Midday Market

Midday Wave #146: Why Stocks Are Selling Good News – Friday 11/6/2026

Episode 1464:45

0:004:45

Episode summary

WaveRider’s midday Friday, November 6th update says the market regime shifted from bearish to neutral as extreme-bear names collapsed from 1270 to 137 and breadth improved. The tech-led bounce comes on light scan volume, with several breakouts fading on good news. The hosts point to quiet accumulation in heavyweights and key levels to watch into...

Key points

  • Market regime moved from bearish to neutral; extreme bear 4% names fell from 1270 to 137 while bull 4% names rose to 188.
  • Good news is being sold: MU reversed 12.81% from the open despite a bullish TSMC headline, and EOG is down 2.45% despite EPS up 109.03%.
  • Scan volume is light and continuation movers lack volume confirmation, so caution is warranted.
  • Quiet accumulation appears in BRKB and LLY; action codes are CRT (keep size small) and T3A (think three days ahead).
  • Watch MU at $656.39 into the close; holding the bounce matters more than the size of the gain.

Ticker charts

QQQ

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open QQQ in WaveFinder.

Daily bars through Nov 5, 2026.

SPY

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open SPY in WaveFinder.

Daily bars through Nov 5, 2026.

DNA

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open DNA in WaveFinder.

Daily bars through Nov 5, 2026.

SMR

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open SMR in WaveFinder.

Daily bars through Nov 5, 2026.

MU

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open MU in WaveFinder.

Daily bars through Nov 5, 2026.

EOG

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open EOG in WaveFinder.

Daily bars through Nov 5, 2026.

COAG

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open COAG in WaveFinder.

Daily bars through Nov 5, 2026.

ARRY

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open ARRY in WaveFinder.

Daily bars through Nov 5, 2026.

LLY

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open LLY in WaveFinder.

Daily bars through Nov 5, 2026.

More from Midday Market