FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, December 5th, 2019

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AFTER MARKET UPDATE - THURSDAY, DECEMBER 5TH, 2019

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Indices				NYSE			Nasdaq
DOW	+28.01	27,677.79	+0.10%	Volume	786,905,200	-16%	Volume	2,060,417,489	-4%
NASDAQ	+4.03	8,570.70	+0.05%	Advancers	1,551	54%	Advancers	1,490	49%
S&P 500	+4.67	3,117.43	+0.15%	Decliners	1,329	46%	Decliners	1,571	51%
Russell 2000	+0.94	1,614.83	+0.06%	52 Wk Highs	61		52 Wk Highs	70
S&P 600	+2.72	988.01	+0.28%	52 Wk Lows	25		52 Wk Lows	64

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

The Dow gained 28 points, while the S&P 500 added 0.2%. The Nasdaq Composite ticked up less than 0.1%. Advancers led decliners by a narrow margin on the NYSE and decliners led advancers by a narrow margin on the Nasdaq exchange. The volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange. There were 25 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 28 on the prior session. New 52-week highs totals contracted but still outnumbered new 52-week lows 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 is consolidating above prior highs and its 50-day moving average (DMA) line which define near-term support.

Stocks finished little changed Thursday, as investors digested economic updates and monitored the latest developments on the trade front. The most recent reports suggested that Washington and China are struggling to find middle ground on the size of agricultural purchases. Meanwhile, remarks earlier this morning from Chinese officials indicated the two countries are maintaining close communications, which helped fuel optimism that an accord can still be reached in the coming weeks.

Eight of 11 sectors ended the day in positive territory with Materials leading the advance. In earnings, Five Below (FIVE +4.75%) rose after the discount retailer beat Wall Street’s estimates in the third quarter, however earnings were down -23% from the year ago period. Restoration Hardware (RH +13.40%) jumped to an all-time high after topping consensus estimates for profit and revenue, and also raised its forward earnings guidance for 2020. Meanwhile, Nike (NKE +2.21%) rose following an analyst upgrade.

On the data front, initial jobless claims fell to 203,000 in the most recent week, the lowest level in seven months. Separate reports showed factory orders ticked up 0.3% and durable goods rose 0.5% in October. The trade deficit narrowed by 7.6% to $47.2 billion in October, the lowest since May 2018. Treasuries weakened, with the yield on the benchmark 10-year note increasing three basis points to 1.80%.

In commodities, WTI crude ended the day flat as investors await decisions from OPEC’s meeting on production cuts for 2020. COMEX gold advanced 0.1% to $1,474.90/ounce.

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.

Gold & Silver, Bank, and Semiconductor Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX +0.48%) posted a modest gain while the Broker/Dealer Index ($XBD +0.07%) finished flat and the Retail Index ($RLX -0.62%) lost ground. The tech sector was led by a small gain from the Semiconductor Index ($SOX +0.37%), but the Biotech Index ($BTK -0.12%) and the Networking Index ($NWX -0.26%) each suffered a small loss. The Oil Services Index ($OSX -0.51%) and the Integrated Oil Index ($XOI -0.61%) both edged lower, meanwhile, the Gold & Silver Index ($XAU +0.89%) posted a standout gain.

Charts courtesy of www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU +0.89%) has been rebounding and is perched only -3.8% off its August high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	68.21	-0.36	-0.53%	-15.37%
Integrated Oil	$XOI	1,193.73	-7.28	-0.61%	+2.99%
Semiconductor	$SOX	1,697.66	+6.21	+0.37%	+46.96%
Networking	$NWX	562.84	-1.45	-0.26%	+15.18%
Broker/Dealer	$XBD	286.22	+0.21	+0.07%	+20.60%
Retail	$RLX	2,344.42	-14.64	-0.62%	+20.14%
Gold & Silver	$XAU	98.38	+0.87	+0.89%	+39.23%
Bank	$BKX	109.28	+0.52	+0.48%	+27.38%
Biotech	$BTK	5,053.42	-6.30	-0.12%	+19.73%

Found Support at 50-Day Average During Choppy Consolidation
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Globant SA (GLOB +$1.29 or +1.29% to $101.45) again slumped near its 50-day moving average (DMA) line ($97.43) which recently acted as support. Prior lows and its 200 DMA line define the next important support to watch.

