV is 1,377,000	$106.00 -2.81%	11/11/2019	$97.14	PP = $97.06
								MB = $101.91
Most Recent Note - 11/20/2019 5:30:48 PM G - There was a "negative reversal" after hitting a new all-time high today as it abruptly retreated for a loss with higher volume. Prior highs in the $97 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Reversed Into Red Today After Touching New High - 11/11/2019 \| 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	$22.78	-0.40 -1.73%	$23.28	215,318 72.25% of 50 DAV 50 DAV is 298,000	$24.35 -6.45%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 11/19/2019 1:51:05 PM G - Retreating from its all-time high today following 3 consecutive gains marked by volume. Its 50 DMA line ($19.94) and recent low ($17.54 on 10/08/19) define important near-term support levels to watch. Bullish action came after it reported earnings +26% on +15% sales revenues for the Sep '19 quarter, continuing its strong earnings track record. >>> 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	$128.25	-1.15 -0.89%	$129.92	274,182 98.63% of 50 DAV 50 DAV is 278,000	$135.32 -5.22%	10/8/2019	$129.77	PP = $132.83
								MB = $139.47
Most Recent Note - 11/18/2019 6:26:29 PM G - Rebounded above its 50 DMA line ($126.87) with today's gain backed by lighter than average volume. 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 a new annotated graph. >>> FEATURED STOCK ARTICLE : Resilience Shown Despite Another Sub Par Earnings Report - 11/18/2019 \| 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
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$216.74	-0.30 -0.14%	$218.90	977,589 60.80% of 50 DAV 50 DAV is 1,608,000	$219.97 -1.47%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 11/18/2019 6:30:17 PM G - Hit yet another new all-time high with today's 9th consecutive gain. Found prompt support again near its 50 DMA line ($199.87). The prior low ($191.21 on 11/05/19) defines the next important near-term support. >>> 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
CPRT - NASDAQ Copart Inc SPECIALTY RETAIL - Auto Dealerships	$87.85	+2.93 3.45%	$91.73	4,988,285 332.55% of 50 DAV 50 DAV is 1,500,000	$86.79 1.22%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 11/21/2019 5:39:29 PM G - Gapped up today and hit a new all-time high with a volume-driven gain. Reported earnings +38% on +20% sales revenues for the Oct '19 quarter, continuing its strong earnings track record. The 50 DMA line ($82.38) defines near-term support above the prior low ($80.71 on 11/06/19). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Gapped Up Following Another Strong Earnings Report - 11/21/2019 \| 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	$32.97	+0.16 0.49%	$33.04	325,087 73.22% of 50 DAV 50 DAV is 444,000	$34.50 -4.43%	11/8/2019	$32.89	PP = $31.44
								MB = $33.01
Most Recent Note - 11/19/2019 6:39:31 PM G - Holding its ground after rising above its "max buy" level with gains backed by above average volume. 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. >>> 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
PAYC - NYSE Paycom Software Inc COMPUTER SOFTWARE and SERVICES - Application Software	$261.46	+0.53 0.20%	$263.67	1,037,720 174.41% of 50 DAV 50 DAV is 595,000	$261.51 -0.02%	11/20/2019	$252.97	PP = $259.81
								MB = $272.80
Most Recent Note - 11/21/2019 12:18:37 PM Y - Finished strong on the prior session after highlighted in yellow with new pivot point cited based on its 8/29/19 high plus 10 cents. The big gain for a new high triggered a technical buy signal. Found support after undercutting its 200 DMA line since dropped from the Featured Stocks list on 9/12/19. Fundamentals remain strong. It reported earnings +35% on +31% sales revenues for the Sep '19 quarter. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Powerful Gain for New High Backed by Heavy Volume - 11/20/2019 \| 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	$109.69	-0.58 -0.53%	$112.41	244,407 85.76% of 50 DAV 50 DAV is 285,000	$112.18 -2.22%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 11/19/2019 6:29:24 PM G - Extended from any sound base and consolidating after volume-driven gains for new all-time highs. 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 ($99.84) during its ongoing ascent. >>> FEATURED STOCK ARTICLE : Perched Near High Following Recent Volume-Driven Gains - 11/12/2019 \| 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
GLOB - NYSE Globant SA Computer-Tech Services	$99.99	+0.43 0.43%	$100.37	587,409 243.74% of 50 DAV 50 DAV is 241,000	$112.33 -10.99%	11/14/2019	$106.87	PP = $112.43
								MB = $118.05
Most Recent Note - 11/20/2019 5:32:33 PM G - Rebounding following 2 damaging volume-driven losses after recently featured, finding prompt support near its 50 DMA line ($94.92). Reported earnings +35% on +27% sales revenues for the Sep '19 quarter. >>> FEATURED STOCK ARTICLE : Rallying Near High With 12th Consecutive Gain - 11/14/2019 \| 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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