FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - TUESDAY, AUGUST 15TH, 2023

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Indices				NYSE			Nasdaq
DOW	-361.24	34,946.39	-1.02%	Volume	823,777,169	+1%	Volume	4,504,427,200	+4%
NASDAQ	-157.28	13,631.05	-1.14%	Advancers	449	16%	Advancers	1,196	27%
S&P 500	-51.86	4,437.86	-1.16%	Decliners	2,412	84%	Decliners	3,175	73%
Russell 2000	-24.74	1,895.75	-1.29%	52 Wk Highs	32		52 Wk Highs	63
S&P 600	-14.17	1,222.94	-1.15%	52 Wk Lows	76		52 Wk Lows	222

TODAY'S SPECIAL NOTICE

Distributional action and clearly negative breadth on Tuesday had the look of a more worrisome market correction. Greater caution is called for and disciplined investors should be ready to reduce exposure and raise cash by selling any weakening stocks on a case-by-case basis.

Major Indices Faced Greater Distributional Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The major indices suffered unanimous losses and ultimately settled near their worst levels of the day. The S&P 500 closed below its 50-day moving average for the first time since March. Volume totals reported were higher than the prior session on the NYSE and on the Nasdaq exchange, action indicative of an increase in institutional selling pressure termed "distribution". Decliners led advancers by more than a 5-1 margin on the NYSE and by a 5-2 margin on the Nasdaq exchange. There were 26 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 31 on the prior session. New 52-week lows totals rose and outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. The major indices are in an uptrend that is under pressure (M criteria), Greater caution may be necessary as the latest weakness has the look of a more serious correction.

Chart courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index has been sinking below its 50-day moving average (DMA) line.

Sentiment was hurt by weaker than expected retail sales, industrial production, and fixed asset investment data for July out of China. A warning from Fitch Ratings suggested that it might be forced to downgrade the ratings of dozens of additional banks. Also weighing on the group was Minneapolis Fed President Kashkari's view that banks may need to face tougher capital regulatory standards. The financials (-1.8%) sector slumped.

The energy sector (-2.4%) logged the biggest decline, falling alongside oil prices ($81.11/bbl, -1.41, -1.7%). The health care sector (-0.4%) registered the slimmest loss.

On the earnings front, Dow component Home Depot (HD +0.7%) posted a modest gain after reporting better than expected earnings despite negative sales growth in its Pro segment.

The Treasury market saw the 2-yr Treasury note yield rise as high as 5.01% immediately after the Retail Sales report, but it settled the session down three basis points at 4.94%. The 10-yr note yield, which jumped to 4.26% after the Retail Sales report, settled the session up four basis points to 4.22%.

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, Semiconductor, and Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Weakness in the Bank Index ($BKX -2.75%) and the Broker/Dealer Index ($XBD -1.72%) created a drag on the major indices. The Retail Index ($RLX -1.26%) also fell. The tech sector was led lower by the Semiconductor Index ($SOX -1.70%) while the Networking Index ($NWX -0.63%) edged lower and the Biotech Index ($BTK +0.06%) finished flat. Commodity-linked groups also had a negative bias as the Gold & Silver Index ($XAU -2.72%), Integrated Oil Index ($XOI -2.18%), and the Oil Services Index ($OSX -1.57%) each lost ground.

Chart courtesy of www.stockcharts.com

PICTURED: The Biotech Index ($BTK +0.06%) posted a 6th consecutive small gain, rebounding toward its 50-day and 200-day moving average (DMA) lines which have converged.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	92.00	-1.47	-1.57%	+9.71%
Integrated Oil	$XOI	1,844.98	-41.07	-2.18%	+3.23%
Semiconductor	$SOX	3,553.96	-61.49	-1.70%	+40.36%
Networking	$NWX	795.67	-5.07	-0.63%	+1.58%
Broker/Dealer	$XBD	487.84	-8.53	-1.72%	+8.62%
Retail	$RLX	3,614.85	-46.05	-1.26%	+31.26%
Gold & Silver	$XAU	114.40	-3.20	-2.72%	-5.34%
Bank	$BKX	82.89	-2.34	-2.75%	-17.81%
Biotech	$BTK	5,259.86	+3.27	+0.06%	-0.40%

Pullback with Light Volume Testing Important Support Level
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Esquire Financial Hldgs (ESQ -$1.52 or -3.07% to $48.06) fell for a 3rd consecutive loss with below-average volume. It is testing prior highs in the $47 which define important near-term support coinciding with its 50-day moving average (DMA) line ($47.13). More damaging losses would raise greater concenrs and trigger technical sell signals.

