FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, MARCH 23RD, 2020

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Indices				NYSE			Nasdaq
DOW	-582.05	18,591.93	-3.04%	Volume	1,584,584,610	-41%	Volume	4,277,976,800	-18%
NASDAQ	-18.85	6,860.67	-0.27%	Advancers	665	23%	Advancers	1,326	40%
S&P 500	-67.52	2,237.40	-2.93%	Decliners	2,263	77%	Decliners	1,995	60%
Russell 2000	-11.49	1,002.40	-1.13%	52 Wk Highs	2		52 Wk Highs	7
S&P 600	-8.92	595.67	-1.48%	52 Wk Lows	805		52 Wk Lows	783

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.

Major Indices Slump Further Due to Increasing Economic Uncertainty
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow fell 582 points to 18,591, touching its lowest level since the 2016 U.S. presidential election earlier in the session. The S&P 500 declined 2.9%, while the Nasdaq Composite edged 0.3% lower. Breadth was negative as decliners led advancers by more than a 3-1 margin on the NYSE and 3-2 on the Nasdaq exchange. The reported volume totals were lighter than the prior session total on the NYSE and on the Nasdaq exchange. Leadership was thin as only one high-ranked company from the Leaders List that hit a new 52-week high and was listed on the BreakOuts Page versus 1 on the prior session. New 52-week lows totals decisively 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 Dow Jones Industrial Average slumped to a new low close. It is -37% off the all-time high hit on 2/12/20.

Stocks finished lower on Monday, as investors weighed the increasing economic damage caused by the coronavirus pandemic against the latest stimulus action from governments and central banks. The Federal Reserve’s announcement of additional support to financial markets offered some reassurance, however risk sentiment was pressured on news that Congress remained unable to pass a stimulus bill.

Perceived safe-haven assets advanced, with COMEX gold notching its best day since March 2009, climbing 5.6%. Treasuries extended a recent rally after the Fed offered unlimited asset purchases to help ensure markets continue to function efficiently. The yield on the 10-year note was down 13 basis points to 0.75%. On the data front, the Chicago Fed revealed economic activity in the region unexpectedly improved in February.

Ten of 11 S&P 500 sectors closed in negative territory, with the Consumer Discretionary group the sole advancer. Energy stocks led decliners despite WTI crude ending the session more than 3% higher. Financials also lagged, while Technology shares outperformed on a relative basis. In corporate news, Boeing (BA +11.17%) rose after announcing a two-week halt to production at its Seattle factories in an effort to reduce costs. Elsewhere, Hasbro (HAS +12.49%) rose after its CEO said its products were seeing robust demand during the virus outbreak.

Today’s losses extend the worst weekly performance for U.S. stocks since 2008, with the S&P 500 shedding 15%.

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 a Standout; Retail and Semiconductors Rise
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Gold & Silver Index ($XAU +6.29%) was a standout gainer. The Bank Index ($BKX -7.22%) and Broker/Dealer Index ($XBD -5.12%) suffered large losses. The Retail Index ($RLX +2.20%) and the Semiconductor Index ($SOX +3.36%) both rose, meanwhile, the Networking Index ($NWX -1.11%) and Biotech Index ($BTK -0.50%) both fell. Energy-linked groups also had a negative bias as the Oil Services Index ($OSX -1.01%) and the Integrated Oil Index ($XOI -3.99%) both fell.

Charts courtesy of www.stockcharts.com

PICTURED: The Networking Index ($NWX -1.11%) is sputtering -35% off its January high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	22.65	-0.23	-1.01%	-71.07%
Integrated Oil	$XOI	491.20	-20.44	-3.99%	-61.34%
Semiconductor	$SOX	1,342.12	+43.58	+3.36%	-27.44%
Networking	$NWX	391.56	-4.41	-1.11%	-32.88%
Broker/Dealer	$XBD	181.64	-9.81	-5.12%	-37.45%
Retail	$RLX	2,023.07	+43.29	+2.19%	-17.40%
Gold & Silver	$XAU	74.66	+4.54	+6.47%	-30.17%
Bank	$BKX	56.19	-4.37	-7.22%	-50.43%
Biotech	$BTK	3,952.22	-19.79	-0.50%	-22.01%

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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