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Midday update for Friday, November 13th, 2026, on a tech-led selloff. QQQ has slipped below its 200-day moving average, but market breadth is stabilizing and the bear count has roughly halved since yesterday. The hosts frame it as a sector rotation and give an afternoon plan with two action codes.
Key points
QQQ fell below its 200-day moving average at 682.23, which can trigger algorithmic selling in tech.
Panic has eased: the bear count fell from 502 yesterday, and 40-day breadth ticked up to 56.37%.
SOXS is up 13.7% at $51.98 on 1.0 relative volume, which the hosts read as institutional selling in semis.
CADL is down 21.6% on 3.4 relative volume, which the hosts call a failed setup and warn against averaging down into.
The afternoon bias is cautiously bearish, with action codes CRT (small position sizes) and a defensive tilt toward sector winners.
See SPY in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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.
See QQQ in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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.
See SOXS in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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 SOXS in WaveFinder.
See CADL in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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 CADL in WaveFinder.
See ADIG in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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 ADIG in WaveFinder.