FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - TUESDAY, AUGUST 23RD, 2022

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Indices				NYSE			Nasdaq
DOW	-154.02	32,909.59	-0.47%	Volume	753,672,388	-10%	Volume	3,790,605,200	-11%
NASDAQ	-0.27	12,381.30	-0.00%	Advancers	1,476	48%	Advancers	2,110	48%
S&P 500	-9.26	4,128.73	-0.22%	Decliners	1,600	52%	Decliners	2,248	52%
Russell 2000	+3.40	1,919.14	+0.18%	52 Wk Highs	29		52 Wk Highs	65
S&P 600	-1.31	1,238.33	-0.11%	52 Wk Lows	62		52 Wk Lows	174

Major Averages Sputtered With Thin Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 dipped 0.2%, while the Dow lost 154 points after yesterday both indexes weathered their steepest single-session drops since June 16. The Nasdaq Composite closed little changed, steadying from its worst session in nearly a month on Monday (-2.6%). The volume totals reported were lighter than the prior session on the NYSE and on the Nasdaq exchange. Breadth was just slightly negative as decliners led advancers by a narrow margin on the NYSE and on the Nasdaq exchange. Leadership remained thin as there were 8 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 7 on the prior session. New 52-week lows totals easily outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. The market is in a confirmed uptrend (M criteria). Any sustainable rally requires a healthy crop of leading stocks hitting new highs.

Chart courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average pulled back for a 3rd consecutive loss with lighter volume. It has slumped back below its downward sloping 200-day moving average (DMA) line.

U.S. stocks ended lower on Tuesday after Wall Street struggled for direction following a flurry of weak economic data. A gauge of the U.S. dollar snapped a four-day winning streak to end 0.5% down after hitting a five-week high yesterday.

A historic summer stock rally has recently stalled amid anxiety over monetary policy tightening. Investors remain cautious ahead of the Federal Reserve’s (Fed) Jackson Hole central bank forum later this week. Fed Chair Jerome Powell’s speech on Friday will be in the spotlight, with market participants widely expecting his comments to skew hawkish, reiterating the need for further interest rate hikes to tame inflation.

On the data front, a flash reading from S&P Global showed composite U.S. business activity contracted for a second consecutive month in August to the lowest level since May 2020. The manufacturing Purchasing Managers’ Index (PMI) dropped to a two-year low but remained in expansionary territory, while services sector activity contracted. Separately, the Richmond Fed revealed manufacturing activity in the region deteriorated for the same period. Additionally, new home sales slumped 12.6% in July to the slowest pace since January 2016. Longer-dated Treasuries ended lower despite the downbeat reports. The yield on the 10-year note climbed three basis points (0.03%) to 3.06%. In commodities, West Texas Intermediate crude jumped 3.6% to $93.62/barrel following Saudi Arabia’s proposal to cut output to buoy prices.

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.

Commodity-Linked Groups Led Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Oil Services Index ($OSX +4.49%) and Integrated Oil Index ($XOI +3.41%) were standout gainers and the Gold & Silver Index ($XAU +2.21%) also posted a solid gain. The Semiconductor Index ($SOX +0.74%) and Networking Index ($NWX +0.39%) both edged higher while the Biotech Index ($BTK -0.45%) edged lower. The Broker/Dealer Index ($XBD +0.52%) posted a small gain while the Retail Index ($RLX -0.25%) and Bank Index ($BKX -0.25%) both ended the session with small losses.

Chart courtesy of www.stockcharts.com

PICTURED: The Networking Index ($NWX +0.39%) fell back below its 200-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	71.30	+3.07	+4.49%	+35.25%
Integrated Oil	$XOI	1,685.54	+55.61	+3.41%	+43.06%
Semiconductor	$SOX	2,864.31	+20.95	+0.74%	-27.42%
Networking	$NWX	821.67	+3.16	+0.39%	-15.39%
Broker/Dealer	$XBD	448.60	+2.31	+0.52%	-7.86%
Retail	$RLX	3,390.09	-8.43	-0.25%	-19.79%
Gold & Silver	$XAU	106.22	+2.30	+2.21%	-19.81%
Bank	$BKX	109.32	-0.27	-0.25%	-17.32%
Biotech	$BTK	4,799.07	-21.51	-0.45%	-13.04%

June Quarter Was Below +25% Minimum Earnings Guideline
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
International Money Express (IMXI -$0.65 or -2.58% to $24.59) was down today for a 3rd consecutive small loss on lighter than average volume, retreating from its all-time high. It has been noted as extended from the previously noted base. Prior highs in the $22 area and its 50-day moving average (DMA) line ($22.66) define important near-term support to watch.

