Power Hour

Power Hour #108: Breadth Explosion or Bull Trap? Reading the Closing Bell – Thursday 9/17/2026

Episode 108Sep 17, 20264:37

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0:004:37

Episode summary

Bull-to-bear breadth swung sharply to 294/56, but the 40SMA gauge stays Neutral, signaling a thrust rather than a confirmed trend. The hosts break down which Health Care and Tech leaders to hold into the close, which Utilities and Industrials names to cut, and the exact levels — 294 and 28.38% — that will decide tomorrow’s regime.

Chapter by chapter

Breadth Explosion vs. Bull Trap

Bull 4% breadth ripped to 294/56 but the 40SMA gauge remains Neutral, marking an unconfirmed thrust.

Hold Leaders, Cut Laggards

MRNA, NTRA, ASAN and conditional add DDOG lead Health Care and Tech, while Utilities and Industrials names like NBIZ and NTHI get cut.

Biotech Risk and the 294 Line

Watch for overnight biotech headlines and a TEAM breakout, with 294 and a 40SMA reclaim of 28.38% as the key trigger levels.

Key points

Breadth thrust to 294 bulls / 56 bears is strong but unconfirmed — the 40SMA gauge is still Neutral, so trade it as a bounce, not a trend.
Hold Health Care and Tech leaders like MRNA, NTRA, and ASAN; enter or add MRNA only above today's high.
DDOG is a conditional secondary add — only if it holds gains into the bell, with risk capped at 2.5%.
Cut Utilities and Industrials exposure; RSPU, RSPN, NBIZ, and NTHI are showing clear relative weakness.
Tomorrow's line in the sand: Bull 4% must hold near 294 (dead below 160), and the 40SMA needs to reclaim 28.38% to confirm the trend.