FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - TUESDAY, JULY 30TH, 2024

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Indices				NYSE			Nasdaq
DOW	+203.40	40,743.33	+0.50%	Volume	903,587,859	+6%	Volume	5,756,943,600	+16%
NASDAQ	-222.78	17,147.42	-1.28%	Advancers	1,697	62%	Advancers	1,903	45%
S&P 500	-27.10	5,436.44	-0.50%	Decliners	1,024	38%	Decliners	2,309	55%
Russell 2000	+7.81	2,243.14	+0.35%	52 Wk Highs	213		52 Wk Highs	178
S&P 600	+8.54	1,428.11	+0.60%	52 Wk Lows	21		52 Wk Lows	142

Major Indices Ended Mixed Again
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow Jones Industrial Average (+0.5%) and Russell 2000 (+0.6%) closed with gains while the S&P 500 (-0.5%) and Nasdaq Composite (-1.3%) settled lower Volume reported was higher than the prior session total on the NYSE and on the Nasdaq exchange. Advancers led decliners by an 8-5 margin on the NYSE and by 11-9 on the Nasdaq exchange. There were 88 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 75 on the prior session. New 52-week highs totals outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The major indices are in an uptrend that has been encountering pressure (M criteria). Remember that any uptrend requires healthy leadership and it remains important for a continuing flow of stocks hitting new highs.

Chart courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index sank below its 50-day moving average (DMA) line with a damaging volume-driven loss.

The equity and bond markets didn't react much to this morning's better-than-expected consumer confidence index for July. The 10-yr note yield declined four basis points to 4.14% and the 2-yr note yield declined three basis points to 4.36%.

NVIDIA (NVDA -7.0%) was among the top laggard from the spaces. Dow components Merck (MRK -9.8%) and Procter & Gamble (PG -4.8%) were also among the influential losers after reporting earnings. Meanwhile, F5 Networks (FFIV +13.0%), Stanley Black & Decker (SWK +10.0%), and PayPal (PYPL +8.6%) were top performing S&P 500 components after their quarterly reports.

The heavily-weighted information technology sector had the weakest showing, dropping -2.2%, while the financial sector jumped +1.2%.

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.

Semi Index Fell While Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.23%) ended slightly lower while the Broker/Dealer Index ($XBD +0.08%) finished flat and the Bank Index ($BKX +1.12%) posted a solid gain. The tech sector was mixed as the Semiconductor Index ($SOX 3.88%) ended solidly lower while the Biotech Index ($BTK +0.32%) edged higher and the Networking Index ($NWX +1.68%) posted a solid gain. Commodity-linked groups had a positive bias as the Gold & Silver Index ($XAU +0.49%), Oil Services Index ($OSX +0.71%) and the Integrated Oil Index ($XOI +1.66%) posted unanimous gains.

Chart courtesy of www.stockcharts.com

PICTURED: The Oil Services Index ($OSX +0.71%) posted a solid gain.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	90.32	+0.64	+0.71%	+7.67%
Integrated Oil	$XOI	2,060.38	+33.61	+1.66%	+10.63%
Semiconductor	$SOX	4,890.15	-197.47	-3.88%	+17.12%
Networking	$NWX	928.35	+15.30	+1.68%	+11.47%
Broker/Dealer	$XBD	658.31	+0.56	+0.08%	+18.13%
Retail	$RLX	4,478.98	-10.54	-0.23%	+15.18%
Gold & Silver	$XAU	148.48	+0.66	+0.45%	+18.13%
Bank	$BKX	115.45	+1.28	+1.12%	+20.23%
Biotech	$BTK	5,711.45	+18.29	+0.32%	+5.40%

Breakaway Gap For Howmet Aerospace
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Howmet Aerospace Inc (HWM +$10.96 or +13.23% to $93.81) was highlighted in yellow with pivot point cited based on its 5/28/24 high plus 10 cents in the earlier mid-day report. It hit a new all-time high triggering a technical buy signal with today's considerable "breakaway gap" and volume-driven gain.

Recent quarterly comparisons through Jun '24 showed earnings increases above the +25% minimum guideline (C criteria) versus the year-ago period. Annual earnings (A criteria) history has improved after a downturn in FY '19-20.

The number of top-rated funds owning its shares rose from 1,609 in Sep '23 to 1,746 in Jun '24, a reassuring sign concerning the I criteria.

