FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Tuesday, December 12th, 2023

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AFTER MARKET UPDATE - TUESDAY, DECEMBER 12TH, 2023

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Indices				NYSE			Nasdaq
DOW	+173.01	36,577.94	+0.48%	Volume	876,631,122	-5%	Volume	4,978,864,300	-12%
NASDAQ	+100.91	14,533.40	+0.70%	Advancers	1,275	46%	Advancers	1,875	44%
S&P 500	+21.26	4,643.70	+0.46%	Decliners	1,500	54%	Decliners	2,419	56%
Russell 2000	-2.41	1,881.27	-0.13%	52 Wk Highs	137		52 Wk Highs	205
S&P 600	-2.32	1,224.37	-0.19%	52 Wk Lows	41		52 Wk Lows	190

Nasdaq Composite Hits 2023 High Along With Other Major Indices
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The major indices ended near their highs as the S&P 500 Index and Dow Jones Industrial Average each rose +0.5% and the Nasdaq Composite posted a +0.7% gain. Volume was reported lighter than the prior session total on the NYSE and on the Nasdaq exchange. Decliners led advancers by about a 5-4 margin on the NYSE and by about a 4-3 margin on the Nasdaq exchange. There were 109 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 69 on the prior session. New 52-week highs totals expanded and outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria). New buying efforts should be only made in stocks fitting all key criteria of the fact-based investment system.

Chart courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index hit a new 2023 high with lighter volume behind a 4th consecutive gain.

The November Consumer Price Index report was largely in-line with expectations. Core CPI was up 4.0% year-over-year, unchanged from October, and services inflation less rent of shelter was up 0.6% month-over-month and up 3.5% year-over-year. The Treasury market was relatively calm, awaiting Wednesday's FOMC meeting. The 2-yr note yield rose one basis point to 4.74% and the 10-yr note yield fell four basis points to 4.20%.

The information technology (+0.8%) and financial (+0.7%) sectors led the outperformers. Only 3 of the 11 S&P 500 sectors fell and the energy sector (-1.4%) saw the largest decline by a wide margin amid falling energy prices. WTI crude oil futures dropped -3.8% to $68.62/bbl and natural gas futures declined -5.3% to $2.33/mmbtu. That price action was a positive development as it relates to inflation and inflation expectations despite leading to losses in the energy sector.

Oracle (ORCL -12.44%) was a standout loser as it gapped down violating both its 50 and 200 DMA lines following its mixed fiscal Q2 earnings report and in-line fiscal Q3 guidance.

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.

Tech and Retail Led Gainers as Commodity-Linked Indexes Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -0.07%) finished flat while the Broker/Dealer Index ($XBD +0.26%) inched higher and the Retail Index ($RLX +0.86%) posted a better gain. The tech sector had a positive bias as the Semiconductor Index ($SOX +0.71%), Networking Index ($NWX +0.66%), and the Biotech Index ($BTK +1.03%) posted unanimous gains. Commodity-linked groups fell as the Integrated Oil Index ($XOI -1.28%), Oil Services Index ($OSX -1.40%), and the Gold & Silver Index ($XAU -2.67%) each ended clearly in the red.

Chart courtesy of www.stockcharts.com

PICTURED: The Oil Services Index ($OSX -1.40%) slumped further below its 200 DMA line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	77.78	-1.10	-1.40%	-7.25%
Integrated Oil	$XOI	1,773.27	-22.91	-1.28%	-0.78%
Semiconductor	$SOX	3,930.18	+27.80	+0.71%	+55.21%
Networking	$NWX	784.83	+5.14	+0.66%	+0.19%
Broker/Dealer	$XBD	522.82	+1.37	+0.26%	+16.41%
Retail	$RLX	3,768.64	+32.02	+0.86%	+36.84%
Gold & Silver	$XAU	113.93	-3.12	-2.67%	-5.73%
Bank	$BKX	88.61	-0.07	-0.07%	-12.13%
Biotech	$BTK	5,048.54	+51.36	+1.03%	-4.40%

Extended From Base Following Big Breakout
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Qualys Inc (QLYS +$1.93 or +1.02% to $191.13) posted a 5th consecutive gain with light volume as it hit another new all-time high. Its 50-day moving average (DMA) line defines initial support to watch on pullbacks above the prior high ($165). It is on track for its 7th straight weekly gain since last shown in this FSU section with an annotated graph under the headline, "Powerful Breakout for Qualys".

