FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, December 22nd, 2022

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AFTER MARKET UPDATE - THURSDAY, DECEMBER 22ND, 2022

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Indices				NYSE			Nasdaq
DOW	-348.99	33,027.49	-1.05%	Volume	823,300,780	+0%	Volume	5,046,640,100	+16%
NASDAQ	-233.25	10,476.12	-2.18%	Advancers	670	22%	Advancers	1,445	32%
S&P 500	-56.05	3,822.39	-1.45%	Decliners	2,369	78%	Decliners	3,095	68%
Russell 2000	-22.85	1,754.09	-1.29%	52 Wk Highs	47		52 Wk Highs	96
S&P 600	-14.34	1,153.05	-1.23%	52 Wk Lows	201		52 Wk Lows	484

TODAY'S SPECIAL NOTICE

The market is in an uptrend under pressure (M criteria) and again showing the threatening look of a more serious market correction. Thin leadership has become a warning sign that the sputtering rally is lacking what it takes to be sustained.

Breadth Negative as Indices Slumped With Higher Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow lost 348 points, while the technology heavy Nasdaq Composite declined 2.2%. The S&P 500 decreased 1.5% with all S&P sectors finishing in negative territory. Volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange. Decliners led advancers by more than a 3-1 margin on the NYSE and by 2-1 on the Nasdaq exchange. Leadership thinned as there were only 2 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 13 on the prior session. New 52-week lows totals swelled and solidly outnumbered shrinking new 52-week highs totals on the NYSE and on the Nasdaq exchange. The market is in an uptrend under pressure (M criteria) while showing the threatening look of a more serious market correction. 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 has slumped below its 50-day moving average (DMA) line after briefly trading above its 200 DMA line. It is currently perched +8.7% above its October 13th low.

U.S. equities declined Thursday after today’s economic data came in better-than-expected. Initial jobless claims for the week ended December 17 increased by 2,000 from the previous week’s revised 214,000 print; however, last week’s reading still remains around historical lows as employers continue to hold on to workers despite the possibility of an economic slowdown. Meanwhile, the Commerce Department reported stronger-than-expected economic growth in its revised Gross Domestic Product (GDP) report for the third quarter. The economy grew by a seasonally adjusted 3.2%, snapping two previous quarters of contractions.

On the data front, third quarter personal consumption increased 2.3%, and core Personal Consumption Expenditures (PCE) increased 4.7%, beating analyst estimates of 1.7% and 4.6%, respectively. Also, Conference Board’s Leading Economic Index fell 1% in November, missing estimates of -0.5%.

Treasury yields increased as investors remain concerned the Federal Reserve (Fed) will continue raising rates, tipping the economy into a recession. The yield on the benchmark 10-year note gained one basis point (0.01%) to 3.68%, while the 30-year bond yield advanced one basis point (0.01%) to 3.74%. The yield on the more Fed-sensitive two-year note increased seven basis points (0.07%) to 4.28%. In commodities, West Texas Intermediate (WTI) crude dropped 0.2% to $78.15/barrel after a choppy day of trading as U.S. inventories shrunk by 5.9 million barrels last week, dropping below the five-year average. Elsewhere, traders are continuing to assess the recent sanctions on Russian oil as exports start to decrease.

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.

Semiconductor, Energy, and Retail Indexes Led Group Decliners
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -2.08%), Broker/Dealer Index ($XBD -1.03%), and Bank Index ($BKX -0.45%) each lost ground and created a drag on the major averages. The Semiconductor Index ($SOX -4.20%) led the tech retreat while the Networking Index ($NWX -1.60%) also fell and the Biotech Index ($BTK +0.18%) eked out a tiny gain. Energy-linked shares had a negative bias as the Oil Services Index ($OSX -3.02%) and Integrated Oil Index ($XOI -2.53%) both outpaced the Gold & Silver Index ($XAU -0.68%) to the downside.

