FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, September 26th, 2024

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AFTER MARKET UPDATE - THURSDAY, SEPTEMBER 26TH, 2024

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Indices				NYSE			Nasdaq
DOW	+260.36	42,175.11	+0.62%	Volume	1,070,919,836	-73%	Volume	5,757,828,500	-45%
NASDAQ	+108.09	18,190.29	+0.60%	Advancers	1,690	63%	Advancers	2,695	64%
S&P 500	+23.11	5,745.37	+0.40%	Decliners	1,004	37%	Decliners	1,500	36%
Russell 2000	+12.42	2,209.87	+0.57%	52 Wk Highs	268		52 Wk Highs	272
S&P 600	+10.29	1,407.55	+0.74%	52 Wk Lows	28		52 Wk Lows	118

S&P 500 Index Hits New Record High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

All of the major indices rose and the S&P 500 Index hit a new record high. The volume reported was higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by an 8-5 margin on the NYSE and by more than a 5-3 margin on the Nasdaq exchange. There were 54 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page. New 52-week highs solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria). Disciplined investors know that new buying efforts are only to be made in stocks meeting all key criteria of the fact-based investment system.

Chart courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average is hovering near its all-time high.

Leadership came from semiconductor stocks following Micron's (MU +14.73%) better-than-expected earnings report and guidance. The materials sector (+2.0%) rose while there was a +3.6% increase in copper futures prices to $4.65/lb. Dow component Caterpillar (CAT +3.36%) rose to an all-time high.

The industrials sector (+0.5%) was also helped by a big gain in Southwest Airlines (LUV +5.42%) after the discount carrier raised its Q3 guidance and announced a $2.5 billion share repurchase program. CarMax (KMX +4.99%) rose after its earnings report, so there was a small gain for the consumer discretionary sector (+0.1%), even though Amazon.com (AMZN -0.71%) and Tesla (TSLA -1.09%) both created a drag.

Oil prices continued to slide. OPEC+ says it will proceed with planned oil output increases in December. WTI crude futures declined -3.0% to $67.68/bbl. The weaknkess in oil prices pressured the energy sector (-2.0%).

Treasury yields rose as the 2-yr note settled at 3.62%, up seven basis points and the 10-yr note yield settled at 3.79%, up one basis point.

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, Gold & Silver, and Financial Indexes Led Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +0.42%) and the Bank Index ($BKX +1.28%) both gained ground while the Retail Index ($RLX -0.28%) posted a small loss. The tech sector was mixed as the Semiconductor Index ($SOX +3.47%) led with a solid gain and the Biotech Index ($BTK +1.50%) also rose, but the Networking Index ($NWX -0.85%) posted a small loss. The Gold & Silver Index ($XAU +1.44%) posted a solid gain. The Oil Services Index ($OSX -3.25%) and the Integrated Oil Index ($XOI -1.89%) both ended lower.

Chart courtesy of www.stockcharts.com

PICTURED: The Retail Index ($RLX -0.28%) pulled back for a small loss after touching a new 2024 high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	74.32	-2.50	-3.25%	-11.40%
Integrated Oil	$XOI	1,846.34	-35.58	-1.89%	-0.87%
Semiconductor	$SOX	5,310.50	+177.98	+3.47%	+27.18%
Networking	$NWX	1,125.70	-9.69	-0.85%	+35.17%
Broker/Dealer	$XBD	688.80	+2.86	+0.42%	+23.60%
Retail	$RLX	4,737.20	-13.12	-0.28%	+21.82%
Gold & Silver	$XAU	167.37	+2.38	+1.44%	+33.16%
Bank	$BKX	113.74	+1.44	+1.28%	+18.45%
Biotech	$BTK	5,857.58	+86.84	+1.50%	+8.10%

Wedging to New Highs With Quiet Volume Behind Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Texas Roadhouse (TXRH +$1.20 or +0.68% to $178.33) hit a new high with lighter volume behind today's 4th consecutive gain. The recently noted rebound above its 50-day moving average (DMA) line ($168) helped its outlook to improve. It now faces no resistance due to overhead supply. Subsequent gains for new highs backed by at least +40% above average may help to confirm a proper technical buy signal.

TXRH was highlighted in yellow with pivot point cited based on its 6/28/24 high plus 10 cents in the 7/26/24 mid-day report (read here). It was last shown in this FSU section on 8/27/24 with an annotated graph under the headline "Meeting Stubborn Resistance at 50-Day Moving Average".

