FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, DECEMBER 5TH, 2022

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Indices				NYSE			Nasdaq
DOW	-482.78	33,947.10	-1.40%	Volume	915,192,463	+11%	Volume	4,455,744,900	-1%
NASDAQ	-221.56	11,239.94	-1.93%	Advancers	474	15%	Advancers	1,184	26%
S&P 500	-72.86	3,998.84	-1.79%	Decliners	2,639	85%	Decliners	3,458	74%
Russell 2000	-52.62	1,840.22	-2.78%	52 Wk Highs	62		52 Wk Highs	108
S&P 600	-34.49	1,210.87	-2.77%	52 Wk Lows	55		52 Wk Lows	168

Breadth Negative as Major Averages Lost Ground
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow lost 482 points, while the Nasdaq Composite fell 1.9%. The S&P 500 slid 1.8%. Volume totals were mixed, higher than the prior session on the NYSE and slightly lighter on the Nasdaq exchange. Breadth was negative as decliners led advancers by more than a 5-1 margin on the NYSE and by nearly a 3-1 margin on the Nasdaq exchange. There were 27 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 41 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE but new lows outnumbered new highs on the Nasdaq exchange. The market is in a confirmed uptrend (M criteria). Healthy leadership (new 52-week highs totals) has continued helping the rally be productive. Only stocks meeting all key-criteria of the fact-based investment system should be considered as buy candidates.

Chart courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index has slumped back below its 200-day moving average (DMA) line with 3 consecutive losses since posting a big volume-driven gain on 11/30/22.

U.S. equities finished lower Monday after the service-sector and factory output data came in stronger-than-expected, suggesting the economy has stayed resilient against the Federal Reserve (Fed) rate hikes. The finalized November reading for the S&P Global US Services Purchasing Managers’ Index (PMI) and Composite PMI both increased by 0.1 from the prior month to 46.2 and 46.4, respectively. October’s Factory Orders topped analyst expectations with an 1% increase. Meanwhile, November’s Institute of Supply Management (ISM) Service Index came in hotter-than-expected at 56.5, topping estimates of 53.5. Today’s strong readings have pivoted investors’ hopes on the Fed slowing its pace on future rate hikes.

Treasury yields finished higher. The yield on the benchmark 10-year note increased eleven basis points (0.11%) to 3.59%, while the 30-year bond yield gained seven basis points (0.07%) to 3.60%. The yield on the two-year note settled fourteen basis points (0.14%) higher at 4.40%. In commodities, West Texas Intermediate (WTI) crude declined 3.3% to $77.37/barrel after the Organization of Petroleum Exporting Countries and their allies (OPEC+) announced their plans Sunday to keep production at its current levels through 2023. In other news today, the European Union started its ban on Russian crude oil while the Group of seven (G7) imposed their price cap on Russian oil at $60/barrel. The U.S. Dollar Index increased 0.7% after market participants speculated the Fed may not be able to pivot to slower rate hikes following today’s better-than-expected data.

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, Financial, Tech, and Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Losses from the Bank Index ($BKX -4.39%), Broker/Dealer Index ($XBD -2.28%), and Retail Index ($RLX -2.77%) weighed on the major averages. The Oil Services Index ($OSX -4.03%), Integrated Oil Index ($XOI -3.03%), and Gold & Silver Index ($XAU -3.38%) suffered unanimous losses. The tech sector also had a negative bias as the Semiconductor Index ($SOX -1.20%), Networking Index ($NWX -1.79%), and Biotech Index ($BTK -1.95%) each lost ground.

Chart courtesy of www.stockcharts.com

PICTURED: The Integrated Oil Index ($XOI -3.03%) lost ground and slumped near its 50-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	81.30	-3.41	-4.03%	+54.20%
Integrated Oil	$XOI	1,786.70	-55.85	-3.03%	+51.65%
Semiconductor	$SOX	2,738.05	-33.19	-1.20%	-30.61%
Networking	$NWX	819.86	-14.93	-1.79%	-15.57%
Broker/Dealer	$XBD	476.31	-11.11	-2.28%	-2.17%
Retail	$RLX	2,885.75	-82.14	-2.77%	-31.72%
Gold & Silver	$XAU	120.19	-4.21	-3.38%	-9.26%
Bank	$BKX	101.73	-4.67	-4.39%	-23.06%
Biotech	$BTK	5,327.84	-106.22	-1.95%	-3.45%

Big Loss Testing Support at 50-Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Cross Country Healthcare (CCRN -$1.72 or -4.69% to $34.92) suffered a loss today with higher (near average) volume while testing support at its 50-day moving average (DMA) line ($33.54). More damaging losses would raise concerns and trigger a technical sell signal.

