US Stock Market Sector Analysis – Wednesday, October 30, 2024 Sectors: BEARISH

The US stock market traded cautiously after Super Micro (SMCI) plunged 32.7% to $33.07, triggering renewed focus on fragility in infrastructure and chip-equipment exposure and weighing on related sectors. Chip Equipment registered sharp weakness — down 10.2% over 20 days and 16.9% over 50 days — and dragged the broader Chip Supply Chain lower as AMD (AMD) fell 10.6% to $148.60 and Qualcomm (QCOM) slid 4.8% to $161.46. Strength in Airlines and select Data Center REITs provided offsets, with Airlines up 3.2% on the day led by United (UAL) at $80.42 (+4.5%) and Delta (DAL) at $57.32 (+2.0%). The Magnificent 7 overall were flat on the session, leaving the S&P 500 mixed as investors parsed stock-specific shocks and macro signals across sector analysis.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.29%

rising

Impact

Confidence

Crude Oil (WTI)

Neutral

$68.61

+2.1% 1D

Impact

Confidence

VIX (Fear Index)

Elevated Caution

20.4

+5.2% 1D

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Pause Discretionary Adds

65%

44 of 68 above 50DMA · -13.2pp 5D

Impact

Confidence

Put/Call Ratio (5D)

Caution

0.75

Call-Heavy · stable

Impact

Confidence

Signal analysis only — not investment advice

Sector Heatmap (1D)

Airlines +3.24%

EDA & Semiconductor IP +0.52%

Hospitality & Travel +0.48%

Finance +0.35%

Data Center REITs +0.07%

Biotech +0.05%

Mag 7 (AI Spenders) +0.02%

Defense & Aerospace -0.35%

Logistics -0.36%

Energy -0.41%

Utilities -0.49%

Materials -0.53%

Enterprise Software -0.60%

Food & Restaurant -0.63%

Retail -0.64%

Telecom -0.76%

Media & Entertainment -0.92%

AI Power & Grid -1.00%

AI Networking & Interconnect -1.17%

Cybersecurity -1.45%

Industrial -1.50%

Memory & Storage -2.39%

Chip Equipment -2.48%

Analog & Embedded Chips -2.73%

Healthcare -3.07%

IT Services -3.58%

Chip Supply Chain -3.86%

Infrastructure -5.06%

≤-3%0≥+3%

Sector Performance (Base=100)

AI and Technology Sector Analysis

AI-related leadership remains intact but uneven: Alphabet (GOOG) rallied 2.9% to $175.03 while NVIDIA (NVDA) eased 1.4% to $139.12 as investors rotated between AI software winners and hardware risk. The Mag 7 continue to underpin thematic flows — Microsoft (MSFT) at $426.61 and Amazon (AMZN) at $192.73 remain above their 50-day levels — but today's sell-offs in chip equipment and select infrastructure names highlight supply-chain and capital-spend sensitivity. Enterprise Software and AI infrastructure names face near-term dispersion: durable software demand supports valuations, yet chip-equipment weakness implies a more selective approach to capital-intensive suppliers.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	+0.0%	+2.1%	+5.6%	ABOVE
Chip Supply Chain	-3.9%	-0.2%	+2.7%	ABOVE
Memory & Storage	-2.4%	-1.9%	-1.8%	ABOVE
EDA & Semiconductor IP	+0.5%	+11.1%	+9.7%	ABOVE
Infrastructure	-5.1%	-3.0%	+1.5%	ABOVE
AI Networking & Interconnect	-1.2%	-0.5%	+4.9%	N/A
Enterprise Software	-0.6%	+0.8%	+5.0%	ABOVE
Finance	+0.4%	-0.1%	+8.9%	ABOVE
Healthcare	-3.1%	-2.3%	-4.7%	BELOW
Retail	-0.6%	-1.8%	+0.8%	BELOW
IT Services	-3.6%	-5.5%	-5.8%	BELOW
Airlines	+3.2%	+7.3%	+34.1%	ABOVE
Hospitality & Travel	+0.5%	+2.1%	+7.3%	ABOVE
Food & Restaurant	-0.6%	-1.6%	-1.0%	BELOW
Logistics	-0.4%	-1.4%	+3.5%	BELOW
Industrial	-1.5%	-2.2%	-1.0%	BELOW
Cybersecurity	-1.4%	+0.4%	+8.5%	ABOVE
Chip Equipment	-2.5%	+0.2%	-10.3%	BELOW
Data Center REITs	+0.1%	+6.0%	+9.8%	ABOVE
AI Power & Grid	-1.0%	-0.4%	+2.8%	ABOVE
Utilities	-0.5%	-4.4%	-3.3%	BELOW
Energy	-0.4%	-2.0%	-3.5%	BELOW
Defense & Aerospace	-0.3%	-1.9%	-3.4%	BELOW
Telecom	-0.8%	-2.3%	+0.8%	ABOVE
Media & Entertainment	-0.9%	-0.2%	+4.1%	ABOVE
Biotech	+0.0%	-0.3%	+2.1%	BELOW
Materials	-0.5%	-1.6%	+5.1%	ABOVE
Analog & Embedded Chips	-2.7%	+0.2%	+0.8%	BELOW

