US Stock Market Sector Analysis – Tuesday, November 12, 2024 BEARISH

A sharp biotech miss and weakness in select hardware names set the tone for the US stock market today, with Amgen (AMGN) tumbling 7.1% after headline news and Super Micro (SMCI) sliding 6.6%, pressuring the Healthcare and Infrastructure-linked groups. The session saw 7 sectors higher, 15 lower and 2 flat as the S&P 500 digested mixed internals; overall the Mag 7 (AI Spenders) cluster was essentially flat, down 0.1% on the day. Notable outperformance came from Enterprise Software and Cybersecurity — Adobe (ADBE) rose 4.3% to $526.42 and Zscaler (ZS) rallied 4.8% to $209.04 — while Chip Supply Chain names like Intel (INTC) led decliners. Today's moves reflect a market balancing AI leadership with pockets of profit-taking and sector rotation across cyclical and defensive names.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.43%

rising

Impact

Confidence

Crude Oil (WTI)

Neutral

$68.12

+0.1% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

14.7

-1.7% 1D

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Late-Cycle Caution

71%

48 of 68 above 50DMA · +10.3pp 5D

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 narrative remains intact; NVIDIA (NVDA) trading at $148.06 climbed 2.1% and continues to lead GPU-driven momentum while Microsoft (MSFT) at $417.24 and Amazon (AMZN) at $208.91 provide steady infrastructure and cloud demand that underpins enterprise AI spending. Chip Supply Chain weakness — Intel (INTC) at $24.16 down 3.6% — highlights near-term dispersion between leading semiconductor manufacturers and smaller equipment or analog suppliers. Enterprise software demand is validating the theme, with Adobe (ADBE) $526.42 surging on strong positioning to monetize AI workflows, suggesting a bifurcated market where core AI platforms outperform more cyclical hardware suppliers.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	-0.1%	+3.3%	+11.3%	ABOVE
Chip Supply Chain	-1.8%	-1.9%	+0.4%	ABOVE
Infrastructure	-2.3%	+0.1%	-5.7%	ABOVE
Enterprise Software	+1.2%	+7.2%	+19.7%	ABOVE
Finance	-0.8%	-1.8%	+9.5%	ABOVE
Healthcare	-1.7%	+4.2%	-1.5%	BELOW
Retail	+0.4%	+2.8%	+4.9%	ABOVE
IT Services	+0.2%	+0.4%	-6.1%	BELOW
Airlines	+0.2%	+2.3%	+18.8%	ABOVE
Hospitality & Travel	-0.4%	+2.0%	+12.4%	ABOVE
Food & Restaurant	-1.2%	+2.2%	-0.5%	BELOW
Logistics	-1.0%	-0.1%	+0.7%	BELOW
Industrial	+1.5%	+1.2%	+3.5%	ABOVE
Cybersecurity	+1.7%	+6.3%	+9.3%	ABOVE
Chip Equipment	-0.7%	-0.2%	+0.4%	BELOW
Data Center REITs	-1.1%	+2.7%	+7.1%	ABOVE
Utilities	-1.1%	-0.5%	-7.9%	BELOW
Energy	-0.4%	-1.0%	+2.1%	ABOVE
Defense & Aerospace	-0.8%	+1.7%	-2.5%	ABOVE
Telecom	-0.2%	+0.1%	+0.9%	ABOVE
Media & Entertainment	+0.9%	+3.6%	+10.6%	ABOVE
Biotech	-4.9%	-2.1%	+0.8%	BELOW
Materials	-0.5%	-0.0%	-5.3%	BELOW
Analog & Embedded Chips	-2.6%	-4.9%	-2.3%	BELOW

Sector Strength

Cybersecurity +1.7% 20d: +9.3%

Zscaler (ZS) +4.8% (20d: +9.1%), CrowdStrike (CRWD) +0.3% (20d: +12.2%), Palo Alto Networks (PANW) -0.0% (20d: +6.6%)

Industrial +1.5% 20d: +3.5%

Honeywell (HON) +3.8% (20d: +6.8%), Caterpillar (CAT) -0.9% (20d: +0.2%)

