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AFTER MARKET UPDATE - MONDAY, FEBRUARY 26TH, 2024
Previous After Market Report Next After Market Report >>>
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DOW |
-62.30 |
39,069.23 |
-0.16% |
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Volume |
889,851,314 |
+4% |
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Volume |
5,443,431,900 |
+6% |
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NASDAQ |
-20.57 |
15,976.25 |
-0.13% |
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Advancers |
1,111 |
40% |
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Advancers |
2,331 |
55% |
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S&P 500 |
-19.27 |
5,069.53 |
-0.38% |
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Decliners |
1,670 |
60% |
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Decliners |
1,941 |
45% |
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Russell 2000 |
+12.28 |
2,028.97 |
+0.61% |
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52 Wk Highs |
180 |
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52 Wk Highs |
221 |
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S&P 600 |
+0.26 |
1,295.74 |
+0.02% |
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52 Wk Lows |
38 |
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52 Wk Lows |
93 |
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Small Caps Outperformed as Major Indices Pulled Back
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major indices ended Monday's session with declines ranging from -0.1% to -0.4%. Meanwhile, the Russell 2000 outperformed, gaining +0.7%. Volume was reported higher than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by a narrown margin on the Nasdaq exchange while decliners led advancers by more than a 4-3 margin on the NYSE. There were 120 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 132 on the prior session. New 52-week highs totals solidly outnumbered new 52-week lows totals on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria). New buying efforts should be only made in stocks fitting all key criteria of the fact-based investment system.
PICTURED: The S&P 500 Index pulled back after 3 straight gains for new all-time highs.
The latest $63 billion 2-yr note auction and the $64 billion 5-yr note sale were both met with underwhelming demand. The 2-yr note yield settled one basis point higher at 4.73% and the 10-yr note yield rose four basis points to 4.30%.
Three of the 11 S&P 500 sectors closed higher. The energy sector (+0.3%) saw the largest gain, benefitting from a jump in oil prices ($77.56/bbl, +1.04, +1.4%) and natural gas futures ($1.74/mmbtu, +0.04, +2.4%). The heavily-weighted consumer discretionary sector (+0.2%) was the next best performer thanks to Domino's Pizza (DPZ +5.85%) after it reported earnings, and also a gain from Tesla (TSLA +3.87%). The information technology sector settled fractionally higher despite declines in Apple (AAPL -0.75%) and Microsoft (MSFT -0.68%). NVIDIA (NVDA +0.35%) and other semiconductor stocks led the sector higher. Meanwhile, the utilities (-2.1%) and communication services (-2.1%) sectors fell more than -.0% each.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Tech, Broker/Dealer, and Integrated Oil Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +0.35%) edged higher while the Retail Index ($RLX -0.12%) inched lower and the Bank Index ($BKX -0.88%) lost ground on Monday. The tech sector had a positive bias as the Semiconductor Index ($SOX +1.05%), Networking Index ($NWX +1.21%), and the Biotech Index ($BTK +0.80%) each posted gains. The Gold & Silver Index ($XAU -1.43%) lost ground and the Oil Services Index ($OSX -0.33%) edged lower while the Integrated Oil Index ($XOI +0.66%) posted a small gain.
![]() PICTURED: The Gold & Silver Index ($XAU -1.43%) ended lower, slumping toward its prior lows.
| Oil Services |
$OSX |
80.40 |
-0.26 |
-0.33% |
-4.15% |
| Integrated Oil |
$XOI |
1,948.08 |
+12.79 |
+0.66% |
+4.60% |
| Semiconductor |
$SOX |
4,663.47 |
+48.43 |
+1.05% |
+11.69% |
| Networking |
$NWX |
820.39 |
+9.83 |
+1.21% |
-1.49% |
| Broker/Dealer |
$XBD |
567.27 |
+1.96 |
+0.35% |
+1.79% |
| Retail |
$RLX |
4,339.73 |
-5.38 |
-0.12% |
+11.60% |
| Gold & Silver |
$XAU |
105.19 |
-1.53 |
-1.43% |
-16.31% |
| Bank |
$BKX |
95.03 |
-0.84 |
-0.88% |
-1.03% |
| Biotech |
$BTK |
5,225.39 |
+41.45 |
+0.80% |
-3.57% |
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Extended From Any Sound Base After 7 Weekly Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Paccar (PCAR +$1.47 or +1.33% to $112.25) hit another new all-time high with today's 4th consecutive gain backed by below-average volume, getting more extended from any sound base. Bullish action has continued after it reported Dec '23 quarterly earnings +53% on +11% sales revenues versus the year-ago period, its 9th quarterly comparison with better than the +25% minimum earnings guideline (C criteria). There was a downturn in FY' 20 annual earnings (A criteria) like many companies during the pandemic. PCAR has a 95 Earnings Per Share rating.
