Category Archives: Positions

Carvana Tests the Breakdown

November 9, 2025 By in CVNA, CVNA-15-15, KMX, Positions 1 Comment

Did The ‘Shorts’ Give Up?

Just as Carvana appears poised for a significant move lower, short interest has actually decreased, substantially.

According to data at this link, short interest has declined over -15%, from the previous month to just 5.6% of shares outstanding.

After relentless buoyancy for years, the shorts may have given up just as CVNA, could be poised for the downside (not advice, not a recommendation).

Let’s not forget, rival CarMax has completely imploded (fired the CEO); down -79.25% as of last Friday’s close.

While we’re at it, the all-time high for CVNA, was July 31st, at 413.33, just another ‘coincidence’.

Carvana CVNA, Daily Close

As of last Friday, we’re at the axis line of support and resistance.

Volume declined when compared to the previous session, suggesting there’s not much commitment to the upside (not advice, not a recommendation).

Trading Results

Meanwhile, using the volatility, Carvana is being traded to the short-side.

There’s no ‘positioning’ as yet (the desired action), but nonetheless, swings are being used for respectable profit.

The last completed trade, CVNA-25-15, went short at 308.48, last Thursday; covered the next day at 289.25, for a modest gain of 6.7%.

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

SOXX’s Wedge Launch Higher

October 24, 2025 By in Artificial Intelligence, Bert Dohmen, NVDA, Positions, Semiconductors, SOXX, SOXX-25-17

Incredibly Dangerous

Is it going to play out exactly as Bert Dohmen said it would?

That is, grinding ‘window dressing’ action higher, toward the end of the year?

With last night’s upside and higher open, the SOXX has negated the reversal and has posted something else.

It’s in the chart below, a ‘terminating wedge’.

Semiconductors SOXX, 2-Day

The 2-Day chart is a better view of the pattern.

A wedge typically occurs near the end of the move whether it’s up or down.

The pattern above, implies that Nvidia has one more last gasp (not advice, not a recommendation).

Next earnings release is scheduled for November 19th.

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

Will Nvidia Crater by 90%?

October 23, 2025 By in Artificial Intelligence, CSCO, Ed Dowd, MRNA, NVDA, Positions, Semiconductors, SOXX, SOXX-25-17, Thoughtful Money

Sell & Hold

During an interview with Thoughtful Money (link here), Ed Dowd says this about the A.I. bubble:

‘When it’s all said and done, Nvidia will be down by 80% – 90%’

This morning, the SOXX just printed a new daily high. Does that mean the reversal has been negated?

That depends on what happens next.

Semiconductor SOXX, Daily

We have the all time high and up-thrust. Then, the trend break (yesterday), and now the test.

Obviously, there’s a lot of volatility.

If this is ‘the’ reversal of the A. I. mania, possibly the largest bubble in market history, then action like this, is ‘normal’. 🙂

Just like Cisco Networks was chief cook and bottle washer back in the day, this time, it’s Nvidia.

When it was all said and done, CSCO declined over -90% (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

Did The SOXX (and A.I.) Just Top?

October 22, 2025 By in Artificial Intelligence, Positions, Prechter, Semiconductors, SOXX, SOXX-25-17 4 Comments

While Everyone’s Watching The Metals

Yesterday, the metals and miners imploded.

While all the focus was on them, back at the ranch, the SOXX reached another top.

Last time we looked, the index had an apparent Fibonacci count that has since been negated.

Robert Prechter said it himself decades ago, ‘price action form is first, then time’.

The SOXX then went on to post a new all-time high.

Semiconductors SOXX, Daily

Note yesterday’s bar posted a new daily low after the all-time high.

As the SOXX, oscillated in a narrow range, it became apparent we may be at a significant inflection; three separate shorts were opened, combined into one position as shown (not advice, not a recommendation).

Pre-market action (7:55 a.m., EST), shows the SOXX trading at 288.09, below yesterday’s low of 289.22.

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

Banks ‘Rolling Over’

October 21, 2025 By in Banking, Ed Dowd, KRE, KRE-25-02, Ox Talks, Positions, Thoughtful Money

Market Summary, Ed Dowd

The section at left, shows the bank (KRE) rebound from last Thursday’s sell-off, losing steam.

In the early part of this interview with Ed Dowd, he states the banks are ‘rolling over’ as a result of a ‘toxic brew’ of economic conditions (not advice, not a recommendation).

We see that (potential) in the chart.

Adding to that, we have this, from ‘Ox Talks’.

It’s a technical rundown of the latest fraud and lawsuit. Well worth the 17-minutes to view.

That was yesterday. Today, he’s out with more, link 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

The Morning After

October 20, 2025 By in Banking, GDXJ, Gold & Silver, Gold Miners, JDST, KRE, Positions, SLV, UBER, UBER-25-04, XLF, XLF-25-08 2 Comments

Sort Of

It’s not really the morning after but being the day after Friday’s action, we’ll call it even.

