FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - TUESDAY, JULY 25TH, 2023

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Indices				NYSE			Nasdaq
DOW	+26.83	35,438.07	+0.08%	Volume	826,609,822	+4%	Volume	4,535,392,100	+10%
NASDAQ	+85.69	14,144.56	+0.61%	Advancers	1,451	51%	Advancers	1,935	44%
S&P 500	+12.89	4,567.53	+0.28%	Decliners	1,390	49%	Decliners	2,458	56%
Russell 2000	+0.44	1,966.12	+0.02%	52 Wk Highs	111		52 Wk Highs	129
S&P 600	-0.89	1,263.58	-0.07%	52 Wk Lows	15		52 Wk Lows	103

Major Indices Rose Ahead of Next Fed Rate Decision
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major indices closed with gains after the S&P 500 and Dow Jones Industrials Average each hit new 52-week highs at their best levels of the day. The DJIA also logged its twelfth straight winning session. The volume totals reported were higher on the NYSE and on the Nasdaq exchange versus the prior session. Advancers led deliners by a narrow margin on the NYSE but decliners led advancers by a 5-4 margin on the Nasdaq exchange. Leadership improved as there were 56 high-ranked companies from the Leaders List that hit a new 52-week high 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 barely outnumbered new highs on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria). Appropriate new buying efforts may be considered under the fact-based investment system.

Chart courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index is consolidating near its 2023 high.

The positive bias was supported by the July Consumer Confidence Index, which showed the highest reading since July 2021, driven both by a pickup in views about current conditions and the outlook. Packaging Corp. (PKG +10.08%), General Electric (GE +6.27), 3M (MMM +5.33%), Dow, Inc. (DOW +1.77%), Nucor (NUE +3.74%), and Sherwin-Williams (SHW +2.96%) each rose following their earnings reports. Strength from some mega cap stocks helped to boost index performance. Alphabet (GOOG +0.75%) and Microsoft (MSFT +1.7%) both rose ahead of their earnings reports due after the close. The market-cap weighted S&P 500 rose 0.3%.

The industrials sector (-0.1%) was weighed down by a big decline in RTX (RTX -10.22%), which lowered its free cash flow guidance for the year due to a need to inspect a significant portion of the PW1100G-JM engine fleet after finding that a powdered metal used in the production of those engines has a contaminant in it.

In other corporate news, the International Brotherhood of Teamsters and United Parcel Service (UPS -1.94%) announced that they have reached a five year tentative collective bargaining agreement. Banc of California (BANC +11.2%) is reportedly in advanced discussions to buy PacWest (PACW -27.0%) .

The 2-yr Treasury note yield rose one basis point to 4.90% and the 10-yr note yield rose six basis points to 3.91%. The latest $43 billion 5-yr note sale met decent demand, although foreign interest was a bit below average. The FOMC's latest policy directive will be released at 2:00PM on Wednesday followed by Fed Chair Powell's press conference.

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.

Semiconductor, Networking, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -1.61%) outpaced the Broker/Dealer Index ($XBD -0.40%) to the downside, meanwhile, the Retail Index ($RLX +0.17%) inched higher. The tech sector was led by the Semiconductor Index ($SOX +1.70%) as the Networking Index ($NWX +0.70%) posted a smaller gain but the Biotech Index ($BTK -0.28%) finished slightly lower. The Gold & Silver Index ($XAU +1.48%) posted a solid gain while the Oil Services Index ($OSX +0.37%) and the Integrated Oil Index ($XOI +0.37%) both posted smaller gains.

Chart courtesy of www.stockcharts.com

PICTURED: The Retail Index ($RLX +0.17%) has been rebounding toward its August 2022 high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	91.42	+0.34	+0.37%	+9.01%
Integrated Oil	$XOI	1,808.76	+10.82	+0.60%	+1.20%
Semiconductor	$SOX	3,755.27	+62.94	+1.70%	+48.31%
Networking	$NWX	835.33	+5.79	+0.70%	+6.64%
Broker/Dealer	$XBD	514.47	-2.07	-0.40%	+14.55%
Retail	$RLX	3,495.64	+6.01	+0.17%	+26.93%
Gold & Silver	$XAU	128.18	+1.87	+1.48%	+6.06%
Bank	$BKX	87.74	-1.43	-1.61%	-13.00%
Biotech	$BTK	5,318.19	-14.74	-0.28%	+0.70%

Medpace Posted a Solid Volume-Driven Gain for a New High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Medpace Holdings Inc (MEDP +$9.66 or +3.91% to $256.60) finished strong after highlighted in yellow with pivot point cited based on its 1/23/23 high plus 10 cents in the earlier mid-day report (read here). It hit a new all-time high with today's volume-driven gain backed by +170% above average volume clinching a technical buy signal. Prior highs in the $241 area define support to watch on pullbacks.