Sector Strength

Airlines +3.2% 20d: +34.1%

United (UAL) +4.5% (20d: +44.6%), Delta (DAL) +2.0% (20d: +23.5%)

EDA & Semiconductor IP +0.5% 20d: +9.7%

Cadence Design Systems (CDNS) +2.0% (20d: +9.1%), Synopsys (SNPS) +1.4% (20d: +8.3%), ARM Holdings (ARM) -1.8% (20d: +11.7%)

Hospitality & Travel +0.5% 20d: +7.3%

Booking (BKNG) +0.8% (20d: +8.8%), Marriott (MAR) +0.1% (20d: +5.9%)

Finance +0.4% 20d: +8.9%

JPMorgan (JPM) +0.7% (20d: +10.0%), Goldman Sachs (GS) +0.0% (20d: +7.9%)

Sector Warnings

Infrastructure -5.1% 20d: +1.5%

Super Micro (SMCI) -32.7% (20d: -20.4%) [<50MA], Vertiv (VRT) -1.2% (20d: +9.5%), Cisco (CSCO) -0.2% (20d: +6.0%)

Chip Supply Chain -3.9% 20d: +2.7%

Advanced Micro Devices (AMD) -10.6% (20d: -8.8%) [<50MA], Qualcomm (QCOM) -4.8% (20d: -0.8%) [<50MA], Intel (INTC) -2.6% (20d: +0.2%)

IT Services -3.6% 20d: -5.8%

Accenture (ACN) -4.5% (20d: -3.7%) [<50MA], International Business Machines (IBM) -2.6% (20d: -8.0%) [<50MA]

Healthcare -3.1% 20d: -4.7%

Eli Lilly (LLY) -6.3% (20d: -4.4%) [<50MA], UnitedHealth (UNH) +0.1% (20d: -5.0%) [<50MA]

Analog & Embedded Chips -2.7% 20d: +0.8%

Microchip Technology (MCHP) -4.4% (20d: -2.3%) [<50MA], Analog Devices (ADI) -2.2% (20d: +1.6%), Texas Instruments (TXN) -1.6% (20d: +3.1%)

Sector Deep Dive

Chip Equipment: The sell-off in Chip Equipment is the day's dominant technical story — the group is down 3.1% on the session, -10.2% over 20 days and -16.9% over 50 days (HIGH alert). AMD (AMD) fell 10.6% to $148.60 and Qualcomm (QCOM) dropped 4.8% to $161.46, underscoring weakness across the Chip Supply Chain which itself was -3.6% today. Over the 50-day window, the group’s negative trend argues for caution on equipment exposure and reinforces the need to differentiate between foundry/capex beneficiaries and cyclical suppliers.

