FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - THURSDAY, APRIL 25TH, 2024

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Indices				NYSE			Nasdaq
DOW	-375.12	38,085.80	-0.98%	Volume	985,569,349	+6%	Volume	4,772,244,600	+0%
NASDAQ	-100.99	15,611.76	-0.64%	Advancers	810	29%	Advancers	1,449	35%
S&P 500	-23.21	5,048.42	-0.46%	Decliners	1,950	71%	Decliners	2,729	65%
Russell 2000	-14.31	1,981.12	-0.72%	52 Wk Highs	40		52 Wk Highs	38
S&P 600	-10.57	1,274.18	-0.82%	52 Wk Lows	46		52 Wk Lows	201

TODAY'S SPECIAL NOTICE

Since Wednesday April 10th members of FACTBASEDINVESTING.COM were cautioned as a shift in conditions (M criteria) signaled a market "correction". Use greater caution, raise cash and reduce exposure by selling any weakening stocks on a case-by-case basis. New buying efforts will be avoided by disciplined investors until a solid follow-through day is noted confirming a new uptrend.

Major Indices Slumped With Clearly Negative Breadth
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The major indices closed with declines, but staged a big recovery off their lows for the session. At their worst levels of the day, the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average were down -1.6%, -2.3%, and -1.8%, respectively. Losses by the close ranged from -0.5% to -1.0%. Volume reported was higher than the prior session total on the NYSE and near the prior session total on the Nasdaq exchange. Breadth was negative as decliners led advancers by about a 5-2 margin on the NYSE and by nearly 2-1 on the Nasdaq exchange. There were 17 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page versus 31 on the prior session. New 52-week lows outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. The major indices recently signaled a market correction (M criteria). Greater caution is important for all investors until a follow-through day signals a new confirmed uptrend.

Chart courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index remains well below its 50-day moving average (DMA) line and it fell toward the recent low after 3 consecutiev gains. The window remains open for a follow-through day a as long as the Day 1 low is not violated.

A fresh $44 billion 7-yr note sale met solid demand. The Advance Q1 GDP report showed weaker growth and higher inflation, and the weekly jobless claims report showed ongoing strength in the labor market.

The market suffered with negative responses to earnings news from some widely held names including Meta Platforms (META -10.56%) and Dow components IBM (IBM -8.25%) and Caterpillar (CAT -7.02%).

The S&P 500 materials (+0.7%), energy (+0.5%), industrials (+0.3%), utilities (+0.3%), and information technology (+0.2%) sectors were all lower in the early going before closing with gains.

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.

Semiconductor and Gold & Silver Indexes Posted Standout Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX -1.17%), Bank Index ($BKX -1.14%), and the Broker/Dealer Index ($XBD -0.33%) each slumped and had a negative impact on the major indices. The tech sector was mixed as the Semiconductor Index ($SOX +1.96%) rose but the Networking Index ($NWX -0.98%) and the Biotech Index ($BTK -1.73%) both lost ground. The Gold & Silver Index ($XAU +3.13%) posted a standout gain while the Integrated Oil Index ($XOI +0.55%) posted a smaller gain and the Oil Services Index ($OSX -0.07%) was little changed.

Chart courtesy of www.stockcharts.com

PICTURED: The Networking Index ($NWX -0.98%) has recently been lingering below its 50-day and 200-day moving average (DMA) lines which have nealry converged.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	88.44	-0.06	-0.07%	+5.44%
Integrated Oil	$XOI	2,204.96	+12.07	+0.55%	+18.39%
Semiconductor	$SOX	4,615.04	+88.84	+1.96%	+10.53%
Networking	$NWX	741.64	-7.33	-0.98%	-10.95%
Broker/Dealer	$XBD	593.75	-1.97	-0.33%	+6.54%
Retail	$RLX	4,237.90	-50.33	-1.17%	+8.98%
Gold & Silver	$XAU	137.22	+4.17	+3.13%	+9.17%
Bank	$BKX	102.39	-1.17	-1.13%	+6.63%
Biotech	$BTK	4,902.00	-86.39	-1.73%	-9.54%

HUBS Testing 50-day Moving Average Line Again
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Hubspot Inc (HUBS -$16.06 or -2.46% to $635.68) pulled back again today with near average volume, testing support at its 50-day moving average (DMA) line ($627) and recent lows. More damaging losses would raise serious concerns and trigger a worrisome technical sell signal.

HUBS was highlighted in yellow with pivot point cited based on its 2/09/24 high plus 10 cents in the mid-day report (read here) and last shown in this FSU section on 4/04/24 in detail with an annotated graph under the headline, "Encountered Distributional Pressure and Finished Below Pivot Point".

HUBS has a highest possible Earnings Per Share Rating of 99. Dec '23 quarterly earnings +59% on +24% sales revenues versus the year-ago period marked its 6th consecutive quarterly comparison well above the +25% minimum guideline (C criteria). Its annual earnings history (A criteria) has been strong. It faces some resistance due to old overhead supply up to the $866 level.

The number of top-rated funds owning its shares rose from 1,530 in Jun '23 to 1,821 in Mar '24, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation over the past 50 days.

