Entegris … Down, – 11.22%

July 5, 2026 By in APH, ENTG, Semiconductors, Up-Thrust, Wyckoff Leave a comment

Ease of Movement

Semiconductors weren’t the only ones hit hard last Thursday; suppliers were as well.

The table at left, shows the top eight. All, deeply in the red as of the last close.

For today’s discussion, we’re looking at Entegris, ENTG.

The last update was here.

Since then, ENTG has posted a false breakout, or a Wyckoff Up-Thrust (not advice, not a recommendation).

Entegris ENTG, Daily

As in the case of Amphenol, yesterday, there’s a well-defined risk level, if short; Thursday’s high at 166.76 (not advice, not a recommendation).

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The Danger Point®, trade mark: No. 6,505,279

Amphenol … At-The-Edge

July 4, 2026 By in APH, APH-26-02, Artificial Intelligence, Up-Thrust, Wyckoff 1 Comment

Extremes

It’s not often there’s such a well defined risk on any trade, long, or short.

In the case of Amphenol, all-time highs, followed by a reversal and close below resistance.

That’s the definition of a Wyckoff ‘Up-Thrust’.

Such a set-up does not guarantee anything.

We’re interested in minimizing the risk as much as possible.

In the case above, if short, a good point for exit on a failed position would be last Thursday’s high at 173.00 (not advice, not a recommendation).

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The Danger Point®, trade mark: No. 6,505,279

Construction Sector … Breakdown

July 3, 2026 By in Artificial Intelligence, EME, Engineering & Construction, FIX, PWR, Semiconductors, ZeroHedge Leave a comment

Weakest of Three

Semiconductors weren’t the only ones going over the edge yesterday.

Engineering & Construction was as well (not advice, not a recommendation).

Stories like this, may be a clue.

Of the three largest caps, PWR, FIX and EME, the weakest price action (at this time) is Emcor Group Inc., EME.

Emcor Group, EME, Daily

Yesterday, was a breakdown through a long term trendline (dashed blue line).

‘Normal’ market behavior, like discussed with the semi’s (yesterday), is to come back for a test (not advice, not a recommendation).

If that test happens, there’s no required timeframe.

Price action itself will let us know.

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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

SOXX … ‘Straight Down’

July 2, 2026 By in Artificial Intelligence, QQQ, Semiconductors, SOXX 1 Comment

Testing The Break

For those already short, it was a good day.

For those long or waiting to go long, it was not so good.

However, even as this post is being created, the SOXX is retracing higher in the after-hours, testing its trend-line break (not advice, not a recommendation).

Today’s action saw the lower wedge trend-line broken to the downside on increased volume.

Note: The Nasdaq (QQQ) has not broken its lower line but stopped right at the wedge boundary.

Semiconductors SOXX, Daily

While testing of the break is ‘normal’, anything can happen.

If the breakdown stays in-effect, the measured move target is around 487 (not advice, not a recommendation).

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The Danger Point®, trade mark: No. 6,505,279

Corning: Retrace or Reversal?

July 1, 2026 By in GLW, Nasdaq, QQQ Leave a comment

What Comes Next …

The Qs retraced as anticipated but so did Corning (GLW), in more dramatic fashion.

Looking at the chart, note how the Fibonacci retrace levels ‘fit’ GLW price action.

The down-draft energy dissipated after the initial collapse, so what happens tomorrow is important.

As of this post, in the after-hours, the Qs are at just at their session lows and edging higher (not advice, not a recommendation).

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The Danger Point®, trade mark: No. 6,505,279

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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The Danger Point®, trade mark: No. 6,505,279

Corning, Parabolic … Again

June 29, 2026 By in SLV, GLW, CAR 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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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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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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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