FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - WEDNESDAY, JULY 15TH, 2020

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Indices				NYSE			Nasdaq
DOW	+227.51	26,870.10	+0.85%	Volume	950,853,078	+5%	Volume	4,568,648,000	+4%
NASDAQ	+61.50	10,550.08	+0.59%	Advancers	2,473	84%	Advancers	2,554	81%
S&P 500	+29.04	3,226.56	+0.91%	Decliners	457	16%	Decliners	612	19%
Russell 2000	+50.01	1,478.27	+3.50%	52 Wk Highs	99		52 Wk Highs	106
S&P 600	+30.11	853.10	+3.66%	52 Wk Lows	4		52 Wk Lows	8

Leadership Improves With Volume Higher Behind Indices' Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 rose 0.9%, paring its year-to-date decline to just 0.1%. The Dow climbed 227 points, its fourth-straight advance and longest winning streak since early June. The Nasdaq Composite was up 0.6%. Breadth was positive as advancers led decliners by more than a 5-1 margin on the NYSE and more than 4-1 on the Nasdaq exchange. The reported volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange, indicative of great buying conviction coming from institutional investors. There were 61 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, quadrupling the total of 15 on the prior session. New 52-week highs totals expanded and solidly outnumbered new 52-week lows totals which were in the single digits 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 substantial new highs totals.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index rebounded near its June high with heavier volume behind the gain, ending -5% off its all-time high.

Stocks finished higher on Wednesday as investors digested positive COVID-19 vaccine headlines and corporate earnings reports. Ten of 11 S&P 500 sectors closed in positive territory, with Utilities the sole declining group. The more cyclical and value-oriented groups led the advance, with Industrials pacing gains. In earnings, Goldman Sachs (GS +1.35%) rose after delivering its second-highest revenue on record, citing strength in trading and investment banking. Elsewhere, drugmaker Moderna (MRNA +6.90%) hit a new high after all 45 patients in an early stage trial of its experimental vaccine produced the desired antibodies, while AstraZeneca (AZN +7.45%) gapped up and hit a new high on optimism surrounding its own vaccine candidate developments.

On the data front, industrial production rose 5.4% in June, improving from May’s 1.4% uptick. A separate release revealed that business activity in the New York state region increased this month for the first time since March. Treasuries were little changed with the yield on the 10-year note steady at 0.62%. In central bank news, the Fed released its Beige Book, which indicated all districts observed improved economic activity, though a “highly uncertain” outlook remained as the COVID-19 pandemic lingers.

In commodities, WTI crude gained 1.7% to $40.98/barrel after an official government report showed U.S. crude stockpiles declined more than anticipated in the most recent week. In FOREX trading a gauge of the U.S. dollar slipped to its lowest level in five weeks.

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

Financial stocks had a positive impact on the major indices as the Broker/Dealer ($XBD +2.96%) and the Bank ($BKX +3.21%) both posted solid gains. The Retail ($RLX -0.71%) created a drag, largely due to the Amazon (AMZN -2.44%), which suffered a 3rd consecutive volume-driven loss from its all-time high following "negative reversal". The Gold & Silver ($XAU +0.63%) edged higher while energy-linked groups rose as the Oil Services ($OSX +4.63%) and Integrated Oil ($XOI +2.02%) both posted solid gains. The Networking ($NWX +1.72%) and Biotech ($BTK +2.01%) led the tech sector, meanwhile the Semiconductor ($SOX -0.27%) lagged with a small loss.

Chart courtesy of www.stockcharts.com

PICTURED: The Integrated Oil ($XOI +2.02%) recently has been consolidating below its 50 DMA line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	34.32	+1.52	+4.63%	-56.16%
Integrated Oil	$XOI	772.65	+15.31	+2.02%	-39.19%
Semiconductor	$SOX	2,064.17	-5.62	-0.27%	+11.60%
Networking	$NWX	555.20	+9.37	+1.72%	-4.84%
Broker/Dealer	$XBD	290.58	+8.36	+2.96%	+0.07%
Retail	$RLX	3,204.46	-22.81	-0.71%	+30.83%
Gold & Silver	$XAU	137.93	+0.86	+0.63%	+29.00%
Bank	$BKX	75.16	+2.34	+3.21%	-33.70%
Biotech	$BTK	6,002.80	+118.37	+2.01%	+18.46%

Volume +71% Above Average Behind Breakout
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Charles River Labs Intl (CRL +$6.00 or +3.20% to $193.45) finished strong after highlighted in yellow with pivot point cited based on its 6/03/20 high plus 10 cents in the earlier mid-day report (read here). It hit a new all-time high with a big gain and strong close above the pivot point backed by +71% above average volume triggering a proper technical buy signal.

It reported earnings +31% on +17% sales revenues for the Mar '20 quarter, its 2nd quarterly earnings increase above the +25% minimum guideline (C criteria) of the fact-based investment system. It has a 96 Earnings Per Share Rating. Sequential quarterly comparisons show encouraging sales revenues and earnings acceleration. Annual earnings (A criteria) history has been strong and steady.

