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AFTER MARKET UPDATE - FRIDAY, JULY 28TH, 2023
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Indices NYSE Nasdaq
DOW  +176.57 35,459.29 +0.50% Volume 869,517,560 -11% Volume 4,479,847,300 -14%
NASDAQ +266.55 14,316.66 +1.90% Advancers 2,037 71% Advancers 3,151 73%
S&P 500 +44.82 4,582.23 +0.99% Decliners 838 29% Decliners 1,186 27%
Russell 2000 +26.64 1,981.54 +1.36% 52 Wk Highs 108   52 Wk Highs 131  
S&P 600 +11.69 1,271.09 +0.93% 52 Wk Lows 11   52 Wk Lows 82  

Major Indices Rose with Positive Breadth

The major indices registered gains ranging from 0.5% to 1.9%. The market-cap weighted S&P 500 rose 1.0%. The volume totals reported were lighter on the NYSE and on the Nasdaq exchange versus the prior session. Breadth was positive as advancers led decliners by more than a 2-1 margin on the NYSE and by nearly 3-1 on the Nasdaq exchange. There were 34 high-ranked companies from the Leaders List that hit a new 52-week high and were listed on the BreakOuts Page, matching the total of 34 on the prior session. New 52-week highs totals contracted yet still outnumbered new 52-week lows on the NYSE and 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 perched near its 2023 high.

Meta Platforms (META +4.4%) and Tesla (TSLA +4.4%) posted solid gains on no news. Intel (INTC +6.6%) and Roku (ROKU +31.4%) were also among the more influential standouts.

Nine of the 11 S&P 500 sectors finished in positive territory.  Exxon (XOM -1.20%) and Chevron (CVX -0.49%) were slightly lower after their earnings reports.  Procter & Gamble (PG +2.83%) and Mondelez Int'l (MDLZ +3.70%) ended higher, ,meanwhile Colgate-Palmolive (CL -1.93%) logged a decline as investors digested the latest quarterly results.


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.


Retail, Semiconductor, and Commodity-Linked Groups Led Gainers

The Retail Index ($RLX +1.98%) posted a solid gain, and financials had a positive bias as the Bank Index ($BKX +0.80%) and the Broker/Dealer Index ($XBD +0.32%) both posted smaller gains. The tech sector was mixed as the Semiconductor Index ($SOX +2.22%) posted a solid gain and the Biotech Index ($BTK +1.34%) followed, but the Networking Index ($NWX -1.55%) finished lower. Commodity-linked groups had a positive bias as the Gold & Silver Index ($XAU +1.19%), Oil Services Index ($OSX +1.71%) and the Integrated Oil Index ($XOI +0.87%) posted unanimous gains.

Chart courtesy of www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +0.32%) is perched near its 2023 high.


Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  91.59 +1.54 +1.71% +9.22%
Integrated Oil $XOI  1,808.54 +15.52 +0.87% +1.19%
Semiconductor $SOX  3,851.76 +83.50 +2.22% +52.12%
Networking $NWX  806.20 -12.67 -1.55% +2.92%
Broker/Dealer $XBD  513.11 +1.66 +0.32% +14.24%
Retail $RLX  3,549.29 +68.97 +1.98% +28.88%
Gold & Silver $XAU  124.27 +1.46 +1.19% +2.82%
Bank $BKX  89.01 +0.71 +0.80% -11.74%
Biotech $BTK  5,339.15 +70.44 +1.34% +1.10%


Featured Stocks

 

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
StockCharts.com Latest Chart for STRL STRL - NASDAQ
Sterling Infrastructure
Bldg-Heavy Construction  
$58.75 +0.00
0.00%

$59.35

222,140
68.35% of 50 DAV
50 DAV is 325,000
$60.58
-3.02%
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 
StockCharts.com Latest Chart for FIX FIX - NYSE
Comfort Systems USA
Bldg-A/C and Heating Prds  
$173.78 +8.40
5.08%

