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AFTER MARKET UPDATE - MONDAY, DECEMBER 18TH, 2023
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DOW |
+0.86 |
37,306.02 |
+0.00% |
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Volume |
1,030,133,280 |
-73% |
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Volume |
6,084,750,300 |
-32% |
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NASDAQ |
+90.89 |
14,904.81 |
+0.61% |
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Advancers |
1,372 |
49% |
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Advancers |
1,994 |
46% |
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S&P 500 |
+21.37 |
4,740.56 |
+0.45% |
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Decliners |
1,416 |
51% |
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Decliners |
2,334 |
54% |
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Russell 2000 |
-2.71 |
1,982.42 |
-0.14% |
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52 Wk Highs |
131 |
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52 Wk Highs |
220 |
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S&P 600 |
-2.98 |
1,287.90 |
-0.23% |
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52 Wk Lows |
13 |
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52 Wk Lows |
130 |
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Major Indices Posted Small Gains With Lighter Volume
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 (+0.5%) and Nasdaq Composite (+0.6%) closed with gains while the Dow Jones Industrial Average closed flat and the Russell 2000 declined -0.1%. Volume was reported lower than the prior session totals on the NYSE and on the Nasdaq exchange, down from Friday's totals which were inflated by options expirations. Decliners narrowly led advancers on the NYSE and on the Nasdaq exchange. There were 49 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 108 on the prior session. New 52-week highs totals contracted yet still outnumbered new 52-week lows totals 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 is perched at its all-time high after 8 consecutive gains. Nine of the 11 S&P 500 sectors rose while two of them declined. The communication services (+1.9%) and consumer staples (+1.1%) sectors climbed more than 1.0%. Meanwhile, the rate-sensitive real estate (-0.4%) and utilities (-0.3%) sectors lost ground. Meanwhile for U.S.Treasuries, the 2-yr note settled unchanged at 4.46% and the 10-yr note yield rose three basis points to 3.96%.
M&A activity included Nippon Steel (NPSCY -4.38%) making a $55.00 per share all cash offer for U.S. Steel (X +26.09%). Oil prices rose ($72.82, +1.42, +2.0%) following reports of several shipping companies, including BP, suspending travel through the Red Sea because of attacks on vessels by Houthi militants.
New economic data included the NAHB Housing Market Index which climbed to 37 in December from 34 in November. Tuesday will bring the November Building Permits and Housing Starts reports.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail and Commodity-Linked Indexes Led Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.58%) posted a solid gain while the Broker/Dealer Index ($XBD +0.58%) also edged higher but the Bank Index ($BKX -0.87%) lost ground on Monday. The tech sector had a slightly negative bias as the Biotech Index ($BTK -0.35%), Networking Index ($NWX -0.39%), and the Semiconductor Index ($SOX -0.32%) each edged lower. Commodity-linked groups had a positive bias as the Gold & Silver Index ($XAU +0.35%) edged higher while the Integrated Oil Index ($XOI +1.30%) and the Oil Services Index ($OSX +0.59) both posted gains.
PICTURED: The Semiconductor Index ($SOX -0.32%) paused after 7 consecutive gains for new 2023 highs.
| Oil Services |
$OSX |
83.52 |
+0.49 |
+0.59% |
-0.41% |
| Integrated Oil |
$XOI |
1,867.23 |
+23.99 |
+1.30% |
+4.48% |
| Semiconductor |
$SOX |
4,103.79 |
-13.22 |
-0.32% |
+62.07% |
| Networking |
$NWX |
815.79 |
-3.18 |
-0.39% |
+4.15% |
| Broker/Dealer |
$XBD |
540.31 |
+3.11 |
+0.58% |
+20.30% |
| Retail |
$RLX |
3,921.20 |
+61.13 |
+1.58% |
+42.38% |
| Gold & Silver |
$XAU |
124.19 |
+0.43 |
+0.35% |
+2.76% |
| Bank |
$BKX |
95.00 |
-0.83 |
-0.87% |
-5.80% |
| Biotech |
$BTK |
5,255.41 |
-18.59 |
-0.35% |
-0.49% |
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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
-
NYSE
Arista Networks
Computer-Networking
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$238.81
|
+3.21
1.36% |
$240.01
|
1,807,860
81.66% of 50 DAV
50 DAV is 2,214,000
|
$238.62
0.08%
|
10/31/2023
|
$188.84
|
PP = $198.80
|
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MB = $208.74
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Most Recent Note - 12/18/2023 7:28:06 PM
G - Hit another new all-time high with lighter volume behind today's 3rd consecutive gain. It is extended from any sound base. Its 50 DMA line ($208) defines near-term support above prior highs in the $198 area. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Made Gradual Progress Since Latest Breakout - 12/6/2023 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
NVO
-
NYSE
Novo Nordisk ADR
Medical-Ethical Drugs
|
$98.98
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+1.88
1.94% |
$99.80
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4,720,939
99.39% of 50 DAV
50 DAV is 4,750,000
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$105.69
-6.35%
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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 - 12/18/2023 7:24:56 PM
Y - Gapped up today and closed the session near its 50 DMA line ($99.17). Recent low ($94.73 on 12/11/23) defines important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Managed a "Positive Reversal" but Still Below 50-Day Moving Average - 12/11/2023 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
QLYS
-
NASDAQ
Qualys
Computer Sftwr-Security
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$202.14
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+3.29
1.65% |
$202.60
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340,286
87.03% of 50 DAV
50 DAV is 391,000
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$200.84
0.65%
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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 - 12/15/2023 6:57:36 PM
G - Volume was higher behind today's 8th consecutive gain hitting another new all-time high, extended from any sound base. Its 50 DMA line ($171.76) defines initial support to watch on pullbacks above the prior high ($165).
