Nasdaq Qs … ‘Straight Up’

June 30, 2026 By in Nasdaq, QQQ 2 Comments

What’s Next?

It’s been two days of straight up, for the Nasdaq.

Tomorrow could make it a third but is that ‘normal’ market behavior, given the chart at left?

After breaking through one level of resistance and then, hitting another, the more probable action is to retrace and test the lower support (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

Corning, Parabolic … Again

June 29, 2026 By in CAR, GLW, SLV Leave a comment

How Long Can 2-million% last?

Parabolic action is similar to commodity blow-off action; for that, we have at least two recent examples (not advice, not a recommendation).

Those two are: First, and actual commodity, silver (SLV) and then Second: A massive, short squeeze (CAR).

Silver posted its reversal on the daily, January 29th.

For CAR, it was all over within hours on April 22nd, closing down -37.82%.

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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’s Breakdown

June 28, 2026 By in CVNA, IYT, Transportation, XLY Leave a comment

Wedge, with Volume

Carvana’s all-time highs were posted in January, this year.

Since then, it’s been a choppy grind lower (not advice, not a recommendation).

At this point, price action has a wedge breakdown.

Adding to that, last Friday included a lower close and volume surge, 262% over the prior session.

Carvana CVNA, Daily

From a sector standpoint, transportation (IYT), is trending higher, while consumer discretionary (XLY), is lower.

So, we have to ask ourselves, is Carvana part of transportation, discretionary, both, or in its own category?

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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

Nasdaq ‘Wedge’

June 27, 2026 By in 1929, 1987, Nasdaq, QQQ 2 Comments

Final Move?

If the Nasdaq, QQQ manages to breakout higher from its wedge pattern, the rally may last into August; the top of the market in 1987 (not advice, not a recommendation).

Such a rally would need to start soon, if the pattern is in-effect.

Otherwise, we may see it morph into something else or fail, with a decline from here.

Nasdaq QQQ, Daily

Note how Force Index (zoom area) has oscillated itself into an inflection point.

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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

Semi’s to Rally?

June 26, 2026 By in Artificial Intelligence, BTU, ON, QCOM, Semiconductors, SOXX, Wyckoff Leave a comment

Next Leg Higher

As incredible as it may seem, looking the SOXX and Qualcomm in particular, a rally may be the next significant move (not advice, not a recommendation).

Of course, some of the semi’s are completely imploding , like ON, today.

Making acquisitions at the top. You can’t make this stuff up. Didn’t Peabody Energy try that one … then, went bankrupt … almost twice. 🙂

Back to the chart.

Qualcomm QCOM, Daily

Volatility has exploded over the last several months. The range has ben compressed to show the action.

If the overall SOXX was going to collapse, today would have been a good day.

However, as we see with QCOM, it penetrated support and stopped dead; a Wyckoff spring set-up (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

Paccar Trade Busted

June 25, 2026 By in PCAR, PCAR-26-08, Transportation Leave a comment

Sometimes, It Doesn’t Work

It didn’t take long for PCAR to quickly negate the ‘wedge‘ analysis.

Price action blew through the stop level (prior session high) and proceeded to launch into what might be an up-thrust (not advice, not a recommendation).

Standing aside for now to see what happens next.

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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 … Break and Test

June 24, 2026 By in PCAR, PCAR-26-08, Transportation 1 Comment

Barely Closing Higher

The PCAR trade plan, already posted with this update.

From that:

“If we get a breakdown from this point and using that bit of insight, a measured move target is within the vicinity of 103 (not advice, not a recommendation).”

Yesterday, the breakdown and today, a potential test.

The expectation is for continued downside (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

Cadence, Short-Lived-Short?

June 23, 2026 By in CDNS, CDNS-26-04 Leave a comment

New Daily Low

CDNS criteria (short entry) in yesterday’s update, posted today (not advice, not a recommendation).

Note, the stop is exceptionally tight.

With tight price action and tight stop, the trade could be short-lived.

That said, we may exit overnight, early morning, or not at all if the day’s high is not penetrated.

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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

Cadence Struggles at Highs

June 22, 2026 By in CDNS 1 Comment

Watch The Lows

It’s been over three weeks of struggle for Cadence Design Systems.

As the chart notes, the level to watch, is today’s low at 378.2.

If tomorrow’s action prints a new daily low (below 378.2) without making a new daily high, CDNS may have exhausted its attempts to breakout higher; ready for the downside (not advice, not a recommendation).

If that happens, we’ll analyze the daily chart.

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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

Bonds (TLT) Bullish Channel

June 21, 2026 By in Bonds, Interest Rates, TLT, Wyckoff Leave a comment

As the press, gets bearish

At this point, bonds (TLT) remain in an upward channel (rates lower), just as the press begins talking about rising rates (not advice, not a recommendation).

In his writings, Wyckoff was blunt about following the financial news (emphasis added):

‘If you listen to the press, you will never be successful in the markets’

Shown on the chart is the ‘stick save’ post, here.

Since that reversal, we’ve had steady demand with minor (38% or less) pull-backs (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