Recently it reported Jun '22 quarterly earnings +21% on +17% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. IMXI has a 95 Earnings Per Share rating. The Financial Services-Specialty firm's prior 8 quarterly comparisons showed earnings increases above the year ago period by more than +25% (C criteria).

IMXI was highlighted in yellow in the 7/01/22 mid-day report (read here) with new pivot point cited based on its 6/06/22 high after a "double bottom" base. It was last shown with detailed analysis on 8/03/22 with an annotated graph under the headline, "Finished Strong With Another Volume-Driven Gain After Earnings".

There is a small supply of only 38.4 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 210 in Mar '21 to 308 in Jun '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 2.2 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
IMXI - NASDAQ International Money Exp Financial Svcs-Specialty	$24.59	-0.65 -2.58%	$25.37	338,283 64.56% of 50 DAV 50 DAV is 524,000	$26.23 -6.25%	7/1/2022	$21.27	PP = $21.38
								MB = $22.45
Most Recent Note - 8/23/2022 5:25:29 PM G - Down today for 3rd consecutive small loss on lighter volume, retreating from its all-time high. Prior highs in the $22 area and its 50 DMA line ($22.44) define important near-term support to watch. Reported Jun '22 quarterly earnings +21% on +17% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : June Quarter Was Below +25% Minimum Earnings Guideline - 8/23/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HRMY - NASDAQ Harmony Biosciences Holdings Medical-Biomed/Biotech	$47.23	+0.36 0.77%	$47.66	283,460 47.43% of 50 DAV 50 DAV is 597,600	$57.13 -17.33%	7/6/2022	$54.12	PP = $52.85
								MB = $55.49
Most Recent Note - 8/22/2022 6:11:24 PM G - Volume totals have cooled after damaging losses while it has failed to rebound after violating its 50 DMA line ($50.58) and prior low ($48.85) triggering technical sell signals. Only a prompt rebound above the 50 DMA line would help its outlook improve. Met stubborn resistance in the $57 area after reporting Jun '22 quarterly earnings +54% on +45% sales revenues versus the year ago period. >>> FEATURED STOCK ARTICLE : Churning Higher Volume While Perched Near High After Earnings News - 8/4/2022 \| 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	$286.33	-5.17 -1.77%	$291.39	1,254,079 61.96% of 50 DAV 50 DAV is 2,024,000	$293.96 -2.60%	7/7/2022	$276.55	PP = $273.68
								MB = $287.36
Most Recent Note - 8/22/2022 6:06:40 PM G - Volume totals have been cooling while hovering at its all-time high holding its ground after rising above its "max buy" level. Reported earnings for the Jun '22 quarter rose +19% on +5% sales revenues versus the year ago period, breaking a streak of 3 quarterly earnings increases above the +25% minimum guideline (C criteria), raising concerns. Near-term support to watch is at its 50 DMA line ($271.67). >>> FEATURED STOCK ARTICLE : Wedging Higher With Lighter Volume Behind Gain for New High - 8/9/2022 \| 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	$124.82	+0.40 0.32%	$126.88	555,799 77.84% of 50 DAV 50 DAV is 714,000	$135.57 -7.93%	7/20/2022	$122.03	PP = $126.49
								MB = $132.81
Most Recent Note - 8/22/2022 6:08:53 PM Y - Fell today with near average volume for a 4th consecutive small loss, but raised concerns while undercutting prior highs in the $126 area which were noted as initial support to watch. Faces no resistance due to overhead supply. Reported Jun '22 quarterly earnings +34% on -2% sales revenues versus the year ago period. >>> FEATURED STOCK ARTICLE : Autonation Hovering Near Stubborn Resistance - 8/11/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ESQ - NASDAQ Esquire Financial Hldgs Finance-Commercial Loans	$39.07	-0.16 -0.41%	$39.30	20,530 34.22% of 50 DAV 50 DAV is 60,000	$41.68 -6.26%	7/26/2022	$37.74	PP = $39.19
								MB = $41.15
Most Recent Note - 8/22/2022 6:03:30 PM Y - Pulled back today with lighter than average volume. Wedged above resistance in the $39 area with recent gains lacking volume conviction. Confirming gains above the pivot point backed by at least +40% above average volume may help clinch a proper technical buy signal. Its 50 DMA line ($35.74) defines important near-term support. >>> FEATURED STOCK ARTICLE : Closed at Session High With Gain for New All-Time High - 8/12/2022 \| 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
GPK - NYSE Graphic Packaging Hldg CONSUMER NON-DURABLES - Packaging and Containers	$23.34	+0.20 0.86%	$23.39	1,358,972 44.75% of 50 DAV 50 DAV is 3,037,000	$23.71 -1.56%	7/26/2022	$22.63	PP = $23.09
								MB = $24.24
