Power Hour #132: Breadth Flips, Tech Fades: Inside Today’s Defensive Rotation – Tuesday 10/20/2026

Episode summary

With index levels dark, internals tell the story: market breadth widened sharply as bulls jumped to 271 from 163, while Technology fell to the bottom decile and Healthcare, Staples, and Energy took the lead. The desk breaks down what to trim (Tech), what to hold (healthcare leaders NBIX, AZN, QGEN), and the two levels —...