Power Hour #110: Breadth Thrust: Trim the Losers, Ride the Leaders – Monday 9/21/2026

Welcome to WaveRider Power Hour, your final hour tactical edge. Let's dive in. Index prices are dark today. No SPY, no QQQ, no IWM. So how do you trade the last hour blind? You don't. You read breath. And breath just screamed. Yeah. Okay, so give me the regime. One line. Trending recovery day led entirely by tech and software. 58% of stocks above the 20 SMA today, up from 36 yesterday. Wait, that's a 22 point jump. In a single day, that's a breath thrust. So it's confirmed. Not yet. Here's the thing. The 40 SMA is still stuck at 24.07% up less than a point. Huh. So one leg is exploding, the other hasn't moved. Trending, but not a full regime shift. Trending, not confirmed. So what do we actually do with the next hour? What are we holding? Tech and software topped about them. RSPT is at the 95th percentile, up 2.1%. And it's not one name, ZS at 204.85 up 3.8. FTNT 174.62 of 2.8. QLYS 179.80 also up 2.8. So the whole team scoring? Exactly. That's how you know it's real, not a fluke bounce. OK, what do we cut? Energy and utilities, both broken. RSPG down 1.32% at the 0th percentile. RSPU down 3.52, also 0th. 0th percentile, out. And the triggers clean. EQNR failing at 44.10 on that Iran-driven crude slide. One headline cracked the whole sector. So energy holders, that's your exit. Before the bell, yeah. Anything to interlate? Two names look identical on price, but they're not. A's up 3.9% to 1.62.58. That's big move. But RVOLs only 0.6. No volume behind it. Don't chase that. Wait, up almost 4% and nobody's buying? It's a car revving loud with no gas. Now compare FFIV. 477.59, up 3.6, RVOL 1.4. Same move, real volume. Institutional volume. That's the higher quality trade. So do I buy it? Only on confirmation. It has to hold green into the final 30 minutes. And keep to stop tight. ATRs 3.3%, so it moves. Tight stop, confirmation first. Got it. Anything else on the radar? Jill, down 1.2%, but look at the volume. RVOL 7.7. 7.7, that's massive. It's a pressure cooker. Something's about to give. So I jump in. No. Wait for the reclaim above 23.66. Don't front run it. Above 23.66, then act. Then act. Okay, that's the playbook for the bell. What carries into tomorrow? Iran and crude. Those overnight headlines are the catalyst. Any energy follow through starts right there. Right. And on the upside, ZS above today's high of 204.85 with improving volume extends the software leadership. So that's your continuation level. That's the one to watch. And the big picture does today change the plan? Honestly, not much. The 40 SMA at 24% means this is early stage. A strong first quarter, not a win. So don't get greedy. Demand confirmation before you add risk. Size down until that longer trend catches up. Okay, so let me land this. Breath thrust confirms tech and software leadership. But the 40 SMA is still weak, right? So size down, cut energy and utilities and wait for confirmation like FFIV holding green. That's the whole call. Trim the losers, ride the leaders. And don't chase without volume. Never. That's the close. Trim the losers, ride the leaders, and don't chase on move with no gas behind it. See you at the bell tomorrow. That's all for today's episode of Wave Rider Power Hour. Your final hour tactical edge. See you next time.