FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Tuesday, September 12th, 2023

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AFTER MARKET UPDATE - TUESDAY, SEPTEMBER 12TH, 2023

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Indices				NYSE			Nasdaq
DOW	-17.73	34,645.99	-0.05%	Volume	780,318,238	+0%	Volume	4,633,191,600	+0%
NASDAQ	-144.28	13,773.61	-1.04%	Advancers	1,334	47%	Advancers	1,909	45%
S&P 500	-25.56	4,461.90	-0.57%	Decliners	1,516	53%	Decliners	2,343	55%
Russell 2000	+0.18	1,855.32	+0.01%	52 Wk Highs	64		52 Wk Highs	61
S&P 600	-0.97	1,185.37	-0.08%	52 Wk Lows	90		52 Wk Lows	197

Major Averages Ended Lower After Positive Start
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow Jones Industrial Average finished with a small loss while the S&P 500 and Nasdaq Composite closed near their worst levels of the day. Volume totals reported were slightly higher than the prior session on the NYSE and on the Nasdaq exchange. Decliners led advancers by a narrow margin on the NYSE and 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 24 on the prior session. New 52-week lows totals still outnumbered new 52-week highs totals on both the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria).

Chart courtesy of www.stockcharts.com

PICTURED: The S&P 600 Small Cap Index recently slumped below its 200-day moving average (DMA) line.

Tuesday's session started with a positive bias but the major indices ended lower. In the mega cap space, Oracle (ORCL -13.50%) was slammed following its earnings report and relatively disappointing guidance. Apple (AAPL-1.71%) was weak in front of its closely-watched product event and pulled back following a slate of announcements that featured the introduction of the iPhone 15.

Rising oil prices ($89.95/bbl, +1.66, +1.9%), which hit their highest level since last November, were another overhang for the market. That move benefited the S&P 500 energy sector (+2.3%) and made it the top performing sector, meanwhile, the heavily-weighted information technology sector (-1.8%) logged the biggest decline.

Treasuries settled little changed. The 2-yr note yield rose one basis points to 5.00% and the 10-yr note yield fell two basis points to 4.26%. The only new economic data was limited to the August NFIB Small Business Optimism index, which declined to 91.3 from 91.9. The August Consumer Price Index is due at 8:30AM on Wednesday.

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 and Energy-Linked Groups Led Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.98%) lost ground while the Bank Index ($BKX +1.73%) and the Broker/Dealer Index ($XBD +0.68%) both posted gains. The tech sector was mixed as the Biotech Index ($BTK +0.52%) edged higher while the Semiconductor Index ($SOX -0.79%) and the Networking Index ($NWX -1.019%) ended lower. The Gold & Silver Index ($XAU +0.10%) finished flat while the Oil Services Index ($OSX +2.35%) and the Integrated Oil Index ($XOI +2.07%) both posted standout gains.

Chart courtesy of www.stockcharts.com

PICTURED: The Oil Services Index ($OSX +2.35%) posted a standout gain and hit a new 2023 high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	98.76	+2.27	+2.35%	+17.77%
Integrated Oil	$XOI	1,974.32	+40.13	+2.07%	+10.47%
Semiconductor	$SOX	3,541.09	-28.14	-0.79%	+39.85%
Networking	$NWX	780.22	-7.96	-1.01%	-0.39%
Broker/Dealer	$XBD	504.29	+3.42	+0.68%	+12.28%
Retail	$RLX	3,664.70	-36.32	-0.98%	+33.07%
Gold & Silver	$XAU	115.00	+0.12	+0.10%	-4.85%
Bank	$BKX	82.02	+1.39	+1.73%	-18.67%
Biotech	$BTK	5,256.39	+27.31	+0.52%	-0.47%

Still Consolidating Above 50 DMA Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

ePlus (PLUS -$1.16 or -1.78% to $63.99) has still been consolidating since a noted "breakaway gap" on 8/08/23. Fundamentals remain strong. The recent low and 50-day moving average (DMA) line ($61.41) define important near-term support in the $61 area.

PLUS was highlighted in yellow in the 8/08/23 mid-day report (read here) with pivot point cited based on its May '22 high plus 10 cents. It was shown in greater detail that evening with an annotated graph under the headline, "ePLUS Gapped Up but Ended in Lower Half of Intra-Day Range".

Bullish action came after it 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 it better match the winning models of the fact-based investment system. Annual earnings growth (A criteria) has been strong. It has a 97 earnings Per Share rating.

