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AFTER MARKET UPDATE - FRIDAY, JANUARY 3RD, 2025
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DOW |
+339.86 |
42,732.13 |
+0.80% |
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Volume |
816,973,199 |
-4% |
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Volume |
8,536,007,900 |
-6% |
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NASDAQ |
+340.88 |
19,621.68 |
+1.77% |
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Advancers |
2,079 |
76% |
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Advancers |
3,196 |
73% |
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S&P 500 |
+73.92 |
5,942.47 |
+1.26% |
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Decliners |
659 |
24% |
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Decliners |
1,155 |
27% |
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Russell 2000 |
+38.31 |
2,268.47 |
+1.72% |
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52 Wk Highs |
38 |
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52 Wk Highs |
88 |
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S&P 600 |
+17.31 |
1,422.22 |
+1.23% |
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52 Wk Lows |
54 |
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52 Wk Lows |
45 |
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Breadth Positive as Major Indices Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
All of the major indices rose on Friday as the S&P 500 closed +1.3% higher but it still ended below its 50-day moving average (5,944) line. The volume totals were lighter than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was positive as advancers led decliners by a 3-1 margin at the NYSE and at the Nasdaq exchange. Leadership improved as there were 11 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, up from 9 on the prior session. New 52-week lows again outnumbered new 52-week highs on the NYSE, meanwhile new highs outnumbered new lows on the Nasdaq exchange. The major indices' uptrend has come under pressure (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 S&P 500 Index rebounded near its 50-day moving average (DMA) line.
24 of the 30 Dow components registered gains and all 11 S&P 500 sectors closed higher. The consumer discretionary sector led by a wide margin, up +2.4% thanks to a gain in Amazon.com (AMZN +1.8%) and a big gain from Tesla (TSLA +8.2%). Shares of US Steel (X -5.6%) fell after the White House confirmed that President Biden will block the Nippon Steel takeover. Nippon Steel Corporation and US Steel released a statement condemning the U.S. Government’s decision to block proposed acquisition of US Steel, calling it unlawful.
The 10-yr yield settled two basis points higher at 4.60% and the 2-yr yield settled three basis points higher at 4.28%. |
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, Financial, Tech, and Energy-Linked Groups Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +1.15%) and the Bank Index ($BKX +1.19%) posted gains along with the Retail Index ($RLX +1.29%). The tech sector had a positive bias as the Semiconductor Index ($SOX +2.83%) outpaced the Networking Index ($NWX +0.68%) and the Biotech Index ($BTK +0.76%). Commodity-linked groups were mixed as the Gold & Silver Index ($XAU -1.04%) fell while the Oil Services Index ($OSX +0.66%) and the Integrated Oil Index ($XOI +1.24%) both posted gains.
PICTURED: The Broker/Dealer Index ($XBD +1.15%) is consolidating near its 50-day moving average (DMA) line, finding support.
| Oil Services |
$OSX |
74.74 |
+0.49 |
+0.66% |
+2.95% |
| Integrated Oil |
$XOI |
1,808.28 |
+22.13 |
+1.24% |
+2.54% |
| Semiconductor |
$SOX |
5,163.65 |
+142.15 |
+2.83% |
+3.69% |
| Networking |
$NWX |
1,260.29 |
+8.55 |
+0.68% |
+0.94% |
| Broker/Dealer |
$XBD |
823.69 |
+9.39 |
+1.15% |
+2.28% |
| Retail Index |
$RLX |
5,224.90 |
+66.62 |
+1.29% |
+0.97% |
| Gold & Silver |
$XAU |
141.47 |
-1.49 |
-1.04% |
+3.12% |
| Bank |
$BKX |
128.85 |
+1.52 |
+1.19% |
+1.08% |
| Biotech |
$BTK |
5,820.34 |
+43.80 |
+0.76% |
+1.30% |
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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 |
GVA
-
NYSE
Granite Construction
Bldg-Heavy Construction
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$89.75
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+1.83
2.08% |
$89.78
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85,888
13.19% of 50 DAV
50 DAV is 651,000
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$105.20
-14.69%
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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 - 12/31/2024 4:24:09 PM
G - Still sputtering below its 50 DMA line ($92), and a rebound above that short-term average is needed for its outlook to improve. Encountering distributional pressure after a noted "negative reversal" at its all-time high. Reported Sep '24 quarterly earnings +19% on +14% sales revenues versus the year-ago period, repeatedly noted as "below the +25% minimum guideline (C criteria) of the fact-based investment system."
>>> FEATURED STOCK ARTICLE : Negative Reversal After Hitting New All-Time High - 12/6/2024 |
View all notes |
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C
A
S
I |
TXRH
-
NASDAQ
Texas Roadhouse
Retail-Restaurants
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$183.37
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+2.17
1.20% |
$183.50
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238,154
33.31% of 50 DAV
50 DAV is 715,000
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$206.04
-11.00%
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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 - 12/31/2024 4:31:01 PM
G - Volume totals have been cooling while lingering below its 50 DMA line ($191). A rebound above the 50 DMA line is needed for its outlook to improve.
