FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, August 14th, 2024

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AFTER MARKET UPDATE - WEDNESDAY, AUGUST 14TH, 2024

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Indices				NYSE			Nasdaq
DOW	+242.75	40,008.39	+0.61%	Volume	803,156,851	-11%	Volume	5,048,122,400	-8%
NASDAQ	+4.99	17,192.60	+0.03%	Advancers	1,575	57%	Advancers	1,767	42%
S&P 500	+20.78	5,455.21	+0.38%	Decliners	1,188	43%	Decliners	2,411	58%
Russell 2000	-10.87	2,084.32	-0.52%	52 Wk Highs	107		52 Wk Highs	102
S&P 600	-5.72	1,336.41	-0.43%	52 Wk Lows	35		52 Wk Lows	158

TODAY'S SPECIAL NOTICE

A solid follow-through day was noted on Tuesday confirming a new market uptrend (M criteria).

Major Indices Edged Higher While Small Caps Lagged
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 (+0.4%) and Dow Jones Industrial Average (+0.6%) closed with gains while the Nasdaq Composite settled fractionally higher and the Russell 2000 logged a -0.5% decline. Volume reported was lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 5-4 margin on the NYSE and by 4-3 on the Nasdaq exchange. There were 26 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus 26 on the prior session. New 52-week highs totals expanded and outnumbered new 52-week lows on the NYSE, but new lows still outnumbered new highs on the Nasdaq exchange. The bullish action in the major indices confirmed a new market uptrend (M criteria). Disciplined investors know that new buying efforts are only to be made in stocks meeting all key criteria of the fact-based investment system.

Chart courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index posted a 4th consecutive gain as Tuesday's session marked a solid follow-through day on Day 6 confirming a new uptrend.

Total CPI was up 0.2% month-over-month in July, as expected, and core-CPI, which excludes food and energy, was up 0.2%, also as expected. The index for shelter was up 0.4% month-over-month and accounted for nearly 90% of the increase in the all items index. On a year-over-year basis, total CPI was up 2.9%, versus 3.0% in June, and core-CPI was up 3.2%, versus 3.3% in June.

Kellanova (K +7.76%) was the top performing stock in the S&P 500 after news that Mars will acquire Kellanova for $83.50/share in cash, or total consideration of $35.9 billion, including debt. Alphabet (GOOG -2.39%) was an influential laggard after a Bloomberg report that the Department of Justice may be looking at breaking up the company following last week's court ruling that Alphabet violated search-related antitrust laws.

The financial (+1.3%) and information technology (+0.6%) sectors logged some of the largest gains while the S&P 500 communication services sector (-0.9%) fell.

The 2-yr note yield settled one basis point higher at 3.95%. The 10-yr note yield declined three basis points to 3.82%.

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.

Financial, Networking, and Integrated Oil Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +2.09%) and Bank Index ($BKX +0.90%) each posted solid gains and the Retail Index ($RLX +0.17%) inched higher on Wednesday. The tech sector was mixed as the Semiconductor Index ($SOX -0.18%) and the Biotech Index ($BTK -0.73%) lost ground while the Networking Index ($NWX +0.95%) rose. The Gold & Silver Index ($XAU -0.44%) edged lower and the Oil Services Index ($OSX -0.18%) ended with a small loss while the Integrated Oil Index ($XOI +0.63%) rose.

Chart courtesy of www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX -0.18%) edged lower on Wednesday. It recently found support near its 200-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	81.72	-0.15	-0.18%	-2.58%
Integrated Oil	$XOI	1,993.29	+12.39	+0.63%	+7.02%
Semiconductor	$SOX	4,933.35	-8.96	-0.18%	+18.15%
Networking	$NWX	950.12	+8.92	+0.95%	+14.09%
Broker/Dealer	$XBD	652.81	+13.35	+2.09%	+17.14%
Retail	$RLX	4,258.02	+7.19	+0.17%	+9.50%
Gold & Silver	$XAU	148.48	-0.65	-0.44%	+18.13%
Bank	$BKX	108.08	+0.97	+0.90%	+12.56%
Biotech	$BTK	5,692.29	-41.63	-0.73%	+5.05%

Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

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
USLM - NASDAQ U.S. Lime & Minerals Bldg-Cement/Concrt/Ag	$74.55	-0.26 -0.35%	$75.28	54,479 53.94% of 50 DAV 50 DAV is 101,000	$87.13 -14.44%	6/18/2024	$71.26	PP = $75.77
								MB = $79.56
Most Recent Note - 8/13/2024 5:20:27 PM G - Posted a 4th consecutive gain today with below-average volume and closed above the 50 DMA line ($73.97) helping its outlook to improve. >>> 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
GVA - NYSE Granite Construction Bldg-Heavy Construction	$68.84	-0.29 -0.42%	$70.08	309,952 40.46% of 50 DAV 50 DAV is 766,000	$73.01 -5.71%	6/11/2024	$59.76	PP = $64.33
								MB = $67.55
Most Recent Note - 8/14/2024 5:17:24 PM G - Volume totals have still been cooling while stubbornly holding its ground near its all-time high. Prior highs in the $64 area define important support to watch coinciding with its 50 DMA line ($64.17). >>> FEATURED STOCK ARTICLE : Hit New High While Making Steady Progress - 7/31/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
MMYT - NASDAQ MakeMyTrip Leisure-Travel Booking	$94.94	-0.10 -0.10%	$96.01	309,369 42.61% of 50 DAV 50 DAV is 726,000	$100.22 -5.27%	7/23/2024	$96.92	PP = $93.39
								MB = $98.06
Most Recent Note - 8/13/2024 5:17:49 PM Y - Managed a "positive reversal" and posted a gain today with below-average volume. Recently found prompt support near its 50 DMA line ($86). More damaging losses would raise greater concerns. >>> 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	$167.69	-2.02 -1.19%	$170.34	592,748 72.02% of 50 DAV 50 DAV is 823,000	$177.72 -5.64%	7/26/2024	$173.08	PP = $175.82
								MB = $184.61
Most Recent Note - 8/13/2024 5:19:12 PM G - Posted a gain today rebounding to close just above its 50 DMA line ($169.67) with higher (below-average) volume helping its outlook to improve. >>> 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
HWM - NYSE Howmet Aerospace Aerospace/Defense	$93.88	-0.04 -0.04%	$95.07	1,936,439 61.81% of 50 DAV 50 DAV is 3,133,000	$97.29 -3.50%	7/30/2024	$93.95	PP = $85.52
								MB = $89.80
Most Recent Note - 8/12/2024 5:07:25 PM Y - Volume totals have been cooling while consolidating. Found prompt support after a pullback tested prior highs in the $85 area defining initial support to watch above its 50 DMA line ($82.65). >>> FEATURED STOCK ARTICLE : Breakaway Gap For Howmet Aerospace - 7/30/2024 \| 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
MELI - NASDAQ MercadoLibre Retail-Internet	$1,898.57	-17.63 -0.92%	$1,921.68	262,090 81.65% of 50 DAV 50 DAV is 321,000	$1,923.18 -1.28%	8/5/2024	$1,793.73	PP = $1,792.15
								MB = $1,881.76
Most Recent Note - 8/14/2024 5:19:40 PM G - Paused today at its 52-week high following 6 consecutive gains. Color code is changed to green after rising above its "max buy" level. Prior highs define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Finished Flat When Poised to Breakout - 8/5/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I

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