Morning Dose #381: Surging Yields Shatter Market Breadth – Friday 11/13/2026

Key points

• The regime is cautious: 56.03% of stocks are above their 40-day moving average, and the short-term thrust gauge reads 113 bulls versus 502 bears.
• The 10-year yield at 5.15%, WTI near $88.50 and rising odds of a 50 basis point December hike are pressuring the market ahead of the PPI print.
• Scans found zero breakouts and two continuation setups: SNPS at $462.69 and ETN at $359.04.
• If PPI gaps the market down, watch SPY against the 20-day range low of $732.95, with the 200-day moving average at $731.93 as the next level.
• Keep position size small: the action codes are CRT (controlled risk-taking) and T3A (think three days ahead), with the Trump-Xi summit next week.