Power Hour #73: Blind Without the Indexes: Reading Breadth Into the Close – Thursday 7/23/2026

Episode summary

With SPY, QQQ, and IWM data dark, the desk leans entirely on breadth and sentiment to call the close — finding a short-term bounce masking a deteriorating intermediate trend. The team triages positions in real time: holding LH and SLG, trimming Financials and earnings laggards like GL and FCFS, and flagging the 40 SMA breadth level as the trip wire for tomorrow’s regime call.