FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Tuesday, December 13th, 2022

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AFTER MARKET UPDATE - TUESDAY, DECEMBER 13TH, 2022

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Indices				NYSE			Nasdaq
DOW	+103.60	34,108.64	+0.30%	Volume	1,191,127,176	+38%	Volume	6,099,786,900	+28%
NASDAQ	+113.08	11,256.81	+1.01%	Advancers	2,135	70%	Advancers	2,673	58%
S&P 500	+29.09	4,019.65	+0.73%	Decliners	921	30%	Decliners	1,920	42%
Russell 2000	+13.75	1,832.36	+0.76%	52 Wk Highs	91		52 Wk Highs	126
S&P 600	+4.23	1,203.31	+0.35%	52 Wk Lows	56		52 Wk Lows	249

Major Averages Sputtered After Early Gains Yet Ended Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

The Dow gained 103 points, while the Nasdaq Composite added 1%. The S&P 500 advanced 0.7%. Volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 2-1 margin on the NYSE and 5-4 on the Nasdaq exchange. There were 40 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, up from the total of 6 on the prior session. New 52-week lows totals expanded and solidly outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. The market is in an uptrend (M criteria). Healthy leadership (new 52-week highs totals) must continue for the rally be productive, but new highs totals have recently contracted. Only stocks meeting all key-criteria of the fact-based investment system should be considered as buy candidates.

Chart courtesy of www.stockcharts.com

PICTURED: The Nasdaq Composite Index is consolidating above its 50-day moving average (DMA) line and posted a big gain rallying toward its longer-term 200 DMA average line. Subsequent gains above the 200 DMA could help to signal that the tech-heavy index is in healthier shape.

U.S. equities closed in positive territory Tuesday after inflation data came in softer than Wall Street’s forecast. Following today’s announcement, some market analysts have stated inflation may have peaked in October as November’s Consumer Price Index (CPI) data reported further easing. Investors are continuing to parse through the data ahead of Wednesday’s Federal Open Market Committee (FOMC) meeting at 2pm ET. Ten of the 11 sectors in the S&P 500 finished in positive territory, with Real Estate pacing gains.

On the data front, November’s headline CPI showed prices rose 0.1% month-over-month and 7.1% annually, easing from October’s 0.4% and 7.7% print respectively. Core CPI (which excludes the more volatile food and energy prices) beat estimates, coming in softer-than-expected with a 6% annualized gain and a 0.2% gain in November, marking the smallest monthly increase in more than a year.

Treasuries strengthened, with the yield on the benchmark 10-year note shedding ten basis points (0.10%) to 3.51%, while the yield on the 30-year bond declined three basis points (0.03%) to 3.54%. The yield on the two-year note, which is more sensitive to changes in Federal Reserve (Fed) policy, fell 15 basis points (0.15%) to 4.23%. In commodities, West Texas Intermediate (WTI) crude increased 3% to $75.37/barrel amid the ongoing shutdown of the Keystone pipeline after part of the pipeline broke last week, reducing the U.S.’s overall inventories. Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) announced on Tuesday plans to trim its first quarter forecast after they stated it is evident the global economy is slowing down.

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, Tech and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.36%) posted a gain while the Bank Index ($BKX +0.04%) finished flat and the Broker/Dealer Index ($XBD -0.23%) edged lower. The Biotech Index ($BTK +2.08%) led the tech sector higher while the Semiconductor Index ($SOX +1.52%) followed and the Networking Index ($NWX +0.49%) also edged higher. Commodity-linked groups had a positive bias as the Oil Services Index ($OSX +3.63%), Integrated Oil Index ($XOI +1.58%), and Gold & Silver Index ($XAU +2.41%) posted unanimous gains.

Chart courtesy of www.stockcharts.com

PICTURED: The Semiconductor Index ($SOX +1.52%) rose above its 200-day moving average (DMA) line for the first time since March.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	81.01	+2.84	+3.63%	+53.66%
Integrated Oil	$XOI	1,750.45	+27.20	+1.58%	+48.57%
Semiconductor	$SOX	2,821.53	+42.32	+1.52%	-28.50%
Networking	$NWX	828.43	+4.02	+0.49%	-14.69%
Broker/Dealer	$XBD	467.40	-1.08	-0.23%	-4.00%
Retail	$RLX	2,915.52	+39.22	+1.36%	-31.02%
Gold & Silver	$XAU	122.82	+2.89	+2.41%	-7.27%
Bank	$BKX	102.05	+0.04	+0.04%	-22.82%
Biotech	$BTK	5,391.05	+110.00	+2.08%	-2.31%

