### Podcast Summary:

Welcome to Next Day Prep - What We Are Watching Tomorrow! This episode dives into the market's rollercoaster day with insights on sector performance, key economic data, earnings reactions, and actionable trading ideas.

**(00:00)** *Introduction*: A recap of the day's market movements highlighting the impact of news on investor sentiment.

**(01:35)** *Market Recap*: Discussion on the market's response to various events affecting the S&P 500 and tech sector.

**(04:22)** *Sector Performance*: Analysis of sector movements, including mega-cap growth, consumer staples, utilities, and the lagging sectors.

**(06:58)** *Semiconductor Market Update*: Insights on NVIDIA and SOX performance, putting them in perspective with significant month-to-date gains.

**(09:10)** *Year-to-Date Index Review*: A review of broader indices' performance showcasing varied results across major indexes.

**(10:50)** *Technical Analysis*: Examination of SPY, QQQ, and volatility index movements, signaling possible trends and resistance levels.

**(12:48)** *Key Economic Data*: Breakdown of Personal Income, Spending, PCE Price Index, and University of Michigan Consumer Sentiment reports.

**(14:30)** *Chicago PMI Report*: Analysis of the manufacturing activity contraction indicated by the Chicago PMI for May.

**(17:04)** *Macro Headlines*: Overview of key macroeconomic updates concerning trade talks, tariffs, and infrastructure projects.

**(19:20)** *Stock Analysis - Elastic*: Detailed discussion on Elastic's strong quarterly performance contrasting with cautious guidance and investor reactions.

**(22:45)** *Earnings Reports*: A roundup of notable earnings reactions including Ulta, Costco, Dell, Gap, American Eagle, Zscaler, and more.

**(24:56)** *Upcoming Earnings*: Preview of next week's significant earnings releases across various sectors.

**(26:30)** *Actionable Trading Ideas*: Insights on continuation breakouts and anticipation setups in sectors like healthcare, tech, communications, and industrials.

**(30:15)** *Market Outlook*: Summary on the current market sentiment, trends, and advice for traders awaiting clearer signals.

**(32:10)** *Conclusion*: A thoughtful wrap-up of the market analysis and trading recommendations for the upcoming session and week.

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The post Next Day Prep: Tech Fears Ease, Mega-Caps Rally Pre-Weekend – Friday 5/30/2025 first appeared on WaveRider Reads: Trading Books Unpacked.