Midday Market

Midday Wave #105: Breadth Breaks: Inside the Midday Bearish Flip – Wednesday 9/9/2026

Episode 1054:46

0:004:46

Episode summary

Breadth flipped from Neutral to Bearish intraday as breakouts collapsed over 75% and cyclical sectors hit zero percentile, even as Energy and a handful of mega-cap names like META held firm. The team breaks down the internals, the fading setups, and how to adjust exposure into the afternoon close.

Chapter by chapter

Breadth Flips Bearish

40SMA and 20SMA breadth both collapse intraday, signaling a sharp contraction in market participation.

Energy Alone at the Top

Sector rotation shows Energy as the lone leader while Industrials, Discretionary, and Staples sit at zero percentile.

Breakouts Collapse 75%

Bull 4% breakouts crash from 264 to 57 while Bear 4% only eases slightly, signaling a stall rather than a rout.

Leaders Holding: META, MRVL, USO

META, MRVL, and USO show real volume and resilience while PYXS and PLSE reverse hard, and the 20% Study shows only leveraged ETFs, not single stocks.

Defense Into the Close

Traders are advised to size down and watch META's 651.67 level and the USO oil bid as key tells for the rest of the session.

Key points

  • 40SMA breadth flipped from Neutral to Bearish, dropping to 32.32% from 44.37% in a single session.
  • Bull 4% breakouts collapsed over 75% (264 to 57), signaling a participation stall rather than a selloff.
  • Energy is the only sector leader at the 88th percentile while cyclicals sit at zero.
  • META, MRVL, and USO show real conviction, but the 20% Study is confirmed only by leveraged ETFs — a divergence warning.
  • Recommended stance: reduce size, watch META's 651.67 level and the USO oil bid as key tells into the close.

Ticker charts

META

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open META in WaveFinder.

Daily bars through Sep 9, 2026.

MRVL

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open MRVL in WaveFinder.

Daily bars through Sep 9, 2026.

MVLL

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open MVLL in WaveFinder.

Daily bars through Sep 9, 2026.

USO

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open USO in WaveFinder.

Daily bars through Sep 9, 2026.

GME

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open GME in WaveFinder.

Daily bars through Sep 9, 2026.

PYXS

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open PYXS in WaveFinder.

Daily bars through Sep 9, 2026.

PLSE

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open PLSE in WaveFinder.

Daily bars through Sep 9, 2026.

POEL

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open POEL in WaveFinder.

Daily bars through Sep 9, 2026.

BEZ

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open BEZ in WaveFinder.

Daily bars through Sep 9, 2026.

RAM

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open RAM in WaveFinder.

Daily bars through Sep 9, 2026.

SKDD

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open SKDD in WaveFinder.

Daily bars through Sep 9, 2026.

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