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Breadth collapsed 31 points in a single session, flipping the tape from trend continuation to distribution. The hosts break down what to cut, what to hold, and the one number — 27% above the 20 SMA — that decides whether tomorrow’s damage continues.
Chapter by chapter
Breadth Collapse Confirmed
Percent above the 20 SMA drops from 58 to 27 in one session, confirming a distribution day.
The Cut List
BBOT, LEU, CENX, and a downgraded URI get flagged for exit as breadth contracts.
What to Hold
APP above 314 and ASO's 7% guidance-driven gain are identified as confirmed holds into the bell.
Confirmation-Only Entries
SEDG and XOP show early reversal signs, but RVOL must confirm before adding risk.
Two Rooms of Relative Strength
Only Tech and Utilities hold up while Energy and Health Care ATR contracts hard.
Chip Tape After the Bell
AMD and INTC headlines will set Technology's tone at tomorrow's open.
Key Levels to Watch
ASO's high and SEDG's 36 level mark the cleanest continuation and reversal signals.
The 27% Line in the Sand
Percent above the 20 SMA holding above 27% determines if selling pressure is over.
Key points
Breadth collapsed 31 points in one session (58% to 27% above the 20 SMA), signaling a reversal-distribution day, not trend continuation.
Cut weak names immediately: BBOT, LEU, CENX, and downgraded URI don't get carried into contracting breadth.
Hold confirmed strength: APP above 314 and ASO above its open-day gain are swimming against the tide for real reasons.
Use RVOL as the filter before entering SEDG or XOP — volume must confirm before adding risk.
27% is the line in the sand for tomorrow — holding above it stabilizes the tape, closing under it means the selling continues.
See BBOT 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 BBOT in WaveFinder.
See LEU 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 LEU in WaveFinder.
See CENX 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 CENX in WaveFinder.
See URI 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 URI in WaveFinder.
See APP 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 APP in WaveFinder.
See ASO 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 ASO in WaveFinder.
See SEDG 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 SEDG in WaveFinder.
See XOP 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 XOP in WaveFinder.
See AMD 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 AMD in WaveFinder.
See INTC 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 INTC in WaveFinder.