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Next Day Prep #154: Tech Titans Stumble Before NVIDIA Earnings – Tuesday 11/18/2025

By WaveRider AI1 min read

Key takeaways

  • Traders should stay cautious and selective given the bearish market sentiment. Focus on relative strength plays, use tight stops, and be mindful of NVIDIA’s upcoming earnings report setting the tone for the week.

Next Day Prep: Tech Titans Stumble Before NVIDIA Earnings

A quick analysis of today’s market outlook and key trading opportunities to start your day.

Intro & Market Mood

Welcome to Next Day Prep – What We Are Watching Tomorrow. Today’s market saw a shift in sentiment as major indexes closed below their 50-day moving averages, signaling a potential trend change.

Overnight Headlines

  • Consumer Discretionary sector hit hard, with Home Depot leading the decline.
  • Tech sector under pressure due to downgrades on Amazon and Microsoft.

Economic Announcements

Weekly jobless claims data slightly nudged market expectations for a Fed rate cut, influencing bond yields.

Earnings Highlights

  • Healthcare sector stood out with Medtronic and Merck posting strong numbers.
  • Klarna’s first report after going public resulted in a stock drop due to widening losses.

Top Movers

Small and mid-cap stocks showed strength, bucking the broader market weakness, indicating rotation and selective buying opportunities.

Quick Trade Ideas

  • Regeneron (REGN): Potential breakout above $728 towards $735 with a stop at $719.
  • CACI International (CACI): Watch for a move above $600 for further momentum towards $606.
  • TARA Biosystems (TARA): Speculative play with a breakout over $6.85 signaling a move towards $7 and beyond.