What’s The Market Saying?

September 27, 2026 By in Oil, Oil & Gas, Wyckoff, XOP, ZeroHedge Leave a comment

Confirmation of Price Action

The Wyckoff technique (in its purest sense) focuses exclusively on price action and volume.

Wyckoff himself said, ‘if you can’t ignore the (financial) news, you’ll never be successful in the markets.‘

With that, we have this just days ago, concerning the oil market, based on price action itself:

“Continued hostilities in the Middle East, along with oil tankers being sunk, do not seem to be materially affecting the (already high) price of oil.”

ZeroHedge Reports

Now, this just out from ZeroHedge, link here.

‘The Straight of Hormuz, has lost it’s grip on oil prices.’

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Best Buy … Top

September 26, 2026 By in BBY, Up-Thrust 4 Comments

Failure To Hold

Best Buy, posted Fibonacci 8-Days above resistance before closing lower.

The resistance level shown, goes back to early 2025, making the failed breakout (so far), an up-thrust (not advice, not a recommendation).

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Peak Oil?

September 25, 2026 By in Great Depression, Great Depression 2.0, Greater Depression, Oil, Oil & Gas, Spring-to-Up-Thrust, XOP 1 Comment

The Sector Has Reversed

We’ve all heard it before.

High oil prices tend to precipitate out recessions, or maybe a depression in our case (not advice, not a recommendation).

When looking at XOP, a proxy for the Oil & Gas sector, it appears to be front-running a decline in oil prices.

Or, possibly a decline in demand.

There’s also a familiar repeating pattern.

Oil & Gas Exploration XOP, Weekly

Once nuance to note:

Continued hostilities in the Middle East, along with oil tankers being sunk, do not seem to be materially affecting the (already high) price of oil.

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Biotech (may) Bounce

September 24, 2026 By in Biotech, SPBIO, Speck-Effect, The Speck, XBI Leave a comment

And Then?

Fibonacci ‘Day 21’, was a swift wide bar down move.

Wide bars tend to get tested, and we see that happening today and possibly tomorrow (not advice, not a recommendation).

When looking at the left side of the chart (compared to right), volatility has increased, indicating instability.

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Did Nvidia, Just Reverse?

September 23, 2026 By in Artificial Intelligence, NVDA, NVDA-26-02, Semiconductors, Up-Thrust, Wyckoff Leave a comment

A Test, Before Down?

The all-time high is at the far left of the chart.

Then, we have a resistance level, (blue lines), penetrated at ‘1‘.

Today’s red candle is Day 13 from ‘1‘, or Day 8 from the most recent daily lows.

From a Wyckoff perspective, we could look at Point 1, as an up-thrust, followed by ‘sign-of-supply’, and then a test.

Today’s new daily low at Fibonacci Day 8, or Day 13, may help us point odds to the downside (not advice, not a recommendation).

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

The Last Time … Was ’29

September 22, 2026 By in 1929, Great Depression, Great Depression 2.0, Greater Depression, Ox Talks Leave a comment

… Also, In ’99

As Ox Talks reports, the markets have posted an indictor that’s only happened twice in the last 100+ years.

Just before a melt-down (not advice, not a recommendation).

The ‘event’ (time stamp 0:48) being discussed, took place on July 23rd, 1929.

The actual market top in ’29, was less than two months later; September 3rd, the day after the Labor Day weekend.

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

S&P … One More (all-time) High?

September 21, 2026 By in S&P, S&P 500, SPY, Wyckoff Leave a comment

Within Range

The last update on SPY, showed ‘shortening of the thrust’; a classic Wyckoff observation concerning end of trend (not advice, not a recommendation).

Now, we have a possibility of another all-time high.

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

CarMax Reversal … and Test?

September 20, 2026 By in KMX, Transportation Leave a comment

Fibonacci Week 5

This coming week is Fibonacci ‘Week 5’, from the KMX reversal during the week of 8/28 (labeled as ‘1’ on the chart).

Note the volume last week, increased over 78% from the week prior (not advice, not a recommendation).

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

S&P … ‘Short-Stack’

September 19, 2026 By in S&P, S&P 500, SPY, Wyckoff, Wyckoff Stock Market Institute 1 Comment

A Century Old, Observation

The net upward distance traveled on the S&P, with each major thrust, is getting shorter.

This ‘shortened thrust’ is one of Wyckoff’s observations going all the way back to ‘Studies in Tape Reading‘.

It’s getting harder for the S&P to make any additional headway; the move is nearing its end (not advice, not a recommendation).

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Market Highs, Weeks, Months Ago

September 18, 2026 By in $SPSIBI, Artificial Intelligence, Biotech, DIA, Dow 30, House of El - AI, Nasdaq, Ox Talks, QQQ, S&P, S&P 500, Semiconductors, SOXX, SPY, XBI, XBI-26-11, XBI-26-12 Leave a comment

Dow, S&P, Qs Et al.

The Dow (DIA) all-time highs were on August 5th, the S&P (SPY) on August 13th, the Qs (QQQ), way back on June 3rd; Semiconductors (SOXX), June 22nd, and the list goes on.

We have updates by the day, if not the hour, like this, this, and this, letting us know in real-time, the air’s coming out of the bubble (not advice, not a recommendation).

So, ‘gentlemen, start your engines‘ 🙂

Pick your market

Biotech XBI, Daily

The chart has an added bonus, showing the potential trading channel.

Trade Action: Yesterday, XBI-26-11, was exited at break even, then re-established (short) as XBI-26-12, and well-in-the-green by the close (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts, TC2000

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279