Next Day Prep

Next Day Prep #360: AI Rally Faces Bond Market Reopening – Wednesday 11/11/2026

Episode 3604:33

0:004:33

Episode summary

A WaveRider end-of-day debrief for Wednesday, November 11th, 2026. It reviews an AI CapEx relief rally that took place while the bond market was closed for Veterans Day, with breadth improving but SPY and QQQ still below their 20-day moving averages. It then lays out a cautious game plan for tomorrow around NBIS earnings and...

Key points

  • The morning regime was cautious and held by the close. Breadth improved by 1.4 points, with 60.0% of stocks above their 40-day moving averages and bulls outnumbering bears 341 to 117.
  • CRWV jumped 24.7% on a $132.5 billion backlog and 2.1x relative volume. The other breakout, which closed on only 0.63 relative volume, showed that low-volume holiday signals need confirmation.
  • Tomorrow's key events are NBIS earnings pre-market and a $25 billion 30-year auction, with the 10-year yield near 4.98%.
  • Watch list: don't chase CRWV (look for an opening range hold above $60), and wait for pullbacks in the other setups.
  • Action codes are CRT (controlled risk-taking) and T3A (think three days ahead). Only buy constructive pullbacks and don't chase gaps.

Ticker charts

CRWV

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 CRWV in WaveFinder.

Daily bars through Nov 11, 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 11, 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 11, 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 11, 2026.

NBIS

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 NBIS in WaveFinder.

Daily bars through Nov 11, 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 11, 2026.

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