FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Wednesday, September 13th, 2023

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AFTER MARKET UPDATE - WEDNESDAY, SEPTEMBER 13TH, 2023

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Indices				NYSE			Nasdaq
DOW	-70.46	34,575.53	-0.20%	Volume	881,375,638	+13%	Volume	4,917,963,200	+6%
NASDAQ	+39.97	13,813.59	+0.29%	Advancers	1,109	39%	Advancers	1,628	38%
S&P 500	+5.54	4,467.44	+0.12%	Decliners	1,735	61%	Decliners	2,664	62%
Russell 2000	-14.48	1,840.84	-0.78%	52 Wk Highs	48		52 Wk Highs	34
S&P 600	-6.85	1,178.52	-0.58%	52 Wk Lows	89		52 Wk Lows	213

Leadership Thinned as Major Indices Were Little Changed
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The major indices were mixed and little changed on Wednesday. Volume totals reported were higher than the prior session on the NYSE and on the Nasdaq exchange. Decliners led advancers by about a 3-2 margin on the NYSE and on the Nasdaq exchange. There were 16 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 26 on the prior session. New 52-week lows totals solidly outnumbered shrinking new 52-week highs totals on both the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria).

Chart courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average has recently been sputtering below its 50-day moving average (DMA) line.

Total CPI was up a robust 0.6%, as expected, and core-CPI, which excludes food and energy, was up 0.3%. That left total CPI up 3.7% year-over-year, versus 3.2% in July, and core CPI up 4.3% year-over-year, versus 4.7% in July. The key takeaway is that core inflation, which is what the Fed monitors more closely, showed ongoing improvement on a year-over-year basis. But that is still well above the Fed's 2.0% target, which is likely to keep the Fed in a "higher for longer" mindset. The Treasury market saw the 2-yr note yield jump to 5.07% after the data, but it finished at 4.99%. The 10-yr note yield, which hit 4.34% following the data, fell two basis points from yesterday to 4.25%.

Six of the 11 S&P 500 sectors rose. The utilities sector (+1.2%), was the leader and the only sector to gain more than 1.0%, but the real estate sector (-1.0%) fell and was the weakest sector.

Airline stocks fell after Spirit Airlines (SAVE -6.25%), Frontier Group (ULCC -9.17%), and American Airlines (AAL -5.67%) warned about their Q3 outlooks due in part to rising fuel costs. On a related note, the industrial sector (-0.7%) was among the weakest performers, partially due to its weak airline components. Separately, Netflix (NLFX -5.16%) was a key individual laggard, falling in response to its disclosure that the ad business is not material yet to its overall revenue.

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 Posted Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.44%) posted a solid gain while the Bank Index ($BKX -0.90%) and the Broker/Dealer Index ($XBD -0.38%) both edged lower. The tech sector was mixed as the Semiconductor Index ($SOX +0.55%) edged higher while the Biotech Index ($BTK -0.40%) and the Networking Index ($NWX -0.33%) ended lower. Commodity-linked groups had a negative bias as the Oil Services Index ($OSX -2.24%) outpaced the Integrated Oil Index ($XOI -0.52%) and Gold & Silver Index ($XAU -0.28%) to the downside.

Chart courtesy of www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU -0.28%) has been sputtering near its 2023 low.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	96.30	-2.46	-2.49%	+14.83%
Integrated Oil	$XOI	1,955.10	-19.23	-0.97%	+9.39%
Semiconductor	$SOX	3,577.69	+36.61	+1.03%	+41.29%
Networking	$NWX	777.55	-2.67	-0.34%	-0.74%
Broker/Dealer	$XBD	503.08	-1.21	-0.24%	+12.01%
Retail	$RLX	3,715.24	+50.54	+1.38%	+34.90%
Gold & Silver	$XAU	114.59	-0.41	-0.35%	-5.19%
Bank	$BKX	81.21	-0.81	-0.99%	-19.47%
Biotech	$BTK	5,247.57	-8.83	-0.17%	-0.63%

7th Straight Loss Off High for Sterling Infrastructure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Sterling Infrastructure (STRL -$2.40 or -3.15% to $73.69) pulled back from its all-time high with today's 7th consecutive loss on near average volume. It is extended from any sound base. Important near-term support is its 50-day moving average (DMA) line ($69.43). Fundamentals remain strong.

STRL was highlighted in yellow with pivot point cited based on its 11/08/22 high plus 10 cents in the 12/14/22 mid-day report (read here). It was last covered in detail on 8/09/23 with an annotated graph under the headline, "Volume-Driven Gains Leave Construction Firm at All-Time High".

STRL hails from the Building - Heavy Construction industry group which is currently ranked 18th on the 197 Industry Groups list (L criteria). It has a 97 Earnings Per Share Rating and 7 of the last 8 quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady since FY '17.

