Category Archives: Spring-to-Up-Thrust

Miners Gap Higher (pre-market)

June 2, 2025 By in BA, BA-25-04, DUST, GDX, GDXJ, Gold & Silver, Gold Miners, JDST, JDST-25-12, Positions, Spring-to-Up-Thrust 1 Comment

Is Today, The Day?

Gold miners, higher in the pre-market (as of 8:31 a.m., EST).

Looking at Senior Miners GDX, we’re at the edge of the lake.

This is where a trend continues (higher in this case) or it’s exhausted and will post sideways or reverse.

Senior Miners GDX, Daily

Important note: Today is Fibonacci Day 13, from the ‘spring’ lows to ‘up-thrust’ high(s)

Since this site’s already short (JDST-25-12), we’ll be watching the morning action closely 🙂

Other Markets

The expectation for Boeing, BA, was to begin its reversal after the ‘test’ last Friday.

In the pre-market, that’s not happening. It has not posted a new daily high (above last Thursday’s high), but it’s not going lower either.

BA-25-04, exited with -0.67% loss (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 at 12-Year Highs!

May 31, 2025 By in GDX, GDXJ, Gold & Silver, Gold Miners, JDST, JDST-25-12, Positions, Spring-to-Up-Thrust

‘Retail’ Says … I’m All In !

When you can buy gold bars at Costco, you know the top is, … or is nearly, … in (not advice, not a recommendation).

As a corollary, why wasn’t Costco selling gold back in 2001, when it was $271/oz.? Now, it’s all the rage.

With that, we’ll look at the miners; Juniors, GDXJ.

Junior Miners, GDXJ, Daily Close

Where have we seen this (price action) before?

Shown in the sidebar, already short via JDST, as JDST-25-12 (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

Boeing: ‘Pick Me’

May 29, 2025 By in BA, BA-25-04, Positions, Spring-to-Up-Thrust, Up-Thrust

The Set-Up, is In

No matter what happens from here, Boeing has met conditions of a repeating set-up: Spring-to-Up-Thrust (not advice, not a recommendation).

A ‘set-up’, does not guarantee anything.

It just means, market behavior is such, there’s a potential for correlated (i.e., directional) movement.

The last update said there was a possibly of ‘spring failure’.

It gave specific conditions for potential failure … neither of which, happened: BA, did not open lower that day and the weekly low, was not penetrated.

All of which, brings us to now.

Early this session, BA, launched into up-thrust condition as the ‘result’ of news, link here.

Forecast In Advance

It’s important to note, potential for today’s move was forecast with this update, including upside target.

That forecast had nothing to do with ‘news’, but everything to do with how markets (tend to) behave.

So, here we are. 🙂

Boeing, BA, Daily

Penetration of the target area creates an up-thrust. On the daily we have ‘spring-to-up-thrust’.

Not only is the daily a repeating set-up, but the weekly is as well, shown here.

Problems, A-Plenty

The problems for Boeing have not disappeared.

The CEO hinted at this, when he clarified his comments at the conference (paraphrasing):

‘Moments later, he corrected himself and said he wants to ‘get ready’ for production ramp-up, in hopes to meet (target) production levels’

One doesn’t decide to instantly ramp up production and then ‘poof’, it happens.

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

(more) Pre-Market … Boeing

May 28, 2025 By in BA, Spring-to-Up-Thrust 1 Comment

When a ‘Spring’ Fails

Price action ‘failures’ provide and edge in market positioning.

In the case of Boeing (BA), from yesterday’s post, we’re expecting continued move higher off the ‘spring’ set-up.

So far, it hasn’t happened.

Instead, BA closed lower for the day; in the pre-market today (7:28 a.m., EST), it’s trading within ticks of that close.

So, what does it mean?

If, BA opens below yesterday’s low (200.88), we have a possible spring failure in the making; especially so, if price action prints a new weekly low, below 198.75 (not advice, not a recommendation).

Boeing BA, Daily

As this post is completed, BA is trading at 201.15, just slightly above the close of yesterday.

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

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Boeing … Pre-Market

May 27, 2025 By in BA, BA-25-02, Positions, Spring-to-Up-Thrust, Up-Thrust 2 Comments

Exit & Set-Up

It’s never fun to wake up ‘in-the-red’ but that’s where Boeing BA-25-02 (short) was in the pre-market.

Based on the chart, with Friday’s lower close, price action had one of two choices; post lower and continue the decline or push higher from the spring set-up as shown.

Looks like we’re set-up to see if the (up-thrust) target area is met (not advice, not a recommendation).

With that said, the short was exited pre-market with an overall loss of 0.99%.

Boeing BA, Daily (pre-market)

Note, from the high on 5/14, to the low, last Friday, is Fibonacci 8 Days.

If the correlation remains intact, we’ll be looking for a potential target set-up, on Fibonacci Day 13.

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

Carvana … Hits The Wall

May 21, 2025 By in CVNA, CVNA-25-01, CVNA-25-02, CVNA-25-03, Hindenburg, Positions, Spring-to-Up-Thrust, Up-Thrust, Wyckoff 1 Comment

New Daily Low

Carvana’s down – 2.53%, at 10:21 a.m., EST.

