US Stock Market Sector Analysis – Thursday, November 14, 2024 BEARISH

A risk-off tone dominated the US stock market today after heavy selling in Defense & Aerospace and a sharp drop in Infrastructure names pressured broader indices. Super Micro (SMCI) led intraday weakness with an 11.4% collapse to $18.01, while Lockheed Martin (LMT) and RTX Corp (RTX) slipped 3.4% and 3.9% respectively, weighing on Industrials and sector-linked suppliers. The Magnificent 7 were mixed: Apple (AAPL) and NVIDIA (NVDA) posted modest gains while Tesla (TSLA) plunged 5.8% on profit-taking, leaving the Mag 7 group down 1.0% for the day. Media strength helped lift the Market as Disney (DIS) jumped 6.2% to $106.63, offsetting some of the defensive-sector losses and keeping S&P 500 breadth uneven across the 24-sector landscape.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.43%

rising

Impact

Confidence

Crude Oil (WTI)

Neutral

$68.70

+0.4% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

14.3

+2.1% 1D

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Pause Discretionary Adds

69%

47 of 68 above 50DMA · -7.4pp 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

AI momentum remains a dominant investment theme but shows signs of intra-group differentiation today as Mag 7 leaders continue to carry much of the narrative. NVIDIA (NVDA) at $146.53 and Microsoft (MSFT) at $421.04 remain focal points for chip and cloud infrastructure demand, while Apple (AAPL) at $226.77 and Amazon (AMZN) at $211.48 show steady support for the application and data stack. However, chip supply-chain names like Qualcomm (QCOM) at $157.94 and ASML at $684.00 are exhibiting bifurcated 50-day trends, underscoring the need to separate hardware supply dynamics from enterprise software and cloud infrastructure exposure in AI allocations.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	-1.0%	-0.6%	+9.4%	ABOVE
Chip Supply Chain	+0.4%	-5.6%	-2.0%	BELOW
Infrastructure	-3.8%	-6.7%	-8.4%	ABOVE
Enterprise Software	-1.6%	+3.7%	+17.7%	ABOVE
Finance	-0.3%	+1.0%	+9.3%	ABOVE
Healthcare	-2.6%	-4.6%	-5.1%	BELOW
Retail	-1.1%	-1.3%	+3.9%	ABOVE
IT Services	-1.6%	+0.2%	-6.6%	BELOW
Airlines	+1.1%	+5.2%	+19.6%	ABOVE
Hospitality & Travel	-0.9%	+0.5%	+10.2%	ABOVE
Food & Restaurant	-0.1%	+0.8%	-1.6%	BELOW
Logistics	-0.3%	+1.1%	+2.0%	ABOVE
Industrial	-0.5%	+1.8%	+1.3%	ABOVE
Cybersecurity	-1.2%	+3.9%	+8.7%	ABOVE
Chip Equipment	+2.0%	-1.3%	-0.5%	BELOW
Data Center REITs	-0.1%	-2.1%	+4.3%	ABOVE
Utilities	-0.0%	-2.2%	-8.7%	BELOW
Energy	+1.0%	+1.7%	+4.3%	ABOVE
Defense & Aerospace	-4.7%	-4.6%	-7.6%	BELOW
Telecom	-0.7%	+0.5%	+0.4%	ABOVE
Media & Entertainment	+3.5%	+7.8%	+10.9%	ABOVE
Biotech	-1.2%	-6.8%	-0.9%	BELOW
Materials	+0.2%	-0.2%	-5.8%	BELOW
Analog & Embedded Chips	-0.7%	-8.2%	-5.4%	BELOW

Sector Strength

Media & Entertainment +3.5% 20d: +10.9%

Disney (DIS) +6.2% (20d: +12.2%), Netflix (NFLX) +0.8% (20d: +9.6%)

Chip Equipment +2.0% 20d: -0.5%

ASML +2.9% (20d: -4.0%) [<50MA], Applied Materials (AMAT) +1.8% (20d: -0.2%) [<50MA], Lam Research (LRCX) +1.3% (20d: +2.7%) [<50MA]

Airlines +1.1% 20d: +19.6%

United (UAL) +1.5% (20d: +22.9%), Delta (DAL) +0.6% (20d: +16.2%)

