Midday Market

Midday Wave #147: Bullish Breadth Thrust on Light Volume – Monday 11/9/2026

Episode 1475:04

0:005:04

Episode summary

WaveRider’s midday update for Monday, November 9, 2026 describes a broad relief rally that flipped the market to a bullish regime on a decisive breadth thrust. Small caps lead, ARGX is the cleanest episodic catalyst, and the hosts flag light volume and divergence near 52-week lows as reasons for caution into the close.

Key points

  • Breadth thrust: 61.07% of stocks are above their 40-day SMA (up 8.8 points) and 99% are above their 20-day SMA.
  • SPY must hold its 200-day SMA floor at $730.70, and QQQ needs to push through its 200-day SMA at $681.16.
  • ARGX is the cleanest episodic catalyst after acquisition news, up 3.49% from the open at $927.21 on 1.6 relative volume.
  • Bounces in LYME and ADRX are near 52-week lows, which does not confirm sustained institutional momentum.
  • Action codes: T3A (plan three days ahead for follow-through) and CRT (controlled risk-taking, keep starter positions small); respect the light volume.

Ticker charts

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 9, 2026.

IWM

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 IWM in WaveFinder.

Daily bars through Nov 9, 2026.

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 9, 2026.

ARGX

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 ARGX in WaveFinder.

Daily bars through Nov 9, 2026.

ETN

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 ETN in WaveFinder.

Daily bars through Nov 9, 2026.

NXPI

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 NXPI in WaveFinder.

Daily bars through Nov 9, 2026.

ADRX

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 ADRX in WaveFinder.

Daily bars through Nov 9, 2026.

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