FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - TUESDAY, JUNE 2ND, 2020

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Indices				NYSE			Nasdaq
DOW	+267.63	25,742.65	+1.05%	Volume	1,003,901,132	+11%	Volume	3,957,498,600	+4%
NASDAQ	+56.32	9,608.37	+0.59%	Advancers	2,158	74%	Advancers	2,012	62%
S&P 500	+25.09	3,080.82	+0.82%	Decliners	753	26%	Decliners	1,239	38%
Russell 2000	+12.84	1,418.21	+0.91%	52 Wk Highs	56		52 Wk Highs	104
S&P 600	+9.26	820.26	+1.14%	52 Wk Lows	4		52 Wk Lows	8

Major Indices Notch Additional Gains Amid Reopening Optimism
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow advanced 267 points, while the S&P 500 rose 0.8%. The Nasdaq Composite gained 0.6%. Breadth was positive as advancers led decliners by almost a 3-1 margin on the NYSE and by a 5-3 margin on the Nasdaq exchange. The reported volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange. There were 48 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus 47 on the prior session. New 52-week highs totals 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 S&P 500 Index made additional progress since rising above its 200-day moving average (DMA) line and finished -9.2% off its record high hit on 2/19/20.

Stock finished higher Tuesday as investors focused their attention on economic reopenings. Adding to positive sentiment were talks of additional fiscal stimulus in Europe and the United States. Reports indicated the White House could meet as soon as this week to discuss proposals for the next wave of coronavirus stimulus. However, several headwinds lingered throughout the day, including increasing social unrest across the nation, U.S.-China geopolitical tensions, and worries surrounding a spike in COVID-19 infections.

Treasuries weakened, with the yield on the 10-year note increasing by two basis point to 0.68%. Other perceived safe haven assets also declined, with COMEX gold losing 0.6% and the U.S. dollar falling for the fourth straight day. In commodities, WTI crude rallied 4.1% to $36.89/barrel on reports that OPEC and its allies are nearing a deal to extend production cuts through September.

All 11 S&P 500 sectors ended the day in positive territory, with the more value and cyclical oriented stocks outperforming. The Energy group paced gains, while the Materials and Industrials sectors both advanced more than 1.0%. In earnings, Dick’s Sporting Goods (DKS +3.68%) rose as a more than 100% spike in e-commerce sales and a solid start to the second-quarter overshadowed a larger-than-anticipated first-quarter loss. In other corporate news, Restoration Hardware (RH +16.79%) following a letter to shareholder outlining the expectations to expand profit margins in 2020. Elsewhere, shares of gun and ammo makers rallied amid data showing a surge in background checks for firearms.

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.

Energy, Tech, Financial, and Retail Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX +0.71%) and the Broker/Dealer Index ($XBD +1.01%) both posted solid gains on Tuesday. The Retail Index ($RLX +0.56%) posted a smaller gain. The tech sector also had a positive bias as the Semiconductor Index ($SOX +2.18%), Biotech Index ($BTK +.0.93%), and Networking Index ($NWX +0.95%) each posted gains. Commodity-linked groups were mixed as the Oil Services Index ($OSX +4.11%) and Integrated Oil Index ($XOI +3.31%) bot rose, but the Gold & Silver Index ($XAU -3.49%) was a standout decliner.

Chart courtesy of www.stockcharts.com

PICTURED: The Biotech Index ($BTK +.0.93%) managed a best-ever close while hovering near its all-time high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	34.12	+1.36	+4.15%	-56.42%
Integrated Oil	$XOI	832.06	+26.67	+3.31%	-34.51%
Semiconductor	$SOX	1,883.41	+40.17	+2.18%	+1.83%
Networking	$NWX	561.29	+5.27	+0.95%	-3.79%
Broker/Dealer	$XBD	267.78	+2.69	+1.01%	-7.78%
Retail	$RLX	2,835.15	+15.82	+0.56%	+15.75%
Gold & Silver	$XAU	118.80	-4.29	-3.49%	+11.11%
Bank	$BKX	76.39	+0.53	+0.70%	-32.61%
Biotech	$BTK	5,682.04	+52.48	+0.93%	+12.13%

Godaddy Could Be Ready to Go for New Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Godaddy Inc Cl A (GDDY +$2.36 or +3.03% to $80.32) was highlighted in yellow with pivot point cited based on its 5/01/19 high plus 10 cents in the earlier mid-day report (read here). Very little resistance remains due to overhead supply. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal. Disciplined investors know to watch for proof of fresh institutional buying demand that can lead to a sustained rally and meaningful leg up. It rebounded impressively after a deep pullback undercut prior lows. Now it is approaching multi-year highs where it previously met stubborn resistance in the $82-84 area.