PCAR was highlighted in yellow in the 1/23/24 mid-day report (read here). Its gain backed by +153% above average volume for a new 52-week high cleared the pivot point based on its 12/13/23 high plus 10 cents triggering a technical buy signal. It was shown in detail that evening with an annotated graph under the headline, "Volume-Driven Breakout for Paccar".
The number of top-rated funds owning its shares rose from 2,052 in Mar '23 to 2,169 in Dec '23, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness rating of A and an Accumulation/Distribution rating of B+. |
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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 |
ANET
-
NYSE
Arista Networks
Computer-Networking
|
$273.74
|
+6.08
2.27% |
$277.22
|
2,272,500
103.91% of 50 DAV
50 DAV is 2,187,000
|
$292.66
-6.46%
|
10/31/2023
|
$188.84
|
PP = $198.80
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MB = $208.74
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Most Recent Note - 2/22/2024 5:56:51 PM
G - Posted a solid volume-driven gain today. Extended from any sound base. Its 50 DMA line ($252) defines important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pulled Back From All Time High With Gap Down on Prior Session - 2/1/2024 |
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C
A
S
I |
NVO
-
NYSE
Novo Nordisk ADR
Medical-Ethical Drugs
|
$123.47
|
+0.02
0.02% |
$124.17
|
4,095,785
89.25% of 50 DAV
50 DAV is 4,589,000
|
$124.87
-1.12%
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11/2/2023
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$100.97
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PP = $104.10
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MB = $109.31
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Most Recent Note - 2/23/2024 5:18:48 PM
G - Perched at its all-time high, extended from any sound base. Its 50 DMA line ($109.58) defines important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After Volume-Driven Gains - 2/8/2024 |
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C
A
S
I |
AXON
-
NASDAQ
Axon Enterprise
Security/Sfty
|
$271.59
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+0.96
0.35% |
$274.27
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319,255
86.52% of 50 DAV
50 DAV is 369,000
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$274.78
-1.16%
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11/8/2023
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$127.84
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PP = $223.30
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MB = $234.47
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Most Recent Note - 2/20/2024 7:06:12 PM
G - Hovering near its all-time high. Prior highs in the $260-262 area define initial support to watch above its 50-day moving average (DMA) line ($254.91).
>>> FEATURED STOCK ARTICLE : Reversal at All-Time High After 7 Consecutive Gains - 2/12/2024 |
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C
A
S
I |
TDG
-
NYSE
TransDigm Group
Aerospace/Defense
|
$1,187.40
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-12.49
-1.04% |
$1,206.85
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168,115
77.83% of 50 DAV
50 DAV is 216,000
|
$1,207.58
-1.67%
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12/12/2023
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$1,000.39
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PP = $1,013.18
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MB = $1,063.84
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Most Recent Note - 2/21/2024 4:44:38 PM
G - Inched higher with below-average volume for a best-ever close today. Its 50 DMA line ($1,053) defines near-term support to watch above prior highs in the $1,013-1,015 area.
>>> FEATURED STOCK ARTICLE : Transdigm Perched Near All-Time High - 2/14/2024 |
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C
A
S
I |
TBBK
-
NASDAQ
The Bancorp
Banks-Northeast
|
$44.55
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+0.69
1.57% |
$44.72
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349,404
77.99% of 50 DAV
50 DAV is 448,000
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$47.11
-5.43%
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1/22/2024
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$40.87
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PP = $42.56
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MB = $44.69
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Most Recent Note - 2/23/2024 5:20:20 PM
Y - Volume totals have been cooling while consolidating well above prior highs in the $42 area and above its 50 DMA line which define near-term support to watch. It remains below the "max buy" level following the recent breakout. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Volume-Driven Breakout Triggered Buy Signal After Earnings Report - 1/26/2024 |
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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 |
LULU
-
NASDAQ
lululemon athletica
Retail-Apparel/Shoes/Acc
|
$468.25
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+10.36
2.26% |
$472.96
|
1,441,512
114.31% of 50 DAV
50 DAV is 1,261,000
|
$516.39
-9.32%
|
12/8/2023
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$490.61
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PP = $485.93
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MB = $510.23
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Most Recent Note - 2/22/2024 6:03:00 PM
G - Posted a gain today with below-average volume. Still lingering below its 50 DMA line ($481) which is now downward sloping and may act as resistance. A rebound above the 50 DMA line is needed to help its outlook improve.
