US Stock Market Sector Analysis – Monday, August 05, 2024 BEARISH

The US stock market sold off broadly today as the Magnificent 7 led a sharp pullback, with NVIDIA (NVDA) tumbling 6.4% to $100.28 and Apple (AAPL) down 4.8% to $207.47, pressuring the S&P 500. Twenty-two of 24 sectors finished lower, led by Airlines (-5.3%) after Delta (DAL) fell 4.8% to $37.08 and United (UAL) slid 5.7% to $37.88, while only Chip Equipment (+0.8%) and Hospitality & Travel (+0.3%) eked out gains. Active alerts highlighted medium risk sellers on Amazon (AMZN) down 4.1% to $161.02 and NVDA setbacks of -21.8% from 20-day highs, signaling momentum exhaustion across mega-cap AI names. Volatility clustered in cyclical and tech-linked sectors, leaving only Utilities and Defense & Aerospace holding above the 50-day moving average on a sector basis.

Market Condition Dashboard

US 10-Year Treasury Yield

Neutral

3.78%

stable

Impact

Confidence

Crude Oil (WTI)

Neutral

$72.94

-0.8% 1D

Impact

Confidence

VIX (Fear Index)

Fear Rising — Not Yet Buy Signal

38.6

+64.9% 1D

Impact

Confidence

Put/Call Ratio (5D)

Caution

0.75

Call-Heavy · stable

Impact

Confidence

Signal analysis only — not investment advice

Sector Performance (Base=100)

AI and Technology Sector Analysis

The AI investment theme showed clear strain today as the Mag 7 retreat weighed on broad technology sentiment: NVIDIA (NVDA) $100.28 led declines while Microsoft (MSFT) $389.04 and Amazon (AMZN) $161.02 were also weaker. Chip supply chain names were mixed — AMD gained 1.8% to $134.82 while Intel (INTC) plunged 6.4% to $19.98 — underscoring the bifurcation between AI-capable silicon winners and legacy foundry/CPU exposure. Infrastructure and enterprise software names felt secondary selling, with Enterprise Software down 2.3%, suggesting investors rotated away from high multiple AI plays into select hardware and defensive pockets.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	-4.3%	-5.7%	N/A	BELOW
Chip Supply Chain	-1.9%	-10.2%	N/A	BELOW
Infrastructure	-3.4%	-8.3%	N/A	BELOW
Enterprise Software	-2.3%	-5.9%	N/A	BELOW
Finance	-2.3%	-9.3%	N/A	BELOW
Healthcare	-3.5%	-1.5%	N/A	BELOW
Retail	-1.9%	-1.7%	N/A	BELOW
IT Services	-3.0%	-4.4%	N/A	BELOW
Airlines	-5.3%	-15.5%	N/A	BELOW
Hospitality & Travel	+0.3%	-10.3%	N/A	BELOW
Food & Restaurant	-2.8%	-1.0%	N/A	BELOW
Logistics	-2.4%	-4.1%	N/A	BELOW
Industrial	-1.6%	-4.4%	N/A	BELOW
Cybersecurity	-1.5%	-6.3%	N/A	BELOW
Chip Equipment	+0.8%	-7.4%	N/A	BELOW
Data Center REITs	-4.5%	-0.2%	N/A	BELOW
Utilities	-2.7%	+2.7%	N/A	ABOVE
Energy	-2.2%	-6.1%	N/A	BELOW
Defense & Aerospace	-1.3%	-0.8%	N/A	ABOVE
Telecom	-2.1%	+1.9%	N/A	BELOW
Media & Entertainment	-2.2%	-5.1%	N/A	BELOW
Biotech	-2.6%	-3.3%	N/A	BELOW
Materials	-1.7%	+1.9%	N/A	BELOW
Analog & Embedded Chips	-2.7%	-12.0%	N/A	BELOW

Sector Strength

Chip Equipment +0.8% 20d: N/A

ASML +1.4% [<50MA], Lam Research (LRCX) +1.0% [<50MA], Applied Materials (AMAT) +0.0% [<50MA]

Hospitality & Travel +0.3% 20d: N/A

Booking (BKNG) +1.7% [<50MA], Marriott (MAR) -1.1% [<50MA]

Sector Warnings

Airlines -5.3% 20d: N/A

United (UAL) -5.7% [<50MA], Delta (DAL) -4.8% [<50MA]

Data Center REITs -4.5% 20d: N/A

Equinix (EQIX) -4.8% [<50MA], Digital Realty (DLR) -4.2% [<50MA]

Mag 7 (AI Spenders) -4.3% 20d: N/A

NVIDIA (NVDA) -6.4% [<50MA], Apple (AAPL) -4.8% [<50MA], Alphabet (GOOG) -4.6% [<50MA]

Healthcare -3.5% 20d: N/A

Eli Lilly (LLY) -3.6% [<50MA], UnitedHealth (UNH) -3.4%

Infrastructure -3.4% 20d: N/A

Cisco (CSCO) -4.1% [<50MA], Dell (DELL) -4.0% [<50MA], Hewlett Packard Enterprise (HPE) -3.8% [<50MA]

Sector Deep Dive

Chip Supply Chain and Equipment: Chip Supply Chain fell 1.9% on the day while Chip Equipment managed a 0.8% rise, reflecting divergent investor preferences within semiconductors over the 50-day horizon where both groups sit BELOW their 50-day averages. ASML (ASML) rallied 1.4% to $807.87 as capital expenditure narratives persist, and Lam Research (LRCX) gained 1.0% to $75.73, each showing relative strength inside a broader 50-day weak tape; conversely Intel (INTC) dropped 6.4% to $19.98, amplifying caution around legacy CPU demand and dragging the supply-chain cohort lower.