Testing Support Near 50-Day Moving Average Line and Prior Pivot
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Vertex Pharmaceuticals (VRTX -$7.10 or -2.26% to $307.09) pulled back today with above average volume after wedging to new highs with light volume. It is testing near its 50-day moving average (DMA) line ($307.36) which defines near-term support to watch. Recently it reported Sep '22 quarterly earnings +14% on +18% sales revenues versus the year ago period, below the +25% minimum earnings guideline, raising fundamental concerns (C criteria). Annual earnings (A criteria) history has been strong.

VRTX was highlighted in yellow in the 10/24/22 mid-day report (read here) with pivot point cited based on its 8/15/22 high plus 10 cents. It was covered in this FSU section in greater detail on 11/16/22 with an annotated graph under the headline, "Made Little Progress Following Breakout and Latest Earnings News".

VRTX currently has a 98 Earnings Per Share Rating. It fell from 99 recently after it reported Sep '22 quarterly earnings +14% on +18% sales revenues versus the year ago period, below the +25% minimum earnings guideline, raising fundamental concerns (C criteria). Annual earnings (A criteria) history has been strong.

It hails from the Medical-Biomed/Biotech industry which is currently ranked 30th on the 197 Industry Groups list. It has 256.7 million shares outstanding (S criteria). The number of top-rated funds owning its shares rose from 2,722 in Dec '21 to 3,292 in Sep '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.7 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness Rating of A and Sponsorship Rating of C.

