Power Hour #75 Bullish

Power Hour #75: Full Inversion, Half Confirmed: Trading the Bounce – Monday 7/27/2026

July 27, 2026 5:00

Tickers Mentioned

REGN CTAS OVV CBRL ENTX USO NDLS UFPT FIVE UVE

Episode Summary

Breadth flipped from 127 bulls to 319 in a single session, but with only 20% of stocks above their 20-day average, the analyst calls it an unconfirmed reversal, not a trend. The episode breaks down which names to hold (REGN, CTAS, UFPT, FIVE), which faded moves to cut (NDLS, MSS, LODE), why energy longs are off the table except OVV, and the exact breadth and CBRL price triggers that will confirm or kill the bounce tomorrow.

Key Takeaways

Bull 4% flipped 127 to 319 in one session
Only 20% of names above 20 SMA — bounce, not trend
Tech at 5th percentile, Consumer Discretionary at 100th
REGN and CTAS are the institutional continuation buys
Energy sector deteriorated sharply; OVV is the exception

Regime Check — Where Are We Now?

The regime flipped overnight. Bull 4% surged to 319 against 192 Bear 4% today, a full inversion of Friday’s 127 bull / 309 bear reading — that’s a violent internal reversal, not a drift.

Breadth is expanding, but only at the intermediate level. % Above 40 SMA climbed to 62.11% from 59.56% (+2.5pp), while % Above 20 SMA barely budged to 20% from 18% (+2.0pp) — the medium-term trend is intact, the short-term is still deeply washed out.
Leadership is rotating out of Tech. RSPT sits at -1.4, the 5th percentile of its recent range and near the -1.47 low set on July 16 — meanwhile Consumer Discretionary (RSPD) printed +0.37, its highest reading in the entire window at the 100th percentile, with a +2.27% daily change.
Character: reversal day. Communication Services snapped back from -1.66 to -0.77 (+1.99%), Staples jumped +1.70% and Health Care +1.15% — broad participation off a washed-out base, not a narrow momentum grind.
Index levels unavailable. SPY, QQQ and IWM price and SMA data are not available for today — I will not guess levels, so all index-based decisions below are framed around breadth instead.

Strategy Signals — Continuation, Reversal & SIP

Strongest continuation is ENTX at $3.80, +85.4% on 165.1 RVOL — that is a Big Bang Theory volume event, but with ATR%-M of 14.7 and a 329.6% risk stamp it is a spectator sport into the close, not a size trade.
The tradeable continuations are the institutional names. REGN at $673.54 (+2.7%, RVOL 0.8, INST) and CTAS at $211.52 (+2.7%, RVOL 0.8, INST) are the only two 2LYNCH signals carrying institutional sponsorship out of 46 total. UFPT at $246.37 (+3.9%) and FIVE at $207.32 (+2.0%) round out the quality tier.
Reversal book is thin and low-conviction. REPL at $8.52 is down -12.1% on 3.4 RVOL — that is a knife, not a base. AGPU at $7.78 (+13.6%, RVOL 3.1) is the only reversal actually printing green. CBRL at $52.04 (-3.1%, RVOL 1.8) is the cleanest structural setup if it stabilizes.
SIP scoreboard: energy holding, everything else fading. OVV at $63.14 posted better-than-expected Q2 sales and sits just -0.5% off its 52-week high, up 2.85% from the open — that one held. UVE at $41.58 is +6.74% from the open on a Q2 beat. The failures are ugly: LODE -20.13% from the open, MSS -38.77% from the open after a +16.93% gap, and NDLS gapped +24.45% then gave it all back to -0.07% from the open.
Action codes today: BBT and CRT. Big Bang Theory is live via ENTX‘s 165x relative volume, but Controlled Risk Taking rules the day — with only 20% of names above their 20 SMA, this is a bounce inside a short-term downtrend until proven otherwise.

Closing Playbook — What To Do Now

CLOSE: Any gap-and-fade you’re holding. NDLS round-tripped a +24.45% gap to flat from the open and MSS shed -38.77% intraday — if your position opened strong and is now sitting on the open price, that’s distribution, and it should not go home with you.
CLOSE: Energy longs bought last week deserve a hard look. RSPG dropped from 1.58 to 0.38 (-1.82% daily change), the sharpest single-day sector deterioration on the board, and USO at $136.68 is -0.76% from the open on a -1.27% gap with the note “Oil trading lower on pause.” OVV is the exception — a name -0.5% from its 52-week high on a beat earns its hold.
ENTER on confirmation: REGN at $673.54 and CTAS at $211.52. Both are institutional continuation signals with modest RVOL near 0.8 — that means no crowding yet. Take a starter into the last 20 minutes only if they close in the upper third of the day’s range; otherwise wait for tomorrow.
The key level is breadth, not price. With SPY/QQQ/IWM data unavailable, use the 20 SMA breadth reading as the tell: 20% today. If tomorrow pushes above roughly 25-30% while 40 SMA holds over 60%, the reversal has legs. If 20 SMA breadth rolls back under 18% — Friday’s number — today was a one-day short-covering pop.

