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AFTER MARKET UPDATE - MONDAY, NOVEMBER 20TH, 2023
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DOW |
+203.76 |
35,151.04 |
+0.58% |
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Volume |
865,461,438 |
-12% |
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Volume |
4,659,558,700 |
+5% |
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NASDAQ |
+159.05 |
14,284.53 |
+1.13% |
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Advancers |
1,759 |
62% |
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Advancers |
2,616 |
61% |
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S&P 500 |
+33.36 |
4,547.38 |
+0.74% |
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Decliners |
1,061 |
38% |
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Decliners |
1,686 |
39% |
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Russell 2000 |
+9.32 |
1,807.08 |
+0.52% |
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52 Wk Highs |
84 |
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52 Wk Highs |
116 |
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S&P 600 |
+4.86 |
1,176.02 |
+0.41% |
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52 Wk Lows |
18 |
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52 Wk Lows |
110 |
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Major Indices Rose Further With Healthy Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major indices ended near their session highs at Monday's closing bell with gains ranging from +0.5% to +1.1%. Volume was reported lighter than the prior session on the NYSE and higher on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 3-2 margin on the NYSE and on the Nasdaq exchange. There were 63 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, up from the total of 50 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). New buying efforts should be only made in stocks fitting all key criteria of the fact-based investment system.
PICTURED: The Dow Jones Industrial Average posted its 13th gain in the span of 16 sessions. Two of the S&P 500 sectors closed with modest declines while nine sectors finished higher. The information technology (+1.5%) and communication services (+1.1%) sectors led gainers. The utilities sector (-0.3%) saw the "biggest" decline. The energy sector underperformed yet gained +0.1% as WTI crude oil futures rose ($77.84/bbl, +1.84, +2.4%).
Microsoft (MSFT +2.05%) rose with news that it hired OpenAI's ex-CEO Sam Altman to lead its AI team. AI chip leader NVIDIA (NVDA +2.25%) rose ahead of its earnings report due after Tuesday's close. Kohl's (KSS -2.74%) fell and Best Buy (BBY -0.16%) ended slightly lower in front of their quarterly results due before Tuesday's open.
Treasuries mostly settled with gains following a $16 billion 20-yr bond auction which was met with solid demand. The 2-yr yield settled unchanged at 4.90% and the 10-yr note yield fell two basis points to 4.42%.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail, Integrated Oil, and Tech Indexes Posted Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.52%) edged higher and outpaced the Broker/Dealer Index ($XBD +0.13%), meanwhile the Bank Index ($BKX -0.15%) ended slightly in the red. The tech sector saw unanimous gains led by the Semiconductor Index ($SOX +1.52%) and Networking Index ($NWX +0.81%) while the Biotech Index ($BTK +0.45%) posted a smaller gains. The Integrated Oil Index ($XOI +0.51%) edged higher while the Oil Services Index ($OSX -0.01%) finished flat and the Gold & Silver Index ($XAU -0.15%) ended slighty lower.
PICTURED: The Integrated Oil Index ($XOI +0.51%) found support at its 200-day moving average (DMA) line.
