FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Friday, February 23rd, 2024

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AFTER MARKET UPDATE - FRIDAY, FEBRUARY 23RD, 2024

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Indices				NYSE			Nasdaq
DOW	+62.42	39,131.53	+0.16%	Volume	851,887,545	-12%	Volume	5,112,888,900	-10%
NASDAQ	-44.80	15,996.82	-0.28%	Advancers	1,700	62%	Advancers	2,402	56%
S&P 500	+1.77	5,088.80	+0.03%	Decliners	1,044	38%	Decliners	1,865	44%
Russell 2000	+2.85	2,016.69	+0.14%	52 Wk Highs	250		52 Wk Highs	263
S&P 600	+3.88	1,295.48	+0.30%	52 Wk Lows	34		52 Wk Lows	138

Nasdaq Composite Index Fell as Major Indices Ended Mixed
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 and Dow Jones Industrial Average both eked out small gains, inching further into record territory. The Nasdaq Composite, meanwhile, declined -0.3%. Volume was reported lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by an 8-5 margin on the NYSE and by a 4-3 margin on the Nasdaq exchange. There were 132 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, up solidly from the total of 119 on the prior session. New 52-week highs totals expanded and outnumbered new 52-week lows totals on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria). New buying efforts should be only made in stocks fitting all key criteria of the fact-based investment system.

Chart courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average is perched at a new all-time high.

Seven of the 11 S&P 500 sectors closed higher, led by utilities (+0.7%), materials (+0.6%), and industrials (+0.5%). The energy sector (-0.6%) saw the largest decline as oil and natural gas prices dropped. WTI crude oil futures fell 2.6% to $76.52/bbl and natural gas futures dropped 7.1% to $1.70/mmbtu. The consumer discretionary sector (-0.3%) also lagged the broader market due weakness in shares of Booking Holdings (BKNG -10.15%) after its earning report. BKNG was the worst performing stock in the S&P 500. Warner Bros Discover (WBD -9.94%) was another notable laggard after disappointing earnings, weighing down the communication services sector (-0.2%).

There was a drop in the 10-yr Treasury note yield, down seven basis points to 4.26%.

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 Index Led Financial, Retail, and Biotech Indexes Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Broker/Dealer Index ($XBD +0.33%) and the Bank Index ($BKX +0.41%) both posted small gains on Friday. The tech sector was mixed as the Semiconductor Index ($SOX -1.12%) and the Networking Index ($NWX -0.70%) both pulled back while the Biotech Index ($BTK +0.53%) posted a small gain. Commodity-linked groups were mixed as the Oil Services Index ($OSX -1.05%) and Integrated Oil Index ($XOI -0.32%) both lost ground, meanwhile, the Gold & Silver Index ($XAU +1.79%) posted a solid gain.

Chart courtesy of www.stockcharts.com

PICTURED: The Retail Index ($RLX +0.33%) inched higher for a new 2024 high and it is perched only -3.9% off its November 2021 all-time high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	80.66	-0.86	-1.05%	-3.84%
Integrated Oil	$XOI	1,935.29	-6.25	-0.32%	+3.91%
Semiconductor	$SOX	4,615.03	-52.33	-1.12%	+10.53%
Networking	$NWX	810.56	-5.75	-0.70%	-2.67%
Broker/Dealer	$XBD	565.31	+1.86	+0.33%	+1.44%
Retail	$RLX	4,345.11	+14.25	+0.33%	+11.73%
Gold & Silver	$XAU	106.72	+1.88	+1.79%	-15.09%
Bank	$BKX	95.88	+0.39	+0.41%	-0.15%
Biotech	$BTK	5,183.93	+27.35	+0.53%	-4.33%

Found Support With a Solid Gap Up from 10-Week Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
ServiceNow Inc (NOW +$1.76 or +0.23% to $770.97) was highlighted in yellow in the 2/22/24 mid-day report (read here) as it was noted that a valid secondary buy point exists up to +5% above the latest high after finding support at its 10 WMA line following an earlier breakout.

