FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - THURSDAY, APRIL 21ST, 2022

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Indices				NYSE			Nasdaq
DOW	-368.03	34,792.76	-1.05%	Volume	956,553,467	+12%	Volume	5,205,587,700	+14%
NASDAQ	-278.41	13,174.65	-2.07%	Advancers	590	19%	Advancers	1,034	23%
S&P 500	-65.79	4,393.66	-1.48%	Decliners	2,586	81%	Decliners	3,423	77%
Russell 2000	-46.72	1,991.46	-2.29%	52 Wk Highs	169		52 Wk Highs	100
S&P 600	-20.71	1,292.39	-1.58%	52 Wk Lows	251		52 Wk Lows	491

Major Averages Made a Negative Reversal With Poor Internals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow slid 368 points, erasing a more than 300 point rally. The S&P 500 lost 1.5%, while the Nasdaq Composite dropped 2.1% to turn negative for the week. Volume totals reported were higher than the prior session on the NYSE and on the Nasdaq exchange, indicative of an increase in institutional selling pressure termed "distribution". Breadth was negative as decliners led advancers by more than a 4-1 margin on the NYSE and by more than 3-1 on the Nasdaq exchange. There were 77 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus 69 on the prior session. New 52-week lows expanded and outnumbered new 52-week highs on both the NYSE and the Nasdaq exchange. The major indices' uptrend came under greater pressure having the overall look of a more worrisome market correction (M criteria). Strict followers of the fact-based investment system know to use great caution and always be prepared to reduce exposure by selling any weakening stocks on a case-by-case basis.

Chart courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index has been sputtering below its 50-day and 200-day moving average (DMA) lines.

U.S. stocks ended broadly lower on Thursday as investors assessed commentary from Federal Reserve (Fed) Chair Jerome Powell and monitored another jump in Treasury yields. The Fed chief indicated that front-loading the current tightening cycle could be warranted to combat high inflation. Powell also confirmed that a larger-than-normal 0.50% rate hike would remain an option for the May meeting. All three major averages staged a sharp reversal from earlier gains that had come on the back of strong corporate earnings results.

Treasuries resumed their downtrend, with yield on the 10-year note up five basis points (0.05%) to 2.89%. The more Fed-sensitive two-year note yield spiked nine basis points (0.09%) to 2.66%. Meanwhile, the 30-year fixed mortgage rate increased to 5.11% in the last week, the highest level since April 2010. On the data front, weekly initial jobless claims came in at 184,000, underscoring a tight labor market. Separately, the leading index climbed 0.3% last month, while a gauge of the business outlook in the Philadelphia region declined more than expected in April.

All 11 S&P 500 sectors finished in negative territory. Airlines offered a bright spot after both American Airlines Group Inc. (AAL +3.80%) and United Airlines Holdings Inc. (UAL +9.31%) provided positive current-quarter guidance. In other earnings, Tesla Inc. (TSLA +3.23%) rose after easily topping analyst expectations with a record profit. AT&T Inc. (T +4.01%) rose following an upbeat report that included a larger-than-anticipated rise in monthly phone subscribers.

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, Tech, Retail, and Financial Indexes Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Commodity-linked groups suffered big losses as the Gold & Silver Index ($XAU -5.29%) outpaced the Oil Services Index ($OSX -3.82%) and Integrated Oil Index ($XOI -3.24%) to the downside. The tech sector saw unanimous losses from the Semiconductor Index ($SOX -2.66%), Networking Index ($NWX -2.51%), and the Biotech Index ($BTK -2.15%). The Retail Index ($RLX -2.63%), Broker/Dealer Index ($XBD -2.78%), and Bank Index ($BKX -1.81%) rounded out a solidly negative session with losses.

Chart courtesy of www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU -5.29%) has abruptly retreated toward its 50-day moving average (DMA) line, down -8.7% from Monday's high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	81.23	-3.22	-3.82%	+54.08%
Integrated Oil	$XOI	1,599.58	-53.59	-3.24%	+35.76%
Semiconductor	$SOX	3,058.74	-83.46	-2.66%	-22.49%
Networking	$NWX	834.00	-21.45	-2.51%	-14.12%
Broker/Dealer	$XBD	440.74	-12.61	-2.78%	-9.47%
Retail	$RLX	3,698.40	-99.90	-2.63%	-12.49%
Gold & Silver	$XAU	156.48	-8.74	-5.29%	+18.14%
Bank	$BKX	119.01	-2.19	-1.81%	-9.99%
Biotech	$BTK	5,000.37	-109.92	-2.15%	-9.39%

Approaching Prior Highs Where it Met Resistance
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Wesco International Inc (WCC +$2.70 or +2.07% to $133.18) churned +36% above average volume today but ended near the session low. It was highlighted in today's mid-day report in yellow with pivot point cited based on its 1/05/22 high plus 10 cents (read here). Prior highs in the $139-140 area were stubborn resistance. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. It found support near its 200-day moving average (DMA) line in recent weeks.

