FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - WEDNESDAY, JUNE 12TH, 2024

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Indices				NYSE			Nasdaq
DOW	-35.21	38,712.21	-0.09%	Volume	922,767,094	+7%	Volume	5,614,690,400	+11%
NASDAQ	+264.89	17,608.44	+1.53%	Advancers	1,935	70%	Advancers	2,693	63%
S&P 500	+45.71	5,421.03	+0.85%	Decliners	830	30%	Decliners	1,590	37%
Russell 2000	+32.75	2,057.10	+1.62%	52 Wk Highs	158		52 Wk Highs	220
S&P 600	+21.18	1,306.19	+1.65%	52 Wk Lows	30		52 Wk Lows	91

Nasdaq Composite and S&P 500 Index Rise to New Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 Index (+0.9%) and Nasdaq Composite Index (+1.5%) rallied further into record territory. The Dow Jones Industrial Average (-0.1%) ended slightly lower. Volume totals reported were higher than the prior session on the NYSE and on the Nasdaq exchange. Market breadth was positive as advancers led decliners by more than a 2-1 margin on the NYSE and by a 5-3 margin on the Nasdaq exchange. There were 66 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, more than tripling the total of 21 on the prior session. New 52-week highs totals expanded and solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria) that recently endured some pressure. It was encouraging to see improvement in the new highs totals with the market showing some broad-based strength and resilience. Any uptrend requires healthy leadership.

Chart courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average is consolidating near its 50-day moving average (DMA) line.

The May Consumer Price Index reflected some welcome disinflation on a year-over-year basis in total CPI (actual +3.3%; prior +3.4%) and core CPI (actual +3.4%; prior +3.6%). The FOMC left the target range for the fed funds rate unchanged at 5.25-5.50%, as expected. The Summary of Economic Projections (SEP) showed a median estimate of only one rate cut this year versus three at the time of the March projections. The 10-yr note yield fell 11 basis points to 4.30% and the 2-yr note yield fell eight basis points to 4.75%.

Seven of the 11 S&P 500 sectors rose and information technology logged the biggest gain. Apple (AAPL +2.9%), NVIDIA (NVDA +3.6%), and Microsoft (MSFT +1.9%) were standouts. Oracle (ORCL +13.3%) jumped 13% on quarterly results and guidance.

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 and Tech Indexes Led Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +0.93%) and the Bank Index ($BKX +1.39%) both ended solidly higher while the Retail Index ($RLX +0.37%) eked out a small gain. The tech sector was led by the Semiconductor Index ($SOX +2.90%) as the Networking Index ($NWX +0.89%) and Biotech Index ($BTK +0.61%) each posted a smaller gain. The Gold & Silver Index ($XAU +0.70%) and the Oil Services Index ($OSX +0.54%) both edged higher while the Integrated Oil Index ($XOI -1.28%) ended lower.

Chart courtesy of www.stockcharts.com

PICTURED: The Bank Index ($BKX +1.39%) rebounded toward its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	83.40	+0.45	+0.54%	-0.57%
Integrated Oil	$XOI	1,994.45	-25.96	-1.28%	+7.09%
Semiconductor	$SOX	5,520.87	+155.49	+2.90%	+32.22%
Networking	$NWX	815.82	+7.20	+0.89%	-2.04%
Broker/Dealer	$XBD	627.48	+5.76	+0.93%	+12.59%
Retail	$RLX	4,477.51	+16.41	+0.37%	+15.14%
Gold & Silver	$XAU	137.67	+0.95	+0.70%	+9.53%
Bank	$BKX	101.49	+1.40	+1.39%	+5.69%
Biotech	$BTK	5,285.77	+32.28	+0.61%	-2.45%

Transdigm Consolidating Above 50-Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Transdigm Group Inc (TDG +$28.25 or +2.18% to $1,322.13) rose back above its "max buy" level with today's gain and its color code was changed to green. Its 50-day moving average (DMA) line ($1,278) defines important near-term support to watch. Fundamentals remain strong.

TDG was last shown in this FSU section on 5/21/24 with an annotated graph under the headline, "Aerospace/Defense Firm Hitting Another All-Time High". TDG reported Mar '24 quarterly earnings +34% on +21% sales revenues versus the year-ago period, its 12th 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 a 92 Earnings Per Share Rating.

