FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Tuesday, December 6th, 2022

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AFTER MARKET UPDATE - TUESDAY, DECEMBER 6TH, 2022

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Indices				NYSE			Nasdaq
DOW	-350.76	33,596.34	-1.03%	Volume	979,777,136	+7%	Volume	4,674,119,900	+5%
NASDAQ	-225.05	11,014.89	-2.00%	Advancers	868	29%	Advancers	1,383	30%
S&P 500	-57.58	3,941.26	-1.44%	Decliners	2,147	71%	Decliners	3,202	70%
Russell 2000	-27.65	1,812.58	-1.50%	52 Wk Highs	37		52 Wk Highs	68
S&P 600	-11.33	1,199.54	-0.94%	52 Wk Lows	114		52 Wk Lows	312

Leadership Wanes as Major Indices Encounter Distributional Pressure
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow shed 350 points, while the Nasdaq Composite fell 2% amid a sell-off in large-cap Technology companies. The S&P 500 declined 1.4%. Volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange, action indicative of distributional pressure or an increase in institutional selling. Breadth was negative as decliners led advancers by more than a 2-1 margin on the NYSE and on the Nasdaq exchange. There were only 7 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, down from the total of 27 on the prior session. New 52-week lows totals expanded and outnumbered shrinking new 52-week highs on the NYSE and on the Nasdaq exchange. The market uptrend (M criteria) has encountered new pressure. Healthy leadership (new 52-week highs totals) must continue for the rally be productive, but new highs totals have been waning. 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 Nasdaq Composite Index has slumped back near its 50-day moving average (DMA) line with 3 consecutive losses. Recent rallies have not come close to the 200 DMA line, however, for any index to be considered in truly "healthy" shape it must be trading above its 200 DMA line. Improvement is needed. Meanwhile, any deterioration below the 50 DMA toward prior lows would be a worrisome sign.

US. equities finished lower Tuesday to extend Monday’s rout. Heightened worries over the future course of interest rate hikes and growing recessionary fears weighed on investor sentiment and sent stocks tumbling. Ten of 11 sectors in the S&P 500 finished in negative territory, with Utilities the sole gainer.

On the data front, the U.S. trade balance showed the trade deficit widened in October amid a surge in imports and a decline in exports. Meanwhile, Georgia’s Senate run-off election is occurring today. Voters will choose between Democratic incumbent Raphael Warnock or Republican Herschel Walker.

Treasuries rallied despite uncertainty over the Federal Reserve’s (Fed) monetary policy path. The yield on the benchmark 10-year note shed seven basis points (0.07%) to 3.52%, while the yield on the 30-year bond declined seven basis points (0.07%) to 3.53%. The yield on the two-year note, which is more sensitive to changes in Fed policy, fell five basis points (0.05%) to 4.35%. In commodities, West Texas Intermediate (WTI) crude dropped 3.3% to $74.41/barrel after touching its lowest level since December 2021 during the session. Concerns over the global demand outlook have overshadowed reports China is easing their COVID-19 restrictions and the price cap on Russian crude products. The U.S. Dollar index climbed 0.2% against a basket of major currencies as investors flocked to the perceived safe-haven asset.

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
The Retail Index ($RLX -1.94%), Bank Index ($BKX -1.63%) and Broker/Dealer Index ($XBD -0.81%) each lost ground. The tech sector had a negative bias as the Semiconductor Index ($SOX -2.36%), Networking Index ($NWX -1.96%), and Biotech Index ($BTK -1.76%) suffered unanimous losses. The Oil Services Index ($OSX -1.83%) and Integrated Oil Index ($XOI -2.63%) both lost ground and the Gold & Silver Index ($XAU -0.65%) also edged lower.

Chart courtesy of www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD -0.81%) lost ground and slumped near its August high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	79.81	-1.49	-1.83%	+51.38%
Integrated Oil	$XOI	1,739.71	-46.99	-2.63%	+47.66%
Semiconductor	$SOX	2,673.53	-64.52	-2.36%	-32.25%
Networking	$NWX	803.83	-16.04	-1.96%	-17.22%
Broker/Dealer	$XBD	472.42	-3.88	-0.81%	-2.97%
Retail	$RLX	2,829.79	-55.96	-1.94%	-33.05%
Gold & Silver	$XAU	119.41	-0.78	-0.65%	-9.85%
Bank	$BKX	100.07	-1.66	-1.63%	-24.32%
Biotech	$BTK	5,233.24	-93.72	-1.76%	-5.17%

Sputtering After Recently Wedging to New Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Digi International Inc (DGII -$0.56 or -1.38% to $40.16) pulled back today for a 4th consecutive small loss with lighter volume. Recently it 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.

DGII was highlighted in yellow with pivot point cited based on its 10/31/22 high plus 10 cents in the 11/10/22 mid-day report (read here) and analyzed in greater detail that evening with an annotated graph under the headline, "Finish Below Pivot Point Leaves Disciplined Investors Waiting".

