FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Tuesday, September 19th, 2023

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AFTER MARKET UPDATE - TUESDAY, SEPTEMBER 19TH, 2023

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Indices				NYSE			Nasdaq
DOW	-106.57	34,517.73	-0.31%	Volume	896,491,591	+4%	Volume	4,506,728,700	-7%
NASDAQ	-32.05	13,678.19	-0.23%	Advancers	1,164	41%	Advancers	1,743	40%
S&P 500	-9.58	4,443.95	-0.22%	Decliners	1,656	59%	Decliners	2,562	59%
Russell 2000	-7.77	1,826.53	-0.42%	52 Wk Highs	45		52 Wk Highs	46
S&P 600	-3.10	1,176.48	-0.26%	52 Wk Lows	95		52 Wk Lows	295

Major Indices Lost Ground but Recovered from Session Lows
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The major indices ended the day in negative territory, but closed well off their lows of the day. 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 a 4-3 margin on the NYSE and by a 3-2 margin on the Nasdaq exchange. There were 9 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 11 on the prior session. New 52-week lows solidly outnumbered new 52-week highs totals on the NYSE and on the Nasdaq exchange. The major indices are in an uptrend under pressure (M criteria).

Chart courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index is sputtering below its 50-day moving average (DMA) line.

An intraday pullback in crude oil, which topped $92.00/bbl earlier in the session, aided the afternoon recovery effort. WTI crude oil futures settled 0.04% lower at $90.49/bbl. Only two of the S&P 500 sectors rose slightly - health care (+0.1%) and communication services (+0.01%). The energy sector (-0.8%) saw the largest decline. The overall negative bias was partially driven by hesitation in front of Wednesday's FOMC announcement, which will also feature an updated Summary of Economic Projections and dot plot. The 2-yr note yield rose eight basis points to 5.12% and the 10-yr note yield rose five basis points to 4.37% despite a $13 billion 20-yr bond reopening that was met with solid demand.

Instacart (CART +12.3%) posted a standout gain after its IPO at $30/share opened for trading at $42 but gave back a big chunk of that opening gain.

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.

Commodity-Linked Groups and Retail Index Led Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -1.23%) outpaced the Bank Index ($BKX -0.42%) and the Broker/Dealer Index ($XBD -0.46%) to the downside on Tuesday. The Biotech Index ($BTK +0.29%) inched higher while the Networking Index ($NWX -0.34%) and the Semiconductor Index ($SOX -0.96%) both lost ground. Commodity-linked groups had a negative bias as the Oil Services Index ($OSX -2.08%), Integrated Oil Index ($XOI -1.13%) and Gold & Silver Index ($XAU -1.68%) each lost ground.

Chart courtesy of www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX -0.96%) is sputtering below its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	95.39	-2.03	-2.08%	+13.75%
Integrated Oil	$XOI	1,951.61	-22.40	-1.13%	+9.20%
Semiconductor	$SOX	3,459.02	-33.45	-0.96%	+36.61%
Networking	$NWX	775.66	-2.67	-0.34%	-0.98%
Broker/Dealer	$XBD	505.26	-2.32	-0.46%	+12.50%
Retail	$RLX	3,569.33	-44.41	-1.23%	+29.61%
Gold & Silver	$XAU	116.94	-1.99	-1.68%	-3.25%
Bank	$BKX	81.44	-0.35	-0.42%	-19.25%
Biotech	$BTK	5,127.55	+15.01	+0.29%	-2.91%

Slumping Near 200 DMA Line and Still Only -12.3% Off High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Lattice Semiconductor (LSCC -$0.68 or -0.78% to $86.16) slumped further below its 50 DMA line ($91) toward its 200 DMA line and prior lows in the $84 area which define important near-term support to watch. It is still only -12.3% off its 52-week high. Its 50 DMA line may act as resistance, but 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 was last shown in this FSU section on 8/17/23 with an annotated graph under the headline, "Rebound Needed Above 50-Day Moving Average for Lattice".

