US Stock Market Sector Analysis – Friday, November 01, 2024 BULLISH

The US stock market rallied into month-end with a risk-on tone led by a handful of large-cap and semiconductor-related movers. Intel (INTC) jumped 7.8% to $23.20 after stronger order commentary, and Amazon (AMZN) climbed 6.2% to $197.93, driving a broad lift across Chip Supply Chain and Infrastructure names; those moves helped lift 15 sectors higher while six fell. The S&P 500 saw a modest advance as the Magnificent 7 (Mag 7) group finished mixed but overall positive at +1.1% for the Mag 7 sector, with NVIDIA (NVDA) up 2.0% to $135.19 and Microsoft (MSFT) slipping into the 50-day down column at $404.75. Today’s events reinforced leadership in airlines and chip suppliers while spotlighting strains in Chip Equipment and several defensive sectors.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.37%

rising

Impact

Confidence

Crude Oil (WTI)

Neutral

$69.49

+0.3% 1D

Impact

Confidence

VIX (Fear Index)

Elevated Caution

21.9

-5.5% 1D

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Pause Discretionary Adds

60%

41 of 68 above 50DMA · -17.6pp 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 demand continues to underpin the market narrative with the Mag 7 at the center: Amazon (AMZN) $197.93 led gains while NVIDIA (NVDA) $135.19 extended strength, highlighting cloud and GPU-driven consumption. The Chip Supply Chain complex saw outsized flows into Intel (INTC) $23.20 and Marvell (MRVL) $84.38, signaling renewed order momentum for capacity additions. Infrastructure and enterprise software names such as Hewlett Packard Enterprise (HPE) $19.23 and broader Enterprise Software strength reflect capex and software stack spend as firms firm up AI deployments.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	+1.1%	-1.6%	+3.1%	ABOVE
Chip Supply Chain	+2.1%	-3.0%	+0.3%	ABOVE
Infrastructure	-0.5%	-8.2%	-6.6%	ABOVE
Enterprise Software	+1.0%	-1.6%	+3.6%	ABOVE
Finance	+0.4%	-1.0%	+5.3%	ABOVE
Healthcare	-0.4%	-4.1%	-5.8%	BELOW
Retail	+0.4%	-1.0%	+2.2%	BELOW
IT Services	+0.5%	-3.3%	-5.5%	BELOW
Airlines	+2.4%	+5.6%	+27.2%	ABOVE
Hospitality & Travel	+0.9%	+4.2%	+8.0%	ABOVE
Food & Restaurant	+1.1%	+0.2%	+0.5%	BELOW
Logistics	+0.1%	-0.7%	+3.7%	BELOW
Industrial	+1.3%	-0.7%	-0.7%	ABOVE
Cybersecurity	+1.2%	-0.6%	+6.3%	ABOVE
Chip Equipment	+0.6%	-2.2%	-10.9%	BELOW
Data Center REITs	-1.7%	-3.3%	+7.3%	ABOVE
Utilities	-2.5%	-4.6%	-0.6%	BELOW
Energy	+0.6%	-0.8%	-3.5%	BELOW
Defense & Aerospace	-0.5%	-3.6%	-5.3%	BELOW
Telecom	-1.2%	-0.9%	+2.0%	ABOVE
Media & Entertainment	-0.2%	+0.3%	+5.7%	ABOVE
Biotech	+0.2%	+0.7%	+3.3%	BELOW
Materials	-0.1%	-3.4%	-1.2%	BELOW
Analog & Embedded Chips	+1.4%	-1.4%	+0.2%	BELOW

Sector Strength

Airlines +2.4% 20d: +27.2%

United (UAL) +2.8% (20d: +36.0%), Delta (DAL) +2.0% (20d: +18.4%)

Chip Supply Chain +2.1% 20d: +0.3%

Intel (INTC) +7.8% (20d: +3.7%), Marvell (MRVL) +5.8% (20d: +15.1%), Qualcomm (QCOM) +1.5% (20d: -1.0%) [<50MA]

Analog & Embedded Chips +1.4% 20d: +0.2%

Microchip Technology (MCHP) +2.0% (20d: -2.1%) [<50MA], Texas Instruments (TXN) +0.9% (20d: +2.5%)

