FACTBASEDINVESTING.COM - AFTER MARKET UPDATE

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AFTER MARKET UPDATE - FRIDAY, AUGUST 12TH, 2022

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Indices				NYSE			Nasdaq
DOW	+424.38	33,761.05	+1.27%	Volume	758,356,190	-12%	Volume	4,739,390,500	-18%
NASDAQ	+267.27	13,047.19	+2.09%	Advancers	2,484	80%	Advancers	3,113	71%
S&P 500	+72.88	4,280.15	+1.73%	Decliners	602	20%	Decliners	1,273	29%
Russell 2000	+41.36	2,016.62	+2.09%	52 Wk Highs	56		52 Wk Highs	99
S&P 600	+23.33	1,287.80	+1.85%	52 Wk Lows	24		52 Wk Lows	61

Major Averages Posted Big Gains With Lighter Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow added 424 points, logging a five-session advance of 2.9%. The S&P 500 increased 1.7% while the Nasdaq Composite jumped 2.1%, notching weekly gains of 3.3% and 3.1%, respectively. Both benchmarks capped a four-week winning streak, their best run since November 2021. The volume totals reported were lighter than the prior session on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 4-1 margin on the NYSE and by a 5-2 margin on the Nasdaq exchange. There were 38 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 42 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The market is in a confirmed uptrend (M criteria). Any sustainable rally requires a healthy crop of leading stocks hitting new highs, so the recent improvement in leadership was a reassuring sign.

Chart courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index posted a gain with lighter volume. It has been approaching its downward sloping 200 DMA line.

U.S. stocks finished higher on Friday as recent signs of softer inflation continued to buoy risk sentiment. All 11 S&P 500 sectors closed in positive territory. Technology was among the standouts amid a rebound in recently beleaguered chipmakers. Notably, the tech-heavy Nasdaq has climbed more than 20% from its June 16 low, meeting one popular definition of a new bull market.

Earlier this week, risk assets were supported by reports showing a moderation in both consumer and producer prices. Still, the latest remarks from Federal Reserve (Fed) officials continued to reiterate the need for further rate hikes. Meanwhile, positioning and technical dynamics have also contributed to the recent rally, with short covering one widely cited factor.

On the data front today, a preliminary August update from the University of Michigan revealed consumer sentiment improved to a three-month high. Additionally, the report indicated one-year inflation expectations eased slightly. Separately, both import and export prices fell more than anticipated in July. Longer dated Treasuries strengthened, with the yield on the 10-year note down five basis points (0.05%) to 2.84%.

In commodities, West Texas Intermediate crude retreated 2.5% to $91.96/barrel, paring its weekly gain to 3.3%. Oil prices caught a tailwind from a weaker U.S. dollar, with a gauge of the greenback weathering its sharpest weekly decline since May (-1.1%).

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, Tech, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Broker/Dealer Index ($XBD +2.02%), Bank Index ($BKX +1.28%), and Retail Index ($RLX +1.83%) all posted influential gains on Friday. The tech sector saw solid gains from the Semiconductor Index ($SOX +2.99%) and Networking Index ($NWX +2.55%) while the Biotech Index ($BTK +0.79%) posted a smaller gain. Commodity-linked groups also had a positive bias as the Gold & Silver Index ($XAU +2.00%) outpaced the Oil Services Index ($OSX +1.79%) and the Integrated Oil Index ($XOI +0.70%).

Chart courtesy of www.stockcharts.com

PICTURED: The Bank Index ($BKX +1.28%) posted a 4th consecutive gain but remains well below its downward sloping 200-day moving average (DMA) line.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	69.47	+1.22	+1.79%	+31.78%
Integrated Oil	$XOI	1,616.89	+11.26	+0.70%	+37.23%
Semiconductor	$SOX	3,067.84	+89.15	+2.99%	-22.26%
Networking	$NWX	839.04	+20.89	+2.55%	-13.60%
Broker/Dealer	$XBD	466.59	+9.25	+2.02%	-4.16%
Retail	$RLX	3,564.54	+63.93	+1.83%	-15.66%
Gold & Silver	$XAU	111.62	+2.19	+2.00%	-15.73%
Bank	$BKX	114.86	+1.46	+1.28%	-13.13%
Biotech	$BTK	5,051.63	+39.45	+0.79%	-8.46%

Closed at Session High With Gain for New All-Time High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Esquire Financial Hldgs (ESQ +$1.47 or +3.84% to $39.80) posted a decent gain today with light volume that helped it rise above previously stubborn resistance in the $39 area for an all-time high, and it finished at the session high. Its 50-day moving average DMA line ($35.43) defines important near-term support to watch on pullbacks. Confirming gains above the pivot point backed by at least +40% above average volume may help clinch a proper technical buy signal.

