FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, August 17th, 2023

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AFTER MARKET UPDATE - THURSDAY, AUGUST 17TH, 2023

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Indices				NYSE			Nasdaq
DOW	-290.91	34,474.83	-0.84%	Volume	886,559,749	+9%	Volume	5,330,046,000	-16%
NASDAQ	-157.70	13,316.93	-1.17%	Advancers	837	29%	Advancers	1,415	32%
S&P 500	-33.97	4,370.36	-0.77%	Decliners	2,010	71%	Decliners	2,964	68%
Russell 2000	-21.46	1,850.06	-1.15%	52 Wk Highs	18		52 Wk Highs	31
S&P 600	-12.22	1,196.07	-1.01%	52 Wk Lows	83		52 Wk Lows	288

TODAY'S SPECIAL NOTICE

Distributional action, clearly negative breadth, and waning leadership has signaled a more worrisome market correction (M criteria). Greater caution is called for and disciplined investors should be ready to reduce exposure and raise cash by selling any weakening stocks on a case-by-case basis.

Indices Fall and Leadership Thins Indicative of a Market Correction
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The major averages fell and again were led lower by the tech-heavy Nasdaq Composite Index. Volume totals reported were mixed, higher than the prior session on the NYSE and lighter on the Nasdaq exchange. Breadth was negative as decliners led advancers by more than a 2-1 margin on the NYSE andon the Nasdaq exchange. There were only 4 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 15 on the prior session. New 52-week lows totals solidly outnumbered shrinking new 52-week highs totals on the NYSE and on the Nasdaq exchange. The major indices are in a correction (M criteria). Leadership has quickly evaporated as indicated by waning new highs totals on both major exchanges. New buying efforts should be avoided until a new confirmed rally marked by a solid follow-through day.

Chart courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average fell toward its 50-day moving average (DMA) line.

The weekly jobless claims data (claims dropped to 239,000 from 250,000 last week) was indicative of a tight labor market, which contributed to another jump in market rates. The 10-yr note yield rose five basis points today to 4.31%, settling at its highest level since November 2007. The 10-yr note yield is now up 35 basis points for the month. Incoming data continues to validate the soft landing/no landing scenario that presumably will keep inflation above the Fed's 2.0% goal. A higher-for-longer mindset includes a consideration of additional hikes in the Fed's target rates.

The only S&P 500 sector to register a gain was energy (+1.1%). The consumer discretionary (-1.6%) and consumer staples (-1.0%) sectors saw the biggest declines. Cisco (CSCO +3.3%) was a winning standout after its earnings report, meanwhile, fellow Dow component Walmart (WMT -2.2%) sank after its earnings report.

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 and Semiconductor Indexes Led Decliners
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The tech sector had a negative bias as the Semiconductor Index ($SOX -0.97%) outpaced the Biotech Index ($BTK -0.66%) to the downside and the Networking Index ($NWX -0.13%) inched lower. The Broker/Dealer Index ($XBD -0.32%) edged lower and the Bank Index ($BKX -0.02%) was unchanged. The Gold & Silver Index ($XAU -0.50%) edged lower while the Oil Services Index ($OSX -0.17%) ended slightly in the red, meanwhile the Integrated Oil Index ($XOI +1.00%) posted a standout gain.

Chart courtesy of www.stockcharts.com

PICTURED: The Retail Index ($RLX -1.16%) is consolidating well above its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	91.12	-0.16	-0.17%	+8.65%
Integrated Oil	$XOI	1,853.14	+18.34	+1.00%	+3.69%
Semiconductor	$SOX	3,446.35	-33.73	-0.97%	+36.11%
Networking	$NWX	774.58	-0.97	-0.13%	-1.11%
Broker/Dealer	$XBD	484.60	-1.58	-0.32%	+7.90%
Retail	$RLX	3,539.28	-41.62	-1.16%	+28.51%
Gold & Silver	$XAU	112.36	-0.56	-0.50%	-7.03%
Bank	$BKX	82.13	-0.02	-0.02%	-18.56%
Biotech	$BTK	5,165.67	-34.49	-0.66%	-2.19%

Rebound Needed Above 50-Day Moving Average for Lattice
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Lattice Semiconductor (LSCC -$0.42 or -0.48% to $86.57) is sputtering below its 50-day moving average (DMA) line ($89.94) which may act as resistance. Subsequent gains above the 50 DMA line are needed for its outlook to improve. Recently it reported Jun '23 quarterly earnings +24% on +18% sales revenues versus the year-ago period, just below the +25% minimum earnings guideline (C criteria). It still has a 99 Earnings Per Share Rating. Its annual earnings history (A criteria) has been very strong and steady.

LSCC was highlighted in yellow with pivot point cited based on its 3/23/23 high plus 10 cents in the 6/13/23 mid-day report (read here). It hails from the Elec-Semicondctor Fablss group which is currently ranked 17th on the 197 Industry Groups list (L criteria).

The company has 137.8 million shares outstanding (S criteria). The number of top-rated funds owning its share rose from 765 in Jun '22 to 1,171 in Jun '23, a reassuring sign concerning the I criteria. It has a Timeliness Rating of A but an Accumulation/Distribution Rating of C-. Its current Up/Down Volume Ratio of 1.1 is an unbiased sign of slight accumulation over the past 50 days.

