Power Hour #119: Stay In The Beam: A Stock-Picker’s Close – Friday 10/2/2026

Welcome to wave rider power hour your final hour tactical edge. Let's dive in breath Just flip bullish index levels have gone dark and only one sector is actually expanding 60 minutes to the bell. What do you do with you pick stocks? That's it. This is not a broad beta chase today Mm-hmm. Okay, so give me the regime. Has it held or has it it shifted into chop long-term basis firming short-term is cooling Classic cross-current. Right walk me through the breath 40 SMA improved to 20.74 percent from 18.13. So the base is Firming up. Firming right, but the 20 SMA slipped to 22 from 24 Momentum's rolling over short-term Mm-hmm. And the sentiment thrust flipped hard bullish when 144 bulls versus 70 bears. Wait, that was basically even yet dead even 189 bulls 192 bears. Now it's a landslide. Oh, wow. So reversal into chop stock pickers tape Exactly that. Yeah. So if breath is the only signal we trust, what's it telling us to actually do right now? triash. Let's go. What are we cutting? L.E.N. at 82.15 negative catalyst 8.79 percent short float and its building outside tech zone entirely gone gone and L.I. at 11.12 week deliveries EV exposure losing support. Right, right. Light knit. What are we holding? TSLA 354.11 holding near flat on positive Q3 production. No reason to touch it. Mm-hmm. And I am OS 72.68 up 1.6 percent from the open. That's writing the Broadcom and Thropic deal. The $60 billion chip deal. That's the one. It's powering the whole chip complex. That's the one. It's powering the whole chip complex. Exactly. Okay, so anything to actually add here? On confirmation only. C-A-M-T above 163.85. It's already up 6.5 percent. Mm-hmm. And if chips keep holding. T-S-M-A above 471.53. That's your second trigger if they carry into the clothes. What about ASMR? Look, watch it near highs. Here's the thing. Tech is the only sector decisively expanding. How decisively? RS-P-T-A-T-R at 2.84 percentile, 100, and rising. 100. Oh, wow. One flood light on a dark stage. If you're not in that beam, you're not getting paid today. Love that. Yeah. Any backup if the chips don't confirm? ASTX 9.29 read a volume 2.0 and the risk is only 56 percent. Clean reversal. Clean low risk reversal. That's your doorway in if C-A-M-T and TSM stall. Right. Okay, triage is done for today, but does any of this carry into tomorrow's open? I mean, same playbook. Honestly, run it again. What's the catalyst to track? Follow through on that Broadcom and Thropic deal. Watch for AI CapEx headlines before the open. Mm-hmm. And a setup? QMCO 33.95. ATR percent at 7.2. That's high energy. Continuation entry above 33.95. That's a mover. Oh, man. Anything calmer? GNRC 216.60. Up 4.2 percent. Institutional backed machinery. So less chip concentration. Exactly. Same theme, lower volatility. Yeah. And the regime into tomorrow? Unchanged. Tech leads until breath broadens beyond chips. Stock picker's tape. Not a beta chase. So the rule is basically. Let chips lead until the rest of the field shows up. You know what? That's the whole game today. Trim what's broken outside tech. Protect what's working inside it. And add only on confirmation. C-A-M-T over 163.85. TSM over 471.53. Don't chase broad beta until breath confirms beyond chips. That's the line. Stay in the beam. All right. Trim the losers. Protect the winners and let chips lead until the rest of the field shows up. See you at the open. Sure. That's all for today's episode of Wave Rider Power Hour. Your final hour, Tactical Edge. See you next time.