FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - WEDNESDAY, JUNE 10TH, 2020

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Indices				NYSE			Nasdaq
DOW	-282.31	26,989.99	-1.04%	Volume	1,188,406,627	+3%	Volume	5,113,883,500	-2%
NASDAQ	+71.47	10,025.22	+0.72%	Advancers	790	27%	Advancers	1,206	36%
S&P 500	-17.04	3,190.14	-0.53%	Decliners	2,103	73%	Decliners	2,145	64%
Russell 2000	-39.66	1,467.39	-2.63%	52 Wk Highs	40		52 Wk Highs	142
S&P 600	-31.68	863.09	-3.54%	52 Wk Lows	1		52 Wk Lows	5

Tech-Heavy Nasdaq Composite Index Closes Above 10,000
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow fell 282 points, while the S&P 500 slipped 0.5%. The Nasdaq Composite bucked the downtrend, rising 0.7% to close above the 10,000 level for the first time. Decliners led advancers by almost a 3-1 margin on the NYSE and by a 5-3 margin on the Nasdaq exchange. The reported volume totals were mixed, higher than the prior session on the NYSE and lighter on the Nasdaq exchange. There were 32 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the 17 on the prior session. New 52-week highs totals expanded and solidly outnumbered new 52-week lows totals which were in the single digits again 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 S&P 500 Index is now -6% off its record high.

U.S. stocks finished mixed on Wednesday following the Federal Reserve’s policy decision. As expected, the Fed left its benchmark interest rate unchanged, while officials released their first economic forecasts since December. The “dot plot” showed policymakers expecting the Fed-funds rate to remain near zero until at least 2022. Fed Chair Jerome Powell reiterated that the central bank would use its full range of tools to help aid in the economic recovery. Treasuries rallied, with the yield on the 10-year note down 10 basis points to 0.72%. A gauge of the U.S. dollar slumped 0.4%.

Ten of 11 S&P 500 sectors closed negative territory, with Tech shares the lone advancers. Microsoft (MSFT +3.71%) and Apple (AAPL +2.57%) both notched fresh all-time highs. In corporate news, Amazon (AMZN +1.79%) also hit a new record level after announcing plans to offer a new digital credit line for U.S.-based small businesses, in partnership with Goldman Sachs (GS -2.10%) .

On the data front, consumer prices declined for a third-consecutive month in May, while the annualized figure rose 0.1%, the smallest increase since September 2015. Core CPI (ex-food and energy) advanced 1.2% year-over-year, slowing from the prior month’s 1.4% pace. Separately, the U.S. budget deficit almost doubled on a year-over-year basis to $399 billion in May. In commodities, WTI crude erased earlier losses to finish higher despite reports revealing a surprise buildups in U.S. inventories.

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.

Gold & Silver, Retail, and Semiconductor Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX -6.03%) outpaced the Broker/Dealer Index ($XBD -3.65%) to the downside while the Retail Index ($RLX +0.43%) posted a modest gain. The tech sector was mixed as the Biotech Index ($BTK +0.70%) and Semiconductor Index ($SOX +0.33%) finished modestly higher while the Networking Index ($NWX -1.19%) fell. Energy-linked groups were standout decliners as the Oil Services Index ($OSX -7.41%) and the Integrated Oil Index ($XOI -4.35%) fell, meanwhile, the Gold & Silver Index ($XAU +4.59%) was a standout gainer.

Chart courtesy of www.stockcharts.com

PICTURED: The Bank Index ($BKX -6.03%) recently met resistance near its 200-day moving average (DMA) line while rebounding from the March low.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	39.68	-3.18	-7.42%	-49.32%
Integrated Oil	$XOI	876.70	-39.91	-4.35%	-31.00%
Semiconductor	$SOX	2,004.66	+6.57	+0.33%	+8.38%
Networking	$NWX	578.49	-6.95	-1.19%	-0.84%
Broker/Dealer	$XBD	283.69	-10.74	-3.65%	-2.30%
Retail	$RLX	2,953.61	+12.52	+0.43%	+20.59%
Gold & Silver	$XAU	122.42	+5.38	+4.60%	+14.50%
Bank	$BKX	82.38	-5.28	-6.02%	-27.33%
Biotech	$BTK	5,663.18	+39.29	+0.70%	+11.76%

