Stock Market Today With IBD Nasdaq Soars But Is It Enough? Apple, Celestica, Globus Medical In Focus
Nov 24, 2025
The analysis kicks off with a discussion about the recent rebound in the Nasdaq and key stocks driving market gains. Important moving averages are highlighted, stressing resistance levels after a significant down day. The hosts also delve into tech stocks' recovery, particularly focusing on Apple, which stands out among mega-caps. Celestica's impressive 15% rebound and Globus Medical's breakout are analyzed, showcasing strong potential in medical stocks. They wrap up with insights on market volatility and the impact of rates.
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Market Needs Proof Above Thursday High
- Markets are hovering at key technical levels and need to clear Thursday's high to signal meaningful recovery.
- Justin Nielsen remains light and wants more evidence before taking bigger positions.
Don't Chase Upside Reversals
- Avoid buying into upside reversals without clear trend confirmation because they often roll over.
- Wait for decisive action above resistance before increasing exposure.
Tech Gains Mask Deeper Damage
- Tech led the rally but many high-flyers remain deeply damaged from earlier declines.
- A 10% bounce doesn't erase prior 30–50% drawdowns for several AI and growth names.