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AFTER MARKET UPDATE - TUESDAY, NOVEMBER 12TH, 2024
Previous After Market Report Next After Market Report >>>
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DOW |
-382.15 |
43,910.98 |
-0.86% |
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Volume |
979,167,229 |
+1% |
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Volume |
7,843,620,500 |
-6% |
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NASDAQ |
-17.36 |
19,281.40 |
-0.09% |
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Advancers |
549 |
20% |
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Advancers |
1,296 |
30% |
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S&P 500 |
-17.34 |
5,984.01 |
-0.29% |
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Decliners |
2,185 |
80% |
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Decliners |
2,981 |
70% |
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Russell 2000 |
-43.12 |
2,391.86 |
-1.77% |
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52 Wk Highs |
179 |
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52 Wk Highs |
255 |
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S&P 600 |
-23.60 |
1,507.82 |
-1.54% |
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52 Wk Lows |
64 |
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52 Wk Lows |
133 |
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Major Indices Pulled Back from Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Nasdaq Composite Index was little changed while the S&P 500 Index fell -0.29% and the Dow Jones Industrial Average fell -0.86%. The Russell 2000 fell -1.8%. Volume totals reported were mixed, slightly higher than the prior session total on the NYSE and lower on the Nasdaq exchange. Breadth was negative as decliners led advancers by a 4-1 margin on the NYSE and by more than a 5-2 margin on the Nasdaq exchange. There were 85 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 179 on the prior session. New 52-week highs totals contracted but 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 Dow Jones Industrial Average pulled back from its all-time high.
The New York Fed's Survey of Consumer Expectations for October was released this morning, but received a muted response. It showed that year-ahead inflation expectations dipped to 2.9% from 3.0% while the three-year outlook decreased to 2.5% from 2.7%, and the five-year expectations dipped to 2.8% from 2.9%. The NFIB Small Business Optimism survey rose to 93.7 in October from 91.5 in September. Wednesday's calendar features the October Consumer Price Index and core-Consumer Price Index at 8:30 ET.
Nine of the 11 S&P 500 sectors registered losses. The consumer discretionary sector (-1.1%) was among the worst performers. The 10-yr yield settled 12 basis points higher at 4.43% and the 2-yr yield settled nine basis points higher at 4.34%.
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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 Index Rose While Most Groups Fell
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD -1.08%) and the Bank Index ($BKX -0.52%) both pulled back, meanwhile the Retail Index ($RLX +0.40%) ended slightly higher on Tuesday. The tech sector had a negative bias as the Semiconductor Index ($SOX -0.93%), Biotech Index ($BTK -1.46%), and the Networking Index ($NWX -0.97%) each lost ground. Commodity-linked groups also had a negative bias as the Gold & Silver Index ($XAU -1.51%), Oil Services Index ($OSX -1.44%), and the Integrated Oil Index ($XOI -0.66%) each lost ground.
PICTURED: The Retail Index ($RLX +0.40%) recently rallied from its 50-day moving average (DMA) line to new all-time highs.
| Oil Services |
$OSX |
79.72 |
-1.16 |
-1.44% |
-4.96% |
| Integrated Oil |
$XOI |
1,909.88 |
-12.65 |
-0.66% |
+2.55% |
| Semiconductor |
$SOX |
5,108.64 |
-47.75 |
-0.93% |
+22.35% |
| Networking |
$NWX |
1,207.41 |
-11.88 |
-0.97% |
+44.98% |
| Broker/Dealer |
$XBD |
834.84 |
-9.15 |
-1.08% |
+49.80% |
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$RLX |
5,021.90 |
+20.19 |
+0.40% |
+29.14% |
| Gold & Silver |
$XAU |
145.56 |
-2.23 |
-1.51% |
+15.81% |
| Bank |
$BKX |
134.12 |
-0.70 |
-0.52% |
+39.68% |
| Biotech |
$BTK |
6,017.42 |
-89.27 |
-1.46% |
+11.05% |
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Extended From Any Sound Base After Impressive Rally
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
U.S. Lime & Minerals (USLM -$4.52 or -3.18% to $137.78) is extended from any sound base and hovering at its all-time high following a noted spurt of volume-driven gains. Its 50-day moving average (DMA) line ($100) defines important near-term support to watch on pullbacks.
