AutoZone (downside) Exhausted?

July 25, 2026 By in AZO 2 Comments

AutoZone, and its massive 200-point gap, have been on the ‘watch list’ for some time.

The last major gap of 67.56-pts was filled in a near-Fibonacci 34 (-2) days.

So, we at least know that it can, and has happened before (not advice, not a recommendation).

AutoZone AZO, Daily

Price action’s been hitting and bouncing off support for nearly two months; finally, penetrating and closing below that line, last Thursday.

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

Semis … Set The Stage

July 24, 2026 By in Artificial Intelligence, Semiconductors, SOXX, Wyckoff Leave a comment

This, Is The Spot

Well, ladies and gentlemen, we’re at the spot where any move, in any direction, may set the stage for what’s to come.

Last Friday, the SOXX penetrated support, then rebounded in the initial stages of a Wyckoff spring.

Today, price action came back to test.

This type of behavior is bullish, suggesting a move higher; however, there’s a problem.

Instead of volume contracting on the test (sellers backing away), it has increased (blue arrow).

For the test to indicate probability of complete, Monday’s open needs to be higher, with a new daily high (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

TMO … Gap-to-Resistance

July 23, 2026 By in HD, TMO Leave a comment

Breakout or Not?

If pre-market activity holds, TMO is set to gap higher, straight into resistance (not advice, not a recommendation).

Home Depot

Separately, Home Depot from yesterday’s update; the criteria was a ‘higher‘ open for the potential spring.

Pre-market (so far) shows a ‘lower‘ open (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

Home Depot to Rally?

July 22, 2026 By in HD, IYR, Real Estate, VNQ 1 Comment

Wait, What?

I thought Home Depot was going lower?

It did go lower … for three days.

Now, it penetrated support (blue line) and stopped.

Ruh, Roh Scooby.

If tomorrow opens higher and posts a new daily high, there might be potential to head back to the top of the range (not advice, not a recommendation).

Be on guard as HD is (loosely) correlated with real estate.

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

CrowdStrike … Wedge

July 21, 2026 By in CRWD Leave a comment

Nothing To See Here …

The financial media says, ‘It’s just a technical (profit taking) sell-off’.

Nothing to see here. 🙂

However, the chart says it’s a potential terminating wedge and we’re right at the lower boundary (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 … ‘Throw-Over’

July 20, 2026 By in Real Estate, Up-Thrust, VNQ, VNQ-26-03 Leave a comment

Back In The Range

Real estate VNQ, is at The Danger Point®, posting simultaneous events.

The chart shows a wedge ‘throw-over’ as well as potential ‘up-thrust’ reversal (not advice, not a recommendation).

Real Estate VNQ, Daily

Price action attempted to break out of the wedge, and above resistance, at the same time.

We’re at the spot where the risk (cost) of being wrong on a short position is least (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

Decision Point: Silver

July 19, 2026 By in London Metal Exchange, SLV Leave a comment

Where to, From Here?

The days of breathless news stories about flying silver bars to the London Metal Exchange, are long gone.

Seems like years ago, when it’s only been nine-months.

Of course, we’re still being barraged with forecasts of $500/oz. silver or ‘Can’t go below $50/oz.’; two opposing ends, both of which, are happening as we speak. 🙂

With that, let’s leave the drama behind and look at what the market’s actually saying about itself.

Silver SLV, Daily Close

There it is.

We’re exactly at a Fibonacci 61.8% projection from the all-time highs.

Price action’s been in a trading channel for months. Now, momentum appears to have slowed (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

AutoZone’s ‘Gap’ Performance

July 18, 2026 By in AZO, Federal Reserve, Interest Rates, Transportation Leave a comment

Probable (gap) Fill

Past performance is no guarantee, but it can tell us what’s probable.

In the case of AutoZone, the last time there was a significant gap lower open, 68-pts, was December 9th, 2025.

The update on January 9th of this year, posed the question, if the gap would be filled.

That gap was indeed filled and brings us to now.

That is, not 68-points, but an eye-watering 201-points.

AutoZone, AZO, Weekly

There are two ways to view the gap:

It’s a ‘breakaway’ gap, implying that AZO is not coming back. Or, it’s a ‘common’ gap, which is typically filled (not advice, not a recommendation).

We’ll throw into the mix, we have an upcoming Fed meeting late this month, link here.

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

Credo, Ready for Retrace

July 17, 2026 By in CRDO, Ox Talks Leave a comment

Next Tuesday, Day 21

For those keeping up with reports from ‘Ox Talks’, latest one here, one gets the sense, ‘the pig is already in the python’, and events could start to happen fast (not advice, not a recommendation).

With that said, CRDO, posted its all-time high 19-days ago, on June 22nd.

That makes Fibonacci Day 21, this coming Tuesday.

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

CarMax, Retrace to Resistance

July 16, 2026 By in KMX, Transportation Leave a comment

Reversal on Daily

Today’s daily bar for KMX, is a reversal.

On the weekly, at left, we see a well-defined resistance area that so far, is containing any more upward movement (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