Category Archives: David Weis

Airbnb … Testing its Reversal

October 17, 2026 By in ABN26-07, ABNB, ABNB-26-06, David Weis, Real Estate 5 Comments

Wide, High-Volume Bar(s)

Nearly twenty years ago, David Weis said in his training video:

‘Wide, high-volume bars, tend to be tested’

Now, twenty years later, we see that exact thing happening with Airbnb.

On August 7th, this year, ABNB launched 17.43%, with twice normal volume after an earnings release; links here and here.

So, we have a ‘wide, high-volume bar’.

What’s most likely to happen next?

Airbnb ABNB, Daily

What’s most likely, is the wide bar gets tested.

If we know that wide bars tend to get tested, then trades can be planned accordingly (not advice, not a recommendation).

After the launch phase and during the reversal, ABNB was traded profitably to the downside: ABNB-26-06, and ABNB-26-07.

With that said, what happens next, or what’s likely to happen?

We’ll cover that, in tomorrow’s update.

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

The Top 1%

October 10, 2026 By in David Weis, Linda Raschke, Spring-to-Up-Thrust, Up-Thrust, Wyckoff 2 Comments

Raschke, Weis and Wyckoff

The late David Weis once said he kept a copy of Wyckoff’s autobiography in his office, near him.

He made notes on it and marked it up so many times, the cover had fallen off.

His website (now deactivated) had a picture of him holding an original first edition Wyckoff ‘Studies In Tape Reading‘.

The last time I checked, that edition (if you could find one) in good condition, went for around $3,500.

All of this, ties-in with a recent interview of master trader, Linda Raschke, link here.

Wyckoff is specifically mentioned at time stamp: 10:52

In fact, just a few seconds later, we have a discussion on ‘springs’ and ‘up-thrusts’. 🙂

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

Do (trading) ‘Channels’ Work?

September 30, 2026 By in David Weis, XLF 2 Comments

Exhibit ‘A’

A ‘reverse trendline’ is a technique (described by Weis in 2007), where the left-most trend is plotted first, then copied and moved to the right to contact price action.

That was done for XLF.

One might think the channel was drawn just before this post.

In actuality, trendlines were drawn about eight trading days ago.

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 … Diving into Details

May 23, 2026 By in Artificial Intelligence, David Weis, Dr. Elder, Semiconductors, SOXS, SOXS-26-04, SOXX, Spring-to-Up-Thrust, Up-Thrust

Hourly Numbers

When you add it all up, if the SOXX was going to reverse from all-time highs into a sustained correction, Friday’s close would be a good place to start (not advice, not a recommendation).

Prior updates have been consistent with the (Wyckoff) premise, upward thrusts are covering less net distance.

SOXX Hourly Details

First, the markets are fractal.

We see the same repeating pattern of ‘spring to up-thrust’, on the hourly as on longer timeframes.

Second, tops and bottoms are different.

The characteristic of the ‘spring’ bottom and the ‘up-thrust’ top are how markets behave.

Bottoms, ruled by fear, typically sharp and well defined.

Tops, ruled by hope, typically wide and rounded.

Semiconductors SOXX, Hourly

The top shown above, is what David Weis used to call, The Danger Point®, where risk (cost) of being wrong (on a short, in this case), is least.

In his video, he points out this type of action, saying ‘the market could just keep on going … so what’.

His meaning was, it’s the point where there’s instability, therefore, potential for reversal (not advice, not a recommendation).

For those who don’t have that video, it is timeless wisdom, still available 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

Alcoa … Dramatic Breakdown

April 28, 2026 By in AA, AA-26-03, AA-26-04, David Weis, Dr. Elder, Up-Thrust 2 Comments

Textbook

With a short-entry signal that’s straight out of David Weis’ training video (recorded in 2007), Alcoa breaks down in dramatic fashion (not advice, not a recommendation).

As of this post, 11:34 a.m., EST, Alcoa has gap-opened lower, currently down, -5.10%.

Alcoa AA, Daily

Prior short, AA-26-03, was exited last Friday with profit.

