US Stock Market Sector Analysis – Monday, November 18, 2024 BULLISH

Super Micro (SMCI) stole the spotlight as the US stock market opened with a sharp sector rotation, rallying 15.9% and powering the Infrastructure group higher by 4.4% after the company beat expectations on server demand. Enterprise Software slipped after Palantir (PLTR) dropped 6.9%, which helped push the sector down 2.3% and weighed on software names. The S&P 500 held a constructive tone with 17 sectors up versus 6 down, while the Magnificent 7 collectively rose 1.0% for the day with Tesla (TSLA) leading Mag 7 gains. Market action was driven by a mix of earnings reactions and positioning into data-center and AI infrastructure names today.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.42%

rising

Impact

Confidence

Crude Oil (WTI)

Neutral

$69.16

+3.2% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

15.6

-3.5% 1D

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Pause Discretionary Adds

63%

43 of 68 above 50DMA · -5.9pp 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-related positioning remained a central theme as the Magnificent 7 continued to influence flows: Tesla (TSLA) traded at $338.74 after a 5.6% gain, NVIDIA (NVDA) at $139.93 slipped 1.3% but retains a strong 50-day uptrend, and Microsoft (MSFT) at $410.06 showed modest upside pressure. The chip supply chain picture is uneven — chip suppliers rallied intraday but the group sits below its 50MA, keeping risk premia elevated for fab-equipment and materials. Meanwhile, enterprise software and data-center infrastructure showed divergent reactions, underscoring that AI infrastructure and software re-rating depend on revenue visibility and capex signals rather than headline AI momentum alone.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	+1.0%	-2.1%	+7.8%	ABOVE
Chip Supply Chain	+1.4%	-2.9%	-3.8%	BELOW
Infrastructure	+4.4%	-1.1%	-4.4%	ABOVE
Enterprise Software	-2.3%	-3.1%	+16.3%	ABOVE
Finance	-0.5%	+0.8%	+11.4%	ABOVE
Healthcare	-1.5%	-7.6%	-8.2%	BELOW
Retail	+0.6%	-1.2%	+2.8%	ABOVE
IT Services	+0.6%	-1.7%	-7.4%	BELOW
Airlines	-1.1%	+0.1%	+18.4%	ABOVE
Hospitality & Travel	+0.9%	-0.9%	+10.3%	ABOVE
Food & Restaurant	+0.7%	-0.1%	-1.6%	BELOW
Logistics	+1.1%	+3.9%	+6.8%	ABOVE
Industrial	+0.0%	-1.9%	+1.2%	ABOVE
Cybersecurity	+0.8%	-2.0%	+7.7%	ABOVE
Chip Equipment	+0.9%	-5.3%	-5.8%	BELOW
Data Center REITs	+1.7%	+1.3%	+7.5%	ABOVE
Utilities	+0.7%	+2.2%	-5.9%	BELOW
Energy	+0.7%	+2.7%	+4.1%	ABOVE
Defense & Aerospace	-0.2%	-5.7%	-6.3%	BELOW
Telecom	+1.1%	+2.5%	+5.7%	ABOVE
Media & Entertainment	+0.7%	+7.9%	+14.1%	ABOVE
Biotech	-0.4%	-6.1%	-5.9%	BELOW
Materials	+1.6%	+1.9%	-3.8%	BELOW
Analog & Embedded Chips	+3.4%	-2.8%	-3.0%	BELOW

Sector Strength

Infrastructure +4.4% 20d: -4.4%

Super Micro (SMCI) +15.9% (20d: -53.1%) [<50MA], Dell (DELL) +3.3% (20d: +13.0%), Vertiv (VRT) +1.8% (20d: +9.4%)

Analog & Embedded Chips +3.4% 20d: -3.0%

Microchip Technology (MCHP) +3.8% (20d: -13.5%) [<50MA], Texas Instruments (TXN) +3.0% (20d: +7.5%)

