FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, MAY 15TH, 2023

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Indices				NYSE			Nasdaq
DOW	+47.98	33,348.60	+0.14%	Volume	806,807,408	+3%	Volume	4,031,756,000	-4%
NASDAQ	+80.47	12,365.21	+0.66%	Advancers	1,925	67%	Advancers	2,873	64%
S&P 500	+12.20	4,136.28	+0.30%	Decliners	968	33%	Decliners	1,593	36%
Russell 2000	+20.70	1,761.55	+1.19%	52 Wk Highs	38		52 Wk Highs	78
S&P 600	+11.66	1,131.27	+1.04%	52 Wk Lows	57		52 Wk Lows	160

Major Indices Inched Higher With Lighter Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow climbed 48 points (0.1%), while the Nasdaq Composite advanced 0.7% and the S&P 500 added 0.3%. Volume totals reported were mixed, higher on the NYSE and lighter on the Nasdaq exchange versus the prior session. Advancers led decliners by a 2-1 margin on the NYSE and nearly 2-1 on the Nasdaq exchange. There were 24 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 29 on the prior session. New 52-week lows outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria). Appropriate new buying efforts may be considered under the fact-based investment system.

Chart courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index wedged to a new 2023 high with a gain on Monday backed by lackluster volume.

Six of 11 sectors ended in positive territory as U.S. equities finished higher Monday. Investors are waiting for further progress on the U.S. debt ceiling negotiations. Over the weekend, U.S. Treasury Secretary Janet Yellen indicated it was likely the U.S. would avoid a default. President Biden, House Speaker Kevin McCarthy, and other congressional leaders are set to meet tomorrow to discuss the matter further.

Meanwhile, investors also digested economic data and commentary from Federal Reserve (Fed) officials. On the data front, the New York Fed Empire Manufacturing Survey fell further than expected, down to -31.8 from April’s 10.8 print, as orders and shipments shrank rapidly. In the central bank space today, Atlanta Fed President Raphael Bostic indicated that it would be unlikely for the Fed to cut interest rates this year, while Minneapolis Fed President Neel Kashkari stated that the Fed probably has more work to do to bring inflation down.

Treasuries weakened, with the yield on the benchmark 10-year note up three basis points (0.03%) to 3.49%, while the 30-year bond yield climbed six basis points (0.06%) to 3.84%. The yield on the two-year note, which is more sensitive to changes in Fed policy, advanced 1 basis point (0.01%) to 4.00%. Over in the commodity pits, West Texas Intermediate (WTI) crude added 1.6% to $71.13/barrel on concerns of tighter supply amid wildfires in Canada and as the Organization of Petroleum Exporting Countries (OPEC) implements production cuts.

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 Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Financials posted solid gains as the Bank Index ($BKX +2.56%) outpaced the Broker/Dealer Index ($XBD +1.49%). The tech sector had a positive bias as the Semiconductor Index ($SOX +2.68%) and Biotech Index ($BTK +2.11%) both outpaced the Networking Index ($NWX +1.05%). The Retail Index ($RLX +0.23%) edged higher. The Oil Services Index ($OSX +1.51%), Integrated Oil Index ($XOI +0.91%), and Gold & Silver Index ($XAU +0.87%) each posted gains.

Chart courtesy of www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU +0.87%) posted a gain while consolidating above its 50-day and prior low.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	72.82	+1.08	+1.51%	-13.17%
Integrated Oil	$XOI	1,642.76	+14.75	+0.91%	-8.08%
Semiconductor	$SOX	3,052.64	+79.80	+2.68%	+20.56%
Networking	$NWX	734.34	+7.64	+1.05%	-6.25%
Broker/Dealer	$XBD	436.60	+6.41	+1.49%	-2.79%
Retail	$RLX	3,114.48	+7.06	+0.23%	+13.09%
Gold & Silver	$XAU	134.68	+1.16	+0.87%	+11.43%
Bank	$BKX	74.51	+1.86	+2.56%	-26.12%
Biotech	$BTK	5,422.11	+112.07	+2.11%	+2.67%

Weak Finish After Early Gain When Perched Near All-Time High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Amphastar Pharm (AMPH +$0.14 or +0.34% to $41.76) finished near the session low after an early gain. It was highlighted in yellow with pivot point cited based on its 4/24/23 high in the earlier mid-day report (read here). It rebounded near its 52-week and all-time highs with today's gain backed by +61% above average volume. Subsequent gains and a strong close above the pivot point backed by at least +40% above average volume may clinch a technical buy signal. Disciplined investors know to be patient and watch for proof of fresh institutional buying demand that can lead to a sustained and meaningful advance in price.

It hails from the Medical-Biomed/Biotech group which is currently ranked 12th on the 197 Industry Groyups list (L cvriteria). It has a 99 Earnings Per Share Rating, well above the 80+ minimum guideline for buy candidates. Three of the 4 latest quarterly comparisons through Mar '23 versus the year-ago periods have been strong and well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been strong.

