FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, JULY 31ST, 2023

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Indices				NYSE			Nasdaq
DOW	+0.74	35,460.03	+0.00%	Volume	267,930,945	-69%	Volume	2,378,225,570	-47%
NASDAQ	+22.71	14,339.37	+0.16%	Advancers	2,075	72%	Advancers	2,727	64%
S&P 500	+2.65	4,584.88	+0.06%	Decliners	791	28%	Decliners	1,565	36%
Russell 2000	+17.65	1,999.18	+0.89%	52 Wk Highs	123		52 Wk Highs	115
S&P 600	+8.60	1,279.69	+0.68%	52 Wk Lows	6		52 Wk Lows	50

Major Indices Ended Higher After Late Session Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Russell 2000 rose +1.1%. The market-cap weighted S&P 500 rose 0.2%. The volume totals reported were lighter on the NYSE and on the Nasdaq exchange versus the prior session. Breadth was positive as advancers led decliners by a 5-2 margin on the NYSE and by nearly 2-1 on the Nasdaq exchange. There were 57 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 34 on the prior session. New 52-week highs totals 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 Nasdaq Composite Index is perched near its 2023 high.

The major indices posted slim gains due to a nice move higher in the last 10 minutes of trading. The S&P 500 energy sector (+2.0%) posted a solid gain boosted by Chevron (CVX +3.0%) after an analyst upgrade. The health care sector (-0.8%), meanwhile, was the worst performer. Johnson & Johnson (JNJ -4.0%) created a drag on the sector after a U.S. judge ruled against resolving talc claims in bankruptcy. Agilent (A -3.4%) was also a notable loser after being downgraded.

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.

Commodity-Linked Groups Led Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.21%) posted a small gain, and the Bank Index ($BKX +0.00%) and the Broker/Dealer Index ($XBD +0.06%) both finished flat. The tech sector was mixed as the Semiconductor Index ($SOX +0.31%) and the Networking Index ($NWX +0.77%) finished higher but the Biotech Index ($BTK -0.38) finished lower. Commodity-linked groups had a positive bias as the Gold & Silver Index ($XAU +2.78%) outpaced the Oil Services Index ($OSX +2.00%) and the Integrated Oil Index ($XOI +1.71%).

Chart courtesy of www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI +1.71%) is perched near its April 2023 high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	93.42	+1.83	+2.00%	+11.40%
Integrated Oil	$XOI	1,839.43	+30.89	+1.71%	+2.92%
Semiconductor	$SOX	3,863.61	+11.85	+0.31%	+52.58%
Networking	$NWX	812.41	+6.21	+0.77%	+3.71%
Broker/Dealer	$XBD	513.39	+0.29	+0.06%	+14.31%
Retail	$RLX	3,556.59	+7.30	+0.21%	+29.14%
Gold & Silver	$XAU	127.73	+3.46	+2.78%	+5.68%
Bank	$BKX	89.08	+0.07	+0.08%	-11.67%
Biotech	$BTK	5,318.98	-20.17	-0.38%	+0.72%

Volume Cooling While Hovering Near High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Palo Alto Networks (PANW +$1.37 or +0.55% to $249.81) posted a 4th consecutive small gain. Volume totals have been cooling while consolidating above its 50-day moving average (DMA) line ($234) which defines near-term support to watch. It has not formed a sound new base of sufficient length. Fundamentals remain strong.

PANW was highlighted in yellow with new pivot point cited based on its 4/20/22 high plus 10 cents in the 6/05/23 mid-day report (read here). It was last shown in great detail on 6/27/23 with an annotated graph under the headline, "Strength Continues for Network Security Leader".

It has a 98 Earnings Per Share Rating. It has shown bullish action after reporting Apr '23 quarterly earnings +83% on +24% sales revenues versus the year-ago period. Prior quarterly comparisons were above the +25% minimum earnings guideline (C criteria). It had a downturn in FY '20 earnings like many companies during the pandemic but has continued posting strong annual earnings (A criteria) since.

PANW's share price was impacted by a 3:1 split on 9/14/22 and it now has a supply (S criteria) of 305.9 million shares outstanding. The number of top-rated funds owning its shares rose from 892 in Jun '17 to 2,716 in Jun '23, a very reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 2.0 is an unbiased indication that over the past 50 days it has been under accumulation. It has an A Timeliness Rating and a C Sponsorship Rating.

