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Nightly Wrap-Up
Tuesday, August 04, 2026

RALLY DAY: S&P Surges +1.79% | Selective Buying

SESSION RECAP

• SPY: closed near $771.24 today; watch today's session high and low as the immediate technical reference for the next trading day.

• QQQ: closed near $723.85 today; watch today's session high and low as the immediate technical reference for the next trading day.

MARKET SCORECARD

• SPY: closed near $771.24 today; watch today's session high and low as the immediate technical reference for the next trading day. - NASDAQ (QQQ): $723.85 (Close) | +3.40% • IWM: closed near $301.71 today; watch today's session high and low as the immediate technical reference for the next trading day. - VIX: 16.5 (+4.04%) - Volume: Heavy (1.37x average)

TODAY'S WINNERS

1. Intel Corp (INTC): +10.84% to $100.86 after the company reported better-than-expected quarterly earnings and offered optimistic guidance about future chip demand. 2. Advanced Micro Devices (AMD): +7.00% to $518.58, buoyed by market enthusiasm around new product launches and unexpected strength in data center chip sales. 3. Broadcom Inc (AVGO): +6.61% to $418.16, following news of a favorable contract extension with a key customer, reinforcing its leadership in core networking sectors. 4. Caterpillar Inc (CAT): +5.60% to $876.54 on reports of strong equipment sales figures that outpaced analyst expectations, primarily due to infrastructure spending. 5. Texas Instruments (TXN): +5.42% to $283.63, with positive market sentiment surrounding its continued expansion in the automotive electronics sector.

TODAY'S LOSERS

1. Nike Inc (NKE): -2.63% to $41.52 after the company faced downgrades from several analysts due to supply chain challenges impacting future margin forecasts. 2. Amazon.com Inc (AMZN): -2.32% to $277.42 on concerns about slower-than-expected growth in its cloud division, which overshadowed robust e-commerce performance. 3. UnitedHealth Group (UNH): -1.88% to $407.55 as sector-wide uncertainty in healthcare impacts stock performance despite strong underlying cash flow metrics. 4. Thermo Fisher Scientific (TMO): -1.65% to $564.57 amid broader concerns over potential pricing pressures in the healthcare sector. 5. Abbott Laboratories (ABT): -1.50% to $105.51, reflecting investor caution after a less optimistic outlook on new product approvals.

SECTOR ROTATION ANALYSIS

The technology sector led today's rally with a significant gain of 4.98%, emphasizing a return of risk-on sentiment among investors, spurred by strong tech earnings. Materials and Industrials followed, reflecting optimism in global economic activity and infrastructure investments. Meanwhile, defensive assets such as Utilities and Healthcare lagged, indicating reduced risk aversion and shifting investor focus toward growth opportunities.

TECHNICAL TAKEAWAYS

- SPY demonstrated resilience, holding above $760 and closing near the session's high of $773, suggesting strong support around $765 for the next session. - QQQ broke key resistance levels near $705, closing well beyond at $723.85, highlighting robust bullish momentum that could sustain further upward pressure. - IWM's breach and close above $300 marks a positive technical signal, with immediate support solidifying around $295. - With VIX at 16.5, volatility remains within a controllable frame, but watch for potential spikes if upcoming economic data surprises the market.

LOOKING AHEAD

For the next trading session, investors will likely keep a watchful eye on overnight futures and any pivotal developments in tech earnings spillover effects. Additionally, upcoming employment data releases mid-week could add layers of volatility should figures deviate from expectations. Continued attention to sector rotation trends will be crucial for identifying sustained momentum-driven opportunities.

SESSION VERDICT

Accumulation session as buyers stepped in at support, driving a notable uptrend powered by tech sector leadership.

This edition was published to members after the close on Tuesday, August 04, 2026.

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Archived market commentary from Assets Bulletin, an independent financial publication. Informational only — not investment advice.