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AFTER MARKET UPDATE - THURSDAY, JANUARY 2ND, 2025
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DOW |
-151.95 |
42,392.27 |
-0.36% |
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Volume |
846,915,020 |
+312% |
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Volume |
9,056,661,100 |
+90% |
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NASDAQ |
-30.00 |
19,280.79 |
-0.16% |
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Advancers |
1,524 |
55% |
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Advancers |
2,458 |
56% |
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S&P 500 |
-13.08 |
5,868.55 |
-0.22% |
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Decliners |
1,228 |
45% |
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Decliners |
1,911 |
44% |
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Russell 2000 |
+1.51 |
2,231.67 |
+0.07% |
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52 Wk Highs |
29 |
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52 Wk Highs |
81 |
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S&P 600 |
-3.26 |
1,404.91 |
-0.23% |
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52 Wk Lows |
48 |
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52 Wk Lows |
57 |
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Breadth Positive and Leadership Improved with Higher Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 and the Nasdaq Composite both settled -0.2% lower after trading up earlier. The Russell 2000 closed +0.1% higher. The volume totals were much higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 5-4 margin at the NYSE and at the Nasdaq exchange. Leadership improved as there were 9 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, up from 1 on the prior session. New 52-week lows again outnumbered new 52-week highs on the NYSE, meanwhile new highs outnumbered new lows on the Nasdaq exchange for the first time in 10 sessions. The major indices' uptrend has come under pressure (M criteria). Disciplined investors know that new buying efforts are only to be made in stocks meeting all key criteria of the fact-based investment system.
PICTURED: The Dow Jones Industrial Average fell -0.36% for a 4th consecutive loss after its rebound met resistance near its 50-day moving average (DMA) line.
Apple (AAPL -2.6%) and Tesla (TSLA -6.1%) extended early declines as the major indices moved to session lows. Microsoft (MSFT -0.7%) was also a negative influence. As for S&P 500 sectors, the consumer discretionary sector was the worst performer, dropping -1.3%. The information technology sector posted a +0.2% gain. The energy sector was a winning standout, jumping +1.0% as commodity prices climbed. WTI crude oil futures settled +1.9% higher at $73.11/bbl and natural gas futures rose +1.6% to $3.15/mmbtu.
Treasuries saw the 2-yr yield settle one basis point higher at 4.25% and the 10-yr yield also settled one basis point higher at 4.58%. Strength in the dollar was another contributing factor in the downside bias. The U.S. Dollar Index was up 0.9% to to 109.33, hitting its highest level since September 2022. The euro (EUR/USD -1.0% to 1.0252) has been sinking on growth and policy rate divergences.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Commodity-Linked Groups Led Gainers as Tech and Broker/Dealer Index Followed
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +1.11%) outpaced the Retail Index ($RLX +0.27%) while the Bank Index ($BKX -0.11%) finished slightly lower. The tech sector had a positive bias as the Semiconductor Index ($SOX +0.83%), Networking Index ($NWX +0.25%), and the Biotech Index ($BTK +0.54%) each posted small gains. Commodity-linked groups clearly had a positive bias as the Gold & Silver Index ($XAU +4.21%) outpaced the Oil Services Index ($OSX +2.27%) and the Integrated Oil Index ($XOI +1.28%).
PICTURED: The Bank Index ($BKX -0.11%) is consolidating below its 50-day moving average (DMA) line which acted as resistance when rebounding.
