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AFTER MARKET UPDATE - THURSDAY, NOVEMBER 30TH, 2023
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DOW |
+520.47 |
35,950.89 |
+1.47% |
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Volume |
1,925,857,225 |
+95% |
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Volume |
5,786,881,900 |
+18% |
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NASDAQ |
-32.27 |
14,226.22 |
-0.23% |
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Advancers |
1,738 |
63% |
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Advancers |
2,201 |
51% |
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S&P 500 |
+17.22 |
4,567.80 |
+0.38% |
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Decliners |
1,037 |
37% |
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Decliners |
2,150 |
49% |
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Russell 2000 |
+5.21 |
1,809.02 |
+0.29% |
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52 Wk Highs |
109 |
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52 Wk Highs |
95 |
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S&P 600 |
+2.61 |
1,170.66 |
+0.22% |
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52 Wk Lows |
24 |
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52 Wk Lows |
127 |
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Dow Jones Industrial Average Hits New 2023 High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow Jones Industrial Average was a relative outperformer, climbing +1.5%, due in part to a big gain in Salesforce (CRM +9.36%) after impressing with its earnings results. Volume totals were higher than the prior session on the NYSE and on the Nasdaq exchange. Advancers led decliners by about a 3-2 margin on the NYSE but by a much narrower margin on the Nasdaq exchange. There were 57 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 65 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 Dow Jones Industrial Average is powered to a new 2023 high. The health care (+1.3%), industrials (+1.1%), financials (+1.0%), and materials (+1.0%) sectors all climbed at least 1.0%. Communication services (-1.0%), consumer discretionary (-0.2%), and information technology (-0.1%) were the only sectors to fall.
The latest economic data featured a moderation in income and spending, and disinflation in the PCE Price Indexes in October, a stronger-than-expected Chicago PMI for November, and a relatively low level of initial jobless claims. The 2-yr note yield settled four basis points higher at 4.70%. The 10-yr note yield settled eight basis points higher at 4.35%.
WTI crude oil futures fell 2.4% today to $75.96/bbl after briefly climbing past their 200-day moving average (78.15). Several OPEC+ countries confirmed additional voluntary cuts to the total of 2.2 million barrels per day, beginning January 1 through the end of March 2024.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Biotech and Financial Indexes Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX +0.95%) and the Broker/Dealer Index ($XBD +0.66%) posted modest gains while the Retail Index ($RLX +0.08%) finished flat. The tech sector was mixed as the Biotech Index ($BTK +0.86%) posted a gain and the Networking Index ($NWX +0.09%) finished flat while the Semiconductor Index ($SOX -0.77%) lost ground. The Integrated Oil Index ($XOI +0.74%) and the Gold & Silver Index ($XAU +0.25%) each posted gains while the Oil Servicesd Indedx ($OSX +0.05%) finished flat.
PICTURED: The Bank Index ($BKX +0.95%) has rebounded above its 200-day moving average (DMA) line with the 2 latest gains.
| Oil Services |
$OSX |
81.93 |
+0.04 |
+0.05% |
-2.30% |
| Integrated Oil |
$XOI |
1,851.88 |
+13.67 |
+0.74% |
+3.62% |
| Semiconductor |
$SOX |
3,724.58 |
-28.78 |
-0.77% |
+47.09% |
| Networking |
$NWX |
727.04 |
+0.65 |
+0.09% |
-7.18% |
| Broker/Dealer |
$XBD |
495.73 |
+3.26 |
+0.66% |
+10.38% |
| Retail |
$RLX |
3,678.78 |
+3.07 |
+0.08% |
+33.58% |
| Gold & Silver |
$XAU |
123.35 |
+0.30 |
+0.25% |
+2.06% |
| Bank |
$BKX |
84.93 |
+0.80 |
+0.95% |
-15.78% |
| Biotech |
$BTK |
4,852.39 |
+41.22 |
+0.86% |
-8.12% |
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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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$219.71
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+0.41
0.19% |
$220.82
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2,035,085
94.61% of 50 DAV
50 DAV is 2,151,000
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$223.52
-1.70%
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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 - 11/30/2023 5:11:31 PM
G - Posted a gain today with average volume for another best-ever close. Prior highs in the $198 area define near-term support above its 50 DMA line ($198.41). 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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$101.84
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-0.16
-0.16% |
$101.99
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2,612,908
53.85% of 50 DAV
50 DAV is 4,852,000
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$105.69
-3.64%
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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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$184.84
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+1.08
0.59% |
$185.09
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787,426
232.97% of 50 DAV
50 DAV is 338,000
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$184.35
0.27%
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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 - 11/30/2023 5:18:07 PM
G - Posted a small gain today and closed near the session high with above-average volume for a 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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$229.98
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+4.12
1.82% |
$230.33
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714,480
159.48% of 50 DAV
50 DAV is 448,000
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$231.71
-0.75%
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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 - 11/30/2023 5:16:17 PM
Y - Posted a gain today with above-average volume and closed near the session high for a best-ever close. The recent low ($212.89 on 11/09/23) defines near-term support above its 50 DMA line ($212).
>>> 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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$962.87
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+10.05
1.05% |
$963.78
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277,373
113.68% of 50 DAV
50 DAV is 244,000
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$1,013.08
-4.96%
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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 - 11/30/2023 5:19:06 PM
G - Posted a gain today with 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 |
|
Max Buy |
PANW
-
NASDAQ
Palo Alto Networks
Computer Sftwr-Security
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$295.09
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+6.18
2.14% |
$296.16
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8,871,156
234.75% of 50 DAV
50 DAV is 3,779,000
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$292.33
0.94%
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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 - 11/30/2023 2:39:51 PM
G - Today's 5th consecutive gain with ever-increasing volume has it hitting yet another new all-time high and its color code was changed to green after rising above the "max buy" level. Prior gain above the pivot point backed by +70% above average volume triggered 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.
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