$174.56

196,157
87.57% of 50 DAV
50 DAV is 224,000
$174.08
-0.17%
4/27/2023 $148.85 PP = $152.23
MB = $159.84
Most Recent Note - 7/28/2023 6:00:19 PM
G - Hit a new all-time high today after testing its 50 DMA line ($159) on the prior session. Reported Jun '23 quarterly earnings +65% on +27% versus the year ago period. Volume and volatility often increase near earnings news.
>>> 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 
StockCharts.com Latest Chart for KOF KOF - NYSE
Coca-Cola Femsa ADR
Beverages-Non-Alcoholic  
$84.96 +1.37
1.64%

$85.56

66,715
39.95% of 50 DAV
50 DAV is 167,000
$91.23
-6.87%
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 
StockCharts.com Latest Chart for CLH CLH - NYSE
Clean Harbors
Pollution Control  
$165.19 -0.30
-0.18%

$167.04

299,726
77.85% of 50 DAV
50 DAV is 385,000
$172.54
-4.26%
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 
StockCharts.com Latest Chart for SPSC SPSC - NASDAQ
SPS Commerce
Comp Sftwr-Spec Enterprs  
$174.53 +1.71
0.99%

$174.73

269,145
132.58% of 50 DAV
50 DAV is 203,000
$196.39
-11.13%
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
StockCharts.com Latest Chart for HUBB HUBB - NYSE
Hubbell
Electrical-Power/Equipmt  
$309.98 +1.51
0.49%

$311.74

425,983
102.15% of 50 DAV
50 DAV is 417,000
$340.06
-8.85%
4/25/2023 $262.85 PP = $257.51
MB = $270.39
Most Recent Note - 7/26/2023 5:38:35 PM
G - Abruptly retreated from its all-time high with today's 2nd consecutive volume-driven undercutting its 50 DMA line ($311) raising concerns. Fundamentals remain strong after Jun '23 earnings rose +45%. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Pulled Back Undercutting 50 Day Moving Average Line - 7/26/2023
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for NVR NVR - NYSE
N V R Inc
MATERIALS and CONSTRUCTION - Residential Construction  
$6,343.33 +41.62
0.66%

$6,374.98

21,456
90.92% of 50 DAV
50 DAV is 23,600
$6,474.53
-2.03%
4/25/2023 $5,882.18 PP = $5,978.25
MB = $6,277.16
Most Recent Note - 7/27/2023 7:50:27 PM
G - Pulled back today with above average volume. Reported Jun '23 quarterly earnings -6% on -13% sales revenues raising greater fundamental concerns. Its prior low ($6,009 on 7/06) and 50 DMA line ($6,028) 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 
StockCharts.com Latest Chart for PHM PHM - NYSE
PulteGroup
Bldg-Resident/Comml  
$84.82 +1.18
1.41%

$85.17

2,277,323
80.30% of 50 DAV
50 DAV is 2,836,000
$86.01
-1.38%
4/25/2023 $65.17 PP = $64.01
MB = $67.21
Most Recent Note - 7/27/2023 7:42:23 PM
G - There was a "negative reversal" today after hitting another new high. It is very extended from any sound base. Recently 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 ($74.54). See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Reversed After Reaching a New All-Time High - 7/27/2023
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for AMPH AMPH - NASDAQ
Amphastar Pharm
Medical-Biomed/Biotech  
$60.83 +0.22
0.36%

$61.44

265,140
58.53% of 50 DAV
50 DAV is 453,000
$63.72
-4.54%
5/15/2023 $43.56 PP = $44.15
MB = $46.36
Most Recent Note - 7/26/2023 5:40:51 PM
G - Hovering near its all-time high. It did not form a sound new base of sufficient length. Its 50 DMA line ($52) defines important support to watch. Fundamentals remain strong.
>>> 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 
StockCharts.com Latest Chart for ANET ANET - NYSE
Arista Networks
Computer-Networking  
$151.09 -9.90
-6.15%

