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AFTER MARKET UPDATE - WEDNESDAY, FEBRUARY 2ND, 2022
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Indices NYSE Nasdaq
DOW  +224.09 35,629.33 +0.63% Volume 986,524,540 -2% Volume 4,578,789,400 +0%
NASDAQ +71.54 14,417.55 +0.50% Advancers 1,416 44% Advancers 1,540 34%
S&P 500 +42.84 4,589.38 +0.94% Decliners 1,827 56% Decliners 2,978 66%
Russell 2000 -21.22 2,029.52 -1.03% 52 Wk Highs 76   52 Wk Highs 56  
S&P 600 -6.66 1,302.37 -0.51% 52 Wk Lows 55   52 Wk Lows 114  

TODAY'S SPECIAL NOTICE

Disciplined investors will note Monday's follow-through day in the market (M criteria) confirmed a new uptrend. New buying efforts may be made in stocks fitting all key criteria of the fact-based investment system.


Breadth Was Negative Yet Major Indices Rose

The S&P 500 advanced 0.9%, bringing its four-session increase to nearly 6%—its strongest such rally since November 2020. The Dow added 224 points, closing within 3.2% of its most recent January 4 record. The Nasdaq Composite rose 0.5%. Volume totals reported were lighter than the prior session on the NYSE and near the prior total on the Nasdaq exchange. Decliners led advancers by a 9-7 margin on the NYSE and nearly 2-1 on the Nasdaq exchange. There were 21 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus 14 on the prior session. New 52-week highs outnumbered new lows on the NYSE but new lows still outnumbered new highs on the Nasdaq exchangeSolid gains noted on Monday for the Nasdaq Composite (+3.4%) and S&P 500 Index (+1.9%) with higher volume coupled with greater leadership marked a follow-through day confirming a new uptrend for the market averages (M criteria).
Chart courtesy of www.stockcharts.com

PICTURED: The S&P 500 Index posted a 4th consecutive gain, rebounding from below its 200-day moving average (DMA) line and toward its 50 DMA line.

U.S. stocks finished higher on Wednesday as key corporate earnings reports outweighed a disappointing labor market update. Ten of 11 S&P 500 sectors finished in positive territory, with Communication Services pacing gains, helped by strong quarterly results from mega-cap Alphabet Inc (GOOGL +7.52%), Google's parent, hit a new all-time high after announcing a 20-for-1 stock split and dwarfing Wall Street profit estimates as its digital ad sales climbed. In other earnings, PayPal Holdings Inc. (PYPL -24.6%) gapped down after the payment service company missed consensus earnings forecasts and offered disappointing guidance. Chipmaker Advanced Micro Devices Inc. (AMD +5.12%) rose following a top and bottom line beat and better-than-expected full-year outlook. Consumer Discretionary shares lagged as quarterly results from General Motors Co. (GM -1.05%) and Starbucks Corp. (SBUX -1.04%) fell short of analyst estimates.

On the data front, a report from ADP showed private payrolls unexpectedly decreased by 301,000 in January, marking the first contraction since December 2020 as the Omicron COVID-19 variant impacted hiring. This precedes tomorrow’s weekly initial jobless claims figure and Friday’s monthly non-farm payrolls report. Treasuries strengthened, with the yield on the 10-year note down two basis points (0.02%) to 1.77%. In commodities, West Texas Intermediate crude settled 0.2% higher at $88.37/barrel after OPEC+ (the Organization of the Petroleum Exporting Countries and its allies) agreed to move forward with its planned output hike in March.

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.


Semiconductor Index Led Group Gainers

Financials were mixed and little changed as the Bank Index ($BKX +0.40%) edged higher and the Broker/Dealer Index ($XBD -0.24%) edged lower. The Retail Index ($RLX -0.09%) finished flat. The Semiconductor Index ($SOX +2.46%) led the tech sector while the Networking Index ($NWX +0.16%) inched higher, meanwhile the Biotech Index ($BTK -0.93%) lost ground. Energy-linked groups were mixed as the Oil Services Index ($OSX -1.09%) fell while the Integrated Oil Index ($XOI +0.61%) edged higher.  The Gold & Silver Index ($XAU -0.17%) was little changed. 
Chart courtesy of www.stockcharts.com


PICTURED: The Semiconductor Index ($SOX +2.46%) posted a 4th consecutive gain, rebounding above its 200-day moving average (DMA) line.

