FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - TUESDAY, APRIL 16TH, 2024

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Indices				NYSE			Nasdaq
DOW	+63.86	37,798.97	+0.17%	Volume	943,795,607	+2%	Volume	5,001,587,300	+1%
NASDAQ	-19.77	15,865.25	-0.12%	Advancers	998	36%	Advancers	1,427	33%
S&P 500	-10.41	5,051.41	-0.21%	Decliners	1,803	64%	Decliners	2,834	66%
Russell 2000	-8.23	1,967.48	-0.42%	52 Wk Highs	9		52 Wk Highs	29
S&P 600	-7.25	1,251.44	-0.58%	52 Wk Lows	118		52 Wk Lows	365

TODAY'S SPECIAL NOTICE

Continued distributional action recently was noted as it signaled a shift in (M criteria) conditions from an "uptrend under pressure" to a market "correction". Use greater caution, raise cash and reduce exposure by selling any weakening stocks on a case-by-case basis.

Negative Bias as Major Indices Sputter
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 Index settled -0.2% lower and the Nasdaq Composite fell -0.1%. The Dow Jones Industrial Average eked out a +0.2% gain thanks to strength in its heaviest component, UnitedHealth (UNH +5.22%), which rallied after its earnings report. Volume reported was higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was clearly negative as decliners led advancers by almost a 2-1 margin on the NYSE and on the Nasdaq exchange. Leadership waned as only a few high-ranked companies from the Leaders List hit new 52-week highs and were listed on the BreakOuts Page. New 52-week lows totals again expanded and outnumbered shrinking new 52-week highs on the NYSE and on the Nasdaq exchange. The major indices have shown distributional action indicative of a market correction (M criteria). Greater caution is important for all investors. Always stand ready to protect against losses.

Chart courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index is falling below its 50-day moving average (DMA) line with 3 consecutive losses.

Commentary from Fed Chair Powell concerning recent rate cut recalibrations suggested that restrictive policy needs more time to work. Recent data has not shown progress on the inflation front. Meanwhile there was a report of eaker-than-expected Housing Starts and Building Permits for March. The 2-yr note yield rose two basis points to 4.96% and the 10-yr note yield settled three basis points higher at 4.66%.

Negative responses to earnings news from Bank of America (BAC -3.5%) contributed to the overall downside bias.

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 Commodity-Linked Groups Lost Ground
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX -1.63%) and Broker/Dealer Index ($XBD -0.50%) both outpaced the Retail Index ($RLX -0.23%) to the downside. The tech sector was mixed as the Semiconductor Index ($SOX +0.89%) rose and the Networking Index ($NWX +0.01%) was unchanged and the Biotech Index ($BTK -0.10%) inched lower. The Gold & Silver Index ($XAU -1.31%), Integrated Oil Index ($XOI -0.88%), and the Oil Services Index ($OSX -1.31%) rounded out the mostly negative session with losses.

Chart courtesy of www.stockcharts.com

PICTURED: The Oil Services Index ($OSX -1.31%) is slumping toward its 200-day moving average (DMA) line with 4 consecutive losses.

Industry Index	Symbol	Close	Change	% Change	YTD % Change

Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
A technical problem with one of our service providers prevented us from including fresh data on our Featured Stocks and Leaders List stocks today. Please accept our apologies for any inconvenience this may have caused. We expect to return to normal operation for Wednesday's session.

Market conditions (M criteria) have been noted in the daily commentaries, and with Special Notices added since Wednesday, April 10th, that the market is in a correction. Use caution to prevent a damaging drawdown by selling any weakening stocks on a case-by-case basis.