Airlines & Travel: Airlines led losses with a -5.3% sector performance and remains BELOW its 50-day average, signaling a deterioration in travel momentum through the last 50 trading days. Delta (DAL) declined 4.8% to $37.08 and United (UAL) fell 5.7% to $37.88, both reflecting stat-driven and sentiment-driven outflows; Booking (BKNG) bucked the trend in Hospitality & Travel, rising 1.7% to $133.17, but the sector’s overall 50-day context indicates decreasing investor appetite for cyclical travel exposure.

Enterprise Software & Cybersecurity: Enterprise Software slid 2.3% and Cybersecurity fell 1.5%, with both sectors trading BELOW their 50-day averages as investors trimmed growth multiples amid market-wide risk-off. CrowdStrike (CRWD) was a notable outlier, advancing 1.9% to $55.51 on strong relative demand for defensive software exposure, yet the broader 50-day trend warns that software names face tougher near-term technicals as capital rebalances away from discretionary tech spend.

Energy and Utilities contrast: Energy fell 2.2% and sits BELOW its 50-day average, pressured by commodity weakness and risk-off flows, while Utilities bucked the move, rising 2.7% and remaining ABOVE its 50-day average as money moved into defensive yield. The juxtaposition across the last 50 days highlights rotation into traditionally defensive sectors even as cyclical and rate-sensitive areas show persistent downside pressure.

Market Breadth Analysis

US stock market breadth analysis shows 2 of 24 sectors trading above their 50-day moving average, while 22 are below. With the majority of sectors below the 50-day MA, medium-term momentum is deteriorating. The 20-day breadth shows 24 sectors in negative territory, pointing to widespread selling pressure.

Interactive Charts

S&P 500 & NASDAQ 100

50-Day Sector Performance

1-Day vs 5-Day Sector Change

Active Alerts

MEDIUM AMZN down -16.6% from 20-day high

MEDIUM NVDA down -21.8% from 20-day high

MEDIUM TSLA down -22.5% from 20-day high

LOW Airlines below 50-day MA with avg 5 consecutive down days

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
META	$472.56	-2.5%	+2.7%	N/A	N/A	BELOW	2
MSFT	$389.04	-3.3%	-6.6%	N/A	N/A	BELOW	5
AMZN	$161.02	-4.1%	-11.4%	N/A	N/A	BELOW	3
TSLA	$198.88	-4.2%	-10.7%	N/A	N/A	BELOW	3
GOOG	$159.42	-4.6%	-6.5%	N/A	N/A	BELOW	3
AAPL	$207.47	-4.8%	-4.4%	N/A	N/A	BELOW	1
NVDA	$100.28	-6.4%	-3.2%	N/A	N/A	BELOW	3

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMD	$134.82	+1.8%	-2.6%	N/A	N/A	BELOW	0
QCOM	$151.36	-0.9%	-5.4%	N/A	N/A	BELOW	3
AVGO	$139.46	-1.2%	-1.0%	N/A	N/A	BELOW	3
TSM	$144.24	-1.3%	-4.3%	N/A	N/A	BELOW	3
ARM	$110.45	-2.6%	-16.9%	N/A	N/A	BELOW	3
MRVL	$57.36	-2.7%	-8.2%	N/A	N/A	BELOW	3
INTC	$19.98	-6.4%	-33.3%	N/A	N/A	BELOW	3

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
VRT	$67.56	-2.5%	-7.3%	N/A	N/A	BELOW	3
SMCI	$60.88	-2.5%	-8.6%	N/A	N/A	BELOW	3
HPE	$16.52	-3.8%	-8.7%	N/A	N/A	BELOW	3
DELL	$95.37	-4.0%	-9.6%	N/A	N/A	BELOW	3
CSCO	$42.66	-4.1%	-7.1%	N/A	N/A	BELOW	3

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NOW	$156.25	-1.2%	-2.2%	N/A	N/A	ABOVE	3
CRM	$235.62	-2.0%	-7.3%	N/A	N/A	BELOW	3
PLTR	$24.09	-2.6%	-8.6%	N/A	N/A	BELOW	3
ADBE	$509.32	-3.2%	-5.5%	N/A	N/A	BELOW	3

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
JPM	$187.04	-2.1%	-9.4%	N/A	N/A	BELOW	4
GS	$440.72	-2.5%	-9.2%	N/A	N/A	BELOW	3

