Power Hour

Power Hour #103: Breadth Breaks: Cutting Losses Into the Close – Thursday 9/10/2026

Episode 1035:01

0:005:01

Episode summary

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.

Ticker charts

BBOT

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 BBOT in WaveFinder.

Daily bars through Sep 10, 2026.

LEU

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 LEU in WaveFinder.

Daily bars through Sep 10, 2026.

CENX

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 CENX in WaveFinder.

Daily bars through Sep 10, 2026.

URI

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 URI in WaveFinder.

Daily bars through Sep 10, 2026.

APP

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 APP in WaveFinder.

Daily bars through Sep 10, 2026.

ASO

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 ASO in WaveFinder.

Daily bars through Sep 10, 2026.

SEDG

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 SEDG in WaveFinder.

Daily bars through Sep 10, 2026.

XOP

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 XOP in WaveFinder.

Daily bars through Sep 10, 2026.

AMD

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 AMD in WaveFinder.

Daily bars through Sep 10, 2026.

INTC

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 INTC in WaveFinder.

Daily bars through Sep 10, 2026.

More from Power Hour