>>> 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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$113.34
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+2.55
2.30% |
$113.68
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1,035,296
43.98% of 50 DAV
50 DAV is 2,354,000
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$120.71
-6.11%
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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 - 12/31/2024 4:25:05 PM
G - Quietly sputtering below its 50 DMA line ($111) yet well above the prior high ($106.93 on 10/21/24) defining near-term support levels to watch. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched at High - 12/5/2024 |
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C
A
S
I |
NGVC
-
NYSE
Natural Grocers
Retail-Super/Mini Mkts
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$41.71
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+0.44
1.07% |
$42.08
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33,134
29.85% of 50 DAV
50 DAV is 111,000
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$47.57
-12.32%
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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 - 1/2/2025 8:39:40 PM
G - Posted a 3rd consecutive gain, consolidating above its 50 DMA line ($37).. Reported Sep '24 quarterly earnings +50% on +9% sales revenues versus the year-ago period.
>>> FEATURED STOCK ARTICLE : Consolidating After Considerable Rally to New Highs - 12/16/2024 |
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C
A
S
I |
CLS
-
NYSE
Celestica
Elec-Contract Mfg
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$95.78
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+2.71
2.91% |
$97.18
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647,992
27.81% of 50 DAV
50 DAV is 2,330,000
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$100.51
-4.71%
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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 - 1/3/2025 2:44:09 PM
G - Volume totals have still been cooling while hovering near its all-time high, very extended from any sound base. Its 50 DMA line ($85.73) defines initial support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Pulling Back After Considerable Rally - 11/13/2024 |
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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 |
PAY
-
NYSE
Paymentus Holdings
Finance-CrdtCard/PmtPr
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$34.60
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+1.96
6.00% |
$34.87
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507,144
111.71% of 50 DAV
50 DAV is 454,000
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$38.94
-11.15%
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1/3/2025
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$34.21
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PP = $38.94
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MB = $40.89
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Most Recent Note - 1/3/2025 12:25:03 PM
Y - Rallying for a big gain today, finding prompt support at its 50 DMA line ($32.12). Color code is changed to yellow as a valid secondary buy point exists up to +5% above the prior high after finding support at its 10 WMA following the prior breakout.
>>> 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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$229.86
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+1.38
0.60% |
$230.66
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147,553
16.07% of 50 DAV
50 DAV is 918,000
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$260.49
-11.76%
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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 - 12/31/2024 4:28:06 PM
G - Ended down today with another small loss on light volume, still sputtering after recently shaking out below prior lows. A rebound above its 50 DMA line ($241.57) is needed for its outlook to improve. Its Relative Strength Rating is 80, right at the 80+ minimum guideline for buy candidates.
>>> 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
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$94.77
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+2.01
2.16% |
$94.89
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181,964
43.74% of 50 DAV
50 DAV is 416,000
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$95.00
-0.25%
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12/31/2024
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$91.50
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PP = $93.03
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MB = $97.68
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Most Recent Note - 12/31/2024 4:19:35 PM
Y - Color code is changed to yellow with new pivot point based on its 11/06/24 high plus 10 cents. Still consolidating in an orderly fashion above its 50 DMA line ($86.43) which defines initial support above prior highs in the $80 area. Subsequent volume-driven gains above its pivot point may trigger a new (or add-on) technical buy signal. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Hovering Near High With Volume Totals Cooling - 12/4/2024 |
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C
A
S
I |
TW
-
NASDAQ
Tradeweb Markets
Financial Svcs-Specialty
|
$134.88
|
+3.55
2.70% |
$134.91
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355,674
42.65% of 50 DAV
50 DAV is 834,000
|
$141.69
-4.81%
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11/19/2024
|
$134.41
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PP = $136.23
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MB = $143.04
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Most Recent Note - 1/3/2025 2:46:05 PM
Y - Color code is changed to yellow after rebounding above its 50 DMA line ($131.91) with today's gain approaching prior highs. It must produce a volume-driven gain above the pivot point to 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.
>>> FEATURED STOCK ARTICLE : Tradeweb Markets Perched Near High - 11/19/2024 |
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C
A
S
I |
ATAT
-
NASDAQ
Atour Lifestyle Hldgs ADR
Leisure-Lodging
|
$26.85
|
-0.17
-0.63% |
$27.76
|
448,577
35.07% of 50 DAV
50 DAV is 1,279,000
|
$29.90
-10.20%
|
12/9/2024
|
$29.34
|
PP = $29.25
|
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MB = $30.71
|
Most Recent Note - 12/31/2024 4:15:54 PM
Y - Pulled back after challenging the prior high, finding support near its 50 DMA line ($26.71). More damaging losses below the prior low ($25.68 on 12/30/24) would raise serious concerns.
>>> FEATURED STOCK ARTICLE : Volume Above Average Behind Breakout Gain - 12/9/2024 |
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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 |
CRAI
-
NASDAQ
CRA International
Comml Svcs-Consulting
|
$185.94
|
+2.79
1.52% |
$186.43
|
15,755
45.01% of 50 DAV
50 DAV is 35,000
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$210.70
-11.75%
|
12/17/2024
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$208.34
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PP = $208.48
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MB = $218.90
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Most Recent Note - 12/31/2024 4:22:19 PM
G - Color code is changed to green while lingering below its 50 DMA line. A rebound above the 50 DMA line ($191.66) is needed for its outlook to improve. Fundamentals remain strong.
>>> FEATURED STOCK ARTICLE : Volume-Driven Gain for New High Triggered Technical Buy Signal - 12/17/2024 |
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News |
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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.
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only to active Paid Premium Members.
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