Power Hour #124: Power Hour: Breadth Flips Bullish, Eyes on OKTA’s $220 Line – Friday 10/9/2026

Welcome to wave rider power hour your final hour tactical edge. Let's dive in yesterday it was 177 bears to 93 bulls right now that ratio just flipped we've got 60 minutes to the bell what do we hold what do we cut then where's tomorrow's yeah where's tomorrow's trade that's the big question okay so first question did today's tape hold or did it shift on it definitely shifted breath above the SMA climb to 28.1% from 24.86% that's a plus 3.2 point gain and the bull bear flipped clean 122 to 93 today versus that ugly 177 bull to 90 bear yesterday right so we're grain but is this no here's the thing only 28% of names are above the 40 this is a selective trend day not a breakout for everybody right like a type coming in but not every boats up yet exactly that yeah totally okay selective trend days so let's get tactical what are we holding into the clothes MRNX it's the momentum leader up 23.1% at $177.26 on our vol of 1.5 hold it if it keeps those gains into the bell I mean 23% is it too late to chase look you don't chase it you hold it let it tell you fair what else FF IV above $480 and ELV above $415 lower beta institutional and they confirm the healthcare and computer sector strength so basically those are the steady ones yeah right MRNX is the sprinter FF IV and ELV are the pay setters you actually trust to finish love that okay what gets cut sure CD down 17.1% risk score 275% and ALHC down 13% risk 197.7% these are falling knives no bounce yet no confirmed bounce do not average down into the bell like grabbing a bus that's still accelerating oh man honestly yeah you wait for it to stop you know what anything else on the cut list AVNT down 6.4% faded don't carry it overnight right done now anything worth entering late one name QVCG up 1% at $12.93 but look at the volume our vol 3.7 I mean wait really 3.7 3.7 that's the one reversal with real volume behind it everything else is just noise see that's the thing volume confirms or it it doesn't that's the whole game right right okay holds cuts one entry so what's lining up for the moral so watch the software upgrade cluster okay T.A. at $220.21 price target just raised to $245 and the level hold above $220 that sets up continuation right out of the gate anything stacking next to it SAIL up 2.98% from the open so you've got a security software rotation forming alongside okay T.A. Oh that's interesting so today's health care leadership is rotating into software yeah it's the natural next leg like several refs independently making the same call exactly it adds weight yeah okay so regime outlook does today change tomorrow's plan it tilts us constructive the plus 3.2 point breath gain and that bull bear flip argue for carrying longs overnight but only if breath stays green into the clothes only if oh wow only if and still favor leaders we're at 28% above the 40 that's a few strong swimmers pulling ahead not everyone in the pool so trade the swimmers not the pool you got it right okay let me bring it home breath is quietly improving hold your confirmed leaders m-r-n-x-f-f-i-v-e-l-v cut the unconfirmed breakdowns c-d-a-l-h-c and carry longs overnight only if breath holds green yeah exactly that's the desk call watch that $220 level on Okta at the open tomorrow and check breath before you hold anything overnight that's it from the power hour 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