Midday Market

Midday Wave #148: How Algorithmic Trading Strips Out Emotion – Wednesday 11/11/2026

Episode 1486:10

0:006:10

Episode summary

A breakdown of the WaveRider Midday Wave template from November 11, 2026, which forces a strict three-step plan: regime update, signal status, afternoon adjustment. The day’s data conflicted: breadth surged and the regime turned bullish, but relative volume was muted. The system therefore called for controlled risk taking and flagged traps like FOSL and Lime.

Key points

  • The show bans hype, filler and personal price targets to limit cognitive load during market hours.
  • Breadth thrust: stocks up 4%+ rose from 150 to 283, while stocks down 4%+ fell from 309 to 88.
  • QQQ at $693.96 stayed below its 20-day ($699.11) and 50-day ($719.12) averages, and relative volume was muted, so the bounce looked hollow.
  • The action codes were plastics (tech and semiconductor winners after CoreWeave raised guidance) and CRT (controlled risk taking).
  • FOSL, up 26.4%, carried a 128.0% risk figure, and Lime, near its 52-week low, was flagged as a divergence to avoid.

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 11, 2026.

TSM

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 TSM in WaveFinder.

Daily bars through Nov 11, 2026.

FOSL

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 FOSL in WaveFinder.

Daily bars through Nov 11, 2026.

LIME

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 LIME in WaveFinder.

Daily bars through Nov 11, 2026.

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