FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

<<<Previous Mid Day Report	Next Mid Day Report >>>
<<<Previous After Market Report	Next After Market Report >>>

You are not logged in.
This means you CAN ONLY VIEW reports that were published prior to Sunday, October 20, 2024.
You MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.

AFTER MARKET UPDATE - WEDNESDAY, JUNE 17TH, 2020

Previous After Market Report Next After Market Report >>>

Indices				NYSE			Nasdaq
DOW	-170.37	26,119.61	-0.65%	Volume	1,012,361,286	-20%	Volume	4,237,696,800	-8%
NASDAQ	+13.24	9,909.11	+0.13%	Advancers	968	33%	Advancers	1,258	38%
S&P 500	-11.25	3,113.49	-0.36%	Decliners	1,928	67%	Decliners	2,079	62%
Russell 2000	-25.73	1,426.53	-1.77%	52 Wk Highs	57		52 Wk Highs	154
S&P 600	-17.96	832.20	-2.11%	52 Wk Lows	0		52 Wk Lows	10

Major Indices Ended Mixed as Volume Totals Cooled
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow fell 170 points, while the S&P 500 lost 0.4%. The Nasdaq Composite added 0.2% for the benchmarks fourth straight day of gains. Decliners led advancers by a 2-1 margin on the NYSE and 5-3 on the Nasdaq exchange. The reported volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange, indicative of less institutional selling pressure. There were 44 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 43 on the prior session. New 52-week highs totals expanded and outnumbered new 52-week lows totals on the NYSE and on the Nasdaq exchange. The major indices remain in a confirmed uptrend (M criteria). Any sustainable rally requires a healthy crop of new leaders, so it was encouraging to recently see the new highs totals improve.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite is perched near its record high.

U.S. equities were whipsawed Wednesday, as investors weighed signs of improving economic data against developments on the COVID-19 front. Sentiment was mainly pressured by reports that showed an uptick in coronavirus infections and hospitalizations in several U.S. states. Meanwhile, in China’s capital, Beijing, officials canceled 1,200 domestic flights and closed schools to contain a localized outbreak.

Federal Reserve Chair Jerome Powell testified in front of Congress for the second day, reiterating the need for fiscal support on households and small business to mitigate economic damages. On the data front today, mortgage applications rose 8% overall in the week ending June 12, while applications for new homes rose to their highest volume in more than 11 years. Separate updates on housing starts and building permits showed both figures rebounded in May after experiencing sharp declines in April. Treasuries strengthened, with the yield on the 10-year note falling two basis points to 0.73%.

Eight of 11 S&P 500 sectors finished the session in negative territory. The Energy sector led declines with WTI Crude slipping 1.9% to $37.66/barrel. In earnings, Oracle (ORCL -5.62%) fell after the company’s fourth-quarter results missed Wall Street’s revenue projections. In other corporate news, Chegg (CHGG +5.76%) rose after announcing a $500 million dollar stock buyback over the next year and a half. Stocks in the cruise line industry declined, with Norwegian Cruise Line (NCLH -8.40%) fell after cancelling the majority of its cruises through at least September.

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, Biotech, and Semiconductor Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX +0.52%) posted a small gain, but the Bank Index ($BKX -2.28%) and the Broker/Dealer Index ($XBD -0.93%) both created a drag on the major indices. The tech sector was mixed as the Networking Index ($NWX -1.69%) fell while the Biotech Index ($BTK +0.77%) and Semiconductor Index ($SOX +0.94%) both rose. Energy-linked groups were weak as the Oil Services Index ($OSX -4.11%) and the Integrated Oil Index ($XOI -3.65%) both fell. The Gold & Silver Index ($XAU +0.27%) edged higher.

Chart courtesy of www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI -3.65%) pulled back and is consolidating above near-term support at its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	35.14	-1.51	-4.12%	-55.12%
Integrated Oil	$XOI	812.74	-30.82	-3.65%	-36.03%
Semiconductor	$SOX	1,984.08	+18.39	+0.94%	+7.27%
Networking	$NWX	560.75	-9.61	-1.69%	-3.88%
Broker/Dealer	$XBD	275.38	-2.59	-0.93%	-5.16%
Retail	$RLX	2,940.87	+15.20	+0.52%	+20.07%
Gold & Silver	$XAU	114.41	+0.30	+0.26%	+7.01%
Bank	$BKX	78.96	-1.85	-2.29%	-30.35%
Biotech	$BTK	5,608.33	+42.66	+0.77%	+10.67%

Hit New 52-Week High But Closed Below Pivot After 3-Weeks Tight
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Biomarin Pharmaceutical (BMRN +$4.85 or +4.56% to $111.32) was highlighted in yellow with pivot point cited based on its 6/04/20 high after forming an advanced "3-weeks tight" base pattern (read here). It hit a new 52-week high with today's 4th consecutive gain backed by +55% above average volume, however it retreated and finished the session bellow the pivot point. Subsequent gains above the pivot point backed by at least +40% above average volume may help clinch a convincing technical buy signal.

