Power Hour #95: Breadth Break: From 46% to 10% in One Session – Friday 8/28/2026

Welcome to WaveRider Power Hour, your final hour tactical edge. Let's dive in. Wrath went from 46% to 10% in one session. This isn't a pullback, this is a regime flip. Let's get you positioned before the bell. Honestly, yeah, and fast. OK, so give me the one line read. What kind of day is this? I mean, reversal day, distribution. Percent above the 20 SMA cratered to 10 from 46 yesterday. That's a 36 point swing in a single session. Wait, 36 points in a day? In a day, like a tide going out fast. Yesterday, half the boats were floating. Today, it's 1 in 10. Oh, man. Yeah. And the sentiment gauges flipped hard. Bull 4% collapsed to 39 from 259. Bear 4% swelled to 218 from 112. That's a complete invert. Complete. Yeah. Leadership narrowed into communication services and health care while utilities and industrials are pinned right at the floor. Right. So the tape flipped. What do we actually do with our positions before the close? First, cut the extended tech, PANW at 382.85 trading lower, ALAB at 304.09, same story, both showing distribution. So both of those gone before the bell. Look, with only 10% of stocks above their 20 SMA, momentum longs have thin air beneath them. Mm-hmm. Standing on a ladder with the bottom rungs sought off. Exactly that. No support underneath you. Right. Okay. So what's still working? What do we? We hold insurance. AJG's up 3.1% at 268.29, Aeon up 2.2% at 357.36. That's the strongest continuation trade even on a risk off tape. Huh. So defense is quietly outperforming. Quietly, yeah. But here's the thing. Size small. This isn't a press your bets tape. Mm-hmm. And there's a signal in the scans too, right? So basically, this is the part that matters. Inverse ETFs are populating the bullish reversal scan. SDS at 54.20, SPXU at 34.33, SPDN at 8.50. Wait, the inverse ETFs are showing up as bullish reverse? That's the market telling on itself. When the shorts are the setups, you protect capital first. Oh, wow. That's wild. I mean, it's the whole story in one signal. Okay, so anything worth entering here? Anything at all? Look, one, and it's conditional. SUNB at 72.88 tops the reversal list, relative volume 3.1, but it's still red. So not yet. Not yet. It needs to reclaim 72.88 to confirm. No reclaim, no trade. Got it. Trim tech, hold insurance small, watch SUNB. So what is this setup for? For tomorrow. PANW and ALAB are your canary in the coal line. How they open tells you everything. Meaning what exactly? A sharp reclaim tomorrow says today was a one-day flush. Continued weakness confirms the breath break is real. Right, right. Yeah. And SUNB carries over. SUNB carries over. Reclaim of 72.88 is your legitimate reversal trigger. And A on above 357 is a low volatility grind higher, ATR just 0.6. So a slow boring climb. Boring is good on this tape, honestly. Yeah, totally. What about a clean SPY level to lean on? There isn't one today. That's the point. You trade the internals, not a price level. Until when? Until percent above the 20 SMA climbs back toward the 40s. Below that, the outlook favors cash and defensives. So the plan actually changed today. It changed, we went from constructive to defensive, full stop. Mm-hmm. OK, let me bring it home. Trade the internals, not a price level, until breath recovers toward the 40s. Protect capital, cut the extended tech, and let insurance and confirmed reversals do the work. That's it. Let the tape prove itself. Sure. So trim your extended tech before the bell, keep size small on the insurance longs, and watch P-A-N-W-A-L-A-B and SUNBs open tomorrow for your confirmation. That's the power hour. Go protect your capital. That's all for today's episode of Wave Rider Power Hour, your final hour, Tactical Edge. See you next time.