US Stock Market Sector Analysis – Thursday, November 20, 2025 BEARISH

Nvidia's post-earnings reversal set the tone for a risk-off session as the Nasdaq fell to its lowest level since September and investors digested headline-driven flows — including Ark's reported sell of AMD and a fresh buy of NVIDIA. Chip Supply Chain names led sector losses, with the Chip Supply Chain index down 4.1% and AMD (AMD) plunging 7.8% to $206.02 after heavy Ark activity. The S&P 500 breadth was weak across the board: only 2 sectors rose while 19 fell, and the Magnificent 7 cohort finished lower on the day (Mag 7 -1.6%), amplifying the market's cautious tone. Retail was a notable outlier, where Walmart (WMT) jumped 6.5% to $106.47 and helped narrow overall losses in consumer-facing stocks.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.10%

stable

Impact

Confidence

Crude Oil (WTI)

Neutral

$59.14

-0.5% 1D

Impact

Confidence

VIX (Fear Index)

Elevated Caution

26.4

+11.7% 1D

Impact

Confidence

200-Day Moving Average

Bullish Trend Intact

0/3 below

SPY above (+6.6%), QQQ above (+8.0%), DIA above (+4.9%)

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Strong Cash-Deploy Signal

26%

18 of 68 above 50DMA · -25.0pp 5D

Impact

Confidence

Put/Call Ratio (5D)

Caution

0.82

Call-Heavy · rising

Impact

Confidence

Signal analysis only — not investment advice

Sector Performance (Base=100)

AI and Technology Sector Analysis

The AI investment theme showed cracks today as NVIDIA (NVDA) $180.41 reversed gains and the broader Mag 7 group lost ground, underscoring that AI leadership isn't immune to positioning shifts and headline-driven portfolio rebalancing. AMD (AMD) $206.02's steep drop and weakness across the Chip Supply Chain (-4.1% 1d, -10.8% 20d) suggest near-term supply-chain and sentiment risk for semiconductor capex beneficiaries. At the same time, large software and cloud names such as Microsoft (MSFT) $476.31 remain key bellwethers for infrastructure and enterprise adoption, but pressure in Enterprise Software (-2.7% 1d, -13.2% 20d) highlights execution and demand concerns. Investors should separate durable infrastructure winners from cyclical chip-equipment and data-center plays when sizing AI exposure.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	-1.6%	-3.1%	-4.4%	BELOW
Chip Supply Chain	-4.1%	-6.8%	-10.8%	BELOW
Infrastructure	-4.2%	-9.6%	-16.6%	BELOW
Enterprise Software	-2.7%	-7.4%	-13.2%	BELOW
Finance	-1.6%	-1.9%	-1.0%	BELOW
Healthcare	+0.1%	-0.7%	+6.3%	BELOW
Retail	+3.4%	+0.7%	-1.6%	BELOW
IT Services	+0.3%	-3.4%	-3.9%	BELOW
Airlines	-1.5%	-4.7%	-8.7%	BELOW
Hospitality & Travel	-1.4%	-5.1%	-3.3%	BELOW
Food & Restaurant	-0.4%	-1.7%	-1.9%	BELOW
Logistics	-0.7%	-2.7%	+7.5%	ABOVE
Industrial	-1.3%	-3.5%	-1.3%	BELOW
Cybersecurity	-5.1%	-7.7%	-11.0%	BELOW
Chip Equipment	-6.0%	-3.6%	-5.5%	BELOW
Data Center REITs	-1.3%	-2.0%	-10.9%	BELOW
Utilities	-0.1%	-0.4%	-3.3%	BELOW
Energy	-0.6%	-2.7%	+0.0%	BELOW
Defense & Aerospace	-0.7%	-0.8%	-3.4%	ABOVE
Telecom	-0.1%	-1.2%	+1.1%	BELOW
Media & Entertainment	-2.9%	-4.0%	-5.8%	BELOW
Biotech	-2.1%	-0.1%	+9.3%	ABOVE
Materials	-1.0%	-3.3%	-5.0%	BELOW
Analog & Embedded Chips	-2.9%	-6.1%	-15.5%	BELOW

Sector Strength

Retail +3.4% 20d: -1.6%

Walmart (WMT) +6.5% (20d: +0.9%), Costco (COST) +0.3% (20d: -4.0%) [<50MA]

