FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Friday, December 27th, 2019

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AFTER MARKET UPDATE - FRIDAY, DECEMBER 27TH, 2019

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Indices				NYSE			Nasdaq
DOW	+23.87	28,645.26	+0.08%	Volume	617,008,860	+14%	Volume	1,814,855,405	+12%
NASDAQ	-15.77	9,006.62	-0.17%	Advancers	1,331	47%	Advancers	1,236	39%
S&P 500	+0.11	3,240.02	+0.00%	Decliners	1,512	53%	Decliners	1,935	61%
Russell 2000	-8.64	1,669.03	-0.51%	52 Wk Highs	203		52 Wk Highs	216
S&P 600	-4.83	1,018.87	-0.47%	52 Wk Lows	4		52 Wk Lows	29

Indices Remain Perched at Record Highs With Healthy Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow climbed 23 points to end the week 0.7% higher. The S&P 500 finished flat and notched its fifth straight weekly advance with a 0.6% gain. The Nasdaq Composite slipped 0.2% to snap its recent 11 session winning streak, but gained 0.9% for the week and ended the session above 9,000. Decliners led advancers by an 8-7 margin on the NYSE and 3-2 on the Nasdaq exchange. The volume totals were higher than the prior session's totals on the NYSE and on the Nasdaq exchange. There were 61 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 50 on the prior session. New 52-week highs totals expanded and easily 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 Dow Jones Industrial Average is perched at its record high.

U.S. equities fluctuated near record levels on Friday, amid signs of consumer resiliency and easing trade tensions. Six of 11 S&P 500 sectors ended in positive territory. The Consumer Staples group paced the gains after a report from MasterCard's (MA +0.51%) SpendingPulse yesterday showed sales from the holiday shopping season rose 3.4% compared to the prior year. Shares of e-commerce giant Amazon (AMZN +0.06%) finished little changed after jumping as much as 1.5% earlier in the session on the heels of record breaking holiday sales. In other corporate news, Apple (AAPL -0.04%) was little changed despite reports of the iPhone maker considering the purchase of Japan Display’s primary smartphone screen factory for about $800 million dollars. Foundation Building Materials (FBM +6.87%) jumped after replacing RH (RH -5.65%), formerly known as Restoration Hardware, in the S&P Small Cap 600.

Treasuries advanced with the yield on the benchmark 10-year note down two basis points to 1.87%. In commodities, WTI crude was flat at $61.69/barrel after the official government report from the Energy Information Administration showed U.S. stockpiles fell by 5.5 million barrels in the most recent week, more than the anticipated 1.4 million barrel decline. COMEX gold advanced 0.3% to $1,513.80/ounce, notching its best weekly performance since August amid a weaker dollar.

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

The Bank Index ($BKX -0.36%) and the Broker/Dealer Index ($XBD -0.42%) posted modest losses while the Retail Index ($RLX -0.01%) finished flat. The tech sector was dragged lower by the Biotech Index ($BTK -1.02%) while the Semiconductor Index ($SOX -0.32%) and the Networking Index ($NWX -0.41%) fell. Commodity-linked groups were also weak as the Gold & Silver Index ($XAU -0.91%), Oil Services Index ($OSX -1.08%), and Integrated Oil Index ($XOI -0.52%) finished unanimously lower.

Charts courtesy of www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI -0.52%) has recently rebounded above its 50-day and 200-day moving average (DMA) lines.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	78.54	-0.85	-1.07%	-2.56%
Integrated Oil	$XOI	1,263.78	-6.62	-0.52%	+9.03%
Semiconductor	$SOX	1,858.59	-5.90	-0.32%	+60.89%
Networking	$NWX	583.55	-2.42	-0.41%	+19.42%
Broker/Dealer	$XBD	291.00	-1.23	-0.42%	+22.61%
Retail	$RLX	2,466.08	-0.18	-0.01%	+26.37%
Gold & Silver	$XAU	105.13	-0.96	-0.90%	+48.78%
Bank	$BKX	113.52	-0.42	-0.37%	+32.32%
Biotech	$BTK	5,107.46	-52.57	-1.02%	+21.01%

Towing/Recovery Equipment Firm Remains Perched Near Record High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Miller Industries Inc (MLR -$0.33 or -0.88% to $37.19) is still hovering near its 52-week high and just above its "max buy" level. Prior highs in the $35 area define initial support along with its 50-day moving average (DMA) line ($35.74).

