FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, JULY 1ST, 2024

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Indices				NYSE			Nasdaq
DOW	+50.66	39,169.52	+0.13%	Volume	873,775,246	-74%	Volume	5,240,458,500	-43%
NASDAQ	+146.70	17,879.30	+0.83%	Advancers	899	32%	Advancers	1,653	39%
S&P 500	+14.61	5,475.09	+0.27%	Decliners	1,871	68%	Decliners	2,616	61%
Russell 2000	-17.62	2,030.07	-0.86%	52 Wk Highs	71		52 Wk Highs	60
S&P 600	-11.05	1,285.93	-0.85%	52 Wk Lows	55		52 Wk Lows	173

Breadth Negative as Major Indices Ended Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow Jones Industrial Average (+0.1%), the S&P 500 (+0.3%), and the Nasdaq Composite (+0.8%) closed with gains. The Russell 2000 registered a 0.9% loss, and the S&P Mid Cap 400 fell 1.0%. Volume was lighter that the prior session totals on the NYSE and on the Nasdaq exchange, down from Friday's totals which were inflated by options expirations. Breadth was negative as decliners led advancers by 2-1 margin on the NYSE and by a 5-3 margin on the Nasdaq exchange. There were 29 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 30 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE but new lows outnumbered new highs on the Nasdaq exchange for an 11th consecutive session. The major indices are in a confirmed uptrend (M criteria) that recently endured some pressure. Remember that any uptrend requires healthy leadership.

Chart courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index is consolidating after a "negative reversal" on Friday at its all-time high.

The heavily-weighted information technology sector led the pack, gaining 1.3%, followed by the consumer discretionary (+0.7%) and financial (+0.2%) sectors. The materials sector (-1.6%) was the biggest loser followed by industrials (-1.1%). The rate-sensitive real estate (-1.0%) and utilities (-0.7%) sectors were also top laggards.

Apple (AAPL +2.91%), Amazon.com (AMZN +2.04%), Microsoft (MSFT +2.19%), and Tesla (TSLA +6.05%) were among the influential winners. Tesla was reacting to solid June deliveries from Chinese EV makers before reporting Q2 deliveries tomorrow.

The latest economic news included below-consensus ISM Manufacturing Index for June. The 10-yr note yield settled 14 basis points higher at 4.48% and the 2-yr note yield jumped five basis points to 4.77%.

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, and Integrated Oil Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +0.60%), Broker/Dealer Index ($XBD +0.37%), and the Retail Index ($RLX +0.66%) each posted gains on Monday. The Networking Index ($NWX -0.35%) and the Biotech Index ($BTK -0.26%) both edged lower while the Semiconductor Index ($SOX +0.09%) finished flat. The Integrated Oil Index ($XOI +0.59%) posted a modest gain while the Oil Services Index ($OSX -1.59%) and the Gold & Silver Index ($XAU -0.85%) both lost ground.

Chart courtesy of www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU -0.85%) pulled back for a 2nd consecutive loss and it has been meeting resistance at its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	84.03	-1.36	-1.59%	+0.18%
Integrated Oil	$XOI	2,057.43	+12.01	+0.59%	+10.47%
Semiconductor	$SOX	5,477.15	+4.89	+0.09%	+31.17%
Networking	$NWX	824.07	-2.87	-0.35%	-1.05%
Broker/Dealer	$XBD	633.81	+2.33	+0.37%	+13.73%
Retail	$RLX	4,610.71	+30.02	+0.66%	+18.56%
Gold & Silver	$XAU	136.20	-1.17	-0.85%	+8.36%
Bank	$BKX	105.13	+0.63	+0.60%	+9.49%
Biotech	$BTK	5,273.36	-14.01	-0.26%	-2.68%

Perched Near All-Time High Following Recent Gap Up With Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Novo Nordisk (NVO +$2.68 or +1.88% to $145.42) posted a gain today with higher (near average) volume, consolidating above its "max buy" level. Fundamentals remain strong. Prior highs in the $138 area define initial support to watch on pullbacks.

NVO was highlighted in the 6/07/24 mid-day report (read here) with pivot point cited based on its 3/07/24 high plus 10 cents. It was last shown in detail in this FSU section on 6/07/24 with an annotated graph under the headline, "Wedging Into New High Ground".

NVO reported Mar '24 quarterly earnings +28% on +22% sales revenues versus the year-ago period, its 5th strong quarter well above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong and steady. It has a 97 Earnings Per Share Rating, well above the 80+ minimum for buy candidates.

