Power Hour #58 Bullish

Power Hour #58: Market Flips: The 427-to-70 Bull Shift – Thursday 6/11/2026

June 11, 2026 3:33

Tickers Mentioned

ASML ORCL INTC AIR CPNG FSP TVGN RSPF RSPS ASYS

Episode Summary

The market has rapidly shifted to a 'Very Bullish' regime with a 427-to-70 sentiment ratio. Host and Analyst break down the decisive breadth expansion, identify Financials and Staples as the new leaders, and issue an urgent call to cut short positions in ASML and AIR.

Key Takeaways

Sentiment hit Very Bullish 4% with 427 Bull vs 70 Bear ratio
Financials and Consumer Staples reached 100th percentile strength
ASML leads continuation with 7.3% gain and 1.7 RVOL
ORCL drops 9.4% post-earnings, creating reversal opportunity
Breadth expanded as 40 SMA coverage rose 3.6pp to 55.96%

Power Hour Brief: 2026-06-11

Regime Check — Where Are We Now?

Market breadth has expanded significantly since open, with sentiment hitting a “Very Bullish” 4% reading while the 40-day SMA coverage jumped 3.6 percentage points to 55.96%.

Breadth direction is sharply expanding, as the percentage of stocks above the 40 SMA rose from 52.34% yesterday to 55.96% today.
Financials and Consumer Staples are leading the charge, both hitting 100th percentile strength with Financials at 1.82 and Staples at 1.64.
Today’s character is a continuation breakout day, driven by a massive shift in sentiment from yesterday’s mixed 157 Bull/209 Bear count to today’s 427 Bull/70 Bear dominance.

Strategy Signals — Continuation, Reversal & SIP

The strongest 2LYNCH continuation signal is ASML at $1861.47, up 7.3% with 1.7 RVOL, leading the Chips sector higher.
A critical Reversal setup is ORCL at $182.25, down 9.4% after Q4 results, offering a potential mean-reversion entry if it stabilizes near $180.
SIP leaders like INTC ($107.04) are holding gains following a rating upgrade, while CPNG ($15.12) is failing on data fine news.
The most relevant action code is PLASTICS, as Financials and Consumer Staples are decisively outperforming with 100th percentile ATR rankings.

Closing Playbook — What To Do Now

CLOSE any short positions in ASML or AIR ($125.09) before the bell, as their 7.3% and 6.6% gains respectively show strong momentum.
ENTER a long position in Financials sector ETFs if the sector holds above 1.82 ATR value, confirming the 100th percentile breakout.
With SPY/QQQ/IWM data unavailable, monitor the 40 SMA breadth level; if it holds above 55.96% into the close, expect trend continuation tomorrow.

Tomorrow’s Early Look

Watch for overnight reaction to ORCL‘s earnings fallout and whether the software sector stabilizes or drags the broader market down.
A setup is forming for INTC at $107.04; a break above today’s high could signal a sustained recovery in the semiconductor space.
The regime outlook remains bullish given the 427 Bull/70 Bear ratio, suggesting today’s momentum will likely carry into the open.

Welcome to WaveRider Power Hour, your final hour tactical edge. Let's dive in. Did you catch that 427 is 70 bull to bear ratio shift? Oh, yeah. Mm-hmm. I mean, the market isn't just rallying. It's flipping a switch to very bullish overnight. Exactly. And that 4% sentiment reading? That's the smoking gun. Wait, really? Yeah, totally. We went from mixed sentiment to dominant bullishness in the blink of an eye. Right. So how do we quantify that breadth expansion? Well, look at the 40-day SMA coverage. It jumped 3.6 percentage points. Mm-hmm. Right. From 52.34% yesterday to 55.96% today, that is a decisive shift. 55.96% per— Right. And with a 427 bull to 70 bear count, the new dominance is confirmed. Yeah. Okay, so with the regime confirmed, which sectors are actually leading this charge? See, this is where it gets wild. Financials and consumer staples are at 100th percentile strength. 100th percentile? Yeah. Financials at 1.82 and staples at 1.64. Oh, wow. That's insane. Honestly, it's a plastics code signal. Decisive outperformance. Money's flowing like water into the highest ground. Right, right. So what are we holding into the clothes? You need to cut shorts immediately. ASML is at up 7 Oh man Exactly And AYR at up 6 Holding those shorts right now is a fatal error. Cut them now. Precisely. Close them. Then enter financials and staples. Mm-hmm. What about the tech names? Monitor Oracle at $182.25. It's down 9.4%. Watch for failure. But Intel at $107.04 is the critical pivot. Hold that level? Yeah. If Intel holds $107.04, the setup is solid. Got it. And tomorrow? Look, regime outlook remains very bullish. The rotation into financials and staples is expected to continue. Hmm. But that divergence between strong ASML and weak ORCL… Oh, that's the thing. it illustrates the split within tech despite the broader bullish regime. I mean, that's a huge risk if you're just buying the index. Right, right. You have to be specific. Okay, so the plan is clear. Cut the losers, ride the leaders. The leaders, precisely. Hesitation costs momentum in this environment. And if you're sitting on those shorts? You need to execute immediately. Don't wait for the open. Got it. Close shorts, enter the leaders, and be ready for the open. That's the play. Yeah. The market has flipped a switch. Execute the sector rotation now. Agreed. Thanks for the clarity on the 427 to 70 shift. Anytime. Sure. Stay sharp and we'll see you at the bell. See ya. That's all for today's episode of Wave Rider Power Hour, your final hour tactical edge. See you next time.

Chapters

Regime Check

Closing Playbook

Tomorrow's Setup

Morning Dose #296 Bullish

Try WaveFinder

Power Hour Brief: 2026-06-11

Regime Check — Where Are We Now?

Strategy Signals — Continuation, Reversal & SIP

Closing Playbook — What To Do Now

Tomorrow’s Early Look

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