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AFTER MARKET UPDATE - MONDAY, JANUARY 6TH, 2025
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DOW |
-25.57 |
42,706.56 |
-0.06% |
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Volume |
1,059,966,098 |
+30% |
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Volume |
9,961,648,500 |
+17% |
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NASDAQ |
+243.30 |
19,864.98 |
+1.24% |
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Advancers |
1,158 |
43% |
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Advancers |
2,281 |
52% |
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S&P 500 |
+32.91 |
5,975.38 |
+0.55% |
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Decliners |
1,547 |
57% |
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Decliners |
2,093 |
48% |
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Russell 2000 |
-1.83 |
2,266.65 |
-0.08% |
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52 Wk Highs |
64 |
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52 Wk Highs |
139 |
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S&P 600 |
-1.81 |
1,420.41 |
-0.13% |
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52 Wk Lows |
31 |
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52 Wk Lows |
54 |
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Leadership Improved as Major Indices Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 traded up as much as +1.3% at its session high before closing +0.6% higher. The S&P 500 opened above its 50-day moving average (5,948) and stayed above that level throughout the session. The Nasdaq Composite closed +1.2% higher, meanwhile, the Dow Jones Industrial Average (-0.1%) and Russell 2000 (-0.1%) both lost ground. The volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange. Decliners led advancers by a 5-4 margin at the NYSE and advancers narrowly ed decliners at the Nasdaq exchange. Leadership improved as there were 25 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, more than doubling the 11 on the prior session. New 52-week highs outnumbered new 52-week lows on the NYSE and 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 Nasdaq Composite Index recently found support near its 50-day moving average (DMA) line.
Seven S&P 500 sectors closed lower while four settled higher. The rate-sensitive utilities (-1.1%) and real estate (-1.4%) sectors had the largest losses. The communication services (+2.1%) and information technology (+1.4%) sectors were top gainers, reflecting leadership from mega cap and chipmaker components. NVIDIA (NVDA +3.4%) outperformed ahead of CEO Jensen Huang's keynote address at the Consumer Electronics Show (CES). The 10-yr yield settled at 4.61%.
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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, Financial, and Tech Indexes Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Broker/Dealer Index ($XBD +0.47%) and the Bank Index ($BKX +0.77%) posted gains and the Retail Index ($RLX +1.16%) posted a larger gain. The tech sector had a positive bias as the Semiconductor Index ($SOX +2.84%) outpaced the Networking Index ($NWX +1.24%) and the Biotech Index ($BTK +0.43%). Commodity-linked groups had a negative bias as the Gold & Silver Index ($XAU -0.97%), Oil Services Index ($OSX -0.23%) and the Integrated Oil Index ($XOI -0.43%) each lost ground.
PICTURED: The Semiconductor Index ($SOX +2.84%) is rallying above its 50-day and 200-day moving average (DMA) lines toward prior highs.