Chart courtesy of www.stockcharts.com

PICTURED: The Networking Index ($NWX -1.60%) has slumped below its 50-day ands 200-day moving average (DMA) lines after challenging its August high last week.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	80.25	-2.50	-3.02%	+52.21%
Integrated Oil	$XOI	1,726.03	-44.84	-2.53%	+46.50%
Semiconductor	$SOX	2,533.33	-111.17	-4.20%	-35.80%
Networking	$NWX	772.66	-12.53	-1.60%	-20.43%
Broker/Dealer	$XBD	447.63	-4.67	-1.03%	-8.06%
Retail	$RLX	2,733.78	-57.98	-2.08%	-35.32%
Gold & Silver	$XAU	121.09	-0.83	-0.68%	-8.58%
Bank	$BKX	98.83	-0.44	-0.45%	-25.26%
Biotech	$BTK	5,366.93	+9.68	+0.18%	-2.75%

Found Support Recently Near Pivot Point and Prior Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Esquire Financial Hldgs (ESQ -$0.28 or -0.65% to $42.74) managed a "positive reversal" on 12/16/22 finding support near the pivot point and prior highs. However, it has been meeting resistance when rebounding to its 50-day moving average (DMA) line ($43.16). Gains above the 50 DMA line are needed for its outlook to improve.

ESQ was highlighted in yellow with pivot point cited based on its 9/16/22 high plus 10 cents. It was last shown in this FSU section on 11/25/22 with an annotated graph under the headline, "Pulled Back Following "Negative Reversal" at All-Time High". This thinly-traded holding company in the Finance - Commercial Loans industry group has a small supply (S criteria) of only 6.5 million shares in the public float, which can contribute to greater price volatility in the event of institutional buying or selling. It completed its $14 IPO on 6/29/17. The number of top-rated funds owning its shares rose form 64 in Sep '21 to 171 in Sep '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.

ESQ has a 98 Earnings Per Share Rating. It reported earnings +49% on +36% sales revenues for the Sep '22 quarter versus the year-ago period, the 5th consecutive quarterly comparison with an earnings increase above the +25% minimum guideline. Its annual earnings growth (A criteria) history has been strong.

