US Stock Market Sector Analysis – Wednesday, August 21, 2024 Sectors: BULLISH

The US stock market advanced broadly as 17 sectors finished higher and just two lower, led by strength in Analog & Embedded Chips (+3.0%) and Chip Equipment (+1.5%) after a rotation back into semiconductors. Microchip Technology (MCHP) jumped 3.2% to $78.43 and Texas Instruments (TXN) added 2.9% to $198.19, while Marvell (MRVL) rallied 2.8% to $70.95 as the Chip Supply Chain outperformed. The Magnificent 7 (Mag 7) group was positive overall (+0.5%), with Meta (META) up 1.6% to $531.59 and NVIDIA (NVDA) gaining 1.0% to $128.29, although Alphabet (GOOG) lagged, falling 0.8% to $166.35. Today's moves pushed the S&P 500 higher and reflected rotation into AI-related hardware and select software names across sector analysis.

Market Condition Dashboard

US 10-Year Treasury Yield

Neutral

3.79%

stable

Impact

Confidence

Crude Oil (WTI)

Neutral

$71.93

-2.9% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

16.3

+2.5% 1D

Impact

Confidence

Put/Call Ratio (5D)

Caution

0.75

Call-Heavy · stable

Impact

Confidence

Signal analysis only — not investment advice

Sector Heatmap (1D)

Analog & Embedded Chips +3.01%

AI Power & Grid +1.74%

Chip Equipment +1.47%

Infrastructure +1.19%

Chip Supply Chain +1.08%

EDA & Semiconductor IP +0.96%

IT Services +0.79%

Materials +0.79%

Retail +0.77%

Hospitality & Travel +0.69%

Utilities +0.68%

Cybersecurity +0.65%

Food & Restaurant +0.59%

Media & Entertainment +0.44%

Mag 7 (AI Spenders) +0.44%

Airlines +0.35%

Biotech +0.35%

Industrial +0.29%

Enterprise Software +0.28%

Logistics +0.15%

Telecom +0.12%

Finance -0.07%

Healthcare -0.12%

Data Center REITs -0.47%

Energy -0.54%

Defense & Aerospace -0.58%

≤-3%0≥+3%

Sector Performance (Base=100)

AI and Technology Sector Analysis

AI demand kept the Mag 7 in focus as Meta (META) $531.59 and NVIDIA (NVDA) $128.29 led gains, signaling continued capital deployment into models and services. Strength in the Chip Supply Chain, exemplified by Marvell (MRVL) $70.95, and Infrastructure names like Super Micro (SMCI) $62.38 shows the hardware layer is participating in the same cycle as software spending. Enterprise Software resilience, with Enterprise Software sector up +0.3% and CrowdStrike (CRWD) $68.30 outperforming, underscores that AI projects are still driving SaaS consumption and ongoing cloud infrastructure upgrades.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	+0.4%	+2.0%	+5.5%	N/A
Chip Supply Chain	+1.1%	+2.1%	+2.0%	N/A
EDA & Semiconductor IP	+1.0%	+0.6%	-12.0%	N/A
Infrastructure	+1.2%	-0.1%	-0.9%	N/A
Enterprise Software	+0.3%	+1.6%	+7.9%	N/A
Finance	-0.1%	+0.5%	+1.9%	N/A
Healthcare	-0.1%	+0.9%	+9.6%	N/A
Retail	+0.8%	+1.7%	+7.9%	N/A
IT Services	+0.8%	+1.8%	+2.0%	N/A
Airlines	+0.4%	-0.8%	-8.7%	N/A
Hospitality & Travel	+0.7%	+2.1%	-0.9%	N/A
Food & Restaurant	+0.6%	+1.6%	+20.9%	N/A
Logistics	+0.2%	+0.9%	-1.0%	N/A
Industrial	+0.3%	+0.4%	-0.4%	N/A
Cybersecurity	+0.6%	+5.0%	+10.0%	N/A
Chip Equipment	+1.5%	-0.6%	+3.8%	N/A
Data Center REITs	-0.5%	-0.7%	+4.0%	N/A
AI Power & Grid	+1.7%	N/A	N/A	N/A
Utilities	+0.7%	+1.1%	+6.8%	N/A
Energy	-0.5%	-2.7%	-5.2%	N/A
Defense & Aerospace	-0.6%	-0.8%	+3.6%	N/A
Telecom	+0.1%	+1.8%	+5.4%	N/A
Media & Entertainment	+0.4%	+3.6%	+5.8%	N/A
Biotech	+0.3%	+1.5%	-1.3%	N/A
Materials	+0.8%	+0.9%	+5.4%	N/A
Analog & Embedded Chips	+3.0%	+2.3%	+1.6%	N/A

