Nvidia Breaks Down! Is $175 the Next Stop?
Stock index futures are pointing higher across the board heading into Monday’s open, with the Russell 2000 leading gains and the NASDAQ lagging. However, weakness in major semiconductor stocks remains a concern. Nvidia is trading below Thursday’s low and has broken its 200-day moving average, with $175 representing the next important downside target, followed by $162.50. Intel has also broken its 200-day moving average, while AMD continues to show relative strength by holding above that level. The VIX is showing little activity, with no major trend changes expected.
The commodity sector presents a mixed picture. Gold is showing some positive signs, particularly among mining stocks, where professional investors appear to be taking control. Silver, platinum, palladium and uranium remain less encouraging. Crude oil continues to struggle, with professional investors giving up control and energy stocks weakening. Natural gas remains below its 200-day moving average, while energy bear ETFs are attempting to break above their September-October highs. Investors should watch key support and resistance levels as the week begins.
Stephen Whiteside
Monday, November 9, 2026
00:00 Market Overview: Futures Higher
00:44 Nvidia: Key Downside Targets
01:39 Nvidia and Intel Break 200-Day Moving Averages
02:15 AMD Shows Relative Strength
03:08 Semiconductor ETF (SMH) and VIX
03:48 Copper and Gold Market Outlook
04:41 Gold Stocks: Professional Investors Taking Control
05:09 Silver, Platinum, Palladium and Uranium
06:21 Crude Oil: Support Levels and Investor Activity
07:26 Gasoline and Natural Gas Outlook
08:09 Energy Stocks: TSX vs. New York
08:40 Energy Bear ETFs: Potential Breakouts
09:17 Final Market Outlook: What to Watch Monday
