FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - THURSDAY, JULY 2ND, 2020

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Indices				NYSE			Nasdaq
DOW	+92.39	25,827.36	+0.36%	Volume	897,158,894	-3%	Volume	3,995,900,400	-13%
NASDAQ	+53.00	10,207.63	+0.52%	Advancers	1,810	62%	Advancers	1,893	57%
S&P 500	+14.15	3,130.01	+0.45%	Decliners	1,099	38%	Decliners	1,417	43%
Russell 2000	+4.55	1,431.86	+0.32%	52 Wk Highs	91		52 Wk Highs	177
S&P 600	+4.13	823.95	+0.50%	52 Wk Lows	3		52 Wk Lows	11

Nasdaq Composite Index Leads as Major Indices Rally Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow added 92 points to close out the holiday shortened week with a 3.3% weekly gain. The S&P 500 rallied 0.5%, ending 4% higher for the week. The Nasdaq Composite climbed 0.5% to a new all-time high, extending its weekly advance to 4.6%. Breadth was positive as advancers led decliners by a 9-5 margin on the NYSE and by 9-7 on the Nasdaq exchange. The reported volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange as traders prepared for the long weekend celebrating Independence Day . There were 79 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 44 on the prior session. New 52-week highs totals expanded and solidly outnumbered new 52-week lows totals on both exchanges. The major indices are in a confirmed uptrend (M criteria). Any sustainable rally requires a healthy crop of new leaders, so it remains ever-important to see hearty new highs totals.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index is -8.2% off its record high. It has found support above its 50-day and 200-day moving average (DMA) lines.

Stocks rose on Thursday as investors digested an upbeat monthly jobs report. On the data front, the Labor Department revealed a record 4.8 million jobs were added to the U.S. economy in June, exceeding consensus estimates of 3.2 million and higher than the upwardly revised to 2.7 million May reading. The unemployment rate eased to 11.1% from 13.3% in May. Separately, weekly initial jobless claims showed 1.4 million Americans filed for unemployment in the most recent week, which was slightly higher than forecasted. Rounding out the docket, was an update on factory orders which rebounded 8.0% in May from a 13.5% decline in the prior month. Treasuries were mixed, with the yield on the 10-year note little changed at 0.67%.

Nine of 11 S&P 500 sectors finished in positive territory, with the Real Estate and Communication Services groups the lone laggards. The Energy sector outperformed as WTI crude gained 1.1% to $40.25/barrel. In corporate news, Tesla (TSLA +7.95%) rallied to a new record high after delivering more than 90,000 cars in the second quarter, higher than the 72,000 analysts were expecting. Stocks that tend to benefit from easing lockdown measures rallied, with Wynn Resorts (WYNN +4.78%) rising. Elsewhere, Moderna (MRNA -4.90%) fell after the biotech company announced that a late-stage trial for its potential coronavirus vaccine would be delayed.

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, Retail, and Broker/Dealer Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX +0.42%) and Broker/Dealer Index ($XBD +0.31%) both edged higher and the Bank Index ($BKX +0.08%) finished flat. The tech sector had a positive bias as the Semiconductor Index ($SOX +1.35%) outpaced the Networking Index ($NWX +0.31%) and the Biotech Index ($BTK +0.61%). Energy-linked groups had a positive bias as the Integrated Oil Index ($XOI +1.50%) and the Oil Services Index ($OSX +0.98%) each posted gains, meanwhile, the Gold & Silver Index ($XAU -1.25%) ended lower.

Chart courtesy of www.stockcharts.com

PICTURED: The Bank Index ($BKX +0.08%) is sputtering back below its 50-day after meeting resistance near its 200-day moving average (DMA) line at its high in early June.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	32.73	+0.32	+0.99%	-58.19%
Integrated Oil	$XOI	776.28	+11.47	+1.50%	-38.90%
Semiconductor	$SOX	1,993.61	+26.63	+1.35%	+7.78%
Networking	$NWX	540.24	+1.66	+0.31%	-7.40%
Broker/Dealer	$XBD	269.38	+0.84	+0.31%	-7.23%
Retail	$RLX	3,089.15	+12.85	+0.42%	+26.13%
Gold & Silver	$XAU	127.06	-1.62	-1.26%	+18.84%
Bank	$BKX	72.57	+0.06	+0.08%	-35.98%
Biotech	$BTK	5,820.63	+35.13	+0.61%	+14.86%

Powered to New High on Prior Session With Volume Driven Gain
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Netflix Inc (NFLX -$8.75 or -1.80% to $476.89) pulled back today following a solid gain with +37% above average volume on the prior session as it rallied above its "max buy" level for a new all-time high. It found support near its 50-day moving average (DMA) line ($436) during recent consolidations.

