Category Archives: CRWD

CrowdStrike ‘Wedge’

July 19, 2025 By in CRWD 3 Comments

Back Into The Pattern

The insert at left, shows CrowdStrike (CRWD), on a monthly scale.

The month of June posted a ‘throw-over’ out of the terminating wedge pattern.

The month of July (so far) has posted a return back into that pattern.

The coming week may see an attempt to rally. If so and depending on price action, the risk on a short position may be reduced (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

CrowdStrike’s … Terminal Wedge

July 11, 2025 By in Cramer, CRWD, Positions, Richie Naso, SOXX, SOXX-25-03, SOXX-25-04, WMT, WMT-25-04, Wyckoff

Contrary Indicator(s)

Part of the wedge ‘Throw-Over’ as we’ll see in the chart, may have been in response to this, link here.

With the ‘all clear’ going out to millions of ‘investors’, what could go wrong?

Looking at it from a strictly Wyckoff, and chart pattern perspective (a la Richie Nasso), probabilities favor a reversal (not advice, not a recommendation).

CrowdStrike CRWD, Daily Close

Price action has entered back into the pattern.

Positioning

No active positions in CRWD … yet.

After yesterday’s trend-break (into the pattern), there’s a possibility for a rally to test.

Other Markets

SOXX short, was re-opened as SOXX-25-04, with stop at yesterday’s high (not advice, not a recommendation).

Wal-Mart short, WMT-25-04, remains active, with stop being moved down to (near) the last session high of 96.91 (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

Miners & CrowdStrike

July 2, 2025 By in CRWD, DUST, DUST-25-05, GDX, GLD, Gold & Silver, Gold Miners, Positions

A Tale of Two ‘Set-Ups’

When looking at the price action of Senior Miners, GDX, you get the sense, ‘it had to be this way’.

That is, the only way to get up enough energy to close the gap shown below, was to have two successive (lower) ‘spring’ attempts.

Senior Miners, GDX, Daily

Yesterday’s action closed the gap.

What comes next is unknown, but we do have a ‘line in the sand’; that is, if miners (and gold) are to continue on a potential ‘hyperinflation breakout’, then, GDX must post a new daily high above yesterday’s 53.04, at some point.

Either way, Hard Stop of DUST-25-05, at 23.69 (not advice, not a recommendation).

Now, on to CrowdStrike.

CrowdStrike, CRWD, Daily

Yesterday’s action was ‘outside-down’.

We’re right at resistance, that will become support if CRWD, is able to rally from here.

If not, and CRWD posts (consistently) below resistance, then we’re at the top edge of a rising wedge pattern that’s been forming since July, of last year.

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

Pre-Market Action & Stops

June 23, 2025 By in $SPSIBI, Biotech, CRWD, CRWD-25-05, CVNA, CVNA-25-05, LABD, Positions, SPBIO, WMT, WMT-25-02, XBI

Watch The Highs

All three short positions discussed in last night’s update are trading lower in the pre-market session.

On a percentage basis, Carvana (CVNA) is down the most by about -1%.

At this point, the trading plan is simple; stops for all three are at, or near, the last session highs (not advice not a recommendation).

Moving on, we have an index that may be getting interesting, biotech XBI.

Back in late May, was this post.

Let’s see where we are now.

Biotech XBI, Weekly

A casual inspection of the chart shows price action ‘respecting’ the Fibonacci retrace levels.

For the past two weeks, XBI has drifted lower without decisive conviction.

It could continue its path to lower levels.

However, for a dynamic, sustained move, we need some type of catalyst, like taking out the (potential) stops at the location noted.

On the sidelines for now (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

Sunday Night Futures

June 22, 2025 By in CRWD, CRWD-25-05, CVNA, CVNA-25-05, GLD, Gold & Silver, Positions, WMT, WMT-25-02, Wyckoff 1 Comment

Gold’s ‘Rally Fatigue’

If there ever was a reason for gold to launch massively higher, huge gap-up open, you’d think it would’ve been yesterday’s bombing of Iranian nuclear facilities, right?

Seems like gold, currently trading slightly higher (up just +0.19%), now threatening to go negative, may be tired of the never-ending ‘sky is falling’ narrative.

The overall public does not (or refuses to) recognize, ‘narratives’ are part of the deception, part of the manipulation (not advice, not a recommendation).

Wyckoff said it over a century ago, ‘Until you can ignore the news entirely, you will never be successful in the markets’.

Of course, gold could rally from here. Anything can happen.

However, we need to recognize, gold (GLD), is not all that far away (just 1%) from the level discussed in this update.

Strategy First

Trying to ‘figure it all out’, is not the essence of Wyckoff analysis.

Wyckoff attempts to determine the ‘what’ of the markets, not the ‘why’.

With that, there are three open positions: all of them short (not advice not a recommendation):

CVNA-25-05, CRWD-25-05, and WMT-25-02

Tomorrow (Monday) pre-market, an update is planned for short-covering exits (if any) and stop levels.

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

CrowdStrike … Then & Now

June 19, 2025 By in CRWD, CRWD-25-04, Positions, Up-Thrust, Wyckoff

‘Somebody, Always Knows …’

CrowdStrike may have reached a top, or maybe ‘the’ top (not advice, not a recommendation).

Depending on price action, this update could be part of a series.

With the chart below, we’re going to start first with ‘then’, and also first, with some background on the cyber ‘glitch’.

Background

The software crash of July 19th, 2024, was the result of an update, not external cyber-attack, link here.

Damage as result of lost revenue (for subscribers), was in the $Billions … with a ‘B’. 🙂

The effects of that loss are still reverberating, evidenced by CrowdStrike’s earnings, links here, here, and last year, here.

CrowdStrike CRWD, Daily

As noted (on the chart), there was clear evidence something was wrong, well before the ‘glitch’.

The most recent earnings release saw a sharp drop, -8.9%, at the lows; volume doubled from the prior session.

Then, nine trading days later, CRWD, inches to a new all-time high.

Yesterday’s action was down with a potential ‘change of character’.

Currently short: CRWD-25-04, with a stop near the session 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

Sell, Into The ‘Heat’

June 5, 2025 By in CRWD, CRWD-15-01, Positions

Against The Herd

Yesterday, CrowdStrike came on the radar with its less than stellar, earnings release.

That, along with pre-market action, put CRWD on the ‘short’ list (not advice, not a recommendation).

Let’s not forget, no P/E, and no yield. 🙂

The open was well below support.

It was tempting to go short immediately; the challenge, wait as long as possible (and not miss the entry).

CrowdStrike CRWD, 15-minute

Sell, into the ‘heat’.

Short entry @ 468.285 (note: correcting yesterday’s error of 468.25).

As the short was entered, CRWD, was screaming higher, nearly straight up.

We can see in retrospect; the entry was near the high.

In the markets, you’re either early, or late; I’d rather be early (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

CrowdStrike … Whacked!

June 4, 2025 By in CRWD, CRWD-15-01, Positions

Just The Beginning?

A self-inflicted wound.

Already short @ 468.25, CRWD-25-01, with stop to be the session high (not advice, not a recommendation).

Earnings release just out, shows, Revenues ‘below estimates’, link here.

CrowdStrike website, link here.

History of CrowdStrike from Wiki (not an endorsement), link here.

Charts to follow.

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