Midday Market
Midday Wave #106: Breadth Breaks Bearish: Energy Holds the Line – Thursday 9/10/2026
0:005:11
Audio could not be loaded. Open the file directly.
Episode summary
Index prices are dark, but breadth data reveals a sharp bearish regime shift as 20SMA breadth collapses from 58% to 24%. Amid the risk-off tape, energy names PBR and USO plus a handful of confirmed leaders like APP, QCOM, and PAYP offer the only pockets of relative strength.