SPG … Test Complete?

April 24, 2026 By in Real Estate, SPG, SPG-26-01 Leave a comment

What’s Next?

The last update on SPG, said this:

“Since price action looks quiet, no big fanfare of the (potential) reversal, an upward test of some type is probable”

Yesterday, may have been that upward test.

Especially so, if we get a new daily low today (not advice, not a recommendation).

Simon Property Group SPG, Daily

Note how volume contracted by 33%, when compared to the prior session 🙂

An in-the-market hard stop is 205.66, with a discretionary stop at yesterday’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

Alcoa … Top, Drop, Test

April 23, 2026 By in AA, AA-26-03, Basic Materials, Linda Raschke, Spring-to-Up-Thrust, Up-Thrust Leave a comment

Trading Channel

Today’s new daily low, indicates test of the up-thrust reversal (below), is complete.

During yesterday’s open, as the initial minutes pushed action higher, a short was opened (not advice, not a recommendation).

As Linda Rashke just got done telling us:

‘You need to have the market available (for your position) to take or provide your ‘inventory’

That means, selling out the longs or going short as the market is liquid or rising (not advice, not a recommendation).

Alcoa Corporation AA, Daily

Managing this trade, is watching the channel, maintaining position as long as price action dictates (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

Simon Property Group

April 22, 2026 By in 2007 - 2008, Real Estate, SPG 1 Comment

The Pattern, Repeats

During the past two financial wipe-outs, Simon Property Group imploded.

From SPG’s highs in July 2016, to 2020 lows, SPG cratered -85.9%.

Before that, during the ’07 – ’09 meltdown, SPG followed suit with a swan dive of -80.4%, top-to-bottom.

Now, SPG is posting a repeating pattern.

Simon Property Group SPG, Daily

At this juncture, there are three possibilities:

Continuation lower, Upward test, then continuation lower, or Continuation higher.

Since price action looks quiet, no big fanfare of the (potential) reversal, an upward test of some type is probable (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

GE, Spikes in Pre-Market

April 21, 2026 By in GE Leave a comment

Earnings Release

GE just released earnings and has been trading in an 18-point range (green bar) in the pre-market.

The action’s consistent with the prior update; we’re (potentially) in a head and shoulders top (not advice, not a recommendation).

Update: 8:09 a.m., EST

GE, now in a wild 28-point range indicating potential regular session volatility.

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

Thermo Fisher … Update

April 20, 2026 By in TMO, TMO-26-01 Leave a comment

‘Expectations’

The expectation for TMO, was an immediate (decisive) continuation lower after its ‘test‘.

It didn’t happen. At least, not yet.

Instead, we have what appears to be coiling action.

There could still be a move to the downside.

However, earnings are coming up on Thursday (4/23) before the open.

It’s a little bit late to have an open short with no significant profit leading into that event (not advice, not a recommendation).

Trade TMO-26-01, exited at essentially break-even.

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

GE … Head & Shoulders

April 19, 2026 By in GE, TMO, TMO-26-01 1 Comment

Giving it all she’s got, Captain

If an all-out war can’t lift GE to new highs, then what can?

With the on-again, off-again, and now back on-again hostilities, we’ll get to see if this next round of kabuki causes any kind of upward blip in GE.

In the meantime, let’s look at what the market is actually doing; not what it ‘should’ do in response to news.

General Electric GE, Daily Close

In similar fashion to Thermo Fisher (TMO) testing its reversal last Friday, link here, GE appears to be doing the same (not advice, not a recommendation).

Futures open is later today.

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

The Top 1%

April 18, 2026 By in Floored, Linda Raschke, The Top 1% 2 Comments

Linda Raschke, Master Trader

She needs no introduction but for those unfamiliar, here are some references.

Featured in the documentary Floored, her comments start at time stamp 4:34.

Other YouTube references are here and here.

Interview: Linda Raschke

Recent comments on being proficient, successful, flexible and un-biased, link here.

She speaks for a total of nine-minutes and twelve seconds; every single word is important.

Key Takeaways:

‘Ego, and calling direction, the most harmful thing a trader can do’

‘Attempting to project’

‘Waiting for the opening, does not come along that often’

‘Using weekly chart’

‘Frequency of Occurrence per market’

‘Profit centers’

‘It’s an 80-hour a week job’

‘Always looking ahead to the next trade and not thinking about trying to get back in’

‘Maintain fexibility’

‘No opinions … period, don’t box yourself into a corner’

‘Even verbalizing creates a bias’

‘Where the market shouldn’t go’

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

Thermo Fisher … Another Set-Up

April 17, 2026 By in CDNS, CDNS-26-03, TMO, Up-Thrust 2 Comments

Next Leg Down?

Unlike Cadence (CDNS) which has not made a new daily low from its up-thrust position, Thermo Fisher Scientific at left, has made that low.

Today, could be a continuation to the downside or a test of the 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

Cadence … Lying in Wait

April 16, 2026 By in CDNS, Spring-to-Up-Thrust, Up-Thrust 1 Comment

Repeating Pattern, Near Complete

There have been two short-position trades (not discussed on this site) in Cadence CDNS, so far this year.

Both were small losses.

After the last trade on March 5th, notes were made on the watch-list chart, to the effect:

‘Wait for the up-thrust’

Fast-forward to today.

If CDNS manages to finish the day above the close of March 4th (305.43), it would then be in up-thrust position (not advice, not a recommendation).

The chart shows the situation as of 11:45 a.m., EST

Cadence Design Systems CDNS, Daily Close

Note the ‘Ready’ indication.

That arrow corresponds to this link.

In my opinion, the comments on that post are nearly, if not more important, than the post itself.

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

Corning … Tops and Stalls

April 15, 2026 By in Artificial Intelligence, GLW, GLW-26-10, Up-Thrust Leave a comment

Three-Day divergence

The last two trading days for GLW, have posted new daily lows, and closed lower.

On the 3-Day chart at left, tomorrow is ‘Day 3’ for the current price bar.

We have an obvious bearish MACD divergence.

Price action is also in ‘up-thrust’ position (potential reversal) with current price level just above prior resistance (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