FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, DECEMBER 6TH, 2019

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Indices				NYSE			Nasdaq
DOW	+337.27	28,015.06	+1.22%	Volume	850,417,340	+8%	Volume	2,006,283,491	-3%
NASDAQ	+85.83	8,656.53	+1.00%	Advancers	2,135	74%	Advancers	2,210	71%
S&P 500	+28.48	3,145.91	+0.91%	Decliners	743	26%	Decliners	888	29%
Russell 2000	+19.00	1,633.84	+1.18%	52 Wk Highs	155		52 Wk Highs	188
S&P 600	+14.12	1,002.13	+1.43%	52 Wk Lows	14		52 Wk Lows	42

Major Indice Rallied as Leadership Improved
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow climbed 337 points, paring its weekly fall to 0.1%. The S&P 500 reversed its weekly losses with Friday’s jump of 0.9%, ending 0.2% higher for the week. The Nasdaq Composite gained 1%, cutting its weekly decline to just 0.1%. Advancers led decliners by a almost a 3-1 margin on the NYSE and more than a 2-1 margin on the Nasdaq exchange. The volume totals were mixed, higher than the prior session on the NYSE and lighter on the Nasdaq exchange. Leadership improved as there were 68 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 25 on the prior session. New 52-week highs totals expanded and solidly 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 Nasdaq Composite Index is consolidating above prior highs and its 50-day moving average (DMA) line which define near-term support.

Stocks finished firmly higher on Friday, as investors digested a robust November jobs report. On the data front, the Labor Department’s monthly jobs report showed 266,000 jobs were added in November, well above economists’ forecasts of 180,000, while the prior month’s figure was upwardly revised to 156,000 from 128,000. The unemployment rate unexpectedly ticked down to 3.5% in the November. Separately, a preliminary update on December consumer sentiment from the University of Michigan reached a seven-month high, with the figure increasing to 99.2 from the prior month’s reading of 96.8.

Amid the “risk-on” mood, perceived safe haven assets declined. COMEX gold lost 1.2%, while Treasuries weakened along the curve. The yield on the 10-year note rose four basis points to 1.84%. On the trade front, China announced it would exclude tariffs on some soybean and pork purchases, signaling progress towards a preliminary trade agreement.

Ten of 11 S&P 500 sectors finished higher, with Utilities the lone decliner. The Energy group paced the gains with WTI crude up 1.0% to $59.02/barrel. Shares of Google’s parent Alphabet (GOOGL +0.94%) and Apple (AAPL+1.93%) both reached record levels. In earnings, Ulta Beauty (ULTA +11.09%) rallied after beating profit estimates. Discount retailer Big Lots (BIG +31.58%) gapped up after a solid earnings report and saying it expects to return to earnings growth in 2020.

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.

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

The Bank Index ($BKX +1.52%) and the Broker/Dealer Index ($XBD +0.94%) both outpaced the Retail Index ($RLX +0.75%). The tech sector was led by the Semiconductor Index ($SOX +1.56%) while the Biotech Index ($BTK +0.46%) posted a smalller gain and the Networking Index ($NWX +0.03%) finished flat. Commodity-linked groups were mixed as the Oil Services Index ($OSX +4.68%) was a standout gainer and the Integrated Oil Index ($XOI +2.04%) also rose, meanwhile, the Gold & Silver Index ($XAU -2.53%) was a standout decliner.

Charts courtesy of www.stockcharts.com

PICTURED: The Oil Services Index ($OSX +4.68%) posted a big gain. It has been consolidating above its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	71.41	+3.20	+4.69%	-11.40%
Integrated Oil	$XOI	1,218.08	+24.34	+2.04%	+5.09%
Semiconductor	$SOX	1,724.21	+26.55	+1.56%	+49.26%
Networking	$NWX	563.01	+0.16	+0.03%	+15.21%
Broker/Dealer	$XBD	288.91	+2.69	+0.94%	+21.73%
Retail	$RLX	2,362.07	+17.65	+0.75%	+21.04%
Gold & Silver	$XAU	95.90	-2.48	-2.52%	+35.72%
Bank	$BKX	110.95	+1.67	+1.53%	+29.33%
Biotech	$BTK	5,076.49	+23.07	+0.46%	+20.27%

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	$35.82	+0.08 0.22%	$36.42	65,844 149.65% of 50 DAV 50 DAV is 44,000	$37.70 -4.99%	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	$28.88	+0.44 1.55%	$29.17	39,006 102.65% of 50 DAV 50 DAV is 38,000	$30.85 -6.39%	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	$103.59	-1.32 -1.26%	$105.66	1,032,569 75.15% of 50 DAV 50 DAV is 1,374,000	$106.00 -2.27%	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	$55.62	-0.33 -0.59%	$56.57	201,503 98.78% of 50 DAV 50 DAV is 204,000	$59.14 -5.95%	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	$23.76	-0.08 -0.34%	$24.25	208,831 76.78% of 50 DAV 50 DAV is 272,000	$25.04 -5.11%	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	$131.41	+1.68 1.29%	$132.13	252,236 85.79% of 50 DAV 50 DAV is 294,000	$135.32 -2.89%	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	$229.38	-1.41 -0.61%	$233.12	1,904,001 122.52% of 50 DAV 50 DAV is 1,554,000	$230.82 -0.62%	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	$88.58	+0.34 0.39%	$89.51	1,186,912 71.46% of 50 DAV 50 DAV is 1,661,000	$92.41 -4.14%	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	$33.44	+0.50 1.52%	$33.74	462,388 106.54% of 50 DAV 50 DAV is 434,000	$34.50 -3.07%	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	$147.89	+1.75 1.20%	$148.68	983,197 53.20% of 50 DAV 50 DAV is 1,848,000	$152.68 -3.14%	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	$268.79	+0.26 0.10%	$270.84	500,438 87.18% of 50 DAV 50 DAV is 574,000	$279.95 -3.99%	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	$109.37	-1.01 -0.92%	$111.46	238,430 88.97% of 50 DAV 50 DAV is 268,000	$113.74 -3.84%	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	$103.34	+1.89 1.86%	$103.66	281,958 105.21% of 50 DAV 50 DAV is 268,000	$112.33 -8.00%	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

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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