FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

<<<Previous Mid Day Report	Next Mid Day Report >>>
<<<Previous After Market Report	Next After Market Report >>>

You are not logged in.
This means you CAN ONLY VIEW reports that were published prior to Sunday, October 20, 2024.
You MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.

AFTER MARKET UPDATE - FRIDAY, JULY 29TH, 2022

Previous After Market Report Next After Market Report >>>

Indices				NYSE			Nasdaq
DOW	+315.50	32,845.13	+0.97%	Volume	1,261,294,860	+42%	Volume	4,897,636,400	+1%
NASDAQ	+228.09	12,390.69	+1.88%	Advancers	2,247	72%	Advancers	2,521	57%
S&P 500	+57.86	4,130.29	+1.42%	Decliners	882	28%	Decliners	1,887	43%
Russell 2000	+12.20	1,885.23	+0.65%	52 Wk Highs	43		52 Wk Highs	94
S&P 600	+10.35	1,239.96	+0.84%	52 Wk Lows	46		52 Wk Lows	122

Major Indices Rose With Greater Leadership and Higher Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 ascended 1.4%, ending the week 4.3% higher, while Dow added 315 points, recording a five-session increase of nearly 3%. Both benchmarks notched their best month since November 2020 (+9.1% and 6.7%, respectively). The Nasdaq Composite jumped 1.9%, bringing its weekly advance to 4.7%. The tech-heavy index recorded its strongest monthly performance since April 2020 (+12.4%). The volume totals reported were higher than the prior session on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 2-1 margin on the NYSE and by more than a 5-4 margin on the Nasdaq exchange. Leadership improved as there were 37 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, up from the total of 29 on the prior session. New 52-week lows totals still outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. The market uptrend has been under some pressure (M criteria). Any sustainable rally requires a healthy crop of leading stocks hitting new highs, so the improvement in leadership was a reassuring sign.

Chart courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index posted a 3rd consecutive gain with higher volume, rebounding further above its 50-day moving average (DMA) line. It remains well below its 200 DMA line.

U.S. stocks finished firmly higher Friday, with the major averages capping robust monthly gains. Notably, all three major averages logged their first two-week winning streak since the end of the first quarter. The yield on the 10-year note slipped one basis point (0.01%) to 2.66%, finishing the month 36 basis points (0.36%) lower at a trough not seen since April.

In earnings, reports from mega-cap names lifted the mood. Apple Inc. (AAPL +3.25%) rose after resilient iPhone sales helped the company beat expectations. Meanwhile, Amazon.com Inc. (AMZN +10.40%) rose as the e-commerce giant provided upbeat guidance.

Optimism over a potential Federal Reserve (Fed) policy pivot in light of weakening data has also aided risk appetite this week. Yesterday’s Gross Domestic Product (GDP) print showed the U.S. economy unexpectedly contracted during the April-June period, marking a second consecutive negative reading and meeting one widely-cited definition of a technical recession.

On the data front today, personal spending jumped a better-than-projected 1.1% in June. Separately, a final July update from the University of Michigan confirmed consumer sentiment recovered from its all-time low of 50.0 in June, with the reading upwardly revised to 51.5 from an initial 51.1 print. However, long-term inflation expectations remained elevated near an 11-year peak, while the core PCE Deflator (the Fed’s preferred proxy for inflation) climbed 4.8% year-over-year in June, accelerating modestly.

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 and Energy-Linked Indexes Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Retail Index ($RLX +5.67%) posted a big gain while the Bank Index ($BKX +1.38%) and Broker/Dealer Index ($XBD +1.67%) notched smaller gains. The Networking Index ($NWX +1.48%) led the tech sector while the Semiconductor Index ($SOX +0.77%) followed with a smaller gain and the Biotech Index ($BTK +0.17%) inched higher. The Oil Services Index ($OSX +4.12%) and Integrated Oil Index ($XOI +3.71%) both posted solid gains that outpaced the Gold & Silver Index ($XAU +1.60%).

Chart courtesy of www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI +3.71%) posted a solid gain rebounding near its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	68.15	+2.70	+4.12%	+29.27%
Integrated Oil	$XOI	1,592.41	+56.95	+3.71%	+35.16%
Semiconductor	$SOX	2,967.14	+22.63	+0.77%	-24.81%
Networking	$NWX	797.68	+11.67	+1.48%	-17.86%
Broker/Dealer	$XBD	433.28	+7.12	+1.67%	-11.00%
Retail	$RLX	3,368.15	+180.61	+5.67%	-20.31%
Gold & Silver	$XAU	108.73	+1.71	+1.60%	-17.91%
Bank	$BKX	108.45	+1.47	+1.38%	-17.98%
Biotech	$BTK	4,785.88	+7.98	+0.17%	-13.27%

