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AFTER MARKET UPDATE - THURSDAY, OCTOBER 24TH, 2024
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DOW |
-140.59 |
42,374.36 |
-0.33% |
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Volume |
862,839,504 |
+5% |
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Volume |
5,927,598,900 |
-9% |
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NASDAQ |
+138.83 |
18,415.49 |
+0.76% |
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Advancers |
1,478 |
54% |
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Advancers |
2,175 |
52% |
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S&P 500 |
+12.44 |
5,809.86 |
+0.21% |
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Decliners |
1,236 |
46% |
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Decliners |
2,034 |
48% |
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Russell 2000 |
+5.08 |
2,218.92 |
+0.23% |
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52 Wk Highs |
98 |
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52 Wk Highs |
98 |
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S&P 600 |
+4.38 |
1,397.61 |
+0.31% |
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52 Wk Lows |
35 |
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52 Wk Lows |
110 |
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Nasdaq and S&P 500 Indexes Rose While Dow Industrials Ended Lower
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 settled 0.2% higher and the Nasdaq Composite closed up 0.8% The 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 narrow margin on the NYSE and on the Nasdaq exchange. There were 33 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 25 on the prior session. New 52-week highs totals still outnumbered new 52-week lows on the NYSE, but new lows outnumbered new highs on the Nasdaq exchange for a second 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 Nasdaq Composite Index posted a gain with lighter volume after pulling back from near its all-time high.
The S&P 500 communication services sector was a top performer, jumping +3.2% while the materials sector logged the largest decline, down -1.4%. Shares of Tesla (TSLA +21.9%) rallied after impressive Q3 earnings and a 2025 vehicle growth estimate.
Losses in IBM (IBM -6.2%), Honeywell (HON -5.1%), and Boeing (BA -1.2%) created a drag. Union Pacific (UNP -4.4%) and Harley Davidson (HOG -7.2%) were down after reporting earnings results. Meanwhile, influential winners included Whirlpool (WHR +11.2%), Mattel (MAT +4.4%), Lam Research (LRCX +5.1%), and ServiceNow (NOW +5.4%) settled higher in response to earnings news, providing added support to the broader market.
The 2-yr yield settled two basis points lower at 4.07% and the 10-yr yield settled four basis points lower at 4.20%.
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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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Financial, Retail, and Semiconductor Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +0.90%) and the Bank Index ($BKX +0.62%) both posted gains along with the Retail Index ($RLX +0.63%). The Semiconductor Index ($SOX +0.51%) posted a small gain while the Biotech Index ($BTK -0.51%) edged lower and the Networking Index ($NWX -0.03%) was unchanged. The Gold & Silver Index ($XAU -1.73%) lost ground. The Oil Services Index ($OSX +0.12%) and the Integrated Oil Index ($XOI -0.08%) both ended little changed.
PICTURED: The Networking Index ($NWX -0.03%) is consolidating near its all-time high.
| Oil Services |
$OSX |
74.60 |
+0.09 |
+0.12% |
-11.07% |
| Integrated Oil |
$XOI |
1,886.29 |
-1.47 |
-0.08% |
+1.28% |
| Semiconductor |
$SOX |
5,157.61 |
+26.24 |
+0.51% |
+23.52% |
| Networking |
$NWX |
1,144.72 |
-0.31 |
-0.03% |
+37.45% |
| Broker/Dealer |
$XBD |
741.59 |
+6.61 |
+0.90% |
+33.07% |
| Retail |
$RLX |
4,651.80 |
+29.08 |
+0.63% |
+19.62% |
| Gold & Silver |
$XAU |
169.44 |
-2.99 |
-1.73% |
+34.81% |
| Bank |
$BKX |
122.41 |
+0.76 |
+0.62% |
+27.48% |
| Biotech |
$BTK |
5,782.43 |
-29.87 |
-0.51% |
+6.71% |
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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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$102.61
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+0.64
0.63% |
$103.47
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62,660
111.89% of 50 DAV
50 DAV is 56,000
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$105.59
-2.82%
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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 - 10/23/2024 9:09:41 PM
G - Pulled back from its all-time high with today's loss backed by below-average volume. Its 50 DMA line ($88.62) and prior high in the $87 area define important near-term support to watch.
>>> 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
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$82.83
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+0.21
0.25% |
$83.30
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844,589
147.91% of 50 DAV
50 DAV is 571,000
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$84.10
-1.51%
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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 - 10/23/2024 9:24:19 PM
G - Churned heavy volume at its all-time high today. Its 50 DMA line ($77) defines initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hovering Near All-Time High - 10/1/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
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C
A
S
I |
TXRH
-
NASDAQ
Texas Roadhouse
Retail-Restaurants
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$180.90
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+1.91
1.07% |
$182.21
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1,572,883
241.98% of 50 DAV
50 DAV is 650,000
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$184.19
-1.79%
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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 - 10/24/2024 7:01:16 PM
Y - Posted a gain today backed by heavy volume. Recently noted rebound above the 50 DMA line ($172) helped its outlook to improve. Faces no resistance due to overhead supply.
>>> 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 |
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C
A
S
I |
HWM
-
NYSE
Howmet Aerospace
Aerospace/Defense
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$100.62
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-2.21
-2.15% |
$102.07
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1,983,272
93.46% of 50 DAV
50 DAV is 2,122,000
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$106.93
-5.90%
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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 - 10/24/2024 6:58:29 PM
G - Pulled back further from its all-time high with today's loss. Slumped near prior highs in the $98 area which coincide with its 50 DMA defining important near-term support to watch.
>>> FEATURED STOCK ARTICLE : Gain With Light Volume for Best-Ever Close - 9/30/2024 |
View all notes |
Set NEW NOTE alert |
Company Profile |
SEC
News |
Chart |
Request a new note
C
A
S
I |
MELI
-
NASDAQ
MercadoLibre
Retail-Internet
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$2,055.93
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+17.23
0.85% |
$2,063.99
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130,951
47.45% of 50 DAV
50 DAV is 276,000
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$2,161.73
-4.89%
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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 - 10/22/2024 10:04:26 PM
G - Pulled back today with below-average volume. Recently found support near its 50 DMA line ($2,038). 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 |
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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 |
NGVC
-
NYSE
Natural Grocers
Retail-Super/Mini Mkts
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$26.69
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+0.15
0.57% |
$26.78
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58,034
69.09% of 50 DAV
50 DAV is 84,000
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$30.32
-11.97%
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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 - 10/24/2024 6:59:53 PM
G - Consolidating near its 50 DMA line ($26.81) it has slumped back below the previously cited pivot point raising concerns.
>>> 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 |
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C
A
S
I |
CLS
-
NYSE
Celestica
Elec-Contract Mfg
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$67.94
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+10.47
18.22% |
$68.44
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7,504,253
389.02% of 50 DAV
50 DAV is 1,929,000
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$64.56
5.24%
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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 - 10/24/2024 11:28:40 AM
Y - Reported Sep '24 quarterly earnings +60% on +22% sales revenues versus the year ago period. Gapped up today and powered to a new all-time high. A strong close above the pivot point backed by at least +40% above average volume may clinch a proper new technical buy signal. Fundamentals remain strong.
>>> 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 |
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C
A
S
I |
PAY
-
NYSE
Paymentus Holdings
Finance-CrdtCard/PmtPr
|
$25.25
|
+0.85
3.48% |
$25.32
|
180,479
89.35% of 50 DAV
50 DAV is 202,000
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$27.06
-6.69%
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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 - 10/24/2024 6:57:14 PM
Y - Posted a gain today with near average volume, halting its slide near prior highs in the $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 |
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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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