GLOB was highlighted in yellow with new pivot point cited based on its 8/01/19 high plus 10 cents in the 11/14/19 mid-day report (read here). It pulled back abruptly after last shown in this FSU section on 11/14/19 with an annotated graph under the headline, "Rallying Near High With 12th Consecutive Gain".

Choppy action came after it reported earnings +35% on +27% sales revenues for the Sep '19 quarter versus the year ago period, continuing its strong earning track record above the +25% minimum earnings guideline (C criteria). It has a strong annual earnings (A criteria) history and has a 97 Earnings Per Share Rating.

This Luxembourg-based Computer - Tech Services firm completed a Secondary Offering on 6/21/18. The number of top-rated funds owning its shares rose from 235 in Mar '18 to 529 in Sep '19, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness rating of A and Sponsorship Rating of C. Its small supply of 36.6 million shares outstanding (S criteria) 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
MLR - NYSE Miller Industries Inc AUTOMOTIVE - Auto Parts	$35.92	+0.31 0.87%	$36.29	36,768 83.56% of 50 DAV 50 DAV is 44,000	$37.70 -4.72%	9/24/2019	$34.00	PP = $35.36
								MB = $37.13
Most Recent Note - 12/4/2019 5:45:57 PM Y - Pulled back today for a 4th consecutive loss with light volume, remaining near its 52-week high. Prior highs in the $35 area define initial support above its 50 DMA line ($34.39). Showed resilience after recently reporting earnings which were below the fundamental guidelines of the fact-based investment system. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Miller Still Quietly Hovering Above Prior Highs - 12/4/2019 \| 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	$28.57	-0.08 -0.28%	$28.95	18,477 47.38% of 50 DAV 50 DAV is 39,000	$30.85 -7.39%	9/13/2019	$27.03	PP = $27.05
								MB = $28.40
Most Recent Note - 12/4/2019 5:49:11 PM G - Posted a gain today with light volume after it tested its 50 DMA line ($28.31) and prior highs which define important support to watch. More damaging losses would raise concerns and trigger a technical sell signal. >>> 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	$104.91	+1.34 1.29%	$104.97	1,352,518 99.01% of 50 DAV 50 DAV is 1,366,000	$106.00 -1.03%	11/11/2019	$97.14	PP = $97.06
								MB = $101.91
Most Recent Note - 12/2/2019 12:33:21 PM G - Stubbornly holding its ground after getting extended from the prior base. Prior high in the $97 area defines initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Extended From Prior Base Perched Near Record HIgh - 12/2/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SPSC - NASDAQ S P S Commerce Inc COMPUTER SOFTWARE and SERVICES - Application Software	$55.95	+0.36 0.65%	$56.26	239,368 119.09% of 50 DAV 50 DAV is 201,000	$59.14 -5.39%	11/29/2019	$56.59	PP = $59.24
								MB = $62.20
Most Recent Note - 12/4/2019 5:56:20 PM Y - Finished lower with today's 5th consecutive loss after stalling near its all-time high. Subsequent gains above its pivot point backed by at least +40% above average volume are needed to trigger a new technical buy signal. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Rebound Leaves Supply Chain Management Software Firm Near High - 11/29/2019 \| 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	$23.84	-0.62 -2.53%	$24.60	238,758 86.51% of 50 DAV 50 DAV is 276,000	$25.04 -4.79%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 12/4/2019 12:42:22 PM G - Inching into new high territory with today's 3rd consecutive gain adding to a spurt of gains marked by near average volume. Prior highs in the $22 area define initial support above its 50 DMA line ($20.65). Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Volume Totals Cooling After Gains for New Highs - 11/22/2019 \| 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
CHDN - NASDAQ Churchill Downs Inc LEISURE - Gaming Activities	$129.73	+0.46 0.36%	$130.24	157,236 52.94% of 50 DAV 50 DAV is 297,000	$135.32 -4.13%	10/8/2019	$129.77	PP = $132.83
								MB = $139.47
