Power Hour #105: Breadth Cracks: 40% to 15% in One Session – Monday 9/14/2026

Welcome to Wave Rider Power Hour. Your final hour tactical edge. Let's dive in. Breath just fell off a cliff 40% to 15% in one session. If you're still holding chips into this close We need to talk right now. Mm-hmm. Yeah right now. Okay, so one line did today's regime hold or it broke Look, this is a reversal distribution day not consolidation not noise. Give me the number. Yeah percent above the 20 SMA Creatored to 15% from 40% yesterday. That's a 25 point collapse in a single session. Whoa 25 points. Oh wow 25 and the 40 SMA slipped to 30.99 percent down from 36.94 percent. Mm-hmm. Here's the thing bull 4% Collapsed to 217 bear 4% surged to 262 sellers now outnumber buyers. Wait and yesterday that was Completely flipped yesterday. It was 169 to 117 bullish tilt overnight the room emptied out honestly That's wild. Okay, so breath says run for cover. What do we actually do in the next hour? Right simple hold what's proving itself cut what's fading? What are we holding? Mm-hmm. NET. It's at $334.13 up 9% our vol 1.1 Lone leader with real institutional sponsorship keep it like up nine while everything's bleeding Everything's bleeding. It's the one swimmer still moving forward. Anything else on the hold list? Yeah Google watch it $338.50 up about 1% and it's got 8,820 funds behind it. AI strength holding for now. Okay, and what do we cut? Right, right? Semi's all of them a mat down 6.1% MU down 4.7% SMH down 4% Oh, they're in continuation down mode mode do not hold losing chips overnight Just don't do it exactly don't do it and it's not just chips ETNs failing at $425.30 on that data center fade right I mean even defensives are cracking industrials ATR at a cycle low negative 2.12 Utilities negative 2.79 wait utilities to the safe stuff Yeah, totally the safe stuff when utilities crack alongside chips. It's not one leaky pipe It's the whole foundation settling. You know what huh? Okay, so is there anything to enter here? One thing confirmation only NET above intraday VWOP justifies a small starter 2.5% risk max Confirmation only right confirmation only CRT applies just to NET Everything else ABC always be in control protect capital. What about that spain name EWP? Watch don't chase 61 dollars 18 cents our vol 5.4 down 1.5% Could be capitulation, but it's not a buy yet So basically watch not chase got it. So we cut chips protect NET. What does that set up for tomorrow? Hmm NET. It's got a hold above $334.13 Above that clean long below it the whole thing flips to a fade Okay, so one price one line in the sand Yeah, one line and on breath if percent above the 20 SMA holds above 15% into the close that's about set up And if it doesn't oh man another leg down means continued distribution. Simple as that So what's the default plan right defense smaller size faster exits no bottom fishing until breath turns back up I mean honestly that's it isn't it 15% is like a fuel gauge near empty Exactly you don't push the accelerator you coast to the next stop Love that okay lock in the takeaway for me. Mm-hmm breath collapsed from 40% to 15% today That's your signal cut the fading semis protect NET only unconfirmed VWOP strength and default to preserving capital until breath proves its turning Perfect cut what's broken protect what's proving itself and let breath tell you when it's safe to push again That's the desk call see you at tomorrow's open that's all for today's episode of wave rider power hour Your final hour tactical edge see you next time