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
STRL - NASDAQ Sterling Infrastructure Bldg-Heavy Construction	$75.24	-5.25 -6.52%	$80.96	709,978 175.30% of 50 DAV 50 DAV is 405,000	$83.81 -10.23%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 8/17/2023 5:42:08 PM G - Abruptly retreated from its all-time high with today's big volume-driven loss. It is very extended from any sound base. Jun '23 quarterly earnings rose +37% on +13% sales revenues versus the year-ago period. >>> FEATURED STOCK ARTICLE : Volume-Driven Gains Leave Construction Firm at All-Time High - 8/9/2023 \| 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	$173.76	-5.33 -2.98%	$179.61	195,056 90.30% of 50 DAV 50 DAV is 216,000	$182.94 -5.02%	4/27/2023	$148.85	PP = $152.23
								MB = $159.84
Most Recent Note - 8/14/2023 5:56:20 PM G - Holding its ground near its all-time high, extended from any sound base. Its 50 DMA line ($166) defines important near-term support to watch on pullbacks. Reported Jun '23 quarterly earnings +65% on +27% versus the year-ago period. >>> 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	$84.46	+0.46 0.55%	$84.91	163,619 109.08% of 50 DAV 50 DAV is 150,000	$91.23 -7.42%	6/9/2023	$88.61	PP = $91.33
								MB = $95.90
Most Recent Note - 8/14/2023 6:01:39 PM G - Posted a small gain today with +110% above average volume. A rebound above the 50 DMA line ($84.31) is still needed for its outlook to improve but that short-term average recently has acted as resistance. Its Relative Strength Rating is currently 81. Reported Jun '23 quarterly earnings +23% on +26% sales revenues versus the year-ago period, below the +25% minimum guideline (C criteria). >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Line has Acted as Resistance - 8/10/2023 \| 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	$168.06	-4.67 -2.70%	$173.54	249,457 64.63% of 50 DAV 50 DAV is 386,000	$178.33 -5.76%	3/10/2023	$136.89	PP = $136.74
								MB = $143.58
Most Recent Note - 8/15/2023 6:07:25 PM G - Pulled back today with light volume, retreating from its all-time high. Its 50 DMA line ($164) defines important near-term support to watch on pullbacks. Reported earnings for the Jun '23 quarter -13% on +3% sales revenues versus the year-ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. >>> 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
HUBB - NYSE Hubbell Electrical-Power/Equipmt	$300.61	-5.91 -1.93%	$308.63	312,513 73.19% of 50 DAV 50 DAV is 427,000	$340.06 -11.60%	4/25/2023	$262.85	PP = $257.51
								MB = $270.39
Most Recent Note - 8/15/2023 6:08:13 PM G - Still lingering below its 50 DMA line ($318.73). A rebound above the 50 DMA line is needed for its outlook to improve. Fundamentals remain strong after Jun '23 earnings rose +45% on +9% sales revenues versus the year-ago period. >>> 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
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
NVR - NYSE NVR Bldg-Resident/Comml	$6,022.00	-125.94 -2.05%	$6,187.28	24,238 127.57% of 50 DAV 50 DAV is 19,000	$6,474.53 -6.99%	4/25/2023	$5,882.18	PP = $5,978.25
								MB = $6,277.16
Most Recent Note - 8/16/2023 5:55:08 PM G - Still consolidating near its 50 DMA line ($6,186). Reported Jun '23 quarterly earnings -6% on -13% sales revenues, its 2nd subpar quarter, raising greater fundamental concerns. >>> FEATURED STOCK ARTICLE : Consolidating Above 50 DMA After 2nd Subpar Earnings Report - 8/7/2023 \| 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	$78.79	-3.77 -4.57%	$83.44	2,990,686 115.47% of 50 DAV 50 DAV is 2,590,000	$86.16 -8.55%	4/25/2023	$65.17	PP = $64.01
								MB = $67.21
Most Recent Note - 8/17/2023 5:47:28 PM G - Volume was +17% above average behind today's big loss violating its 50 DMA line ($79.24) triggering a technical sell signal. Recently reported earnings +18% for the Jun '23 quarter versus the year-ago period, below the +25% minimum guideline (C criteria) raising concerns. >>> 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
AMPH - NASDAQ Amphastar Pharm Medical-Biomed/Biotech	$53.01	-3.04 -5.42%	$56.05	432,171 93.95% of 50 DAV 50 DAV is 460,000	$67.66 -21.65%	5/15/2023	$43.56	PP = $44.15
								MB = $46.36
Most Recent Note - 8/17/2023 5:45:35 PM G - Slumped further below its 50 DMA line ($56.79) with today's loss and closed near the session low raising concerns. Fundamentals remain strong after it reported Jun '23 quarterly earnings +67% on +18% sales revenues versus the year-ago period. >>> 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	$182.76	+1.39 0.77%	$184.82	2,836,814 87.77% of 50 DAV 50 DAV is 3,232,000	$190.65 -4.14%	8/1/2023	$188.84	PP = $178.46
								MB = $187.38
