FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

<<<Previous Mid Day Report	Next Mid Day Report >>>
<<<Previous After Market Report	Next After Market Report >>>

You are not logged in.
This means you CAN ONLY VIEW reports that were published prior to Wednesday, September 18, 2024.
You MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.

AFTER MARKET UPDATE - MONDAY, AUGUST 26TH, 2024

Previous After Market Report Next After Market Report >>>

Indices				NYSE			Nasdaq
DOW	+65.44	41,240.52	+0.16%	Volume	748,657,700	-8%	Volume	5,162,375,200	-4%
NASDAQ	-152.03	17,725.77	-0.85%	Advancers	1,498	55%	Advancers	1,914	45%
S&P 500	-17.77	5,616.84	-0.32%	Decliners	1,242	45%	Decliners	2,305	55%
Russell 2000	-0.78	2,217.92	-0.04%	52 Wk Highs	342		52 Wk Highs	275
S&P 600	-2.00	1,410.16	-0.14%	52 Wk Lows	12		52 Wk Lows	54

Major Indices Were Mixed as Dow Industrials Hit a New High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 (-0.3%), Nasdaq Composite (-0.9%), and Russell 2000 (-0.04%) settled with losses while the Dow Jones Industrial Average (+0.2%) closed at a new record high. Volume reported was lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 5-4 margin on the NYSE but decliners led advancers by a 6-5 margin on the Nasdaq exchange. There were 113 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus 99 on the prior session. New 52-week highs totals expanded and outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. Bullish action in the major indices recently 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 S&P 500 Index has recently rebounded near its all-time high. It found prompt support well above its 200-day moving average (DMA) line and rebounded above its 50 DMA line.

NVIDIA (NVDA -2.3%) was an influential laggard in front of its earnings report due after Wednesday's close. Meta Platforms (META -1.3%) and Broadcom (AVGO -4.1%) were also among decliners. NVDA shares are still +155.4% higher this year; META shares are up +47.2% in 2024; and AVGO shows a +43.0% gain this year.

The information technology sector (-1.1%) logged the biggest decline among the six S&P 500 sectors that closed lower. The consumer discretionary sector was the next worst performer, dropping -0.8%. Meanwhile, the energy sector showed relative strength, gaining 1.1% today amid rising oil prices. WTI crude oil futures settled +3.4% higher at $77.42/bbl following retaliatory strikes over the weekend by Israel and Hezbollah. Additionally, Libya's eastern government has said it will stop oil production, according to Bloomberg.

Treasury yields were little changed as the 2-yr note yield rose two basis points to 3.82% and the 10-yr note yield settled one basis point higher at 3.82%.

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.

Semiconductor and Retail Indexes Fell; Energy-Liniked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.53%) suffered a modest loss as the Broker/Dealer Index ($XBD -0.16%) and Bank Index ($BKX -0.06%) both ended the session slightly in the red. The tech sector was led lower by the Semiconductor Index ($SOX -2.51%) while the Biotech Index ($BTK -0.09%) finished flat and the Networking Index ($NWX +0.45%)posted a small gain. Energy-linked groups had a positive bias as the Integrated Oil Index ($XOI +0.71%) and the Oil Services Index ($OSX +0.94%) posted gains, meanwhile the Gold & Silver Index ($XAU -0.02%) finished flat.

Chart courtesy of www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD -0.16%) ended the session slightly lower after it hit a new 2024 high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	83.67	+0.78	+0.94%	-0.25%
Integrated Oil	$XOI	2,010.40	+14.21	+0.71%	+7.94%
Semiconductor	$SOX	5,097.35	-131.31	-2.51%	+22.08%
Networking	$NWX	1,032.50	+4.61	+0.45%	+23.98%
Broker/Dealer	$XBD	676.10	-1.06	-0.16%	+21.32%
Retail	$RLX	4,431.13	-23.82	-0.53%	+13.95%
Gold & Silver	$XAU	157.24	-0.03	-0.02%	+25.10%
Bank	$BKX	113.63	-0.07	-0.06%	+18.34%
Biotech	$BTK	5,857.44	-5.53	-0.09%	+8.09%

Reversed Into Red After Quietly Touching a New High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

MakeMyTrip (MMYT -$2.77 or -2.77% to $97.23) had another "negative reversal" today for a loss with light volume after touching a new all-time high. It posted a big gain on 8/21/24 with +34% above-average volume and ended near the session high for a best-ever close. Recently it found prompt support near its 50-day moving average (DMA) line ($89.30).