ESQ was highlighted in yellow in the 7/26/22 mid-day report (read here) with pivot point cited based on its 4/25/22 high plus 10 cents. It was last shown in this FSU section with an annotated graph under the headline, "Volume Driven Gains Approaching Prior High". This thinly-traded holding company in the Finance - Commercial Loans industry group has a small supply (S criteria) of only 6.5 million shares in the public float, which can contribute to greater price volatility in the event of institutional buying or selling. It completed its $14 IPO on 6/29/17. The number of top-rated funds owning its shares rose form 64 in Se '21 to 125 in Jun '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 0.6 is an unbiased indication its shares have been under distributional pressure over the past 50 days.

ESQ has a 97 Earnings Per Share Rating. It reported earnings +37% on +23% sales revenues for the Jun '22 quarter versus the year-ago period, the 4th consecutive quarterly comparison with an earnings increase above the +25% minimum guideline. Its annual earnings growth (A criteria) history has been strong.

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
IMXI - NASDAQ International Money Exp Financial Svcs-Specialty	$24.53	+0.22 0.90%	$24.74	474,771 94.95% of 50 DAV 50 DAV is 500,000	$26.11 -6.05%	7/1/2022	$21.27	PP = $21.38
								MB = $22.45
Most Recent Note - 8/11/2022 7:09:03 PM G - Pulled back today for a 2nd volume-driven loss in the span of 3 sessions off its all-time high. Prior highs in the $22 area and its 50 DMA line ($21.89) define important near-term support to watch. Reported Jun '22 quarterly earnings +21% on +17% sales revenues versus the year ago period, below the +25% minimum earnings guideline (C criteria). >>> FEATURED STOCK ARTICLE : Finished Strong With Another Volume-Driven Gain After Earnings - 8/3/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HRMY - NASDAQ Harmony Biosciences Hldg Medical-Biomed/Biotech	$52.15	+1.24 2.44%	$52.25	614,533 110.73% of 50 DAV 50 DAV is 555,000	$57.13 -8.72%	7/6/2022	$54.12	PP = $52.85
								MB = $55.49
Most Recent Note - 8/12/2022 5:19:31 PM Y - Posted a gain today with near average volume, and recently finding support near its 50 DMA line ($50.24) and prior low ($48.85). More damaging losses would raise concerns and trigger technical sell signals. Challenged its all-time high but met stubborn resistance in the $57 area after reporting Jun '22 quarterly earnings +54% on +45% sales revenues versus the year ago period. >>> FEATURED STOCK ARTICLE : Churning Higher Volume While Perched Near High After Earnings News - 8/4/2022 \| 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	$290.92	+4.92 1.72%	$291.39	4,392,860 217.15% of 50 DAV 50 DAV is 2,023,000	$289.63 0.45%	7/7/2022	$276.55	PP = $273.68
								MB = $287.36
Most Recent Note - 8/12/2022 12:08:54 PM G - Wedging higher for another new all-time high and its color code is changed to green after rising above its "max buy" level. Reported earnings for the Jun '22 quarter rose +19% on +5% sales revenues versus the year ago period, breaking a streak of 3 quarterly earnings increases above the +25% minimum guideline (C criteria), raising concerns. Near-term support to watch is at its 50 DMA line ($267.77). >>> FEATURED STOCK ARTICLE : Wedging Higher With Lighter Volume Behind Gain for New High - 8/9/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
AN - NYSE Autonation Inc SPECIALTY RETAIL - Auto Dealerships	$124.71	+0.87 0.70%	$125.23	399,629 56.68% of 50 DAV 50 DAV is 705,000	$133.48 -6.57%	7/20/2022	$122.03	PP = $126.49
								MB = $132.81
Most Recent Note - 8/11/2022 7:00:21 PM Y - Posted a gain backed by near average volume today but ended near the session low after challenging previously stubborn resistance in the $126 area. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal. Reported Jun '22 quarterly earnings +34% on -2% sales revenues versus the year ago period. Still faces some resistance due to overhead supply up to the $133 level. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Autonation Hovering Near Stubborn Resistance - 8/11/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ESQ - NASDAQ Esquire Financial Hldgs Finance-Commercial Loans	$39.80	+1.47 3.84%	$39.80	27,776 46.29% of 50 DAV 50 DAV is 60,000	$39.50 0.76%	7/26/2022	$37.74	PP = $39.19
								MB = $41.15
Most Recent Note - 8/12/2022 5:16:05 PM Y - Hit a new all-time high and closed at the session high today, clearing stubborn resistance in the $39 area. Confirming gains above the pivot point backed by at least +40% above average volume may help clinch a proper technical buy signal. Its 50 DMA line ($35.43) defines important near-term support. See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Closed at Session High With Gain for New All-Time High - 8/12/2022 \| 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