MLR has shown resilience after recently reporting earnings which were below the fundamental guidelines of the fact-based investment system. It reported earnings -7% on +0% sales revenues for the Sep '19 quarter versus the year ago period, below the +25% minimum guideline (C criteria) raising fundamental concerns.

MLR's annual earnings history (A criteria) has been good. The very small supply of only 11.4 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling. It returned to the Featured Stocks list on 9/24/19 when highlighted in yellow in the mid-day report (read here). It was last shown in this FSU section on 12/04/19 with an annotated graph under the headline, "Miller Still Quietly Hovering Above Prior Highs"

The number of top-rated funds owning its shares rose from 196 in Mar '18 to 250 in Sep '19, a reassuring sign concerning the I criteria. The current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. It has earned a B Timeliness rating and a E Sponsorship Rating.

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	$37.19	-0.33 -0.88%	$37.66	22,610 48.11% of 50 DAV 50 DAV is 47,000	$38.18 -2.59%	9/24/2019	$34.00	PP = $35.36
								MB = $37.13
Most Recent Note - 12/27/2019 5:34:15 PM G - Still hovering near its 52-week high and just above its "max buy" level. Prior highs in the $35 area define initial support along with its 50 DMA line ($35.74). Resilient after reporting Sep '19 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 : Towing/Recovery Equipment Firm Remains Perched Near Record High - 12/27/2019 \| 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	$30.35	-0.07 -0.23%	$30.45	46,585 108.34% of 50 DAV 50 DAV is 43,000	$30.88 -1.72%	12/16/2019	$30.07	PP = $30.95
								MB = $32.50
Most Recent Note - 12/26/2019 11:53:30 AM Y - Perched within close striking distance of its 52-week high, recently meeting resistance. Subsequent gains and a strong close above the new pivot point cited based on its 11/06/19 high plus 10 cents may trigger a new (or add-on) technical buy signal. Found support at its 50 DMA line ($29.20) during its orderly consolidation. >>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average - 12/10/2019 \| 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	$107.45	-0.79 -0.73%	$108.70	726,076 52.46% of 50 DAV 50 DAV is 1,384,000	$110.28 -2.57%	12/9/2019	$103.85	PP = $106.10
								MB = $111.41
Most Recent Note - 12/23/2019 5:34:24 PM Y - Posted a quiet gain today following a "negative reversal" with heavier volume on the prior session after hitting another new 52-week high. Confirming gains above the pivot point backed by at least +40% above average volume are needed to trigger a convincing technical buy signal. Prior high in the $97 area defines initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Endured Distributional Pressure While Perched at High - 12/23/2019 \| 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	$56.11	-0.37 -0.66%	$56.57	66,861 33.26% of 50 DAV 50 DAV is 201,000	$59.14 -5.12%	11/29/2019	$56.59	PP = $59.24
								MB = $62.20
Most Recent Note - 12/26/2019 5:25:46 PM Y - Still perched -4.5% off 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 : Perched Within Close Striking Distance of 52-Week High - 12/20/2019 \| 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	$25.17	-0.14 -0.55%	$25.51	139,918 52.40% of 50 DAV 50 DAV is 267,000	$26.00 -3.19%	9/13/2019	$19.68	PP = $19.84
								MB = $20.83
Most Recent Note - 12/23/2019 12:42:48 PM G - Perched at its all-time high, stubbornly holding its ground very extended from the previously noted base. Prior highs in the $22 area define support along with its 50 DMA line ($22.21). Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Reversed Into Red After Hitting Yet Another New High - 12/13/2019 \| 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	$136.18	+0.94 0.70%	$136.29	132,643 47.54% of 50 DAV 50 DAV is 279,000	$137.42 -0.90%	10/8/2019	$129.77	PP = $132.83
