Power Hour

Power Hour #117: Breadth Breakdown: Cut the Cyclicals, Hold the Leaders – Wednesday 9/30/2026

Episode 1174:35

0:004:35

Episode summary

With breadth compressing and thrust counts collapsing on both sides, the hosts break down a choppy, stock-picker’s tape. They lay out exactly what to hold, cut, and watch into the close, then set the one breadth level that decides whether tomorrow’s bounce is real.

Chapter by chapter

Breadth Compresses, Thrusts Collapse

Percent above the 20 SMA falls to 15 and bull/bear thrust counts both shrink, signaling a choppy, non-trending tape.

Hold SNPS and TXG on a Short Leash

SNPS and TXG stay in play with tight risk sizing, while CDNS and VEEV are only added on confirmed closes at the highs.

Cut the Cyclicals and Small-Cap Froth

Ten of eleven sectors are red and small-cap names like ONMD and LGHL are fading hard, so cyclicals and froth get cut before the bell.

Watch List: BBUS and FA Unconfirmed

BBUS and FA show heavy reversal volume but remain unconfirmed, so they stay on watch only with total risk capped at 2.5%.

Breadth Above 15 Is Tomorrow's Trigger

Tomorrow's real signal isn't price levels on SNPS or CDNS — it's whether percent above the 20 SMA stabilizes above 15.

Key points

  • Breadth is compressing (20 SMA reading fell to 15 from 18) and both bull and bear thrust counts collapsed — a sign of indecision, not trend.
  • Into the close, only SNPS and TXG earn holds, sized small with tight stops; CDNS and VEEV are late-entry candidates only on confirmed strength.
  • Cyclical sectors (Utilities, Discretionary, Financials, Materials) and small-cap froth like ONMD and LGHL are being cut outright — only Tech and Health Care are green.
  • BBUS and FA show elevated reversal volume but aren't confirmed yet — watch, don't chase, and keep total portfolio risk capped at 2.5%.
  • Tomorrow's real green light isn't a price level — it's percent above the 20 SMA stabilizing above 15%, which would validate the bounce as broad rather than selective.

Ticker charts

SNPS

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 SNPS in WaveFinder.

Daily bars through Sep 30, 2026.

TXG

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 TXG in WaveFinder.

Daily bars through Sep 30, 2026.

CDNS

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 CDNS in WaveFinder.

Daily bars through Sep 30, 2026.

VEEV

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 VEEV in WaveFinder.

Daily bars through Sep 30, 2026.

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 30, 2026.

ONMD

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 ONMD in WaveFinder.

Daily bars through Sep 30, 2026.

LGHL

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 LGHL in WaveFinder.

Daily bars through Sep 30, 2026.

BBUS

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 BBUS in WaveFinder.

Daily bars through Sep 30, 2026.

FA

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 FA in WaveFinder.

Daily bars through Sep 30, 2026.

IIPR

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 IIPR in WaveFinder.

Daily bars through Sep 30, 2026.

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