Active Investing Edge Mentoring for November 9, 2026
TITLE: Market Correction Bounce With Crude, Nvidia, Semiconductors, and RSP Breadth Signals (11-09-2026)
VIDEO SUMMARY: (FIRST POV Geoff)
Geoff framed the selloff as a possible correction in positioning rather than proof that the bull market had ended, while cautioning against treating Friday’s low as a reason to load up. He identified nearby support in the S&P and Nasdaq futures and described crude’s reaction to geopolitical news as a potential ceiling for oil and a supportive signal for stocks, while doubting an easy return below $100 in USO. Geoff treated Nvidia’s weak premarket action and leadership uncertainty as a sentiment test for semiconductors, with SMH and AMD’s response important to watch. He saw AMD as a potential setup near its 200-day average, but acknowledged its weak trend and emphasized defined risk. Across sectors, he highlighted healthcare trends and selective strength in semiconductors. For the broader market, RSP was his preferred breadth gauge: he outlined a breakout entry above $219.67 with an exit below $217.43, while stressing that the market’s follow-through would determine whether the bounce was credible.
SESSION HIGHLIGHTS:
- [00:00:00] Correction Support and Crude Oil: Geoff assessed Friday’s low as a possible tradable bottom, not an all-clear signal, and used crude’s price reaction and nearby support levels to frame the risk of a broader market bounce.
- [00:11:30] Nvidia and Semiconductor Sentiment: Geoff examined Nvidia’s weak premarket action and discussed how its price behavior, alongside SMH, could reveal sentiment toward the AI infrastructure buildout and affect semiconductor trades such as AMD.
- [00:24:14] Opening Pivots and Patience: Geoff reviewed opening-range and pivot signals across SPY, QQQ, RSP, and TLT. With Nvidia not recovering and the setup lacking conviction, he preferred to wait for clearer action rather than chase an early breakout.
- [00:33:48] AMD and Sector Leadership: Geoff weighed AMD’s potential near its 200-day average against its weak trend and changing risk, then checked sector leadership. He treated semiconductor strength and Nvidia’s recovery as signals to monitor, not guarantees.
- [00:41:11] Sector Trends and RSP Setup: Geoff compared energy, healthcare, retail, biotech, and transportation, noting differing trend quality and timing risks. He favored RSP as a breadth gauge and outlined a potential opening-range breakout with a defined stop.
- [00:53:03] Trade Levels and Stock Watchlist: Geoff detailed RSP’s breakout and exit levels, then reviewed AMD and semiconductor names including AMAT, MU, and QCOM. He emphasized trend confirmation and avoiding entries that amounted to buying a crash.
- [01:08:51] Individual Charts and Closing Outlook: Geoff assessed Palantir and other stocks, then used a scanner to look for resilient trends across groups. He closed by naming potential candidates and identifying last week’s low as a key market risk level.
