Midday Wave #25: Regime Flip Confirmed – Monday 4/13/2026

Welcome to Wave Rider Midday Wave, your mid-session market intelligence. Let's dive in. Did the market reverse or just rally? Rally? Mm-hmm, exactly. This isn't about price alone. It's about conviction. Right. So basically, what changed between morning and now? Morning sentiment was at 2% cautious with only 135 bull 4% stocks. Yeah, right. And now, 306 bull 4% stocks. That's a 126% surge in conviction. Oh, wow. Whoa. And breath? Yeah. Breath expanded. 40 SMA at 53.98% of 0.3 PP. 20 SMA at 66% of 2 PP. Mm-hmm. You know what? Hold on. So it's not as... SPY? Exactly. And it flipped midday, like a tide reversing mid-flow, not just rising, reversing direction. Got it. Okay. So if this is real, which breakouts are actually holding? Right. ALMs plus 7.6% with RVOL 0.3. Low volume relative to price action means institutional accumulation. Strong continuation candidate. Yeah, right. And ALLO? Plus 2.72, plus 7.8% from open. RVOL 1.48. Positive data momentum, but watch $2.72 is key level. Hmm. Hmm. P-L-E-C? Like, yeah, add it to SIP, plus 10.28%, but Q4 EPS down 112% Q2Q. That's odd. Risk-reward's unfavorable. Wow. So institutions are in ALM and ALLO, but PLEC's carrying… Wait, exactly. Like a relay race. Some runners are accelerating, others are dragging. I mean, okay, so what do we do now? What changes in the afternoon plan Sure Focus on levels ALM breaks 19 targets 20 52 high implied That's the only breakout with all institutional signatures. Low R vol, rising volume, no overhead resistance. Exactly. Got it. ALLO? Break below 2.55 invalidates bullish narrative. Tight stop below $2.50. Right, right. And SMH? $4.36.88, Rvol 1.26, stuck at weekly supply. Watch pullback to $4.32 to $4.34 or breakout above $4.38. Yeah. Wait, PL? PLEC? Yeah, reassess SIP entry. Plus 10.28% on weak fundamentals signals exhaustion, not strength. Hmm. Honestly, huh? And one setup to monitor? ALM's institutional accumulation pattern, low R vol plus rising volume equals high probability continuation. Got it. So, okay, so the big picture. Regime reversal is confirmed, not by SPY, but by breadth and conviction. Bull 4% count is the real signal. Right. Right. Stock-specific signals only. Exactly. Today's signal is stock-specific. Yeah. So before the close, check ALM at 19.24 and 20.50, ALLO below $2.55, SMH at $4.32 to $4.34, or $438, and remove PLEC from SIP unless fundamentals improve. Understood. Thanks, Algenep. You know what? Anytime. Keep your eyes on the breath, not the noise. This is WaveRider Midday Wave, staying level-headed while the market shifts. later. That's all for today's episode of WaveRider Midday Wave, your mid-session market intelligence. See you next time.