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POST-CLOSE · MON · NOV 9 · 2026 · 16:37 ET ·REGIMEELEVATED

Post-election relief rally powers broad-based recovery as oil slump cools inflation fears

SecBot Research
01Executive Summary
  • US equities staged a powerful relief rally Monday, with the S&P 500 surging +2.35% and the Nasdaq +2.74%, recovering a significant portion of last week's election-driven losses.
  • The VIX plunged 22% to 19.92, its largest single-day decline since March 2020, as the initial shock of the Democratic sweep gave way to bargain-hunting and policy clarity.
  • Crude oil crashed 4.2% to $86.98 on reports of a potential Iran nuclear deal and easing Strait of Hormuz tensions, providing a major tailwind for inflation-sensitive sectors.
  • Nvidia bucked the rally, falling 4.3% on 455M shares (3.9x average volume), as the board's probe into CEO Jensen Huang's ties to an alleged Chinese spy operation introduced significant key-person risk.
  • AMD surged 13.3% on an Oppenheimer upgrade and rotation out of Nvidia, leading the semiconductor sector higher (XLK +3.73%).
  • October CPI data at 8:30 AM ET Tuesday is the week's defining risk event, a hot print could challenge the Fed's rate-cut narrative and re-ignite volatility.
02Market Snapshot
S&P 500
7,549.94
▲ +2.35% +173.08
30D -3.35%
Nasdaq
25,253.14
▲ +2.74% +673.71
30D -7.72%
Dow Jones
52,389.75
▲ +2.15% +1,104.02
30D +1.42%
Russell 2000
2,840.81
▲ +3.15% +86.70
30D +1.21%
VIX
19.92
▼ -22.31% -5.72
30D +34.23%
03Sector & Breadth
Leaders
Industrials (XLI)
+3.82%
Technology (XLK)
+3.73%
Consumer Discretionary (XLY)
+2.92%
Communication Services (XLC)
+2.45%
Healthcare (XLV)
+1.91%
Laggards
Energy (XLE)
+0.52%
Consumer Staples (XLP)
+0.90%
Financials (XLF)
+1.45%
Real Estate (XLRE)
+1.45%
Utilities (XLU)
+1.53%
04ETF Flows
Inflows
SPY SPDR S&P 500 ETF Trust
+$5.14B
QQQ Invesco QQQ Trust
+$3.94B
SOXX iShares Semiconductor ETF
+$1.01B
IEF iShares 7-10 Year Treasury Bond ETF
+$669.4M
TLT iShares 20+ Year Treasury Bond ETF
+$409.0M
Outflows
IGV iShares Expanded Tech-Software ETF
-$396.5M
XLF Financial Select Sector SPDR
-$370.2M
DIA SPDR Dow Jones Industrial Average ETF
-$258.5M
COPX Global X Copper Miners ETF
-$237.8M
XLY Consumer Discretionary Select SPDR
-$184.6M
05Biggest Movers
Gainers
AMD ▲ +13.26%
Advanced Micro Devices
Oppenheimer upgrade to Outperform with $600 target; rotation from Nvidia amid board probe
TSLA ▲ +5.54%
Tesla Inc.
Broad tech rally; oil price decline easing cost pressure concerns
INTC ▲ +5.49%
Intel Corp.
Chip sector recovery; manufacturing milestone with 14A PDK 0.9 release
META ▲ +5.12%
Meta Platforms
Tech sector relief rally; bargain hunting after election sell-off
Losers
NVDA ▼ -4.27%
Nvidia Corp.
Board probe into CEO Jensen Huang's ties to alleged Chinese spy operation; key-person risk flagged by analysts
BA ▼ -0.59%
Boeing Co.
Lagging industrials; ongoing strike and production concerns offset sector rally
06Key Drivers
  1. 01 Post-election relief rally: After the Democratic sweep triggered a $2.5T market cap wipeout on Nov 5, investors returned to bargain-hunt, viewing policy clarity as a net positive for infrastructure and clean energy spending.
  2. 02 Oil price collapse: Crude fell 4.2% to $86.98 on reports of a potential Iran nuclear deal and easing Strait of Hormuz tensions, directly cooling inflation expectations ahead of Wednesday's CPI print.
  3. 03 Nvidia board probe: The company's independent investigation into CEO Jensen Huang's admitted affair and alleged foreign intelligence targeting wiped $225B in market value and introduced unprecedented key-person risk to the AI bellwether.
  4. 04 Semiconductor rotation: AMD surged 13% on an Oppenheimer upgrade and as the primary beneficiary of Nvidia's governance crisis, with the SOXX semiconductor ETF seeing $1B+ in inflows.
  5. 05 VIX collapse: The volatility index plunged 22% in a single session, the largest drop since March 2020, signalling a rapid de-escalation of election-related uncertainty.
  6. 06 Gold breaks $4,100: Safe-haven demand and a weakening dollar pushed gold to $4,147.70 (+1.8%), defying hawkish Fed repricing after Friday's strong jobs report.
07Technical Analysis
S&P 500
The S&P 500 closed at 7,549.94, reclaiming its 200-day SMA (7,328.22) by a comfortable 3.0% but remains below its 21-day (7,652.67) and 50-day (7,676.21) SMAs. RSI recovered to 45.77 from oversold territory. Nearest resistance sits at 7,554.40, with the next major hurdle at 7,773.51. Support at 7,357.07 held firmly on the open and served as the launchpad for today's rally.
Nasdaq
The Nasdaq closed at 25,253.14, recovering from its Nov 5 low of 24,315 but still 3.0% below its 21-day SMA (26,036.10). RSI at 42.45 remains in recovery mode. The index is essentially flat versus its 200-day SMA (25,107.04), making this a critical battleground. Resistance at 26,521.71; support at 24,344.58.
VIX
VIX collapsed 22.3% to 19.92, closing below 20 for the first time since Oct 29. RSI at 51.74 is neutral after being deeply overbought. The VIX remains above its 21-day SMA (18.88) and 50-day SMA (17.02), suggesting residual anxiety. A sustained move below 18 would signal a return to CALM regime.
08Cross-Market
US Treasuries
10-year yield 4.864% (+0.1bp), 2-year 4.46%, 2s10s spread +35bp (normal curve). 30-year bond yield 5.257%.
FX
DXY 101.67 (-0.61%), weakening as oil declines ease inflation concerns. EUR/USD testing 1.1163 pivot.
Commodities
Crude oil $86.98 (-4.24%) on Iran deal speculation and easing Hormuz tensions. Gold $4,147.70 (+1.79%), safe-haven bid + weaker dollar. Copper $6.38/lb.
Europe / Asia
European indices closed sharply higher. Japan's Nikkei surged 1,340 points (+2.3%) in a broad recovery. Asian markets rallied on the oil decline and US futures strength.
Other
Bitcoin $74,879 (+1.1%), tracking the broader risk-on move but lagging equities.
09Upcoming Calendar
Economic 2
08:30 ET
October Consumer Price Index (CPI)
3.7% YoY (prior 3.7%)
08:30 ET
October Core CPI
3.3% YoY (prior 3.3%)
Earnings 1
CSCO Cisco Systems AMC
Nov 10, 2026
Networking bellwether; enterprise spending and AI infrastructure demand read-through
Biotech Catalysts 3
SMMT Summit Therapeutics
BLA Priority Review
PDUFA date · Nov 14, 2026
EGFR-mutated NSCLC (ivonescimab)
First-in-class bispecific antibody; approval would open a multi-billion dollar lung cancer market
CYTK Cytokinetics
sNDA
PDUFA date · Nov 14, 2026
Obstructive hypertrophic cardiomyopathy (aficamten)
Franchise-defining decision; positive MAPLE-HCM data supports approval case
BTAI BioXcel Therapeutics
sNDA
PDUFA date · Nov 14, 2026
Acute agitation in bipolar/schizophrenia at-home setting (IGALMI)
Expansion of IGALMI label to at-home use; significant TAM expansion if approved
10 Stocks in Focus Quotes as of 16:36 ET

