Power Hour #106: Breadth Breaks Down: Triage Mode Into the Close – Tuesday 9/15/2026

Welcome to wave rider power hour your final hour tactical edge. Let's dive in only 18% of stocks are above their 20 day average right now That's a market quietly falling apart. 60 minutes to the bell. Let's get tactical Okay, so did the regime hold or did it shift on us today? Give me the breath number first It shifted and it shifted defensive percent above the 20 day dropped to 18 from 21 right I mean Down three points down three and the 40 day fell harder 29% from 35. That's a six point drop. Oh, wow Yeah, yeah, and sentiments bearish on both reads Bowl 4% collapsed to 91 from 258. Wait from 258. That's a cliff, right? Bear 4% is sitting at 230 sellers are in control, right, right? So is this a breakdown or not violent? It's distributive choppy Participation's just thinning out like a party emptying out the back door no panic, right? Yeah Honestly defensive regime confirmed. So what do we actually do with the next 60 minutes? What are we cutting cut? IOS minus two sentiment a broker cut down six and a half off the open and there's no bid Gone, you know what what else? SYY on weak dining traffic ENLT on insider selling both fading with zero breath to lean on Yeah, and the biotech risk ARWR on trial disappointment BMRN discontinued its VOZOGO program exit both into the bell. Sure Okay, so those are dead weight. What are we holding energy? It's the one sector actually working that groups up over two percent on the day And it's the ATR percentile leader at 42. Yeah, I mean one green light on a red dashboard Exactly right So hold PER at 2376 on the key bank target raise hold FTI at 72 88 city raise there too Right and RIG at 5.45 on a fresh deep water contract Those have real backing. Right look anything else in energy VLO up 3.7 SSL up 4.5 Momentum plus analyst support you stay in those love it now anything worth entering into the close One and only on confirmation FTEK up 10.9% on relative volume of 2.3 Yeah, totally so basically that's real volume the engine's roaring hold above Intraday value into the last 30 minutes then you take it. Okay. What about CVI? I saw it up big Don't chase it up 7.4, but relative volumes 0.5 loud price no fuel. It's coasting downhill and neutral Huh, right and like there was that reversal tag on MNR, right? Yeah, and I don't trust it down 9.8 on relative volume of 20 near 11.26 20 that's not a bottom. That's capitulation not a reversal do not buy that bounce got it Yeah, and sizing controlled risk taking only small size no full positions under 18% breath Okay, so trim the fades ride energy. What carries into tomorrow crude oil's the puppet master USO is up 3.3 overnight. So how crude opens pulls every energy string right? So oils the tell Exactly watch P.E.R a break and hold of today's high near old 23.76 is your clean continuation trigger And FTEK stays above today's close the volume break out still alive watch at the first 30 minutes Yeah, does any of today change the plan No state offensive stays small until percent above the 20 and 40 turns back up Nothing changes till breath does Clear enough. So here's the thing breath said 18 and falling cut the fades hold only energy names with real volume and analyst backing And keep the size down. This is triage not a shopping spree Protect capital into the close watch PR and FTEK at the open tomorrow And don't add size until breath turns that's the call see you at the bell That's all for today's episode of wavewriter power hour your final hour tactical edge see you next time