>>> FEATURED STOCK ARTICLE : Violation of 50-Day Moving Average Hurt Outlook - 2/2/2024 |
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C
A
S
I |
CRWD
-
NASDAQ
CrowdStrike Holdings
Computer Sftwr-Security
|
$320.86
|
+9.37
3.01% |
$323.31
|
3,692,756
114.19% of 50 DAV
50 DAV is 3,234,000
|
$338.45
-5.20%
|
1/2/2024
|
$246.42
|
PP = $261.91
|
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MB = $275.01
|
Most Recent Note - 2/26/2024 5:08:30 PM
G - Posted a 3rd consecutive volume-driven gain today. Showing strength after testing support near its 50 DMA line ($286.85). Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Volume Totals Cooking While Stubbornly Perched at All-Time High - 2/6/2024 |
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C
A
S
I |
ELF
-
NYSE
e.l.f. Beauty
Cosmetics/Personal Care
|
$199.61
|
+13.67
7.35% |
$200.49
|
1,597,965
107.46% of 50 DAV
50 DAV is 1,487,000
|
$186.96
6.77%
|
1/2/2024
|
$138.23
|
PP = $153.63
|
|
MB = $161.31
|
Most Recent Note - 2/26/2024 5:09:29 PM
G - Posted a 4th consecutive gain today for yet another new all-time high. Reported Dec '23 quarterly earnings +54% on +85% sales revenues versus the year-ago period, continuing its strong earnings track record. Its 50 DMA line ($158) defines important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Peched at All-Time High With Earnings News Due - 2/5/2024 |
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C
A
S
I |
KOF
-
NYSE
Coca Cola Femsa Sab Ads
FOOD and BEVERAGE - Beverages - Soft Drinks
|
$98.66
|
-0.18
-0.18% |
$98.97
|
260,690
163.34% of 50 DAV
50 DAV is 159,600
|
$104.38
-5.48%
|
1/12/2024
|
$93.38
|
PP = $99.34
|
|
MB = $104.31
|
Most Recent Note - 2/23/2024 5:22:14 PM
Y - Sputtering after a noted "negative reversal" at its all-time high. Reported Dec '23 quarterly earnings -13% on +24% sales revenues versus the year-ago period. Volume and volatility often increase near earnings news. Its 50 DMA line ($94.83) defines important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Perched at High With Earnings News Due - 2/21/2024 |
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C
A
S
I |
PCAR
-
NASDAQ
Paccar
Trucks and Parts-Hvy Duty
|
$112.25
|
+1.47
1.33% |
$112.68
|
1,671,818
74.14% of 50 DAV
50 DAV is 2,255,000
|
$111.02
1.11%
|
1/23/2024
|
$100.35
|
PP = $98.57
|
|
MB = $103.50
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Most Recent Note - 2/26/2024 5:06:25 PM
G - Hit another new all-time high with today's 4th consecutive gain backed by below-average volume, getting more extended from any sound base. Its 50 DMA line ($100) defines near-term support to watch on pullbacks. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After 7 Weekly Gains - 2/26/2024 |
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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 |
HUBB
-
NYSE
Hubbell
Electrical-Power/Equipmt
|
$369.58
|
+3.79
1.04% |
$371.50
|
391,799
98.94% of 50 DAV
50 DAV is 396,000
|
$368.51
0.29%
|
1/30/2024
|
$343.26
|
PP = $336.83
|
|
MB = $353.67
|
Most Recent Note - 2/22/2024 6:01:17 PM
G - Posted a volume-driven gain today for a new all-time high, extended from the previously noted base. Prior high ($340) defines initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Volume Heavy Behind Breakout Gain for Hubbell - 1/30/2024 |
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C
A
S
I |
MANH
-
NASDAQ
Manhattan Associates
Computer Sftwr-Enterprse
|
$250.09
|
+1.19
0.48% |
$252.49
|
255,710
64.25% of 50 DAV
50 DAV is 398,000
|
$258.91
-3.41%
|
1/31/2024
|
$240.57
|
PP = $230.71
|
|
MB = $242.25
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Most Recent Note - 2/20/2024 7:07:52 PM
G - Pulling back from its all-time high with light volume behind today's 3rd consecutive loss. Prior highs in the $230 area define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Big Volume Behind Breakout Gain - 1/31/2024 |
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C
