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AFTER MARKET UPDATE - FRIDAY, JANUARY 10TH, 2025
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DOW |
-696.75 |
41,938.45 |
-1.63% |
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Volume |
1,066,493,512 |
+6% |
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Volume |
8,651,908,400 |
-4% |
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NASDAQ |
-317.25 |
19,161.63 |
-1.63% |
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Advancers |
528 |
19% |
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Advancers |
1,052 |
24% |
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S&P 500 |
-91.21 |
5,827.04 |
-1.54% |
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Decliners |
2,192 |
81% |
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Decliners |
3,349 |
76% |
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Russell 2000 |
-49.73 |
2,189.23 |
-2.22% |
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52 Wk Highs |
28 |
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52 Wk Highs |
64 |
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S&P 600 |
-28.93 |
1,381.94 |
-2.05% |
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52 Wk Lows |
229 |
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52 Wk Lows |
287 |
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Breadth Negative as Major Indices Slumped
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 fell -1.5% and the Nasdaq Composite declined by -1.6%. The Dow Jones Industrial Average fell nearly 700 points, or -1.6% as well. The volume totals reported were mixed, higher than the prior session total on the NYSE and lighter on the Nasdaq exchange. Decliners led advancers by a 4-1 margin at the NYSE and by more than a 3-1 margin at the Nasdaq exchange. Leadership thinned as there were 6 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus 9 on the prior session. New 52-week lows totals expanded and outnumbered shrinking new highs totals on the NYSE and 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 S&P 600 Small cap Index has slumped to its 200-day moving average (DMA) line.
The equity indices fell after a surge in market rates following the release of the Employment Situation report for December. It showed nonfarm payrolls exceeding expectations with an increase of 256,000, while the unemployment rate edged lower to 4.1% from 4.2%, and the year-over-year growth in average hourly earnings was a solid 3.9%. The 10-year Treasury yield rose to 4.78%, up nine basis points. The 2-year yield rose to 4.40%, an increase of 13 basis points.
Ten of the 11 S&P 500 sectors ended in the red. Energy stocks were a bright spot, leading the S&P 500 energy sector to close +0.3% higher, driven by commodity prices. WTI crude oil futures rose 3.6% to $76.63/bbl and natural gas futures jumped 4.6% to $3.40/mmbtu. Delta Air Lines (DAL +9.0%) rose following stronger-than-expected earnings results. Walgreens Boots Alliance (WBA +27.6%) surged after beating earnings estimates.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financials and Semiconductor Index Led Decliners
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -2.86%) and the Bank Index ($BKX -2.70%) both suffered big losses and the Retail Index ($RLX -1.07%) also fell on Friday. The tech sector had a negative bias as the Semiconductor Index ($SOX -2.42%) outpaced the Networking Index ($NWX -1.19%) to the downside and the Biotech Index ($BTK -0.24%) posted a smaller loss. The Gold & Silver Index ($XAU -0.07%) finished flat while the Oil Services Index ($OSX -0.21%) edged lower.
PICTURED: The Integrated Oil Index ($XOI +0.92%) posted a standout gain, rebounding to its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
73.63 |
-0.16 |
-0.21% |
+1.41% |
| Integrated Oil |
$XOI |
1,843.00 |
+16.87 |
+0.92% |
+4.51% |
| Semiconductor |
$SOX |
5,037.47 |
-124.88 |
-2.42% |
+1.16% |
| Networking |
$NWX |
1,244.83 |
-14.99 |
-1.19% |
-0.30% |
| Broker/Dealer |
$XBD |
798.82 |
-23.54 |
-2.86% |
-0.81% |
| Retail Index |
$RLX |
5,141.63 |
-55.78 |
-1.07% |
-0.63% |
| Gold & Silver |
$XAU |
145.32 |
-0.10 |
-0.07% |
+5.93% |
| Bank |
$BKX |
125.95 |
-3.50 |
-2.70% |
-1.19% |
| Biotech |
$BTK |
5,916.34 |
-14.45 |
-0.24% |
+2.97% |
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Encountered Distributional Pressure Amid Broader Weakness
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Stride (LRN +$2.11 or +1.94% to $111.13) was highlighted in yellow in the earlier mid-day report with pivot point cited based on its 12/04/24 high. It hit a new all-time high but encountered distributional pressure and ended in the lower third of its intra-day range. Recently it consolidated in an orderly fashion above its 50-day moving average (DMA) line ($104). Subsequent gains and a strong close above the pivot point backed by at least +40% above average volume may clinch a technical buy signal.
LRN reported Sep '24 quarterly earnings +755% on +15% sales revenues versus the year ago period. Three of the 4 latest quarterly comparisons were well above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong after a downturn in FY '20. It has an Earnings Per Share Rating of 99, the highest possible.