>>> FEATURED STOCK ARTICLE : Extended From Base Following Big Breakout - 12/12/2023 |
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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$255.70
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-0.28
-0.11% |
$256.01
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372,112
80.54% of 50 DAV
50 DAV is 462,000
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$256.82
-0.44%
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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 - 12/18/2023 7:30:03 PM
G - Ended near the session high with a small loss today on lighter volume following 8 consecutive gains marked by ever-increasing volume as it rallied to new highs. On pullbacks, the prior highs in the $229-231 area define near-term support to watch above its 50-day moving average (DMA) line ($223.20).
>>> FEATURED STOCK ARTICLE : Axon Enterprise Hits New High With 6th Straight Gain - 12/13/2023 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
TDG
-
NYSE
TransDigm Group
Aerospace/Defense
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$989.89
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+4.30
0.44% |
$996.81
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138,284
57.14% of 50 DAV
50 DAV is 242,000
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$1,015.72
-2.54%
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12/12/2023
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$1,000.39
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PP = $1,013.18
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MB = $1,063.84
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Most Recent Note - 12/14/2023 5:54:55 PM
Y - Suffered a loss today with above-average volume undercutting prior highs and breaking a streak of 6 consecutive gains backed by lackluster volume. The new pivot point cited was based on its 11/14/23 high plus 10 cents, however, gains above the pivot point were not backed by the +40% above-average volume necessary to trigger a proper new technical buy signal. Fundamentals remain strong. Recent lows in the $950 area define near-term support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Volume-Driven Loss Breaks Streak of 6 Straight Gains - 12/14/2023 |
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 |
PANW
-
NASDAQ
Palo Alto Networks
Computer Sftwr-Security
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$307.58
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+0.28
0.09% |
$309.42
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3,328,120
74.42% of 50 DAV
50 DAV is 4,472,000
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$318.00
-3.28%
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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 - 12/15/2023 6:56:08 PM
G - Consolidating after a noted streak of 5 consecutive gains to new all-time highs. Prior highs in the $265 area define initial support to watch above its 50 DMA line ($264). Fundamentals remain strong. See the latest FSU analysis for more detailed analysis and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Consolidating After Volume-Driven Gains for All-Time Highs - 12/15/2023 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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C
A
S
I |
URI
-
NYSE
United Rentals
Comml Svcs-Leasing
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$568.23
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-3.51
-0.61% |
$577.11
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845,863
107.21% of 50 DAV
50 DAV is 789,000
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$581.00
-2.20%
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12/1/2023
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$499.51
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PP = $488.73
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MB = $513.17
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Most Recent Note - 12/14/2023 6:05:19 PM
G - Volume was heavier behind today's 7th consecutive gain while hitting another new all-time high. Prior highs in the $492 area define near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : New Breakout For United Rentals - 12/1/2023 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
AMPH
-
NASDAQ
Amphastar Pharm
Medical-Biomed/Biotech
|
$58.06
|
+1.46
2.58% |
$58.10
|
341,023
81.78% of 50 DAV
50 DAV is 417,000
|
$67.66
-14.19%
|
12/4/2023
|
$60.84
|
PP = $58.35
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MB = $61.27
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Most Recent Note - 12/18/2023 7:27:00 PM
Y - Posted a gain today with below-average volume following 2 volume-driven losses. Recent weakness raised concerns while slumping back below the pivot point cited based on its 11/21/23 high after a cup-with-handle base. Little resistance remains due to overhead supply. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Amphastar Pharm on Track for 7th Weekly Gain - 12/4/2023 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
TBBK
-
NASDAQ
The Bancorp
Banks-Northeast
|
$40.59
|
+0.08
0.20% |
$41.86
|
474,772
113.85% of 50 DAV
50 DAV is 417,000
|
$42.27
-3.97%
|
12/4/2023
|
$39.88
|
PP = $41.62
|
|
MB = $43.70
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Most Recent Note - 12/14/2023 6:03:30 PM
Y - Posted a 3rd consecutive gain today with +34% above average volume, hitting a new 52-week high but finishing near the middle of its intra-day range and below its pivot point. Subsequent gains and a strong close above the pivot point backed by at least +40% above average volume may trigger a proper technical buy signal.
>>> FEATURED STOCK ARTICLE : The Bancorp is Perched Near High with Strong Fundamentals - 12/5/2023 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
LULU
-
NASDAQ
lululemon athletica
Retail-Apparel/Shoes/Acc
|
$501.63
|
+10.17
2.07% |
$501.72
|
1,230,602
50.70% of 50 DAV
50 DAV is 2,427,000
|
$508.43
-1.34%
|
12/8/2023
|
$490.61
|
PP = $485.93
|
|
MB = $510.23
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Most Recent Note - 12/14/2023 5:59:52 PM
Y - Pulled back today with higher (near average) volume after 6 consecutive gains, retreating from its all-time high. Its 2021 high of $485 defines initial support to watch after its recent breakout from a 2+ year base.
>>> FEATURED STOCK ARTICLE : Lululemon Breaks Out to New All-Time High - 12/8/2023 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
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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.
This report is a service available
only to active Paid Premium Members.
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or 954-785-1121.
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