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AFTER MARKET UPDATE - WEDNESDAY, JANUARY 29TH, 2025
Previous After Market Report Next After Market Report >>>
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DOW |
-136.83 |
44,713.52 |
-0.31% |
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Volume |
916,108,405 |
-6% |
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Volume |
6,604,371,400 |
-8% |
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NASDAQ |
-101.26 |
19,632.32 |
-0.51% |
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Advancers |
997 |
37% |
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Advancers |
1,812 |
42% |
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S&P 500 |
-28.39 |
6,039.31 |
-0.47% |
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Decliners |
1,701 |
63% |
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Decliners |
2,498 |
58% |
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Russell 2000 |
-5.77 |
2,283.10 |
-0.25% |
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52 Wk Highs |
107 |
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52 Wk Highs |
95 |
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S&P 600 |
-5.78 |
1,444.83 |
-0.40% |
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52 Wk Lows |
36 |
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52 Wk Lows |
121 |
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Major Indices Pulled Back with Lighter Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 closed 0.5% lower, the Nasdaq Composite declined 0.5%, and the Dow Jones Industrial Average logged a 0.3% decline. Volume totals reported were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by more than a 3-2 margin on the NYSE and by 4-3 at the Nasdaq exchange. There were 58 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus 53 on the prior session. New 52-week highs totals outnumbered new 52-week lows on the NYSE, however new lows still outnumbered new highs on the Nasdaq exchange. The major indices shook off recent pressure (M criteria) as leadership improved meaningfully, however healthy leadership remains necessary in order to avoid a more worrisome correction. Disciplined investors know to only buy stocks meeting all key criteria as they emerge from properly formed bases.
PICTURED: The S&P 500 Index has been holding its ground after abruptly pulling back testing its 50-day moving average (DMA) line.
The FOMC voted unanimously to leave the target range for the fed funds rate unchanged at 4.25-4.50%, which was widely expected by the market. The language of the directive changed to exclude the line that "Inflation has made progress toward the Committee's 2 percent objective." Instead, the January directive said that "Inflation remains somewhat elevated."
The 2-yr note yield, which is most sensitive to changes in the fed funds rate, settled two basis points higher at 4.23% and the 10-yr yield was unchanged at 4.56%.
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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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Broker/Dealer and Gold & Silver Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +0.66%) posted a gain and the Bank Index ($BKX +0.03%) finished flat while the Retail Index ($RLX -0.53%) edged lower. The tech sector was indecisive as the Networking Index ($NWX -0.10%) and the Biotech Index ($BTK -0.56%) ended lower while the Semiconductor Index ($SOX +0.23%) posted a small gain. Commodity-linked groups were mixed as the Gold & Silver Index ($XAU +0.76%) and the Integrated Oil Index ($XOI +0.41%) both posted small gains while the Oil Services Index ($OSX -0.38%) ended lower.
PICTURED: The Bank Index ($BKX -0.08%) is perched at its all-time high after rebounding and making steady progress above its 50-day moving average (DMA) line.
| Oil Services |
$OSX |
73.11 |
-0.28 |
-0.38% |
+0.70% |
| Integrated Oil |
$XOI |
1,873.21 |
+7.68 |
+0.41% |
+6.22% |
| Semiconductor |
$SOX |
4,918.10 |
+11.07 |
+0.23% |
-1.24% |
| Networking |
$NWX |
1,264.93 |
-1.27 |
-0.10% |
+1.31% |
| Broker/Dealer |
$XBD |
899.45 |
+5.94 |
+0.66% |
+11.68% |
| Retail Index |
$RLX |
5,506.12 |
-29.52 |
-0.53% |
+6.41% |
| Gold & Silver |
$XAU |
150.05 |
+1.14 |
+0.76% |
+9.38% |
| Bank |
$BKX |
138.19 |
+0.04 |
+0.03% |
+8.41% |
| Biotech |
$BTK |
6,206.41 |
-34.93 |
-0.56% |
+8.02% |
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Recent Gains Challenged 52-week High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
ResMed Medical-Products (RMD +$2.92 or +1.17% to $252.86) is consolidating after posting a solid volume-driven gain on Monday nearly challenging its 52-week high. It faces very little near-term resistance due to overhead supply up to the $260 level. Its Relative Strength Rating is 79, just below the 80+ minimum guideline for buy candidates.
