{"id":64785,"date":"2025-07-24T02:00:33","date_gmt":"2025-07-24T07:00:33","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=64785"},"modified":"2025-07-24T14:32:16","modified_gmt":"2025-07-24T19:32:16","slug":"market-trends-july-24","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2025\/07\/24\/market-trends-july-24\/","title":{"rendered":"Volatility Fades as AI Boom Widens"},"content":{"rendered":"<p>Downloads are available\u00a0<a href=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/MT-Public-Materials-May-2025A.zip\">here<\/a>. TradeStation\u2019s ideas on TradingView are\u00a0<a href=\"https:\/\/www.tradingview.com\/broker\/TradeStation\/ideas\/\">available here<\/a>.<\/p>\n<p>Check out our next \u201c<a href=\"https:\/\/streamyard.com\/watch\/v8pxxwM5Hg9W\" target=\"_blank\" rel=\"noreferrer noopener\">State of the Market<\/a>,\u201d on Monday, 7\/28.<\/p>\n<h2 class=\"wp-block-heading\">Sizing Up the Market<\/h2>\n<ul>\n<li>S&amp;P 500 makes new high above 6,350<\/li>\n<li>RSI &#8220;cooking&#8221; in overbought territory<\/li>\n<li>Prices hold rising 8-day EMA<\/li>\n<li>9-day ROC remains steadily positive<\/li>\n<li>Breadth:\n<ul>\n<li>Most new 52-week highs since March 4<\/li>\n<li>A\/D line new high<\/li>\n<\/ul>\n<\/li>\n<li>Intermarket:\n<ul>\n<li>VIX makes new 5-month low under 15.5.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div id=\"attachment_64793\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-64793\" class=\"size-large wp-image-64793\" src=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPY_20250723-1024x490.jpg\" alt=\"\" width=\"1024\" height=\"490\" srcset=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPY_20250723-1024x490.jpg 1024w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPY_20250723-300x143.jpg 300w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPY_20250723-768x367.jpg 768w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPY_20250723-1536x734.jpg 1536w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPY_20250723-1080x516.jpg 1080w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPY_20250723.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><p id=\"caption-attachment-64793\" class=\"wp-caption-text\"><em>SPDR S&amp;P 500 ETF (SPY)<span style=\"font-size: 16px;\">, daily chart, with select patterns and indictors.<\/span><\/em><\/p><\/div>\n<h2>AI Boom Widens<\/h2>\n<ul>\n<li>BKR goes beyond oil as datacenters power natgas demand<\/li>\n<li>GEV hits new record as datacenters boost electricity demand<\/li>\n<li>PJM (grid operator) shows electricity prices +22% y\/y amid AI demand<\/li>\n<li>TEL: AI boosts cable\/connector demand<\/li>\n<li>NEE beats on data center demand<\/li>\n<li>PEGA hits 3-year high as AI drives earnings, revenue beat<\/li>\n<li>GOOGL increases AI capex plans $75bln \u2192 $85bln<\/li>\n<\/ul>\n<h2>Patterns and Trends<\/h2>\n<ul>\n<li>Value stocks move ahead of growth as breadth widens\n<ul>\n<li>Airlines, homebuilders, retailers outperform in last week<\/li>\n<li>Health care bounces<\/li>\n<\/ul>\n<\/li>\n<li>Equal-weighted index outperforming market cap-weighted in the last week<\/li>\n<li>China&#8217;s Hang Seng at highest level since November 2021<\/li>\n<li>Utilities hold breakout above November high<\/li>\n<li>EAFE Global index hits new all-time high above 2007 peak<\/li>\n<li>W potential short squeeze<\/li>\n<li>GS consolidates above 21-day EMA<\/li>\n<li>MU holds January high<\/li>\n<\/ul>\n<h2>News &amp; Views<\/h2>\n<ul>\n<li>Meme-stock activity appears in DNUT, KSS, GPRO, BYND, OPEN<\/li>\n<li>DHI, PHM: Results, buybacks lift homebuilders<\/li>\n<li>LII shows ongoing HVAC trend<\/li>\n<li>TXN falls on automotive market\n<ul>\n<li><em>Is all the bad news priced in?