Palantir … After Hours

February 2, 2026 By in Artificial Intelligence, PLTR Leave a comment

Straight into Resistance

Palantir released earnings after the bell, link here.

The magenta line shows how the ‘good news’ is being received.

As of this post (6:40 p.m., EST) price action is in a narrow range, hitting the underside of resistance, near a downtrend line (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’s Glass Ceiling

February 1, 2026 By in Artificial Intelligence, GLW, GLW-26-01 Leave a comment

Last Gasp?

If you believe the financial press, link here, then we’re in the clear for Corning as it’s part of the A.I. mania.

Throw in some analyst ‘buy’ ratings and it’s good to go. 🙂

If we actually look at the truth, the price action itself, it may be telling us something different (not advice, not a recommendation).

Corning GLW, Monthly

All-time highs, link here.

The long-term perspective shows us it took nearly a generation for GLW to get back to ‘dotcom’ levels.

In fact, the news release in the first link above, resulted in the gap-higher straight into decades long resistance.

Now, you have to ask yourself: “Do you feel lucky?”

Is GLW, somehow going to miraculously push through (and hold) that resistance of many years, on just one attempt?

In the markets, anything can happen.

Next up and depending on price action, we’ll look at the daily chart.

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

Carvana, CrowdStrike, Cadence

January 31, 2026 By in CDNS, CRWD, CVNA, Spring-to-Up-Thrust, Wyckoff Leave a comment

Earnings, late February, early March

Earning release for CVNA, CRWD, and CDNS, are scheduled here, here and here.

All three charts are in the same, or similar position.

Q: Anyone know?

A: Recently penetrated support or are testing that penetration.

Technically speaking, they’re all in Wyckoff ‘spring’ position (not advice, not a recommendation).

Chart analysis to follow.

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

Now … The CVNA ‘Test’

January 30, 2026 By in CVNA Leave a comment

Pass, or Fail?

Odds of passing the test and moving higher, are better than a throw of the dice … if volume contracts (not advice, not a recommendation).

Admittedly, at this point in the early session, it looks a little shaky.

Price action has come all the way down to support and is attempting to bounce higher.

Carvana CVNA, Daily

Contraction of volume (from the prior session) for the day, does not guarantee anything.

It just points the probabilities for a mover higher (not advice, not a recommendation).

Financial ‘Mystery’ Solved?

Judge for yourself.

At this link, Carvana is discussed but the comments provide a potential answer.

Buried between 25 – 30 comments down, a statement that once read, makes perfect sense.

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

Carvana … The Day After

January 29, 2026 By in CVNA, Spring-to-Up-Thrust, Up-Thrust, Wyckoff Leave a comment

Now, It’s Ready for New Highs?

Figuring out Carvana’s price action, can turn you into a nervous wreck. 🙂

The latest mortar lobbed at CVNA, was this report; yet again, the ‘fundamentals’ are interesting.

As the mid-session update said yesterday:

“It’s possible there might be higher action (staying below the session high) into, during, or just after the Fed announcement (not advice, not a recommendation).”

CVNA, continued on lower to penetrate support levels of January 2nd, this year.

After that, was a rebound into the close.

Wyckoff ‘Spring’ Position

With support penetration, rebound higher including today’s action, we’re in Wyckoff ‘spring’ position.

Now, comes the interesting part.

It’s possible, CVNA could move on to a repeating set-up, posting new all-time highs (not advice, not a recommendation).

Carvana CVNA, Daily

Note the massive down-thrust energy. This is possibly the largest ever, for CVNA (data going back to 2/12/20).

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

Carvana Whacked … Down 9%

January 28, 2026 By in CVNA, Federal Reserve, Interest Rates, Up-Thrust 1 Comment

Watch The Fed Announcement

The last update on Carvana did not see how it was going higher but gave a potential price target, anyway.

At the same time, that update said:

“Note: Today’s break higher, then a pullback, puts CVNA in up-thrust position (not advice, not a recommendation).“

As of this post, CVNA has accelerated lower, penetrating support levels; that puts it in (minor) ‘spring’ position.

It’s possible there might be higher action (staying below the session high) into, during, or just after the Fed announcement (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

Before-the-Open … TXN

January 28, 2026 By in Spring-to-Up-Thrust, TXN, Up-Thrust Leave a comment

Set for Up-Thrust

Texas Instruments TXN, released earnings after the bell yesterday.

Today, before the open, it’s trading at 209 – 210, just above the resistance levels of last August.

That pre-market level is also (potentially) closing the gap of July 23rd.

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

S&P Top of Channel

January 27, 2026 By in Federal Reserve, Interest Rates, S&P, S&P 500, SPY Leave a comment

Catalyst, Tomorrow?

Is the S&P about to blow-up in a downside reversal or breakout into a blow-off top?

This link does a good job covering the current situation.

The catalyst or ‘excuse’ for either scenario may happen at the Fed announcement, tomorrow (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

Silver & 3M

January 26, 2026 By in Gold & Silver, MMM, MMM-26-01, SIH26 Leave a comment

Top & Drop?

Was that it for silver?

Looking at the futures market (as of 6;35 p.m., EST), SIH26, price has recovered somewhat.

The level to watch is the last session low, 101.70.

Separately, we have 3M (MMM), posting a breakdown from a wedge on earnings, link here.

Price action attempted to recover late last week and into today; that retrace may be complete (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

The Top 1%

January 25, 2026 By in AMZN, DASH, KLAR, Michael Bordenaro, Prechter, The Top 1%, Tom Hougaard, UPS 2 Comments

Tom Hougaard

Every so often, ‘The Top 1%‘, will present insight, interviews or segments, necessary to achieve the highest performance level in trading.

As Tom Hougaard, says:

‘You have to do this on your own, there’s no training, no course, no book.‘

Links here, here, here, and here.

Common Theme(s)

As more insights are posted, common themes or methods will become apparent. Not the least of these:

‘Earnings do not move markets.’

Wyckoff discovered this fact all the way back in 1902.

A century later, Robet Prechter Jr. published his work on P/E ratios; P/E does not define the direction of trend.

Of course, there are (likely) others with similar research.

Layoffs Accelerate

From market reality (above) to economic reality, we see Amazon layoffs gaining steam, link here, with UPS not far behind, link here.

Let’s throw in the ‘consumer’, financing their burrito deliveries via DoorDash, link here (time stamp 6:20).

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