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AFTER MARKET UPDATE - FRIDAY, SEPTEMBER 20TH, 2024
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DOW |
+38.17 |
42,603.36 |
+0.09% |
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Volume |
4,037,254,100 |
+286% |
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Volume |
10,425,414,200 |
+87% |
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NASDAQ |
-65.66 |
17,948.32 |
-0.36% |
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Advancers |
955 |
35% |
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Advancers |
1,484 |
35% |
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S&P 500 |
-11.09 |
5,702.55 |
-0.19% |
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Decliners |
1,761 |
65% |
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Decliners |
2,722 |
65% |
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Russell 2000 |
-24.82 |
2,227.89 |
-1.10% |
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52 Wk Highs |
242 |
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52 Wk Highs |
181 |
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S&P 600 |
-14.94 |
1,415.08 |
-1.04% |
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52 Wk Lows |
18 |
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52 Wk Lows |
121 |
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Leadership Thinned as Major Indices Ended Mixed
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow Jones Industrial Average reached a fresh all-time high, closing +0.1% higher. The S&P 500 (-0.2%) and Nasdaq Composite (-0.4%) each lost ground. The Russell 2000 lagged with a loss of -1.1%. Due to options expirations the volume reported was much higher than the prior session totals on the NYSE and lighter on the Nasdaq exchange . Breadth was negative as decliners led advancers by almost a 2-1 margin on the NYSE and on the Nasdaq exchange. There were 81 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 145 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. 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 S&P 500 Index ended lower on Friday, pulling back from a new all-time high.
NIKE (NKE +6.84%) rose after announcing that Elliott Hill will become President and CEO, effective October 14, 2024. Intel (INTC +3.31%) rose on news that Qualcomm (QCOM -2.87%) is interested in a takeover deal, according to The Wall Street Journal.
The best performing sector was utilities (+2.7%), benefitting from a big move up in Constellation Energy (CEG +22.29%) as it announced a 20-year power purchase agreement with Microsoft that will include the restart of Three Mile Island Unit 1. The S&P 500 information technology sector fell (-0.5%). None of the sectors moved more than 0.7% in either direction. |
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 and Semiconductor Indexes Led Decliners
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -0.87%) and the Bank Index ($BKX -0.48%) lost ground while the Retail Index ($RLX +0.44%) posted a small gain. The tech sector was mixed as the Semiconductor Index ($SOX -1.31%) and the Biotech Index ($BTK -0.67%) lost ground while the Networking Index ($NWX +0.89%) posted a small gain. The Gold & Silver Index ($XAU +1.49%) posted a solid gain. The Oil Services Index ($OSX +0.19%) inched higher while the Integrated Oil Index ($XOI -0.63%) edged lower.
PICTURED: The Gold & Silver Index ($XAU +1.49%) posted a gain for its best close while perched near its 2024 high.
| Oil Services |
$OSX |
79.08 |
+0.15 |
+0.19% |
-5.73% |
| Integrated Oil |
$XOI |
1,907.04 |
-12.03 |
-0.63% |
+2.39% |
| Semiconductor |
$SOX |
5,000.06 |
-66.58 |
-1.31% |
+19.75% |
| Networking |
$NWX |
1,124.25 |
+9.95 |
+0.89% |
+34.99% |
| Broker/Dealer |
$XBD |
690.12 |
-6.09 |
-0.87% |
+23.84% |
| Retail |
$RLX |
4,711.04 |
+20.65 |
+0.44% |
+21.14% |
| Gold & Silver |
$XAU |
161.11 |
+2.36 |
+1.49% |
+28.18% |
| Bank |
$BKX |
114.96 |
-0.55 |
-0.48% |
+19.72% |
| Biotech |
$BTK |
5,910.09 |
-39.86 |
-0.67% |
+9.07% |
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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***
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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$95.44
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+6.18
6.92% |
$95.84
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82,349
112.81% of 50 DAV
50 DAV is 73,000
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$87.95
8.52%
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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 - 9/19/2024 2:45:02 PM
G - Hitting another new all-time high with today's 12th consecutive gain backed by below-average volume. New pivot point was cited based on its 8/01/24 high plus 10 cents. Color code is changed to green after rising above its "max buy" level.
