Podcast
Next Day Prep #153: Market Meltdown Tech Titans Tumble – Monday 11/17/2025
Key takeaways
- Adopt a selective approach focusing on momentum names like MCRB and SPOT while using tight stops in the prevailing weak market environment. Trade carefully, be disciplined, and anticipate further market volatility.
Next Day Prep: Market Meltdown Tech Titans Tumble
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Today marked a significant technical breakdown in the market as major indices closed below their 50-day moving averages for the first time since April. This shift has altered the character of the market, signaling a challenge to the buy-the-dip mentality.
Overnight Headlines
- NVIDIA (NVDA) experienced pressure as Peter Thiel’s fund liquidated its stake, impacting the semiconductor sector.
- Rumors of Apple (AAPL) CEO Tim Cook possibly stepping down added to weakness in tech.
- Communications Services outperformed with a standout performance from Alphabet (GOOGL).
Economic Announcements
- American Express (AXP) reported increased loan write-offs, signaling a potential concern in consumer health.
- The Volatility Index (VIX) surged over 14%, reflecting a risk-off sentiment among traders.
Earnings Highlights
- XPeng (XPEV) faced a sharp decline despite strong delivery numbers due to weak guidance and margin pressures.
Top Movers
Look for relative strength in Communication Services and select tech names like MCRB, SPOT, OSIS, and MDGL amidst the market turmoil.
Quick Trade Ideas
- MCRB: Watch for a breakout above $21.82 with potential for a swift move to $22.50.
- SPOT: Monitor for a break above $641 targeting $645–$650 in the strong Communication Services sector.
- OSIS and MDGL present potential opportunities for upside moves.