FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - MONDAY, MARCH 6TH, 2023

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Indices				NYSE			Nasdaq
DOW	+40.47	33,431.44	+0.12%	Volume	944,503,111	+6%	Volume	4,957,943,600	-2%
NASDAQ	-13.27	11,675.74	-0.11%	Advancers	1,043	35%	Advancers	1,569	35%
S&P 500	+2.78	4,048.42	+0.07%	Decliners	1,924	65%	Decliners	2,964	65%
Russell 2000	-28.51	1,899.76	-1.48%	52 Wk Highs	87		52 Wk Highs	94
S&P 600	-28.64	1,241.11	-2.26%	52 Wk Lows	23		52 Wk Lows	93

Breadth Negative as Major Averages Sputtered After Early Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow added 40 points, while the technology-heavy Nasdaq Composite declined 0.1%. The S&P 500 gained 0.1%. Volume totals were mixed, higher than the prior session on the NYSE and lighter on the Nasdaq exchange. Breadth was negative as decliners led advancers by almost a 2-1 margin on the NYSE and on the Nasdaq exchange. There were 42 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus 54 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE while the totals were near even on the Nasdaq exchange. The major indices are in an uptrend under pressure (M criteria). For any rally to be sustained there must be healthy leadership. It will be important to watch for the new highs totals to remain strong or improve in the immediate days ahead. Stay tuned!

Chart courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average posted a 4th consecutive gain on Monday and rebounded near its 50-day moving average (DMA) after finding support above its 200-day moving average (DMA) line.

U.S. equities closed mixed Monday after last week’s rally snapped a four-week losing streak. Six of the eleven sectors finished in negative territory with Materials leading laggards. Market participants continue to assess last week’s better-than-expected ISM services and manufacturing data as they prepare for Federal Reserve (Fed) Chair Jerome Powell’s testimony before Congress on Tuesday and Wednesday. Powell is slated to speak before Congress to discuss the current state of inflation and the future route of the central bank’s monetary policy.

On the data front, January’s factory orders came in slightly better-than-expected at a 1.6% decline versus the 1.8% seen in December. Meanwhile, January’s finalized durable goods orders remained unchanged at a 4.5% decline.

U.S. Treasuries weakened, with the yield on the benchmark 10-year note up one basis point (0.01%) to 3.97% while the 30-year bond yield added four basis points (0.04%) to 3.91%. The yield on the two-year note, which is more sensitive to changes in Fed policy, increased two basis points (0.02%) to 4.88%. In commodities, West Texas Intermediate (WTI) crude increased 1.1% to $80.58/barrel amid discussions on supply tightness at the oil conference in Houston, Texas. Elsewhere, oil executives discussed the potential of increased crude prices in the latter half of the year as China’s demand for oil returns. In the metals complex, gold declined 0.1% from its two and a half week high as investors prepare for a busy week of economic data.

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,Commodity-Linked Groups and Most Tech Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -0.41%), Broker/Dealer Index ($XBD -0.88%), and Retail Index ($RLX -0.62%) each lost ground. The Semiconductor Index ($SOX -1.11%) and Biotech Index ($BTK -1.12%) both lost ground while the Networking Index ($NWX +0.34%) eked out a small gain. Commidity-linked groups rounded out the mostly negative session with unanimous losses from the Gold & Silver Index ($XAU -1.78%), Oil Services Index ($OSX -0.79%), and Integrated Oil Index ($XOI -0.34%).

Chart courtesy of www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX -1.11%) has recently been consolidating above its 50-day moving average (DMA) line and above its December high.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	91.58	-0.73	-0.79%	+9.21%
Integrated Oil	$XOI	1,815.73	-6.28	-0.34%	+1.59%
Semiconductor	$SOX	2,994.59	-33.75	-1.11%	+18.26%
Networking	$NWX	828.80	+2.85	+0.34%	+5.81%
Broker/Dealer	$XBD	494.21	-4.40	-0.88%	+10.04%
Retail	$RLX	2,876.24	-17.87	-0.62%	+4.44%
Gold & Silver	$XAU	116.79	-2.11	-1.78%	-3.37%
Bank	$BKX	108.99	-0.45	-0.41%	+8.07%
Biotech	$BTK	5,347.44	-60.81	-1.12%	+1.26%

Sputtering Below 50-Day Moving Average Line Again
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Commercial Metals Co (CMC -$2.13 or -3.92% to $52.16) pulled back today after 3 consecutive volume-driven gains, slumping back below its 50-day moving average (DMA) line ($53.23) and hurting its outlook again. The recent low ($50.90 on 2/24/23) defines the next important near-term support where any more damaging losses would raise greater concerns.