Sector Strength

Analog & Embedded Chips +3.0% 20d: +1.6%

Microchip Technology (MCHP) +3.2% (20d: -2.6%), Texas Instruments (TXN) +2.9% (20d: +5.8%)

AI Power & Grid +1.7% 20d: N/A

Vistra (VST) +3.3%, Constellation Energy (CEG) +3.2%, Eaton (ETN) +1.2%

Chip Equipment +1.5% 20d: +3.8%

ASML Holding (ASML) +1.9% (20d: +9.4%), Applied Materials (AMAT) +1.3% (20d: +3.3%), Lam Research (LRCX) +1.2% (20d: -1.2%)

Infrastructure +1.2% 20d: -0.9%

Super Micro (SMCI) +2.1% (20d: -10.3%), Vertiv (VRT) +1.9% (20d: +2.0%), Dell (DELL) +0.9% (20d: +0.1%)

Chip Supply Chain +1.1% 20d: +2.0%

Marvell (MRVL) +2.8% (20d: +11.5%), Intel (INTC) +2.0% (20d: -30.7%), Qualcomm (QCOM) +1.2% (20d: -0.7%)

Sector Warnings

Defense & Aerospace -0.6% 20d: +3.6%

RTX Corp (RTX) -0.6% (20d: +3.5%), General Dynamics (GD) -0.6% (20d: +1.1%), Lockheed Martin (LMT) -0.6% (20d: +6.2%)

Energy -0.5% 20d: -5.2%

Exxon Mobil (XOM) -0.6% (20d: -2.9%), Chevron (CVX) -0.4% (20d: -7.5%)

Data Center REITs -0.5% 20d: +4.0%

Equinix (EQIX) -1.4% (20d: +6.4%), Digital Realty (DLR) +0.4% (20d: +1.6%)

Sector Deep Dive

Analog & Embedded Chips led sector performance today, climbing +3.0% as investors rotated back into cyclical semiconductor names. Microchip Technology (MCHP) rose 3.2% to $78.43 and Texas Instruments (TXN) gained 2.9% to $198.19; both names remain above their 50-day trend context, reinforcing short-term momentum across the 50-day window. The sector's 5-day strength (+2.5%) and 20-day gains (+1.9%) suggest buyers re-entering after a recent consolidation, making selective exposure to market leaders attractive for traders tracking 50-day setups.

Chip Supply Chain showed steady participation with a +1.1% daily gain and Marvell (MRVL) up 2.8% to $70.95 leading the group. The sector is trading above its 50-day context, and the 5-day move (+1.8%) supports the thesis that component demand tied to AI and networking is firm over the last 50 days. Given the 20-day flat reading (0.0%), positioning should favor stocks with clear order-book visibility and margin leverage as the 50-day trend remains the primary guide.

Cybersecurity was constructive (+0.6%) with CrowdStrike (CRWD) jumping 2.5% to $68.30 while Palo Alto Networks (PANW) lagged, falling 2.2% to $179.88; the sector sits above its 50-day trend overall. The 20-day gain (+10.0%) highlights strong short-to-intermediate momentum, but dispersion within names indicates stock-specific news and earnings expectations are driving moves within the 50-day window. For allocators, overweighting high-quality recurring revenue franchises that are trading above their 50-day trend remains the preferred risk-managed approach.

Infrastructure and Data Center dynamics diverged: Infrastructure rose +1.2% with Super Micro (SMCI) up 2.1% to $62.38, reflecting demand for AI-optimized servers and networking gear above 50-day levels. Conversely, Data Center REITs were down -0.2% with Equinix (EQIX) falling 0.9% to $787.67 and trading below its 50-day context, highlighting rent and capex sensitivities. The 20-day readings favor infrastructure hardware over REITs, and investors should separate equipment cyclicals (above 50-day trend) from real estate exposures that remain under 50-day pressure.

