FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Monday, September 16th, 2024

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AFTER MARKET UPDATE - MONDAY, SEPTEMBER 16TH, 2024

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Indices				NYSE			Nasdaq
DOW	+228.30	41,622.08	+0.55%	Volume	797,990,610	-3%	Volume	4,689,884,900	-4%
NASDAQ	-91.85	17,592.13	-0.52%	Advancers	1,960	71%	Advancers	2,267	53%
S&P 500	+7.17	5,633.19	+0.13%	Decliners	807	29%	Decliners	1,978	47%
Russell 2000	+6.68	2,189.17	+0.31%	52 Wk Highs	419		52 Wk Highs	312
S&P 600	+5.41	1,389.45	+0.39%	52 Wk Lows	10		52 Wk Lows	100

Major Indices were Mixed as Mega Caps Pulled Nasdaq Composite Down
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow Jones Industrial Average rose 228 points and closed at a fresh record high. The S&P 500 Index rose +0.1%, but the Nasdaq Composite Index fell -0.5%.Volume reported was lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 2-1 margin on the NYSE and by a narrower margin on the Nasdaq exchange. There were 103 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 79 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). 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 4th consecutive gain, making steady progress since testing support at its 50-day moving average (DMA) line, and hitting a new all-time high.

Nasdaq's performance suffered as Apple (AAPL -2.78%), NVIDIA (NVDA -1.95%), and Broadcom (AVGO -2.19%) were influential decliners. The S&P 500 information technology sector (-1.0%) had a weak showing due to losses in the aforementioned names. Consumer discretionary was the only other sector to log a decline, settling -0.3% lower.

Broad buying activity helped nine sectors rise. The financial sector was the top performer with a +1.22% gain. The energy sector was the next best performer, jumping +1.2% amid rising oil prices. WTI crude oil futures settled 2.2%, or $1.54, higher at $70.22/mmbtu.

Expectations have been building for a 50 basis points rate cut at this week's FOMC meeting. The fed funds futures market now sees a 65.0% probability of a 50 basis points cut on Wednesday, up from 30.0% one week ago, according to the CME FedWatch Tool. The Treasury market and US dollar have reacted. The 10-yr yield settled three basis points lower at 3.62% and the 2-yr yield settled two basis points lower at 3.56%. The U.S. Dollar Index fell 0.4% to 100.76.

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.

Financial, Energy, and Networking Indexes Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +1.17%) and the Bank Index ($BKX +1.48%) again posted influential gains, meanwhile the Retail Index ($RLX -0.43%) edged lower. The tech sector was mixed as the Networking Index ($NWX +1.64%) outpaced the Biotech Index ($BTK +0.40%), but the Semiconductor Index ($SOX -1.41%) lost ground. Commodity-linked groups were mixed as the Gold & Silver Index ($XAU -0.45%) edged lower while the Oil Services Index ($OSX +2.53%) and the Integrated Oil Index ($XOI +0.72%) both notched gains.

Chart courtesy of www.stockcharts.com

PICTURED: The Bank Index ($BKX +1.48%) posted a small gain, rebounding above its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	75.59	+1.86	+2.53%	-9.89%
Integrated Oil	$XOI	1,861.76	+13.20	+0.71%	-0.04%
Semiconductor	$SOX	4,910.44	-70.04	-1.41%	+17.60%
Networking	$NWX	1,094.22	+17.64	+1.64%	+31.39%
Broker/Dealer	$XBD	679.94	+7.85	+1.17%	+22.01%
Retail	$RLX	4,599.59	-19.96	-0.43%	+18.28%
Gold & Silver	$XAU	159.66	-0.73	-0.46%	+27.02%
Bank	$BKX	111.44	+1.63	+1.49%	+16.06%
Biotech	$BTK	5,906.09	+24.96	+0.42%	+8.99%

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	$84.98	+0.15 0.18%	$85.60	52,933 71.53% of 50 DAV 50 DAV is 74,000	$87.13 -2.47%	6/18/2024	$71.26	PP = $75.77
								MB = $79.56
Most Recent Note - 9/13/2024 2:53:19 PM Y - Color code was changed to yellow during its streak of 8 consecutive gains, rising above its 50 DMA line ($78) helping its outlook improve. Little 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	$77.30	+0.93 1.22%	$77.78	253,242 37.02% of 50 DAV 50 DAV is 684,000	$76.92 0.49%	6/11/2024	$59.76	PP = $64.33
								MB = $67.55
Most Recent Note - 9/13/2024 2:50:57 PM G - Volume is below average behind today's 5th consecutive gain as it is rising to a new all-time high. Its recent low ($70.54 on 9/06/24) and 50 DMA line ($69) define near-term support to watch on pullbacks. >>> 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	$103.37	+0.58 0.56%	$105.44	533,618 77.56% of 50 DAV 50 DAV is 688,000	$104.35 -0.94%	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	$163.30	-0.62 -0.38%	$167.44	850,635 114.18% of 50 DAV 50 DAV is 745,000	$177.72 -8.11%	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	$95.14	-0.14 -0.15%	$96.55	1,596,096 57.62% of 50 DAV 50 DAV is 2,770,000	$98.15 -3.07%	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	$2,105.51	-16.86 -0.79%	$2,128.83	214,104 67.54% of 50 DAV 50 DAV is 317,000	$2,143.96 -1.79%	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	$29.30	+0.67 2.34%	$29.49	58,418 73.02% of 50 DAV 50 DAV is 80,000	$29.36 -0.20%	9/5/2024	$27.91	PP = $27.60
								MB = $28.98
Most Recent Note - 9/16/2024 5:23:46 PM Y - Hit another new 52-week high with today's 5th consecutive gain backed by below-average volume. 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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