FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, December 8th, 2022

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AFTER MARKET UPDATE - THURSDAY, DECEMBER 8TH, 2022

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Indices				NYSE			Nasdaq
DOW	+183.56	33,781.48	+0.55%	Volume	842,744,342	-6%	Volume	4,230,077,700	-2%
NASDAQ	+123.45	11,082.00	+1.13%	Advancers	1,662	55%	Advancers	2,586	57%
S&P 500	+29.59	3,963.51	+0.75%	Decliners	1,344	45%	Decliners	1,965	43%
Russell 2000	+11.39	1,818.29	+0.63%	52 Wk Highs	49		52 Wk Highs	111
S&P 600	+5.54	1,199.41	+0.46%	52 Wk Lows	71		52 Wk Lows	254

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

The Dow added 183 points, while the Nasdaq Composite climbed 1.1%. The S&P 500 advanced 0.8%. Volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange. Breadth was slightly positive as advancers led decliners by an 8-7 margin on the NYSE and 5-4 the Nasdaq exchange. There were 15 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 11 on the prior session. New 52-week lows totals outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. The market uptrend (M criteria) encountered some recent pressure. Healthy leadership (new 52-week highs totals) must continue for the rally be productive, but new highs totals have recently contracted. 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 met resistance near its 200-day moving average (DMA) line. It must be trading above that long-term average to be considered to be in "healthy" shape.

U.S. equities finished higher as Wall Street looked ahead to upcoming inflation data and next week’s Federal reserve (Fed) meeting. Tomorrow, the November Producer Price Index (PPI) data is set to be released and is expected to show wholesale prices have eased. Nine of 11 S&P 500 sectors finished in positive territory, with Information Technology pacing gains.

On the data front, initial jobless claims increased to 230,000 in the week ended December 3, up from the prior week’s 226,000 print. While claims increased, they remain near historic lows and provide minimal evidence of a softening labor market. Treasury yields climbed as investors remain uncertain about the future course of interest rate hikes from the Fed. The yield on the benchmark 10-year note climbed eight basis points (0.08%) to 3.49%, while the yield on the 30-year bond increased two basis points (0.02%) to 3.44%. The yield on the two-year note, which is more sensitive to changes in Fed policy, gained seven basis points (0.07%) to 4.32%. In commodities, West Texas Intermediate (WTI) crude reversed earlier gains to fall 0.8% to $71.45/barrel following reports a major crude pipeline from Canada to the U.S. is resuming services after being shut due to a leak. Today’s moves brought the domestic benchmark to a fresh 2022 low. The U.S. Dollar Index slipped 0.3% as investors look towards next week’s rate decisions from the Fed, the European Central Bank, and the Bank of England.

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 Tech Indexes Posted Solid Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The tech sector unanimous gains from the Semiconductor Index ($SOX +2.67%), Networking Index ($NWX +3.91%), and Biotech Index ($BTK +0.95%). The Retail Index ($RLX +1.21%) posted a solid gain while the Broker/Dealer Index ($XBD +0.18%) and Bank Index ($BKX +0.18%) both edged higher. The Integrated Oil Index ($XOI -0.96%) lost ground while the Oil Services Index ($OSX +0.09%) and Gold & Silver Index ($XAU +0.18%) were little changed.

Chart courtesy of www.stockcharts.com

PICTURED: The Networking Index ($NWX +3.91%) posted a big gain rallying from near its 50-day and 200-day moving average (DMA) lines.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	78.06	+0.07	+0.09%	+48.07%
Integrated Oil	$XOI	1,716.01	-16.64	-0.96%	+45.65%
Semiconductor	$SOX	2,744.73	+71.48	+2.67%	-30.45%
Networking	$NWX	824.09	+31.05	+3.91%	-15.14%
Broker/Dealer	$XBD	468.16	+0.83	+0.18%	-3.84%
Retail	$RLX	2,875.35	+34.41	+1.21%	-31.97%
Gold & Silver	$XAU	121.77	+0.21	+0.18%	-8.06%
Bank	$BKX	100.47	+0.18	+0.18%	-24.01%
Biotech	$BTK	5,309.37	+49.71	+0.95%	-3.79%

Myers Industries on Track for 9th Straight Weekly Gain
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Myers Industries Inc (MYE +$0.91 or +4.01% to $23.63) posted a solid gain today with +157% above average volume. It was highlighted in yellow in the earlier mid-day report (read here). Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. It is on track for its 9th consecutive weekly gain.

The Sep '22 quarter showed +78% earnings on +14% sales revenues versus the year ago period. The past 4 quarterly comparisons were above the +25% minimum guideline (C criteria), however, its sales revenues growth rate has shown deceleration in sequential comparisons +45%, +29%, +24%, to +14%. Annual earnings (A criteria) history had a slight downturn in FY '19 but growth has been otherwise strong and steady.

It hails from the Containers/Packaging industry group which is now ranked 34th on the 197 Industry Groups list (L criteria). There are only 36.5 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 was 140 in Dec '21 and was reported at 335 as of Sep '22. However, its current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation over the past 50 days (I criteria).