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
ESQ - NASDAQ Esquire Financial Hldgs Finance-Commercial Loans	$41.82	-0.90 -2.11%	$43.75	30,856 114.28% of 50 DAV 50 DAV is 27,000	$48.13 -13.11%	10/18/2022	$40.02	PP = $39.95
								MB = $41.95
Most Recent Note - 12/12/2022 6:09:28 PM G - Managed a positive reversal today after early weakness below its 50 DMA line, testing prior highs and its 50 DMA line ($42.43) defining important near-term support to watch. >>> FEATURED STOCK ARTICLE : Pulled Back Following "Negative Reversal" at All-Time High - 11/25/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CMC - NYSE Commercial Metals Co METALS and MINING - Steel and Iron	$48.80	+0.23 0.47%	$49.99	1,143,052 115.00% of 50 DAV 50 DAV is 994,000	$50.83 -3.99%	10/14/2022	$41.61	PP = $44.45
								MB = $46.67
Most Recent Note - 12/13/2022 6:52:27 PM G - Posted a 2nd consecutive gain today but ended near the session low. Remains perched near its 52-week high after breaking a streak of 9 consecutive weekly gains. Fundamentals remain strong. Prior highs define initial support to watch above its 50 DMA line ($45.38). >>> FEATURED STOCK ARTICLE : Wedging Higher With Recent Gains Lacking Great Volume - 12/2/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
VRTX - NASDAQ Vertex Pharmaceuticals Medical-Biomed/Biotech	$307.09	-7.10 -2.26%	$317.33	2,006,114 136.75% of 50 DAV 50 DAV is 1,467,000	$324.75 -5.44%	10/24/2022	$308.47	PP = $306.05
								MB = $321.35
Most Recent Note - 12/13/2022 6:47:26 PM Y - Pulled back today with above average volume after wedging to new highs with light volume, testing support near its 50 DMA line ($307.36) and prior pivot point. Recently reported Sep '22 quarterly earnings +14% on +18% sales revenues versus the year ago period, below the +25% minimum earnings guideline raising fundamental concerns (C criteria). See the latest FSU analysis for more details and a new annotated graph. >>> FEATURED STOCK ARTICLE : Testing Support Near 50-Day Moving Average Line and Prior Pivot - 12/13/2022 \| 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	$22.29	+0.01 0.04%	$22.72	3,424,431 116.12% of 50 DAV 50 DAV is 2,949,000	$24.07 -7.40%	10/25/2022	$22.75	PP = $24.17
								MB = $25.38
Most Recent Note - 12/13/2022 6:54:02 PM Y - Posted a 2nd consecutive gain today but ended near the session low, consolidating just above its 50 DMA line ($22.04). More damaging losses would raise concerns and trigger a technical sell signal. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average Still Perched Near High - 11/17/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CBZ - NYSE C B I Z Inc Comml Svcs-Consulting	$50.51	+0.54 1.08%	$51.67	428,808 166.20% of 50 DAV 50 DAV is 258,000	$50.57 -0.12%	10/26/2022	$47.83	PP = $48.57
								MB = $51.00
Most Recent Note - 12/12/2022 6:41:39 PM Y - Posted a 3rd consecutive small gain today with +22% above average volume, hovering near its 52-week high. Its 50 DMA line ($47.45) and recent low define important near-term support. It has formed an orderly new 6-week flat base but a new pivot point is not cited because it has made little headway from the prior base and remains below the "max buy" level. Recently reported Sep '22 quarterly earnings +24% on +28% sales revenues versus the year ago period. >>> FEATURED STOCK ARTICLE : Gapped Up and Rebounded Above Pivot Point - 11/18/2022 \| 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
ENPH - NASDAQ Enphase Energy Inc Energy-Solar	$325.99	+5.13 1.60%	$333.64	2,550,182 64.56% of 50 DAV 50 DAV is 3,950,000	$339.92 -4.10%	10/26/2022	$301.55	PP = $324.94
								MB = $341.19
Most Recent Note - 12/12/2022 6:07:01 PM Y - Holding its ground after recently slumping below its pivot point raising some concerns. Stalled after hitting a new all-time high on 12/02/22 with a volume-driven gain above its pivot point. Faces no resistance due to overhead supply. Its 50 DMA line ($289.28) defines near-term support above the recent low ($262.60 on 11/07/22). Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Perched Near High Still Awaiting Technical Breakout - 11/21/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
HRMY - NASDAQ Harmony Biosciences Holdings Medical-Biomed/Biotech	$59.29	-0.74 -1.23%	$61.42	284,770 60.26% of 50 DAV 50 DAV is 472,600	$62.09 -4.51%	11/1/2022	$55.31	PP = $57.23
								MB = $60.09
Most Recent Note - 12/13/2022 7:00:05 PM Y - Still hovering below its "max buy" level with below average volume totals. Its 50 DMA line ($54.92) and 11/17/22 low ($53.06) define important near-term support to watch. >>> FEATURED STOCK ARTICLE : Harmony Still Hovering Near All-Time High - 11/28/2022 \| 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	$120.20	+2.04 1.73%	$122.68	402,191 97.86% of 50 DAV 50 DAV is 411,000	$125.41 -4.15%	11/2/2022	$121.59	PP = $124.59
								MB = $130.82
Most Recent Note - 12/13/2022 6:49:47 PM Y - Posted a gain today with average volume. Still consolidating back below its pivot point yet remaining above its 50 DMA line ($117) and recent low ($114.86 on 11/29/22) which define important near-term support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Volume-Driven Losses Undercut 50-Day Moving Average - 11/29/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
NPO - NYSE Enpro Industries Inc Machinery-Gen Industrial	$111.47	+0.29 0.26%	$113.99	88,589 89.48% of 50 DAV 50 DAV is 99,000	$127.67 -12.69%	11/4/2022	$119.06	PP = $117.73