Volume Heavy Behind Technical Breakout
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Clearfield Inc (CLFD +$13.98 or +16.53% to $98.55) finished strong after highlighted in yellow with pivot point cited based on its 12/30/21 high plus 10 cents in the earlier mid-day report (read here). It spiked to a new 52-week high with today's 4th consecutive volume-driven gain triggering a technical buy signal. The volume total was +395% above average behind the gain, action indicative of institutional buying demand

CLFD has an Earnings Per Share Rating of 99. Fundamentals remain strong after it reported Jun '22 quarterly earnings +109% on +84% sales revenues above the year ago period. Annual earnings (A criteria) growth has been strong after a downturn in FY '17.

CLFD was last shown in this FSU section on 12/30/21 with an annotated graph under the headline "Negative Reversal After Hitting a New All Time High". It showed resilience and made a choppy rebound since dropped from the Featured Stocks list on 1/19/22.

TheTELECOMMUNICATIONS - Fiber Optics group is currently ranked 39th on the 197 Industry Groups list (L criteria). There are only 13.8 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 132 in Jun '20 to 259 in Jun '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days. Its Accumulation/Distribution Rating is A and Timeliness Rating is A, but its Sponsorship Rating is C.

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
LLY - NYSE Eli Lilly & Co Medical-Diversified	$329.69	-1.11 -0.34%	$331.06	3,399,489 121.11% of 50 DAV 50 DAV is 2,807,000	$335.33 -1.68%	5/16/2022	$302.46	PP = $314.10
								MB = $329.81
Most Recent Note - 7/28/2022 5:48:17 PM G - Posted a gain with light volume today and its color code is changed to green after rising back above its "max buy" level. Its 50 DMA line ($314.10) defines near-term support to watch. >>> FEATURED STOCK ARTICLE : Hovering Near "Max Buy" Level With Volume Totals Cooling - 7/22/2022 \| 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	$24.04	-0.15 -0.62%	$24.43	504,482 117.59% of 50 DAV 50 DAV is 429,000	$23.73 1.31%	7/1/2022	$21.27	PP = $21.38
								MB = $22.45
Most Recent Note - 7/28/2022 5:46:44 PM G - Posted another gain today with above average volume hitting a new 52-week high, rising further above its "max buy" level. Its 50 DMA line ($20.86) defines important near-term support to watch on pullbacks. Due to report Jun '22 quarterly results on 8/03/22. >>> FEATURED STOCK ARTICLE : Stalled Since Clearing Double Bottom Base - 7/15/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HRMY - NASDAQ Harmony Biosciences Hldg Medical-Biomed/Biotech	$50.73	+0.40 0.79%	$51.45	479,396 103.10% of 50 DAV 50 DAV is 465,000	$57.13 -11.20%	7/6/2022	$54.12	PP = $52.85
								MB = $55.49
Most Recent Note - 7/28/2022 5:45:44 PM Y - Pulled back again today with higher (near average) volume. Prior losses raised concerns while slumping back into the prior base. The next important near-term support to watch is its 50 DMA line ($47.98). >>> FEATURED STOCK ARTICLE : Harmony Has Been Encountering Distributional Pressure - 7/18/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CI - NYSE Cigna Corp Medical-Managed Care	$275.36	+2.14 0.78%	$277.72	1,836,899 94.59% of 50 DAV 50 DAV is 1,942,000	$282.33 -2.47%	7/7/2022	$276.55	PP = $273.68
								MB = $287.36
Most Recent Note - 7/28/2022 5:38:48 PM Y - Pulled back with lighter than average volume for a 2nd consecutive session today. Tested support at its 50 DMA line ($264) twice following a recent technical breakout. More damaging losses would raise greater concerns. >>> FEATURED STOCK ARTICLE : Pulled Back and Tested Support at 50-Day Moving Average - 7/19/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AN - NYSE Autonation Inc SPECIALTY RETAIL - Auto Dealerships	$118.74	+1.34 1.14%	$119.72	497,284 65.52% of 50 DAV 50 DAV is 759,000	$133.48 -11.04%	7/20/2022	$122.03	PP = $126.49
								MB = $132.81
Most Recent Note - 7/28/2022 5:37:44 PM Y - Posted a 2nd consecutive gain today with above average volume, rebounding above its 200 DMA line and its 50 DMA line ($115.51) helping its outlook to improve, and its color code is changed to yellow. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal. Reported Jun '22 quarterly earnings +34% on -2% sales revenues versus the year ago period. Faces some resistance due to overhead supply up to the $133 level. >>> FEATURED STOCK ARTICLE : Autonation Earnings Due While Perched Near Pivot Point - 7/20/2022 \| 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
