FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

<<<Previous Mid Day Report	Next Mid Day Report >>>
<<<Previous After Market Report	Next After Market Report >>>

You are not logged in.
This means you CAN ONLY VIEW reports that were published prior to Monday, October 21, 2024.
You MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.

AFTER MARKET UPDATE - THURSDAY, APRIL 2ND, 2020

Previous After Market Report Next After Market Report >>>

Indices				NYSE			Nasdaq
DOW	+469.93	21,413.44	+2.24%	Volume	1,344,689,318	+3%	Volume	3,573,773,900	-3%
NASDAQ	+126.73	7,487.31	+1.72%	Advancers	1,717	59%	Advancers	1,822	56%
S&P 500	+56.40	2,526.90	+2.28%	Decliners	1,178	41%	Decliners	1,407	44%
Russell 2000	+13.81	1,085.81	+1.29%	52 Wk Highs	2		52 Wk Highs	4
S&P 600	+9.63	645.29	+1.51%	52 Wk Lows	117		52 Wk Lows	138

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.

Leadership Remains Elusive as Major Indices Post Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow gained 469 points, while the S&P 500 advanced 2.3%. The Nasdaq Composite added 1.7%, snapping a two-day losing streak. Breadth was slightly positive as advancers led decliners by a 3-2 margin on the NYSE and 9-7 on the Nasdaq exchange. The reported volume totals were mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Leadership remained elusive as not even one high-ranked company from the Leaders List hit new 52-week highs and was listed on the BreakOuts Page, versus 1 on the prior session. New 52-week lows totals still outnumbered the small new 52-week highs totals 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 repeatedly prompted since February 25th to reduce market exposure.

Charts used courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index posted a small gain with lower volume marking Day 8 of the new rally attempt. Disciplined investors know before initiating any new buying efforts to watch for a follow-through day of big confirming gains from the major indices on higher volume coupled with an increase in the number of stocks hitting new highs to signal a valid new market uptrend (M criteria). Confirmation days that come after Day 7 could be worrisome signs of a weaker and less productive market rally. Remember that any sustainable rally requires a healthy crop of new leaders.

U.S. equities finished higher Thursday, following a choppy trading session. Investors weighed the economic impact of rising unemployment claims against positive developments in the Energy sector. President Trump tweeted he expects Saudi Arabia and Russia to cut supply by at least 10 million barrels, raising optimism that the two countries could soon negotiate a deal to end an ongoing price war.

On the data front, the number of Americans filing for unemployment benefits surged to 6.6 million in the week ending March 28, doubling the prior record high of 3.3 million from the previous period. Meanwhile, the U.S. trade deficit narrowed to $39.9 billion in February from the January’s $45.5 billion shortfall. Durable goods orders increased 1.2% in February, while capital goods orders dipped by more than expected. Treasuries fluctuated with the yield on the benchmark 10-year note holding steady at 0.62%.

All 11 S&P 500 sectors finished the session in positive territory, with Consumer Discretionary being the only group to gain less than 1.0%. Energy shares jumped 9.1%, as WTI crude rebounded more than 24% to record its largest single-day gain in history. In corporate news, Chevron (CVX +11.03%) and Exxon Mobil (XOM +7.65%) were the best performing stocks in the Dow. Elsewhere, Boeing (BA -5.68%) fell after announcing a voluntary layoff plan. In earnings, Walgreens (WBA -6.30%) slumped after the drugstore chain admitted the financial impact from COVID-19 remains to be seen.

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.

Commodity-Linked Groups Led Tech, Financial, and Retail
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Commodity-linked groups were standout performers as the Gold & Silver Index ($XAU +4.39%), Oil Services Index ($OSX +6.18%) and the Integrated Oil Index ($XOI +9.09%) posted large gains. The Bank Index ($BKX +2.29%) and Broker/Dealer Index ($XBD +2.28%) both outpaced the Retail Index ($RLX +0.56%). The tech sector was unanimously positive as the Semiconductor Index ($SOX +3.28%), Networking Index ($NWX +2.53%) and the Biotech Index ($BTK +3.11%) each posted a solid gain.

Charts courtesy of www.stockcharts.com

PICTURED: The Networking Index ($NWX +2.53%) still remains well below its 200-day and 50-day moving average (DMA) lines after rebounding from the March 2020 low.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	24.77	+1.44	+6.17%	-68.36%
Integrated Oil	$XOI	651.65	+54.32	+9.09%	-48.71%
Semiconductor	$SOX	1,474.61	+46.88	+3.28%	-20.27%
Networking	$NWX	449.37	+11.07	+2.53%	-22.97%
Broker/Dealer	$XBD	209.60	+4.67	+2.28%	-27.82%
Retail	$RLX	2,131.13	+11.77	+0.56%	-12.99%
Gold & Silver	$XAU	84.50	+3.56	+4.40%	-20.97%
Bank	$BKX	62.33	+1.40	+2.30%	-45.02%
Biotech	$BTK	4,466.88	+134.67	+3.11%	-11.85%

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.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time. Questions or comments may be submitted by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307 or 954-785-1121.