NOW has a 99 Earnings Per Share Rating. It reported Dec '23 quarterly earnings +36% on +26% sales revenues versus the year-ago period, its 6th quarterly comparison above the +25% minimum guideline (C criteria) of the fact-based investment system. Annual earnings growth has been strong and steady.

The Computer Software - Enterprise group currently has a Group Relative Strength Rating of A (86). NOW was last shown in this FSU section on 2/05/21 with an annotated graph under the headline, "Hit New Highs With Latest Gains Backed by Light Volume"

The number of top-rated funds owning its shares rose from 3,287 in Mar '23 to 3,721 in Dec '23, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and a Sponsorship Rating of B. Its current Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under slight accumulation over the past 50 days.

Charts courtesy 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
ANET - NYSE Arista Networks Computer-Networking	$267.66	-1.10 -0.41%	$273.74	1,770,288 80.76% of 50 DAV 50 DAV is 2,192,000	$292.66 -8.54%	10/31/2023	$188.84	PP = $198.80
								MB = $208.74
Most Recent Note - 2/22/2024 5:56:51 PM G - Posted a solid volume-driven gain today. Extended from any sound base. Its 50 DMA line ($252) defines important near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Pulled Back From All Time High With Gap Down on Prior Session - 2/1/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NVO - NYSE Novo Nordisk ADR Medical-Ethical Drugs	$123.45	-1.07 -0.86%	$124.17	3,234,125 70.08% of 50 DAV 50 DAV is 4,615,000	$124.87 -1.14%	11/2/2023	$100.97	PP = $104.10
								MB = $109.31
Most Recent Note - 2/23/2024 5:18:48 PM G - Perched at its all-time high, extended from any sound base. Its 50 DMA line ($109.58) defines important near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After Volume-Driven Gains - 2/8/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AXON - NASDAQ Axon Enterprise Security/Sfty	$270.72	-0.82 -0.30%	$273.72	224,404 60.49% of 50 DAV 50 DAV is 371,000	$274.78 -1.48%	11/8/2023	$127.84	PP = $223.30
								MB = $234.47
Most Recent Note - 2/20/2024 7:06:12 PM G - Hovering near its all-time high. Prior highs in the $260-262 area define initial support to watch above its 50-day moving average (DMA) line ($254.91). >>> FEATURED STOCK ARTICLE : Reversal at All-Time High After 7 Consecutive Gains - 2/12/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TDG - NYSE TransDigm Group Aerospace/Defense	$1,199.89	+6.94 0.58%	$1,207.58	163,168 75.89% of 50 DAV 50 DAV is 215,000	$1,195.47 0.37%	12/12/2023	$1,000.39	PP = $1,013.18
								MB = $1,063.84
Most Recent Note - 2/21/2024 4:44:38 PM G - Inched higher with below-average volume for a best-ever close today. Its 50 DMA line ($1,053) defines near-term support to watch above prior highs in the $1,013-1,015 area. >>> FEATURED STOCK ARTICLE : Transdigm Perched Near All-Time High - 2/14/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TBBK - NASDAQ The Bancorp Banks-Northeast	$43.86	+0.66 1.53%	$44.37	335,137 73.98% of 50 DAV 50 DAV is 453,000	$47.11 -6.90%	1/22/2024	$40.87	PP = $42.56
								MB = $44.69
Most Recent Note - 2/23/2024 5:20:20 PM Y - Volume totals have been cooling while consolidating well above prior highs in the $42 area and above its 50 DMA line which define near-term support to watch. It remains below the "max buy" level following the recent breakout. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Volume-Driven Breakout Triggered Buy Signal After Earnings Report - 1/26/2024 \| 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 Retail-Apparel/Shoes/Acc	$457.89	+2.63 0.58%	$462.82	855,794 65.83% of 50 DAV 50 DAV is 1,300,000	$516.39 -11.33%	12/8/2023	$490.61	PP = $485.93
								MB = $510.23