ESQ was highlighted in yellow with pivot point cited based on its 11/04/22 high plus 10 cents in the 7/14/23 mid-day report (read here). It was covered in greater detail with an annotated graph that evening under the headline, "Esquire Perched Near Prior Highs". Subsequent gains above the pivot point triggered a proper technical buy signal.

Fundamentals remain strong after it reported Jun '23 quarterly earnings +41% on +35% sales revenues versus the year ago period, continuing its strong earnings track record. It has a highest possible 99 Earnings Per Share Rating. It has reported 5 consecutive quarterly comparisons with an earnings increase above the +25% minimum guideline (C criteria). Its annual earnings growth (A criteria) history has been strong.

This thinly-traded holding company in the Finance - Commercial Loans industry group has a small supply (S criteria) of only 6.5 million shares in the public float, which can contribute to greater price volatility in the event of institutional buying or selling. It completed its $14 IPO on 6/29/17. The number of top-rated funds owning its shares rose form 64 in Sep '21 to 200 in Jun '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days.

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	$82.29	+2.15 2.68%	$83.18	587,653 148.77% of 50 DAV 50 DAV is 395,000	$82.32 -0.04%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 8/15/2023 6:06:17 PM G - Posted a solid gain today with +49% above average volume for yet another new all-time high. Very extended from any sound base. Bullish action came after it reported Jun '23 quarterly earnings +37% on +13% sales revenues versus the year-ago period. >>> FEATURED STOCK ARTICLE : Volume-Driven Gains Leave Construction Firm at All-Time High - 8/9/2023 \| 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	$178.93	+1.08 0.61%	$180.38	213,733 97.59% of 50 DAV 50 DAV is 219,000	$182.94 -2.19%	4/27/2023	$148.85	PP = $152.23
								MB = $159.84
Most Recent Note - 8/14/2023 5:56:20 PM G - Holding its ground near its all-time high, extended from any sound base. Its 50 DMA line ($166) defines important near-term support to watch on pullbacks. Reported Jun '23 quarterly earnings +65% on +27% versus the year-ago period. >>> 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 Sab Ads FOOD and BEVERAGE - Beverages - Soft Drinks	$83.27	+0.46 0.56%	$83.58	112,536 73.84% of 50 DAV 50 DAV is 152,400	$91.23 -8.73%	6/9/2023	$88.61	PP = $91.33
								MB = $95.90
Most Recent Note - 8/14/2023 6:01:39 PM G - Posted a small gain today with +110% above average volume. A rebound above the 50 DMA line ($84.31) is still needed for its outlook to improve but that short-term average recently has acted as resistance. Its Relative Strength Rating is currently 81. Reported Jun '23 quarterly earnings +23% on +26% sales revenues versus the year-ago period, below the +25% minimum guideline (C criteria). >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Line has Acted as Resistance - 8/10/2023 \| 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	$174.22	-3.50 -1.97%	$177.45	271,815 69.34% of 50 DAV 50 DAV is 392,000	$178.33 -2.30%	3/10/2023	$136.89	PP = $136.74
								MB = $143.58
Most Recent Note - 8/15/2023 6:07:25 PM G - Pulled back today with light volume, retreating from its all-time high. Its 50 DMA line ($164) defines important near-term support to watch on pullbacks. Reported earnings for the Jun '23 quarter -13% on +3% sales revenues versus the year-ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. >>> 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
HUBB - NYSE Hubbell Electrical-Power/Equipmt	$306.70	-3.73 -1.20%	$311.35	353,472 82.20% of 50 DAV 50 DAV is 430,000	$340.06 -9.81%	4/25/2023	$262.85	PP = $257.51
								MB = $270.39