A
S
I |
TENB
-
NASDAQ
Tenable Holdings
FOOD and BEVERAGE - Beverages - Soft Drinks
|
$47.30
|
-0.28
-0.59% |
$48.09
|
954,247
91.90% of 50 DAV
50 DAV is 1,038,300
|
$53.50
-11.59%
|
2/7/2024
|
$49.50
|
PP = $49.87
|
|
MB = $52.36
|
Most Recent Note - 2/21/2024 12:52:23 PM
G - Gapped down today and violated its 50 DMA line with a volume-driven loss triggering a technical sell signal and its color code is changed to green. A prompt rebound above the 50 DMA line ($46.67) is needed for its outlook to improve. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Gap Up Gain Followed Latest Earnings Report - 2/7/2024 |
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C
A
S
I |
USLM
-
NASDAQ
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag
|
$253.64
|
-1.21
-0.47% |
$255.72
|
8,707
48.37% of 50 DAV
50 DAV is 18,000
|
$266.88
-4.96%
|
2/9/2024
|
$254.68
|
PP = $265.09
|
|
MB = $278.34
|
Most Recent Note - 2/20/2024 7:04:04 PM
Y - Retreating from its all-time high with today's loss on average volume. Finished strong and managed a best-ever close after highlighted in yellow in the 2/09/24 mid-day report with pivot point cited based on its 1/24/24 high plus 10 cents. Subsequent gains and a close above the pivot point backed by at least +40% above average volume may trigger a conviciing new technical buy signal. Through Dec '23 its quarterly and annual earnings (C and A criteria) history has been strong, a good match with the fact-based investment system's guidelines. Thinly traded firm has only 5.7 million shares outstanding (S criteria), which can contribute to greater price volatility in the event of institutional buying or selling.
>>> FEATURED STOCK ARTICLE : Strong Finish for Thinly Traded U.S Lime & Minerals - 2/9/2024 |
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C
A
S
I |
NOW
-
NYSE
ServiceNow
Computer Sftwr-Enterprse
|
$779.66
|
+8.69
1.13% |
$790.59
|
1,072,555
89.60% of 50 DAV
50 DAV is 1,197,000
|
$815.32
-4.37%
|
2/22/2024
|
$771.75
|
PP = $815.32
|
|
MB = $856.09
|
Most Recent Note - 2/23/2024 5:17:22 PM
Y - Color code was changed to yellow as it was noted that a valid secondary buy point exists up to +5% above the latest high after finding support at its 10 WMA line following an earlier breakout. Reported Dec '23 quarterly earnings +36% on +26% sales revenues versus the year-ago period, its 6th quarterly comparison above the +25% minimum guideline (C criteria) of the fact-based investment system. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Found Support With a Solid Gap Up from 10-Week Moving Average - 2/23/2024 |
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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 |
SNPS
-
NASDAQ
Synopsys
Computer Sftwr-Design
|
$575.70
|
+0.05
0.01% |
$581.49
|
1,021,415
69.48% of 50 DAV
50 DAV is 1,470,000
|
$629.38
-8.53%
|
2/22/2024
|
$600.65
|
PP = $582.85
|
|
MB = $611.99
|
Most Recent Note - 2/22/2024 5:55:08 PM
Y - Gapped up and hit a new all-time high today but encountered distributional pressure and ended near the session low, closing below the pivot point cited based on its 2/09/24 high after a cup-with-handle base. A strong close above the pivot point is needed to clinch a proper technical buy signal. Found support recently at its 50 DMA line ($536). Reported Jan '24 quarterly earnings +36% on +21% sales revenues versus the year-ago period, its 3rd strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings growth (A criteria) has been strong and steady. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Gapped Up for New High But Ended Near Session Low - 2/22/2024 |
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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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You may opt-out of receiving report notifications
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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
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