November 3, 2026

By Nigam Arora

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

Election Day Crosscurrents

Please click here for a chart of Nasdaq 100 ETF (QQQ).

Note the following:

• The chart shows QQQ dipped into zone 2 (support).
• The chart shows QQQ touched the 200 day moving average.  Prudent investors need to know that a large number of investors have blind faith in the magical power of the 200 day moving average.  Such investors sell on a breach of the 200 day moving average and buy on crossing above the 200 day moving average.  Such investors have not thought through using first principles.