FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, JUNE 1ST, 2020

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Indices				NYSE			Nasdaq
DOW	+91.91	25,475.02	+0.36%	Volume	903,941,855	-62%	Volume	3,798,068,300	-19%
NASDAQ	+61.80	9,551.67	+0.65%	Advancers	2,222	76%	Advancers	1,949	60%
S&P 500	+11.42	3,055.73	+0.38%	Decliners	719	24%	Decliners	1,308	40%
Russell 2000	+11.34	1,405.37	+0.81%	52 Wk Highs	50		52 Wk Highs	133
S&P 600	+7.89	811.00	+0.98%	52 Wk Lows	5		52 Wk Lows	9

Major Indices Rose Despite Uncertainty
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Despite the uncertainty, the S&P 500 rose 0.4% after notching its strongest two-month performance since 2009 during the April through May period. The Dow added 91 points, while the Nasdaq Composite advanced 0.7%. Breadth was positive as advancers led decliners by a 2-1 margin on the NYSE and by a 3-2 margin on the Nasdaq exchange. The reported volume totals were lower than the prior session on the NYSE and on the Nasdaq exchange. There were 47 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus 32 on the prior session. New 52-week highs totals expanded and outnumbered shrinking new 52-week lows totals on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria). Any sustainable rally requires a healthy crop of new leaders, so the recent improvement in new highs totals was noted as an encouraging sign.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average remains below its 200-day moving average (DMA) line and finished -13.8% off its record high hit on 2/12/20.

Stock finished higher on Monday as investors weighed signs of economic recovery against U.S.-China tensions. Sentiment was pressured by reports that Beijing instructed state-owned companies to halt purchases of certain American agricultural goods. This followed an announcement by President Trump on Friday that Washington would remove its special treatment towards Hong Kong.

Economic updates showed signs of stabilization, with a gauge of U.S. manufacturing PMI showing improvement for the first time in four months in May, while a similar measure of manufacturing activity in China returned to expansionary territory. The U.S. Treasury yield curve steepened, though the yield on the 10-year note was up just one basis point to 0.66%. In commodities, WTI crude was little changed after posting its best month on record with a more than 80% gain.

Ten of 11 S&P 500 sectors closed in positive territory with Health Care the sole decliner. Gilead Sciences (GILD -3.43%) fell after its COVID-19 treatment drug, remdesivir, disappointed in a large trial. In other corporate news, Target (TGT -2.32%) after announcing some temporary store closures in the aftermath of increasing civil unrest over the weekend. Elsewhere in the retail space, Coty (COTY +20.94%) rose after the beauty products company announced it would sell the majority stake in its hair product segment to private equity firm KKR. Meanwhile, Gap (GPS +11.12%) rose following an analyst upgrade.

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.

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

The Bank Index ($BKX +1.94%) and the Broker/Dealer Index ($XBD +1.67%) both posted solid gains on Monday. The Retail Index ($RLX +0.58%) posted a smaller gain. The tech sector was mixed as the Semiconductor Index ($SOX -0.50%) and the Biotech Index ($BTK -0.12%) both edged lower while the Networking Index ($NWX +1.02%) posted a gain. Commodity-linked groups had a positive bias as the Oil Services Index ($OSX +0.95%), Integrated Oil Index ($XOI +2.07%), and the Gold & Silver Index ($XAU +2.49%) each notched gains.

Chart courtesy of www.stockcharts.com

PICTURED: The Oil Services Index ($OSX +0.95%) is consolidating above its 50-day moving average (DMA) line after rebounding from the March low.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	32.76	+0.31	+0.96%	-58.16%
Integrated Oil	$XOI	805.38	+16.34	+2.07%	-36.61%
Semiconductor	$SOX	1,843.24	-9.25	-0.50%	-0.34%
Networking	$NWX	556.02	+5.62	+1.02%	-4.69%
Broker/Dealer	$XBD	265.09	+4.35	+1.67%	-8.71%
Retail	$RLX	2,819.33	+16.27	+0.58%	+15.11%
Gold & Silver	$XAU	123.09	+2.99	+2.49%	+15.12%
Bank	$BKX	75.86	+1.45	+1.95%	-33.08%
Biotech	$BTK	5,629.56	-6.87	-0.12%	+11.09%

Strong Gain for New High Backed by 127% Above Average Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Ping Identity Hldg Corp (PING +$2.19 or +7.74% to $30.50) finished strong after highlighted in yellow with new pivot point cited based on its 2/20/20 high plus 10 cents in the earlier mid-day report (read here). The gain above the pivot point was backed by +127% above average volume triggering a technical buy signal as it hit a new 52-week high (N criteria).