Market Breadth Analysis

US stock market breadth analysis shows 0 of 26 sectors trading above their 50-day moving average, while 26 are below. With the majority of sectors below the 50-day MA, medium-term momentum is deteriorating. The 20-day breadth shows 9 sectors in negative territory, pointing to widespread selling pressure.

Interactive Charts

S&P 500, NASDAQ 100 & Dow Jones (%)

Green shading marks breadth-below-50% regimes: BUY at the 5th session (vertical line on the fire day), STRONG at the 10th (darker). A 3rd day back above 50% ends the regime; tolerated recovery days still count toward the session total. Research display only — not investment advice.

50-Day Sector Performance

1-Day vs 5-Day Sector Change

Active Alerts

HIGH EDA & Semiconductor IP down -12.0% over 20 days

HIGH 3 sectors declining >5% over 20 days: EDA & Semiconductor IP, Airlines, Energy

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
META	$531.59	+1.6%	-0.4%	+18.0%	N/A	N/A	0
NVDA	$128.29	+1.0%	+4.6%	+14.4%	N/A	N/A	0
TSLA	$223.27	+1.0%	+4.3%	+1.4%	N/A	N/A	0
AMZN	$180.11	+0.7%	+1.4%	+0.1%	N/A	N/A	0
AAPL	$224.52	-0.0%	+0.7%	+4.1%	N/A	N/A	1
MSFT	$417.54	-0.3%	+0.5%	+1.4%	N/A	N/A	1
GOOG	$166.35	-0.8%	+2.7%	-0.9%	N/A	N/A	1

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MRVL	$70.95	+2.8%	+2.9%	+11.5%	N/A	N/A	0
INTC	$21.41	+2.0%	+3.5%	-30.7%	N/A	N/A	0
QCOM	$166.95	+1.2%	+0.5%	-0.7%	N/A	N/A	0
AMD	$157.81	+0.9%	+7.1%	+14.1%	N/A	N/A	0
AVGO	$162.72	-0.1%	-0.2%	+11.1%	N/A	N/A	2
TSM	$167.14	-0.3%	-1.4%	+7.0%	N/A	N/A	2

EDA & Semiconductor IP Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ARM	$131.20	+1.0%	+0.6%	-12.0%	N/A	N/A	0

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
SMCI	$62.38	+2.1%	-0.5%	-10.3%	N/A	N/A
VRT	$77.80	+1.9%	-6.0%	+2.0%	N/A	N/A
DELL	$108.33	+0.9%	+1.2%	+0.1%	N/A	N/A
HPE	$17.97	+0.6%	+0.6%	-2.9%	N/A	N/A
CSCO	$48.11	+0.4%	+4.0%	+6.8%	N/A	N/A

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
PLTR	$32.54	+0.7%	+4.2%	+22.2%	N/A	N/A	0
ADBE	$565.79	+0.6%	+2.1%	+6.3%	N/A	N/A	0
NOW	$167.84	+0.1%	+0.8%	+1.3%	N/A	N/A	0
CRM	$257.39	-0.3%	-0.6%	+1.8%	N/A	N/A	2

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
JPM	$205.95	+0.0%	+1.4%	+2.8%	N/A	N/A	0
GS	$476.66	-0.2%	-0.5%	+1.0%	N/A	N/A	2

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LLY	$938.82	+0.2%	+2.0%	+15.9%	N/A	N/A	0
UNH	$552.56	-0.4%	-0.3%	+3.3%	N/A	N/A	1

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$74.07	+0.9%	+3.1%	+7.8%	N/A	N/A	0
COST	$871.83	+0.6%	+0.3%	+8.0%	N/A	N/A	0

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ACN	$320.96	+1.0%	+2.6%	+1.1%	N/A	N/A	0
IBM	$186.93	+0.6%	+1.0%	+2.9%	N/A	N/A	0

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UAL	$41.99	+0.6%	-1.6%	-10.1%	N/A	N/A	0
DAL	$39.28	+0.1%	-0.0%	-7.2%	N/A	N/A	0

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$147.12	+1.0%	+2.8%	+2.1%	N/A	N/A	0
MAR	$220.53	+0.4%	+1.3%	-3.9%	N/A	N/A	0

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$276.36	+1.4%	+5.4%	+15.2%	N/A	N/A	0
SBUX	$88.22	-0.2%	-2.2%	+26.6%	N/A	N/A	1

