FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Monday, September 30th, 2024

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AFTER MARKET UPDATE - MONDAY, SEPTEMBER 30TH, 2024

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Indices				NYSE			Nasdaq
DOW	+17.15	42,330.15	+0.04%	Volume	1,337,610,774	+41%	Volume	5,904,362,600	+7%
NASDAQ	+69.58	18,189.17	+0.38%	Advancers	1,455	53%	Advancers	2,086	49%
S&P 500	+24.31	5,762.48	+0.42%	Decliners	1,283	47%	Decliners	2,184	51%
Russell 2000	+5.27	2,229.97	+0.24%	52 Wk Highs	193		52 Wk Highs	143
S&P 600	+3.95	1,422.09	+0.28%	52 Wk Lows	14		52 Wk Lows	95

Major Indices Ended Q3 With Additional Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

A late rally effort on Monday finished off a very good third quarter as the market-cap weighted S&P 500 ended with a +5.5% quarterly gain. The volume reported was higher than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by a narrow margin on the NYSE and decliners led advancers by a narrow margin 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 54 on the prior session. New 52-week highs totals contracted yet still solidly 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 S&P 600 Small Cap Index is consolidating within close striking distance of its 2024 high and perched only -3.75% off its November 2021 all-time high.

Nine of the 11 S&P 500 sectors finished in positive territory with gains ranging from +0.1% to +0.8%. The communication services sector (+0.8%) benefitted from gains in Alphabet (GOOG +1.19%) and Meta Platforms (META +0.90%). The energy sector (+0.8%) was also a standout gainer. Meanwhile, the materials sector (-0.6%) and the consumer discretionary sector (-0.3%) were laggards.

Fed Chair Powell told listeners at an NABE Conference that, if the economy evolves as expected, that would mean two more cuts this year of 25 basis points each. The Treasury market reacted with the 2-yr note yield rising nine basis points to 3.65% while the 10-yr note yield jumped five basis points to 3.80%.

An +8.1% gain was logged by China's Shanghai Composite after reports that the People's Bank of China told commercial banks to lower mortgage rates in batches. A Washington Post report said Israel has told the U.S. it is planning an imminent and limited ground operation in Lebanon.

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.

Bank and Biotech Indexes Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.29%) and the Broker/Dealer Index ($XBD -0.19%) both ended slightly lower while the Bank Index ($BKX +0.52%) posted a modest gain on Monday. The tech sector was mixed as the Semiconductor Index ($SOX -0.85%) created a drag while the Biotech Index ($BTK +0.83%) and the Networking Index ($NWX +0.23%) both posted small gains. Commodity-linked groups were mixed as the Gold & Silver Index ($XAU -2.17%) fell while the Oil Services Index ($OSX +0.21%) and the Integrated Oil Index ($XOI +0.37%) both posted small gains.

Chart courtesy of www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI +0.37%) posted a small gain on Monday's session. It has been sputtering below its 50-day and 200-day moving average (DMA) lines in recent weeks.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	76.44	+0.16	+0.21%	-8.87%
Integrated Oil	$XOI	1,879.91	+7.01	+0.37%	+0.94%
Semiconductor	$SOX	5,173.06	-44.17	-0.85%	+23.89%
Networking	$NWX	1,129.83	+2.58	+0.23%	+35.66%
Broker/Dealer	$XBD	690.13	-1.31	-0.19%	+23.84%
Retail	$RLX	4,677.44	-13.65	-0.29%	+20.28%
Gold & Silver	$XAU	158.72	-3.53	-2.17%	+26.28%
Bank	$BKX	114.46	+0.59	+0.52%	+19.21%
Biotech	$BTK	5,922.67	+48.85	+0.83%	+9.30%

Gain With Light Volume for Best-Ever Close
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Howmet Aerospace Inc (HWM +$1.04 or +1.05% to $100.25) posted a gain with below-average volume for a best-ever close. Its 50-day moving average (DMA) line ($93.41) defines near-term support above the recenl low ($90.72 on 9/06/24).

