FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, October 3rd, 2024

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AFTER MARKET UPDATE - THURSDAY, OCTOBER 3RD, 2024

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Indices				NYSE			Nasdaq
DOW	-184.93	42,011.59	-0.44%	Volume	894,940,912	-0%	Volume	5,221,636,200	-7%
NASDAQ	-6.65	17,918.48	-0.04%	Advancers	958	35%	Advancers	1,386	33%
S&P 500	-9.58	5,699.96	-0.17%	Decliners	1,770	65%	Decliners	2,803	67%
Russell 2000	-14.86	2,180.15	-0.68%	52 Wk Highs	124		52 Wk Highs	81
S&P 600	-10.31	1,385.97	-0.74%	52 Wk Lows	27		52 Wk Lows	119

Major Indices Ended Slightly Lower With Lighter Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Nasdaq Composite finished flat while the S&P 500 was down -0.2%, the Dow Jones Industrial Average fell -0.4%, and the Russell 2000 fell -0.7%. The volume reported was lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Decliners led advancers by almost a 2-1 margin on the NYSE and by a 2-1 margin on the Nasdaq exchange. There were 43 high-ranked companies from the Leaders List that hit new 52-week highs 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 but new lows outnumbered new highs on the Nasdaq exchange for a 3rd consecutive session. 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 consolidating within close striking distance of its all-time high.

The market was indecisive ahead of Friday's employment report which may impact the Fed's rate cut path. A negative bias also stemmed from geopolitical worries which lifted energy prices. WTI crude oil futures settled +5.0% higher at $73.73/bbl.

The S&P 500 energy sector (+1.6%) tallied the largest gain among the 11 sectors. The S&P 500 information technology sector ended +0.6% higher. The only other sector to close higher was communication services (+0.2%) thanks to a gain Meta Platforms (META +1.74%). Five of the 11 sectors closed more than -0.9% lower. The consumer discretionary sector was the biggest laggard, dropping -1.3%. NVIDIA (NVDA +3.37%) showed strength after CEO Jensen Huang told CNBC in an interview that demand for Blackwell is "insane."

Treasuries saw the 10-yr yield settle seven basis points higher at 3.85% and the 2-yr yield settled seven basis points higher at 3.71%. The jump in yields was due in part to the release of the September ISM Non-Manufacturing Index which beat expectations.

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.

Broker/Dealer, Semiconductor, and Energy-Linked Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -1.12%) fell and the Bank Index ($BKX -0.38%) also edged lower while the Broker/Dealer Index ($XBD +0.65%) posted another modest gain. The tech sector was mixed as the Semiconductor Index ($SOX +0.51%) posted a small gain while the Networking Index ($NWX -1.21%) and the Biotech Index ($BTK -1.26%) both finished with losses. Commodity-linked groups were mixed as the Gold & Silver Index ($XAU -1.69%) fell while the Oil Services Index ($OSX +2.52%) and Integrated Oil Index ($XOI +2.54%) each posted solid gains.

Chart courtesy of www.stockcharts.com

PICTURED: The Bank Index ($BKX -0.38%) posted a 3rd consecutive small loss, testing its 50 DMA line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	80.73	+1.98	+2.52%	-3.76%
Integrated Oil	$XOI	1,990.70	+49.30	+2.54%	+6.88%
Semiconductor	$SOX	5,125.21	+26.01	+0.51%	+22.75%
Networking	$NWX	1,123.17	-13.71	-1.21%	+34.86%
Broker/Dealer	$XBD	697.21	+4.51	+0.65%	+25.11%
Retail	$RLX	4,665.35	-12.09	-0.26%	+19.97%
Gold & Silver	$XAU	158.76	-2.72	-1.69%	+26.31%
Bank	$BKX	111.81	-0.43	-0.38%	+16.45%
Biotech	$BTK	5,849.28	-74.86	-1.26%	+7.94%

Testing 50-Day Moving Average Line
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Mercadolibre Inc (MELI -$12.01 or -0.61% to $1,958.71) ended slightly lower today with lighter volume after a gap down and volume-driven loss on the prior session undercut its prior low ($1,966). It is testing its 50-day moving average DMA line ($1,960) which defines important near-term support. More damaaging losses would raise concerns and trigger a technical sell signal.