$157.18

7,282,802
222.38% of 50 DAV
50 DAV is 3,275,000
$178.36
-15.29%
5/30/2023 $176.35 PP = $171.54
MB = $180.12
Most Recent Note - 7/28/2023 12:38:55 PM
G - Gapped down today violating its 50 DMA line ($160) triggering a technical sell signal with heavier volume behind its 3rd consecutive loss. A rebound above the 50 DMA line is needed for its outlook to improve.
>>> 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
StockCharts.com Latest Chart for PANW PANW - NASDAQ
Palo Alto Networks
Computer Sftwr-Security  
$248.44 +3.16
1.29%

$249.29

2,080,686
31.34% of 50 DAV
50 DAV is 6,639,000
$258.88
-4.03%
6/5/2023 $228.35 PP = $213.73
MB = $224.42
Most Recent Note - 7/27/2023 7:51:44 PM
G - Volume totals have been cooling while consolidating above its 50 DMA line ($231) which 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 
StockCharts.com Latest Chart for LSCC LSCC - NASDAQ
Lattice Semiconductor
Elec-Semicondctor Fablss  
$90.95 +1.70
1.90%

$91.26

1,938,221
86.26% of 50 DAV
50 DAV is 2,247,000
$98.18
-7.36%
6/13/2023 $91.73 PP = $96.92
MB = $101.77
Most Recent Note - 7/27/2023 7:44:48 PM
Y - Color code is changed to yellow after today's gap up and big volume-driven gain helped it promptly rebound above the 50 DMA line helping its outlook improve, 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 
StockCharts.com Latest Chart for XPEL XPEL - NASDAQ
Xpel Inc
Auto/Truck-Tires andamp; Misc  
$78.84 +2.13
2.78%

$78.84

88,703
66.64% of 50 DAV
50 DAV is 133,100
$81.46
-3.22%
6/28/2023 $83.14 PP = $87.11
MB = $91.47
Most Recent Note - 7/28/2023 6:02:50 PM
Y - Color code is changed to yellow after rebounding back above its 50 DMA line ($78.56) with today's gain backed by below-average volume following 8 consecutive losses. 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 
StockCharts.com Latest Chart for FTNT FTNT - NASDAQ
Fortinet
Computer Sftwr-Security  
$76.80 +0.22
0.29%

$77.63

3,489,727
64.39% of 50 DAV
50 DAV is 5,420,000
$81.24
-5.47%
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 
StockCharts.com Latest Chart for PII PII - NYSE
Polaris
Leisure-Products  
$134.81 +0.48
0.36%

$136.68

584,497
100.95% of 50 DAV
50 DAV is 579,000
$138.49
-2.66%
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
StockCharts.com Latest Chart for ALGM ALGM - NASDAQ
Allegro MicroSystems
Elec-Semicondctor Fablss  
$50.84 +1.54
3.12%

$50.89

1,161,085
80.07% of 50 DAV
50 DAV is 1,450,000
$53.05
-4.17%
7/13/2023 $49.86 PP = $48.82
MB = $51.26
Most Recent Note - 7/28/2023 5:57:55 PM
Y - Posted a 2nd consecutive gain with below average volume. Due to report Jun '23 quarterly earnings news on 8/01/23. 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 
StockCharts.com Latest Chart for ESQ ESQ - NASDAQ
Esquire Finl Hldgs
Finance-Commercial Loans  
$50.46 +0.34
0.67%

$51.13

24,604
82.01% of 50 DAV
50 DAV is 30,000
$54.03
-6.62%
7/14/2023 $45.80 PP = $48.23
MB = $50.64
Most Recent Note - 7/27/2023 7:46:46 PM
Y - Color code is changed to yellow after pulling back below 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 
StockCharts.com Latest Chart for MEDP MEDP - NASDAQ
Medpace Holdings
Medical-Research Eqp/Svc  
$254.81 +5.93
2.38%

$256.41

347,337
89.29% of 50 DAV
50 DAV is 389,000
$264.19
-3.55%
7/25/2023 $196.32 PP = $241.57
MB = $253.65
Most Recent Note - 7/27/2023 7:53:30 PM
Y - Pulled back with average volume today for a 2nd consecutive loss after hitting a new all-time high. 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.
>>> 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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Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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