CCRN has a 99 Earnings Per Share Rating, the highest possible. Recently it reported Sep '22 quarterly earnings +75% on +70% sales revenues versus the year ago period. Prior quarterly comparisons showed strong sales revenues and earnings increases. Annual earnings growth (A criteria) has been strong since a downturn in FY '17 and '18.

CCRN was highlighted yellow with pivot point cited based on its 7/21/22 high plus 10 cents in the 9/09/22 mid-day report (read here). It was last shown in greater detail on 11/08/22 with an annotated graph under the headline, "Consolidating Above Prior Highs and Above 50-Day Moving Average".

The company has only 37.3 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 326 in Sep '21 to 408 in Sep '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness Rating of A and Sponsorship Rating of B.

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
ESQ - NASDAQ Esquire Financial Hldgs Finance-Commercial Loans	$43.05	-0.65 -1.49%	$43.96	16,789 59.96% of 50 DAV 50 DAV is 28,000	$48.13 -10.55%	10/18/2022	$40.02	PP = $39.95
								MB = $41.95
Most Recent Note - 12/2/2022 5:41:15 PM G - Pulled back today with below average volume for a 6th loss in the span of 7 sessions. Prior highs and its 50 DMA line ($41.82) coincide in the $41 area defining important near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Pulled Back Following "Negative Reversal" at All-Time High - 11/25/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CCRN - NASDAQ Cross Country Healthcare DIVERSIFIED SERVICES - Staffing and Outsourcing Service	$34.92	-1.72 -4.69%	$36.53	773,213 94.06% of 50 DAV 50 DAV is 822,000	$40.12 -12.96%	9/9/2022	$27.32	PP = $30.61
								MB = $32.14
Most Recent Note - 12/5/2022 5:12:57 PM G - Suffered a big loss today with higher (near average) volume, testing support at its 50 DMA line ($33.70). More damaging losses would raise concerns and trigger a technical sell signal. It recently reported Sep '22 quarterly earnings +75% on +70% sales revenues versus the year ago period. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Big Loss Testing Support at 50-Day Moving Average - 12/5/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CMC - NYSE Commercial Metals Co METALS and MINING - Steel and Iron	$49.21	-0.38 -0.77%	$49.72	894,398 90.53% of 50 DAV 50 DAV is 988,000	$49.69 -0.97%	10/14/2022	$41.61	PP = $44.45
								MB = $46.67
Most Recent Note - 12/2/2022 5:25:00 PM G - Wedged to another new high today with below average volume. It has posted 9 consecutive weekly gains. Fundamentals remain strong. Prior high in the $44 area defines initial support to watch above its 50 DMA line ($43.59). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Wedging Higher With Recent Gains Lacking Great Volume - 12/2/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
VRTX - NASDAQ Vertex Pharmaceuticals Medical-Biomed/Biotech	$317.60	-3.77 -1.17%	$319.69	762,483 49.74% of 50 DAV 50 DAV is 1,533,000	$323.61 -1.86%	10/24/2022	$308.47	PP = $306.05
								MB = $321.35
Most Recent Note - 12/5/2022 5:26:46 PM Y - Pulled back today with light volume breaking a streak of 5 consecutive gains. Its 50 DMA line ($304.35) defines near-term support above recent intra-day lows in the $287-288 area. Recently reported Sep '22 quarterly earnings +14% on +18% sales revenues versus the year ago period, below the +25% minimum earnings guideline raising fundamental concerns (C criteria). Annual earnings (A criteria) history has been strong. >>> FEATURED STOCK ARTICLE : Made Little Progress Following Breakout and Latest Earnings News - 11/16/2022 \| 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	$22.47	-0.50 -2.18%	$22.84	2,029,428 69.86% of 50 DAV 50 DAV is 2,905,000	$24.07 -6.65%	10/25/2022	$22.75	PP = $24.17
								MB = $25.38