Energy +1.0% 20d: +4.3%

Chevron (CVX) +1.9% (20d: +7.3%), Exxon Mobil (XOM) +0.1% (20d: +1.3%)

Chip Supply Chain +0.4% 20d: -2.0%

Qualcomm (QCOM) +2.2% (20d: -4.1%) [<50MA], TSMC (TSM) +1.0% (20d: -6.1%), ARM Holdings (ARM) +0.9% (20d: -10.9%) [<50MA]

Sector Warnings

Defense & Aerospace -4.7% 20d: -7.6%

General Dynamics (GD) -6.9% (20d: -5.2%) [<50MA], RTX Corp (RTX) -3.9% (20d: -5.6%) [<50MA], Lockheed Martin (LMT) -3.4% (20d: -11.9%) [<50MA]

Infrastructure -3.8% 20d: -8.4%

Super Micro (SMCI) -11.4% (20d: -61.9%) [<50MA], Vertiv (VRT) -2.8% (20d: +7.8%), Hewlett Packard Enterprise (HPE) -2.3% (20d: +3.1%)

Healthcare -2.6% 20d: -5.1%

Eli Lilly (LLY) -3.2% (20d: -14.4%) [<50MA], UnitedHealth (UNH) -2.1% (20d: +4.1%)

Enterprise Software -1.6% 20d: +17.7%

Salesforce (CRM) -2.9% (20d: +13.2%), Palantir (PLTR) -2.5% (20d: +37.7%), ServiceNow (NOW) -0.5% (20d: +12.8%)

IT Services -1.6% 20d: -6.6%

Accenture (ACN) -2.2% (20d: -3.9%), IBM -0.9% (20d: -9.3%) [<50MA]

Sector Deep Dive

Defense & Aerospace posted some of the weakest 50-day signals in the market, trading below its 50-day trend as the sector fell 4.7% today and sits down 1.4% versus the 50-day. Lockheed Martin (LMT) fell to $514.20 (-3.4%) and RTX Corp (RTX) slid to $115.26 (-3.9%), while General Dynamics (GD) plunged 6.9% to $282.80, highlighting persistent 50-day softness and accelerating outflows from defense names. The 50-day context suggests distribution: the sector has been underperforming over the medium-term, and relative weakness in prime contractors is filtering into suppliers and capex-sensitive industrials.

Infrastructure showed pronounced weakness with a 3.8% one-day decline and remains above its 50-day by 18.1% on the sector average, but the 20-day performance indicates a 8.4% drop, flagging short-term deterioration. Super Micro (SMCI) was especially punished, falling to $18.01 (-11.4%), underscoring operational or booking concerns that quickly reflect in a 50-day assessment. While some infrastructure-related names still sit above their 50-day, the recent deterioration over the last 20 days suggests re-evaluation of growth assumptions for equipment and services tied to cloud buildouts.

Chip Supply Chain showed mixed signals: the sector is below its 50-day average despite a modest 0.4% gain today and a 50-day excess of +19.8% in absolute performance metrics, reflecting concentrated strength in select names. Qualcomm (QCOM) advanced to $157.94 (+2.2%) and Applied Materials (AMAT) climbed to $183.27 (+1.8%), while ASML rose to $684.00 (+2.9%), but the 20-day negative reading (-5.6%) warns of recent consolidation. The 50-day window still supports a constructive medium-term stance for leading equipment and fab suppliers, yet traders should watch for nearer-term volatility as order visibility and inventory cycles adjust.

Media & Entertainment stands out as a relative outperformer with a 3.5% one-day gain and a 50-day strength of +24.9%, signaling healthy momentum. Disney (DIS) led the group, jumping to $106.63 (+6.2%), and the sector’s 20-day and 50-day trends show consistent accumulation. For sector analysis, this mix implies durable consumer and advertising demand drivers, and the 50-day trend confirms rotational interest from risk flows into yield-enhancing, cash-generative media franchises.

