November 10, 2026

HUGE SEMICONDUCTOR RALLY DESPITE NVIDIA SCANDAL SHOWS THE EDGE FROM SENTIMENT AND POSITIONING; HOTTER CPI

By Nigam Arora

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

A Powerful Edge

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 that support at the upper band of zone 4 (support) has held so far.  This is a positive.
  • The chart shows that yesterday SOXL staged a major rally of 22.25%.  This is a positive.
  • The chart shows that the volume was heavy but nowhere near the very heavy volume during the decline.  The interpretation of this is positive.
… Please click here or the title below to read more.
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