FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, JUNE 8TH, 2020

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Indices				NYSE			Nasdaq
DOW	+461.46	27,572.44	+1.70%	Volume	1,428,125,559	-3%	Volume	6,100,471,400	-7%
NASDAQ	+108.56	9,922.64	+1.11%	Advancers	2,388	81%	Advancers	2,470	74%
S&P 500	+38.46	3,232.39	+1.20%	Decliners	553	19%	Decliners	857	26%
Russell 2000	+29.74	1,536.89	+1.97%	52 Wk Highs	57		52 Wk Highs	127
S&P 600	+18.48	917.81	+2.05%	52 Wk Lows	4		52 Wk Lows	4

Major Indices Continue to Rally on Reopening Optimism
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 gained 1.2% to rebound back into positive territory for the year. The benchmark index has surged 44.5% since bottoming on March 23, now within 4.6% of its record level reached on February 19. The Nasdaq Composite climbed 1.1%, closing at a fresh all-time high, while the Dow added 461 points. Advancers led decliners by more than a 4-1 margin on the NYSE and by almost a 3-1 margin on the Nasdaq exchange. The reported volume totals were lighter than the prior session on the NYSE and 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 60 on the prior session. New 52-week highs totals solidly outnumbered new 52-week lows totals which were in the single digits on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria). Any sustainable rally requires a healthy crop of new leaders, so the recent improvement in new highs totals was noted as an encouraging sign.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index hit a new record high.

Stocks finished higher on Monday amid continued optimism surrounding economic reopenings. All 11 S&P 500 sectors advanced, with Energy and Utilities pacing gains. In earnings, Thor Industries (THO +11.14%) rose after posting a surprise profit during the latest quarter. In stock news, Boeing (BA +12.20%) rose following a positive analyst rating initiation. Meanwhile, travel-related stocks outperformed, with airlines and cruise line operators among the standouts.

In FOREX trading, a gauge of the U.S. dollar declined for the eighth-straight session, marking the longest stretch of losses since 2011. In commodities, WTI crude slipped 3.4% to $38.19/barrel amid disappointment that Saudi Arabia would not extend its additional production cuts beyond this month. Treasuries were mixed, with the yield on the 10-year note down one basis point to 0.87%. The yield curve flattened slightly after steepening the most since March last week. In the central bank space, the Federal Reserve’s policy meeting will likely garner attention on Wednesday.

This followed Friday’s session, during which a surprise jump in non-farm payrolls bolstered market expectations for a swift economic recovery. For the week, the S&P 500 advanced 4.9%, marking its third-straight weekly gain of more than 3% for the first time since 1982.

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.

Energy, Financial, Retail, Biotech, and Networking Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX +2.65%) and the Broker/Dealer Index ($XBD +1.76%) both posted solid gains again on Monday and the Retail Index ($RLX +1.15%) posted a smaller gain. The tech sector was led higher by the Biotech Index ($BTK +1.71%) and the Networking Index ($NWX +1.15%) while the Semiconductor Index ($SOX -0.26%) edged lower. Energy-linked groups were standout gainers as the Oil Services Index ($OSX +12.07%) outpaced the Integrated Oil Index ($XOI +4.07%), meanwhile, the Gold & Silver Index ($XAU +0.73%) also edged higher.

Chart courtesy of www.stockcharts.com

PICTURED: The Retail Index ($RLX +1.15%) posted a gain on Monday for a new record high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	46.27	+4.98	+12.06%	-40.90%
Integrated Oil	$XOI	955.58	+37.41	+4.07%	-24.79%
Semiconductor	$SOX	1,998.20	-5.56	-0.28%	+8.03%
Networking	$NWX	594.55	+6.78	+1.15%	+1.91%
Broker/Dealer	$XBD	295.74	+5.12	+1.76%	+1.85%
Retail	$RLX	2,907.88	+33.06	+1.15%	+18.72%
Gold & Silver	$XAU	115.71	+0.84	+0.73%	+8.22%
Bank	$BKX	89.68	+2.29	+2.62%	-20.89%
Biotech	$BTK	5,662.82	+95.02	+1.71%	+11.75%

Pullback Into Prior Base Negated Recent Breakout
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Neurocrine Biosciences (NBIX +$2.65 or +2.29% to $118.51) posted a gain today with below average volume. Its recent slump below the pivot point and back into the previously noted base raised concerns. Today's rebound was reassuring, but more damaging losses would not bode well.

NBIX was last shown in this FSU section on 5/19/20 with an annotated graph under the headline, "Biotech Firm Has New Parkinson's Treatment Drug Approved by FDA". It was highlighted in yellow with pivot point cited based on its 12/04/20 high plus 10 cents in the day's earlier mid-day report (read here). It reversed into the red and closed lower after early gains touched a new all-time highs (above the $126.98 in Sep '18). Technically, it broke out for a new 52-week high (N criteria) on the 5/18/20 with +101% above average volume behind a big gain after a gap up and its finished strong.

