Next Day Prep

Next Day Prep: Tech Giants Tank, Defensive Sectors Shine – Wednesday 8/20/2025


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**Podcast Summary:**

Welcome to Next Day Prep - What We Are Watching Tomorrow where we dissect today's market movements and pinpoint actionable insights for traders.

**(00:00) Intro & Market Overview:**

- The market experienced a shift today with tech under pressure and a cautious sentiment prevailing.
- Money flowed into defensive sectors amid risk-off sentiment ahead of Fed Chair Powell's speech at Jackson Hole.

**(01:08) Broader Market Analysis:**

- Market internals showed a bearish lean with sellers dominating, hinting at a broader risk-off sentiment despite mixed market results.

**(02:07) Semiconductor Sector Analysis:**

- Semiconductors faced volatility, with notable movements in SOX index and specific companies like NVIDIA and Intel.

**(02:46) Technical Analysis of SPY and QQQ:**

- Despite mega-cap weakness, SPY and QQQ maintain bullish chart structures with key support and resistance levels outlined.

**(03:32) Continuation Opportunities:**

- Identified strong setups in healthcare and technology sectors with clear entry, target, and stop-loss levels for stocks like ISRG and ADI.

**(04:16) Anticipation Watchlist:**

- Highlighted upcoming opportunities in semiconductor equipment and well-performing stocks like Eli Lilly and Salesforce, with detailed trade plans provided.

**(05:02) Market Wrap-Up & Outlook:**

- Concluded with the key takeaway for traders to navigate the rotational market dynamics, leverage technical setups, and manage risks effectively.

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The post Next Day Prep: Tech Giants Tank, Defensive Sectors Shine – Wednesday 8/20/2025 first appeared on WaveRider Reads: Trading Books Unpacked.

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