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AFTER MARKET UPDATE - TUESDAY, DECEMBER 31ST, 2024
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DOW |
-361.56 |
42,630.65 |
-0.84% |
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Volume |
205,387,556 |
-49% |
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Volume |
4,775,557,700 |
-0% |
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NASDAQ |
-174.94 |
19,547.09 |
-0.89% |
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Advancers |
922 |
34% |
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Advancers |
1,361 |
31% |
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S&P 500 |
-48.32 |
5,922.52 |
-0.81% |
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Decliners |
1,823 |
66% |
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Decliners |
2,976 |
69% |
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Russell 2000 |
-16.71 |
2,227.89 |
-0.74% |
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52 Wk Highs |
13 |
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52 Wk Highs |
68 |
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S&P 600 |
-7.03 |
1,409.51 |
-0.50% |
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52 Wk Lows |
144 |
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52 Wk Lows |
140 |
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Major Indices Pulled Back Yet Ended 2024 With Solid Yearly Gains
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
On the final session of 2024 the Nasdaq Composite logged a -0.9% decline and the S&P 500 fell -0.4% and the Dow Jones Industrial declined -0.1% while the Russell 2000 outperformed, settling +0.1% higher.The volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 2-1 margin at the NYSE and by more than 2-1 at the Nasdaq exchange. Leadership remained thin as there was 1 high-ranked company from the Leaders List that hit a new 52-week high and was 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 S&P 500 Index has recently slumped below its 50-day moving average (DMA) line.
The information technology (-1.0%) and consumer discretionary (-1.0%) sectors were among the worst performers today, but logged solid gains in 2024. The information technology sector is 35.7% higher in 2024 and the consumer discretionary sector sits on a 29.1% gain.
The 10-yr yield settled two basis points higher for the day at 4.57%, 69 basis points higher for 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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Commodity-Linked Groups and Biotech Index Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -0.31%), Bank Index ($BKX -0.13%), and the Retail Index ($RLX -0.58%) each finished lower. The tech sector was mixed as the Semiconductor Index ($SOX -0.93%), Networking Index ($NWX -0.29%), while the Biotech Index ($BTK +0.55%) posted a smalll gain. Commodity-linked groups had a positive bias as the Oil Services Index ($OSX +1.63%) and the Integrated Oil Index ($XOI +1.79%) outpaced the Gold & Silver Index ($XAU +0.69%).
PICTURED: The Networking Index ($NWX -0.29%) is consolidating above its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
72.92 |
+1.48 |
+2.07% |
-13.07% |
| Integrated Oil |
$XOI |
1,761.65 |
+29.11 |
+1.68% |
-5.41% |
| Semiconductor |
$SOX |
4,992.07 |
-34.44 |
-0.69% |
+19.56% |
| Networking |
$NWX |
1,248.27 |
-3.96 |
-0.32% |
+49.89% |
| Broker/Dealer |
$XBD |
806.80 |
-1.07 |
-0.13% |
+44.77% |
| Retail Index |
$RLX |
5,174.45 |
-60.80 |
-1.16% |
+33.06% |
| Gold & Silver |
$XAU |
137.34 |
+1.10 |
+0.81% |
+9.27% |
| Bank |
$BKX |
127.40 |
-0.24 |
-0.19% |
+32.68% |
| Biotech |
$BTK |
5,739.65 |
+25.60 |
+0.45% |
+5.92% |
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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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$134.17
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-0.47
-0.35% |
$136.16
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26,763
25.25% of 50 DAV
50 DAV is 106,000
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$159.53
-15.90%
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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 - 12/31/2024 4:33:39 PM
G - Suffered a 3rd consecutive loss today with near-average volume, closing below its 50 DMA line ($134.85). The prior low ($128.86 on 12/20/24) defines near-term support where more damaging losses would raise concerns and trigger a more worrisome technical sell signal.
