Power Hour #108: Breadth Explosion or Bull Trap? Reading the Closing Bell – Thursday 9/17/2026

Welcome to Wave Rider Power Hour, your final hour tactical edge. Let's dive in. 160 to 234 yesterday, now 294 to 56. That's not a typo. That's a breath explosion. Are we buying this close or is it a trap? Ooh, that's the question, isn't it? Okay, so regime. Did it shift today or not? Bull 4% ripped to 294 against just 56 bears. Yesterday it was 160 slash 234. Buyers took the wheel intraday, no doubt. But? But, the 40SMA gauge is still neutral. So this is a thrust, not a trend. Wait, really? The numbers look that strong and it's still neutral? Yeah, look, 20SMA jumped to 29% up four points. But 40SMA actually slipped, 28.16 down to 10s. Huh, so it's bounce and repair. Exactly, fast move, unconfirmed, like a sprinter breaking from the pack before the finish line. Right, so it's a thrust, not a trend. Fine, what do we actually do into this close? Hold the leaders, and the leader is mRNA. 158.87 of 9.1%, ATRM at 8.6, institutions behind it. Do we chase it here? Enter or add above today's high. Don't jump early, let it clear the last hurdle first. Okay, what else can first? NTRA 361.94 of 4.8, and ASAN at 9.96 of 3.2. Same sector, same strength. Healthcare carrying it. Healthcare and tech, yeah. Money's moving out of the slow lanes into the fast ones. Any secondary add? DDOG 237.29 institutional, but only if it holds gains into the bell. Risk-capped at 2.5%. So it's conditional. Totally conditional. It fades, you pass. All right, what do we cut? Utilities and industrials, both bleeding. RSPU-2.86, RSPN-2.11, sitting down at the 5-11th percentile and falling. Oh, names? NBIZ down 5.3, NTHI down 12.3 from the open. That's the damage. Yeah, get out of the wrong lane. Anything on the watch list? MSB, 20.15, up only 1.5%, but check this. 49 times normal volume. Wait, 49 times? 49x, it's a fire alarm. Something's happening, but you don't run in until you see flames. So watch, don't chase. Watch, don't chase. If you want cleaner setups, WRB at 70.23 and HBAN at 15.81, lower risk reversal basis. Risk in that 47-66 range. Got it. Hold the leaders, cut the laggards. Now what changes for tomorrow? Watch the biotech tape. Medical headlines can gap us overnight and NUVB approval. mRNA momentum carrying through. So news risk. News risk, yeah. And technically, team, 192.96 up 1.4, ATRM at 7.5, a tight VCP setup. Meaning what for the trader? Watch for a breakout above today's range on rising volume. That's your trigger. Okay, and the line in the sand. Binary. Bull 4% has to hold near 294. Under 160, the bounce is dead. And the gauge? The 40 SMA needs to clear back above 28.38%. Until then, cautiously long, nothing more. One more thing, we've still got no index levels, right? Right, no SPY, QQQ or IWM today. So breath is the proxy, like flying on instruments with a windshield fogged. 294 holds, we fly. 160 breaks, we land. That's it exactly. So let me lock this down. Breath thrust, not a confirmed trend. Hold the healthcare and tech leaders. mRNA above its high. Cut the utilities and industrials dead weight. And stay cautiously long, only if 294 holds. And that 40 SMA clears 28.38. Nailed it. Discipline in the final hour. Lock in the winners. Cut the dead weight. And keep your eyes on that 294 line tomorrow morning. That's the close. See you at the bell. That's all for today's episode of Wave Rider Power Hour. Your final hour, tactical edge. See you next time.