Power Hour #50: Squeeze Alert: Pivot to CDNS and Close Shorts – Monday 6/1/2026

Welcome to WaveRider Power Hour, your final hour tactical edge. Let's dive in. Sentiment is at 4%. The market is screaming squeeze. Do we hold or run? We run. Close the shorts and jump on CD&S before the bell. Wait, really? The breath is contracting, right? Yeah. Percent above 20 SMA dropped to 121%. But the regime is still very bullish. Absolutely. It's like a sprinter slowing their stride but still running at full speed. I mean, that 6.0 percentage point drop in percent above 40 SMA though? That's just cooling, not reversing. It fell to 50.18%. So the real trigger is the bull-bear ratio. Exactly. It's 312 to 125. That's the squeeze engine firing up. Okay, so if the squeeze is real, what are we doing in the next 60 minutes? We pivot immediately. Cut all short positions in technology and communication services. Just cut them? No wait and see? No. The squeeze risk is too high. Get out now. And what about entries? Look at CDNS. It's up 9.2% with 2.2 R vol. That volume is insane. It is. It signals a massive institutional breakout. So we buy in? Partial position only if it holds above $405. Current price is... $409.22. You looking at jumping on the last train before the doors close Oh that the thing If you miss it you stuck on the platform Right right But if you in you ride it What the failure signal if we get this wrong Watch technology ATR If it drops below 4 the breakout fails Hard stop. Got it. Hard stop. So we've acted for today, but what sets the stage for tomorrow? Tomorrow hinges on earnings follow-through. Watch SAIC and EWTX. And the big one? Dell. It's at $420.91, but it must hold $415. $415 is the line in the sand. Exactly. That confirms the XPS 13 trend. What if it doesn't? If 40 SMA breadth stays below 52%, we see a rotation. Into where? Consumer discretionary is likely. Money moves from a sinking ship to the fastest lifeboat. Speaking of sinking ships, utilities hit a new low? Yeah, RSPU is at negative 2.4. That's wild. So the rotation is already starting? Potentially, but for now, the leaders are tech and comm services. Okay, hold that thought. So the plan is clear? Clear and simple. Execute the CDNS entry above $405 and close all short exposure before the bell. And review Dell's $415 level at the open. That's the plan. Close the shorts, chase the momentum, and stay disciplined. That's the trade. This is the WaveRider Power Hour, trading until the bell. That's all for today's episode of WaveRider Power Hour, your final hour tactical edge. See you next time.