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AFTER MARKET UPDATE - THURSDAY, NOVEMBER 19TH, 2020
Previous After Market Report Next After Market Report >>>
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DOW |
+44.81 |
29,483.23 |
+0.15% |
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Volume |
891,590,717 |
-10% |
|
Volume |
5,269,655,100 |
+13% |
|
NASDAQ |
+107.22 |
11,908.83 |
+0.91% |
|
Advancers |
1,940 |
64% |
|
Advancers |
2,244 |
65% |
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S&P 500 |
+14.06 |
3,581.85 |
+0.39% |
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Decliners |
1,080 |
36% |
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Decliners |
1,204 |
35% |
|
Russell 2000 |
+14.82 |
1,784.13 |
+0.84% |
|
52 Wk Highs |
77 |
|
|
52 Wk Highs |
124 |
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S&P 600 |
+6.50 |
1,021.83 |
+0.64% |
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52 Wk Lows |
6 |
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52 Wk Lows |
10 |
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Breadth Positive as Indices Showed Resilience But Leadership Thinned
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Dow reversed a more than 200 point decline to finish 44 points higher. The S&P 500 rose 0.4%, while the Nasdaq Composite added 0.9% amid strength in Tech and Tech-related companies. The reported volume totals were mixed, lighter than the prior session on the NYSE and higher on the Nasdaq exchange. Breadth was positive as advancers led decliners by almost a 2-1 margin on the NYSE and on the Nasdaq exchange. There were only 24 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 60 on the prior session. New 52-week highs totals contracted yet still easily outnumbered new 52-week lows totals. The major indices confirmed a new uptrend (M criteria) with recent follow-through gains backed by higher volume and more leadership. Investors are reminded to always make buying and selling decisions based based on the strict criteria and rules of the fact-based investment system.  PICTURED: The Nasdaq Composite Indx has been churning higher volume while perched at its record high.
U.S. stocks finished higher during a choppy day of trading on Thursday, as investors continued to weigh vaccine optimism against the economic impact of new virus-related restrictions. Vaccine optimism also persisted, with AstraZeneca (AZN +0.07%) noting its vaccine candidate showed a strong immune response in older adults during mid-stage trials.
Nine of 11 S&P 500 sectors ended in positive territory. The Energy and Information Technology groups paced the gains, while Utilities and Health Care lagged. Consumer Dictionary stocks also outperformed, with L Brands (LB +17.67%) up after its earnings and revenue figures came in well above consensus estimates, and Macy’s (M +2.11%) up after reporting a smaller-than-anticipated quarterly loss. In other earnings, Nvidia (NVDA +0.09%) was unchanged after the company lowered its current quarter revenue guidance for its data center chips following an earnings beat.
Economic data was also in focus, with initial jobless claims unexpectedly rising to 742,000 from the prior upwardly revised 711,000 figure in the latest week. Another update showed existing home sales posted a surprise 4.3% uptick in October, jumping to the highest level since 2005. Separately, the leading economic index for October came in-line with the prior month’s reading of 0.7%. Treasuries advanced, with the yield on the 10-year note down two basis points to 0.85%. In commodities, WTI crude rose 0.2% to $41.90/barrel, extending its weekly advance to more than 4%. |
Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Financial, Retail, Semiconductor, and Energy-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +0.56%) and Bank Index ($BKX +0.56%) both edged higher and the Retail Index ($RLX +0.56%) also had a positive influence on the major averages. The Oil Services Index ($OSX +3.56%) and Integrated Oil Index ($XOI +1.24%) both posted gains while the Gold & Silver Index ($XAU -0.61%) edged lower. The Semiconductor Index ($SOX +1.58%) led the tech sector, meanwhile the Networking Index ($NWX +0.08%) and Biotech Index ($BTK +0.05%) both were little changed.
PICTURED: The Gold & Silver Index ($XAU -0.61%) is testinhg prior lows and sljmping toward its 200-day moving average (DMA) line.
| Oil Services |
$OSX |
38.18 |
+1.31 |
+3.56% |
-51.24% |
| Integrated Oil |
$XOI |
733.76 |
+8.98 |
+1.24% |
-42.25% |
| Semiconductor |
$SOX |
2,570.49 |
+39.90 |
+1.58% |
+38.97% |
| Networking |
$NWX |
623.83 |
+0.53 |
+0.08% |
+6.93% |
| Broker/Dealer |
$XBD |
337.85 |
+1.88 |
+0.56% |
+16.35% |
| Retail |
$RLX |
3,424.87 |
+19.23 |
+0.56% |
+39.83% |
| Gold & Silver |
$XAU |
135.88 |
-0.83 |
-0.61% |
+27.08% |
| Bank |
$BKX |
89.54 |
+0.50 |
+0.56% |
-21.01% |
| Biotech |
$BTK |
5,404.49 |
+2.81 |
+0.05% |
+6.65% |
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Rebounding Near High With 3rd Strong Quarterly Report
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
B J S Whlsl Club Hldgs (BJ +$1.55 or +3.60% to $44.55) finished strong and closed near the session high after highlighted in yellow with pivot point cited based on its 8/26/20 high plus 10 cents in the earlier mid-day report (read here). It has been consolidating above its 50-day moving average (DMA) line ($40.59) and today's 4th consecutive gain was marked by higher volume. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal.
