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AFTER MARKET UPDATE - FRIDAY, NOVEMBER 29TH, 2024
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DOW |
+188.59 |
44,910.65 |
+0.42% |
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Volume |
654,276,374 |
-22% |
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Volume |
4,080,734,600 |
-30% |
NASDAQ |
+157.69 |
19,218.17 |
+0.83% |
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Advancers |
1,821 |
67% |
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Advancers |
2,802 |
66% |
S&P 500 |
+33.64 |
6,032.38 |
+0.56% |
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Decliners |
908 |
33% |
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Decliners |
1,440 |
34% |
Russell 2000 |
+8.58 |
2,434.77 |
+0.35% |
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52 Wk Highs |
175 |
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52 Wk Highs |
200 |
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S&P 600 |
+2.73 |
1,532.61 |
+0.18% |
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52 Wk Lows |
31 |
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52 Wk Lows |
47 |
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Major Indices Closed Near Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 (+0.6%), Nasdaq Composite (+0.8%), Dow Jones Industrial Average (+0.4%), and Russell 2000 (+0.4%) closed near all time highs. The shortened session's, volume totals were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Advancers led decliners by a 2-1 ratio at the NYSE and at the Nasdaq. There were 51 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 80 on the prior session. New 52-week highs totals solidly 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 Nasdaq Composite Index is hovering near its all-time high.
Many stocks participated in the broad advance that led nine of the S&P 500 sectors to close higher. The information technology sector was among the top performers, boosted by gains in its semiconductor components, along with gains in Apple (AAPL +1.0%) and Microsoft (MSFT +0.1%). MSFT initially traded down as much as 1.2% after a Bloomberg report indicating it might be facing a broad FTC investigation.
The consumer discretionary sector (+1.1%) was another top performer with many retailers logging outsized gains on Black Friday.
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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 Commodity-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.70%) posted a modest gain while the Bank Index ($BKX -0.09%) finished flat and the Broker/Dealer Index ($XBD -0.32%) inched lower. The tech sector was mixed as the Biotech Index ($BTK -0.19%) and the Networking Index ($NWX -0.10%) beothn inched lower while the Semiconductor Index ($SOX +1.52%) posted a solid gain. Commodity-linked groups had a positive bias as the Gold & Silver Index ($XAU +0.47%), Integrated Oil Index ($XOI +0.39%), and the Oil Services Index ($OSX +0.52%) each posted small gains.
PICTURED: The Oil Services Index ($OSX +0.52%) is lingering below its 200-day moving average (DMA) line.
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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 |
Max Buy |
USLM
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NASDAQ
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag
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$153.00
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-0.79
-0.51% |
$157.20
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79,831 95.04% of 50 DAV
50 DAV is 84,000
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$159.53 -4.09%
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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 - 11/27/2024 12:55:05 PM
G - Pulling back today after getting very extended from any sound base. It hit yet another new all-time high with a big volume-driven gain on the prior session. Held its ground stubbornly following a noted spurt of volume-driven gains. Its 50 DMA line ($114.54) 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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C
A
S
I |
GVA
-
NYSE
Granite Construction
Bldg-Heavy Construction
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$99.37
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+0.68
0.69% |
$100.39
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234,430 33.93% of 50 DAV
50 DAV is 691,000
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$100.57 -1.19%
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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 - 11/26/2024 7:05:12 PM
G - Hovering near its all-time high, stubbornly holding its ground, 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
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NASDAQ
Texas Roadhouse
Retail-Restaurants
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$205.27
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+1.91
0.94% |
$206.04
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398,274 55.09% of 50 DAV
50 DAV is 723,000
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$205.85 -0.28%
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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 - 11/26/2024 7:09:37 PM
G - Hit another new high with today's 3rd consecutive gain. Its 50 DMA line ($185) defines 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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$118.38
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+1.68
1.44% |
$118.90
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1,351,880 57.28% of 50 DAV
50 DAV is 2,360,000
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$119.28 -0.75%
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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 - 11/25/2024 8:50:31 PM
G - Pulled back from its all-time high with today's loss on average volume following recent volume-driven gains, It is extended from any sound base. Its prior high ($106.93 on 10/21/24) and 50 DMA line ($105) 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 |
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C
A
S
I |
NGVC
-
NYSE
Natural Grocers
Retail-Super/Mini Mkts
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$47.05
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+0.84
1.82% |
$47.53
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60,958 58.06% of 50 DAV
50 DAV is 105,000
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$47.57 -1.09%
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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 - 11/25/2024 8:51:28 PM
G - Powered to another new all-time high with today's 7th consecutive volume-driven gain, getting very extended from any sound base. Bullish action came after it reported Sep '24 quarterly earnings +50% on +9% sales revenues versus the year-ago period. Prior high in the $30 area defines initial support to watch above its 50 DMA line.
>>> 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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$85.24
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+2.08
2.50% |
$85.38
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990,269 41.30% of 50 DAV
50 DAV is 2,398,000
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$93.15 -8.49%
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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 - 11/27/2024 12:04:44 PM
G - Pulling back from its all-time high after getting very extended from any sound base. Its 50 DMA line ($67.23) defines initial support above prior highs in the $63 area.
>>> FEATURED STOCK ARTICLE : Pulling Back After Considerable Rally - 11/13/2024 |
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C
A
S
I |
PAY
-
NYSE
Paymentus Holdings
Finance-CrdtCard/PmtPr
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$37.81
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-0.12
-0.32% |
$38.45
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177,992 51.59% of 50 DAV
50 DAV is 345,000
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$38.76 -2.45%
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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 - 11/27/2024 12:46:04 PM
G - Extended from any sound base and pulling back from its 52-week high with today's loss after 7 gains in the prior 8 sessions. Bullish action came after 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
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$249.02
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-0.31
-0.12% |
$252.36
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351,325 34.72% of 50 DAV
50 DAV is 1,012,000
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$260.49 -4.40%
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10/25/2024
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$256.64
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PP = $255.28
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MB = $268.04
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Most Recent Note - 11/25/2024 8:54:57 PM
Y - Color code was changed to yellow while rebounding above its 50 DMA line ($242) with above average volume behind a solid gain. Little resistance remains due to overhead supply.
>>> FEATURED STOCK ARTICLE : Recent Slump Below 50-Day Moving Average Raised Concerns - 11/18/2024 |
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C
A
S
I |
ATGE
-
NYSE
Adtalem Global Education
Consumer Svcs-Education
|
$91.41
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+0.66
0.73% |
$91.70
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201,941 55.02% of 50 DAV
50 DAV is 367,000
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$92.93 -1.64%
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10/30/2024
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$83.34
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PP = $80.28
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MB = $84.29
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Most Recent Note - 11/26/2024 7:11:57 PM
G - Perched at its all-time high today, pausing with light volume. 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
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$135.50
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-0.54
-0.40% |
$136.76
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323,392 38.23% of 50 DAV
50 DAV is 846,000
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$138.25 -1.99%
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11/19/2024
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$134.41
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PP = $136.23
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MB = $143.04
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Most Recent Note - 11/26/2024 7:08:33 PM
Y - Perched at its all-time high, encountering some distributional pressure. Subsequent volume-driven gains above the pivot point may trigger a proper technical buy signal. It was highlighted in yellow with pivot point cited based on its 10/15/24 high plus 10 cents. Found support recently at its 50 DMA line ($129.54).
>>> FEATURED STOCK ARTICLE : Tradeweb Markets Perched Near High - 11/19/2024 |
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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 |
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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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