Power Hour #120 Bullish

Power Hour #120: Breadth Confirms the Trend: Tech Leads Into the Close – Monday 10/5/2026

October 5, 2026 4:27

Tickers Mentioned

DNA MSFT CRWD OKTA QTOP BSAC LABU HP WGO RZLV

Episode Summary

A late-session breadth thrust — thirty-six percent of stocks above the twenty SMA — confirms a genuine trending market led by Tech, not a fakeout. The analyst breaks down which leaders to hold, which fading headline plays to cut, and sets QTOP's forty-dollar level as the key trigger for tomorrow's open.

Key Takeaways

Breadth expanded sharply: Above 20 SMA jumped to 36% from 29%
Tech leads at 95th-percentile ATR; ride the leaders
DNA explodes 21% but carries extreme 273% risk
QTOP and BSAC lead bullish reversals on heavy volume
SPY/QQQ/IWM index data unavailable — lean on breadth

Regime Check — Where Are We Now?

Regime is improving into the close — breadth is expanding with Sentiment 4% reading Bullish and the 40SMA sentiment also Bullish.

Breadth expanding: % Above 20 SMA jumped to 36% from 29% (+7.0pp) and % Above 40 SMA rose to 24.35% from 21.65% (+2.7pp) — participation broadening.
Tech leading, holding: RSPT sits at 2.56, rising, and ranks in the 95th percentile — the clear leadership sector. Utilities (RSPU -2.81) are also rising off deeply oversold levels.
Character: A constructive follow-through day — Bull 4% at 101 vs Bear 4% at 71, with laggards like Communication Services (RSPC -1.47, 11th percentile) and Consumer Staples (RSPS -1.65, 16th percentile) still falling.

Strategy Signals — Continuation, Reversal & SIP

Strongest continuation (2LYNCH): DNA at $14.98, up 21.3% on RVOL 2.6 — the standout mover, though note extreme ATR (11.4) and sky-high risk. For cleaner institutional backing, MSFT $526.01 (+1.6%, INST, 5K) and CRWD $272.49 (+0.9%, INST) carry the flag.
Strongest reversal: QTOP $40.11 on heavy RVOL 3.5 leads the bullish reversal list; BSAC $32.43 (+1.4%, RVOL 2.1) confirms turning tape. LABU $255.36 (+2.7%) signals biotech bounce appetite.
SIP leaders holding/failing: HP $38.54 catching an analyst PT raise (+1.45 from open) is holding green. Watch failures: WGO flagged sentiment -2 on a Camping World guidance-miss spillover, and RZLV faded -5.07% from open despite the Mastercard AI headline.
Most relevant action code — PLASTICS (Sector Winners): Tech’s 95th-percentile ATR rank and rising breadth say ride the leaders. Pair with 2LYNCH for continuation entries in software names like MSFT, OKTA ($218.90, +3.5%), and CRWD.

Closing Playbook — What To Do Now

Consider closing: Trim anything tied to WGO or consumer-discretionary weakness (RSPD -1.86) and fading SIP names — RZLV‘s -5% intraday fade and PUSA (-2.92 from open) are red flags that headlines aren’t holding bids.
Enter if it confirms: OKTA $218.90 (+3.5%) and MSFT $526.01 — if they close near highs on the broadening breadth, that’s a 2LYNCH continuation setup. Keep size tight on DNA given its 272.9% risk reading; only an FFM-style (≤2.5% risk) entry survives that volatility.
Key level: SPY, QQQ, and IWM price/SMA data are unavailable today — I can’t cite specific index levels. Lean on breadth instead: holding above today’s expanded 36% (Above 20 SMA) keeps the bulls in control into tomorrow.

Tomorrow’s Early Look

Catalysts to watch: Biotech/FDA headlines remain live — RZLT’s FDA pre-BLA meeting recommendation and CAPR’s HOPE-3 extension data could ripple through medical names at the open.
Setup forming: QTOP $40.11 is the cleanest reversal with RVOL 3.5 — a hold above $40 overnight sets a continuation trigger. BSAC $32.43 and LABU $255.36 are secondary watches.
Regime outlook: Today’s +7pp breadth thrust and rising Tech ATR favor staying long leaders — plan tomorrow around Tech/software strength, but respect lagging Comm Services and Staples as the weak spots. Stay ABC (Always Be in Control) until index data returns.

