FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, JANUARY 27TH, 2023

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Indices				NYSE			Nasdaq
DOW	+28.67	33,978.08	+0.08%	Volume	766,306,441	-2%	Volume	6,234,467,900	+9%
NASDAQ	+109.30	11,621.71	+0.95%	Advancers	1,741	58%	Advancers	2,543	57%
S&P 500	+10.13	4,070.56	+0.25%	Decliners	1,235	41%	Decliners	1,936	43%
Russell 2000	+8.39	1,911.46	+0.44%	52 Wk Highs	115		52 Wk Highs	128
S&P 600	+4.45	1,248.59	+0.36%	52 Wk Lows	6		52 Wk Lows	40

Major Averages Continue Uptrend With Greater Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow climbed 28 points and notched a 1.8% weekly gain. The Nasdaq Composite advanced 1% and jumped 4.3% for the week despite disappointing fourth-quarter earnings results from some technology companies. The S&P 500 added 0.3% and climbed 2.5% for the week. Volume totals for Friday's session were mixed, lighter than the prior session on the NYSE and higher on the Nasdaq exchange. Breadth was positive as advancers led decliners by almost a 3-2 margin on the NYSE and by a 5-4 margin on the Nasdaq exchange. Leadership improved as there were 50 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page versus the total of 39 on the prior session. New 52-week highs totals solidly outnumbered new 52-week lows on both the NYSE and the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria). Disciplined investors have a green light for making new buys only in stocks matching all key criteria of the fact-based investment system.

Chart courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index posted a 2nd consecutive gain. The benchmark index is now perched -15.5% off its record high hit on 1/04/22.

U.S. equities finished higher Friday amid a rally in technology shares and as investors looked ahead to next week’s Federal Reserve (Fed) meeting. The central bank is widely expected to downshift to a 25 basis point (0.25%) interest rate hike.

On the data front, the Personal Consumption Expenditures (PCE) Deflator, the Fed’s preferred proxy for inflation, eased to 5% year-over-year in December from the prior month’s 5.5% annualized rate. The PCE Deflator also climbed 0.1% month-over-month. Meanwhile, the Core PCE Deflator (which excludes the more volatile food and energy prices) showed prices rose 4.4% year-over-year in December and 0.3% month-over-month. Real personal spending, which is adjusted for inflation, fell more than expected, down 0.3% in December. Elsewhere, pending home sales unexpectedly climbed 2.5% in December, and the University of Michigan’s Consumer Sentiment Index was revised upwards for January. The short- and long-term inflation expectations components were downwardly revised, signaling inflation expectations are continuing to retreat.

Treasuries weakened, with the yield on the 10-year note up two basis points (0.02%) to 3.51%, while the 30-year bond yield was little changed at 3.63%. The yield on the two-year note climbed one basis point (0.01%) to 4.20%. In commodities, West Texas Intermediate (WTI) crude reversed earlier gains to fall 2% to $79.42/barrel amid reports of increased supply out of Russia.

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, Networking, and Bank Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX +1.45%) poste a soliud gain while the Bank Index ($BKX +0.55%) edged higher but the Broker/Dealer Index ($XBD -0.08%) ended slightly inm the red. The tech sector was mixed as the Semiconductor Index ($SOX -0.72%) lost ground and the Biotech Index ($BTK +0.03%) finished flat and the Networking Index ($NWX +0.54%) edged higher. Commodity-linked groups had a negative bias as the Gold & Silver Index ($XAU -1.53%), Oil Services Index ($OSX -0.97%), and Integrated Oil Index ($XOI -1.80%) lost ground.

Chart courtesy of www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX -0.72%) has been rising above its December high. It is above its 50-day and 200-day moving average (DMA) lines whihc have converged in what is technically termed a "golden cross".

