FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - TUESDAY, MAY 2ND, 2023

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Indices				NYSE			Nasdaq
DOW	-367.17	33,684.53	-1.08%	Volume	977,349,198	+22%	Volume	5,541,983,800	+6%
NASDAQ	-132.09	12,080.51	-1.08%	Advancers	588	20%	Advancers	1,259	28%
S&P 500	-48.29	4,119.58	-1.16%	Decliners	2,288	80%	Decliners	3,167	72%
Russell 2000	-37.10	1,732.11	-2.10%	52 Wk Highs	38		52 Wk Highs	63
S&P 600	-21.39	1,125.75	-1.86%	52 Wk Lows	145		52 Wk Lows	442

Breadth Negative as Major Indices Pull Back With Less Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow Jones Industrial Average and the Nasdaq Composite both shed -1.1% while the S&P 500 declined -1.2%. 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. Breadth was clearly negative as decliners led advancers by almost a 4-1 margin on the NYSE and by a 5-2 margin on the Nasdaq exchange. Leadership thinned as there were 18 high-ranked companies from the Leaders List that hit a new 52-week high and were listed on the BreakOuts Page, versus the total of 44 on the prior session. New 52-week lows totals expanded and outnumbered new highs on the NYSE and on the Nasdaq exchange.The major indices are in an uptrend under pressure (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 pulled back toward its 50-day moving average (DMA) line and yet it is perched just -3% off its December high.

Ten of 11 sectors ended in negative territory as U.S. equities finished lower Tuesday. Concerns over the outlook for regional banks sent the Financial sector lower. Investors also were looking ahead to the Federal Reserve (Fed) monetary policy decision due Wednesday afternoon. The central bank is widely expected to raise interest rates by 25 basis points (0.25%), bringing them to a 16-year high. Market participants will parse through Fed Chair Jerome Powell’s post-meeting comments for any clues as to the future course of monetary policy.

On the data front, the Job Openings and Labor Turnover Survey (JOLTS) job openings data showed openings fell more than expected in March while layoffs climbed, signaling a softening labor market. Factory orders climbed 0.9% in March after falling 1.1% in February. Meanwhile, the final March update for durable goods orders came in unchanged at 3.2%, while capital goods orders ticked lower to -0.6%. Treasuries strengthened, the yield on the benchmark 10-year note fell 15 basis points (0.15%) to 3.43%, while the yield on the 30-year bond shed 12 basis points (0.12%) to 3.71%. The yield on the two-year note declined 16 basis points (0.16%) to 3.98%. In commodities, West Texas Intermediate (WTI) crude dropped 5.3% to $71.62/barrel amid concerns over the global economic outlook.

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 and Energy Indexes Fell; Gold & Silver Index and Retail Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financial shares were weak as the Bank Index ($BKX -4.47%) outpaced the Broker/Dealer Index ($XBD -2.52%) to the downside. The tech sector also had a negative bias as the Networking Index ($NWX -3.81%) and Biotech Index ($BTK -1.38%) both outpaced the Semiconductor Index ($SOX -0.74%) to the downside. The Retail Index ($RLX +0.55%) eked out a small gain. Commodity-linked groups were mixed as the Oil Services Index ($OSX -5.05%) and Integrated Oil Index ($XOI -4.49%) both suffered large losses while the Gold & Silver Index ($XAU +3.17%) posted a solid gain.

Chart courtesy of www.stockcharts.com

PICTURED: The Bank Index ($BKX -4.47%) slumped for a big loss and undercut the recent low.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	73.94	-3.93	-5.05%	-11.83%
Integrated Oil	$XOI	1,662.96	-78.13	-4.49%	-6.95%
Semiconductor	$SOX	2,996.86	-22.24	-0.74%	+18.35%
Networking	$NWX	742.40	-29.38	-3.81%	-5.22%
Broker/Dealer	$XBD	437.13	-11.30	-2.52%	-2.67%
Retail	$RLX	3,016.33	+16.52	+0.55%	+9.53%
Gold & Silver	$XAU	137.58	+4.23	+3.17%	+13.83%
Bank	$BKX	76.26	-3.57	-4.47%	-24.39%
Biotech	$BTK	5,215.65	-72.89	-1.38%	-1.24%

Posted Gain Afrer Reporting Strong Mar '23 Quarterly Results
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Coca Cola Femsa Sab Ads (KOF +$0.87 or +1.04% to $84.59) posted a gain with near average volume today after it reported Mar '23 quarterly earnings +53% on +24% sales revenues versus the year ago period. It has been hovering near its all-time high, stubbornly holding its ground. On pullbacks, its 50-day moving average (DMA) line ($78.88) and prior highs in the $79-$77 area define important near-term support to watch.

KOF was highlighted in yellow with pivot point cited based on its 1/24/23 high plus 10 cents in the 3/07/23 mid-day report (read here). It was last shown in great detail on 4/12/23 with an annotated graph under the headline "Streak of 11 Straight Gains into New High Territory".