QLYS finished strong after highlighted in yellow in the 11/03/23 mid-day report (read here) with pivot point cited based on its 10/11/23 high after a cup-with-handle base. The gap up and considerable gain had it hitting new 52-week and all-time highs triggering a technical buy signal. Reported Sep '23 quarterly earnings +61% on +13% sales revenues versus the year ago period, its 2nd strong quarterly comparison well above the +25% minimum earnings guideline (C criteria). Made choppy progress and fundamentals remained reasonably strong since dropped from the Featured Stocks list on 6/15/20.

It has a 99 Earnings Per Share Rating. Its annual earnings history (A criteria) has also been very strong an steady. The Computer Software - Security group is currently ranked 15th on the 197 Industry Groups list, and leadership (L criteria) in the industry group is another favorable factor with respect to the fact-based investment system.

QLYS has a Relative Strength Rating of 95, well above the 80+ minimum guideline for buy candidates. Currently it has a Timeliness Rating of A but a Sponsorship Rating of D. Its Accumulation/Distribution rating is B+ while its Up/Down Volume Ratio of 2.5 is an unbiased indication its shares have been under accumulation over the past 50 days. The number of top-rated funds owning its shares rose from 294 in Jun '17 to 721 in Sep '23, a reassuring sign concerning the I criteria. Its small supply of only 36 million shares (S criteria) in the public float can contribute to greater volatility in the event of institutional buying or selling.

