WEEKLY STOCK MARKET DIGEST: WHAT PRUDENT INVESTORS NEED TO KNOW NOW

November 14, 2026

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report.

Please scroll down for the section ‘Protection Bands and What To Do Now.’

AMD BENEFITS FROM NVIDIA TROUBLES, MOMO BUYS NVIDIA BUT SMART MONEY SELLS; COOLER PPI; BITCOIN BELOW $70K

Nov 13, 2026

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

AMD To Benefit

Please click here for a chart of Advanced Micro Devices stock (AMD).

Note the following:

The Morning Capsule is about the big picture, not an individual stock. The chart of AMD stock is being used to illustrate the point.
The chart shows AMD has rallied from a low of $402.10 to $570.80 as of this writing in the premarket, reaching the low band of zone 1 (resistance).
The chart shows when Arora buy signals were given for the trade around position on AMD. A trade around position is a technique used by hedge funds to dramatically increase profits while reducing risks.
The chart shows the Arora signal this morning to take profits and exit the AMD trade around position. The reason is AMD reaching the low band of the resistance zone.
The chart shows Arora buy zones for the AMD core position. AMD is in ZYX Buy in the portfolio that surrounds the Core Model Portfolio. AMD is long from an average of $205.52, representing a gain of 178%.
Nvidia’s troubles are creating an opportunity for AMD. Large AI customers have relied heavily on Nvidia, but uncertainty surrounding its leadership may prompt them to look more seriously at AMD.
- AMD is better positioned than it was a year ago. Meta (META) has installed AMD Helios systems, and AMD says OpenAI, Anthropic, Microsoft (MSFT), and Oracle (ORCL) are running workloads on Helios.
- AMD’s data center revenue jumped 97% year-over-year in the latest quarter.
- AMD is becoming more competitive on performance. In tests announced November 12, AMD reported up to 30% higher inference throughput per GPU than Nvidia’s Vera Rubin on a specific DeepSeek-R1 benchmark.
- CUDA remains a major Nvidia advantage. AMD is improving its ROCm software and working with Anthropic to use Claude to accelerate software development and optimize workloads for AMD GPUs.
- Previously, moving away from CUDA required extensive manual work by skilled engineers. AI coding tools can now handle much of the code conversion and help identify compatibility issues. Testing and optimization are still necessary, but migration is becoming easier and less expensive. This could gradually weaken Nvidia’s software advantage.
- Even customers that remain loyal to Nvidia may buy more AMD chips to reduce dependence on one supplier and negotiate better prices.
The tentative plan is to start a new AMD trade around position either on a substantial pullback or a decisive breakout above zone 1 shown on the chart. Note, trade around positions are separate and distinct from core positions.
The plan is to continue to hold the core AMD position.
The momo crowd bought NVDA stock extremely aggressively yesterday. Aggressive NVDA buying continued after hours yesterday and is continuing in the premarket today.
Prudent investors should note that while momo crowd money flows are positive in NVDA, smart money flows are negative.
The momo crowd is buying NVDA stock because the long bull market has conditioned them to buy every dip. As usual, the momo crowd is not doing deep 360 degree analysis of Nvidia’s future but is latching onto a simple narrative of low forward PE. The point the momo crowd is missing is that the forward earnings estimates are at risk without the visionary leadership of Jensen Huang and are also at risk due to the potential restrictions on exports to China and increasing competition. As an example of competition, Cerebras (CBRS) announced a deal with Microsoft yesterday. Cerebras already has deals with Amazon (AMZN) and Oracle.
Of special note is a report that Nvidia is already planning to slow down deals it has been making to finance the AI industry. A slow down in financing from Nvidia has major negative implications for the AI trade.
Smart money continues to sell NVDA stock into the strength. For the reasons, please see yesterday’s Morning Capsule.
Applied Materials (AMAT), one of the largest manufacturers of semiconductor equipment, announced earnings better than consensus and whisper numbers. Yet, AMAT stock is being sold on concerns that down the road, Huang leaving Nvidia may result in lower demand for semiconductors than previously anticipated.
Prudent investors should note AMAT is a leading indicator of future semiconductor demand. AMAT is in the ZYX Buy Core Model Portfolio, long from an average of $16. It is trading at $378.88 as of this writing in the premarket, representing a 2268% gain.
Producer Price Index (PPI) came cooler than expected. Cooler PPI has trigger buying in stocks, bonds, gold, silver, and bitcoin. However, prudent investors should note that on a year-over-year basis, Core PPI is up 4.9%. The Fed’s target is 2% inflation based on PCE. Here are the details:
- Headline PPI came at 0.3% vs. 0.4% consensus.
- Core PPI came at 0.3% vs. 0.3% consensus.
In The Arora Report analysis, in spite of cooler PPI data, the probability of the Fed raising interest rates in December is 80%.
As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report.