Tomorrow’s Early Look

Watch oil overnight. USO‘s “lower on pause” note plus the RSPG collapse means energy is the swing factor — if crude stabilizes, OVV at $63.14 breaking to a new 52-week high is the cleanest continuation on the board.
Setup forming: CBRL at $52.04. It’s a bullish reversal candidate down -3.1% on 1.8 RVOL with a positive 3.6 ATR%-M — a green open above $52.04 tomorrow is the trigger; below it, skip it.
Regime outlook: upgrade to cautiously constructive, not aggressive. The Bull 4% swing from 127 to 319 in one session is real, but 80% of names still sit below their 20 SMA. Trade the strong sector — Consumer Discretionary at the 100th percentile — and avoid Tech at the 5th percentile until RSPT lifts off -1.4.
Position size accordingly. One-day breadth inversions are frequently retested. Half-size starters, defined stops, and let tomorrow’s first hour confirm before you press.

Welcome to Wave Rider Power Hour, your final hour tactical edge. Let's dive in. 127 bulls to 319, 309 bears to 192, full inversion in one session. In one session. But only 20% of stocks are above their 20-day. Real turn or trap? That's the whole question into the close. Let's get tactical. One line, what's the regime? Reversal day, not a trend day. And honestly, not confirmed yet. Give me the breath behind that. Percent above the 40-day pushed up to 62.11% from 59.56%. That's intermediate breadth genuinely improving. Okay, that's real. It is. But percent above the 20-day, 20% up from 18. 20? 20. So 80% of names are still under their short-term average. So the scoreboard flipped, but the... But the underlying trend didn't. exactly. Right. So if it's not confirmed, what do we actually do into the close? Hold quality, cut fades. That's the whole playbook. What are we holding? REGN at up 2 CTAS at also seven percent those are the only two institutional sponsored continuation names on the board today out of how many forty six signals two institutional oh wow two two and relative volume on both is 0.8 which means nobody's crowded in yet Nobody's crowded in yet. That's the tell. Keep them. Anything else on the hold list? UFPT up 3.9%, 5 up 2.0%. Consumer discretionary is where the money moved today. And tech? Tech's setting at a multi-day low. Money literally got up from one table and sat down at another. In one session? In one session, yeah. Okay, what do we cut? NDLS, gapped up 24.45%, faded all the way back to minus 0.07% off the open. That's the whole move gone. That's the whole move gone. That's distribution and it should not go home with you. Anything else in that bucket? MSS, down 38.77% off the open. Load, down 20.13% off the open. Same pattern. 38 38 Oh man Rocket launches runs out of fuel lands right back on the pad If you still holding it when it lands that on you Fair. Sectors, anything you're cutting wholesale? Energy longs. Broadly. Why? The energy REIT cratered from 1.58 to 0.38 intraday, sharpest sector deterioration on the board, and USO gapped down 1.27%. Any exception? 1. OVV at $63.14, up 2.85% off the open, half a percent from its 52-week high on a Q2 beat. That one stays. That one stays. Everything else in energy, flat by the bell. What about ENTX? Up 85%, right? 85.4 on 165 times relative volume. Wait, 165 times? Yeah, and I'm telling you not to touch it. Really? It's fireworks. Great to watch. Don't stand under it. Spectator sport into the clothes. Not a size trade. Got the playbook for tonight. What changes it tomorrow? Two numbers. One breath, one ticker. Breath first. If percent above the 20 pushes above roughly 25 to 30 while the 40 holds over 60 the reversal has legs Size up and if it doesn if it rolls back under 18 today was a one day short covering pop stay defensive under 18 got it the ticker cbrl 52.04 down 3.1 percent today on 1.8 relative volume trigger green open above 52.04 tomorrow You're long. Below it, you skip. No guessing. I like that. Overall stance? Cautiously constructive. Half-size starters. Define stops until breath confirms. Because one-day inversions get retested. They get retested constantly. Let tomorrow's first hour do the work. Okay, so that's the call. The flip is real, but with 80% of names still under their 20-day, this is a bounce inside a downtrend until proven otherwise. Trade the quality, cut the fades, wait for the confirmation. Watch the 20-day print at the open, check CBRL against $52.04 and size half until it's confirmed. That's the Power Hour. We'll see you at the bell. That's all for today's episode of WaveRider Power Hour, your final hour tactical edge. See you next time.

Chapters

Regime Check

Closing Playbook

Tomorrow's Setup

Midday Wave #78 Bullish

Try WaveFinder

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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