Power Hour

Power Hour #102: Breadth Cracks: Playing Defense Into the Close – Wednesday 9/9/2026

Episode 1024:38

0:004:38

Episode summary

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

Ticker charts

META

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 META in WaveFinder.

Daily bars through Sep 9, 2026.

MRVL

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 MRVL in WaveFinder.

Daily bars through Sep 9, 2026.

CASY

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 CASY in WaveFinder.

Daily bars through Sep 9, 2026.

CMPS

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 CMPS in WaveFinder.

Daily bars through Sep 9, 2026.

NET

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 NET in WaveFinder.

Daily bars through Sep 9, 2026.

JBHT

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 JBHT in WaveFinder.

Daily bars through Sep 9, 2026.

AGX

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 AGX in WaveFinder.

Daily bars through Sep 9, 2026.

KNF

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 KNF in WaveFinder.

Daily bars through Sep 9, 2026.

RSPG

Chart unavailable

No daily price history for RSPG through Sep 9, 2026.

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