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AFTER MARKET UPDATE - MONDAY, NOVEMBER 14TH, 2022
Previous After Market Report Next After Market Report >>>
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DOW |
-211.16 |
33,536.70 |
-0.63% |
|
Volume |
950,466,847 |
-15% |
|
Volume |
5,023,064,100 |
-13% |
|
NASDAQ |
-127.11 |
11,196.22 |
-1.12% |
|
Advancers |
883 |
29% |
|
Advancers |
1,821 |
39% |
|
S&P 500 |
-35.68 |
3,957.25 |
-0.89% |
|
Decliners |
2,202 |
71% |
|
Decliners |
2,845 |
61% |
|
Russell 2000 |
-21.49 |
1,861.25 |
-1.14% |
|
52 Wk Highs |
54 |
|
|
52 Wk Highs |
87 |
|
|
S&P 600 |
-13.71 |
1,218.47 |
-1.11% |
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52 Wk Lows |
24 |
|
|
52 Wk Lows |
113 |
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Major Indices Pulled Back With Lighter Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow lost 211 points while the Nasdaq Composite declined 1.1%, and the S&P 500 decreased 0.9%. The volume totals reported were lighter than the prior session total on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by more than a 2-1 margin on the NYSE and 3-2 on the Nasdaq exchange. There were 35 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 57 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE but new lows still outnumbered new highs on the Nasdaq exchange. The market is in a confirmed uptrend (M criteria). Healthy leadership (new 52-week highs totals) has continued to help the rally be productive. Only stocks meeting all key-criteria of the fact-based investment system should be considered as buy candidates.
Chart courtesy of www.stockcharts.com PICTURED: The S&P 500 Index posted gains with higher volume while rallying above its October high.
U.S. equites finished lower Monday after a choppy day of trading as investors digested Federal Reserve (Fed) commentary and assessed the future course of rate hikes. Over the weekend, Fed Governor Christopher Waller said investors overacted last week to the release of softening inflation data. The Fed Governor believes the market is too far ahead and investors need to slow down to prepare for more rate increases. On the other hand, Fed Vice Chair Leal Brainard argues the Fed is likely to slow their pace of raising rates as previous and anticipated rate hikes can’t yet be observed in the economy. Ten of the 11 sectors in the S&P 500 finished in negative territory, with Real Estate leading laggards.
Treasury yields climbed following the Fed’s remarks on rate hikes. The benchmark 10-year note increased six basis points (0.06%) to 3.87%, while the 30-year bond yield added 2 basis points (0.02%) to 4.04%. The two-year note yield, which is more sensitive to changes in policy, gained 8 basis points (0.08%) to 4.41%. The U.S. Dollar Index advanced 0.5% against a basket of major currencies, after falling 4% last week marking its worst week in more than two and a half years. In commodities, West Texas Intermediate (WTI) crude declined 4.2% to $85.27/barrel amid record high COVID-19 cases in major Chinese cities. The spike in COVID-19 cases has impended the hopes of investors on the reopening of the world’s biggest crude importer. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Financial, Tech, and Commodity-Linked Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -2.30%), Broker/Dealer Index ($XBD -1.66%), and Retail Index ($RLX -1.74%) weighed on the major averages as each index lost ground. The tech sector had a slightly negative bias as the Semiconductor Index ($SOX -0.97%), Networking Index ($NWX -0.50%), and Biotech Index ($BTK -0.52%) each ended the session lower. The Oil Services Index ($OSX -1.16%) and Integrated Oil Index ($XOI -0.41%) both lost ground while the Gold & Silver Index ($XAU -0.17%) also inched lower. PICTURED: The Biotech Index ($BTK -0.52%) recently rebounded above its August high.
| Oil Services |
$OSX |
86.42 |
-1.01 |
-1.16% |
+63.92% |
| Integrated Oil |
$XOI |
1,911.66 |
-7.90 |
-0.41% |
+62.25% |
| Semiconductor |
$SOX |
2,728.05 |
-26.84 |
-0.97% |
-30.87% |
| Networking |
$NWX |
797.54 |
-4.05 |
-0.50% |
-17.87% |
| Broker/Dealer |
$XBD |
473.97 |
-8.00 |
-1.66% |
-2.65% |
| Retail |
$RLX |
2,948.01 |
-52.12 |
-1.74% |
-30.25% |
| Gold & Silver |
$XAU |
117.20 |
-0.20 |
-0.17% |
-11.51% |
| Bank |
$BKX |
107.40 |
-2.53 |
-2.30% |
-18.77% |
| Biotech |
$BTK |
5,197.98 |
-27.00 |
-0.52% |
-5.81% |
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Finished in Middle of Intra-Day Range After Challenging Pivot Point
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Arista Networks Inc (ANET +$2.65 or +2.06% to $131.20) was highlighted in yellow in the earlier mid-day report (read here ) with pivot point cited based on its 11/04/22 high after a cup-with-handle base. A gain and close above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. It is perched near its August high after with today's 3rd consecutive volume-driven gain, but it still faces some resistance due to overhead supply up to the $148 level.
