Category Archives: Michael Bordenaro

DoorDash Destruction

April 5, 2026 By in DASH, Michael Bordenaro

Implosion Continues

Several updates from Michael Bordenaro, link here and here paint a bleak picture for fast-food and the ‘gig’ economy.

From all-time highs to last Thursday’s close, DASH, is down over 45%.

The chart above, is brief but effective.

It shows a trading channel with price action contacting the right side, a Fibonacci 5-Weeks from the pivot lower (not advice, not a recommendation).

Let’s add, the week labeled as “1”, is also a Fibonacci 21-Weeks from all-time highs.

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

Uber … Wedge, Channel, Test

March 8, 2026 By in Michael Bordenaro, UBER 1 Comment

Quitting in Droves

Behind the scenes at Uber, we have this, link here.

‘Best days are behind us.’ Time stamp: 7:35

‘You could be riding around with a serial killer and not even know it’ Time stamp: 8:21

Looking at the chart, we have a terminating wedge, a trading channel and now this past week, a test.

Uber Technologies, UBER, Weekly

The dashed magenta line shows, price action coming up to test underside resistance, then closing lower (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

TXN … Dotcom Then, A.I., Now

February 5, 2026 By in Artificial Intelligence, Michael Bordenaro, Semiconductors, SOXX, TXN, TXN-26-02 2 Comments

Once, in a Generation

Michael Bordenaro’s latest update, had this in the comment section (paraphrasing):

‘It’s likely, few people realize how far this is going to go, and how long it’s going to last.’

With that said, we’ll look at a once-in-a-generation event, Texas Instruments.

Not since the height of the dot-com mania, has there been a repeat of the indicator shown below.

Texas Instruments TXN, Monthly

Two massive Force Index spikes, a generation apart.

In the dotcom mania, the spike was not the top; that came a month later.

For the A.I. mania, TXN posted its spike last month (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

The Top 1%

January 25, 2026 By in AMZN, DASH, KLAR, Michael Bordenaro, Prechter, The Top 1%, Tom Hougaard, UPS 2 Comments

Tom Hougaard

Every so often, ‘The Top 1%‘, will present insight, interviews or segments, necessary to achieve the highest performance level in trading.

As Tom Hougaard, says:

‘You have to do this on your own, there’s no training, no course, no book.‘

Links here, here, here, and here.

Common Theme(s)

As more insights are posted, common themes or methods will become apparent. Not the least of these:

‘Earnings do not move markets.’

Wyckoff discovered this fact all the way back in 1902.

A century later, Robet Prechter Jr. published his work on P/E ratios; P/E does not define the direction of trend.

Of course, there are (likely) others with similar research.

Layoffs Accelerate

From market reality (above) to economic reality, we see Amazon layoffs gaining steam, link here, with UPS not far behind, link here.

Let’s throw in the ‘consumer’, financing their burrito deliveries via DoorDash, link here (time stamp 6:20).

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

Twenty-Year Wedge … eBay

November 28, 2025 By in EBAY, EBAY-25-01, Michael Bordenaro, Up-Thrust 2 Comments

Setting up for a Big Move?

eBay accelerated lower on heavy volume after its last earnings release.

In following sessions, price action attempted to recover, only to reverse lower (again) during the week of November 14th.

That’s where we are now; only this time, we’re looking at the long-time frame, the quarterly chart

eBay EBAY, Quarterly

There it is: A massive 20-year wedge (not advice, not a recommendation).

For the latest on how the ‘consumer’ is doing, this just out from Michael Brodenaro, link 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

Rate Cut … Now, What?

September 17, 2025 By in Biotech, Federal Reserve, Interest Rates, LABD, LABD-25-11, Michael Bordenaro, Positions, ShadowStats, SPBIO, XBI

Think, ‘Outside The Herd’

Michael Bordenaro, spells out the current jobs situation from a ‘boots on the ground’ perspective, link here.

From the video and comments, the agreement seems to be, unemployment is much higher than 5%.

Of course, if one is interested, more accurate job numbers (and inflation numbers) are at this link.

Separately, it appears that biotech XBI, has made a triple-top (not advice, not a recommendation).

More on that, later.

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

Sentiment … Volume … Price

May 24, 2025 By in CVNA, CVNA-25-03, CVNA-25-04, Michael Bordenaro, Positions Tags: , , , 1 Comment

Typical Phases of Reversal

Of course, it’s not obvious until it is, and then, it’s too late.

For Carvana, we definitely have the sentiment with the last earnings release.

A stellar quarter, but the future, not so much.

In just over two-weeks since then, bond prices are lower, rates higher and threatening to completely unravel, link here.

