Swami Weekly Wrap: Nov 9th, 2026 [Trend breaks flagged last week accelerate]

Hi Swami Subs,

Following up on last week’s headline — “Tech/equities breaking trend; new lows for gold; volatility elevated” — those cracks widened considerably.

Growth, high beta, and technology took the brunt of last week’s decline, and several trends that were testing support have now broken outright. Bitcoin broke trend. Oil broke trend. Equity volatility remains elevated.

Against that backdrop, THE MACHINE is showing a clear preference for Value, Dividend, and Low Volatility exposure heading into next week.

One area worth watching is Energy. Signal strength across Energy and commodity-linked equities remains poor, and there are no Energy names in next week’s Swami All-Equity portfolio. However, the setup is becoming more interesting: XLE currently offers roughly 14% modeled upside versus only 1% downside, and WTI crude flashed an Oversold Fractal Reversal signal on Friday.

That is not yet enough to earn Energy a spot in SAE, but it puts the group back on the radar.

Meanwhile, XLB (Basic Materials) remains in the portfolio for a third consecutive week as THE MACHINE continues to find relative strength there.