FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, MARCH 16TH, 2020

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Indices				NYSE			Nasdaq
DOW	-2,997.10	20,188.52	-12.93%	Volume	1,886,043,330	-8%	Volume	4,585,766,700	-2%
NASDAQ	-970.29	6,904.59	-12.32%	Advancers	114	4%	Advancers	297	9%
S&P 500	-324.89	2,386.13	-11.98%	Decliners	2,796	96%	Decliners	3,050	91%
Russell 2000	-172.72	1,037.42	-14.27%	52 Wk Highs	0		52 Wk Highs	12
S&P 600	-96.62	629.36	-13.31%	52 Wk Lows	2,002		52 Wk Lows	1,937

TODAY'S SPECIAL NOTICE

During market corrections it is especially important to reduce exposure, preserve your capital, and just be patient. Be safe! Historic studies have shown that the biggest up sessions have occurred during market corrections and bear markets.

Disciplined investors know to wait until a new confirmed rally marked by a solid follow-through day. The bold portion of the daily market commentary will note when that happens. For any clarification or additional help applying the fact-based investment system, we invite members to call, or contact us via the inquiry form.

Market Rout Continues as Decliners Trounce Advancers Yet Again
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 fell 12%, posting its third consecutive move of 9% or more in either direction for the first time since 1929. The Dow slumped 2,997 points to the lowest level since June 2017, while the Nasdaq Composite retreated 12.3%. Breadth was decisively negative as decliners led advancers by a 24-1 margin on the NYSE and by 10-1 on the Nasdaq exchange. The reported volume totals were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Leadership remained thin as for the 3rd consecutive session there were zero high-ranked companies from the Leaders List that hit a new 52-week high and were listed on the BreakOuts Page. New 52-week lows outnumbered new 52-week highs totals which were in the single digits on both the NYSE and on the Nasdaq exchange. The major indices' (M criteria) have been in a noted "market correction" and investors have been prompted since February 25th to reduce market exposure. Disciplined investors know to watch for a follow-through day of gains on higher volume to confirm a new market uptrend before initiating any new buying efforts. The Featured Stocks Page provides the most timely analysis on high-ranked leaders.

Charts used courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index finished -29.7% off the all-time high hit on 2/19/20. It precipitously fell, violating its 50 and 200-day moving average lines and sinking below the October 2019 low.

U.S. stocks experienced their worst day since 1987, as the fallout of the coronavirus pandemic overshadowed the Federal Reserve’s stimulus measures. The sell-off deepened in the final hour of trading, after the Trump administration said the outbreak could last until August or longer. The CBOE Volatility Index, considered Wall Street’s so-called fear gauge, jumped to the highest level since the 2008 Financial Crisis.

On Sunday the Federal Reserve took the historic measure to reduce its benchmark interest rate to a range of 0.00%-0.25% with a 1% interest rate cut. The Fed also pledged $700 billion in quantitative easing, but the measures failed to quell the recent market unrest. In fact, equity markets briefly halted trading at the open, after the S&P 500’s 7% slump triggered the first level of the NYSE circuit breaker for the third time in a week. Treasuries rallied, with the yield on the benchmark 10-year down 26 basis points to 0.73%.

All 11 S&P 500 sectors retreated, with nine groups posting double-digit declines. Consumer Staples outperformed on a relative basis, but still fell 7%. Financials lagged with a 14% decline after major U.S. banks announced they will suspend stock buybacks in an effort to shore up capital reserves. In commodities, WTI crude slid 9.5% to $28.03/barrel, its lowest level in four years. COMEX gold dipped 1.5% to $1,464.50/ounce.

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.

Energy, Financial, Retail, and Tech Indices Suffered Large Losses
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Commodity-linked groups were mixed as the Oil Services Index ($OSX -12.48%) and the Integrated Oil Index ($XOI -14.47%) plunged, meanwhile, the Gold & Silver Index ($XAU +7.00%) posted a gain. The Bank Index ($BKX -16.20%) and Broker/Dealer Index ($XBD -11.73%) both outpaced the Retail Index ($RLX -10.89%) to the downside. The tech sector had a negative bias as the Semiconductor Index ($SOX -15.90%), Networking Index ($NWX -10.07%), and the Biotech Index ($BTK -11.28%) posted unanimous losses.

Charts courtesy of www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD -11.73%) slumped to a new low and is down -43.6% since 2/12/20. Longtime readers of this commentary should recognize that weakness in the financial groups bodes poorly for the broader market outlook, because the financial indices have been very reliable leading indicators for the broader market.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	23.71	-3.38	-12.48%	-69.72%
Integrated Oil	$XOI	542.75	-91.84	-14.47%	-57.28%
Semiconductor	$SOX	1,298.78	-245.48	-15.90%	-29.78%
Networking	$NWX	388.76	-43.54	-10.07%	-33.36%
Broker/Dealer	$XBD	197.54	-26.25	-11.73%	-31.97%
Retail	$RLX	1,949.15	-238.13	-10.89%	-20.42%
Gold & Silver	$XAU	75.18	+4.92	+7.00%	-29.69%
Bank	$BKX	62.47	-12.08	-16.20%	-44.89%
Biotech	$BTK	3,855.67	-489.97	-11.28%	-23.91%

No Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
During extremely bearish markets the number of stocks covered in this area has sometimes been reduced to zero. We suggest making no excuses for weak stocks in weak markets. Feel free to contact us if you have a need for any additional information.

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***

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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