ANET currently has a 97 Earnings Per Share Rating. It reported Sep '22 quarterly earnings +69% on +57% sales revenues versus the year ago period, its 4th quarterly comparison strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings had a downturn in FY 20 like many during the pandemic. It was last shown in this FSU section on 4/22/19 with an annotated graph under the headline, "Hovering Near High With Volume Totals Cooling".
The number of top-rated funds owning its shares rose from 1,758 in Dec '21 to 1,966 in Sep '22, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.0 is an unbiased indication its shares have been neutral concerning accumulation/distribution over the past 50 days. The high-ranked Computer - Networking firm has a Timeliness Rating of A and a Sponsorship Rating of C. Its small supply of 243.4 million shares (S criteria) in the public float may contribute to greater volatility in the event of institutional buying or selling.
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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 |
CI
-
NYSE
Cigna Corp
Medical-Managed Care
|
$306.85
|
+3.03
1.00% |
$312.53
|
1,960,467
94.30% of 50 DAV
50 DAV is 2,079,000
|
$325.16
-5.63%
|
7/7/2022
|
$276.55
|
PP = $273.68
|
|
MB = $287.36
|
Most Recent Note - 11/11/2022 12:12:04 PM
G - Violating its 50 DMA line ($297.53) with today's big volume-driven loss triggering a technical sell signal. Reported Sep '22 quarterly earnings +5% on +2% sales revenues versus the year ago period.
>>> FEATURED STOCK ARTICLE : Cigna Reported Earnings Perched at High - 11/3/2022 |
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C
A
S
I |
ESQ
-
NASDAQ
Esquire Financial Hldgs
Finance-Commercial Loans
|
$43.83
|
+0.27
0.62% |
$44.35
|
28,614
102.19% of 50 DAV
50 DAV is 28,000
|
$45.39
-3.44%
|
10/18/2022
|
$40.02
|
PP = $39.95
|
|
MB = $41.95
|
Most Recent Note - 11/11/2022 3:43:35 PM
G - Pulling back today with below average volume. Prior highs in the $41 area define initial support to watch above its 50 DMA line ($40).
>>> FEATURED STOCK ARTICLE : New High With 6th Consecutive Volume-Driven Gain - 10/31/2022 |
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C
A
S
I |
CCRN
-
NASDAQ
Cross Country Healthcare
DIVERSIFIED SERVICES - Staffing and Outsourcing Service
|
$31.10
|
+0.54
1.77% |
$32.00
|
882,444
94.89% of 50 DAV
50 DAV is 930,000
|
$38.68
-19.60%
|
9/9/2022
|
$27.32
|
PP = $30.61
|
|
MB = $32.14
|
Most Recent Note - 11/11/2022 3:40:27 PM
G - A damaging volume-driven loss today is undercutting its 50 DMA line ($31.54) raising concerns. Only a prompt rebound above the 50 DMA line would help its outlook improve. Prior highs in the $30.50 area define important near-term support to watch where more damaging losses would trigger a technical sell signal. Reported Sep '22 quarterly earnings +75% on +70% sales revenues versus the year ago period.