Industrial +1.3% 20d: -0.7%

Honeywell (HON) +1.7% (20d: +2.9%), Caterpillar (CAT) +0.9% (20d: -4.3%)

Cybersecurity +1.2% 20d: +6.3%

CrowdStrike (CRWD) +2.1% (20d: +5.6%), Zscaler (ZS) +1.0% (20d: +6.1%), Palo Alto Networks (PANW) +0.6% (20d: +7.3%)

Sector Warnings

Utilities -2.5% 20d: -0.6%

Southern Co (SO) -2.7% (20d: -0.4%) [<50MA], NextEra Energy (NEE) -2.4% (20d: -3.7%) [<50MA], Duke Energy (DUK) -2.2% (20d: +2.2%) [<50MA]

Data Center REITs -1.7% 20d: +7.3%

Equinix (EQIX) -2.2% (20d: +2.1%), Digital Realty (DLR) -1.3% (20d: +12.5%)

Telecom -1.2% 20d: +2.0%

AT&T (T) -1.9% (20d: +2.9%), Verizon (VZ) -1.8% (20d: -4.2%) [<50MA], T-Mobile (TMUS) +0.1% (20d: +7.2%)

Infrastructure -0.5% 20d: -6.6%

Super Micro (SMCI) -10.5% (20d: -45.4%) [<50MA], Vertiv (VRT) -2.2% (20d: +0.2%), Cisco (CSCO) +1.3% (20d: +5.7%)

Defense & Aerospace -0.5% 20d: -5.3%

RTX Corp (RTX) -1.9% (20d: -5.0%) [<50MA], Lockheed Martin (LMT) -0.1% (20d: -9.9%) [<50MA], General Dynamics (GD) +0.5% (20d: -1.0%) [<50MA]

Sector Deep Dive

Chip Supply Chain registered a strong session, up 2.1% for the day and sitting ABOVE its 50-day with a 50d:+5.4% context. Intel (INTC) led with a 1d:+7.8% move to $23.20 as buyers rotated into legacy silicon suppliers ahead of capacity announcements; Marvell (MRVL) added 5.8% to $84.38, reinforcing a 50-day edge. Over the 50-day window the group is up 5.4%, signaling constructive positioning around AI-related procurement even as Chip Equipment reminds investors of deeper weakness elsewhere in the semiconductor complex.

Infrastructure showed bifurcation: the sector was down -0.5% on the day but remains ABOVE the 50-day with 50d:+2.3%. Dell (DELL) rallied 5.9% to $127.58 and Hewlett Packard Enterprise (HPE) climbed 2.9% to $19.23, reflecting strength in server and systems demand tied to enterprise AI rollouts. That said, select names underperformed sharply—Super Micro (SMCI) plunged -10.5% to $26.05—highlighting dispersion within the 50-day window where overall sector breadth masks individual volatility.

Utilities lagged, declining -2.5% on the session and clearly BELOW the 50-day with 50d:+0.3% but recent price action under pressure. Duke Energy (DUK) fell -2.2% to $105.90, NextEra Energy (NEE) slid -2.4% to $73.47, and Southern Co (SO) lost -2.7% to $83.62, underscoring profit-taking in defensive yield names as risk assets outperformed. The 50-day trend is flat-to-slightly positive, but today's weakness suggests rotation out of utilities into cyclical and tech-oriented sectors.

Airlines outperformed again, rising +2.4% and sitting well ABOVE the 50-day with a striking 50d:+63.6% performance over the window. The group benefited from sustained demand data and easing fuel/headline risk, driving a strong 50-day trend that contrasts with more muted performance in staples and healthcare. This sector’s breadth above the 50-day continues to signal a cyclical tilt in positioning across the S&P 500 and US stock market.

Market Breadth Analysis

US stock market breadth analysis shows 12 of 24 sectors trading above their 50-day moving average, while 12 are below. An even split above and below the 50-day MA suggests the market lacks directional conviction. Watch for a decisive shift in sector rotation to confirm the next trend.

