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AFTER MARKET UPDATE - TUESDAY, NOVEMBER 19TH, 2024
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DOW |
-120.66 |
43,268.94 |
-0.28% |
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Volume |
914,389,944 |
+1% |
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Volume |
7,560,639,800 |
-11% |
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NASDAQ |
+195.66 |
18,987.47 |
+1.04% |
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Advancers |
1,316 |
48% |
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Advancers |
2,412 |
57% |
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S&P 500 |
+23.36 |
5,916.98 |
+0.40% |
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Decliners |
1,402 |
52% |
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Decliners |
1,835 |
43% |
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Russell 2000 |
+18.49 |
2,324.83 |
+0.80% |
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52 Wk Highs |
108 |
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52 Wk Highs |
82 |
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S&P 600 |
+3.97 |
1,466.48 |
+0.27% |
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52 Wk Lows |
74 |
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52 Wk Lows |
228 |
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Major Indices had Positive Bias but Dow Lagged Again
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 settled 0.4% higher, the Russell 2000 was up 0.8%, and the Nasdaq Composite jumped 1.0%. Volume totals reported were mixed, higher than the prior session total on the NYSE and lighter on the Nasdaq exchange. Advancers led decliners by a 6-3 margin on the Nasdaq exchange but decliners led advancers by a narrow margin on the NYSE. There were 21 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 24 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE but new lows outnumbered new highs on the Nasdaq exchange for the 4th 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 pulled back for a 4th consecutive loss on Tuesday.
Geopolitical tensions rose after reports that President Putin had lowered Russia's threshold for using nuclear weapons, that Ukraine had launched U.S.-made missiles into Russia, and that Russian Foreign Minister Lavrov had called the attack on Russia an "escalation signal."
Some defense-related names benefitted from the rising tensions overseas. Dow component Boeing (BA +1.2%) was a standout in that respect. Fellow Dow component Walmart (WMT +3.0%) was another influential winner, responding to earnings results.
The 2-yr yield dropped one basis point to 4.27% and the 10-yr yield dropped four basis points to 4.38%.
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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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Tech, Retail, and Gold & Silver Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -0.24%) and the Bank Index ($BKX -0.86%) both lost ground as the Retail Index ($RLX +0.39%) edged higher. The tech sector had a positive bias as the Semiconductor Index ($SOX +0.62%), Networking Index ($NWX +0.35%) and the Biotech Index ($BTK +0.24%) each gained some ground. Commodity-linked groups were mixed as the Gold & Silver Index ($XAU +2.07%) rose while the Oil Services Index ($OSX -0.40%) and the Integrated Oil Index ($XOI -0.84%) both lost ground.
PICTURED: The Bank Index ($BKX -0.86%) is lingering near its 2024 high but fell for a 5th loss in the span of 6 sessions.
| Oil Services |
$OSX |
77.32 |
-0.31 |
-0.40% |
-7.82% |
| Integrated Oil |
$XOI |
1,948.19 |
-16.47 |
-0.84% |
+4.60% |
| Semiconductor |
$SOX |
4,919.16 |
+30.38 |
+0.62% |
+17.81% |
| Networking |
$NWX |
1,150.55 |
+4.07 |
+0.35% |
+38.15% |
| Broker/Dealer |
$XBD |
838.49 |
-2.04 |
-0.24% |
+50.46% |
| Retail Index |
$RLX |
4,936.81 |
+19.39 |
+0.39% |
+26.95% |
| Gold & Silver |
$XAU |
152.22 |
+3.09 |
+2.07% |
+21.11% |
| Bank |
$BKX |
133.53 |
-1.16 |
-0.86% |
+39.07% |
| Biotech |
$BTK |
5,581.79 |
+13.50 |
+0.24% |
+3.01% |
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Tradeweb Markets Perched Near High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Tradeweb Markets (TW +$3.88 or +2.97% to $134.46) was highlighted in yellow in the earlier mid-day report (read here) with pivot point cited based on its 10/15/24 high plus 10 cents. It rose near its 52-week high with today's 4th consecutive gain after finding support at its 50-day moving average (DMA) line ($127.73). Subsequent volume-driven gains above the pivot point may trigger a proper technical buy signal.
TW reported earnings +36% on +37% sales revenues for the Sep '24 quarter versus the year ago period, its 4th quarterly comparison above the +25% minimum earnings guideline (C criteria). Its annual earnings (A criteria) history has been strong. It completed its $27 IPO on 4/04/19 and an additional Public Offerings on 10/17/19 and 4/24/20. There are now 236 million shares outstanding (S criteria).
The number of top-rated funds owning its shares rose from 1,199 in Dec '23 to 1,261 in Sep '24, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days.
