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AFTER MARKET UPDATE - MONDAY, SEPTEMBER 9TH, 2024
Previous After Market Report Next After Market Report >>>
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DOW |
+484.18 |
40,829.59 |
+1.20% |
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Volume |
944,969,230 |
+1% |
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Volume |
5,183,635,900 |
-9% |
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NASDAQ |
+193.77 |
16,884.60 |
+1.16% |
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Advancers |
1,790 |
66% |
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Advancers |
2,538 |
60% |
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S&P 500 |
+62.63 |
5,471.05 |
+1.16% |
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Decliners |
932 |
34% |
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Decliners |
1,661 |
40% |
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Russell 2000 |
+6.37 |
2,097.78 |
+0.30% |
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52 Wk Highs |
164 |
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52 Wk Highs |
82 |
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S&P 600 |
-3.33 |
1,334.95 |
-0.25% |
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52 Wk Lows |
83 |
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52 Wk Lows |
185 |
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Major Indices Posted Solid Gains With Positive Breadth
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow Jones Industrial Average (+1.2%) bounced nearly 500 points, the Nasdaq Composite (+1.2%) logged a roughly 200 point gain, and the S&P 500 (+1.2%) jumped more than 60 points. Volume reported was mixed, higher than the prior session total on the NYSE and lighter on the Nasdaq exchange. Breadth was positive as advancers led decliners by almost a 2-1 margin on the NYSE and 5-3 on the Nasdaq exchange. Leadership improved as there were 27 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus 14 on the prior session. New 52-week highs totals outnumbered new 52-week lows on the NYSE but new lows outnumbered new highs on the Nasdaq exchange for a fourth consecutive session. The major indices are in a confirmed uptrend (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 Dow Jones Industrial Average is consolidating above its 50-day moving average (DMA) line after recently recovering and rising to a new all-time high.
All 11 S&P 500 sectors logged a gain and seven of them were higher by +1.0% or more. The communication services sector registered the slimmest gain due to the price action in Alphabet while the consumer discretionary (+1.6%) and information technology (+1.4%) sectors closed near the top of the leaderboard.
Alphabet (GOOG -1.57%) created a drag after the start of Google's antitrust trial. Apple (AAPL +0.04%) finished flat after trading down as much as -1.8% earlier, as it unveiled new iPhones and other products at the "It's Glowtime" event.
Treasuries settled mixed as the 10-yr note yield settled one basis point lower at 3.70% and the 2-yr note yield settled two basis points higher at 3.67%. |
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, Financial, Tech, and Gold & Silver Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.84%), Bank Index ($BKX +1.81%), and Broker/Dealer Index ($XBD +1.01%) each finished with a solid gain on Monday's widely positive session. The Semiconductor Index ($SOX +2.15%) led the tech sector as it outpaced the Networking Index ($NWX +1.85%), and the Biotech Index ($BTK +0.98%) posted a smaller gain. The Gold & Silver Index ($XAU +1.11%) posted a solid gain while there were only slight gains from the Oil Services Index ($OSX +0.12%) and the Integrated Oil Index ($XOI +0.26%).
PICTURED: The Retail Index ($RLX +1.84%) recently met resistance at its 50-day moving average (DMA) line and has been consolidating above its 200 DMA line. Subsequent gains above the 50 DMA line at recent highs would help the broader market outlook to improve.
| Oil Services |
$OSX |
74.40 |
+0.09 |
+0.12% |
-11.30% |
| Integrated Oil |
$XOI |
1,870.03 |
+4.77 |
+0.26% |
+0.41% |
| Semiconductor |
$SOX |
4,625.78 |
+97.57 |
+2.15% |
+10.78% |
| Networking |
$NWX |
995.01 |
+18.11 |
+1.85% |
+19.48% |
| Broker/Dealer |
$XBD |
662.90 |
+6.62 |
+1.01% |
+18.95% |
| Retail |
$RLX |
4,396.76 |
+79.34 |
+1.84% |
+13.06% |
| Gold & Silver |
$XAU |
145.37 |
+1.60 |
+1.11% |
+15.65% |
| Bank |
$BKX |
111.57 |
+1.99 |
+1.81% |
+16.20% |
| Biotech |
$BTK |
5,717.15 |
+55.34 |
+0.98% |
+5.51% |
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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 | $76.71 | +0.07
0.09% | $77.65 | 52,347
67.98% of 50 DAV
50 DAV is 77,000 | $87.13
-11.96%
| 6/18/2024 | $71.26 | PP = $75.77 | | MB = $79.56 |  Most Recent Note - 9/9/2024 5:21:36 PM
G - Posted a 4th consecutive small gain today but it is still lingering just below its 50 DMA line ($77.23). More damaging losses would raise serious concerns. Near-term resistance remains due to overhead supply up to the $87 level.