Magnificent Seven Money Flows

Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above.

In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL).

In the early trade, money flows are negative in Microsoft (MSFT).

In the early trade, money flows are positive in S&P 500 ETF (SPY) and neutral Nasdaq 100 ETF (QQQ).

Momo Crowd And Smart Money In Stocks

The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade. Smart money is *** in the early trade.

Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated.

Very Very Short-Term Indicator

The Arora Report’s proprietary very, very short-term early stock market indicator is ***. This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades.

Gold

Gold continues to trade below $3900 but is seeing buying after PPI release.

The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade.

For longer-term, please see gold and silver ratings.

Oil

The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade.

For longer-term, please see oil ratings.

Bitcoin

Bitcoin (BTC.USD) is seeing selling and is now under $70K.

Markets

Interest rates are ticking up, and bonds are ticking down.

The dollar is range bound.

Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens.

S&P 500 futures are trading at 7647 as of this writing. S&P 500 futures resistance levels are 7733, 7795, and 7831 : support levels are 7626, 7541, and 7318.

DJIA futures are up 192 points.

Gold futures are at $3885, silver futures are at $49.60, and oil futures are at $89.15.

Arora Protection Band And What To Do Now

It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.

Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time.

You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.

A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.

It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash. When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market.

Traditional 60/40 Portfolio

Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.

Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.

NVIDIA CRISIS – VISIONARY HUANG’S RESIGNATION PUTS AMERICA’S AI ADVANTAGE AT RISK; GOLD FALLS BELOW $4000

Nov 12, 2026

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

America’s AI Advantage At Risk

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

Note the following:

At this time, it is critical for investors to remember The Arora Report principle: Give precedence to return of capital over return on capital.
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 is a weekly chart, instead of a daily chart, to give you a longer term perspective.
The chart shows NVDA stock has decisively fallen below zone 2 (prior support, now resistance).
Jensen Huang has resigned as CEO of Nvidia. The CFO has been named interim CEO as of this writing.
- Yesterday morning, hardly anyone was talking about the possibility of Huang’s removal. In yesterday’s Morning Capsule, we wrote in the premarket:

If Huang is forced to leave Nvidia, NVDA stock could easily fall 25%.

- By last night, Huang’s potential removal was dominating market headlines. Members of The Arora Report were ahead of the curve as with the warning in yesterday’s Morning Capsule before the potential removal became a major market story.
The chart shows Arora zone 3 (support). There is a high probability of NVDA stock falling into zone 3.
To keep members of The Arora Report ahead of the curve, as a heads up, there is a high probability that The Arora Report algorithms will give a buy signal on Nvidia if NVDA stock falls in zone 3. Yesterday morning in the premarket, when the potential ouster of Huang was not the news, we laid out the plan in advance for you. We wrote:

If NVDA stock falls 25%, The Arora Report will likely give a buy signal.

