FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - THURSDAY, MARCH 5TH, 2020

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Indices				NYSE			Nasdaq
DOW	-969.58	26,121.28	-3.58%	Volume	1,403,965,310	+14%	Volume	3,734,397,200	+5%
NASDAQ	-279.49	8,738.60	-3.10%	Advancers	313	11%	Advancers	581	18%
S&P 500	-106.18	3,023.94	-3.39%	Decliners	2,496	89%	Decliners	2,636	82%
Russell 2000	-52.37	1,478.82	-3.42%	52 Wk Highs	38		52 Wk Highs	57
S&P 600	-32.80	883.67	-3.58%	52 Wk Lows	389		52 Wk Lows	373

TODAY'S SPECIAL NOTICE

During market corrections it is especially important to reduce exposure, preserve your capital, and just be patient. Be safe! Historic studies have shown that the biggest up sessions have occurred during market corrections and bear markets.

Disciplined investors know to wait until a new confirmed rally marked by a solid follow-through day. The bold portion of the daily market commentary will note when that happens. For any clarification or additional help applying the fact-based investment system, we invite members to call, or contact us via the inquiry form.

Breadth Clearly Negative as Correction Continues for Major Indices
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow slipped 969 points, a day after the blue-chip index recorded its second best point gain on record. The S&P 500 fell 3.4%, for the fourth straight move of at least 2.8%. The Nasdaq Composite declined 3.1%. Breadth was clearly negative as decliners led advancers by an 8-1 margin on the NYSE and by more than a 4-1 margin on the Nasdaq exchange. The reported volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange, revealing more distributional selling pressure from the institutional crowd. Leadership remained thin as there were 11 high-ranked companies from the Leaders List that hit a new 52-week high and were listed on the BreakOuts Page, versus 15 on the prior session. New 52-week lows totals swelled and easily outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. The major indices' (M criteria) have been in a noted "market correction". Disciplined investors know to watch for a follow-through day of gains on higher volume to confirm a new market uptrend. The Featured Stocks Page provides the most timely analysis on high-ranked leaders.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average is sputtering below its 200-day moving average (DMA) line with no volume conviction behind its nascent rally attempt. The Blue Chip index is -11.6% off its all-time high hit on 2/12/20. Disciplined investors will watch for a follow-through day of big gains on higher volume to signal a new confirmed rally.

U.S. stocks retreated Thursday, giving up the majority of yesterday’s steep gains as market volatility rises to its highest reading since 2011. Investor attention largely remains on the economic risks related to the coronavirus, as investors weigh international fiscal and monetary response to the outbreak. Additionally, California declared a state of emergency amid an uptick in confirmed cases.

U.S. Treasuries rallied, with the yield on the 10-year note dropping 13 basis points to 0.91%. The benchmark rate has now dropped for 11-straight sessions, the longest streak in at least a generation, according to Reuters. On the data front, initial jobless claims decreased slightly to 216,000 in the most recent week, from the prior period’s 219,000 figure. A separate update showed factory orders dipped 0.5% in January, disappointing consensus expectations of a 0.1% decline.

All 11 S&P 500 sectors finished the day in negative territory, with Industrials and Financial stocks both losing nearly 5.0%. Airlines tumbled more than 8.0% after the industry’s trade association projected between $60-$100 billion in lost revenue in 2020 depending on the severity of the coronavirus outbreak. United Airlines (UAL -13.25%) sank and American Airlines (AAL -13.44%) fell for its worst day since 2016. In other corporate news, Zoom Video (ZM +7.02%) after the coronavirus provided a tailwind to remote work technology companies.

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.

Gold & Silver Index Rose Amid Widespread Weakness
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX -5.76%) and Broker/Dealer Index ($XBD -3.84%) were standout decliners and the Retail Index ($RLX -3.14%) also slumped badly. The tech sector had a clearly negative bias as the Semiconductor Index ($SOX -3.10%), Networking Index ($NWX -2.65%), and the Biotech Index ($BTK -1.89%) slumped. Commodity-linked groups were mixed again as the Oil Services Index ($OSX -5.52%) and the Integrated Oil Index ($XOI -3.57%) slumped while the Gold & Silver Index ($XAU +1.97%) was a standout gainer.

Charts courtesy of www.stockcharts.com

PICTURED: The 5-year graph of the Oil Services Index ($OSX -5.52%) shows it slumping to another new low.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	47.44	-2.78	-5.54%	-39.40%
Integrated Oil	$XOI	927.95	-34.38	-3.57%	-26.96%
Semiconductor	$SOX	1,734.03	-55.54	-3.10%	-6.25%
Networking	$NWX	492.24	-13.42	-2.65%	-15.63%
Broker/Dealer	$XBD	260.56	-10.41	-3.84%	-10.27%
Retail	$RLX	2,412.79	-78.10	-3.14%	-1.49%
Gold & Silver	$XAU	104.70	+2.03	+1.98%	-2.08%
Bank	$BKX	87.86	-5.37	-5.76%	-22.49%
Biotech	$BTK	5,012.03	-96.55	-1.89%	-1.09%

Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
See the Featured Stocks with most recent note below. Feel free to contact us if you have a need for any additional information.

