FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, APRIL 29TH, 2022

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Indices				NYSE			Nasdaq
DOW	-939.18	32,977.21	-2.77%	Volume	1,376,008,466	+36%	Volume	4,689,487,100	-6%
NASDAQ	-536.89	12,334.64	-4.17%	Advancers	635	21%	Advancers	1,304	29%
S&P 500	-155.57	4,131.93	-3.63%	Decliners	2,457	79%	Decliners	3,142	71%
Russell 2000	-53.84	1,864.10	-2.81%	52 Wk Highs	24		52 Wk Highs	35
S&P 600	-32.17	1,214.72	-2.58%	52 Wk Lows	332		52 Wk Lows	524

TODAY'S SPECIAL NOTICE

Damage grew greater this week as the market correction (M criteria) saw more widespread losses. Reducing market exposure and raising cash is prudent until a new confirmed rally is noted.

Market Correction Turns Uglier After Amazon Disappoints
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The tech-heavy Nasdaq Composite sank 4.2% on the day and 3.9% for the week, capping its worst monthly performance since October 2008 (-13.3%). The Dow tumbled 939 points, extending its weekly loss to 2.5% and its April drawdown to 4.9%. The S&P 500 retreated 3.6%, posting its fourth consecutive weekly decline (-3.3%) and suffering its worst monthly drop since March 2020 (-8.8%). Volume totals reported were mixed, higher than the prior session on the NYSE and lighter on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 4-1 margin on the NYSE and by a 5-2 margin on the Nasdaq exchange. There were 5 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus 2 on the prior session. New 52-week lows totals still solidly outnumbered new 52-week highs on both the NYSE and the Nasdaq exchange. The major indices are in a noted market correction (M criteria) and the technical damage continued to worsen this week. 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 Nasdaq Composite Index dove to a new 2022 low.

US. stocks ended sharply lower on Friday as Amazon.com (AMZN -14.05%) tumbled and inspired a risk-off mood on Wall Street. The ecommerce giant notched its worst day since 2006 after reporting its first quarterly loss in seven years.

Treasuries weakened, with the yield on the 10-year note rising nine basis points (0.09%) to 2.92%, settling up two basis points (0.02%) for the week. Market participants priced in a more aggressive path of monetary policy tightening by the Federal Reserve (Fed) following an update showing personal spending climbing a bigger-than-expected 1.1% in March. Separately, the core PCE deflator (the Fed’s preferred proxy of inflation) jumped 5.2% year-over-year in March, coming in just below February’s 5.3% annual pace which had marked the highest print since 1983. In commodities, West Texas Intermediate crude slipped 1% to $104.26/barrel, still capping its first five-month winning streak since January 2018.

All 11 S&P 500 sectors closed in negative territory, with ten groups losing more than 2.4%. Consumer Discretionary stocks lagged with a 5.9% drawdown. In other earnings, Apple Inc. (AAPL -3.66%) as disappointing current quarter revenue guidance overshadowed an upbeat profit tally. Intel Corp. (INTC -6.94%) after missing earnings and revenue estimates.

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

The Retail Index ($RLX -9.23%) suffered a standout loss on Friday, substantially influenced by the breakdown in Amazon. The Bank Index ($BKX -3.29%) and Broker/Dealer Index ($XBD -3.21%) both slumped. The tech sector saw unanimous losses from the Semiconductor Index ($SOX -4.47%), Networking Index ($NWX -3.34%), and Biotech Index ($BTK -2.36%). Commodity-linked groups also had a negative bias as the Oil Services Index ($OSX -3.79%), Integrated Oil Index ($XOI -2.26%), and Gold & Silver Index ($XAU -1.02%) each lost ground.

Chart courtesy of www.stockcharts.com

PICTURED: The Retail Index ($RLX -9.23%) gapped down for a decisive breakdown to a new 2022 low. In recent months when it tried to rebound it met stubborn resistance near its 200 DMA line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	74.13	-2.92	-3.79%	+40.62%
Integrated Oil	$XOI	1,545.94	-35.78	-2.26%	+31.21%
Semiconductor	$SOX	2,919.74	-136.62	-4.47%	-26.01%
Networking	$NWX	772.44	-26.67	-3.34%	-20.46%
Broker/Dealer	$XBD	406.28	-13.46	-3.21%	-16.55%
Retail	$RLX	3,272.93	-332.76	-9.23%	-22.56%
Gold & Silver	$XAU	142.61	-1.47	-1.02%	+7.67%
Bank	$BKX	110.06	-3.74	-3.29%	-16.76%
Biotech	$BTK	4,631.80	-112.15	-2.36%	-16.07%

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	$659.11	-16.47 -2.44%	$676.64	673,176 106.35% of 50 DAV 50 DAV is 633,000	$747.42 -11.82%	3/14/2022	$647.95	PP = $673.96
								MB = $707.66
Most Recent Note - 4/29/2022 4:56:05 PM G - Violated its 50 DMA line ($670) with a loss today on higher (near average) volume triggering a technical sell signal and its color code is changed to green. Only a prompt rebound above the 50 DMA line would help its outlook improve. Due to report Mar '22 quarterly results on Wednesday, May 4th. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Testing Support at 50-Day Moving Average Line - 4/28/2022 \| 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	$93.12	-0.93 -0.99%	$94.29	136,295 119.56% of 50 DAV 50 DAV is 114,000	$101.98 -8.69%	4/11/2022	$96.25	PP = $95.75
								MB = $100.54
Most Recent Note - 4/29/2022 4:52:16 PM Y - Sputtering after a "negative reversal" noted on 4/20/22 at its all-time high. 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	$123.26	-3.99 -3.14%	$128.25	470,462 105.25% of 50 DAV 50 DAV is 447,000	$140.92 -12.53%	4/21/2022	$135.54	PP = $139.10
								MB = $146.06
Most Recent Note - 4/29/2022 5:00:21 PM Y - Pulled back on lighter (near average) volume today amid widespread market weakness. A rebound above the 50 DMA line ($124) on the prior session had helped its outlook improve >>> 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	$41.65	-0.49 -1.16%	$42.67	502,024 76.53% of 50 DAV 50 DAV is 656,000	$45.77 -9.00%	4/13/2022	$41.79	PP = $43.27
								MB = $45.43
Most Recent Note - 4/29/2022 4:57:43 PM Y - Volume totals have been cooling since slumping back below the pivot point and into the prior base raising concerns. 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	$19.87	-0.15 -0.75%	$20.28	608,314 160.08% of 50 DAV 50 DAV is 380,000	$21.98 -9.60%	3/8/2022	$18.64	PP = $19.06
								MB = $20.01
Most Recent Note - 4/29/2022 4:53:33 PM Y - Churned higher volume behind today's small loss, still consolidating in an orderly fashion above its 50 DMA line ($19.24) which defines important near term support to watch. More damaging losses would raise concerns and trigger a technical sell signal. >>> 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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