In The Arora Report analysis, the impact of Huang’s resignation will be much bigger than the impact on NVDA stock. The U.S.’s lead over China in artificial intelligence may also be at stake.
- Huang was not an ordinary CEO. He is a visionary who has built Nvidia into the most important company powering the AI revolution. Huang saw the potential of GPUs for AI long before most of the technology industry.
- Under Huang, Nvidia built an ecosystem of chips, software, networking, and developers that competitors are still struggling to match.
- Huang repeatedly anticipated where technology is headed and positioned Nvidia years ahead of the competition.
It is true that no one is indispensable. In The Arora Report analysis, Huang is unique in that he combines four extraordinary qualities:
- A great semiconductor engineer
- A great software engineer
- A visionary at every step of the way
- A great deal maker
In The Arora Report analysis, it will be extraordinarily difficult to find another CEO with all four qualities.
In The Arora Report analysis, what most investors are missing is that Huang had become one of the most important bankers of the AI industry. Nvidia was not simply selling chips under Huang. Nvidia was also helping finance the companies that buy its chips.
- Nvidia has invested billions of dollars across the AI ecosystem. Without Nvidia’s backing, many AI startups would have had a much harder time getting financing.
- Nvidia has helped make the neocloud industry possible. Without Nvidia, several neoclouds would likely be much smaller today. Neoclouds such as CoreWeave (CRWV) and Nebius (NBIS) have benefited enormously from Nvidia’s investments, technology, and relationships. Nvidia invested $2B each in CoreWeave and Nebius in 2026.
- Nvidia has also invested $2B each in Marvell (MRVL), Coherent (COHR), and Lumentum (LITE). These investments are helping develop the technologies and manufacturing capacity needed for the next generation of AI infrastructure.
- Huang brought Wall Street into the AI buildout. Nvidia announced partnerships with Apollo (APO), BlackRock (BLK), Blackstone (BX), Brookfield (BN), Goldman Sachs (GS), and KKR (KKR) aimed at mobilizing over $500B in third party capital over time.
- Nvidia’s backing helped companies attract other investors and lenders. Nvidia’s involvement gave credibility to projects that might otherwise struggle to obtain financing.
Nvidia’s support of the AI industry has created two risks:
- Some of this financing is circular.
- Problems at Nvidia could spread to other companies that depend on its financial backing.
In The Arora Report analysis, China could be a major beneficiary from Huang’s resignation. China is investing heavily in developing its own AI chips, software, and infrastructure. China does not need to catch up overnight. It only needs Nvidia to stumble and give Chinese companies more time. The disruption in Nvidia’s leadership could slow innovation and execution at a critical time. Nvidia is central to the U.S.’s AI lead. Huang’s departure from Nvidia could weaken that advantage.
Here is the key question for investors: Will Nvidia be able to maintain its lead for years to come without Huang?
In The Arora Report analysis, here is what the Nvidia situation means for investors:
- Wall Street’s immediate focus is on NVDA stock, but prudent investors need to look at the broader implications.
- Huang’s resignation could cause investors to reassess Nvidia’s premium valuation.
- AMD (AMD), Broadcom (AVGO), and Marvell could benefit if customers accelerate efforts to reduce their dependence on Nvidia.
- Companies that depend on Nvidia’s financing and strategic support could come under pressure.
- The pace of the entire AI revolution could slow.
The Arora Report is paying close attention to the sequence of events, market positioning, money flows, and the potential impact on the entire AI trade.
In The Arora Report analysis, the initial market reaction has been driven by fear and uncertainty. However, longer term opportunities will depend on Nvidia’s leadership, execution, and whether its competitive position changes. Investors should not confuse a sharp move in stock prices with a permanent change in the fundamentals.
Finally, investors should ask this question: How is the loss of the most visionary semiconductor leader good for the U.S.?
Applied Materials (AMAT) is one of the major semiconductor equipment manufacturers in the world. For this reason, Applied Materials earnings are important. Applied Materials will report earnings today after the close.
Initial jobless claims came at 200K vs. 195K consensus.
Producer Price Index (PPI) will be released tomorrow at 8:30am ET and may be market moving.
Gold has fallen below $4000 due to rising interest rates.
As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report.

Magnificent Seven Money Flows

In the early trade, money flows are positive in Apple (AAPL).

In the early trade, money flows are negative in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Tesla (TSLA).

In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ).

Momo Crowd And Smart Money In Stocks

The momo crowd is *** in stocks in the early trade. Smart money is *** in the early trade.

Very Very Short-Term Indicator

Gold

The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is inactive in the early trade.

For longer-term, please see gold and silver ratings.

Oil

The momo crowd is *** in oil in the early trade. Smart money is *** in the early trade.

For longer-term, please see oil ratings.

Bitcoin

Bitcoin (BTC.USD) seeing selling.

Markets

Interest rates are ticking up, and bonds are ticking down.

The dollar is range bound.

S&P 500 futures are trading at 7594 as of this writing. S&P 500 futures resistance levels are 7626, 7733, and 7795 : support levels are 7541, 7318, and 7194.

