FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, OCTOBER 16TH, 2023

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Indices				NYSE			Nasdaq
DOW	+323.31	33,993.60	+0.96%	Volume	251,766,522	-71%	Volume	2,296,197,550	-46%
NASDAQ	+129.07	13,536.31	+0.96%	Advancers	2,139	76%	Advancers	2,919	71%
S&P 500	+42.86	4,370.64	+0.99%	Decliners	682	24%	Decliners	1,215	29%
Russell 2000	+25.07	1,744.78	+1.46%	52 Wk Highs	29		52 Wk Highs	36
S&P 600	+19.18	1,131.94	+1.72%	52 Wk Lows	81		52 Wk Lows	179

Major Indices Posted Solid Gains With Thin Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow Jones Indistrial Average, S&P 500 and Nasdaq Composite posted solid gains ranging from +0.9% to +1.6% but closed off their best levels of the session. The volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 3-1 margin on the NYSE and by a 5-2 margin on the Nasdaq exchange. There were 14 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 19 on the prior session. New 52-week lows totals contracted yet still solidly outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. The market averages are in an uptrend (M criteria). New buying efforts should be made only in stocks meeting all key criteria of the fact-based investment system.

Chart courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index met resistance near its 50-day moving average (DMA) line.

Apple (AAPL -0.07%) was a notable laggard after Bloomberg reported that the iPhone 15 had a disappointing start to sales in China. All 11 S&P 500 sectors closed in the green. Eight sectors jumped at least +1.0%, led by consumer discretionary (+1.7%) and communication services (+1.5%). The energy sector (+0.7%) saw the slimmest gain amid falling oil prices ($86.62/bbl, -1.18, -1.3%). A Washington Post report suggested that the U.S. is aiming to ease sanctions on oil from Venezuela.

The 2-yr note yield rose four basis points to 5.09% and the 10-yr note yield rose eight basis points to 4.71%.

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, Financial, and Tech Indexes Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Gold & Silver Index ($XAU +0.34%) and the Integrated Oil Index ($XOI +0.83%) rose while the Oil Services Index ($OSX -0.09%) ended slightly in the red. The Retail Index ($RLX +2.01%) outpaced both the Bank Index ($BKX +1.52%) and Broker/Dealer Index ($XBD +1.39%) while all posted influential gains that helped boost the major averages. The tech sector was led by the Networking Index ($NWX +2.75%) while the Semiconductor Index ($SOX +1.43%) also rose and the Biotech Index ($BTK +0.51%) posted a smaller gain.

Chart courtesy of www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX -2.70%) has been sputtering near its 2023 low.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	94.97	+0.14	+0.14%	+13.25%
Integrated Oil	$XOI	1,952.96	+12.82	+0.66%	+9.27%
Semiconductor	$SOX	3,489.68	+36.71	+1.06%	+37.82%
Networking	$NWX	719.85	+15.99	+2.27%	-8.10%
Broker/Dealer	$XBD	484.02	+8.81	+1.85%	+7.77%
Retail	$RLX	3,420.85	+52.14	+1.55%	+24.21%
Gold & Silver	$XAU	114.96	+0.61	+0.53%	-4.88%
Bank	$BKX	77.23	+1.04	+1.37%	-23.42%
Biotech	$BTK	4,999.11	+26.26	+0.53%	-5.34%

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

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	$196.35	+6.50 3.42%	$197.19	725,093 37.80% of 50 DAV 50 DAV is 1,918,000	$198.70 -1.18%	10/6/2023	$188.84	PP = $198.80
								MB = $208.74
Most Recent Note - 10/16/2023 5:25:24 PM Y - Posted a solid gain today with near average volume challenging its 52-week high. Color code was changed to yellow with new pivot point cited based on its 9/01/23 high plus 10 cents. Fundamentals remain strong. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a new technical buy signal. >>> FEATURED STOCK ARTICLE : Arista Consolidates Above 50-Day Moving Average Line - 9/29/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PLUS - NASDAQ ePlus Computer-Tech Services	$67.89	+0.68 1.01%	$68.86	22,296 18.89% of 50 DAV 50 DAV is 118,000	$75.90 -10.55%	8/8/2023	$67.60	PP = $62.92
								MB = $66.07
Most Recent Note - 10/16/2023 5:26:31 PM G - Perched near its best-ever close after gains last week helped it rally above its "max buy" level. Its 50 DMA line ($64.35) defines near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Orderly Consolidation Continues for ePlus - 9/28/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I

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***

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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