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AFTER MARKET UPDATE - THURSDAY, SEPTEMBER 7TH, 2023
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DOW |
+57.54 |
34,500.73 |
+0.17% |
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Volume |
918,910,912 |
+17% |
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Volume |
4,447,178,200 |
+3% |
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NASDAQ |
-123.64 |
13,748.83 |
-0.89% |
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Advancers |
1,007 |
35% |
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Advancers |
1,491 |
35% |
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S&P 500 |
-14.34 |
4,451.14 |
-0.32% |
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Decliners |
1,849 |
65% |
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Decliners |
2,816 |
65% |
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Russell 2000 |
-18.52 |
1,855.76 |
-0.99% |
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52 Wk Highs |
35 |
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52 Wk Highs |
38 |
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S&P 600 |
-9.83 |
1,190.03 |
-0.82% |
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52 Wk Lows |
111 |
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52 Wk Lows |
274 |
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Breadth Positive and Leadership Improved
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow Jones Industrial Average closed with a slim gain while the S&P 500, Nasdaq Composite, and Russell 2000 declined 0.3%, 0.9%, and 1.0%, respectively. Volume totals reported were higher than the prior session on the NYSE and on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 9-5 margin on the NYSE and by almost a 2-1 margin on the Nasdaq exchange. There were 18 high-ranked companies from the Leaders List that hit a new 52-week high and were listed on the BreakOuts Page versus the total of 8 on the prior session. New 52-week lows totals expanded and solidly outnumbered new 52-week highs totals on both the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria).
PICTURED: The Dow Jones Industrial Average churned higher volume but remains below its 50-day moving average (DMA) line.
Apple (AAPL -2.92%) fell and weighed on the broader market. The ongoing weakness followed a Bloomberg report that China is aiming to broaden its iPhone ban to state and federal agencies. That sent semiconductor stocks lower as well, leading to a 2.0% loss in the PHLX Semiconductor Index. And the conseuence was that the S&P 500 information technology sector (-1.6%) saw the largest decline. Meanwhile, the utilities sector (+1.3%) closed at the top of the leaderboard.
The 2-yr note yield settled at 4.96%. The 10-yr note yield settled at 4.26%. WTI crude oil futures fell 0.7% to $86.97/bbl, breaking a nine-day winning streak.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail Index Rose While Financial and Tech Indexes Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -1.22%) and the Broker/Dealer Index ($XBD -0.52%) both lost ground, meanwhile the Retail Index ($RLX +1.30%) posted a standout gain. The Semiconductor Index ($SOX -1.98%) and the Networking Index ($NWX -1.95%) led the Biotech Index ($BTK -0.44%) lower. The Gold & Silver Index ($XAU -0.75%) edged lower. The Oil Services Index ($OSX -0.12%) and the Integrated Oil Index ($XOI -0.05%) both were little changed.
PICTURED: The Biotech Index ($BTK -0.44%) fell below its 50-day moving average (DMA) line toward prior lows.
| Oil Services |
$OSX |
96.24 |
-0.12 |
-0.12% |
+14.76% |
| Integrated Oil |
$XOI |
1,930.87 |
-0.94 |
-0.05% |
+8.04% |
| Semiconductor |
$SOX |
3,582.11 |
-72.35 |
-1.98% |
+41.47% |
| Networking |
$NWX |
785.74 |
-15.59 |
-1.95% |
+0.31% |
| Broker/Dealer |
$XBD |
496.51 |
-2.60 |
-0.52% |
+10.55% |
| Retail |
$RLX |
3,624.79 |
+46.48 |
+1.30% |
+31.62% |
| Gold & Silver |
$XAU |
113.20 |
-0.85 |
-0.75% |
-6.34% |
| Bank |
$BKX |
79.51 |
-0.98 |
-1.22% |
-21.16% |
| Biotech |
$BTK |
5,210.88 |
-22.80 |
-0.44% |
-1.33% |
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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***
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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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