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AFTER MARKET UPDATE - TUESDAY, OCTOBER 22ND, 2024
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DOW |
-6.71 |
42,924.89 |
-0.02% |
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Volume |
804,932,025 |
-1% |
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Volume |
6,634,219,000 |
+6% |
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NASDAQ |
+33.12 |
18,573.13 |
+0.18% |
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Advancers |
1,171 |
43% |
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Advancers |
1,896 |
45% |
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S&P 500 |
-2.78 |
5,851.20 |
-0.05% |
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Decliners |
1,523 |
57% |
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Decliners |
2,285 |
55% |
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Russell 2000 |
-8.18 |
2,231.53 |
-0.37% |
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52 Wk Highs |
71 |
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52 Wk Highs |
101 |
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S&P 600 |
-8.19 |
1,401.99 |
-0.58% |
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52 Wk Lows |
31 |
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52 Wk Lows |
73 |
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Major Indices Were Little Changed as Leadership Waned
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major indices were little changed on Tuesday. The volume reported was lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Decliners led advancers by a 4-3 margin on the NYSE and nearly 4-3 on the Nasdaq exchange. There were 29 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 53 on the prior session. New 52-week highs totals contracted yet still 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 Dow Jones Industrial Average pulled back from its all-time high.
Dow components Verizon (VZ -5.0%) and 3M (MMM -2.3%), GE Aerospace (GE -9.1%) and Lockheed Martin (LMT -6.1%) fell following their earnings reports. General Motors (GM +9.8%) was sharply higher after above-consensus earnings and guidance. Microsoft (MSFT +2.1%) and Meta Platforms (META +1.2%) were influential standouts. Six of the 11 S&P 500 sectors declined. The industrial sector was the worst performer, dropping -1.2%. The consumer staples sector logged the largest gain, increasing +0.9%.
Rising market rates contributed to the downside bias in equities. The 10-yr yield settled another two basis points higher at 4.20%. The 2-yr yield settled one basis point higher at 4.04%.
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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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Gold & Silver Index Posted a Standout Gain
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +0.75%) posted a small gai and the Broker/Dealer Index ($XBD +0.09%) finished flat while the Retail Index ($RLX -0.35%) edged lower. The Semiconductor Index ($SOX -0.47%) and the Networking Index ($NWX -0.72%) both lost ground while the Biotech Index ($BTK +0.01%) was unchanged. The Oil Services Index ($OSX -0.80%) fell while the Integrated Oil Index ($XOI +0.14%) inched higher.
PICTURED: The Gold & Silver Index ($XAU +2.07%) posted a sixth consecutive standout gain, hitting new all-time highs.
| Oil Services |
$OSX |
75.54 |
-0.61 |
-0.80% |
-9.95% |
| Integrated Oil |
$XOI |
1,908.36 |
+2.75 |
+0.14% |
+2.46% |
| Semiconductor |
$SOX |
5,190.71 |
-24.51 |
-0.47% |
+24.31% |
| Networking |
$NWX |
1,154.33 |
-8.38 |
-0.72% |
+38.61% |
| Broker/Dealer |
$XBD |
741.97 |
+0.70 |
+0.09% |
+33.14% |
| Retail |
$RLX |
4,708.11 |
-15.37 |
-0.33% |
+21.07% |
| Gold & Silver |
$XAU |
175.74 |
+3.57 |
+2.07% |
+39.82% |
| Bank |
$BKX |
121.25 |
+0.90 |
+0.75% |
+26.28% |
| Biotech |
$BTK |
5,890.31 |
+0.79 |
+0.01% |
+8.70% |
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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 |
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Max Buy |
USLM
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NASDAQ
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag
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$103.01
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-0.74
-0.71% |
$104.96
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48,400
84.91% of 50 DAV
50 DAV is 57,000
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$105.59
-2.44%
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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 - 10/17/2024 5:18:41 PM
G - Hit another new all-time high with today's gain backed by near average volume. Prior high in the $87 area defines initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hovering Above Prior Highs Near All-Time High - 10/7/2024 |
View all notes |
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News |
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C
A
S
I |
GVA
-
NYSE
Granite Construction
Bldg-Heavy Construction
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$82.76
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-0.93
-1.11% |
$83.50
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363,915
65.10% of 50 DAV
50 DAV is 559,000
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$84.06
-1.55%
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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 - 10/21/2024 1:53:01 PM
G - Hitting yet another new all-time high with today's gain. Its 50 DMA line ($76.41) defines initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hovering Near All-Time High - 10/1/2024 |
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C
A
S
I |
TXRH
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NASDAQ
Texas Roadhouse
Retail-Restaurants