MMYT finished strong after highlighted in yellow with pivot point cited based on its 7/10/24 high plus 10 cents in the 7/23/24 mid-day report (read here). It was shown in detail that evening with an annotated graph under the headline, "Volume Driven Trip to New Highs". Through Mar '24 its quarterly earnings growth has been strong and well above the +25% minimum guideline (C criteria). After years of steadily shrinking losses it has shown great earnings growth in FY '22 and '23. The company has a 99 Earnings Per Share Rating.

The number of top-rated funds owning its shares rose from 287 in Sep '23 to 469 in Jun '24, a reassuring sign concerning the I criteria. Its small supply of only 72.4 million shares in the public float can contribute to greater price volatility in the event of any institutiuonal buying or selling. It has an A Timeliness Rating and a C+ Accumulation/Distribution Rating.

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
USLM - NASDAQ U.S. Lime & Minerals Bldg-Cement/Concrt/Ag	$81.41	+0.03 0.04%	$83.27	49,644 54.55% of 50 DAV 50 DAV is 91,000	$87.13 -6.56%	6/18/2024	$71.26	PP = $75.77
								MB = $79.56
Most Recent Note - 8/23/2024 4:15:39 PM G - Posted a big gain today backed by below average volume. Volume totals have been cooling while consolidating above its 50 DMA line ($75.77). Near-term resistance remains due to overhead supply up to the $87 level. >>> FEATURED STOCK ARTICLE : Volume Cooling While Consolidating Above 50-Day Moving Average - 8/21/2024 \| 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	$73.53	-0.17 -0.23%	$74.33	493,897 70.46% of 50 DAV 50 DAV is 701,000	$74.57 -1.39%	6/11/2024	$59.76	PP = $64.33
								MB = $67.55
Most Recent Note - 8/21/2024 5:23:16 PM G - Volume was below average behind today's small gain. Prior highs in the $64 area define important support to watch coinciding with its 50 DMA line ($65.28). >>> 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	$97.23	-2.77 -2.77%	$101.50	378,861 54.83% of 50 DAV 50 DAV is 691,000	$100.67 -3.42%	7/23/2024	$96.92	PP = $93.39
								MB = $98.06
Most Recent Note - 8/26/2024 6:33:56 PM Y - There was another "negative reversal" today for a loss with light volume after touching a new all-time high. Posted a big gain on 8/21/24 with +34% above-average volume and ended near the session high for a best-ever close. Recently found prompt support near its 50 DMA line ($89.30). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Reversed Into Red After Quietly Touching a New High - 8/26/2024 \| 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	$167.79	-0.80 -0.47%	$170.41	535,991 66.17% of 50 DAV 50 DAV is 810,000	$177.72 -5.59%	7/26/2024	$173.08	PP = $175.82
								MB = $184.61
Most Recent Note - 8/21/2024 5:24:40 PM G - Posted a gain today with below-average volume. Closed just above its 50 DMA line ($169.51) which is now downward sloping and has acted as resistance. >>> 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	$96.64	-0.44 -0.45%	$97.86	1,653,582 53.90% of 50 DAV 50 DAV is 3,068,000	$97.57 -0.95%	7/30/2024	$93.95	PP = $85.52
								MB = $89.80
Most Recent Note - 8/26/2024 5:14:38 PM G - Color code is changed to green while perched above its "max buy" level near its all-time high. Wedged higher after a pullback tested prior highs in the $85 area coinciding with its 50 DMA line. >>> 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	$2,004.70	+4.39 0.22%	$2,007.65	181,706 57.32% of 50 DAV 50 DAV is 317,000	$2,029.99 -1.25%	8/5/2024	$1,793.73	PP = $1,792.15
								MB = $1,881.76
Most Recent Note - 8/21/2024 5:25:28 PM G - Posted a gain today with light volume, hovering near its 52-week high. 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
PDD - NASDAQ Pinduoduo Inc Cl A Retail-Internet	$100.00	-39.87 -28.51%	$111.67	102,404,199 1,494.58% of 50 DAV 50 DAV is 6,851,700	$164.69 -39.28%	8/22/2024	$146.35	PP = $164.79
								MB = $173.03
Most Recent Note - 8/26/2024 5:12:09 PM G - Gapped down today for a damaging volume-driven loss violating its 50 DMA and 200 DMA lines triggering a technical sell signal and its color code is changed to green. Reported Jun '24 quarterly earnings +122% on +85% sales revenues versus the year-ago period. >>> FEATURED STOCK ARTICLE : Rebounding Toward Prior High With Earnings News Due - 8/22/2024 \| 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.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time. Questions or comments may be submitted by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307 or 954-785-1121.