<\/em><\/li>\n<\/ul>\n<\/li>\n<li>HLT sees improving demand into Q4\n<ul>\n<li><em>Flashback: DAL had similar news on 7\/10<\/em><\/li>\n<\/ul>\n<\/li>\n<li>CX rises: BofA sees lower cost of capital\n<ul>\n<li><em>Is it time to seek value in stocks with EV above market cap?<\/em><\/li>\n<li>See MT Main \u2192 fundamentals \u2192 EV\/MktCap<\/li>\n<\/ul>\n<\/li>\n<li>Ryan Detrick of Carson: S&amp;P 500&#8217;s 60-day run above 20-day MA is consistent with returns of 20-26% in the following years\n<ul>\n<li><em>Similar to tight ranges <a href=\"https:\/\/www.tradestation.com\/insights\/2025\/07\/17\/market-trends-july-17\/\">cited last week<\/a><\/em><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>Upcoming Events<\/h2>\n<p><em>Note: More than 1\/3 of the S&amp;P 500 reports earnings next week.<\/em><\/p>\n<ul>\n<li>Earnings after the close: INTC DECK<\/li>\n<li>Fri 7\/25: Durable goods orders\n<ul>\n<li>Earnings: CNC HCA<\/li>\n<\/ul>\n<\/li>\n<li>Mon 7\/28:<\/li>\n<li>Tue 7\/29: Consumer confidence, JOLTs\n<ul>\n<li>Premarket: BA MTK PYPL UNH UPS PG<\/li>\n<li>Postmarket: STX V SBUX<\/li>\n<\/ul>\n<\/li>\n<li>Wed 7\/30: ADP payrolls, *<em><strong>GDP*<\/strong><\/em>, crude-oil inventories *<em><strong>Fed Meeting*<\/strong><\/em>\n<ul>\n<li>Premarket: HUM ETSY TEVA<\/li>\n<li>Postmarket: *<em><strong>META* *MSFT*<\/strong><\/em> F LRCX WDC HOOD QCOM<\/li>\n<\/ul>\n<\/li>\n<li>Thu 7\/31: Jobless claims, *<strong><em>PCE inflation*<\/em><\/strong>, personal income\/spending\n<ul>\n<li>Earnings: CMCSA ABBV MA RBLX<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div class=\"et_pb_section et_pb_section_4_tb_body article-content et_section_regular\">\n<div class=\"et_pb_row et_pb_row_4_tb_body\">\n<div class=\"et_pb_column et_pb_column_4_4 et_pb_column_9_tb_body et_pb_css_mix_blend_mode_passthrough et-last-child\">\n<div class=\"et_pb_module et_pb_post_content et_pb_post_content_0_tb_body\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<table border=\"1\">\n<caption><strong>Standardized Performances for ETFs mentioned above<\/strong><\/caption>\n<tbody>\n<tr>\n<td><strong>ETF<\/strong><\/td>\n<td><strong>1 Year<\/strong><\/td>\n<td><strong>5 Years<\/strong><\/td>\n<td><strong>10 Years<\/strong><\/td>\n<\/tr>\n<tr>\n<td>SPDR S&amp;P 500 (SPY)<\/td>\n<td>+13.53%<\/td>\n<td>+100.37%<\/td>\n<td>+200.15%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><em>As of June 30, 2025. Based on TradeStation data<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>Exchange Traded Funds (\u201cETFs\u201d) are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses.\u00a0<a href=\"https:\/\/www.tradestation.com\/insights\/etf-disclosures\/\">Click here<\/a>\u00a0to find the prospectus.<\/em><\/p>\n<p><em>Performance data shown reflects past performance and is no guarantee of future performance. The information provided is not meant to predict or project the performance of a specific investment or investment strategy and current performance may be lower or higher than the performance data shown. Accordingly, this information should not be relied upon when making an investment decision.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Improved breadth and new 52-week highs may confirm the new highs.<\/p>\n","protected":false},"author":39,"featured_media":63321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[1276,13],"tags":[],"class_list":["post-64785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-trends","category-stocks","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Volatility Fades as AI Boom Widens | Market Insights<\/title>\n<meta name=\"robots\" content=\"index, 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