IT Services +0.3% 20d: -3.9%

IBM +0.6% (20d: -5.0%), Accenture (ACN) -0.1% (20d: -2.8%) [<50MA]

Sector Warnings

Chip Equipment -6.0% 20d: -5.5%

Lam Research (LRCX) -6.2% (20d: -8.0%) [<50MA], Applied Materials (AMAT) -6.2% (20d: -3.5%), ASML -5.6% (20d: -4.9%) [<50MA]

Cybersecurity -5.1% 20d: -11.0% CRITICAL

Palo Alto Networks (PANW) -7.4% (20d: -14.8%) [<50MA], Zscaler (ZS) -4.1% (20d: -13.4%) [<50MA], CrowdStrike (CRWD) -3.7% (20d: -4.9%) [<50MA]

Infrastructure -4.2% 20d: -16.6% CRITICAL

Vertiv (VRT) -6.5% (20d: -14.2%) [<50MA], Super Micro (SMCI) -6.4% (20d: -34.6%) [<50MA], Cisco (CSCO) -3.8% (20d: +6.8%)

Chip Supply Chain -4.1% 20d: -10.8% CRITICAL

AMD -7.8% (20d: -18.5%) [<50MA], Marvell (MRVL) -5.7% (20d: -8.9%) [<50MA], Intel (INTC) -4.2% (20d: -12.2%) [<50MA]

Analog & Embedded Chips -2.9% 20d: -15.5% CRITICAL

Microchip Technology (MCHP) -3.5% (20d: -22.4%) [<50MA], Texas Instruments (TXN) -2.4% (20d: -8.5%) [<50MA]

Sector Deep Dive

Chip Supply Chain suffered a meaningful pullback today, led by AMD (AMD) which fell 7.8% to $206.02; the sector is down 10.8% over 20 days and sits below its 50-day trend despite a 50-day performance of +10.6%. Lam Research (LRCX) underperformed within the equipment complex, dropping 6.2% to $139.10 and reflecting the broader 20-day deterioration. The 50-day window shows the group losing momentum even as some longer-term readings remain positive, signaling a tactical setup where earnings and capex commentary will drive the next leg.

Infrastructure names were sharply weaker with the sector off 4.2% on the day and down 16.6% over 20 days, a high-alert theme. Super Micro (SMCI) declined 6.4% to $31.56 and Vertiv (VRT) slid 6.5% to $159.48, both trading below their 50-day context, underscoring the sector's pronounced downtrend. This 50-day frame confirms fading investor appetite for cyclical hardware exposed to slower enterprise spending and inventory digestion, raising the bar for any durable bounce.

Enterprise Software continued to underperform, falling 2.7% today and -13.2% over 20 days, well below the 50-day trend (-10.1%), a clear warning sign for the software-intensive stretch of the market. Palo Alto Networks (PANW) was a notable loser, down 7.4% to $185.07, amplifying sector downside as customers appear to delay discretionary spend. The 50-day deterioration suggests earnings season will be binary for names lacking clear visibility into renewals and large cloud migrations.

Retail and Select Defensive sectors provided contrast: Walmart (WMT) rallied 6.5% to $106.47, lifting the Retail sector +3.4% on the day despite Retail sitting below its 50-day average (-2.0%). In Healthcare, UnitedHealth (UNH) gained 0.8% to $305.33, supporting a largely flat Healthcare sector (+0.1% 1d) that remains below its 50-day trend despite positive 20- and 50-day returns in Biotech. This bifurcation across consumer staples and selective healthcare names reflects traders rotating toward higher-quality, cash-generative businesses amid market stress.

Market Breadth Analysis

US stock market breadth analysis shows 3 of 24 sectors trading above their 50-day moving average, while 21 are below. With the majority of sectors below the 50-day MA, medium-term momentum is deteriorating. The 20-day breadth shows 19 sectors in negative territory, pointing to widespread selling pressure.

