GREEN SESSION: SPY +1.42% | Range-bound
SESSION RECAP
• SPY: closed near $757.67 today; watch today's session high and low as the immediate technical reference for the next trading day.
• QQQ: closed near $700.07 today; watch today's session high and low as the immediate technical reference for the next trading day.
MARKET SCORECARD
• SPY: closed near $757.67 today; watch today's session high and low as the immediate technical reference for the next trading day. - NASDAQ (QQQ): $700.07 (Close) | +1.76% • IWM: closed near $296.23 today; watch today's session high and low as the immediate technical reference for the next trading day. • VIX: closed near $15.86 today; watch today's session high and low as the immediate technical reference for the next trading day. - Volume: Normal (1.07x average)
TODAY'S WINNERS
- ORCL (+9.22%): Oracle soared after it reported stronger-than-expected cloud services revenue, igniting investor enthusiasm. - BA (+8.00%): Boeing shares took off amid a significant uptick in commercial airline orders. - META (+6.02%): Meta Platforms surged on record-breaking user engagement metrics for its new metaverse offerings. - MSFT (+4.93%): Microsoft rallied following the announcement of a strategic AI partnership enhancing its Azure services. - GOOGL (+4.88%): Alphabet climbed as analysts raised price targets with upward revisions in ad revenue forecasts.
TODAY'S LOSERS
- TXN (-2.43%): Texas Instruments slid after delivering guidance that fell short of analyst expectations, causing concerns over semiconductor demand. - ABBV (-2.34%): AbbVie declined following regulatory headwinds on its latest drug pipeline. - MCD (-2.00%): McDonald's fell amid investor worries about rising competition in the fast-food sector impacting growth prospects. - CVX (-1.85%): Chevron retreated as commodity prices dipped, weighing on energy equities. - MRK (-1.85%): Merck decreased due to disappointing trial results from one of its key experimental drugs.
SECTOR ROTATION ANALYSIS
Communication Services, Industrials, and Consumer Discretionary sectors led today's advance, signifying robust investor appetite for cyclical and growth-oriented sectors. This rotation suggests an optimistic outlook toward economic growth and innovation-driven industries. Meanwhile, the retreat in Energy, Consumer Staples, and Healthcare sectors underscores a temporary move away from traditionally defensive plays.
TECHNICAL TAKEAWAYS
- SPY successfully defended the $750 level, forming a base near the day's low, highlighting near-term support. - Observers should note that SPY's next resistance appears close to today's high at $758. - NASDAQ shows strong momentum above $690, with potential consolidation before testing $710 resistance. - Watch IWM as it approaches $300; a sustained breakout could signal persistent strength in small caps.
LOOKING AHEAD
For the next trading session, investors should monitor any overnight economic data and futures movements for cues on session direction. Continued strength in leading sectors could pave the way for further gains. Additionally, upcoming corporate earnings may further influence sector sentiment and market breadth.
SESSION VERDICT
Accumulation session as momentum built up from key sectors accelerated broad market participation, lifting indices to solid gains.
This edition was published to members after the close on Monday, August 03, 2026.
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Archived market commentary from Assets Bulletin, an independent financial publication. Informational only — not investment advice.