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
FDX	$225.47	+1.1%	+2.6%	-2.4%	N/A	N/A	0
UPS	$112.86	-0.8%	-0.8%	+0.3%	N/A	N/A	3

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
HON	$191.30	+0.7%	+1.7%	-0.3%	N/A	N/A	0
CAT	$334.61	-0.1%	-1.0%	-0.6%	N/A	N/A	2

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CRWD	$68.30	+2.5%	+4.9%	+7.5%	N/A	N/A	0
ZS	$200.47	+1.7%	+5.3%	+10.1%	N/A	N/A	0
PANW	$179.88	-2.2%	+4.8%	+12.4%	N/A	N/A	1

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
ASML	$928.06	+1.9%	+1.5%	+9.4%	N/A	N/A
AMAT	$205.43	+1.3%	-1.4%	+3.3%	N/A	N/A
LRCX	$85.85	+1.2%	-1.9%	-1.2%	N/A	N/A

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DLR	$141.33	+0.4%	-0.1%	+1.6%	N/A	N/A	0
EQIX	$783.92	-1.4%	-1.4%	+6.4%	N/A	N/A	2

AI Power & Grid Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
VST	$81.28	+3.3%	N/A	N/A	N/A	N/A
CEG	$194.47	+3.2%	N/A	N/A	N/A	N/A
ETN	$292.60	+1.2%	N/A	N/A	N/A	N/A
PWR	$268.79	+0.9%	N/A	N/A	N/A	N/A
GEV	$183.48	+0.1%	N/A	N/A	N/A	N/A

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
SO	$82.02	+0.9%	+0.6%	+7.2%	N/A	N/A
NEE	$75.16	+0.8%	+2.9%	+8.4%	N/A	N/A
DUK	$105.02	+0.3%	-0.3%	+4.9%	N/A	N/A

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CVX	$133.74	-0.4%	-0.8%	-7.5%	N/A	N/A	2
XOM	$106.78	-0.6%	-4.7%	-2.9%	N/A	N/A	4

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LMT	$525.36	-0.6%	-1.2%	+6.2%	N/A	N/A	5
GD	$283.04	-0.6%	-0.6%	+1.1%	N/A	N/A	1
RTX	$113.28	-0.6%	-0.7%	+3.5%	N/A	N/A	2

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
VZ	$36.01	+0.5%	+2.5%	+2.8%	N/A	N/A	0
T	$17.82	+0.3%	+2.4%	+1.8%	N/A	N/A	0
TMUS	$189.20	-0.4%	+0.4%	+11.6%	N/A	N/A	2

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DIS	$88.65	+1.1%	+2.2%	+1.7%	N/A	N/A	0
NFLX	$69.71	-0.2%	+5.1%	+9.9%	N/A	N/A	1

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GILD	$70.93	+0.5%	+1.1%	-1.8%	N/A	N/A	0
AMGN	$311.71	+0.2%	+1.9%	-0.9%	N/A	N/A	0

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LIN	$449.97	+0.8%	+1.2%	+4.2%	N/A	N/A	0
APD	$261.86	+0.8%	+0.6%	+6.5%	N/A	N/A	0

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCHP	$78.43	+3.2%	+1.9%	-2.6%	N/A	N/A	0
TXN	$197.18	+2.9%	+2.7%	+5.8%	N/A	N/A	0

Key Stock Movers

Today's biggest movers by absolute percentage change: Vistra (VST) (AI Power & Grid) rose 3.3% to $81.28. Constellation Energy (CEG) (AI Power & Grid) rose 3.2% to $194.47. Microchip Technology (MCHP) (Analog & Embedded Chips) rose 3.2% to $78.43. Texas Instruments (TXN) (Analog & Embedded Chips) rose 2.9% to $197.18. Marvell (MRVL) (Chip Supply Chain) rose 2.8% to $70.95. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

On the risk side, 2 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 forward, breadth is constructive with 16 sectors above their 50MA and 8 below, so the market backdrop favors selective pro-risk positioning into leadership that remains above the 50-day trend. Alert counts were modest today but we continue to watch dispersion within Cybersecurity and Data Center names for short-term reversal risk; the S&P 500's internals suggest leadership is narrow and momentum-driven. Tactically, favor exposure to AI-related hardware and enterprise software names that are above their 50-day trend while trimming weaker REIT and Energy holdings that remain below the 50-day reference.

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