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	93.03	-0.91	-0.97%	+10.93%
Integrated Oil	$XOI	1,906.46	-34.86	-1.80%	+6.67%
Semiconductor	$SOX	2,945.27	-21.33	-0.72%	+16.32%
Networking	$NWX	821.08	+4.40	+0.54%	+4.82%
Broker/Dealer	$XBD	487.39	-0.37	-0.08%	+8.52%
Retail	$RLX	3,043.54	+43.55	+1.45%	+10.51%
Gold & Silver	$XAU	134.79	-2.10	-1.53%	+11.53%
Bank	$BKX	112.07	+0.62	+0.55%	+11.13%
Biotech	$BTK	5,591.90	+1.40	+0.03%	+5.89%

Graphic Packaging Perched Near Pivot Point
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Graphic Packaging Hldg (GPK -$0.02 or -0.08% to $23.76) paused today after 5 consecutive gains approaching prior highs. It faces very little resistance due to overhead supply up to the $24 level. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. It was last shown in this FSU section on 1/10/23 with an annotated graph under the headline, "Found Support at 200-Day Moving Average and Still Faces Resistance".

GPK was highlighted in yellow with pivot point cited based on its 9/12/22 high plus 10 cents in the 10/25/22 mid-day report (read here). GPK has a 98 Earnings Per Share Rating. It reported Sep '22 quarterly earnings +79% on +38% sales revenues versus the year ago period. The past 3 quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Its annual earnings history has been good, meeting the fact-based investment system's fundamental guidelines (A criteria).

The Paper & Paper Products group is ranked 122nd on the 197 Industry Groups list and it has a C (39) Group Relative Strength Rating (L criteria). The number of top-rated funds owning its shares rose from 596 in Sep '21 to 707 in Dec '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation over the past 50 days.

