FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, MAY 8TH, 2023

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Indices				NYSE			Nasdaq
DOW	-55.69	33,618.69	-0.17%	Volume	816,617,414	-12%	Volume	4,277,795,000	-8%
NASDAQ	+21.50	12,256.92	+0.18%	Advancers	1,342	46%	Advancers	2,129	48%
S&P 500	+1.87	4,138.12	+0.05%	Decliners	1,557	54%	Decliners	2,313	52%
Russell 2000	-5.41	1,754.47	-0.31%	52 Wk Highs	55		52 Wk Highs	81
S&P 600	-5.73	1,133.24	-0.50%	52 Wk Lows	42		52 Wk Lows	113

Major Averages Were Mixed and Indecisive Again
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow fell 55 points (0.2%), while the Nasdaq Composite climbed 0.2% and the S&P 500 added 0.1%. Volume totals reported were lighter on the NYSE and on the Nasdaq exchange. Decliners led advancers by a narrow margin on the NYSE and on the Nasdaq exchange. There were 28 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 30 on the prior session. New 52-week highs narrowly outnumbered new lows on the NYSE and but new lows still outnumbered new highs 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 found prompt support at its 50-day moving average (DMA) line on the latest pullback.

Seven of 11 sectors finished in negative territory while the major averages were mixed on Monday. Investors assessed the future course of the Federal Reserve’s (Fed) monetary policy after last week’s meeting and ahead of the key inflation data due later this week. Market participants remained optimistic the Fed may opt to pause their rate hiking path at their meeting in June. Bank shares climbed today as they rebounded from oversold territory, though they gave up some of their gains by the afternoon. Meanwhile, the Fed’s Senior Loan Officer Opinion Survey (the Fed survey) signaled a tightening credit market and noted demand for business loans was abating in the first quarter.

On the data front today, a final March update on wholesale inventories was unexpectedly revised lower to show, on a monthly basis, there was no change in inventories. Treasuries weakened following the Fed survey, with the yield on the benchmark 10-year note up nine basis points (0.09%) to 3.52%, while the 30-year bond yield climbed eight basis points (0.08%) to 3.83%. The yield on the two-year note, which is more sensitive to changes in Fed policy, advanced 10 basis points (0.10%) to 4.01%. Over in the commodity pits, West Texas Intermediate (WTI) crude added 2.1% to $72.84/barrel amid easing recession concerns following Friday’s robust jobs report.

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.

Semiconductor Index Edged Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -0.27%) and Bank Index ($BKX -0.26%) both edged lower whle the Retail Index ($RLX -0.01%) finished flat The Semiconductor Index ($SOX +0.56%) edged higher while the Networking Index ($NWX -0.45%) and Biotech Index ($BTK -0.69%) both edged lower. The Gold & Silver Index ($XAU -0.31%) and Oil Services Index ($OSX -0.26%) both edged lower while the Integrated Oil Index ($XOI +0.08%) finished flat.

Chart courtesy of www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX +0.56%) is still below its 50-day moving average (DMA) line. Subsequent gains above that important short-term average would bode well for chip stocks and would also be an encouraging sign for the broader market outlook.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	74.72	-0.19	-0.26%	-10.90%
Integrated Oil	$XOI	1,656.25	+1.31	+0.08%	-7.33%
Semiconductor	$SOX	3,024.41	+16.72	+0.56%	+19.44%
Networking	$NWX	734.99	-3.33	-0.45%	-6.17%
Broker/Dealer	$XBD	432.39	-1.15	-0.27%	-3.73%
Retail	$RLX	3,036.73	-0.41	-0.01%	+10.27%
Gold & Silver	$XAU	140.15	-0.44	-0.31%	+15.96%
Bank	$BKX	75.08	-0.20	-0.26%	-25.56%
Biotech	$BTK	5,273.27	-36.49	-0.69%	-0.15%

