Biotech (short) Close-Up

September 4, 2026 By in Biotech, XBI, XBI-26-10 Leave a comment

Documenting The Trade

Yesterday’s trade was a stretch to go short on biotech XBI, without (confirmation) posting a new daily low (yet),

Today, the new daily low … just barely.

What that does from a trading standpoint, is provide a definitive stop; yesterday’s high (not advice, not a recommendation).

From the chart, we’re at the edge of congestion with price action struggling to make new highs … that so far, are not happening.

Stay Tuned

Charts by StockCharts, TC2000

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

Biotech at The Edge (again)

September 3, 2026 By in $SPSIBI, ABNB, Biotech, CVNA, KMX, LABD, LABD-26-10, SPBIO, XBI, XBI-26-10 1 Comment

Is The Top, In?

Whether it’s Biotech XBI, Airbnb, CarMax or Carvana, trade set-ups are being worked that take place at the ‘edge of congestion.’

The last update on XBI, was here, August 24th, nine trading days ago.

The short, LABD-26-10 was immediately stopped out at the next session.

The index labored on, grinding in a range while posting a bearish MACD divergence on daily and weekly.

All of which, brings us to now.

The chart shows today’s action could not close above the resistance area posted back in July (not advice, not a recommendation).

There’s been no new daily low (yet).

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

SOXX at (down) Trend

September 2, 2026 By in Semiconductors, SOXS, SOXS-26-03, SOXX Leave a comment

Volume Contracts

In the early after-hours session (7:25 p.m., EST), the SOXX continues to hover at the right side down-trend line.

It’s been a steady, almost imperceptible grind lower over the past five sessions.

However, that right side line is declining at around -95%, annualized (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

Aflac … End or Trend?

September 1, 2026 By in AFL, Insurance 2 Comments

Is The Trend Over?

The daily segment at left, shows AFL has broken out of a trading channel … or more like drifted out of the channel.

The question then:

Is the trade over or are we just in a pause and looking for the right side trendline (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

Airbnb … 2nd (short) Attempt

August 31, 2026 By in ABNB, ABNB-26-05, ABNB-26-06, Real Estate 2 Comments

Watch The Volume

The last update on ABNB, link here, attempted a short (ABNB-26-05) at the location shown.

That trade was stopped out the very next day as price action pushed to a new daily high.

Now, a second attempt (not advice, not a recommendation).

The difference from today’s downside action as opposed to last Thursday’s is the significant increase in volume.

If ABNB manages to push higher from here and make a new daily high, then it’s time to step aside (from a short perspective) until the action becomes more clear.

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

Biotech … Breakout Bust

August 30, 2026 By in Biotech, IBB, SPBIO Leave a comment

Wedge ‘Throw-Over’

‘When price action heads south, bad news comes out.’

The chart below, shows we’re at a nascent reversal (not advice, not a recommendation).

Once a reversal takes hold and the money dries up, it’s likely to get very interesting.

Popcorn at the ready. 🙂

Biotech IBB, Daily Close

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

Time’s Up for Apple?

August 29, 2026 By in AAPL, Holiday Turns 2 Comments

Facts & Fibonacci

On July 31st, Apple had its largest single day thrust (energy) lower since late 2020.

Since then, it’s been a Fibonacci 21-Days to now, this past Friday.

As the chart shows, a bearish wedge has been formed, giving the appearance AAPL may be near the end of its corrective move.

Fundamentals

For those interested in fundamentals, APPL’s current valuation(s), we can thank our ‘commenter’ at this link. It’s an interesting read.

Apple AAPL, Daily

If AAPL posts a new daily low at the next session, the bearish wedge 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

Lowe’s Trade: 1%, per-day

August 28, 2026 By in LOW, LOW-26-01, Real Estate Leave a comment

Closing Out, For The Weekend

One could have a day-long discussion using just the chart segment at left.

From yesterday’s post, a higher open was expected and we got that.

Problem was that open did not (immediately) contact the right-side trend line and decay into a new daily low, closing lower (necessary criteria to hold short over the weekend).

Instead, it hovered just below yesterday’s high for most of the day.

The chart shows we’re right at support.

With that, LOW-26-01 was closed later in the day with a profit of 3.32% (not advice, not a recommendation).

We’ll see what happens at the Monday open.

Stay Tuned

Charts by StockCharts, TC2000

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

Lowe’s Heads Lower

August 27, 2026 By in Federal Reserve, Interest Rates, LOW, LOW-26-01, Real Estate, Up-Thrust 1 Comment

Repeating Trendlines

It hasn’t been the same for Lowe’s since the earnings release, link here.

Price action spiked on the news, formed an upthrust, tested that print, and now, reversed lower.

In addition, as the chart shows, we have a trendline.

On top of that, the very same rate of downtrend (with channel) has happened before.

Lowe’s LOW, Daily

Today was a gap-lower open (see zoom area).

It’s possible, LOW will come back (tomorrow) and close the gap while still remaining in the downtrend (not advice, not a recommendation).

Let’s not forget, Fed kabuki tomorrow morning. 🙂

Stay Tuned

Charts by StockCharts, TC2000

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

Airbnb and Bonds (divergence)

August 26, 2026 By in ABNB, ABNB-26-05, Bonds, Elliott Wave, Federal Reserve, Interest Rates, Ox Talks, Real Estate, YouTube Black Swan 1 Comment

A Lot, All at Once

Potential shock ahead.

That’s one way to describe what could happen via ‘Looking for Black Swans’, with the chart provided by Elliott Wave International.

Ruh, Roh

Adding some more chaos to the situation, is this.

What’s going to happen when ‘fiddling’ doesn’t work; when everyone figures out the emperor has no clothes?

Airbnb ABNB, Daily

ABNB surged on earnings with a gap higher, wide price bar, and heavy volume.

It then posted several weeks of congestion which at this juncture, looks like a terminating wedge.

Short position located as shown (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts, TC2000

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