RMD was highlighted in yellow in the 10/25/24 mid-day report (read here) with pivot point cited based on its 9/09/24 high plus 10 cents after it gapped up hitting new multi-year highs. Although it triggered a triggered a technical buy signal, the very next day's loss and close back below the pivot point promptly negated the breakout raising concerns. It was last shown in this FSU section on 11/18/24 with an annotated graph under the headline, "Recent Slump Below 50-Day Moving Average Raised Concerns". Confirming gains for new highs would be a reassuring signing of fresh institutional buying demand that could lead to a sustained and meaningful advance.
RMD has a 96 Earnings Per Share Rating, well above the 80+ minimum guideline for buy candidates. It reported earnings +34% on +31% sales revenues for the Sep '24 quarter versus the year-ago period, marking its 3rd strong comparison above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been steady.
The number of top-rated funds owning its shares rose from 1,739 in Dec '23 to 2,049 in Dec '24, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. |
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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 |
TXRH
-
NASDAQ
Texas Roadhouse Inc
LEISURE - Restaurants
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$182.04
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+1.13
0.62% |
$183.53
|
7,132
2.07% of 50 DAV
50 DAV is 344,000
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$206.04
-11.65%
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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 - 1/27/2025 6:43:10 PM
G - Posted again today with +34% above average volume, finding support above its 200 DMA line ($174.70). Lingering below its 50 DMA line ($188) in recent weeks, a rebound above that important short-term average is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Lingering Below 50-Day Moving Average Line - 1/23/2025 |
View all notes |
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Company Profile |
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News |
Chart |
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C
A
S
I |
HWM
-
NYSE
Howmet Aerospace
Aerospace/Defense
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$126.36
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-0.05
-0.04% |
$127.15
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1,876,400
74.85% of 50 DAV
50 DAV is 2,507,000
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$129.10
-2.12%
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1/8/2025
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$115.05
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PP = $120.81
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MB = $126.85
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Most Recent Note - 1/28/2025 5:15:08 PM
Y - Posted a gain today with above average volume, consolidating near its all-time high. Recent volume-driven gains above the pivot point triggered a new (or add-on) technical buy signal. Near-term support to watch is the prior high ($120.71 on 1/06/25) and its 50 DMA line ($116). 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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$43.92
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+1.88
4.47% |
$44.45
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120,586
105.78% of 50 DAV
50 DAV is 114,000
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$47.57
-7.67%
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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 - 1/29/2025 6:12:20 PM
G - Posted a 3rd consecutive gain today with average volume. Found support recently at its 50 DMA line ($40.88). More damaging losses would raise serious concerns and trigger a worrisome technical sell signal. 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 |
CLS
-
NYSE
Celestica
Elec-Contract Mfg
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$100.49
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+6.01
6.36% |
$102.61
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7,177,002
267.70% of 50 DAV
50 DAV is 2,681,000
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$131.23
-23.42%
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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 - 1/29/2025 6:09:27 PM
G - Gapped up today rebounding above its 50 DMA line ($96) helping its technical stance and outlook to improve. Faces near-term resistance due to overhead supply up to the $131 level.
>>> FEATURED STOCK ARTICLE : New High After 6th Consecutive Gain - 1/22/2025 |
View all notes |
Set NEW NOTE alert |
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News |
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C
A
S
I |
RMD
-
NYSE
Resmed Inc
HEALTH SERVICES - Medical Appliances and Equipment
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$252.86
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+2.92
1.17% |
$253.50
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7,835
2.28% of 50 DAV
50 DAV is 344,000
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$260.49
-2.93%
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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 - 1/29/2025 6:43:55 PM
Y - Consolidating after a solid volume-driven gain on Monday nearly challenged its 52-week high. Faces very little near-term resistance due to overhead supply up to the $260 level. Its Relative Strength Rating is 79, below the 80+ minimum guideline for buy candidates. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Recent Gains Challenged 52-week High - 1/29/2025 |
View all notes |
Set NEW NOTE alert |
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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 |
ATGE
-
NYSE
Adtalem Global Education
Consumer Svcs-Education
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$99.86
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+1.83
1.87% |
$100.24
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349,113
93.60% of 50 DAV
50 DAV is 373,000
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$100.54
-0.68%
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12/31/2024
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$91.50
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PP = $93.03
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MB = $97.68
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Most Recent Note - 1/27/2025 6:30:50 PM
G - Pulled back today with near average volume, retreating after wedging to new all-time highs above its "max buy" level. It did not produce gains above its pivot point with heavy enough volume to trigger a proper new (or add-on) technical buy signal. Its 50 DMA line ($91.72) defines initial support to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Hovering Near High With Volume Totals Cooling - 12/4/2024 |
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C
A
S
I |
ATAT
-
NASDAQ
Atour Lifestyle Hldgs ADR
Leisure-Lodging
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$27.31
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-0.18
-0.65% |
$28.21
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471,164
38.49% of 50 DAV
50 DAV is 1,224,000
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$29.90
-8.66%
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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 - 1/28/2025 5:16:43 PM
Y - Posted a small gain today with below average volume. Consolidating after a rebound above its 50 DMA line ($26.52) helped its outlook to improve.