The Electronic - Parts firm reported strong Mar, Jun, Sep, and Dec '21 quarterly results versus the year ago periods, well above the +25% minimum guideline. Annual earnings growth has been steady. It has an Earnings Per Share Rating of 95.

There is a small supply of only 50.7 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 489 in Jun '21 to 551 in Mar '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication of near neutral activity concerning accumulation/distribution 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
REGN - NASDAQ Regeneron Pharmaceutical DRUGS - Biotechnology	$706.11	-13.51 -1.88%	$725.32	535,113 79.75% of 50 DAV 50 DAV is 671,000	$747.42 -5.53%	3/14/2022	$647.95	PP = $673.96
								MB = $707.66
Most Recent Note - 4/21/2022 6:39:18 PM Y - Fell below its "max buy" level today with below average volume and its color code is changed to yellow. Volume totals have been cooling while consolidating.. Prior highs ($686 and $673) define initial support to watch above its 50 DMA line ($664.75). >>> FEATURED STOCK ARTICLE : Volume Totals Have Been Light While Hovering at All-Time High - 4/4/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
IMKTA - NASDAQ Ingles Markets Inc Cl A RETAIL - Grocery Stores	$99.33	-0.07 -0.07%	$100.43	91,297 79.39% of 50 DAV 50 DAV is 115,000	$100.04 -0.71%	4/11/2022	$96.25	PP = $95.75
								MB = $100.54
Most Recent Note - 4/21/2022 6:33:15 PM Y - Holding its ground stubbornly below its "max buy" level with lighter volume totals since hitting new 52-week highs with two consecutive volume-driven gains. Highlighted in yellow with pivot point cited based on its 3/21/22 high after a cup-with-high-handle base pattern. Subsequent gains backed by at least +40% above average volume may clinch a convincing technical buy signal. Reported Dec '21 earnings +31% on +17% sales revenues versus the year ago period. Three of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings growth (A criteria) has been very strong in recent years. >>> FEATURED STOCK ARTICLE : Closed Near Session Low and Below Pivot Point Cited - 4/11/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
WCC - NYSE Wesco International Inc WHOLESALE - Electronics Wholesale	$133.18	+2.70 2.07%	$136.39	661,067 147.23% of 50 DAV 50 DAV is 449,000	$140.92 -5.49%	4/21/2022	$135.54	PP = $139.10
								MB = $146.06
Most Recent Note - 4/21/2022 6:13:05 PM Y - Churned +36% above average volume today but ended near the session low after highlighted in the mid-day report in yellow with pivot point cited based on its 1/05/22 high plus 10 cents. Prior highs in the $139-140 area were stubborn resistance. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Found support near its 200 DMA line in recent weeks. Reported strong Mar, Jun, Sep, and Dec '21 quarterly results versus the year ago periods, well above the +25% minimum guideline. Annual earnings growth has been steady. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Approaching Prior Highs Where it Met Resistance - 4/21/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SMPL - NASDAQ Simply Good Foods Co Food-Confectionery	$43.19	-1.13 -2.55%	$44.77	742,507 115.30% of 50 DAV 50 DAV is 644,000	$45.14 -4.32%	4/13/2022	$41.79	PP = $43.27
								MB = $45.43
Most Recent Note - 4/21/2022 6:02:07 PM Y - Following a "negative reversal" at its 52-week high on the prior session it pulled back today with average volume. Prior high in the $43 area defines initial support to watch. Reported Feb '22 quarterly earnings +44% on +29% sales revenues versus the year ago period, its 4th strong quarterly comparison. >>> FEATURED STOCK ARTICLE : Simply Good Foods Had a Great Breakout - 4/14/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
IMXI - NASDAQ International Money Exp Financial Svcs-Specialty	$20.51	-0.23 -1.11%	$21.22	214,622 58.01% of 50 DAV 50 DAV is 370,000	$21.98 -6.69%	3/8/2022	$18.64	PP = $19.06
								MB = $20.01
Most Recent Note - 4/21/2022 6:36:03 PM G - Volume totals are cooling while consolidating in a tight range. Prior highs coincide with its 50 DMA line ($18.77) defining important near term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Consolidating After Rally From Previously Noted Base - 4/18/2022 \| 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

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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