>>> FEATURED STOCK ARTICLE : Consolidating Above Prior Highs and Above 50-Day Moving Average - 11/8/2022 |
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C
A
S
I |
CMC
-
NYSE
Commercial Metals Co
METALS and MINING - Steel and Iron
|
$46.99
|
+0.93
2.02% |
$47.55
|
1,054,057
99.35% of 50 DAV
50 DAV is 1,061,000
|
$49.41
-4.90%
|
10/14/2022
|
$41.61
|
PP = $44.45
|
|
MB = $46.67
|
Most Recent Note - 11/14/2022 6:12:30 PM
G - Posted a gain today and its color code is changed to green after rising back above its "max buy" level. Fundamentals remain strong. Prior high in the $44 area defines initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Steel/Metal Products Firm Quietly Perched Near All Time High - 11/7/2022 |
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C
A
S
I |
VRTX
-
NASDAQ
Vertex Pharmaceuticals
Medical-Biomed/Biotech
|
$306.03
|
+2.77
0.91% |
$311.57
|
1,393,598
94.93% of 50 DAV
50 DAV is 1,468,000
|
$316.48
-3.30%
|
10/24/2022
|
$308.47
|
PP = $306.05
|
|
MB = $321.35
|
Most Recent Note - 11/11/2022 3:52:28 PM
Y - Showing resilience today after early weakness undercut its 50 DMA line ($295.73) which defines near-term support above recent lows in the $2987 area. Recently reported Sep '22 quarterly earnings +14% on +18% sales revenues versus the year ago period, below the +25% minimum earnings guideline raising fundamental concerns (C criteria). Annual earnings (A criteria) history has been strong.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain Triggered Technical Buy Signal - 10/24/2022 |
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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 |
GPK
-
NYSE
Graphic Packaging Hldg
CONSUMER NON-DURABLES - Packaging and Containers
|
$22.00
|
+0.38
1.76% |
$22.50
|
3,795,636
126.69% of 50 DAV
50 DAV is 2,996,000
|
$24.07
-8.60%
|
10/25/2022
|
$22.75
|
PP = $24.17
|
|
MB = $25.38
|
Most Recent Note - 11/11/2022 3:45:58 PM
Y - Pulling back today for a 2nd consecutive loss with above average volume testing its 50 DMA line ($21.64). More damaging losses would raise concerns and trigger a technical sell signal. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Reported Sep '22 quarterly earnings +79% on +38% sales revenues versus the year ago period.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Outlook Improve - 10/25/2022 |
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C
A
S
I |
CBZ
-
NYSE
C B I Z Inc
Comml Svcs-Consulting
|
$47.69
|
-0.15
-0.31% |
$48.56
|
236,425
86.92% of 50 DAV
50 DAV is 272,000
|
$50.57
-5.70%
|
10/26/2022
|
$47.83
|
PP = $48.57
|
|
MB = $51.00
|
Most Recent Note - 11/11/2022 3:48:07 PM
Y - Pulling back today with lighter volume but slumping back below its pivot point. Its 50 DMA line ($45.41) and recent low define important near-term support. Recently reported Sep '22 quarterly earnings +24% on +28% sales revenues versus the year ago period.
>>> FEATURED STOCK ARTICLE : Earnings Report Due for Commercial Services and Consulting Firm - 10/26/2022 |
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C
A
S
I |
ENPH
-
NASDAQ
Enphase Energy Inc
Energy-Solar
|
$297.94
|
+5.93
2.03% |
$306.47
|
4,277,714
104.28% of 50 DAV
50 DAV is 4,102,000
|
$324.84
-8.28%
|
10/26/2022
|
$301.55
|
PP = $324.94
|
|
MB = $341.19
|
Most Recent Note - 11/14/2022 12:41:11 PM
Y - Rebounding near recent highs with today's solid gain. Recently challenged its 52-week high and pivot point. Faces little near-term resistance due to overhead supply up to the $324 level. Its 50 DMA line ($283) defines near-term support above the recent low ($262.60 on 11/07/22). Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Enphase Energy Rebound Above 50-Day Moving Average Helped Outlook - 10/28/2022 |
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C
A
S
I |
HRMY
-
NASDAQ
Harmony Biosciences Holdings
Medical-Biomed/Biotech
|
$58.57
|
+1.69
2.97% |
$59.30
|
656,801
125.90% of 50 DAV
50 DAV is 521,700
|
$60.66
-3.45%
|
11/1/2022
|
$55.31
|
PP = $57.23
|
|
MB = $60.09
|
Most Recent Note - 11/14/2022 6:09:34 PM
Y - Posted a solid gain today with +26% above average volume as it closed back above the pivot point. Recently consolidating above prior highs in the $57 area that define initial support to watch.
>>> FEATURED STOCK ARTICLE : Volume Heavy Behind Technical Breakout After Earnings - 11/1/2022 |
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C
A
S
I |
CLH
-
NYSE
Clean Harbors Inc
Pollution Control
|
$111.18
|
-4.38
-3.79% |
$116.02
|
444,336
99.18% of 50 DAV
50 DAV is 448,000
|
$124.49
-10.69%
|
11/2/2022
|
$121.59
|
PP = $124.59
|
|
MB = $130.82
|
Most Recent Note - 11/14/2022 6:03:33 PM
G - Color code is changed to green after slumping below its 50 DMA line ($116.20) hurting its outlook. A rebound is needed for its outlook to improve. Fundamentals remain strong after reporting Sep '22 quarterly earnings +113% on +43% sales revenues versus the year ago period.