Data Center REITs +1.7% 20d: +7.5%

Digital Realty (DLR) +2.0% (20d: +10.9%), Equinix (EQIX) +1.3% (20d: +4.0%)

Materials +1.6% 20d: -3.8%

Air Products (APD) +3.4% (20d: -0.8%), Linde (LIN) -0.1% (20d: -6.9%) [<50MA]

Chip Supply Chain +1.4% 20d: -3.8%

AMD +3.0% (20d: -9.8%) [<50MA], Qualcomm (QCOM) +2.5% (20d: -5.0%) [<50MA], Intel (INTC) +2.0% (20d: +10.9%)

Sector Warnings

Enterprise Software -2.3% 20d: +16.3%

Palantir (PLTR) -6.9% (20d: +42.7%), Salesforce (CRM) -0.9% (20d: +11.8%), Adobe (ADBE) -0.8% (20d: +1.3%) [<50MA]

Healthcare -1.5% 20d: -8.2%

Eli Lilly (LLY) -2.5% (20d: -19.9%) [<50MA], UnitedHealth (UNH) -0.4% (20d: +3.5%)

Airlines -1.1% 20d: +18.4%

Delta (DAL) -1.3% (20d: +15.4%), United (UAL) -0.9% (20d: +21.3%)

Finance -0.5% 20d: +11.4%

Goldman Sachs (GS) -0.9% (20d: +13.4%), JPMorgan (JPM) -0.1% (20d: +9.3%)

Biotech -0.4% 20d: -5.9%

Amgen (AMGN) -0.9% (20d: -12.1%) [<50MA], Gilead (GILD) +0.1% (20d: +0.3%)

Sector Deep Dive

Infrastructure saw the largest sector-level jump as Super Micro (SMCI) rallied to $21.54, up 15.9%, and Dell (DELL) traded at $132.59, up 3.3%; the Infrastructure sector is trading above its 50-day average, reflecting outsized demand for servers and networking in current capex cycles. The 50-day context is constructive for the group, and today's moves suggest investors are front-running data-center spending increments even as some supply-chain nodes remain constrained.

Enterprise Software took a breather after Palantir (PLTR) plunged to $61.26, down 6.9%, knocking the sector average down 2.3% for the session; despite the pullback, Enterprise Software remains above its 50-day average with a 50-day change of +27.8%, but the sharp PLTR move highlights idiosyncratic execution risk and sensitivity to contract commentary over the 50-day window. The selling concentrated in names with near-term renewal risk, and investors should watch next-quarter guidance against that 50-day strength.

Healthcare showed renewed weakness with Eli Lilly (LLY) at $719.38 sliding 2.5%, and the broader Healthcare sector is clearly under pressure with a 50-day change of -10.2% and trading below its 50-day moving average. That deterioration is part of the active-alert backdrop — Healthcare is one of six sectors flagged for >5% declines over 20 days — and risk-averse positioning has driven tighter dispersion within the group across biotech and large-cap pharma over the last 50 trading days.

Chip Supply Chain posted a mixed read: Microchip Technology (MCHP) rose to $62.14, up 3.8%, while NVIDIA (NVDA) at $139.93 dipped 1.3%; the sub-sector shows a positive 50-day change of +11.9% yet is trading below its 50-day moving average, indicating short-term profit-taking despite a constructive medium-term trend. The juxtaposition of a 50-day gain and below-50MA placement signals a consolidation phase across equipment and analog suppliers as investors reassess near-term demand visibility.

