Author Archives: thedangerpoint

SOXX Implodes

October 30, 2026 By in INTC, Semiconductors, SOXX Leave a comment

Capitulation or Kick-Off?

The SOXX was down hard on heavy volume, led by one of the laggards, Intel.

Meanwhile, we see the SOXX net distance (down) is either constant, or slowing.

Volume could be a ‘kick-off’ to lower levels, or a temporary ‘capitulation’ (not advice, not a recommendation).

Note the massive gap

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

CarMax … Friday, ‘Day 13’

October 29, 2026 By in KMX, Transportation 2 Comments

Repeating Channels

The chart segment shows KMX, is currently in a channel with tomorrow, as Fibonacci Day 13 from the October 14th lows.

All trendlines on the chart are exactly parallel.

We see at left, CarMax has repeated its current (trading) channel before.

If KMX, posts a new daily high tomorrow, it’s a perfect ’13’ (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.

Oil & Gas … ‘OXY’

October 28, 2026 By in Oil, Oil & Gas, OXY, OXY-26-08, Up-Thrust, XOP Leave a comment

Down From The Highs

Continuing with the theme of Oil & Gas producers (XOP) at the extreme and potentially backing off, we have Occidental Petroleum OXY (not advice, not a recommendation).

OXY is posting the usual suspects of up-thrust (past resistance), then a return below and test.

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.

SOXX Nears (retrace) Target

October 27, 2026 By in Semiconductors, SOXX Leave a comment

At Resistance

The last update on the SOXX, had this:

“However, at this juncture, a retrace to 38%, (and gap-fill) seems more probable.”

The chart shows SOXX, just shy of the 38.2% level.

At the close today, we’re at established resistance.

A slight retrace down (gathering steam) is normal before penetrating resistance to the upside, if that happens (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.

Oil & Gas … Reversal?

October 27, 2026 By in Oil, Oil & Gas, Wyckoff, XOP, XOP-26-11 Leave a comment

What About ‘Higher’?

Wyckoff said a century ago:

‘The tape is the master, and the tape, is a tyrant’.

We have to go with what it’s telling us.

Looking at XOP, it’s possible we’re in a wedge ‘throw-over’ reversal (not advice, not a recommendation).

Watching for a new daily low … otherwise we’re (potentially) back to higher levels.

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 Set-Up

October 26, 2026 By in $SPSIBI, Biotech, BIS, BIS-26-01, IBB, MRNA, SPBIO, Speck-Effect, Spring-to-Up-Thrust, The Speck 2 Comments

In Brief

At this point in time, the main components for biotech IBB, are listed here.

Note that ‘chief cook and bottle washer’ Moderna, is No. 5, on that list.

IBB’s closing price action shows a repeating set-up.

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

Exxon’s ‘Measured Move’

October 25, 2026 By in Great Depression 2.0, Greater Depression, Oil, Oil & Gas, XOM Leave a comment

The Final Kibosh

Exxon, may be in the process of a commodity style ‘blow off’ move.

What the chart appears to be telling us, oil (and gasoline) prices are going higher, much higher (not advice, not a recommendation).

That’s at least before they go lower, in a (potential) demand destruction, depression level event.

Exxon XOM, Weekly

If XOM, follows its current trajectory, measured move levels would be reached right about the end of this year (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

Airbnb … In Now, The Time?

October 24, 2026 By in ABNB, ABNB-26-13, Real Estate, Up-Thrust, ZeroHedge 2 Comments

Testing The Test, Complete?

Before we get to the chart, let’s start with this from ZeroHedge:

US Pending Home Sales Collapse To Record Lows In September, link here.

Next, we’ll paraphrase a comment.

Note: If you want to see the direct quote, it’s the first one in the article:

‘The reason real estate is not selling is because of doubt. Doubt about the economy, war, the country and whether ‘normal’ will ever come back‘.

Well, we have news, ‘normal’ is not coming back.

We’re in a new paradigm.

With that, let’s remind ourselves on ‘why’ ABNB launched higher this past August 7th, link here.

The link is of interest, as it tells us the ‘official’ narrative.

Now, looking at what price action is actually doing.

Airbnb ABNB, Daily Close

The last update on ABNB, was here, where it said, price action is likely in an upside test.

At this point, we may have the beginnings of a reversal (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

SOXX (upside) Targets

October 23, 2026 By in Semiconductors, SOXS, SOXS-26-14, SOXX 1 Comment

Energy Dissipates

Today was supposed to be downside continuation if the trading channel was to remain in effect.

It didn’t happen

As the downside energy appeared to dissipate during the session, short trade SOXS-26-14, was closed with profit at +15.14% (not advice, not a recommendation).

The blue arrow shows Force Index losing steam to the downside.

The magenta arrow shows price action pushing through the trading channel.

Of course, more selling can come in late Sunday and into the Monday open.

However, at this juncture, a retrace to 38%, (and gap-fill) seems more probable (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

SOXX … Gap-n-Go

October 22, 2026 By in Artificial Intelligence, AZO, Semiconductors, SOXS, SOXS-26-14, SOXX, Transportation Leave a comment

Successive Gaps

The SOXX, posting a series of gaps lower.

At this point, it does not look like they’ll be filled anytime soon.

One can never be certain; nearly five months after AutoZone created a massive gap, it’s being filled as we speak (not advice, not a recommendation).

The channel lines on the chart are drawn to capture the majority of the price action.

If this is the ‘correct’ channel, yesterday’s price action was an attempt to push out that was quickly negated.

We’ve seen this type of ‘push-n-back’ market behavior before, in biotech XBI, link here.

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