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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
|
$141.59
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-1.55
-1.08% |
$143.02
|
93,860
132.20% of 50 DAV
50 DAV is 71,000
|
$146.70
-3.48%
|
9/17/2024
|
$71.26
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PP = $87.23
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MB = $91.59
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Most Recent Note - 11/18/2024 3:32:18 PM
G - Hovering near its all-time high, holding its ground following a noted spurt of volume-driven gains. Its 50 DMA line ($105.48) defines important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After Impressive Rally - 11/12/2024 |
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News |
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C
A
S
I |
GVA
-
NYSE
Granite Construction
Bldg-Heavy Construction
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$97.52
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+1.07
1.11% |
$98.56
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524,718
75.17% of 50 DAV
50 DAV is 698,000
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$99.32
-1.81%
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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 - 11/19/2024 3:46:29 PM
G - On track today for a 2nd consecutive gain with light volume. Perched near its all-time high, stubbornly holding its ground while very extended from any sound base. 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 : Extended From Base After Streak of Gains for New Highs - 11/8/2024 |
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C
A
S
I |
TXRH
-
NASDAQ
Texas Roadhouse
Retail-Restaurants
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$193.62
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-2.15
-1.10% |
$194.82
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496,984
67.62% of 50 DAV
50 DAV is 735,000
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$203.32
-4.77%
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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 - 11/18/2024 3:31:08 PM
G - Volume totals have still been cooling while hovering near its all-time high. Its 50 DMA line ($181) and prior highs in the $177-180 area define important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hovering Near High After Recent Volume-driven Gains - 11/15/2024 |
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C
A
S
I |
HWM
-
NYSE
Howmet Aerospace
Aerospace/Defense
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$116.00
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+2.83
2.50% |
$116.03
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2,488,802
111.26% of 50 DAV
50 DAV is 2,237,000
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$116.74
-0.63%
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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 - 11/18/2024 3:29:27 PM
G - Hovering near its all-time high, extended from any sound base. Its prior high ($106.93 on 10/21/24) and 50 DMA line ($102.75) define near-term support levels to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Found Support at 50-Day Moving Average Line Before Earnings Report - 11/5/2024 |
View all notes |
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C
A
S
I |
NGVC
-
NYSE
Natural Grocers
Retail-Super/Mini Mkts
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$34.47
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+1.54
4.68% |
$34.50
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150,115
170.59% of 50 DAV
50 DAV is 88,000
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$34.76
-0.83%
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11/5/2024
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$30.57
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PP = $30.42
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MB = $31.94
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Most Recent Note - 11/19/2024 3:40:51 PM
G - Perched near its all-time high, stubbornly holding its ground following a noted streak of gains marked by higher volume. Prior high in the $30 area defines initial support to watch above its 50 DMA line ($28.69).
>>> FEATURED STOCK ARTICLE : New High After 6th Consecutive Gain - 11/11/2024 |
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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 |
CLS
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NYSE
Celestica
Elec-Contract Mfg
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$86.82
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+2.85
3.39% |
$87.32
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2,234,151
98.99% of 50 DAV
50 DAV is 2,257,000
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$87.99
-1.33%
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10/11/2024
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$57.62
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PP = $63.59
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MB = $66.77
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Most Recent Note - 11/19/2024 3:44:58 PM
G - Today's 3rd consecutive gain has it poised for a best-ever close, very extended from any sound base. Its 50 DMA line ($62.33) and prior highs in the $63 area define initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pulling Back After Considerable Rally - 11/13/2024 |
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News |
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C
A
S
I |
PAY
-
NYSE
Paymentus Holdings
Finance-CrdtCard/PmtPr
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$35.77
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+0.55
1.56% |
$36.56
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420,103
132.52% of 50 DAV
50 DAV is 317,000
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$37.00
-3.32%
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10/17/2024
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$26.15
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PP = $25.31
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MB = $26.58
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Most Recent Note - 11/19/2024 3:42:17 PM
G - Extended from any sound base and posting a 3rd consecutive gain today. Held its ground after spiking higher on 11/13/24 when it reported Sep '24 quarterly earnings +67% on +52% sales revenues versus the year-ago period.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base After Considerable Spike Higher - 11/14/2024 |
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C
A
S
I |
RMD
-
NYSE
ResMed
Medical-Products
|
$238.12
|
-1.30
-0.54% |
$240.67
|
711,330
67.17% of 50 DAV
50 DAV is 1,059,000
|
$260.49
-8.59%
|
10/25/2024
|
$256.64
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PP = $255.28
|
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MB = $268.04
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Most Recent Note - 11/18/2024 5:17:30 PM
G - Rebounded toward its 50 DMA line ($242.64) which may act as resistance. Losses last week violated its 50 DMA line triggering a technical sell signal. A prompt rebound is needed for its outlook to improve. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Recent Slump Below 50-Day Moving Average Raised Concerns - 11/18/2024 |
View all notes |
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News |
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C
A
S
I |
ATGE
-
NYSE
Adtalem Global Education
Consumer Svcs-Education
|
$87.77
|
+0.43
0.49% |
$88.64
|
234,888
62.30% of 50 DAV
50 DAV is 377,000
|
$92.93
-5.55%
|
10/30/2024
|
$83.34
|
PP = $80.28
|
|
MB = $84.29
|
Most Recent Note - 11/19/2024 3:43:30 PM
G - Consolidating after quickly getting extended from the previously noted base. Prior highs in the $80 area define initial support to watch on pullbacks. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Holding Ground Following Recent Technical Breakout - 11/4/2024 |
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C
A
S
I |
TW
-
NASDAQ
Tradeweb Markets
Financial Svcs-Specialty
|
$134.46
|
+3.88
2.97% |
$134.90
|
1,262,980
158.67% of 50 DAV
50 DAV is 796,000
|
$136.14
-1.23%
|
11/19/2024
|
$134.41
|
PP = $136.23
|
|
MB = $143.04
|
Most Recent Note - 11/19/2024 9:00:56 PM
Y - Finished strong today with above average volume behind its 4th consecutive gain. Color code was changed to yellow with pivot point cited based on its 10/15/24 high plus 10 cents. Found support recently at its 50 DMA line ($127.73). Subsequent volume-driven gains above the pivot point may trigger a proper technical buy signal. Reported earnings +36% on +37% sales revenues for the Sep '24 quarter versus the year ago period, its 4th quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong since its $27 IPO on 4/04/19 and an additional Public Offerings on 10/17/19 and 4/24/20. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Tradeweb Markets Perched Near High - 11/19/2024 |
View all notes |
Set NEW NOTE alert |
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News |
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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 |
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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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