Jin Shi Shu Ju·2025-11-14 14:13Group 1 - The major U.S. stock indices futures are all down, with the Nasdaq Composite Index experiencing a significant drop of 2.3%, marking its worst performance in over a month, indicating a potential continued decline in tech stocks [1] - Concerns over high valuations and the possibility that the Federal Reserve's interest rate cuts may be slower than expected are causing unease among some investors [1] - Citigroup analysts highlight a long-term positive trend for large tech stocks, with only Meta's stock currently below its 200-day moving average among the "Magnificent Seven" tech giants [1] Group 2 - Mark Newton, the technical strategist at Fundstrat, expresses caution, noting a decline in the proportion of stocks within the Russell 3000 index that are near their 12-month highs, which could signal deteriorating market health [4] - Currently, about 50% of stocks are within 20% of their 12-month highs, and Newton emphasizes the need for this level to recover by year-end to avoid pressure on the stock market [4] - Newton suggests that signs of internal weakness in the market are emerging, which could lead to a market adjustment [6] Group 3 - Nvidia is identified as a potential key player that could help reverse the market's current trend, with its upcoming earnings report on November 19 being a critical catalyst for market strength [6] - The stock closed at $186.86, and unless it falls below the recent low of $178.91, a bearish outlook is not warranted in the short term [6] - Newton believes that maintaining key levels for the S&P 500 and Invesco QQQ ETF is crucial for market stability, with specific points at 6631 and 599 respectively [6]