Power Hour

Power Hour #140: Cut TWLO as SPY Tests Floor – Friday 10/30/2026

Episode 1403:46

0:003:46

Episode summary

A sharp risk-off day saw breadth collapse 56 points as technology cratered 5% and defensives surged. SPY sits at the bottom of its 20-day range with QQQ deeply oversold. Stay defensive, protect capital, and only buy confirmed reclaims into the close.

Key points

  • Breadth fell to 34%, down 56 points since yesterday, with the regime flipping to risk-off.
  • Cut TWLO (down 15.8%) and tech-adjacent momentum longs; hold defensive winners like COST.
  • SPY at $751.66 sits near the 20-day bottom of $753.53; a break opens a drop to $728.83.
  • CBOE at $337.52 is the cleanest buy-the-dip candidate, only on confirmation.
  • Stay defensive and require a SPY reclaim of $770.26 before trusting any rally.

Ticker charts

TWLO

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 TWLO in WaveFinder.

Daily bars through Oct 30, 2026.

COST

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 COST in WaveFinder.

Daily bars through Oct 30, 2026.

CBOE

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 CBOE in WaveFinder.

Daily bars through Oct 30, 2026.

SPY

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 SPY in WaveFinder.

Daily bars through Oct 30, 2026.

CSCO

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 CSCO in WaveFinder.

Daily bars through Oct 30, 2026.

QQQ

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 QQQ in WaveFinder.

Daily bars through Oct 30, 2026.

IWM

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 IWM in WaveFinder.

Daily bars through Oct 30, 2026.

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