Next Day Prep

Next Day Prep #357: Capital Rotates From Tech To Consumer Stocks – Wednesday 11/4/2026

Episode 3575:05

0:005:05

Episode summary

A Nov 4, 2026 market review and next-day plan. Breadth improved sharply and the regime stayed cautious as capital rotated from tech and AI infrastructure into consumer names on lower yields and falling oil. The hosts review signals and lay out SPY levels and a watchlist for tomorrow.

Key points

  • Regime held at cautious: 58.01% of stocks above their 40-day average, with 730 bulls vs 435 bears.
  • SPY (766.65) and QQQ failed to reclaim their 20- and 50-day averages despite strong breadth.
  • Rotation from AI infrastructure into consumer was driven by a 10-year yield of 4.89% and crude at $88.23.
  • Tomorrow: SPY needs to close above 767.57 to target 779.42; a rejection risks a slide to 750.36. Action code is CRT.
  • Risk: if energy prices rebound, the consumer relief thesis could reverse quickly.

Ticker charts

AMD

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 AMD in WaveFinder.

Daily bars through Nov 4, 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 4, 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 4, 2026.

CVNA

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 CVNA in WaveFinder.

Daily bars through Nov 4, 2026.

GEV

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 GEV in WaveFinder.

Daily bars through Nov 4, 2026.

UBER

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 UBER in WaveFinder.

Daily bars through Nov 4, 2026.

THC

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 THC in WaveFinder.

Daily bars through Nov 4, 2026.

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