October 9, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Headwinds For The AI Trade

Please click here for a chart of Nvidia stock (NVDA).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of NVDA stock is being used to illustrate the point.
• The chart shows the breakout in NVDA stock above zone 1 was not sustained.
• The chart shows NVDA stock has fallen back into zone 1 (resistance).
• RSI on the chart shows NVDA stock can go either way.
• NVDA stock fell deep into zone 1 yesterday for two reasons:
  • The $5B IPO of datacenter company Firmus in Australia collapsed.