FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - THURSDAY, JULY 27TH, 2023

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Indices				NYSE			Nasdaq
DOW	-237.40	35,282.72	-0.67%	Volume	973,777,342	+12%	Volume	5,204,020,200	+21%
NASDAQ	-77.17	14,050.11	-0.55%	Advancers	658	23%	Advancers	1,241	28%
S&P 500	-29.34	4,537.41	-0.64%	Decliners	2,231	77%	Decliners	3,152	72%
Russell 2000	-25.46	1,954.90	-1.29%	52 Wk Highs	134		52 Wk Highs	172
S&P 600	-12.81	1,259.40	-1.01%	52 Wk Lows	13		52 Wk Lows	107

Major Indexes Reversed and Ended Lower
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major indices reversed and ended lower Thursday after initially the S&P 500 hit a new 52-week high of 4,607, up as much as 0.9%. The Nasdaq Composite had been up as much as 1.7%. The Dow Jones Industrial Average, which had 13 straight wins, was up as much as 0.4%. The volume totals reported were higher on the NYSE and on the Nasdaq exchange versus the prior session, indicative of increasing institutional selling pressure. Breadth was negative as decliners led advancers by more than a 3-1 margin on the NYSE and by nearly 3-1 on the Nasdaq exchange. Leadership thinned as there were 34 high-ranked companies from the Leaders List that hit a new 52-week high and were listed on the BreakOuts Page, versus the total of 56 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria). Appropriate new buying efforts may be considered under the fact-based investment system.

Chart courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index reversed after hitting a new 2023 high.

Meta Platforms (META +4.4%) rose after it reported earnings and gave a favorable outlook. Notable winners on earnings news also included McDonald's (MCD +1.2%), Comcast (CMCSA +5.7%), Lam Research (LRCX +9.3%), AbbVie (ABBV +4.9%), and Royal Caribbean (RCL +8.7%).

The $35 billion 7-yr note auction was met with underwhelming demand. Selling in the Treasury market increased after the auction results and the 10-yr note yield settled back above 4.00%, rising 16 basis points to 4.01%. The 2-yr note yield rose nine basis points to 4.92%. Also, the dollar came down sharply against the yen. USD/JPY is down 0.5% to 139.49. The U.S. Dollar Index rose 0.9% to 101.78.

Initial jobless claims (221,000), a leading indicator, hit their lowest level since February. The Q2 GDP report showed real GDP increasing at an annual rate of 2.4% that was up from 2.0% in the first quarter. June Durable Goods Orders were up a robust 4.7%, driven by increases in most durable goods categories.

Only one S&P 500 sector logged a gain, communication services (+0.9%), meanwhile the real estate (-2.1%) and utilities (-1.7%) sectors suffered the largest declines.

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.

Semiconductor Index Rose Amid Widespread Group Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financials had a negative bias as the Bank Index ($BKX -1.20%) and the Broker/Dealer Index ($XBD -1.26%) both lost ground. The Retail Index ($RLX -0.33%) edged lower. The tech sector was mixed as the Semiconductor Index ($SOX +1.86%) posted a solid gain but the Networking Index ($NWX -1.22%) and the Biotech Index ($BTK -0.58%) both finished lower. Commodity-linked groups were led lower by the Gold & Silver Index ($XAU -3.78%) suffered a standout loss while the Oil Services Index ($OSX -1.54%) and the Integrated Oil Index ($XOI -0.73%) also slumped.

Chart courtesy of www.stockcharts.com

PICTURED: The Bank Index ($BKX -1.20%) has been slowly approaching its 200 DMA line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	90.05	-1.41	-1.54%	+7.38%
Integrated Oil	$XOI	1,793.02	-13.12	-0.73%	+0.32%
Semiconductor	$SOX	3,768.27	+68.89	+1.86%	+48.82%
Networking	$NWX	818.87	-10.12	-1.22%	+4.54%
Broker/Dealer	$XBD	511.45	-6.50	-1.26%	+13.88%
Retail	$RLX	3,480.32	-11.61	-0.33%	+26.37%
Gold & Silver	$XAU	122.82	-4.83	-3.78%	+1.62%
Bank	$BKX	88.31	-1.07	-1.20%	-12.44%
Biotech	$BTK	5,268.70	-30.64	-0.58%	-0.23%

Reversed After Reaching a New All-Time High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

PulteGroup's (PHM -$0.66 or -0.78% to $83.64) had a "negative reversal" and ended lower today after hitting a new all-time high. It is very extended from any sound base. It recently reported earnings +18% for the Jun '23 quarter versus the year-ago period, below the +25% minimum guideline (C criteria) raising concerns. Important support to watch is defined by its 50-day moving average DMA line ($74.54).

