FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - TUESDAY, JUNE 9TH, 2020

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Indices				NYSE			Nasdaq
DOW	-300.14	27,272.30	-1.09%	Volume	1,152,476,653	-19%	Volume	5,225,579,500	-14%
NASDAQ	+28.52	9,953.26	+0.29%	Advancers	620	21%	Advancers	1,157	35%
S&P 500	-25.21	3,207.18	-0.78%	Decliners	2,282	79%	Decliners	2,162	65%
Russell 2000	-29.84	1,507.05	-1.94%	52 Wk Highs	36		52 Wk Highs	88
S&P 600	-23.04	894.77	-2.51%	52 Wk Lows	3		52 Wk Lows	5

Leadership Waned as Major Indices Fell With Lighter Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 fell 0.8%, a day after closing slightly in positive territory for the year. The Dow lost 300 points, snapping a six-session winning streak. The Nasdaq Composite briefly traded above the 10,000 level for the first time ever, but pared back some gains to end 0.3% higher at a fresh closing record high of 9,953. The small cap Russell 2000 Index slipped 1.7% after climbing more than 10% during the first six trading sessions of June. Decliners led advancers by more than a 3-1 margin on the NYSE and by nearly 2-1 margin on the Nasdaq exchange. The reported volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange, indicative of only light selling coming from the institutional crowd. There were 17 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the 43 on the prior session. New 52-week highs totals contracted yet still outnumbered new 52-week lows totals which were in the single digits 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 is now -7.8% off its record high.

Stocks finished mixed on Tuesday as investors assessed Wall Street’s recent rally. Nine of 11 S&P 500 sectors finished in negative territory, with the Technology and Communication Services groups bucking the downtrend. Energy and Industrials shares, which have staged a rebound in recent weeks, led laggards. In corporate news, Apple (AAPL +3.16%) after the iPhone maker announced plans to switch from Intel’s (INTC -0.99%) main processors to its own in chips in Mac computers. Tiffany & Co (TIF +1.95%) rose as an encouraging rebound in its Chinese market overshadowed disappointing quarterly figures. Amazon Inc (AMZN +3.03%) rose above $2,600 for the first time as it hit a new all-time high.

Amid the perceived “risk-off” mood, Treasuries strengthened. The yield on the benchmark 10-year note was down five basis points to 0.82%. On the data front, the NFIB’s gauge of small business optimism improved more than expected in May. Separately, the Job Openings and Labor Turnover Survey (JOLTS) showed only 5 million jobs openings in April after March’s 6 million figure was the lowest since at least May 2017. In commodities, WTI crude added 1.5% to $38.78/barrel, while COMEX gold rose 0.8% to $1,712.00/ounce amid a weaker dollar.

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.

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

The Bank Index ($BKX -2.28%) outpaced the Broker/Dealer Index ($XBD -0.44%) to the downside while the Retail Index ($RLX +1.14%) posted a gain. The tech sector had a negative bias as the Biotech Index ($BTK -0.69%) and Networking Index ($NWX -1.53%) fell and the Semiconductor Index ($SOX -0.03%) finished flat. Energy-linked groups were standout decliners as the Oil Services Index ($OSX -7.38%) and the Integrated Oil Index ($XOI -4.08%) fell, meanwhile, the Gold & Silver Index ($XAU +1.15%) ended higher.

Chart courtesy of www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD -0.44%) is now -5.9% off its February high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	42.86	-3.41	-7.37%	-45.25%
Integrated Oil	$XOI	916.61	-38.97	-4.08%	-27.86%
Semiconductor	$SOX	1,998.09	-0.53	-0.03%	+8.03%
Networking	$NWX	585.44	-9.11	-1.53%	+0.35%
Broker/Dealer	$XBD	294.43	-1.31	-0.44%	+1.40%
Retail	$RLX	2,941.09	+33.21	+1.14%	+20.08%
Gold & Silver	$XAU	117.04	+1.33	+1.15%	+9.47%
Bank	$BKX	87.66	-2.05	-2.29%	-22.67%
Biotech	$BTK	5,623.97	-38.85	-0.69%	+10.98%

Big Chip Firm Showing Strong Sales Revenues and Earnings Increases
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Advanced Micro Devices (AMD +$3.42 or +6.46% to $56.39) was highlighted in yellow in the earlier mid-day report (read here) with pivot point cited based on its 5/20/20 high while building on an orderly double-bottom base above its 50-day moving average which has acted as support. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a convincing technical buy signal. Today's gain also has it approaching previously stubborn resistance in the $57-59 area. Subsequent gains into new high territory may mark the beginning of a new substantial leg higher.