DGII has a highest possible 99 Earnings Per Share Rating. It reported Sep '22 quarterly earnings +80% on +34% sales revenues versus the year ago period, its 3rd strong quarterly comparison well above the +25% minimum earnings guideline (C criteria), helping it better match the fact-based investment system's winning models. Annual earnings (A criteria) history has been strong after a downturn in FY '17-18.

The company hails from the Computer - Networking group which is currently ranked 3rd on the 197 Industry Groups list (L criteria). The small supply of only 35.6 million shares outstanding 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 308 in Dec '21 to 376 in Sep '22, a reassuring sign concerning the I criteria. It has an Accumulation/Distribution Rating of A, a Timeliness Rating of A, and a 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	$42.89	-0.16 -0.37%	$43.30	14,860 53.07% of 50 DAV 50 DAV is 28,000	$48.13 -10.89%	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	$33.52	-1.40 -4.01%	$35.45	593,327 73.07% of 50 DAV 50 DAV is 812,000	$40.12 -16.45%	9/9/2022	$27.32	PP = $30.61
								MB = $32.14
Most Recent Note - 12/6/2022 5:31:09 PM G - Suffered a 2nd consecutive loss with below average volume today, but slumped and closed below its 50 DMA line ($33.81) raising concerns. More damaging losses may trigger a worrisome technical sell signal. It recently reported Sep '22 quarterly earnings +75% on +70% sales revenues versus the year ago period. >>> 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	$49.74	+0.53 1.08%	$49.80	871,894 88.34% of 50 DAV 50 DAV is 987,000	$49.77 -0.06%	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	$311.81	-5.79 -1.82%	$317.28	1,064,354 70.21% of 50 DAV 50 DAV is 1,516,000	$323.61 -3.65%	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	$22.76	+0.29 1.29%	$22.77	2,239,092 77.26% of 50 DAV 50 DAV is 2,898,000	$24.07 -5.44%	10/25/2022	$22.75	PP = $24.17
								MB = $25.38
Most Recent Note - 12/6/2022 5:36:47 PM Y - Volume totals have been cooling while still consolidating above its 50 DMA line ($21.80), 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	$48.72	-0.39 -0.79%	$49.20	169,675 64.27% of 50 DAV 50 DAV is 264,000	$50.57 -3.66%	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	$309.73	-26.09 -7.77%	$335.00	5,595,663 141.77% of 50 DAV 50 DAV is 3,947,000	$339.92 -8.88%	10/26/2022	$301.55	PP = $324.94
								MB = $341.19
Most Recent Note - 12/6/2022 12:10:04 PM Y - Pulling back today with volume-running at an above average pace. Stalled after hitting a new all-time high on 12/02/22 with a volume-driven gain above its pivot point. Faces no resistance due to overhead supply. Its 50 DMA line ($286.46) 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	$59.65	-1.26 -2.07%	$60.67	451,466 94.23% of 50 DAV 50 DAV is 479,100	$62.09 -3.93%	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	$117.13	-0.47 -0.40%	$118.62	336,118 79.09% of 50 DAV 50 DAV is 425,000	$125.41 -6.60%	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	$115.24	-0.61 -0.53%	$115.94	86,866 87.74% of 50 DAV 50 DAV is 99,000	$127.67 -9.74%	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	$40.16	-0.56 -1.38%	$40.67	242,009 60.81% of 50 DAV 50 DAV is 398,000	$43.68 -8.06%	11/10/2022	$41.82	PP = $40.96
								MB = $43.01
Most Recent Note - 12/6/2022 5:27:37 PM Y - Pulled back today with lighter volume for a 4th consecutive small loss. 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. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Sputtering After Recently Wedging to New Highs - 12/6/2022 \| 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	$35.18	+0.48 1.38%	$35.35	300,812 82.19% of 50 DAV 50 DAV is 366,000	$36.75 -4.27%	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	$129.04	-3.79 -2.85%	$133.76	2,067,599 88.89% of 50 DAV 50 DAV is 2,326,000	$148.57 -13.15%	11/14/2022	$132.05	PP = $133.70
								MB = $140.39
Most Recent Note - 12/6/2022 5:28:41 PM Y - Pulled back today with near average volume for a 3rd consecutive loss 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	$16.46	-0.52 -3.06%	$17.09	2,295,563 99.98% of 50 DAV 50 DAV is 2,296,000	$18.39 -10.49%	11/22/2022	$17.38	PP = $16.66
								MB = $17.49
Most Recent Note - 12/6/2022 5:35:23 PM Y - Pulled back today for a 2nd consecutive loss with near average volume, but slumped below its pivot point raising some concerns. Still consolidating well above its 50 DMA line ($14.37). >>> 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	$110.37	-1.64 -1.46%	$114.54	256,770 87.34% of 50 DAV 50 DAV is 294,000	$134.90 -18.18%	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	$39.30	-2.70 -6.43%	$42.79	596,137 336.80% of 50 DAV 50 DAV is 177,000	$44.35 -11.39%	11/30/2022	$40.10	PP = $38.68
								MB = $40.61
Most Recent Note - 12/6/2022 12:28:19 PM Y - Pulling back below its "max buy" level today and its color code is changed to yellow, on track for a 4th consecutive loss with above average volume, consolidating after a technical breakout noted on 11/30/22. 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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