DJIA futures are down 136 points.

Gold futures are at $3894, silver futures are at $50.34, and oil futures are at $86.66.

COREWEAVE FINANCING MAP AND SHORT SQUEEZE TRIGGERS AI RALLY – TSM ADDS FUEL; AMD GAINS FROM NVIDIA TROUBLES

Nov 11, 2026

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

AI Trade Rally

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

Note the following:

Semiconductors reflect the AI trade, and SOXL is the momo crowd’s favorite.
The chart shows SOXL is gapping up.
The chart shows that RSI is now barely out of the oversold region.
The move up in SOXL and the entire AI trade this morning is triggered by neocloud CoreWeave (CRWV) earnings. As of this writing, CRWV stock is up about 16%.
There have been serious concerns about how CoreWeave would finance its data center build out.
- The yield on the most actively traded CoreWeave bond had risen to about 15%. The bond was originally sold with a yield of 9.625% with maturity in 2032.
- The estimate is that if CoreWeave were to issue a similar bond now it might have needed to pay about 18% interest.
The reason behind the AI rally in the early trade is the market likes CoreWeave’s financing map. Here are the key points:
- CoreWeave does not intend to go to the unsecured debt market.
- CoreWeave is relying heavily on prepayments from customers.
- CoreWeave is also relying on vendor financing.
- CoreWeave intends to issue debt secured by GPUs.
Along with CoreWeave, stocks of neoclouds Nebius (NBIS), IREN (IREN), and Applied Digital (APLD) are moving higher in the early trade. Oracle (ORCL) stock these days is primarily driven by data centers, and as such, is also seeing heavy buying in the early trade.
In The Arora Report analysis, prudent investors should note that a big part of the rally in CRWV stock is driven by a short squeeze. Since the CRWV rally is partially driven by a short squeeze, prudent investors should carefully watch if the rally is durable. This is especially important because CRWV is the trigger for the rally in the entire AI trade.
Adding to the positive sentiment in the AI trade is Taiwan Semiconductor (TSM) projecting an increase in capital spending to $60B – $64B from prior $52B – $56B. This is bringing in buying in semiconductor manufacturing equipment stocks such as Applied Materials (AMAT), ASML (ASML), Lam Research (LRCX), and KLA (KLAC). As a full disclosure, AMAT is in the ZYX Buy Core Model Portfolio, long from an average of $16. AMAT is trading at $393.52 as of this writing in the premarket. This represents a gain of 2360%.
In the early trade, the momo crowd is aggressively buying Nvidia (NVDA) stock. Here are the key points for prudent investors:
- So far, smart money flows are neutral.
- All along, The Arora Report has been sharing with you Nvidia chips are smuggled to China through countries such as Singapore and Malaysia, circumventing U.S. export controls.
- Due to the increased scrutiny, Nvidia may see illicit sales to China drop off. This may adversely impact Nvidia’s revenues.
- In The Arora Report analysis, there is about a 20% probability that Jensen Huang may be forced to leave Nvidia. If Huang is forced to leave Nvidia, NVDA stock could easily fall 25%. If NVDA stock falls 25%, The Arora Report will likely give a buy signal. As a full disclosure, NVDA is in the ZYX Buy Core Model Portfolio, long from an average of $12.55. NVDA is trading at $175.32 as of this writing in the premarket. This represents a gain of 1297%.
Advanced Micro Devices (AMD) is a major beneficiary of Nvidia troubles. As a full disclosure, AMD is in ZYX Buy in the portfolio that surrounds the Core Model Portfolio, long from an average of $205.52. AMD is trading at $542.39 as of this writing in the premarket. This represents a gain of 164%. Here are the key points:
- Nvidia’s troubles are a clear opportunity for AMD. For years, AMD’s biggest obstacle has not just been competing with Nvidia’s GPUs. It has been Nvidia’s enormous software ecosystem, particularly CUDA, which makes switching expensive and difficult.
- That advantage is not disappearing, but it is becoming less formidable. AI is making software development and code migration easier, while AMD is investing heavily in its ROCm software ecosystem and working with major AI players to improve compatibility.
- Nvidia’s problems give AMD something money alone could not easily buy: an opening to convince customers that depending too heavily on one GPU supplier carries risks. AMD does not need to displace Nvidia to become a much bigger winner in AI.
As a reference, the recent buy signals from The Arora Report in the AI trade have included trade around positions in AMD, Intel (INTC), Marvell (MRVL), semiconductor ETF (SMH), and ORCL. There are also new positions in IREN and SNDK leveraged ETF (SNXX).
In the middle of all the bullishness this morning, investors should not forget the following:
- The Iran situation is still unresolved.
- Inflation is high and the Fed may raise interest rates.
- After the Democratic sweep, there may be a stand off over the government debt ceiling.
As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report.