The 3 latest quarterly comparisons through Mar '20 showed very strong earnings increases well above the +25% minimum guideline (C criteria) with greatly improved sales revenues growth +50% and +40% in the Dec '19 and Mar '20 comparisons, respectively, versus the year ago periods. Annual earnings growth (A criteria) has been very strong after losses in FY '15 and '16. it has a highest possible 99 Earnings Per Share Rating.

AMD hails from the Electronics - Semiconductor Fabless industry which has a Group Relative Strength Rating of 95 (L criteria). It has a large supply of 1.17 billion shares outstanding (S criteria), which makes it less likely to be a quick sprinter. However, the number of top-rated funds owning its shares rose from 1,669 in Jun '19 to 1,985 in Mar '20, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A and Sponsorship Rating of B. Its Accumulation/Distribution rating is B-.

Chart 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	$135.92	-1.59 -1.16%	$137.70	1,265,388 64.14% of 50 DAV 50 DAV is 1,973,000	$149.69 -9.20%	5/7/2020	$134.40	PP = $121.92
								MB = $128.02
Most Recent Note - 6/9/2020 5:35:57 PM G - Consolidating -9.2% off its all-time high with volume totals cooling in recent weeks. Prior highs in the $121 area coincide with its 50 DMA line ($121.50) defining important near-term 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	$69.43	+0.74 1.08%	$72.06	1,063,138 186.52% of 50 DAV 50 DAV is 570,000	$93.58 -25.81%	6/1/2020	$72.10	PP = $90.10
								MB = $94.61
Most Recent Note - 6/9/2020 5:33:05 PM G - Halted its slide today following a gap down and damaging loss on the prior session violating its 50 DMA line ($74.39) triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve. 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	$118.82	+0.31 0.26%	$121.79	743,743 87.85% of 50 DAV 50 DAV is 846,600	$128.29 -7.38%	5/19/2020	$123.71	PP = $119.75
								MB = $125.74
Most Recent Note - 6/5/2020 1:12:24 PM G - Color code is changed to green today after slumping below the pivot point and falling back into the previously noted base raising concerns. 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 : Pullback Into Prior Base Negated Recent Breakout - 6/8/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AMD - NASDAQ Advanced Micro Devices ELECTRONICS - Semiconductor - Broad Line	$56.39	+3.42 6.46%	$56.46	79,189,783 116.47% of 50 DAV 50 DAV is 67,989,000	$59.27 -4.86%	6/9/2020	$55.41	PP = $56.98
								MB = $59.83
Most Recent Note - 6/9/2020 5:21:59 PM Y - Finished near the session high with a solid gain today backed by +17% above average volume. It was highlighted in yellow with pivot point cited based on its 5/20/20 high after an orderly double-bottom base. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a convincing technical buy signal. Today's gain had it approaching previously stubborn resistance in the $57-59 area. Gains into new high territory may mark the beginning of a substantial leg higher. The 3 latest quarterly comparisons through Mar '20 showed very strong earnings increases with greatly improved sales revenues growth in the Dec '19 and Mar '20 comparisons versus the year ago period. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Big Chip Firm Showing Strong Sales Revenues and Earnings Increases - 6/9/2020 \| 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	$119.10	-1.36 -1.13%	$122.38	649,348 63.60% of 50 DAV 50 DAV is 1,021,000	$132.84 -10.34%	5/5/2020	$109.05	PP = $111.95
								MB = $117.55
Most Recent Note - 6/5/2020 2:39:05 PM G - Posting a big gain today following a pullback from oits all-time high. Recent gains above the pivot point lacked the great volume conviction. Prior highs in the $111 area define initial support to watch. 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
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
NFLX - NASDAQ Netflix Inc SPECIALTY RETAIL - Music and Video Stores	$434.05	+14.56 3.47%	$434.73	6,541,261 78.99% of 50 DAV 50 DAV is 8,281,000	$458.97 -5.43%	5/14/2020	$441.95	PP = $449.62
								MB = $472.10