Advanced Ascending Base Formed for Strong E-Signature Firm
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Docusign Inc (DOCU +$6.13 or +4.32% to $148.05) was highlighted in yellow in the earlier mid-day report (read here) with pivot point cited based on its 5/02/20 high plus 10 cents after forming an advanced "ascending base" marked by 3 pullbacks of 10-20% during its ongoing ascent. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal.

It has an Earnings Per Share Rating of 84, above the 80+ minimum for buy candidates. Recently it reported earnings +71% on +39% sales revenues for the Apr '20 quarter versus the year ago period. Three of the past 4 quarterly comparisons versus the year ago period were above the +25% minimum guideline with solid underlying sales revenues growth. After years of losses it had solid earnings in FY '19 and '20.

The number of top-rated funds owning its shares rose from 558 on Jun '19 to 880 in Mar '20, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.6 also is an unbiased indication its shares have been under accumulation over the past 50 days. The Computer Software-Enterprise industry group is currently ranked 2nd of the 197 Industry Groups (L criteria).

Chart 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	$137.64	+1.72 1.27%	$139.99	1,138,232 58.64% of 50 DAV 50 DAV is 1,941,000	$149.69 -8.05%	5/7/2020	$134.40	PP = $121.92
								MB = $128.02
Most Recent Note - 6/9/2020 5:35:57 PM G - Consolidating -9.2% off its all-time high with volume totals cooling in recent weeks. Prior highs in the $121 area coincide with its 50 DMA line ($121.50) defining important near-term support to watch. >>> 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	$71.22	+1.79 2.58%	$72.17	868,824 149.28% of 50 DAV 50 DAV is 582,000	$93.58 -23.89%	6/1/2020	$72.10	PP = $90.10
								MB = $94.61
Most Recent Note - 6/10/2020 6:09:28 PM G - Halted its slide and posted a 2nd consecutive gain today following a gap down and damaging loss violating its 50 DMA line ($74.72) 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	$118.34	-0.48 -0.40%	$121.61	655,960 77.47% of 50 DAV 50 DAV is 846,700	$128.29 -7.76%	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
AMD - NASDAQ Advanced Micro Devices ELECTRONICS - Semiconductor - Broad Line	$57.44	+1.05 1.86%	$59.00	78,376,709 115.10% of 50 DAV 50 DAV is 68,095,000	$59.27 -3.09%	6/9/2020	$55.41	PP = $56.98
								MB = $59.83
Most Recent Note - 6/10/2020 12:22:47 PM Y - Gapped up today trading above its pivot point and above the 4/20/20 high. Finished strong after highlighted in yellow in the prior mid-day report with a pivot point cited based on its 5/20/20 high after an orderly double-bottom base. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a convincing technical buy signal. Challenging previously stubborn resistance in the $57-59 area. Gains into new high territory may mark the beginning of a substantial leg higher. The 3 latest quarterly comparisons through Mar '20 showed very strong earnings increases with greatly improved sales revenues growth in the Dec '19 and Mar '20 comparisons versus the year ago period. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Big Chip Firm Showing Strong Sales Revenues and Earnings Increases - 6/9/2020 \| 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	$122.45	+3.35 2.81%	$123.72	957,121 94.30% of 50 DAV 50 DAV is 1,015,000	$132.84 -7.82%	5/5/2020	$109.05	PP = $111.95
								MB = $117.55
Most Recent Note - 6/10/2020 6:08:06 PM G - Posted a solid gain today with near average volume. Recent gains above the pivot point lacked 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
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
NFLX - NASDAQ Netflix Inc SPECIALTY RETAIL - Music and Video Stores	$434.48	+0.43 0.10%	$439.69	4,870,496 58.99% of 50 DAV 50 DAV is 8,257,000	$458.97 -5.34%	5/14/2020	$441.95	PP = $449.62