Magnificent Seven Money Flows

In the early trade, money flows are positive in Amazon (AMZN), Alphabet (GOOG), Meta (META), Nvidia (NVDA), Microsoft (MSFT), and Tesla (TSLA).

In the early trade, money flows are negative in Apple (AAPL).

In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ).

Momo Crowd And Smart Money In Stocks

The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade.

Very Very Short-Term Indicator

Gold

The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade.

For longer-term, please see gold and silver ratings.

Oil

API crude inventories came at a build of 9M barrels vs. a consensus of a draw of 1M barrels.

The momo crowd is *** oil in the early trade. Smart money is *** in the early trade.

For longer-term, please see oil ratings.

Bitcoin

Bitcoin (BTC.USD) is range bound.

Markets

Interest rates are ticking up, and bonds are ticking down.

The dollar is stronger.

S&P 500 futures are trading at 7614 as of this writing. S&P 500 futures resistance levels are 7626, 7733, and 7795 : support levels are 7541, 7318, and 7194.

DJIA futures are up 138 points.

Gold futures are at $4043, silver futures are at $52.69, and oil futures are at $87.32.

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

Nov 10, 2026

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.
RSI shown on the chart has the following implications:
- The chart shows the positive RSI divergence has ended. Positive divergence was due to RSI going higher when SOXL was going lower. Positive RSI divergence set up the conditions for yesterday’s 22.25% rally.
- The chart shows that now the condition has flipped. Now, there is a negative RSI divergence. In plain English this means that as SOXL staged a huge rally, RSI went down. This indicates that the rally may not be durable.
- RSI shows SOXL is now oversold. This means if there is any good news on semiconductors, semiconductors have the potential to rally.
- The sum total of the foregoing is that the semiconductor rally may not be durable unless there is another piece of good news or there are significant quick changes in money flows, positioning, or sentiment. In The Arora Report analysis, investors should prepare for high volatility.
Prudent investors can learn from yesterday how to gain a big edge in their investing and trading. Yesterday, there was an earthquake in the form of a scandal involving Jensen Huang, CEO of the largest semiconductor company Nvidia (NVDA) and a suspected Chinese spy. NVDA stock fell. NVDA carries a heavy weighting in semiconductor indexes. Due to the Nvidia scandal, the wisdom on Wall Street was that SOXL would see a significant drop. However, The Arora Report was positioned for a rally having initiated new semiconductor positions in Intel (INTC), Advanced Micro Devices (AMD), semiconductor ETF (SMH), and Marvell (MRVL). The Arora Report was positioned positive due to the edge from analysis of positioning, sentiment, and money flows.
Coming into yesterday morning, here was the set up in semiconductors:
- Positioning had turned negative from being very positive not that long ago. At critical junctions, negative positioning is a positive indicator.
- Sentiment was extremely negative. We have previously shared with you that at the extremes, sentiment is a contrary indicator. Extreme negative sentiment is a buy signal. It is worth a reminder that sentiment is not a precise timing indicator.
- Momo crowd money flows were negative. At critical junctions, negative momo crowd money flows is a positive indicator.
- Smart money flows were positive. After a drop, positive smart money flows are a positive indicator.
For those who want to gain the big edge that was on display yesterday, there are several podcasts in Arora Ambassador Club on positioning, sentiment, money flows, and sequence of events. Especially valuable is the new podcast published yesterday titled “THE NEXT PHASE OF AI PART 8 – TURN TREACHEROUS AI INTO YOUR ADVANTAGE.” To get on the waitlist to join Arora Ambassador Club, please fill out the form below.
For the very short term, here is the fly in the ointment for semiconductors in the early trade this morning:
- Positioning has quickly flipped positive.
- Sentiment has quickly flipped positive.
- Momo crowd money flows are positive.
- Smart money flows are neutral. Such a quick flip is rare. If the foregoing flips had not happened, there would have been high confidence in the semiconductor rally. However, due to the flip, now semiconductors can go in either direction in the short term. It will likely come down to one large fund making a big trade. Wall Street machines will jump on in the same direction of the trade and the momo crowd will follow. The latest podcast in Arora Ambassador Club explains this in detail.
The flip is part of the decision behind The Arora Report signal earlier this morning to take partial profits on the AMD trade around position.
Neocloud CoreWeave (CRWV) will report earnings after the close. CoreWeave is important to the entire AI trade for the following reasons:
- CoreWeave is the epicenter of the recent drop in the AI trade.
- CoreWeave is backed by Nvidia.
- CoreWeave has heavily borrowed to build data centers.
- CoreWeave bonds have dramatically dropped.
- CoreWeave stock has dramatically dropped.
- There is large short interest in CoreWeave stock. Paradoxically, large short interest can trigger a short squeeze.
Consumer Price Index (CPI) came hotter. Here are the details:
- Headline CPI came at 0.4% vs. 0.3% consensus.
- Core CPI came at 0.3% vs. 0.2% consensus.
In The Arora Report analysis, investors should not become too concerned about hotter than expected CPI for the following reasons:
- The data is for October when oil prices were high.
- In November, so far, oil prices have dramatically fallen.
- Oil prices have a major impact on CPI.
- Energy is directly part of Headline CPI.
- Energy is not directly part of Core CPI, but energy impacts a number of items in Core CPI.
Oil prices continue to fall as President Trump continues to show a conciliatory attitude toward Iran.
As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report.

