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AFTER MARKET UPDATE - FRIDAY, MAY 17TH, 2024
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DOW |
+134.21 |
40,003.59 |
+0.34% |
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Volume |
925,059,586 |
-2% |
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Volume |
9,626,431,900 |
-23% |
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NASDAQ |
-11.82 |
16,686.50 |
-0.07% |
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Advancers |
1,461 |
53% |
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Advancers |
2,029 |
48% |
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S&P 500 |
+6.17 |
5,303.27 |
+0.12% |
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Decliners |
1,271 |
47% |
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Decliners |
2,175 |
52% |
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Russell 2000 |
-0.53 |
2,095.72 |
-0.03% |
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52 Wk Highs |
179 |
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52 Wk Highs |
152 |
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S&P 600 |
-2.11 |
1,338.69 |
-0.16% |
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52 Wk Lows |
25 |
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52 Wk Lows |
68 |
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Major Indices Ended Mixed With Lighter Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow Jones Industrial Average closed above 40,000 for the first time, gaining +0.3% Friday. The S&P 500 (+0.1%) also closed with a gain and the Nasdaq Composite (-0.1%) settled slightly lower. Volume reported was lighter than the prior session total on the NYSE and on the Nasdaq exchange. Advancers led decliners by a narrow margin on the NYSE while decliners edged out advancers on the Nasdaq exchange. There were 59 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page versus 89 on the prior session. New 52-week highs totals contracted but still solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria).
PICTURED: The Nasdaq Composite Index paused and churned heavier volume after hitting a new all-time highs with volume-driven gains.
The S&P 500 sectors reflected mixed action as energy closed +1.4% higher, but none of the sectors moved more than 0.9% in either direction. The consumer discretionary sector was helped by a move higher in shares of Tesla (TSLA +1.50%) on news that it plans to cut 600 positions in California. Amazon.com (AMZN +0.6%) also closed higher.
The 10-yr note yield settled four basis points higher at 4.42%. The 2-ry note yield rose three basis points to 4.82%. |
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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Financial, Retail, Networking, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +1.01%), Bank Index ($BKX +0.38%) and the Retail Index ($RLX +0.48%) posted unanimous gains on Friday. The Semiconductor Index ($SOX -0.69%) and the Biotech Index ($BTK -0.33%) both edged lower, meanwhile the Networking Index ($NWX +0.96%) posted its 12th gain in the span of 13 sessions. Commodity-linked groups had a positive bias led by the Gold & Silver Index ($XAU +3.76%) while the Integrated Oil Index ($XOI +1.64%) and the Oil Services ($OSX +0.68%) both posted smaller gains.
![]() PICTURED: The Oil Services ($OSX +0.68%) has been consolidating near its 200-day moving average (DMA) line but below its 50 DMA line.
| Oil Services |
$OSX |
88.08 |
+0.59 |
+0.68% |
+5.00% |
| Integrated Oil |
$XOI |
2,122.28 |
+34.27 |
+1.64% |
+13.95% |
| Semiconductor |
$SOX |
4,983.02 |
-34.52 |
-0.69% |
+19.34% |
| Networking |
$NWX |
813.04 |
+7.75 |
+0.96% |
-2.37% |
| Broker/Dealer |
$XBD |
638.09 |
+6.39 |
+1.01% |
+14.50% |
| Retail |
$RLX |
4,468.32 |
+1.90 |
+0.04% |
+14.90% |
| Gold & Silver |
$XAU |
149.23 |
+5.41 |
+3.76% |
+18.72% |
| Bank |
$BKX |
107.36 |
+0.40 |
+0.38% |
+11.81% |
| Biotech |
$BTK |
5,245.64 |
-17.40 |
-0.33% |
-3.20% |
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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 |
TDG
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NYSE
TransDigm Group
Aerospace/Defense
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$1,291.95
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+5.63
0.44% |
$1,298.85
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208,028
103.50% of 50 DAV
50 DAV is 201,000
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$1,330.82
-2.92%
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4/12/2024
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$1,224.21
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PP = $1,246.32
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MB = $1,308.64
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Most Recent Note - 5/16/2024 11:07:15 PM
G - It is extended from any sound base and its 50 DMA line ($1,233) defines near-term support to watch on pullbacks. Reported Mar '24 quarterly earnings +34% on +21% sales revenues versus the year-ago period.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average Line and Hit New High - 4/30/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
USLM
-
NASDAQ
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag
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$364.82
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-2.61
-0.71% |
$369.98
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20,566
76.17% of 50 DAV
50 DAV is 27,000
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$378.78
-3.69%
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2/9/2024
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$254.68
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PP = $265.09
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MB = $278.34
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Most Recent Note - 5/16/2024 11:01:10 PM
G - Pulled back today with lighter volume. Stubbornly holding its ground following noted volume-driven gains into new all-time high territory. Its 50 DMA line ($312) defines important near-term support to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Stubbornly Held Ground and Posted Quiet Gain for Best-Ever Close - 5/14/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
CLS
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NYSE
Celestica
Elec-Contract Mfg
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$51.58
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-0.84
-1.60% |
$52.80
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1,161,141
50.16% of 50 DAV
50 DAV is 2,315,000
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$53.01
-2.70%
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5/15/2024
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$51.52
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PP = $51.22
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MB = $53.78
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Most Recent Note - 5/16/2024 11:06:30 PM
Y - Hit another new all-time high with above average volume behind today's 3rd consecutive gain. Finished strong after highlighted in yellow in the 5/15/24 mid-day report with pivot point cited based on its 4/04/24 high plus 10 cents after a 6-week flat base. On pullbacks prior highs in the $51 area define initial support to watch above its 50 DMA line. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Strong Breakout After 6-Week Flat Base - 5/15/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
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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