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
NVO - NYSE Novo Nordisk ADR Medical-Ethical Drugs	$125.79	-0.37 -0.29%	$125.85	3,392,925 71.21% of 50 DAV 50 DAV is 4,765,000	$138.28 -9.03%	3/1/2024	$124.23	PP = $124.97
								MB = $131.22
Most Recent Note - 4/24/2024 5:13:30 PM G - Slumped below its 50 DMA line ($126) which may now act as resistance. A rebound above the 50 DMA line is needed for its outlook to improve. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Fell Below 50-Day Moving Average Which May Act as Resistance - 4/24/2024 \| 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	$306.24	+3.83 1.27%	$308.83	297,827 56.30% of 50 DAV 50 DAV is 529,000	$329.87 -7.16%	4/5/2024	$309.90	PP = $325.73
								MB = $342.02
Most Recent Note - 4/23/2024 5:59:01 PM Y - Posted a gain today with near-average volume and closed just above its 50 DMA line ($301). Color code was changed to yellow with new pivot point cited based on its 3/04/24 high plus 10 cents. A gain above the pivot point backed by at least +40% above average volume is needed to trigger a proper technical buy signal. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Building a New Base - 4/8/2024 \| 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	$1,256.58	+14.96 1.20%	$1,265.25	229,179 116.33% of 50 DAV 50 DAV is 197,000	$1,255.59 0.08%	4/12/2024	$1,224.21	PP = $1,246.32
								MB = $1,308.64
Most Recent Note - 4/23/2024 5:54:37 PM Y - Posted a solid gain today with +22% above average volume for a best-ever close. Color code was changed to yellow after holding its ground in a tight range near its all-time high. New pivot point was cited based on its 4/04/24 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper new technical buy signal. Its 50 DMA line ($1,193) defines near-term support to watch. >>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Perched Near High - 4/9/2024 \| 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	$112.62	-1.12 -0.98%	$113.65	3,243,394 141.51% of 50 DAV 50 DAV is 2,292,000	$125.50 -10.26%	1/23/2024	$100.35	PP = $98.57
								MB = $103.50
Most Recent Note - 4/24/2024 5:17:09 PM G - Halted its slide after a recently noted slump below its 50 DMA line ($116) triggered a technical sell signal. A prompt rebound above the 50 DMA line is needed for its outlook to improve. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Pulling Back From High and Slumping Toward 50-Day Moving Average - 4/12/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HUBB - NYSE Hubbell Electrical-Power/Equipmt	$402.27	+3.72 0.93%	$403.58	341,231 84.67% of 50 DAV 50 DAV is 403,000	$429.61 -6.36%	1/30/2024	$343.26	PP = $336.83
								MB = $353.67
Most Recent Note - 4/24/2024 5:15:39 PM G - Posted a 3rd consecutive gain today with below-average volume after finding prompt support near its 50 DMA line ($392.82). >>> FEATURED STOCK ARTICLE : Closed Just Below 50-Day Moving Average With Quiet Loss - 4/19/2024 \| 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
USLM - NASDAQ U.S. Lime & Minerals Bldg-Cement/Concrt/Ag	$301.24	-2.76 -0.91%	$301.43	13,300 57.83% of 50 DAV 50 DAV is 23,000	$308.00 -2.19%	2/9/2024	$254.68	PP = $265.09
								MB = $278.34
Most Recent Note - 4/23/2024 6:01:02 PM G - Posted a 3rd consecutive gain today challenging its all-time high. Its 50 DMA line ($282.71) defines near-term support to watch. >>> FEATURED STOCK ARTICLE : Gain With Light Volume for Best Ever Close - 4/5/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PAY - NYSE Paymentus Holdings Finance-CrdtCard/PmtPr	$20.10	-0.52 -2.52%	$20.30	148,304 37.08% of 50 DAV 50 DAV is 400,000	$25.21 -20.27%	3/5/2024	$19.97	PP = $18.89
								MB = $19.83
Most Recent Note - 4/24/2024 5:18:52 PM G - Posted a 3rd consecutive gain today with ever-increasing (but below-average) volume, finding support near its 50 DMA line ($19.75). Prior highs in the $18 range define the next support. More damaging losses would raise greater concerns. >>> FEATURED STOCK ARTICLE : Prior Highs Define Important Near-Term Support - 4/22/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HUBS - NYSE HubSpot Comp Sftwr-Spec Enterprs	$635.68	-16.06 -2.46%	$644.16	466,554 86.24% of 50 DAV 50 DAV is 541,000	$693.85 -8.38%	4/4/2024	$686.66	PP = $660.10
								MB = $693.11
Most Recent Note - 4/25/2024 4:54:07 PM Y - Pulled back again today with near average volume, testing support at its 50 DMA line ($627) and recent lows. Stalled after highlighted yellow in the 4/04/24 mid-day report with pivot point cited based on its 2/09/24 high plus 10 cents. Fundamentals remain strong. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : HUBS Testing 50-day Moving Average Line Again - 4/25/2024 \| 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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