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US Stock Market Sector Analysis – Thursday, January 30, 2025 BULLISH

An intraday NVDA alert — NVIDIA (NVDA) flagged down 16.6% from its 20-day high — set the tone for a volatile session as the US stock market rotated hard into select technology and services names. IT Services led the charge, with IBM jumping 13.0% to $248.51 and the IT Services sector up 7.3% on the day, while Enterprise Software weakness weighed as ServiceNow plunged 11.4% to $202.55. The S&P 500 breadth was constructive: 18 sectors advanced versus 4 declines, and the Magnificent 7 group finished flat on the day overall, with Microsoft (MSFT) notably down 6.2% to $410.12. Market focus remains squarely on AI spenders and chip supply-chain resiliency after mixed moves across chip equipment and infrastructure names.

Market Condition Dashboard

US 10-Year Treasury Yield
Wait & Watch
4.52%
stable
Impact
Confidence
Crude Oil (WTI)
Neutral
$72.73
+0.1% 1D
Impact
Confidence
VIX (Fear Index)
Normal Range
15.8
-4.3% 1D
Impact
Confidence
Tracked Stocks Breadth (50DMA)
Pause Discretionary Adds
60%
41 of 68 above 50DMA · -2.9pp 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

The AI investment theme showed bifurcation: heavy-hitters in the Magnificent 7 held mixed performances while stocks directly tied to AI infrastructure jumped. NVIDIA (NVDA) $124.46 traded under pressure from its 20-day highs, yet strength in chip-equipment and supply-chain plays — Lam Research (LRCX) $79.85 and Broadcom (AVGO) $212.94 — suggests capex expectations for data centers remain firm. Enterprise Software names tied to subscription multiples took a breather, amplifying the narrative that AI winners require both accelerator chips and sustained software monetization to justify the next leg up.

US Stock Sector Overview

Sector 1D 5D 20D vs 50MA
Mag 7 (AI Spenders) +0.0% -1.1% +2.3% ABOVE
Chip Supply Chain +2.5% -6.0% +4.7% ABOVE
Infrastructure +1.7% -11.8% -2.3% BELOW
Enterprise Software -2.9% -0.4% +1.5% BELOW
Finance +1.0% +1.3% +12.6% ABOVE
Healthcare +1.9% +3.6% +7.2% ABOVE
Retail +1.4% +4.1% +8.0% ABOVE
IT Services +7.3% +10.0% +13.1% ABOVE
Airlines +0.6% +3.1% +13.0% ABOVE
Hospitality & Travel +1.1% +1.6% +0.5% BELOW
Food & Restaurant +0.2% +6.0% +9.8% BELOW
Logistics -8.1% -7.6% -6.6% BELOW
Industrial -1.6% -3.4% +1.5% BELOW
Cybersecurity +0.5% +3.5% +10.5% ABOVE
Chip Equipment +4.8% -0.2% +9.9% ABOVE
Data Center REITs +1.5% -5.5% -4.8% BELOW
Utilities +1.5% +0.6% +2.3% ABOVE
Energy +0.6% +0.6% +4.9% BELOW
Defense & Aerospace +2.1% -2.7% +1.4% BELOW
Telecom -1.1% +4.3% +4.5% ABOVE
Media & Entertainment -0.1% +0.3% +5.5% ABOVE
Biotech +1.1% +3.6% +7.0% ABOVE
Materials +2.1% +1.7% +11.4% ABOVE
Analog & Embedded Chips +0.6% -1.2% -2.5% BELOW

Sector Strength

IT Services +7.3% 20d: +13.1%
IBM +13.0% (20d: +17.5%), Accenture (ACN) +1.7% (20d: +8.7%)
Chip Equipment +4.8% 20d: +9.9%
Lam Research (LRCX) +7.4% (20d: +11.8%), Applied Materials (AMAT) +3.7% (20d: +11.7%), ASML +3.4% (20d: +6.3%)
Chip Supply Chain +2.5% 20d: +4.7%
Broadcom (AVGO) +4.5% (20d: -7.0%), ARM Holdings (ARM) +3.8% (20d: +24.2%), Marvell (MRVL) +3.3% (20d: -0.1%)
Defense & Aerospace +2.1% 20d: +1.4%
RTX Corp (RTX) +3.1% (20d: +11.5%), General Dynamics (GD) +2.2% (20d: -2.0%) [<50MA], Lockheed Martin (LMT) +1.2% (20d: -5.4%) [<50MA]
Materials +2.1% 20d: +11.4%
Air Products (APD) +2.4% (20d: +16.2%), Linde (LIN) +1.8% (20d: +6.6%)

Sector Warnings

Logistics -8.1% 20d: -6.6%
UPS -14.1% (20d: -8.9%) [<50MA], FedEx (FDX) -2.1% (20d: -4.3%) [<50MA]
Enterprise Software -2.9% 20d: +1.5%
ServiceNow (NOW) -11.4% (20d: -4.5%) [<50MA], Salesforce (CRM) -2.9% (20d: +2.8%), Adobe (ADBE) +1.0% (20d: +0.3%) [<50MA]
Industrial -1.6% 20d: +1.5%
Caterpillar (CAT) -4.6% (20d: +3.7%) [<50MA], Honeywell (HON) +1.4% (20d: -0.8%) [<50MA]
Telecom -1.1% 20d: +4.5%
Verizon (VZ) -2.0% (20d: +0.4%) [<50MA], AT&T (T) -0.9% (20d: +6.8%), T-Mobile (TMUS) -0.3% (20d: +6.2%)

