FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, APRIL 3RD, 2020

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Indices				NYSE			Nasdaq
DOW	-360.91	21,052.53	-1.69%	Volume	1,434,466,549	+7%	Volume	3,261,191,600	-9%
NASDAQ	-114.23	7,373.08	-1.53%	Advancers	619	21%	Advancers	938	29%
S&P 500	-38.25	2,488.65	-1.51%	Decliners	2,321	79%	Decliners	2,293	71%
Russell 2000	-33.76	1,052.05	-3.11%	52 Wk Highs	2		52 Wk Highs	5
S&P 600	-22.94	622.35	-3.55%	52 Wk Lows	180		52 Wk Lows	193

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.

Major Indices Slump Again as Leadership Still Remains Elusive
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow fell 360 points, to cap a weekly decline of 2.7%. The S&P 500 dropped 1.5% in the session and 2.1% for the week. The Nasdaq Composite lost 1.5% and ended the week 1.7% lower. Breadth was negative as decliners led advancers by almost a 4-1 margin on the NYSE and more than 2-1 on the Nasdaq exchange. The reported volume totals were mixed, higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Leadership remained elusive as not even one high-ranked company from the Leaders List hit new 52-week highs and was listed on the BreakOuts Page, versus zero on the prior session. New 52-week lows totals grew and solidly outnumbered the new 52-week highs totals which were in the single digits on both the NYSE and on the Nasdaq exchange. The major indices (M criteria) have been in a noted "market correction" and investors have been repeatedly prompted since February 25th to reduce market exposure.

Charts used courtesy of www.stockcharts.com

PICTURED: The Dow Jones Industrial Average is still sputtering after Day 9 of the new rally attempt. Disciplined investors know before initiating any new buying efforts to watch for a follow-through day of big confirming gains from the major indices on higher volume coupled with an increase in the number of stocks hitting new highs to signal a valid new market uptrend (M criteria). Confirmation days that come after Day 7 could be worrisome signs of a weaker and less productive market rally. Remember that any sustainable rally requires a healthy crop of new leaders.

Stocks fell Friday, as investors weighed negative economic data against positive developments on the oil front. Sentiment remained downbeat after New York reported its largest one-day spike in deaths related to the coronavirus, as the number of confirmed U.S. cases top 200,000.

Economic data was in focus, as the updates began to reflect the drag on the U.S. economy from the COVID-19 outbreak. The Labor Department revealed non-farm payrolls shrank by 701,000 in March, which marked the first decline in U.S. jobs since 2010. The release was lower than estimates of a 100,000 decline, despite the survey reflecting figures through just mid-March. The unemployment rate jumped to 4.4% from February’s 3.5% reading, notching the biggest one-month uptick since 1975. Treasuries were mixed, with the yield on the 10-year note off one basis point to 0.61%.

In commodities, WTI crude jumped 13% to $28.56/barrel, extending Thursday’s largest single-day gain in history. The rally came after OPEC and its allies announced the group would hold a virtual meeting on Monday to address potential production cuts.

Ten of 11 S&P 500 sectors finished in negative territory. The Consumer Staples group was the sole advancer, with Constellation Brands (STZ +0.72%) rose after topping analysts’ estimates. Elsewhere, Raytheon Technologies fell - 1.6% on the company’s first day of trading after finalizing the merger between United Technologies and Raytheon.

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, Tech, Financial, and Retail Indexes Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Bank Index ($BKX -3.44%), Broker/Dealer Index ($XBD -0.71%), and the Retail Index ($RLX -1.19%) lost ground. The tech sector was unanimously negative as the Semiconductor Index ($SOX -2.14%), Networking Index ($NWX -0.72%), and the Biotech Index ($BTK -1.25%) each slumped. Energy-linked ground also fell as the Oil Services Index ($OSX -2.88%) and the Integrated Oil Index ($XOI -2.45%) slumped. The Gold & Silver Index ($XAU -0.16%) was a standout as it held its ground

Charts courtesy of www.stockcharts.com

PICTURED: The Retail Index ($RLX -1.19%) is sputtering below its 200-day and 50-day moving average (DMA) lines with recently converged.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	24.06	-0.71	-2.87%	-69.27%
Integrated Oil	$XOI	635.71	-15.93	-2.45%	-49.97%
Semiconductor	$SOX	1,443.04	-31.57	-2.14%	-21.98%
Networking	$NWX	446.15	-3.22	-0.72%	-23.53%
Broker/Dealer	$XBD	208.11	-1.49	-0.71%	-28.33%
Retail	$RLX	2,105.75	-25.38	-1.19%	-14.03%
Gold & Silver	$XAU	84.36	-0.14	-0.17%	-21.10%
Bank	$BKX	60.19	-2.14	-3.43%	-46.90%
Biotech	$BTK	4,410.88	-56.00	-1.25%	-12.96%

No Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
During extremely bearish markets the number of stocks covered in this area has sometimes been reduced to zero. We suggest making no excuses for weak stocks in weak markets. 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***

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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