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
FTNT - NASDAQ Fortinet Inc Computer Sftwr-Security	$104.00	-3.05 -2.85%	$107.39	1,299,147 95.88% of 50 DAV 50 DAV is 1,355,000	$121.82 -14.63%	12/9/2019	$103.85	PP = $106.10
								MB = $111.41
Most Recent Note - 3/4/2020 5:56:54 PM G - Posted a solid gain on average volume today. A rebound above the 50 DMA line ($113.69) is needed for its outlook to improve. Reported earnings +29% on +21% sales revenues for the Dec '19 quarter, continuing its strong earnings track record above the +25% minimum guideline (C criteria). >>> FEATURED STOCK ARTICLE : Volume Driven Losses Violated 50-Day Moving Average - 2/26/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$221.19	-10.43 -4.50%	$227.38	1,998,987 131.69% of 50 DAV 50 DAV is 1,518,000	$266.20 -16.91%	9/6/2019	$201.25	PP = $194.35
								MB = $204.07
Most Recent Note - 3/5/2020 5:18:38 PM Suffered another loss today with above average volume during very weak market conditions (M criteria). A rebound above the 50 DMA line ($240) would help its outlook improve. Fundamentals remain strong. It will be dropped from the Featured Stocks list tonight. >>> FEATURED STOCK ARTICLE : Perched at Record High After 4th Consecutive Gain on Light Volume - 2/20/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
SPLK - NASDAQ Splunk Inc Computer Sftwr-Database	$141.25	-14.15 -9.11%	$151.41	8,765,597 541.09% of 50 DAV 50 DAV is 1,620,000	$176.31 -19.89%	11/25/2019	$147.79	PP = $142.16
								MB = $149.27
Most Recent Note - 3/5/2020 5:14:42 PM Suffered a big loss on heavy volume today after reporting earnings +3% on +27% sales revenues for the Jan '20 quarter, below the +25% minimum guideline (C criteria), raising fundamental concerns. It will be dropped from the Featured Stocks list tonight. >>> FEATURED STOCK ARTICLE : Perched at Record High After 7th Consecutive Gain - 2/19/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PAYC - NYSE Paycom Software Inc COMPUTER SOFTWARE and SERVICES - Application Software	$282.26	-11.43 -3.89%	$295.40	653,293 66.53% of 50 DAV 50 DAV is 982,000	$342.00 -17.47%	11/20/2019	$252.97	PP = $259.81
								MB = $272.80
Most Recent Note - 3/5/2020 5:19:44 PM G - Met resistance near its 50 DMA line ($295) and slumped today. Gains above that important short-term average still are needed to help its outlook improve. Fundamentals remain strong after it reported earnings +41% on +29% for the Dec '19 quarter. >>> FEATURED STOCK ARTICLE : Sputtering Below 50-Day Moving Average - 3/3/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
TEAM - NASDAQ Atlassian Corp Plc Cl A Comp Sftwr-Spec Enterprs	$152.21	-1.26 -0.82%	$155.30	1,412,732 85.16% of 50 DAV 50 DAV is 1,659,000	$156.12 -2.50%	1/24/2020	$144.66	PP = $140.49
								MB = $147.51
Most Recent Note - 3/4/2020 5:53:20 PM G - Posted a solid gain with average volume and its color code is changed to green after rising back above its "max buy" level. Found support above its 50 DMA line ($139.52) amid widespread market weakness (M criteria). Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Found Support at 50-Day Average During Recent Consolidation - 3/4/2020 \| 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
STNE - NASDAQ Stoneco Ltd Cl A Finance-CrdtCard/PmtPr	$41.71	-2.64 -5.95%	$44.03	2,830,593 134.66% of 50 DAV 50 DAV is 2,102,000	$46.69 -10.67%	1/22/2020	$43.94	PP = $45.72
								MB = $48.01
Most Recent Note - 3/5/2020 5:16:11 PM Y - Slumped near its 50 DMA line ($41.91) today after touching a new all-time high with volume-driven gains this week. Reported earnings +71% on +43% sales revenues for the Dec '19 quarter, continuing its strong earnings track record. The worrisome market correction (M criteria) is cause for concern, even if there are subsequent gains above the pivot point backed by at least +40% above average volume to trigger a technical buy signal. >>> FEATURED STOCK ARTICLE : Volume-Driven Gain Above 50-Day Moving Average - 3/2/2020 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
DAVA - NYSE Endava Plc Cl A Ads Computer-Tech Services	$52.97	-0.07 -0.13%	$53.56	143,977 109.07% of 50 DAV 50 DAV is 132,000	$56.76 -6.68%	2/13/2020	$53.71	PP = $49.86
								MB = $52.35
Most Recent Note - 3/4/2020 6:00:08 PM G - Churned above average volume today, still perched only -6.6% off its all-time high. Prior highs in the $49 area define initial support to watch above its 50 DMA line ($48.84). >>> FEATURED STOCK ARTICLE : Breakout Gain Backed By +462% Above Average Volme - 2/13/2020 \| 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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