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Next Day Prep #30: Resilient Stocks Defy Inflation Rampage – Monday 5/19/2025

By WaveRider AI1 min read

Key takeaways

  • Market sentiment remains cautiously optimistic with potential breakouts amidst consolidation. Tech and healthcare sectors show strength, but traders should remain disciplined and monitor economic data for potential shifts.
  • Thanks for tuning in to Next Day Prep. Have a profitable trading day tomorrow!

Next Day Prep: Resilient Stocks Defy Inflation Rampage

A quick analysis of today’s market outlook and key trading opportunities to start your day.

Intro & Market Mood

Welcome to Next Day Prep – What We Are Watching Tomorrow! The markets saw a positive week with the Dow clawing back into the green for the year. Strong finishes across major indices highlighted resilient market sentiment, with tech and healthcare sectors leading.

Overnight Headlines

  • Market shrugged off consumer sentiment dip and inflation concerns, closing near session highs.
  • Treasury yields responded to inflation data, closing slightly higher.
  • WaveRider AI’s analysis shows SPY and QQQ with cautious optimism, hinting at short-term consolidation.

Economic Announcements

  • April Housing Starts slightly below consensus; underwhelming single-unit permits across regions signal cautious consumers and builders.
  • Import/export prices contained, but University of Michigan Consumer Sentiment showed declining views on personal finances and inflation expectations.

Earnings Highlights

  • DOCS (Doximity) reported a strong quarter but issued downside revenue guidance, citing transition challenges and macro uncertainty.
  • AMAT (Applied Materials) beat expectations, while GLOB (Globant) and FLO (Flowers Foods) missed and lowered guidance.

Top Movers

  • Continuation Breakout candidates: NET (Cloudflare), MARA (Marathon Digital), CAT (Caterpillar), DASH (DoorDash), DUOL
  • Anticipation Setups: NVDA (Nvidia), TSLA (Tesla), MSFT (Microsoft)

Quick Trade Ideas

  • NET: Support at 156.00, Resistance at 157.50
  • MARA: Support at 16.00, Resistance at 16.80
  • CAT: Support at 353.00, Resistance at 354.50
  • DASH: Support at 201.00, Resistance at 203.00
  • DUOL: Support at 527.00, Resistance at 529.50