The number of top-rated funds owning its shares rose from 1,609 in Sep '23 to 1,825 in Jun '24, a reassuring sign concerning the I criteria. HWM was highlighted in yellow with pivot point cited based on its 5/28/24 high plus 10 cents in the 7/30/24 mid-day report. It was last shown in this FSU section on 8/29/24 under the headline "Holding Ground Near All-Time High After Pullback Testing Support".

Recent quarterly comparisons through Jun '24 showed earnings increases above the +25% minimum guideline (C criteria) versus the year-ago period. Annual earnings (A criteria) history has improved after a downturn in FY '19-20. It has an Earnings Per Share Rating of 93, well above the 80+ minimum for buy candidates.

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	$97.66	+2.14 2.24%	$97.88	80,994 120.89% of 50 DAV 50 DAV is 67,000	$96.85 0.84%	9/17/2024	$71.26	PP = $87.23
								MB = $91.59
Most Recent Note - 9/30/2024 5:18:18 PM G - Hit another new all-time high with today's gain backed by +22% above-average volume. Prior high in the $87 area defines initial support to watch on pullbacks. >>> 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	$79.28	+0.30 0.38%	$79.84	286,307 44.88% of 50 DAV 50 DAV is 638,000	$81.38 -2.58%	6/11/2024	$59.76	PP = $64.33
								MB = $67.55
Most Recent Note - 9/26/2024 5:49:30 PM G - Volume was light today as it ended slightly lower, hovering near its all-time high. Its 50 DMA line ($71.59) and prior low in the $70 area define important near-term support levels 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	$92.95	-2.01 -2.12%	$97.08	847,646 131.62% of 50 DAV 50 DAV is 644,000	$110.49 -15.87%	7/23/2024	$96.92	PP = $93.39
								MB = $98.06
Most Recent Note - 9/30/2024 5:20:10 PM G - Slumped further below its 50 DMA line ($96.15) with today's loss backed by +31% above-average volume. A rebound above the 50 DMA line is needed for its outlook to improve. Faces near-term resistance due to overhead supply up to the $110 area. >>> 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	$176.60	+1.70 0.97%	$177.06	638,926 86.11% of 50 DAV 50 DAV is 742,000	$180.69 -2.26%	7/26/2024	$173.08	PP = $175.82
								MB = $184.61
Most Recent Note - 9/26/2024 5:57:54 PM Y - Hit a new high with lighter volume behind today's 4th consecutive gain. Recently noted rebound above the 50 DMA line ($168) helped its outlook to improve. Faces no resistance due to overhead supply. >>> FEATURED STOCK ARTICLE : Wedging to New Highs With Quiet Volume Behind Gains - 9/26/2024 \| 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	$100.25	+1.04 1.05%	$100.37	2,004,805 73.03% of 50 DAV 50 DAV is 2,745,000	$100.62 -0.37%	7/30/2024	$93.95	PP = $85.52
								MB = $89.80
Most Recent Note - 9/30/2024 6:04:04 PM G - Volume was light today as it posted a gain for a best-ever close. Its 50 DMA ($93.41) line defines important near-term support above the recent low ($90.72). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Gain With Light Volume for Best-Ever Close - 9/30/2024 \| 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	$2,051.96	-12.75 -0.62%	$2,064.87	398,204 128.04% of 50 DAV 50 DAV is 311,000	$2,161.73 -5.08%	8/5/2024	$1,793.73	PP = $1,792.15
								MB = $1,881.76
Most Recent Note - 9/26/2024 5:52:30 PM G - Volume was average today as it touched a new all-time high but ended slightly lower. Its prior low ($1,966) and 50 DMA line ($1,924) define near-term support levels 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	$29.69	+1.76 6.30%	$29.75	213,237 250.87% of 50 DAV 50 DAV is 85,000	$30.32 -2.08%	9/5/2024	$27.91	PP = $27.60
								MB = $28.98
Most Recent Note - 9/30/2024 5:17:25 PM G - Posted a big gain today with above-average volume for a new high close above its "max buy" level and its color code is changed to green. Prior highs in the $27 area acted as support. Fundamentals remain strong. >>> 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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