Reported Oct '20 quarterly results +124% on +16% sales revenues versus the year ago period, its 3rd consecutive strong quarterly comparison above the +25% minimum guideline (C criteria), helping it better match with the fundamental guidelines of the fact-based investment system. Annual earnings growth (A criteria) has been strong. The high-ranked Retail-DiscountandVariety firm completed its new IPO at $17 on 6/28/19. It has a new CEO as of 2/03/20
BJ has a fairly small supply of 137.9 million shares outstanding (S criteria). The number of top-rated funds owning its shares rose from 533 in Dec '19 to 739 in Sep '20, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 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 |
CRL
-
NYSE
Charles River Labs Intl
DRUGS - Biotechnology
|
$233.46
|
-0.65
-0.28% |
$235.88
|
176,232
50.93% of 50 DAV
50 DAV is 346,000
|
$257.88
-9.47%
|
7/15/2020
|
$192.66
|
PP = $189.95
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MB = $199.45
|
Most Recent Note - 11/18/2020 5:38:35 PM
G - After a "negative reversal" at its all-time high on 11/09/20 support is defined by an upward trendline and its 50 DMA line ($231). More damaging losses would raise greater concerns and may trigger a worrisome technical sell signal. Reported Sep '20 quarterly earnings +38% on +11% sales revenues versus the year ago period, above the +25% minimum earnings guideline (C criteria).
>>> FEATURED STOCK ARTICLE : Earnings Due; Consolidating Near Prior High and Above 50 DMA Line - 10/27/2020 |
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C
A
S
I |
AMD
-
NASDAQ
Advanced Micro Devices
ELECTRONICS - Semiconductor - Broad Line
|
$85.54
|
+3.00
3.63% |
$85.64
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49,681,235
97.24% of 50 DAV
50 DAV is 51,093,000
|
$94.28
-9.27%
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11/18/2020
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$82.54
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PP = $88.72
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MB = $93.16
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Most Recent Note - 11/18/2020 5:35:54 PM
Y - Color code is changed to yellow with new pivot point cited based on its 10/08/20 high while still building on a "double bottom" base. Volume totals are cooling while consolidating above its 50 DMA line ($80.66). Prior lows in the $73 area define important near term support. Subsequent gains above the pivot point backed by at least +40% above average volume are needed to trigger trigger a technical buy signal.
>>> FEATURED STOCK ARTICLE : Weak Action Raised Concern While Testing Recent Low - 11/3/2020 |
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C
A
S
I |
TER
-
NASDAQ
Teradyne Inc
ELECTRONICS - Semiconductor Equipment and Mate
|
$106.47
|
+1.65
1.57% |
$106.63
|
1,038,706
46.60% of 50 DAV
50 DAV is 2,229,000
|
$107.24
-0.72%
|
10/21/2020
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$92.22
|
PP = $93.54
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|
MB = $98.22
|
Most Recent Note - 11/16/2020 5:45:03 PM
G - Posted a big gain today with below average (but higher) volume for a new all-time high. Reported earnings +53% on +41% sales revenues for the Sep '20 quarter versus the year ago period, its 4th consecutive quarterly comparison with earnings above the +25% minimum earnings guideline (C criteria). Sequential comparisons show encouraging acceleration in its sales revenues growth rate. Its annual earnings (A criteria) history has been strong.
>>> FEATURED STOCK ARTICLE : Recent Gains for New Highs Lacked Great Volume Conviction - 11/11/2020 |
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C
A
S
I |
TREX
-
NYSE
Trex Company Inc
MATERIALS and CONSTRUCTION - General Building Materials
|
$75.34
|
+2.67
3.67% |
$75.97
|
782,899
95.59% of 50 DAV
50 DAV is 819,000
|
$81.23
-7.25%
|
6/26/2020
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$54.53
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PP = $66.47
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MB = $69.79
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Most Recent Note - 11/19/2020 12:00:39 PM
G - Rebounding above its 50 DMA line ($72.84) with today's gain backed by light volume. Found support when testing the prior low ($63.32 on 9/21/20). Recently noted that it reported Sep '20 quarterly earnings +14% on +19% sales revenues versus the year ago period, below the +25% minimum guideline (C criteria) raising fundamental concerns.