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	$42.74	-0.28 -0.65%	$43.06	13,844 49.44% of 50 DAV 50 DAV is 28,000	$48.13 -11.20%	10/18/2022	$40.02	PP = $39.95
								MB = $41.95
Most Recent Note - 12/22/2022 6:32:13 PM G - Managed a "positive reversal" on 12/16/22 finding support above its pivot point and near prior highs in the $41 area. Gains above the 50 DMA line are needed for its outlook to improve but that short-term average has been acting as resistance. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Found Support Recently Near Pivot Point and Prior Highs - 12/22/2022 \| 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	$48.96	-0.85 -1.71%	$49.84	975,203 91.74% of 50 DAV 50 DAV is 1,063,000	$50.83 -3.68%	10/14/2022	$41.61	PP = $44.45
								MB = $46.67
Most Recent Note - 12/21/2022 5:59:13 PM G - Managed a best-ever close with today's gain backed by lighter than average volume. Consolidating above its 50 DMA line ($46.46) and prior highs in the $46 area defining important near-term support to watch. Fundamentals remain strong. >>> 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	$293.92	+3.37 1.16%	$294.34	1,164,413 76.56% of 50 DAV 50 DAV is 1,521,000	$324.75 -9.49%	10/24/2022	$308.47	PP = $306.05
								MB = $321.35
Most Recent Note - 12/19/2022 5:48:44 PM G - Gapped down today for a damaging loss triggering a technical sell signal and its color code is changed to green. Only a prompt rebound above the 50 DMA line ($307.76) would help its outlook improve. 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). >>> FEATURED STOCK ARTICLE : Testing Support Near 50-Day Moving Average Line and Prior Pivot - 12/13/2022 \| 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	$21.95	+0.15 0.69%	$21.99	4,194,113 136.53% of 50 DAV 50 DAV is 3,072,000	$24.07 -8.81%	10/25/2022	$22.75	PP = $24.17
								MB = $25.38
Most Recent Note - 12/21/2022 12:29:31 PM G - Consolidating near its 200 DMA line ($21.51) after losses raised concerns and triggered a technical sell signal. Color code was changed to green. A prompt rebound above the 50 DMA line is needed for its outlook to improve Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Violated 50-Day Moving Average After Recently Failing to Break Out - 12/15/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CBZ - NYSE C B I Z Inc Comml Svcs-Consulting	$47.21	-0.61 -1.28%	$47.75	138,258 54.22% of 50 DAV 50 DAV is 255,000	$51.67 -8.63%	10/26/2022	$47.83	PP = $48.57
								MB = $51.00
Most Recent Note - 12/19/2022 5:43:43 PM G - Pulled back for a 4th consecutive loss and its color code is changed to green after violating its 50 DMA line ($47.83) triggering a technical sell signal. Recently reported Sep '22 quarterly earnings +24% on +28% sales revenues versus the year ago period. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Fourth Straight Loss in Slump Violating 50-Day Moving Average Line - 12/19/2022 \| 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
ENPH - NASDAQ Enphase Energy Inc Energy-Solar	$298.87	-18.23 -5.75%	$316.00	3,071,791 83.56% of 50 DAV 50 DAV is 3,676,000	$339.92 -12.08%	10/26/2022	$301.55	PP = $324.94
								MB = $341.19
Most Recent Note - 12/22/2022 6:38:12 PM Y - Promptly negated the prior session's solid gain with today's big loss on lighter (below average) volume while retesting support near its 50 DMA line ($297). Recent slump below its pivot point raised concerns. The 12/21/22 low ($290.06) defines important near-term support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Found Support With a Solid Gain at 50-Day Moving Average Line - 12/21/2022 \| 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	$57.25	+0.06 0.10%	$57.47	191,943 40.09% of 50 DAV 50 DAV is 478,800	$62.09 -7.80%	11/1/2022	$55.31	PP = $57.23
								MB = $60.09
Most Recent Note - 12/21/2022 6:07:42 PM Y - Consolidating near its prior highs after briefly sputtering back below the pivot point. Its 50 DMA line ($55.94) and 11/17/22 low ($53.06) define important near-term support to watch. >>> 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	$113.61	-2.70 -2.32%	$115.26	172,030 42.48% of 50 DAV 50 DAV is 405,000	$125.41 -9.41%	11/2/2022	$121.59	PP = $124.59
								MB = $130.82
Most Recent Note - 12/21/2022 5:57:07 PM G - Posted a 2nd consecutive gain today with lighter volume after damaging losses violated its 50 DMA line ($117.20) and the recent low ($114.86 on 11/29/22) triggering technical sell signals. Only a prompt rebound above the 50 DMA line would help its outlook improve. 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
