US Stock Market Sector Analysis – Thursday, September 19, 2024 Sectors: BULLISH

The US stock market rallied broadly today, led by strength in chip supply chain and AI-related names after notable jumps in Tesla (TSLA) and Applied Materials (AMAT). Tesla (TSLA) jumped 7.4% to $243.92 and AMAT climbed 5.7% to $193.82, helping lift the Chip Supply Chain (+3.8%) and Chip Equipment (+5.1%) sector averages. The S&P 500 extended gains with 19 sectors up versus only 2 down, and the Magnificent 7 group advanced 3.5% on the day as NVIDIA (NVDA) and Meta (META) pushed tech leadership. Market action today favored cyclical and AI-exposed sectors while utilities and a handful of defensive names lagged.

Market Condition Dashboard

US 10-Year Treasury Yield

Neutral

3.73%

falling

Impact

Confidence

Crude Oil (WTI)

Neutral

$71.95

+1.5% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

16.3

-10.4% 1D

Impact

Confidence

Put/Call Ratio (5D)

Caution

0.75

Call-Heavy · stable

Impact

Confidence

Signal analysis only — not investment advice

Sector Heatmap (1D)

Chip Equipment +5.21%

AI Networking & Interconnect +4.76%

Chip Supply Chain +4.12%

AI Power & Grid +4.11%

Analog & Embedded Chips +3.84%

Mag 7 (AI Spenders) +3.45%

EDA & Semiconductor IP +3.08%

Industrial +3.07%

Enterprise Software +3.06%

Finance +2.70%

Memory & Storage +2.58%

Cybersecurity +2.47%

Infrastructure +2.42%

Hospitality & Travel +1.06%

Energy +0.98%

Logistics +0.94%

Media & Entertainment +0.93%

Data Center REITs +0.79%

Food & Restaurant +0.72%

Defense & Aerospace +0.46%

Biotech +0.46%

Materials +0.30%

Healthcare +0.25%

Telecom -0.02%

Airlines -0.13%

Retail -0.17%

IT Services -0.38%

Utilities -1.06%

≤-3%0≥+3%

Sector Performance (Base=100)

AI and Technology Sector Analysis

AI-driven demand remains the central market theme as the Magnificent 7 again outperformed, with NVIDIA (NVDA) at $117.69 (+4.0%) and Meta (META) at $555.90 (+3.9%) drawing investor focus on model compute and ad recovery. Strength filtered down the chip supply chain—TSMC (TSM) and AMD showed meaningful moves—supporting chip equipment vendors and infrastructure suppliers as customers accelerate server and fab investments. Enterprise software names rallied alongside AI spenders, with Salesforce (CRM) up to $262.63 (+5.4%), underscoring recurring revenue businesses capturing AI services spend.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	+3.5%	+3.0%	+4.3%	N/A
Chip Supply Chain	+4.1%	+2.8%	+5.1%	N/A
Memory & Storage	+2.6%	+0.4%	-3.5%	N/A
EDA & Semiconductor IP	+3.1%	+1.5%	+8.4%	N/A
Infrastructure	+2.4%	+4.0%	+0.8%	N/A
AI Networking & Interconnect	+4.8%	+6.3%	N/A	N/A
Enterprise Software	+3.1%	+2.8%	+6.2%	N/A
Finance	+2.7%	+4.1%	-0.5%	N/A
Healthcare	+0.2%	-1.7%	-2.0%	N/A
Retail	-0.2%	-2.4%	+2.9%	N/A
IT Services	-0.4%	-2.3%	+5.3%	N/A
Airlines	-0.1%	+4.5%	+22.2%	N/A
Hospitality & Travel	+1.1%	+3.8%	+8.0%	N/A
Food & Restaurant	+0.7%	-1.3%	+3.5%	N/A
Logistics	+0.9%	+4.4%	+3.4%	N/A
Industrial	+3.1%	+3.9%	+5.4%	N/A
Cybersecurity	+2.5%	+1.6%	-4.5%	N/A
Chip Equipment	+5.2%	+2.9%	-5.3%	N/A
Data Center REITs	+0.8%	-0.0%	+6.3%	N/A
AI Power & Grid	+4.1%	+7.6%	+13.7%	N/A
Utilities	-1.1%	-1.8%	+3.5%	N/A
Energy	+1.0%	+3.7%	+0.3%	N/A
Defense & Aerospace	+0.5%	-0.4%	+2.2%	N/A
Telecom	-0.0%	-1.3%	+6.3%	N/A
Media & Entertainment	+0.9%	+2.1%	+3.1%	N/A
Biotech	+0.5%	+1.2%	+7.5%	N/A
Materials	+0.3%	+0.7%	+3.4%	N/A
Analog & Embedded Chips	+3.8%	+3.0%	+0.0%	N/A