>>> 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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$87.65
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-0.99
-1.12% |
$89.56
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277,408
41.22% of 50 DAV
50 DAV is 673,000
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$105.20
-16.68%
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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 - 12/31/2024 4:24:09 PM
G - Still sputtering below its 50 DMA line ($92), and a rebound above that short-term average is needed for its outlook to improve. Encountering distributional pressure after a noted "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 |
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C
A
S
I |
TXRH
-
NASDAQ
Texas Roadhouse
Retail-Restaurants
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$180.28
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+0.09
0.05% |
$182.59
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283,811
39.86% of 50 DAV
50 DAV is 712,000
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$206.04
-12.50%
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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 - 12/31/2024 4:31:01 PM
G - Volume totals have been cooling while lingering below its 50 DMA line ($191). 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 |
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C
A
S
I |
HWM
-
NYSE
Howmet Aerospace
Aerospace/Defense
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$109.13
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-1.15
-1.04% |
$110.77
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697,539
29.62% of 50 DAV
50 DAV is 2,355,000
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$120.71
-9.59%
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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 - 12/31/2024 4:25:05 PM
G - Quietly sputtering below its 50 DMA line ($111) yet 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 |
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C
A
S
I |
NGVC
-
NYSE
Natural Grocers
Retail-Super/Mini Mkts
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$39.81
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+0.12
0.30% |
$40.94
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48,862
44.83% of 50 DAV
50 DAV is 109,000
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$47.57
-16.31%
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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 - 12/31/2024 4:25:57 PM
G - Consolidating above its 50 DMA line ($36.81) and still 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 |
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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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$92.00
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-1.83
-1.95% |
$94.18
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1,035,660
44.13% of 50 DAV
50 DAV is 2,347,000
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$100.51
-8.47%
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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 - 12/31/2024 4:20:52 PM
G - Pulled back today for a 3rd consecutive small loss. Volume totals have been cooling while hovering near its all-time high, very extended from any sound base. Its 50 DMA line ($84.20) 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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$32.65
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-0.66
-1.98% |
$33.43
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174,851
38.51% of 50 DAV
50 DAV is 454,000
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$38.94
-16.15%
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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 - 12/31/2024 4:27:22 PM
G - Consolidating above its 50 DMA line ($31.77) which defines important near-term support to watch. It has not yet formed a sound new base of sufficient length.
>>> 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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$229.41
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-0.09
-0.04% |
$232.10
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243,883
26.20% of 50 DAV
50 DAV is 931,000
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$260.49
-11.93%
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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 - 12/31/2024 4:28:06 PM
G - Ended down today with another small loss on light volume, still sputtering after recently shaking out below prior lows. A rebound above its 50 DMA line ($241.57) 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
|
$91.50
|
+1.37
1.52% |
$92.33
|
201,264
49.69% of 50 DAV
50 DAV is 405,000
|
$92.93
-1.54%
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12/31/2024
|
$91.50
|
PP = $93.03
|
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MB = $97.68
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Most Recent Note - 12/31/2024 4:19:35 PM
Y - Color code is changed to yellow with new pivot point based on its 11/06/24 high plus 10 cents. Still consolidating in an orderly fashion above its 50 DMA line ($86.43) which defines initial support above prior highs in the $80 area. Subsequent volume-driven gains above its pivot point may trigger a new (or add-on) technical buy signal. 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
|
$131.32
|
-1.80
-1.35% |
$133.06
|
570,670
68.43% of 50 DAV
50 DAV is 834,000
|
$141.69
-7.32%
|
11/19/2024
|
$134.41
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PP = $136.23
|
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MB = $143.04
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Most Recent Note - 12/31/2024 4:29:14 PM
G - Color code is changed to green after a loss today with average volume led to a close below its 50 DMA line ($131.94). 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
|
$26.81
|
+0.25
0.94% |
$26.98
|
540,061
42.49% of 50 DAV
50 DAV is 1,271,000
|
$29.90
-10.33%
|
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 - 12/31/2024 4:15:54 PM
Y - Pulled back after challenging the prior high, finding support near its 50 DMA line ($26.71). More damaging losses below the prior low ($25.68 on 12/30/24) would raise serious concerns.
>>> 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
|
$209.89
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-1.58
-0.75% |
$212.56
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451,896
38.77% of 50 DAV
50 DAV is 1,165,600
|
$258.93
-18.94%
|
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 - 12/31/2024 4:38:55 PM
It will be dropped from the Featured Stocks list tonight while slumping further below its 50 DMA line ($222.80) with a 5th consecutive loss. A rebound above the 50 DMA line is needed for its outlook to improve. Its Relative Strength Rating has slumped to 63, well below the 80+ minimum guideline for buy candidates. Fundamentals remain 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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$187.85
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+2.43
1.31% |
$189.81
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37,494
110.28% of 50 DAV
50 DAV is 34,000
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$210.70
-10.84%
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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 - 12/31/2024 4:22:19 PM
G - Color code is changed to green while lingering below its 50 DMA line. A rebound above the 50 DMA line ($191.66) 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 |
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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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