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AFTER MARKET UPDATE - MONDAY, DECEMBER 23RD, 2024
Previous After Market Report Next After Market Report >>>
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DOW |
+66.69 |
42,906.95 |
+0.16% |
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Volume |
906,026,021 |
-77% |
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Volume |
6,974,543,400 |
-40% |
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NASDAQ |
+192.29 |
19,764.89 |
+0.98% |
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Advancers |
1,380 |
50% |
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Advancers |
2,027 |
46% |
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S&P 500 |
+43.22 |
5,974.07 |
+0.73% |
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Decliners |
1,362 |
50% |
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Decliners |
2,337 |
54% |
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Russell 2000 |
-4.93 |
2,237.44 |
-0.22% |
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52 Wk Highs |
19 |
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52 Wk Highs |
77 |
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S&P 600 |
-1.85 |
1,415.04 |
-0.13% |
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52 Wk Lows |
132 |
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52 Wk Lows |
161 |
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Major Indices Were Slightly Higher While Leadership Remained Thin
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow Jones Industrial Average settled +0.2% higher.as the S&P 500 rose +0.7% and the Nasdaq Composite rose +1.0%. The volume totals were lower than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers and decliners were evenly matched at the NYSE and decliners narrowly led advancers at the Nasdaq exchange. Leadership remained thin as there were 3 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 5 on the prior session. New 52-week lows outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. The major indices' uptrend has come under pressure (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 Nasdaq Composite Index is consolidating above its 50-day moving average (DMA) line after retreating from its all-time high.
Qualcomm (QCOM +3.5%) rose after jurors found that the chip company did not violate terms of its agreement covering Arm Holding's (ARM -4.0%) designs. NVIDIA (NVDA +3.7%) and Broadcom (AVGO +5.5%) were also top performers from the semiconductor space. Meanwhile, Eli Lilly (LLY +3.7%) rose after the FDA approved Zepbound (tirzepatide) as the first and only prescription medicine for moderate-to-severe obstructive sleep apnea in adults with obesity.
Eight of the S&P 500 sectors closed higher and three logged declines. LLY helped boost the health care sector (+1.0%) while gains in mega caps and semiconductor shares boosted the communication services (+1.4%) and information technology (+1.4%) sectors.
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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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Tech and Financial Indexes Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +0.46%) and the Bank Index ($BKX +0.341%) both posted small gains while the Retail Index ($RLX -0.04%) finished virtually flat. The tech sector had a positive bias as the Semiconductor Index ($SOX +3.10%) outpaced the Networking Index ($NWX +0.63%) and the Biotech Index ($BTK +0.67%). The Integrated Oil Index ($XOI +0.62%) and the Oil Services Index ($OSX +1.18%) both finished the session modestly higher and the Gold & Silver Index ($XAU +0.12%) also inched higher.
PICTURED: The Oil Services Index ($OSX +1.18%) halted its slide after recently slumping to new 2024 lows well below its September low.
