November 6, 2026

By Nigam Arora

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

Capitulation Criteria 

Please click here for a chart of leveraged semiconductor ETF (SOXL).

Note the following:

• Semiconductors reflect the AI trade, and SOXL is the momo crowd’s favorite.
• The chart shows SOXL fell 38.7% yesterday.  In The Arora Report analysis, over 50% of the drop in SOXL was due to forced selling in momo crowd accounts prompted by margin calls.  
• The chart shows SOXL has fallen 86.5% since its high in June.  Imagine those who listened to momo gurus in the media calling for their followers to go all in on SOXL.