Interactive Charts

S&P 500 & NASDAQ 100

50-Day Sector Performance

1-Day vs 5-Day Sector Change

Active Alerts

HIGH Chip Equipment down -10.9% over 20 days

HIGH Chip Equipment down -15.5% over 50 days

HIGH 5 sectors declining >5% over 20 days: Infrastructure, Healthcare, IT Services, Chip Equipment, Defense & Aerospace

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMZN	$197.93	+6.2%	+5.1%	+9.5%	+11.8%	ABOVE	0
NVDA	$135.19	+2.0%	-3.6%	+6.0%	+4.7%	ABOVE	0
MSFT	$404.75	+1.0%	-3.8%	+0.2%	-1.5%	BELOW	0
GOOG	$171.56	-0.0%	+2.6%	+5.0%	+3.3%	ABOVE	2
META	$563.92	-0.1%	-1.9%	-3.0%	+7.5%	ABOVE	3
TSLA	$248.98	-0.3%	-5.2%	+3.4%	+13.0%	ABOVE	5
AAPL	$221.25	-1.3%	-4.5%	+0.6%	-1.7%	BELOW	3

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
INTC	$23.20	+7.8%	+1.2%	+3.7%	+13.0%	ABOVE	0
MRVL	$84.38	+5.8%	+1.6%	+15.1%	+18.1%	ABOVE	0
QCOM	$159.20	+1.5%	-4.0%	-1.0%	-4.3%	BELOW	0
TSM	$188.81	+1.3%	-0.9%	+4.6%	+13.1%	ABOVE	0
ARM	$141.48	+0.1%	-5.7%	+0.1%	+4.3%	ABOVE	0
AVGO	$166.35	-0.5%	-1.8%	-3.5%	+1.9%	ABOVE	3
AMD	$141.86	-1.5%	-11.3%	-17.0%	-8.5%	BELOW	3

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DELL	$127.58	+5.9%	+8.5%	+10.3%	+17.3%	ABOVE	0
HPE	$19.23	+2.9%	+1.7%	-3.8%	+5.2%	ABOVE	0
CSCO	$53.33	+1.3%	+0.4%	+5.7%	+10.2%	ABOVE	0
VRT	$106.67	-2.2%	-5.9%	+0.2%	+36.1%	ABOVE	3
SMCI	$26.05	-10.5%	-45.4%	-45.4%	-57.5%	BELOW	3

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
CRM	$290.99	+1.1%	+0.3%	+3.6%	+11.8%	ABOVE
NOW	$188.68	+1.1%	-0.2%	+4.1%	+13.9%	ABOVE
ADBE	$482.80	+1.0%	+0.4%	-0.9%	-13.5%	BELOW
PLTR	$41.92	+0.9%	-6.8%	+7.8%	+31.9%	ABOVE

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
JPM	$215.26	+0.5%	-1.1%	+5.7%	+2.7%	ABOVE	0
GS	$501.59	+0.3%	-0.8%	+5.0%	+2.6%	ABOVE	0

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UNH	$544.44	+0.5%	+0.4%	-2.7%	-2.6%	BELOW	0
LLY	$808.78	-1.3%	-8.6%	-8.8%	-14.0%	BELOW	3

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
COST	$870.30	+0.5%	-1.4%	+0.6%	-0.1%	BELOW	0
WMT	$80.91	+0.3%	-0.7%	+3.9%	+8.6%	ABOVE	0

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
IBM	$198.81	+0.7%	-2.2%	-8.3%	+6.2%	BELOW	0
ACN	$333.92	+0.2%	-4.3%	-2.7%	+4.1%	BELOW	0

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UAL	$80.46	+2.8%	+5.7%	+36.0%	+85.7%	ABOVE	0
DAL	$57.25	+2.0%	+5.4%	+18.4%	+41.5%	ABOVE	0

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
BKNG	$187.35	+1.6%	+9.2%	+13.9%	+24.3%	ABOVE	0
MAR	$256.47	+0.2%	-0.8%	+2.1%	+15.7%	ABOVE	0

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SBUX	$94.55	+1.2%	+0.9%	+2.9%	+5.2%	ABOVE	0
MCD	$283.24	+1.1%	-0.5%	-1.9%	+2.6%	BELOW	0

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
FDX	$213.23	+0.2%	-0.4%	+5.3%	-7.2%	BELOW	0
UPS	$120.17	-0.0%	-1.0%	+2.2%	+4.8%	ABOVE	1

