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AFTER MARKET UPDATE - FRIDAY, NOVEMBER 24TH, 2023
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DOW |
+117.12 |
35,390.15 |
+0.33% |
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Volume |
375,547,950 |
-47% |
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Volume |
2,543,840,230 |
-35% |
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NASDAQ |
-15.00 |
14,250.85 |
-0.11% |
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Advancers |
1,997 |
72% |
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Advancers |
2,853 |
68% |
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S&P 500 |
+2.72 |
4,559.34 |
+0.06% |
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Decliners |
757 |
27% |
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Decliners |
1,321 |
32% |
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Russell 2000 |
+11.96 |
1,807.50 |
+0.67% |
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52 Wk Highs |
83 |
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52 Wk Highs |
90 |
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S&P 600 |
+5.85 |
1,173.81 |
+0.50% |
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52 Wk Lows |
6 |
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52 Wk Lows |
64 |
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Stocks Slumbered on Short Post-Thanksgiving Session
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major indicesd were little changed on Friday's shortened session. Volume was lighter than the prior session on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by about a 5-2 margin on the NYSE and more than 2-1 on the Nasdaq exchange. There were 75 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 82 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 Nasdaq Composite Index is perched -1.4% off its 52-week high after rebounding from support at its 200-day moving avergae (DMA) line. S&P 500 sector performance was mostly positive. Nine sectors closed with gains ranging from 0.1% to 0.5%. The two losing sectors were communication services (-0.7%) and information technology (-0.3%). The market-cap weighted S&P 500 traded effectively in a seven-point range during Friday's uneventful session.
NVIDIA (NVDA -2.00%) encountered some pressure after Reuters reported the company is delaying its China AI chip. Apple (AAPL -0.71%) also fell after a year-over-year decline in smartphone sales during China's Singles Day while competitors Huawei and Xiaomi enjoyed strong, double-digit growth. Alphabet (GOOG -1.43%) and Meta Platforms (META -1.19%).edged lower.
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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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Most Industry Groups Inched Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.13%), Bank Index ($BKX +0.31%) and Broker/Dealer Index ($XBD +0.73%) all ended higher. The tech sector saw gains from the Networking Index ($NWX +0.81%), and the Biotech Index ($BTK +0.67%) while the Semiconductor Index ($SOX +0.08%) was little changed. The Integrated Oil Index ($XOI +0.46%), Oil Services Index ($OSX +0.67%), and the Gold & Silver Index ($XAU +0.56%) each posted a small gain.
PICTURED: The Networking Index ($NWX +0.81%) is consolidating above its 50-day moving average (DMA) line but remains well below its 200 DMA line.
| Oil Services |
$OSX |
83.56 |
+0.56 |
+0.67% |
-0.36% |
| Integrated Oil |
$XOI |
1,851.63 |
+8.42 |
+0.46% |
+3.60% |
| Semiconductor |
$SOX |
3,747.92 |
+2.97 |
+0.08% |
+48.02% |
| Networking |
$NWX |
728.49 |
+5.84 |
+0.81% |
-7.00% |
| Broker/Dealer |
$XBD |
495.31 |
+3.59 |
+0.73% |
+10.28% |
| Retail |
$RLX |
3,689.77 |
+4.70 |
+0.13% |
+33.98% |
| Gold & Silver |
$XAU |
116.67 |
+0.65 |
+0.56% |
-3.47% |
| Bank |
$BKX |
82.68 |
+0.26 |
+0.31% |
-18.02% |
| Biotech |
$BTK |
4,839.86 |
+32.34 |
+0.67% |
-8.36% |
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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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$218.39
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+0.70
0.32% |
$218.49
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745,810
34.43% of 50 DAV
50 DAV is 2,166,000
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$221.41
-1.36%
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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 - 11/22/2023 5:01:27 PM
G - Hit a new all-time high with a gain today backed by below-average volume. Prior highs in the $198 area define near-term support above its 50 DMA line ($195). 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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$105.45
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+2.19
2.12% |
$105.69
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4,462,089
92.21% of 50 DAV
50 DAV is 4,839,000
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$104.00
1.39%
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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 - 11/24/2023 12:21:06 PM
Y - Hitting a new 52-week high with today's gain. Found prompt support last week at its 50 DMA line ($96.77). It has been repeatedly noted - "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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$180.47
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+1.23
0.69% |
$180.99
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128,641
37.18% of 50 DAV
50 DAV is 346,000
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$183.49
-1.65%
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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 - 11/22/2023 5:06:23 PM
G - There was a "negative reversal" today after hitting another new all-time high and it closed near the session low. 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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$228.42
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+1.55
0.68% |
$228.72
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101,409
21.39% of 50 DAV
50 DAV is 474,000
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$231.71
-1.42%
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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 - 11/22/2023 5:02:36 PM
Y - Paused today following 4 consecutive small gains backed by light volume as it inched 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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$970.73
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+0.53
0.05% |
$976.36
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42,892
16.56% of 50 DAV
50 DAV is 259,000
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$1,013.08
-4.18%
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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 - 11/22/2023 5:07:01 PM
G - It stalled after briefly trading above the $1,000 threshold last week. 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
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NASDAQ
Palo Alto Networks
Computer Sftwr-Security
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$266.08
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+2.94
1.12% |
$266.41
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1,611,087
44.37% of 50 DAV
50 DAV is 3,631,000
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$268.10
-0.75%
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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 - 11/22/2023 5:05:01 PM
Y - There was a "negative reversal" today after touching a new all-time high following 3 consecutive gains. 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.
This report is a service available
only to active Paid Premium Members.
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