Interactive Charts

S&P 500 & NASDAQ 100

50-Day Sector Performance

1-Day vs 5-Day Sector Change

Active Alerts

HIGH Chip Supply Chain down -10.8% over 20 days

HIGH Infrastructure down -16.6% over 20 days

HIGH Enterprise Software down -13.2% over 20 days

HIGH Cybersecurity down -11.0% over 20 days

HIGH Data Center REITs down -10.9% over 20 days

HIGH Analog & Embedded Chips down -15.5% over 20 days

HIGH Analog & Embedded Chips down -19.8% over 50 days

HIGH 9 sectors declining >5% over 20 days: Chip Supply Chain, Infrastructure, Enterprise Software, Airlines, Cybersecurity, Chip Equipment, Data Center REITs, Media & Entertainment, Analog & Embedded Chips

HIGH 6 sectors declining >10% over 50 days: Enterprise Software, Airlines, Telecom, Media & Entertainment, Materials, Analog & Embedded Chips

MEDIUM META down -21.6% from 20-day high

MEDIUM TSLA down -15.6% from 20-day high

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
META	$587.62	-0.2%	-3.3%	-20.2%	-22.0%	BELOW	5
AAPL	$265.76	-0.9%	-2.3%	+1.4%	+13.9%	ABOVE	1
GOOG	$289.41	-1.0%	+4.7%	+11.3%	+20.1%	ABOVE	1
MSFT	$476.31	-1.6%	-6.0%	-8.5%	-6.0%	BELOW	4
TSLA	$395.23	-2.2%	-2.3%	-8.9%	-0.2%	BELOW	1
AMZN	$217.14	-2.5%	-7.5%	-3.2%	-4.8%	BELOW	1
NVDA	$180.41	-3.2%	-5.0%	-3.0%	+1.6%	BELOW	1

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TSM	$275.33	-1.7%	-2.6%	-5.9%	+7.3%	BELOW	1
AVGO	$344.89	-2.1%	+1.3%	-2.1%	-3.5%	BELOW	1
ARM	$132.53	-3.3%	-5.2%	-22.4%	-12.0%	BELOW	1
QCOM	$157.19	-3.9%	-8.3%	-5.5%	-1.4%	BELOW	1
INTC	$33.62	-4.2%	-5.3%	-12.2%	+39.6%	BELOW	1
MRVL	$76.57	-5.7%	-11.3%	-8.9%	+13.9%	BELOW	1
AMD	$206.02	-7.8%	-16.5%	-18.5%	+29.9%	BELOW	6

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DELL	$116.53	-1.7%	-12.2%	-26.0%	-5.8%	BELOW	2
HPE	$19.72	-2.8%	-12.3%	-14.8%	-18.6%	BELOW	6
CSCO	$74.36	-3.8%	-3.3%	+6.8%	+14.1%	ABOVE	1
SMCI	$31.56	-6.4%	-13.3%	-34.6%	-29.9%	BELOW	2
VRT	$159.48	-6.5%	-6.6%	-14.2%	+18.4%	BELOW	1

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CRM	$223.87	-1.1%	-7.5%	-11.6%	-7.0%	BELOW	4
ADBE	$312.40	-1.8%	-5.7%	-11.6%	-10.6%	BELOW	6
NOW	$160.09	-2.0%	-5.9%	-13.9%	-13.8%	BELOW	4
PLTR	$155.74	-5.8%	-10.5%	-15.6%	-9.1%	BELOW	4

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
GS	$762.49	-1.6%	-2.2%	-1.3%	-0.8%	BELOW	1
JPM	$294.20	-1.6%	-1.7%	-0.7%	-2.3%	BELOW	1

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UNH	$305.33	+0.8%	-3.2%	-14.1%	-11.1%	BELOW	0
LLY	$1039.76	-0.6%	+1.8%	+26.6%	+38.3%	ABOVE	1

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$106.47	+6.5%	+4.5%	+0.9%	+3.5%	ABOVE	0
COST	$890.78	+0.3%	-3.2%	-4.0%	-7.6%	BELOW	0

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
IBM	$286.64	+0.6%	-5.0%	-5.0%	+15.2%	ABOVE	0
ACN	$235.93	-0.1%	-1.8%	-2.8%	+0.9%	BELOW	1

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UAL	$90.05	-1.4%	-5.2%	-9.3%	-15.5%	BELOW	2
DAL	$55.53	-1.6%	-4.2%	-8.2%	-6.2%	BELOW	2

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MAR	$281.28	-0.4%	-0.9%	+4.3%	+6.2%	ABOVE	1
BKNG	$182.10	-2.3%	-9.2%	-10.9%	-16.0%	BELOW	6

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCD	$298.64	+0.5%	-0.9%	-0.5%	-0.4%	ABOVE	0
SBUX	$81.61	-1.3%	-2.5%	-3.3%	+1.6%	BELOW	1

