Power Hour

Power Hour #122: Breadth Breaks Hard: The ABC Playbook Into the Close – Wednesday 10/7/2026

Episode 1224:00

0:004:00

Episode summary

A reversal day sends breadth tumbling and flips the bull-bear skew bearish, pushing the desk into full defense mode. The call: hold VRSN as the lone high-conviction name, trim a basket of negative-sentiment stocks before the bell, and watch MU’s open tomorrow as the tell for the whole chip tape.

Chapter by chapter

Breadth Collapse and Skew Flip

Percent above the 20 SMA drops from 44 to 29 in one session as the bull-bear skew flips bearish and Utilities outpace Tech.

VRSN: The One Hold

VRSN stands alone as the only name combining price strength, volume, and institutional sponsorship worth holding into the close.

Fading Green Names Without Volume

ACN and PI are up on the day but lack the relative volume to trust — fade, don't follow.

Trimming the Negative-Sentiment Basket

WFRD, HESM, SKHY, DE, and SPCX all carry bearish news flow compounding technical damage — trim before the bell.

Broken Names and the ABC Discipline

BULL and SAR are broken, not bottoming; SMB needs a confirmed close before entry; the rule of the day is Always Be in Control.

MU's Open Is the Tell for Semis

MU's reclaim of today's open becomes the trigger for whether the Nasdaq gets fresh air or the chip tape rolls over.

Regime Stays Defensive Until Breadth Heals

The playbook stays sell-rallies and discipline-first until percent above the 20 SMA reclaims 30 and the bull-bear skew improves.

Key points

  • Breadth collapsed from 44% to 29% above the 20 SMA in a single session, confirming a reversal day.
  • VRSN is the only name with price, volume, and institutional backing strong enough to hold into the close.
  • Green names like ACN and PI lack volume conviction and should be faded, not chased.
  • Trim negative-sentiment names (WFRD, HESM, SKHY, DE, SPCX) before the bell as news compounds technical weakness.
  • MU's reclaim of today's open is the key trigger to watch tomorrow for the broader semiconductor and Nasdaq tape.

Ticker charts

VRSN

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 VRSN in WaveFinder.

Daily bars through Oct 7, 2026.

ACN

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 ACN in WaveFinder.

Daily bars through Oct 7, 2026.

PI

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 PI in WaveFinder.

Daily bars through Oct 7, 2026.

WFRD

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 WFRD in WaveFinder.

Daily bars through Oct 7, 2026.

HESM

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 HESM in WaveFinder.

Daily bars through Oct 7, 2026.

SKHY

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 SKHY in WaveFinder.

Daily bars through Oct 7, 2026.

DE

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 DE in WaveFinder.

Daily bars through Oct 7, 2026.

SPCX

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 SPCX in WaveFinder.

Daily bars through Oct 7, 2026.

BULL

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 BULL in WaveFinder.

Daily bars through Oct 7, 2026.

SAR

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 SAR in WaveFinder.

Daily bars through Oct 7, 2026.

SMB

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 SMB in WaveFinder.

Daily bars through Oct 7, 2026.

MU

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 MU in WaveFinder.

Daily bars through Oct 7, 2026.

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