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AFTER MARKET UPDATE - THURSDAY, NOVEMBER 7TH, 2024
Previous After Market Report Next After Market Report >>>
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DOW |
-0.59 |
43,729.34 |
-0.00% |
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Volume |
1,136,156,837 |
-21% |
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Volume |
9,452,314,800 |
+15% |
NASDAQ |
+285.99 |
19,269.46 |
+1.51% |
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Advancers |
1,657 |
61% |
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Advancers |
2,300 |
54% |
S&P 500 |
+44.06 |
5,973.10 |
+0.74% |
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Decliners |
1,075 |
39% |
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Decliners |
1,985 |
46% |
Russell 2000 |
-10.23 |
2,382.69 |
-0.43% |
|
52 Wk Highs |
266 |
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52 Wk Highs |
399 |
|
S&P 600 |
-10.97 |
1,500.16 |
-0.73% |
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52 Wk Lows |
15 |
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52 Wk Lows |
102 |
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S&P 500 and Nasdaq Composite Indexes Hit New Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 (+0.7%) and Nasdaq Composite (+1.5%) moved further into record territory. The Dow Jones Industrial Average closed little changed, and the Russell 2000 declined -0.4%. The volume totals reported were mixed, lighter than the prior session total on the NYSE and higher on the Nasdaq exchange. Advancers led decliners by an 8-5 margin on the NYSE and by a narrower margin on the Nasdaq exchange. There were 102 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 228 on the prior session. New 52-week highs totals solidly outnumbered shrinking 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 Dow Jones Industrial Average held its ground after a considerable volume-driven gain for a new all-time high on the prior session.
Stocks hit new highs in response to Fed Chair Powell's press conference. There was a unanimous FOMC vote to cut the target range for the fed funds rate by 25 basis points to 4.50-4.75%, as expected. Treasury yields settled near intraday lows. The 10-yr yield dropped nine basis points to 4.34% and the 2-yr yield dropped five basis points to 4.22%.
The latest economic releases featured a smaller than expected uptick in weekly jobless claims (to 221,000 from 218,000) and a preliminary reading of the Q3 Productivity/unit labor costs report that featured a smaller than expected increase in productivity (2.2%) and a bigger than expected rise in labor costs (1.9%).
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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, Semiconductor, and Gold & Silver Indexes Led Group Gainers
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -2.68%) and the Broker/Dealer Index ($XBD -1.54%) both pulled back while the Retail Index ($RLX +1.46%) posted a gain. The tech sector was mixed as the Semiconductor Index ($SOX +2.27%) outpaced the Biotech Index ($BTK +0.88%) while the Networking Index ($NWX -1.27%) ended lower. Commodity-linked groups were mixed as the Oil Services Index ($OSX -1.77%) and the Integrated Oil Index ($XOI -0.50%) both lost ground while the Gold & Silver Index ($XAU +2.13%) posted a solid gain.
PICTURED: The Bank Index ($BKX -2.68%) pulled back on Thursday after posting a considerable gain on the prior session.