The number of top-rated funds owning its shares rose from 1,332 in Dec '22 to 1,580 in Mar '24, a reassuring trend concerning the I criteria. Its small supply of 53.7 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
TDG - NYSE TransDigm Group Aerospace/Defense	$1,322.13	+28.25 2.18%	$1,332.97	265,250 126.91% of 50 DAV 50 DAV is 209,000	$1,369.58 -3.46%	4/12/2024	$1,224.21	PP = $1,246.32
								MB = $1,308.64
Most Recent Note - 6/12/2024 5:29:08 PM G - Color code is changed to green after rising back above its "max buy" level. Its 50 DMA line ($1,278) defines near-term support to watch. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Transdigm Consolidating Above 50-Day Moving Average - 6/12/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
USLM - NASDAQ U.S. Lime & Minerals Bldg-Cement/Concrt/Ag	$338.75	+12.05 3.69%	$343.75	27,338 109.35% of 50 DAV 50 DAV is 25,000	$378.78 -10.57%	2/9/2024	$254.68	PP = $265.09
								MB = $278.34
Most Recent Note - 6/12/2024 5:31:04 PM G - Gapped up today for a solid gain with average volume, finding prompt support near its 50 DMA line ($329). It has not formed a sound base. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Streak of Losses Testing 50-Day Moving Average Line - 6/6/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CLS - NYSE Celestica Elec-Contract Mfg	$54.89	+1.66 3.12%	$55.34	1,908,128 78.98% of 50 DAV 50 DAV is 2,416,000	$61.06 -10.10%	5/15/2024	$51.52	PP = $51.22
								MB = $53.78
Most Recent Note - 6/11/2024 5:38:28 PM G - Pulled back today with lighter than average volume. Prior highs in the $51 area define initial support to watch above its 50 DMA line. >>> FEATURED STOCK ARTICLE : Steady Pullback to Below "Max Buy" Level Following Rally - 6/4/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
DECK - NYSE Deckers Outdoor Apparel-Shoes and Rel Mfg	$1,039.52	-2.81 -0.27%	$1,047.39	353,947 98.32% of 50 DAV 50 DAV is 360,000	$1,106.89 -6.09%	5/24/2024	$1,010.60	PP = $956.27
								MB = $1,004.08
Most Recent Note - 6/11/2024 5:28:55 PM G - Volume totals have been cooling while stubbornly holding its ground near its all-time high. Prior highs in the $956 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Big "Breakaway Gap" for Deckers Outdoor - 5/24/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ELF - NYSE e.l.f. Beauty Cosmetics/Personal Care	$197.32	+7.74 4.08%	$202.47	1,482,604 86.96% of 50 DAV 50 DAV is 1,705,000	$221.83 -11.05%	5/24/2024	$193.79	PP = $182.73
								MB = $191.87
Most Recent Note - 6/12/2024 5:32:54 PM G - Color code is changed to green after a 3rd consecutive solid gain today with average volume, rebounding above its "max buy" level near prior highs. Its 50 DMA line ($171) defines important near-term support to watch. >>> FEATURED STOCK ARTICLE : Down on Lighter Volume After Breakout From "Double Bottom" Base - 5/29/2024 \| 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
PDD - NASDAQ PDD Holdings ADR Retail-Internet	$151.00	+4.07 2.77%	$151.02	7,069,257 76.35% of 50 DAV 50 DAV is 9,259,000	$164.69 -8.31%	5/24/2024	$161.85	PP = $153.09
								MB = $160.74
Most Recent Note - 6/11/2024 5:42:50 PM Y - Pulled back today with near average volume following 3 gains with below average volume. Raised concerns recently as it negated the breakout after clearing a 20-week base. Disciplined investors avoid big losses by selling any stock that falls more than 7-8% below their purchase price. >>> FEATURED STOCK ARTICLE : Pulled Back Below Prior Highs Raising Concerns - 5/28/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CRWD - NASDAQ CrowdStrike Holdings Computer Sftwr-Security	$387.37	+2.74 0.71%	$390.71	5,811,565 171.99% of 50 DAV 50 DAV is 3,379,000	$385.00 0.62%	5/28/2024	$351.47	PP = $365.10
								MB = $383.36
Most Recent Note - 6/12/2024 12:34:35 PM G - Color code is changed to green while hitting new all-time highs with today's 4th consecutive volume-driven gain. Rebounded above its 50 DMA line ($321.76) last week. Bullish action came after it reported Apr '24 quarterly earnings +63% on +33% sales revenues versus the year-ago period, continuing its strong earnings track record. Recent lows define important near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Volume-Driven Loss Triggered Technical Sell Signal - 5/30/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NVO - NYSE Novo Nordisk ADR Medical-Ethical Drugs	$143.26	+1.47 1.04%	$144.50	3,236,433 85.51% of 50 DAV 50 DAV is 3,785,000	$143.94 -0.47%	6/7/2024	$143.06	PP = $138.38
								MB = $145.30
Most Recent Note - 6/11/2024 12:20:46 PM Y - Pausing today after 8 consecutive gains while wedging to new all-time highs. Color code was changed to yellow with pivot point cited based on its 3/07/24 high. To clinch a proper technical buy signal gains above the pivot point must be backed by at least +40% above-average volume. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Wedging Into New High Ground - 6/7/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
GVA - NYSE Granite Construction Bldg-Heavy Construction	$62.44	+2.59 4.33%	$63.06	664,834 156.06% of 50 DAV 50 DAV is 426,000	$64.33 -2.94%	6/11/2024	$59.76	PP = $64.33
								MB = $67.55
Most Recent Note - 6/12/2024 5:34:03 PM Y - Gapped up today for a 3rd consecutive volume-driven gain. Color code was changed to yellow when highlighted on the earlier mid-day report as it was noted that a valid secondary buy point exists up to +5% above the recent high after finding support at its 10 WMA line following a prior breakout. Reported improved earnings in the Jun, Sep, Dec '23, and Mar '24 quarters versus the year ago periods. Annual earnings growth has been strong and steady. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Granite Construction Found Support at 10-Week Moving Average - 6/11/2024 \| 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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