Most Recent Note - 2/22/2024 6:03:00 PM G - Posted a gain today with below-average volume. Still lingering below its 50 DMA line ($481) which is now downward sloping and may act as resistance. A rebound above the 50 DMA line is needed to help its outlook improve. >>> FEATURED STOCK ARTICLE : Violation of 50-Day Moving Average Hurt Outlook - 2/2/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CRWD - NASDAQ CrowdStrike Holdings Computer Sftwr-Security	$311.41	+0.50 0.16%	$317.00	2,868,642 88.81% of 50 DAV 50 DAV is 3,230,000	$338.45 -7.99%	1/2/2024	$246.42	PP = $261.91
								MB = $275.01
Most Recent Note - 2/22/2024 5:58:58 PM G - Gapped up today and posted a volume-driven gain, recovering much of the prior session's volume-driven loss after testing support near its 50 DMA line ($284). Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Volume Totals Cooking While Stubbornly Perched at All-Time High - 2/6/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ELF - NYSE e.l.f. Beauty Cosmetics/Personal Care	$185.94	+3.57 1.96%	$186.96	1,189,475 80.37% of 50 DAV 50 DAV is 1,480,000	$183.62 1.26%	1/2/2024	$138.23	PP = $153.63
								MB = $161.31
Most Recent Note - 2/22/2024 6:00:05 PM G - Posted a gain today with below-average volume for a new all-time high. Reported Dec '23 quarterly earnings +54% on +85% sales revenues versus the year-ago period, continuing its strong earnings track record. Its 50 DMA line ($156) defines important near-term support to watch. >>> FEATURED STOCK ARTICLE : Peched at All-Time High With Earnings News Due - 2/5/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
KOF - NYSE Coca-Cola Femsa ADR Beverages-Non-Alcoholic	$98.84	-1.57 -1.56%	$101.95	164,913 104.38% of 50 DAV 50 DAV is 158,000	$104.38 -5.31%	1/12/2024	$93.38	PP = $99.34
								MB = $104.31
Most Recent Note - 2/23/2024 5:22:14 PM Y - Sputtering after a noted "negative reversal" at its all-time high. Reported Dec '23 quarterly earnings -13% on +24% sales revenues versus the year-ago period. Volume and volatility often increase near earnings news. Its 50 DMA line ($94.83) defines important near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Perched at High With Earnings News Due - 2/21/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PCAR - NASDAQ Paccar Trucks and Parts-Hvy Duty	$110.78	+0.26 0.24%	$111.02	1,627,744 71.64% of 50 DAV 50 DAV is 2,272,000	$110.67 0.10%	1/23/2024	$100.35	PP = $98.57
								MB = $103.50
Most Recent Note - 2/20/2024 7:10:03 PM G - Hovering near its all-time high, extended from any sound base. Reported Dec '23 quarterly earnings +53% on +11% sales revenues versus the year-ago period, its 9th quarterly comparison with better than the +25% minimum earnings guideline (C criteria). There was a downturn in FY' 20 annual earnings (A criteria) like many companies during the pandemic. >>> FEATURED STOCK ARTICLE : Volume-Driven Breakout for Paccar - 1/23/2024 \| 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
HUBB - NYSE Hubbell Electrical-Power/Equipmt	$365.79	+1.07 0.29%	$368.51	289,766 72.81% of 50 DAV 50 DAV is 398,000	$365.47 0.09%	1/30/2024	$343.26	PP = $336.83
								MB = $353.67
Most Recent Note - 2/22/2024 6:01:17 PM G - Posted a volume-driven gain today for a new all-time high, extended from the previously noted base. Prior high ($340) defines initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Volume Heavy Behind Breakout Gain for Hubbell - 1/30/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
MANH - NASDAQ Manhattan Associates Computer Sftwr-Enterprse	$248.90	+0.61 0.25%	$250.80	175,734 43.61% of 50 DAV 50 DAV is 403,000	$258.91 -3.87%	1/31/2024	$240.57	PP = $230.71
								MB = $242.25
