Power Hour #96: Breadth Breaks: Distribution Day Playbook – Monday 8/31/2026

Welcome to Wave Rider Power Hour, your final hour, Tactical Edge. Let's dive in 11%. That's how many stocks are still above their 20-day average right now. Sellers just grabbed the tape in the last hour. Let's get you positioned before the bell. Okay, so straight to it. Did the regime hold or did it break? It broke. Clean. Right. How clean? 20-day breath cratered to 11% from 19%. That's down 8 points in a single session. Yeah, I mean, oh wow. And the 40-day dropped to 41.5 from 51, down 9.5. Mm-hmm. So this isn't a wobble, this is. It's distribution. Not a trend day, a reversal day. Sellers to control. So give me the bull bear then. Bull 4% collapsed to 53 from 76. Bear 4% surge to 111. Oh wow. Yeah, that's a hard flip. Both sentiment reads the 4% and the 40-day now print bearish. It's risk off. Exactly. Right. Like the tide going out fast and everything stranded. Exactly that. Okay, so if breath just broke, what do we do in the next hour? What are we holding? Hold Veeve 288.64. Up 4.3%. Right. Volume. Light actually. Our vol.7. But it's grinding into the highs. Watch for strength into the close. Yeah. Mm-hmm. Honestly, what else? SLB 5733. Up almost 4% off the open. Live acquisition catalyst plus energy tailwind. Mm-hmm. So that's a hold or an ad. Both. Hold it above today's range and you can add small. It's the cleanest name on the board. Sure. You know what? Love it. Now what are we cutting? Industrials and utilities. Full stop. Right. How bad? RSPN minus 1.59. RSPU minus 2.51. Both 0th percentile and still falling. Oh man. 0th percent? Rock bottom. Capital is fleeing those groups. Don't stand in front of it. And single names to dump. H-L-F, 11.04. Down 11.2% on CEO transition news. That's a hard exit. Yeah. No hesitation. None. Cut it. Okay. Now here's the thing. My question. The reversal bullish names. Are those buys? No. And this is the trap. H-W-M's down 6.4% on R-Val 3.8. AFR-M down 3. H-L-F's on that list too. Mm-hmm. So they're tagged bullish, but. But they're washouts. Not confirmed longs. They're falling. Not reversing. Different thing entirely. I see. That's the thing people miss. Right. And two more flags. B-M-N-R is fading despite the bullish tag. And S-E's got insider selling. Steer clear. Right. Right. So basically the posture honestly is what? Capital preservation. That's primary. Only small opportunistic risk. And only unconfirmed names like S-L-B. Yeah. Totally. Got it. Hold a V-E-V and S-L-B. Cut the broken sectors. What is this setup for tomorrow? Watch CRWD overnight. Down 4.31% from the open. Despite news. Mm-hmm. Wait. Good news and it's... Good news, bad price. Green light, car stuck in reverse. Watch for follow-through or failure. Mm-hmm. Huh. And S-L-B into tomorrow? Same level, 57.33. Holds above today's range. That's your continuation entry at the open. Right. And V-E-V? The software name to watch. If it closes strong today, it's on the list tomorrow. So the plan doesn't reset over... It does not. Defensive carries forward. Reduce gross, demand confirmation before you add a dime of risk. Exactly. Look, let me bring it home. Breath crater to 11% into the close. Today was distribution, not trend. Hold only confirmed strength in V-E-V and S-L-B. Cut industrials and utilities. Stay defensive until breath turns. That's the call. Yeah. Trim the broken names before the bell. Keep it tight overnight and we'll see if breath confirms a turn tomorrow. That's the close. Stay sharp out there. That's all for today's episode of Wave Rider Power Hour. Your final hour tactical edge. See you next time.