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AFTER MARKET UPDATE - TUESDAY, JANUARY 7TH, 2025
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DOW |
-178.20 |
42,528.36 |
-0.42% |
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Volume |
1,014,682,378 |
-4% |
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Volume |
13,738,983,200 |
+38% |
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NASDAQ |
-375.30 |
19,489.68 |
-1.89% |
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Advancers |
907 |
33% |
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Advancers |
1,426 |
33% |
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S&P 500 |
-66.35 |
5,909.03 |
-1.11% |
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Decliners |
1,812 |
67% |
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Decliners |
2,943 |
67% |
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Russell 2000 |
-16.84 |
2,249.80 |
-0.74% |
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52 Wk Highs |
45 |
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52 Wk Highs |
94 |
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S&P 600 |
-9.25 |
1,411.16 |
-0.65% |
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52 Wk Lows |
63 |
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52 Wk Lows |
82 |
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Major Indices Fell With Leadership Waning
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 closed 1.1% lower and the Nasdaq Composite dropped 1.9%. The volume totals were mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Decliners led advancers by a 2-1 margin at the NYSE and at the Nasdaq exchange. There were 12 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the 25 on the prior session. New 52-week lows outnumbered new highs on the NYSE while new 52-week highs outnumbered new lows on the Nasdaq exchange. 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 is lingering below its 50-day moving average (DMA) line.
Stocks reacted to a stronger-than-expected ISM Services PMI reading for December and a November JOLTS - Job Openings Report that showed a noticeable increase in job openings. There was a notable pickup in the Prices Index (to 64.4% from 58.2%), which topped the 60.0% level for the first time since January 2024. The 10-yr yield settled at 4.68%, seven basis points higher.
As the S&P 500 slid below its 50-day moving average (5,950) selling increased. Tesla (TSLA -4.1%) fell after an analyst downgrade. NVIDIA (NVDA -6.2%) had a negative reversal after trading up as much as 2.5%. Amazon.com (AMZN -2.4%) also created a drag which weighed on the consumer discretionary sector (-2.2%). The only S&P 500 sectors that closed higher were energy (+1.1%) and health care (+0.6%).
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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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Retail and Semiconductor Indexes Led Decliners
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX -1.99%) and Broker/Dealer Index ($XBD -1.16%) both suffered larger losses and the Bank Index ($BKX -0.18%) suffered a smaller loss. The tech sector had a negative bias as the Semiconductor Index ($SOX -1.84%) outpaced the Networking Index ($NWX -1.14%) to the downside and the Biotech Index ($BTK +0.73%) posted a small gain. Commodity-linked groups had a positive bias as the Gold & Silver Index ($XAU +1.32%), Oil Services Index ($OSX +1.05%) and the Integrated Oil Index ($XOI +1.46%) each posted gains.
PICTURED: The Retail Index ($RLX -1.99%) is consolidating above its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
75.35 |
+0.78 |
+1.05% |
+3.79% |
| Integrated Oil |
$XOI |
1,826.68 |
+26.22 |
+1.46% |
+3.58% |
| Semiconductor |
$SOX |
5,212.24 |
-97.90 |
-1.84% |
+4.66% |
| Networking |
$NWX |
1,261.25 |
-14.61 |
-1.14% |
+1.02% |
| Broker/Dealer |
$XBD |
817.96 |
-9.60 |
-1.16% |
+1.56% |
| Retail Index |
$RLX |
5,180.44 |
-105.06 |
-1.99% |
+0.12% |
| Gold & Silver |
$XAU |
141.94 |
+1.85 |
+1.32% |
+3.47% |
| Bank |
$BKX |
129.61 |
-0.23 |
-0.18% |
+1.68% |
| Biotech |
$BTK |
5,888.56 |
+42.91 |
+0.73% |
+2.49% |
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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 |
GVA
-
NYSE
Granite Construction
Bldg-Heavy Construction
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$88.37
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-1.53
-1.70% |
$90.99
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474,219
74.56% of 50 DAV
50 DAV is 636,000
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$105.20
-16.00%
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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 |
View all notes |
Set NEW NOTE alert |
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News |
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C
A
S
I |
TXRH
-
NASDAQ
Texas Roadhouse
Retail-Restaurants
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$181.27
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+0.30
0.17% |
$181.50
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972,046
136.52% of 50 DAV
50 DAV is 712,000
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$206.04
-12.02%
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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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News |
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C
A
S
I |
HWM
-
NYSE
Howmet Aerospace
Aerospace/Defense
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$111.66
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-0.81
-0.72% |
$112.88
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2,573,322
109.69% of 50 DAV
50 DAV is 2,346,000
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$120.71
-7.50%
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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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$39.55
