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.

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

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.

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

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).

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

Paccar’s ‘Character Traits’

June 20, 2026 By in PCAR, PCAR-26-07, Transportation Leave a comment

Every Market, Has It’s Own

When we look at Paccar, several things are evident.

First, since the all time closing high on February 11th, this year, PCAR has been posting lower highs and lower lows, the definition of a downtrend (not advice, not a recommendation).

Secondly, and probably more important, since that closing high, PCAR likes to print a ‘wedge’ formation before a directional move.

Paccar Inc., PCAR, Daily Close

Thirdly, distance of each downside move (so far), from closing high within each wedge, to closing low, before reversal, is approximately the same distance.

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).

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

Silver … Test or Fail?

June 19, 2026 By in Gold & Silver, SLV, Wyckoff Leave a comment

Downside Pressure

The last update on silver SLV, presented a (potential) measured move target, link here.

At the end of that post, was this:

“However, we’re near support levels; penetrating those would technically put SLV in Wyckoff ‘spring’ position.

That would imply some upside testing before continuing lower.”

So, here we are.

SLV penetrated support, then moved higher in a ‘spring’ attempt, and is now back to test support levels.

Silver SLV, Weekly

If price action manages to bounce higher from here, moving past the weekly high (64.69), then momentum has shifted to the upside (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

SOXX … Blow-Off Top?

June 18, 2026 By in 1987, 2000 - 2001, Artificial Intelligence, Banking, FAZ, FAZ-26-01, Financial Sector, KRE, Semiconductors, SOXS, SOXS-26-06, SOXX, XLF Leave a comment

Shades of August 1987

For those who were there in 1987, and later in 2000, the market’s rise was relentless … until it wasn’t.

With the SOXX pushing through to new highs (all shorts closed), one gets the feeling, unless there’s a reversal soon, we’ve now entered a very dangerous stage a la 1987 (not advice, not a recommendation).

The bond market’s signaling that ‘something’s up’. The financials (XLF) have just topped and reversed. Banking (KRE) appears to be at some kind of top and on it goes.

Financial Sector XLF, Daily

If I was short this sector (FAZ-26-01), the stop would be today’s high (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

AMD … Top and Test

June 17, 2026 By in AMD, AMD-26-02, Artificial Intelligence, Semiconductors, SOXS, SOXS-26-06, SOXX Leave a comment

‘Stealth’ Test?

AMD, posted its all-time high during the regular session this past Monday.

Then, like the SOXX, yesterday was a lower , down -7.3%, with the SOXX down -5.92%.

Today, was a potential test of that reversal (not advice, not a recommendaiton).

The 60-min chart has a minor ‘up-thurust’ (blue arrow) during the test, followed by downside action.

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 Tops at ‘633’

June 16, 2026 By in SOXX, SOXS, Spring-to-Up-Thrust, Semiconductors, Artificial Intelligence, Up-Thrust, SOXS-26-06 Leave a comment

Pre-Market Pivot

Is this the start?

Is everybody going to run for the exits (not advice, not a recommendation).

From yesterday’s update, we had this:

“If the SOXX stalls here and either reverses today (below resistance) or prints a new daily low tomorrow, then we’re at The Danger Point®”

Well, ladies and gentlemen; pre-market top 633 as noted and now, early in the session, a new daily low.

Semiconductors SOXX, Hourly

Currently testing underside resistance.

Of course, anything can happen. The SOXX could recover and move on to new all-time highs.

However, since posting a new daily low, below established resistance, we’re at The Danger Point® where risk on a short position is least (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

SOXX …’Up Close’

June 15, 2026 By in Artificial Intelligence, Semiconductors, SOXS-26-06, SOXX, Spring-to-Up-Thrust, Up-Thrust 1 Comment

Just Above Resistance

We’re at mid-session and this is how it looks for the SOXX.

New all-time highs while at the same time, posting a repeating pattern, link here (not advice, not a recommendation).

Of course, it’s what happens next, that’s important.

If the SOXX stalls here and either reverses today (below resistance) or prints a new daily low tomorrow, then we’re at The Danger Point®

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

A.I. and A.I. ‘Adjacent’

June 14, 2026 By in Semiconductors, Artificial Intelligence, Ed Dowd, Up-Thrust, ENTG, House of El - AI, ENTG-26-04 Leave a comment

What exactly, is that?

We’re probably way past extremes like the ‘sock-puppet‘ era of dot-com boom/bust.

Ed Dowd, in recent interviews has mentioned the concept of ‘A.I., and A.I., adjacent’, for the downside. (not advice, not a recommendation).

So, what is ‘A.I. adjacent’, exactly?

Loosely translated, ‘businesses or products used to support the A.I. hysteria.’

All of which, brings us to Entegris.

Entegris ENTG, Weekly

Attempted breakout (Up-Thrust) from late April to early May results in downward action.

Last Friday, price action tentatively pushed itself above resistance, again (Test).

With the A.I. narrative unravelling by the day if not the hour, one has to wonder, if this ‘breakout’ will hold (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