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
GPK - NYSE Graphic Packaging CONSUMER NON-DURABLES - Packaging and Containers	$25.93	+0.23 0.89%	$25.96	1,671,675 54.52% of 50 DAV 50 DAV is 3,066,000	$26.11 -0.69%	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	$42.27	-0.47 -1.10%	$43.00	166,596 64.08% of 50 DAV 50 DAV is 260,000	$43.05 -1.81%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 5/4/2023 6:11:46 PM G - Pulled back today after hitting a new all-time high with 5 consecutive gains backed by ever-increasing volume. Rebound above the 50 DMA line ($38) this week helped 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
FIX - NYSE Comfort Systems USA MATERIALS and CONSTRUCTION - General Contractors	$147.92	-3.95 -2.60%	$153.52	242,221 77.39% of 50 DAV 50 DAV is 313,000	$154.15 -4.04%	4/27/2023	$148.85	PP = $152.23
								MB = $159.84
Most Recent Note - 5/8/2023 7:38:49 PM Y - Pulled back today with lighter volume after hitting a new high on the prior session with a volume-driven gain. Previously noted - "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 ($140.70) 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	$89.88	+1.40 1.58%	$90.50	276,363 143.19% of 50 DAV 50 DAV is 193,000	$89.04 0.94%	3/7/2023	$76.63	PP = $77.11
								MB = $80.97
Most Recent Note - 5/8/2023 7:41:17 PM G - Hit another new all-time high with above-average volume behind today's 5th consecutive gain. 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 ($80.14). >>> 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
CLH - NYSE Clean Harbors Pollution Control	$136.77	+1.07 0.79%	$137.16	381,221 83.42% of 50 DAV 50 DAV is 457,000	$147.76 -7.44%	3/10/2023	$136.89	PP = $136.74
								MB = $143.58
Most Recent Note - 5/3/2023 12:20:17 PM G - Reported Mar '23 quarterly earnings +64% versus the year-ago period. Volume and volatility often increase near earnings news. Recovered a lot after early weakness today violated its 50 DMA line ($137.67) with a big loss triggering a technical sell signal. Recently wedged up above its "max buy" level with gains backed by lackluster volume, not action considered indicative of fresh institutional buying demand. 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
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
MTRN - NYSE Materion METALS and MINING - Industrial Metals and Minerals	$104.23	-2.29 -2.15%	$107.86	82,096 77.45% of 50 DAV 50 DAV is 106,000	$121.29 -14.07%	4/18/2023	$114.52	PP = $118.30
								MB = $124.22
Most Recent Note - 5/4/2023 6:02:02 PM G - Abruptly retreated today for damaging loss with above average volume as it again violated its 50 DMA line ($111) raising concerns, and its color code is changed to green. Disciplined investors may note that on the prior session it did not quite produce a gain and a strong close above the pivot point backed by at least +40% above average volume to trigger a proper technical buy signal. Reported Mar '23 quarterly earnings +13% versus the year-ago period, below the +25% minimum guideline (C criteria) raising fundamental concerns. 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	$153.00	+2.61 1.74%	$153.54	125,105 83.40% of 50 DAV 50 DAV is 150,000	$157.46 -2.83%	4/24/2023	$150.01	PP = $157.56
								MB = $165.44
Most Recent Note - 5/4/2023 6:10:28 PM Y - Although it pulled back today with lighter volume, its color code is changed to yellow after rebounding above its 50 DMA line ($148.35) which had acted as resistance. 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, below the +25% minimum earnings guideline (C criteria) 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	$270.56	-1.53 -0.56%	$273.24	381,205 93.66% of 50 DAV 50 DAV is 407,000	$282.19 -4.12%	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
NVR - NYSE NVR Inc MATERIALS and CONSTRUCTION - Residential Construction	$5,853.47	+1.00 0.02%	$5,855.91	15,073 65.53% of 50 DAV 50 DAV is 23,000	$5,986.96 -2.23%	4/25/2023	$5,882.18	PP = $5,978.25
								MB = $6,277.16
Most Recent Note - 5/3/2023 10:08:59 AM G - Still perched near its all-time high with today's 5th consecutive gain. 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 was changed to green. 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	$67.78	+0.76 1.13%	$67.91	2,101,253 70.09% of 50 DAV 50 DAV is 2,998,000	$67.40 0.56%	4/25/2023	$65.17	PP = $64.01
								MB = $67.21
Most Recent Note - 5/3/2023 10:07:19 AM Y - Churning above-average volume for the past week yet it remains perched near its all-time high and "max buy" level. 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. Prior highs in the $64-60 area define initial support to watch above its 50 DMA line ($58.26). >>> 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
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
COKE - NASDAQ Coca-Cola Consolidated FOOD and BEVERAGE - Beverages - Soft Drinks	$651.97	-3.87 -0.59%	$666.82	35,742 99.28% of 50 DAV 50 DAV is 36,000	$694.20 -6.08%	5/4/2023	$646.66	PP = $656.21
								MB = $689.02
Most Recent Note - 5/4/2023 5:54:08 PM Y - Posted a solid gain backed by +128% above average volume and closed above the new pivot point cited based on its 6/07/22 high plus 10 cents, triggering a technical buy signal. Bullish action came after it reported Mar '23 quarterly earnings +93% on +12% sales revenues versus the year-ago period, continuing its strong earnings track record. Went through a deep consolidation since dropped from the Featured Stocks list when noted on 6/16/22. Abruptly stalled and encountered distributional pressure after hitting a new high. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : COKE is Showing Real Strength - 5/4/2023 \| 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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