The Morning Dose

Morning Dose #377: AI Money Shifts to Custom Silicon – Monday 11/9/2026

Episode 3776:38

0:006:38

Episode summary

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.

Ticker charts

SPY

Open in app
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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.

Daily bars through Nov 6, 2026.

QQQ

Open in app
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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.

Daily bars through Nov 6, 2026.

NVDA

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 NVDA in WaveFinder.

Daily bars through Nov 6, 2026.

NET

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 NET in WaveFinder.

Daily bars through Nov 6, 2026.

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