It hails from the DRUGS - Biotechnology industry group which has an 87 Group Relative Strength Rating (L criteria). The number of top-rated funds owning its shares rose from 681 in Dec '19 to 712 in Jun '20, and its Up/Down Volume Ratio is 1.6, an unbiased indication its shares have been under accumulation over the past 50 days. There is a small number of only 49.5 million shares (S criteria) outstanding, which can contribute to greater price volatility in the event of institutional buying or selling.

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	$129.32	-5.16 -3.84%	$131.55	2,812,608 155.91% of 50 DAV 50 DAV is 1,804,000	$151.95 -14.89%	6/22/2020	$142.68	PP = $149.79
								MB = $157.28
Most Recent Note - 7/15/2020 7:28:50 PM G - Undercut prior lows in the $128 area with today's damaging volume-driven loss raising greater concerns. A rebound above its 50 DMA line ($137.32) is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Best Ever Close With Volume-Driven Gain Approaching Pivot Point - 7/8/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CRL - NYSE Charles River Labs Intl DRUGS - Biotechnology	$193.45	+6.00 3.20%	$195.15	680,168 170.90% of 50 DAV 50 DAV is 398,000	$189.85 1.90%	7/15/2020	$192.66	PP = $189.95
								MB = $199.45
Most Recent Note - 7/15/2020 7:23:32 PM Y - Finished strong after highlighted in yellow in the earlier mid-day report with a pivot point cited based on its 6/03/20 high plus 10 cents. Hit a new all-time high and closed above the pivot point with s solid gain backed by +71% above average volume triggering a proper technical buy signal. Reported earnings +31% on +17% sales revenues for the Mar '20 quarter, its 2nd quarterly earnings increase above the +25% minimum guideline (C criteria) of the fact-based investment system. It has a 96 Earnings Per Share Rating. Sequential quarterly comparisons show encouraging sales revenues and earnings acceleration. Annual earnings (A criteria) history has been strong and steady. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Volume +71% Above Average Behind Breakout - 7/15/2020 \| 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	$98.16	+1.50 1.55%	$101.34	623,212 98.61% of 50 DAV 50 DAV is 632,000	$97.10 1.09%	7/7/2020	$89.47	PP = $93.68
								MB = $98.36
Most Recent Note - 7/14/2020 5:21:40 PM Y - Posted a solid gain today with below average volume for a best ever close near its all-time high. Recent gains above the new pivot point cited lacked great volume conviction. No resistance remains due to overhead supply. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Impressive Rebound to Hit a New High - 7/9/2020 \| 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	$135.15	+4.03 3.07%	$135.47	876,508 95.17% of 50 DAV 50 DAV is 921,000	$136.27 -0.82%	5/19/2020	$123.71	PP = $119.75
								MB = $125.74
Most Recent Note - 7/15/2020 7:31:39 PM G - Gapped up and posted a solid gain today with near average volume for its best ever close. Its 50 DMA line ($121.11) and prior highs in the $119 area define important near-term support to watch. Fundamentals remain strong. >>> 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	$126.74	+0.31 0.25%	$127.36	936,065 57.01% of 50 DAV 50 DAV is 1,642,000	$130.04 -2.54%	6/17/2020	$110.95	PP = $112.67
								MB = $118.30
Most Recent Note - 7/14/2020 5:29:06 PM G - Managed a "positive reversal" today and it remains perched near its all-time high, very extended from any sound base. Fundamentals remain strong. Prior high ($112.57) and its 50 DMA line ($109.34) define near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Hovering Near High With Volume Totals Cooling - 7/10/2020 \| 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
AMD - NASDAQ Advanced Micro Devices ELECTRONICS - Semiconductor - Broad Line	$55.34	+0.62 1.13%	$55.37	42,161,946 77.39% of 50 DAV 50 DAV is 54,481,000	$59.27 -6.63%	6/9/2020	$55.41	PP = $56.98
								MB = $59.83
Most Recent Note - 7/14/2020 5:34:14 PM Y - Managed a "positive reversal" today after undercutting its 50 DMA line ($53.66). Previously met stubborn resistance in the $57-59 area. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. >>> 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
TREX - NYSE Trex Company Inc MATERIALS and CONSTRUCTION - General Building Materials	$132.09	+3.57 2.78%	$132.54	888,950 83.08% of 50 DAV 50 DAV is 1,070,000	$135.32 -2.39%	6/26/2020	$109.05	PP = $132.94
								MB = $139.59
Most Recent Note - 7/14/2020 5:27:09 PM Y - Posted a solid gain today with light volume. Remains perched near its all-time high. Subsequent volume-driven gains and a close above the pivot point may clinch a new (or add-on) technical buy signal. Important near-term support is at its 50 DMA line ($120.55). Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Quietly Perched Near All-Time High After Forming a New Base - 7/6/2020 \| 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	$523.26	-1.62 -0.31%	$529.00	9,961,137 146.38% of 50 DAV 50 DAV is 6,805,000	$575.37 -9.06%	5/14/2020	$441.95	PP = $449.62
