The Morning Dose

Morning Dose #378: Nvidia FBI Probe and CPI Catalyst – Tuesday 11/10/2026

Episode 378Nov 10, 20264:50

Seek

0:004:50

Episode summary

A morning market briefing describing a cautious regime: breadth is improving beneath mixed futures, while a hawkish Fed (Waller), a rising 2-year yield and an FBI headline on Nvidia add risk. The hosts focus on the 8:30 ET October CPI, scanner signals, and a playbook for gap-down and gap-up scenarios.

Key points

60.27% of stocks are above their 40-day SMA, up 8.1 points from 52.21%, and the 4% gauge showed 748 bulls versus 126 bears, signaling quiet accumulation.
Waller pushed for a December rate hike and the 2-year yield rose 6 bps to 4.62%, making the 8:30 ET October CPI (expected 0.3%) the key catalyst.
The continuation scan is thin with two signals (CMG, TRU), while the reversal scan leads with five, concentrated in energy such as HAL and SLB; confirmation is needed before acting.
Action codes are CRT and T3A: use defined stops. A hot CPI could pressure tech, a cool core CPI could extend the rebound.
Event risk is heavy, including a $42 billion 10-year auction at 1 ET and earnings after the close, so don't chase and keep stops tight.