FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, APRIL 14TH, 2023

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Indices				NYSE			Nasdaq
DOW	-143.22	33,886.47	-0.42%	Volume	797,222,303	-3%	Volume	4,617,901,400	-5%
NASDAQ	-42.81	12,123.47	-0.35%	Advancers	1,002	35%	Advancers	1,454	33%
S&P 500	-8.58	4,137.64	-0.21%	Decliners	1,881	65%	Decliners	2,945	67%
Russell 2000	-15.53	1,781.15	-0.86%	52 Wk Highs	39		52 Wk Highs	71
S&P 600	-9.27	1,163.71	-0.79%	52 Wk Lows	38		52 Wk Lows	220

Major Indices Slumped With Negative Breadth
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow lost 143 points (-0.4%) while the Nasdaq Composite decreased 0.4%. The S&P 500 declined 0.2%. All three averages notched weekly gains with the Dow up 1.2%, the Nasdaq up 0.3%, and S&P 500 up 0.8%. Volume totals reported were lighter than the prior session on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by almost a 2-1 margin on the NYSE and by more than 2-1 on the Nasdaq exchange. There were 31 high-ranked companies from the Leaders Listthat hit a new 52-week high and were listed on the BreakOuts Page, versus the total of 29 on the prior session. New 52-week highs were evenly matched with new 52-week lows on the NYSE but new lows solidly outnumbered new highs 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 Dow Jones Industrial Average is consolidating above its 50-day moving average (DMA) line, still lingering below its January and February highs.

Seven of the eleven sectors finished in negative territory as U.S. equities closed lower Friday. Weak retail sales and strong corporate earnings.hurt investor sentiment. Even though bank earnings have started off stronger-than-forecasted, analysts expect S&P 500 earnings to fall more than 5% in the first quarter. Meanwhile, Chicago Federal Reserve (Fed) President Austan Goolsbee stated the central bank’s job isn’t over just yet.

On the data front, retail sales fell more than expected, down 1% month-over-month in March after declining 0.4% in the prior month, marking the largest decline since November. Meanwhile, a preliminary reading for the University of Michigan Consumer Sentiment Index showed sentiment ticked higher in April with short-term inflation expectations increasing to 4.6%, its highest jump in nearly two years, while long-term expectations remained unchanged at 2.9%.

Treasuries weakened, with the yield on the 10-year note up six basis points (0.06%) to 3.51%, while the 30-year bond yield increased five basis points (0.05%) to 3.73%. The yield on the two-year note, which is more sensitive to changes in Fed policy, gained 12 basis points (0.12%) to 4.09%. In commodities, West Texas Intermediate (WTI) crude increased 0.6% to $82.63/barrel after the International Energy Agency warned against the Organization of the Petroleum Exporting Countries and their allies’ (OPEC+) production cuts potentially exacerbating a supply deficit. The index recorded a weekly gain of 2.4% for its fourth-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 Indexes Rose While Tech and Gold & Silver Indexes Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +1.09%) and Broker/Dealer Index ($XBD +0.47%) both posted small gains and the Retail Index ($RLX +0.17%) inched higher on Friday. The tech sector had a negative bias as the Networking Index ($NWX -1.01%) and Biotech Index ($BTK -0.74%) both outpaceds the Semiconductor Index ($SOX -0.15%) to the downside. The Gold & Silver Index ($XAU -1.96%) also lost ground while the Oil Services Index ($OSX +0.02%) and Integrated Oil Index ($XOI +0.22%) held their ground.

Chart courtesy of www.stockcharts.com

PICTURED: The Oil Services Index ($OSX +0.02%) remains below its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	82.89	+0.02	+0.02%	-1.15%
Integrated Oil	$XOI	1,829.03	+4.08	+0.22%	+2.34%
Semiconductor	$SOX	3,070.45	-4.49	-0.15%	+21.26%
Networking	$NWX	825.57	-8.43	-1.01%	+5.39%
Broker/Dealer	$XBD	455.35	+2.11	+0.47%	+1.39%
Retail	$RLX	2,978.82	+5.04	+0.17%	+8.16%
Gold & Silver	$XAU	141.54	-2.83	-1.96%	+17.11%
Bank	$BKX	82.98	+0.89	+1.09%	-17.72%
Biotech	$BTK	5,391.43	-40.31	-0.74%	+2.09%

Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

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	$24.76	-0.10 -0.40%	$24.90	2,668,330 83.57% of 50 DAV 50 DAV is 3,193,000	$25.62 -3.36%	10/25/2022	$22.75	PP = $24.17
								MB = $25.38
Most Recent Note - 4/12/2023 5:24:18 PM Y - Still consolidating below its "max buy" level and just -3% below its all-time high. Recent gains lacked great volume conviction. Its 50 DMA line ($24.10) and recent low ($22.99 on 3/16/23) define important near-term support to watch. >>> FEATURED STOCK ARTICLE : Quietly Consolidating Just Below "Max Buy" Level - 4/10/2023 \| 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	$36.72	+0.65 1.80%	$36.76	175,636 67.81% of 50 DAV 50 DAV is 259,000	$42.00 -12.57%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 4/14/2023 3:59:44 PM G - Posting a 5th consecutive gain today with below-average volume. A rebound above the 50 DMA line ($37.72) is needed for its outlook to improve. >>> 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	$40.26	+0.38 0.95%	$40.79	565,881 73.30% of 50 DAV 50 DAV is 772,000	$42.04 -4.23%	1/25/2023	$31.79	PP = $33.19
								MB = $34.85
Most Recent Note - 4/12/2023 5:21:47 PM G - Pulled back today with below-average volume. Volume totals have been cooling while consolidating near its all-time high. Its 50 DMA line ($35.57) 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	$45.04	+0.22 0.49%	$45.99	812,904 53.13% of 50 DAV 50 DAV is 1,530,000	$48.72 -7.55%	1/31/2023	$37.80	PP = $38.38
								MB = $40.30
Most Recent Note - 4/14/2023 3:56:55 PM G - Volume totals have been cooling while still consolidating just above its 50 DMA line ($44.76) which defines important near-term support to watch on pullbacks. More damaging losses would raise concerns and trigger a technical sell signal. >>> FEATURED STOCK ARTICLE : Consolidating Near 50 DMA Line After Recent Rally - 4/11/2023 \| 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	$130.98	-0.77 -0.58%	$134.04	176,900 61.42% of 50 DAV 50 DAV is 288,000	$152.13 -13.90%	2/23/2023	$136.52	PP = $128.78
								MB = $135.22
Most Recent Note - 4/14/2023 3:58:23 PM G - Volume totals have been cooling while still sputtering above prior highs in the $128 area which are acting as support. Only a prompt rebound above the 50 DMA line ($135.36) 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	$83.64	-0.07 -0.08%	$83.75	77,204 41.73% of 50 DAV 50 DAV is 185,000	$84.55 -1.08%	3/7/2023	$76.63	PP = $77.11
								MB = $80.97
Most Recent Note - 4/12/2023 5:20:22 PM G - Hitting new all-time highs with a streak of 11 consecutive gains, getting extended from the prior base. On pullbacks, prior highs in the $79-$77 area define initial support to watch above its 50 DMA line ($75.66). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Streak of 11 Straight Gains into New High Territory - 4/12/2023 \| 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	$163.60	-1.19 -0.72%	$166.84	1,398,337 51.79% of 50 DAV 50 DAV is 2,700,000	$171.44 -4.57%	3/8/2023	$147.59	PP = $148.67
								MB = $156.10
Most Recent Note - 4/13/2023 3:55:47 PM G - Posting a 2nd small gain today 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 important support to watch along with its 50 DMA line ($149.51). >>> 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	$143.54	-0.09 -0.06%	$144.79	300,573 69.42% of 50 DAV 50 DAV is 433,000	$144.20 -0.46%	3/10/2023	$136.89	PP = $136.74
								MB = $143.58
Most Recent Note - 4/12/2023 5:22:48 PM Y - Posted a 3rd consecutive gain today with below-average volume. Found prompt support near its 50 DMA line ($134.57). Below that important short-term average, the recent low ($129.93 on 3/24/23) defines the next important support where a violation would raise concerns and trigger a more worrisome technical sell signal. 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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