Most Recent Note - 2/20/2024 7:07:52 PM G - Pulling back from its all-time high with light volume behind today's 3rd consecutive loss. Prior highs in the $230 area define near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Big Volume Behind Breakout Gain - 1/31/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TENB - NASDAQ Tenable Holdings Internet-Content	$47.58	+0.38 0.81%	$47.95	703,694 67.26% of 50 DAV 50 DAV is 1,046,200	$53.50 -11.07%	2/7/2024	$49.50	PP = $49.87
								MB = $52.36
Most Recent Note - 2/21/2024 12:52:23 PM G - Gapped down today and violated its 50 DMA line with a volume-driven loss triggering a technical sell signal and its color code is changed to green. A prompt rebound above the 50 DMA line ($46.67) is needed for its outlook to improve. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Gap Up Gain Followed Latest Earnings Report - 2/7/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
USLM - NASDAQ U.S. Lime & Minerals Bldg-Cement/Concrt/Ag	$254.85	+4.86 1.94%	$254.85	6,611 36.73% of 50 DAV 50 DAV is 18,000	$266.88 -4.51%	2/9/2024	$254.68	PP = $265.09
								MB = $278.34
Most Recent Note - 2/20/2024 7:04:04 PM Y - Retreating from its all-time high with today's loss on average volume. Finished strong and managed a best-ever close after highlighted in yellow in the 2/09/24 mid-day report with pivot point cited based on its 1/24/24 high plus 10 cents. Subsequent gains and a close above the pivot point backed by at least +40% above average volume may trigger a conviciing new technical buy signal. Through Dec '23 its quarterly and annual earnings (C and A criteria) history has been strong, a good match with the fact-based investment system's guidelines. Thinly traded firm has only 5.7 million shares outstanding (S criteria), which can contribute to greater price volatility in the event of institutional buying or selling. >>> FEATURED STOCK ARTICLE : Strong Finish for Thinly Traded U.S Lime & Minerals - 2/9/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NOW - NYSE ServiceNow Computer Sftwr-Enterprse	$770.97	+1.76 0.23%	$784.97	1,295,043 108.64% of 50 DAV 50 DAV is 1,192,000	$815.32 -5.44%	2/22/2024	$771.75	PP = $815.32
								MB = $856.09
Most Recent Note - 2/23/2024 5:17:22 PM Y - Color code was changed to yellow as it was noted that a valid secondary buy point exists up to +5% above the latest high after finding support at its 10 WMA line following an earlier breakout. Reported Dec '23 quarterly earnings +36% on +26% sales revenues versus the year-ago period, its 6th quarterly comparison above the +25% minimum guideline (C criteria) of the fact-based investment system. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Found Support With a Solid Gap Up from 10-Week Moving Average - 2/23/2024 \| 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
SNPS - NASDAQ Synopsys Computer Sftwr-Design	$575.65	-5.25 -0.90%	$585.01	1,186,907 81.13% of 50 DAV 50 DAV is 1,463,000	$629.38 -8.54%	2/22/2024	$600.65	PP = $582.85
								MB = $611.99
Most Recent Note - 2/22/2024 5:55:08 PM Y - Gapped up and hit a new all-time high today but encountered distributional pressure and ended near the session low, closing below the pivot point cited based on its 2/09/24 high after a cup-with-handle base. A strong close above the pivot point is needed to clinch a proper technical buy signal. Found support recently at its 50 DMA line ($536). Reported Jan '24 quarterly earnings +36% on +21% sales revenues versus the year-ago period, its 3rd strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings growth (A criteria) has been strong and steady. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Gapped Up for New High But Ended Near Session Low - 2/22/2024 \| 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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