FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, August 15th, 2024

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AFTER MARKET UPDATE - THURSDAY, AUGUST 15TH, 2024

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Indices				NYSE			Nasdaq
DOW	+554.67	40,563.06	+1.39%	Volume	888,674,238	+11%	Volume	5,625,766,300	+11%
NASDAQ	+401.89	17,594.50	+2.34%	Advancers	2,104	76%	Advancers	3,046	72%
S&P 500	+88.01	5,543.22	+1.61%	Decliners	661	24%	Decliners	1,155	27%
Russell 2000	+51.15	2,135.47	+2.45%	52 Wk Highs	141		52 Wk Highs	101
S&P 600	+30.61	1,367.02	+2.29%	52 Wk Lows	14		52 Wk Lows	107

TODAY'S SPECIAL NOTICE

A solid follow-through day was noted on Tuesday confirming a new market uptrend (M criteria).

Indices Rallied With Signs of Greater Institutional Buying Demand
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow Jones Industrial Average rose 1.4%, the S&P 500 settled 1.6% higher, the Nasdaq Composite registered a 2.3% gain, and the Russell 2000 climbed 2.4%. Volume reported was higher than the prior session totals on the NYSE and on the Nasdaq exchange, indicative of greater institutional buying demand. Advancers led decliners by more than a 3-1 margin on the NYSE and by nearly 3-1 on the Nasdaq exchange. There were 51 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus 29 on the prior session. New 52-week highs totals expanded and outnumbered new 52-week lows on the NYSE, but new lows still outnumbered new highs on the Nasdaq exchange. The bullish action in the major indices confirmed a new market uptrend (M criteria). Disciplined investors know that new buying efforts are only to be made in stocks meeting all key criteria of the fact-based investment system.

Chart courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average posted a 3rd consecutive gain with higher volume, making steady progress after promptly repairing the recent violation of its 50-day moving average (DMA) line.

Market action was bullish after a much better than expected Retail Sales Report for July which bodes well for consumer spending and earnings prospects. A pleasing weekly jobless claims report also calmed fears about a weakening labor market. Solid earnings results and commentary about the consumer from Walmart (WMT +6.58%) contributed to the upside bias. Cisco (CSCO +6.80%) rallied after reporting a solid fiscal Q4 operating performance.

Nine of the 11 S&P 500 sectors registered gains led by consumer discretionary (+3.4%) and information technology (+2.5%). The consumer discretionary sector was helped by a huge gain in Ulta Beauty (ULTA +11.17%) after Berkshire Hathaway reported a new position in the stock.

The only sectors that closed lower were the rate-sensitive real estate (-0.3%) and utilities (-0.02%) sectors amid rising market rates. The 10-yr note yield rose 11 basis points to 3.93% and the 2-yr note yield finished 15 basis points higher at 4.10%.

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, Tech, Financial, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +3.27%) powered higher as the Broker/Dealer Index ($XBD +0.92%) and Bank Index ($BKX +1.28%) each posted solid gains on Thursday. The tech sector was led by the Semiconductor Index ($SOX +4.87%) while the Networking Index ($NWX +3.48%) followed and the Biotech Index ($BTK +1.68%) also gained ground. Commodity-linked groups also had a positive bias as the Gold & Silver Index ($XAU +0.90%), Oil Services Index ($OSX +2.00%) and the Integrated Oil Index ($XOI +1.10%) posted unanimous gains.

