CTAS … ‘Island Gap Reversal’

August 3, 2026 By in CTAS Leave a comment

Rare Occurrence

Island gap reversals are rare.

When one happens, it’s best to take note and determine the opportunities.

In the case of CTAS, it’s posting a bearish reversal.

Today, may have been a test or that may be yet to come (not advice, not a recommendation).

Tomorrow is Day 5, from last Wednesday’s high.

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

ON Semi … After-Hours

August 2, 2026 By in ON, Semiconductors, SOXX Leave a comment

Higher or Lower?

ON Semiconductor, is scheduled to report after-hours on Monday, link here.

If the overall sector (SOXX) is still continuing an upside squeeze, then ON could break higher on the earnings (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

Microsoft Hits The Wall

August 1, 2026 By in MSFT, Software, Spring-to-Up-Thrust Leave a comment

The Resistance Wall

It’s either good or bad, depending on one’s perspective.

Since, at this juncture, we’re looking primarily for short-side opportunities, it’s a good thing.

Upside risk is being reduced (not advice, not a recommendation).

The chart below, shows a familiar pattern emerging.

Microsoft MSFT, Daily

Price action from the recent lows is loosely following a Fibonacci sequence.

If that correlation holds, the next count is Day 34, August 12th, a Wednesday, release of CPI as the main event (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

PAYX … Reversal & Test

July 31, 2026 By in ADP, PAYX, PAYX-26-01 Leave a comment

Same As ADP

Both PAYX and ADP (yesterday), spiked above resistance on the same day, then reversed.

They’re moving in unison; today was a ‘test’ for both.

Tests can last one day or many. They can pass or fail. Anything can happen.

From a technical perspective, PAYX, is the weaker of the two, having retraced to the 50% level, not higher to 61.8%, as ADP (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

ADP: Target, Fill, Reverse

July 30, 2026 By in ADP, ADP-26-01 1 Comment

Checking All Three

Yesterday, ADP spiked higher on earnings, to fill a gap from October 29th, 2025.

It settled a little lower, closing the day at exactly the 61.8% retrace shown.

Today was at a gap open lower, then lower close to effectively post a reversal (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

Another Channel … Cadence

July 29, 2026 By in CDNS, Software, Wyckoff Leave a comment

Long Term Top?

At this juncture, CDNS, is posting within a downward trading channel (not advice, not a recommendation).

Near the end of the session, price action penetrated the prior session low.

So, we should all know what that means. 🙂

If CDNS is going to stay within the channel (a big ‘if’), tomorrow might see an upward attempt in a Wyckoff ‘spring’, before ultimately returning back to the lows (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

Jabil … Volume at Support

July 28, 2026 By in Artificial Intelligence, JBL, JBL-26-06, Semiconductors, SOXX Leave a comment

Similar to the SOXX?

We just saw what happened to the SOXX when volume increased at support, link here.

From that update:

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

Next session, SOXX broke lower and kept on going.

Now, Jabil closed near support; volume increased 43.2% over the prior session.

It’s also possible, price action is posting a trading channel Fibonacci 13-Days wide (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

Ciena … Trading Channel

July 27, 2026 By in Artificial Intelligence, CIEN, CIEN-26-02 Leave a comment

Brief & Perfunctory

Ciena may be in a trading channel.

Note how the centerline is ‘straddling’ price action.

For this channel to remain in-effect, CIEN needs to trade lower (immediately) at the next session (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

CORN … Target & Reversal

July 26, 2026 By in Corn, Teucrium, Wyckoff 2 Comments

Strategy, Tactics, Focus

Just over two-years ago, was this post, targeting CORN to bottom-out around the 16-level:

“However, shown on the chart is a potential low at the Fibonacci 76.4%, retrace.”

On June 30th, CORN hit an intraday low of 16.36, before reversing sharply to the upside.

Teucrium CORN, Weekly

As the chart shows, we’re in an apparent Wyckoff ‘spring’ condition; price action rising sharply after penetrating support (not advice, not a recommendation).

What we don’t have, is the ‘test’; there’s no way to say if there will be one.

However, the chart shows this coming week, is Fibonacci Week-5, from the 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

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

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