FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - THURSDAY, APRIL 6TH, 2023

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Indices				NYSE			Nasdaq
DOW	+2.57	33,485.29	+0.01%	Volume	760,306,376	-17%	Volume	3,809,591,300	-13%
NASDAQ	+91.09	12,087.96	+0.76%	Advancers	1,621	55%	Advancers	2,507	55%
S&P 500	+14.64	4,105.02	+0.36%	Decliners	1,316	45%	Decliners	2,018	45%
Russell 2000	+2.33	1,754.46	+0.13%	52 Wk Highs	34		52 Wk Highs	58
S&P 600	+0.20	1,150.01	+0.02%	52 Wk Lows	39		52 Wk Lows	174

Major Indices Quietly Finished Mixed for the Week
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow added 2 points while the Nasdaq Composite gained 0.8%. The S&P 500 increased 0.4% with eight of the eleven sectors finishing in positive territory. The Dow notched a weekly gain of 0.6% while the Nasdaq and S&P 500 recorded weekly losses of 1.1% and 0.1% respectively. Volume totals reported were lighter than the prior session on the NYSE and on the Nasdaq exchange as activity cooled ahead of the early weekend for traders. Markets will be closed tomorrow in obervance of Good Friday. Breadth was slightly positive as advancers led decliners by about an 8-7 margin on the NYSE and by 5-4 on the Nasdaq exchange. Leadership was thin as there were 11 high-ranked companies from the Leaders List that hit a new 52-week high and were listed on the BreakOuts Page, versus the total of 13 on the prior session. New 52-week lows totals outnumbered new 52-week highs totals on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria). Appropriate new buying efforts may be considered under the fact-based investment system.

Chart courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index is quietly consolidating above its 50-day moving average (DMA) line after rebounding toward its February high in recent weeks. The benchmark index has not made any real progress since its 50-day moving average (DMA) line crossed above its 200-day moving average, a bullish technical signal termed a "golden cross", unlike the tech-heavy Nasdaq Composite Index which made meaningful progress.

U.S. equities finished higher Thursday to wrap up the shortened holiday week as investors look towards Friday’s labor market readings after recent data showed slight softening in the U.S. economy. March’s change in nonfarm payrolls and private payrolls are forecasted to slightly decline to 230,000 and 220,000 from the prior month’s 311,000 and 265,000 print, respectively. However, March’s unemployment rate is estimated to remain unchanged at 3.6%.

On the data front, initial jobless claims for the week ended April 1 came in at 228,000, down from the prior week’s upwardly revised 246,000 print. Meanwhile, continuing claims for the week ended March 25 jumped up 6,000 versus the prior week’s revised 1.817 million claims. The slight uptick in claims may suggest the labor market, which has remained resilient in the wake of the Fed’s monetary policy, is beginning to soften.

Treasuries finished mixed, with the yield on the 10-year note is unchanged at 3.30%, while the 30-year bond yield fell one basis point (0.01%) to 3.55%. The yield on the two-year note, which is more sensitive to changes in Fed policy, gained three basis points (0.03%) to 3.82%. In commodities, West Texas Intermediate (WTI) crude declined 0.1% to $80.55/barrel but still notched a weekly gain of 6.4%, marking its third-consecutive week of gains.

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.

Financial, Retail, Biotech and Gold & Silver Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +1.05%) outpaced the Broker/Dealer Index ($XBD +0.27%) and the Retail Index ($RLX +0.48%) on Thursday. The Biotech Index ($BTK +1.32%) led the tech sector while the Semiconductor Index ($SOX -0.46%) and Networking Index ($NWX -0.82%) both lost ground. The Oil Services Index ($OSX -1.36%) and Integrated Oil Index ($XOI -1.34%) both lost ground while the Gold & Silver Index ($XAU +0.35%) eked out a small gain.

Chart courtesy of www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +0.27%) has been sputtering since violating its 200-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	79.88	-1.11	-1.36%	-4.74%
Integrated Oil	$XOI	1,778.46	-24.13	-1.34%	-0.49%
Semiconductor	$SOX	3,071.76	-14.21	-0.46%	+21.31%
Networking	$NWX	828.80	-6.87	-0.82%	+5.81%
Broker/Dealer	$XBD	439.00	+1.17	+0.27%	-2.26%
Retail	$RLX	2,953.52	+13.97	+0.48%	+7.24%
Gold & Silver	$XAU	138.69	+0.48	+0.35%	+14.75%
Bank	$BKX	80.42	+0.84	+1.05%	-20.26%
Biotech	$BTK	5,391.84	+70.03	+1.32%	+2.10%

Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Graphic Packaging Hldg (GPK -$0.03 or -0.12% to $25.03)

It was last shown in this FSU section on 2/27/23 with an annotated graph under the headline, "Quietly Lingering Near High With Strong Fundamentals".