Sector Deep Dive

IT Services surged as IBM (IBM) led with a 13.0% rally to $248.51, a decisive move within the 50-day window where the sector shows a clear above-50MA momentum. Over the past 50 days the IT Services group is +17.1%, and IBM's breakout reflects renewed large-cap outsourcing and AI services demand. The 50-day trend for the group is constructive, implying allocators rotating from high multiple software names into steady revenue IT Services exposure.

Chip Equipment saw strong follow-through with Lam Research (LRCX) climbing 7.4% to $79.85, supporting a sector up 4.8% on the day and +11.8% over the 50-day period. The 50-day trend remains firmly positive for chip equipment, signaling that wafer fab investment expectations are intact despite short-term volatility in some GPU names. Equipment stocks are behaving as leading indicators for capex recovery in semiconductor manufacturing.

Chip Supply Chain names outperformed as Broadcom (AVGO) rose 4.5% to $212.94 and ARM Holdings (ARM) added 3.8% to $153.23; the sector is +2.5% on the day and +9.4% versus its 50-day moving average. The 50-day context shows steady support, underpinning the idea that customers are prioritizing chip availability and design IP as AI deployments scale. This supply-chain strength offsets GPU-specific swings and is a structural positive for hardware-adjacent suppliers.

Enterprise Software took a visible hit: Salesforce (CRM) fell 2.9% to $339.61 and ServiceNow (NOW) plunged 11.4% to $202.55, leaving the sector down 2.9% on the day and trading below its 50-day trend at +4.5% over 50 days but currently below the 50MA. The 50-day window shows the group losing some momentum as market participants reassess multiples versus near-term execution risk. For portfolio construction, this suggests selective exposure to enterprise names with clear AI monetization paths rather than broad software beta.

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 20 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