GPK - NYSE Graphic Packaging Hldg CONSUMER NON-DURABLES - Packaging and Containers	$23.29	+0.09 0.39%	$23.55	4,323,244 149.90% of 50 DAV 50 DAV is 2,884,000	$23.63 -1.44%	7/26/2022	$22.63	PP = $23.09
								MB = $24.24
Most Recent Note - 8/10/2022 12:39:58 PM Y - Gapped up today on track for a 4th consecutive gain and hitting a new 52-week high. A gain and strong close above the pivot point backed by at least +40% above average volume may trigger a proper technical buy signal. Highlighted in yellow in the 7/26/22 mid-day report with pivot point cited based on its 6/06/22 high plus 10 cents. >>> FEATURED STOCK ARTICLE : Negative Reversal After Matching 52-Week High - 7/27/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CSL - NYSE Carlisle Cos Inc Diversified Operations	$312.51	+1.24 0.40%	$315.07	466,134 121.39% of 50 DAV 50 DAV is 384,000	$315.00 -0.79%	7/28/2022	$282.31	PP = $275.23
								MB = $288.99
Most Recent Note - 8/10/2022 6:58:59 PM G - Hit another new all-time high with today's volume-driven gain adding to a recent spurt. Prior highs in the $275 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Carlisle Perched at All-Time High After Noted Breakout - 8/2/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ENPH - NASDAQ Enphase Energy Inc Energy-Solar	$299.26	+6.36 2.17%	$300.24	2,416,299 72.45% of 50 DAV 50 DAV is 3,335,000	$308.88 -3.11%	7/28/2022	$276.66	PP = $282.55
								MB = $296.68
Most Recent Note - 8/12/2022 5:20:51 PM G - Posted another gain today with below average volume, and its color code is changed to green after rising above its "max buy" level. The prior high in the $282 area has been noted as initial support to watch on pullbacks. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Pullback Following 3 Consecutive Gains With Heavier Volume - 8/1/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
PWR - NYSE Quanta Services Inc MATERIALS and CONSTRUCTION - General Contractors	$143.46	+2.21 1.56%	$143.63	772,886 58.11% of 50 DAV 50 DAV is 1,330,000	$146.84 -2.30%	7/28/2022	$141.83	PP = $140.14
								MB = $147.15
Most Recent Note - 8/10/2022 7:15:55 PM Y - Posted a gain today with lighter than average volume for a 2nd best ever close back above its pivot point. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Volume-Driven Breakout for Quanta Services - 7/28/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CLFD - NASDAQ Clearfield Inc TELECOMMUNICATIONS - Cables / Satalite Equipment	$118.24	+2.71 2.35%	$120.77	333,233 108.54% of 50 DAV 50 DAV is 307,000	$119.97 -1.44%	7/29/2022	$94.10	PP = $86.81
								MB = $91.15
Most Recent Note - 8/12/2022 5:17:45 PM G - Posted a gain today with average volume for another new all-time high. Prior high in the $86 area defines initial support to watch on pullbacks. Fundamentals remain strong after it reported Jun '22 quarterly earnings +109% on +84% sales revenues above the year ago period. >>> FEATURED STOCK ARTICLE : Volume Heavy Behind Technical Breakout - 7/29/2022 \| 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
GFF - NYSE Griffon Corporation MATERIALS and CONSTRUCTION - General Building Materials	$33.51	-0.19 -0.56%	$33.94	321,925 70.91% of 50 DAV 50 DAV is 454,000	$34.35 -2.45%	8/8/2022	$32.46	PP = $31.12
								MB = $32.68
Most Recent Note - 8/11/2022 7:12:57 PM G - Hit yet another new high with today's gain backed by near average volume, getting extended from the previously noted base. Prior highs in the $31 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Breakout for New High Backed by +52% Above Average Volume - 8/8/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CLH - NYSE Clean Harbors Inc Pollution Control	$118.79	+3.81 3.31%	$118.92	684,375 217.95% of 50 DAV 50 DAV is 314,000	$118.89 -0.08%	8/10/2022	$111.78	PP = $115.10
								MB = $120.86
Most Recent Note - 8/12/2022 12:11:46 PM Y - On track today for its 3rd consecutive volume-driven gain, rising above the pivot point cited based on its 4/01/22 high plus 10 cents. A gain and strong close above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Very little resistance remains due to overhead supply up to the $118 level. Reported Jun '22 quarterly earnings +105% on +46% sales revenues versus the year ago period. Prior quarters showed a strong earnings track record with earnings above the +25% minimum guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady. >>> FEATURED STOCK ARTICLE : Pollution Control Firm Perched Near Prior High - 8/10/2022 \| 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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