CPI Sends Futures Lower – Is More Selling Coming?
The stock market started Monday’s session with a strong recovery, but the major indexes are showing different levels of strength heading into Tuesday. The S&P 500 managed to close above the important 750 level at 752.69, while the NASDAQ 100 stalled at its lower channel line and continues to face resistance from declining moving averages. Semiconductor stocks are recovering, with three new buy signals appearing in the SOXX index. However, Nvidia remains technically weak despite Monday’s bullish reversal.
The Canadian market is showing relative strength, with the TSX and Canadian small caps recovering and gold stocks continuing to advance. Copper miners, silver and uranium also generated new buy signals, while crude oil and energy stocks remained under pressure. Bitcoin and Ethereum continued to weaken, breaking below important September support levels. With CPI numbers released Tuesday morning and stock index futures declining further, the outlook points to potential selling pressure at the market open. Investors should watch the S&P 500’s 750 level and the NASDAQ’s ability to recover.
Stephen Whiteside
Tuesday, November 10, 2026
0:00 Introduction and Pre-Market Outlook
0:35 S&P 500 Holds Above 750
1:18 NASDAQ 100 Faces Resistance
2:11 Semiconductor Stocks and New Buy Signals
3:01 Russell 2000 and Small-Cap Buy Signals
3:13 Nvidia’s Bearish Technical Outlook
4:39 Dow Jones Winners and Losers
5:19 Canadian Market Outlook and TSX
6:02 TSX 60 and Canadian Small Caps
6:20 Gold Stocks and Energy Stocks
6:36 Commodity ETFs: Copper, Silver and Uranium
6:59 VIX Market Update
7:09 Bitcoin and Ethereum Break Support
7:41 CPI Report Sends Futures Lower
