Power Hour

Power Hour #142: Midterm Election Gap Risk Playbook – Tuesday 11/3/2026

Episode 142Nov 3, 20264:00

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0:004:00

Episode summary

A final-hour briefing for Tuesday, November 3rd, 2026, describing the session as a relief bounce inside a larger correction, with breadth at 58.82% above the 40-day SMA. The hosts cover holds, cuts and a late entry, then look ahead to elevated gap risk from tonight’s US midterm elections and key levels on IWM, SPY and...

Key points

Today is a relief bounce, not a trend day; 58.82% of names are above the 40-day SMA.
Hold CCXI (9.29, up 10.99% on a 3.13R move); cut SIBN, which is failing at $20.22 despite beating earnings estimates, and tighten stops on staples and materials.
JAZZ is a possible late entry only if it closes near highs with RVOL over 1.0; flagged CRT with a 181.1% risk reading, so limit size to a quarter of normal.
US midterm elections tonight create extreme gap risk, so avoid oversized overnight positions.
Watch IWM for a push through its SMA 50 at 283.51; plan range trading on SPY between 7536 and 767-768, and respect QQQ's SMA 200.