It reported earnings +545%, +200%, +163%, and +183% in the Jun, Sep, Dec '19 and Mar '20 quarters, well above the +25% minimum guideline (C criteria) versus the year ago periods, respectively. It showed greatly improved sales revenues up +89%, +46%, +86%, and +71% during that same span of quarterly comparisons. After years of losses it reported strong annual earnings (A criteria) results in FY '18 and '19.

There are 92.8 million shares outstanding (S criteria). The number of top-rated funds owning its shares rose from 651 in Jun '19 to 908 in Mar '20, a reassuring sign concerning the I criteria. Its current Up/Down Volume ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. It has an A Timeliness rating and a B Sponsorship Rating. It hails from the strong Medical - Biomed/Biotech industry which is currently rated 6th of the 197 industry groups listed in the newspaper (L criteria). In late April it received approval from the FDA for ONGENTYS, a new medication (N criteria) to help patients with Parkinson's disease better manage motor fluctuations.

Charts 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
FTNT - NASDAQ Fortinet Inc Computer Sftwr-Security	$137.51	-2.97 -2.11%	$139.23	1,485,705 74.36% of 50 DAV 50 DAV is 1,998,000	$149.69 -8.14%	5/7/2020	$134.40	PP = $121.92
								MB = $128.02
Most Recent Note - 6/5/2020 2:45:16 PM G - Managed a positive reversal today after early weakness. Consolidating near its all-time high wit volume totals cooling in recent weeks. Prior highs in the $121 area define initial support to watch above its 50 DMA line. >>> FEATURED STOCK ARTICLE : Extended From Prior Base and Holding Ground Stubbornly - 5/22/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
EBS - NYSE Emergent Biosolutions DRUGS - Biotechnology	$68.69	-18.22 -20.96%	$75.80	2,621,432 500.27% of 50 DAV 50 DAV is 524,000	$93.58 -26.60%	6/1/2020	$72.10	PP = $90.10
								MB = $94.61
Most Recent Note - 6/8/2020 11:40:49 AM G - Color code is changed to green after a gap down and damaging loss violating its 50 DMA line ($74.07) triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Volume Light Behind Recent Pullback From All-Time High - 5/26/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NBIX - NASDAQ Neurocrine Biosciences DRUGS - Biotechnology	$118.51	+2.65 2.29%	$118.63	751,663 88.72% of 50 DAV 50 DAV is 847,200	$128.29 -7.62%	5/19/2020	$123.71	PP = $119.75
								MB = $125.74
Most Recent Note - 6/5/2020 1:12:24 PM G - Color code is changed to green today after slumping below the pivot point and falling back into the previously noted base raising concerns. Recent quarterly comparisons through Mar '20 showed greatly improved sales revenues and earnings increases versus year ago periods (C criteria). After years of losses it reported solid annual earnings (A criteria) in FY '18 and '19. >>> FEATURED STOCK ARTICLE : Pullback Into Prior Base Negated Recent Breakout - 6/8/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TREX - NYSE Trex Company Inc MATERIALS and CONSTRUCTION - General Building Materials	$120.46	-4.49 -3.59%	$127.03	848,367 83.01% of 50 DAV 50 DAV is 1,022,000	$132.84 -9.32%	5/5/2020	$109.05	PP = $111.95
								MB = $117.55
Most Recent Note - 6/5/2020 2:39:05 PM G - Posting a big gain today following a pullback from oits all-time high. Recent gains above the pivot point lacked the great volume conviction. Prior highs in the $111 area define initial support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Bullish Action Continues for Top Wood Alternative Firm - 5/20/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NFLX - NASDAQ Netflix Inc SPECIALTY RETAIL - Music and Video Stores	$419.49	-0.11 -0.03%	$420.80	5,815,058 69.99% of 50 DAV 50 DAV is 8,308,000	$458.97 -8.60%	5/14/2020	$441.95	PP = $449.62
								MB = $472.10
Most Recent Note - 6/8/2020 3:51:25 PM Y - Managing to find prompt support near its 50 DMA line ($415.76), and more damaging losses would trigger a technical sell signal. A rebound and subsequent gains above the pivot point must be backed by at least +40% above average volume to trigger a proper new (or add-on) technical buy signal. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Pulling Back After Brief New Base Formation - 5/21/2020 \| 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
NOW - NYSE Servicenow Inc Computer Sftwr-Enterprse	$386.64	-3.82 -0.98%	$388.77	1,511,162 63.79% of 50 DAV 50 DAV is 2,369,000	$396.15 -2.40%	4/30/2020	$343.05	PP = $363.05
								MB = $381.20