LSCC hails from the Elec-Semicondctor Fablss group which is currently ranked 88th 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 1,225 in Jun '23, a reassuring sign concerning the I criteria. It has a Timeliness Rating of B and an Accumulation/Distribution Rating of D+. Its current Up/Down Volume Ratio of 0.8 is an unbiased sign of distributional pressure 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	$74.28	-1.26 -1.67%	$75.98	243,878 58.62% of 50 DAV 50 DAV is 416,000	$84.00 -11.57%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 9/18/2023 4:57:40 PM G - Posted a gain today with below-average volume. Extended from any sound base. Near-term support is its 50 DMA line ($70.47). Fundamentals remain strong. >>> 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	$182.22	-1.67 -0.91%	$185.13	188,297 79.45% of 50 DAV 50 DAV is 237,000	$192.33 -5.26%	4/27/2023	$148.85	PP = $152.23
								MB = $159.84
Most Recent Note - 9/18/2023 4:56:02 PM G - Pulling back from its all-time high, still extended from any sound base. Its 50 DMA line ($176.91) 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	$81.50	+1.75 2.19%	$81.81	122,490 82.04% of 50 DAV 50 DAV is 149,300	$91.23 -10.67%	6/9/2023	$88.61	PP = $91.33
								MB = $95.90
Most Recent Note - 9/19/2023 5:19:22 PM G - Posted a 2nd consecutive gain with light volume, finding support above its 200 DMA line ($79.37) and closing only -10.7% off its 52-week high. More damaging losses would raise serious concerns. Its Relative Strength Rating is currently 76, below the 80+ minimum guideline for buy candidates. 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 : Lingering Below 50 DMA Line and Relative Strength Rating Slumped - 9/14/2023 \| 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	$169.39	+1.16 0.69%	$169.88	211,462 65.47% of 50 DAV 50 DAV is 323,000	$178.33 -5.01%	3/10/2023	$136.89	PP = $136.74
								MB = $143.58
Most Recent Note - 9/19/2023 5:20:32 PM G - Posted a small gain today with below-average volume. Hovering near its 50 DMA line ($169). 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	$314.38	-5.81 -1.81%	$319.54	307,641 68.67% of 50 DAV 50 DAV is 448,000	$340.06 -7.55%	4/25/2023	$262.85	PP = $257.51
								MB = $270.39
Most Recent Note - 9/19/2023 5:16:09 PM G - Closed just below its 50 DMA line ($318.51) with today's loss on light volume. Prior low ($299.80 on 8/10/23) defines the next important suport to watch. Fundamentals remain strong. >>> 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	$184.83	-1.19 -0.64%	$185.55	1,035,556 38.13% of 50 DAV 50 DAV is 2,716,000	$198.70 -6.98%	8/1/2023	$188.84	PP = $178.46
								MB = $187.38
Most Recent Note - 9/15/2023 3:47:26 PM Y - Pulled back today for a 5th consecutive small loss with light volume, pulling back below its "max buy" level and its color code is changed to yellow. Remains perched near its all-time high. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Orderly Pullback Below "Max Buy" Level - 9/15/2023 \| 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	$86.16	-0.68 -0.78%	$86.72	1,383,130 84.03% of 50 DAV 50 DAV is 1,646,000	$98.30 -12.35%	6/13/2023	$91.73	PP = $96.92
								MB = $101.77
Most Recent Note - 9/19/2023 5:13:57 PM G - Ended -12.3% off its high but slumped further below its 50 DMA line ($91) toward its 200 DMA line with today's 3rd consecutive loss. 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 : Slumping Near 200 DMA Line and Still Only -12.3% Off High - 9/19/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ESQ - NASDAQ Esquire Financial Holdings Finance-Commercial Loans	$45.52	-0.52 -1.13%	$46.06	21,804 96.48% of 50 DAV 50 DAV is 22,600	$54.03 -15.75%	7/14/2023	$45.80	PP = $48.23
								MB = $50.64
Most Recent Note - 9/19/2023 12:16:32 PM G - Sputtering after its 50 DMA line ($48) acted as resistance, raising concerns while sinking below prior highs in the $47 area. A rebound above the 50 DMA line is needed for its outlook to improve. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Met Resistance at 50-Day Moving Average After Slumping - 9/18/2023 \| 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	$255.73	-17.37 -6.36%	$271.42	647,531 233.77% of 50 DAV 50 DAV is 277,000	$282.73 -9.55%	7/25/2023	$196.32	PP = $241.57
								MB = $253.65
Most Recent Note - 9/19/2023 12:24:26 PM G - Abruptly retreating below the prior high ($269) and violating its 50 DMA line ($259) with today's big volume-driven loss 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 : 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	$656.69	+1.68 0.26%	$661.29	18,518 44.09% of 50 DAV 50 DAV is 42,000	$745.53 -11.92%	8/3/2023	$718.56	PP = $694.30
								MB = $729.02
Most Recent Note - 9/15/2023 3:49:44 PM G - Sank further below its 50 DMA line ($669) with a volume-driven loss hurting its outlook. Only a prompt rebound above the 50 DMA line would help its outlook improve. >>> 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	$62.81	+1.03 1.67%	$62.97	75,893 70.27% of 50 DAV 50 DAV is 108,000	$75.90 -17.25%	8/8/2023	$67.60	PP = $62.92
								MB = $66.07
Most Recent Note - 9/15/2023 1:35:45 PM Y - Today's quiet loss is testing the recent low and 50 DMA line defining important near-term support in the $61 area. More damaging losses may trigger a technical sell signal. >>> 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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