Enterprise Software +1.2% 20d: +19.7%

Adobe (ADBE) +4.3% (20d: +4.8%), ServiceNow (NOW) +1.2% (20d: +14.1%), Salesforce (CRM) -0.2% (20d: +17.3%)

Media & Entertainment +0.9% 20d: +10.6%

Netflix (NFLX) +1.7% (20d: +16.7%), Disney (DIS) +0.1% (20d: +4.4%)

Retail +0.4% 20d: +4.9%

Walmart (WMT) +0.9% (20d: +4.6%), Costco (COST) -0.1% (20d: +5.2%)

Sector Warnings

Biotech -4.9% 20d: +0.8%

Amgen (AMGN) -7.1% (20d: -7.1%) [<50MA], Gilead (GILD) -2.8% (20d: +8.8%)

Analog & Embedded Chips -2.6% 20d: -2.3%

Microchip Technology (MCHP) -3.7% (20d: -11.3%) [<50MA], Texas Instruments (TXN) -1.4% (20d: +6.7%)

Infrastructure -2.3% 20d: -5.7%

Super Micro (SMCI) -6.6% (20d: -55.5%) [<50MA], Vertiv (VRT) -2.4% (20d: +10.9%), Dell (DELL) -1.5% (20d: +8.1%)

Chip Supply Chain -1.8% 20d: +0.4%

Intel (INTC) -3.6% (20d: +8.3%), Qualcomm (QCOM) -2.9% (20d: -4.7%) [<50MA], AMD -2.5% (20d: -8.0%) [<50MA]

Healthcare -1.7% 20d: -1.5%

UnitedHealth (UNH) -1.7% (20d: +7.6%), Eli Lilly (LLY) -1.6% (20d: -10.6%) [<50MA]

Sector Deep Dive

Enterprise Software showed clear leadership over the 50-day window as the group sits ABOVE its 50-day average, driven by cloud and SaaS re-acceleration; Adobe (ADBE) climbed 4.3% to $526.42 and sits with a positive 50-day trend, and Zscaler (ZS) added 4.8% to $209.04 reinforcing security spend. Over the past 50 days the sector has outperformed, with the 50-day context signaling sustained institutional accumulation and rotation into durable software earnings streams.

Chip Supply Chain is under pressure despite being ABOVE its 50-day average overall; Intel (INTC) fell 3.6% to $24.16 and the sub-group's 50-day trend remains positive but uneven, reflecting divergence between foundry/IDM names and smaller suppliers. Microcycle softness is evident in today's seat-of-the-pants selling while the 50-day picture still shows accumulation across larger cap nodes, leaving tactical opportunities in select designers and equipment names on pullbacks.

Infrastructure and Data Center-related names saw stressed performance into the 50-day horizon with Infrastructure marked ABOVE its 50-day average but weak near-term breadth; Super Micro (SMCI) plunged 6.6% to $21.70, a clear one-day hit that contrasts with Data Center REITs which traded lower by 1.1% but remain ABOVE their 50-day trend. The 50-day window shows that markets are willing to hold larger cloud and REIT beneficiaries, while smaller kit providers are more volatile on order-cycle news.

Biotech moved decisively into a below-50-day posture with the sector trading BELOW its 50-day average as headline-driven selling hit names like Amgen (AMGN), which dropped 7.1% to $283.01. The 50-day trend for Biotech is deteriorating, and the sector's one-day weakness amplifies the risk of further mean-reversion unless clinical or M&A catalysts re-emerge; position sizing and selective, research-driven entries are prudent here.

Market Breadth Analysis

US stock market breadth analysis shows 15 of 24 sectors trading above their 50-day moving average, while 9 are below. The majority of sectors holding above the 50-day MA indicates healthy medium-term momentum. With 16 sectors positive over 20 days, buying pressure remains broad-based.