Infrastructure: Infrastructure lagged sharply, down 5.1% today and -3.0% over five days despite pockets of strength earlier in the month. Super Micro (SMCI) led the decliners, plunging 32.7% to $33.07 and amplifying downside risk for server and systems suppliers; Hewlett Packard Enterprise (HPE) was a rare gainer at $19.50 (+2.4%). Over the 50-day trend, Infrastructure remains above its 50-day average (+6.6%), but today's volatility highlights uneven demand and inventory concerns within the 50-day timeframe.

Airlines & Travel: Airlines outperformed with a 3.2% advance and a striking 68.7% rise over 50 days, driven by sustained demand recovery. United (UAL) jumped 4.5% to $80.42 and Delta (DAL) rose 2.0% to $57.32, reinforcing the sector’s resilience in the 50-day trend. Hospitality & Travel also stayed above its 50-day moving average, suggesting consumer discretionary travel continues to be a bright spot in sector analysis despite broader market caution.

Enterprise Software & Cybersecurity: Enterprise Software was modestly lower today (-0.9%) but remains +11.8% over 50 days, showing stable secular demand. Accenture’s IT Services peer Accenture (ACN) was pressured in IT Services (-4.5% to $334.79), while Cybersecurity sits above its 50-day (+1.9%) and is +8.5% over 20 days, signaling persistent prioritization of security spending. Over the 50-day window this group’s outperformance supports selective growth exposure to software names benefitting from re-accelerating enterprise digital transformation.

Market Breadth Analysis

US stock market breadth analysis shows 15 of 28 sectors trading above their 50-day moving average, while 13 are below. The majority of sectors holding above the 50-day MA indicates healthy medium-term momentum. With 19 sectors positive over 20 days, buying pressure remains broad-based.

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 Chip Equipment down -10.3% over 20 days

HIGH Chip Equipment down -16.9% over 50 days

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GOOG	$175.03	+2.9%	+7.1%	+5.3%	+5.2%	ABOVE	0
AMZN	$192.73	+1.0%	+3.4%	+5.9%	+7.0%	ABOVE	0
MSFT	$425.80	+0.1%	+1.8%	+3.8%	+2.0%	ABOVE	0
META	$588.41	-0.2%	+4.2%	+1.5%	+10.7%	ABOVE	1
TSLA	$257.55	-0.8%	-1.1%	+7.0%	+15.4%	ABOVE	3
NVDA	$139.12	-1.4%	-0.8%	+13.4%	+8.4%	ABOVE	1
AAPL	$228.19	-1.5%	-0.2%	+2.0%	+1.6%	ABOVE	1

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TSM	$190.30	-1.2%	-1.7%	+8.4%	+13.9%	ABOVE	1
AVGO	$173.95	-1.5%	+3.1%	+2.8%	+6.9%	ABOVE	1
MRVL	$82.42	-2.4%	+1.1%	+14.7%	+16.2%	ABOVE	1
INTC	$22.30	-2.6%	-0.2%	+0.2%	+4.2%	ABOVE	2
QCOM	$161.46	-4.8%	-0.3%	-0.8%	-3.3%	BELOW	1
AMD	$148.60	-10.6%	-3.2%	-8.8%	-5.8%	BELOW	1

Memory & Storage Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
STX	$96.93	-1.5%	-4.0%	-8.3%	-3.8%	BELOW	1
WDC	$50.43	-1.9%	+1.1%	+0.7%	+3.1%	ABOVE	2
MU	$103.55	-3.8%	-2.6%	+2.3%	-3.8%	ABOVE	1

EDA & Semiconductor IP Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CDNS	$290.00	+2.0%	+15.4%	+9.1%	N/A	N/A	0
SNPS	$536.42	+1.4%	+8.3%	+8.3%	N/A	N/A	0
ARM	$154.40	-1.8%	+9.5%	+11.7%	+17.7%	ABOVE	1