It has a 99 Earnings Per Share Rating. MEDP reported earnings increases above the +25% minimum earnings guideline (C criteria) in the past 5 quarterly comparisons through Jun '23. It is also a great match with the winning models of the fact-based investment system as its annual earnings history has been strong and steady.

It went through a deep and choppy consolidation since dropped from the Featured Stocks list on 1/04/22. It was last shown in this FSU section on 12/28/21 with an annotated graph under the headline, "Pulling Back After Rebounding Near High".

There is a small supply of only 30.5 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 188 in Dec '17 to 749 in Jun '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have been under slight distributional pressure over the past 50 days. It has earned a Timeliness Rating of B and Sponsorship rating of B.

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
STRL - NASDAQ Sterling Infrastructure Bldg-Heavy Construction	$58.12	+0.86 1.50%	$58.88	221,959 68.93% of 50 DAV 50 DAV is 322,000	$60.58 -4.06%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 7/24/2023 5:58:45 PM G - Pulled back with higher volume behind today's 4th consecutive loss off its all-time high. It is very extended from any sound base and its 50 DMA line defines near-term support to watch. Mar '23 quarterly earnings were below the +25% minimum guideline (C criteria) raising fundamental concerns. >>> FEATURED STOCK ARTICLE : Streak of Gains Lifts Sterling Infrastructure to New Highs - 7/3/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
FIX - NYSE Comfort Systems USA Bldg-A/C and Heating Prds	$167.51	+0.42 0.25%	$168.52	113,694 50.53% of 50 DAV 50 DAV is 225,000	$172.02 -2.62%	4/27/2023	$148.85	PP = $152.23
								MB = $159.84
Most Recent Note - 7/25/2023 5:14:20 PM G - Due to report Jun '23 quarterly results on 7/26/23. Volume and volatility often increase near earnings news. Perched near its all-time high with volume totals cooling. No resistance remains due to overhead supply. Its 50 DMA line ($158.85) defines important near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Pulled Back From High With Lighter Volume - 7/19/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
KOF - NYSE Coca-Cola Femsa ADR Beverages-Non-Alcoholic	$81.91	+0.05 0.06%	$82.37	224,338 135.96% of 50 DAV 50 DAV is 165,000	$91.23 -10.22%	6/9/2023	$88.61	PP = $91.33
								MB = $95.90
Most Recent Note - 7/25/2023 5:23:18 PM G - Due to report Jun '23 quarterly results. Volume and volatility often increase near earnings news. Its Relative Strength Rating has slumped to 79 while lingering below its 50 DMA line. A rebound above the 50 DMA line ($85.33) is needed for its outlook to improve. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Slumping Below 50-Day Moving Average and Below Prior Low - 7/6/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CLH - NYSE Clean Harbors Pollution Control	$170.02	+0.70 0.41%	$170.86	186,405 48.80% of 50 DAV 50 DAV is 382,000	$172.54 -1.46%	3/10/2023	$136.89	PP = $136.74
								MB = $143.58
Most Recent Note - 7/25/2023 5:10:35 PM G - Hovering near its all-time high, extended from any sound base. Its 50 DMA line ($155.89) defines important near-term support to watch on pullbacks. Due to report Jun '23 quarterly results on 8/02/23. >>> FEATURED STOCK ARTICLE : Negative Reversal at High After +26% Rally in 4 Months - 7/18/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SPSC - NASDAQ SPS Commerce Comp Sftwr-Spec Enterprs	$176.84	-1.05 -0.59%	$179.70	126,588 63.29% of 50 DAV 50 DAV is 200,000	$196.39 -9.95%	4/24/2023	$150.01	PP = $157.56
								MB = $165.44
Most Recent Note - 7/24/2023 5:43:40 PM G - Pulled back nearly testing its 50 DMA line ($175) with today's 4th consecutive loss. Due to report Jun '23 quarterly results on 7/27/23. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Pulled Back Abruptly to 50-Day Moving Average Line - 7/24/2023 \| 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
HUBB - NYSE Hubbell Electrical-Power/Equipmt	$318.52	-15.26 -4.57%	$337.96	1,227,287 323.82% of 50 DAV 50 DAV is 379,000	$340.06 -6.33%	4/25/2023	$262.85	PP = $257.51
