Next Day Prep: **Bulls Strike Back Technical Clues Signal Shift**
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
What a wild ride to end the week! Bulls managed to pull out a win at the bell after a technical victory where the S&P 500 dipped below its 50-day moving average but closed at the highs of the day.
Overnight Headlines
- S&P 500 and Dow closed higher, but internals are cautious.
- Winners: Energy, Utilities, Materials, and Staples.
- Losers: Communication Services and weak Tech sector.
Economic Announcements
- Main Events for Next Week: Thursday – CPI inflation report, Friday – PPI and Retail Sales.
Earnings Highlights
- Expedia – Beat on earnings, raised guidance, stock up 17%.
- Weakness: Take-Two Interactive, The Trade Desk, Microchip down amid growth names.
Top Movers
- Strength in MOD in the industrial space.
- Quality growth in software: MDB and ZS showing resilience.
- Defensive play: CAH in healthcare holding up well.
Quick Trade Ideas
- MOD: Look for push towards 160.
- MDB & ZS: Potential for further upside.
- CAH: Defensive pick holding strong.
Key Takeaway
Extreme caution advised despite strong index close. Focus on proven strength, be selective, know your levels, and manage risk in this trader’s market.