Power Hour #115: Breadth Break: Defensive Rotation Into the Close – Monday 9/28/2026

Welcome to wave rider power hour your final hour tactical edge. Let's dive in breath Just fell 23 points in one session from 40% above the 20 day down to 17% in a single day. Yeah That's not noise. That's a regime flip. Let's get you positioned before the bell So did the regime shift or hold today? It shifted defensive full stop that 23 point breath collapse flipped it and the 40 day reads oversold now oversold already already and sentiment turned bearish the 4% tape is bull 64 versus bear 158. Oh wow. And the nine month trend backs it up bull seven bear 20 the momentum tape flipped decisively. Okay so is this a crash or Rotation rotation it's rotational risk off not a broad flush money isn't running for the exits It's just moving to the safest seats in the building right right so if someone's still working Who do we hold two names BURL at 268 18 up 5.3% an ASML 1781 19 up 2.1% both Institutional both institutional both riding the leading sectors health cares in the 97th percentile Text in the 95th so they're the survivors. They're the two dry seats in a rainstorm everything else is red Okay, what do we cut? MU meta MXL MDB all of them all four all four rate and cap x pressure momentum unwinding M use at 1,082 28 meta 751 66 both flagged negative today and MDB MDB 410 44 same flag plus a CEO departure on top just cut it what do we avoid entirely Financials and energy RSPF at negative 2.29 dead last zero with percentile energy right there With it utilities to pure risk of zones into the close so nothing to enter only on confirmation You could take a BURL or ASML starter with a tight stop but tight being the keyword tight being Everything weak breath means always being control any long you take controlled risk only What about software anything setting up okta but it's a watch not a buy it has to reclaim 195 19 first and if it does targets 225 that's the cleanest software reentry on the board but not a Dollar until it reclaims the level okay quick one I'm seeing this reversal list light up Null view nav knob is that risk on no don't be fooled that's safe haven flow Huh so money hiding in yield exactly dividend and bond ETFs getting bid Nulls running six times normal volume that's fear not appetite see that's the thing so what's Driving all of it rates honestly it's the whole story every negative flag today MU meta MXL cited rate and capex pressure the bond markets got the wheel The bond markets got the wheel and equities are just along for the ride tonight Okay so tomorrow what would flip the script any overnight rate relief snaps this back fast And that safe haven bid and Null the knob that's your tell watch of it fades and the levels overnight ASML above 1781 19 BURL holding six 268 18 those two old you've got follow through And octa 195 19 reclaim 225 PT cleanest setup on the list What about exposure into the open light 17% above the 20 day means stay light on gross until breath Actually confirms a turn so we don't press we don't press let the breath reading tomorrow Decided not the emotion okay that's the call trim the rate sensitive names protect BURL And ASML with the tight stop and check breath first thing before you add a single dollar of risk That's it stay defensive till it turns see you at the open that's all for today's episode Of wave rider power hour your final hour tactical edge see you next time