It has an Earnings Per Share Rating that is 99, the highest possible rank. It reported strong earnings up +343% on +25% sales revenues for the Mar '20 quarter versus the year ago period and recent quarterly comparisons showed solidly improved earnings increases with strong underlying sales revenues growth. Since turning profitable in FY '17 its annual earnings (A criteria) history has been strong.

The company hails from the Medical - Biomed/Biotech industry group which is currently ranked 6th of the 197 Industry Groups ( L criteria). It has a Timeliness Rating of A and a Sponsorship rating of B. The number of top-rated funds owning its shares rose from 1,086 in Jun '19 to 1,123 in Mar '20, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation over the past 50 days. It has 180.8 million shares outstanding (S criteria).

Charts 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	$135.48	-1.25 -0.91%	$138.84	1,188,070 65.78% of 50 DAV 50 DAV is 1,806,000	$149.69 -9.49%	5/7/2020	$134.40	PP = $121.92
								MB = $128.02
Most Recent Note - 6/15/2020 5:44:24 PM G - Closed -9.2% off its all-time high after today's big gain with higher (+10% above average) volume. Its 50 DMA line ($124.14) and prior highs in the $121 area define important near-term support to watch. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Managed a "Positive Reversal" After Brief Dip Below "Max Buy" Level - 6/15/2020 \| 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	$69.95	-0.24 -0.34%	$71.74	289,974 47.30% of 50 DAV 50 DAV is 613,000	$93.58 -25.25%	6/1/2020	$72.10	PP = $90.10
								MB = $94.61
Most Recent Note - 6/16/2020 6:02:34 PM G - Subsequent gains and a convincing rebound above the 50 DMA line ($75.75) are still needed to help its outlook improve. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Still Below 50-Day Moving Average Following Damaging Gap Down - 6/16/2020 \| 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	$119.27	+0.38 0.32%	$121.69	532,477 64.86% of 50 DAV 50 DAV is 821,000	$128.29 -7.03%	5/19/2020	$123.71	PP = $119.75
								MB = $125.74
Most Recent Note - 6/16/2020 6:05:42 PM G - Rebounded near its pivot point with today's 3rd consecutive gain. 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
BMRN - NASDAQ Biomarin Pharmaceutical DRUGS - Drug Manufacturers - Other	$111.32	+4.85 4.56%	$113.84	2,435,721 154.94% of 50 DAV 50 DAV is 1,572,000	$112.57 -1.11%	6/17/2020	$110.95	PP = $112.67
								MB = $118.30
Most Recent Note - 6/17/2020 6:08:18 PM Y - Finished below the pivot point cited based on its 6/04/20 high after forming an advanced "3-weeks tight" base pattern. Hit a new 52-week high with +55% above average volume behind today's 4th consecutive gain. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Reported strong results for the Mar '20 quarter and recent comparisons showed improved earnings increases. Annual earnings (A criteria) history has been strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Hit New 52-Week High But Closed Below Pivot After 3-Weeks Tight - 6/17/2020 \| 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	$54.55	+0.09 0.17%	$55.82	44,751,094 67.02% of 50 DAV 50 DAV is 66,773,000	$59.27 -7.96%	6/9/2020	$55.41	PP = $56.98
								MB = $59.83
Most Recent Note - 6/16/2020 6:13:38 PM Y - Consolidating above important support at its 50 DMA line ($53.61) with volume totals cooling. Subsequent gains above the pivot point backed by at least +40% above average volume are still needed to trigger a convincing technical buy signal. Previously met 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. >>> 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
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
TREX - NYSE Trex Company Inc MATERIALS and CONSTRUCTION - General Building Materials	$120.43	-0.40 -0.33%	$124.20	535,479 53.28% of 50 DAV 50 DAV is 1,005,000	$132.84 -9.34%	5/5/2020	$109.05	PP = $111.95
								MB = $117.55
Most Recent Note - 6/15/2020 5:48:50 PM Y - Managed a "positive reversal" today and closed near its "max buy" level. Prior highs in the $111 area define important support to watch above its 50 DMA line ($104.27). Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Pullback Toward Prior Highs Which Define Near-Term Support - 6/11/2020 \| 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	$447.77	+11.64 2.67%	$450.46	6,504,982 79.81% of 50 DAV 50 DAV is 8,151,000	$458.97 -2.44%	5/14/2020	$441.95	PP = $449.62
								MB = $472.10