Most Recent Note - 8/23/2022 5:28:38 PM Y - Posted a small gain today with light volume. Churned heavy volume but made limited progress since its 8/10/22 breakout, action indicative of distributional pressure. >>> FEATURED STOCK ARTICLE : Churned Heavy Volume Perched at High After 6 Straight Gains - 8/15/2022 \| 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	$307.48	+0.15 0.05%	$311.89	354,168 87.02% of 50 DAV 50 DAV is 407,000	$318.71 -3.52%	7/28/2022	$282.31	PP = $275.23
								MB = $288.99
Most Recent Note - 8/22/2022 6:01:33 PM G - Pulled back today for a 2nd consecutive loss, retreating from its all-time high after getting very extended from the previously noted base. Prior highs in the $275 area define initial support to watch along with its 50 DMA line ($269). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Pulling Back From All-Time High After Volume-Driven Gains - 8/22/2022 \| 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	$285.41	+4.65 1.66%	$287.00	2,174,436 64.77% of 50 DAV 50 DAV is 3,357,000	$308.88 -7.60%	7/28/2022	$276.66	PP = $282.55
								MB = $296.68
Most Recent Note - 8/19/2022 5:03:09 PM Y - Gapped down today after hovering near its all-time high in recent weeks with volume totals cooling. The prior high in the $282 area has been noted as initial support to watch on pullbacks. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Enphase Energy Consolidating After Rallying to New Highs - 8/19/2022 \| 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	$141.22	+1.21 0.86%	$143.01	725,222 59.11% of 50 DAV 50 DAV is 1,227,000	$146.84 -3.83%	7/28/2022	$141.83	PP = $140.14
								MB = $147.15
Most Recent Note - 8/19/2022 5:16:34 PM Y - Pulled back today with light volume. Volume totals have been below average while recently wedging back above its pivot point since encountering some distributional pressure. Confirming volume-driven gains for new highs would be a reassuring sign of serious institutional buying demand. Its 50 DMA line ($131.36) defines important near-term support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Stalled After Breakout But Still Quietly Hovering Near High - 8/16/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CLFD - NASDAQ Clearfield Inc TELECOMMUNICATIONS - Cables / Satalite Equipment	$125.22	+5.96 5.00%	$126.57	327,721 98.41% of 50 DAV 50 DAV is 333,000	$124.23 0.80%	7/29/2022	$94.10	PP = $86.81
								MB = $91.15
Most Recent Note - 8/23/2022 5:27:41 PM G - Posted a gain today with average volume for a new all-time high, getting very extended from any sound base. Prior high in the $86 area defines initial support to watch above its 50 DMA line. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Clearfield Showed Resilience After Considerable Rally - 8/17/2022 \| 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
GFF - NYSE Griffon Corporation MATERIALS and CONSTRUCTION - General Building Materials	$32.93	-0.59 -1.76%	$34.17	371,817 81.01% of 50 DAV 50 DAV is 459,000	$34.35 -4.13%	8/8/2022	$32.46	PP = $31.12
								MB = $32.68
Most Recent Note - 8/22/2022 6:04:21 PM G - Posted a solid gain today backed by above average volume, hovering near its 52-week high. Prior highs in the $31 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Breakout for New High Backed by +52% Above Average Volume - 8/8/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CLH - NYSE Clean Harbors Inc Pollution Control	$117.32	+2.31 2.01%	$117.90	380,346 120.74% of 50 DAV 50 DAV is 315,000	$118.92 -1.35%	8/10/2022	$111.78	PP = $115.10
								MB = $120.86
Most Recent Note - 8/23/2022 5:26:23 PM Y - Posted a solid gain today with higher volume. Gain and strong close above the pivot point backed by +116% above average volume on 8/12/22 triggered a technical buy signal. No resistance remains due to overhead supply. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Pollution Control Firm Perched Near Prior High - 8/10/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SNPS - NASDAQ Synopsys Inc COMPUTER SOFTWARE and SERVICES - Technical and System Software	$359.00	+0.90 0.25%	$361.24	1,015,215 106.08% of 50 DAV 50 DAV is 957,000	$391.17 -8.22%	8/17/2022	$381.37	PP = $377.70
								MB = $396.59
Most Recent Note - 8/19/2022 12:23:26 PM G - Color code is changed to green due to fundamental concerns while pulling back today for a 4th consecutive loss marked by above average volume, encountering distributional pressure since reaching a new all-time high. Reported Jul '22 quarterly earnings +16% on +18% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria), raising fundamental concerns. Renewed strength and subsequent gains above the pivot point backed by at least +40% above average volume are needed to clinch a technical buy signal. >>> FEATURED STOCK ARTICLE : Earnings Report Below +25% Minimum and Encountering Distributional Pressure - 8/18/2022 \| 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.

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