Power Hour #90: Breadth Flush, Steady Trend: The Final-Hour Playbook – Friday 8/21/2026

Welcome to wave rider power hour your final hour tactical edge. Let's dive in okay So breath just fell 15 points in one session. Is this a flush or the start of something worse? 60 minutes to the bell. Let's get tactical Okay, so one breath what's today's tape trend chop or reversal? Honestly two-sided rotation the 4% thrust flipped green 189 bowls versus 50 bears, but but percent above the 20-day SMA collapsed at 38 from 53 yesterday. That's a 15-point drop in a single day Whoa, so the surface is cracking. Yeah, the surface. Yeah under the hood the short-term froth is flushing hard Mmm, and the bigger trick still intact the 40 days holding at 51.9% barely moved So it's like the tide going out fast while the ocean still still calm exactly then near-term flush Intermediate trend fine not a clean trend day though, right? So short-term's cracking big pictures fine. What does that mean for the next 60 minutes? What do we hold cut and buy start with the cut list? It writes itself Right go RSPU utilities down 1.67% sitting at the 0th percentile falling trend exit before the bell got it done What else RSPN industrials also 0th percentile ATR minus 0.40 the rotation's actively against it Anything on earnings two fades ELTK sentiment minus two on a week Q2 and pony minus one on a mixed Q2 Right, right. So don't carry dead weight overnight. It's like holding a sinking anchor. Just let it go Yeah, totally. All right, okay flip it. What are we holding NCTY up 25.9% on 1.4 relative volume Leading a 108 name continuation list strong volume keep it. Oh wow 25% that's real. You know what? That's real then the institutional stuff TPL at 384.86 up 4.1 and MATX at 224.22 up 3.4 And those are holding above their levels clean above key levels. It's like a runner keeping pace in the final stretch confirmation Not exhaustion. I like that. I like that. What's the theme tying it together? I mean home improvement retail HD sentiment is plus two dragging low up to plus one Veeves getting a price target race too. Yeah So lean into the leaders not the tape not the tape. That's the whole game today Exactly. So basically now anything to actually interlate one and only on confirmation What is it OSIS down 8.9% on 10.8 relative volume a high volume washout Wait down almost nine and you want to want to buy it like only if it reclaims 200 not a penny before That's the line in the sand. I mean got it and the sector overlay behind all this healthcare is at the 100th percentile Dead max energy 89th materials 89th and up 2.25% today Hmm So money's rotating into defensives and hard assets hard assets out of the exposed cyclical neighborhoods into the fortified district Exactly right Okay OSIS at 200 is the trigger what happens if it crosses and what's the plan for tomorrow cross 200 and today's flush becomes a launch pad Watch it pre-market sure and TPL TPL stays the clean continuation trigger above 384.86 same setup carry it forward What are we watching overnight follow through into defensives and crude link names same leaders next session and the regime regime call Here's the thing that 20-day breath at 38 has to stabilize if it doesn't we risk a distribution signal Oh man So the plan is Stay abc always be in control until breath holds above 38 don't chase Trade the internals not the index That's the takeaway cut the zero with percentile laggards hold the leaders wait for confirmation Look perfect cut the dead weight hold your leaders watch 200 on OSIS and 384.86 on TPL Stay in control. We'll 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