ESQ - NASDAQ Esquire Financial Hldgs Finance-Commercial Loans	$36.22	-0.10 -0.28%	$36.72	29,293 48.02% of 50 DAV 50 DAV is 61,000	$39.09 -7.34%	7/26/2022	$37.74	PP = $39.19
								MB = $41.15
Most Recent Note - 7/29/2022 6:48:20 PM Y - Pulled back today for a 2nd consecutive loss with lighter than average volume following a streak of 4 consecutive gains with higher volume. It was highlighted in yellow with pivot point cited based on its 4/25/22 high plus 10 cents in the 7/26/22 mid-day report. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Its 50 DMA line ($35.18) defines initial support above its 200 DMA line ($33.93). >>> FEATURED STOCK ARTICLE : Volume Driven Gains Approaching Prior High - 7/26/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
GPK - NYSE Graphic Packaging Hldg CONSUMER NON-DURABLES - Packaging and Containers	$22.25	-0.23 -1.02%	$22.73	2,764,709 96.57% of 50 DAV 50 DAV is 2,863,000	$22.99 -3.22%	7/26/2022	$22.63	PP = $23.09
								MB = $24.24
Most Recent Note - 7/28/2022 5:43:45 PM Y - Posted a small gain today with average volume and it remains perched near its 52-week high. Highlighted in yellow in the 7/26/22 mid-day report with pivot point cited based on its 6/06/22 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Negative Reversal After Matching 52-Week High - 7/27/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CSL - NYSE Carlisle Cos Inc Diversified Operations	$296.10	+8.50 2.96%	$297.34	897,227 263.12% of 50 DAV 50 DAV is 341,000	$275.13 7.62%	7/28/2022	$282.31	PP = $275.23
								MB = $288.99
Most Recent Note - 7/29/2022 12:58:52 PM Y - Hitting another new all-time high with today's 5th consecutive volume-driven gain. Finished strong after highlighted in yellow with pivot point cited based on its 5/04/22 high plus 10 cents in the 7/28/22 mid-day report. Found support in recent weeks at its 200 DMA line ($241). Reported Jun '22 quarterly earnings +185% on +57% sales revenues versus the year ago period, its 4th very strong quarter well above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history included a downturn in FY '20. 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
ENPH - NASDAQ Enphase Energy Inc Energy-Solar	$284.18	+10.00 3.65%	$287.38	5,297,174 178.00% of 50 DAV 50 DAV is 2,976,000	$282.46 0.61%	7/28/2022	$276.66	PP = $282.55
								MB = $296.68
Most Recent Note - 7/29/2022 6:47:11 PM Y - Posted a 3rd consecutive volume-driven gain today as it rallied and closed above the pivot point cited based on its 11/22/21 high plus 10 cents triggering a technical buy signal. Faces no resistance due to overhead supply. Fundamentals remain strong after reporting solid Jun '22 quarterly results, continuing its strong earnings history. >>> FEATURED STOCK ARTICLE : Pullback Testing Near Prior High - 12/2/2021 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PWR - NYSE Quanta Services Inc MATERIALS and CONSTRUCTION - General Contractors	$138.73	-6.56 -4.52%	$146.84	2,612,453 170.75% of 50 DAV 50 DAV is 1,530,000	$140.04 -0.94%	7/28/2022	$141.83	PP = $140.14
								MB = $147.15
Most Recent Note - 7/29/2022 6:49:54 PM Y - There was a "negative reversal" today after touching a new high. Gapped up on the prior session hitting a new all-time high with a big volume-driven gain above the pivot point clinching a technical buy signal. Found support near its 200 DMA line in recent months while consolidating. Due to report Jun '22 quarterly results on 8/04/22. Reported Mar '22 quarterly earnings +65% versus the year ago period, its 3rd quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Volume-Driven Breakout for Quanta Services - 7/28/2022 \| 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
CLFD - NASDAQ Clearfield Inc TELECOMMUNICATIONS - Cables / Satalite Equipment	$98.55	+13.98 16.53%	$99.15	790,748 497.33% of 50 DAV 50 DAV is 159,000	$86.71 13.65%	7/29/2022	$94.10	PP = $86.81
								MB = $91.15
Most Recent Note - 7/29/2022 6:44:56 PM Y - Finished strong after highlighted in yellow in the earlier mid-day report with pivot point cited based on its 12/30/21 high plus 10 cents. It spiked to a new 52-week high with +395% above average volume behind the gain triggering a technical buy signal. Fundamentals remain strong after it reported Jun '22 quarterly earnings +109% on +84% sales revenues above the year ago period. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Volume Heavy Behind Technical Breakout - 7/29/2022 \| 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.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time. Questions or comments may be submitted by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307 or 954-785-1121.