The number of top-rated funds owning its shares rose from 372 in Dec '22 to 569 in Mar '24, a reassuring sign concerning the I criteria. 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 a Timeliness Rating of B and an Accumulation/Distribution Rating of 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
TDG - NYSE TransDigm Group Aerospace/Defense	$1,252.72	-24.89 -1.95%	$1,298.46	299,057 122.56% of 50 DAV 50 DAV is 244,000	$1,369.58 -8.53%	4/12/2024	$1,224.21	PP = $1,246.32
								MB = $1,308.64
Most Recent Note - 6/28/2024 6:57:28 PM G - Slumped further below its 50 DMA line ($1,298) with heavy volume behind today's 4th consecutive loss raising greater concerns and 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 : 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	$350.18	-14.00 -3.84%	$367.70	16,054 66.89% of 50 DAV 50 DAV is 24,000	$378.78 -7.55%	6/18/2024	$356.30	PP = $378.88
								MB = $397.82
Most Recent Note - 6/28/2024 6:40:52 PM Y - Perched within striking distance of all-time high after volume-driven gains. Color code was changed to yellow with new pivot point cited based on its 5/15/24 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. Found prompt support after briefly undercutting its 50 DMA line ($342.57) in recent weeks. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph >>> FEATURED STOCK ARTICLE : in Striking Distance of All-Time High After Volume-Driven Gains - 6/28/2024 \| 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	$57.79	+0.46 0.80%	$58.23	1,136,714 46.21% of 50 DAV 50 DAV is 2,460,000	$61.06 -5.36%	5/15/2024	$51.52	PP = $51.22
								MB = $53.78
Most Recent Note - 6/27/2024 6:00:11 PM G - Consolidating in an orderly fashion but it has not formed a sound base of sufficient length. Important support is at prior highs in the $51 area and its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs in an Orderly Fashion - 6/27/2024 \| 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	$946.30	-21.65 -2.24%	$979.62	355,413 102.72% of 50 DAV 50 DAV is 346,000	$1,106.89 -14.51%	5/24/2024	$1,010.60	PP = $956.27
								MB = $1,004.08
Most Recent Note - 6/28/2024 6:45:30 PM G - Pulled back today for a big loss with higher volume and it recently endured distributional pressure. Prior highs in the $956 area define initial support to watch above its 50 DMA line ($940). >>> FEATURED STOCK ARTICLE : Deckers Consolidating Near High - 6/13/2024 \| 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	$204.16	-6.56 -3.11%	$219.52	1,752,360 103.20% of 50 DAV 50 DAV is 1,698,000	$221.83 -7.97%	6/18/2024	$212.40	PP = $221.93
								MB = $233.03
Most Recent Note - 6/28/2024 6:46:38 PM Y - Pulled back today with higher volume after wedging to a best-ever close on the prior session. Color code was changed to yellow with new pivot point cited based on its 3/04/24 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. Its 50 DMA line ($180) defines important near-term support to watch. >>> FEATURED STOCK ARTICLE : Perched Within Striking Distance of All-Time High - 6/20/2024 \| 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	$132.98	+0.03 0.02%	$133.55	4,983,211 50.40% of 50 DAV 50 DAV is 9,887,000	$164.69 -19.25%	5/24/2024	$161.85	PP = $153.09
								MB = $160.74
Most Recent Note - 6/27/2024 6:03:40 PM G - Color code is changed to green after slumping well below its 50 DMA line ($139.66) with today's 9th consecutive loss. A rebound above the 50 DMA line is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Still Sputtering Below Pivot Point After Negating Breakout - 6/17/2024 \| 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	$392.15	+8.96 2.34%	$392.74	2,865,731 57.28% of 50 DAV 50 DAV is 5,003,000	$394.64 -0.63%	5/28/2024	$351.47	PP = $365.10
								MB = $383.36
Most Recent Note - 6/28/2024 6:43:20 PM Y - Pulled back today for a small loss with higher volume, hovering near its "max buy" level. Its 50 DMA line ($338) defines near-term support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure Hovering Near All-Time High - 6/21/2024 \| 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	$145.42	+2.68 1.88%	$145.99	3,241,826 86.06% of 50 DAV 50 DAV is 3,767,000	$148.15 -1.84%	6/7/2024	$143.06	PP = $138.38
								MB = $145.30
Most Recent Note - 7/1/2024 7:02:13 PM G - Consolidating above its "max buy" level. Fundamentals remain strong. Prior highs in the $138 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Perched Near All-Time High Following Recent Gap Up With Volume - 7/1/2024 \| 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	$60.24	-1.73 -2.79%	$62.35	373,800 76.13% of 50 DAV 50 DAV is 491,000	$65.08 -7.44%	6/11/2024	$59.76	PP = $64.33
								MB = $67.55
Most Recent Note - 7/1/2024 7:09:13 PM Y - Pulled back today with below-average volume while testing support at its 50 DMA line ($60.28). More damaging losses would raise greater concerns and trigger a technical sell signal. Color code was changed to yellow when highlighted on the 6/11/24 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. >>> 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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