FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, MARCH 24TH, 2023

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Indices				NYSE			Nasdaq
DOW	+132.28	32,237.53	+0.41%	Volume	979,807,711	-9%	Volume	4,283,430,400	-12%
NASDAQ	+36.56	11,823.96	+0.31%	Advancers	1,795	62%	Advancers	2,513	57%
S&P 500	+22.27	3,970.99	+0.56%	Decliners	1,084	38%	Decliners	1,888	43%
Russell 2000	+14.63	1,734.92	+0.85%	52 Wk Highs	23		52 Wk Highs	42
S&P 600	+12.07	1,140.23	+1.07%	52 Wk Lows	260		52 Wk Lows	333

TODAY'S SPECIAL NOTICE

Recent commentaries have noted an ongoing "market correction". No new buying efforts are to be made based on the (M criteria) of the fact-based investment system. Disciplined investors know to reduce market exposure by selling any weakening stocks on a case-by-case basis.

Leadership Was Thin Behind Modest Gains for Major Indices
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow added 132 points (0.4%) while the Nasdaq Composite gained 0.3%. The S&P 500 increased 0.6% with nine of the eleven sectors finishing in positive territory. For the week, the Dow added 1.2%, while the Nasdaq Composite and S&P 500 climbed 1.4% and 1.7%, respectively. Volume totals reported were lighter than the prior session on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 3-2 margin on the NYSE and by a 4-3 margin on the Nasdaq exchange. Leadership thinnned as there were only 6 high-ranked companies from theLeaders List that hit a new 52-week high and were listed on the BreakOuts Page, versus the total of 15 on the prior session. New 52-week lows totals rose and outnumbered shrinking new 52-week highs totals on the NYSE and on the Nasdaq exchange. The major indices are in a market correction (M criteria). Disciplined investors know that in a market correction it is best to avoid new buying efforts and raise safe cash.

Chart courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index posted a small gain on what was Day 10 of its latest rally attempt. Disciplined investors are watching for a solid follow-through day to confirm a new uptrend.

U.S. equities rebounded Friday after a volatile trading day to close in the green following a selloff in Deutsche Bank AG (DB -3.11%) and other European banking shares. Deutsche Bank AG shares tumbled after a jump in their credit default swaps, a form of insurance for a company’s bondholders against its default. European Central Bank (ECB) President Christine Lagard eased concerns by stating the eurozone banks are resilient and the ECB may provide liquidity if needed. Elsewhere, St. Louis Federal Reserve (Fed) President James Bullard announced the central bank may be successful in reigning in the banking sector turmoil while also getting inflation to their 2% goal.

On the data front, March’s preliminary S&P Global US Manufacturing Purchasing Managers’ Index (PMI) unexpectedly ticked higher to 49.3 while the S&P Global Services PMI also climbed, coming in at 53.8, signaling resilience in demand despite the Fed’s efforts to temper it.

Treasuries strengthened, with the yield on the benchmark 10-year note shedding three basis points (0.03%) to 3.37%, while the 30-year bond yield dipped three basis points (0.03%) to 3.64%. The yield on the two-year note slid three basis points (0.03%) to 3.77%. Over in the commodity pits, West Texas Intermediate (WTI) crude fell 1% to $69.26/barrel amid continued recessionary fears. For the week, the domestic benchmark gained 3.8%.

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.

Broker/Dealer Index Weakness Bodes Poorly for Broader Market
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -0.27%) edged lower while the Bank Index ($BKX +0.42%) posted a small gain on Friday. The tech sector was mixed as the Semiconductor Index ($SOX -1.67%) slumped while the Networking Index ($NWX +0.54%) and Biotech Index ($BTK +0.71%) both posted modest gains. The Oil Services Index ($OSX -0.35%) and Integrated Oil Index ($XOI -0.36%) both edged lower while the Gold & Silver Index ($XAU +1.14%) notched a gain.

Chart courtesy of www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD -0.84%) was lower for a 3rd consecutiev session, slumping below its 200-day moving average (DMA) line. The recent low defines near-term support to watch above its September 2022 low. Long time readers know that the financial indexes have been reliable leading indicators, so the recent damage bodes poorly for the broader market outlook.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	72.72	-0.26	-0.35%	-13.29%
Integrated Oil	$XOI	1,619.29	-5.88	-0.36%	-9.40%
Semiconductor	$SOX	3,121.26	-53.10	-1.67%	+23.27%
Networking	$NWX	818.68	+4.42	+0.54%	+4.52%
Broker/Dealer	$XBD	440.43	-3.74	-0.84%	-1.94%
Retail	$RLX	2,846.61	-7.79	-0.27%	+3.36%
Gold & Silver	$XAU	127.03	+1.44	+1.14%	+5.10%
Bank	$BKX	78.39	+0.33	+0.42%	-22.27%
Biotech	$BTK	5,131.57	+36.11	+0.71%	-2.83%

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

Coca Cola Femsa Sab Ads (KOF +$1.71 or +2.22% to $78.66) posted a gain today with near average volume for its best-ever close. On pullbacks, the prior highs in the $77 area define initial support to watch above its 50-day moving average (DMA) line ($73.66).

KOF was highlighted in yellow with pivot point cited based on its 1/24/23 high plus 10 cents in the 3/07/23 mid-day report (read here) and it was shown in greater detail that evening with an annotated graph under the headline, "Mexican Coke Bottler Hits New Multi-Year High".

KOF has a 93 Earnings Per Share Rating. It reported Jun, Sep and Dec '22 quarterly earnings increases above the +25% minimum guideline (C criteria) backed by strong sales revenues growth. Annal earnings had a downturn in FY '20 like many companies during the pandemic.