TXRH has a 96 Earnings Per Share Rating, well above the 80+ minimum guideline for buy candidates. It reported Jun '24 quarterly earnings +47% on +15% sales revenues versus the year-ago period. Sequential quarterly comparisons show impressive earnings growth rate acceleration. Annual earnings growth has been strong since a downturn in FY '20.

The number of top-rated funds owning its shares rose from 682 in Sep '23 to 757 in Jun '24, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neutral concerning accumulation/distribution 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
USLM - NASDAQ U.S. Lime & Minerals Bldg-Cement/Concrt/Ag	$94.66	+0.27 0.29%	$96.85	73,034 109.01% of 50 DAV 50 DAV is 67,000	$96.85 -2.26%	9/17/2024	$71.26	PP = $87.23
								MB = $91.59
Most Recent Note - 9/26/2024 5:59:21 PM G - Touched a new all-time high with today's small gain backed by average volume. Prior high in the $87 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : US Lime & Minerals Lingers Below 50-Day Average - 9/6/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
GVA - NYSE Granite Construction Bldg-Heavy Construction	$79.02	-0.72 -0.90%	$80.78	214,472 33.30% of 50 DAV 50 DAV is 644,000	$81.38 -2.90%	6/11/2024	$59.76	PP = $64.33
								MB = $67.55
Most Recent Note - 9/26/2024 5:49:30 PM G - Volume was light today as it ended slightly lower, hovering near its all-time high. Its 50 DMA line ($71.59) and prior low in the $70 area define important near-term support levels to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Granite Contruction Closes at All-Time High - 8/30/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
MMYT - NASDAQ MakeMyTrip Leisure-Travel Booking	$94.51	-12.33 -11.54%	$106.74	2,018,073 319.82% of 50 DAV 50 DAV is 631,000	$110.49 -14.46%	7/23/2024	$96.92	PP = $93.39
								MB = $98.06
Most Recent Note - 9/26/2024 5:54:06 PM G - Suffered a big loss today with heavy volume and violated its 50 DMA line ($95.93) triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve. >>> FEATURED STOCK ARTICLE : New High After Finding Prompt Support Near 50-Day Moving Average - 9/12/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TXRH - NASDAQ Texas Roadhouse Retail-Restaurants	$178.33	+1.20 0.68%	$180.69	555,939 73.05% of 50 DAV 50 DAV is 761,000	$180.36 -1.13%	7/26/2024	$173.08	PP = $175.82
								MB = $184.61
Most Recent Note - 9/26/2024 5:57:54 PM Y - Hit a new high with lighter volume behind today's 4th consecutive gain. Recently noted rebound above the 50 DMA line ($168) helped its outlook to improve. Faces no resistance due to overhead supply. >>> FEATURED STOCK ARTICLE : Wedging to New Highs With Quiet Volume Behind Gains - 9/26/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HWM - NYSE Howmet Aerospace Aerospace/Defense	$99.30	-0.42 -0.42%	$100.62	1,453,774 51.57% of 50 DAV 50 DAV is 2,819,000	$100.62 -1.31%	7/30/2024	$93.95	PP = $85.52
								MB = $89.80
Most Recent Note - 9/26/2024 5:50:49 PM G - Volume was light today as it quietly touched a new high but ended slightly lower. Its 50 DMA ($92.55) line defines important near-term support above the recent low. >>> FEATURED STOCK ARTICLE : Holding Ground Near All-Time High After Pullback Testing Support - 8/29/2024 \| 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
MELI - NASDAQ MercadoLibre Retail-Internet	$2,100.21	-31.08 -1.46%	$2,161.73	328,468 105.62% of 50 DAV 50 DAV is 311,000	$2,161.73 -2.85%	8/5/2024	$1,793.73	PP = $1,792.15
								MB = $1,881.76
Most Recent Note - 9/26/2024 5:52:30 PM G - Volume was average today as it touched a new all-time high but ended slightly lower. Its prior low ($1,966) and 50 DMA line ($1,924) define near-term support levels to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Pulled Back From New All-Time High - 9/3/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NGVC - NYSE Natural Grocers Retail-Super/Mini Mkts	$27.58	-0.62 -2.20%	$28.84	65,034 76.51% of 50 DAV 50 DAV is 85,000	$30.32 -9.04%	9/5/2024	$27.91	PP = $27.60
								MB = $28.98
Most Recent Note - 9/26/2024 5:56:24 PM Y - Ended lower today with below average volume, retreating to just below its recently cited pivot point. previously noted - "Prior high in the $27 area defines initial support to watch on pullbacks. Fundamentals remain strong." >>> FEATURED STOCK ARTICLE : Following Pullback a Secondary Buy Point Exists - 9/5/2024 \| 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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