Power Hour #93: Breadth Cracks: Triage Before the Bell – Wednesday 8/26/2026

Welcome to wave rider power hour your final hour tactical edge. Let's dive in board says bullish So why did 54% of stocks just fall out of an uptrend in one session 60 minutes to the bell. Let's move Okay, so give it to me straight regime held or shifted honestly shifted hard This is a distribution day not a trending day right the headline still reads bullish though on the 4% count Yeah, but the internals just gutted underneath it. I mean how how bad? Percent of the 20-day 20% today versus 74% yesterday wait say that again 20 from 74 a 54-point washout in one session Oh, man, and the bull 4% count collapsed in 3 day 264 down to 96 Yeah, so the building looks fine from the street But the foundation just cracked exactly breath is the only gauge I trust today Right, so regimes flip defensive. What do we actually do with the next hour triage hold the strong cut the week enter almost nothing Yeah, totally. Okay, what are we holding bbwi of 7.2% to 1884 relative volume 2.2. That's the conviction name highest conviction reversal on the board It's holding the level keep it. Mm-hmm look what else you know what dk 67 55 up 1.4% refiner margins are strong and it fits the Energy rotation mm-hmm good, so basically what do we cut schwaab down 2.5% to 109 46 the reversal hasn't confirmed right right so treated as a Warning not a green light right next like NCI down 7% relative volume 3.1 that's a falling knife don't touch it Sure, you don't catch it you wait for the floor you wait for the floor exactly what about Dave It's up 5.7% and leading the continuation list Here's the thing don't chase it relative volumes 0.3 risk is 91.4% wait 91% risk 91 no volume support all flash It's the shaky ladder huh? Okay, anything else fading RBRK down 5.32% from the open despite a target race good headline bad tape the news says buy the charts has run faded yeah, what about sectors anything to trim I mean industrials and utilities they're at the sector strength floor right how week industrials reading negative 0.68 Utilities negative 1.87 take profits there mm-hmm, so is there anything worth entering tonight one name Args but only above 105 326 on rising volume. Okay, why args over Dave cleaner better financed It's the sturdy ladder you actually climb, but no confirmation no entry love it triage done So what changes for tomorrow's open one number tells the story where breath closes tonight yeah the 20-day reading right Close near 20% that's oversold bounce watch drop further deeper pullback confirmed right Okay, so it's the market checking its own it's own pulse before it decides to bounce a rollover exactly What else are you watching crude it swings the whole energy trade DK's strong on margins, but TNK slipped to 9132 on oil weakness Yeah, so they're diverging diverging hard that's the tail for energy tomorrow. Oh wow Any headwinds bleeding in an SAP downgrade and a CHWY target cut watch for spill over into software and retail sentiment And the level standing Argex above 105 326 dk above 675 5 Bbwi holds 1884 Clean So bottom line before the bell Breath cratered 54 points. This is triage not offense cut the unconfirmed hold the strong let tonight's close decide There it is trim the week protect what's working and watch that breath print at the close we're back tomorrow with the read Stay sharp. That's all for today's episode of wave rider power hour your final hour tactical edge See you next time