Category Archives: GLW-26-06

Corning … Target Update

March 16, 2026 By in GLW, GLW-26-06, Up-Thrust

Push to 50%?

The last update had a stop level at 133.24, for short position GLW-26-06.

Once that level was penetrated, the trade was not exited immediately but monitored for a more advantageous (better priced) level.

When it became obvious GLW was likely to close higher for the day (which it did), the trade was covered at 132.984, slightly below the stop level.

Now, we’re on the sidelines watching to see if there’s a reversal at this point or if price action makes it to 50%, and another possible up-thrust (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

Last Time, Was ’29

March 14, 2026 By in 1929, 2007 - 2008, Alice Cheung, GLW, GLW-26-01, GLW-26-02, GLW-26-03, GLW-26-04, GLW-26-05, GLW-26-06, Great Depression, Great Depression 2.0, Oil, S&P 500, SPY, USO, YouTube Black Swan Tags: , ,

Hundred-Year Extremes

Going all the way back, this link, shows we’ve gone beyond 1929 levels.

It seems, nearly every recession (depression) gets kicked off with a spike in oil prices.

In 2008, USO peaked during the week of July 11, that year.

However, the damage was done.

The S&P (SPY) was already in decline, having peaked the week of October 12th, a year earlier.

Another Extreme

Not to be outdone with the valuation extreme, we have the mutual fund cash extreme at this link.

Mutual fund managers are ‘all-in’, Time Stamp 4:15 (not advice, not a recommendation).

Then, there’s ‘private credit’, link here.

Now, on to the trade du jour.

Corning GLW, Weekly

As GLW, was breaking out from generational highs, three attempts were made to short; result, small losses.

Adjusting Behavior

The most important take-away, is the behavior change as a result of losing entries; that is, stand-aside.

As said many times on this site:

“There’s nothing wrong with being wrong. It’s being wrong and staying wrong that’s the problem”

Once the Fibonacci sequence was identified, link here, short positioning continued.

Next Steps

Anything can happen.

For the chart above, the stop on the -06, trade is last Friday’s high (not advice, not a recommendation).

With that high as minor resistance, there’s also the weekly high at 139.63, for additional ‘protection’.

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

Corning … ‘Changing of Hands’

March 13, 2026 By in Artificial Intelligence, GLW, GLW-26-01, GLW-26-04, GLW-26-05, GLW-26-06

Potential Lower Close

If Corning closes lower, if today posts outside-down, then GLW may be ‘changing hands’ from strong, to weak.

Strong to weak because who else is buying-in at all-time highs, ‘generational highs’ at that, expecting more (sustained) upside (not advice, not a recommendation).

Corning GLW, Daily

There’s so much going on in this chart.

We had a Fibonacci sequence on the way up, link here, and now, it looks like one on the way down (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