KOF has a 95 Earnings Per Share Rating. It reported Jun, Sep and Dec '22 quarterly earnings increases above the +25% minimum guideline (C criteria) backed by strong sales revenues growth. Annal earnings had a downturn in FY '20 like many companies during the pandemic.

It hails from the Beverages - Non-Alcoholic group which is currently ranked 32nd on the 197 Industry Groups list. There are 857.1 million shares in the public float (S criteria). The number of top-rated funds owning its shares rose from 120 in Mar '22 to 171 in Mar '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 2.0 is an unbiased indication its shares have been under accumulation 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
GPK - NYSE Graphic Packaging CONSUMER NON-DURABLES - Packaging and Containers	$25.41	+0.78 3.17%	$25.49	9,784,162 337.50% of 50 DAV 50 DAV is 2,899,000	$25.62 -0.82%	10/25/2022	$22.75	PP = $24.17
								MB = $25.38
Most Recent Note - 5/2/2023 12:35:36 PM Y - Gapped up today then reversed into the red. Reported Mar '23 quarterly earnings +60% versus the year-ago period. Volume and volatility often increase near earnings news. Rebounded above its 50 DMA line ($24.41) last week helping its outlook improve. It is perched just -4.8% below its all-time high. Recent gains lacked great volume conviction. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Packaging Firm Due to Report Earnings News - 5/1/2023 \| 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	$40.26	+2.67 7.10%	$40.33	504,771 205.19% of 50 DAV 50 DAV is 246,000	$42.00 -4.14%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 5/2/2023 11:30:24 AM G - Today's 4th consecutive gain is helping it rebound above the 50 DMA line ($37.74) helping its technical stance improve. Reported Mar '23 quarterly earnings +0% on +10% sales revenues versus the year-ago period, below the +25% minimum earnings guideline (C criteria) raising fundamental concerns. Volume and volatility often increase near earnings news. >>> FEATURED STOCK ARTICLE : 50-Day Moving Average Line Acted as Recent Resistance - 4/28/2023 \| 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	$35.00	-0.70 -1.96%	$36.15	734,367 103.14% of 50 DAV 50 DAV is 712,000	$42.75 -18.13%	1/25/2023	$31.79	PP = $33.19
								MB = $34.85
Most Recent Note - 5/2/2023 11:27:50 AM G - Volume totals have been cooling while still remaining below its 50 DMA line ($36.83) after damaging volume-driven losses triggered a technical sell signal. A rebound above the 50 DMA line is needed to help its outlook improve. >>> FEATURED STOCK ARTICLE : Perion Pulls Back Toward 50-Day Moving Average Line - 4/20/2023 \| 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	$150.30	+2.79 1.89%	$150.81	295,477 95.32% of 50 DAV 50 DAV is 310,000	$152.49 -1.44%	4/27/2023	$148.85	PP = $152.23
								MB = $159.84
Most Recent Note - 5/2/2023 6:26:14 PM Y - Posted a gain today with near-average volume. Bullish action came after it reported Mar '23 quarterly earnings +66% on +33% sales revenues versus the year-ago period. Powered above its 50 DMA line ($139.34) with a considerable gain backed by twice its average volume. Its color code was changed to yellow with pivot point cited based on its 3/03/23 high plus 10 cents. Very little resistance remains due to overhead supply up to the $152 level. A gain and new high backed by at least +40% above average volume may trigger a technical buy signal. >>> FEATURED STOCK ARTICLE : Consolidating Near 50-Day Moving Average and -10.5% off High - 4/21/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
KOF - NYSE Coca-Cola Femsa ADR FOOD and BEVERAGE - Beverages - Soft Drinks	$84.59	+0.87 1.04%	$84.61	176,195 93.72% of 50 DAV 50 DAV is 188,000	$85.61 -1.19%	3/7/2023	$76.63	PP = $77.11
								MB = $80.97
Most Recent Note - 5/2/2023 6:32:12 PM G - Rebounded near its all-time high with today's gain backed by near-average volume. Reported Mar '23 quarterly earnings +53% on +24% sales revenues versus the year-ago period. On pullbacks, prior highs in the $79-$77 area define initial support to watch along with its 50 DMA line ($78.88). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Posted Gain Afrer Reporting Strong Mar '23 Quarterly Results - 5/2/2023 \| 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
ANET - NYSE Arista Networks Computer-Networking	$134.98	-25.18 -15.72%	$146.00	16,412,010 653.86% of 50 DAV 50 DAV is 2,510,000	$171.44 -21.27%	4/24/2023	$156.56	PP = $171.54
								MB = $180.12
Most Recent Note - 5/2/2023 11:26:46 AM G - Gapped down today violating its 50 DMA line ($155) with a damaging volume-driven loss triggering a technical sell signal and its color code is changed to green. Weak action came after it reported Mar '23 quarterly earnings +70% on +54% sales revenues versus the year-ago period but gave conservative guidance going forward. >>> FEATURED STOCK ARTICLE : Near High With Volume Cooling Following Volume-Driven Gains - 4/17/2023 \| 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	$146.06	-0.09 -0.06%	$146.44	327,082 76.42% of 50 DAV 50 DAV is 428,000	$147.76 -1.15%	3/10/2023	$136.89	PP = $136.74