| Oil Services |
$OSX |
74.25 |
+1.65 |
+2.27% |
+2.27% |
| Integrated Oil |
$XOI |
1,786.16 |
+22.61 |
+1.28% |
+1.28% |
| Semiconductor |
$SOX |
5,021.50 |
+41.57 |
+0.83% |
+0.83% |
| Networking |
$NWX |
1,251.74 |
+3.17 |
+0.25% |
+0.25% |
| Broker/Dealer |
$XBD |
814.30 |
+8.95 |
+1.11% |
+1.11% |
| Retail Index |
$RLX |
5,144.62 |
-29.83 |
-0.58% |
+0.00% |
| Gold & Silver |
$XAU |
142.96 |
+5.78 |
+4.21% |
+4.21% |
| Bank |
$BKX |
127.33 |
-0.14 |
-0.11% |
-0.11% |
| Biotech |
$BTK |
5,776.54 |
+30.86 |
+0.54% |
+0.54% |
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Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
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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 |
USLM
-
NASDAQ
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag
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$122.14
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-10.60
-7.99% |
$135.72
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203,925
192.38% of 50 DAV
50 DAV is 106,000
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$159.53
-23.44%
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9/17/2024
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$71.26
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PP = $87.23
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MB = $91.59
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Most Recent Note - 1/2/2025 8:37:23 PM
Suffered a big 4th consecutive loss today with above average volume, slumping well below its 50 DMA line ($135) and below the prior low ($128.86 on 12/20/24) raising concerns and triggering worrisome technical sell signals. It will be dropped from the Featured Stocks list.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After Impressive Rally - 11/12/2024 |
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C
A
S
I |
GVA
-
NYSE
Granite Construction
Bldg-Heavy Construction
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$87.92
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+0.21
0.24% |
$89.07
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532,115
80.38% of 50 DAV
50 DAV is 662,000
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$105.20
-16.43%
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6/11/2024
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$59.76
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PP = $64.33
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MB = $67.55
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Most Recent Note - 12/31/2024 4:24:09 PM
G - Still sputtering below its 50 DMA line ($92), and a rebound above that short-term average is needed for its outlook to improve. Encountering distributional pressure after a noted "negative reversal" at its all-time high. Reported Sep '24 quarterly earnings +19% on +14% sales revenues versus the year-ago period, repeatedly noted as "below the +25% minimum guideline (C criteria) of the fact-based investment system."
>>> FEATURED STOCK ARTICLE : Negative Reversal After Hitting New All-Time High - 12/6/2024 |
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C
A
S
I |
TXRH
-
NASDAQ
Texas Roadhouse
Retail-Restaurants
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$181.20
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+0.77
0.43% |
$185.25
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783,748
110.23% of 50 DAV
50 DAV is 711,000
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$206.04
-12.06%
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7/26/2024
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$173.08
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PP = $175.82
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MB = $184.61
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Most Recent Note - 12/31/2024 4:31:01 PM
G - Volume totals have been cooling while lingering below its 50 DMA line ($191). A rebound above the 50 DMA line is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Hovering Near High After Recent Volume-driven Gains - 11/15/2024 |
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C
A
S
I |
HWM
-
NYSE
Howmet Aerospace
Aerospace/Defense
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$110.79
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+1.42
1.30% |
$112.46
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2,069,252
88.17% of 50 DAV
50 DAV is 2,347,000
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$120.71
-8.22%
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7/30/2024
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$93.95
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PP = $85.52
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MB = $89.80
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Most Recent Note - 12/31/2024 4:25:05 PM
G - Quietly sputtering below its 50 DMA line ($111) yet well above the prior high ($106.93 on 10/21/24) defining near-term support levels to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched at High - 12/5/2024 |
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C
A
S
I |
NGVC
-
NYSE
Natural Grocers
Retail-Super/Mini Mkts
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$41.27
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+1.55
3.90% |
$41.47
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92,503
83.34% of 50 DAV
50 DAV is 111,000
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$47.57
-13.24%
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11/5/2024
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$30.57
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PP = $30.42
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MB = $31.94
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Most Recent Note - 1/2/2025 8:39:40 PM
G - Posted a 3rd consecutive gain, consolidating above its 50 DMA line ($37).. Reported Sep '24 quarterly earnings +50% on +9% sales revenues versus the year-ago period.