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DELL	$125.94	+6.4%	+7.3%	+12.3%	+16.3%	ABOVE	0
HPE	$19.50	+2.4%	+4.8%	-0.0%	+8.5%	ABOVE	0
CSCO	$53.41	-0.2%	-0.7%	+6.0%	+11.0%	ABOVE	1
VRT	$112.21	-1.2%	+2.2%	+9.5%	+44.2%	ABOVE	1
SMCI	$33.07	-32.7%	-28.5%	-20.4%	-47.0%	BELOW	1

AI Networking & Interconnect Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
APH	$67.45	-0.8%	-2.1%	+10.1%	N/A	N/A	1
COHR	$97.18	-1.4%	+0.5%	+3.1%	N/A	N/A	1
ANET	$99.00	-1.4%	+0.1%	+1.5%	N/A	N/A	1

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ORCL	$171.19	+0.7%	+0.1%	+4.8%	N/A	N/A	0
ADBE	$486.68	+0.3%	+0.8%	-3.4%	-14.0%	BELOW	0
NOW	$190.00	-0.3%	-0.7%	+6.7%	+13.2%	ABOVE	1
CRM	$292.65	-0.8%	+3.4%	+5.5%	+13.7%	ABOVE	1
PLTR	$43.69	-2.8%	+0.3%	+11.3%	+34.3%	ABOVE	2

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
JPM	$216.68	+0.7%	-0.3%	+10.0%	+5.2%	ABOVE	0
GS	$506.47	+0.0%	-0.0%	+7.9%	+6.3%	ABOVE	0

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UNH	$540.02	+0.1%	+0.4%	-5.0%	-2.3%	BELOW	0
LLY	$835.14	-6.3%	-5.0%	-4.4%	-11.0%	BELOW	1

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$79.93	-0.4%	-2.0%	+1.2%	+7.9%	ABOVE	2
COST	$869.53	-0.9%	-1.6%	+0.4%	-0.3%	BELOW	5

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
IBM	$194.22	-2.6%	-6.2%	-8.0%	+3.9%	BELOW	5
ACN	$334.79	-4.5%	-4.8%	-3.7%	+4.3%	BELOW	1

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UAL	$80.42	+4.5%	+7.9%	+44.6%	+91.5%	ABOVE	0
DAL	$57.32	+2.0%	+6.7%	+23.5%	+45.9%	ABOVE	0

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$176.10	+0.8%	+2.9%	+8.8%	+19.7%	ABOVE	0
MAR	$259.57	+0.1%	+1.4%	+5.9%	+17.7%	ABOVE	0

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SBUX	$92.54	-0.1%	+0.2%	+1.8%	+4.9%	ABOVE	2
MCD	$279.70	-1.2%	-3.3%	-3.9%	+1.2%	BELOW	2

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
FDX	$213.02	-0.3%	+0.4%	+4.6%	-5.5%	BELOW	2
UPS	$118.07	-0.4%	-3.3%	+2.4%	+4.6%	ABOVE	4

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
HON	$193.94	-0.9%	-2.3%	+0.7%	+1.4%	BELOW	6
CAT	$371.33	-2.1%	-2.0%	-2.7%	+11.0%	ABOVE	2

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CRWD	$76.86	-1.1%	+1.0%	+8.4%	+12.5%	ABOVE	1
PANW	$179.76	-1.6%	-1.4%	+7.0%	-0.1%	ABOVE	1
ZS	$186.78	-1.6%	+1.5%	+10.1%	-6.8%	ABOVE	1

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
KLAC	$68.15	-0.6%	+3.8%	-10.7%	N/A	N/A	1
LRCX	$75.38	-2.4%	-0.2%	-5.7%	-12.2%	BELOW	1
AMAT	$182.38	-2.5%	+0.8%	-7.2%	-11.2%	BELOW	1
ASML	$674.12	-4.4%	-3.6%	-17.7%	-27.4%	BELOW	1