PHM was highlighted in yellow in the 4/25/23 mid-day report (read here) with pivot point cited based on its May 2021 high. It was last shown in great detail on 6/26/23 with an annotated graph under the headline, "Negative Reversal After Hitting Another New High".

This Building - Residential/Commercial firm broke a streak of 13 strong quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong. It has a 98 Earnings Per Share Rating.

The number of top-rated funds owning its shares rose from 1,709 in Dec '22 to 1,896 in Jun '23. 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 a Timeliness Rating of A 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
STRL - NASDAQ Sterling Infrastructure Bldg-Heavy Construction	$58.75	+0.55 0.95%	$58.95	212,335 65.33% of 50 DAV 50 DAV is 325,000	$60.58 -3.02%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 7/24/2023 5:58:45 PM G - Pulled back with higher volume behind today's 4th consecutive loss off its all-time high. It is very extended from any sound base and its 50 DMA line defines near-term support to watch. Mar '23 quarterly earnings were below the +25% minimum guideline (C criteria) raising fundamental concerns. >>> FEATURED STOCK ARTICLE : Streak of Gains Lifts Sterling Infrastructure to New Highs - 7/3/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
FIX - NYSE Comfort Systems USA Bldg-A/C and Heating Prds	$165.38	-0.50 -0.30%	$171.07	470,087 213.68% of 50 DAV 50 DAV is 220,000	$172.02 -3.86%	4/27/2023	$148.85	PP = $152.23
								MB = $159.84
Most Recent Note - 7/27/2023 12:33:42 PM G - Reported Jun '23 quarterly earnings +65% versus the year ago period. Volume and volatility often increase near earnings news. Perched near its all-time high and testing its 50 DMA line ($159) which defines important near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Pulled Back From High With Lighter Volume - 7/19/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
KOF - NYSE Coca-Cola Femsa ADR Beverages-Non-Alcoholic	$83.59	-1.31 -1.54%	$85.32	149,726 89.66% of 50 DAV 50 DAV is 167,000	$91.23 -8.37%	6/9/2023	$88.61	PP = $91.33
								MB = $95.90
Most Recent Note - 7/25/2023 5:23:18 PM G - Due to report Jun '23 quarterly results. Volume and volatility often increase near earnings news. Its Relative Strength Rating has slumped to 79 while lingering below its 50 DMA line. A rebound above the 50 DMA line ($85.33) is needed for its outlook to improve. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Slumping Below 50-Day Moving Average and Below Prior Low - 7/6/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CLH - NYSE Clean Harbors Pollution Control	$165.49	-1.99 -1.19%	$168.10	324,185 84.64% of 50 DAV 50 DAV is 383,000	$172.54 -4.09%	3/10/2023	$136.89	PP = $136.74
								MB = $143.58
Most Recent Note - 7/25/2023 5:10:35 PM G - Hovering near its all-time high, extended from any sound base. Its 50 DMA line ($155.89) defines important near-term support to watch on pullbacks. Due to report Jun '23 quarterly results on 8/02/23. >>> FEATURED STOCK ARTICLE : Negative Reversal at High After +26% Rally in 4 Months - 7/18/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SPSC - NASDAQ SPS Commerce Comp Sftwr-Spec Enterprs	$172.82	-2.19 -1.25%	$178.45	215,793 107.36% of 50 DAV 50 DAV is 201,000	$196.39 -12.00%	4/24/2023	$150.01	PP = $157.56
								MB = $165.44
Most Recent Note - 7/24/2023 5:43:40 PM G - Pulled back nearly testing its 50 DMA line ($175) with today's 4th consecutive loss. Due to report Jun '23 quarterly results on 7/27/23. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Pulled Back Abruptly to 50-Day Moving Average Line - 7/24/2023 \| 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
HUBB - NYSE Hubbell Electrical-Power/Equipmt	$308.47	-1.53 -0.49%	$311.41	613,855 148.63% of 50 DAV 50 DAV is 413,000	$340.06 -9.29%	4/25/2023	$262.85	PP = $257.51
								MB = $270.39