								MB = $139.47
Most Recent Note - 12/26/2019 5:24:50 PM G - Posted a gain today challenging its best ever close and finished -1.6% off its 52-week high. Its 50 DMA line ($130.36) 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 : Met Resistance After Rebounding Near Prior High - 12/9/2019 \| 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	$230.02	-1.15 -0.50%	$232.79	1,512,871 74.05% of 50 DAV 50 DAV is 2,043,000	$235.50 -2.33%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 12/23/2019 1:08:54 PM G - Extended from any sound base, and its 50 DMA line ($215) defines near-term support above the prior high ($209). Recently reported earnings +28% on +23% sales revenues for the Oct '19 quarter. >>> FEATURED STOCK ARTICLE : Retreated From High After Another Strong Earnings Report - 12/17/2019 \| 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	$90.82	-0.20 -0.22%	$91.44	882,145 47.30% of 50 DAV 50 DAV is 1,865,000	$92.41 -1.72%	9/5/2019	$79.13	PP = $79.84
								MB = $83.83
Most Recent Note - 12/26/2019 11:43:54 AM G - Consolidating in a tight range well above its 50 DMA line ($86.17) which defines near-term support. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Extended From Prior Base and Hovering Near Record High - 12/12/2019 \| 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	$33.57	+0.31 0.93%	$33.63	445,983 88.31% of 50 DAV 50 DAV is 505,000	$35.79 -6.20%	11/8/2019	$32.89	PP = $31.44
								MB = $33.01
Most Recent Note - 12/26/2019 11:42:29 AM G - Consolidating above its "max buy" level. Its 50 DMA line ($32.09) and prior highs in the $30-31 area define important near-term support. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Hit New High But Encountered Distributional Pressure - 12/19/2019 \| 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	$151.51	-0.41 -0.27%	$152.66	875,891 42.01% of 50 DAV 50 DAV is 2,085,000	$153.66 -1.40%	11/25/2019	$147.79	PP = $142.16
								MB = $149.27
Most Recent Note - 12/23/2019 12:46:29 PM G - Color code is changed to green while consolidating above its "max buy" level following a volume-driven gain. Prior highs in the $142-143 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs Following Impressive Rally - 12/16/2019 \| 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	$268.89	+0.17 0.06%	$270.81	396,657 71.34% of 50 DAV 50 DAV is 556,000	$279.95 -3.95%	11/20/2019	$252.97	PP = $259.81
								MB = $272.80
Most Recent Note - 12/23/2019 12:50:20 PM Y - Volume totals have been cooling while quietly consolidating above its pivot point and below its "max buy" level. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Consolidating Near Prior Highs Which Define Initial Support - 12/11/2019 \| 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	$102.84	+0.55 0.54%	$103.50	141,942 47.47% of 50 DAV 50 DAV is 299,000	$113.74 -9.58%	12/9/2019	$109.71	PP = $113.84
								MB = $119.53
Most Recent Note - 12/24/2019 2:36:25 PM G - After damaging losses a rebound above its 50 DMA line ($105.74) is needed for its outlook to improve. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Recent Slump Below 50-Day Moving Average Did Technical Damage - 12/24/2019 \| 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	$107.94	-1.64 -1.50%	$110.43	147,676 52.93% of 50 DAV 50 DAV is 279,000	$112.33 -3.91%	11/14/2019	$106.87	PP = $112.43
								MB = $118.05
Most Recent Note - 12/27/2019 5:39:03 PM G - Perched only -3.9% off its 52-week high. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a technical buy signal. Its 50 DMA line ($100) defines important near-term support to watch on pullbacks. Fundamentals remain strong. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Rebound Has Globant Perched Within Striking Distance of High - 12/26/2019 \| 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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