Welcome to Wave Rider Power Hour, your final hour Tactical Edge. Let's dive in. Breath just jumped seven points into the close. Is this the real rotation and attack or a last gasp fake out? I mean, let's get tactical. Honestly, it's real, and I can prove it with one number. Give it to me. Trending, choppy, or river? Trending. Percent above the 20 SMA jumped to 36 up from 29. A seven point thrust. A seven point thrust into the close. That's participation broadening, not just price. Right. And the bull bear split? Bull 4% at 101, bear 4% at 71. That's constructive, not choppy. Yeah. Who's leading it? Tech, RSPT sitting at the 95th percentile. That's your real engine behind the breath. Oh wow. 95th. So this isn't one stock faking us. Exactly. It's the whole sector pulling the pack forward. Exactly. OK, so breath says trend. What do we actually do with it in the next hour? Hold your institutional leaders. Microsoft 526.01 up 1.6%. Institutional backed. Clean continuation. Mm-hmm. Keep it. Keep it. Same story crowd strike. 272.49 up 0.9 institutional. Now reason to touch either. Right. Right. What about the big mover? I saw DNA ripping. You know what? Up 21.3%. But careful. Sure. Careful how. Relative volume 2.6, ATR 11.4, and a risk reading of 272.9%. Whoa, 272% risk. So if you're in it, size down. Don't chase it into the bell. Right, right. Got it. Size down, don't chase. Winnebago. There's guidance miss spill over hitting the whole space. Trim it before it snaps. Yeah. And the headline name? RZLV had a mastercard AI headline and still faded 5.07% from the open. Wait, really? It had the catalyst and still dropped? Still dropped. And that's the lesson. Headline doesn't equal strength. The market's not buying that story. Oh man. See, that's the thing. So what's actually worth entering late? Octa, 218.90, up 3.5%, and Microsoft closing near highs. Only if they confirm. Only if confirmed. That's your two-inch continuation setup. Let it close strong, then you've got your entry. Hmm. OK, anything on the reversal watch? Q-top, relative volume 3.5, then B-sac, up 1.4, and LAB, up 2.7. Hmm, good. So we've got the playbook for today. What carries into tomorrow? One level. Q-top holding above 40 overnight. 40 flat. It's at 40.11 right now. If it holds that line, you've got a clean continuation trigger at the open. Got it. And the secondary watches? B-sac at 32.43, LAB at 255.36, both in the reversal queue. OK. What about catalysts? Anything that moves at the bell? Biotech, watch for FDA catalysts in RZLT and CAPR. Those could move the medical names right at the open. Honestly, that's the part I'd flag for people. Now, one thing, we're flying a little blind on the index, right? Right, index data's dark. So breath becomes your dashboard light. Meaning? Meaning, 36% above the 20 SMA is your proxy level now. Stay above it, you stay long leaders. Mm-hmm. And if it slips back on... Then, you tighten up. But until then, stay long the leaders. Stay ABC. Yeah. Always be in control. Always be in control. OK, let me land this. Breath confirmed the trend today. Seven point thrust, tech at the 95th, hold Microsoft and CrowdStrike, cut the fading headline plays like Winnebago and RZLV and let Qtops 40-dollar line set tomorrow's tone. That's the whole playbook. Right. Lock in your closing orders now. Tomorrow, watch 40 on Qtops first thing. We'll be back before the bell. Stay ABC traders. That's all for today's episode of Wave Rider Power Hour. Your final hour, Tactical Edge. See you next time.

Chapters

Regime Check

Closing Playbook

Tomorrow's Setup

Next Day Prep #335 Neutral

Try WaveFinder

Regime Check — Where Are We Now?

Strategy Signals — Continuation, Reversal & SIP

Closing Playbook — What To Do Now

Tomorrow’s Early Look

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