>>> FEATURED STOCK ARTICLE : US Lime & Minerals Lingers Below 50-Day Average - 9/6/2024 |
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News |
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C
A
S
I |
GVA
-
NYSE
Granite Construction
Bldg-Heavy Construction
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$80.33
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+2.83
3.65% |
$80.61
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1,702,232
252.18% of 50 DAV
50 DAV is 675,000
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$78.62
2.18%
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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 - 9/19/2024 1:12:09 PM
G - Hitting another new all-time high with today's big volume-driven gain. Its recent low and 50 DMA line coincide in the $70 area defining important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Granite Contruction Closes at All-Time High - 8/30/2024 |
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C
A
S
I |
MMYT
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NASDAQ
MakeMyTrip
Leisure-Travel Booking
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$106.91
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+1.15
1.09% |
$108.90
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354,011
52.68% of 50 DAV
50 DAV is 672,000
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$105.79
1.06%
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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 - 9/18/2024 9:01:36 PM
G - Posted an 8th consecutive gain today with below-average volume hitting yet another new 52-week high. Recently retested support near its 50 DMA line ($93.76).
>>> FEATURED STOCK ARTICLE : New High After Finding Prompt Support Near 50-Day Moving Average - 9/12/2024 |
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C
A
S
I |
TXRH
-
NASDAQ
Texas Roadhouse
Retail-Restaurants
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$172.49
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+9.38
5.75% |
$172.64
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1,220,463
162.95% of 50 DAV
50 DAV is 749,000
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$177.72
-2.94%
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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 - 9/19/2024 2:43:21 PM
Y - Color code is changed to yellow with today's big gain and rebound above the 50 DMA line ($167.77) helping its outlook to improve. Faces some resistance due to overhead supply up to the $177 level.
>>> FEATURED STOCK ARTICLE : Meeting Stubborn Resistance at 50-Day Moving Average - 8/27/2024 |
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News |
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C
A
S
I |
HWM
-
NYSE
Howmet Aerospace
Aerospace/Defense
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$97.43
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+2.75
2.90% |
$97.52
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2,357,844
84.94% of 50 DAV
50 DAV is 2,776,000
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$98.15
-0.73%
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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 - 9/18/2024 8:57:47 PM
G - Volume totals have been cooling while consolidating in a tight range near its high. Its 50 DMA ($90.26) line defines important near-term support.
>>> FEATURED STOCK ARTICLE : Holding Ground Near All-Time High After Pullback Testing Support - 8/29/2024 |
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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 |
MELI
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NASDAQ
MercadoLibre
Retail-Internet
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$2,109.40
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+6.76
0.32% |
$2,157.64
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352,625
111.94% of 50 DAV
50 DAV is 315,000
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$2,143.96
-1.61%
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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 - 9/18/2024 8:59:09 PM
G - Volume totals have been cooling while hovering near its all-time high. Its 50 DMA line ($1,877) defines support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pulled Back From New All-Time High - 9/3/2024 |
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C
A
S
I |
NGVC
-
NYSE
Natural Grocers
Retail-Super/Mini Mkts
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$29.25
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-0.04
-0.14% |
$29.90
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92,491
117.08% of 50 DAV
50 DAV is 79,000
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$29.74
-1.65%
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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 - 9/19/2024 2:48:09 PM
G - Hovering at its 52-week high, the color code is changed to green after rising above its "max buy" level. Prior high in the $27 area defines initial support to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Following Pullback a Secondary Buy Point Exists - 9/5/2024 |
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News |
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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.
This report is a service available
only to active Paid Premium Members.
You may opt-out of receiving report notifications
at any time. Questions or comments may be submitted
by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307
or 954-785-1121.
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