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The WaveRider Morning Dose briefing for November 9, 2026 explains how the system labels the market regime ‘cautious’ based on breadth, with only 52.28% of stocks above their 40-day moving average. It covers the oil drop versus a 79.1% December Fed rate hike probability, the AI rotation from merchant to custom silicon, and the CRT...
Key points
The regime is cautious because only 52.28% of stocks trade above their 40-day moving average.
A 79.1% probability of a December Fed rate hike outweighs the 3.7% oil drop to $87.38.
SPY is barely holding its 200-day moving average while QQQ is below it.
AI money is rotating: Nvidia down 5.06%, Alphabet up 2.82%, Cloudflare up 9.91%, Microchip down 10.02%.
Action codes CRT (controlled risk-taking) and T3A (think three days ahead) apply, with October CPI and PPI data due later this week.
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See QQQ in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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See NVDA in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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See NET in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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