>>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Technical Stance - 11/4/2020 |
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C
A
S
I |
CLFD
-
NASDAQ
Clearfield Inc
TELECOMMUNICATIONS - Cables / Satalite Equipment
|
$22.69
|
-0.34
-1.48% |
$22.96
|
60,227
61.46% of 50 DAV
50 DAV is 98,000
|
$25.97
-12.63%
|
11/17/2020
|
$22.06
|
PP = $26.07
|
|
MB = $27.37
|
Most Recent Note - 11/17/2020 6:23:33 PM
Y - Suffered a volume-driven loss today testing support at its 50 DMA line ($21.74). More damaging losses would raise concerns. It was highlighted in yellow with pivot point cited based on its 11/09/20 high plus 10 cents in the earlier mid-day report. It has formed an advanced "ascending base" marked by 3 pullbacks of 10-20% after a big breakaway gap on 7/24/20. Subsequent gains above the pivot point marked by +40% above average volume are needed to trigger a proper technical buy signal. Reported earnings +57% on +14% sales revenues for the Sep '20 quarter versus the year ago period, its 3rd consecutive quarterly earnings comparison above the +25% minimum guideline (C criteria). Annual earnings (A criteria) history has improved after a downturn in FY '17. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Formed Ascending Base Following Earlier Breakway Gap - 11/17/2020 |
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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 |
LGIH
-
NASDAQ
L G I Homes Inc
Bldg-Resident/Comml
|
$110.02
|
-0.43
-0.39% |
$112.04
|
266,082
100.79% of 50 DAV
50 DAV is 264,000
|
$132.98
-17.27%
|
10/1/2020
|
$123.17
|
PP = $124.04
|
|
MB = $130.24
|
Most Recent Note - 11/16/2020 5:43:31 PM
G - Encountered more distributional pressure today while sputtering below its 50 DMA line ($116) which may act as resistance after a damaging volume-driven loss on the prior session. A rebound above the 50 DMA line is needed for its outlook to improve. Reported Sep '20 quarterly earnings +27% on +11% sales revenues versus the year ago period.
>>> FEATURED STOCK ARTICLE : Rebound Toward 50-Day Average Which May Act as Resistance - 11/10/2020 |
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C
A
S
I |
NOW
-
NYSE
Servicenow Inc
Computer Sftwr-Enterprse
|
$514.33
|
+7.21
1.42% |
$519.93
|
967,168
74.63% of 50 DAV
50 DAV is 1,296,000
|
$537.53
-4.32%
|
8/20/2020
|
$453.34
|
PP = $454.79
|
|
MB = $477.53
|
Most Recent Note - 11/17/2020 6:25:03 PM
G - Consolidating above its 50 DMA line ($492) while still hovering near its all-time high. Tested the prior low ($472 on 11/03/20) noted as important support where a damaging violation raises greater concerns. Recently reported Sep '20 quarterly earnings +22% on +30% sales revenues versus the year ago period, below the +25% minimum guideline (C criteria) of the fact-based investment system.
>>> FEATURED STOCK ARTICLE : Found Prompt Support at 50 DMA Line After Earnings News - 10/29/2020 |
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C
A
S
I |
VEEV
-
NYSE
Veeva Systems Inc Cl A
Computer Sftwr-Medical
|
$272.57
|
+7.39
2.79% |
$275.79
|
931,965
114.49% of 50 DAV
50 DAV is 814,000
|
$313.99
-13.19%
|
10/6/2020
|
$287.71
|
PP = $298.86
|
|
MB = $313.80
|
Most Recent Note - 11/19/2020 1:27:21 PM
G - Rebounding today with lighter volume, and it faces resistance due to overhead supply up to the $314 area. Damaging volume-driven losses violated its 50 DMA line and briefly undercut the prior low ($263). A rebound above the 50 DMA line ($281.80) is needed to help its outlook improve.
>>> FEATURED STOCK ARTICLE : Weak Technical Action Raised Recent Concerns - 11/16/2020 |
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C
A
S
I |
ALRM
-
NASDAQ
Alarm.com Holdings Inc
Security/Sfty
|
$70.51
|
+0.58
0.83% |
$72.37
|
416,634
120.76% of 50 DAV
50 DAV is 345,000
|
$79.38
-11.17%
|
11/6/2020
|
$71.88
|
PP = $74.76
|
|
MB = $78.50
|
Most Recent Note - 11/18/2020 12:11:32 PM
Y - It stalled after reaching a new all-time high. Previously noted - "Subsequent gains above the pivot point may help clinch a convincing technical buy signal. Reported earnings +32% on +24% sales revenues for the Sep '20 quarter versus the year ago period, an improvement after +3% earnings in the Jun quarter. Prior quarterly comparisons were near or above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong, a good match with the fact-based investment system."