| Oil Services |
$OSX |
84.17 |
-0.01 |
-0.01% |
+0.37% |
| Integrated Oil |
$XOI |
1,856.68 |
+9.38 |
+0.51% |
+3.88% |
| Semiconductor |
$SOX |
3,805.80 |
+57.15 |
+1.52% |
+50.30% |
| Networking |
$NWX |
724.59 |
+5.79 |
+0.81% |
-7.50% |
| Broker/Dealer |
$XBD |
490.97 |
+0.63 |
+0.13% |
+9.32% |
| Retail |
$RLX |
3,674.25 |
+19.07 |
+0.52% |
+33.42% |
| Gold & Silver |
$XAU |
113.08 |
+0.17 |
+0.15% |
-6.43% |
| Bank |
$BKX |
83.26 |
-0.12 |
-0.15% |
-17.45% |
| Biotech |
$BTK |
4,807.16 |
+21.57 |
+0.45% |
-8.97% |
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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 |
ANET
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NYSE
Arista Networks
Computer-Networking
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$215.34
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+0.71
0.33% |
$216.46
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1,099,116
50.42% of 50 DAV
50 DAV is 2,180,000
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$218.36
-1.38%
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10/31/2023
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$188.84
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PP = $198.80
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MB = $208.74
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Most Recent Note - 11/20/2023 6:31:39 PM
G - Volume totals have been cooling while stubbornly holding its ground near its all-time high. Prior highs in the $198 area define near-term support above its 50 DMA line ($194). Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Powerful Gain Following Earnings Report for Arista Networks - 10/31/2023 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
NVO
-
NYSE
Novo Nordisk ADR
Medical-Ethical Drugs
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$103.59
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+2.20
2.17% |
$103.74
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4,617,228
91.58% of 50 DAV
50 DAV is 5,042,000
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$104.00
-0.39%
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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 - 11/20/2023 6:36:07 PM
Y - Closed at the session high today with a 3rd consecutive gain leaving it perched only -0.4% off its 52-week high. Found prompt support last week at its 50 DMA line ($96.37). Subsequent gains for new highs backed by at least +40% above average volume are needed to trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Approaching Prior High With Strong Fundamentals - 11/2/2023 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
QLYS
-
NASDAQ
Qualys
Computer Sftwr-Security
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$179.76
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+1.20
0.67% |
$180.07
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295,599
84.94% of 50 DAV
50 DAV is 348,000
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$178.57
0.67%
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11/3/2023
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$167.50
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PP = $165.03
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MB = $173.28
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Most Recent Note - 11/20/2023 6:38:22 PM
G - Posted a small gain with below-average volume today for another new all-time high. Prior high ($165) defines initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Powerful Breakout for Qualys - 11/3/2023 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
AXON
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NASDAQ
Axon Enterprise
Security/Sfty
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$226.29
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+2.81
1.26% |
$227.35
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287,497
60.27% of 50 DAV
50 DAV is 477,000
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$231.71
-2.34%
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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 - 11/20/2023 6:33:50 PM
Y - Wedging higher with today's 3rd consecutive small gain backed by light volume, inching back above the pivot point. More damaging losses below the recent low ($212.89 on 11/09/23) would raise greater concerns.
>>> FEATURED STOCK ARTICLE : Breakout for Axon as it Returns to Featured Stocks List - 11/8/2023 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
TDG
-
NYSE
TransDigm Group
Aerospace/Defense
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$964.36
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+6.73
0.70% |
$969.03
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261,120
101.60% of 50 DAV
50 DAV is 257,000
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$1,013.08
-4.81%
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11/9/2023
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$982.68
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PP = $940.10
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MB = $987.11
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Most Recent Note - 11/20/2023 6:39:57 PM
G - Today's small gain with average volume broke a streak of 3 consecutive losses with above-average volume after briefly trading above the $1,000 threshold. Fundamentals remain strong. Prior high ($940) defines initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : TransDigm's Big Gap Up Gain Triggered Technical Buy Signal - 11/9/2023 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
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 |
PANW
-
NASDAQ
Palo Alto Networks
Computer Sftwr-Security
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$260.57
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+12.98
5.24% |
$261.45
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6,851,139
196.08% of 50 DAV
50 DAV is 3,494,000
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$265.90
-2.00%
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11/13/2023
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$255.90
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PP = $266.00
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MB = $279.30
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Most Recent Note - 11/20/2023 6:37:09 PM
Y - Perched -2% off its 52-week and all-time highs after today's 2nd consecutive volume-driven gain. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal. Recovered quickly above its 50 DMA line after testing the prior low ($233.81 on 11/06/23) last week. Fundamentals remain strong after it reported Oct '23 quarterly earnings +66% on +20% sales revenues versus the year-ago period.
>>> FEATURED STOCK ARTICLE : Earnings New Due While Perched Near Prior High - 11/13/2023 |
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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only to active Paid Premium Members.
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