Power Hour #51: Regime Shift: Cut Tech, Buy Miners – Tuesday 6/2/2026

Welcome to WaveRider Power Hour, your final hour, tactical edge. Let's dive in. Did you know the percentage of stocks above their 20-day average just collapsed from 146% to 86% in a single session? That is not a correction. That is a regime. Shift. Oh, absolutely. Honestly, that 60-point drop is the smoking gun. We are officially in a high volatility reversal day now. Mm-hmm. I mean, wait, really? Because sentiment is sitting at 4% bearish. Mm-hmm. That's the anomaly. The market looks resilient on the surface, but the breath is shaking violently, like a car hitting a pothole while the speedometer hasn't even dropped yet. Right. Right, right. So the suspension is broken, but the needle says we're fine. And the volatility… Honestly, it's insane. The ATR for technology is in the 90th percentile at 5.57. We are seeing massive swings. Yeah. So the regime is broken. What are we doing with our positions? Right now. Look, we need to execute the action code, Controlled Risk Taking, or CRT. It's active. You have to cut immediately. Oh, wow. Who's getting the ax? You know what? Intuit and OKTA. Intuit got a Goldman downgrade with a target at $353.76. And OKTA is just fading support. Get out now. Got it. Cut INTU and OKTA. No hesitation. What about holding anything? Yeah. Hold the mining sector, specifically AA. It's at $83.82, up 7.8% with 1.6 R vol. It's an aggressive breakout. Mm That wild A divergence right there Tech is shaking Miners are surging Exactly It sector rotation in real time But here the kicker There a capitulation signal on XMTR Right. Oh, that's interesting. XMTR dropped 10 percent? Down 10.0 percent to $85.68. But look at the volume. 3.1 R vol. That's the bottom you've been waiting for. Yeah, totally. So we enter? Only if it holds above $85. That is the line. If it breaks that, the signal is void. Sure. OK, so hold AA, cut INTU and OKTA, and watch XMTR at $85. What if we execute this pivot? Then we survive. But if we don't, we get crushed tomorrow. The levels for tomorrow are non-negotiable. Oh, man. What are those levels? Breath must hold above 80% by close. If it dips below that, the beach is gone. Mm-hmm. And for the midday recovery? It has to recover above 90% by midday to avoid a choppy regime. Anything else is just noise. Right, right. And XMTR? Must hold $85. If it does, we confirm the buy. If not, we sit on our hands. Exactly. I mean, utilities are sitting at negative 1.85 on the trend. Is that a rotation hint? Could be. But right now, the focus is on the 80% and 90% breadth thresholds. That's the only thing that matters. Right. So the plan is clear. Cut the losers, ride the miners, and watch the levels. Precisely. Execute the orders before the bell, then monitor the 80% threshold tomorrow morning. Yeah, that's the plan. Cut the losers, ride the miners, and watch the levels. I'm the host, and this is WaveRider Power Hour. Trade safe. That's all for today's episode of WaveRider Power Hour, your final hour tactical edge. See you next time.