| Oil Services |
$OSX |
69.69 |
+0.81 |
+1.18% |
-16.92% |
| Integrated Oil |
$XOI |
1,713.48 |
+10.58 |
+0.62% |
-8.00% |
| Semiconductor |
$SOX |
5,118.75 |
+153.84 |
+3.10% |
+22.59% |
| Networking |
$NWX |
1,274.42 |
+6.74 |
+0.53% |
+53.03% |
| Broker/Dealer |
$XBD |
803.53 |
+3.65 |
+0.46% |
+44.19% |
| Retail Index |
$RLX |
5,246.75 |
-2.15 |
-0.04% |
+34.92% |
| Gold & Silver |
$XAU |
139.39 |
+0.16 |
+0.12% |
+10.90% |
| Bank |
$BKX |
127.64 |
+0.43 |
+0.34% |
+32.93% |
| Biotech |
$BTK |
5,766.13 |
+38.12 |
+0.67% |
+6.41% |
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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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$135.09
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+2.14
1.61% |
$136.94
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90,879
87.38% of 50 DAV
50 DAV is 104,000
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$159.53
-15.32%
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9/17/2024
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$71.26
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PP = $87.23
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MB = $91.59
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Most Recent Note - 12/18/2024 9:45:32 PM
G - Fell today for a 4th consecutive loss with average volume. Slumped near its 50 DMA line ($129.50) which defines important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After Impressive Rally - 11/12/2024 |
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C
A
S
I |
GVA
-
NYSE
Granite Construction
Bldg-Heavy Construction
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$90.61
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-0.06
-0.07% |
$90.79
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346,176
48.89% of 50 DAV
50 DAV is 708,000
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$105.20
-13.87%
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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 - 12/17/2024 2:02:05 PM
G - Testing its 50 DMA line ($91.17) today wit its 8th loss in the span of 9 sessions after a "negative reversal" at its all-time high. More damaging losses may trigger a technical sell signal. 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 : Negative Reversal After Hitting New All-Time High - 12/6/2024 |
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C
A
S
I |
TXRH
-
NASDAQ
Texas Roadhouse
Retail-Restaurants
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$180.42
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-0.96
-0.53% |
$181.29
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628,803
86.14% of 50 DAV
50 DAV is 730,000
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$206.04
-12.43%
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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 - 12/17/2024 3:08:24 PM
G - Quietly slumped below its 50 DMA line ($190) raising concerns with recent losses backed by light volume. A prompt rebound above the 50 DMA line is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Hovering Near High After Recent Volume-driven Gains - 11/15/2024 |
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C
A
S
I |
HWM
-
NYSE
Howmet Aerospace
Aerospace/Defense
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$110.54
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-0.29
-0.26% |
$110.78
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1,507,407
61.33% of 50 DAV
50 DAV is 2,458,000
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$120.71
-8.43%
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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 - 12/17/2024 1:57:05 PM
G - Pulling back today for a 4th consecutive loss with lighter volume. Its 50 DMA line ($110.14) and prior high ($106.93 on 10/21/24) define near-term support levels to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched at High - 12/5/2024 |
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C
A
S
I |
NGVC
-
NYSE
Natural Grocers
Retail-Super/Mini Mkts
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$38.84
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-0.36
-0.92% |
$39.09
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84,832
78.55% of 50 DAV
50 DAV is 108,000
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$47.57
-18.35%
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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 - 12/18/2024 9:39:49 PM
G - Pulled back for a 5th consecutive loss, retreating from its all-time high after getting very extended from any sound base. Reported Sep '24 quarterly earnings +50% on +9% sales revenues versus the year-ago period. Its 50 DMA line ($34.77) defines near-term support above prior highs in the $30 area.
>>> FEATURED STOCK ARTICLE : Consolidating After Considerable Rally to New Highs - 12/16/2024 |
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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 |
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Max Buy |
CLS
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NYSE
Celestica
Elec-Contract Mfg
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$97.52
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+2.07
2.17% |
$98.75
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1,265,018
50.22% of 50 DAV
50 DAV is 2,519,000
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$100.51
-2.97%
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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 - 12/18/2024 9:38:39 PM
G - Suffered a big loss today with higher (near average) volume while retreating from its all-time high. It is very extended from any sound base. Its 50 DMA line ($79) defines initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pulling Back After Considerable Rally - 11/13/2024 |
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C
A
S
I |
PAY
-
NYSE
Paymentus Holdings
Finance-CrdtCard/PmtPr
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$33.31
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-0.89
-2.60% |
$34.29
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250,294
54.65% of 50 DAV
50 DAV is 458,000
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$38.94
-14.46%
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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 - 12/23/2024 7:48:51 PM
G - Pulled back today with below average volume, still perched well above its 50 DMA line ($30.94) which defines important near-term support to watch. It is extended from any sound base.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base After Considerable Spike Higher - 11/14/2024 |
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C
A
S
I |
RMD
-
NYSE
ResMed
Medical-Products
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$231.17
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-6.10
-2.57% |
$232.00
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1,150,381
120.71% of 50 DAV
50 DAV is 953,000
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$260.49
-11.26%
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10/25/2024
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$256.64
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PP = $255.28
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MB = $268.04
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Most Recent Note - 12/23/2024 7:51:38 PM
G - Ended near the session high after gapping down today and shaking out below the recent lows. A rebound above its 50 DMA line ($242.37) is needed for its outlook to improve. Its Relative Strength Rating is 80, right at the 80+ minimum guideline for buy candidates.
