July 22, 2025
Homebuilders Ignite Rally as S&P 500 Closes at Record; Tech Lags Ahead of Tesla Earnings
☀️ Market Summary
SPY: +0.01% | IWM: +0.83% | QQQ: -0.52%
S&P 500 closed at a new record high despite tech weakness dragging Nasdaq lower. Small caps led with housing stocks surging, while lower yields and gold strength supported risk-on sentiment.
🔑 Key Market Drivers
🏠 Homebuilders Surge
D.R. Horton (DHI): +16% after crushing Q3 earnings.
PulteGroup (PHM): +11% on Q2 beat; TMHC: +8%.
ITB ETF: +8%, reclaiming 200-day MA.
🚗 Tesla Pre-Earnings Bounce
TSLA: +1.4% ahead of Q2 results tomorrow (EPS expected -24% YoY).
🪙 Gold & Safe Havens
Gold +1% → AEM +5%, WPM +5%, Barrick +2%.
🏦 Earnings Highlights
Medpace (MEDP): +54% on huge Q2 beat & guidance raise.
GM: -6% despite beat due to tariff concerns.
Lockheed Martin (LMT): -6% after cutting FY25 outlook.
🏠 Housing Snapshot
Mortgage rates remain sticky:
30-yr Fixed: 6.75%
15-yr Fixed: 5.92%
📅 The Week Ahead
Wed: Tesla, Alphabet earnings; PMI data.
Thu: Microsoft, Meta, TMHC results.
Fri: Durable Goods Orders, Consumer Sentiment.
🌟 Market Breadth & Technicals
Momentum remains constructive with strong participation:
📈 Stocks on Radar
max score :8
1. Datadog, Inc. (DDOG)
Pattern: Strong uptrend, high tight flag consolidation.
Score: 7.
Commentary: Looks ready for new highs; watch for a decisive breakout.
2. Delta Air Lines, Inc. (DAL)
Pattern: Clear uptrend, tight upward-sloping channel.
Score: 8.
Commentary: Impressive strength, poised for continuation.
3. Levi Strauss & Co. (LEVI)
Pattern: Strong uptrend, tight consolidation (high tight flag).
Score: 8.
Commentary: High-conviction setup, looks ready for further gains.
4. Direxion Small Cap Bull 3X Shares (TNA)
Pattern: Strong uptrend, tighter consolidation (flag).
Score: 7.
Commentary: Leveraged play on small-cap strength; higher risk.
5. CleanSpark, Inc. (CLSK)
Pattern: Powerful uptrend, high-level tight consolidation (high tight flag).
Score: 8.
Commentary: High momentum, top-tier technical strength, due for a strong rally.
6. Boeing Company (BA)
Pattern: Strong uptrend, tight ascending channel.
Score: 7.
Commentary: Consistent strength, indicating controlled accumulation.
7. Uber Technologies, Inc. (UBER)
Pattern: Well-defined uptrend, tight flag pattern near highs.
Score: 7.
Commentary: Appears ready for its next leg up.
8. Lemonade, Inc. (LMND)
Pattern: Underlying uptrend but very volatile, wider channel.
Score: 7.
Commentary: High-risk, high-reward; suitable only for aggressive traders due to extreme volatility.
9. Constellation Energy Corporation (CEG)
Pattern: Strong, sustained uptrend, tight consolidation.
Score: 8.
Commentary: Textbook healthy uptrend, likely under quiet accumulation.
10. BILL Holdings, Inc. (BILL)
Pattern: Base building after decline, tight action within the base.
Score: 8.
Commentary: Potential turnaround story; watch for a breakout from the base.
🧠 Final Thoughts
The market is rotating into cyclical sectors (housing, gold) while tech cools ahead of big earnings (TSLA, GOOGL, MSFT). Lower yields (10Y @ 4.35%) and oil weakness ($66) provided tailwinds. Watch tomorrow’s earnings wave and sector leadership shifts for confirmation of this rotation.