Carvana CVNA, Daily Close

Let’s put our recent (short) positioning activity into perspective.

That tiny little ‘blip’, at the far right, is where we’ve been attempting to position short (not advice, not a recommendation).

The area is expanded, below.

Prices are either congesting for a sustained launch higher or preparing to reverse.

That puts us at, The Danger Point®

Note that volume is contracting with Friday’s close, below the prior tops.

We have ‘sentiment’, now ‘volume’, then (maybe) price.

Positioning

Friday’s close could have been that ‘price’ part of the equation. We’ll see in the coming week.

The last update said, if there was buoyancy, CVNA-25-03, may be exited; that’s what happened.

Then, right at the close, another short: CVNA-25-04, with a stop near the session high (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

Gold Miners … Opportunity Awaits

February 17, 2025 By in DUST, GDX, GDXJ, GLD, Gold & Silver, Gold Miners, JDST, Michael Bordenaro, SLV, Spring-to-Up-Thrust 1 Comment

On The Short Side

It’s been over four years, since this post.

The Junior Miners GDXJ are still below 56.44, the weekly close.

Recall, at the time of ‘what’s wrong’, it was absolute hyperinflation breakout mania (as the links included, attest).

Now, with mass layoffs and terminations, will the ‘stacking’ public, especially the ones in D.C. and Florida begin selling everything that’s not nailed down? What about the rest of us?

Junior Miners, GDXJ, Daily

For long-time visitors to this site, the chart almost needs no explanation (almost).

Last Friday was decisive; outside-down, on increased volume.

We’re right at support (upper blue line). There could be some upside retrace in the coming week (not advice, not a recommendation).

If so, it’s what happens during that retrace that may give us clues as to the next direction.

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

Eyes on Bonds … Rates Higher

September 28, 2024 By in Bonds, Federal Reserve, Interest Rates, Michael Bordenaro, TLT Tags: , , , , , , ,

Pulling Back The Curtain

Rates not going lower but higher as reported here, now being confirmed by ‘boots-on-the-ground’, link here.

With rates moving higher now, the next Fed meeting after the ‘election’, seems a long time away.

Exact Opposite

As Michael Bordenaro reported (link) above, ‘everybody’ expected rates to fall because, well, you know … The Fed 🙂

As he states, the exact opposite is what’s happening.

Well, ladies and gentlemen, the curtain’s being pulled back on a lot of things. The Fed’s in ‘control’ is just one of them.

So, let’s take a look at bonds, then and now.

Long Bonds TLT, Daily Close

That was then.

Fast-forward, to now.

Price patterns can dissipate or stay ‘in-effect’.

The measured move target shows where bonds are likely to go, if the pattern stays in effect (not advice, not a recommendation).

Of course, bonds lower, means rates higher.

Get your popcorn ready and let’s watch how the media’s going to spin this one.

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

Deep ‘Kimchi’ Update … Newmont

May 11, 2024 By in Gold & Silver, Gold Miners, Michael Bordenaro, NEM, SBUX, Speck-Effect, The Speck, Wyckoff, ZeroHedge 1 Comment

Setting Up For ‘Breakout’ or, ‘Digging-In’ …?

Gold’s near all-time highs, silver’s rebounded, testing recent highs; yet Newmont’s at a paltry 23.6%, retrace.

So, you tell me. What’s likely to happen to Newmont, if gold or silver head back lower, even just a little bit?

That dude in the picture, needs to keep on diggin’. 🙂

Wyckoff, In-The-Know

Years ago, Wyckoff told us not to pay any attention to the financial press, the local circus.

However, that does not mean he didn’t know what was going on. He did, and sometimes down to the penny.

We don’t know for sure what’s (really) happening with Newmont and the mining sector but among other things, it might have something to do with this, this, and this.

Even so, price action’s the truth; let’s look at our chief cook and bottle washer’s progress since the last update.

Newmont Mining NEM, Weekly

The chart has expanded the Force Index (middle panel) for better clarity.

Going back to the last update, it had this to say:

“A reasonable expectation is NEM, retraces, testing the wide bar and volume before continuing to the downside or moving back higher to a breakout.”

Price action has done exactly that. It came down to test the wide (4/25/24) bar and then back up to resistance, where we are now.

The only thing missing at this point, is the breakout or reversal (not advice, not a recommendation).

Show Me, The Money

Anyone with two Latte’s rubbing together, knows the economy may (already) be in full-blown collapse.

Anecdotal (and factual) evidence of that can be found here, here and here.

Adding, Nemont itself is not doing well as evidenced by this recent (February) article about dividend cuts, asset sales.

Seems like everybody’s looking around for cash.

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