								MB = $472.10
Most Recent Note - 6/9/2020 5:24:44 PM Y - Posted a solid gain today with below average volume. Found prompt support near its 50 DMA line ($417) in recent weeks while volume totals cooled. More damaging losses leading to a violation would trigger a technical sell signal. 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
NOW - NYSE Servicenow Inc Computer Sftwr-Enterprse	$401.66	+12.83 3.30%	$405.53	2,000,853 87.11% of 50 DAV 50 DAV is 2,297,000	$398.00 0.92%	4/30/2020	$343.05	PP = $363.05
								MB = $381.20
Most Recent Note - 6/10/2020 6:10:46 PM G - Quietly hit another new all-time high today. Color code was changed to green after rising above 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. >>> 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	+0.63 0.59%	$109.30	328,826 60.45% of 50 DAV 50 DAV is 544,000	$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	$180.03	+6.49 3.74%	$180.53	1,594,171 81.84% of 50 DAV 50 DAV is 1,948,000	$191.72 -6.10%	5/4/2020	$159.70	PP = $156.22
								MB = $164.03
Most Recent Note - 6/10/2020 6:06:55 PM G - Posted a 3rd gain in the span of 4 sessions with below average volume. Its 50 DMA line ($162.49) defines important support above prior highs in the $156 area. >>> 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	$368.52	+5.54 1.53%	$372.88	1,339,554 60.20% of 50 DAV 50 DAV is 2,225,000	$370.27 -0.47%	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
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
DOCU - NASDAQ Docusign Inc Computer Sftwr-Enterprse	$148.05	+6.13 4.32%	$149.94	4,159,301 103.93% of 50 DAV 50 DAV is 4,002,000	$152.00 -2.60%	6/10/2020	$149.73	PP = $152.10
								MB = $159.71
Most Recent Note - 6/10/2020 5:54:32 PM Y - Finished strong after highlighted in yellow with pivot point cited based on its 5/02/20 high plus 10 cents after forming an advanced "ascending base" marked by 3 pullbacks of 10-20% during its ongoing ascent. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal. Reported earnings +71% on +39% sales revenues for the Apr '20 quarter versus the year ago period. The past 3 quarterly comparisons versus the year ago period were well above the +25% minimum guideline (C criteria). After years of losses it had solid earnings in FY '19 and "20 with very strong with solid sales revenues growth. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Advanced Ascending Base Formed for Strong E-Signature Firm - 6/10/2020 \| 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	$30.67	-0.07 -0.23%	$31.82	788,015 66.78% of 50 DAV 50 DAV is 1,180,000	$31.91 -3.89%	6/1/2020	$29.24	PP = $29.90
								MB = $31.40
Most Recent Note - 6/9/2020 5:31:44 PM Y - Hit a new all-time high and finished at a best-ever close with today's gain back above its pivot point backed by only +8% above average volume. Found prompt support after a shakeout following its recently noted technical breakout. More damaging losses would raise greater concerns. >>> 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
AAXN - NASDAQ Axon Enterprise Inc Security/Sfty	$103.25	+2.98 2.97%	$104.90	1,775,124 180.77% of 50 DAV 50 DAV is 982,000	$104.76 -1.44%	5/8/2020	$84.86	PP = $90.20
								MB = $94.71
Most Recent Note - 6/10/2020 12:20:25 PM G - Perched at its all-time high with another volume-driven gain today, rallying further 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	$79.44	-0.19 -0.24%	$80.34	585,553 34.51% of 50 DAV 50 DAV is 1,697,000	$82.47 -3.67%	6/2/2020	$79.62	PP = $82.40
								MB = $86.52
Most Recent Note - 6/9/2020 5:38:09 PM Y - Volume totals have been cooling while hovering near its 52-week high, stubbornly holding its ground. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal. It previously met stubborn resistance in the $82-84 area. >>> 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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