FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - TUESDAY, APRIL 30TH, 2024

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Indices				NYSE			Nasdaq
DOW	-570.17	37,815.92	-1.49%	Volume	1,175,036,971	+35%	Volume	5,413,969,900	+8%
NASDAQ	-325.26	15,657.82	-2.04%	Advancers	481	17%	Advancers	1,200	28%
S&P 500	-80.48	5,035.69	-1.57%	Decliners	2,275	83%	Decliners	3,029	72%
Russell 2000	-42.12	1,973.91	-2.09%	52 Wk Highs	60		52 Wk Highs	51
S&P 600	-24.58	1,267.94	-1.90%	52 Wk Lows	32		52 Wk Lows	122

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 Fall as Distributional Pressure Hits Stocks Again
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 logged a 4.2% decline in April, the Nasdaq Composite registered a 4.4% loss for the month, and the Dow Jones Industrial Average was 5.0% lower this month. On Tuesday's session the Nasdaq Composite lost -2.0%, trailing the S&P 500 (-1.6%) and Dow Jones Industrial Average (-1.5%). Volume reported was higher than the prior session total on the NYSE and on the Nasdaq exchange, indicative of an increase in institutional selling pressure technically termed "distribution". Breadth was negative decliners led advancers by more than a 4-1 margin on the NYSE and by a 5-2 margin on the Nasdaq exchange. There were 33 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 highs outnumbered new 52-week lows on the NYSE but new lows outnumbered new highs 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 S&P 500 Index remains below its 50-day moving average (DMA) line. The window remains open for a follow-through day as long as the Day 1 low is not violated. Wednesday's session marks Day 8 of the rally attempt.

The Employment Cost Index for Q1 reflected a 1.2% increase in compensation costs versus expectations for a 1.0% increase. The fresh data added to recent worries about sticky inflation and about the Fed pushing back its rate cut timeline. The 2-yr note yield settled eight basis points higher at 5.05%. The 10-yr note yield settled seven basis points higher at 4.69%.

All 11 S&P 500 sectors finished lower. Eli Lilly (LLY +5.95%), Corning (GLW +5.03%), and 3M (MMM +4.72%) were exceptional gainers following pleasing earnings results. The latest FOMC policy announcement is due Wednesday followed by Fed Chair Powell's press conference.

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.

Widespread Losses in All Industry Groups
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Commodity-linked groups suffered big losses as the Gold & Silver Index ($XAU -4.16%), Oil Services Index ($OSX -4.49%), and the Integrated Oil Index ($XOI -3.21%) each suffered a large loss. The Retail Index ($RLX -0.93%) and Broker/Dealer Index ($XBD -1.48%) and the Bank Index ($BKX -1.15%) ended unanimously lower. The tech sector also had a negative bias as the Semiconductor Index ($SOX -1.15%), Networking Index ($NWX -2.01%), and the Biotech Index ($BTK -1.24%) each lost ground.

Chart courtesy of www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD -1.48%) pulled back. It recently has been consolidating above its 50-day moving average (DMA) line, perched within close striking distance of its 2024 high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	84.92	-3.99	-4.49%	+1.24%
Integrated Oil	$XOI	2,117.89	-86.02	-3.90%	+13.71%
Semiconductor	$SOX	4,673.30	-92.49	-1.94%	+11.92%
Networking	$NWX	734.91	-21.66	-2.86%	-11.75%
Broker/Dealer	$XBD	591.68	-12.01	-1.99%	+6.17%
Retail	$RLX	4,250.10	-111.58	-2.56%	+9.29%
Gold & Silver	$XAU	133.45	-6.33	-4.53%	+6.17%
Bank	$BKX	101.17	-1.40	-1.37%	+5.36%
Biotech	$BTK	4,945.17	-64.28	-1.28%	-8.74%

Found Support at 50-Day Moving Average Line and Hit New High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Transdigm Group Inc (TDG -$10.69 or -0.85% to $1,248.03) churned above average volume and ended with a small loss. It found prompt support at its 50-day moving average (DMA) line during a brief consolidation since last shown in the FSU section on 4/09/24 with an annotated graph under the headline, "Volume Totals Cooling While Perched Near High".

Keep in mind it is due to report Mar '24 quarterly results on 5/07/24. Volume and volatility often increase near earnings news. It reported Dec '23 quarterly earnings +56% on +28% sales revenues versus the year-ago period, its 11th consecutive comparison above the +25% minimum earnings guideline (C criteria). Growth has been very strong after a downturn in FY '20 and '21 (A criteria) hurt its earnings track record. It has an 91 Earnings Per Share Rating.

