Podcast
Next Day Prep #79: Market Alert Consolidation Breakout Ahead – Tuesday 7/29/2025
Key takeaways
- Be prepared for market uncertainty amidst key announcements. Stay alert for sector rotations and focus on individual stock strength for trading opportunities.
Next Day Prep: Market Alert Consolidation Breakout Ahead
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Market Briefing: What to Watch Tomorrow
Welcome to Next Day Prep – What We Are Watching Tomorrow. Today’s market saw early record highs in major indices but ended in a late sell-off, indicating indecisiveness and consolidation in the market.
Overnight Headlines
- The S&P 500 hit 6409, Nasdaq 21,303 with NVIDIA reaching all-time highs.
- Sectors like Tech declined while Real Estate and Utilities showed strength, signaling defensive rotation.
- A rally in treasuries sent yields crashing, impacting market sentiment before the upcoming Fed decision.
Economic Announcements
- Anticipation for the FOMC statement with no expected rate cut but potential dissenter, alongside Q2 GDP release.
Earnings Highlights
- Several major companies reported disappointing earnings, including UPS, UnitedHealth, and Whirlpool.
- Notable was the drastic guidance cut by Whirlpool leading to a loss of credibility.
Top Movers
- Continuation Plays: Look for strength in tech stocks like AMD and semiconductor companies SNPS and CDNS.
- Anticipation Setups: Monitor VRT, INTU, and TSM for potential moves after basing.
Quick Trade Ideas
- Consider entry points and targets for stocks like AMD, SNPS, CDNS, Vertiv, INTU, and TSM based on technical analysis.