Power Hour #58: Market Flips: The 427-to-70 Bull Shift

Power Hour Brief: 2026-06-11

Regime Check — Where Are We Now?

Market breadth has expanded significantly since open, with sentiment hitting a “Very Bullish” 4% reading while the 40-day SMA coverage jumped 3.6 percentage points to 55.96%.

Breadth direction is sharply expanding, as the percentage of stocks above the 40 SMA rose from 52.34% yesterday to 55.96% today.
Financials and Consumer Staples are leading the charge, both hitting 100th percentile strength with Financials at 1.82 and Staples at 1.64.
Today’s character is a continuation breakout day, driven by a massive shift in sentiment from yesterday’s mixed 157 Bull/209 Bear count to today’s 427 Bull/70 Bear dominance.

Strategy Signals — Continuation, Reversal & SIP

The strongest 2LYNCH continuation signal is ASML at $1861.47, up 7.3% with 1.7 RVOL, leading the Chips sector higher.
A critical Reversal setup is ORCL at $182.25, down 9.4% after Q4 results, offering a potential mean-reversion entry if it stabilizes near $180.
SIP leaders like INTC ($107.04) are holding gains following a rating upgrade, while CPNG ($15.12) is failing on data fine news.
The most relevant action code is PLASTICS, as Financials and Consumer Staples are decisively outperforming with 100th percentile ATR rankings.

Closing Playbook — What To Do Now

CLOSE any short positions in ASML or AIR ($125.09) before the bell, as their 7.3% and 6.6% gains respectively show strong momentum.
ENTER a long position in Financials sector ETFs if the sector holds above 1.82 ATR value, confirming the 100th percentile breakout.
With SPY/QQQ/IWM data unavailable, monitor the 40 SMA breadth level; if it holds above 55.96% into the close, expect trend continuation tomorrow.

Tomorrow’s Early Look

Watch for overnight reaction to ORCL‘s earnings fallout and whether the software sector stabilizes or drags the broader market down.
A setup is forming for INTC at $107.04; a break above today’s high could signal a sustained recovery in the semiconductor space.
The regime outlook remains bullish given the 427 Bull/70 Bear ratio, suggesting today’s momentum will likely carry into the open.