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	$43.38	+0.59 1.38%	$43.73	11,211 40.04% of 50 DAV 50 DAV is 28,000	$48.13 -9.87%	10/18/2022	$40.02	PP = $39.95
								MB = $41.95
Most Recent Note - 12/7/2022 3:23:46 PM G - Pulling back today with below average volume for a 9th loss in the span of 10 sessions. Prior highs and its 50 DMA line ($42.10) coincide in the $41 area defining important near-term support to watch. >>> 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	$31.75	-0.59 -1.82%	$33.43	732,201 89.73% of 50 DAV 50 DAV is 816,000	$40.12 -20.86%	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	$49.79	+0.52 1.06%	$50.27	793,356 79.49% of 50 DAV 50 DAV is 998,000	$50.83 -2.05%	10/14/2022	$41.61	PP = $44.45
								MB = $46.67
Most Recent Note - 12/7/2022 3:21:46 PM G - Reversed into the red after hitting yet another new high with today's early gain. It posted 9 consecutive weekly gains. Fundamentals remain strong. Prior high in the $44 area defines initial support to watch above its 50 DMA line ($44.40). >>> 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	$321.32	+3.74 1.18%	$324.75	1,136,582 76.08% of 50 DAV 50 DAV is 1,494,000	$323.61 -0.71%	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	$22.22	-0.39 -1.72%	$22.84	4,487,044 156.73% of 50 DAV 50 DAV is 2,863,000	$24.07 -7.69%	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	$49.36	+0.69 1.42%	$49.60	345,158 133.27% of 50 DAV 50 DAV is 259,000	$50.57 -2.39%	10/26/2022	$47.83	PP = $48.57
								MB = $51.00
Most Recent Note - 12/7/2022 3:19:32 PM Y - Pulling back for a 3rd consecutive small loss with below average volume, hovering near its 52-week high. Its 50 DMA line ($47.07) 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	$319.87	+2.82 0.89%	$324.88	2,330,685 58.35% of 50 DAV 50 DAV is 3,994,000	$339.92 -5.90%	10/26/2022	$301.55	PP = $324.94
								MB = $341.19
Most Recent Note - 12/7/2022 12:03:40 PM Y - Holding its ground today after a slump back below its pivot point with a volume-driven loss on the prior session raised concerns. 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 ($287) 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	$59.84	-0.18 -0.30%	$60.17	341,072 70.50% of 50 DAV 50 DAV is 483,800	$62.09 -3.62%	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	$118.49	-0.28 -0.24%	$119.84	256,970 61.04% of 50 DAV 50 DAV is 421,000	$125.41 -5.52%	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	$112.09	-0.26 -0.23%	$114.64	73,328 73.33% of 50 DAV 50 DAV is 100,000	$127.67 -12.20%	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	$40.12	+0.99 2.53%	$40.71	161,627 40.21% of 50 DAV 50 DAV is 402,000	$43.68 -8.15%	11/10/2022	$41.82	PP = $40.96
								MB = $43.01
Most Recent Note - 12/8/2022 5:32:52 PM Y - Posted a gain today with lighter volume halting a streak of 5 consecutive losses. Raised concerns as it sank below the pivot point cited based on its 10/31/22 high plus 10 cents after forming an advanced "ascending base" pattern. Its 50 DMA line ($38.48) defines important near-term support to watch. Fundamentals remain strong. >>> 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	$34.99	+0.25 0.72%	$35.57	366,885 100.52% of 50 DAV 50 DAV is 365,000	$36.75 -4.79%	11/10/2022	$34.13	PP = $35.02
								MB = $36.77
Most Recent Note - 12/7/2022 5:28:36 PM Y - Perched near its 52-week high, consolidating near prior highs in the $34 area which define initial support to watch above its 50 DMA line ($32.51). Reported Sep '22 quarterly earnings +230% on +24% sales revenues versus the year ago period. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : No Meaningful Progress After Breakout 3 Weeks Ago - 12/7/2022 \| 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	$128.13	+1.37 1.08%	$128.68	2,724,124 114.75% of 50 DAV 50 DAV is 2,374,000	$148.57 -13.76%	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	$16.80	-0.02 -0.12%	$17.10	968,243 42.54% of 50 DAV 50 DAV is 2,276,000	$18.39 -8.65%	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	$106.15	+2.64 2.55%	$111.04	595,254 190.79% of 50 DAV 50 DAV is 312,000	$134.90 -21.31%	11/23/2022	$131.27	PP = $130.11
								MB = $136.62
Most Recent Note - 12/8/2022 5:30:39 PM Posted a gain today halting a damaging 5 session losing streak. Gapped down on the prior session violating its 50 DMA line ($107) after pricing an upsized Secondary Offering. Prior losses were noted as action indicative of more damaging distributional pressure soon after triggering a new technical buy signal. It will be dropped from the Featured Stocks list tonight. Members were reminded - "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	$40.55	+0.59 1.48%	$40.97	161,614 86.42% of 50 DAV 50 DAV is 187,000	$44.35 -8.57%	11/30/2022	$40.10	PP = $38.68
								MB = $40.61
Most Recent Note - 12/7/2022 12:13:47 PM Y - Prior high in the $38 area defines initial support to watch. Pulling back below its "max buy" level and its color code was changed to yellow. On track for a 5th consecutive loss with above average volume after a technical breakout noted on 11/30/22. 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
MYE - NYSE Myers Industries Inc Containers/Packaging	$23.63	+0.91 4.01%	$24.12	304,313 257.89% of 50 DAV 50 DAV is 118,000	$25.55 -7.51%	12/8/2022	$23.94	PP = $25.65
								MB = $26.93
Most Recent Note - 12/8/2022 5:27:46 PM Y - Posted a solid gain with +157% above average volume today and finished strong after highlighted in yellow with pivot point cited based on its 6/06/22 high plus 10 cents in the earlier mid-day report. It is rebounding near its 52-week high while on track for a 9th consecutive weekly gain. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. The Sep '22 quarter showed +78% earnings on +14% sales revenues versus the year ago period. The past 4 quarterly comparisons were above the +25% minimum guideline (C criteria), however, its sales revenues growth rate has shown deceleration in sequential comparisons +45%, +29%, +24%, to +14%. Annual earnings (A criteria) history had a slight downturn in FY '19 but growth has been otherwise strong and steady. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Myers Industries on Track for 9th Straight Weekly Gain - 12/8/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I

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