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AFTER MARKET UPDATE - WEDNESDAY, OCTOBER 11TH, 2023
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DOW |
+65.57 |
33,804.87 |
+0.19% |
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Volume |
810,167,624 |
-4% |
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Volume |
4,185,955,300 |
-4% |
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NASDAQ |
+96.83 |
13,659.68 |
+0.71% |
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Advancers |
1,725 |
61% |
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Advancers |
1,934 |
45% |
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S&P 500 |
+18.71 |
4,376.95 |
+0.43% |
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Decliners |
1,082 |
39% |
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Decliners |
2,331 |
55% |
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Russell 2000 |
-2.65 |
1,773.30 |
-0.15% |
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52 Wk Highs |
32 |
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52 Wk Highs |
53 |
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S&P 600 |
+1.87 |
1,147.79 |
+0.16% |
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52 Wk Lows |
50 |
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52 Wk Lows |
211 |
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Major Indices Ended Choppy Session Higher
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Wednesday's choppy session ended with the Dow Industrials, S&P 500, and Nasdaq Composite all higher. The volume totals were lighter than the prior session on the NYSE and on the Nasdaq exchange, revealing lackluster buying demand from the institutional crowd. Advancers led decliners by more than a 3-2 margin on the NYSE but decliners led advancers by a narrow margin on the Nasdaq exchange. There were 37 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 34 on the prior session. New 52-week lows totals outnumbered new 52-week highs on the NYSE and on the Nasdaq exchange. The market averages are in an uptrend (M criteria). New buying efforts should be made only in stocks meeting all key criteria of the fact-based investment system.
PICTURED: The Nasdaq Composite Index posted a 4th consecutive gain, rebounding above its 50-day moving average (DMA) line.
Eight of the 11 S&P 500 sectors closed in positive territory. The real estate (+2.0%), utilities (+1.6%), communication services (+1.1%), and information technology (+1.0%) sectors all rose more than 1.0%. With a -2.5% drop in WTI crude oil futures to $83.75/bbl, the energy sector (-1.4%) was the worst performer. Exxon (XOM -3.6%) announced a $59.5 billion all-stock acquisition of Pioneer Natural Resources (PXD +1.4%). The consumer staples (-0.6%) and health care (-0.4%) sectors were also lower on the session.
Total PPI was up 0.5% month-over-month and core PPI, which excludes food and energy, was up 0.3% The 10-yr note yield declined seven basis points to 4.59% and the 2-yr note yield rose one basis point to 5.00%.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Gold & Silver, Retail, and Semiconductor Indexes Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +1.03%) rose while the Bank Index ($BKX -0.13%) and Broker/Dealer Index ($XBD -0.56%) both lost ground. The tech sector was led by the Semiconductor Index ($SOX +0.73%) while the Biotech Index ($BTK +0.36%) posted a smaller gain but the Networking Index ($NWX -0.95%) fell. The Gold & Silver Index ($XAU +2.03%) posted a solid gain while the the Oil Services Index ($OSX +0.65%) edged higher but the Integrated Oil Index ($XOI -0.45%) edged lower.
PICTURED: The Broker/Dealer Index ($XBD -0.56%) pulled back after 5 consecutive gains, consolidating between its 50-day and 200-day moving average lines.
| Oil Services |
$OSX |
93.89 |
+0.59 |
+0.63% |
+11.96% |
| Integrated Oil |
$XOI |
1,895.94 |
-8.65 |
-0.45% |
+6.08% |
| Semiconductor |
$SOX |
3,537.82 |
+25.75 |
+0.73% |
+39.72% |
| Networking |
$NWX |
722.12 |
-6.94 |
-0.95% |
-7.81% |
| Broker/Dealer |
$XBD |
484.49 |
-2.74 |
-0.56% |
+7.87% |
| Retail |
$RLX |
3,425.09 |
+35.07 |
+1.03% |
+24.37% |
| Gold & Silver |
$XAU |
112.08 |
+2.23 |
+2.03% |
-7.27% |
| Bank |
$BKX |
77.25 |
-0.10 |
-0.13% |
-23.40% |
| Biotech |
$BTK |
5,076.62 |
+18.38 |
+0.36% |
-3.87% |
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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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