								MB = $123.62
Most Recent Note - 12/13/2022 6:57:29 PM Y - It has slumped below its pivot point raising concerns and it is consolidating just above its 50 DMA line ($108.29) which defines important near term support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Consolidating Near Old Highs Following Recent Breakout - 12/1/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
DGII - NASDAQ Digi International Inc COMPUTER HARDWARE - Networking and Communication Dev	$40.53	+0.53 1.33%	$42.03	257,729 66.08% of 50 DAV 50 DAV is 390,000	$43.68 -7.21%	11/10/2022	$41.82	PP = $40.96
								MB = $43.01
Most Recent Note - 12/12/2022 6:45:12 PM Y - Posted a small gain today with lighter than average volume. Its 50 DMA line ($38.70) defines important near-term support to watch. Fundamentals remain strong. >>> FEATURED STOCK ARTICLE : Sputtering After Recently Wedging to New Highs - 12/6/2022 \| 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	$36.33	+0.07 0.19%	$37.69	482,714 131.89% of 50 DAV 50 DAV is 366,000	$36.75 -1.14%	11/10/2022	$34.13	PP = $35.02
								MB = $36.77
Most Recent Note - 12/13/2022 12:42:54 PM Y - Hit a new 52-week high today with a 2nd consecutive volume-driven gain. Recently consolidating near prior highs in the $34 area which define initial support to watch above its 50 DMA line ($32.99). Reported Sep '22 quarterly earnings +230% on +24% sales revenues versus the year ago period. >>> FEATURED STOCK ARTICLE : No Meaningful Progress After Breakout 3 Weeks Ago - 12/7/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
ANET - NYSE Arista Networks Inc Computer-Networking	$133.02	+2.06 1.57%	$137.85	2,704,035 112.90% of 50 DAV 50 DAV is 2,395,000	$148.57 -10.47%	11/14/2022	$132.05	PP = $133.70
								MB = $140.39
Most Recent Note - 12/12/2022 6:56:11 PM Y - Posted a gain today with below average volume. Its 50-day moving average (DMA) line ($123) defines near-term support to watch. Subsequent gains and a close above the pivot point must be backed by at least +40% above average volume to trigger a proper technical buy signal. Faces some resistance due to overhead supply up to the $148 level. Fundamentals are strong. >>> FEATURED STOCK ARTICLE : Sputtered Back Below Prior High Hurting Outlook - 12/9/2022 \| View all notes \| Set NEW NOTE alert \| Company Profile \| SEC News \| Chart \| Request a new note C A S I
CPRX - NASDAQ Catalyst Pharma Inc Medical-Biomed/Biotech	$17.80	+0.39 2.24%	$17.98	2,600,683 118.64% of 50 DAV 50 DAV is 2,192,000	$18.39 -3.21%	11/22/2022	$17.38	PP = $16.66
								MB = $17.49
Most Recent Note - 12/12/2022 6:51:14 PM Y - Posted a big volume-driven gain today approaching its "max buy" level. Recently consolidating near the prior high and well above its 50 DMA line ($14.70). >>> FEATURED STOCK ARTICLE : Breakout From Cup-With-Handle With 90% Above Average Volume - 11/22/2022 \| 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	$40.14	+0.52 1.31%	$41.23	282,586 153.58% of 50 DAV 50 DAV is 184,000	$44.35 -9.49%	11/30/2022	$40.10	PP = $38.68
								MB = $40.61
Most Recent Note - 12/12/2022 6:48:53 PM Y - Consolidating in an orderly fashion above the prior high in the $38 area which defines initial support to watch. Fundamentals remain strong after reporting Oct '22 quarterly earnings +91% on +47% sales revenues. >>> FEATURED STOCK ARTICLE : Gap Up and Big Volume-Driven Breakout Gain - 11/30/2022 \| 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	$23.77	+0.31 1.32%	$24.26	254,549 206.95% of 50 DAV 50 DAV is 123,000	$25.55 -6.97%	12/8/2022	$23.94	PP = $25.65
								MB = $26.93
Most Recent Note - 12/13/2022 6:56:07 PM Y - Posted a gain today with above average volume but ended near the session low. Highlighted in yellow with pivot point cited based on its 6/06/22 high plus 10 cents in the 12/08/22 mid-day report. It is -6.9% off its 52-week high. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. The Sep '22 quarter showed +78% earnings on +14% sales revenues versus the year ago period. The past 4 quarterly comparisons were above the +25% minimum guideline (C criteria), however, its sales revenues growth rate has shown deceleration in sequential comparisons +45%, +29%, +24%, to +14%. Annual earnings (A criteria) history had a slight downturn in FY '19 but growth has been otherwise strong and steady. >>> FEATURED STOCK ARTICLE : Myers Industries on Track for 9th Straight Weekly Gain - 12/8/2022 \| 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
BOX - NYSE Box Inc Cl A Computer Sftwr-Database	$31.28	+1.08 3.58%	$31.68	2,999,476 273.92% of 50 DAV 50 DAV is 1,095,000	$33.04 -5.33%	12/12/2022	$29.83	PP = $29.57
								MB = $31.05
Most Recent Note - 12/13/2022 12:20:23 PM Y - Gapped up for a 2nd consecutive session and it is trading near its "max buy" level. Color code was changed to yellow with pivot point cited based on its 11/01/22 high plus 10 cents in the prior mid-day report while noted - "It formed an orderly base and recently found support near its 50 and 200 DMA lines. Faces some additional resistance due to overhead supply up to the $33 level. Quarterly and annual earnings increases have been strong and steady." See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Volume Heavy Behind Breakout for Box Inc - 12/12/2022 \| 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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