>>> FEATURED STOCK ARTICLE : Volume Above Average Behind Breakout Gain - 12/9/2024 |
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News |
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C
A
S
I |
LRN
-
NYSE
Stride
Consumer Svcs-Education
|
$127.87
|
+7.23
5.99% |
$132.88
|
1,916,405
270.30% of 50 DAV
50 DAV is 709,000
|
$121.40
5.33%
|
1/10/2025
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$114.31
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PP = $112.90
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MB = $118.55
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Most Recent Note - 1/29/2025 12:43:07 PM
G - Gapped up today hitting a new all-time high, getting very extended from any sound base. Fundamentals remain strong after reporting Dec '24 quarterly earnings +32% on +16% sales revenues versus the year-ago period. Prior high ($112.80 on 12/04/24) defines near-term support above its 50 DMA line ($108.67).
>>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure Amid Broader Weakness - 1/10/2025 |
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C
A
S
I |
HUBS
-
NYSE
HubSpot
Comp Sftwr-Spec Enterprs
|
$777.79
|
-16.78
-2.11% |
$793.27
|
598,587
134.51% of 50 DAV
50 DAV is 445,000
|
$811.79
-4.19%
|
1/27/2025
|
$768.96
|
PP = $762.57
|
|
MB = $800.70
|
Most Recent Note - 1/28/2025 5:10:18 PM
Y - Hit a new 52-week high with today's 2nd consecutive gain backed by +103% above average volume triggering a technical buy signal. Color code was changed to yellow when highlighted in the prior mid-day report with new pivot point cited based on its 12/04/24 high plus 10 cents, rallying from support near its 50 DMA line ($717). It was noted - "A gain and strong close above the pivot point may clinch a technical buy signal. Fundamentals remain strong. It went through a deep consolidation and rebounded since dropped from the Featured Stocks list when last noted on 5/02/24." See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Breakout Backed by Volume Twice the Average Daily - 1/28/2025 |
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C
A
S
I |
NOW
-
NYSE
ServiceNow
Computer Sftwr-Enterprse
|
$1,143.63
|
-26.76
-2.29% |
$1,170.39
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2,442,584
194.47% of 50 DAV
50 DAV is 1,256,000
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$1,198.09
-4.55%
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1/27/2025
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$771.75
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PP = $1,158.00
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MB = $1,215.90
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Most Recent Note - 1/29/2025 12:46:45 PM
Y - Pulling back today after hitting yet another new all-time high on the prior session while adding to a spurt of volume-driven gains. Due to report Dec '24 quarterly results after the close on 1/29/25. Keep in mind that volume and volatility often increase near earnings news. Color code was changed to yellow with new pivot point cited based on its 12/04/24 high plus 10 cents after a short flat base. Found prompt support after briefly undercutting its 50 DMA line ($1,079). A gain and strong close above the pivot point backed by at least +40% above average volume may clinch a new (or add-on) technical buy signal. Fundamentals remain strong after it reported Sep '24 quarterly earnings +27% on +22% sales revenues versus the year-ago period. It was dropped from the Featured Stocks list on 4/19/24.
>>> FEATURED STOCK ARTICLE : Hit New High but Ended Session Below the New Pivot Point Cited - 1/27/2025 |
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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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