The Struggle of ON

July 10, 2026 By in ON, Semiconductors, SOXX Leave a comment

Is Today, The Day?

There’s a lot going on, in the chart of ON, at left.

What we’re looking for here, is either a new daily low, or continuation higher into established resistance (not advice, not a recommendation).

Pre-market in the SOXX is lower (as of 8:55 a.m., EST).

Recall, yesterday’s post had it at 13-days since all-time highs for the SOXX.

Looking at the chart of ON, yesterday was Fibonacci Day 8, from the recent lows.

Stay Tuned

Charts by StockCharts

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

SOXX … One More High?

July 9, 2026 By in ON, Semiconductors, SOXX 1 Comment

Close To Resistance

Today was Fibonacci Day 13, from the SOXX, all-time highs.

So, we’ll see if the SOXX posts and closes higher or if today was it (not advice, not a recommendation).

From an individual vehicle standpoint, ON Semiconductor is the focus.

The market itself has said it does not like recent acquisition plans. A massive down move, heavy volume (now retracing), may be hiding opportunity for something larger.

Stay Tuned

Charts by StockCharts

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

Silver (SLV) ‘Projections’

July 8, 2026 By in Daniela Cambone, Gold & Silver, SLV Leave a comment

Fibonacci Targets

The last update on silver (here), presented the potential to either levitate higher or continue with downward pressure (not advice, not a recommendation).

Since then, silver (SLV) has declined another -11%; now, as we’ll see, it’s between two Fibonacci projections.

Silver SLV, Weekly

Of course, based on videos like this, we can say that ‘nobody’ expects silver to get below $50/.oz (not advice, not a recommendation).

Well, almost nobody 🙂

Stay Tuned

Charts by StockCharts

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

Bond Bulls … Whacked

July 7, 2026 By in Bonds, Interest Rates, Ox Talks, TLT, ZeroHedge 4 Comments

Higher Rates

At the pivot off the lows in May, was this.

The very next day, TLT launched into a rally, seven straight higher closes, then a minor retrace to 38%, before continuing higher.

It seemed like all was well.

However, this link contains the statement that describes it best (paraphrasing):

Four-decades of the bull market in bonds, steadily declining yields, ended four years ago.

That bull market end, first discussed on this site (over two-years ago), with this post.

All of that to say, we did get a six-week rally in TLT, which at this point, has imploded; the over-riding bear market asserts its trend (not advice, not a recommendation).

Long Bonds TLT, Weekly

Note: The dashed downtrend line goes all the way back to the week of 4/29/22, over four years ago.

Ox Talks, on Bonds

This update from Ox Talks, discussing private credit, but containing a nuance on bonds and interest rates.

‘Retail’ is bailing out of private credit, while ‘institutions’ are taking their place, link here (Time Stamp: 5:18).

At 5:40, we see how those institutions expect to see the ‘investment’ pay off (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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

Real Estate’s ‘Outside-Down’

July 6, 2026 By in Real Estate, VNQ, VNQ-26-01 Leave a comment

Another, Well Defined Risk

Vanguard Real Estate VNQ, posted outside down during the session just ended.

Before today, price action appeared ready to breakout to the upside; possibly, in a final summertime blow-off move.

Now, because of the reversal, that probability appears to have shifted to the downside (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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

Entegris … Down, – 11.22%

July 5, 2026 By in APH, ENTG, Semiconductors, Up-Thrust, Wyckoff Leave a comment

Ease of Movement

Semiconductors weren’t the only ones hit hard last Thursday; suppliers were as well.

The table at left, shows the top eight. All, deeply in the red as of the last close.

For today’s discussion, we’re looking at Entegris, ENTG.

The last update was here.

Since then, ENTG has posted a false breakout, or a Wyckoff Up-Thrust (not advice, not a recommendation).

Entegris ENTG, Daily

As in the case of Amphenol, yesterday, there’s a well-defined risk level, if short; Thursday’s high at 166.76 (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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

Amphenol … At-The-Edge

July 4, 2026 By in APH, APH-26-02, Artificial Intelligence, Up-Thrust, Wyckoff 1 Comment

Extremes

It’s not often there’s such a well defined risk on any trade, long, or short.

In the case of Amphenol, all-time highs, followed by a reversal and close below resistance.

That’s the definition of a Wyckoff ‘Up-Thrust’.

Such a set-up does not guarantee anything.

We’re interested in minimizing the risk as much as possible.

In the case above, if short, a good point for exit on a failed position would be last Thursday’s high at 173.00 (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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

Construction Sector … Breakdown

July 3, 2026 By in Artificial Intelligence, EME, Engineering & Construction, FIX, PWR, Semiconductors, ZeroHedge Leave a comment

Weakest of Three

Semiconductors weren’t the only ones going over the edge yesterday.

Engineering & Construction was as well (not advice, not a recommendation).

Stories like this, may be a clue.

Of the three largest caps, PWR, FIX and EME, the weakest price action (at this time) is Emcor Group Inc., EME.

Emcor Group, EME, Daily

Yesterday, was a breakdown through a long term trendline (dashed blue line).

‘Normal’ market behavior, like discussed with the semi’s (yesterday), is to come back for a test (not advice, not a recommendation).

If that test happens, there’s no required timeframe.

Price action itself will let us know.

Stay Tuned

Charts by StockCharts

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

SOXX … ‘Straight Down’

July 2, 2026 By in Artificial Intelligence, QQQ, Semiconductors, SOXX 1 Comment

Testing The Break

For those already short, it was a good day.

For those long or waiting to go long, it was not so good.

However, even as this post is being created, the SOXX is retracing higher in the after-hours, testing its trend-line break (not advice, not a recommendation).

Today’s action saw the lower wedge trend-line broken to the downside on increased volume.

Note: The Nasdaq (QQQ) has not broken its lower line but stopped right at the wedge boundary.

Semiconductors SOXX, Daily

While testing of the break is ‘normal’, anything can happen.

If the breakdown stays in-effect, the measured move target is around 487 (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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

Corning: Retrace or Reversal?

July 1, 2026 By in QQQ, Nasdaq, GLW Leave a comment

What Comes Next …

The Qs retraced as anticipated but so did Corning (GLW), in more dramatic fashion.

Looking at the chart, note how the Fibonacci retrace levels ‘fit’ GLW price action.

The down-draft energy dissipated after the initial collapse, so what happens tomorrow is important.

As of this post, in the after-hours, the Qs are at just at their session lows and edging higher (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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