>>> FEATURED STOCK ARTICLE : Encountered Distributional Pressure as it Hit a New High - 11/9/2020 |
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C
A
S
I |
TEAM
-
NASDAQ
Atlassian Corp Plc Cl A
Comp Sftwr-Spec Enterprs
|
$199.45
|
+5.75
2.97% |
$202.00
|
2,742,268
156.34% of 50 DAV
50 DAV is 1,754,000
|
$216.30
-7.79%
|
10/12/2020
|
$193.77
|
PP = $199.60
|
|
MB = $209.58
|
Most Recent Note - 11/19/2020 1:16:56 PM
G - Consolidating above its 50 DMA line ($190) in recent weeks, perched not far off its all-time high. Found prompt support after undercutting the prior low ($180) but it has not formed a sound new base of sufficient length. Reported earnings +7% on +26% sales revenues for the Sep '20 quarter versus the year ago period, well below the +25% minimum earnings guideline (C criteria), raising concerns.
>>> FEATURED STOCK ARTICLE : Weak Technical Action Followed Disappointing Fundamental News - 11/2/2020 |
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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 |
YETI
-
NYSE
Yeti Holdings Inc
Leisure-Products
|
$60.23
|
+2.75
4.78% |
$60.43
|
1,062,711
82.89% of 50 DAV
50 DAV is 1,282,000
|
$62.72
-3.97%
|
11/5/2020
|
$57.25
|
PP = $55.14
|
|
MB = $57.90
|
Most Recent Note - 11/19/2020 12:08:13 PM
G - Rebounding impressively and its color code is changed to green after rising above its "max buy" level again challenging its all-time high after an abrupt pullback. Its 50 DMA line ($50.72) defines near-term support above prior lows
>>> FEATURED STOCK ARTICLE : Finished Strong After Breakout Gain Was Noted in Mid-Day Report - 11/5/2020 |
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C
A
S
I |
BJ
-
NYSE
B J S Whlsl Club Hldgs
Retail-DiscountandVariety
|
$44.55
|
+1.55
3.60% |
$44.69
|
7,874,568
369.18% of 50 DAV
50 DAV is 2,133,000
|
$47.46
-6.13%
|
11/19/2020
|
$42.97
|
PP = $47.56
|
|
MB = $49.94
|
Most Recent Note - 11/19/2020 5:05:24 PM
Y - Finished strong with today's 4th consecutive gain on higher volume after highlighted in yellow with pivot point cited based on its 8/26/20 high plus 10 cents while consolidating above its 50 DMA line ($40.59). Subsequent volume-driven gains above the pivot point may trigger a technical buy signal. Reported Oct '20 quarterly results +124% on +16% sales revenues versus the year ago period, its 3rd consecutive strong quarterly comparison above the +25% minimum guideline (C criteria), helping it better match with the fundamental guidelines of the fact-based investment system. Annual earnings growth (A criteria) has been strong. Completed its new IPO at $17 on 6/28/19. Has a new CEO as of 2/03/20. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Rebounding Near High With 3rd Strong Quarterly Report - 11/19/2020 |
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C
A
S
I |
AAXN
-
NASDAQ
Axon Enterprise Inc
Security/Sfty
|
$123.10
|
+3.27
2.73% |
$124.46
|
548,609
98.32% of 50 DAV
50 DAV is 558,000
|
$128.39
-4.12%
|
11/6/2020
|
$122.75
|
PP = $113.00
|
|
MB = $118.65
|
Most Recent Note - 11/19/2020 4:19:57 PM
G - Posted a gain today with average volume for its 2nd best ever close. Recently reported Sep '20 quarterly earnings +43% on +27% sales revenues versus the year ago period. It broke out of a cup-with-high-handle base with volume drying up during the handle.
>>> FEATURED STOCK ARTICLE : Breakaway Gap From Cup-With-High-Handle Pattern - 11/6/2020 |
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C
A
S
I |
QTWO
-
NYSE
Q2 Holdings Inc
Computer Sftwr-Financial
|
$112.30
|
+3.08
2.82% |
$112.38
|
386,275
97.30% of 50 DAV
50 DAV is 397,000
|
$109.91
2.17%
|
11/12/2020
|
$105.14
|
PP = $106.54
|
|
MB = $111.87
|
Most Recent Note - 11/19/2020 4:18:29 PM
G - Hit a new all-time high while it rallied above the "max buy" level and its color code is changed to green after today's 4th consecutive gain backed by near average volume. Showed great earning increases with strong underlying sales revenues growth for the Jun and Sep '20 quarters versus the year ago periods. Annual earnings growth has been strong. Completed new Public Offerings on 6/06/19 and 5/13/20.
>>> FEATURED STOCK ARTICLE : Churning Action Near Prior High Indicative of Distributional Pressure - 11/12/2020 |
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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
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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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