MELI was highlighted in yellow with pivot point cited based on its 5/20/24 high plus 10 cents in the 8/05/24 mid-day report (read here). It last shown in detail on 9/03/24 with an annotated graph under the headline, "Pulled Back From New All-Time High".

MELI has a highest possible Earnings Per Share Rating of 99. It reported Jun '24 quarterly earnings +103% on +42% sales revenues versus the year ago period. Three of the 4 latest quarterly comparisons have shown strong sales revenues and earnings increases well above the +25% minimum guideline (C criteria). Following losses in FY '18 -'20 and annual earnings (A criteria) have improved greatly.

The Latin American Retail - Internet firm has seen top-rated funds owning an interest in the company's shares rise from 2,690 in Sep '23 to 3,059 in Sep '24, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 provides an unbiased indication that its shares have been under accumulation over the past 50 days.

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
USLM - NASDAQ U.S. Lime & Minerals Bldg-Cement/Concrt/Ag	$91.60	-1.07 -1.15%	$92.98	47,233 71.57% of 50 DAV 50 DAV is 66,000	$97.88 -6.42%	9/17/2024	$71.26	PP = $87.23
								MB = $91.59
Most Recent Note - 9/30/2024 5:18:18 PM G - Hit another new all-time high with today's gain backed by +22% above-average volume. Prior high in the $87 area defines 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	$79.52	-0.66 -0.82%	$80.52	180,067 28.31% of 50 DAV 50 DAV is 636,000	$81.38 -2.29%	6/11/2024	$59.76	PP = $64.33
								MB = $67.55
Most Recent Note - 10/1/2024 10:29:06 PM G - Posted a 3rd small gain today, hovering near its all-time high. Its 50 DMA line and prior low in the $70 area define important near-term support levels to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Hovering Near All-Time High - 10/1/2024 \| 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	$175.55	-2.68 -1.50%	$177.34	462,424 63.09% of 50 DAV 50 DAV is 733,000	$180.69 -2.84%	7/26/2024	$173.08	PP = $175.82
								MB = $184.61
Most Recent Note - 10/2/2024 5:27:32 PM Y - Managed a "positive reversal" today and closed near the session high with a gain backed by lighter volume. Recently noted rebound above the 50 DMA line ($168.71) 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	$100.75	-0.54 -0.53%	$102.26	2,340,061 87.54% of 50 DAV 50 DAV is 2,673,000	$102.13 -1.35%	7/30/2024	$93.95	PP = $85.52
								MB = $89.80
Most Recent Note - 9/30/2024 6:04:04 PM G - Volume was light today as it posted a gain for a best-ever close. Its 50 DMA ($93.41) line defines important near-term support above the recent low ($90.72). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Gain With Light Volume for Best-Ever Close - 9/30/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
MELI - NASDAQ MercadoLibre Retail-Internet	$1,958.71	-12.01 -0.61%	$1,970.01	201,024 61.85% of 50 DAV 50 DAV is 325,000	$2,161.73 -9.39%	8/5/2024	$1,793.73	PP = $1,792.15
								MB = $1,881.76
Most Recent Note - 10/3/2024 5:03:34 PM G - Ended lower today with lighter volume after a volume-driven loss on the prior session undercut its prior low ($1,966). It is testing its 50 DMA line ($1,960) which defines important near-term support. More damaging losses would raise concerns and trigger a technical sell signal. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Testing 50-Day Moving Average Line - 10/3/2024 \| 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
NGVC - NYSE Natural Grocers Retail-Super/Mini Mkts	$25.59	-0.92 -3.47%	$26.52	151,477 162.88% of 50 DAV 50 DAV is 93,000	$30.32 -15.60%	9/5/2024	$27.91	PP = $27.60
								MB = $28.98
Most Recent Note - 10/3/2024 5:06:21 PM G - Pulled back abruptly for a 3rd consecutive loss with above-average volume. Undercut its pivot point and violated its 50 DMA line ($26.22) raising concerns and triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve. >>> 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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