Fundamentals remain strong. CMC has a highest possible 99 Earnings Per Share Rating. It reported Nov '22 quarterly earnings +38% on +12% sales revenues versus the year ago period and prior quarterly comparisons were well above the +25% minimum earnings guideline (C criteria) of the fact-based investment system. Annual earnings growth has been strong. It hails from the Metal Proc & Fabrication group which is currently ranked 23rd on the 197 Industry Groups list (L criteria).

CMC was highlighted in yellow with pivot point cited based on its 8/11/22 high plus 10 cents in the 10/14/22 mid-day report (read here). It was last shown in this FSU section on 2/06/23 with an annotated graph under the headline, "Metals Firm Extended From Base and Perched Near High".

The company has 117.1 million shares outstanding (S criteria). The number of top-rated funds owning its shares rose from 586 in Dec '21 to 670 in Dec '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 accumulation over the past 50 days. It has a Timeliness Rating of A and a Sponsorship Rating of A.

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	$52.16	-2.13 -3.92%	$53.95	1,224,143 113.14% of 50 DAV 50 DAV is 1,082,000	$58.09 -10.21%	10/14/2022	$41.61	PP = $44.45
								MB = $46.67
Most Recent Note - 3/6/2023 6:27:51 PM G - Color code is changed to green after slumping back below its 50 DMA line ($53.15) with today's loss following 3 consecutive volume-driven gains. The recent low ($50.90 on 2/24/23) defines important near term support where any more damaging losses would raise greater concerns. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated grsph. >>> FEATURED STOCK ARTICLE : Sputtering Below 50-Day Moving Average Line Again - 3/6/2023 \| 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	$24.19	-0.39 -1.59%	$24.72	2,872,926 89.64% of 50 DAV 50 DAV is 3,205,000	$24.73 -2.18%	10/25/2022	$22.75	PP = $24.17
								MB = $25.38
Most Recent Note - 3/6/2023 6:29:18 PM Y - Pulled back today breaking a streak of 7 consecutive small gains. Wedged into new all-time high territory with gains lacking great volume conviction. Showed resilience after briefly violating its 50 DMA line on 2/07/23. Members were reminded - "Disciplined investors know that gains above a stock's pivot point must be backed by at least +40% above average volume to trigger a proper technical buy signal." >>> FEATURED STOCK ARTICLE : Quietly Lingering Near High With Strong Fundamentals - 2/27/2023 \| 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	$36.00	-2.01 -5.29%	$37.98	839,880 171.75% of 50 DAV 50 DAV is 489,000	$43.74 -17.70%	11/10/2022	$34.13	PP = $35.02
								MB = $36.77
Most Recent Note - 3/6/2023 6:35:51 PM Pulled back today with heavy volume for another damaging loss after meeting resistance at its 50 DMA line. It will be dropped from the Featured Stocks list tonight. A rebound above the 50 DMA line ($38.26) is needed for its outlook to improve. More damaging losses below the recent low ($35.62 on 3/02/23) would raise greater concerns. >>> FEATURED STOCK ARTICLE : Rose Near 50-Day Moving Average Which May Act as Resistance - 3/3/2023 \| 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	$46.38	-0.79 -1.67%	$47.50	211,311 99.21% of 50 DAV 50 DAV is 213,000	$47.79 -2.95%	1/13/2023	$40.10	PP = $44.45
								MB = $46.67
Most Recent Note - 3/3/2023 5:54:50 PM G - Color code is changed to green after posting a 3rd consecutive gain rising above its "max buy" level for a best-ever close near its all-time high. Its 50 DMA line ($42.63) definies important near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Pulled Back from New All-Time High - 2/28/2023 \| 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	$20.71	-0.54 -2.54%	$21.17	493,516 320.26% of 50 DAV 50 DAV is 154,100	$26.49 -21.82%	12/8/2022	$23.94	PP = $25.65
