Hello everyone, welcome back to the U.S. Stock Analysis channel, I'm lorder.

We maintain a wait-and-see stance on the overall market, awaiting confirmation of direction. For certain individual stocks, such as LRCX, we hold a bearish view; while for LLY and PLTR, they present long-term investment value upon a pullback to specific price levels. Overall, July's market appeared calm on the surface but experienced intense internal volatility. The current major indices, represented by the Nasdaq and the S&P 500, are at a critical inflection point. The direction will depend on whether next week's tech earnings can propel the S&P 500 to a breakout.

The market rhythm is gradually shifting from a state of high dispersion between individual stocks and indices back to a more normal state where the S&P 500 index is a more reliable gauge. This is a key observation point for judging the overall market trend. From a technical perspective, the Nasdaq 100 index has retreated after encountering resistance at the $693-$695 pressure level, indicating significant selling pressure at that zone, which is a reasonable technical behavior. Its clear resistance zone lies between $693 and $724.

The S&P 500 index, after trading sideways for a month, faces a directional choice. Its key resistance is at $756, which is the previous high; its key support is at $727, which is the breakdown point. If next week's tech earnings are strong, driving upward revisions to EPS expectations and successfully breaking above $756, it could initiate a new wave of gains and lift the Nasdaq. Conversely, a break below $727 would likely start a correction.

In terms of sectors, the memory sector has seen sharp volatility recently, indicating uncertainty in the fundamentals of this sub-sector.

Now let's look at a few key individual stocks on our radar.

First is LRCX, currently priced around $293. We believe its current price is potentially overvalued, with neither fundamentals nor the current narrative supporting chasing it higher. A reasonable entry point would require waiting for a pullback to support below the 200-day moving average.

Next is LLY, with an options settlement reference price around $1,150. An aggressive buy point would be around $1,000; long-term buy points are at $900, $800, and $700. The previous high resistance is around $1,200. A cost basis below $900 is relatively safe. Next week's earnings are crucial to see if it can hold the $1,000 level. If it fails, it will likely seek out those long-term buy points lower. If performance continues to be strong, it could challenge the previous high.

For PLTR, the options settlement reference price is around $120. Its moderate support lies in the $100-$118 range; strong support, or a good price, is below $97. The overhead resistance zone is between $134 and $145. At the current $120 level, earnings have little room for error; a significant upward revision to forward guidance is necessary to sustain it. If growth appears weak, the price could slide below $97, which would then be a fundamentally sound buy point.

Regarding AMD, while its growth is fast, the current price is considered high. Its earnings next week cannot afford any missteps, or it could damage market confidence.

The market currently faces several key risk points. First is broad market systemic risk: If the S&P 500 fails to break above $756 on positive earnings news and instead breaks below the $727 support, it could lead the overall market into a correction.

Second is individual stock earnings risk: If earnings or forward guidance from companies like AMD and PLTR next week disappoint, it could lead to significant stock price declines, affecting related sectors and overall market sentiment.

Third is valuation risk: Stocks like LRCX are currently viewed as overvalued, posing a risk of valuation correction.

Finally, there's macro data risk: Despite positive data like consumer confidence, inflation expectations remain elevated. Future changes in macroeconomic data could impact the market.

July has finally come to an end, and a brand new August is about to begin. We hope the market can gradually return to a more comprehensible rhythm. That's all for today's content. Have a great weekend, and we'll see you next week.