FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, September 11th, 2024

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AFTER MARKET UPDATE - WEDNESDAY, SEPTEMBER 11TH, 2024

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Indices				NYSE			Nasdaq
DOW	+124.75	40,861.71	+0.31%	Volume	933,065,357	+3%	Volume	6,150,968,800	+23%
NASDAQ	+369.65	17,395.53	+2.17%	Advancers	1,569	58%	Advancers	2,232	54%
S&P 500	+58.61	5,554.13	+1.07%	Decliners	1,135	42%	Decliners	1,928	46%
Russell 2000	+6.41	2,103.85	+0.31%	52 Wk Highs	174		52 Wk Highs	133
S&P 600	+2.71	1,333.68	+0.20%	52 Wk Lows	96		52 Wk Lows	147

Major Indices Rose After Early Weakness
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The major indices rose on Wednesday. Volume reported was higher than the prior session total on the NYSE and on the Nasdaq exchange, indicative of an increase in institutional buying demand. Breadth was positive as advancers led decliners by a 4-3 margin on the NYSE and by a narrower margin on the Nasdaq exchange. There were 16 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 27 on the prior session. New 52-week highs totals outnumbered new 52-week lows on the NYSE but new lows still outnumbered new highs on the Nasdaq exchange for a seventh consecutive session. The major indices are in a confirmed 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 600 Small Cap Index found support at its 200-day moving average (DMA) line.

The August Consumer Price Index (CPI) report stoked selling as it remained above the Fed's 2.0% target at 3.2% year-over-year. Stocks staged a turnaround, and the S&P 500 Index ultimately logged a +1.1% gain and the Nasdaq Composite rose +2.2%, while the Dow Jones Industrial Average and Russell 2000 logged slimmer gains.

Strength in NVIDIA (NVDA +8.2%) and other semiconductor and mega cap shares led the charge higher. Six of the 11 S&P 500 sectors ended with gains. The information technology sector (+3.3%) was the best performer, and the consumer discretionary sector also showed strength, rising 1.3%. The energy sector was down -0.9% along with the consumer staples sector down -0.9%.

Treasuries saw the 2-yr note yield settle four basis points higher at 3.65%. The 10-yr note yield ended one basis point higher on 3.65%.

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 Tech Indexes Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.70%) posted an influential gain while the Broker/Dealer Index ($XBD +0.11%) inched higher but the Bank Index ($BKX -0.38%) lost ground. The tech sector had a positive bias as the Semiconductor Index ($SOX +4.90%) led while the Networking Index ($NWX +1.96%) and the Biotech Index ($BTK +1.04%) also ended higher. Energy-linked groups were mixed as the Oil Services Index ($OSX +0.30%) edged higher and the Integrated Oil Index ($XOI -1.03%) lost ground. The Gold & Silver Index ($XAU +0.94%) also notched a solid gain.

Chart courtesy of www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI -1.03%) fell toward its January 2024 low.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	72.89	+0.22	+0.30%	-13.10%
Integrated Oil	$XOI	1,819.28	-18.99	-1.03%	-2.32%
Semiconductor	$SOX	4,910.17	+229.50	+4.90%	+17.60%
Networking	$NWX	1,033.69	+19.89	+1.96%	+24.12%
Broker/Dealer	$XBD	657.41	+0.75	+0.11%	+17.96%
Retail	$RLX	4,548.95	+75.94	+1.70%	+16.98%
Gold & Silver	$XAU	148.70	+1.38	+0.94%	+18.31%
Bank	$BKX	109.10	-0.42	-0.38%	+13.63%
Biotech	$BTK	5,794.03	+59.44	+1.04%	+6.92%