It hails from the Beverages - Non-Alcoholic group which is currently ranked 74th on the 197 Industry Groups list. There are only 107.1 million shares in the public float (S criteria). The number of top-rated funds owning its shares rose from 120 in Mar '22 to 163 in Dec '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 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
GPK - NYSE Graphic Packaging CONSUMER NON-DURABLES - Packaging and Containers	$24.44	+0.43 1.79%	$24.50	3,083,706 92.85% of 50 DAV 50 DAV is 3,321,000	$25.17 -2.90%	10/25/2022	$22.75	PP = $24.17
								MB = $25.38
Most Recent Note - 3/23/2023 5:27:11 PM Y - Posted a gain today with above-average volume but ended in the lower half of its intraday range and it is still sputtering below the noted pivot point. Its 50 DMA line ($23.50) and recent low ($22.99 on 3/16/23) define important near-term support to watch. More damaging losses would raise greater concerns and trigger a technical sell signal. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Found Encouraging Support Near 50-Day Moving Average Line - 3/21/2023 \| 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	$38.03	+0.13 0.34%	$38.05	259,433 90.39% of 50 DAV 50 DAV is 287,000	$42.00 -9.45%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 3/23/2023 5:23:52 PM G - Pulled back today for a 2nd consecutive loss with below-average volume. Its 50 DMA line ($36.79) defines important near-term support to watch. >>> FEATURED STOCK ARTICLE : Posting Quiet Gains Just Above 50-Day Moving Average Line - 3/20/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PERI - NASDAQ Perion Network Comml Svcs-Advertising	$38.28	+0.07 0.18%	$38.49	636,315 81.58% of 50 DAV 50 DAV is 780,000	$39.53 -3.16%	1/25/2023	$31.79	PP = $33.19
								MB = $34.85
Most Recent Note - 3/23/2023 12:34:03 PM G - Hitting yet another new all-time high with today's 3rd consecutive gain. Found support when recently consolidating above its 50 DMA line ($33.32) and the prior high ($33) which define important near-term support. >>> FEATURED STOCK ARTICLE : Consolidating in an Orderly Manner Above Old High and 50 DMA Line - 3/15/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ALGM - NASDAQ Allegro MicroSystems Elec-Semiconductor Mfg	$46.34	-1.03 -2.17%	$47.32	1,494,248 88.21% of 50 DAV 50 DAV is 1,694,000	$48.30 -4.06%	1/31/2023	$37.80	PP = $38.38
								MB = $40.30
Most Recent Note - 3/23/2023 5:29:25 PM G - Posted a gain today with +20% above average volume for a new all-time high. Wedging higher and getting more extended from the previously noted base. Its 50 DMA line ($41.24) defines initial support above the prior high in the $38 area. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched Near All-Time High - 3/22/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
FIX - NYSE Comfort Systems USA MATERIALS and CONSTRUCTION - General Contractors	$137.89	+2.20 1.62%	$138.45	193,428 75.85% of 50 DAV 50 DAV is 255,000	$152.13 -9.36%	2/23/2023	$136.52	PP = $128.78
								MB = $135.22
Most Recent Note - 3/23/2023 5:30:58 PM G - Consolidating well above its 50 DMA line ($130) and the prior high in the $128 area defining important support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Consolidating Above Support at Prior High and 50-Day Moving Average - 3/16/2023 \| 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
KOF - NYSE Coca-Cola Femsa ADR FOOD and BEVERAGE - Beverages - Soft Drinks	$78.66	+1.71 2.22%	$78.68	193,756 111.35% of 50 DAV 50 DAV is 174,000	$79.16 -0.63%	3/7/2023	$76.63	PP = $77.11
								MB = $80.97
Most Recent Note - 3/22/2023 5:04:56 PM Y - Posted a small gain today with very light volume for its second-best-ever close. Highlighted in yellow with pivot point cited based on its 1/24/23 high plus 10 cents in the 3/07/23 mid-day report. Gains above the pivot point must be backed by at least +40% above average volume to trigger a proper technical buy signal. >>> FEATURED STOCK ARTICLE : Gain for Best-Ever Close With Near Average Volume - 3/24/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ANET - NYSE Arista Networks Computer-Networking	$168.94	-0.45 -0.27%	$169.95	2,485,853 96.84% of 50 DAV 50 DAV is 2,567,000	$171.44 -1.46%	3/8/2023	$147.59	PP = $148.67
								MB = $156.10
Most Recent Note - 3/23/2023 5:30:22 PM G - Hit another new all-time high today. Very extended from any sound base after an impressive spurt of volume-driven gains. Prior highs in the $148-145 area define initial support to watch above its 50 DMA line ($136.91). Broader market weakness (M criteria) has been noted as a "correction" that has raised concerns. >>> FEATURED STOCK ARTICLE : Arista Challenging All-Time High - 3/8/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CLH - NYSE Clean Harbors Pollution Control	$131.11	-1.61 -1.21%	$131.99	436,152 107.69% of 50 DAV 50 DAV is 405,000	$140.69 -6.81%	3/10/2023	$136.89	PP = $136.74
								MB = $143.58
Most Recent Note - 3/22/2023 5:02:06 PM Y - Pulled back today for a loss with +20% above average volume. Fundamentals remain strong. Its 50 DMA line ($131.18) defines important near-term support to watch. >>> FEATURED STOCK ARTICLE : Pullback to Support Marked Secondary Buy Point; Market Concerns Rose - 3/10/2023 \| 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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