Most Recent Note - 12/2/2019 12:31:23 PM G - Perched within close striking distance of its 52-week high, but extended from any sound base. Its 50 DMA line ($128) defines near-term support above the prior low ($121.81 on 11/07/19) The Jun and Sep '19 quarterly earnings versus the year ago periods were both below the +25% minimum guideline (C criteria) and raised fundamental concerns. >>> 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
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$230.79	+5.21 2.31%	$230.82	1,366,252 87.92% of 50 DAV 50 DAV is 1,554,000	$229.65 0.50%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 12/4/2019 5:53:02 PM G - Extended from any sound base and stubbornly holding its ground near its all-time high. Its 50 DMA line ($206) defines important near-term support. >>> FEATURED STOCK ARTICLE : New High Close Stretches Already Extended Leader - 11/26/2019 \| 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	$88.24	+1.19 1.37%	$88.36	1,931,927 117.59% of 50 DAV 50 DAV is 1,643,000	$92.41 -4.51%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 12/2/2019 12:32:26 PM G - Consolidating after getting extended from any sound base. The 50 DMA line ($83.22) defines near-term support above the prior low ($80.71 on 11/06/19). Fundamentals remain strong. >>> 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	$32.94	+0.28 0.86%	$33.27	360,111 83.36% of 50 DAV 50 DAV is 432,000	$34.50 -4.52%	11/8/2019	$32.89	PP = $31.44
								MB = $33.01
Most Recent Note - 12/4/2019 5:51:40 PM G - Consolidating above prior highs in the $30-31 area which define initial support along with its 50 DMA line ($30.04). >>> FEATURED STOCK ARTICLE : Holding Ground Stubbornly Near All-Time High - 11/27/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SPLK - NASDAQ Splunk Inc Computer Sftwr-Database	$146.14	-0.48 -0.33%	$147.81	848,486 45.47% of 50 DAV 50 DAV is 1,866,000	$152.68 -4.28%	11/25/2019	$147.79	PP = $142.16
								MB = $149.27
Most Recent Note - 12/4/2019 5:54:07 PM Y - Color code is changed to yellow after quietly pulling back below its "max buy" level. Prior highs in the $142-143 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Spurt of Volume-Driven Gains Reaches New All-Time High - 11/25/2019 \| 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
PAYC - NYSE Paycom Software Inc COMPUTER SOFTWARE and SERVICES - Application Software	$268.53	-1.38 -0.51%	$274.01	458,173 79.41% of 50 DAV 50 DAV is 577,000	$279.95 -4.08%	11/20/2019	$252.97	PP = $259.81
								MB = $272.80
Most Recent Note - 12/2/2019 12:12:49 PM G - Pulling back after an impressive streak of 14 consecutive gains left it extended from the prior base. Prior high ($259) defines initial support to watch on pullbacks. Fundamentals remain strong. >>> 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	$110.38	+1.10 1.01%	$111.82	214,144 80.20% of 50 DAV 50 DAV is 267,000	$113.74 -2.95%	5/17/2019	$82.19	PP = $87.31
								MB = $91.68
Most Recent Note - 12/3/2019 5:08:14 PM G - Consolidating after getting extended from any sound base. Bullish action has continued after it 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). Its 50 DMA line ($102.71) acted as support during its ongoing ascent. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Consolidating After Getting Extended From Any Sound Base - 12/3/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
GLOB - NYSE Globant SA Computer-Tech Services	$101.45	+1.29 1.29%	$102.81	216,040 80.91% of 50 DAV 50 DAV is 267,000	$112.33 -9.69%	11/14/2019	$106.87	PP = $112.43
								MB = $118.05
Most Recent Note - 12/5/2019 5:11:28 PM G - Posted a 2nd consecutive gain with light volume. Found support after again slumping near its 50 DMA line ($97.43) with volume-driven losses. Prior lows and its 200 DMA line define the next important support to watch. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Found Support at 50-Day Average During Choppy Consolidation - 12/5/2019 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I

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