The Computer Software-Enterprise industry group has a 99 Group Relative Strength Rating (L criteria). The firm's past 3 quarterly earnings comparisons through Mar '20 versus the year ago periods were above the +25% minimum guideline (C criteria). After years of losses, since FY 17 its annual earnings growth (A criteria) has been strong. It the highest possible 99 Earnings Per Share rating.

The number of top-rated funds owning its shares reportedly fell from 947 in Dec '19 to 928 in Mar '20, however, its current Up/Down Volume Ratio of 1.8 is an unbiased indication its shares have been under accumulation over the past 50 days. It has an A Timelines Rating and a B- Accumulation/Distribution Rating.

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	$143.94	-0.81 -0.56%	$145.84	1,386,577 62.60% of 50 DAV 50 DAV is 2,215,000	$149.69 -3.84%	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	$89.30	+0.01 0.01%	$89.87	681,446 130.05% of 50 DAV 50 DAV is 524,000	$93.58 -4.57%	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	$123.37	-0.03 -0.02%	$124.74	1,112,609 155.18% of 50 DAV 50 DAV is 717,000	$128.29 -3.84%	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	$120.02	+0.12 0.10%	$122.83	677,828 66.32% of 50 DAV 50 DAV is 1,022,000	$132.84 -9.65%	5/5/2020	$109.05	PP = $111.95
								MB = $117.55
Most Recent Note - 6/2/2020 6:31:18 PM G - Recent gains above the pivot point lacked the great volume conviction indicative of institutional demand and it has been quietly consolidating. 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	$427.31	+1.39 0.33%	$427.59	3,487,802 39.47% of 50 DAV 50 DAV is 8,836,000	$458.97 -6.90%	5/14/2020	$441.95	PP = $449.62
								MB = $472.10
Most Recent Note - 6/2/2020 6:36:24 PM Y - Managed a "positive reversal" on 5/27/20 but volume totals have been very light behind recent gains. Found prompt support near its 50 DMA line ($410.72), and more damaging losses would trigger a technical sell signal. 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	$392.90	+9.53 2.49%	$392.90	2,022,538 82.05% of 50 DAV 50 DAV is 2,465,000	$396.15 -0.82%	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	$113.84	-4.09 -3.47%	$119.01	614,086 109.85% of 50 DAV 50 DAV is 559,000	$119.20 -4.50%	4/9/2020	$100.44	PP = $97.22
								MB = $102.08
Most Recent Note - 6/2/2020 6:26:42 PM G - Pulled back today with higher (near average) volume. It is extended from the previously noted base and its 50 DMA line ($102) defines near-term support above the prior low ($98.24 on 5/04/20). Fundamentals remain strong. See the latest FSU analysis for more details and an 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	$183.67	-4.65 -2.47%	$189.99	1,424,064 72.00% of 50 DAV 50 DAV is 1,978,000	$191.72 -4.20%	5/4/2020	$159.70	PP = $156.22
								MB = $164.03
Most Recent Note - 6/2/2020 6:29:39 PM G - Extended from any sound base, it pulled back today with lighter volume following 4 consecutive gains that helped it reach a new all-time high. 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	$30.61	+0.11 0.36%	$31.50	1,681,773 153.45% of 50 DAV 50 DAV is 1,096,000	$30.53 0.26%	6/1/2020	$29.24	PP = $29.90
								MB = $31.40
Most Recent Note - 6/2/2020 12:55:03 PM Y - Hitting new all-time highs with today's 3rd consecutive volume-driven gain. Finished strong on the prior session 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 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 an 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	$97.85	+8.10 9.03%	$99.62	3,638,342 421.10% of 50 DAV 50 DAV is 864,000	$92.00 6.36%	5/8/2020	$84.86	PP = $90.20
								MB = $94.71
Most Recent Note - 6/2/2020 6:23:59 PM G - Considerable volume-driven gains above the pivot point triggered a technical buy signal. It quickly traded above the "'max buy" level and its color code is changed to green. Found support at its 50 DMA line last week while volume totals cooled. 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
GDDY - NYSE Godaddy Inc Cl A Computer Sftwr-Enterprse	$80.32	+2.36 3.03%	$80.70	2,613,045 133.80% of 50 DAV 50 DAV is 1,953,000	$78.99 1.68%	6/2/2020	$79.62	PP = $82.40
								MB = $86.52
Most Recent Note - 6/2/2020 6:20:38 PM Y - Posted a solid gain today backed by +133% above average volume for a new 52-week high. It was highlighted in yellow with pivot point cited based on its 5/01/19 high plus 10 cents in the earlier mid-day report. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal. Rebounded impressively after a deep pullback. Approaching multi-year highs where it previously met stubborn resistance in the $82-84 area. The past 3 quarterly earnings comparisons through Mar '20 versus the year ago periods were above the +25% minimum guideline (C criteria). After years of losses, since FY 17 its annual earnings growth (A criteria) has been strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Godaddy Could Be Ready to Go for New Highs - 6/2/2020 \| 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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