FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, MAY 6TH, 2024

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Indices				NYSE			Nasdaq
DOW	+176.59	38,852.27	+0.46%	Volume	915,545,635	-4%	Volume	4,529,099,500	-8%
NASDAQ	+192.92	16,349.25	+1.19%	Advancers	2,145	77%	Advancers	2,688	63%
S&P 500	+52.95	5,180.74	+1.03%	Decliners	636	23%	Decliners	1,568	37%
Russell 2000	+24.95	2,060.67	+1.23%	52 Wk Highs	163		52 Wk Highs	149
S&P 600	+13.69	1,315.17	+1.05%	52 Wk Lows	18		52 Wk Lows	54

TODAY'S SPECIAL NOTICE

Conditions are technically still considered a market "correction" (M criteria), however, Friday's and Monday's sessions were marked by a nice expansion in the list of stocks hitting new 52-week highs on both major exchanges while the Nasdaq Composite Index led its peers with solid gains. Volume totals on both days came in below the prior session totals. Investors are still cautioned about making new buying efforts until a solid follow-through day marked by higher volume is noted confirming a new uptrend.

Major Indices Rose But With Lighter Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 gained +1.0% and settled at its best level since April 11. The Nasdaq Composite closed +1.2% higher, the Russell 2000 Index also rose +1.2%, and the Dow Jones Industrial Average posted a +0.5% gain. Volume reported was again below the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was clearly positive as advancers led decliners by more than a 3-1 margin on the NYSE and by a 5-3 margin on the Nasdaq exchange. Leadership improved as there were 73 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page versus 63 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 recently signaled a market correction (M criteria). Greater caution is important for all investors until a follow-through day signals a new confirmed uptrend.

Chart courtesy of www.stockcharts.com

PICTURED: The S&P 600 Small Cap Index rose above its 50-day moving average (DMA) line.

The information technology (+1.5%) and communication services (+1.4%) sectors logged the largest gains. One sector closed lower, the real estate sector (-0.02%).

Gains in the mega cap and semiconductor space provided a boost to the broader market. Meta Platforms (META +3.04%), NVIDIA (NVDA +3.77%), Microsoft (MSFT +1.69%), Amazon.com (AMZN +1.34%), and Eli Lilly (LLY +4.31%) were among the influential winners.

The 10-yr note yield settled one basis point lower at 4.49% and the 2-yr note yield settled one basis point higher at 4.82%.

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, Semiconductor, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX +1.01%), Broker/Dealer Index ($XBD +1.51%), and the Bank Index ($BKX +0.98%) each posted a solid gain on Monday. The tech sector was led by the Semiconductor Index ($SOX +2.21%) while the Networking Index ($NWX +0.49%) posted a smaller gain and the Biotech Index ($BTK +0.18%) and the ended only slightly higher. The Gold & Silver Index ($XAU +2.31%) outpaced the Oil Services Index ($OSX +1.03%) and the Integrated Oil Index ($XOI +0.89%).

Chart courtesy of www.stockcharts.com

PICTURED: The Oil Services Index ($OSX +1.03%) posted a 3rd consecutive gain, consolidating above its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	86.23	+0.88	+1.03%	+2.81%
Integrated Oil	$XOI	2,124.74	+18.69	+0.89%	+14.08%
Semiconductor	$SOX	4,820.45	+104.26	+2.21%	+15.45%
Networking	$NWX	746.07	+3.65	+0.49%	-10.42%
Broker/Dealer	$XBD	621.08	+9.24	+1.51%	+11.45%
Retail	$RLX	4,487.77	+45.04	+1.01%	+15.40%
Gold & Silver	$XAU	137.67	+3.11	+2.31%	+9.53%
Bank	$BKX	104.24	+1.01	+0.98%	+8.56%
Biotech	$BTK	5,104.95	+9.17	+0.18%	-5.79%

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
AXON - NASDAQ Axon Enterprise Security/Sfty	$327.64	+9.09 2.85%	$329.18	760,618 139.56% of 50 DAV 50 DAV is 545,000	$329.87 -0.68%	4/5/2024	$309.90	PP = $325.73
								MB = $342.02
Most Recent Note - 5/6/2024 6:18:49 PM Y - Posted a gain today with +41% above-average volume for a best-ever close. Recently found prompt support near its 50 DMA line ($309). The gain and strong close above the pivot point backed by at least +40% above average volume triggered a technical buy signal. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Found Support Near 50-Day Moving Average After Recent Stall - 4/29/2024 \| 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	$1,301.63	+7.83 0.61%	$1,309.43	330,464 173.02% of 50 DAV 50 DAV is 191,000	$1,305.68 -0.31%	4/12/2024	$1,224.21	PP = $1,246.32
								MB = $1,308.64
Most Recent Note - 5/6/2024 6:21:20 PM Y - Posted a 4th consecutive gain today with +73% above-average volume for a new all-time high. Gains above the pivot point backed by at least +40% above average volume triggered a technical buy signal. Its 50 DMA line ($1,214) defines near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average Line and Hit New High - 4/30/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
USLM - NASDAQ U.S. Lime & Minerals Bldg-Cement/Concrt/Ag	$360.25	+20.06 5.90%	$369.10	39,838 173.21% of 50 DAV 50 DAV is 23,000	$346.90 3.85%	2/9/2024	$254.68	PP = $265.09
								MB = $278.34
Most Recent Note - 5/6/2024 1:11:37 PM G - Posting a 7th consecutive gain today for yet another new all-time high. Its 50 DMA line ($295) and recent lows define near-term support to watch. Bullish action came after it reported Mar '24 quarterly earnings +31% on +7% sales revenues versus the year-ago period. >>> FEATURED STOCK ARTICLE : Trading in Tight Range Near High - 4/26/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PAY - NYSE Paymentus Holdings Finance-CrdtCard/PmtPr	$22.20	+1.18 5.61%	$22.22	544,961 130.06% of 50 DAV 50 DAV is 419,000	$25.21 -11.94%	3/5/2024	$19.97	PP = $18.89
								MB = $19.83
Most Recent Note - 5/6/2024 6:19:47 PM G - Posted a 4th consecutive gain today with ever-increasing volume. Found support above its 50 DMA line ($20.58). More damaging losses would raise greater concerns. >>> FEATURED STOCK ARTICLE : Finding Support Near Prior Highs and 50-Day Moving Average - 5/1/2024 \| 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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