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Breadth collapsed nineteen points in a single session, flipping the market into distribution mode. The analyst breaks down which names to hold (META, MRVL), which sectors to trim (Industrials, Consumer Discretionary), and the key breadth and pivot levels to watch tomorrow.
Chapter by chapter
Breadth Collapse and Distribution Verdict
Breadth drops from 45 to 26 percent above the 20-day, confirming a broad distribution day with bearish sentiment skew.
Holding META and MRVL Strength
META and MRVL are identified as continuation leaders worth holding through the selloff.
Trimming Industrials and Discretionary
Industrials and Consumer Discretionary flagged as weakest sectors with percentile-zero readings, warranting trims.
Avoiding CASY and the Danger List
CASY's falling-knife selloff and other negative-catalyst names like JBHT, AGX, and KNF to avoid entirely.
Watchlist and Risk Discipline
CMPS and NET on confirmation-only watch, with a sub-2.5% risk rule guiding all new setups.
META's Pivot and Diesel Risk
META's 654.28 level is the key leadership pivot, while rising diesel costs threaten Transportation and Industrials.
Energy Strength and Breadth Confirmation
Energy remains the lone relative-strength pocket, with breadth needing to hold above 26 percent to confirm the flush is pausing.
Key points
Breadth fell 19 points in one session (45% to 26% above the 20-day), signaling a broad distribution day rather than short-term noise
Hold proven leaders META and MRVL; trim Industrials and Consumer Discretionary, the weakest, percentile-zero sectors
Avoid catching falling knives like CASY (down 14.9% on 6x volume) and stay away from negative-catalyst names JBHT, AGX, KNF
New entries limited to confirmation-only watchlist names (CMPS, NET) with strict sub-2.5% risk sizing
Tomorrow's key levels: META above 654.28 keeps leadership intact; breadth must hold above 26% to confirm the flush is pausing
See META in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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 META in WaveFinder.
See MRVL in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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 MRVL in WaveFinder.
See CASY in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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 CASY in WaveFinder.
See CMPS in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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 CMPS in WaveFinder.
See NET in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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 NET in WaveFinder.
See JBHT in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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 JBHT in WaveFinder.
See AGX in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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 AGX in WaveFinder.
See KNF in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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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 KNF in WaveFinder.
Daily bars through Sep 9, 2026.
RSPG
Chart unavailable
SMA
No daily price history for RSPG through Sep 9, 2026.