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US Stock Market Sector Analysis – Monday, November 18, 2024 Sectors: 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 Heatmap (1D)

Infrastructure +4.45%
Analog & Embedded Chips +2.80%
Data Center REITs +1.68%
Materials +1.64%
Chip Supply Chain +1.63%
Memory & Storage +1.43%
AI Power & Grid +1.15%
Logistics +1.14%
Telecom +1.14%
Mag 7 (AI Spenders) +1.02%
Chip Equipment +1.02%
Hospitality & Travel +0.91%
Cybersecurity +0.83%
Food & Restaurant +0.74%
Utilities +0.74%
Media & Entertainment +0.73%
Energy +0.72%
EDA & Semiconductor IP +0.72%
IT Services +0.65%
Retail +0.58%
Industrial +0.02%
Defense & Aerospace -0.23%
Biotech -0.43%
Finance -0.52%
AI Networking & Interconnect -0.57%
Airlines -1.08%
Healthcare -1.49%
Enterprise Software -1.61%
≤-3%0≥+3%

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 +1.6% -2.1% -1.8% BELOW
Memory & Storage +1.4% -2.7% -9.4% BELOW
EDA & Semiconductor IP +0.7% -4.8% +1.9% ABOVE
Infrastructure +4.4% -1.1% -4.4% ABOVE
AI Networking & Interconnect -0.6% -5.9% -1.2% ABOVE
Enterprise Software -1.6% -2.9% +14.2% 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 +1.0% -5.6% -6.2% BELOW
Data Center REITs +1.7% +1.3% +7.5% ABOVE
AI Power & Grid +1.1% +0.4% +6.2% 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 +2.8% -3.4% -4.2% 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 +2.8% 20d: -4.2%
Microchip Technology (MCHP) +3.8% (20d: -13.5%) [<50MA], Texas Instruments (TXN) +3.0% (20d: +7.5%), Analog Devices (ADI) +1.6% (20d: -6.7%) [<50MA]
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 +1.6% 20d: -1.8%
Advanced Micro Devices (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 -1.6% 20d: +14.2%
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%)
AI Networking & Interconnect -0.6% 20d: -1.2%
Arista Networks (ANET) -1.0% (20d: -6.6%) [<50MA], Amphenol (APH) -0.9% (20d: +4.5%), Coherent (COHR) +0.3% (20d: -1.5%)
Finance -0.5% 20d: +11.4%
Goldman Sachs (GS) -0.9% (20d: +13.4%), JPMorgan (JPM) -0.1% (20d: +9.3%)

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 17 of 28 sectors trading above their 50-day moving average, while 11 are below. The majority of sectors holding above the 50-day MA indicates healthy medium-term momentum. With 15 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 7 sectors declining >5% over 20 days: Memory & Storage, 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 $226.38 +1.3% +1.7% -3.2% +3.7% ABOVE 0
MSFT $409.29 +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
Memory & Storage Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
WDC $48.59 +2.8% +1.0% -4.7% +2.9% BELOW 0
MU $97.01 +1.2% -6.3% -9.6% +12.4% BELOW 0
STX $94.24 +0.2% -2.8% -13.9% -4.5% BELOW 0
EDA & Semiconductor IP Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
CDNS $294.33 +1.6% -1.2% +17.0% +15.0% ABOVE 0
SNPS $523.98 +0.6% -5.3% +4.3% +12.6% ABOVE 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 $132.37 +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
AI Networking & Interconnect Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
COHR $95.35 +0.3% -8.3% -1.5% +34.6% ABOVE 0
APH $68.95 -0.9% -2.9% +4.5% +15.3% ABOVE 2
ANET $92.62 -1.0% -6.3% -6.6% +13.4% BELOW 7
Enterprise Software Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
ORCL $182.14 +1.1% -2.0% +5.9% +19.4% ABOVE 0
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 $718.35 -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 $910.72 +1.4% -1.4% +3.0% +3.0% ABOVE 0
WMT $82.57 -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 $198.80 +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 $276.46 +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 $96.06 +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 $120.71 +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 $376.44 +0.1% -2.2% -1.0% +15.5% ABOVE 0
HON $218.43 -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 Down Days
KLAC $61.27 +1.2% -6.4% -7.2% -12.8% BELOW 0
AMAT $168.04 +1.1% -8.5% -6.7% -4.1% BELOW 0
ASML $655.78 +1.0% -0.6% -7.5% -11.3% BELOW 0
LRCX $69.58 +0.7% -6.8% -3.3% -3.2% BELOW 0
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 $875.73 +1.3% +1.2% +4.0% +5.7% ABOVE 0
AI Power & Grid Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
VST $145.19 +3.2% +3.1% +17.3% +93.2% ABOVE 0
CEG $227.99 +2.7% +0.8% -13.3% +28.0% BELOW 0
PWR $327.82 +1.6% +0.3% +4.9% +31.4% ABOVE 0
ETN $350.35 -0.3% -3.0% +4.4% +24.5% ABOVE 3
GEV $324.00 -1.3% +0.5% +17.7% +61.1% ABOVE 1
Utilities Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
DUK $106.78 +1.2% +2.5% -4.4% -2.0% BELOW 0
SO $83.14 +1.0% +1.2% -4.6% -1.0% BELOW 0
NEE $72.56 +0.1% +2.9% -8.7% -7.2% BELOW 0
Energy Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
XOM $113.77 +0.8% +0.8% +0.5% +9.5% ABOVE 0
CVX $149.46 +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 $115.95 +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 Down Days
VZ $37.64 +1.4% +4.6% +1.8% -1.7% BELOW 0
T $21.24 +1.4% +3.8% +6.9% +7.3% ABOVE 0
TMUS $230.19 +0.6% -0.8% +8.2% +20.6% ABOVE 0
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 $264.56 -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 $61.77 +3.8% -3.0% -13.5% -13.2% BELOW 0
TXN $197.35 +3.0% -2.6% +7.5% +4.4% ABOVE 0
ADI $204.18 +1.6% -4.5% -6.7% -4.1% BELOW 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 $61.77. 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.

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