Sector Strength

Chip Equipment +5.2% 20d: -5.3%

Applied Materials (AMAT) +5.7% (20d: -1.7%), KLA (KLAC) +5.7%, ASML Holding (ASML) +5.1% (20d: -8.8%)

AI Networking & Interconnect +4.8% 20d: N/A

Coherent (COHR) +6.3%, Arista Networks (ANET) +4.9%, Amphenol (APH) +3.1%

Chip Supply Chain +4.1% 20d: +5.1%

Advanced Micro Devices (AMD) +5.7% (20d: +3.3%), TSMC (TSM) +5.3% (20d: +6.3%), Marvell (MRVL) +4.7% (20d: +9.1%)

AI Power & Grid +4.1% 20d: +13.7%

Quanta Services (PWR) +6.5% (20d: +8.2%), Eaton (ETN) +4.5% (20d: +10.5%), Constellation Energy (CEG) +4.1% (20d: +7.0%)

Analog & Embedded Chips +3.8% 20d: +0.0%

Analog Devices (ADI) +4.9%, Texas Instruments (TXN) +3.4% (20d: +1.9%), Microchip Technology (MCHP) +3.2% (20d: -1.8%)

Sector Warnings

Utilities -1.1% 20d: +3.5%

NextEra Energy (NEE) -2.4% (20d: +4.9%), Duke Energy (DUK) -0.6% (20d: +2.7%), Southern Co (SO) -0.2% (20d: +2.8%)

IT Services -0.4% 20d: +5.3%

International Business Machines (IBM) -0.5% (20d: +9.1%), Accenture (ACN) -0.3% (20d: +1.4%)

Sector Deep Dive

Chip Supply Chain posted a 1-day gain of +3.8% and remains ABOVE its 50-day context, signaling renewed appetite for nodes and foundry exposure. TSMC (TSM) rallied 5.3% to $172.44 and AMD climbed to $156.74 (+5.7%), both showing strength over the 50-day window as customers lock in capacity for AI chips. The 50-day trend within this sector is constructive, with investors rotating from pure-play equipment into manufacturers likely to benefit from sustained AI compute demand.

Enterprise Software jumped +3.4% on the day and sits ABOVE its 50-day reference, led by a standout performance from Salesforce (CRM) which rose 5.4% to $262.63. The 50-day trend for the group has firmed as enterprise customers accelerate AI cloud and software spend, and CRM’s move highlights durable subscription revenue re-rating. The sector’s 50-day momentum supports tactical exposure to vendors with clear AI monetization paths and strong gross margins.

Chip Equipment surged +5.1% for the session but is marked as BELOW its 50-day context, reflecting recent volatility despite today’s breakout attempts. Applied Materials (AMAT) led gains in the group, climbing to $193.82 (+5.7%), signaling orderbook optimism even as the 50-day backdrop remains tepid. Traders should note that a sustained move above the 50-day threshold will be required to confirm a durable recovery for equipment capital spending cycles.

Utilities was the weakest area, down -1.1% and sitting ABOVE its 50-day reference overall, but with notable underperformance from large names: NextEra Energy (NEE) fell 2.4% to $78.16 and Duke Energy (DUK) slipped 0.6% to $108.21. Despite being above the 50-day average, the sector showed intraday sensitivity to funding-rate chatter and outflows into cyclical sectors, suggesting defensive allocations may be trimmed near-term in favor of higher-beta AI and chip exposure.

