FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, December 14th, 2023

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AFTER MARKET UPDATE - THURSDAY, DECEMBER 14TH, 2023

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Indices				NYSE			Nasdaq
DOW	+158.11	37,248.35	+0.43%	Volume	1,508,025,841	+16%	Volume	8,078,532,400	+19%
NASDAQ	+27.59	14,761.56	+0.19%	Advancers	2,247	79%	Advancers	3,038	70%
S&P 500	+12.46	4,719.55	+0.26%	Decliners	583	21%	Decliners	1,322	30%
Russell 2000	+53.01	2,000.51	+2.72%	52 Wk Highs	368		52 Wk Highs	475
S&P 600	+36.84	1,302.22	+2.91%	52 Wk Lows	10		52 Wk Lows	86

Small Caps Led Major Indices Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Russell 2000 rallied +2.7% while the Nasdaq Composite (+0.2%), S&P 500 (+0.3%), and Dow Jones Industrial Average (+0.4%) each posted smaller gains. Volume was reported higher than the prior session totals on the NYSE and on the Nasdaq exchange, action indicative of a solid institutional buying demand. Breadth was clearly positive as advancers led decliners by almost a 4-1 margin on the NYSE and by more than a 2-1 margin on the Nasdaq exchange. There were 123 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 159 on the prior session. New 52-week highs totals expanded and outnumbered shrinking new 52-week lows totals on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (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 S&P 500 Index posted a 6th consecutiev gain and is now perched only -2% off its all-time high.

The energy sector (+2.9%) saw the largest gain, rising with higher oil prices ($71.61/bbl, +2.14, +3.1%). The real estate sector (+2.6%) was the next best performer. The consumer staples (-1.5%) and utilities (-1.3%) sectors saw the biggest declines.

TopBuild (BLD +12.26%), Installed Bldg Products (IBP +9.28%), United Rentals (URI +7.41%), and Hovnanian Enterprises (HOV +8.48%) were some of the session's biggest gainers on the Leaders List. Meanwhile, FTI Consulting (FTI -11..05%), Gallagher (AJG -10.61%), Adobe (ADBE -7.72%), and ServiceNow (NOW -5.59%) were among the biggest decliners on that list of high-ranked stocks.

The U.S. Dollar Index was down 0.9% to 101.97 from a high of 104.03 yesterday. The rally continued for the Treasury market. The 2-yr note yield fell six basis points to 4.40% and the 10-yr note yield declined nine basis points to 3.93%.

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, Tech, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +5.08%) posted another big gain outpacing the Broker/Dealer Index ($XBD +2.74%), meanwhile the Retail Index ($RLX -0.04%) finished flat. The tech sector had a positive bias as the Biotech Index ($BTK +1.21%), Semiconductor Index ($SOX +2.67%), and Networking Index ($NWX +2.04%) posted unanimous gains. Commodity-linked groups also rallied as the Gold & Silver Index ($XAU +2.65%), Integrated Oil Index ($XOI +2.91%), and the Oil Services Index ($OSX +4.41%) each notched solid gains.

Chart courtesy of www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +2.74%) rallied to a new all-time high with a 12th consecutive gain.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	83.13	+3.51	+4.41%	-0.87%
Integrated Oil	$XOI	1,856.38	+52.56	+2.91%	+3.87%
Semiconductor	$SOX	4,097.47	+106.52	+2.67%	+61.82%
Networking	$NWX	822.05	+16.42	+2.04%	+4.95%
Broker/Dealer	$XBD	543.30	+14.51	+2.74%	+20.97%
Retail	$RLX	3,822.63	-1.47	-0.04%	+38.80%
Gold & Silver	$XAU	124.25	+3.21	+2.65%	+2.81%
Bank	$BKX	96.60	+4.67	+5.08%	-4.22%
Biotech	$BTK	5,328.34	+63.71	+1.21%	+0.89%

Volume-Driven Loss Breaks Streak of 6 Straight Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Transdigm Group Inc's (TDG -$24.36 or -2.41% to $987.00) suffered a loss with above average volume today breaking a streak of 6 consecutive gains after wedging to a new all-time high. A new pivot point was recently cited based on its 11/14/23 high plus 10 cents, however, the subsequent gains above the pivot point were not backed by the +40% above average volume necessary to trigger a proper new technical buy signal. Disciplined investors may watch for confirming gains to new highs as a sign of fresh institutional buying demand. Recent lows in the $950 area define near-term support to watch.