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	$271.22	-25.36 -8.55%	$296.58	5,734,165 212.46% of 50 DAV 50 DAV is 2,699,000	$307.74 -11.87%	3/18/2024	$188.84	PP = $292.76
								MB = $307.40
Most Recent Note - 4/12/2024 11:56:44 AM G - Slumping further after a damaging gap down today violating its 50 DMA line ($281.55) and an upward trendline connecting its October-March lows triggering technical sell signals. Color code was changed to green. A rebound above the 50 DMA line is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Consolidating Abover Recent Highs and Above 50-Day Average - 3/26/2024 \| 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	$124.51	-0.89 -0.71%	$127.06	3,210,320 60.01% of 50 DAV 50 DAV is 5,350,000	$138.28 -9.96%	3/1/2024	$124.23	PP = $124.97
								MB = $131.22
Most Recent Note - 4/12/2024 10:32:29 AM Y - Finding support at its 50 DMA line ($125.51) this week while volume totals have been cooling. More damaging losses below the recent low ($123.24 on 4/10/24) would raise concerns and trigger a technical sell signal. >>> FEATURED STOCK ARTICLE : Volume Cools While Consolidating Above 50-Day Moving Average Line - 4/3/2024 \| 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	$310.88	-13.21 -4.08%	$323.50	547,968 107.44% of 50 DAV 50 DAV is 510,000	$329.87 -5.76%	4/5/2024	$309.90	PP = $325.73
								MB = $342.02
Most Recent Note - 4/12/2024 10:35:33 AM Y - Pausing today after touching a new high on the prior session with a 5th consecutive gain marked by ever-increasing volume. Color code was changed to yellow with new pivot point cited based on its 3/04/24 high plus 10 cents. A gain above the pivot point backed by at least +40% above average volume is needed to trigger a proper technical buy signal. Its 50-day moving average (DMA) line ($296) defines near-term support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Building a New Base - 4/8/2024 \| 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	$1,220.38	-14.55 -1.18%	$1,231.86	185,692 87.18% of 50 DAV 50 DAV is 213,000	$1,246.22 -2.07%	4/12/2024	$1,224.21	PP = $1,246.32
								MB = $1,308.64
Most Recent Note - 4/12/2024 10:41:16 AM Y - Color code is changed to yellow after holding its ground in a tight range near its all-time high. New pivot point is cited based on its 4/04/24 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper new technical buy signal. Its 50 DMA line ($1,182) defines near-term support to watch. >>> FEATURED STOCK ARTICLE : Volume Totals Cooling While Perched Near High - 4/9/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CRWD - NASDAQ CrowdStrike Holdings Computer Sftwr-Security	$309.06	-8.74 -2.75%	$314.87	2,169,144 56.53% of 50 DAV 50 DAV is 3,837,000	$365.00 -15.33%	1/2/2024	$246.42	PP = $261.91
								MB = $275.01
Most Recent Note - 4/12/2024 10:28:12 AM G - Still lingering below its 50 DMA ($39) with volume totals cooling. A rebound above the 50 DMA line is needed for its outlook to improve. It has not formed a sound base. Fundamentals remain strong after it reported Jan '24 quarterly earnings +102% on +33% sales revenues versus the year-ago period. >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Line Support Being Tested - 4/1/2024 \| 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
PCAR - NASDAQ Paccar Trucks and Parts-Hvy Duty	$118.16	-0.72 -0.61%	$118.90	1,975,978 90.27% of 50 DAV 50 DAV is 2,189,000	$125.50 -5.85%	1/23/2024	$100.35	PP = $98.57
								MB = $103.50
Most Recent Note - 4/12/2024 5:44:01 PM G - Quietly pulled back from its all-time high after getting very extended from any sound base. Its 50 DMA line ($114.41) defines near-term support to watch. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Pulling Back From High and Slumping Toward 50-Day Moving Average - 4/12/2024 \| 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	$401.74	-4.49 -1.11%	$406.09	405,897 95.96% of 50 DAV 50 DAV is 423,000	$429.61 -6.49%	1/30/2024	$343.26	PP = $336.83
