FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, APRIL 22ND, 2022

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Indices				NYSE			Nasdaq
DOW	-981.36	33,811.40	-2.82%	Volume	1,000,371,617	+5%	Volume	4,379,257,800	-16%
NASDAQ	-335.36	12,839.29	-2.55%	Advancers	485	15%	Advancers	1,145	26%
S&P 500	-121.88	4,271.78	-2.77%	Decliners	2,662	85%	Decliners	3,208	74%
Russell 2000	-50.80	1,940.66	-2.55%	52 Wk Highs	20		52 Wk Highs	43
S&P 600	-31.96	1,260.43	-2.47%	52 Wk Lows	412		52 Wk Lows	643

TODAY'S SPECIAL NOTICE

Damaging losses have signaled a market correction. Limiting losses and reducing market exposure is prudent until a new confirmed rally is noted.

Major Indices Dive into Deeper Correction
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow lost 981 points in its worst day since October 2020, weathering a fourth consecutive weekly decline (-1.9%). The S&P 500 fell 2.8%, while the Nasdaq Composite retreated 2.6%, dragging their five-day slide to 2.8% and 3.8%, respectively. Both benchmarks suffered their third straight weekly drawdown, their longest such losing streak since January. 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 clearly negative as decliners led advancers by more than a 5-1 margin on the NYSE and by nearly 3-1 on the Nasdaq exchange. There were 10 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, down from 77 on the prior session. New 52-week lows expanded and outnumbered shrinking new 52-week highs on both the NYSE and the Nasdaq exchange. The damage to the major indices signaled a 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 Dow Jones Industrial Average abruptly reversed and violated both its 200-day and 50-day moving average (DMA) lines.

U.S. stocks finished near session lows on Friday amid anxiety over looming central bank interest rate hikes. The mega-cap Nasdaq 100’s 2.7% drop left the index nearly 10% lower month-to-date. The CBOE Volatility Index (VIX) climbed to a one-month high, while a gauge of the U.S. dollar soared 0.6% to a July 2020 peak.

Yesterday, Federal Reserve (Fed) Chair Jerome Powell confirmed that a 0.50% rate hike was “on the table” for the May 4 policy decision as officials prioritized the fight against inflation. Traders moved to price in a larger-than-normal 0.50% rate increase at each of the Fed’s upcoming meetings in May, June, July, and September. Shorter-dated Treasuries extended their rout, with the more Fed-sensitive two-year note yield ascending to 2.69%, capping a 24-basis point (0.24%) weekly spike. On the data front, flash readings from S&P Global revealed the U.S. manufacturing and services sectors remained in expansionary territory in April, with growth in the former unexpectedly accelerating.

All 11 S&P 500 sectors closed in negative territory with Health Care among the worst performers. HCA Healthcare Inc. (HCA -21.82%) and Intuitive Surgical Inc. (ISRG -14.34%) both fell on downbeat results. Elsewhere, Verizon Communications Inc. (VZ -5.54%) after slashing its full-year revenue forecast. Kimberly-Clark Corp. (KMB +8.13%) bucked the downtrend, rising following a boost to its 2022 sales projections.

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.

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

The Gold & Silver Index ($XAU -3.41%), Oil Services Index ($OSX -2.85%), and Integrated Oil Index ($XOI -2.82%) each lost ground. The Semiconductor Index ($SOX -2.25%), Networking Index ($NWX -1.67%), and Biotech Index ($BTK -2.17%) each fell. Losses for the Broker/Dealer Index ($XBD -3.28%), Bank Index ($BKX -2.48%) and Retail Index ($RLX -2.97%) rounded out the thoroughly negative Friday session.

Chart courtesy of www.stockcharts.com

PICTURED: The Networking Index ($NWX -1.67%) has been slumping below its 50-day and 200-day moving average (DMA) lines toward prior lows.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	78.91	-2.32	-2.85%	+49.69%
Integrated Oil	$XOI	1,554.52	-45.07	-2.82%	+31.94%
Semiconductor	$SOX	2,989.83	-68.91	-2.25%	-24.23%
Networking	$NWX	820.08	-13.92	-1.67%	-15.55%
Broker/Dealer	$XBD	426.30	-14.44	-3.28%	-12.44%
Retail	$RLX	3,588.72	-109.68	-2.97%	-15.09%
Gold & Silver	$XAU	151.14	-5.34	-3.41%	+14.11%
Bank	$BKX	116.05	-2.95	-2.48%	-12.23%
Biotech	$BTK	4,891.71	-108.66	-2.17%	-11.36%

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
REGN - NASDAQ Regeneron Pharmaceutical DRUGS - Biotechnology	$688.08	-18.03 -2.55%	$709.06	609,366 91.63% of 50 DAV 50 DAV is 665,000	$747.42 -7.94%	3/14/2022	$647.95	PP = $673.96
								MB = $707.66
Most Recent Note - 4/22/2022 5:32:15 PM Y - Pulled back further today with higher (near average) volume. Prior highs ($686 and $673) define initial support to watch above its 50 DMA line ($666). >>> 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	$96.12	-3.21 -3.23%	$99.49	86,066 74.84% of 50 DAV 50 DAV is 115,000	$101.98 -5.75%	4/11/2022	$96.25	PP = $95.75
								MB = $100.54
Most Recent Note - 4/22/2022 5:29:17 PM Y - Consolidating 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	$125.68	-7.50 -5.63%	$131.62	355,795 78.37% of 50 DAV 50 DAV is 454,000	$140.92 -10.81%	4/21/2022	$135.54	PP = $139.10
								MB = $146.06
Most Recent Note - 4/22/2022 12:26:32 PM Y - Slumping for a big loss today with very light volume. Churned +36% above average volume on the prior session 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 an 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	$42.25	-0.94 -2.18%	$43.29	871,738 133.91% of 50 DAV 50 DAV is 651,000	$45.77 -7.69%	4/13/2022	$41.79	PP = $43.27
								MB = $45.43
Most Recent Note - 4/22/2022 5:34:32 PM Y - Today marked a 3rd consecutive loss with above average volume following a "negative reversal" at its 52-week high. 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	$19.72	-0.79 -3.85%	$20.45	167,365 44.99% of 50 DAV 50 DAV is 372,000	$21.98 -10.28%	3/8/2022	$18.64	PP = $19.06
								MB = $20.01
Most Recent Note - 4/22/2022 5:30:46 PM Y - Color code is changed to yellow after pulling back below its "max buy" level. Volume totals are cooling while consolidating. Prior highs coincide with its 50 DMA line ($18.85) 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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