Power Hour

Power Hour #120: Breadth Confirms the Trend: Tech Leads Into the Close – Monday 10/5/2026

Episode 1204:27

0:004:27

Episode summary

A late-session breadth thrust — thirty-six percent of stocks above the twenty SMA — confirms a genuine trending market led by Tech, not a fakeout. The analyst breaks down which leaders to hold, which fading headline plays to cut, and sets QTOP’s forty-dollar level as the key trigger for tomorrow’s open.

Chapter by chapter

Breadth Thrust Confirms Trend

A seven-point breadth jump and strong Bull-Bear split confirm a real trending regime led by Tech.

Hold Leaders, Cut Fading Plays

Microsoft and CrowdStrike get held as institutional leaders while DNA's extreme risk reading and fading names like Winnebago and RZLV get flagged to trim.

Late Entries and Reversal Watch

Okta and Microsoft are confirmed continuation candidates, with QTOP, BSAC, and LABU on the reversal watchlist.

QTOP's Forty-Dollar Line

QTOP holding above forty overnight becomes the key continuation trigger for the next session's open.

Breadth as the Dashboard Light

With index data dark, the thirty-six percent breadth proxy level becomes the go/no-go signal for staying long leaders.

Key points

  • A seven-point breadth thrust (36% above the 20 SMA) confirms a real trending market led by Tech, with RSPT at the 95th percentile.
  • Hold institutional leaders like Microsoft and CrowdStrike; trim fading headline plays like Winnebago and RZLV.
  • DNA's 21% move carries extreme risk (272.9% risk reading) — size down and don't chase into the close.
  • QTOP holding above the $40 level overnight sets up tomorrow's clean continuation trigger.
  • With index data unavailable, the 36% breadth proxy becomes the dashboard signal for staying long leaders.

Ticker charts

MSFT

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 MSFT in WaveFinder.

Daily bars through Oct 5, 2026.

CRWD

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 CRWD in WaveFinder.

Daily bars through Oct 5, 2026.

DNA

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 DNA in WaveFinder.

Daily bars through Oct 5, 2026.

WGO

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 WGO in WaveFinder.

Daily bars through Oct 5, 2026.

RZLV

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 RZLV in WaveFinder.

Daily bars through Oct 5, 2026.

OKTA

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 OKTA in WaveFinder.

Daily bars through Oct 5, 2026.

QTOP

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 QTOP in WaveFinder.

Daily bars through Oct 5, 2026.

BSAC

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 BSAC in WaveFinder.

Daily bars through Oct 5, 2026.

LABU

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 LABU in WaveFinder.

Daily bars through Oct 5, 2026.

RZLT

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 RZLT in WaveFinder.

Daily bars through Oct 5, 2026.

CAPR

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 CAPR in WaveFinder.

Daily bars through Oct 5, 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 5, 2026.

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