Nasdaq 100: Tech Stocks Need Base Formation to Sustain Rally, Not V-Recovery

Group 1 - Investors are shifting focus from speculative investments to seeking tangible profits, indicating a more cautious approach in the market [1][2] - The technology sector has shown signs of leveling off due to concerns about profitability and potential business disruptions caused by AI, which has contributed to the market's inability to reach record highs [2] - The recent rally in the Nasdaq highlights investor preference for value stocks, particularly in the context of previously overpriced stocks hindering market performance [3] Group 2 - The 200-day moving average is seen as a critical support level, with a current value of 24379.78, which needs to hold for a potential recovery [4] - Establishing a solid support base is essential for the index to have a better chance of reaching new record highs, as attempts to recover from lower lows have been challenging [5]