MEDIUM NVDA down -16.6% from 20-day high

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
TSLA $400.28 +2.9% -1.5% -0.9% +24.8% ABOVE 0
GOOG $201.58 +2.8% +0.4% +6.4% +16.7% ABOVE 0
META $683.62 +1.6% +6.1% +17.3% +24.1% ABOVE 0
NVDA $124.46 +0.8% -12.6% -7.2% -12.2% BELOW 0
AAPL $236.08 -0.7% +6.6% -5.1% +5.6% BELOW 1
AMZN $234.64 -1.0% -0.1% +7.0% +15.8% ABOVE 2
MSFT $410.12 -6.2% -6.5% -1.5% +0.2% BELOW 2
Chip Supply Chain Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
AVGO $212.94 +4.5% -11.9% -7.0% +31.2% ABOVE 0
ARM $153.23 +3.8% -5.7% +24.2% +19.0% ABOVE 0
MRVL $109.88 +3.3% -11.0% -0.1% +25.7% ABOVE 0
TSM $204.33 +2.9% -6.2% +5.4% +12.3% ABOVE 0
INTC $20.01 +1.3% -3.9% -0.2% -17.8% BELOW 0
AMD $118.86 +1.3% -3.2% -1.6% -11.9% BELOW 0
QCOM $166.48 +0.1% -0.1% +11.9% +7.7% ABOVE 0
Infrastructure Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
VRT $114.39 +3.7% -21.7% +0.9% -5.2% BELOW 0
SMCI $28.64 +3.0% -13.9% -6.0% +54.1% BELOW 0
DELL $103.11 +2.2% -7.4% -8.2% -19.7% BELOW 0
CSCO $58.50 +1.5% -2.8% +2.8% +6.0% ABOVE 0
HPE $20.44 -2.2% -13.0% -0.7% +1.2% BELOW 1
Enterprise Software Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
PLTR $81.22 +1.8% +2.8% +7.4% +23.5% ABOVE 0
ADBE $446.00 +1.0% +2.4% +0.3% -11.4% BELOW 0
CRM $339.61 -2.9% +2.9% +2.8% +5.7% ABOVE 2
NOW $202.55 -11.4% -10.0% -4.5% +0.1% BELOW 2
Finance Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
GS $626.71 +1.3% +1.4% +12.8% +9.3% ABOVE 0
JPM $260.33 +0.6% +1.3% +12.5% +9.9% ABOVE 0
Healthcare Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
LLY $814.37 +2.4% +4.8% +6.6% +10.3% ABOVE 0
UNH $525.35 +1.4% +2.5% +7.9% -7.5% ABOVE 0
Retail Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
COST $971.19 +1.6% +4.2% +6.8% +7.9% ABOVE 0
WMT $97.33 +1.2% +4.1% +9.2% +17.4% ABOVE 0
IT Services Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
IBM $248.51 +13.0% +14.9% +17.5% +26.0% ABOVE 0
ACN $369.37 +1.7% +5.1% +8.7% +8.1% ABOVE 0
Airlines Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
UAL $109.40 +1.1% +4.2% +12.7% +20.0% ABOVE 0
DAL $67.23 +0.2% +2.1% +13.3% +7.0% ABOVE 0
Hospitality & Travel Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
BKNG $188.66 +1.1% +0.2% -3.9% -3.9% BELOW 0
MAR $288.58 +1.0% +3.0% +4.9% +5.2% ABOVE 0
Food & Restaurant Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
SBUX $104.89 +0.4% +10.3% +19.5% +10.7% ABOVE 0
MCD $280.23 +0.1% +1.7% +0.1% -0.2% BELOW 0
Logistics Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
FDX $210.29 -2.1% -1.5% -4.3% -8.1% BELOW 3
UPS $104.27 -14.1% -13.6% -8.9% -13.2% BELOW 3
Industrial Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
HON $214.50 +1.4% +1.2% -0.8% -2.2% BELOW 0
CAT $369.19 -4.6% -8.0% +3.7% -2.0% BELOW 1
Cybersecurity Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
PANW $187.42 +1.1% -0.1% +3.0% -3.1% BELOW 0
ZS $202.83 +0.6% +4.8% +12.4% +0.7% ABOVE 0
CRWD $99.22 -0.1% +5.9% +16.0% +17.9% ABOVE 2
Chip Equipment Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
LRCX $79.85 +7.4% +1.3% +11.8% +15.6% ABOVE 0
AMAT $179.47 +3.7% -2.7% +11.7% +7.9% ABOVE 0
ASML $727.46 +3.4% +0.6% +6.3% +11.9% ABOVE 0
Data Center REITs Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
DLR $157.19 +1.5% -9.0% -7.4% -8.0% BELOW 0
EQIX $892.16 +1.5% -2.0% -2.2% +2.8% BELOW 0
Utilities Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
SO $80.87 +2.5% +1.7% +3.2% -2.6% ABOVE 0
DUK $106.51 +1.5% +2.2% +4.2% +0.1% ABOVE 0
NEE $68.18 +0.6% -2.1% -0.5% -6.0% BELOW 0
Energy Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
XOM $104.28 +0.8% +0.8% +1.9% -8.2% BELOW 0
CVX $146.60 +0.4% +0.4% +7.9% -2.2% ABOVE 0
Defense & Aerospace Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
RTX $125.68 +3.1% +2.9% +11.5% +8.8% ABOVE 0
GD $249.80 +2.2% -3.6% -2.0% -10.3% BELOW 0
LMT $441.26 +1.2% -7.5% -5.4% -13.5% BELOW 0
Telecom Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
TMUS $228.43 -0.3% +7.2% +6.2% -0.2% ABOVE 1
T $22.47 -0.9% +5.7% +6.8% +7.3% ABOVE 2
VZ $35.78 -2.0% -0.2% +0.4% -3.6% BELOW 3
Media & Entertainment Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
DIS $111.34 +0.2% +1.1% +1.9% -1.0% ABOVE 0
NFLX $97.32 -0.5% -0.4% +9.2% +18.1% ABOVE 1
Biotech Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
GILD $93.17 +1.4% +4.2% +5.0% +10.6% ABOVE 0
AMGN $271.13 +0.8% +3.1% +9.0% +0.9% ABOVE 0
Materials Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
APD $322.36 +2.4% +1.8% +16.2% +6.3% ABOVE 0
LIN $437.59 +1.8% +1.6% +6.6% -0.3% ABOVE 0
Analog & Embedded Chips Show individual tickers
Ticker Price 1D 5D 20D 50D vs 50MA Down Days
TXN $177.38 +2.8% -0.1% -1.2% -7.9% BELOW 0
MCHP $52.89 -1.6% -2.2% -3.8% -11.6% BELOW 3

Key Stock Movers

Today's biggest movers by absolute percentage change: UPS (Logistics) fell 14.1% to $104.27. IBM (IT Services) rose 13.0% to $248.51. ServiceNow (NOW) (Enterprise Software) fell 11.4% to $202.55. Lam Research (LRCX) (Chip Equipment) rose 7.4% to $79.85. Microsoft (MSFT) (Mag 7 (AI Spenders)) fell 6.2% to $410.12. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

There are 1 medium-severity risk signals to monitor. While not requiring immediate action, keep an eye on the flagged sectors for further deterioration.

US Stock Market Outlook

Watchlist activity remains elevated with one medium alert (NVDA down -16.6% from its 20-day high) and sector breadth showing 14 sectors above their 50MA versus 10 below, indicating a market still biased toward leadership but vulnerable to headline shocks. The 50-day trends are mixed: several cyclical and tech-adjacent groups remain constructive while infrastructure and logistics are underperforming their 50-day averages. Positioning advice: trim exposure to extended multiple growth names that failed 50-day support, add selective exposure to chip equipment and supply-chain beneficiaries and IT Services leaders, and use any further NVDA weakness as an opportunity to reassess risk sizing rather than indiscriminately averaging down.

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