The company has a small supply of only 30.8 million shares outstanding. That can lead to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 337 in Dec '21 to 421 in Jun '23. Its current Up/Down Volume Ratio of 1.9 is an unbiased indication its shares have been under 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	$73.69	-2.40 -3.15%	$76.56	391,532 94.57% of 50 DAV 50 DAV is 414,000	$84.00 -12.27%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 9/13/2023 6:44:29 PM G - Retreating from its all-time high with near-average volume behind today's 7th consecutive loss. It is extended from any sound base. Near-term support is its 50 DMA line ($69.43). Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : 7th Straight Loss Off High for Sterling Infrastructure - 9/13/2023 \| 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	$188.49	+1.02 0.54%	$189.29	483,716 228.17% of 50 DAV 50 DAV is 212,000	$189.91 -0.75%	4/27/2023	$148.85	PP = $152.23
								MB = $159.84
Most Recent Note - 9/13/2023 12:24:18 PM G - Perched near its all-time high, extended from any sound base. Its 50 DMA line ($175) defines important near-term support to watch on pullbacks. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : FIX Still Stubbornly Hovering Near High - 8/21/2023 \| 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 Sab Ads FOOD and BEVERAGE - Beverages - Soft Drinks	$80.07	+0.42 0.53%	$80.75	182,364 120.77% of 50 DAV 50 DAV is 151,000	$91.23 -12.23%	6/9/2023	$88.61	PP = $91.33
								MB = $95.90
Most Recent Note - 9/12/2023 12:37:46 PM G - Raising concerns while slumping further below its 50 DMA line ($83.63) and toward its 200 DMA line ($79) with today's loss. Faces some near-term resistance due to overhead supply up to the $91 area. Its Relative Strength Rating is currently 79. 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	$166.24	-0.98 -0.59%	$167.93	181,537 55.86% of 50 DAV 50 DAV is 325,000	$178.33 -6.78%	3/10/2023	$136.89	PP = $136.74
								MB = $143.58
Most Recent Note - 9/12/2023 5:33:46 PM G - Posted a gain today with light volume but remains below its 50 DMA line ($168.79). A rebound above the 50 DMA line is needed for its outlook to improve. 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 : Volume Totals Have Been Cooling While Hovering Near High - 8/18/2023 \| 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	$315.62	-3.31 -1.04%	$322.21	455,060 105.83% of 50 DAV 50 DAV is 430,000	$340.06 -7.19%	4/25/2023	$262.85	PP = $257.51
								MB = $270.39
Most Recent Note - 9/11/2023 6:36:15 PM G - Perched only -4% off its all-time high, consolidating above its 50 DMA line ($320). Fundamentals remain strong after Jun '23 earnings rose +45% on +9% sales revenues versus the year-ago period. >>> FEATURED STOCK ARTICLE : Rebounded Near 50-Day Moving Average Line - 8/24/2023 \| 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
ANET - NYSE Arista Networks Computer-Networking	$188.09	-0.94 -0.50%	$192.36	1,614,423 59.93% of 50 DAV 50 DAV is 2,694,000	$198.70 -5.34%	8/1/2023	$188.84	PP = $178.46
								MB = $187.38
Most Recent Note - 9/11/2023 6:33:54 PM G - Pulled back today with light volume. Remains perched near its all-time high. Fundamentals remain strong. >>> 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	$89.87	+0.92 1.03%	$91.29	998,555 62.06% of 50 DAV 50 DAV is 1,609,000	$98.30 -8.58%	6/13/2023	$91.73	PP = $96.92
								MB = $101.77
Most Recent Note - 9/11/2023 6:38:06 PM G - Pulled back today and closed below its 50 DMA line ($91.61) raising some concerns. Reported Jun '23 quarterly earnings +24% on +18% sales revenues versus the year-ago period, just below the +25% minimum earnings guideline (C criteria). >>> 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
ESQ - NASDAQ Esquire Finl Hldgs Finance-Commercial Loans	$46.99	-0.24 -0.51%	$47.46	13,575 61.70% of 50 DAV 50 DAV is 22,000	$54.03 -13.03%	7/14/2023	$45.80	PP = $48.23
								MB = $50.64
Most Recent Note - 9/12/2023 5:34:37 PM G - Its 50 DMA line ($47.99) has acted as resistance while still consolidating near prior highs in the $47 area. A rebound above the 50 DMA line is needed for its outlook to improve. >>> 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	$281.67	+2.13 0.76%	$282.65	210,392 79.09% of 50 DAV 50 DAV is 266,000	$281.94 -0.10%	7/25/2023	$196.32	PP = $241.57
								MB = $253.65
Most Recent Note - 9/11/2023 6:32:24 PM G - Posted a solid gain today for a new all-time high. Prior high ($269) defines initial support to watch above its 50 DMA line ($255). Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average - 8/23/2023 \| 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	$663.00	-9.70 -1.44%	$674.63	28,991 70.71% of 50 DAV 50 DAV is 41,000	$745.53 -11.07%	8/3/2023	$718.56	PP = $694.30
								MB = $729.02
Most Recent Note - 9/11/2023 6:29:57 PM G - Posted a gain today, rebounding above its 50 DMA line ($667) helping its outlook to improve. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Rebounded Above 50-Day Moving Average - 9/11/2023 \| 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
PLUS - NASDAQ ePlus Computer-Tech Services	$63.45	-0.54 -0.84%	$63.99	81,787 80.98% of 50 DAV 50 DAV is 101,000	$75.90 -16.40%	8/8/2023	$67.60	PP = $62.92
								MB = $66.07
Most Recent Note - 9/12/2023 5:31:07 PM Y - Still consolidating since a noted "breakaway gap" on 8/08/23. Fundamentals remain strong. The recent low and 50 DMA line define important near-term support in the $61 area.See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Still Consolidating Above 50 DMA Line - 9/12/2023 \| 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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