Industry Index Symbol Close Change % Change YTD % Change
Oil Services $OSX  66.30 -0.73 -1.09% +25.76%
Integrated Oil $XOI  1,436.56 +8.73 +0.61% +21.93%
Semiconductor $SOX  3,597.17 +86.31 +2.46% -8.84%
Networking $NWX  871.56 +1.39 +0.16% -10.25%
Broker/Dealer $XBD  488.97 -1.19 -0.24% +0.43%
Retail $RLX  3,830.46 -3.60 -0.09% -9.37%
Gold & Silver $XAU  126.24 -0.22 -0.17% -4.69%
Bank $BKX  138.74 +0.55 +0.40% +4.93%
Biotech $BTK  5,126.17 -47.96 -0.93% -7.11%





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
StockCharts.com Latest Chart for REGN REGN - NASDAQ
Regeneron Pharmaceutical
DRUGS - Biotechnology  
$622.85 +9.49
1.55%

$623.40

1,031,090
136.39% of 50 DAV
50 DAV is 756,000
$686.62
-9.29%
12/13/2021 $647.95 PP = $686.72
MB = $721.06
Most Recent Note - 2/2/2022 4:58:43 PM
G - Posted a volume-driven gain today and ended near the session high. A rebound above the 50 DMA line ($628.74) still is needed for its outlook to improve. Due to report Dec '21 quarterly results on Friday, 2/04/22. Volume and volatility often increase near earnings news. Recently holding its ground in a tight range above prior lows and above its 200 DMA line ($591) which define the important near-term support.
>>> FEATURED STOCK ARTICLE : Earnings News Due While Consolidating Above 200 DMA Line - 2/1/2022
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for SF SF - NYSE
Stifel Financial Corp
FINANCIAL SERVICES - Investment Brokerage - Regiona  
$78.02 +0.26
0.33%

$78.60

793,315
149.12% of 50 DAV
50 DAV is 532,000
$78.60
-0.74%
1/27/2022 $74.17 PP = $76.23
MB = $80.04
Most Recent Note - 2/2/2022 5:00:11 PM
Y - Matched its 52-week high today while posting a 6th consecutive gain backed by above average volume. Rising from a noted "double bottom" base. Disciplined investors may note Monday's follow-through day in the market (M criteria) confirmed a new uptrend. Bullish action has come since it reported strong results for the Dec '21 quarter versus the year ago period, its 5th strong quarterly comparison. Annual earnings (A criteria) history has been good.
>>> FEATURED STOCK ARTICLE : Formed Double Bottom Base and Faces Little Resistance - 1/27/2022
 |  View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A  S  I 
StockCharts.com Latest Chart for TGH TGH - NYSE
Textainer Group Holdings
TRANSPORTATION - Logistics  
$38.37 -0.07
-0.18%

$38.90

254,841
70.99% of 50 DAV
50 DAV is 359,000
$41.24
-6.96%
1/31/2022 $36.68 PP = $41.34
MB = $43.41
Most Recent Note - 2/2/2022 5:02:32 PM
Y - Quietly consolidating above its 50 DMA line ($35.85) and perched within close striking distance of its 52-week high. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger a technical buy signal. Highlighted in yellow with pivot point cited based on its 11/05/21 high plus 10 cents in the 1/31/22 mid-day report. Disciplined investors may note a follow-through day in the market (M criteria) confirmed a new uptrend. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Consolidating Above 50-Day Moving Average - 1/31/2022
 |  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.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time.  Questions or comments may be submitted by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307 or 954-785-1121.

Kenneth J. Gruneisen founded Gruneisen Growth Corp. (2003), which prior to May 11, 2015, operated CANSLIM.net and CANSLIM.com both under license from Data Analysis Inc. / Investor's Business Daily. Kenneth has passed the CAN SLIM® Master's Exam. Gruneisen Growth Corp. now continues over two decades of fact based market analysis via FactBasedInvesting.com.

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