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AFTER MARKET UPDATE - TUESDAY, DECEMBER 3RD, 2024
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DOW |
-76.47 |
44,705.53 |
-0.17% |
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Volume |
948,098,280 |
-4% |
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Volume |
6,029,864,400 |
-7% |
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NASDAQ |
+76.96 |
19,480.91 |
+0.40% |
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Advancers |
1,098 |
41% |
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Advancers |
1,611 |
38% |
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S&P 500 |
+2.73 |
6,049.88 |
+0.05% |
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Decliners |
1,606 |
59% |
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Decliners |
2,681 |
62% |
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Russell 2000 |
-17.80 |
2,416.34 |
-0.73% |
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52 Wk Highs |
117 |
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52 Wk Highs |
219 |
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S&P 600 |
-11.45 |
1,525.99 |
-0.74% |
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52 Wk Lows |
20 |
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52 Wk Lows |
93 |
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Nasdaq Composite and S&P 500 Index Both Hit New Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 (+0.1%) and Nasdaq Composite (+0.4%) both hit new record highs on Tuesday while the Dow Jones Industrial Average (-0.2%) ended slightly lower. The Russell 2000 underperformed, dropping -0.7%. Volume totals were lighter than the prior session's totals on the NYSE and on the Nasdaq exchange. Decliners led advancers by a 5-3 margin at the Nasdaq and by an 8-5 margin at the NYSE. There were 44 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 51 on the prior session. New 52-week highs totals contracted but still solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria). Disciplined investors know that new buying efforts are only to be made in stocks meeting all key criteria of the fact-based investment system.
PICTURED: The Dow Jones Industrial Average is hovering near its all-time high.
Apple (AAPL +1.3%) and Meta Platforms (META +3.5%) were top performers in the mega cap space. Amazon.com (AMZN +1.3%), NVIDIA (NVDA +1.2%), and Eli Lilly (LLY +1.7%) also rose. Meanwhile, Tesla (TSLA -1.6%) ended lower. CEO Elon Musk's pay package was rejected by a Delaware judge. China-produced electric vehicle sales also fell 4.3% in November.
S&P 500 sectors closing higher included the communication services (+1.1%), information technology (+0.6%), and consumer discretionary (+0.1%) sectors. The remaining eight sectors has losses ranging from -0.1% to -0.9%.
The 10-yr yield settled three basis points higher at 4.22%. The 2-yr yield declined three basis points to 4.17%. The JOLTS - Job openings report totaled 7.744 million in October, up from a revised count of 7.372 million in September.
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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, Retail, and Networking Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.86%) posted a modest gain while the Broker/Dealer Index ($XBD +0.06%) was little changed and the Bank Index ($BKX -0.66%) fell. The tech sector was mixed as the Networking Index ($NWX +0.43%) rose while the Semiconductor Index ($SOX -0.38%) and the Biotech Index ($BTK -1.18%) both lost ground. The Gold & Silver Index ($XAU +3.10%) posted a standout gain while the Integrated Oil Index ($XOI -0.16%) and the Oil Services Index ($OSX +0.27%) were mixed and little changed.
PICTURED: The Bank Index ($BKX -0.66%) fell for a 5th consecutive session yet remains well above support at its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
80.59 |
+0.22 |
+0.27% |
-3.92% |
| Integrated Oil |
$XOI |
1,925.32 |
-3.07 |
-0.16% |
+3.37% |
| Semiconductor |
$SOX |
5,035.86 |
-19.46 |
-0.38% |
+20.61% |
| Networking |
$NWX |
1,220.96 |
+5.20 |
+0.43% |
+46.61% |
| Broker/Dealer |
$XBD |
850.74 |
+0.52 |
+0.06% |
+52.66% |
| Retail Index |
$RLX |
5,168.55 |
+44.28 |
+0.86% |
+32.91% |
| Gold & Silver |
$XAU |
152.46 |
+4.58 |
+3.10% |
+21.30% |
| Bank |
$BKX |
135.57 |
-0.91 |
-0.66% |
+41.19% |
| Biotech |
$BTK |
5,935.58 |
-70.64 |
-1.18% |
+9.54% |
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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 |
USLM
-
NASDAQ
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag
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$152.92
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-3.68
-2.35% |
$156.59
|
108,512
130.74% of 50 DAV
50 DAV is 83,000
|
$159.53
-4.14%
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9/17/2024
|
$71.26
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PP = $87.23
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MB = $91.59
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Most Recent Note - 12/2/2024 6:20:44 PM
G - Very extended from any sound base, perched near its all-time high. Held its ground stubbornly following a noted spurt of volume-driven gains. Its 50 DMA line ($117) defines important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After Impressive Rally - 11/12/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A
S
I |
GVA
-
NYSE
Granite Construction
Bldg-Heavy Construction
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$99.09
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+0.33
0.33% |
$99.83
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399,690
62.06% of 50 DAV
50 DAV is 644,000
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$100.57
-1.47%
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6/11/2024
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$59.76
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PP = $64.33
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MB = $67.55
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Most Recent Note - 12/3/2024 8:45:26 PM
G - Hovering in a tight range near its all-time high with volume totals cooling. Reported Sep '24 quarterly earnings +19% on +14% sales revenues versus the year-ago period, repeatedly noted as "below the +25% minimum guideline (C criteria) of the fact-based investment system."
