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AFTER MARKET UPDATE - TUESDAY, SEPTEMBER 17TH, 2024
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DOW |
-15.90 |
41,606.18 |
-0.04% |
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Volume |
818,126,625 |
+3% |
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Volume |
5,016,239,600 |
+7% |
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NASDAQ |
+35.93 |
17,628.06 |
+0.20% |
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Advancers |
1,683 |
61% |
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Advancers |
2,340 |
56% |
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S&P 500 |
+1.49 |
5,634.58 |
+0.03% |
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Decliners |
1,061 |
39% |
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Decliners |
1,823 |
44% |
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Russell 2000 |
+16.31 |
2,205.48 |
+0.75% |
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52 Wk Highs |
398 |
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52 Wk Highs |
301 |
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S&P 600 |
+10.75 |
1,400.20 |
+0.77% |
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52 Wk Lows |
8 |
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52 Wk Lows |
71 |
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Major Indices Ended Little Changed Ahead of Wednesday's Fed Decision
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 and Dow Jones Industrial Average both hit new all-time intraday highs but ended nearly unchanged at the close. The Russell 2000 climbed +0.7% on the session. Volume reported was higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 3-2 margin on the NYSE and by a 4-3 margin on the Nasdaq exchange. There were 94 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 103 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (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 500 Index intra-day hit a new all-time high.
Retail sales and industrial production were both reported stronger than expected in August. The S&P 500 energy (+1.4%), industrials (+0.5%), financial (+0.5%), and consumer discretionary (+0.6%) sectors showed strength. Meanwhile, the health care (-1.0%) and consumer staples (-0.9%) sectors were the worst performers. Microsoft (MSFT +0.9%) rose after news of a 10% increase to its quarterly dividend and a share buyback authorization up to $60 billion.
The 10-yr yield settled two basis points higher at 3.64% and the 2-yr yield settled three basis points higher at 3.59%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Energy and Financial Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +0.67%), Bank Index ($BKX +0.64%), and the Retail Index ($RLX +0.62%) each posted modest gains. The tech sector was indecisive as the Networking Index ($NWX -0.33%) and the Biotech Index ($BTK -0.18%) both edged lower and the Semiconductor Index ($SOX +0.03%) finished flat. Commodity-linked groups were mixed as the Gold & Silver Index ($XAU -0.74%) edged lower while the Oil Services Index ($OSX +3.19%) and the Integrated Oil Index ($XOI +1.49%) both notched solid gains.
PICTURED: The Broker/Dealer Index ($XBD +0.67%) posted a small gain and hit a new 2024 high.
| Oil Services |
$OSX |
78.00 |
+2.41 |
+3.19% |
-7.01% |
| Integrated Oil |
$XOI |
1,889.62 |
+27.74 |
+1.49% |
+1.46% |
| Semiconductor |
$SOX |
4,912.10 |
+1.66 |
+0.03% |
+17.64% |
| Networking |
$NWX |
1,090.64 |
-3.60 |
-0.33% |
+30.96% |
| Broker/Dealer |
$XBD |
684.50 |
+4.54 |
+0.67% |
+22.83% |
| Retail |
$RLX |
4,628.21 |
+28.62 |
+0.62% |
+19.01% |
| Gold & Silver |
$XAU |
158.48 |
-1.18 |
-0.74% |
+26.09% |
| Bank |
$BKX |
112.15 |
+0.72 |
+0.64% |
+16.80% |
| Biotech |
$BTK |
5,894.29 |
-10.56 |
-0.18% |
+8.77% |
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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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$87.51
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+2.53
2.98% |
$87.95
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41,807
56.50% of 50 DAV
50 DAV is 74,000
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$87.13
0.44%
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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 - 9/17/2024 5:14:29 PM
Y - Quietly hit a new all-time high with today's 10th consecutive gain backed by below-average volume. New pivot point is cited based on its 8/01/24 high plus 10 cents. A gain and close above the pivot point backed by at least +40% above average volume may trigger a proper new technical buy signal.
