FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Friday, December 30th, 2022

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AFTER MARKET UPDATE - FRIDAY, DECEMBER 30TH, 2022

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Indices				NYSE			Nasdaq
DOW	-73.55	33,147.25	-0.22%	Volume	756,584,200	+11%	Volume	3,903,776,500	-5%
NASDAQ	-11.61	10,466.48	-0.11%	Advancers	1,345	45%	Advancers	2,224	48%
S&P 500	-9.78	3,839.50	-0.25%	Decliners	1,649	55%	Decliners	2,370	52%
Russell 2000	-5.00	1,761.25	-0.28%	52 Wk Highs	49		52 Wk Highs	101
S&P 600	-5.21	1,157.53	-0.45%	52 Wk Lows	72		52 Wk Lows	181

TODAY'S SPECIAL NOTICE

The market is in a correction (M criteria). Thin leadership was a recent warning sign as weakness in the major averages was noted. Disciplined investors know to avoid new buying, reduce exposure and raise cash until a new confirmed rally with a solid follow-through day is noted.

Major Averages Finish a Tough Year Still Sputtering
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow lost 73 points, while the Nasdaq Composite declined 0.1%. The S&P 500 decreased 0.3%. Volume totals were mixed, higher than the prior session on the NYSE and lighter on the Nasdaq exchange. Decliners narrowly led advancers on the NYSE and on the Nasdaq exchange. There were 5 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page matching the total of 5 on the prior session. New 52-week lows outnumbered new 52-week highs totals on the NYSE and on the Nasdaq exchange. The market is in a correction (M criteria). Disciplined investors know to avoid new buying, reduce exposure and raise cash until a new confirmed rally with a solid follow-through day is noted.

Chart courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average closed below its 50-day moving average (DMA) line with a loss on higher volume.

U.S. equities finished in the red Friday, snapping a three-year winning streak, as investors continue to forecast an inevitable recession in 2023. Nine of the 11 sectors in the S&P 500 finished the week in negative territory, with Materials leading laggards. Wrapping up 2022, Energy was the only sector to obtain a yearly gain with a 59% return while Communication Services was the biggest laggard with a 40% loss.

On the data front, December’s MNI Chicago Purchasing Managers’ Index (PMI) came in 4.9 points higher than the forecasted 40, improving from November’s 37.2 print. However, a reading under 50 still indicates the economy is still in a contractionary state.

Treasury yields edge higher Friday as investors look to wrap up the worst year for Treasuries ever recorded. The yield on the 10-year note added 4 basis points (0.04%) to 3.87% after starting the year around 1.5%, while the 30-year bond yield increased 5 basis points (0.05%) to 3.96%. The two-year note yield gained seven basis points (0.07%) to 4.43%. In commodities, West Texas Intermediate (WTI) crude climbed 2.5% to $80.37/barrel on Friday to finish the year with its second straight annual gain after a volatile year of tight supplies due to the Russia/Ukraine war, weakening demand from top importers, and fears over a gloomy economic contraction. In the metals complex, Gold increased 0.2% Friday to end the fourth quarter with its best quarterly performance since June 2020.

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.

Energy Indexes Edged Higher on Mostly Quiet Session
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Modest losses for the Retail Index ($RLX -0.53%), Broker/Dealer Index ($XBD -0.45%), and Bank Index ($BKX -0.17%) created a drag on the major averages. The tech sector was indecisive as the Semiconductor Index ($SOX -0.11%), Biotech Index ($BTK +0.07%), and Networking Index ($NWX +0.08%) all were little changed. The Oil Services Index ($OSX +0.53%) and Integrated Oil Index ($XOI +0.53%) both posted small gains while the Gold & Silver Index ($XAU -0.63%) edged lower.

Chart courtesy of www.stockcharts.com

PICTURED: The Gold & Silver Index ($XAU -0.63%) is consolidating above its 200-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	83.86	+0.44	+0.53%	+59.06%
Integrated Oil	$XOI	1,787.25	+9.48	+0.53%	+51.69%
Semiconductor	$SOX	2,532.11	-2.83	-0.11%	-35.83%
Networking	$NWX	783.31	+0.61	+0.08%	-19.34%
Broker/Dealer	$XBD	449.13	-2.03	-0.45%	-7.75%
Retail	$RLX	2,754.00	-14.63	-0.53%	-34.84%
Gold & Silver	$XAU	120.86	-0.77	-0.63%	-8.75%
Bank	$BKX	100.85	-0.17	-0.17%	-23.72%
Biotech	$BTK	5,281.01	+3.85	+0.07%	-4.30%

Found Support Near Prior High Following Breakout
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Titan Machinery Inc (TITN -$0.11 or -0.28% to $39.73) recently found support when consolidating near the prior high in the $38 area. The next important support to watch is its 50-day moving average (DMA) line ($36.73).