Magnificent Seven Money Flows

In the early trade, money flows are positive in Apple (AAPL).

In the early trade, money flows are neutral in Alphabet (GOOG) and Meta (META).

In the early trade, money flows are negative in Amazon (AMZN), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA).

In the early trade, money flows are negative in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ).

Momo Crowd And Smart Money In Stocks

The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade.

Very Very Short-Term Indicator

Gold

The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is inactive in the early trade.

For longer-term, please see gold and silver ratings.

Oil

The momo crowd is *** oil in the early trade. Smart money is *** in the early trade.

For longer-term, please see oil ratings.

Bitcoin

Bitcoin (BTC.USD) is range bound.

Markets

Interest rates are ticking up, and bonds are ticking down.

The dollar is stronger.

S&P 500 futures are trading at 7521 as of this writing. S&P 500 futures resistance levels are 7541, 7626, and 7733 : support levels are 7318, 7194, and 7032.

DJIA futures are down 40 points.

Gold futures are at $4068, silver futures are at $51.76, and oil futures are at $84.45.

OPTIMISM IN STOCK MARKET AS OIL SLIDES ON TRUMP IRAN SIGNAL OFFSETS NVIDIA DROP ON HUANG AFFAIR; CPI AHEAD

Nov 9, 2026

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

Jensen Probe

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. Nvidia is extremely important for the following reasons:
- Nvidia’s AI chips are the most advanced.
- No other company can match Nvidia’s software and ecosystem.
- Nvidia has been bankrolling AI projects at a large number of other companies.
The chart shows NVDA stock fell below zone 2 (previously support) on the response to the Blue Wave.
The chart shows NVDA stock has fallen farther on allegations against Nvidia CEO Jensen Huang.
RSI on the chart shows NVDA stock is oversold. Oversold stocks are susceptible to a bounce.
In the Arora Report analysis, the key question for investors is how Huang's alleged affair with a suspected Chinese spy will impact NVDA stock over the long term. Overall, this development is negative for NVDA stock for the following reasons:
- There is no obvious, strong successor inside Nvidia. Any sustained damage to Jensen's credibility or leadership creates significant risk for Nvidia.
- Nvidia’s board has launched an independent investigation with outside counsel. However, given Jensen's enormous influence and long standing relationships with the board, there are legitimate questions about how effective the investigation will be, notwithstanding the directors' formal independence.
- Many China hawks in Washington have long been uncomfortable with Jensen's close relationships with China and his advocacy for allowing advanced American chips to be sold there. Jensen has consistently argued that restricting chip exports to China will accelerate China's efforts to become self-sufficient. His position is that keeping China dependent on American chips and technology is better for the U.S. over the long term. The suspected espionage connection now raises additional questions about his advocacy, although there is no public evidence that it was improperly influenced.
- Jensen has been close to President Trump. In May, when Jensen was initially left off the delegation accompanying Trump to China, President Trump personally intervened and brought him along. President Trump has continued to defend Jensen.
- Democrats have won control of both chambers of Congress and will take over in January. Congressional investigations into Jensen, Nvidia’s China relationships, and the Trump administration's handling of the matter are increasingly likely.
