Category Archives: CVNA-25-05

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

Carvana … Closes The ‘Gap’

June 20, 2025 By in Car Questions Answered, CVNA, CVNA-25-05, KMX, Positions

Good News … Maybe

Carvana was up today on good news from rival CarMax, link here.

Today’s action in CVNA (segment at left), closes the gap (blue arrow) discussed in this update.

Adding intrigue, we have links like this.

Currently short CVNA, (CVNA-25-05), with stop near today’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