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 Dec '22 quarterly earnings +74% on +20% sales revenues versus the year ago period. The past 4 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 D+ (31) Group Relative Strength Rating (L criteria). The number of top-rated funds owning its shares rose from 596 in Sep '21 to 784 in Mar '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 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	$25.06	-0.12 -0.48%	$25.28	3,191,039 98.22% of 50 DAV 50 DAV is 3,249,000	$25.62 -2.19%	10/25/2022	$22.75	PP = $24.17
								MB = $25.38
Most Recent Note - 4/4/2023 8:32:44 PM Y - Pulled back today with light volume breaking a streak of 8 consecutive gains and closing below its "max buy" level. Recent gains lacked great volume conviction. Its 50 DMA line ($23.93) and recent low ($22.99 on 3/16/23) define important near-term support to watch. >>> 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	$34.64	-0.33 -0.94%	$35.15	161,723 59.68% of 50 DAV 50 DAV is 271,000	$42.00 -17.52%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 4/5/2023 6:14:48 PM G - Suffered damaging losses with above-average volume and violated its 50 DMA line ($37.63) triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Volume-Driven 50-Day Moving Average Violation Triggered Sell Signal - 4/5/2023 \| 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	$40.13	-0.37 -0.91%	$40.78	822,301 103.43% of 50 DAV 50 DAV is 795,000	$42.04 -4.54%	1/25/2023	$31.79	PP = $33.19
								MB = $34.85
Most Recent Note - 4/6/2023 1:04:31 PM G - Pulling back today for a 2nd small loss with light volume following volume-driven gains for new all-time highs. Its 50 DMA line ($35.18) defines important near-term support to watch. >>> FEATURED STOCK ARTICLE : Hit Another New High With Gain Backed by Light Volume - 3/31/2023 \| 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	$45.06	-0.55 -1.21%	$45.56	1,026,462 60.59% of 50 DAV 50 DAV is 1,694,000	$48.72 -7.51%	1/31/2023	$37.80	PP = $38.38
								MB = $40.30
Most Recent Note - 4/4/2023 8:15:06 PM G - Pulled back from its all-time high with today's 2nd consecutive loss with below-average volume. It is extended from the previously noted base. Its 50 DMA line ($43.42) and recent low ($41.30 on 3/18/23) define important near-term support to watch on pullbacks. >>> 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	$129.31	-2.31 -1.76%	$132.15	365,717 132.99% of 50 DAV 50 DAV is 275,000	$152.13 -15.00%	2/23/2023	$136.52	PP = $128.78
								MB = $135.22
Most Recent Note - 4/5/2023 12:45:53 PM G - Violated its 50 DMA line ($134.03) and undercut the prior lows with today's big loss triggering a technical sell signal. Prior loss with above-average volume was noted as "action indicative of distributional pressure." Only a prompt rebound above the 50 DMA line would help its outlook improve. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Pullback With Higher Volume While Consolidating - 4/4/2023 \| 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	$81.88	+0.29 0.36%	$82.30	102,034 55.15% of 50 DAV 50 DAV is 185,000	$82.41 -0.64%	3/7/2023	$76.63	PP = $77.11
								MB = $80.97
Most Recent Note - 4/3/2023 12:20:41 PM G - Hitting yet another new all-time high and rising above its "max buy" level with today's 5th consecutive gain backed by above-average volume and its color code is changed to green. On pullbacks, prior highs in the $79-$77 area define initial support to watch above its 50 DMA line ($74.73). >>> 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	$159.85	-3.01 -1.85%	$161.05	2,675,362 99.20% of 50 DAV 50 DAV is 2,697,000	$171.44 -6.76%	3/8/2023	$147.59	PP = $148.67
								MB = $156.10
Most Recent Note - 4/5/2023 6:17:08 PM G - Pulling back from its all-time high with below-average volume. 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 ($145.77). >>> FEATURED STOCK ARTICLE : Pulling Back After Getting Very Extended From Prior Base - 3/28/2023 \| 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	$133.94	-0.13 -0.10%	$135.71	412,201 97.45% of 50 DAV 50 DAV is 423,000	$144.20 -7.12%	3/10/2023	$136.89	PP = $136.74
								MB = $143.58
Most Recent Note - 4/4/2023 8:38:46 PM Y - Pulled back from its all-time high with lighter volume behind today's loss. Its 50 DMA line ($133.71) and recent low ($129.93 on 3/24/23) define near-term support where violations would raise concerns and trigger technical sell signals. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Finding Support Recently at 50-Day Moving Average Line - 3/29/2023 \| 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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