When The Set-Up, Fails

February 23, 2026 By in Airlines, DAL, DAL-26-03, Dr. Elder, LUV, LUV-26-01, Spring-to-Up-Thrust, Transportation, UAL, UAL-26-01, Up-Thrust Leave a comment

One Side, is Exhausted

Today was the day when the airline sector was supposed to resume its uptrend into a (possible) new high.

Early in the session, that move has failed (not advice, not a recommendation).

Instead of moving higher, price action printed a new daily low.

As Dr. Elder said years ago in ‘Come Into My Trading Room‘, when a set-up fails, at times, it’s best to exit (if positioned) and re-enter in the opposite direction.

Airlines Sector, Daily

Last Friday’s action was a reversal bar with a higher close. The inference was for continuation to the upside.

As the arrow notes, that move has failed.

The benefit, is a well-defined stop (if short); that is, today’s session high (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

Airline Sector Wedge(s)

February 22, 2026 By in Airlines, DAL, Transportation 1 Comment

Aligned with, The Delta Analysis

When looking at the airline sector below, it appears to support yesterday’s update.

That is, we have signs of potential buoyancy, enabling the sector and DAL to move higher (not advice, not a recommendation).

Of course, with that said, anything can happen in the markets.

Airline Sector, Daily Close

The circled area shows a wedge within a much larger (terminating) wedge.

If this pattern is in-effect, i.e., the market moves higher to the measured move, then we have one (possible) last high in the sector (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

Delta … What’s Next?

February 21, 2026 By in Airlines, DAL, Transportation 1 Comment

Possible, More Upside

Delta’s showing high page count in this site’s metrics.

Here’s an update.

We did get the downside move as suggested here.

However, DAL did not collapse as expected.

Instead, it looks like there’s some buoyancy, which implies more upside (not advice, not a recommendation).

Note the pivots (so far) occurring on Fibonacci counts.

Monday is ‘Day 8’.

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

Straight into Resistance

February 20, 2026 By in OMC, OMC-26-01, Spring-to-Up-Thrust Leave a comment

OMC, Earnings

Omnicom, announced earnings on Wednesday, link here.

Market response was to launch from a spring set-up, straight into an up-thrust.

From lower blue line support, into upper blue line, resistance.

Note the increase in volume while range narrows.

Price action’s laboring higher, at resistance, as volume increases significantly (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

Paccar’s Reversal

February 19, 2026 By in PCAR, PCAR-26-02, Spring-to-Up-Thrust, Transportation, Up-Thrust Leave a comment

New Weekly Low

The weekly chart of Paccar Inc. shows a new weekly low off an up-thrust condition.

In addition, as can be seen from the lower blue support line, we also have a repeating pattern, link here (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

Delta, Set-Up, Follow-Up

February 18, 2026 By in Airlines, DAL, DAL-26-02, Transportation, Up-Thrust 1 Comment

Test, Complete?

The last update on Delta, link here, said there’s a possibility for an upside test.

Looks like it’s here.

Today, price action net upward progress, appears to have slowed (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

Terminating Wedge … TXN

February 17, 2026 By in Semiconductors, Artificial Intelligence, Up-Thrust, TXN, TXN-26-05 Leave a comment

Struggling, Above Resistance

Once TXN pushed past resistance, upward net distance has slowed.

Daily close chart, at left.

Now, we’re near all time highs.

For the session, price action printed higher but could not close higher (not advice, not a recommendation).

Prior updates on TXN, are here and 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

Entegris … Divergence

February 16, 2026 By in Semiconductors, Artificial Intelligence, Up-Thrust, ENTG Leave a comment

Fibonacci, and MACD

Entegris reported earnings last week, on the tenth.

Market response was to launch into and up-thrust condition along with hitting the top of a terminating wedge, as well as printing a Fibonacci 161.8%, projection.

Technical details (up-thrust, removed for clarity) are shown on the daily chart below.

Entegris Inc., ENTG Daily

We’re looking for a new daily low at the next session (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

Lattice Semi, At The Edge

February 15, 2026 By in Spring-to-Up-Thrust, Semiconductors, Artificial Intelligence, Up-Thrust, LSCC, LSCC-26-01 Leave a comment

Another, ‘Repeating’ Pattern

Lattice broke out to all-time highs on its latest earnings; here, here and here.

If you believe the press, it’s ‘buy’, ‘buy’, ‘buy’ (not advice, not a recommendation).

If we look at the actual truth, the price action, we (potentially) see something else.

The chart below, shows we’re at The Danger Point®, where it won’t take much to go either way.

Lattice Semiconductor LSCC, Daily Close

At this point, LSCC is in ‘up-thrust’ position.

Being at that location, does not guarantee a reversal.

It says, we’re at the point of instability. Price action needs to decide who’s in control, bulls or bears.

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 Delta Set-Up

February 14, 2026 By in Airlines, DAL, DAL-26-01, Up-Thrust 1 Comment

‘Test’, Next Week?

At this point, the Delta Airlines breakout has failed.

Friday, the current decline slowed, which implies that next week, may be an upward ‘test’ of resistance (not advice, not a recommendation).

The failed breakout was observed in real time and traded to the short side as DAL-26-01.

Covering of the short was on Friday, with a 6.29%, profit.

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