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AFTER MARKET UPDATE - TUESDAY, DECEMBER 24TH, 2024
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DOW |
+390.08 |
43,297.03 |
+0.91% |
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Volume |
400,671,607 |
-56% |
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Volume |
4,787,175,500 |
-31% |
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NASDAQ |
+266.24 |
20,031.13 |
+1.35% |
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Advancers |
2,046 |
75% |
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Advancers |
2,890 |
69% |
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S&P 500 |
+65.97 |
6,040.04 |
+1.10% |
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Decliners |
684 |
25% |
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Decliners |
1,318 |
31% |
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Russell 2000 |
+22.42 |
2,259.85 |
+1.00% |
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52 Wk Highs |
28 |
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52 Wk Highs |
68 |
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S&P 600 |
+13.12 |
1,428.16 |
+0.93% |
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52 Wk Lows |
81 |
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52 Wk Lows |
109 |
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Major Indices Rose on Shortened Pre-Christmas Session
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 logged a 1.1% gain, the Dow Jones Industrial Average registered a 0.9% gain, and the Nasdaq Composite rose 1.4%.The volume totals on the shortened session were lower than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by more than a 3-1 margin at the NYSE and bu more than 2-1 at the Nasdaq exchange. Leadership remained thin as there were 5 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 3 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 S&P 500 Index is consolidating after rebounding above its 50-day moving average (DMA) line and perched near its all-time high.
Buying was broad based, leading 25 of the 30 Dow components to close higher and all 11 S&P 500 sectors to finish in the green. The consumer discretionary sector logged the biggest gain by a decent margin, jumping +2.6% thanks to Tesla (TSLA +7.4%) and otther mega-caps. Amazon.com (AMZN +1.8%). Apple (AAPL +1.2%), Microsoft (MSFT +0.9%), NVIDIA (NVDA +0.4%), and Broadcom (AVGO +3.2%) helped propel the information technology sector to a +1.0% gain. American Airlines (AAL +0.6%) temporarily grounded all flights due to a technical issue. The S&P 500 industrial sector (+0.8%) rose as Delta Air Lines (DAL +1.7%) and United Airlines (UAL +1.7%) were among the strong components.
Treasury yields moved lower after a fresh $70 billion 5-yr note sale met strong demand. There was no US economic data of note. Markets are closed on Wednesday for Christmas. Looking ahead to Thursday, the weekly jobless claims report is due at 8:30 ET.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, Tech, and Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +1.67%), Bank Index ($BKX +1.23%), and the Retail Index ($RLX +1.56%) each finished the session higher. The tech sector had a positive bias as the Semiconductor Index ($SOX +1.07%), Networking Index ($NWX +1.44%), and the Biotech Index ($BTK +0.48%) posted unanimous gains. The Integrated Oil Index ($XOI +0.68%) and the Oil Services Index ($OSX +1.28%) both finished the session modestly higher and the Gold & Silver Index ($XAU +0.21%) also inched higher again.
PICTURED: The Networking Index ($NWX +1.44%) is consolidating near its 2024 high.
| Oil Services |
$OSX |
70.57 |
+0.89 |
+1.28% |
-15.86% |
| Integrated Oil |
$XOI |
1,725.18 |
+11.70 |
+0.68% |
-7.37% |
| Semiconductor |
$SOX |
5,173.56 |
+54.81 |
+1.07% |
+23.90% |
| Networking |
$NWX |
1,292.80 |
+18.38 |
+1.44% |
+55.23% |
| Broker/Dealer |
$XBD |
816.97 |
+13.44 |
+1.67% |
+46.60% |
| Retail Index |
$RLX |
5,328.47 |
+81.72 |
+1.56% |
+37.02% |
| Gold & Silver |
$XAU |
139.68 |
+0.30 |
+0.21% |
+11.13% |
| Bank |
$BKX |
129.21 |
+1.57 |
+1.23% |
+34.56% |
| Biotech |
$BTK |
5,793.99 |
+27.86 |
+0.48% |
+6.92% |
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Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
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 | $136.26 | +1.17
0.87% | $136.79 | 39,008
37.15% of 50 DAV
50 DAV is 105,000 | $159.53
-14.59%
| 9/17/2024 | $71.26 | PP = $87.23 | | MB = $91.59 |  Most Recent Note - 12/24/2024 2:03:13 PM
G - Finding prompt support at its 50 DMA line ($132.29). More damaging losses would raise concerns and trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After Impressive Rally - 11/12/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | GVA - NYSE
Granite Construction
Bldg-Heavy Construction | $91.12 | +0.51
0.56% | $91.12 | 125,521
17.80% of 50 DAV
50 DAV is 705,000 | $105.20
-13.38%
| 6/11/2024 | $59.76 | PP = $64.33 | | MB = $67.55 | Most Recent Note - 12/24/2024 1:04:18 PM
G - Sputtering below its 50 DMA line ($92), enduring distributional pressure after a "negative reversal" at its all-time high. 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 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | TXRH - NASDAQ
Texas Roadhouse
Retail-Restaurants | $182.58 | +2.16
1.20% | $182.64 | 241,577
33.05% of 50 DAV
50 DAV is 731,000 | $206.04
-11.39%
| 7/26/2024 | $173.08 | PP = $175.82 | | MB = $184.61 | Most Recent Note - 12/24/2024 1:14:41 PM
G - Still lingering below its 50 DMA line ($191) and raising concerns with recent losses. A 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 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | HWM - NYSE
Howmet Aerospace
Aerospace/Defense | $112.04 | +1.50
1.36% | $112.10 | 614,820
25.03% of 50 DAV
50 DAV is 2,456,000 | $120.71
-7.18%
| 7/30/2024 | $93.95 | PP = $85.52 | | MB = $89.80 | Most Recent Note - 12/24/2024 1:05:36 PM
G - Finding prompt support near its 50 DMA line ($110.84) and well above the prior high ($106.93 on 10/21/24) defining near-term support levels to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched at High - 12/5/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | NGVC - NYSE
Natural Grocers
Retail-Super/Mini Mkts | $39.90 | +1.06
2.73% | $39.91 | 38,334
35.17% of 50 DAV
50 DAV is 109,000 | $47.57
-16.12%
| 11/5/2024 | $30.57 | PP = $30.42 | | MB = $31.94 | Most Recent Note - 12/24/2024 2:02:03 PM
G - Consolidating above its 50 DMA line ($35.81) and still very extended from any sound base. Reported Sep '24 quarterly earnings +50% on +9% sales revenues versus the year-ago period.