The number of top-rated funds owning its shares reported fell from 454 in Jun '22 to 430 in Mar '23, not a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.9 is an unbiased indication its shares have been under slight distributional pressure 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	$25.83	-0.12 -0.46%	$26.07	2,650,705 87.83% of 50 DAV 50 DAV is 3,018,000	$26.16 -1.26%	10/25/2022	$22.75	PP = $24.17
								MB = $25.38
Most Recent Note - 5/12/2023 5:35:34 PM G - Volume totals have been cooling while quietly perched near its all-time high. Reported Mar '23 quarterly earnings +60% on +9% sales revenues versus the year-ago period. Its 50 DMA line ($24.74) defines important near-term support to watch on pullbacks. >>> 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	$43.04	+0.39 0.91%	$43.23	192,350 79.16% of 50 DAV 50 DAV is 243,000	$43.60 -1.28%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 5/11/2023 6:26:45 PM G - Perched at its all-time high with volume totals cooling. 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. >>> 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	$151.45	+1.16 0.77%	$152.15	253,179 86.41% of 50 DAV 50 DAV is 293,000	$154.15 -1.75%	4/27/2023	$148.85	PP = $152.23
								MB = $159.84
Most Recent Note - 5/12/2023 5:38:55 PM Y - Perched near its all-time high. No resistance remains due to overhead supply, however, it has made little headway in recent weeks while churning above-average volume. Subsequent gains and new highs backed by at least +40% above average volume may help reconfirm a technical buy signal. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Churning Action While Recently Hovering Near All-Time High - 5/12/2023 \| 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	$88.84	+0.11 0.12%	$89.81	161,233 81.43% of 50 DAV 50 DAV is 198,000	$91.23 -2.62%	3/7/2023	$76.63	PP = $77.11
								MB = $80.97
Most Recent Note - 5/12/2023 5:39:59 PM G - Pulled back from its all-time high with lighter volume today. 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 ($81.51). >>> 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	$139.53	+1.02 0.74%	$140.39	250,080 58.16% of 50 DAV 50 DAV is 430,000	$147.76 -5.57%	3/10/2023	$136.89	PP = $136.74
								MB = $143.58
Most Recent Note - 5/10/2023 5:47:17 PM Y - Found support near its 50 DMA line ($138.24) after a big loss last week triggered a technical sell signal. More damaging losses would raise greater concerns. Reported Mar '23 quarterly earnings +64% on +12% sales revenues versus the year-ago period. 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. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Showed Resilience Near 50-Day Moving Average Following Sell-Off - 5/10/2023 \| 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	$102.94	+1.31 1.29%	$104.21	54,915 53.32% of 50 DAV 50 DAV is 103,000	$121.29 -15.13%	4/18/2023	$114.52	PP = $118.30
								MB = $124.22
Most Recent Note - 5/9/2023 6:54:29 PM G - Fell with lighter volume after abruptly retreating on 5/04/23 for damaging loss with above-average volume as it again violated its 50 DMA line ($110.75) raising concerns. Disciplined investors may note that 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. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Materion Sputtering Below 50 DMA Line After Subpar Earnings - 5/9/2023 \| 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	$155.84	+0.12 0.08%	$156.90	134,113 90.62% of 50 DAV 50 DAV is 148,000	$159.65 -2.39%	4/24/2023	$150.01	PP = $157.56
								MB = $165.44
Most Recent Note - 5/10/2023 5:31:28 PM Y - Hit a new 52-week high with today's 4th consecutive gain backed by average volume. 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. >>> 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	$273.58	+0.06 0.02%	$274.82	457,261 116.65% of 50 DAV 50 DAV is 392,000	$282.19 -3.05%	4/25/2023	$262.85	PP = $257.51
								MB = $270.39
Most Recent Note - 5/9/2023 3:04:04 PM G - Holding its ground near its all-time high with volume totals cooling. 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	$5,898.82	+76.41 1.31%	$5,900.00	22,406 101.85% of 50 DAV 50 DAV is 22,000	$5,986.96 -1.47%	4/25/2023	$5,882.18	PP = $5,978.25
								MB = $6,277.16
Most Recent Note - 5/10/2023 5:53:37 PM G - Still hovering near its all-time high with volume totals cooling. 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	$68.55	+0.12 0.18%	$68.70	2,431,124 80.63% of 50 DAV 50 DAV is 3,015,000	$68.88 -0.48%	4/25/2023	$65.17	PP = $64.01
								MB = $67.21
Most Recent Note - 5/10/2023 5:59:32 PM G - Perched at its all-time high and "max buy" level and its color code is changed to green. 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 ($59.61). >>> 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	$633.05	+1.05 0.17%	$634.85	29,980 85.66% of 50 DAV 50 DAV is 35,000	$694.20 -8.81%	5/4/2023	$646.66	PP = $656.21
								MB = $689.02
Most Recent Note - 5/9/2023 3:09:26 PM Y - Pulling back today for a 3rd consecutive loss, raising concerns while slumping back below the pivot point cited. Solid gain on 5/04/23 backed by +128% above average volume as it closed above the new pivot point cited based on its 6/07/22 high plus 10 cents triggered 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. >>> 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
AMPH - NASDAQ Amphastar Pharm Medical-Biomed/Biotech	$41.76	+0.14 0.34%	$43.67	642,189 164.66% of 50 DAV 50 DAV is 390,000	$44.15 -5.41%	5/15/2023	$43.56	PP = $44.15
								MB = $46.36
Most Recent Note - 5/15/2023 8:26:24 PM Y - Finished near the session low with a small gain today while churning above-average volume, action indicative of distributional pressure, after highlighted in the mid-day report in yellow with pivot point cited based on its 4/24/23 high. Rebounded near its 52-week and all-time highs with today's early gain. Subsequent gains and a strong close above the pivot point backed by at least +40% above average volume may clinch a technical buy signal. Three of the 4 latest quarterly comparisons through Mar '23 versus the year-ago periods have been strong and well above the +25% minimum earnings guideline (C criteria). Annual earnings history (A criteria) has been strong. See the latest FSU analysis for more details and a new annotated graph. There are no Featured Stock Updates™ available for this stock at this time. You may request one by clicking the Request a New Note link below \| 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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