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
FDX	$209.29	+0.2%	-1.7%	+9.1%	+14.6%	ABOVE	0
UPS	$88.13	-1.7%	-3.7%	+6.0%	+9.6%	ABOVE	4

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CAT	$543.82	-1.3%	-1.4%	+4.5%	+26.9%	ABOVE	1
HON	$195.27	-1.3%	-5.5%	-7.1%	-5.0%	BELOW	4

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CRWD	$125.33	-3.7%	-6.7%	-4.9%	+15.0%	BELOW	1
ZS	$279.73	-4.1%	-6.6%	-13.4%	-1.2%	BELOW	7
PANW	$185.07	-7.4%	-9.8%	-14.8%	-5.7%	BELOW	4

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ASML	$977.61	-5.6%	-2.6%	-4.9%	+20.8%	BELOW	1
AMAT	$219.68	-6.2%	-2.4%	-3.5%	+31.5%	ABOVE	1
LRCX	$139.10	-6.2%	-5.8%	-8.0%	+19.6%	BELOW	1

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DLR	$154.25	-1.1%	-0.4%	-12.1%	-8.5%	BELOW	2
EQIX	$745.04	-1.6%	-3.6%	-9.8%	-4.0%	BELOW	2

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DUK	$120.46	+0.3%	-0.1%	-3.0%	+1.4%	BELOW	0
NEE	$82.56	+0.0%	+0.5%	-0.1%	+17.7%	ABOVE	0
SO	$87.16	-0.5%	-1.5%	-6.9%	-3.2%	BELOW	2

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
XOM	$115.46	-0.3%	-1.9%	+2.3%	+5.2%	ABOVE	2
CVX	$147.50	-0.9%	-3.6%	-2.3%	-3.3%	BELOW	2

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
LMT	$459.29	-0.4%	+0.5%	-3.5%	-0.6%	BELOW	2
RTX	$170.77	-0.6%	-1.6%	-3.3%	+10.8%	ABOVE	3
GD	$335.02	-1.1%	-1.4%	-3.2%	+4.5%	ABOVE	1

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
T	$24.63	+1.0%	-0.3%	+1.5%	-12.8%	BELOW	0
TMUS	$207.34	-0.4%	-2.6%	-3.3%	-12.9%	BELOW	4
VZ	$38.81	-1.0%	-0.7%	+5.0%	-5.7%	BELOW	2

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DIS	$101.23	-1.9%	-2.9%	-8.0%	-11.4%	BELOW	2
NFLX	$105.67	-3.9%	-5.0%	-3.5%	-11.1%	BELOW	2

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMGN	$328.91	-1.8%	-0.2%	+15.2%	+21.6%	ABOVE	2
GILD	$122.66	-2.4%	-0.0%	+3.3%	+9.9%	ABOVE	1

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
APD	$246.19	-0.9%	-3.2%	-1.5%	-13.7%	BELOW	1
LIN	$404.37	-1.1%	-3.5%	-8.4%	-15.3%	BELOW	6

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
TXN	$151.57	-2.4%	-3.8%	-8.5%	-15.3%	BELOW	2
MCHP	$48.06	-3.5%	-8.3%	-22.4%	-24.2%	BELOW	6

Key Stock Movers

Today's biggest movers by absolute percentage change: AMD (Chip Supply Chain) fell 7.8% to $206.02. Palo Alto Networks (PANW) (Cybersecurity) fell 7.4% to $185.07. Vertiv (VRT) (Infrastructure) fell 6.5% to $159.48. Walmart (WMT) (Retail) rose 6.5% to $106.47. Super Micro (SMCI) (Infrastructure) fell 6.4% to $31.56. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

On the risk side, 9 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

With 3 sectors above their 50MA and 21 below, and multiple high alerts on 20- and 50-day deterioration (notably Infrastructure, Chip Supply Chain, Enterprise Software, and Analog & Embedded Chips), the US stock market faces a period of heightened dispersion and headline sensitivity. Breadth metrics are weak — 19 sectors down today — and 9 sectors have declined more than 5% over 20 days, reinforcing a defensive stance until 50-day trends stabilize. Positioning guidance: reduce exposure to cyclicals and deep-technology hardware names unless valuations reset with clearer earnings visibility, while selectively adding quality retail and defensive healthcare names that are showing relative strength.

Hypothetical Portfolio

SIMULATION

Value $94,502

P&L -5.50%

Today -1.81%

View full portfolio → Simulation only. Not investment advice.

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