								MB = $270.39
Most Recent Note - 7/25/2023 11:47:23 AM G - Abruptly retreating from its all-time high with today's volume-driven loss. Its 50 DMA line ($310) defines initial support to watch on pullbacks. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Hubbell on Track for 11th Weekly Gain - 6/22/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NVR - NYSE NVR Bldg-Resident/Comml	$6,361.13	+130.44 2.09%	$6,383.17	17,407 75.68% of 50 DAV 50 DAV is 23,000	$6,474.53 -1.75%	4/25/2023	$5,882.18	PP = $5,978.25
								MB = $6,277.16
Most Recent Note - 7/20/2023 1:13:57 PM G - Due to report Jun '23 quarterly results. The Mar '23 quarter was noted as it raised fundamental concerns. Pulling back today undercutting its "max buy" level after recently wedging to a new all-time high. Its prior low ($6,009 on 7/06) and 50 DMA line ($5,984) define near-term support watch. >>> FEATURED STOCK ARTICLE : New High Close for Strong Homebuilder - 6/30/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PHM - NYSE PulteGroup Bldg-Resident/Comml	$83.40	+4.87 6.20%	$83.87	4,856,143 178.34% of 50 DAV 50 DAV is 2,723,000	$82.97 0.51%	4/25/2023	$65.17	PP = $64.01
								MB = $67.21
Most Recent Note - 7/25/2023 12:08:48 PM G - Hitting another new high with today's 3rd consecutive gain with volume running at an above average pace. Very extended from any sound base. Reported earnings +18% for the Jun '23 quarter versus the year-ago period, below the +25% minimum guideline (C criteria) raising concerns. Important support to watch is defined by its 50 DMA line ($74). >>> FEATURED STOCK ARTICLE : Negative Reversal After Hitting Another New High - 6/26/2023 \| 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	$61.69	+1.01 1.66%	$62.34	275,907 59.08% of 50 DAV 50 DAV is 467,000	$63.72 -3.19%	5/15/2023	$43.56	PP = $44.15
								MB = $46.36
Most Recent Note - 7/20/2023 5:12:29 PM G - Posted a 6th consecutive gain. It did not form a sound base of sufficient length. Its 50 DMA line ($50.28) defines important support to watch above prior highs in the $44 area. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : 6th Straight Gain for Amphastar - 7/20/2023 \| 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	$174.27	+2.55 1.48%	$175.56	2,147,374 67.66% of 50 DAV 50 DAV is 3,174,000	$178.36 -2.29%	5/30/2023	$176.35	PP = $171.54
								MB = $180.12
Most Recent Note - 7/21/2023 4:58:40 PM G - Posted another gain today with below-average volume, leaving it perched near prior highs. It faces little near-term resistance due to overhead supply up to the $178 level. Fundamentals remain strong. Its 50 DMA line ($157.59) defines near-term support above the prior low ($148.32). >>> FEATURED STOCK ARTICLE : Wedging Higher After Rebounding Above 50-Day Moving Average - 7/12/2023 \| 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	$242.88	-0.45 -0.18%	$246.85	1,951,282 29.08% of 50 DAV 50 DAV is 6,710,000	$258.88 -6.18%	6/5/2023	$228.35	PP = $213.73
								MB = $224.42
Most Recent Note - 7/21/2023 5:00:53 PM G - Posted a small gain today with average volume and it remains perched near its all-time high. Its 50 DMA line ($228) defines near-term support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Strength Continues for Network Security Leader - 6/27/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LSCC - NASDAQ Lattice Semiconductor Elec-Semicondctor Fablss	$89.56	+3.09 3.57%	$90.00	1,147,004 49.57% of 50 DAV 50 DAV is 2,314,000	$98.18 -8.78%	6/13/2023	$91.73	PP = $96.92
								MB = $101.77
Most Recent Note - 7/25/2023 5:18:09 PM Y - Posted a gain today with light volume finding support near its 50 DMA line ($87.25). Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Due to report Jun '23 quarterly results on 7/31/23. >>> FEATURED STOCK ARTICLE : Perched Near Pivot Point After Best-Ever Close - 7/17/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
XPEL - NASDAQ XPEL Auto/Truck-Replace Parts	$77.85	-1.64 -2.06%	$79.96	101,578 77.54% of 50 DAV 50 DAV is 131,000	$87.46 -10.99%	6/28/2023	$83.14	PP = $87.11