>>> FEATURED STOCK ARTICLE : Recent Slump Below 50-Day Moving Average Raised Concerns - 11/18/2024 |
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C
A
S
I |
ATGE
-
NYSE
Adtalem Global Education
Consumer Svcs-Education
|
$89.21
|
+1.93
2.21% |
$89.42
|
293,568
72.67% of 50 DAV
50 DAV is 404,000
|
$92.93
-4.00%
|
10/30/2024
|
$83.34
|
PP = $80.28
|
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MB = $84.29
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Most Recent Note - 12/23/2024 7:53:27 PM
G - Posted a gain today with below-average volume. Consolidating in an orderly fashion above its 50 DMA line ($84.76) which defines initial support above prior highs in the $80 area. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Hovering Near High With Volume Totals Cooling - 12/4/2024 |
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C
A
S
I |
TW
-
NASDAQ
Tradeweb Markets
Financial Svcs-Specialty
|
$133.31
|
+0.58
0.44% |
$133.63
|
514,994
58.06% of 50 DAV
50 DAV is 887,000
|
$141.69
-5.91%
|
11/19/2024
|
$134.41
|
PP = $136.23
|
|
MB = $143.04
|
Most Recent Note - 12/17/2024 3:07:38 PM
Y - Consolidating above its 50 DMA line ($132) after encountering distributional pressure. Since recently featured it has not produced a volume-driven gain above the pivot point to 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.
>>> FEATURED STOCK ARTICLE : Tradeweb Markets Perched Near High - 11/19/2024 |
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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 |
ATAT
-
NASDAQ
Atour Lifestyle Hldgs ADR
Leisure-Lodging
|
$28.09
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+0.10
0.36% |
$28.59
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1,018,127
80.42% of 50 DAV
50 DAV is 1,266,000
|
$29.90
-6.05%
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12/9/2024
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$29.34
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PP = $29.25
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MB = $30.71
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Most Recent Note - 12/17/2024 12:11:57 PM
Y - Rallying near prior highs with today's big gain backed by higher volume. Found support near its 50 DMA line ($26.66). A violation would trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Volume Above Average Behind Breakout Gain - 12/9/2024 |
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C
A
S
I |
VEEV
-
NYSE
Veeva Systems Inc Cl A
Computer Sftwr-Medical
|
$224.89
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+0.74
0.33% |
$224.98
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580,474
50.26% of 50 DAV
50 DAV is 1,155,000
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$258.93
-13.15%
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12/9/2024
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$250.70
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PP = $240.68
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MB = $252.71
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Most Recent Note - 12/20/2024 12:51:32 PM
Y - Finding prompt support today after pulling back to its 50 DMA line ($222.73). More damaging losses would. raise serious concerns. Slumped considerably following a noted 12/06/24 "breakaway gap". Reported Oct '24 quarterly earnings +31% on +13% sales revenues versus the year-ago period, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong.
>>> FEATURED STOCK ARTICLE : Veeva Systems Consolidating After "Breakaway Gap" - 12/10/2024 |
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C
A
S
I |
CRAI
-
NASDAQ
CRA International
Comml Svcs-Consulting
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$183.50
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-1.05
-0.57% |
$185.42
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18,495
51.38% of 50 DAV
50 DAV is 36,000
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$210.70
-12.91%
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12/17/2024
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$208.34
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PP = $208.48
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MB = $218.90
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Most Recent Note - 12/18/2024 9:35:53 PM
Y - Negated the prior breakout with a big loss today. Highlighted in yellow in the prior mid-day report with pivot point cited based on its 11/06/24 high plus 10 cents after a 6-week base. Reported Sep '24 quarterly earnings +57% on +14% sales revenues versus the year-ago period, its 3rd strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain for New High Triggered Technical Buy Signal - 12/17/2024 |
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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.
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