>>> FEATURED STOCK ARTICLE : Testing 50 Day Moving Average Line After Forming New Base - 11/2/2022 |
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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 |
NPO
-
NYSE
Enpro Industries Inc
Machinery-Gen Industrial
|
$121.73
|
+0.45
0.37% |
$123.20
|
62,423
65.02% of 50 DAV
50 DAV is 96,000
|
$124.00
-1.83%
|
11/4/2022
|
$119.06
|
PP = $117.73
|
|
MB = $123.62
|
Most Recent Note - 11/14/2022 6:11:10 PM
Y - Posted a small gain today with light volume. Hovering near its 52-week high while also challenging its "max buy" level. Reported Sep '22 quarterly earnings +65% on +34% sales revenues versus the year ago period, its 3rd strong quarterly comparison above the +25% minimum earnings guideline (C criteria), helping it better match the winning models of the fact-based investment system. Annual earnings growth has been steady even through the pandemic.
>>> FEATURED STOCK ARTICLE : Finished Strong After Highlighted in Friday Mid-Day Report - 11/4/2022 |
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C
A
S
I |
DGII
-
NASDAQ
Digi International Inc
COMPUTER HARDWARE - Networking and Communication Dev
|
$41.16
|
+1.27
3.18% |
$41.88
|
434,908
105.56% of 50 DAV
50 DAV is 412,000
|
$40.86
0.73%
|
11/10/2022
|
$41.82
|
PP = $40.96
|
|
MB = $43.01
|
Most Recent Note - 11/14/2022 6:08:15 PM
Y - Posted a 3rd consecutive gain today with lighter (average) for a best-ever close, wedging above the pivot point cited based on its 10/31/22 high plus 10 cents. Rising from an advanced "ascending base" pattern. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to confirm a proper technical buy signal. Reported Sep '22 quarterly earnings +80% versus the year ago period, its 3rd strong quarterly comparison well above the +25% minimum earnings guideline (C criteria), helping it better match the fact-based investment system's winning models. Annual earnings (A criteria) history has been strong after a downturn in FY '17-18.
>>> FEATURED STOCK ARTICLE : Finish Below Pivot Point Leaves Disciplined Investors Waiting - 11/10/2022 |
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C
A
S
I |
GFF
-
NYSE
Griffon Corporation
MATERIALS and CONSTRUCTION - General Building Materials
|
$33.09
|
-1.33
-3.86% |
$34.00
|
328,922
92.92% of 50 DAV
50 DAV is 354,000
|
$34.92
-5.24%
|
11/10/2022
|
$34.13
|
PP = $35.02
|
|
MB = $36.77
|
Most Recent Note - 11/14/2022 6:04:55 PM
Y - Pulled back today with lighter volume. Highlighted in yellow in the 11/10/22 mid-day report with new pivot point cited based on its 9/09/22 high plus 10 cents. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Showed resilience since dropped from the Featured Stocks list on 9/23/22. Fundamentals remain strong. Due to report Sep '22 quarterly results on 11/16/22. Volume and volatility often increase near earnings news.
>>> FEATURED STOCK ARTICLE : Griffon Perched Near 52-Week High After 9-Week Base - 11/11/2022 |
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C
A
S
I |
ANET
-
NYSE
Arista Networks Inc
Computer-Networking
|
$131.20
|
+2.65
2.06% |
$134.61
|
3,275,358
135.35% of 50 DAV
50 DAV is 2,420,000
|
$148.57
-11.69%
|
11/14/2022
|
$132.05
|
PP = $133.70
|
|
MB = $140.39
|
Most Recent Note - 11/14/2022 5:57:26 PM
Y - Finished in the middle of its intra-day range after highlighted in yellow in the earlier mid-day report with pivot point cited based on its 11/04/22 high after a cup-with-handle base. Subsequent gains and a close above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Perched near its August high with today's volume-driven gain, but it still faces some resistance due to overhead supply up to the $148 level. Reported Sep '22 quarterly earnings +69% on +57% sales revenues versus the year ago period, its 4th quarterly comparison strong and steady above the +25% minimum earnings guideline (C criteria). Annual earnings had a downturn in FY 20 like many during the pandemic. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Finished in Middle of Intra-Day Range After Challenging Pivot Point - 11/14/2022 |
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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,
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