FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, NOVEMBER 6TH, 2023

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Indices				NYSE			Nasdaq
DOW	+34.54	34,095.86	+0.10%	Volume	900,893,289	-13%	Volume	4,398,880,700	-11%
NASDAQ	+40.50	13,518.78	+0.30%	Advancers	795	28%	Advancers	1,555	36%
S&P 500	+7.64	4,365.98	+0.18%	Decliners	2,027	72%	Decliners	2,759	64%
Russell 2000	-22.77	1,737.94	-1.29%	52 Wk Highs	34		52 Wk Highs	46
S&P 600	-12.02	1,136.38	-1.05%	52 Wk Lows	23		52 Wk Lows	112

TODAY'S SPECIAL NOTICE

Solid gains with higher volume last week marked a follow-through day and signaled a new confirmed uptrend for the market (M criteria).

Major Indices Rose Slightly Despite Negative Breadth
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The market-cap weighted S&P 500 closed with a 0.2% gain and other major indices inched higher, meanwhile the small cap indexes edged lower. The volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 10-4 margin on the NYSE and by almost a 2-1 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, versus the total of 42 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE but new lows still solidly outnumbered new highs on the Nasdaq exchange. The 3 major indices posted solid gains on Thursday with higher volume and an expansion in new highs totals marking another follow-through day. Gains have signaled a new confirmed uptrend for the market (M criteria). New buying efforts should be only made in stocks fitting all key criteria of the fact-based investment system.

Chart courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index posted a 7th consecutive gain rising above its 50-day moving average (DMA) line from below its 200 DMA line.

Paramount Global (PARA -7.8%) was downgraded by an anlyst at BofA Securities. Albemarle (ALB -6.7%) was downgraded by an analyst at UBS.

The S&P 500 real estate sector (-1.4%), which jumped 8.6% last week, saw the steepest decline followed by energy (-1.2%) and materials (-0.5%). The heavily-weighted information technology sector (+0.8%) led the pack followed by health care (+0.7%) and consumer discretionary (+0.2%).

The 2-yr note yield rose eight basis points to 4.94% and the 10-yr note yield rose ten basis points to 4.66%. The Treasury market will new supply this week including a $48 billion 3-yr note auction on Tuesday, followed by a $40 billion 10-yr note auction on Wednesday, and a $24 billion 30-yr bond auction on Thursday.

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.

Retail Index Rose Amid Widespread Group Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -0.86%) and the Broker/Dealer Index ($XBD -0.29%) both lost ground while the Retail Index ($RLX +0.42%) finished modestly higher. The tech sector had a negative bias as the Biotech Index ($BTK -0.47%), Semiconductor Index ($SOX -0.28%), and the Networking Index ($NWX -0.87%) each lost ground. Commodity-linked groups also had a negative bias as the Gold & Silver Index ($XAU -1.03%), Oil Services Index ($OSX -1.83%) and the Integrated Oil Index ($XOI -0.77%) lost ground.

Chart courtesy of www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD -0.29%) paused after a streak of 5 consecutive gain helped it rebound to challlenge its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	87.45	-1.63	-1.83%	+4.28%
Integrated Oil	$XOI	1,871.23	-14.61	-0.77%	+4.70%
Semiconductor	$SOX	3,444.89	-9.67	-0.28%	+36.05%
Networking	$NWX	684.88	-5.98	-0.87%	-12.57%
Broker/Dealer	$XBD	481.99	-1.38	-0.29%	+7.32%
Retail	$RLX	3,531.96	+14.63	+0.42%	+28.25%
Gold & Silver	$XAU	115.05	-1.20	-1.03%	-4.81%
Bank	$BKX	78.98	-0.68	-0.86%	-21.68%
Biotech	$BTK	4,776.92	-22.67	-0.47%	-9.55%

Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

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
PLUS - NASDAQ ePlus Computer-Tech Services	$64.39	-0.62 -0.95%	$64.81	93,651 87.52% of 50 DAV 50 DAV is 107,000	$75.90 -15.16%	8/8/2023	$67.60	PP = $62.92
								MB = $66.07
Most Recent Note - 11/3/2023 4:47:26 PM Y - Color code is changed to yellow after rebounding above its 50 DMA line ($64.24) with today's 5th consecutive gain helping its outlook to improve. >>> FEATURED STOCK ARTICLE : Orderly Consolidation Continues for ePlus - 9/28/2023 \| 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	$212.81	+0.32 0.15%	$216.29	1,947,808 91.15% of 50 DAV 50 DAV is 2,137,000	$216.29 -1.61%	10/31/2023	$188.84	PP = $198.80
								MB = $208.74
Most Recent Note - 11/3/2023 4:43:52 PM G - Color code is changed to green after rising above its "max buy" level with today's 4th consecutive gain. Bullish action came after it reported Sep '23 quarterly earnings +46% on +28% sales revenues versus the year-ago period. Prior highs in the $198 area define near-term support above its 50 DMA line ($189.39). >>> FEATURED STOCK ARTICLE : Powerful Gain Following Earnings Report for Arista Networks - 10/31/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NVO - NYSE Novo Nordisk ADR Medical-Ethical Drugs	$101.08	+2.91 2.96%	$101.50	3,710,151 80.76% of 50 DAV 50 DAV is 4,594,000	$104.00 -2.81%	11/2/2023	$100.97	PP = $104.10
								MB = $109.31
Most Recent Note - 11/3/2023 4:45:53 PM Y - Gapped down today for a loss with lighter volume. Subsequent gains for new highs backed by at least +40% above average volume are needed to trigger a technical buy signal. This Denmark-based Medical - Ethical Drugs firm found support after briefly undercutting its 50 DMA line in recent weeks. Shares split 2-1 on 9/20/23. Reported Sep '23 quarterly earnings +69% on +39% sales revenues versus the year-ago period, its 3rd strong quarter, well above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been slow and steady. >>> FEATURED STOCK ARTICLE : Approaching Prior High With Strong Fundamentals - 11/2/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
QLYS - NASDAQ Qualys Computer Sftwr-Security	$170.46	+0.46 0.27%	$170.53	505,715 152.32% of 50 DAV 50 DAV is 332,000	$171.77 -0.76%	11/3/2023	$167.50	PP = $165.03
								MB = $173.28
Most Recent Note - 11/3/2023 4:49:09 PM Y - Finished strong after highlighted in yellow in the earlier mid-day report with pivot point cited based on its 10/11/23 high after a cup-with-handle base. Today's gap up and considerable gain hit new 52-week and all-time highs triggering a technical buy signal. Reported Sep '23 quarterly earnings +61% on +13% sales revenues versus the year ago period, its 2nd strong quarterly comparison well above the +25% minimum earnings guideline (C criteria). Made choppy progress and fundamentals remained reasonably strong since dropped from the Featured Stocks list on 6/15/20. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Powerful Breakout for Qualys - 11/3/2023 \| 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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