>>> FEATURED STOCK ARTICLE : US Lime & Minerals Lingers Below 50-Day Average - 9/6/2024 | 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 | $71.88 | +0.49
0.69% | $72.57 | 373,965
53.89% of 50 DAV
50 DAV is 694,000 | $75.36
-4.62%
| 6/11/2024 | $59.76 | PP = $64.33 | | MB = $67.55 | Most Recent Note - 9/9/2024 5:19:08 PM
G - Volume was light behind today''s small gain, consolidating near its all-time high. Its 50 DMA line ($67.90) defines inital support to watch on pullbacks above prior highs in the $64 area.
>>> FEATURED STOCK ARTICLE : Granite Contruction Closes at All-Time High - 8/30/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | MMYT - NASDAQ
MakeMyTrip
Leisure-Travel Booking | $93.82 | +0.42
0.45% | $95.16 | 410,964
60.44% of 50 DAV
50 DAV is 680,000 | $101.50
-7.57%
| 7/23/2024 | $96.92 | PP = $93.39 | | MB = $98.06 | Most Recent Note - 9/6/2024 1:49:39 PM
Y - Today''s loss is again testing support near its 50 DMA line ($91.44). Faces near-term resistance up to the $100 level.
>>> FEATURED STOCK ARTICLE : Reversed Into Red After Quietly Touching a New High - 8/26/2024 | 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 | $161.26 | -0.55
-0.34% | $163.41 | 765,603
100.08% of 50 DAV
50 DAV is 765,000 | $177.72
-9.26%
| 7/26/2024 | $173.08 | PP = $175.82 | | MB = $184.61 | Most Recent Note - 9/9/2024 5:20:33 PM
G - Pulled back for a 3rd consecutive loss today with average volume, sputtering below its 50 DMA line ($168.58) which is now downward sloping and has acted as resistance. A rebound above the 50 DMA line is needed for its outlook to improve.
>>> FEATURED STOCK ARTICLE : Meeting Stubborn Resistance at 50-Day Moving Average - 8/27/2024 | 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 | $93.69 | +2.25
2.46% | $94.62 | 1,803,387
62.21% of 50 DAV
50 DAV is 2,899,000 | $98.15
-4.54%
| 7/30/2024 | $93.95 | PP = $85.52 | | MB = $89.80 | Most Recent Note - 9/9/2024 5:29:45 PM
G - Posted a big gain today with lighter volume after recent losses backed by higher volume. Its 50 DMA ($88) line defines important near-term support above prior highs in the $85 area.
>>> FEATURED STOCK ARTICLE : Holding Ground Near All-Time High After Pullback Testing Support - 8/29/2024 | 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 | MELI - NASDAQ
MercadoLibre
Retail-Internet | $2,029.91 | +43.86
2.21% | $2,035.88 | 228,670
72.59% of 50 DAV
50 DAV is 315,000 | $2,064.76
-1.69%
| 8/5/2024 | $1,793.73 | PP = $1,792.15 | | MB = $1,881.76 | Most Recent Note - 9/9/2024 5:22:40 PM
G - Posted a solid gain today with lighter volume, still hovering in a tight range near its all-time high. Its 50 DMA line ($1,815) and prior highs define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pulled Back From New All-Time High - 9/3/2024 | 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 | $26.32 | -0.07
-0.27% | $26.89 | 64,934
76.39% of 50 DAV
50 DAV is 85,000 | $28.31
-7.03%
| 9/5/2024 | $27.91 | PP = $27.60 | | MB = $28.98 | Most Recent Note - 9/6/2024 1:44:27 PM
Y - Pulling back today with lighter volume following a volume-driven gain. Color code was changed to yellow in the prior mid-day report as a valid secondary buy point was noted up to 5% above the prior high since finding support near its 10 WMA line after an earlier breakout. Reported earnings +29% on +10% sales revenues for the Jun '24 quarter versus the year ago period, its 5th consecutive strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been steady. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Following Pullback a Secondary Buy Point Exists - 9/5/2024 | 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***
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 |
USLM
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NASDAQ
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag
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$76.64
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+0.37
0.49% |
$77.18
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56,491
72.42% of 50 DAV
50 DAV is 78,000
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$87.13
-12.04%
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6/18/2024
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$71.26
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PP = $75.77
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MB = $79.56
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Most Recent Note - 9/3/2024 3:28:29 PM
G - Pulling back today for a big loss testing its 50 DMA line ($76.86). More damaging losses would raise serious concerns. Near-term resistance remains due to overhead supply up to the $87 level.