TDG was highlighted in yellow in the 11/09/23 mid-day report (read here) with pivot point cited based on its 8/08/23 high plus 10 cents. It was shown that evening in greater detail with an annotated graph under the headline, "TransDigm's Big Gap Up Gain Triggered Technical Buy Signal".

Fundamentals remain strong. It reported Sep '23 quarterly earnings +46% on +23% sales revenues versus the year-ago period, its 10th consecutive comparison above the +25% minimum earnings guideline (C criteria). Growth has been very strong after a downturn in FY '20 and '21 (A criteria) hurt its earnings track record. It has an 88 Earnings Per Share Rating.

The number of top-rated funds owning its shares rose from 1,332 in Dec '22 to 1,506 in Sep '23, a reassuring trend concerning the I criteria. Its small supply of 53.1 million shares (S criteria) in the public float can contribute to greater price volatility in the event of institutional buying or selling. It has a Timeliness Rating of A and an Accumulation/Distribution rating of B.

Charts used 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
ANET - NYSE Arista Networks Computer-Networking	$231.03	+1.48 0.64%	$234.40	2,266,643 103.78% of 50 DAV 50 DAV is 2,184,000	$234.40 -1.44%	10/31/2023	$188.84	PP = $198.80
								MB = $208.74
Most Recent Note - 12/13/2023 5:49:05 PM G - Holding its ground perched at its all-time high, extended from any sound base. Its 50 DMA line ($205) defines near-term support above prior highs in the $198 area. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Made Gradual Progress Since Latest Breakout - 12/6/2023 \| 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	$98.01	-0.89 -0.90%	$98.73	5,395,926 114.61% of 50 DAV 50 DAV is 4,708,000	$105.69 -7.27%	11/2/2023	$100.97	PP = $104.10
								MB = $109.31
Most Recent Note - 12/13/2023 5:46:21 PM Y - Color code is changed to yellow after it rebounded and closed the session just above the 50 DMA line ($98.72) helping its outlook to improve. >>> FEATURED STOCK ARTICLE : Managed a "Positive Reversal" but Still Below 50-Day Moving Average - 12/11/2023 \| 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	$195.61	+2.03 1.05%	$195.97	491,734 133.99% of 50 DAV 50 DAV is 367,000	$195.97 -0.18%	11/3/2023	$167.50	PP = $165.03
								MB = $173.28
Most Recent Note - 12/12/2023 6:32:26 PM G - Volume was light behind today's 5th consecutive gain hitting another new all-time high, extended from any sound base. Its 50 DMA line ($169.22) defines initial support to watch on pullbacks above the prior high ($165). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Extended From Base Following Big Breakout - 12/12/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AXON - NASDAQ Axon Enterprise Security/Sfty	$253.11	+5.05 2.04%	$253.73	675,718 151.85% of 50 DAV 50 DAV is 445,000	$251.42 0.67%	11/8/2023	$127.84	PP = $223.30
								MB = $234.47
Most Recent Note - 12/13/2023 5:39:30 PM G - Hit a new all-time high with today's 6th consecutive gain backed by light volume. On pullbacks, the prior highs in the $229-231 area define near-term support to watch above its 50-day moving average (DMA) line ($219.71). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Axon Enterprise Hits New High With 6th Straight Gain - 12/13/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TDG - NYSE TransDigm Group Aerospace/Defense	$987.00	-24.36 -2.41%	$1,014.03	328,710 138.11% of 50 DAV 50 DAV is 238,000	$1,015.72 -2.83%	12/12/2023	$1,000.39	PP = $1,013.18
								MB = $1,063.84