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 6 sectors declining >5% over 20 days: Healthcare, IT Services, Chip Equipment, Utilities, Defense & Aerospace, Biotech

LOW Healthcare below 50-day MA with avg 5 consecutive down days

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TSLA	$338.74	+5.6%	+3.1%	+55.4%	+49.8%	ABOVE	0
GOOG	$175.69	+1.7%	-3.6%	+6.0%	+17.9%	ABOVE	0
AAPL	$226.57	+1.3%	+1.7%	-3.2%	+3.7%	ABOVE	0
MSFT	$410.06	+0.2%	-1.7%	-2.7%	+0.4%	BELOW	0
META	$551.23	+0.1%	-5.2%	-4.7%	+9.9%	BELOW	0
AMZN	$201.70	-0.4%	-3.5%	+6.3%	+12.3%	ABOVE	3
NVDA	$139.93	-1.3%	-5.5%	-2.4%	+29.7%	ABOVE	2

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMD	$138.93	+3.0%	-3.3%	-9.8%	-2.7%	BELOW	0
QCOM	$158.45	+2.5%	+0.7%	-5.0%	+1.7%	BELOW	0
INTC	$24.84	+2.0%	+2.8%	+10.9%	+30.9%	ABOVE	0
MRVL	$88.30	+1.0%	-4.4%	+6.4%	+24.0%	ABOVE	0
TSM	$183.45	+0.8%	-2.2%	-5.5%	+15.8%	ABOVE	0
AVGO	$163.15	+0.5%	-6.0%	-7.6%	+12.1%	BELOW	0
ARM	$128.66	-0.1%	-8.0%	-15.7%	+1.1%	BELOW	2

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SMCI	$21.54	+15.9%	-0.7%	-53.1%	-47.8%	BELOW	0
DELL	$132.59	+3.3%	-0.3%	+13.0%	+28.0%	ABOVE	0
VRT	$122.75	+1.8%	-0.6%	+9.4%	+63.1%	ABOVE	0
HPE	$20.50	+1.5%	-1.6%	+7.5%	+33.7%	ABOVE	0
CSCO	$55.07	-0.3%	-2.4%	+1.3%	+18.4%	ABOVE	3

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NOW	$201.07	-0.6%	-4.1%	+9.5%	+16.9%	ABOVE	4
ADBE	$499.51	-0.8%	-5.1%	+1.3%	-13.1%	BELOW	3
CRM	$318.18	-0.9%	-5.5%	+11.8%	+31.1%	ABOVE	3
PLTR	$61.26	-6.9%	+2.4%	+42.7%	+76.2%	ABOVE	1

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
JPM	$236.59	-0.1%	+2.3%	+9.3%	+19.9%	ABOVE	1
GS	$567.89	-0.9%	-0.8%	+13.4%	+25.9%	ABOVE	1

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UNH	$565.63	-0.4%	-4.1%	+3.5%	-1.2%	ABOVE	5
LLY	$719.38	-2.5%	-11.0%	-19.9%	-19.2%	BELOW	5

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
COST	$912.17	+1.4%	-1.4%	+3.0%	+3.0%	ABOVE	0
WMT	$82.77	-0.2%	-1.1%	+2.5%	+6.7%	ABOVE	3

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
IBM	$200.23	+1.5%	-1.3%	-9.7%	+2.1%	BELOW	0
ACN	$340.80	-0.2%	-2.2%	-5.1%	+1.9%	BELOW	3

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UAL	$90.38	-0.9%	+1.4%	+21.3%	+86.7%	ABOVE	1
DAL	$62.00	-1.3%	-1.3%	+15.4%	+46.1%	ABOVE	2

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MAR	$277.02	+1.0%	-1.6%	+6.0%	+24.7%	ABOVE	0
BKNG	$197.95	+0.9%	-0.1%	+14.6%	+30.8%	ABOVE	0

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SBUX	$96.61	+2.0%	+2.2%	+4.3%	+8.2%	ABOVE	0
MCD	$279.30	-0.5%	-2.5%	-7.5%	-0.1%	BELOW	2

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UPS	$122.63	+2.0%	+5.1%	+4.2%	+5.4%	ABOVE	0
FDX	$229.44	+0.3%	+2.8%	+9.4%	+4.0%	ABOVE	0

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CAT	$377.14	+0.1%	-2.2%	-1.0%	+15.5%	ABOVE	0
HON	$219.08	-0.1%	-1.7%	+3.4%	+14.4%	ABOVE	4