Oil Services |
$OSX |
80.56 |
-1.45 |
-1.77% |
-3.96% |
Integrated Oil |
$XOI |
1,920.75 |
-9.74 |
-0.50% |
+3.13% |
Semiconductor |
$SOX |
5,333.99 |
+118.42 |
+2.27% |
+27.75% |
Networking |
$NWX |
1,198.76 |
-15.43 |
-1.27% |
+43.94% |
Broker/Dealer |
$XBD |
814.12 |
-12.74 |
-1.54% |
+46.09% |
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$RLX |
5,026.95 |
+72.42 |
+1.46% |
+29.27% |
Gold & Silver |
$XAU |
159.25 |
+3.32 |
+2.13% |
+26.70% |
Bank |
$BKX |
131.32 |
-3.61 |
-2.68% |
+36.77% |
Biotech |
$BTK |
6,127.46 |
+53.48 |
+0.88% |
+13.08% |
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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 | $138.04 | +0.79 0.58% | $139.20 | 107,359 167.75% of 50 DAV 50 DAV is 64,000 | $139.03 -0.71%
| 9/17/2024 | $71.26 | PP = $87.23 | MB = $91.59 | Most Recent Note - 11/6/2024 11:06:16 AM G - Gapped up today powering to another new all-time high with a big 9th gain in the span of 10 sessions. Its 50 DMA line ($95) defines important near-term support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Hovering Above Prior Highs Near All-Time High - 10/7/2024 | 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 | $95.75 | +0.61 0.64% | $97.25 | 726,684 106.71% of 50 DAV 50 DAV is 681,000 | $96.15 -0.42%
| 6/11/2024 | $59.76 | PP = $64.33 | MB = $67.55 | Most Recent Note - 11/5/2024 5:03:36 PM G - Powered to another new all-time high with today''s 4th consecutive gain. Bullish action has come after it reported Sep '24 quarterly earnings +19% on +14% sales revenues versus the year-ago period, below the +25% minimum guideline (C criteria) of the fact-based investment system.. >>> FEATURED STOCK ARTICLE : Hovering Near All-Time High - 10/1/2024 | 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 | $196.59 | -1.38 -0.70% | $201.24 | 782,901 107.10% of 50 DAV 50 DAV is 731,000 | $201.22 -2.30%
| 7/26/2024 | $173.08 | PP = $175.82 | MB = $184.61 | Most Recent Note - 11/6/2024 11:16:52 AM G - Gapped up today hitting a new all-time high. Prior highs in the $177-180 area define initial support to watch above its 50 DMA line ($176) on pullbacks. >>> FEATURED STOCK ARTICLE : Gain With Light Volume for New High Close - 10/18/2024 | 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 | $111.22 | -3.64 -3.17% | $115.00 | 2,607,222 112.48% of 50 DAV 50 DAV is 2,318,000 | $115.38 -3.61%
| 7/30/2024 | $93.95 | PP = $85.52 | MB = $89.80 | Most Recent Note - 11/6/2024 11:12:40 AM G - Gapped up today hitting a new all-time high. Found support at its 50 DMA line ($99.67) and above prior highs in the $98 area. Reported Sep ''24 quarterly earnings +54% on +11% sales revenues versus the year-ago period. Volume and volatility often increase near earnings news. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average Line Before Earnings Report - 11/5/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | MELI - NASDAQ Mercadolibre Inc INTERNET - Internet Software and; Services | $1,774.05 | -343.25 -16.21% | $1,920.00 | 2,964,091 1,045.17% of 50 DAV 50 DAV is 283,600 | $2,161.73 -17.93%
| 8/5/2024 | $1,793.73 | PP = $1,792.15 | MB = $1,881.76 | Most Recent Note - 11/7/2024 7:19:05 PM Gapped down for a considerable volume-driven loss today violating its 50 DMA line ($2,049) triggering a technical sell signal and testing its 200 DMA line ($1,753). Weak action came after it reported Sep ''24 quarterly earnings +9% on +35% sales revenues versus the year-ago period, below the +25% minimum earnings guideline (C criteria). It will be dropped from the Featured Stocks list tonight. >>> FEATURED STOCK ARTICLE : Testing 50-Day Moving Average Line - 10/3/2024 | 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 | NGVC - NYSE Natural Grocers Retail-Super/Mini Mkts | $33.23 | +0.46 1.40% | $33.88 | 105,204 120.92% of 50 DAV 50 DAV is 87,000 | $33.71 -1.42%
| 11/5/2024 | $30.57 | PP = $30.42 | MB = $31.94 | Most Recent Note - 11/6/2024 11:14:22 AM Y - Hitting a new all-time high with today''s "breakaway gap". Color code was changed to yellow with new pivot point cited based on its 9/18/24 high plus 10 cents. Powered to a new all-time high on the prior session with a considerable volume-driven gain triggering a new (or add-on) technical buy signal. Rallied abruptly from its 50 DMA line ($27.43) which acted as support. >>> FEATURED STOCK ARTICLE : Near 50-Day Moving Average After Volume-Driven Losses - 10/4/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | CLS - NYSE Celestica Elec-Contract Mfg | $85.33 | +4.33 5.35% | $85.67 | 3,781,173 168.73% of 50 DAV 50 DAV is 2,241,000 | $81.07 5.25%
