Second-quarter earnings season has brought to light different signals about where each market sector is heading. The retail sector (XRT) and tech sector (XLK) being among the spaces that saw a mixed bag of results from its top players.

MarketGauge.com chief strategist Michele Schneider joins Market Domination to give insight into what investors need to know about the current market environment following earnings, underlining how best to trade on technicals from each of these industries.

Schneider explains the consumer play as retailers deliver winning or lagging quarterly results amid price-conscious shoppers, while the retail sector is "very close to a major breakout."

Turning to tech, Schneider details hidden opportunities to watch and how investors should be "treading water." She names Eli Lilly (LLY) as one other stock that is "treading water" but in a different manner than tech. Eli Lilly could potentially see $150 to $200 more in this stock coming up, Schneider says.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Ivana Freitas.