								MB = $26.93
Most Recent Note - 3/6/2023 6:33:12 PM Suffered another damaging volume-driven loss today and it will be dropped from the Featured Stocks list tonight. A rebound above the 50 DMA line is needed for its outlook to improve. Bearish action came after it reported Dec '22 quarterly earnings +39% on +7% sales revenues versus the year ago period. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Damaging Losses Triggered Technical Sell Signals - 3/2/2023 \| 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	$40.46	-0.26 -0.64%	$40.86	297,243 108.48% of 50 DAV 50 DAV is 274,000	$41.31 -2.06%	12/14/2022	$32.41	PP = $33.72
								MB = $35.41
Most Recent Note - 3/6/2023 6:31:09 PM G - Hovering near its all-time high, extended from the previously noted base. Its 50 DMA line ($35.13) and prior highs in the $34-33 area define important near-term support to watch. >>> FEATURED STOCK ARTICLE : Sterling Perched Near High, Extended From Prior Base - 2/24/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PERI - NASDAQ Perion Networks Ltd Comml Svcs-Advertising	$35.76	+0.98 2.82%	$36.32	962,754 140.34% of 50 DAV 50 DAV is 686,000	$35.16 1.71%	1/25/2023	$31.79	PP = $33.19
								MB = $34.85
Most Recent Note - 3/6/2023 12:15:10 PM G - Posting a 4th consecutive gain today without very heavy volume, its color code is changed to green after rising above its "max buy" level and hitting a new 52-week high. Stubbornly held ground and showed resilience. Important suppport to watch is its 50 DMA line ($30.89) and recent low ($29.83 on 2/08/23). >>> FEATURED STOCK ARTICLE : Perion Stubbornly Holding Ground Near High After Spurt of Gains - 2/22/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ALGM - NASDAQ Allegro Microsystems Inc Elec-Semiconductor Mfg	$45.35	-0.05 -0.11%	$46.90	1,643,431 115.65% of 50 DAV 50 DAV is 1,421,000	$45.99 -1.39%	1/31/2023	$37.80	PP = $38.38
								MB = $40.30
Most Recent Note - 3/6/2023 6:27:41 PM G - There was a "negative reversal" today while churning higher volume after hitting a new all-time high. It is extended from the previously noted base. Prior high in the $38 area defines initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Holding its Ground After Rallying From Previously Noted Base - 3/1/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
WCC - NYSE Wesco International Inc WHOLESALE - Electronics Wholesale	$171.28	-1.41 -0.82%	$175.00	401,860 88.13% of 50 DAV 50 DAV is 456,000	$173.00 -0.99%	2/10/2023	$148.50	PP = $147.15
								MB = $154.51
Most Recent Note - 3/3/2023 5:55:59 PM G - Posted a 3rd consecutive gain with below average volume and hit a new all-time high, getting more extended from the previously noted base. Prior highs in the $144-147 area define initial support to watch above its 50 DMA line ($144.88). Reported Dec '22 quarterly earnings +40% on +15% sales revenues versus the year ago period. >>> FEATURED STOCK ARTICLE : Powered Higher After Recently Highlighted in Feb 10th Report - 2/21/2023 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
FIX - NYSE Comfort Systems U S A MATERIALS and CONSTRUCTION - General Contractors	$150.83	-0.21 -0.14%	$151.53	269,931 123.26% of 50 DAV 50 DAV is 219,000	$152.13 -0.85%	2/23/2023	$136.52	PP = $128.78
								MB = $135.22
Most Recent Note - 3/3/2023 5:45:34 PM G - Hit yet another new high with today's gain adding to an impressive spurt higher, getting more extended from the previously noted base. Prior highs in the $128 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Powerful Technical Breakout After Earnings Report - 2/23/2023 \| 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

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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