>>> FEATURED STOCK ARTICLE : Extended From Base After Streak of Gains for New Highs - 11/8/2024 |
View all notes |
Set NEW NOTE alert |
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News |
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C
A
S
I |
TXRH
-
NASDAQ
Texas Roadhouse
Retail-Restaurants
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$196.10
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-2.10
-1.06% |
$199.42
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666,030
96.25% of 50 DAV
50 DAV is 692,000
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$206.04
-4.82%
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7/26/2024
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$173.08
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PP = $175.82
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MB = $184.61
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Most Recent Note - 12/2/2024 6:19:22 PM
G - Pulled back from its all-time high with today's loss on (higher) average volume. Its 50 DMA line ($187) defines important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hovering Near High After Recent Volume-driven Gains - 11/15/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
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News |
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C
A
S
I |
HWM
-
NYSE
Howmet Aerospace
Aerospace/Defense
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$119.10
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+1.41
1.20% |
$119.40
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1,841,696
81.31% of 50 DAV
50 DAV is 2,265,000
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$119.28
-0.15%
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7/30/2024
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$93.95
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PP = $85.52
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MB = $89.80
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Most Recent Note - 12/2/2024 6:24:39 PM
G - Pulled back from its all-time high with today's small loss on near average volume. It is extended from any sound base. Its prior high ($106.93 on 10/21/24) and 50 DMA line ($106.74) define near-term support levels to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average Line Before Earnings Report - 11/5/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
NGVC
-
NYSE
Natural Grocers
Retail-Super/Mini Mkts
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$44.50
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-1.37
-2.99% |
$45.88
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144,387
142.96% of 50 DAV
50 DAV is 101,000
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$47.57
-6.45%
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11/5/2024
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$30.57
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PP = $30.42
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MB = $31.94
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Most Recent Note - 12/2/2024 6:23:31 PM
G - Pulled back from its all-time high with today's loss backed by average volume. Reported Sep '24 quarterly earnings +50% on +9% sales revenues versus the year-ago period. Prior high in the $30 area defines initial support to watch above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : New High After 6th Consecutive Gain - 11/11/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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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 |
CLS
-
NYSE
Celestica
Elec-Contract Mfg
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$89.44
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+4.48
5.27% |
$89.54
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1,866,422
78.49% of 50 DAV
50 DAV is 2,378,000
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$93.15
-3.98%
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10/11/2024
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$57.62
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PP = $63.59
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MB = $66.77
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Most Recent Note - 12/3/2024 8:43:37 PM
G - Posted a big gain with average volume. It is very extended from any sound base. Its 50 DMA line ($69.49) defines initial support above prior highs in the $63 area.
>>> FEATURED STOCK ARTICLE : Pulling Back After Considerable Rally - 11/13/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
PAY
-
NYSE
Paymentus Holdings
Finance-CrdtCard/PmtPr
|
$38.03
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-0.32
-0.83% |
$38.57
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331,164
94.35% of 50 DAV
50 DAV is 351,000
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$38.94
-2.34%
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10/17/2024
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$26.15
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PP = $25.31
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MB = $26.58
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Most Recent Note - 12/3/2024 8:48:28 PM
G - Extended from any sound base and stubbornly holding ground near its 52-week high. Bullish action came after it reported Sep '24 quarterly earnings +67% on +52% sales revenues versus the year-ago period.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base After Considerable Spike Higher - 11/14/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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C
A
S
I |
RMD
-
NYSE
Resmed Inc
HEALTH SERVICES - Medical Appliances and Equipment
|
$246.78
|
+1.86
0.76% |
$249.47
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433,538
44.37% of 50 DAV
50 DAV is 977,100
|
$260.49
-5.26%
|
10/25/2024
|
$256.64
|
PP = $255.28
|
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MB = $268.04
|
Most Recent Note - 12/2/2024 6:25:48 PM
Y - Pulled back near its 50 DMA line ($242) with light volume behind today's loss. Little resistance remains due to overhead supply.
>>> FEATURED STOCK ARTICLE : Recent Slump Below 50-Day Moving Average Raised Concerns - 11/18/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
ATGE
-
NYSE
Adtalem Global Education
Consumer Svcs-Education
|
$90.80
|
-0.77
-0.84% |
$92.61
|
234,730
67.45% of 50 DAV
50 DAV is 348,000
|
$92.93
-2.29%
|
10/30/2024
|
$83.34
|
PP = $80.28
|
|
MB = $84.29
|
Most Recent Note - 12/3/2024 8:46:33 PM
G - Still hovering near its all-time high with light volume on most sessions in recent weeks. Prior highs in the $80 area define initial support to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Holding Ground Following Recent Technical Breakout - 11/4/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
TW
-
NASDAQ
Tradeweb Markets
Financial Svcs-Specialty
|
$134.30
|
-0.18
-0.13% |
$135.71
|
567,525
68.13% of 50 DAV
50 DAV is 833,000
|
$138.25
-2.86%
|
11/19/2024
|
$134.41
|
PP = $136.23
|
|
MB = $143.04
|
Most Recent Note - 12/3/2024 8:47:24 PM
Y - Hovering near its all-time high with volume totals cooling. Subsequent volume-driven gains above the pivot point may trigger a proper technical buy signal. It was highlighted in yellow with pivot point cited based on its 10/15/24 high plus 10 cents. Found support recently at its 50 DMA line ($130.75).
>>> FEATURED STOCK ARTICLE : Tradeweb Markets Perched Near High - 11/19/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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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 |
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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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