Most Recent Note - 8/14/2023 5:53:20 PM Y - Posted a gain today with light volume. Volume totals have been cooling while hovering near the prior high and pivot point. Bullish action came after it reported Jun '23 quarterly earnings +40% on +39% sales revenues versus the year-ago period. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Hovering Near High with Volume Totals Cooling - 8/14/2023 \| 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	$86.57	-0.42 -0.48%	$87.44	1,452,729 82.35% of 50 DAV 50 DAV is 1,764,000	$98.18 -11.83%	6/13/2023	$91.73	PP = $96.92
								MB = $101.77
Most Recent Note - 8/17/2023 5:43:53 PM G - Posted a 3rd consecutive small loss today with light volume, sputtering below its 50 DMA line ($89.94) which may act as resistance. Subsequent gains above the 50 DMA line are needed for its outlook to improve. Reported Jun '23 quarterly earnings +24% on +18% sales revenues versus the year-ago period, just below the +25% minimum earnings guideline (C criteria). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Rebound Needed Above 50-Day Moving Average for Lattice - 8/17/2023 \| 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
XPEL - NASDAQ XPEL Auto/Truck-Replace Parts	$82.95	-0.47 -0.56%	$83.89	113,837 85.59% of 50 DAV 50 DAV is 133,000	$87.46 -5.16%	6/28/2023	$83.14	PP = $87.11
								MB = $91.47
Most Recent Note - 8/11/2023 5:17:11 PM G - Posted another solid gain today, promptly rebounding well above its 50 DMA line ($80.27), showing resilience after triggering a technical sell signal on 8/09/23. Faces little resistance due to overhead supply up to the $87 level. Reported Jun '23 quarterly earnings +33% on +22% sales revenues versus the year-ago period. Volume and volatility often increase near earnings news. >>> FEATURED STOCK ARTICLE : Consolidating After Rebounding Above 50-Day Moving Average - 8/2/2023 \| 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	$47.93	-0.27 -0.56%	$48.60	11,261 38.83% of 50 DAV 50 DAV is 29,000	$54.03 -11.29%	7/14/2023	$45.80	PP = $48.23
								MB = $50.64
Most Recent Note - 8/15/2023 6:04:08 PM Y - Volume was below average behind today's 3rd consecutive loss. Testing prior highs in the $47 area defining important near-term support coinciding with its 50 DMA line. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Pullback with Light Volume Testing Important Support Level - 8/15/2023 \| 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	$253.59	-1.98 -0.77%	$257.19	190,917 50.24% of 50 DAV 50 DAV is 380,000	$269.44 -5.88%	7/25/2023	$196.32	PP = $241.57
								MB = $253.65
Most Recent Note - 8/16/2023 5:53:55 PM Y - Color code is changed to yellow after pulling back below its "max buy" level with today's 4th consecutive loss with below average volume. Prior highs in the $241 area define support to watch above its 50 DMA line ($241). 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
COKE - NASDAQ Coca-Cola Consolidated Beverages-Non-Alcoholic	$689.88	-24.31 -3.40%	$713.66	37,580 89.48% of 50 DAV 50 DAV is 42,000	$745.53 -7.46%	8/3/2023	$718.56	PP = $694.30
								MB = $729.02
Most Recent Note - 8/17/2023 5:49:57 PM G - Volume was below average behind today's 4th consecutive loss, slumping from its all-time high and back below its pivot point raising concerns. Fundamentals remain strong >>> FEATURED STOCK ARTICLE : Powerful Breakout for COKE - 8/3/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ACLS - NASDAQ Axcelis Technologies Elec-Semiconductor Equip	$159.83	-5.69 -3.44%	$167.45	484,457 89.38% of 50 DAV 50 DAV is 542,000	$201.00 -20.48%	8/4/2023	$181.59	PP = $201.10
								MB = $211.16
Most Recent Note - 8/17/2023 5:48:43 PM Slumped further below its 50 DMA line ($176.79) with today's big loss and it will be dropped from the Featured Stocks list. A rebound above the 50 DMA line is needed for its outlook to improve. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Formed Ascending Base and Now Testing 50-Day Moving Average - 8/4/2023 \| 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
PLUS - NASDAQ ePlus Computer-Tech Services	$62.74	-0.48 -0.76%	$63.82	125,649 108.32% of 50 DAV 50 DAV is 116,000	$75.90 -17.34%	8/8/2023	$67.60	PP = $62.92
								MB = $66.07
Most Recent Note - 8/16/2023 5:58:24 PM Y - Pulled back today for a 4th consecutive loss with near average volume, consolidating since a noted "breakaway gap" on 8/08/23. Reported earnings +42% on +25% sales revenues for the Jun '23 quarter versus the year ago period, its 3rd consecutive quarterly earnings increase above the +25% minimum guideline (C criteria) helping it better match the winning models of the fact-based investment system. Annual earnings growth (A criteria) has been strong. >>> FEATURED STOCK ARTICLE : ePLUS Gapped Up but Ended in Lower Half of Intra-Day Range - 8/8/2023 \| 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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