								MB = $91.47
Most Recent Note - 7/25/2023 5:20:38 PM G - Color code is changed to green after slumping and closing below its 50 DMA line ($78.40) with today's 6th consecutive gain backed by below-average volume. Stalled after recently hitting a new 52-week high. Reported Mar '23 quarterly earnings +46% on +19% sales revenues versus the year-ago period, its 3rd quarterly comparison above the +25% minimum earnings guideline (C criteria), helping it better match the winning models of the fact-based investment system. >>> FEATURED STOCK ARTICLE : XPEL Returns to Featured Stocks List After Long Consolidation - 6/28/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
FTNT - NASDAQ Fortinet Computer Sftwr-Security	$78.31	+1.04 1.35%	$78.62	3,031,756 55.60% of 50 DAV 50 DAV is 5,453,000	$81.24 -3.61%	7/10/2023	$78.29	PP = $74.45
								MB = $78.17
Most Recent Note - 7/24/2023 5:56:43 PM Y - Color code is changed to yellow after pulling back with light volume below its "max buy" level. Its prior high in the $74 area defines support above its 50 DMA line ($72.22) Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Fortinet Powered to New All-Time High - 7/10/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PII - NYSE Polaris Leisure-Products	$132.81	-1.72 -1.28%	$134.18	1,083,590 195.95% of 50 DAV 50 DAV is 553,000	$136.55 -2.74%	7/11/2023	$126.92	PP = $123.97
								MB = $130.17
Most Recent Note - 7/25/2023 12:11:08 PM G - Gapped down today then rebounded from the early low after reporting Jun '23 quarterly earnings +0% versus the year ago period, below the +25% minimum earnings guideline (C criteria). On pullbacks, the prior highs define initial support to watch above its 50 DMA line ($118). >>> FEATURED STOCK ARTICLE : Volume-Driven Breakout for Polaris - 7/11/2023 \| 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
ALGM - NASDAQ Allegro MicroSystems Elec-Semicondctor Fablss	$49.53	+1.65 3.45%	$49.59	1,344,391 88.45% of 50 DAV 50 DAV is 1,520,000	$53.05 -6.64%	7/13/2023	$49.86	PP = $48.82
								MB = $51.26
Most Recent Note - 7/25/2023 5:16:08 PM Y - Posted a gain with lighter volume today rebounding back above the pivot point following 4 consecutive losses with above-average volume. Due to report Jun '23 quarterly earnings news on 7/27/23. Volume and volatility often increase near earnings news. Disciplined investors always limit losses by selling any stock that falls more than -8% from their purchase price. >>> FEATURED STOCK ARTICLE : Volume Heavy Behind Considerable Breakout Gain - 7/13/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ESQ - NASDAQ Esquire Finl Hldgs Finance-Commercial Loans	$51.20	+1.27 2.54%	$51.43	57,184 197.19% of 50 DAV 50 DAV is 29,000	$49.97 2.46%	7/14/2023	$45.80	PP = $48.23
								MB = $50.64
Most Recent Note - 7/25/2023 5:12:30 PM G - Color code is changed to green after posting a 4th consecutive gain today with +96% above-average volume, clinching a technical buy signal and hitting a new all-time high but rising above its "max buy" level. Found support above its 50 DMA line on the recent pullback. >>> FEATURED STOCK ARTICLE : Esquire Perched Near Prior Highs - 7/14/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
MEDP - NASDAQ Medpace Holdings Medical-Research Eqp/Svc	$256.60	+9.66 3.91%	$264.19	986,550 270.29% of 50 DAV 50 DAV is 365,000	$252.40 1.66%	7/25/2023	$196.32	PP = $241.57
								MB = $253.65
Most Recent Note - 7/25/2023 5:08:48 PM Y - Finished strong after highlighted in yellow with pivot point cited based on its 1/23/23 high plus 10 cents in the earlier mid-day report. Hit a new all-time high with a solid gain backed by +170% above average volume clinching a technical buy signal. Prior highs in the $241 area define support to watch on pullbacks. Reported earnings increases above the +25% minimum earnings guideline (C criteria) in the past 5 quarterly comparisons through Jun '23. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Medpace Posted a Solid Volume-Driven Gain for a New High - 7/25/2023 \| 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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