Power Hour

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

Episode 964:26

0:004:26

Episode summary

Twenty-day market breadth cratered to eleven percent as sentiment flipped hard bearish, signaling a distribution day rather than a routine pullback. The team maps out which names to hold (VEEV, SLB), which sectors to cut (Industrials, Utilities), which ‘bullish’ tickers are actually wash-out traps, and what to watch overnight into tomorrow’s open.

Chapter by chapter

Breadth Craters to 11%

Twenty-day and forty-day breadth both collapse, confirming a clean regime break.

Bull-Bear Sentiment Flips Hard

Bull four percent reading crashes while bear four percent surges, flipping both sentiment gauges bearish.

Hold VEEV and SLB

The two confirmed-strength names to hold into the close, with volume and level details.

Cut Industrials, Utilities, and HLF

Zeroth-percentile sector groups and a CEO-transition blowup in HLF mark clear exits.

The Reversal-Bullish Trap

Why HWM, AFRM, HLF, BMNR, and SE are tagged bullish but are actually wash-outs, not real longs.

CRWD's Overnight Divergence

CRWD drops despite positive news, setting up a key overnight watch for follow-through or failure.

SLB and VEEV Into Tomorrow

Continuation levels and defensive posture carrying forward into the next session.

Key points

  • Twenty-day breadth cratered to 11% from 19%, and bull-bear sentiment flipped decisively bearish — this was a distribution day, not a routine wobble.
  • Hold only confirmed strength: VEEV and SLB are the cleanest names on the board; SLB can be added to small above today's range.
  • Cut Industrials and Utilities (both zeroth percentile) and exit HLF outright on its CEO-transition news.
  • Beware the 'reversal bullish' trap — HWM, AFRM, HLF, BMNR, and SE are wash-outs, not confirmed reversals.
  • Posture is capital preservation: stay defensive overnight, watch CRWD's bearish divergence, and demand confirmation before adding risk tomorrow.

Ticker charts

VEEV

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open VEEV in WaveFinder.

Daily bars through Aug 31, 2026.

SLB

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open SLB in WaveFinder.

Daily bars through Aug 31, 2026.

HLF

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open HLF in WaveFinder.

Daily bars through Aug 31, 2026.

HWM

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open HWM in WaveFinder.

Daily bars through Aug 31, 2026.

AFRM

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open AFRM in WaveFinder.

Daily bars through Aug 31, 2026.

BMNR

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open BMNR in WaveFinder.

Daily bars through Aug 31, 2026.

SE

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open SE in WaveFinder.

Daily bars through Aug 31, 2026.

CRWD

Open in app
SMAUp (filled)Down (hollow)

Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open CRWD in WaveFinder.

Daily bars through Aug 31, 2026.

More from Power Hour