Power Hour

Power Hour #126: Split Tape: Bearish Sentiment, Bullish Breadth – Tuesday 10/13/2026

Episode 1264:29

0:004:29

Episode summary

A sixty-minute-to-the-bell breakdown of a split tape where sentiment reads bearish but breadth is quietly healing, driven by rotation into Energy and Health Care. The hosts cover what to hold (VLO, PSX, MPC, VST), what to cut (CAT, ORCL), what to avoid (CIFR), and what sets up for tomorrow’s open.

Chapter by chapter

Split Tape Opens the Hour

Sentiment reads bearish while the 40-day trend and breadth metrics turn bullish, setting up a split-tape regime.

Breadth Numbers Confirm the Shift

Percent above the 40 SMA jumps to 32.18% and Bear 4% count collapses, confirming a grind-higher rotation day.

Hold: Energy Leaders Into the Close

VLO, PSX, MPC, and VST hold key levels on low RVOL trend-extension, with Energy and Health Care leading relative strength.

Cut CAT and ORCL, Avoid the CIFR Knife

CAT and ORCL get lightened on fading sentiment and Tech weakness, while CIFR's 11.6% gap-down is flagged as a falling knife to avoid, with IHD and EIX on the watch list.

Financials Firm Up, Key Levels Ahead

Improving Financial breadth, VST and VEEV's key levels, and overnight crude/refining spreads set the stage for tomorrow, with discipline and risk limits unchanged.

Key points

  • Bearish sentiment (4% reads) is diverging from bullish breadth and trend signals — trust breadth over sentiment noise.
  • Energy and Health Care are the clear rotation leaders; refiners VLO, PSX, MPC, and VST are holding key levels, though low RVOL (0.3-0.5) means this is trend-extension, not a momentum chase.
  • Cut CAT and ORCL before the bell as Tech relative strength fades into the 16th percentile.
  • CIFR's 11.6% gap-down is a falling knife, not a reversal — avoid catching it or averaging down.
  • Improving Financial breadth and Energy follow-through (crude, refining spreads) are the key tells for tomorrow's open.

Ticker charts

VLO

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 VLO in WaveFinder.

Daily bars through Oct 13, 2026.

PSX

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 PSX in WaveFinder.

Daily bars through Oct 13, 2026.

MPC

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 MPC in WaveFinder.

Daily bars through Oct 13, 2026.

VST

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 VST in WaveFinder.

Daily bars through Oct 13, 2026.

CAT

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 CAT in WaveFinder.

Daily bars through Oct 13, 2026.

ORCL

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 ORCL in WaveFinder.

Daily bars through Oct 13, 2026.

CIFR

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 CIFR in WaveFinder.

Daily bars through Oct 13, 2026.

IHD

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 IHD in WaveFinder.

Daily bars through Oct 13, 2026.

EIX

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 EIX in WaveFinder.

Daily bars through Oct 13, 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 Oct 13, 2026.

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