Chart courtesy of www.stockcharts.com

PICTURED: The Retail Index ($RLX +3.27%) gapped up and posted a solid gain on Thursday. It recently found support near its 200-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	83.35	+1.64	+2.00%	-0.63%
Integrated Oil	$XOI	2,015.24	+21.95	+1.10%	+8.20%
Semiconductor	$SOX	5,173.38	+240.04	+4.87%	+23.90%
Networking	$NWX	983.15	+33.04	+3.48%	+18.05%
Broker/Dealer	$XBD	658.82	+6.01	+0.92%	+18.22%
Retail	$RLX	4,397.12	+139.10	+3.27%	+13.07%
Gold & Silver	$XAU	149.81	+1.33	+0.90%	+19.19%
Bank	$BKX	109.47	+1.38	+1.28%	+14.00%
Biotech	$BTK	5,787.98	+95.69	+1.68%	+6.81%

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

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
USLM - NASDAQ U.S. Lime & Minerals Bldg-Cement/Concrt/Ag	$77.74	+3.19 4.28%	$78.15	56,427 56.43% of 50 DAV 50 DAV is 100,000	$87.13 -10.78%	6/18/2024	$71.26	PP = $75.77
								MB = $79.56
Most Recent Note - 8/15/2024 2:44:06 PM G - Gapped up today rebounding further above the 50 DMA line ($74.30) helping its outlook to improve. Resistance remains due to overhead supply up to the $87 level. >>> FEATURED STOCK ARTICLE : Recent Breakout Triggered New (or Add-On) Technical Buy Signal - 7/22/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
GVA - NYSE Granite Construction Bldg-Heavy Construction	$70.12	+1.28 1.86%	$71.08	507,772 66.03% of 50 DAV 50 DAV is 769,000	$73.01 -3.96%	6/11/2024	$59.76	PP = $64.33
								MB = $67.55
Most Recent Note - 8/14/2024 5:17:24 PM G - Volume totals have still been cooling while stubbornly holding its ground near its all-time high. Prior highs in the $64 area define important support to watch coinciding with its 50 DMA line ($64.17). >>> FEATURED STOCK ARTICLE : Hit New High While Making Steady Progress - 7/31/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
MMYT - NASDAQ MakeMyTrip Leisure-Travel Booking	$96.56	+1.63 1.71%	$97.51	581,892 80.82% of 50 DAV 50 DAV is 720,000	$100.22 -3.65%	7/23/2024	$96.92	PP = $93.39
								MB = $98.06
Most Recent Note - 8/13/2024 5:17:49 PM Y - Managed a "positive reversal" and posted a gain today with below-average volume. Recently found prompt support near its 50 DMA line ($86). More damaging losses would raise greater concerns. >>> FEATURED STOCK ARTICLE : Volume Driven Trip to New Highs - 7/23/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TXRH - NASDAQ Texas Roadhouse Retail-Restaurants	$170.00	+2.31 1.38%	$172.65	656,424 80.35% of 50 DAV 50 DAV is 817,000	$177.72 -4.34%	7/26/2024	$173.08	PP = $175.82
								MB = $184.61
Most Recent Note - 8/13/2024 5:19:12 PM G - Posted a gain today rebounding to close just above its 50 DMA line ($169.67) with higher (below-average) volume helping its outlook to improve. >>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure When Poised to Break Out - 7/26/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HWM - NYSE Howmet Aerospace Aerospace/Defense	$95.58	+1.70 1.81%	$95.84	2,144,709 68.46% of 50 DAV 50 DAV is 3,133,000	$97.29 -1.76%	7/30/2024	$93.95	PP = $85.52
								MB = $89.80
Most Recent Note - 8/15/2024 9:18:04 PM Y - Volume totals have been cooling while wedging toward its all-time high. Found prompt support after a pullback tested prior highs in the $85 area defining initial support to watch above its 50 DMA line ($83.49). >>> FEATURED STOCK ARTICLE : Breakaway Gap For Howmet Aerospace - 7/30/2024 \| 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
MELI - NASDAQ MercadoLibre Retail-Internet	$1,996.44	+97.87 5.15%	$1,998.68	519,149 162.23% of 50 DAV 50 DAV is 320,000	$1,923.18 3.81%	8/5/2024	$1,793.73	PP = $1,792.15
								MB = $1,881.76
Most Recent Note - 8/15/2024 12:01:27 PM G - Powering to a new 52-week high with today's big gain. Color code was changed to green after rising above its "max buy" level. Prior highs define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Finished Flat When Poised to Breakout - 8/5/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I

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