FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, MAY 20TH, 2022

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Indices				NYSE			Nasdaq
DOW	+8.77	31,261.90	+0.03%	Volume	1,189,251,740	+7%	Volume	5,380,682,900	+5%
NASDAQ	-33.88	11,354.62	-0.30%	Advancers	1,442	47%	Advancers	2,018	47%
S&P 500	+0.59	3,901.38	+0.02%	Decliners	1,626	53%	Decliners	2,231	52%
Russell 2000	-2.95	1,773.27	-0.17%	52 Wk Highs	15		52 Wk Highs	16
S&P 600	-4.32	1,171.99	-0.37%	52 Wk Lows	364		52 Wk Lows	477

TODAY'S SPECIAL NOTICE

Damaging losses quickly negated Tuesday's follow-through day and signaled a continuation of the market correction (M criteria). New buying efforts should be avoided until more decisive strength returns.

Battered Major Indices Recovered From Session Lows
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow added 8 points, trimming its weekly slide to 2.9%. Notably, the blue chip index suffered an eight-week losing streak for the first time since 1923. The S&P 500 closed essentially unchanged, briefly wading in bear market territory (defined as a 20% drawdown from a recent peak) during intraday trading. The Nasdaq Composite shed 0.3%. The benchmarks weathered five-day declines of 3.1% and 3.8%, respectively, each logging a seventh straight weekly drop, their worst runs since 2001. Volume totals reported were higher than the prior session on the NYSE and on the Nasdaq exchange. Decliners led advancers by a narrow margin on the NYSE and on the Nasdaq exchange. Leadership remained thin as there were 9 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus 5 on the prior session. New 52-week lows totals still solidly outnumbered the very short lists of new 52-week highs on both the NYSE and the Nasdaq exchange. The damaging losses for the major indices effectively negated Tuesday's noted follow-through day, quickly signaling a continuation of the market correction (M criteria).

Chart courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index undercut its 5/12/22 low.

After being whipsawed in volatile trading, U.S. stocks finished little changed on Friday. The major averages were unable to sustain an early session rally that came after China’s central bank signaled support for the country’s beleaguered property market. Recessionary concerns loomed, with Wall Street increasingly worried that the Federal Reserve’s (Fed) efforts to fight inflation could stunt economic growth.

In earnings, Ross Stores Inc. (ROST -22.47%) tumbled after becoming the latest retailer to cut its forward guidance following a disappointing quarter. Meanwhile, apparel maker VF Corp. (VFC +6.07%) rose following a boost to its full-year outlook. Elsewhere, Deere & Co (DE -14.07%) fell on downbeat results.

Treasuries firmed amid the still cautious tone. The yield on the 10-year note slipped seven basis points (0.07%) to 2.78%, ending 0.16% lower on the week. In commodities, COMEX gold snapped a four-week losing streak as the U.S. dollar took a breather from this year’s rally. West Texas Intermediate crude erased a weekly decline to close at $113.23/barrel. In central bank news next week, attention will turn to the release of the Fed’s May meeting minutes for further clarity on monetary policy tightening plans.

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.

Biotech, Networking, and Broker/Dealer Indexes Posted Small Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Semiconductor Index ($SOX -0.27%) suffered a small loss while the Biotech Index ($BTK +0.63%) and Networking Index ($NWX +0.47%) both edged higher. The Broker/Dealer Index ($XBD +0.64%) also edged higher while the Bank Index ($BKX -0.05%) finished flat but the Retail Index ($RLX -1.22%) slumped. The Oil Services Index ($OSX +0.09%) and Integrated Oil Index ($XOI +0.11%) both inched higher while the Gold & Silver Index ($XAU -0.39%) edged lower.

Chart courtesy of www.stockcharts.com

PICTURED: The Bank Index ($BKX -0.05%) slumped near its 2022 low.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	74.38	+0.06	+0.09%	+41.09%
Integrated Oil	$XOI	1,663.61	+1.83	+0.11%	+41.20%
Semiconductor	$SOX	2,882.65	-7.68	-0.27%	-26.95%
Networking	$NWX	718.49	+3.37	+0.47%	-26.01%
Broker/Dealer	$XBD	394.10	+2.52	+0.64%	-19.05%
Retail	$RLX	2,866.95	-35.53	-1.22%	-32.17%
Gold & Silver	$XAU	129.54	-0.50	-0.39%	-2.20%
Bank	$BKX	106.52	-0.05	-0.05%	-19.44%
Biotech	$BTK	4,554.61	+28.54	+0.63%	-17.47%

Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

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
IMXI - NASDAQ International Money Exp Financial Svcs-Specialty	$18.95	-0.37 -1.92%	$19.43	564,663 139.42% of 50 DAV 50 DAV is 405,000	$22.86 -17.10%	3/8/2022	$18.64	PP = $19.06
								MB = $20.01
Most Recent Note - 5/20/2022 4:52:26 PM Slumped to a 9-week low with today's loss backed by above average volume. More damaging losses raised concerns and triggered a worrisome technical sell signal. It will be dropped from the Featured Stocks list tonight. Only a prompt rebound above the 50 DMA line ($20.26) would help its outlook improve. Recently testing prior highs which help define important near term support to watch. >>> FEATURED STOCK ARTICLE : Fell Below 50-Day Moving Average Line Testing Prior Highs - 5/12/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
IMKTA - NASDAQ Ingles Markets Inc Cl A RETAIL - Grocery Stores	$84.46	-0.21 -0.25%	$85.72	112,268 93.56% of 50 DAV 50 DAV is 120,000	$101.98 -17.18%	4/11/2022	$96.25	PP = $95.75
								MB = $100.54
Most Recent Note - 5/20/2022 4:49:29 PM Slumped well below its 50 DMA line ($92.83) during a streak of 8 consecutive losses while also violating the prior low ($90.53 on 5/05/22) triggering a worrisome technical sell signal. It will be dropped from the Featured Stocks list tonight. A rebound above the 50 DMA line is needed for its outlook to improve. Reported Mar '22 quarterly earnings +40% on +16% sales revenues versus the year ago period. >>> FEATURED STOCK ARTICLE : Ingles Markets Perched Near High With Earnings News Due - 5/4/2022 \| 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	$117.29	-3.39 -2.81%	$122.95	494,833 104.84% of 50 DAV 50 DAV is 472,000	$144.43 -18.79%	4/21/2022	$135.54	PP = $139.10
								MB = $146.06
Most Recent Note - 5/20/2022 4:59:13 PM Suffered a 3rd consecutive loss today with near average volume, further undercutting its 200 DMA line ($124) raising concerns while also trading under prior lows in the $115 area. It will be dropped from the Featured Stocks list tonight. A rebound above its 50 DMA line ($126.72) is needed for its outlook to improve. Reported Mar '22 quarterly earnings +154% on +22% sales revenues versus the year ago period. >>> FEATURED STOCK ARTICLE : Stalled After Recent Breakout But Remains Near High - 5/17/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CI - NYSE Cigna Corp Medical-Managed Care	$259.49	+2.61 1.02%	$261.87	1,565,943 102.02% of 50 DAV 50 DAV is 1,535,000	$271.71 -4.50%	5/6/2022	$263.52	PP = $269.97
								MB = $283.47
Most Recent Note - 5/20/2022 4:46:30 PM Y - Consolidating above its 50 DMA line ($251.26) after challenging its all-time high. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Reported a strong +27% earnings increase on +7% sales revenues for the Mar '22 quarter versus the year ago period, its 3rd strong quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings growth (A criteria) has been strong. >>> FEATURED STOCK ARTICLE : Cigna Rises Near All-Time High - 5/6/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PAG - NYSE Penske Automotive Grp Retail/Whlsle-Automobile	$108.01	-0.39 -0.36%	$109.53	359,952 106.49% of 50 DAV 50 DAV is 338,000	$119.47 -9.59%	5/13/2022	$114.88	PP = $114.57
								MB = $120.30
Most Recent Note - 5/20/2022 4:55:50 PM Y - Sputtering after completely negating the recent technical breakout amid widespread market weakness. Its 50 DMA line ($102.81) defines near term support below prior highs. >>> FEATURED STOCK ARTICLE : Breakout With Volume-Driven Gain to New High - 5/13/2022 \| 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
LLY - NYSE Eli Lilly & Co Medical-Diversified	$299.09	+12.82 4.48%	$299.24	2,480,004 83.93% of 50 DAV 50 DAV is 2,955,000	$314.00 -4.75%	5/16/2022	$302.46	PP = $314.10
								MB = $329.81
Most Recent Note - 5/20/2022 4:54:57 PM Y - Color code is changed to yellow after rebounding above its 50 DMA line ($291) helping its outlook improve. Perched within striking distance of its 52-week high and its color code is changed to yellow. Pivot point cited was based on its 4/07/22 high plus 10 cents. Three of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). >>> FEATURED STOCK ARTICLE : Eli Lilly & Co Challenges All-Time High - 5/16/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I

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