Two shorts closed and three opened.

Both the XLF, and UBER, shorts were closed; one with profit, one not. Then, three more opened (not advice, not a recommendation).

As stated in the comments on this previous post, it’s possible the banking index KRE, is not going to make it to Fibonacci Day 34, this Wednesday.

Time counts are always secondary to price action.

Next up, is the silver market.

It’s a no-brainer that something’s ready to break. The press and YouTubers, et al., would have you believe that were finally ‘putting it to the man’. The ‘paper manipulation’ is over, so it goes.

Mabe that’s right this time around.

However, I’ll stick with the market-makers that have been in control since the buttonwood tree. 🙂

More updates to come with charts and positions.

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

Uber Stalls At The Top

October 19, 2025 By in Banking, Financial Sector, Positions, UBER, UBER-25-04, XLF, XLF-25-08

Wedge & Breakdown

According to this link, Uber is the 95th most ‘valuable’ company in the world.

They’re also a magnet for lawsuits.

When looking at the chart, there’s a top lasting around five months; last week, was the breakdown.

Uber, UBER, Daily Close

Note on the left side of the chart is wild, volatile (unstable) price action.

It then coalesces into a small area (the wedge), with four failed attempts to move higher over this month and last.

Tight price action typically precedes a breakout move.

All of which resulted in positioning short as UBER-25-04 (not advice, not a recommendation).

As stated with yesterday’s update, the overnight Sunday session opens later today.

If either the Uber or XLF shorts, present the potential for sustained upside, an exit of both is likely (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

Bank Bust Ahead?

October 18, 2025 By in Banking, Credit Destruction, Positions, Wyckoff, XLF, XLF-25-08, ZeroHedge Tags: , , , , 5 Comments

Brother, Can You Spare a Dime?

What if there’s not enough money in the coffers, for a bank bail-out?

Last week’s chaos is still in the ‘next shoe-to-drop’, stage:

Auto Loan Delinquencies Surge 50% As Cracks Deepen Across U.S. Credit Markets, link here.

The Bizarre Bankruptcy At The Heart Of This Week’s Regional Bank Meltdown, link here.

“This Is Crazy”: Goldman Stunned By Regional Bank Meltdown; Its Clients Demand Answers To These 3 Questions, link here.

Wyckoff Had The Edge

The market itself told us ahead of time, something’s up.

The top in XLF, identified here. On the heels of that, literally hours before the Dow melt-down, this post.

Note: The Dow post even suggested potential action:

“From a Wyckoff analysis standpoint, it’s all there; a push through resistance to all-time highs, a struggle, then new daily low and now today, a possible upside test.”

The Dow pushed higher in the first fifteen-minutes of trade and then collapsed.

Focus Amidst The Chaos

The analysis links above are a reminder; as the chaos increases, focus is to remain on price action itself.

Let the market tell us its (own) next probable direction.

All of which brings us to the chart.

Financial Sector XLF, Daily

The zoom area shows at least three contact points on a possible trendline (Wed, Thu, Fri).

Short position XLF-25-08, entered early on Thursday, and pyramided late on Friday (not advice, not a recommendation).

Expectations, Next Week

Obviously, the expectation is for continued downside. We’ll probably know late on Sunday, if that’s likely to happen.

The XLF is labeled as EXTO (extended trading hours) eligible. If there’s even a hint of (sustained) upside pressure, the exit may come as early as Sunday night (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

Bank Melt-Down … The Start?

October 17, 2025 By in Banking, Financial Sector, Positions, UBER, UBER-25-04, XLF, XLF-25-08, ZeroHedge

Deja Vu

Has the melt-down smoke cleared, or was this week just the first Dominoe to fall?

The most recent post on the banking sector is here.

From that, we had:

“Financial sector XLF, has topped, reversed …”

The initial (nascent) downtrend was broken to the upside; short position XLF-25-07, exited with a small gain.

Then, we had this week.

The sidebar on yesterday’s post, shows a new short; XLF-25-08 (not advice, not a recommendation).

The update was about plans before the close. In the final minutes of trade, we have Uber short; UBER-25-04 (not advice, not a recommendation).

We’ll discuss both positions with charts over the weekend.

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

Uber … The Wheels Come Off

October 16, 2025 By in Banking, Ed Dowd, GLD, Gold & Silver, KRE, Positions, SLV, TRV, TRV-25-01, XLF, XLF-25-08 1 Comment

Waiting for The Close

Something’s happened to the banks, XLF, KRE; both down hard.

Gold, GLD has launched parabolic, typical of blow-off moves.

Meanwhile bonds are higher (Ed Dowd told us to watch those), insurance companies hit and then, there’s Uber.

Uber, UBER, Daily

Uber at all-time highs for weeks before breaking down.

It’s now penetrated support.

There’s likely to be an attempt to ‘spring’ off that penetration (expected to fail).

If it’s going to happen, watch the close.

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