Midday Wave #108: Breadth Collapse: One Session, One Green Light – Monday 9/14/2026

Episode summary

20SMA breadth crashed from 40% to 14% in a single session as a semiconductor-led unwind flipped the market from cautious-bullish to decisively bearish. With AMAT, SOXX, SMH, and TSM all sharply lower and index price data unavailable, NET emerges as the lone actionable long, while traders are urged to play defense and watch key levels on NET and SMH.