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
HON	$199.28	+1.7%	+1.5%	+2.9%	+3.3%	ABOVE	0
CAT	$372.40	+0.9%	-2.8%	-4.3%	+9.4%	ABOVE	0

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
CRWD	$75.78	+2.1%	+0.6%	+5.6%	+11.6%	ABOVE
ZS	$182.59	+1.0%	-2.4%	+6.1%	-8.4%	ABOVE
PANW	$181.32	+0.6%	+0.1%	+7.3%	+3.4%	ABOVE

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
AMAT	$180.69	+1.0%	-1.1%	-8.4%	-9.5%	BELOW
LRCX	$73.75	+0.6%	-0.9%	-7.2%	-11.5%	BELOW
ASML	$666.01	+0.3%	-4.6%	-17.2%	-25.5%	BELOW

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DLR	$167.36	-1.3%	-4.0%	+12.5%	+16.5%	ABOVE	4
EQIX	$855.37	-2.2%	-2.7%	+2.1%	+7.3%	ABOVE	2

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DUK	$105.90	-2.2%	-3.7%	+2.2%	+0.3%	BELOW	1
NEE	$73.47	-2.4%	-6.7%	-3.7%	-2.3%	BELOW	1
SO	$83.62	-2.7%	-3.5%	-0.4%	+2.8%	BELOW	1

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CVX	$142.11	+2.9%	+1.7%	+1.3%	+3.7%	ABOVE	0
XOM	$108.51	-1.6%	-3.3%	-8.3%	-1.2%	BELOW	1

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GD	$283.36	+0.5%	-3.6%	-1.0%	+1.0%	BELOW	0
LMT	$520.27	-0.1%	-1.8%	-9.9%	-1.2%	BELOW	1
RTX	$115.10	-1.9%	-5.3%	-5.0%	+0.2%	BELOW	4

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TMUS	$216.84	+0.1%	-2.0%	+7.2%	+12.8%	ABOVE	0
VZ	$36.84	-1.8%	-0.6%	-4.2%	+1.9%	BELOW	1
T	$20.44	-1.9%	+0.0%	+2.9%	+13.6%	ABOVE	1

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NFLX	$75.61	+0.0%	+0.9%	+7.7%	+10.1%	ABOVE	0
DIS	$93.63	-0.4%	-0.4%	+3.7%	+5.8%	ABOVE	1

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GILD	$85.30	+0.8%	+0.8%	+6.0%	+17.8%	ABOVE	0
AMGN	$302.31	-0.3%	+0.6%	+0.6%	-2.9%	BELOW	1

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LIN	$446.95	+0.3%	-3.9%	-1.3%	-1.5%	BELOW	0
APD	$295.64	-0.4%	-2.8%	-1.1%	+12.8%	ABOVE	4

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCHP	$71.25	+2.0%	-3.1%	-2.1%	-8.5%	BELOW	0
TXN	$196.19	+0.9%	+0.2%	+2.5%	-1.7%	ABOVE	0

Key Stock Movers

Today's biggest movers by absolute percentage change: Super Micro (SMCI) (Infrastructure) fell 10.5% to $26.05. Intel (INTC) (Chip Supply Chain) rose 7.8% to $23.20. Amazon (AMZN) (Mag 7 (AI Spenders)) rose 6.2% to $197.93. Dell (DELL) (Infrastructure) rose 5.9% to $127.58. Marvell (MRVL) (Chip Supply Chain) rose 5.8% to $84.38. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

On the risk side, 3 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

Heading into tomorrow, watch active alerts: Chip Equipment is a HIGH concern, down -10.9% over 20 days and -15.5% over 50 days, and five sectors are down >5% over 20 days (Infrastructure, Healthcare, IT Services, Chip Equipment, Defense & Aerospace). Breadth is mixed with 12 sectors above their 50MA and 12 below; the S&P 500’s near-term 50-day trends are bifurcated and call for selective positioning. Tactical guidance: favor AI/capex beneficiaries and chip supply names showing above-50d strength while trimming exposure to Chip Equipment and the weakest defensive sectors until 50-day momentum stabilizes.

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