Charts used 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
ANET - NYSE Arista Networks Computer-Networking	$226.57	+2.54 1.13%	$227.54	2,002,413 92.28% of 50 DAV 50 DAV is 2,170,000	$224.23 1.04%	10/31/2023	$188.84	PP = $198.80
								MB = $208.74
Most Recent Note - 12/8/2023 5:24:25 PM G - Ended near the session high today and hit a new all-time high with today's gain backed by average volume. Prior highs in the $198 area define near-term support above its 50 DMA line ($202.75). Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Made Gradual Progress Since Latest Breakout - 12/6/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NVO - NYSE Novo Nordisk ADR Medical-Ethical Drugs	$96.65	+0.01 0.01%	$97.09	4,841,303 102.53% of 50 DAV 50 DAV is 4,722,000	$105.69 -8.55%	11/2/2023	$100.97	PP = $104.10
								MB = $109.31
Most Recent Note - 12/11/2023 10:06:22 PM G - Managed a "positive reversal" today but remains below its 50 DMA line ($98.41). A rebound above the 50 DMA line is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Managed a "Positive Reversal" but Still Below 50-Day Moving Average - 12/11/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
QLYS - NASDAQ Qualys Computer Sftwr-Security	$189.20	+0.88 0.47%	$190.00	392,121 108.92% of 50 DAV 50 DAV is 360,000	$190.00 -0.42%	11/3/2023	$167.50	PP = $165.03
								MB = $173.28
Most Recent Note - 12/6/2023 5:44:24 PM G - Volume was light today while hovering near all-time high. Prior high ($165) defines initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Powerful Breakout for Qualys - 11/3/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AXON - NASDAQ Axon Enterprise Security/Sfty	$238.84	+2.46 1.04%	$238.96	302,279 67.17% of 50 DAV 50 DAV is 450,000	$238.96 -0.05%	11/8/2023	$127.84	PP = $223.30
								MB = $234.47
Most Recent Note - 12/11/2023 10:11:11 PM G - Color code is changed to green as it hit a new high above its "max buy" level with today's 4th consecutive gain backed by light volume. The recent low ($212.89 on 11/09/23) defines near-term support above its 50 DMA line ($217.67). >>> FEATURED STOCK ARTICLE : Breakout for Axon as it Returns to Featured Stocks List - 11/8/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TDG - NYSE TransDigm Group Aerospace/Defense	$992.52	+8.60 0.87%	$994.69	145,320 59.80% of 50 DAV 50 DAV is 243,000	$1,013.08 -2.03%	11/9/2023	$982.68	PP = $940.10
								MB = $987.11
Most Recent Note - 12/6/2023 5:48:01 PM G - Volume totals have been cooling while consolidating in recent weeks after briefly trading above the $1,000 threshold. Fundamentals remain strong. Prior high ($940) defines initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : TransDigm's Big Gap Up Gain Triggered Technical Buy Signal - 11/9/2023 \| 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
PANW - NASDAQ Palo Alto Networks Computer Sftwr-Security	$299.88	+1.46 0.49%	$300.11	4,035,454 98.38% of 50 DAV 50 DAV is 4,102,000	$299.12 0.25%	11/13/2023	$255.90	PP = $266.00
								MB = $279.30
Most Recent Note - 12/11/2023 10:12:37 PM G - Posted a 3rd consecutive gain today for a new all-time high. Prior highs in the $265 area define initial support to watch above its 50 DMA line ($258.32). Fundamentals remain strong after it reported Oct '23 quarterly earnings +66% on +20% sales revenues versus the year-ago period. >>> FEATURED STOCK ARTICLE : Earnings New Due While Perched Near Prior High - 11/13/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
URI - NYSE United Rentals Comml Svcs-Leasing	$505.14	+10.08 2.04%	$505.90	554,647 73.46% of 50 DAV 50 DAV is 755,000	$505.16 -0.00%	12/1/2023	$499.51	PP = $488.73
								MB = $513.17
Most Recent Note - 12/8/2023 5:26:46 PM Y - Posted a 3rd consecutive gain with below average volume today. Highlighted in yellow in the 12/01/23 mid-day report with new pivot point cited based on its 11/15/23 high after a cup-with-handle base. The recent low ($454.71 on 11/28/23) defines near-term support to watch. >>> FEATURED STOCK ARTICLE : New Breakout For United Rentals - 12/1/2023 \| 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	$57.06	+0.29 0.50%	$58.31	285,485 73.20% of 50 DAV 50 DAV is 390,000	$67.66 -15.67%	12/4/2023	$60.84	PP = $58.35
								MB = $61.27
Most Recent Note - 12/11/2023 10:08:20 PM Y - Posted a small gain today with light volume. New pivot point cited was based on its 11/21/23 high after a cup-with-handle base. Little resistance remains due to overhead supply. A gain and strong close above the pivot point backed by at least +40% above average volume may trigger a proper new technical buy signal. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Amphastar Pharm on Track for 7th Weekly Gain - 12/4/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TBBK - NASDAQ The Bancorp Banks-Northeast	$38.95	-0.34 -0.87%	$39.46	526,683 138.24% of 50 DAV 50 DAV is 381,000	$41.52 -6.19%	12/4/2023	$39.88	PP = $41.62
								MB = $43.70
Most Recent Note - 12/8/2023 1:02:10 PM Y - Perched within close striking distance of its 52-week high. Pivot point cited was based on its 7/27/23 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. The 4 latest quarterly comparisons through Sep '23 had earnings increases above the +25% minimum guideline (C criteria) versus the year ago period. Annual earnings history has been strong. >>> FEATURED STOCK ARTICLE : The Bancorp is Perched Near High with Strong Fundamentals - 12/5/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LULU - NASDAQ lululemon athletica Retail-Apparel/Shoes/Acc	$502.74	+13.10 2.68%	$507.44	2,787,878 119.40% of 50 DAV 50 DAV is 2,335,000	$493.80 1.81%	12/8/2023	$490.61	PP = $485.93
								MB = $510.23
Most Recent Note - 12/11/2023 10:16:02 PM Y - Rallying from a 2-year long base, it posted a 3rd consecutive gain today backed by +19% above average volume for another new all-time high. Pivot point cited was based on its Nov '21 high plus 10 cents. >>> FEATURED STOCK ARTICLE : Lululemon Breaks Out to New All-Time High - 12/8/2023 \| 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

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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