In this episode of "Next Day Prep - What We Are Watching Tomorrow," the hosts analyze the market's split behavior, discuss the significant impact of rotation on various sectors, and preview key events and earnings reports for the upcoming trading session.
**(00:00) Introduction:**
The hosts delve into the market dynamics and notable sector rotations shaping the trading landscape.
**(00:28) Split Tape and Market Indices:**
- Discussion on the contrasting performance of growth stocks and major indices.
- Observations on the dramatic shifts in wealth across different sectors.
**(01:06) Market Technicals and S&P 500:**
- Analysis of the S&P 500's critical technical levels and recent market reactions.
- Insights into the potential implications of breaching key moving averages.
**(01:50) AMD Earnings Fallout:**
- Examination of AMD's post-earnings stock plummet despite strong financial results.
- Exploration of market expectations and reactions in the semiconductor sector.
**(02:30) Sector Rotation: Energy and Materials:**
- Overview of the market flight to safety and key sectors experiencing notable gains.
- Highlighting the performance of Energy and Materials stocks amid ongoing market shifts.
**(03:05) Spotlight on Healthcare:**
- Noteworthy developments in the healthcare sector, particularly the performance of Eli Lilly and Amgen.
- Discussion on the defensive strategy of traders amidst the changing market landscape.
**(03:35) Market Preview - Thursday's Outlook:**
- Preview of upcoming macroeconomic data releases and significant earnings reports for the following trading day.
- Anticipation of market movers such as Bristol Myers Squibb, ConocoPhillips, and Amazon.
**(04:05) Quick Hits - Stock Upgrades and Downgrades:**
- Rapid insights into recent stock upgrades and downgrades affecting market sentiment.
- Recommendations on monitoring key technical levels and sector shifts for informed trading decisions.
Closing remarks and reminders for traders to stay vigilant and adapt to evolving market conditions.
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The post Next Day Prep: Market Insight Tech Bloodbath, Dow Defies What’s Safe Now? – Wednesday 2/04/2026 first appeared on WaveRider Reads: Trading Books Unpacked.