>>> FEATURED STOCK ARTICLE : US Lime & Minerals Lingers Below 50-Day Average - 9/6/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
GVA
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NYSE
Granite Construction
Bldg-Heavy Construction
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$71.39
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-0.63
-0.87% |
$72.99
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461,798
66.83% of 50 DAV
50 DAV is 691,000
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$75.36
-5.27%
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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 - 9/3/2024 3:32:39 PM
G - Volume is light behind today's loss, slumping from its all-time high. Its 50 DMA line ($67.11) defines inital support to watch on pullbacks above prior highs in the $64 area.
>>> FEATURED STOCK ARTICLE : Granite Contruction Closes at All-Time High - 8/30/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
MMYT
-
NASDAQ
MakeMyTrip
Leisure-Travel Booking
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$93.40
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-0.36
-0.38% |
$94.50
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575,864
84.69% of 50 DAV
50 DAV is 680,000
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$101.50
-7.98%
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7/23/2024
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$96.92
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PP = $93.39
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MB = $98.06
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Most Recent Note - 9/6/2024 1:49:39 PM
Y - Today's loss is again testing support near its 50 DMA line ($91.44). Faces near-term resistance up to the $100 level.
>>> FEATURED STOCK ARTICLE : Reversed Into Red After Quietly Touching a New High - 8/26/2024 |
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
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$161.81
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-3.43
-2.08% |
$167.25
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611,031
79.98% of 50 DAV
50 DAV is 764,000
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$177.72
-8.95%
|
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 - 9/3/2024 3:35:48 PM
G - Pulling back today with below-average volume, sputtering below its 50 DMA line ($169.23) which is now downward sloping and has acted as resistance.
>>> FEATURED STOCK ARTICLE : Meeting Stubborn Resistance at 50-Day Moving Average - 8/27/2024 |
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
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$91.44
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-2.77
-2.94% |
$94.15
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4,136,985
144.35% of 50 DAV
50 DAV is 2,866,000
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$98.15
-6.84%
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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 - 9/6/2024 1:46:58 PM
G - Pulling back from its 52-week high with recent losses backed by higher (near average) volume after a quiet consolidation. Its 50 DMA ($87.78) and prior highs in the $85 area define important near-term support.
>>> FEATURED STOCK ARTICLE : Holding Ground Near All-Time High After Pullback Testing Support - 8/29/2024 |
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 |
MELI
-
NASDAQ
MercadoLibre
Retail-Internet
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$1,986.05
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-52.13
-2.56% |
$2,034.85
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304,456
96.65% of 50 DAV
50 DAV is 315,000
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$2,064.76
-3.81%
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8/5/2024
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$1,793.73
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PP = $1,792.15
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MB = $1,881.76
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Most Recent Note - 9/6/2024 1:48:31 PM
G - Pulling back today with lighter volume after hovering near its all-time high. Its 50 DMA line ($1,807) and prior highs define support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pulled Back From New All-Time High - 9/3/2024 |
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
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$26.39
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-1.08
-3.93% |
$27.72
|
69,177
81.38% of 50 DAV
50 DAV is 85,000
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$28.31
-6.78%
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9/5/2024
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$27.91
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PP = $27.60
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MB = $28.98
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Most Recent Note - 9/6/2024 1:44:27 PM
Y - Pulling back today with lighter volume following a volume-driven gain. Color code was changed to yellow in the prior mid-day report as a valid secondary buy point was noted up to 5% above the prior high since finding support near its 10 WMA line after an earlier breakout. Reported earnings +29% on +10% sales revenues for the Jun '24 quarter versus the year ago period, its 5th consecutive strong quarter above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been steady. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Following Pullback a Secondary Buy Point Exists - 9/5/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
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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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