Power Hour #27: Filtering the Weak — Momentum Over Breadth – Wednesday 4/22/2026

Welcome to WaveRider Power Hour, your final hour, Tactical Edge. Let's dive in. Honestly, breath collapsed today, but the market's not dead. It's just culling the weak, like a highway losing lanes mid-journey. Traffic still flows, but only in the fastest lanes. So what's actually strong here? Mm-hmm, exactly. Percent above 20 SMA dropped 14 points to 58 percent. Sharp contraction, but not a top. Tech and medical are leading, with ATR percent M at a hundredth and 95th percentile. Right. Wait, utilities ATR at negative 1.09? Yeah. Look, yeah, lowest in nine months, but sentiment stable. Still 4% bullish. No panic, just rotation. Mm-hmm. Right, right. So this isn't exhaust— Exactly. Top-tier momentum's rising even as breath narrows, which feels counterintuitive, but exactly. Okay, so, mm-hmm. Okay, and what about enter? Where's the real signal? Cool. Hold. AVGO above VWAP, RVOL 1.0 plus 4.4%. Keep it. MSFT at plus 1.6%. RVOL 0.7. Software's holding. Right. Got it. What do we cut? So basically, C-A-L-X and M-G-R-C, post-earnings reversal attempts, failing. Bearish sips persist, but price is refusing to bounce. Yeah. Mm-hmm. And enter? A-V-G-O greater than $421.50 and J-I-B-O greater than $26. Both have institutional accumulation and R-V-O-L over 0.9. Confirm and go. Oh, wow. J-I-B-O is at $25.42 now, plus 10.4%. Right And ATR at 10 High risk high reward breakout You know what Wait This is exactly like a sprinter Only the strongest break away The rest get dropped from the pack Yeah, totally. Mm-hmm. Sure. So if the market's narrowing, what's brewing overnight that could shift tomorrow's? I mean, March PCE drops April 23 morning. Inflation cooling equals biotech chips acceleration. AVGO and J-IBO could see 2 to 3 percent pop. Mm-hmm. Oh, wow. And MSTZ, it's at $1.5466, down 16.9 percent, right? Yeah. Has institutional accumulation, 3.2K, bearish SIPs peaking, reversal only if volume greater than 1.9 MA average. Like, so it's not a reversal yet. Here's the thing. Nope. Regime outlook, neutral to bullish. selective opportunity, not broad market move. Huh. So if PCE cools, AVGO and J-I-B-O won't just hold. Right, right. They'll lead the rotation. That's the edge. Oh, man. Right, right. And that's exactly why we're watching PCE, not SPY. Yeah. And what's wild is how quiet SPY is while these leaders search. Mm-hmm. Exactly. So remember, the market's not broken. It's just filtering, Trade the momentum, not the... Mm-hmm. And confirm those breakouts before the close. AVGO over $421.50 or J-I-B-O over $26. Exactly. Action code. 2Lynch. Continuation breakouts in chips, biotech, soft... And watch PCE for tomorrow's inflection. Cool. Thanks, Algenib. Anytime. Yeah. This is Gakrooks signing off from the Power Hour. Stay sharp. Wave writer. That's all for today's episode of Wave Writer Power Hour, your final hour tactical edge. See you next time.