DGII - NASDAQ Digi International Inc COMPUTER HARDWARE - Networking and Communication Dev	$37.11	-1.00 -2.62%	$37.88	168,210 48.62% of 50 DAV 50 DAV is 346,000	$43.68 -15.04%	11/10/2022	$41.82	PP = $40.96
								MB = $43.01
Most Recent Note - 12/22/2022 6:41:14 PM It will be dropped from the Featured Stocks list tonight. Still sputtering below its 50 DMA line ($39) after damaging losses triggered a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve. 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	$34.98	-0.02 -0.06%	$35.00	310,854 79.10% of 50 DAV 50 DAV is 393,000	$37.69 -7.19%	11/10/2022	$34.13	PP = $35.02
								MB = $36.77
Most Recent Note - 12/16/2022 6:38:10 PM Y - Managed a "positive reversal" today after slumping near prior highs in the $34 area which define initial support to watch above its 50 DMA line ($33.19). Reported Sep '22 quarterly earnings +230% on +24% sales revenues versus the year ago period. >>> 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
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
ANET - NYSE Arista Networks Inc Computer-Networking	$120.37	-2.96 -2.40%	$122.22	1,727,462 70.48% of 50 DAV 50 DAV is 2,451,000	$148.57 -18.98%	11/14/2022	$132.05	PP = $133.70
								MB = $140.39
Most Recent Note - 12/22/2022 6:35:14 PM It will be dropped from the Featured Stocks list tonight. Sputtering below its 50-day moving average (DMA) line after a spurt of losses. A rebound above the 50 DMA line ($124.77) is needed for its outlook to improve. Faces some resistance due to overhead supply up to the $148 level. Fundamentals remain are strong. >>> FEATURED STOCK ARTICLE : Sputtered Back Below Prior High Hurting Outlook - 12/9/2022 \| 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	$19.35	-0.15 -0.77%	$19.70	2,451,328 103.83% of 50 DAV 50 DAV is 2,361,000	$19.78 -2.17%	11/22/2022	$17.38	PP = $16.66
								MB = $17.49
Most Recent Note - 12/21/2022 12:19:16 PM G - Powering to a new all-time high with today's 3rd consecutive gain, rallying further above its "max buy" level. Found prompt support near the prior high and well above its 50 DMA line ($15.39). >>> FEATURED STOCK ARTICLE : Powerful Rally to New High for Catalyst - 12/20/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TITN - NASDAQ Titan Machinery Inc SPECIALTY RETAIL	$38.11	-0.38 -0.99%	$38.20	250,231 123.27% of 50 DAV 50 DAV is 203,000	$44.35 -14.07%	11/30/2022	$40.10	PP = $38.68
								MB = $40.61
Most Recent Note - 12/21/2022 6:08:48 PM Y - Still consolidating near the prior high in the $38 area which defines initial support to watch above its 50 DMA line ($35.77). 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	$23.25	+0.06 0.26%	$23.29	295,379 181.21% of 50 DAV 50 DAV is 163,000	$25.55 -9.00%	12/8/2022	$23.94	PP = $25.65
								MB = $26.93
Most Recent Note - 12/21/2022 6:01:35 PM Y - Posted a solid gain today with +82% above average volume. Still faces resistance due to overhead supply. Disciplined investors will note that it has failed thus far to produce the gains above the pivot point backed by at least +40% above average volume necessary to trigger a technical buy signal. >>> 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
BOX - NYSE Box Inc Cl A Computer Sftwr-Database	$31.02	-0.32 -1.02%	$31.15	798,084 69.10% of 50 DAV 50 DAV is 1,155,000	$33.04 -6.11%	12/12/2022	$29.83	PP = $29.57
								MB = $31.05
Most Recent Note - 12/21/2022 6:05:41 PM G - Still consolidating in a tight range near its "max buy" level. Faces little very resistance due to overhead supply up to the $33 level. Quarterly and annual earnings increases have been strong and steady. >>> FEATURED STOCK ARTICLE : Volume Heavy Behind Breakout for Box Inc - 12/12/2022 \| 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
STRL - NASDAQ Sterling Infrastructure MATERIALS and; CONSTRUCTION - Heavy Construction	$32.28	+0.48 1.51%	$32.53	200,392 102.24% of 50 DAV 50 DAV is 196,000	$33.62 -3.99%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 12/21/2022 6:03:46 PM Y - Posted a solid gain today with +32% above average volume, breaking a streak of 5 consecutive losses. Highlighted in yellow with pivot point cited based on its 11/08/22 high plus 10 cents in the 12/14/22 mid-day report. Consolidating in a tight range near its all-time high. Faces very little resistance due to overhead supply. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a proper technical buy signal. >>> FEATURED STOCK ARTICLE : Sterling Infrastructure Forming Orderly Base Pattern - 12/14/2022 \| 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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