Monthly Archives: August 2026

CTAS … ‘Island Gap Reversal’

August 3, 2026 By in CTAS

Rare Occurrence

Island gap reversals are rare.

When one happens, it’s best to take note and determine the opportunities.

In the case of CTAS, it’s posting a bearish reversal.

Today, may have been a test or that may be yet to come (not advice, not a recommendation).

Tomorrow is Day 5, from last Wednesday’s high.

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

ON Semi … After-Hours

August 2, 2026 By in ON, Semiconductors, SOXX

Higher or Lower?

ON Semiconductor, is scheduled to report after-hours on Monday, link here.

If the overall sector (SOXX) is still continuing an upside squeeze, then ON could break higher on the earnings (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

Microsoft Hits The Wall

August 1, 2026 By in MSFT, Software, Spring-to-Up-Thrust

The Resistance Wall

It’s either good or bad, depending on one’s perspective.

Since, at this juncture, we’re looking primarily for short-side opportunities, it’s a good thing.

Upside risk is being reduced (not advice, not a recommendation).

The chart below, shows a familiar pattern emerging.

Microsoft MSFT, Daily

Price action from the recent lows is loosely following a Fibonacci sequence.

If that correlation holds, the next count is Day 34, August 12th, a Wednesday, release of CPI as the main event (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