Fundamentals remain strong after reporting Oct '22 quarterly earnings +91% on +47% sales revenues. It currently has the highest possible earnings Per Share Rating of 99. Following years of losses it has shown strong earnings growth for FY '19-22. TITN was highlighted in yellow with pivot point cited based on its 11/23/21 high plus 10 cents in the 11/30/22 mid-day report (read here). It was shown in greater detail that evening with an annotated graph under the headline, "Gap Up and Big Volume-Driven Breakout Gain".

The small supply of only 22.7 million shares outstanding (S criteria) 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 241 in Dec '20 to 348 in Sep '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under slight 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
CMC - NYSE Commercial Metals Co METALS and MINING - Steel and Iron	$48.30	-0.46 -0.94%	$48.80	740,080 74.31% of 50 DAV 50 DAV is 996,000	$50.83 -4.98%	10/14/2022	$41.61	PP = $44.45
								MB = $46.67
Most Recent Note - 12/29/2022 3:21:50 PM G - Volume totals have been cooling while consolidating above its 50 DMA line ($47.17) 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
GPK - NYSE Graphic Packaging Hldg CONSUMER NON-DURABLES - Packaging and Containers	$22.25	-0.09 -0.40%	$22.28	1,561,806 50.41% of 50 DAV 50 DAV is 3,098,000	$24.07 -7.56%	10/25/2022	$22.75	PP = $24.17
								MB = $25.38
Most Recent Note - 12/30/2022 5:05:53 PM G - Volume totals have been cooling while consolidating below its 50 DMA line ($22.35). Faces resistance due to overhead supply up to the $24 level. 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
HRMY - NASDAQ Harmony Biosciences Holdings Medical-Biomed/Biotech	$55.10	-0.06 -0.11%	$55.11	408,929 283.00% of 50 DAV 50 DAV is 144,500	$62.09 -11.26%	11/1/2022	$55.31	PP = $57.23
								MB = $60.09
Most Recent Note - 12/30/2022 11:58:04 AM G - Color code was changed to green after slumping below its 50 DMA line ($56.70). A rebound above the 50 DMA line is needed for its outlook to improve. More damaging losses below the 12/28/22 low ($53.79) would raise concerns and trigger a worrisome technical sell signal. >>> FEATURED STOCK ARTICLE : Finding Support Near Prior Highs and 50-Day Moving Average Line - 12/23/2022 \| 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	$35.79	+0.99 2.84%	$35.97	657,632 158.08% of 50 DAV 50 DAV is 416,000	$37.69 -5.04%	11/10/2022	$34.13	PP = $35.02
								MB = $36.77
Most Recent Note - 12/30/2022 5:04:57 PM Y - Posted a gain with above average volume finding support near prior highs in the $34 area and its 50 DMA line ($34.10) defining important near-term support. 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
CPRX - NASDAQ Catalyst Pharma Inc Medical-Biomed/Biotech	$18.60	+0.26 1.42%	$18.60	1,209,766 50.68% of 50 DAV 50 DAV is 2,387,000	$19.78 -5.97%	11/22/2022	$17.38	PP = $16.66
								MB = $17.49
Most Recent Note - 12/30/2022 5:03:31 PM G - Volume totals have been cooling while consolidating above its "max buy" level. Found prompt support near the prior high and well above its 50 DMA line ($16.11). >>> 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
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	$39.73	-0.11 -0.28%	$40.07	182,514 86.09% of 50 DAV 50 DAV is 212,000	$44.35 -10.42%	11/30/2022	$40.10	PP = $38.68
								MB = $40.61
Most Recent Note - 12/30/2022 5:02:14 PM Y - Found support when recently consolidating near the prior high in the $38 area which defines initial support to watch above its 50 DMA line ($36.73). Fundamentals remain strong after reporting Oct '22 quarterly earnings +91% on +47% sales revenues. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Found Support Near Prior High Following Breakout - 12/30/2022 \| 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	$22.23	-0.38 -1.68%	$22.47	92,845 55.26% of 50 DAV 50 DAV is 168,000	$25.55 -12.99%	12/8/2022	$23.94	PP = $25.65
								MB = $26.93
Most Recent Note - 12/30/2022 5:07:29 PM Y - Pulled back near its 50 DMA line ($21.75) with a loss on light volume. Still faces resistance due to overhead supply up to the $25.50 level. 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	$31.13	-0.27 -0.86%	$31.32	1,042,481 93.50% of 50 DAV 50 DAV is 1,115,000	$33.04 -5.78%	12/12/2022	$29.83	PP = $29.57
								MB = $31.05
Most Recent Note - 12/29/2022 3:16:59 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
STRL - NASDAQ Sterling Infrastructure MATERIALS and; CONSTRUCTION - Heavy Construction	$32.80	+0.14 0.43%	$32.99	119,416 60.93% of 50 DAV 50 DAV is 196,000	$33.62 -2.44%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 12/30/2022 5:08:31 PM Y - Volume totals have been cooling while hovering in a tight range near its 52-week high. 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. 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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