On Tuesday,U.S.stock markets saw a modest rebound,with three major indices managing to stabilize amid pressure at their respective peaks.Notably,the S&P 500 index broke through resistance levels,igniting some optimism to break out of its current consolidation phase.Meanwhile,both the Nasdaq and Dow Jones approached their ceilings,suggesting that the next few days could be pivotal in determining the market's trajectory.

In a more technical analysis,the Philadelphia Semiconductor Index has formed a symmetrical triangle,currently oscillating near the upper boundary as it approaches the apex.This pattern typically signals a market choice point,which is further underscored by NVIDIA's upcoming earnings report,recognized as an influential barometer for the tech sector.For the near term,the market appears to be trapped in a sideways trading range,but with signs of a potential upward movement following recent support.

The S&P Real Estate and Biotech sectors have recently displayed some resilience against prior downturns.Real estate is gradually climbing,while biotech has struggled to maintain momentum,oscillating sideways and forming another symmetrical triangle with uncertain future directions.

Gold prices have witnessed a significant surge,reaching new highs within an ascending channel,though a brief drop occurred as it approached resistance levels.However,it quickly rebounded.Silver,after battling against previous highs,finally broke through its resistance today following several days of fluctuating prices,showing the possibility of revisiting earlier peaks.

In the oil markets,crude oil futures and energy stocks faced a brief pullback after experiencing short-term gains.Recently,oil prices bounced back off descending trends,hinting at a recovery phase.Energy stocks have formed a symmetrical triangle at mid-levels,leaving their directional outcome uncertain going forward.

Related highlights indicate that the S&P 500 index reached record highs,even amid declines from tech giants like Meta and Amazon.

After hours,futures for the Dow Jones,S&P 500,and Nasdaq showed little variation.Arista Networks and Shift4 captured headlines post-close with their earnings reports.

The American stock market experienced slight increases on Tuesday,with the S&P 500 reaching an all-time high just before the close.

Meta Platforms,Netflix,Broadcom,and Amazon saw declines,with Amazon slipping below its 50-day moving average.NVIDIA gained modestly but retreated from its highs upon encountering resistance at trend line entries.Noteworthy is that Tyson International broke out from a textbook cup-and-handle formation.

1.Key Earnings

Although Arista Networks reported earnings exceeding expectations and provided slightly optimistic guidance,its stock dramatically fell in after-hours trading.The stock had increased by 3.9% during Tuesday's regular session but still remained below its 50-day line,further impacted by a sell-off in AI hardware that occurred on January 26.

2.Tuesday's Market Activity

The U.S.stock market opened positively but gradually weakened,concluding with minor gains.

The Dow Jones Industrial Average experienced a slight increase during trading hours on Tuesday.The S&P 500 rose by 0.2%,just hitting a new record.The Nasdaq composite rose by less than 0.1%.

Meta's shares decreased by 2.8%,interrupting a streak of 20 consecutive trading days in the green.Netflix fell by 2.15%,while also marking a historic low in trading range.Broadcom's stock dropped by 1.9%,but it rebounded from its lows back up to the 21-day line,providing some basement support as the stock fluctuated.Amazon's stock fell by 0.9%,dipping beneath its 50-day line yet managed to recover slightly by the day's end.

The small-cap Russell 2000 index increased by 0.45%,holding slightly over the declining 50-day line.

The Invesco S&P 500 Equal Weight ETF rose by 0.8%,continuing to stay in the upper range of its recent trading conditions.The First Trust Nasdaq-100 Equal Weight ETF jumped by 1%,achieving new record highs,indicating a general strength among growth stocks.

Leading stocks displayed mixed results,with some slowly gaining while others receded.Axon’s stock surged 3.9% to 710.01,crossing a pivotal entry point,although earnings remain a week away.Apart from Axon,few stocks signaled strong entry points.

U.S.crude prices saw a rise of 1.5%,settling at $71.85 per barrel.

The yield on the 10-year U.S.Treasury note climbed by 7 basis points to 4.54%.

3.ETF Performance:

In the realm of growth ETFs,the iShares Expanded Tech Software Sector ETF increased by 1%.Meanwhile,the VanEck Vectors Semiconductor ETF appreciated by 1.4%,with NVIDIA and Broadcom as its primary holdings.

4.NVIDIA

NVIDIA's shares slightly increased by 0.4%,now priced at 139.40.Earlier in the day,it reached a high of 143.44,testing prior downward trend lines.The stock surged 6.9% the previous week and regained its position above the 50-day level,showing a potential bottom forming despite its less favorable shape.NVIDIA’s earnings will be disclosed on February 26.

5.What to Consider?

With the S&P 500 index recording new highs,bolstered by metrics like QQEW,the pathway ahead appears promising should the index decisively break through this range.Should the Nasdaq join in this upward momentum,a new bullish phase may be anticipated.

On Tuesday,investors found limited opportunities or justifiable reasons to enhance their positions.Adopting a patient approach while awaiting market trends is deemed wise.Preparedness for potential shifts remains key.