Most Recent Note - 6/17/2020 6:10:58 PM Y - Found support near its 50 DMA line ($424.61) recently and posted a 3rd consecutive gain today with below average volume. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. Any damaging losses below the 50 DMA line and prior lows would trigger a more worrisome technical sell signal. >>> FEATURED STOCK ARTICLE : Weak Action Led to 50-Day Moving Average Violation - 6/12/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CHGG - NYSE Chegg Inc Consumer Svcs-Education	$63.87	+3.48 5.76%	$64.78	5,292,700 139.35% of 50 DAV 50 DAV is 3,798,000	$67.98 -6.05%	6/17/2020	$63.71	PP = $68.08
								MB = $71.48
Most Recent Note - 6/17/2020 12:35:57 PM Y - Color code is changed to yellow with pivot point cited based on its 5/15/20 high plus 10 cents after a flat 5-week base. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Bullish action came after it reported earnings +47% on +35% sales revenues for the Mar '20 quarter. Went through a choppy consolidation since dropped from the Featured Stocks list on 9/03/19. Fundamentals have remained strong. >>> FEATURED STOCK ARTICLE : Sputtering Below 50-Day Average Line in Recent Weeks - 8/27/2019 \| 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	$400.65	+2.19 0.55%	$407.59	1,556,926 71.39% of 50 DAV 50 DAV is 2,181,000	$405.53 -1.20%	4/30/2020	$343.05	PP = $363.05
								MB = $381.20
Most Recent Note - 6/16/2020 6:21:44 PM G - Posted a 3rd consecutive gain today with below average volume for its second best ever close. 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 above its 50 DMA line ($349.24). >>> 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
TEAM - NASDAQ Atlassian Corp Plc Cl A Comp Sftwr-Spec Enterprs	$176.71	+4.20 2.43%	$178.38	1,734,910 88.83% of 50 DAV 50 DAV is 1,953,000	$191.72 -7.83%	5/4/2020	$159.70	PP = $156.22
								MB = $164.03
Most Recent Note - 6/16/2020 6:11:41 PM G - Managed a "positive reversal" today for a gain with higher volume. Consolidating above its 50 DMA line ($165.65) which defines important near-term support above prior highs in the $156 area. >>> 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
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
TTD - NASDAQ The Trade Desk Inc Cl A Comml Svcs-Advertising	$382.44	+10.41 2.80%	$395.04	1,795,148 81.78% of 50 DAV 50 DAV is 2,195,000	$379.52 0.77%	6/3/2020	$240.61	PP = $327.35
								MB = $343.72
Most Recent Note - 6/15/2020 5:50:14 PM G - Hit a new high and managed its best-ever close today with average volume behind its big gain. Prior highs in the $327 area define important near-term support. >>> 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
DOCU - NASDAQ Docusign Inc Computer Sftwr-Enterprse	$161.71	-1.34 -0.82%	$167.87	6,159,979 152.47% of 50 DAV 50 DAV is 4,040,000	$165.08 -2.04%	6/10/2020	$149.73	PP = $152.10
								MB = $159.71
Most Recent Note - 6/16/2020 12:34:18 PM G - Color code was changed to green after rallying above its "max buy" level on the prior session. Posted a big gain above the pivot point backed by +107% above average volume triggering a new (or add-on) technical buy signal. >>> FEATURED STOCK ARTICLE : Advanced Ascending Base Formed for Strong E-Signature Firm - 6/10/2020 \| 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	$31.39	+0.76 2.48%	$31.74	653,004 53.18% of 50 DAV 50 DAV is 1,228,000	$31.91 -1.63%	6/1/2020	$29.24	PP = $29.90
								MB = $31.40
Most Recent Note - 6/16/2020 6:10:06 PM Y - Color code is changed to yellow after it posted a solid gain today with +25% above average volume for its second best ever close. Subsequent gains for a new high close backed by at least +40% above average volume may help clinch a convincing technical buy signal. Found support at its 20-day moving average line ($28.44). More damaging losses below it and the prior low ($27.51 on 6/04/20) would raise greater concerns and trigger more worrisome technical sell signals. >>> 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	$94.85	+1.19 1.27%	$96.93	2,772,093 260.78% of 50 DAV 50 DAV is 1,063,000	$104.90 -9.58%	5/8/2020	$84.86	PP = $90.20
								MB = $94.71
Most Recent Note - 6/17/2020 12:18:23 PM G - Pulled back on the prior session after proposing a new Pubic Offering, briefly trading below its "max buy" level. Prior highs in the $90-91 area have acted as support following the powerful breakout. >>> 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	$79.92	+1.43 1.82%	$80.24	967,102 70.80% of 50 DAV 50 DAV is 1,366,000	$82.47 -3.09%	6/2/2020	$79.62	PP = $82.40
								MB = $86.52
Most Recent Note - 6/16/2020 6:16:12 PM Y - Posted a 3rd consecutive gain today with below average volume. 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
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.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time. Questions or comments may be submitted by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307 or 954-785-1121.