| 10/11/2024 | $57.62 | PP = $63.59 | MB = $66.77 | Most Recent Note - 11/7/2024 7:20:17 PM G - Hit yet another new all-time high with today''s 5th consecutive gain backed by ever-increasing volume, getting very extended from any sound base. Prior highs in the $63 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Celistica Hits New All-Time High With 8th Straight Gain - 10/11/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | PAY - NYSE Paymentus Holdings Finance-CrdtCard/PmtPr | $26.27 | -0.55 -2.05% | $26.98 | 223,459 107.95% of 50 DAV 50 DAV is 207,000 | $27.06 -2.92%
| 10/17/2024 | $26.15 | PP = $25.31 | MB = $26.58 | Most Recent Note - 11/6/2024 11:15:49 AM Y - Gapped up today. Volume totals have been cooling while consolidating. Found support near prior highs in the $24-25 area. >>> FEATURED STOCK ARTICLE : Paymentus Featured Breaking Out With Volume Driven Gains - 10/17/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | RMD - NYSE ResMed Medical-Products | $248.54 | +3.44 1.40% | $248.55 | 815,800 76.67% of 50 DAV 50 DAV is 1,064,000 | $260.49 -4.59%
| 10/25/2024 | $256.64 | PP = $255.28 | MB = $268.04 | Most Recent Note - 11/4/2024 1:36:36 PM Y - Consolidating above its 50 DMA line ($242.63) which defines important near-term support to watch. Damaging losses quickly negated the recent breakout. >>> FEATURED STOCK ARTICLE : ResMed Negated Friday''s Breakout Raising Concerns - 10/28/2024 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | ATGE - NYSE Adtalem Global Education Consumer Svcs-Education | $90.37 | +1.39 1.56% | $90.86 | 562,560 154.98% of 50 DAV 50 DAV is 363,000 | $88.99 1.55%
| 10/30/2024 | $83.34 | PP = $80.28 | MB = $84.29 | Most Recent Note - 11/6/2024 11:08:45 AM G - Gapped up today hitting a new all-time high above its "max buy" level and its color code is changed to green. Fundamentals remain strong. See the latest FSU analysis for more details and an annotated graph. >>> FEATURED STOCK ARTICLE : Holding Ground Following Recent Technical Breakout - 11/4/2024 | 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 |
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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 |
USLM
-
NASDAQ
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag
|
$136.58
|
-0.68
-0.49% |
$137.73
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36,007 56.26% of 50 DAV
50 DAV is 64,000
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$139.03 -1.77%
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9/17/2024
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$71.26
|
PP = $87.23
|
MB = $91.59
|
Most Recent Note - 11/6/2024 11:06:16 AM
G - Gapped up today powering to another new all-time high with a big 9th gain in the span of 10 sessions. Its 50 DMA line ($95) defines important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hovering Above Prior Highs Near All-Time High - 10/7/2024 |
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
|
$97.10
|
+1.96
2.05% |
$97.20
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209,660 30.79% of 50 DAV
50 DAV is 681,000
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$96.15 0.98%
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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
|
Most Recent Note - 11/5/2024 5:03:36 PM
G - Powered to another new all-time high with today's 4th consecutive gain. Bullish action has come after it reported Sep '24 quarterly earnings +19% on +14% sales revenues versus the year-ago period, below the +25% minimum guideline (C criteria) of the fact-based investment system..
>>> FEATURED STOCK ARTICLE : Hovering Near All-Time High - 10/1/2024 |
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
|
$197.94
|
-0.03
-0.02% |
$201.24
|
210,545 28.80% of 50 DAV
50 DAV is 731,000
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$201.22 -1.63%
|
7/26/2024
|
$173.08
|
PP = $175.82
|
MB = $184.61
|
Most Recent Note - 11/6/2024 11:16:52 AM
G - Gapped up today hitting a new all-time high. Prior highs in the $177-180 area define initial support to watch above its 50 DMA line ($176) on pullbacks.