- Even Republican China hawks are not giving Jensen a pass despite his close relationship with President Trump. Three Republican committee chairmen have already requested a closed door congressional briefing.
- Aside from President Trump, Jensen does not appear to have strong political allies to protect him from bipartisan scrutiny.
This morning in the early trade, money is flowing out of NVDA and into Advanced Micro Devices (AMD). The belief is that AMD is a beneficiary of troubles at Nvidia.
To challenge Nvidia further, Alphabet (GOOG, GOOGL) is introducing two new TPUs built for AI agents.
There is optimism in space stocks as NASA plans to spend up to $10B for lunar delivery contracts. SpaceX (SPCX) will be a major contender. Other contenders include Firefly Aerospace (FLY), Intuitive Machines (LUNR), Lockheed Martin (LMT), Northrop Grumman (NOC), and Voyager Technologies (VOYG).
The drop in oil this morning is bringing optimism to the stock market in the early trade. Oil is falling for the following reasons:
- There are conciliatory indications from President Trump.
- Qatar has been acting as a mediator. Qatar’s Prime Minister will meet President Trump today.
- There is a report that Iran has loosened restrictions on transit through the Strait of Hormuz.
Consumer Price Index (CPI) will be released tomorrow at 8:30am ET and may be market moving.
As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report.

Magnificent Seven Money Flows

In the early trade, money flows are positive in Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL).

In the early trade, money flows are negative in Nvidia (NVDA).

In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ).

Momo Crowd And Smart Money In Stocks

The momo crowd is *** stocks in the early trade. Smart money is *** stocks in the early trade.

Very Very Short-Term Indicator

Gold

The momo crowd is *** gold in the early trade. This is reflected in gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), and silver miner ETF (SIL). Smart money is *** in the early trade.

For longer-term, please see gold and silver ratings.

Oil

The momo crowd is *** oil in the early trade. Smart money is *** in the early trade.

For longer-term, please see oil ratings.

Bitcoin

Bitcoin (BTC.USD) is range bound.

Markets

Interest rates are ticking down, and bonds are ticking up.

The dollar is weaker.

S&P 500 futures are trading at 7470 as of this writing. S&P 500 futures resistance levels are 7541, 7626, and 7733 : support levels are 7318, 7194, and 7032.

DJIA futures are up 626 points.

Gold futures are at $4136, silver futures are at $52.88, and oil futures are at $86.91.

To take a free 30-day trial to paid services to gain access to more opportunities, please click here.

Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 1% of the content from our paid services. ...TO RECEIVE REMAINING 99%, INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES AND SIGNALS IN REAL TIME, TAKE A FREE
TRIAL TO PAID SERVICES.

The Arora Report is one of the only major global investment newsletters that does not employ a single salesperson—because it does not need to. While competitors rely on high-pressure sales tactics, The Arora Report grows purely through results, with satisfied members recommending it to their family and friends.

Join the service that investors trust the most and recommend to family and friends.

Please click here to take advantage of a FREE 30 day trial.

Nigam Arora

Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing.

AMAT, AMD, AMZN, APLD, APO, ASML, AVGO, BLK, BN, BTCUSD, BX, CBRS, COHR, CRWV, DIA, DJIA, FLY, GDX, GLD, GOLD, GOOG, GOOGL, GS, INTC, IREN, KKR, KLAC, LITE, LMT, LRCX, LUNR, MARKETS, META, MRVL, MSFT, NBIS, NOC, NVDA, OIL, ORCL, QQQ, SILVER, SLV, SMH, SNDK, SNXX, SOXL, SPCX, SPX, SPY, TBF, TBT, TSM, USO, VOYG

Subscribe to 'Generate Wealth'

Free Forever

More To Explore