Most Recent Note - 7/26/2023 5:38:35 PM G - Abruptly retreated from its all-time high with today's 2nd consecutive volume-driven undercutting its 50 DMA line ($311) raising concerns. Fundamentals remain strong after Jun '23 earnings rose +45%. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Pulled Back Undercutting 50 Day Moving Average Line - 7/26/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NVR - NYSE NVR Bldg-Resident/Comml	$6,301.71	-81.27 -1.27%	$6,389.00	36,051 156.74% of 50 DAV 50 DAV is 23,000	$6,474.53 -2.67%	4/25/2023	$5,882.18	PP = $5,978.25
								MB = $6,277.16
Most Recent Note - 7/27/2023 7:50:27 PM G - Pulled back today with above average volume. Reported Jun '23 quarterly earnings -6% on -13% sales revenues raising greater fundamental concerns. Its prior low ($6,009 on 7/06) and 50 DMA line ($6,028) define near-term support watch. >>> FEATURED STOCK ARTICLE : New High Close for Strong Homebuilder - 6/30/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PHM - NYSE PulteGroup Bldg-Resident/Comml	$83.64	-0.66 -0.78%	$86.01	2,975,654 105.33% of 50 DAV 50 DAV is 2,825,000	$86.01 -2.76%	4/25/2023	$65.17	PP = $64.01
								MB = $67.21
Most Recent Note - 7/27/2023 7:42:23 PM G - There was a "negative reversal" today after hitting another new high. It is very extended from any sound base. Recently reported earnings +18% for the Jun '23 quarter versus the year-ago period, below the +25% minimum guideline (C criteria) raising concerns. Important support to watch is defined by its 50 DMA line ($74.54). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Reversed After Reaching a New All-Time High - 7/27/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AMPH - NASDAQ Amphastar Pharm Medical-Biomed/Biotech	$60.61	-0.77 -1.25%	$61.99	293,833 63.88% of 50 DAV 50 DAV is 460,000	$63.72 -4.88%	5/15/2023	$43.56	PP = $44.15
								MB = $46.36
Most Recent Note - 7/26/2023 5:40:51 PM G - Hovering near its all-time high. It did not form a sound new base of sufficient length. Its 50 DMA line ($52) defines important support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : 6th Straight Gain for Amphastar - 7/20/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ANET - NYSE Arista Networks Computer-Networking	$160.99	-3.46 -2.10%	$164.88	3,869,209 119.79% of 50 DAV 50 DAV is 3,230,000	$178.36 -9.74%	5/30/2023	$176.35	PP = $171.54
								MB = $180.12
Most Recent Note - 7/26/2023 5:42:15 PM G - Pulled back abruptly today with higher volume. It faces little near-term resistance due to overhead supply up to the $178 level. Fundamentals remain strong. Its 50 DMA line ($159.41) defines near-term support. >>> FEATURED STOCK ARTICLE : Wedging Higher After Rebounding Above 50-Day Moving Average - 7/12/2023 \| 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
PANW - NASDAQ Palo Alto Networks Computer Sftwr-Security	$245.28	+0.27 0.11%	$249.83	3,084,619 45.98% of 50 DAV 50 DAV is 6,708,000	$258.88 -5.25%	6/5/2023	$228.35	PP = $213.73
								MB = $224.42
Most Recent Note - 7/27/2023 7:51:44 PM G - Volume totals have been cooling while consolidating above its 50 DMA line ($231) which defines near-term support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Strength Continues for Network Security Leader - 6/27/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LSCC - NASDAQ Lattice Semiconductor Elec-Semicondctor Fablss	$89.25	+4.24 4.99%	$90.61	3,234,674 144.66% of 50 DAV 50 DAV is 2,236,000	$98.18 -9.10%	6/13/2023	$91.73	PP = $96.92
								MB = $101.77
Most Recent Note - 7/27/2023 7:44:48 PM Y - Color code is changed to yellow after today's gap up and big volume-driven gain helped it promptly rebound above the 50 DMA line helping its outlook improve, Due to report Jun '23 quarterly results on 7/31/23. >>> FEATURED STOCK ARTICLE : Perched Near Pivot Point After Best-Ever Close - 7/17/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