| Oil Services |
$OSX |
74.57 |
-0.17 |
-0.23% |
+2.71% |
| Integrated Oil |
$XOI |
1,800.47 |
-7.82 |
-0.43% |
+2.09% |
| Semiconductor |
$SOX |
5,310.14 |
+146.50 |
+2.84% |
+6.63% |
| Networking |
$NWX |
1,275.86 |
+15.57 |
+1.24% |
+2.19% |
| Broker/Dealer |
$XBD |
827.55 |
+3.87 |
+0.47% |
+2.76% |
| Retail Index |
$RLX |
5,285.50 |
+60.60 |
+1.16% |
+2.15% |
| Gold & Silver |
$XAU |
140.09 |
-1.38 |
-0.97% |
+2.12% |
| Bank |
$BKX |
129.84 |
+1.00 |
+0.77% |
+1.86% |
| Biotech |
$BTK |
5,845.64 |
+25.31 |
+0.43% |
+1.74% |
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Featured Stocks
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
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 | $89.90 | +0.46
0.51% | $90.85 | 352,105
54.00% of 50 DAV
50 DAV is 652,000 | $105.20
-14.54%
| 6/11/2024 | $59.76 | PP = $64.33 | | MB = $67.55 | 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 | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | TXRH - NASDAQ
Texas Roadhouse
Retail-Restaurants | $180.97 | -1.97
-1.08% | $184.43 | 665,145
93.68% of 50 DAV
50 DAV is 710,000 | $206.04
-12.17%
| 7/26/2024 | $173.08 | PP = $175.82 | | MB = $184.61 | 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 | 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 | $112.47 | -0.29
-0.26% | $114.36 | 2,114,654
90.33% of 50 DAV
50 DAV is 2,341,000 | $120.71
-6.83%
| 7/30/2024 | $93.95 | PP = $85.52 | | MB = $89.80 | 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 | 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 | $41.23 | -0.22
-0.53% | $41.79 | 118,977
107.19% of 50 DAV
50 DAV is 111,000 | $47.57
-13.33%
| 11/5/2024 | $30.57 | PP = $30.42 | | MB = $31.94 | 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 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | CLS - NYSE
Celestica
Elec-Contract Mfg | $98.76 | +1.84
1.90% | $101.09 | 2,003,602
86.66% of 50 DAV
50 DAV is 2,312,000 | $100.51
-1.74%
| 10/11/2024 | $57.62 | PP = $63.59 | | MB = $66.77 | 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 | 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 | PAY - NYSE
Paymentus Holdings
Finance-CrdtCard/PmtPr | $32.99 | -2.01
-5.74% | $35.65 | 511,407
110.22% of 50 DAV
50 DAV is 464,000 | $38.94
-15.28%
| 1/3/2025 | $34.21 | PP = $38.94 | | MB = $40.89 |  Most Recent Note - 1/6/2025 6:04:36 PM
Y - There was a "negative reversal" today and it closed near the session low while negating most of the prior session''s big gain after finding support at its 50 DMA line ($32.30). Color code was 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 | 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 | $235.09 | +3.42
1.48% | $237.25 | 793,782
86.47% of 50 DAV
50 DAV is 918,000 | $260.49
-9.75%
| 10/25/2024 | $256.64 | PP = $255.28 | | MB = $268.04 | 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 | 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 | $94.65 | -0.32
-0.34% | $97.37 | 432,557
102.50% of 50 DAV
50 DAV is 422,000 | $95.30
-0.68%
| 12/31/2024 | $91.50 | PP = $93.03 | | MB = $97.68 | 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 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | TW - NASDAQ
Tradeweb Markets
Financial Svcs-Specialty | $132.06 | -2.37
-1.76% | $134.60 | 960,229
114.72% of 50 DAV
50 DAV is 837,000 | $141.69
-6.80%
| 11/19/2024 | $134.41 | PP = $136.23 | | MB = $143.04 | 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 | View all notes | Set NEW NOTE alert | Company Profile | SEC News | Chart | Request a new note C A S I | ATAT - NASDAQ
Atour Lifestyle Hldgs ADR
Leisure-Lodging | $25.53 | -1.02
-3.84% | $26.93 | 1,256,183
100.09% of 50 DAV
50 DAV is 1,255,000 | $29.90
-14.62%
| 12/9/2024 | $29.34 | PP = $29.25 | | MB = $30.71 | Most Recent Note - 1/6/2025 6:07:32 PM
G - Color code is changed to green after slumping well below its 50 DMA line ($26.69). Today''s more damaging loss below the prior low ($25.68 on 12/30/24) raised serious concerns and triggered a technical sell signal.
>>> FEATURED STOCK ARTICLE : Volume Above Average Behind Breakout Gain - 12/9/2024 | 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 | CRAI - NASDAQ
CRA International
Comml Svcs-Consulting | $184.04 | -2.53
-1.36% | $187.90 | 32,481
92.80% of 50 DAV
50 DAV is 35,000 | $210.70
-12.65%
| 12/17/2024 | $208.34 | PP = $208.48 | | MB = $218.90 | 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 | 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***
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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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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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