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
TDG - NYSE Transdigm Group Inc AEROSPACE/DEFENSE - Aerospace/Defense Products and; Services	$1,236.12	+1.26 0.10%	$1,246.80	173,045 71.62% of 50 DAV 50 DAV is 241,600	$1,369.58 -9.74%	4/12/2024	$1,224.21	PP = $1,246.32
								MB = $1,308.64
Most Recent Note - 7/24/2024 3:30:36 PM G - Gapped down today after rebounding but meeting resistance at its 50 DMA line ($1,297.53) which is now downward sloping. It is -8.3% off its all-time high. A rebound above the 50 DMA line is needed to improve its outlook. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Lingering Below 50-Day Moving Average But Only -7% Off High - 7/10/2024 \| 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	$82.38	-1.55 -1.85%	$84.39	52,041 49.10% of 50 DAV 50 DAV is 106,000	$85.10 -3.20%	6/18/2024	$71.26	PP = $75.77
								MB = $79.56
Most Recent Note - 7/26/2024 6:43:31 PM G - Posted a gain today with near average volume for its 2nd best ever close near its all-time high. Color code was changed to green after rising above its "max buy" level. Found support while consolidating above its 50 DMA line ($72.59). Do not be confused as shares split 5:1 (Featured Price and Pivot Point were adjusted). >>> FEATURED STOCK ARTICLE : Recent Breakout Triggered New (or Add-On) Technical Buy Signal - 7/22/2024 \| 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	$128.05	+1.32 1.04%	$129.53	3,093,983 82.26% of 50 DAV 50 DAV is 3,761,000	$148.15 -13.57%	6/7/2024	$143.06	PP = $138.38
								MB = $145.30
Most Recent Note - 7/24/2024 3:32:58 PM G - Abruptly slumped below its 50 DMA line ($138.56) with heavier volume behind damaging losses last week raising concerns and 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 : Violation of 50-Day Moving Average Line Raised Concerns - 7/24/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
GVA - NYSE Granite Construction Bldg-Heavy Construction	$67.85	-0.98 -1.42%	$69.30	714,680 105.57% of 50 DAV 50 DAV is 677,000	$68.91 -1.54%	6/11/2024	$59.76	PP = $64.33
								MB = $67.55
Most Recent Note - 7/26/2024 6:45:10 PM G - Posted another gain backed by above-average volume rallying further above its "max buy" level to another new all-time high. Prior highs in the $64 area define initial support to watch above its 50 DMA line ($62.43). >>> FEATURED STOCK ARTICLE : Granite Testing Support at 50-Day Moving Average - 7/2/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
DDOG - NASDAQ Datadog Inc Computer Sftwr-Enterprse	$117.92	-0.39 -0.33%	$119.95	2,165,116 59.36% of 50 DAV 50 DAV is 3,647,600	$138.61 -14.93%	7/9/2024	$126.92	PP = $138.71
								MB = $145.65
Most Recent Note - 7/24/2024 3:28:51 PM G - Color code is changed to green today while sinking below its 50 DMA line ($120.95) testing important support is at its 200 DMA line ($117.86). More damaging losses would raise serious concerns and trigger a worrisome technical sell signal. A rebound above the 50 DMA line is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Consolidating Within Close Range of 52-Week High - 7/9/2024 \| 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
MMYT - NASDAQ MakeMyTrip Leisure-Travel Booking	$92.25	+0.01 0.01%	$95.05	670,159 84.40% of 50 DAV 50 DAV is 794,000	$100.22 -7.95%	7/23/2024	$96.92	PP = $93.39
								MB = $98.06
Most Recent Note - 7/26/2024 6:46:38 PM Y - Posted a gain today with below average volume. Finished strong after highlighted in yellow in the 7/23/24 mid-day report with pivot point cited based on its 7/10/24 high plus 10 cents. Triggered a technical buy signal as it powered to a new all-time high. >>> FEATURED STOCK ARTICLE : Volume Driven Trip to New Highs - 7/23/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TXRH - NASDAQ Texas Roadhouse Retail-Restaurants	$172.44	+3.06 1.81%	$174.02	716,678 88.04% of 50 DAV 50 DAV is 814,000	$175.72 -1.87%	7/26/2024	$173.08	PP = $175.82
								MB = $184.61
Most Recent Note - 7/26/2024 6:41:58 PM Y - Encountered distributional pressure after highlighted in yellow with pivot point cited based on its 6/28/24 high plus 10 cents in the earlier mid-day report. Gapped up rebounding from below its 50 DMA line and back within close striking distance of its all-time high. Subsequent gains and a close above the pivot point backed by at least +40% above average volume may trigger a proper technical buy signal. Reported Jun '24 quarterly earnings +47% on +15% sales revenues versus the year-ago period. Sequential quarterly comparisons show impressive earnings growth rate acceleration. Annual earnings growth has been strong since a downturn in FY '20. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure When Poised to Break Out - 7/26/2024 \| 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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