Names in focus based on expected market-moving catalysts and technical setups. Descriptive commentary only, not investment advice or a recommendation to buy or sell any security.

NVDA
Nvidia Corp.
▼DOWNSIDE Moderate PROB NEWS
$178.54 ▼ -0.07% 24h
Price at report release
The board's independent probe into CEO Jensen Huang's admitted affair and alleged Chinese intelligence targeting introduces unresolved key-person risk at the world's most important AI chipmaker. With the stock already below its lower Bollinger band ($182.92), RSI at 27.4 (oversold), and volume at 3.9x average, the selling pressure is intense. Watching for a break below $174.76 support, which would open a path toward the 52-week low at $164.27. The oversold condition creates bounce risk, but the governance overhang is likely to persist until the probe concludes.
Resistance
$230.81+29.3% ↑
$215.27+20.6% ↑
$200.29+12.2% ↑
$190.57+6.7% ↑
▶$178.54Now
Support
$174.76−2.1% ↓
AMD
Advanced Micro Devices
▲UPSIDE Moderate PROB NEWS
$509.34 ▲ +0.15% 24h
Price at report release
Oppenheimer's upgrade to Outperform with a $600 target and the Nvidia governance crisis are driving a structural rotation into AMD. Despite today's 13% surge, the stock remains below its 21-day SMA ($526.41) and 50-day SMA ($547.67), suggesting further upside room. Volume ran 1.8x average with strong institutional participation. The setup points to a test of $523.22 resistance, with the 50-day SMA at $547.67 as the next target. The 13% move already captures much of the upgrade catalyst, so follow-through depends on continued Nvidia outflows.
Resistance
$648.76+27.4% ↑
$564.75+10.9% ↑
$523.22+2.7% ↑
▶$509.34Now
Support
$495.72−2.7% ↓
$467.45−8.2% ↓
$441.61−13.3% ↓
11Outlook
Tuesday's session will be dominated by the October CPI report at 08:30 ET, the week's defining risk event. The consensus expects headline CPI at 3.7% YoY (unchanged from September), but the oil collapse (-4.2% today) provides a tailwind for a softer print. A below-consensus reading would validate the Fed's rate-cut narrative and could extend today's rally toward S&P 7,554-7,652. Conversely, a hot print would challenge the market's dovish repricing and could re-ignite volatility, with the VIX still elevated at 19.92. The Nvidia board probe overhang will continue to pressure the semiconductor complex, but the rotation into AMD and other chip names should persist as long as the governance uncertainty remains unresolved.
Important Disclosures

This report is for informational and educational purposes only. It is not investment advice, a research report within the meaning of applicable securities regulations, or a recommendation, solicitation, or offer to buy or sell any security.

References to expected price moves, support and resistance levels, or names "in focus" are descriptive observations about market conditions and expected behaviour, not directives to take a position. SecBot is not a registered investment adviser, broker-dealer, or financial planner. Past performance does not indicate future results. Any investment decisions are solely your own and you should consult a qualified financial professional who understands your individual circumstances before acting on any information herein.

SecBot and its affiliates may hold positions in securities mentioned. Figures are sourced from third-party data providers and may contain errors; readers should independently verify before relying on any specific number.