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$180.43
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-0.59
-0.33% |
$181.41
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755,869
117.01% of 50 DAV
50 DAV is 646,000
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$184.19
-2.04%
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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 - 10/18/2024 4:26:48 PM
Y - Gain for a new all-time high close today was backed by below-average volume. Recently noted rebound above the 50 DMA line ($170) helped its outlook to improve. Faces no resistance due to overhead supply. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Gain With Light Volume for New High Close - 10/18/2024 |
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News |
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C
A
S
I |
HWM
-
NYSE
Howmet Aerospace
Aerospace/Defense
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$102.65
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-3.67
-3.45% |
$105.83
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2,807,723
131.51% of 50 DAV
50 DAV is 2,135,000
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$106.93
-4.00%
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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 - 10/22/2024 10:03:20 PM
G - Pulled back from its all-time high with today's big volume-driven loss. Extended from any sound base. Prior highs in the $98 area coincide with its 50 DMA defining important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Gain With Light Volume for Best-Ever Close - 9/30/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A
S
I |
MELI
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NASDAQ
MercadoLibre
Retail-Internet
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$2,067.82
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-32.76
-1.56% |
$2,090.01
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188,605
67.60% of 50 DAV
50 DAV is 279,000
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$2,161.73
-4.34%
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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 - 10/22/2024 10:04:26 PM
G - Pulled back today with below-average volume. Recently found support near its 50 DMA line ($2,038). Little near-term resistance remains due to overhead supply up to the $2,161 level.
>>> FEATURED STOCK ARTICLE : Testing 50-Day Moving Average Line - 10/3/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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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 |
NGVC
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NYSE
Natural Grocers
Retail-Super/Mini Mkts
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$26.62
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-0.25
-0.93% |
$26.95
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72,847
85.70% of 50 DAV
50 DAV is 85,000
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$30.32
-12.20%
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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 - 10/18/2024 3:48:18 PM
G - Pulling back today with even lighter volume after 3 consecutive gains with below-average volume. It remains above its 50 DMA line ($26.56) but it is slumping back below the previously cited pivot point again.
>>> FEATURED STOCK ARTICLE : Near 50-Day Moving Average After Volume-Driven Losses - 10/4/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A
S
I |
CLS
-
NYSE
Celestica
Elec-Contract Mfg
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$56.00
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-0.68
-1.20% |
$57.08
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2,006,234
105.65% of 50 DAV
50 DAV is 1,899,000
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$64.56
-13.26%
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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 - 10/21/2024 1:55:22 PM
Y - Pulling back today for a 5th consecutive loss since rallying to a new all-time high. Color code was changed to yellow with a new pivot point cited based on its 7/16/24 high plus 10 cents. Subsequent gains and strong close above the pivot point backed by at least +40% above average volume may trigger a proper new technical buy signal. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Celistica Hits New All-Time High With 8th Straight Gain - 10/11/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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C
A
S
I |
PAY
-
NYSE
Paymentus Holdings
Finance-CrdtCard/PmtPr
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$24.93
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+0.04
0.16% |
$25.40
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268,370
130.91% of 50 DAV
50 DAV is 205,000
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$27.06
-7.87%
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10/17/2024
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$26.15
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PP = $25.31
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MB = $26.58
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Most Recent Note - 10/21/2024 1:45:44 PM
Y - Color code is changed to yellow today after pulling back below its "max buy" level following 6 consecutive volume-driven gains. Prior high in the $25 area defines initial support to watch.
>>> FEATURED STOCK ARTICLE : Paymentus Featured Breaking Out With Volume Driven Gains - 10/17/2024 |
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.
This report is a service available
only to active Paid Premium Members.
You may opt-out of receiving report notifications
at any time. Questions or comments may be submitted
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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