								MB = $472.10
Most Recent Note - 7/14/2020 12:53:28 PM G - There was a "negative reversal" on the prior session after spiking to a new all-time high with big volume-driven gains. Very extended from any sound base. Prior highs in the $458 area define near-term support above its 50 DMA line ($449). >>> 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	$70.91	+1.71 2.47%	$71.24	1,943,036 40.73% of 50 DAV 50 DAV is 4,771,000	$77.42 -8.41%	6/17/2020	$63.71	PP = $68.08
								MB = $71.48
Most Recent Note - 7/13/2020 6:29:50 PM Y - Color code is changed to yellow after pulling back below its "max buy" level with today's loss on average volume. Prior high in the $68 area defines initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Negative Reversal After Recently Wedging into New High Territory - 7/13/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LGIH - NASDAQ L G I Homes Inc Bldg-Resident/Comml	$109.40	+4.79 4.58%	$111.00	422,294 106.91% of 50 DAV 50 DAV is 395,000	$104.91 4.28%	7/7/2020	$99.19	PP = $95.82
								MB = $100.61
Most Recent Note - 7/15/2020 7:30:10 PM G - Rallied further above its "max buy" level with another big gain today on only +7% above average volume. Prior highs in the $95 area define initial support to watch following its recent technical breakout. >>> FEATURED STOCK ARTICLE : Breakout to New High Backed by 53% Above Average Volume - 7/7/2020 \| 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
NOW - NYSE Servicenow Inc Computer Sftwr-Enterprse	$423.56	+10.33 2.50%	$425.96	2,017,212 107.36% of 50 DAV 50 DAV is 1,879,000	$430.83 -1.69%	4/30/2020	$343.05	PP = $363.05
								MB = $381.20
Most Recent Note - 7/13/2020 6:51:37 PM G - Pulled back from its all-time high with a big loss today on below average volume. It has not formed a sound base. Its 50 DMA line ($389.41) defines important near-term support to watch where a violation may trigger a technical sell signal. >>> 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	$175.32	+1.17 0.67%	$176.65	1,854,430 95.10% of 50 DAV 50 DAV is 1,950,000	$198.41 -11.64%	7/7/2020	$190.44	PP = $191.82
								MB = $201.41
Most Recent Note - 7/14/2020 1:02:24 PM G - Color code is changed to green after it abruptly slumped below its 50 DMA line ($179.56) with higher volume behind today's big 4th consecutive loss triggering a technical sell signal. Recent gains above the pivot point lacked the +40% above average volume necessary to trigger a convincing new (or add-on) technical buy signal. The prior ow ($160.20 on 5/27/20) defines its next important support above prior highs in the $156 area. >>> 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
TTD - NASDAQ The Trade Desk Inc Cl A Comml Svcs-Advertising	$436.37	+4.33 1.00%	$443.99	1,440,173 69.74% of 50 DAV 50 DAV is 2,065,000	$475.67 -8.26%	6/3/2020	$340.61	PP = $327.35
								MB = $343.72
Most Recent Note - 7/13/2020 6:49:47 PM G - Suffered a "negative reversal today after hitting a new all-time high. Very extended from any sound base. Its 50 DMA line ($356.80) defines near-term support to watch. >>> 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	$192.83	-3.60 -1.83%	$195.20	5,409,225 98.01% of 50 DAV 50 DAV is 5,519,000	$217.00 -11.14%	6/10/2020	$149.73	PP = $152.10
								MB = $159.71
Most Recent Note - 7/14/2020 12:37:07 PM G - Abruptly retreated with a big loss on above average volume on the prior session. Very extended from any sound base. Its 50 DMA line ($151.33) defines near-term support to watch on pullbacks. DOCU is now priced +99% 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	$31.47	+0.75 2.44%	$31.97	1,014,886 63.19% of 50 DAV 50 DAV is 1,606,000	$35.36 -11.00%	6/1/2020	$29.24	PP = $29.90
								MB = $31.40
Most Recent Note - 7/13/2020 6:45:22 PM G - Abruptly retreated from its all-time high with a big loss today backed by above average volume. Priced another Secondary Offering on 7/09/20 after an earlier Secondary Offering on 5/15/20. It has not formed a sound base of sufficient length. Prior highs in the $29 area define initial support to watch above its 50 DMA line ($29.09). >>> 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
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
AAXN - NASDAQ Axon Enterprise Inc Security/Sfty	$92.64	-0.19 -0.20%	$94.70	438,652 32.28% of 50 DAV 50 DAV is 1,359,000	$104.90 -11.69%	5/8/2020	$84.86	PP = $90.20
								MB = $94.71
Most Recent Note - 7/14/2020 5:33:08 PM Y - Undercut prior highs in the $90-91 area and managed a "positive reversal" today after testing support at its 50 DMA line ($87.74). More damaging losses would raise concerns and trigger a technical sell signal. Completed a new Public Offering on 6/17/20. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Managed Positive Reversal After Testing 50-Day Moving Average - 7/14/2020 \| 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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