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-1.68
-4.07% |
$41.49
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102,409
91.44% of 50 DAV
50 DAV is 112,000
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$47.57
-16.86%
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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 - 1/7/2025 6:12:16 PM
G - Pulled back for a 2nd consecutive loss, consolidating above its 50 DMA line ($38). 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 |
View all notes |
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News |
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C
A
S
I |
CLS
-
NYSE
Celestica
Elec-Contract Mfg
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$98.27
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-0.49
-0.50% |
$101.72
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2,108,297
92.47% of 50 DAV
50 DAV is 2,280,000
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$101.09
-2.79%
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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 - 1/3/2025 2:44:09 PM
G - Volume totals have still been cooling while hovering near its all-time high, very extended from any sound base. Its 50 DMA line ($85.73) defines initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pulling Back After Considerable Rally - 11/13/2024 |
View all notes |
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News |
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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 |
PAY
-
NYSE
Paymentus Holdings
Finance-CrdtCard/PmtPr
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$31.86
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-1.13
-3.43% |
$33.05
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795,381
168.51% of 50 DAV
50 DAV is 472,000
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$38.94
-18.18%
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1/3/2025
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$34.21
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PP = $38.94
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MB = $40.89
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Most Recent Note - 1/7/2025 6:13:44 PM
G - Color code is changed to green after slumping below its 50 DMA line ($32.43) with today's loss backed by above average volume. A prompt rebound is needed for its outlook to improve
>>> 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
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$236.40
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+1.31
0.56% |
$239.74
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674,633
73.81% of 50 DAV
50 DAV is 914,000
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$260.49
-9.25%
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10/25/2024
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$256.64
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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 |
View all notes |
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News |
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C
A
S
I |
ATGE
-
NYSE
Adtalem Global Education
Consumer Svcs-Education
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$93.54
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-1.11
-1.17% |
$95.14
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505,619
119.53% of 50 DAV
50 DAV is 423,000
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$97.37
-3.93%
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12/31/2024
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$91.50
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PP = $93.03
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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 |
View all notes |
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News |
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C
A
S
I |
TW
-
NASDAQ
Tradeweb Markets
Financial Svcs-Specialty
|
$132.59
|
+0.53
0.40% |
$133.71
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1,051,044
125.27% of 50 DAV
50 DAV is 839,000
|
$141.69
-6.42%
|
11/19/2024
|
$134.41
|
PP = $136.23
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MB = $143.04
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Most Recent Note - 1/3/2025 2:46:05 PM
Y - Color code is changed to yellow after rebounding above its 50 DMA line ($131.91) with today's gain approaching prior highs. It must produce 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 |
ATAT
-
NASDAQ
Atour Lifestyle Hldgs ADR
Leisure-Lodging
|
$25.20
|
-0.33
-1.29% |
$25.39
|
1,385,621
110.14% of 50 DAV
50 DAV is 1,258,000
|
$29.90
-15.72%
|
12/9/2024
|
$29.34
|
PP = $29.25
|
|
MB = $30.71
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Most Recent Note - 1/6/2025 6:07:32 PM
G - Color code is changed to green after slumping well below its 50 DMA line ($26.69). Today's more damaging loss below the prior low ($25.68 on 12/30/24) raised serious concerns and triggered a technical sell signal.
>>> FEATURED STOCK ARTICLE : Volume Above Average Behind Breakout Gain - 12/9/2024 |
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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 |
CRAI
-
NASDAQ
CRA International
Comml Svcs-Consulting
|
$181.22
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-2.82
-1.53% |
$185.48
|
47,488
135.68% of 50 DAV
50 DAV is 35,000
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$210.70
-13.99%
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12/17/2024
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$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 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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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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