To The Moon

The stock market rally had another generally positive session Tuesday. Small caps, the Dow Jones and many sectors continued to run higher.

The S&P 500 hit a record high while the Nasdaq edged higher as megacaps generally paused. $NVIDIA Corp(NVDA)$ fell modestly while $Tesla Motors(TSLA)$ rose slightly

S&P 500 Financial Sector Among Top Performer

As traders and investors rotated out of the last week leaders into laggards, technology companies shares fell slightly.

S&P 500 Industrial and materials sectors that have more to gain from a rate cut in the coming months. S&P 500 Industrial sector led the pack with a +2.54% gain followed by Materials with +1.96%. The worst performers with negative gains are information technology and communication services.

Note Yield Settle Lower

With the belief that former President Trump is likely to win in November, we saw an early rise in market rates, but the note yield settled lower below their high yields.

The 10-year note yield settled lower to 4.163% after hitting 4.45%, and the 2-year note yield settled lower to 4.434% after hitting 4.22%.

Upcoming Earnings This Week From Chips Makers

Chip-equipment giant ASML (ASML) reports before Wednesday's open with key customer and Nvidia chipmaker $Taiwan Semiconductor Manufacturing(TSM)$ due early Thursday. ASML stock is holding in range of a 1,056.34 buy point.

Stocks To Watch

$Toast, Inc.(TOST)$ stock rose 1.55% on Tuesday to 256.56 clearing a 26.29 buy point from a short cup-with-handle base next to a longer consolidation. The restaurant software play is set to turn profitable in 2024. Keep in mind that TOST stock has had multiple failed breakouts over the past year.

MACD is forming a bullish crossover with the earlier BUY signal from KDJ, these indicator should give us confidence that an upside is coming for Toast moving forward.

We are going to see pretty strong buying sentiment and possible a breakout.

$UnitedHealth(UNH)$ stock jumped 6.5% to 548.87 after the Dow Jones health insurer beat views and reaffirmed guidance. Rising expectation that Donald Trump will regain the White House has also buoyed big Medicare Advantage players.

UNH stock decisively cleared a trendline and topped various short-term highs on Tuesday. Shares are not far from an official consolidation buy point of 554.70. UnitedHealth is still within range of its 200-day line, cleared on last Friday (12 July).

Even with the anticipation of better support, technical indicators are also showing potential upside continual for UNH, as both MACD and KDJ are now giving signal for upside movement.

I am considering whether to increase the holdings.

Summary

The stock market rally has broadened dramatically, with a large number of buying opportunities in the past week. Meanwhile, most of the Big Tech leaders are holding up reasonably well.

I think the tech sector rotation might last for a while, so it might be good to explore some other sectors for opportunities, as the last 2 days, we have seen different sectors leading the S&P 500 sectors.

Appreciate if you could share your thoughts in the comment section whether you think other sectors would continue to perform while tech sectors might lagged or can we expect a strong performance from semiconductor stocks earnings?

@TigerStars @Daily_Discussion @Tiger_Earnings @TigerWire appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts.

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.