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CRWD	$85.74	+1.8%	-0.2%	+11.2%	+38.4%	ABOVE	0
ZS	$202.85	+0.7%	-3.0%	+9.0%	+30.1%	ABOVE	0
PANW	$193.41	-0.0%	-2.8%	+2.9%	+11.3%	ABOVE	3

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
AMAT	$168.22	+1.1%	-8.5%	-6.7%	-4.1%	BELOW
ASML	$656.63	+1.0%	-0.6%	-7.5%	-11.3%	BELOW
LRCX	$69.58	+0.7%	-6.8%	-3.3%	-3.2%	BELOW

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DLR	$174.29	+2.0%	+1.4%	+10.9%	+17.8%	ABOVE	0
EQIX	$879.92	+1.3%	+1.2%	+4.0%	+5.7%	ABOVE	0

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
DUK	$107.72	+1.2%	+2.5%	-4.4%	-2.0%	BELOW
SO	$83.83	+1.0%	+1.2%	-4.6%	-1.0%	BELOW
NEE	$72.56	+0.1%	+2.9%	-8.7%	-7.2%	BELOW

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
XOM	$114.51	+0.8%	+0.8%	+0.5%	+9.5%	ABOVE	0
CVX	$150.77	+0.6%	+4.6%	+7.6%	+17.5%	ABOVE	0

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
RTX	$116.33	+0.7%	-2.7%	-4.4%	-0.2%	BELOW	0
GD	$276.60	-0.7%	-8.3%	-6.5%	-5.0%	BELOW	3
LMT	$506.54	-0.7%	-6.2%	-8.0%	-7.2%	BELOW	5

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
VZ	$37.64	+1.4%	+4.6%	+1.8%	-1.7%	BELOW
T	$21.24	+1.4%	+3.8%	+6.9%	+7.3%	ABOVE
TMUS	$230.19	+0.6%	-0.8%	+8.2%	+20.6%	ABOVE

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NFLX	$84.71	+2.8%	+3.4%	+10.8%	+25.7%	ABOVE	0
DIS	$110.95	-1.3%	+12.4%	+17.4%	+28.4%	ABOVE	1

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GILD	$84.30	+0.1%	-6.2%	+0.3%	+9.6%	ABOVE	0
AMGN	$266.11	-0.9%	-6.0%	-12.1%	-14.6%	BELOW	3

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
APD	$313.50	+3.4%	+5.4%	-0.8%	+19.8%	ABOVE	0
LIN	$438.41	-0.1%	-1.5%	-6.9%	-3.3%	BELOW	3

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCHP	$62.14	+3.8%	-3.0%	-13.5%	-13.2%	BELOW	0
TXN	$198.36	+3.0%	-2.6%	+7.5%	+4.4%	ABOVE	0

Key Stock Movers

Today's biggest movers by absolute percentage change: Super Micro (SMCI) (Infrastructure) rose 15.9% to $21.54. Palantir (PLTR) (Enterprise Software) fell 6.9% to $61.26. Tesla (TSLA) (Mag 7 (AI Spenders)) rose 5.6% to $338.74. Microchip Technology (MCHP) (Analog & Embedded Chips) rose 3.8% to $62.14. Air Products (APD) (Materials) rose 3.4% to $313.50. 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

Breadth remains favorable with 17 sectors advancing and 14 sectors trading above their 50-day moving averages, but watch that 6-sector active alert count for >5% 20-day declines which highlights pockets of weakness (notably Healthcare and IT Services). With 10 sectors below their 50MA and mixed 50-day trends across cyclicals and tech-related groups, positioning should be tactical: overweight high-conviction AI infrastructure exposure while trimming names that have already shown 50-day breakdowns. Monitor upcoming earnings and capex commentary for confirmation before broadening risk exposures in the S&P 500.

← 2024-11-15

Calendar

2024-11-19 →