Fundamentals remain strong after it reported earnings +107% on +28% sales revenues for the Mar '20 quarter versus the year ago period, its 3rd consecutive quarterly comparison well above the +25% minimum guideline (C criteria). NFLX finished strong after it was highlighted in yellow with pivot point cited based on its 3/03/20 high plus 10 cents in the 4/13/20 mid-day report (read here). The gain above the pivot point was backed by +55% above average volume and triggered a technical buy signal. NFLX was last shown in this FSU section on 6/12/20 with an annotated graph under the headline, "Weak Action Led to 50-Day Moving Average Violation".

A previously noted downturn in FY '15 earnings (A criteria) has been followed by very strong growth. The number of top-rated funds owning its shares (I criteria) rose from 1,534 in Mar '17 to 2,435 in Mar '20, a reassuring sign concerning the I criteria. The company has 422.2 million shares in the public float (S criteria) which can make it a less likely sprinter. It has a Timeliness rating of A, a Sponsorship rating of B, and an Accumulation/Distribution Rating of B.

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	$138.44	-0.78 -0.56%	$140.94	973,115 57.24% of 50 DAV 50 DAV is 1,700,000	$149.69 -7.52%	6/22/2020	$142.68	PP = $149.79
								MB = $157.28
Most Recent Note - 6/30/2020 5:47:10 PM Y - Found prompt support at its 50 DMA line ($130) and above the prior low ($126.88 on 6/15/20). Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a new (or add-on) technical buy signal. >>> 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	$84.08	+2.17 2.65%	$84.88	357,669 53.62% of 50 DAV 50 DAV is 667,000	$93.58 -10.15%	6/1/2020	$72.10	PP = $90.10
								MB = $94.61
Most Recent Note - 6/30/2020 5:45:59 PM G - Today's gain above the 50 DMA line helped its outlook improve. Still faces resistance due to overhead supply up to the $93 level. Fundamentals remain strong. >>> 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	$125.37	-0.47 -0.37%	$127.09	440,338 48.02% of 50 DAV 50 DAV is 917,000	$131.00 -4.30%	5/19/2020	$123.71	PP = $119.75
								MB = $125.74
Most Recent Note - 6/30/2020 5:41:13 PM Y - Pulled back below its "max buy" level with a loss today on average volume and its color code is changed to yellow. Retreating from its all-time high following volume-driven gains. Prior highs in the $119 area define important near-term support to watch above its 50 DMA line ($114.87). Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Pulled Back Below "Max Buy" Level With Loss on Average Volume - 6/30/2020 \| 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	$126.78	+0.94 0.75%	$127.98	1,091,524 64.74% of 50 DAV 50 DAV is 1,686,000	$128.77 -1.55%	6/17/2020	$110.95	PP = $112.67
								MB = $118.30
Most Recent Note - 7/1/2020 6:16:01 PM G - Posted a solid volume-driven gain today for another new all-time high, getting very extended from any sound base. Stubbornly held its ground after a streak of gains for new highs marked by heavy volume. Reported strong results for the Mar '20 quarter and recent comparisons showed improved earnings increases. Annual earnings (A criteria) history has been strong. Prior high ($112.57) defines initial support to watch on pullbacks. >>> 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	$52.34	-0.24 -0.46%	$53.19	29,003,597 49.57% of 50 DAV 50 DAV is 58,508,000	$59.27 -11.69%	6/9/2020	$55.41	PP = $56.98
								MB = $59.83
Most Recent Note - 6/30/2020 5:44:19 PM G - Rebounded toward its 50 DMA line ($53.72) with below average volume behind today's 2nd consecutive gain. Subsequent gains above the 50 DMA line are needed for its outlook to improve. Met stubborn resistance in the $57-59 area. >>> FEATURED STOCK ARTICLE : Slump Below 50-Day Average Toward Prior Low Raises Concerns - 6/26/2020 \| 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	$126.88	+2.05 1.64%	$130.56	638,951 59.94% of 50 DAV 50 DAV is 1,066,000	$132.84 -4.49%	6/26/2020	$109.05	PP = $132.94
								MB = $139.59
Most Recent Note - 7/1/2020 6:06:29 PM Y - Pulled back abruptly today after challenging its all-time high. Subsequent volume-driven gains for new highs may trigger a new (or add-on) technical buy signal. Important near-term support is at its 50 DMA line ($114.90). 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	$476.89	-8.75 -1.80%	$492.28	6,333,006 93.17% of 50 DAV 50 DAV is 6,797,000	$488.23 -2.32%	5/14/2020	$441.95	PP = $449.62
								MB = $472.10
Most Recent Note - 7/2/2020 5:27:20 PM G - Reversed into the red today after hitting a new all-time high. Powered higher with a volume-driven gain on the prior session. Found support near its 50 DMA line ($436) during recent consolidations. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Powered to New High on Prior Session With Volume Driven Gain - 7/2/2020 \| 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	$70.20	+2.12 3.11%	$71.24	4,307,135 95.16% of 50 DAV 50 DAV is 4,526,000	$70.57 -0.52%	6/17/2020	$63.71	PP = $68.08
