Power Hour

Power Hour #119: Stay In The Beam: A Stock-Picker’s Close – Friday 10/2/2026

Episode 1194:27

0:004:27

Episode summary

With index levels dark and only tech decisively expanding, the Host and Analyst triage the close — cutting LEN and LI, holding TSLA and IMOS, and setting confirmation triggers on CAMT and TSM. They close out with tomorrow’s setups in QMCO and GNRC, all tied to the Broadcom-Anthropic chip deal.

Chapter by chapter

Breadth Flips, Regime Shifts to Chop

The SMA readings show a firming long-term base but cooling short-term momentum, signaling a reversal into chop.

Sentiment Swings to a Landslide

Bull-bear sentiment flips from dead even to a 144-70 bullish landslide overnight.

Triage: Cutting LEN and LI

LEN gets cut on negative catalyst and short float, while LI is lightened on weak deliveries and EV weakness.

Holding TSLA and IMOS

TSLA holds flat on solid Q3 production while IMOS rides tailwinds from the Broadcom-Anthropic chip deal.

Confirmation Triggers: CAMT and TSM

Add-only-on-confirmation levels are set for CAMT above 163.85 and TSM above 471.53.

Tech: The Lone Floodlight

RSPT ATR hits the 100th percentile, confirming tech as the only sector decisively expanding, with ASTX as a backup reversal play.

Tomorrow's Catalyst and Setups

The playbook carries into tomorrow with AI-capex headlines in focus, plus setups in QMCO and GNRC.

Key points

  • Breadth is diverging: long-term base firming while short-term momentum cools, creating a stock-picker's tape rather than a broad-beta environment.
  • Sentiment reversed sharply from even to a bullish landslide, but tech is the only sector decisively expanding per RSPT ATR at the 100th percentile.
  • Triage today: cut LEN and LI, hold TSLA and IMOS, and only add CAMT or TSM on confirmed breakout levels.
  • ASTX serves as a low-risk backup entry if the primary chip triggers (CAMT, TSM) fail to confirm.
  • Tomorrow's playbook stays the same — follow Broadcom-Anthropic AI-capex headlines, with QMCO and GNRC as fresh setups.

Ticker charts

LEN

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 LEN in WaveFinder.

Daily bars through Oct 2, 2026.

LI

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 LI in WaveFinder.

Daily bars through Oct 2, 2026.

TSLA

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 TSLA in WaveFinder.

Daily bars through Oct 2, 2026.

IMOS

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 IMOS in WaveFinder.

Daily bars through Oct 2, 2026.

CAMT

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 CAMT in WaveFinder.

Daily bars through Oct 2, 2026.

TSM

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 TSM in WaveFinder.

Daily bars through Oct 2, 2026.

ASML

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 ASML in WaveFinder.

Daily bars through Oct 2, 2026.

RSPT

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 RSPT in WaveFinder.

Daily bars through Oct 2, 2026.

ASTX

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 ASTX in WaveFinder.

Daily bars through Oct 2, 2026.

QMCO

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 QMCO in WaveFinder.

Daily bars through Oct 2, 2026.

GNRC

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 GNRC in WaveFinder.

Daily bars through Oct 2, 2026.

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