Fundamentals remain strong. USLM reported Sep '24 quarterly earnings +59% on +19% sales revenues versus the year-ago period. USLM has an Earnings Per Share Rating of 99. Prior quarterly and annual earnings (C and A criteria) history has been strong, a good match with the fact-based investment system's guidelines. Its shares split 5:1 effective on 7/15/24 and still the thinly-traded firm has only 28.6 million shares outstanding (S criteria), which can contribute to greater price volatility in the event of institutional buying or selling.
USLM was highlighted in yellow in the 2/09/24 mid-day report (read here). It was last shown in this FSU section on 10/07/24 with an annotated graph under the headline, "Hovering Above Prior Highs Near All-Time High". The number of top-rated funds owning its shares rose from 192 in Mar '23 to 262 in Sep '24, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 2.3 is an unbiased indication its shares have been under accumulation over the past 50 days. It has an Accumulation/Distribution rating of A+ and a Timeliness rating of A.
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 | $137.78 | -4.52
-3.18% | $146.01 | 101,778
149.67% of 50 DAV
50 DAV is 68,000 | $146.70
-6.08%
| 9/17/2024 | $71.26 | PP = $87.23 | | MB = $91.59 |  Most Recent Note - 11/12/2024 5:27:28 PM
G - Pulled back from its all-time high with today''s 2nd consecutive volume-driven loss following a noted spurt of volume-driven gains. Its 50 DMA line ($100) defines important near-term support to watch on pullbacks. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After Impressive Rally - 11/12/2024 | 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 | $97.23 | -1.18
-1.20% | $98.86 | 508,555
73.38% of 50 DAV
50 DAV is 693,000 | $99.32
-2.10%
| 6/11/2024 | $59.76 | PP = $64.33 | | MB = $67.55 | Most Recent Note - 11/8/2024 5:15:57 PM
G - Powered to another new all-time high with today''s 7th 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. See the latest FSU analysis for moer details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Extended From Base After Streak of Gains for New Highs - 11/8/2024 | 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 | $196.19 | +1.71
0.88% | $197.75 | 723,053
98.37% of 50 DAV
50 DAV is 735,000 | $201.24
-2.51%
| 7/26/2024 | $173.08 | PP = $175.82 | | MB = $184.61 | Most Recent Note - 11/12/2024 2:12:20 PM
G - Volume totals have been cooling while holding its ground after a gap up on 11/06/24 hitting a new all-time high. Prior highs in the $177-180 area define important support to watch coinciding with its 50 DMA line ($178).
>>> 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 | $113.62 | -1.07
-0.93% | $115.51 | 1,197,196
52.07% of 50 DAV
50 DAV is 2,299,000 | $115.98
-2.04%
| 7/30/2024 | $93.95 | PP = $85.52 | | MB = $89.80 | Most Recent Note - 11/12/2024 2:18:39 PM
G - Stubbornly holding its ground perched at its all-time high, extended from any sound base. Its prior high ($106.93 on 10/21/24) and 50 DMA line ($101) define near-term support levels to watch on pullbacks. Reported Sep ''24 quarterly earnings +54% on +11% sales revenues versus the year-ago period.
>>> 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 | NGVC - NYSE
Natural Grocers
Retail-Super/Mini Mkts | $34.17 | +0.28
0.83% | $34.76 | 113,022
126.99% of 50 DAV
50 DAV is 89,000 | $34.76
-1.70%
| 11/5/2024 | $30.57 | PP = $30.42 | | MB = $31.94 | Most Recent Note - 11/11/2024 9:25:55 PM
G - Hit a new all-time high with today''s 6th consecutive gain and its color code is changed to green after rising above its "max buy" level. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : New High After 6th Consecutive Gain - 11/11/2024 | 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 | CLS - NYSE
Celestica
Elec-Contract Mfg | $84.06 | -0.57
-0.67% | $84.38 | 1,591,703
69.48% of 50 DAV
50 DAV is 2,291,000 | $87.99
-4.47%
| 10/11/2024 | $57.62 | PP = $63.59 | | MB = $66.77 | Most Recent Note - 11/12/2024 2:16:05 PM
G - Hovering at its all-time high today following recently noted gains backed by above-average volume. Very extended from any sound base, its 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 | $26.63 | -0.15
-0.56% | $27.26 | 304,538
139.70% of 50 DAV
50 DAV is 218,000 | $27.93
-4.66%
| 10/17/2024 | $26.15 | PP = $25.31 | | MB = $26.58 | Most Recent Note - 11/12/2024 2:08:50 PM
Y - Perched at its 52-week high today, encountering some distributional pressure. Found support near prior highs in the $24-25 area during the recent consolidation.