>>> FEATURED STOCK ARTICLE : Consolidating After Considerable Rally to New Highs - 12/16/2024 |
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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 |
CLS
-
NYSE
Celestica
Elec-Contract Mfg
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$93.07
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+0.77
0.83% |
$94.63
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1,352,140
57.54% of 50 DAV
50 DAV is 2,350,000
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$100.51
-7.40%
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10/11/2024
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$57.62
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PP = $63.59
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MB = $66.77
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Most Recent Note - 12/31/2024 4:20:52 PM
G - Pulled back today for a 3rd consecutive small loss. Volume totals have been cooling while hovering near its all-time high, very extended from any sound base. Its 50 DMA line ($84.20) defines initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pulling Back After Considerable Rally - 11/13/2024 |
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C
A
S
I |
PAY
-
NYSE
Paymentus Holdings
Finance-CrdtCard/PmtPr
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$32.64
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-0.03
-0.09% |
$32.88
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540,377
119.55% of 50 DAV
50 DAV is 452,000
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$38.94
-16.18%
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10/17/2024
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$26.15
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PP = $25.31
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MB = $26.58
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Most Recent Note - 12/31/2024 4:27:22 PM
G - Consolidating above its 50 DMA line ($31.77) which defines important near-term support to watch. It has not yet formed a sound new base of sufficient length.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base After Considerable Spike Higher - 11/14/2024 |
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C
A
S
I |
RMD
-
NYSE
ResMed
Medical-Products
|
$228.48
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-0.21
-0.09% |
$230.99
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558,305
60.29% of 50 DAV
50 DAV is 926,000
|
$260.49
-12.29%
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10/25/2024
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$256.64
|
PP = $255.28
|
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MB = $268.04
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Most Recent Note - 12/31/2024 4:28:06 PM
G - Ended down today with another small loss on light volume, still sputtering after recently shaking out below prior lows. A rebound above its 50 DMA line ($241.57) is needed for its outlook to improve. Its Relative Strength Rating is 80, right at the 80+ minimum guideline for buy candidates.
>>> FEATURED STOCK ARTICLE : Recent Slump Below 50-Day Moving Average Raised Concerns - 11/18/2024 |
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C
A
S
I |
ATGE
-
NYSE
Adtalem Global Education
Consumer Svcs-Education
|
$92.76
|
+1.91
2.10% |
$95.00
|
532,365
130.16% of 50 DAV
50 DAV is 409,000
|
$92.93
-0.18%
|
12/31/2024
|
$91.50
|
PP = $93.03
|
|
MB = $97.68
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Most Recent Note - 12/31/2024 4:19:35 PM
Y - Color code is changed to yellow with new pivot point based on its 11/06/24 high plus 10 cents. Still consolidating in an orderly fashion above its 50 DMA line ($86.43) which defines initial support above prior highs in the $80 area. Subsequent volume-driven gains above its pivot point may trigger a new (or add-on) technical buy signal. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Hovering Near High With Volume Totals Cooling - 12/4/2024 |
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C
A
S
I |
TW
-
NASDAQ
Tradeweb Markets
Financial Svcs-Specialty
|
$131.33
|
+0.41
0.31% |
$131.89
|
715,761
85.52% of 50 DAV
50 DAV is 837,000
|
$141.69
-7.31%
|
11/19/2024
|
$134.41
|
PP = $136.23
|
|
MB = $143.04
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Most Recent Note - 12/31/2024 4:29:14 PM
G - Color code is changed to green after a loss today with average volume led to a close below its 50 DMA line ($131.94). Since recently featured it has not produced a volume-driven gain above the pivot point to trigger a proper technical buy signal. It was highlighted in yellow with pivot point cited based on its 10/15/24 high plus 10 cents.
>>> FEATURED STOCK ARTICLE : Tradeweb Markets Perched Near High - 11/19/2024 |
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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 |
ATAT
-
NASDAQ
Atour Lifestyle Hldgs ADR
Leisure-Lodging
|
$27.02
|
+0.13
0.48% |
$27.38
|
747,986
58.62% of 50 DAV
50 DAV is 1,276,000
|
$29.90
-9.63%
|
12/9/2024
|
$29.34
|
PP = $29.25
|
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MB = $30.71
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Most Recent Note - 12/31/2024 4:15:54 PM
Y - Pulled back after challenging the prior high, finding support near its 50 DMA line ($26.71). More damaging losses below the prior low ($25.68 on 12/30/24) would raise serious concerns.
>>> FEATURED STOCK ARTICLE : Volume Above Average Behind Breakout Gain - 12/9/2024 |
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C
A
S
I |
CRAI
-
NASDAQ
CRA International
Comml Svcs-Consulting
|
$183.16
|
-4.05
-2.16% |
$189.18
|
25,179
71.94% of 50 DAV
50 DAV is 35,000
|
$210.70
-13.07%
|
12/17/2024
|
$208.34
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PP = $208.48
|
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MB = $218.90
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Most Recent Note - 12/31/2024 4:22:19 PM
G - Color code is changed to green while lingering below its 50 DMA line. A rebound above the 50 DMA line ($191.66) is needed for its outlook to improve. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain for New High Triggered Technical Buy Signal - 12/17/2024 |
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C
A
S
I |
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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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