XPEL - NASDAQ Xpel Inc Auto/Truck-Tires andamp; Misc	$76.71	-0.44 -0.57%	$78.47	129,591 97.88% of 50 DAV 50 DAV is 132,400	$87.46 -12.29%	6/28/2023	$83.14	PP = $87.11
								MB = $91.47
Most Recent Note - 7/25/2023 5:20:38 PM G - Color code is changed to green after slumping and closing below its 50 DMA line ($78.40) with today's 6th consecutive gain backed by below-average volume. Stalled after recently hitting a new 52-week high. Reported Mar '23 quarterly earnings +46% on +19% sales revenues versus the year-ago period, its 3rd quarterly comparison above the +25% minimum earnings guideline (C criteria), helping it better match the winning models of the fact-based investment system. >>> FEATURED STOCK ARTICLE : XPEL Returns to Featured Stocks List After Long Consolidation - 6/28/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
FTNT - NASDAQ Fortinet Computer Sftwr-Security	$76.58	-0.68 -0.88%	$78.52	3,956,843 72.84% of 50 DAV 50 DAV is 5,432,000	$81.24 -5.74%	7/10/2023	$78.29	PP = $74.45
								MB = $78.17
Most Recent Note - 7/24/2023 5:56:43 PM Y - Color code is changed to yellow after pulling back with light volume below its "max buy" level. Its prior high in the $74 area defines support above its 50 DMA line ($72.22) Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Fortinet Powered to New All-Time High - 7/10/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PII - NYSE Polaris Leisure-Products	$134.33	-2.84 -2.07%	$138.49	743,310 130.18% of 50 DAV 50 DAV is 571,000	$138.49 -3.00%	7/11/2023	$126.92	PP = $123.97
								MB = $130.17
Most Recent Note - 7/25/2023 12:11:08 PM G - Gapped down today then rebounded from the early low after reporting Jun '23 quarterly earnings +0% versus the year ago period, below the +25% minimum earnings guideline (C criteria). On pullbacks, the prior highs define initial support to watch above its 50 DMA line ($118). >>> FEATURED STOCK ARTICLE : Volume-Driven Breakout for Polaris - 7/11/2023 \| 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
ALGM - NASDAQ Allegro MicroSystems Elec-Semicondctor Fablss	$49.30	+0.64 1.32%	$50.44	1,183,632 81.02% of 50 DAV 50 DAV is 1,461,000	$53.05 -7.07%	7/13/2023	$49.86	PP = $48.82
								MB = $51.26
Most Recent Note - 7/25/2023 5:16:08 PM Y - Posted a gain with lighter volume today rebounding back above the pivot point following 4 consecutive losses with above-average volume. Due to report Jun '23 quarterly earnings news on 7/27/23. Volume and volatility often increase near earnings news. Disciplined investors always limit losses by selling any stock that falls more than -8% from their purchase price. >>> FEATURED STOCK ARTICLE : Volume Heavy Behind Considerable Breakout Gain - 7/13/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ESQ - NASDAQ Esquire Finl Hldgs Finance-Commercial Loans	$50.12	-1.63 -3.15%	$52.28	36,388 125.48% of 50 DAV 50 DAV is 29,000	$54.03 -7.24%	7/14/2023	$45.80	PP = $48.23
								MB = $50.64
Most Recent Note - 7/27/2023 7:46:46 PM Y - Color code is changed to yellow after pulling back below its "max buy" level. Found support above its 50 DMA line on the recent pullback. >>> FEATURED STOCK ARTICLE : Esquire Perched Near Prior Highs - 7/14/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
MEDP - NASDAQ Medpace Holdings Medical-Research Eqp/Svc	$248.88	-7.64 -2.98%	$256.84	426,113 110.68% of 50 DAV 50 DAV is 385,000	$264.19 -5.80%	7/25/2023	$196.32	PP = $241.57
								MB = $253.65
Most Recent Note - 7/27/2023 7:53:30 PM Y - Pulled back with average volume today for a 2nd consecutive loss after hitting a new all-time high. Prior highs in the $241 area define support to watch on pullbacks. Reported earnings increases above the +25% minimum earnings guideline (C criteria) in the past 5 quarterly comparisons through Jun '23. >>> FEATURED STOCK ARTICLE : Medpace Posted a Solid Volume-Driven Gain for a New High - 7/25/2023 \| 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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