								MB = $143.58
Most Recent Note - 4/28/2023 3:14:19 PM G - Volume is light behind today's 3rd consecutive gain and it is poised for its best-ever close. Recently wedging up above its "max buy" level with gains backed by lackluster volume, not action considered indicative of fresh institutional buying demand. Found prompt support near its 50 DMA line ($137.27) during recent consolidations. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Wedged to a New High Close Above "Max Buy" Level - 4/19/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
MTRN - NYSE Materion METALS and MINING - Industrial Metals and Minerals	$106.81	-1.17 -1.08%	$107.74	105,123 93.86% of 50 DAV 50 DAV is 112,000	$119.75 -10.81%	4/18/2023	$114.52	PP = $118.30
								MB = $124.22
Most Recent Note - 4/28/2023 4:23:46 PM G - Met resistance today when rebounding and remains below its 50 DMA line ($111). Encountered distributional pressure when poised to break out. A prompt rebound above the 50 DMA line is needed for its outlook to improve. Subsequent gains and a strong close above the pivot point backed by at least +40% above average volume may trigger a proper technical buy signal. Due to report Mar '23 quarterly results on 5/03/23. Volume and volatility often increase near earnings news. >>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure When Poised for Breakout - 4/18/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SPSC - NASDAQ SPS Commerce COMPUTER SOFTWARE and SERVICES - Application Software	$151.71	+3.30 2.22%	$152.59	164,205 106.63% of 50 DAV 50 DAV is 154,000	$157.46 -3.65%	4/24/2023	$150.01	PP = $157.56
								MB = $165.44
Most Recent Note - 5/2/2023 11:32:03 AM G - Rebounded near its 50 DMA line ($148.15) which has acted as resistance. Highlighted in yellow with new pivot point cited based on its 2/15/23 high plus 10 cents in the 4/24/23 mid-day report. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Reported Mar '23 quarterly earnings +22% on +20% versus the year-ago period raising some fundamental concerns. Volume and volatility often increase near earnings news. >>> FEATURED STOCK ARTICLE : Sputtered While Perched in Striking Distance of 52-Week HIgh - 4/24/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HUBB - NYSE Hubbell Electrical-Power/Equipmt	$279.78	+6.92 2.54%	$280.22	693,240 172.88% of 50 DAV 50 DAV is 401,000	$273.60 2.26%	4/25/2023	$262.85	PP = $257.51
								MB = $270.39
Most Recent Note - 5/2/2023 6:29:36 PM G - Posted a 7th consecutive gain today hitting a new high above its "max buy" level with volume +73% above average and its color code is changed to green. Bullish action came after its strong Mar '23 quarterly results. Prior highs in the $263 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Gap Up Following Earnings Triggered Technical Buy Signal - 4/25/2023 \| 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
NVR - NYSE NVR Inc MATERIALS and CONSTRUCTION - Residential Construction	$5,886.56	+16.07 0.27%	$5,898.89	18,339 79.73% of 50 DAV 50 DAV is 23,000	$5,986.96 -1.68%	4/25/2023	$5,882.18	PP = $5,978.25
								MB = $6,277.16
Most Recent Note - 4/28/2023 4:28:11 PM G - Reported Mar '23 quarterly earnings -14% on -3% sales revenues versus the year-ago period, below the +25% minimum earnings guideline (C criteria) raising fundamental concerns, and its color code is changed to green. Posted a gain today with light volume. Highlighted in yellow in the 4/25/23 mid-day report with pivot point cited based on its 12/30/21 high plus 10 cents. Pulled back after rallying to touch a new all-time high. Confirming gains and a close above the pivot point backed by at least +40% above average volume may clinch a proper technical buy signal. . Prior quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been very strong. >>> FEATURED STOCK ARTICLE : Fell From High and Raised Concern With Subpar Mar '23 Report - 4/27/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PHM - NYSE PulteGroup MATERIALS and CONSTRUCTION - Residential Construction	$65.77	-0.01 -0.02%	$65.93	3,898,356 133.51% of 50 DAV 50 DAV is 2,920,000	$67.40 -2.42%	4/25/2023	$65.17	PP = $64.01
								MB = $67.21
Most Recent Note - 5/1/2023 5:51:15 PM Y - Pulled back today with above-average volume. Highlighted in yellow with pivot point cited based on its May 2021 high in the 4/25/23 mid-day report. Bullish action came after it reported earnings +28% for the Mar '23 quarter versus the year-ago period. This Building - Residential/Commercial firm has posted 13 strong quarterly comparisons above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong. >>> FEATURED STOCK ARTICLE : Recently Rallying to New All-Time Highs - 4/26/2023 \| 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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