FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, MAY 2ND, 2022

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Indices				NYSE			Nasdaq
DOW	+84.29	33,061.50	+0.26%	Volume	1,111,320,653	-19%	Volume	4,826,644,400	+3%
NASDAQ	+201.38	12,536.02	+1.63%	Advancers	1,318	43%	Advancers	2,306	54%
S&P 500	+23.46	4,155.39	+0.57%	Decliners	1,745	57%	Decliners	1,981	46%
Russell 2000	+18.81	1,882.91	+1.01%	52 Wk Highs	13		52 Wk Highs	28
S&P 600	+8.74	1,223.46	+0.72%	52 Wk Lows	628		52 Wk Lows	734

TODAY'S SPECIAL NOTICE

Damage grew greater last 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.

Major Indices Overcame Early Weakness to Post Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The S&P 500 rose 0.6%, recouping a morning retreat of 1.7%. The broad benchmark is trading around its lowest level in a year, coming off its steepest monthly slide since March 2020 (-8.8%) and worst April performance since 1970. The Nasdaq Composite experienced a relief rally, rebounding 1.6% in the final hour of trading after the tech-heavy index suffered its sharpest monthly drawdown since October 2008 (-13.3%). The Dow added 84 points following its fifth straight weekly decline and 4.9% April drop. Volume totals reported were mixed, lighter than the prior session on the NYSE and higher on the Nasdaq exchange. Decliners led advancers by a 4-3 margin on the NYSE while advancers led decliners by a narrow margin on the Nasdaq exchange. There was 1 high-ranked company from the Leaders List that hit a new 52-week high and was listed on the BreakOuts Page, versus 5 on the prior session. New 52-week lows totals expanded and solidly outnumbered shrinking 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 S&P 500 Index managed a "positive reversal" after slumping to a new 2022 low.

U.S. stocks finished higher in another wild session Monday. Treasuries extended their rout, with the yield on the 10-year note climbing seven basis points (0.07%) to 2.99% on the heels of its largest monthly advance since December 2009 (+0.59%). Notably, the benchmark yield breached the 3.00% level for the first time since 2018 during intraday trading.

Six of 11 S&P 500 sectors closed in positive territory, with Communication Services pacing gains. Technology offered another bright spot amid strength in chipmakers. Energy shares also ended higher, with West Texas Intermediate crude adding 0.8% to $105.56/barrel. Bond proxies and defensive groups lagged. In corporate news, Activision Blizzard Inc. (ATVI +3.25%) rose after Berkshire Hathaway Inc.’s CEO Warren Buffett revealed the conglomerate increased its stake in the videogame maker.

On the data front, an update from the Institute for Supply Management (ISM) revealed U.S. manufacturing growth unexpectedly deaccelerated in April, with the purchasing managers’ index (PMI) slipping to the lowest level since 2020 at 55.4. Separately, construction spending rose a smaller-than-expected 0.1% in March. The highlight of this week will be the Federal Reserve’s policy decision, due Wednesday afternoon.

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.

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

The tech sector had a positive bias as the Semiconductor Index ($SOX +3.51%), Networking Index ($NWX +2.30%), and Biotech Index ($BTK +1.96%) posted unanimous gains. The Broker/Dealer Index ($XBD +1.72%) and Bank Index ($BKX +1.11%) both posted gains as they outpaced the Retail Index ($RLX +0.98%). Commodity-linked groups were mixed as the Gold & Silver Index ($XAU -1.47%) lost ground while the Oil Services Index ($OSX -0.05%) finished flat and the Integrated Oil Index ($XOI +1.35%) posted a small gain.

Chart courtesy of www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD +1.72%) managed a "positive reversal" after slumping to a new 2022 low. At the session low it was down -22.1% from the February 2022 high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	74.10	-0.03	-0.05%	+40.55%
Integrated Oil	$XOI	1,566.74	+20.80	+1.35%	+32.98%
Semiconductor	$SOX	3,022.24	+102.50	+3.51%	-23.41%
Networking	$NWX	790.19	+17.76	+2.30%	-18.63%
Broker/Dealer	$XBD	413.26	+6.99	+1.72%	-15.12%
Retail	$RLX	3,305.14	+32.21	+0.98%	-21.80%
Gold & Silver	$XAU	140.51	-2.10	-1.47%	+6.09%
Bank	$BKX	111.28	+1.22	+1.11%	-15.84%
Biotech	$BTK	4,722.58	+90.78	+1.96%	-14.42%

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	$652.02	-7.09 -1.08%	$658.25	730,887 114.38% of 50 DAV 50 DAV is 639,000	$747.42 -12.76%	3/14/2022	$647.95	PP = $673.96
								MB = $707.66
Most Recent Note - 5/2/2022 5:14:17 PM G - Sank further below its 50 DMA line ($671) with today's 2nd consecutive loss on higher volume triggering a technical sell signal and its color code was 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. >>> 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	$94.66	+1.54 1.65%	$95.67	125,459 109.09% of 50 DAV 50 DAV is 115,000	$101.98 -7.18%	4/11/2022	$96.25	PP = $95.75
								MB = $100.54
Most Recent Note - 5/2/2022 5:10:34 PM Y - Pulled back from its all-time high hit after 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	$122.62	-0.64 -0.52%	$125.20	331,170 74.25% of 50 DAV 50 DAV is 446,000	$140.92 -12.99%	4/21/2022	$135.54	PP = $139.10
								MB = $146.06
Most Recent Note - 5/2/2022 5:18:40 PM G - Pulled back on lighter (below average) volume today testing its 200 DMA line ($122.51). Color code is changed to green while slumping below the 50 DMA line ($124) again. >>> 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	$40.30	-1.35 -3.24%	$42.04	918,122 140.17% of 50 DAV 50 DAV is 655,000	$45.77 -11.95%	4/13/2022	$41.79	PP = $43.27
								MB = $45.43
Most Recent Note - 5/2/2022 5:16:06 PM Y - Volume was above average behind today's big loss slumping further below the pivot point and into the prior base raising concerns. Its 50 DMA line ($39.32) defines important near-term support. 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	$19.46	-0.41 -2.06%	$19.82	279,717 72.09% of 50 DAV 50 DAV is 388,000	$21.98 -11.46%	3/8/2022	$18.64	PP = $19.06
								MB = $20.01
Most Recent Note - 5/2/2022 5:11:26 PM Y - Consolidating near its 50 DMA line ($19.31) 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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