Interactive Charts

S&P 500 & NASDAQ 100

50-Day Sector Performance

1-Day vs 5-Day Sector Change

Active Alerts

HIGH 4 sectors declining >5% over 20 days: Infrastructure, IT Services, Utilities, Materials

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NVDA	$148.06	+2.1%	+1.8%	+9.3%	+39.6%	ABOVE	0
MSFT	$417.24	+1.2%	+0.7%	+1.7%	+3.5%	ABOVE	0
AMZN	$208.91	+1.0%	+0.9%	+11.8%	+20.5%	ABOVE	0
GOOG	$182.16	+0.7%	+2.8%	+9.9%	+16.3%	ABOVE	0
META	$581.47	+0.3%	+2.2%	+1.4%	+14.2%	ABOVE	0
AAPL	$222.81	+0.0%	+0.8%	-3.2%	+1.6%	BELOW	0
TSLA	$328.49	-6.1%	+13.8%	+48.4%	+49.7%	ABOVE	1

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MRVL	$92.36	+0.6%	+2.4%	+13.6%	+31.0%	ABOVE	0
TSM	$187.65	-1.2%	-0.8%	+2.3%	+19.6%	ABOVE	2
ARM	$139.92	-1.4%	-3.3%	-8.2%	+15.7%	BELOW	3
AVGO	$173.54	-1.5%	-1.9%	-0.3%	+14.7%	ABOVE	3
AMD	$143.63	-2.5%	-1.0%	-8.0%	+2.0%	BELOW	3
QCOM	$157.40	-2.9%	-5.5%	-4.7%	-0.7%	BELOW	4
INTC	$24.16	-3.6%	-3.6%	+8.3%	+24.3%	ABOVE	3

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CSCO	$56.41	+0.1%	+1.5%	+4.1%	+19.0%	ABOVE	0
HPE	$20.83	-1.3%	+1.9%	+4.0%	+16.6%	ABOVE	2
DELL	$133.04	-1.5%	-1.4%	+8.1%	+25.6%	ABOVE	1
VRT	$123.54	-2.4%	+2.8%	+10.9%	+65.0%	ABOVE	1
SMCI	$21.70	-6.6%	-4.4%	-55.5%	-48.8%	BELOW	3

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ADBE	$526.42	+4.3%	+4.3%	+4.8%	-8.5%	ABOVE	0
NOW	$209.66	+1.2%	+5.4%	+14.1%	+25.6%	ABOVE	0
CRM	$336.84	-0.2%	+11.2%	+17.3%	+38.0%	ABOVE	1
PLTR	$59.85	-0.6%	+7.8%	+42.7%	+95.7%	ABOVE	1

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
JPM	$231.31	+0.1%	-3.0%	+7.1%	+9.9%	ABOVE	0
GS	$572.33	-1.6%	-0.6%	+11.8%	+20.8%	ABOVE	1

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LLY	$808.71	-1.6%	+5.5%	-10.6%	-13.5%	BELOW	1
UNH	$589.63	-1.7%	+3.0%	+7.6%	+2.1%	ABOVE	1

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$83.67	+0.9%	+1.9%	+4.6%	+10.0%	ABOVE	0
COST	$924.93	-0.1%	+3.7%	+5.2%	+4.9%	ABOVE	2

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ACN	$348.36	+0.9%	+1.3%	-3.1%	+5.3%	ABOVE	0
IBM	$202.89	-0.5%	-0.5%	-9.1%	+4.1%	BELOW	2

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DAL	$62.80	+0.8%	+2.8%	+13.7%	+51.6%	ABOVE	0
UAL	$89.13	-0.3%	+1.8%	+23.8%	+101.8%	ABOVE	1

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MAR	$281.52	+0.0%	+3.5%	+8.9%	+24.6%	ABOVE	0
BKNG	$198.15	-0.8%	+0.4%	+15.8%	+32.5%	ABOVE	1

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$286.54	-1.0%	+1.6%	-4.6%	+3.7%	BELOW	1
SBUX	$94.49	-1.5%	+2.8%	+3.5%	+7.0%	ABOVE	1

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
FDX	$223.27	-0.9%	+2.6%	+5.7%	-1.4%	ABOVE	1
UPS	$116.67	-1.1%	-2.8%	-4.2%	+0.9%	BELOW	3

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
HON	$222.83	+3.8%	+8.1%	+6.8%	+13.8%	ABOVE	0
CAT	$385.53	-0.9%	-5.7%	+0.2%	+17.1%	ABOVE	1