Market Breadth Analysis

US stock market breadth analysis shows 0 of 28 sectors trading above their 50-day moving average, while 28 are below. With the majority of sectors below the 50-day MA, medium-term momentum is deteriorating. The 20-day breadth shows 6 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

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
TSLA	$243.92	+7.4%	+5.9%	+15.8%	N/A	N/A
NVDA	$117.69	+4.0%	-1.0%	-4.7%	N/A	N/A
META	$555.90	+3.9%	+6.7%	+5.2%	N/A	N/A
AAPL	$226.97	+3.7%	+2.9%	+1.9%	N/A	N/A
AMZN	$189.87	+1.8%	+1.8%	+7.8%	N/A	N/A
MSFT	$431.87	+1.8%	+1.9%	+5.6%	N/A	N/A
GOOG	$162.21	+1.5%	+3.1%	-1.2%	N/A	N/A

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
AMD	$156.74	+5.7%	+2.9%	+3.3%	N/A	N/A
TSM	$172.44	+5.3%	+2.2%	+6.3%	N/A	N/A
MRVL	$74.48	+4.7%	+0.5%	+9.1%	N/A	N/A
AVGO	$164.87	+3.9%	+0.2%	+3.5%	N/A	N/A
QCOM	$167.53	+3.3%	+3.7%	+3.4%	N/A	N/A
INTC	$21.14	+1.8%	+7.5%	+5.2%	N/A	N/A

Memory & Storage Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
STX	$100.46	+3.2%	+1.9%	+0.9%	N/A	N/A
WDC	$49.64	+2.4%	+1.5%	+3.0%	N/A	N/A
MU	$88.69	+2.2%	-2.2%	-14.4%	N/A	N/A

EDA & Semiconductor IP Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
CDNS	$280.35	+4.0%	+4.3%	N/A	N/A	N/A
SNPS	$514.12	+3.7%	+4.9%	N/A	N/A	N/A
ARM	$140.59	+1.6%	-4.6%	+8.4%	N/A	N/A

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
VRT	$91.86	+5.0%	+7.4%	+19.9%	N/A	N/A
HPE	$18.07	+3.7%	+10.7%	+1.1%	N/A	N/A
CSCO	$49.05	+1.7%	+3.3%	+2.4%	N/A	N/A
DELL	$114.21	+1.5%	+3.0%	+8.1%	N/A	N/A
SMCI	$43.72	+0.1%	-4.4%	-27.7%	N/A	N/A

AI Networking & Interconnect Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
COHR	$86.06	+6.3%	+10.4%	N/A	N/A	N/A
ANET	$94.83	+4.9%	+5.4%	N/A	N/A	N/A
APH	$64.42	+3.1%	+3.0%	N/A	N/A	N/A

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
CRM	$262.63	+5.4%	+4.7%	+3.0%	N/A	N/A
ADBE	$526.44	+3.6%	-1.9%	-5.6%	N/A	N/A
NOW	$183.85	+3.2%	+4.6%	+12.0%	N/A	N/A
ORCL	$163.99	+1.9%	+3.4%	N/A	N/A	N/A
PLTR	$36.83	+1.2%	+3.5%	+15.4%	N/A	N/A

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GS	$486.60	+4.0%	+5.2%	+1.8%	N/A	N/A	0
JPM	$201.99	+1.4%	+3.0%	-2.8%	N/A	N/A	0

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LLY	$902.40	+1.1%	-0.9%	-4.1%	N/A	N/A	0
UNH	$553.56	-0.6%	-2.6%	+0.1%	N/A	N/A	1

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
COST	$890.94	+0.9%	-1.7%	+2.6%	N/A	N/A	0
WMT	$76.64	-1.3%	-3.2%	+3.3%	N/A	N/A	1

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ACN	$322.53	-0.3%	-4.1%	+1.4%	N/A	N/A	3
IBM	$202.74	-0.5%	-0.4%	+9.1%	N/A	N/A	1

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DAL	$46.07	+0.4%	+4.3%	+17.4%	N/A	N/A	0
UAL	$52.59	-0.7%	+4.7%	+26.9%	N/A	N/A	1

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MAR	$240.12	+2.4%	+5.5%	+9.1%	N/A	N/A	0
BKNG	$158.49	-0.3%	+2.2%	+6.9%	N/A	N/A	2

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SBUX	$92.14	+0.8%	-1.7%	+4.8%	N/A	N/A	0
MCD	$281.94	+0.6%	-0.9%	+2.2%	N/A	N/A	0

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UPS	$116.59	+1.1%	+3.8%	+4.2%	N/A	N/A	0
FDX	$233.47	+0.7%	+4.9%	+2.6%	N/A	N/A	0

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CAT	$364.21	+5.1%	+8.1%	+9.0%	N/A	N/A	0
HON	$193.47	+1.0%	-0.2%	+1.8%	N/A	N/A	0