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	$78.84	+0.76 0.97%	$79.07	52,828 71.39% of 50 DAV 50 DAV is 74,000	$87.13 -9.51%	6/18/2024	$71.26	PP = $75.77
								MB = $79.56
Most Recent Note - 9/9/2024 5:21:36 PM G - Posted a 4th consecutive small gain today but it is still lingering just below its 50 DMA line ($77.23). More damaging losses would raise serious concerns. Near-term resistance remains due to overhead supply up to the $87 level. >>> FEATURED STOCK ARTICLE : US Lime & Minerals Lingers Below 50-Day Average - 9/6/2024 \| 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	$72.74	+0.36 0.50%	$73.48	378,342 56.55% of 50 DAV 50 DAV is 669,000	$75.36 -3.48%	6/11/2024	$59.76	PP = $64.33
								MB = $67.55
Most Recent Note - 9/9/2024 5:19:08 PM G - Volume was light behind today's small gain, consolidating near its all-time high. Its 50 DMA line ($67.90) defines inital support to watch on pullbacks above prior highs in the $64 area. >>> FEATURED STOCK ARTICLE : Granite Contruction Closes at All-Time High - 8/30/2024 \| 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	$99.85	+5.47 5.80%	$100.00	700,713 102.14% of 50 DAV 50 DAV is 686,000	$101.50 -1.63%	7/23/2024	$96.92	PP = $93.39
								MB = $98.06
Most Recent Note - 9/11/2024 5:05:49 PM G - Posted a big gain today with average volume while rising above its "max buy" level and approaching its 52-week high and its color code is changed to green. Recently retested support near its 50 DMA line ($92). Faces near-term resistance up to the $100 level. >>> FEATURED STOCK ARTICLE : Reversed Into Red After Quietly Touching a New High - 8/26/2024 \| 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	$162.96	+3.12 1.95%	$163.22	663,893 89.11% of 50 DAV 50 DAV is 745,000	$177.72 -8.31%	7/26/2024	$173.08	PP = $175.82
								MB = $184.61
Most Recent Note - 9/9/2024 5:20:33 PM G - Pulled back for a 3rd consecutive loss today with average volume, sputtering below its 50 DMA line ($168.58) which is now downward sloping and has acted as resistance. A rebound above the 50 DMA line is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Meeting Stubborn Resistance at 50-Day Moving Average - 8/27/2024 \| 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	$94.09	+0.94 1.01%	$94.25	1,419,474 50.84% of 50 DAV 50 DAV is 2,792,000	$98.15 -4.14%	7/30/2024	$93.95	PP = $85.52
								MB = $89.80
Most Recent Note - 9/9/2024 5:29:45 PM G - Posted a big gain today with lighter volume after recent losses backed by higher volume. Its 50 DMA ($88) line defines important near-term support above prior highs in the $85 area. >>> FEATURED STOCK ARTICLE : Holding Ground Near All-Time High After Pullback Testing Support - 8/29/2024 \| 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	$2,045.88	+28.30 1.40%	$2,053.00	294,769 93.88% of 50 DAV 50 DAV is 314,000	$2,064.76 -0.91%	8/5/2024	$1,793.73	PP = $1,792.15
								MB = $1,881.76
Most Recent Note - 9/9/2024 5:22:40 PM G - Posted a solid gain today with lighter volume, still hovering in a tight range near its all-time high. Its 50 DMA line ($1,815) and prior highs define support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Pulled Back From New All-Time High - 9/3/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NGVC - NYSE Natural Grocers Retail-Super/Mini Mkts	$27.27	+0.37 1.38%	$27.27	58,490 74.99% of 50 DAV 50 DAV is 78,000	$28.31 -3.67%	9/5/2024	$27.91	PP = $27.60
								MB = $28.98
Most Recent Note - 9/10/2024 4:42:07 PM Y - Posted a gain today with lighter volume. Color code was changed to yellow in the 9/05/24 mid-day report as a valid secondary buy point was noted up to 5% above the prior high since finding support near its 10 WMA line after an earlier breakout. Reported earnings +29% on +10% sales revenues for the Jun '24 quarter versus the year ago period, its 5th consecutive strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been steady. >>> FEATURED STOCK ARTICLE : Following Pullback a Secondary Buy Point Exists - 9/5/2024 \| 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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