The number of top-rated funds owning its shares rose from 1,332 in Dec '22 to 1,550 in Mar '24, a reassuring trend concerning the I criteria. Its small supply of 53.4 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling. It has a Timeliness Rating of A and an Accumulation/Distribution rating of C-.

Charts used 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
NVO - NYSE Novo Nordisk ADR Medical-Ethical Drugs	$128.31	+1.43 1.13%	$130.46	7,836,458 168.53% of 50 DAV 50 DAV is 4,650,000	$138.28 -7.21%	3/1/2024	$124.23	PP = $124.97
								MB = $131.22
Most Recent Note - 4/30/2024 1:18:23 PM G - Consolidating above the 50 DMA line ($127) with recent gains helping its outlook to improve. Faces some near-term resistance up to the $138 level. Fundamentals remain strong. >>> 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	$313.66	+0.36 0.11%	$314.78	596,119 112.69% of 50 DAV 50 DAV is 529,000	$329.87 -4.91%	4/5/2024	$309.90	PP = $325.73
								MB = $342.02
Most Recent Note - 4/29/2024 5:08:35 PM Y - Posted a 6th consecutive small gain with below-average volume. It recently found prompt support near its 50 DMA line ($304). A gain and strong close above the pivot point backed by at least +40% above average volume is needed to trigger a proper technical buy signal. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Found Support Near 50-Day Moving Average After Recent Stall - 4/29/2024 \| 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	$1,248.03	-10.69 -0.85%	$1,266.71	238,227 124.08% of 50 DAV 50 DAV is 192,000	$1,269.51 -1.69%	4/12/2024	$1,224.21	PP = $1,246.32
								MB = $1,308.64
Most Recent Note - 4/30/2024 7:52:18 PM Y - Churned above average volume today and ended slightly lower. Holding its ground at 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 ($1,205.61) defines near-term support to watch. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average Line and Hit New High - 4/30/2024 \| 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	$106.11	-7.53 -6.63%	$108.65	7,374,266 310.63% of 50 DAV 50 DAV is 2,374,000	$125.50 -15.45%	1/23/2024	$100.35	PP = $98.57
								MB = $103.50
Most Recent Note - 4/30/2024 7:55:24 PM Gapped down today and suffered a damaging volume-driven loss raising serious concerns. Fundamental concerns rose after it reported Mar '24 quarterly earnings +1% on +3% sales revenues versus the year-ago period, well below the +25% minimum guideline (C criteria). It will be dropped from the Featured Stocks list tonight. >>> 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	$370.52	-36.67 -9.01%	$400.00	1,650,973 403.66% of 50 DAV 50 DAV is 409,000	$429.61 -13.75%	1/30/2024	$343.26	PP = $336.83
								MB = $353.67
Most Recent Note - 4/30/2024 7:59:29 PM Violated its 50 DMA line ($396) and slumped well below the prior low triggering a technical sell signal with today's big volume-driven loss. Weak action came after reporting Mar '24 quarterly earnings +0% on +9% versus the year-ago period. It will be dropped from the Featured Stocks list tonight. >>> 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	$310.00	+1.00 0.32%	$311.50	30,969 140.77% of 50 DAV 50 DAV is 22,000	$309.83 0.05%	2/9/2024	$254.68	PP = $265.09
								MB = $278.34
Most Recent Note - 4/26/2024 4:28:41 PM G - Posted a gain with light volume today for a best-ever close and perched within close striking distance of its all-time high. Its 50 DMA line ($285) and recent lows define near-term support to watch. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Trading in Tight Range Near High - 4/26/2024 \| 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	$20.41	-0.17 -0.83%	$20.58	149,770 36.80% of 50 DAV 50 DAV is 407,000	$25.21 -19.04%	3/5/2024	$19.97	PP = $18.89
								MB = $19.83
Most Recent Note - 4/26/2024 5:07:32 PM G - Posted a gain today with below-average volume, finding support above its 50 DMA line ($19.93). 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	$604.87	-31.29 -4.92%	$634.98	607,363 118.39% of 50 DAV 50 DAV is 513,000	$693.85 -12.82%	4/4/2024	$686.66	PP = $660.10
								MB = $693.11
Most Recent Note - 4/30/2024 7:57:56 PM G - Color code is changed to green after violating its 50 DMA line ($627) with today's big loss on +18% above-average volume triggering a technical sell signal. Fundamentals remain strong. Only a prompt rebound above the 50 DMA line would help its outlook improve. >>> 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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