The new daily low confirms we have some kind of top; maybe the top (not advice, not a recommendation).

There’s also been a trendline break. A trend in-effect, for over a month.

Lastly, as we’ll see below, CVNA, has been in Wyckoff ‘Up-Thrust’ position for the past five trading days.

Not only that, but we also have a repeating set-up, seen many times in the markets, detailed here.

Carvana CVNA, Daily

Let’s not forget the ‘unique’ fundamentals, link here.

Positioning

Those on this site for the past two weeks, have seen (in real time) several attempts to position short (not advice, not a recommendation).

The last trade, CVNA-25-02, was stopped out early Monday, at 304.52.

Reviewing the price action, CVNA had posted a minor spring-to-up-thrust.

The prior session’s low and high were penetrated.

Once that was observed, no hesitation; re-position short (CVNA-25-03) with new stop at that day’s high 306.98 (not advice, not a recommendation).

That’s where we are now.

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

Carvana’s, Car Fire

May 8, 2025 By in CVNA, Spring-to-Up-Thrust, Wyckoff 1 Comment

A New (closing) High?

Carvana’s going straight up.

Last night, post earnings release (here and here), it was a wild session.

That action’s spilling over into today.

The question, as we’ll see below, can CVNA, close above the prior (closing) high of 285.33.

As of this post (10:38 a.m., EST), it’s printing 287.67.

Set-Up, Review

Before getting to the chart, let’s review this post.

Time & Target were forecasted in that update (not advice, not a recommendation).

Well, here we are. 🙂

Carvana CVNA, Daily

Yesterday, was ‘Day 55’.

When working with larger Fibonacci timeframes, +/- a few days is an acceptable margin.

Long-time visitors to this site know exactly what you’re looking at: Wyckoff, Spring-to-Up-Thrust

Those who are new or want to review, this is a good place to start, 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

Carvana … Nears Potential Set-Up

April 29, 2025 By in CVNA, David Weis, Spring-to-Up-Thrust, Wyckoff 3 Comments

Two Times?

Caravana’s earnings are coming up on May 7th, after hours.

Will it print (like last time) above resistance to the 310-area?

If it does, will that action hold unto the regular session the next day?

The reason it’s important as we’ll see below, a push above resistance creates the potential set-up: Spring-To-Up-Thrust, link here.

Carvana CVNA, Daily

The earnings release just so happens to be Fibonacci 55 (trading) days from the prior release.

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

Bear Market = Wealth Transfer

April 14, 2025 By in 1987, GDX, GDXJ, GLD, Gold & Silver, Gold Miners, JDST, JDST-25-09, LABD, LABD-25-06, Positions, SILJ, SLV, Spring-to-Up-Thrust, Uneducated Economist Tags: , , , 1 Comment

The ‘Extraction’ Process

Bear markets are not (always) prices going straight down, a la 1987.

Bear markets are ‘price destruction’; a series of ups and downs that effectively drain (whipsaw) the typical market account.

The last two weeks have seen record breaking extremes; the latest being this update, indicating the market posted the largest volume ever recorded.

Dodging Bullets

A case in point, this site’s narrow miss on having a huge gain (LABD-25-06, short biotech) being completely obliterated in last week’s largest short squeeze, ever.

It’s (almost) a ‘no-brainer’, this type of market behavior is not bullish (not advice, not a recommendation).

Then, The Propaganda

If it’s not dodging bullets, it’s sifting through the propaganda, half-truths, and outright lies.

The latest of these, (could be) ‘China dumping dollars’ and other ‘collapse’ narratives.

There’s volatility for sure. That’s what bear markets are about. However, this link might help mitigate the hysteria around the ‘It’s all blowing up’ narrative (not advice, not a recommendation).

In the above link, how it really works, time stamp: 17:58

So, here we are. What’s next?

Gold & Silver, Update

Even though both gold (GLD), and silver (SLV), are trading lower as of this post (12:52 p.m., EST), the Junior Miners GDXJ, posted a new daily high, thus, short JDST-25-09, was exited (not advice, not a recommendation).

Today’s activity does point to a new potential (developing) set-up, this time, silver miners SILJ.

Silver Miners SILJ, Daily

The set-up (spring-to-up-thrust) may develop from here, or it could diffuse into chaos.

It remains a possibility, until price action itself says, ‘no’.

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

Carvana, ‘Testing … 1 … 2 … 3’

March 22, 2025 By in CVNA, Spring-to-Up-Thrust, Test 1 Comment

Higher Close, Lower Volume

Carvana finished up on Friday, in a test of its reversal.

We’re now at The Danger Point®

This is the location where risk on a short position is least (not advice, not a recommendation).

Risk is least because if CVNA continues higher, the obvious stop location on a short is just above Thursday’s, 196.63, high.

Carvana CVNA, Daily

Thursday’s volume was heavy at 8.3-mil.

Friday’s volume contracts by just over 25%. That’s not a whole lot but it still fits the definition of a ‘test’ (not advice, not a recommendation).

Just like the kid sweating bullets in the cartoon, you can literally feel the ‘tension’ in the above chart.

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