Market Breadth Analysis

US stock market breadth analysis shows 14 of 24 sectors trading above their 50-day moving average, while 10 are below. The majority of sectors holding above the 50-day MA indicates healthy medium-term momentum. With 13 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 7 sectors declining >5% over 20 days: Infrastructure, Healthcare, IT Services, Utilities, Defense & Aerospace, Materials, Analog & Embedded Chips

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AAPL	$226.77	+1.4%	+0.6%	-2.8%	+3.5%	ABOVE	0
MSFT	$421.04	+0.4%	+1.0%	+2.1%	+6.3%	ABOVE	0
NVDA	$146.53	+0.3%	-0.6%	+6.3%	+42.7%	ABOVE	0
META	$573.86	-0.5%	-2.1%	+0.1%	+15.5%	ABOVE	2
AMZN	$211.48	-1.2%	+1.6%	+11.9%	+23.4%	ABOVE	1
GOOG	$176.23	-1.7%	-1.4%	+7.5%	+16.7%	ABOVE	2
TSLA	$311.18	-5.8%	-3.1%	+41.0%	+47.7%	ABOVE	1

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
QCOM	$157.94	+2.2%	-4.1%	-4.1%	+3.7%	BELOW	0
TSM	$184.45	+1.0%	-6.3%	-6.1%	+20.6%	ABOVE	0
ARM	$136.35	+0.9%	-7.5%	-10.9%	+16.3%	BELOW	0
MRVL	$90.28	+0.7%	-3.3%	+13.6%	+37.1%	ABOVE	0
INTC	$25.03	+0.4%	-4.5%	+9.9%	+32.5%	ABOVE	0
AMD	$138.84	-0.3%	-6.2%	-11.0%	+3.3%	BELOW	5
AVGO	$167.78	-1.8%	-7.2%	-5.3%	+24.8%	BELOW	5

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DELL	$131.05	-0.1%	+0.1%	+6.7%	+32.3%	ABOVE	3
CSCO	$55.65	-2.1%	-0.2%	+2.0%	+20.3%	ABOVE	1
HPE	$20.46	-2.3%	-3.2%	+3.1%	+22.6%	ABOVE	1
VRT	$120.77	-2.8%	-3.8%	+7.8%	+68.7%	ABOVE	1
SMCI	$18.01	-11.4%	-26.5%	-61.9%	-53.4%	BELOW	5

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ADBE	$529.87	-0.5%	+7.1%	+7.1%	-6.0%	ABOVE	1
NOW	$207.96	-0.5%	+3.1%	+12.8%	+26.0%	ABOVE	2
PLTR	$59.18	-2.5%	+1.4%	+37.7%	+95.1%	ABOVE	1
CRM	$327.46	-2.9%	+3.0%	+13.2%	+36.2%	ABOVE	1

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
JPM	$233.54	+0.3%	+2.1%	+7.3%	+14.5%	ABOVE	0
GS	$568.48	-0.9%	-0.1%	+11.4%	+22.7%	ABOVE	1

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UNH	$568.98	-2.1%	-3.7%	+4.1%	-0.3%	ABOVE	3
LLY	$776.48	-3.2%	-5.4%	-14.4%	-12.9%	BELOW	3

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
COST	$916.51	-1.1%	-2.1%	+4.0%	+5.5%	ABOVE	1
WMT	$83.15	-1.2%	-0.4%	+3.9%	+10.2%	ABOVE	1

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
IBM	$201.09	-0.9%	-1.4%	-9.3%	+4.9%	BELOW	1
ACN	$349.77	-2.2%	+1.8%	-3.9%	+7.0%	ABOVE	1

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UAL	$91.16	+1.5%	+4.2%	+22.9%	+98.1%	ABOVE	0
DAL	$63.58	+0.6%	+6.2%	+16.2%	+54.7%	ABOVE	0

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$196.10	-0.3%	+0.6%	+14.3%	+33.2%	ABOVE	3
MAR	$277.58	-1.6%	+0.4%	+6.2%	+23.9%	ABOVE	1

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$286.46	+0.4%	-0.1%	-5.7%	+3.1%	BELOW	0
SBUX	$94.90	-0.6%	+1.7%	+2.5%	+8.9%	ABOVE	1

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
FDX	$227.18	+0.1%	+2.1%	+6.5%	+3.8%	ABOVE	0
UPS	$118.91	-0.8%	+0.2%	-2.4%	+4.0%	ABOVE	1