The number of top-rated funds owning its shares rose from 603 in Mar '24 to 671 in Dec '24, a reassuring sign concerning the i criteria. |
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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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$88.39
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+0.02
0.02% |
$88.44
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359,366
56.95% of 50 DAV
50 DAV is 631,000
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$105.20
-15.98%
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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 - 1/8/2025 5:04:36 PM
G - Still sputtering below its 50 DMA line ($93.27), and a rebound above that short-term average is needed for its outlook to improve. Sputtering 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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$182.05
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+0.78
0.43% |
$182.43
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873,251
124.57% of 50 DAV
50 DAV is 701,000
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$206.04
-11.64%
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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 - 1/8/2025 5:14:53 PM
G - Managed a "positive reversal" today after slumping near its 200 DMA line ($173). Lingering below its 50 DMA line ($191) in recent weeks and a rebound above the 50 DMA line is still 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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$115.05
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+3.39
3.04% |
$115.16
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2,299,173
97.51% of 50 DAV
50 DAV is 2,358,000
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$120.71
-4.69%
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1/8/2025
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$115.05
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PP = $120.81
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MB = $126.85
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Most Recent Note - 1/8/2025 5:09:17 PM
Y - Posted a big gain today with average volume rising further above its 50 DMA line ($112.27). Color code is changed to yellow with new pivot point cited based on its 12/06/24 high plus 10 cents after a short flat base. Subsequent volume-driven gains above the pivot point may trigger a new (or add-on) technical buy signal. Found support recently above the prior high ($106.93 on 10/21/24). 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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$39.95
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+0.40
1.01% |
$40.22
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91,792
81.23% of 50 DAV
50 DAV is 113,000
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$47.57
-16.02%
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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 |
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C
A
S
I |
CLS
-
NYSE
Celestica
Elec-Contract Mfg
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$102.47
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+4.20
4.27% |
$103.46
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2,340,001
107.73% of 50 DAV
50 DAV is 2,172,000
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$101.72
0.74%
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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 - 1/8/2025 5:02:35 PM
G - Volume was +12% above average today as it hit a new all-time high, rising from a short consolidation. Its 50 DMA line ($87.84) 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 |
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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$31.65
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-0.21
-0.66% |
$32.22
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409,014
83.99% of 50 DAV
50 DAV is 487,000
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$38.94
-18.72%
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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 - 1/8/2025 5:46:28 PM
G - Color code was changed to green after slumping below its 50 DMA line ($32.57) with losses backed by above average volume. A prompt rebound above the 50 DMA line is needed for its outlook to improve. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Losses Below 50-Day Moving Average Hurt Outlook - 1/8/2025 |
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C
A
S
I |
RMD
-
NYSE
ResMed
Medical-Products
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$236.17
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-0.23
-0.10% |
$237.20
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874,288
98.23% of 50 DAV
50 DAV is 890,000
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$260.49
-9.34%
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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 - 1/8/2025 5:12:37 PM
G - Met resistance at its 50 DMA line today after rebounding with 3 gains marked by light volume. A rebound above its 50 DMA line ($240.67) is needed for its outlook to improve. Its Relative Strength Rating is 82, above 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
|
$94.41
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+0.87
0.93% |
$94.59
|
307,227
72.12% of 50 DAV
50 DAV is 426,000
|
$97.37
-3.04%
|
12/31/2024
|
$91.50
|
PP = $93.03
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MB = $97.68
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Most Recent Note - 1/8/2025 4:59:36 PM
Y - Hovering near its high since a new pivot point was cited based on its 11/06/24 high plus 10 cents. Still consolidating in an orderly fashion above its 50 DMA line ($88.60) 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
|
$134.06
|
+1.47
1.11% |
$134.87
|
727,857
85.63% of 50 DAV
50 DAV is 850,000
|
$141.69
-5.38%
|
11/19/2024
|
$134.41
|
PP = $136.23
|
|
MB = $143.04
|
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
|
$25.83
|
+0.63
2.50% |
$26.03
|
1,119,188
87.92% of 50 DAV
50 DAV is 1,273,000
|
$29.90
-13.61%
|
12/9/2024
|
$29.34
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PP = $29.25
|
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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
|
$184.05
|
+2.83
1.56% |
$184.97
|
32,131
91.80% of 50 DAV
50 DAV is 35,000
|
$210.70
-12.65%
|
12/17/2024
|
$208.34
|
PP = $208.48
|
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MB = $218.90
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Most Recent Note - 1/8/2025 5:03:17 PM
G - Still lingering below its 50 DMA line. A rebound above the 50 DMA line ($191.05) 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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