>>> FEATURED STOCK ARTICLE : Consolidating After Considerable Rally to New Highs - 12/16/2024 | 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 | CLS - NYSE
Celestica
Elec-Contract Mfg | $97.53 | +0.01
0.01% | $99.26 | 878,783
35.55% of 50 DAV
50 DAV is 2,472,000 | $100.51
-2.96%
| 10/11/2024 | $57.62 | PP = $63.59 | | MB = $66.77 | Most Recent Note - 12/24/2024 2:00:31 PM
G - Volume totals have been cooling while hovering near its all-time high, very extended from any sound base. Its 50 DMA line ($81.32) defines initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pulling Back After Considerable Rally - 11/13/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | PAY - NYSE
Paymentus Holdings
Finance-CrdtCard/PmtPr | $33.89 | +0.58
1.74% | $34.16 | 173,210
37.65% of 50 DAV
50 DAV is 460,000 | $38.94
-12.97%
| 10/17/2024 | $26.15 | PP = $25.31 | | MB = $26.58 | 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 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | RMD - NYSE
Resmed Inc
HEALTH SERVICES - Medical Appliances and Equipment | $232.58 | +1.41
0.61% | $232.58 | 227,032
23.49% of 50 DAV
50 DAV is 966,600 | $260.49
-10.71%
| 10/25/2024 | $256.64 | PP = $255.28 | | MB = $268.04 | 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 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | ATGE - NYSE
Adtalem Global Education
Consumer Svcs-Education | $91.06 | +1.85
2.07% | $91.33 | 136,208
33.55% of 50 DAV
50 DAV is 406,000 | $92.93
-2.01%
| 10/30/2024 | $83.34 | PP = $80.28 | | MB = $84.29 | 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 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | TW - NASDAQ
Tradeweb Markets
Financial Svcs-Specialty | $134.30 | +0.99
0.74% | $134.89 | 163,640
18.45% of 50 DAV
50 DAV is 887,000 | $141.69
-5.22%
| 11/19/2024 | $134.41 | PP = $136.23 | | MB = $143.04 | Most Recent Note - 12/24/2024 1:13:15 PM
Y - Finding support and consolidating above its 50 DMA line ($131.93). 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 | 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 | ATAT - NASDAQ
Atour Lifestyle Hldgs ADR
Leisure-Lodging | $29.09 | +1.00
3.56% | $29.79 | 1,207,651
94.87% of 50 DAV
50 DAV is 1,273,000 | $29.90
-2.71%
| 12/9/2024 | $29.34 | PP = $29.25 | | MB = $30.71 | Most Recent Note - 12/24/2024 11:30:53 AM
Y - Challenging the prior high with today's 4th consecutive gain. Found support near its 50 DMA line ($26.67). A violation would trigger a technical sell signal.
>>> FEATURED STOCK ARTICLE : Volume Above Average Behind Breakout Gain - 12/9/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | VEEV - NYSE
Veeva Systems Inc Cl A
Computer Sftwr-Medical | $217.43 | -7.46
-3.32% | $224.36 | 1,035,575
899.72% of 50 DAV
50 DAV is 115,100 | $258.93
-16.03%
| 12/9/2024 | $250.70 | PP = $240.68 | | MB = $252.71 | Most Recent Note - 12/24/2024 2:06:15 PM
G - Color code is changed to green after slumping below its 50 DMA line ($223) raising serious concerns. A rebound above the 50 DMA line is needed for its outlook to improve. Its Relative Strength Rating has slumped to 74, well below the 80+ minimum guideline for buy candidates. Slumped considerably following a noted 12/06/24 "breakaway gap".Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Veeva Systems Consolidating After "Breakaway Gap" - 12/10/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | CRAI - NASDAQ
CRA International
Comml Svcs-Consulting | $188.73 | +5.23
2.85% | $190.28 | 16,316
46.62% of 50 DAV
50 DAV is 35,000 | $210.70
-10.43%
| 12/17/2024 | $208.34 | PP = $208.48 | | MB = $218.90 | Most Recent Note - 12/24/2024 1:59:29 PM
Y - Negated the prior breakout promptly and slumped well below its 50 DMA line raising concerns with big volume-driven losses. A rebound above the 50 DMA line ($192) is needed for its outlook to improve. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain for New High Triggered Technical Buy Signal - 12/17/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I |
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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***
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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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