Most Recent Note - 12/1/2022 4:24:09 PM Y - Still consolidating above its 50 DMA line ($21.65), perched within striking distance of its 52-week high and pivot point. More damaging losses would raise concerns and trigger a technical sell signal. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Still Perched Near High - 11/17/2022 \| 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
CBZ - NYSE C B I Z Inc Comml Svcs-Consulting	$49.11	-1.05 -2.09%	$49.63	195,303 73.98% of 50 DAV 50 DAV is 264,000	$50.57 -2.89%	10/26/2022	$47.83	PP = $48.57
								MB = $51.00
Most Recent Note - 12/2/2022 5:28:32 PM Y - Posted a 3rd consecutive gain with below average volume today as it managed a best-ever close and challenged its 52-week high. Its 50 DMA line ($46.73) and recent low define important near-term support. Recently reported Sep '22 quarterly earnings +24% on +28% sales revenues versus the year ago period. >>> FEATURED STOCK ARTICLE : Gapped Up and Rebounded Above Pivot Point - 11/18/2022 \| 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	$335.82	-0.18 -0.05%	$339.92	3,880,823 98.75% of 50 DAV 50 DAV is 3,930,000	$324.84 3.38%	10/26/2022	$301.55	PP = $324.94
								MB = $341.19
Most Recent Note - 12/2/2022 12:21:50 PM Y - Hitting a new all-time high with today's volume-driven gain above its pivot point. Faces no resistance due to overhead supply. Its 50 DMA line ($284.50) defines near-term support above the recent low ($262.60 on 11/07/22). Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Perched Near High Still Awaiting Technical Breakout - 11/21/2022 \| 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	$60.91	+0.43 0.71%	$62.09	793,178 168.40% of 50 DAV 50 DAV is 471,000	$61.55 -1.04%	11/1/2022	$55.31	PP = $57.23
								MB = $60.09
Most Recent Note - 12/5/2022 1:06:57 PM G - Color code is changed to green while hitting a new all-time high and trading near its "max buy" level with today's 4th consecutive small gain marked by near average volume. The 11/17/22 low ($53.06) defines important support to watch coinciding with its 50 DMA line ($53). >>> FEATURED STOCK ARTICLE : Harmony Still Hovering Near All-Time High - 11/28/2022 \| 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	$117.60	-6.42 -5.18%	$123.50	341,420 78.67% of 50 DAV 50 DAV is 434,000	$124.49 -5.53%	11/2/2022	$121.59	PP = $124.59
								MB = $130.82
Most Recent Note - 12/5/2022 5:20:54 PM Y - Abruptly reversed from its new all-time high with today's big loss backed by below average volume as it slumped back below the pivot point cited. Its 50 DMA line ($116.40) and recent low ($114.86 on 11/29/22) define important near-term support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Volume-Driven Losses Undercut 50-Day Moving Average - 11/29/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NPO - NYSE Enpro Industries Inc Machinery-Gen Industrial	$115.85	-3.98 -3.32%	$118.50	92,774 93.71% of 50 DAV 50 DAV is 99,000	$127.67 -9.26%	11/4/2022	$119.06	PP = $117.73
								MB = $123.62
Most Recent Note - 12/5/2022 5:24:41 PM Y - Pulled back today with higher (near average) volume, sputtering back below its pivot point raising concerns. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Consolidating Near Old Highs Following Recent Breakout - 12/1/2022 \| 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
DGII - NASDAQ Digi International Inc COMPUTER HARDWARE - Networking and Communication Dev	$40.72	-0.35 -0.85%	$41.32	292,494 73.86% of 50 DAV 50 DAV is 396,000	$43.68 -6.78%	11/10/2022	$41.82	PP = $40.96
								MB = $43.01
Most Recent Note - 12/1/2022 5:37:40 PM Y - Pulled back today with lighter volume after a big gain on the prior session with average volume finishing one cent below its best ever close. Recently wedged above the pivot point cited based on its 10/31/22 high plus 10 cents after forming an advanced "ascending base" pattern. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to confirm a proper technical buy signal. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Finish Below Pivot Point Leaves Disciplined Investors Waiting - 11/10/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