Charts courtesy 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	$59.99	+1.24 2.11%	$60.24	339,741 103.90% of 50 DAV 50 DAV is 327,000	$60.58 -0.97%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 7/31/2023 4:24:11 PM G - Posted a 5th consecutive gain today for a best-ever close. It is very extended from any sound base and its 50 DMA line ($53.58) 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	$173.97	+0.19 0.11%	$176.27	180,893 80.40% of 50 DAV 50 DAV is 225,000	$174.56 -0.34%	4/27/2023	$148.85	PP = $152.23
								MB = $159.84
Most Recent Note - 7/28/2023 6:00:19 PM G - Hit a new all-time high today after testing its 50 DMA line ($159) on the prior session. Reported Jun '23 quarterly earnings +65% on +27% versus the year ago period. Volume and volatility often increase near earnings news. >>> 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	$84.32	-0.64 -0.75%	$85.56	83,712 51.04% of 50 DAV 50 DAV is 164,000	$91.23 -7.57%	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	$166.26	+1.07 0.65%	$167.05	284,342 74.44% of 50 DAV 50 DAV is 382,000	$172.54 -3.64%	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	$180.39	+5.86 3.36%	$180.81	281,131 136.47% of 50 DAV 50 DAV is 206,000	$196.39 -8.15%	4/24/2023	$150.01	PP = $157.56
								MB = $165.44
Most Recent Note - 7/31/2023 5:01:47 PM Y - Posted a 2nd consecutive volume-driven gain and rebounded above its 50 DMA line ($177) and its color code is changed to yellow. Reported Jun '23 quarterly earnings +30% on +19% sales revenues versus the year-ago period. >>> 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	$312.00	+2.02 0.65%	$312.22	407,956 97.36% of 50 DAV 50 DAV is 419,000	$340.06 -8.25%	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 N V R Inc MATERIALS and CONSTRUCTION - Residential Construction	$6,306.44	-36.89 -0.58%	$6,369.72	16,150 68.43% of 50 DAV 50 DAV is 23,600	$6,474.53 -2.60%	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	$84.39	-0.43 -0.51%	$85.49	1,848,031 65.51% of 50 DAV 50 DAV is 2,821,000	$86.01 -1.88%	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	$60.69	-0.14 -0.23%	$61.01	240,528 53.57% of 50 DAV 50 DAV is 449,000	$63.72 -4.76%	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, Inc" Computer-Networking	$155.09	+4.00 2.65%	$155.42	5,788,934 171.33% of 50 DAV 50 DAV is 3,378,800	$178.36 -13.05%	5/30/2023	$176.35	PP = $171.54
								MB = $180.12
Most Recent Note - 7/31/2023 12:15:56 PM G - Due to report Jun '23 quarterly results. Volume and volatility often increase near earnings news. Violated its 50 DMA line ($160) on the prior session triggering a technical sell signal with heavier volume behind its 3rd consecutive loss. A rebound above the 50 DMA line is needed for its outlook to improve. >>> 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	$249.96	+1.52 0.61%	$253.34	2,278,381 34.61% of 50 DAV 50 DAV is 6,583,000	$258.88 -3.45%	6/5/2023	$228.35	PP = $213.73
								MB = $224.42
Most Recent Note - 7/31/2023 4:58:13 PM G - Posted a 4th consecutive gain today with light volume. Volume totals have been cooling while consolidating above its 50 DMA line ($234) which defines near-term support to watch. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Volume Cooling While Hovering Near High - 7/31/2023 \| 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	$90.94	-0.01 -0.01%	$91.55	2,059,093 92.25% of 50 DAV 50 DAV is 2,232,000	$98.18 -7.37%	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	$81.23	+2.39 3.03%	$81.35	113,707 85.88% of 50 DAV 50 DAV is 132,400	$87.46 -7.12%	6/28/2023	$83.14	PP = $87.11
								MB = $91.47
Most Recent Note - 7/31/2023 4:25:08 PM Y - Color code was changed to yellow after rebounding back above its 50 DMA line ($78.68) with 2 consecutive gains. 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	$77.72	+0.92 1.20%	$77.75	3,541,559 65.31% of 50 DAV 50 DAV is 5,423,000	$81.24 -4.33%	7/10/2023	$78.29	PP = $74.45
								MB = $78.17
Most Recent Note - 7/31/2023 5:03:18 PM Y - Volume totals are cooling while perched near its all-time high. Its prior high in the $74 area defines support above its 50 DMA line ($73.14) 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	$135.84	+1.03 0.76%	$136.15	1,861,575 320.41% of 50 DAV 50 DAV is 581,000	$138.49 -1.91%	7/11/2023	$126.92	PP = $123.97
								MB = $130.17
Most Recent Note - 7/31/2023 5:06:08 PM G - Posted a gain today with above average volume. Reported 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 ($120.73). >>> 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	$51.61	+0.77 1.51%	$52.26	2,263,856 155.81% of 50 DAV 50 DAV is 1,453,000	$53.05 -2.71%	7/13/2023	$49.86	PP = $48.82
								MB = $51.26
Most Recent Note - 7/28/2023 5:57:55 PM Y - Posted a 2nd consecutive gain with below average volume. Due to report Jun '23 quarterly earnings news on 8/01/23. 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	$49.95	-0.51 -1.01%	$50.63	21,911 73.04% of 50 DAV 50 DAV is 30,000	$54.03 -7.56%	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	$253.17	-1.64 -0.64%	$257.25	240,171 61.42% of 50 DAV 50 DAV is 391,000	$264.19 -4.17%	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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