Power Hour #77: Breadth Thrust: AXON Anchors a Bull Stampede – Monday 8/3/2026

Welcome to Wave Rider Power Hour, your final hour tactical edge. Let's dive in. 272 bowls, 26 bears, that's not a tilt, that's a stampede. 60 seconds to the close, let's get into it. Okay, so one word, what's the regime? Bullish. Bread thrust confirmed. Give me the number. Percent above the 40 day jumped to 60.28 from 54.54. That's a plus 5.7 point move in one session. Whoa, and sentiment? Flipped hard. Yesterday, it was 154.208, almost balanced. Today, it's 272 bowls versus just 26 bears. Wait, 26? 26. That's a stampede, like you said. Who's leading? Communication services and consumer discretionary out front. Offense. Utilities dead last, sitting at the zeroth percentile. Mm-hmm, so defensives are bleeding. Bleeding out, yeah. This is a trending bullish tape into the bell. Okay, tapes bullish, so what do we actually do with the next hour? What do we hold in? AXON. It's at 571.78. Up 8.3%, institutional footprint all over it. Cleanest continuation on the board. That's the anchor. That's the anchor. Hold it into the bell. Anything else holding? BSX up 1.68 from the open. OWL up 0.47, both holding gains on upgrades. And watch AZN down 7.2%. Down 7, you're buying that? No, no, reversal watch, not a chase. Let it base first. Right, okay, what do we cut? C-T-V-A and W. C-T-V-A is down 6.45 from the open. W down 4.85, both fading despite bullish headlines. Great, bullish headlines and they're still down? That's the tell. Good news, no follow-through. Trim into weakness, don't hope. See, that's the thing. Price confirms the story or it doesn't. Exactly. News alone means nothing here. Anything to enter late? Eat and DPC. Both up 4% retail strength. Starter positions only. Only if they hold into the bell. If they hold into the bell, you got it. And the index levels, SPY, QQQ. Unavailable today, so you trade the breath, not the tape. Trade the breath, I like that. It's the whole game today. The participation's broadening. It's a tied lifting every boat in the harbor not two names carrying the move. Mm-hmm. Okay, so hold AXO-N, cut C-T-V-A and W. This is bias carry into tomorrow. It does, but there's a catalyst first. Supen. Earnings plus merger news overnight. Ooh, that's the one to watch. That's the one. Better Q2 results and a merger on the same tape. Watch the reaction for follow-through. And AXO-N tomorrow? If it holds above 571.78, that sets up a T3A continuation pattern right into the open. Same level. Clean. Same level. And keep COF on the radar. 218.16, up 4.4%, coiling and finance. Breakout extension candidate. So the plan stays long. Long biased, yeah. That 5.7 point thrust earns you the green light. But? But the sentiment's extreme. 272 to 26 doesn't stay stretched forever. So tight stops, controlled risk. Green light with a speed limit. Green light with a speed limit. Don't floor it. Honestly, that's the perfect way to put it. Bias stays green. Risk stays tight. That's the close. So let's land it. Breath thrust confirms buyers are in control. Hold AXO-N, cut C-T-V-A and W. Carry the long bias into tomorrow. With those tight stops. With tight stops, green light tonight, speed limit tomorrow. Watch AXO-N above 571.78 and S-U-P-N's reaction before the open. That's the close. See you at the bell tomorrow. That's all for today's episode of Wave Rider Power Hour. Your final hour, tactical edge. See you next time.