GFF - NYSE Griffon Corporation MATERIALS and CONSTRUCTION - General Building Materials	$34.70	-1.34 -3.72%	$35.47	346,442 93.13% of 50 DAV 50 DAV is 372,000	$36.75 -5.58%	11/10/2022	$34.13	PP = $35.02
								MB = $36.77
Most Recent Note - 12/5/2022 5:23:00 PM Y - Pulled back today with higher (near average) volume following 4 consecutive gains, retreating from near its 52-week high. Prior highs in the $34 area define initial support to watch above its 50 DMA line ($32.26). Reported Sep '22 quarterly earnings +230% on +24% sales revenues versus the year ago period. >>> FEATURED STOCK ARTICLE : Griffon Perched Near 52-Week High After 9-Week Base - 11/11/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ANET - NYSE Arista Networks Inc Computer-Networking	$132.83	-2.21 -1.64%	$134.29	1,305,136 55.85% of 50 DAV 50 DAV is 2,337,000	$148.57 -10.59%	11/14/2022	$132.05	PP = $133.70
								MB = $140.39
Most Recent Note - 12/2/2022 5:26:50 PM Y - Pulled back today with below average volume after recently wedging higher. Subsequent gains and a close above the pivot point must be backed by at least +40% above average volume to trigger a proper technical buy signal. Faces some resistance due to overhead supply up to the $148 level. Fundamentals are strong. >>> FEATURED STOCK ARTICLE : Finished in Middle of Intra-Day Range After Challenging Pivot Point - 11/14/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CPRX - NASDAQ Catalyst Pharma Inc Medical-Biomed/Biotech	$16.98	-0.29 -1.68%	$17.55	2,401,297 103.95% of 50 DAV 50 DAV is 2,310,000	$18.39 -7.67%	11/22/2022	$17.38	PP = $16.66
								MB = $17.49
Most Recent Note - 12/2/2022 12:18:23 PM Y - Posting a solid gain today. Disciplined investors avoid chasing stocks that are extended more than +5% above prior highs or the "max buy" level. Rallied from a 9-week cup-with-handle base with a big gain backed above average volume noted. Reported Sep '22 quarterly earnings +86% on +59% sales revenues versus the year ago period. >>> FEATURED STOCK ARTICLE : Breakout From Cup-With-Handle With 90% Above Average Volume - 11/22/2022 \| 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	$112.01	-9.81 -8.05%	$121.00	408,134 141.22% of 50 DAV 50 DAV is 289,000	$134.90 -16.97%	11/23/2022	$131.27	PP = $130.11
								MB = $136.62
Most Recent Note - 12/5/2022 5:17:08 PM G - Suffered a 3rd consecutive big loss today with higher above average volume, action indicative of more damaging distributional pressure soon after triggering a new technical buy signal, and its color code is changed to green. Disciplined investors always limit losses by selling any stock that falls more than 7-8% from their purchase price. >>> FEATURED STOCK ARTICLE : Hit New High But Encountered Distributional Pressure - 11/23/2022 \| 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
TITN - NASDAQ Titan Machinery Inc SPECIALTY RETAIL	$42.00	-0.45 -1.06%	$43.15	343,582 202.11% of 50 DAV 50 DAV is 170,000	$44.35 -5.30%	11/30/2022	$40.10	PP = $38.68
								MB = $40.61
Most Recent Note - 12/5/2022 1:13:38 PM G - Consolidating after a technical breakout noted on 11/30/22. Finished strong after highlighted in yellow with pivot point cited based on its 11/23/21 high plus 10 cents. Quickly got extended more than +5% above the prior high and its color code was changed to green. Prior high in the $38 area defines initial support to watch. Fundamentals remain strong after reporting Oct '22 quarterly earnings +91% on +47% sales revenues. >>> FEATURED STOCK ARTICLE : Gap Up and Big Volume-Driven Breakout Gain - 11/30/2022 \| 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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