Most Recent Note - 6/9/2020 5:24:44 PM Y - Posted a solid gain today with below average volume. Found prompt support near its 50 DMA line ($417) in recent weeks while volume totals cooled. More damaging losses leading to a violation would trigger a technical sell signal. 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
NOW - NYSE Servicenow Inc Computer Sftwr-Enterprse	$388.83	+2.19 0.57%	$398.00	1,668,286 71.79% of 50 DAV 50 DAV is 2,324,000	$396.15 -1.85%	4/30/2020	$343.05	PP = $363.05
								MB = $381.20
Most Recent Note - 6/9/2020 5:28:03 PM G - Quietly touched a new all-time high today but ended in the lower third of its intra-day range. Color code is changed to green while perched above the "max buy" level. 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 : Quiet Pullback Below "Max Buy" Level for NOW - 6/4/2020 \| 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	$107.38	-0.63 -0.58%	$109.61	396,338 72.72% of 50 DAV 50 DAV is 545,000	$119.20 -9.92%	4/9/2020	$100.44	PP = $97.22
								MB = $102.08
Most Recent Note - 6/5/2020 6:14:03 PM G - Suffered a damaging loss today with volume slightly above average as it undercut prior highs raising concerns. It has been noted as extended from the prior base. Its 50 DMA line ($103.83) defines the next important near-term support. Fundamentals remain strong. >>> 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	$173.54	-1.66 -0.95%	$178.56	904,174 46.11% of 50 DAV 50 DAV is 1,961,000	$191.72 -9.48%	5/4/2020	$159.70	PP = $156.22
								MB = $164.03
Most Recent Note - 6/5/2020 6:15:31 PM G - Managed a positive reversal today after losses backed by above average volume. Its 50 DMA line ($160.55) defines important support above prior highs in the $156 area. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Positive Reversal Near Prior High and 50 DMA Line - 6/5/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TTD - NASDAQ The Trade Desk Inc Cl A Comml Svcs-Advertising	$362.98	+4.67 1.30%	$370.27	1,292,483 57.96% of 50 DAV 50 DAV is 2,230,000	$360.42 0.71%	6/3/2020	$240.61	PP = $327.35
								MB = $343.72
Most Recent Note - 6/5/2020 2:41:24 PM G - Color code is changed to green after powering above its "max buy" level and hitting a new all-time high with today's big gain. Highlighted in yellow with new pivot point cited based on its 5/07/20 high in the 6/03/20 mid-day report. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Trade Desk Posts Powerful Gain for New High - 6/3/2020 \| 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
PING - NYSE Ping Identity Hldg Corp Computer Sftwr-Security	$30.74	+0.87 2.91%	$31.91	1,251,216 107.59% of 50 DAV 50 DAV is 1,163,000	$31.50 -2.41%	6/1/2020	$29.24	PP = $29.90
								MB = $31.40
Most Recent Note - 6/9/2020 5:31:44 PM Y - Hit a new all-time high and finished at a best-ever close with today's gain back above its pivot point backed by only +8% above average volume. Found prompt support after a shakeout following its recently noted technical breakout. More damaging losses would raise greater concerns. >>> 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	$100.27	+3.00 3.08%	$104.76	2,272,008 238.41% of 50 DAV 50 DAV is 953,000	$99.62 0.65%	5/8/2020	$84.86	PP = $90.20
								MB = $94.71
Most Recent Note - 6/9/2020 12:17:34 PM G - Hitting a new all-time high with another volume-driven gain today, rallying further above its "max buy" level. Prior highs in the $90-91 area acted as support following the powerful breakout last week.. >>> 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
GDDY - NYSE Godaddy Inc Cl A Computer Sftwr-Enterprse	$79.63	-1.23 -1.52%	$81.41	633,937 35.32% of 50 DAV 50 DAV is 1,795,000	$82.47 -3.44%	6/2/2020	$79.62	PP = $82.40
								MB = $86.52
Most Recent Note - 6/9/2020 5:38:09 PM Y - Volume totals have been cooling while hovering near its 52-week high, stubbornly holding its ground. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal. It previously met stubborn resistance in the $82-84 area. >>> 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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