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UNH	$544.81	-3.4%	-1.1%	N/A	N/A	ABOVE	1
LLY	$764.58	-3.6%	-1.9%	N/A	N/A	BELOW	2

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$66.35	-1.3%	-2.3%	N/A	N/A	BELOW	2
COST	$794.37	-2.5%	-1.0%	N/A	N/A	BELOW	1

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ACN	$301.85	-2.9%	-4.7%	N/A	N/A	BELOW	3
IBM	$173.49	-3.1%	-4.0%	N/A	N/A	BELOW	3

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DAL	$37.08	-4.8%	-12.3%	N/A	N/A	BELOW	4
UAL	$37.88	-5.7%	-18.7%	N/A	N/A	BELOW	6

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$133.17	+1.7%	-9.1%	N/A	N/A	BELOW	0
MAR	$207.43	-1.1%	-11.5%	N/A	N/A	BELOW	4

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SBUX	$70.21	-2.7%	-2.7%	N/A	N/A	BELOW	1
MCD	$256.08	-3.0%	+0.8%	N/A	N/A	ABOVE	1

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UPS	$111.55	-1.6%	-2.3%	N/A	N/A	BELOW	2
FDX	$218.95	-3.2%	-5.9%	N/A	N/A	BELOW	3

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CAT	$309.65	-1.3%	-7.3%	N/A	N/A	BELOW	3
HON	$189.21	-2.0%	-1.4%	N/A	N/A	BELOW	3

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CRWD	$55.51	+1.9%	-5.0%	N/A	N/A	BELOW	0
ZS	$165.23	-2.5%	-6.5%	N/A	N/A	BELOW	3
PANW	$147.09	-3.7%	-7.3%	N/A	N/A	BELOW	3

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
ASML	$807.87	+1.4%	-4.6%	N/A	N/A	BELOW
LRCX	$75.73	+1.0%	-9.9%	N/A	N/A	BELOW
AMAT	$178.88	+0.0%	-7.5%	N/A	N/A	BELOW

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DLR	$136.33	-4.2%	-0.4%	N/A	N/A	BELOW	2
EQIX	$735.97	-4.8%	-0.1%	N/A	N/A	BELOW	2

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SO	$81.08	-2.3%	+3.8%	N/A	N/A	ABOVE	1
DUK	$103.36	-2.6%	+1.0%	N/A	N/A	ABOVE	1
NEE	$72.36	-3.2%	+3.2%	N/A	N/A	ABOVE	1

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
XOM	$107.48	-1.8%	-2.9%	N/A	N/A	BELOW	3
CVX	$132.81	-2.6%	-9.3%	N/A	N/A	BELOW	3

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LMT	$517.41	-0.6%	+1.4%	N/A	N/A	ABOVE	2
RTX	$111.03	-1.1%	-1.5%	N/A	N/A	ABOVE	3
GD	$275.17	-2.2%	-2.4%	N/A	N/A	BELOW	3

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TMUS	$180.89	-1.0%	+6.6%	N/A	N/A	ABOVE	1
T	$17.25	-2.4%	-0.4%	N/A	N/A	BELOW	2
VZ	$34.91	-2.9%	-0.6%	N/A	N/A	BELOW	1

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DIS	$85.78	-2.0%	-6.4%	N/A	N/A	BELOW	4
NFLX	$59.85	-2.5%	-3.9%	N/A	N/A	BELOW	3

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GILD	$70.65	-2.5%	-4.1%	N/A	N/A	ABOVE	1
AMGN	$305.86	-2.6%	-2.4%	N/A	N/A	BELOW	2

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
APD	$264.67	-1.2%	+5.4%	N/A	N/A	ABOVE	2
LIN	$432.18	-2.3%	-1.6%	N/A	N/A	BELOW	1

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCHP	$69.96	-2.1%	-14.7%	N/A	N/A	BELOW	3
TXN	$172.34	-3.3%	-9.3%	N/A	N/A	BELOW	3

Key Stock Movers

Today's biggest movers by absolute percentage change: Intel (INTC) (Chip Supply Chain) fell 6.4% to $19.98. NVIDIA (NVDA) (Mag 7 (AI Spenders)) fell 6.4% to $100.28. United (UAL) (Airlines) fell 5.7% to $37.88. Apple (AAPL) (Mag 7 (AI Spenders)) fell 4.8% to $207.47. Delta (DAL) (Airlines) fell 4.8% to $37.08. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

There are 3 medium-severity risk signals to monitor. While not requiring immediate action, keep an eye on the flagged sectors for further deterioration.

US Stock Market Outlook

Near-term market risk is elevated: active alerts count three medium/low signals and 22 of 24 sectors trade BELOW their 50-day moving averages, signaling weak breadth and a 50-day trend that favors downside. With only two sectors above their 50MA and the Mag 7 underselling pressure, prudent positioning favors reducing cyclicals and high-beta long exposure while selectively adding defensive utility and high-quality software names on confirmed 50-day support. Monitor alert triggers on AMZN, NVDA and TSLA for directional cues; if more sectors drop below their 50-day averages, increase cash or hedged allocations.

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