Power Hour

Power Hour #145: Why Stocks Dump on Good News – Friday 11/6/2026

Episode 1454:32

0:004:32

Episode summary

A closing-bell deep dive using WaveFinder scanner data on a relief bounce within a broader downtrend. The hosts explain why to cut ASTS, AKAM and ATMU despite news catalysts, why to hold SKWD, and which SPY levels and late setups matter heading into the weekend.

Key points

  • Regime is a relief bounce inside a broader downtrend, with breadth expanded: 68% of stocks above their 20-day SMA and 177 bulls vs 136 bears.
  • Trade the market's reaction to news, not the news: ASTS fell 12.94% despite a $1.3 billion deal, while SKWD held +1.41% after a sales miss.
  • SPY must hold 7.3295; a slide through 7.3040 signals systematic selling.
  • QQQ at $658.95 sits well below its 200-day SMA at $680.90, implying heavy overhead resistance, so keep position sizes small.
  • Late entries ARY ($5.76) and COAG ($48.68) need a close near highs and relative volume above 1.0.

Ticker charts

ASTS

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 ASTS in WaveFinder.

Daily bars through Nov 6, 2026.

AKAM

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 AKAM in WaveFinder.

Daily bars through Nov 6, 2026.

ATMU

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 ATMU in WaveFinder.

Daily bars through Nov 6, 2026.

SKWD

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 SKWD in WaveFinder.

Daily bars through Nov 6, 2026.

COAG

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 COAG in WaveFinder.

Daily bars through Nov 6, 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 Nov 6, 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 Nov 6, 2026.

FIVN

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 FIVN in WaveFinder.

Daily bars through Nov 6, 2026.

WK

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 WK in WaveFinder.

Daily bars through Nov 6, 2026.

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