FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, September 12th, 2024

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AFTER MARKET UPDATE - THURSDAY, SEPTEMBER 12TH, 2024

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Indices				NYSE			Nasdaq
DOW	+235.06	41,096.77	+0.58%	Volume	862,060,701	-8%	Volume	4,996,366,400	-19%
NASDAQ	+174.15	17,569.68	+1.00%	Advancers	2,108	77%	Advancers	2,617	63%
S&P 500	+41.66	5,595.79	+0.75%	Decliners	626	23%	Decliners	1,544	37%
Russell 2000	+25.57	2,129.42	+1.22%	52 Wk Highs	264		52 Wk Highs	137
S&P 600	+16.55	1,350.23	+1.24%	52 Wk Lows	28		52 Wk Lows	90

Major Indices Rose With Less Volume Conviction
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 (+0.8%), Nasdaq Composite (+1.0%), Dow Jones Industrial Average (+0.6%), and Russell 2000 (+1.1%) settled near their best levels of the session. Volume reported was lighter than the prior session totals on the NYSE and on the Nasdaq exchange, indicative of lackluster institutional buying demand. Breadth was 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. There were 33 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, more than doubling the total of 16 on the prior session. New 52-week highs totals outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed 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 Nasdaq Composite Index posted a gain and closed above its 50-day moving average (DMA) line.

23 of the 30 Dow components settled higher and all 11 S&P 500 sectors registered gains. The communication services (+2.0%) and consumer discretionary (+1.2%) sectors were the top performers. The energy sector was the next best performer. WTI crude oil futures rose 2.5% to $68.97/bbl and natural gas futures settled 4.0% higher at $2.36/mmbtu. The rate-sensitive real estate sector (+0.1%) logged the slimmest gain as market rates moved up slightly. NVIDIA (NVDA +1.92%) posted another solid gain at it is nearly 16% higher than Friday's close.

The 10-yr note yield settled three basis points higher at 3.68% and the 2-yr note yield was unchanged for the day at 3.65%. A fresh $22 billion 30-yr bond sale was met with soft demand.

Initial jobless claims were little changed and remain below recession-like levels at 230,000. The August Producer Price Index reflected moderating inflation at the wholesale level.

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.

Gold & Silver Index Led Retail, Networking, and Energy Indexes Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.23%) posted an influential gain while the Broker/Dealer Index ($XBD +0.52%) edged higher but the Bank Index ($BKX -0.26%) lost a bit of ground. The tech sector was led by the Networking Index ($NWX +3.50%) while the Biotech Index ($BTK +0.07%) finished flat and the Semiconductor Index ($SOX -0.24%) ended slightly in the red. Commodity-linked groups had a positive bias as the Gold & Silver Index ($XAU +5.37%) posted a standout gain as the Oil Services Index ($OSX +0.93%) and the Integrated Oil Index ($XOI +0.98%) both notched smaller gains.

Chart courtesy of www.stockcharts.com

PICTURED: The Networking Index ($NWX +3.50%) posted a gain for a new 2024 high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	73.57	+0.68	+0.93%	-12.29%
Integrated Oil	$XOI	1,837.10	+17.82	+0.98%	-1.36%
Semiconductor	$SOX	4,898.44	-11.73	-0.24%	+17.31%
Networking	$NWX	1,069.85	+36.16	+3.50%	+28.46%
Broker/Dealer	$XBD	660.84	+3.43	+0.52%	+18.58%
Retail	$RLX	4,604.72	+55.77	+1.23%	+18.41%
Gold & Silver	$XAU	156.69	+7.98	+5.37%	+24.66%
Bank	$BKX	108.82	-0.28	-0.26%	+13.33%
Biotech	$BTK	5,798.01	+3.99	+0.07%	+7.00%

New High After Finding Prompt Support Near 50-Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

MakeMyTrip (MMYT +$1.38 or +1.38% to $101.23) posted a 4th consecutive gain today for a new all-time high. Recently it found prompt support near its 50-day moving average (DMA) line ($92.51).