Its $15 IPO was completed on 9/19/19 and after a choppy ascent it completed a Secondary Offering on 5/15/20. The number of top-rated funds owning its shares rose from 83 in Sep '19 to157 in Mar '20, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days.

The Computer Sftwr-Security firm reported strong earnings results well above the +25% minimum guideline (C criteria) in the 4 latest quarterly comparisons through Mar '20 versus the year ago periods. Limited earnings history is a concern, however, leadership in the Computer Software - Security industry group (L criteria) is a reassuring sign. Completed its $15 IPO on 9/19/19.

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
FTNT - NASDAQ Fortinet Inc Computer Sftwr-Security	$144.75	+5.55 3.99%	$146.63	2,050,377 90.44% of 50 DAV 50 DAV is 2,267,000	$149.69 -3.30%	5/7/2020	$134.40	PP = $121.92
								MB = $128.02
Most Recent Note - 6/1/2020 5:56:33 PM G - Challenged its prior high with today's big third consecutive gain backed by near average or lighter volume totals. Prior highs in the $121 area define initial support to watch. >>> FEATURED STOCK ARTICLE : Extended From Prior Base and Holding Ground Stubbornly - 5/22/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
EBS - NYSE Emergent Biosolutions DRUGS - Biotechnology	$89.29	+5.80 6.95%	$93.58	1,151,669 223.19% of 50 DAV 50 DAV is 516,000	$90.00 -0.79%	6/1/2020	$72.10	PP = $90.10
								MB = $94.61
Most Recent Note - 6/1/2020 5:54:38 PM Y - Gapped up and hit a new all-time high today but finished in the lower half of its intra-day range. Color code was changed to yellow after forming an advanced "3 weeks tight" base pattern with a new pivot point cited based on its 5/12/20 high plus 10 cents. Subsequent gains and strong close above the pivot point backed by at least +40% above average volume may clinch a convincing new (or add-on) technical buy signal. Prior low ($78.28 on 5/14/20) defines initial support above its 50 DMA line ($71). Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Volume Light Behind Recent Pullback From All-Time High - 5/26/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NBIX - NASDAQ Neurocrine Biosciences DRUGS - Biotechnology	$123.40	-1.36 -1.09%	$126.50	821,756 95.06% of 50 DAV 50 DAV is 864,500	$128.29 -3.81%	5/19/2020	$123.71	PP = $119.75
								MB = $125.74
Most Recent Note - 5/29/2020 6:29:20 PM Y - Today it posted its 2nd gain with above average volume in the span of 3 session and finished 4 cents off of its best-ever close .Recent quarterly comparisons through Mar '20 showed greatly improved sales revenues and earnings increases versus year ago periods (C criteria). After years of losses it reported solid annual earnings (A criteria) in FY '18 and '19. >>> FEATURED STOCK ARTICLE : Biotech Firm Has New Parkinson's Treatment Drug Approved by FDA - 5/19/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TREX - NYSE Trex Company Inc MATERIALS and CONSTRUCTION - General Building Materials	$119.90	-0.22 -0.18%	$122.32	753,232 73.06% of 50 DAV 50 DAV is 1,031,000	$132.84 -9.74%	5/5/2020	$109.05	PP = $111.95
								MB = $117.55
Most Recent Note - 5/28/2020 4:24:14 PM G - Pulled back with higher volume today for a 2nd consecutive loss after hitting new all-time highs this week. Recent gains above the pivot point lacked the great volume conviction indicative of institutional demand. Prior highs in the $111 area define initial support to watch on pullbacks. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Bullish Action Continues for Top Wood Alternative Firm - 5/20/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NFLX - NASDAQ Netflix Inc SPECIALTY RETAIL - Music and Video Stores	$425.92	+6.19 1.47%	$426.72	3,732,178 41.59% of 50 DAV 50 DAV is 8,973,000	$458.97 -7.20%	5/14/2020	$441.95	PP = $449.62
								MB = $472.10