Most Recent Note - 8/15/2023 6:08:13 PM G - Still lingering below its 50 DMA line ($318.73). A rebound above the 50 DMA line is needed for its outlook to improve. Fundamentals remain strong after Jun '23 earnings rose +45% on +9% sales revenues versus the year-ago period. >>> 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
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
NVR - NYSE NVR Bldg-Resident/Comml	$6,190.99	+32.29 0.52%	$6,286.88	15,683 82.54% of 50 DAV 50 DAV is 19,000	$6,474.53 -4.38%	4/25/2023	$5,882.18	PP = $5,978.25
								MB = $6,277.16
Most Recent Note - 8/10/2023 6:25:14 PM G - Reported Jun '23 quarterly earnings -6% on -13% sales revenues, its 2nd subpar quarter, raising greater fundamental concerns. Undercut its 50 DMA line ($6,143) triggering a technical sell signal with today's 3rd consecutive loss backed by light volume. >>> FEATURED STOCK ARTICLE : Consolidating Above 50 DMA After 2nd Subpar Earnings Report - 8/7/2023 \| 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	$84.24	+0.20 0.24%	$85.33	2,266,394 87.51% of 50 DAV 50 DAV is 2,590,000	$86.16 -2.23%	4/25/2023	$65.17	PP = $64.01
								MB = $67.21
Most Recent Note - 8/10/2023 6:26:44 PM G - Pulled back from its high with today's 2nd loss with below-average volume. 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. Its 50 DMA line ($77.88) defines important support to watch. >>> 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	$57.25	+3.18 5.88%	$57.64	381,284 82.35% of 50 DAV 50 DAV is 463,000	$67.66 -15.39%	5/15/2023	$43.56	PP = $44.15
								MB = $46.36
Most Recent Note - 8/15/2023 5:49:40 PM G - Rebounded above its 50 DMA line ($56.44) helping its outlook improve with today's big gain backed by below-average volume. Fundamentals remain strong after it reported Jun '23 quarterly earnings +67% on +18% sales revenues versus the year-ago period. >>> 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	$179.65	+1.53 0.86%	$181.88	1,590,820 49.27% of 50 DAV 50 DAV is 3,229,000	$190.65 -5.77%	8/1/2023	$188.84	PP = $178.46
								MB = $187.38
Most Recent Note - 8/14/2023 5:53:20 PM Y - Posted a gain today with light volume. Volume totals have been cooling while hovering near the prior high and pivot point. Bullish action came after it reported Jun '23 quarterly earnings +40% on +39% sales revenues versus the year-ago period. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Hovering Near High with Volume Totals Cooling - 8/14/2023 \| 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	$87.51	-0.82 -0.93%	$87.78	1,130,091 61.48% of 50 DAV 50 DAV is 1,838,000	$98.18 -10.87%	6/13/2023	$91.73	PP = $96.92
								MB = $101.77
Most Recent Note - 8/14/2023 6:04:07 PM G - Posted a solid gain today rebounding toward its 50 DMA line ($89.50) which may act as resistance. Subsequent gains above the 50 DMA line are needed for its outlook to improve. Reported Jun '23 quarterly earnings +24% on +18% sales revenues versus the year-ago period, just below the +25% minimum earnings guideline (C criteria). >>> 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
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
XPEL - NASDAQ XPEL Auto/Truck-Replace Parts	$84.26	-0.50 -0.59%	$84.45	107,921 81.14% of 50 DAV 50 DAV is 133,000	$87.46 -3.66%	6/28/2023	$83.14	PP = $87.11
								MB = $91.47
Most Recent Note - 8/11/2023 5:17:11 PM G - Posted another solid gain today, promptly rebounding well above its 50 DMA line ($80.27), showing resilience after triggering a technical sell signal on 8/09/23. Faces little resistance due to overhead supply up to the $87 level. Reported Jun '23 quarterly earnings +33% on +22% sales revenues versus the year-ago period. Volume and volatility often increase near earnings news. >>> FEATURED STOCK ARTICLE : Consolidating After Rebounding Above 50-Day Moving Average - 8/2/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PII - NYSE Polaris Industries Inc AUTOMOTIVE - Recreational Vehicles	$121.33	-2.37 -1.92%	$123.74	402,441 66.20% of 50 DAV 50 DAV is 607,900	$138.29 -12.26%	7/11/2023	$126.92	PP = $123.97