Most Recent Note - 6/4/2020 5:49:40 PM Y - Color code is changed to yellow while pulling back below the "max buy" level. Recent gains above the pivot point were not backed by the +40% above average volume necessary to clinch a proper technical buy signal. Prior highs in the $362 area define initial support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Quiet Pullback Below "Max Buy" Level for NOW - 6/4/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
QLYS - NASDAQ Qualys Inc Computer Sftwr-Security	$108.01	-0.53 -0.49%	$108.15	579,311 106.69% of 50 DAV 50 DAV is 543,000	$119.20 -9.39%	4/9/2020	$100.44	PP = $97.22
								MB = $102.08
Most Recent Note - 6/5/2020 6:14:03 PM G - Suffered a damaging loss today with volume slightly above average as it undercut prior highs raising concerns. It has been noted as extended from the prior base. Its 50 DMA line ($103.83) defines the next important near-term support. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Qualys is Extended From Prior Base and Perched Near All-Time High - 5/29/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TEAM - NASDAQ Atlassian Corp Plc Cl A Comp Sftwr-Spec Enterprs	$175.20	+0.94 0.54%	$176.05	1,479,958 75.24% of 50 DAV 50 DAV is 1,967,000	$191.72 -8.62%	5/4/2020	$159.70	PP = $156.22
								MB = $164.03
Most Recent Note - 6/5/2020 6:15:31 PM G - Managed a positive reversal today after losses backed by above average volume. Its 50 DMA line ($160.55) defines important support above prior highs in the $156 area. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Positive Reversal Near Prior High and 50 DMA Line - 6/5/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TTD - NASDAQ The Trade Desk Inc Cl A Comml Svcs-Advertising	$358.31	+4.02 1.13%	$360.00	1,443,045 64.54% of 50 DAV 50 DAV is 2,236,000	$360.42 -0.59%	6/3/2020	$240.61	PP = $327.35
								MB = $343.72
Most Recent Note - 6/5/2020 2:41:24 PM G - Color code is changed to green after powering above its "max buy" level and hitting a new all-time high with today's big gain. Highlighted in yellow with new pivot point cited based on its 5/07/20 high in the 6/03/20 mid-day report. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Trade Desk Posts Powerful Gain for New High - 6/3/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PING - NYSE Ping Identity Hldg Corp Computer Sftwr-Security	$29.87	+0.40 1.36%	$30.95	980,358 84.88% of 50 DAV 50 DAV is 1,155,000	$31.50 -5.17%	6/1/2020	$29.24	PP = $29.90
								MB = $31.40
Most Recent Note - 6/4/2020 12:51:46 PM Y - From the early lows of today's session it has rebounded, yet it is still on pace for a big loss with above average volume. Its slump below prior highs in the $29 area raised concerns and likely triggered sell stops (at -7-8%) for disciplined investors who may have bought above the pivot point cited. Highlighted in yellow with pivot point cited based on its 2/20/20 high plus 10 cents in the 6/01/20 mid-day report (read here). >>> FEATURED STOCK ARTICLE : Strong Gain for New High Backed by 127% Above Average Volume - 6/1/2020 \| 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
AAXN - NASDAQ Axon Enterprise Inc Security/Sfty	$97.27	+4.48 4.83%	$98.58	1,252,815 133.00% of 50 DAV 50 DAV is 942,000	$99.62 -2.36%	5/8/2020	$84.86	PP = $90.20
								MB = $94.71
Most Recent Note - 6/8/2020 3:47:44 PM G - Color code is changed to green after rising back above its "max buy" level. Prior highs in the $90-91 area acted as support following the powerful breakout last week.. >>> FEATURED STOCK ARTICLE : Quietly Slumping Near 50-Day Moving Average Line - 5/28/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
GDDY - NYSE Godaddy Inc Cl A Computer Sftwr-Enterprse	$80.86	+2.27 2.89%	$81.29	1,119,543 60.84% of 50 DAV 50 DAV is 1,840,000	$82.47 -1.95%	6/2/2020	$79.62	PP = $82.40
								MB = $86.52
Most Recent Note - 6/8/2020 3:49:40 PM Y - Posting a gain today with light volume. Hovering near its 52-week high. It was highlighted in yellow with pivot point cited based on its 5/01/19 high plus 10 cents in the 6/02/20 mid-day report. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal. Rebounded impressively after a deep pullback. Approaching multi-year highs where it previously met stubborn resistance in the $82-84 area. The past 3 quarterly earnings comparisons through Mar '20 versus the year ago periods were above the +25% minimum guideline (C criteria). After years of losses, since FY 17 its annual earnings growth (A criteria) has been strong. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Godaddy Could Be Ready to Go for New Highs - 6/2/2020 \| 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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