Most Recent Note - 5/27/2020 5:49:47 PM Y - Managed a "positive reversal" for a gain today backed by above average volume, breaking a streak of 6 consecutive losses with below average volume. Found prompt support near its 50 DMA line ($403) which defines support above prior highs in the $393 area. A rebound and subsequent gains above the pivot point must be backed by at least +40% above average volume to trigger a proper new (or add-on) technical buy signal. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Pulling Back After Brief New Base Formation - 5/21/2020 \| 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
NOW - NYSE Servicenow Inc Computer Sftwr-Enterprse	$383.37	-4.56 -1.18%	$387.94	1,329,927 53.33% of 50 DAV 50 DAV is 2,494,000	$396.15 -3.23%	4/30/2020	$343.05	PP = $363.05
								MB = $381.20
Most Recent Note - 6/1/2020 5:59:43 PM G - Color code is changed to green while now trading above the "max buy" level. Suffered a small loss with very light volume today, yet still perched near its all-time high. Recent gains above the pivot point were not backed by the +40% above average volume necessary to clinch a proper technical buy signal. Prior highs in the $362 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Consolidating Near Prior High After Wedging Into New High Ground - 5/14/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
QLYS - NASDAQ Qualys Inc Computer Sftwr-Security	$117.93	+2.61 2.26%	$119.20	541,859 96.59% of 50 DAV 50 DAV is 561,000	$117.54 0.33%	4/9/2020	$100.44	PP = $97.22
								MB = $102.08
Most Recent Note - 5/29/2020 6:23:17 PM G - Posted a quiet gain for its second best ever close. Its 50 DMA line ($100.53) and prior low ($98.24 on 5/04/20) define important near-term support. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Qualys is Extended From Prior Base and Perched Near All-Time High - 5/29/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TEAM - NASDAQ Atlassian Corp Plc Cl A Comp Sftwr-Spec Enterprs	$188.32	+3.02 1.63%	$191.72	1,971,028 98.90% of 50 DAV 50 DAV is 1,993,000	$190.21 -0.99%	5/4/2020	$159.70	PP = $156.22
								MB = $164.03
Most Recent Note - 5/29/2020 6:24:42 PM G - Extended from any sound base, it posted a 3rd consecutive gain today for its second best ever close. Prior highs in the $156 area define initial support to watch. >>> FEATURED STOCK ARTICLE : Pullback on Lighter Volume After Gain For New High on Big Volume - 5/18/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PING - NYSE Ping Identity Hldg Corp Computer Sftwr-Security	$30.50	+2.19 7.74%	$30.53	2,396,699 226.53% of 50 DAV 50 DAV is 1,058,000	$29.80 2.35%	6/1/2020	$29.24	PP = $29.90
								MB = $31.40
Most Recent Note - 6/1/2020 6:04:49 PM Y - Finished strong today after highlighted in yellow with new pivot point cited based on its 2/20/20 high plus 10 cents in the earlier mid-day report (read here). The gain above the pivot point was backed by +126% above average volume as it hit a new 52-week high triggering a technical buy signal. It posted a recent spurt of gains since completing a new Secondary Offering on 5/15/20. PING reported strong earnings results well above the +25% minimum guideline (C criteria) in the 4 latest quarterly comparisons through Mar '20 versus the year ago periods. Limited earnings history is a concern, however, leadership in the Computer Software - Security industry group (L criteria) is a reassuring sign. Completed its $15 IPO on 9/19/19. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Strong Gain for New High Backed by 127% Above Average Volume - 6/1/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AAXN - NASDAQ Axon Enterprise Inc Security/Sfty	$89.75	+13.79 18.15%	$92.00	4,952,885 628.54% of 50 DAV 50 DAV is 788,000	$90.10 -0.39%	5/8/2020	$84.86	PP = $90.20
								MB = $94.71
Most Recent Note - 6/1/2020 6:06:58 PM Y - Posted a considerable gain backed by +531% above average volume today after gapping up and hitting a new 52-week high. Found support at its 50 DMA line last week. Subsequent volume-driven gains above the pivot point may help clinch a convincing technical buy signal. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Quietly Slumping Near 50-Day Moving Average Line - 5/28/2020 \| 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

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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