>>> 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 | $246.77 | -1.92
-0.77% | $249.27 | 390,472
36.87% of 50 DAV
50 DAV is 1,059,000 | $260.49
-5.27%
| 10/25/2024 | $256.64 | PP = $255.28 | | MB = $268.04 | Most Recent Note - 11/12/2024 2:10:32 PM
Y - Volume totals have been cooling while consolidating within close striking distance of its 52-week high, but it slumped below the recently cited pivot point raising concerns. Its 50 DMA line ($243.50) 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 | $89.26 | -1.57
-1.73% | $91.76 | 355,877
95.67% of 50 DAV
50 DAV is 372,000 | $92.93
-3.95%
| 10/30/2024 | $83.34 | PP = $80.28 | | MB = $84.29 | Most Recent Note - 11/12/2024 2:14:53 PM
G - Extended from the previously noted base and perched at its all-time high, holding its ground following volume-driven gains. Fundamentals remain strong.
>>> 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 |
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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
|
$142.30
|
+0.00
0.00% |
$146.70
|
3
0.00% of 50 DAV
50 DAV is 68,000
|
$146.70
-3.00%
|
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
|
$98.41
|
+0.00
0.00% |
$99.32
|
80
0.01% of 50 DAV
50 DAV is 693,000
|
$99.32
-0.92%
|
6/11/2024
|
$59.76
|
PP = $64.33
|
|
MB = $67.55
|
Most Recent Note - 11/8/2024 5:15:57 PM
G - Powered to another new all-time high with today's 7th 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. See the latest FSU analysis for moer details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Extended From Base After Streak of Gains for New Highs - 11/8/2024 |
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
|
$194.48
|
+0.00
0.00% |
$199.45
|
88
0.01% of 50 DAV
50 DAV is 735,000
|
$201.24
-3.36%
|
7/26/2024
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$173.08
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PP = $175.82
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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
|
$114.68
|
+0.00
0.00% |
$115.98
|
559
0.02% of 50 DAV
50 DAV is 2,299,000
|
$115.98
-1.12%
|
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 |
NGVC
-
NYSE
Natural Grocers
Retail-Super/Mini Mkts
|
$33.89
|
+0.10
0.30% |
$34.76
|
0
0.00% of 50 DAV
50 DAV is 89,000
|
$34.76
-2.50%
|
11/5/2024
|
$30.57
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PP = $30.42
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|
MB = $31.94
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Most Recent Note - 11/11/2024 9:25:55 PM
G - Hit a new all-time high with today's 6th consecutive gain and its color code is changed to green after rising above its "max buy" level. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : New High After 6th Consecutive Gain - 11/11/2024 |
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 |
CLS
-
NYSE
Celestica
Elec-Contract Mfg
|
$84.63
|
+0.00
0.00% |
$87.99
|
5,066
0.22% of 50 DAV
50 DAV is 2,291,000
|
$87.99
-3.82%
|
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
|
$26.78
|
+0.00
0.00% |
$27.93
|
98
0.04% of 50 DAV
50 DAV is 218,000
|
$27.93
-4.12%
|
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
|
$248.69
|
+0.00
0.00% |
$252.99
|
578
0.05% of 50 DAV
50 DAV is 1,059,000
|
$260.49
-4.53%
|
10/25/2024
|
$256.64
|
PP = $255.28
|
|
MB = $268.04
|
Most Recent Note - 11/11/2024 1:23:28 PM
Y - Perched within close striking distance of its 52-week high but it has slumped below the recently cited pivot point, consolidating above its 50 DMA line ($243) 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
|
$90.83
|
+0.00
0.00% |
$92.85
|
124
0.03% of 50 DAV
50 DAV is 372,000
|
$92.93
-2.26%
|
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 |
|
|
|
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
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