								MB = $71.48
Most Recent Note - 6/29/2020 6:30:33 PM Y - Posted a 3rd consecutive gain today, but it remains below its pivot point. Disciplined investors may note that the recent gain above the pivot point was not backed by the at least +40% above average volume necessary to trigger a convincing technical buy signal. Confirming gains above the pivot point backed by volume would be a reassuring sign of fresh institutional buying demand. >>> FEATURED STOCK ARTICLE : Formed a Flat Base Perched Within Striking Distance of 52-Week High - 6/18/2020 \| 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	$414.21	-2.58 -0.62%	$424.84	1,384,256 68.70% of 50 DAV 50 DAV is 2,015,000	$417.62 -0.82%	4/30/2020	$343.05	PP = $363.05
								MB = $381.20
Most Recent Note - 6/30/2020 5:49:42 PM G - Posted a gain today with near average volume for a best-ever close. Volume totals have generally been cooling while hovering in a tight trading range perched near its all-time high. It has not formed a sound base. Its 50 DMA line ($372) defines important near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Hovering Near All-Time High With Volume Totals Cooling - 6/25/2020 \| 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	$190.08	+4.47 2.41%	$191.32	2,263,479 119.95% of 50 DAV 50 DAV is 1,887,000	$191.72 -0.86%	5/4/2020	$159.70	PP = $156.22
								MB = $164.03
Most Recent Note - 7/1/2020 6:14:22 PM G - Posted a big gain today with below average volume while building on an orderly consolidation above its 50 DMA line ($174). The next important near-term support is the prior low ($163.72 on 6/05/20). >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Defines Important Near-Term Support - 6/29/2020 \| 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	$442.93	+13.79 3.21%	$455.81	2,249,366 104.82% of 50 DAV 50 DAV is 2,146,000	$433.24 2.24%	6/3/2020	$340.61	PP = $327.35
								MB = $343.72
Most Recent Note - 7/2/2020 1:05:24 PM G - Hitting yet another new 52-week high today, getting very extended from any sound base. Its 50 DMA line ($335) defines near-term support above prior highs in the $327 area. >>> FEATURED STOCK ARTICLE : Pullback Breaks Streak of 8 Straight Gains Into New High Ground - 6/24/2020 \| 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	$190.99	+12.03 6.72%	$199.49	13,187,487 283.60% of 50 DAV 50 DAV is 4,650,000	$180.45 5.84%	6/10/2020	$149.73	PP = $152.10
								MB = $159.71
Most Recent Note - 7/2/2020 12:53:05 PM G - Spiking to a new all-time high today with above average volume. Very extended from any sound base. Its 50 DMA line ($138) defines near-term support to watch. DOCU is now priced +114% above its 200 DMA price, and it is taught in the Certification that a stock trading +70-100% or more above the 200 DMA is to be recognized as a "sell signal". >>> FEATURED STOCK ARTICLE : Rally From Ascending Base Leaves Stock Very Extended - 7/1/2020 \| 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	$32.49	-0.78 -2.34%	$33.70	716,973 55.07% of 50 DAV 50 DAV is 1,302,000	$35.36 -8.12%	6/1/2020	$29.24	PP = $29.90
								MB = $31.40
Most Recent Note - 7/1/2020 6:12:42 PM G - Posted a solid gain today with below average volume and it is extended from the previously noted base. Prior highs in the $29 area define initial support to watch. >>> FEATURED STOCK ARTICLE : Gain for Recent New High Backed by +71% Above Average Volume - 6/22/2020 \| 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	$100.34	+0.97 0.98%	$101.84	684,728 50.87% of 50 DAV 50 DAV is 1,346,000	$104.90 -4.35%	5/8/2020	$84.86	PP = $90.20
								MB = $94.71
Most Recent Note - 7/2/2020 5:28:41 PM G - Posted a 3rd consecutive small gain today with light volume. Completed a new Public Offering on 6/17/20. Prior highs in the $90-91 area have acted as support following a powerful breakout. More damaging losses would raise concerns and trigger a technical sell signal. >>> FEATURED STOCK ARTICLE : Completed New Pubic Offering and Found Support Near Prior High - 6/19/2020 \| 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	$71.30	-2.55 -3.45%	$74.81	1,702,550 112.90% of 50 DAV 50 DAV is 1,508,000	$84.49 -15.61%	6/2/2020	$79.62	PP = $82.40
								MB = $86.52
Most Recent Note - 7/2/2020 5:24:03 PM G - Slumped further today and met resistance after violating its 50 DMA line ($75) with damaging volume-driven losses. A prompt rebound above the 50 DMA line is needed to help its outlook improve. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to clinch a convincing technical buy signal. It previously met stubborn resistance in the $82-84 area. >>> FEATURED STOCK ARTICLE : Hit a New 52-Week High With Today's 8th Consecutive Gain - 6/23/2020 \| 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.

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