								MB = $130.17
Most Recent Note - 8/11/2023 5:11:06 PM G - Pulled back today for a 7th consecutive loss with below-average volume and undercut its 50 DMA line ($124.65) raising concerns. Recently reported Jun '23 quarterly earnings +0% versus the year-ago period, below the +25% minimum earnings guideline (C criteria). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Quiet Pullback Undercut 50-Day Moving Average Line - 8/11/2023 \| 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	$48.06	-1.52 -3.07%	$49.50	13,685 47.19% of 50 DAV 50 DAV is 29,000	$54.03 -11.05%	7/14/2023	$45.80	PP = $48.23
								MB = $50.64
Most Recent Note - 8/15/2023 6:04:08 PM Y - Volume was below average behind today's 3rd consecutive loss. Testing prior highs in the $47 area defining important near-term support coinciding with its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Pullback with Light Volume Testing Important Support Level - 8/15/2023 \| 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	$265.26	-0.36 -0.14%	$267.24	146,733 38.31% of 50 DAV 50 DAV is 383,000	$269.44 -1.55%	7/25/2023	$196.32	PP = $241.57
								MB = $253.65
Most Recent Note - 8/14/2023 5:58:42 PM G - Color code is changed to green while quietly perched above its "max buy" level near its all-time high. Prior highs in the $241 area define support to watch above its 50 DMA line ($239). 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
COKE - NASDAQ Coca-Cola Consolidated Beverages-Non-Alcoholic	$718.41	-2.41 -0.33%	$726.89	16,818 39.11% of 50 DAV 50 DAV is 43,000	$745.53 -3.64%	8/3/2023	$718.56	PP = $694.30
								MB = $729.02
Most Recent Note - 8/11/2023 5:15:14 PM G - Volume was below average behind today's gain for another new all-time high, rising above its "max buy" level and its color code is changed to green. Prior highs in the $693 area define initial support to watch on pullbacks. Fundamentals remain strong >>> FEATURED STOCK ARTICLE : Powerful Breakout for COKE - 8/3/2023 \| 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
ACLS - NASDAQ Axcelis Technologies Elec-Semiconductor Equip	$169.61	-0.78 -0.46%	$170.80	211,802 38.72% of 50 DAV 50 DAV is 547,000	$201.00 -15.62%	8/4/2023	$181.59	PP = $201.10
								MB = $211.16
Most Recent Note - 8/11/2023 5:12:58 PM G - Slumped further below its 50 DMA line ($176.66) and below recent lows with yet another loss today backed by above-average volume. A prompt rebound above the 50 DMA line is needed for its outlook to improve. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Formed Ascending Base and Now Testing 50-Day Moving Average - 8/4/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PLUS - NASDAQ ePlus Computer-Tech Services	$64.95	-0.23 -0.35%	$65.61	131,785 112.64% of 50 DAV 50 DAV is 117,000	$75.90 -14.43%	8/8/2023	$67.60	PP = $62.92
								MB = $66.07
Most Recent Note - 8/14/2023 6:00:05 PM Y - Stubbornly holding its ground since a noted "breakaway gap" on 8/08/23 helped it hit a new all-time high with +202% above average volume triggering a technical buy signal. Reported earnings +42% on +25% sales revenues for the Jun '23 quarter versus the year ago period, its 3rd consecutive quarterly earnings increase above the +25% minimum guideline (C criteria) helping iot better match the winning models of the fact-based investment system. Annual earnings growth (A criteria) has been strong. >>> FEATURED STOCK ARTICLE : ePLUS Gapped Up but Ended in Lower Half of Intra-Day Range - 8/8/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I

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