Power Hour

Power Hour #107: Breadth Breaks, Bulls Cheer: Power Hour Triage – Wednesday 9/16/2026

Episode 1074:11

0:004:11

Episode summary

Breadth collapsed to 15% even as bullish signals flipped positive, setting up a reversal-day dynamic into the close. The hosts break down which names to cut, which to protect, and what levels to watch overnight into tomorrow’s session.

Chapter by chapter

Breadth Collapse vs. Bullish Flip

Percent above the 20-day SMA drops to 15% while the Bull 4% signal flips positive, flagging a reversal day.

Cut List, Holds, and the IWM Line

Triage plan for the final hour: cutting RSPU, RSPN, AXON, and FANG while protecting ISRG and watching IWM 285.

Overnight Levels and Defensive Stance

LITE and ISRG levels to stalk overnight, plus a sector playbook favoring Medical over Discretionary and Industrials.

Key points

  • Breadth (% above 20-day SMA) plunged from 26 to 15 in a single session, signaling a reversal day despite bullish headline flips.
  • Cut weak names before the bell: RSPU, RSPN, AXON, and FANG all showed extreme weakness or broken setups.
  • ISRG (hold above 385) and IBM (confirmation-only entry above 248) are the two names to protect into the close.
  • IWM 285.15 is the key overnight proxy — holding it keeps small-caps constructive, losing it means get defensive fast.
  • With breadth at 15%, tomorrow's playbook stays defensive: favor Medical, avoid Consumer Discretionary and Industrials until breadth stabilizes.

Ticker charts

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 Sep 16, 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 16, 2026.

AXON

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 AXON in WaveFinder.

Daily bars through Sep 16, 2026.

FANG

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 FANG in WaveFinder.

Daily bars through Sep 16, 2026.

ISRG

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 ISRG in WaveFinder.

Daily bars through Sep 16, 2026.

IBM

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 IBM in WaveFinder.

Daily bars through Sep 16, 2026.

IWM

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 IWM in WaveFinder.

Daily bars through Sep 16, 2026.

LITE

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 LITE in WaveFinder.

Daily bars through Sep 16, 2026.

More from Power Hour