>>> FEATURED STOCK ARTICLE : US Lime & Minerals Lingers Below 50-Day Average - 9/6/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
Chart |
Request a new note
C
A
S
I |
GVA
-
NYSE
Granite Construction
Bldg-Heavy Construction
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$77.67
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+0.37
0.48% |
$78.62
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644,294
94.33% of 50 DAV
50 DAV is 683,000
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$77.78
-0.14%
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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 - 9/13/2024 2:50:57 PM
G - Volume is below average behind today's 5th consecutive gain as it is rising to a new all-time high. Its recent low ($70.54 on 9/06/24) and 50 DMA line ($69) define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Granite Contruction Closes at All-Time High - 8/30/2024 |
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Company Profile |
SEC
News |
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C
A
S
I |
MMYT
-
NASDAQ
MakeMyTrip
Leisure-Travel Booking
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$104.29
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+0.92
0.89% |
$105.79
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434,012
63.54% of 50 DAV
50 DAV is 683,000
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$105.44
-1.09%
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7/23/2024
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$96.92
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PP = $93.39
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MB = $98.06
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Most Recent Note - 9/12/2024 5:12:51 PM
G - Posted a 4th consecutive gain today with near average volume, rising further above its "max buy" level and hitting new 52-week high. Recently retested support near its 50 DMA line ($92.48). Faces no resistance due to overhead supply. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : New High After Finding Prompt Support Near 50-Day Moving Average - 9/12/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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C
A
S
I |
TXRH
-
NASDAQ
Texas Roadhouse
Retail-Restaurants
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$165.62
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+2.32
1.42% |
$166.50
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606,948
81.14% of 50 DAV
50 DAV is 748,000
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$177.72
-6.81%
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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 - 9/17/2024 5:15:19 PM
G - Still sputtering below its 50 DMA line ($167.76) which is now downward sloping and has acted as resistance. A rebound above the 50 DMA line is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Meeting Stubborn Resistance at 50-Day Moving Average - 8/27/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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C
A
S
I |
HWM
-
NYSE
Howmet Aerospace
Aerospace/Defense
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$94.59
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-0.55
-0.58% |
$95.26
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2,040,792
73.44% of 50 DAV
50 DAV is 2,779,000
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$98.15
-3.63%
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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 - 9/12/2024 5:07:59 PM
G - Posted a 2nd consecutive small gain today with below-average volume after recent losses backed by higher volume. Its 50 DMA ($89) line defines important near-term support above prior highs in the $85 area.
>>> FEATURED STOCK ARTICLE : Holding Ground Near All-Time High After Pullback Testing Support - 8/29/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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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 |
MELI
-
NASDAQ
MercadoLibre
Retail-Internet
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$2,074.26
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-31.25
-1.48% |
$2,111.68
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281,007
89.21% of 50 DAV
50 DAV is 315,000
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$2,143.96
-3.25%
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8/5/2024
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$1,793.73
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PP = $1,792.15
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MB = $1,881.76
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Most Recent Note - 9/12/2024 1:59:03 PM
G - Powering to a new all-time high with today's big gain, getting extended from any sound base. Its 50 DMA line ($1,841) and prior highs define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pulled Back From New All-Time High - 9/3/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
NGVC
-
NYSE
Natural Grocers
Retail-Super/Mini Mkts
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$29.33
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+0.03
0.10% |
$29.74
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63,814
79.77% of 50 DAV
50 DAV is 80,000
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$29.49
-0.54%
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9/5/2024
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$27.91
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PP = $27.60
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MB = $28.98
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Most Recent Note - 9/16/2024 5:23:46 PM
Y - Hit another new 52-week high with today's 5th consecutive gain backed by below-average volume. Color code was changed to yellow in the 9/05/24 mid-day report as a valid secondary buy point was noted up to 5% above the prior high since finding support near its 10 WMA line after an earlier breakout. Reported earnings +29% on +10% sales revenues for the Jun '24 quarter versus the year-ago period, its 5th consecutive strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been steady.
>>> FEATURED STOCK ARTICLE : Following Pullback a Secondary Buy Point Exists - 9/5/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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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.
This report is a service available
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