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
EQIX	$872.31	+0.5%	+1.6%	+3.9%	+11.3%	ABOVE	0
DLR	$173.23	-0.3%	+10.3%	+15.8%	+22.6%	ABOVE	2

AI Power & Grid Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GEV	$296.35	-0.4%	+0.2%	+16.9%	+61.5%	ABOVE	1
PWR	$311.07	-0.6%	+0.6%	+4.4%	+15.7%	ABOVE	1
ETN	$334.70	-0.8%	-0.7%	+4.8%	+14.4%	ABOVE	1
CEG	$258.77	-1.2%	-1.0%	-5.6%	+33.1%	ABOVE	2
VST	$122.89	-2.0%	-1.2%	-6.3%	+51.2%	ABOVE	2

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DUK	$106.20	-0.4%	-4.2%	-1.5%	+1.1%	BELOW	5
SO	$83.70	-0.5%	-4.5%	-1.5%	+2.0%	BELOW	5
NEE	$75.12	-0.6%	-4.5%	-7.0%	-0.0%	BELOW	2

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CVX	$136.26	-0.3%	-1.6%	-2.1%	+1.9%	ABOVE	3
XOM	$109.45	-0.5%	-2.4%	-4.8%	+2.5%	BELOW	6

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GD	$291.46	-0.1%	+0.0%	+1.1%	+3.0%	ABOVE	2
LMT	$520.83	-0.2%	-3.2%	-9.9%	-0.9%	BELOW	7
RTX	$117.72	-0.8%	-2.6%	-1.5%	+3.9%	BELOW	2

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
VZ	$36.77	-0.1%	-1.4%	-5.8%	+2.1%	BELOW	2
T	$20.34	-0.7%	-0.8%	+1.1%	+14.1%	ABOVE	1
TMUS	$216.34	-1.5%	-4.6%	+7.1%	+14.3%	ABOVE	2

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NFLX	$75.37	-0.8%	-0.1%	+6.6%	+8.1%	ABOVE	1
DIS	$92.91	-1.1%	-0.3%	+1.5%	+4.8%	ABOVE	2

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GILD	$84.14	+0.2%	-0.6%	+4.9%	+18.6%	ABOVE	0
AMGN	$297.09	-0.1%	-0.0%	-0.6%	-4.7%	BELOW	2

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LIN	$462.68	-0.3%	-0.2%	+0.8%	+2.8%	ABOVE	2
APD	$299.04	-0.8%	-2.9%	+9.5%	+14.2%	ABOVE	2

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TXN	$196.76	-1.6%	+0.6%	+3.1%	-0.2%	ABOVE	1
ADI	$224.11	-2.2%	+0.2%	+1.6%	N/A	N/A	1
MCHP	$71.55	-4.4%	-0.4%	-2.3%	-8.8%	BELOW	1

Key Stock Movers

Today's biggest movers by absolute percentage change: Super Micro (SMCI) (Infrastructure) fell 32.7% to $33.07. Advanced Micro Devices (AMD) (Chip Supply Chain) fell 10.6% to $148.60. Dell (DELL) (Infrastructure) rose 6.4% to $125.94. Eli Lilly (LLY) (Healthcare) fell 6.3% to $835.14. Qualcomm (QCOM) (Chip Supply Chain) fell 4.8% to $161.46. 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

Ahead, market positioning should account for two HIGH alerts on Chip Equipment (20d and 50d weakness) and a mixed breadth picture with 12 sectors above and 12 below their 50MA. With the 50-day trends showing clear winners (Airlines, Enterprise Software, Mag 7) and clear losers (Chip Equipment, Healthcare), investors should trim cyclical, capex-sensitive exposure and favor selective growth and travel beneficiaries while watching breadth for deterioration. Tactical allocations should emphasize quality AI spenders and defensive earnings visibility until chip-equipment volatility stabilizes.

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