>>> FEATURED STOCK ARTICLE : Gain With Light Volume for New High Close - 10/18/2024 |
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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$112.88
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-1.98
-1.72% |
$115.00
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755,988 32.61% of 50 DAV
50 DAV is 2,318,000
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$115.38 -2.17%
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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 - 11/6/2024 11:12:40 AM
G - Gapped up today hitting a new all-time high. Found support at its 50 DMA line ($99.67) and above prior highs in the $98 area. Reported Sep '24 quarterly earnings +54% on +11% sales revenues versus the year-ago period. Volume and volatility often increase near earnings news. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average Line Before Earnings Report - 11/5/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
MELI
-
NASDAQ
Mercadolibre Inc
INTERNET - Internet Software and; Services
|
$1,791.45
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-325.85
-15.39% |
$1,920.00
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1,567,262 552.63% of 50 DAV
50 DAV is 283,600
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$2,161.73 -17.13%
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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 - 11/4/2024 1:32:42 PM
G - Posting a 3rd consecutive gain today, finding support near its 50 DMA line ($2,050). Little near-term resistance remains due to overhead supply up to the $2,161 level.
>>> FEATURED STOCK ARTICLE : Testing 50-Day Moving Average Line - 10/3/2024 |
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 |
NGVC
-
NYSE
Natural Grocers
Retail-Super/Mini Mkts
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$33.53
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+0.76
2.30% |
$33.88
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33,669 38.70% of 50 DAV
50 DAV is 87,000
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$33.71 -0.55%
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11/5/2024
|
$30.57
|
PP = $30.42
|
MB = $31.94
|
Most Recent Note - 11/6/2024 11:14:22 AM
Y - Hitting a new all-time high with today's "breakaway gap". Color code was changed to yellow with new pivot point cited based on its 9/18/24 high plus 10 cents. Powered to a new all-time high on the prior session with a considerable volume-driven gain triggering a new (or add-on) technical buy signal. Rallied abruptly from its 50 DMA line ($27.43) which acted as support.
>>> FEATURED STOCK ARTICLE : Near 50-Day Moving Average After Volume-Driven Losses - 10/4/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
CLS
-
NYSE
Celestica
Elec-Contract Mfg
|
$83.51
|
+2.51
3.10% |
$83.76
|
1,049,416 46.83% of 50 DAV
50 DAV is 2,241,000
|
$81.07 3.01%
|
10/11/2024
|
$57.62
|
PP = $63.59
|
MB = $66.77
|
Most Recent Note - 11/6/2024 11:10:26 AM
G - Gapped up hitting yet another new all-time high with today's 4th consecutive gain backed by ever-increasing volume. Prior highs in the $63 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Celistica Hits New All-Time High With 8th Straight Gain - 10/11/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
PAY
-
NYSE
Paymentus Holdings
Finance-CrdtCard/PmtPr
|
$26.70
|
-0.12
-0.45% |
$26.98
|
89,202 43.09% of 50 DAV
50 DAV is 207,000
|
$27.06 -1.33%
|
10/17/2024
|
$26.15
|
PP = $25.31
|
MB = $26.58
|
Most Recent Note - 11/6/2024 11:15:49 AM
Y - Gapped up today. Volume totals have been cooling while consolidating. Found support near prior highs in the $24-25 area.
>>> FEATURED STOCK ARTICLE : Paymentus Featured Breaking Out With Volume Driven Gains - 10/17/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
RMD
-
NYSE
ResMed
Medical-Products
|
$244.54
|
-0.56
-0.23% |
$247.00
|
153,792 14.45% of 50 DAV
50 DAV is 1,064,000
|
$260.49 -6.12%
|
10/25/2024
|
$256.64
|
PP = $255.28
|
MB = $268.04
|
Most Recent Note - 11/4/2024 1:36:36 PM
Y - Consolidating above its 50 DMA line ($242.63) which defines important near-term support to watch. Damaging losses quickly negated the recent breakout.
>>> FEATURED STOCK ARTICLE : ResMed Negated Friday's Breakout Raising Concerns - 10/28/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
ATGE
-
NYSE
Adtalem Global Education
Consumer Svcs-Education
|
$88.50
|
-0.48
-0.54% |
$89.34
|
129,026 35.54% of 50 DAV
50 DAV is 363,000
|
$88.99 -0.55%
|
10/30/2024
|
$83.34
|
PP = $80.28
|
MB = $84.29
|
Most Recent Note - 11/6/2024 11:08:45 AM
G - Gapped up today hitting a new all-time high above its "max buy" level and its color code is changed to green. Fundamentals remain strong. See the latest FSU analysis for more details and an annotated graph.
>>> FEATURED STOCK ARTICLE : Holding Ground Following Recent Technical Breakout - 11/4/2024 |
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 |
|
|
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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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You may opt-out of receiving report notifications
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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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