SOXX … in a Channel?

June 10, 2026 By in Artificial Intelligence, Semiconductors, SOXX Leave a comment

Early Signs

It’s never too early to start looking for a trend.

While there may or may not be a trading channel, what we do have, are inflection points at Fibonacci counts, 1,3, and 5.

Next up, is ‘Day 8’ (not advice, not a recommendaiton).

Let’s see what happens.

Note, the ‘hanging man’ and this update provided a heads-up on the reversal potential.

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

SOXX, Rally (attempt) Fails

June 9, 2026 By in Artificial Intelligence, House of El - AI, Semiconductors, SOXX, Up-Thrust Leave a comment

Weak Gap-Close

If the current situation holds, the gap-close attempt in the SOXX, has failed (not advice, not a recommendation).

A short-lived upward spike in the morning session, was quickly reversed.

Anything can happen, the index could give it another try.

However, we see the situation unraveling on several fronts (A,I., and private credit), in real time, link here.

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

SOXX: Gap Fill, or Not?

June 8, 2026 By in Artificial Intelligence, Prechter, Semiconductors, SOXX Leave a comment

Rule of Alternation

One of the many characteristics of price action behavior, is alternation.

‘What happened last time, is not likely to happen this time’ (not advice, not a recommendation).

The chart shows the previous gap being filled.

What are the probabilities of the current gap being filled?

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

Silver’s Measured Move

June 7, 2026 By in 2007 - 2008, Gold & Silver, SLV, Wyckoff Leave a comment

Same Target, Different Method

The last update on Silver (SLV) was back in April, link here.

This past week’s action had SLV, breaking down from a wedge, targeting a measured move (not advice, not a recommendation).

The April link above, contained the prior ’08 meltdown scenario as an example, targeting a 60% decline; 43 – 44 area (not advice, not a recommendation).

Now, the wedge formation, targets ~46 (not advice, not a recommendation).

Silver ETF SLV, Weekly

We can see the breakout to the downside.

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 (not advice not a recommendation).

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

Paccar … Hits Resistance

June 6, 2026 By in PCAR, PCAR-26-04, Spring-to-Up-Thrust, Transportation, Up-Thrust Leave a comment

Up-Thrust Zone

The last update on Paccar, was back in February, link here.

At the time, it was just starting its topping and reversal process.

The chart shows at least two short-tradeable moves (up-thrust, wedge) and now, potentially a third (not advice, not a recommendation).

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

The SOXX ‘Blows Up’

June 5, 2026 By in Artificial Intelligence, House of El - AI, LITE, LITE-26-01, Semiconductors, SOXX Leave a comment

Just Like That

Yesterday’s ‘hanging man‘, indicated potential for reversal.

Today, it happened in a big way (not advice, not a recommendaiton).

At this juncture, anything can happen.

However, one thing seems to be a given; the A.I. clown show’s getting more bizarre, real-time: link here.

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

The SOXX ‘Hangs On’

June 4, 2026 By in Artificial Intelligence, AVGO, LITE, LITE-26-01, Ox Talks, Semiconductors, SOXX 3 Comments

Sort Of

What just happened?

Did the SOXX recover from the Broadcom inspired implosion?

Or is this a potentially failed attempt to reclaim the uptrend (not advice, not a recommendation).

Before we get to the chart, Ox Talks brings up a pivotal point, link here.

Paraphrasing, we have:

‘Everybody’s lying’

If that’s the case, why trust any ‘data‘ at all?

All of which brings us to potentially the only truth out there; the price.

Semiconductors SOXX, Daily

The ‘Secret’ Trading Signal

Performing a quick scan to find a decent description of ‘hanging man’ turned up the usual grifting suspects.

All of them, at least until I quit looking, were trying to turn this signal into a ‘secret’ method to trade the markets.

Needless to say, if you need a refresher, you’ll have to look for ‘hanging man’ on your own. 🙂

The actual pattern is not that big of a deal. It’s what happens next, that’s important.

What’s happening right now, as of 6:28 p.m. EST, in the after-hours, SOXX is eroding lower.

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

Russell … Re-Visited

June 3, 2026 By in AA, Artificial Intelligence, AVGO, IWM, IWM-26-01, Russell 2000, Semiconductors, TZA, TZA-26-01, ZeroHedge Leave a comment

Another (short) ‘Signal’?

The price action ‘signal’ at left, looks nearly identical to the one linked here.

In the case of Alcoa (AA), it continued lower for another day before the decline halted, then congested sideways.

Is that what’s going to happen with IWM?

Or, does the Broadcom implosion after-hours, potentially mark the beginning of the long awaited ‘correction’ (not advice, not a recommendation).

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

The A.I. ‘Clown Show’

June 2, 2026 By in Artificial Intelligence, House of El - AI Leave a comment

Search Engines Rejected

It might be time to get out the popcorn.

There seems to be an implosion coming but from which direction (first), is unknown.

El, from ‘House of El – AI’, link here, has an astonishing (and well presented) report on what’s really going on with A.I. search engines and returned ‘content’.

‘Independent websites are where independent thought lives’ (time stamp: 10:40)

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

The Russell Stalls

June 1, 2026 By in IWM, Russell 2000, TZA, TZA-26-01 Leave a comment

And (maybe) Reverses

Today’s action was an attempt to get back above resistance and close higher.

IWM, finished the day slightly above resistance (upper blue line) but closed lower.

After-market (as of 7:08 p.m., EST) is lower, still (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