It hails from the Computer-Tech Services group which is currently ranked 61st on the 197 Industry Groups list. The small supply of only 26.9 million shares outstanding (S criteria) can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares reportedly fell from 422 in Sep '22 to 409 in Jun '23, not a reassuring sign concerning the I criteria. Meanwhile, its current Up/Down Volume ratio of 1.1 is an unbiased indication its shares have been under slight 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	$76.09	-1.34 -1.73%	$78.44	274,792 66.37% of 50 DAV 50 DAV is 414,000	$84.00 -9.42%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 9/12/2023 5:31:52 PM G - Pulled back from its all-time high with today's 6th consecutive loss on light volume. It is extended from any sound base. The recent low ($73.39 on 8/18/23) defines near-term support above its 50 DMA line ($69.12). Fundamentals remain strong. >>> 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	$187.47	-0.66 -0.35%	$189.91	414,183 199.13% of 50 DAV 50 DAV is 208,000	$189.82 -1.24%	4/27/2023	$148.85	PP = $152.23
								MB = $159.84
Most Recent Note - 9/11/2023 6:35:00 PM G - Posted a small gain with average volume today for a best-ever close. Its 50 DMA line ($174.39) defines important near-term support to watch on pullbacks. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : FIX Still Stubbornly Hovering Near High - 8/21/2023 \| 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	$79.65	-2.50 -3.04%	$82.15	281,132 189.31% of 50 DAV 50 DAV is 148,500	$91.23 -12.69%	6/9/2023	$88.61	PP = $91.33
								MB = $95.90
Most Recent Note - 9/12/2023 12:37:46 PM G - Raising concerns while slumping further below its 50 DMA line ($83.63) and toward its 200 DMA line ($79) with today's loss. Faces some near-term resistance due to overhead supply up to the $91 area. Its Relative Strength Rating is currently 79. 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	$167.22	+1.87 1.13%	$168.34	226,706 69.12% of 50 DAV 50 DAV is 328,000	$178.33 -6.23%	3/10/2023	$136.89	PP = $136.74
								MB = $143.58
Most Recent Note - 9/12/2023 5:33:46 PM G - Posted a gain today with light volume but remains below its 50 DMA line ($168.79). A rebound above the 50 DMA line is needed for its outlook to improve. 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 : Volume Totals Have Been Cooling While Hovering Near High - 8/18/2023 \| 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	$318.93	-7.52 -2.30%	$331.67	365,336 85.16% of 50 DAV 50 DAV is 429,000	$340.06 -6.21%	4/25/2023	$262.85	PP = $257.51
								MB = $270.39
Most Recent Note - 9/11/2023 6:36:15 PM G - Perched only -4% off its all-time high, consolidating above its 50 DMA line ($320). Fundamentals remain strong after Jun '23 earnings rose +45% on +9% sales revenues versus the year-ago period. >>> FEATURED STOCK ARTICLE : Rebounded Near 50-Day Moving Average Line - 8/24/2023 \| 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
ANET - NYSE Arista Networks Computer-Networking	$189.03	-4.16 -2.15%	$192.75	1,506,092 55.31% of 50 DAV 50 DAV is 2,723,000	$198.70 -4.87%	8/1/2023	$188.84	PP = $178.46
								MB = $187.38
Most Recent Note - 9/11/2023 6:33:54 PM G - Pulled back today with light volume. Remains perched near its all-time high. Fundamentals remain strong. >>> 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	$88.95	-1.04 -1.16%	$90.71	1,399,156 86.31% of 50 DAV 50 DAV is 1,621,000	$98.30 -9.51%	6/13/2023	$91.73	PP = $96.92
								MB = $101.77
Most Recent Note - 9/11/2023 6:38:06 PM G - Pulled back today and closed below its 50 DMA line ($91.61) raising some concerns. 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 : Rebound Needed Above 50-Day Moving Average for Lattice - 8/17/2023 \| 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	$47.23	+0.32 0.68%	$47.38	11,339 51.54% of 50 DAV 50 DAV is 22,000	$54.03 -12.59%	7/14/2023	$45.80	PP = $48.23
								MB = $50.64
Most Recent Note - 9/12/2023 5:34:37 PM G - Its 50 DMA line ($47.99) has acted as resistance while still consolidating near prior highs in the $47 area. A rebound above the 50 DMA line is needed for its outlook to improve. >>> 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	$279.54	+0.19 0.07%	$281.94	220,902 82.12% of 50 DAV 50 DAV is 269,000	$280.12 -0.21%	7/25/2023	$196.32	PP = $241.57
								MB = $253.65
Most Recent Note - 9/11/2023 6:32:24 PM G - Posted a solid gain today for a new all-time high. Prior high ($269) defines initial support to watch above its 50 DMA line ($255). Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average - 8/23/2023 \| 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	$672.70	-3.30 -0.49%	$682.00	33,708 82.21% of 50 DAV 50 DAV is 41,000	$745.53 -9.77%	8/3/2023	$718.56	PP = $694.30
								MB = $729.02
Most Recent Note - 9/11/2023 6:29:57 PM G - Posted a gain today, rebounding above its 50 DMA line ($667) helping its outlook to improve. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Rebounded Above 50-Day Moving Average - 9/11/2023 \| 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
PLUS - NASDAQ ePlus Computer-Tech Services	$63.99	-1.16 -1.78%	$65.24	91,943 91.03% of 50 DAV 50 DAV is 101,000	$75.90 -15.69%	8/8/2023	$67.60	PP = $62.92
								MB = $66.07
Most Recent Note - 9/12/2023 5:31:07 PM Y - Still consolidating since a noted "breakaway gap" on 8/08/23. Fundamentals remain strong. The recent low and 50 DMA line define important near-term support in the $61 area.See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Still Consolidating Above 50 DMA Line - 9/12/2023 \| 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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