Most Recent Note - 12/14/2023 5:54:55 PM Y - Suffered a loss today with above-average volume undercutting prior highs and breaking a streak of 6 consecutive gains backed by lackluster volume. The new pivot point cited was based on its 11/14/23 high plus 10 cents, however, gains above the pivot point were not backed by the +40% above-average volume necessary to trigger a proper new technical buy signal. Fundamentals remain strong. Recent lows in the $950 area define near-term support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Volume-Driven Loss Breaks Streak of 6 Straight Gains - 12/14/2023 \| 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
PANW - NASDAQ Palo Alto Networks Computer Sftwr-Security	$300.44	-13.42 -4.28%	$318.00	6,659,268 157.06% of 50 DAV 50 DAV is 4,240,000	$318.00 -5.52%	11/13/2023	$255.90	PP = $266.00
								MB = $279.30
Most Recent Note - 12/14/2023 6:01:19 PM G - Pulled back today with +60% above average volume breaking a streak of 5 consecutive gains to new all-time highs. Prior highs in the $265 area define initial support to watch above its 50 DMA line ($262.62). Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Earnings New Due While Perched Near Prior High - 11/13/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
URI - NYSE United Rentals Comml Svcs-Leasing	$569.43	+39.27 7.41%	$571.08	1,408,804 186.10% of 50 DAV 50 DAV is 757,000	$568.63 0.14%	12/1/2023	$499.51	PP = $488.73
								MB = $513.17
Most Recent Note - 12/14/2023 6:05:19 PM G - Volume was heavier behind today's 7th consecutive gain while hitting another new all-time high. Prior highs in the $492 area define near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : New Breakout For United Rentals - 12/1/2023 \| 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	$58.16	-3.57 -5.78%	$62.72	799,898 201.49% of 50 DAV 50 DAV is 397,000	$67.66 -14.04%	12/4/2023	$60.84	PP = $58.35
								MB = $61.27
Most Recent Note - 12/14/2023 5:56:57 PM Y - Suffered a big loss today with twice its average volume raising concerns while slumping back below the pivot point cited based on its 11/21/23 high after a cup-with-handle base. Little resistance remains due to overhead supply. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Amphastar Pharm on Track for 7th Weekly Gain - 12/4/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TBBK - NASDAQ The Bancorp Banks-Northeast	$41.51	+1.26 3.13%	$42.27	533,539 134.73% of 50 DAV 50 DAV is 396,000	$42.27 -1.80%	12/4/2023	$39.88	PP = $41.62
								MB = $43.70
Most Recent Note - 12/14/2023 6:03:30 PM Y - Posted a 3rd consecutive gain today with +34% above average volume, hitting a new 52-week high but finishing near the middle of its intra-day range and below its pivot point. Subsequent gains and a strong close above the pivot point backed by at least +40% above average volume may trigger a proper technical buy signal. >>> FEATURED STOCK ARTICLE : The Bancorp is Perched Near High with Strong Fundamentals - 12/5/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LULU - NASDAQ lululemon athletica Retail-Apparel/Shoes/Acc	$489.30	-15.20 -3.01%	$505.63	2,623,934 110.62% of 50 DAV 50 DAV is 2,372,000	$508.43 -3.76%	12/8/2023	$490.61	PP = $485.93
								MB = $510.23
Most Recent Note - 12/14/2023 5:59:52 PM Y - Pulled back today with higher (near average) volume after 6 consecutive gains, retreating from its all-time high. Its 2021 high of $485 defines initial support to watch after its recent breakout from a 2+ year base. >>> FEATURED STOCK ARTICLE : Lululemon Breaks Out to New All-Time High - 12/8/2023 \| 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

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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