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CAT	$379.98	+0.1%	-1.5%	-1.3%	+18.0%	ABOVE	0
HON	$219.74	-1.0%	+5.1%	+3.9%	+16.4%	ABOVE	2

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ZS	$208.50	-0.6%	+6.5%	+9.7%	+33.0%	ABOVE	1
CRWD	$86.09	-1.0%	+4.3%	+11.0%	+39.8%	ABOVE	1
PANW	$197.20	-2.0%	+0.8%	+5.2%	+17.4%	ABOVE	1

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
ASML	$684.00	+2.9%	+3.5%	-4.0%	-7.7%	BELOW
AMAT	$183.27	+1.8%	-3.1%	-0.2%	+6.4%	BELOW
LRCX	$73.74	+1.3%	-4.4%	+2.7%	+2.2%	BELOW

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DLR	$169.46	+0.0%	-2.1%	+7.8%	+21.2%	ABOVE	0
EQIX	$868.93	-0.3%	-2.0%	+0.8%	+10.3%	ABOVE	1

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NEE	$71.50	+1.4%	-2.2%	-10.8%	-5.9%	BELOW	0
DUK	$104.02	-0.6%	-2.3%	-8.3%	-5.1%	BELOW	4
SO	$81.95	-0.8%	-2.1%	-6.9%	-1.8%	BELOW	4

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CVX	$150.21	+1.9%	+3.1%	+7.3%	+16.8%	ABOVE	0
XOM	$114.74	+0.1%	+0.4%	+1.3%	+7.9%	ABOVE	0

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LMT	$514.20	-3.4%	-4.5%	-11.9%	-4.9%	BELOW	3
RTX	$115.26	-3.9%	-3.7%	-5.6%	+0.4%	BELOW	1
GD	$282.80	-6.9%	-5.5%	-5.2%	+0.4%	BELOW	1

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
T	$20.56	-0.2%	-0.4%	+1.8%	+7.5%	ABOVE	1
VZ	$36.41	-0.7%	+1.0%	-7.1%	+0.9%	BELOW	1
TMUS	$230.89	-1.3%	+1.0%	+6.5%	+23.2%	ABOVE	1

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DIS	$106.63	+6.2%	+10.2%	+12.2%	+24.1%	ABOVE	0
NFLX	$83.73	+0.8%	+5.3%	+9.6%	+25.8%	ABOVE	0

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GILD	$87.78	-0.6%	-4.6%	+6.2%	+18.1%	ABOVE	3
AMGN	$280.25	-1.8%	-9.0%	-8.0%	-7.7%	BELOW	1

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
APD	$302.02	+1.0%	+0.9%	-4.9%	+18.3%	ABOVE	0
LIN	$443.22	-0.6%	-1.3%	-6.8%	-0.7%	BELOW	1

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TXN	$197.23	+0.1%	-6.5%	+4.5%	+5.0%	ABOVE	0
MCHP	$62.47	-1.5%	-10.0%	-15.2%	-11.5%	BELOW	5

Key Stock Movers

Today's biggest movers by absolute percentage change: Super Micro (SMCI) (Infrastructure) fell 11.4% to $18.01. General Dynamics (GD) (Defense & Aerospace) fell 6.9% to $282.80. Disney (DIS) (Media & Entertainment) rose 6.2% to $106.63. Tesla (TSLA) (Mag 7 (AI Spenders)) fell 5.8% to $311.18. RTX Corp (RTX) (Defense & Aerospace) fell 3.9% to $115.26. 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

Market positioning should remain selective as active alerts flag seven sectors declining more than 5% over 20 days, concentrated in Infrastructure, Healthcare, IT Services, Utilities, Defense & Aerospace, Materials, and Analog & Embedded Chips. With 14 sectors above their 50MA and 10 below, S&P 500 breadth is mixed and the 50-day trends point to pockets of strength within AI/Media and weakness across defense and some tech supply categories. Tactical allocations favor high-conviction AI infrastructure and select media/consumer names while reducing exposure to defense contractors and short-term infrastructure risk until 50-day momentum stabilizes. Monitor alert counts and sector breadth for signs of a broader trend reversal before adding pro-cyclical overweight positions.

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