								MB = $353.67
Most Recent Note - 4/12/2024 10:30:00 AM G - Pulling back today for a 5th consecutive loss, slumping after a noted "negative reversal" at its all-time high on 4/04/24. It is very extended from the previously noted base. Its 50 DMA line ($386.41) defines important support to watch. >>> FEATURED STOCK ARTICLE : Hubbell Perched at All-Time High After 5 Weekly Gains - 3/22/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
USLM - NASDAQ U.S. Lime & Minerals Bldg-Cement/Concrt/Ag	$293.87	+0.12 0.04%	$298.05	34,382 143.26% of 50 DAV 50 DAV is 24,000	$308.00 -4.59%	2/9/2024	$254.68	PP = $265.09
								MB = $278.34
Most Recent Note - 4/12/2024 12:10:06 PM G - Still hovering in a tight range in recent weeks near its all-time high, stubbornly holding its ground despite encountering some distributional pressure. Its 50 DMA line ($276.58) defines near-term support to watch. >>> FEATURED STOCK ARTICLE : Gain With Light Volume for Best Ever Close - 4/5/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NOW - NYSE ServiceNow Computer Sftwr-Enterprse	$768.71	-2.63 -0.34%	$774.96	959,446 84.16% of 50 DAV 50 DAV is 1,140,000	$815.32 -5.72%	2/22/2024	$771.75	PP = $815.32
								MB = $856.09
Most Recent Note - 4/11/2024 5:12:47 PM Y - Posted a small gain today with below-average (lighter) volume, finding support near its 50 DMA line ($771). Prior lows in the $730 area define the next important near-term support to watch. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Quietly Consolidating Near 50-Day Moving Average Line - 4/11/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SNPS - NASDAQ Synopsys Computer Sftwr-Design	$557.35	-4.62 -0.82%	$560.52	810,643 75.90% of 50 DAV 50 DAV is 1,068,000	$629.38 -11.44%	2/22/2024	$600.65	PP = $582.85
								MB = $611.99
Most Recent Note - 4/12/2024 5:45:54 PM G - Volume totals have been below average as it slumped below its 50 DMA line ($569) raising concerns. The prior low ($546.91 on 3/15/23) defines the next important support where a damaging loss would raise serious concerns and trigger a more worrisome technical sell signal. >>> FEATURED STOCK ARTICLE : Quietly Slumped Below 50-Day Moving Average Line - 4/10/2024 \| 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
PAY - NYSE Paymentus Holdings Finance-CrdtCard/PmtPr	$20.12	-0.62 -2.99%	$20.68	245,034 64.82% of 50 DAV 50 DAV is 378,000	$25.21 -20.19%	3/5/2024	$19.97	PP = $18.89
								MB = $19.83
Most Recent Note - 4/12/2024 5:47:40 PM G - Pulled back today for a 3rd consecutive loss with below-average volume, slumping near its "max buy" level. Its 50 DMA line ($19.19) defines important near-term support above prior highs in the $18 range. >>> FEATURED STOCK ARTICLE : Consolidating After Powerful Breakout and Volume-Driven Gains - 3/27/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HUBS - NYSE HubSpot Comp Sftwr-Spec Enterprs	$663.35	-18.67 -2.74%	$679.30	469,695 89.47% of 50 DAV 50 DAV is 525,000	$693.85 -4.40%	4/4/2024	$686.66	PP = $660.10
								MB = $693.11
Most Recent Note - 4/12/2024 5:48:54 PM Y - Pulled back today with below-average volume. Highlighted yellow in the 4/04/24 mid-day report with pivot point cited based on its 2/09/24 high plus 10 cents. Initial support is at its prior highs and its 50 DMA line ($623). Reported Dec '23 quarterly earnings +59% on +24% sales revenues versus the year-ago period, its 6th consecutive quarterly comparison well above the +25% minimum guideline (C criteria). Annual earnings history (A criteria) has been strong. Faces some resistance due to old overhead supply up to the $866 level. >>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure and Finished Below Pivot Point - 4/4/2024 \| 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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