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AFTER MARKET UPDATE - TUESDAY, NOVEMBER 28TH, 2023
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DOW |
+83.51 |
35,416.98 |
+0.24% |
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Volume |
827,807,175 |
-2% |
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Volume |
4,552,129,900 |
+8% |
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NASDAQ |
+40.73 |
14,281.76 |
+0.29% |
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Advancers |
1,406 |
50% |
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Advancers |
2,071 |
48% |
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S&P 500 |
+4.46 |
4,554.89 |
+0.10% |
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Decliners |
1,386 |
50% |
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Decliners |
2,223 |
52% |
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Russell 2000 |
-8.35 |
1,792.81 |
-0.46% |
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52 Wk Highs |
64 |
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52 Wk Highs |
91 |
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S&P 600 |
-6.08 |
1,163.97 |
-0.52% |
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52 Wk Lows |
25 |
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52 Wk Lows |
130 |
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Major Indices Inched Higher With Mixed Breadth
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The major indices had a slightly positive tilt but the small cap indices lagged with modest losses. Volume totals were mixed, lighter than the prior session on the NYSE and higher on the Nasdaq exchange. Advancers led decliners by a very narrow margin on the NYSE but decliners outnumbered advancers 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 67 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE but new lows outnumbered new highs 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 -1.14% off its 2023 high. Pinduoduo (PDD +18.08%) posted a standout gain after reporting earnings. Tesla (TSLA +4.51%) rose back above resistance at its 50-day moving average ($236) ahead of its Cybertruck delivery event on Thursday. The biggest gainers among the 11 S&P 500 sectors were the real estate sector (+0.5%) and the consumer discretionary sector (+0.5%). The biggest loser was the health care sector (-0.5%).
Fed Governor Waller (FOMC voter) per CNBC acknowledged that the policy rate could be lowered if inflation continues to fall for several more months. He went on to add that, if inflation continues to decline, there is no reason for rates to remain really high. Fed Governor Bowman, also an FOMC voter, provided an offset of sorts to the rate-cut excitement as she claimed she would support raising rates again if data show progress on inflation has stalled or is insufficient to bring inflation back down to 2 percent.
A $39 billion 7-yr note auction was met with weak demand however the 2-yr note yield declined 14 basis points to 4.73% and the 10-yr note yield fell five basis points to 4.34%.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gold & Silver Index's Big Gain Above 200 Day Moving Average
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Gold & Silver Index ($XAU +4.07%) posted a standout gain on Tuesday. The Bank Index ($BKX +0.32%) posted a small gain while the Retail Index ($RLX -0.17%) ended slightly in the red and the Broker/Dealer Index ($XBD -1.20%) suffered a larger loss. The tech sector had negative bias as the Networking Index ($NWX +0.29%) eked out a small gain but the Biotech Index ($BTK -0.52%) and the Semiconductor Index ($SOX -0.56%) both edged lower. The Integrated Oil Index ($XOI +0.28%) and Oil Services Index ($OSX -0.56%) were mixed and little changed.
PICTURED: The Gold & Silver Index ($XAU +4.07%) rebounded above its 200-day moving average (DMA) line with big gain capping a 6-session winning streak.
| Oil Services |
$OSX |
82.52 |
-0.46 |
-0.56% |
-1.60% |
| Integrated Oil |
$XOI |
1,850.29 |
+5.26 |
+0.28% |
+3.53% |
| Semiconductor |
$SOX |
3,718.35 |
-20.96 |
-0.56% |
+46.85% |
| Networking |
$NWX |
721.82 |
+2.07 |
+0.29% |
-7.85% |
| Broker/Dealer |
$XBD |
487.27 |
-5.92 |
-1.20% |
+8.49% |
| Retail |
$RLX |
3,694.45 |
-6.47 |
-0.17% |
+34.15% |
| Gold & Silver |
$XAU |
123.40 |
+4.83 |
+4.07% |
+2.10% |
| Bank |
$BKX |
82.49 |
+0.27 |
+0.32% |
-18.20% |
| Biotech |
$BTK |
4,767.72 |
-24.71 |
-0.52% |
-9.72% |
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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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$217.25
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-1.42
-0.65% |
$220.48
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1,570,411
73.49% of 50 DAV
50 DAV is 2,137,000
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$221.41
-1.88%
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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 - 11/27/2023 5:00:48 PM
G - Managed a best-ever close with today's 3rd consecutive small gain backed by below-average volume. Prior highs in the $198 area define near-term support above its 50 DMA line ($196). 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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$101.43
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-2.44
-2.35% |
$102.25
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5,143,781
105.95% of 50 DAV
50 DAV is 4,855,000
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$105.69
-4.03%
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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 - 11/28/2023 12:35:59 PM
Y - Pulling back from its 52-week high with today's gap down. Found prompt support at its 50 DMA line ($97.11) when recently consolidating. 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
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NASDAQ
Qualys
Computer Sftwr-Security
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$180.57
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-0.89
-0.49% |
$182.26
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206,713
62.45% of 50 DAV
50 DAV is 331,000
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$183.49
-1.59%
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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 - 11/27/2023 5:07:23 PM
G - Posted another small gain today with light volume for a best-ever close. 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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$227.07
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-1.09
-0.48% |
$230.38
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227,397
49.65% of 50 DAV
50 DAV is 458,000
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$231.71
-2.00%
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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 - 11/27/2023 5:03:21 PM
Y - Volume totals have been cooling while hovering near its all-time high, above its pivot point and below its "max buy" level. The recent low ($212.89 on 11/09/23) defines near-term support above its 50 DMA line ($210.76).
>>> 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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$956.18
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-20.40
-2.09% |
$980.00
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247,250
101.75% of 50 DAV
50 DAV is 243,000
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$1,013.08
-5.62%
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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 - 11/28/2023 5:49:36 PM
G - Pulled back today with higher (near average) volume. Consolidating 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 |
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Max Buy |
PANW
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NASDAQ
Palo Alto Networks
Computer Sftwr-Security
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$277.83
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+8.74
3.25% |
$278.69
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6,300,105
174.18% of 50 DAV
50 DAV is 3,617,000
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$273.90
1.43%
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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 - 11/28/2023 12:37:43 PM
Y - Today's 3rd consecutive gain with increasing volume has it hitting another new all-time high. Recently noted - "Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a proper 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.
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
or 954-785-1121.
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