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 in this FSU section on 8/26/24 with an annotated graph under the headline, "Reversed Into Red After Quietly Touching a New High". Through Jun '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 484 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 B- 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	$81.86	+3.02 3.83%	$81.86	27,841 37.62% of 50 DAV 50 DAV is 74,000	$87.13 -6.05%	6/18/2024	$71.26	PP = $75.77
								MB = $79.56
Most Recent Note - 9/12/2024 2:01:31 PM Y - Color code is changed to yellow after gapping up today on track for a 7th consecutive gain, rising above its 50 DMA line ($77.74) helping its outlook improve. Some near-term resistance remains due to overhead supply up to the $87 level. >>> FEATURED STOCK ARTICLE : US Lime & Minerals Lingers Below 50-Day Average - 9/6/2024 \| 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	$74.29	+1.55 2.13%	$74.43	289,939 43.34% of 50 DAV 50 DAV is 669,000	$75.36 -1.42%	6/11/2024	$59.76	PP = $64.33
								MB = $67.55
Most Recent Note - 9/12/2024 5:06:51 PM G - Volume was light behind today's 4th consecutive gain approaching its all-time high. Its 50 DMA line ($68.64) defines inital support to watch on pullbacks above prior highs in the $64 area. >>> FEATURED STOCK ARTICLE : Granite Contruction Closes at All-Time High - 8/30/2024 \| 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	$101.23	+1.38 1.38%	$103.31	606,781 88.45% of 50 DAV 50 DAV is 686,000	$101.50 -0.27%	7/23/2024	$96.92	PP = $93.39
								MB = $98.06
Most Recent Note - 9/12/2024 5:12:51 PM G - Posted a 4th consecutive gain today with near average volume, rising further above its "max buy" level and hitting new 52-week high. Recently retested support near its 50 DMA line ($92.48). Faces no resistance due to overhead supply. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : New High After Finding Prompt Support Near 50-Day Moving Average - 9/12/2024 \| 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	$161.85	-1.11 -0.68%	$164.63	750,555 102.39% of 50 DAV 50 DAV is 733,000	$177.72 -8.93%	7/26/2024	$173.08	PP = $175.82
								MB = $184.61
Most Recent Note - 9/12/2024 5:09:46 PM G - Pulled back today with higher (+18% above-average) volume. Still sputtering below its 50 DMA line ($168) which is now downward sloping and has acted as resistance. A rebound above the 50 DMA line is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Meeting Stubborn Resistance at 50-Day Moving Average - 8/27/2024 \| 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	$94.23	+0.14 0.15%	$95.11	1,694,226 61.39% of 50 DAV 50 DAV is 2,760,000	$98.15 -3.99%	7/30/2024	$93.95	PP = $85.52
								MB = $89.80
Most Recent Note - 9/12/2024 5:07:59 PM G - Posted a 2nd consecutive small gain today with below-average volume after recent losses backed by higher volume. Its 50 DMA ($89) line defines important near-term support above prior highs in the $85 area. >>> FEATURED STOCK ARTICLE : Holding Ground Near All-Time High After Pullback Testing Support - 8/29/2024 \| 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	$2,140.10	+94.22 4.61%	$2,142.59	418,738 133.78% of 50 DAV 50 DAV is 313,000	$2,064.76 3.65%	8/5/2024	$1,793.73	PP = $1,792.15
								MB = $1,881.76
Most Recent Note - 9/12/2024 1:59:03 PM G - Powering to a new all-time high with today's big gain, getting extended from any sound base. Its 50 DMA line ($1,841) and prior highs define support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Pulled Back From New All-Time High - 9/3/2024 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NGVC - NYSE Natural Grocers Retail-Super/Mini Mkts	$27.93	+0.66 2.42%	$28.12	60,463 77.52% of 50 DAV 50 DAV is 78,000	$28.31 -1.34%	9/5/2024	$27.91	PP = $27.60
								MB = $28.98
Most Recent Note - 9/12/2024 5:10:46 PM Y - Posted a 3rd consecutive gain today with below-average volume and finished at a best-ever close. Color code was changed to yellow in the 9/05/24 mid-day report as a valid secondary buy point was noted up to 5% above the prior high since finding support near its 10 WMA line after an earlier breakout. Reported earnings +29% on +10% sales revenues for the Jun '24 quarter versus the year ago period, its 5th consecutive strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been steady. >>> FEATURED STOCK ARTICLE : Following Pullback a Secondary Buy Point Exists - 9/5/2024 \| 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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