Premarket plan
8:15 AM ET
🌅 Premarket — Wed, Nov 4
$SPY 761.03 (+0.88%) R 763.19 / S 759.75
QQQ 686.50 (+0.17%) R 688.69 / S 685.34
IWM 284.24 (+1.59%) / S 283.23
Read: Risk on (avg +0.88%)
Today: 10:00 ISM / PMI · Earnings BRK.B, MCD, QCOM
Market report
Wednesday, November 4, 2026
The Hub's call
Made at 9:00 AM ET, after the 8:30 data
CHOPPY· low confidenceScored at the close.
Premarket risk-on sentiment confirms last night's choppy bias with upside potential.
Conflicting signals: defensive trend vs. strong premarket and breadth, requiring caution until 10:00 AM.
The premarket confirms last night's choppy outlook, with indices showing strength despite a defensive long-term trend. Expect volatility at the open as the market digests election-related moves; wait for the 10:00 AM range to establish before committing to a directional trend.
Macro read: Lower yields and a weaker dollar support equities, while a sharp drop in VIX suggests reduced fear. Tech and small caps are positioned to benefit from the current risk-on environment.
The plan
If / then, and the levels it hangs on
- IfSPY holds 752.14 → Look for a test of the 756.82 resistance level.
- IfQQQ fails to hold 682.74 → Expect a move toward lower support as tech remains under pressure.
| Index | Support | Pivot | Resistance | Prior low | Prior high |
|---|---|---|---|---|---|
| SPY | 752.14 | 754.60 | 756.82 | 752.39 | 757.07 |
| QQQ | 682.74 | 685.72 | 688.25 | 683.18 | 688.69 |
| IWM | 278.76 | 280.38 | 281.41 | 279.34 | 282.00 |
Where money is moving
The Hub's sector and industry rotation ranks
Tailwinds
- Healthcare — Leading sector with accelerating rank and strong momentum.
- Consumer Staples — Strong relative strength and momentum phase.
Headwinds
- Technology — Deteriorating monthly performance and distribution phase.
- Tech breakouts — Sector is in distribution and monthly performance is weak.
Leaders inside the leading groups
Healthcare (XLV) — LLY (RS 92, +22.1% 1M) · AMGN (RS 90, +12.5% 1M)
Consumer Staples (XLP) — PM (RS 84, +11.3% 1M) · KO (RS 81, +9.8% 1M)
RS: relative strength against the market, 1–99.
Market breadth
Healthy2,423 US stocks · as of 11:10 AM ET57% of stocks above their 50-day, 66% of movers up today, 74% of 52-week extremes are highs.
New highs vs new lows (52-week)155 / 5574%
Advancers vs decliners1,600 / 81566%
Up vs down from the open1,197 / 1,21550%
Up vs down on above-average volume (for the time of day)695 / 47060%
Up 4%+ vs down 4%+618 / 35064%
Above 20-day
64%
Above 50-day
57%
Above 200-day
55%
Stages (from the 50 and 200-day)
Basing 27%Advancing 31%Topping 19%Declining 23%
% above the 50-day, last 3 sessions
As posted on X (3)+
9:00 plan
9:05 AM ET
☕ 9:00 Plan — Wed, Nov 4
$SPY 762.69 (+1.10%)
QQQ 687.14 (+0.26%)
IWM 284.69 (+1.75%)
Hub bias: CHOPPY (low confidence)
SPY R1 756.82 · S1 752.14
If SPY holds 752.14 → Look for a test of the 756.82 resistance level.
Setups on watch
10:11 AM ET
🎯 Setups on watch — Wed, Nov 4
Market: risk on — SPY +1.10% · QQQ +0.26% premarket · 4/11 sectors up yesterday
$SPY coiling: over 760.86, stop 750.13
IWM coiling: over 283.40, stop 278.50
QQQ coiling: over 692.13, stop 681.13
Educational, not advice
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