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
CMC - NYSE Commercial Metals Co METALS and MINING - Steel and Iron	$54.87	-0.47 -0.85%	$55.71	763,718 73.72% of 50 DAV 50 DAV is 1,036,000	$56.88 -3.53%	10/14/2022	$41.61	PP = $44.45
								MB = $46.67
Most Recent Note - 1/26/2023 5:41:25 PM G - Posted a 2nd consecutive big gain today and finished near the session high but with lighter volume. Its 50 DMA line ($49.81) defines important near-term support to watch on pullbacks. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Pulling Back After Rallying From 50-Day Moving Average Line - 1/18/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
GPK - NYSE Graphic Packaging Hldg CONSUMER NON-DURABLES - Packaging and Containers	$23.76	-0.02 -0.08%	$23.83	2,263,574 78.70% of 50 DAV 50 DAV is 2,876,100	$24.07 -1.29%	10/25/2022	$22.75	PP = $24.17
								MB = $25.38
Most Recent Note - 1/27/2023 5:58:40 PM Y - Paused today after 5 consecutive gains approaching prior highs. Faces very little resistance due to overhead supply up to the $24 level. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Graphic Packaging Perched Near Pivot Point - 1/27/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
GFF - NYSE Griffon Corporation MATERIALS and CONSTRUCTION - General Building Materials	$39.75	-0.06 -0.15%	$40.47	536,372 110.82% of 50 DAV 50 DAV is 484,000	$40.74 -2.43%	11/10/2022	$34.13	PP = $35.02
								MB = $36.77
Most Recent Note - 1/26/2023 5:44:19 PM G - Perched near its 52-week high following today's 4th consecutive small gain with below average volume. Its 50 DMA line ($36.25) defines near-term support above recent lows in the $33.82 area. Reported Sep '22 quarterly earnings +230% on +24% sales revenues versus the year ago period. >>> FEATURED STOCK ARTICLE : Showed Resilience Following Negative Reversal at 52-Week High - 1/19/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CPRX - NASDAQ Catalyst Pharma Inc Medical-Biomed/Biotech	$15.52	-0.47 -2.94%	$16.45	2,907,556 103.14% of 50 DAV 50 DAV is 2,819,000	$22.11 -29.81%	11/22/2022	$17.38	PP = $16.66
								MB = $17.49
Most Recent Note - 1/27/2023 6:01:12 PM Slumped again today and remains well below its 50 DMA line. It will be dropped from the Featured Stocks list tonight. A prompt rebound above the 50 DMA line ($17.69) is needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Decisive Sell Signal Triggered by Considerable Loss on Heavy Volume - 1/23/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TITN - NASDAQ Titan Machinery Inc SPECIALTY RETAIL	$43.19	+0.60 1.41%	$43.96	226,810 94.11% of 50 DAV 50 DAV is 241,000	$44.35 -2.62%	1/13/2023	$40.10	PP = $44.45
								MB = $46.67
Most Recent Note - 1/26/2023 5:48:33 PM Y - Posted a 5th consecutive gain today with near average volume. The prior high in the $38 area defines important support to watch along with its 50 DMA line ($39.24)..A new pivot point was recently cited based on its 12/01/22 high plus 10 cents. >>> FEATURED STOCK ARTICLE : Forming New Base for Past 7 Weeks - 1/13/2023 \| 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
MYE - NYSE Myers Industries Inc Containers/Packaging	$23.71	-0.28 -1.17%	$23.88	80,864 49.01% of 50 DAV 50 DAV is 165,000	$25.55 -7.20%	12/8/2022	$23.94	PP = $25.65
								MB = $26.93
Most Recent Note - 1/26/2023 5:47:32 PM Y - Found support on the prior session while testing support at its 50 DMA line ($23.02). Faces little resistance due to overhead supply up to the $25.50 level. >>> FEATURED STOCK ARTICLE : Myers Quietly Consolidating Within Striking Distance of Prior High - 1/20/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
BOX - NYSE Box Inc Cl A Computer Sftwr-Database	$32.12	+0.17 0.53%	$32.67	1,270,530 96.54% of 50 DAV 50 DAV is 1,316,000	$33.04 -2.78%	12/12/2022	$29.83	PP = $29.57
								MB = $31.05
Most Recent Note - 1/26/2023 5:49:56 PM Y - Posted another gain today with light volume while challenging prior highs in the $31-32 area. Its 50 DMA line ($29.81) defines important near-term support to watch. Faces very little resistance due to overhead supply up to the $32 level. Quarterly and annual earnings increases have been strong and steady. >>> FEATURED STOCK ARTICLE : Perched Above "Max Buy" Level Near Recent Highs - 1/24/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
STRL - NASDAQ Sterling Infrastructure MATERIALS and; CONSTRUCTION - Heavy Construction	$34.50	+0.76 2.25%	$34.89	364,106 164.75% of 50 DAV 50 DAV is 221,000	$34.86 -1.03%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 1/27/2023 6:02:56 PM Y - Posted a gain today with +64% above average volume for a best ever close while rallying above the previously cited pivot point. The 50 DMA line ($32.26) and recent low ($30.60 on 1/19/23) define near-term support levels to watch following its recently noted failed breakout attempt. Highlighted in yellow with pivot point cited based on its 11/08/22 high plus 10 cents in the 12/14/22 mid-day report. Confirming volume-driven gains for a new high would be a reassuring sign of fresh institutional buying demand. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Gain With Average Volume While Perched Near Recent Highs - 1/26/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PERI - NASDAQ Perion Networks Ltd Comml Svcs-Advertising	$33.23	+1.02 3.17%	$33.80	973,797 223.35% of 50 DAV 50 DAV is 436,000	$32.78 1.37%	1/25/2023	$31.79	PP = $33.19
								MB = $34.85
Most Recent Note - 1/27/2023 12:40:59 PM Y - Gain today marked by above average volume hitting new multi-year highs and rising above its pivot point based upon its 11/15/21 high plus 10 cents. Previously noted - "Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Found support near its 50 DMA line since noted in the 12/06/22 mid-day report. Reported Sep '22 quarterly earnings +53% on +31% sales revenues versus the year ago period. Prior quarterly earnings history (C criteria) has been above the +25% minimum. Annual earnings (A criteria) history has been improving steadily after a downturn from FY '15-18." >>> FEATURED STOCK ARTICLE : Spurt of Volume-Driven Gains Challenging Prior High - 1/25/2023 \| 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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