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
CRWD	$69.35	+3.8%	+7.0%	+3.6%	N/A	N/A
ZS	$172.58	+2.4%	+1.5%	-12.7%	N/A	N/A
PANW	$166.80	+1.2%	-3.8%	-4.5%	N/A	N/A

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
AMAT	$193.61	+5.7%	+4.4%	-1.7%	N/A	N/A
KLAC	$76.09	+5.7%	+2.8%	N/A	N/A	N/A
ASML	$814.51	+5.1%	+1.4%	-8.8%	N/A	N/A
LRCX	$77.80	+4.4%	+2.8%	-5.3%	N/A	N/A

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
EQIX	$834.72	+1.2%	-0.1%	+6.4%	N/A	N/A	0
DLR	$151.10	+0.4%	-0.0%	+6.3%	N/A	N/A	0

AI Power & Grid Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
PWR	$289.12	+6.5%	+7.5%	+8.2%	N/A	N/A
ETN	$321.14	+4.5%	+7.6%	+10.5%	N/A	N/A
CEG	$206.10	+4.1%	+6.4%	+7.0%	N/A	N/A
GEV	$243.42	+3.7%	+8.4%	+31.4%	N/A	N/A
VST	$91.61	+1.7%	+8.4%	+11.3%	N/A	N/A

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SO	$83.23	-0.2%	-0.6%	+2.8%	N/A	N/A	3
DUK	$107.26	-0.6%	-1.8%	+2.7%	N/A	N/A	3
NEE	$78.16	-2.4%	-2.8%	+4.9%	N/A	N/A	2

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
XOM	$108.80	+1.2%	+4.4%	+1.1%	N/A	N/A	0
CVX	$133.44	+0.7%	+3.1%	-0.5%	N/A	N/A	0

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GD	$293.30	+0.8%	-0.0%	+3.8%	N/A	N/A	0
RTX	$114.78	+0.7%	-0.3%	+0.7%	N/A	N/A	0
LMT	$539.18	-0.1%	-0.8%	+2.0%	N/A	N/A	3

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TMUS	$193.88	+1.5%	-1.6%	+2.0%	N/A	N/A	0
VZ	$38.54	+0.1%	-1.1%	+7.5%	N/A	N/A	0
T	$19.48	-1.7%	-1.3%	+9.5%	N/A	N/A	3

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NFLX	$70.43	+2.0%	+1.0%	+2.2%	N/A	N/A	0
DIS	$91.32	-0.1%	+3.2%	+3.9%	N/A	N/A	1

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMGN	$316.31	+0.9%	+1.1%	+3.5%	N/A	N/A	0
GILD	$79.96	+0.0%	+1.3%	+11.6%	N/A	N/A	0

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LIN	$458.54	+0.5%	+0.1%	+1.9%	N/A	N/A	0
APD	$273.46	+0.1%	+1.3%	+4.8%	N/A	N/A	0

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
ADI	$227.36	+4.9%	+3.6%	N/A	N/A	N/A
TXN	$196.45	+3.4%	+3.8%	+1.9%	N/A	N/A
MCHP	$74.63	+3.2%	+1.6%	-1.8%	N/A	N/A

Key Stock Movers

Today's biggest movers by absolute percentage change: Tesla (TSLA) (Mag 7 (AI Spenders)) rose 7.4% to $243.92. Quanta Services (PWR) (AI Power & Grid) rose 6.5% to $289.12. Coherent (COHR) (AI Networking & Interconnect) rose 6.3% to $86.06. Advanced Micro Devices (AMD) (Chip Supply Chain) rose 5.7% to $156.74. Applied Materials (AMAT) (Chip Equipment) rose 5.7% to $193.61. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

No high-severity risk alerts are active. Market conditions are favorable, but always maintain awareness of potential profit-taking after extended rallies. Sector diversification remains important to manage concentration risk.

US Stock Market Outlook

Breadth is constructive with 18 of 24 sectors trading above their 50-day references and only 6 below, and alert counts skew toward positives as 19 sectors gained on the day. Short-term positioning should favor chip supply chain, enterprise software, and Mag 7 exposure while monitoring the still-fragile 50-day status in chip equipment for confirmation. Watch for leadership breadth—if more sectors flip above their 50-day average this week, risk-on positioning and selective cyclicals remain appropriate; if the list of sectors below 50MA grows, rotate back to quality defensives and high free-cash-name holdings.

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