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ZS	$209.04	+4.8%	+8.3%	+9.1%	+33.0%	ABOVE	0
CRWD	$85.88	+0.3%	+7.3%	+12.2%	+32.5%	ABOVE	0
PANW	$199.01	-0.0%	+3.3%	+6.6%	+15.0%	ABOVE	1

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ASML	$660.53	-0.3%	+1.2%	-1.9%	-17.3%	BELOW	1
LRCX	$74.64	-0.6%	-1.4%	+2.1%	-0.7%	BELOW	3
AMAT	$183.87	-1.0%	-0.5%	+1.1%	+2.3%	BELOW	3

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DLR	$171.92	-1.1%	+4.1%	+11.5%	+22.2%	ABOVE	1
EQIX	$869.55	-1.1%	+1.4%	+2.6%	+9.1%	ABOVE	2

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DUK	$105.14	-0.5%	-1.5%	-6.6%	-4.4%	BELOW	2
SO	$82.83	-0.7%	+0.3%	-5.0%	-1.6%	BELOW	2
NEE	$70.53	-2.2%	-0.3%	-12.0%	-8.4%	BELOW	2

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
XOM	$113.61	-0.1%	-0.5%	-0.3%	+5.5%	ABOVE	3
CVX	$144.17	-0.8%	-1.5%	+4.4%	+9.3%	ABOVE	2

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GD	$301.79	-0.6%	+1.2%	+2.4%	+6.5%	ABOVE	1
LMT	$539.93	-0.8%	+2.6%	-7.6%	-1.5%	BELOW	1
RTX	$119.57	-1.0%	+1.5%	-2.3%	+1.9%	ABOVE	1

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TMUS	$232.10	+0.3%	+2.9%	+8.8%	+20.2%	ABOVE	0
VZ	$35.99	-0.1%	-1.8%	-8.0%	-1.1%	BELOW	5
T	$20.46	-0.7%	-0.8%	+2.0%	+9.1%	ABOVE	2

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NFLX	$81.95	+1.7%	+5.0%	+16.7%	+20.6%	ABOVE	0
DIS	$98.69	+0.1%	+2.1%	+4.4%	+13.2%	ABOVE	0

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GILD	$89.91	-2.8%	+2.9%	+8.8%	+20.3%	ABOVE	1
AMGN	$283.01	-7.1%	-7.1%	-7.1%	-9.6%	BELOW	2

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LIN	$445.27	-0.2%	-1.5%	-5.9%	-3.5%	BELOW	3
APD	$297.47	-0.9%	+1.4%	-4.8%	+13.9%	ABOVE	1

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TXN	$203.72	-1.4%	-1.0%	+6.7%	+5.0%	ABOVE	2
MCHP	$64.09	-3.7%	-8.7%	-11.3%	-12.5%	BELOW	3

Key Stock Movers

Today's biggest movers by absolute percentage change: Amgen (AMGN) (Biotech) fell 7.1% to $283.01. Super Micro (SMCI) (Infrastructure) fell 6.6% to $21.70. Tesla (TSLA) (Mag 7 (AI Spenders)) fell 6.1% to $328.49. Zscaler (ZS) (Cybersecurity) rose 4.8% to $209.04. Adobe (ADBE) (Enterprise Software) rose 4.3% to $526.42. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

On the risk side, 1 high-severity alerts are currently active, signaling significant sector declines that warrant portfolio risk management attention. Consider reducing exposure to affected sectors and tightening stop-loss levels.

US Stock Market Outlook

Looking ahead, watch internals: 4 sectors are flagged as HIGH alerts for >5% declines over 20 days, and breadth remains mixed with 15 sectors above and 9 below their 50MA. The S&P 500's short-term momentum is being driven by a concentrated set of leaders (Mag 7) while several cyclical and defensive sectors show deteriorating 50-day trends, so favor high-conviction AI infrastructure and enterprise software exposures and trim weaker hardware and biotech positions. Risk-management should emphasize tighter stops on names failing their 50-day trend and opportunistic buying where 50-day support holds.

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