That action proved to be correct. The next session (yesterday), was a rally into a test.

Today, was a gap-lower open.

There’s a potential for a sustained move. Short, AA-26-04, opened with a stop located at yesterday’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

DoorDash … Reversal Update

January 7, 2026 By in Bert Dohmen, DASH, DASH-25-01, DASH-26-01, David Weis, Wyckoff 2 Comments

Volume Clues

First time coverage on resistance and (potential) downside reversal on DASH, was here.

At this juncture, DASH gives us a volume clue.

Bert Dohmen commented in recent interviews, that ‘no one looks at volume’.

He (Dohmen) thinks it’s important as did Wyckoff and David Weis; covered on this DVD.

Today’s action stalled at resistance (blue line).

Volume compared to the prior session, contracted by -32.61%, or –33%.

We can see, there’s not a lot of distance to confirm a reversal (down) or continuation to the upside (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

Biotech … The Set-Up

December 23, 2025 By in $SPSIBI, Biotech, David Weis, LABD, LABD-25-22, SPBIO, Spring-to-Up-Thrust, Wyckoff, XBI

Repeating Pattern

The last update on biotech, XBI was here.

Price action went on to post a new high and, in the process, may have completed a repeating pattern set-up:

Spring-to-Up-Thrust, link here.

The indication is subtle.

There’s no doubt we’re at the very edge of the lake as Wyckoff (and Weis) used to call it.

However, this is also the point where the risk (for a short) is least (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

Wells Fargo … Last Gasp?

October 14, 2025 By in Banking, David Weis, Positions, Up-Thrust, WFC, WFC-25-01

Proverbial ‘Gut-Check’

For those fortunate enough to have the David Weis video on ‘Trend Reversals‘, he discusses a particular market characteristic:

The ‘Gut-Check’

Instead of attempting to describe the phenomenon, we’ll just show what a (potential) move looks like with Wells Fargo, below.

Wells Fargo, WFC, Daily

There it is.

Is it a reversal, or a ‘gut-check’ test?

It’s important to note, the ‘Up-Thrust (reversal)’ location was all-time highs for WFC.

Remember, 86.66?

That post is here.

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

Nat-Gas … Post-Mortem

October 12, 2025 By in China, David Weis, Natural Gas, Positions, UNG, UNG-25-01, Up-Thrust

What Do You See?

We’re heading straight into winter.

Who knows what type of ‘weather’ we’ll have this time.

So, nat-gas can’t go any lower than where it is now, right?

Wrong

That type of thinking’s called a ‘Mind Trap’, link here.

David Weis would typically start mentoring sessions with a question (after presenting a chart):

“What do you see?”

Forgetting all the factors that ‘should’ drive the price of nat-gas higher, we have the chart.

Natural Gas ETF, UNG: Daily

The upper blue line is resistance which price action ‘up-thrusted’ (reversed).

The green line is a minor support area.

This is where a long position was initiated (UNG-25-01). The expectation for the next day (last Friday), was for an immediate increase it price.

That didn’t happen. The long position, the only ‘long’ for this year, was exited (not advice, not a recommendation).

The orange line is another support area but the lower blue line, if UNG gets there, is the ‘spring’ set-up target.

U.S & China Nat-Gas

Last Friday’s chaos with China and tariffs, begs the question if Chinese nat-gas shipments would be used as a tit-for-tat pawn; meaning, China halts all purchases.

The short answer is no.

For all of 2025, there’ve been no shipments, link here.

With that said, if nat-gas is going to move lower to the target area shown, then something else would be the driving mechanism.

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

Walmart, Tests Reversal

September 22, 2025 By in David Weis, Up-Thrust, WMT, Wyckoff

Watch The Volume

The last update on Walmart (WMT) had this:

Will we get an upside test, even if only briefly?

Watching price action early this session, it looks like that test is happening now (not advice, not a recommendation).

From a Wyckoff (and David Weis) perspective, what we’re looking for if WMT, keeps rising or holds steady, is volume to contract on the day.

Contracting volume indicates a test of the up-thrust (reversal) and helps to add probability to the downside.

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