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Power Hour #34 Bullish

Power Hour #34: Regime Shift Confirmed: 95% Breadth, Energy Leads – Tuesday 5/5/2026

May 5, 2026 4:16
Episode Summary
Breadth surges to 95% above 20 SMA, signaling a confirmed regime shift from neutral to bullish. Host and analyst break down today’s closing plays, key levels to watch (APTV $55), and tomorrow’s setup anchored in Energy leadership.
Key Takeaways
  • Market breadth expands significantly.
  • Energy sector displays leading strength.
  • Consider FTRE for continuation play.
  • Potential reversal setup in APTV.
  • Monitor Energy prices overnight.
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Power Hour Brief: Riding the Bullish Wave into the Close

Regime Check — Where Are We Now?

Today’s market shows a bullish shift as sentiment moves to 4% Bullish from neutral Sentiment 40SMA.

  • Market breadth is expanding significantly, with 95% of stocks above their 20 SMA today compared to 56% yesterday and 68.1% above their 40 SMA, a +4.1pp increase from yesterday’s 64.01%.
  • Energy (RSPG) is a leading sector, with a current value of 2.31 and a percentile rank of 100, while Health Care (RSPH) lags behind with a current value of -1.57.
  • The overall character of today is a strong bullish trend, showing a significant reversal from prior sessions.

Strategy Signals — Continuation, Reversal & SIP

  • FTRE shows a strong continuation signal (2LYNCH), priced at $14.91 with a 21.7% change and RVOL of 2.9.
  • APTV presents a reversal setup opportunity at $55.97, down -6.0% with RVOL of 2.8.
  • EOLS indicated better-than-expected Q1 sales is holding near its price of $5.58.
  • PLASTICS may be relevant today as Energy (RSPG) shows strength and Consumer Staples (RSPS) and Materials (RSPM) demonstrate relative strength.

Closing Playbook — What To Do Now

  • Consider closing any PYPL positions before the bell, given that it is showing a reversal signal at $45.93, down -8.8%.
  • If FTRE continues its momentum, consider an entry near the close above $14.91.
  • Index update: SPY data is unavailable.

Tomorrow’s Early Look

  • Watch for any overnight news impacting Energy prices, given sector strength.
  • Look for a potential BTFD setup in APTV if it shows signs of stabilization around $55.00 area.
  • Today’s bullish action suggests a continuation strategy may be appropriate for tomorrow, but watch for profit-taking.
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