Power Hour

Power Hour #98: The Fever Broke: Reading a Narrow Bull Flip Into the Close – Wednesday 9/2/2026

Episode 984:53

0:004:53

Episode summary

Breadth flipped sharply bullish—334 bears to 205 bulls—but the rally is thin, with only 8% of stocks above their 20-SMA. The team breaks down which Power Hour leaders like OIH have real volume behind them, which names like SPOT and PCG to fade or cut, and the exact levels and confirmation signals needed before adding risk tomorrow.

Chapter by chapter

Bear-to-Bull Breadth Flip

Bull/Bear 4% readings reverse sharply from 334 bears to 205 bulls in a single day.

Narrow, Stretched Rally

20-SMA breadth collapses to 8% while the 40-SMA gauge stays flat, signaling a thin, unconfirmed move.

OIH: The Volume-Backed Leader

OIH's move above 436.95 stands out as the cleanest volume-confirmed continuation into the close.

SPOT's Light-RVOL Sprint

SPOT leads gainers but on RVOL of just 0.6, raising fade risk despite the strong percentage move.

Cutting PCG and Dead-Last Sectors

PCG's volume-confirmed breakdown and zero-percentile Utilities/Industrials get flagged as exits.

SIP Names: UTHR, ASTS, EIX

UTHR holds on a catalyst, ASTS fades despite a Buy rating, and EIX rallies on volume despite a target cut.

Carry-Over Levels for Tomorrow

OIH above 436.95 and UTHR above 512 mark the key levels to watch, with Energy as the leading sector.

The Stabilization Test

The 20-SMA breadth reading must stabilize with Bull 4% above Bear 4% to confirm the reversal isn't just noise.

Key points

  • Breadth flipped bullish (205 bulls vs. 60 bears) but the move is narrow, with only 8% of stocks above their 20-SMA.
  • Trust volume-confirmed leaders like OIH over light-RVOL sprinters like SPOT, which could fade.
  • Cut confirmed breakdowns (PCG) and zero-percentile laggards (RSPU, RSPN) into any close bounce.
  • Energy (RSPG at 95th percentile) is the only sector earning fresh risk; no new entries without volume confirmation.
  • Tomorrow's key test: 20-SMA breadth must stabilize with Bull 4% staying above Bear 4% to confirm the reversal is real.

Ticker charts

OIH

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 OIH in WaveFinder.

Daily bars through Sep 2, 2026.

SPOT

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 SPOT in WaveFinder.

Daily bars through Sep 2, 2026.

PCG

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 PCG in WaveFinder.

Daily bars through Sep 2, 2026.

RSPU

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 RSPU in WaveFinder.

Daily bars through Aug 28, 2026.

RSPN

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 RSPN in WaveFinder.

Daily bars through Sep 2, 2026.

UTHR

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 UTHR in WaveFinder.

Daily bars through Sep 2, 2026.

ASTS

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 ASTS in WaveFinder.

Daily bars through Sep 2, 2026.

EIX

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 EIX in WaveFinder.

Daily bars through Sep 2, 2026.

RSPG

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 RSPG in WaveFinder.

Daily bars through Aug 27, 2026.

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