Podcast
Next Day Prep #68: Tech Roars Amid Market Bloodshed – Wednesday 7/16/2025
Key takeaways
- Prepare for a possible further market decline with a fractured landscape. Watch the S&P 500 support at 620 closely. Be strategic in trading, identify entry and exit points, and brace for volatility from upcoming economic data and earnings releases.
Next Day Prep: Tech Roars Amid Market Bloodshed
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
The market experienced a bearish session today, with the Nasdaq hitting a record high amidst broader weakness. The June CPI report sent a chill through the market, especially in sectors outside of tech.
Overnight Headlines
- NVIDIA resumed sales of H20 chips to China, boosting semiconductor sector.
- AI infrastructure spending news from Google and CoreWeave added further momentum.
- Apparel and household prices surged in the CPI report, indicating potential risks of sticky inflation and tariff impacts.
Economic Announcements
The 10-year Treasury yield spiked to 4.49%, reflecting reduced odds of a rate cut in September. Fed’s stance signals patience amidst inflation concerns.
Earnings Highlights
- Brutal reaction to bank earnings, with JPMorgan, BlackRock beating but selling off, while Citigroup outperformed.
- Albertsons faced intense margin pressure despite revenue beat and raised guidance.
Top Movers
- METC showing strength by breaking key levels with strong volume.
- Watch for potential bounce in names like Tesla and COGT at critical support levels.
Quick Trade Ideas
- Continue momentum plays with names like RNAC breaking resistance.
- Anticipation setups in ILPT and COGT near support for potential breakouts.