Category Archives: Up-Thrust

Thermo Fisher … Another Set-Up

April 17, 2026 By in CDNS, CDNS-26-03, TMO, Up-Thrust 2 Comments

Next Leg Down?

Unlike Cadence (CDNS) which has not made a new daily low from its up-thrust position, Thermo Fisher Scientific at left, has made that low.

Today, could be a continuation to the downside or a test of the reversal (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

Cadence … Lying in Wait

April 16, 2026 By in CDNS, Spring-to-Up-Thrust, Up-Thrust 1 Comment

Repeating Pattern, Near Complete

There have been two short-position trades (not discussed on this site) in Cadence CDNS, so far this year.

Both were small losses.

After the last trade on March 5th, notes were made on the watch-list chart, to the effect:

‘Wait for the up-thrust’

Fast-forward to today.

If CDNS manages to finish the day above the close of March 4th (305.43), it would then be in up-thrust position (not advice, not a recommendation).

The chart shows the situation as of 11:45 a.m., EST

Cadence Design Systems CDNS, Daily Close

Note the ‘Ready’ indication.

That arrow corresponds to this link.

In my opinion, the comments on that post are nearly, if not more important, than the post itself.

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

Corning … Tops and Stalls

April 15, 2026 By in Artificial Intelligence, GLW, GLW-26-10, Up-Thrust Leave a comment

Three-Day divergence

The last two trading days for GLW, have posted new daily lows, and closed lower.

On the 3-Day chart at left, tomorrow is ‘Day 3’ for the current price bar.

We have an obvious bearish MACD divergence.

Price action is also in ‘up-thrust’ position (potential reversal) with current price level just above prior resistance (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

Oil & Gas … Exhausted

April 14, 2026 By in Carl Vernon, DRIP, DRIP-26-01, Neo Feudalism, Oil, Oil & Gas, Spring-to-Up-Thrust, Survival Lilly, Up-Thrust, XOP Leave a comment

Demand Collapse?

Across the pond, the U.K. seems ready to introduce Universal Basic Income; welcome to Neo Feudalism.

Meanwhile, back at the ranch in Germany, we have Survival Lilly giving us updates near daily, on that pending implosion.

‘You will own nothing‘, time Stamp 6:20

With all of that said, including the military hijinks in the straight, you would think uncertainty results in oil prices ever higher.

At this point, it’s not happening.

Oil & Gas Exploration ETF, XOP, Weekly

Oil & Gas Sector XOP, has been declining for three straight weeks (not advice not a recommendation).

There’s the familiar pattern: Spring-to-Up-Thrust

Like previous posts, we need to be reminded (at least I do), of the massive scale of events.

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

Selling Short, TXN

April 10, 2026 By in Artificial Intelligence, Ed Dowd, NVDA, Semiconductors, TXN, TXN-26-08, Up-Thrust Leave a comment

A Generational Top?

It almost goes without saying, market events are taking place on a massive scale.

Ed Dowd, has said repeatedly in his interviews:

‘When it’s all said and done, I expect Nvidia to be down 80% to 90%’ (not advice not a recommendation).

However, there are others besides Nvidia, with significant downside potential.

Case in point, Texas Instruments.

There’ve been several recent updates on TXN. The most significant one, linked here.

It’s possible, right now, today, is a test of the all-time highs (not advice, not a recommendation).

Texas Instruments TXN, Weekly

One thing can be said with some certainty, we’re at The Danger Point®, where risk on a short is least (not advice, not a recommendation).

As the February update shows, it’s been 26-years since the other massive upward spike in Force Index.

Last time that happened, TXN imploded 87% (not advice, to 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.

Semiconductors Inch Higher

April 6, 2026 By in AMD, AMD-26-01, Artificial Intelligence, Semiconductors, SOXS, SOXS-26-02, SOXX, Up-Thrust

Using The Grind

Today’s buoyancy in the semiconductor sector, SOXX, gave an opportunity to assess the situation.

The decision was made to exit the short on the sector itself (via SOXS), and initiate individual short positions based on price action.

Some equities are stronger, some weaker; AMD is one of the latter.

With that said, AMD, sold short @ 220.18, as AMD-26-01 (not advice, not a recommendation).

Close for the session just happened to be exactly at 220.18, putting the trade at break-even.

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 the Pivot

April 3, 2026 By in Carl Vernon, Food Supply, GDX, GDXJ, Genesis 41, Gold & Silver, Gold Miners, Holiday Turns, The Speck, Up-Thrust 1 Comment

Retrace to Reversal?

This past Wednesday, Senior Gold Miners GDX, retraced to 50%.

Thursday, price action tested that level and closed lower.

On the chart below, we’re going to present price action facts; leaving out ‘hyperinflation’, YouTube grifting, ‘dollar destruction’, ‘it’s all ending tomorrow’, click-bait.

Before getting to the chart, let’s add, on this site, it’s always been about the food supply first, then gold and silver, link here (not advice, not a recommendation).

The video at left, is five years old.

Since then, there’s been a massive learning curve concerning livestock.

All but one of those hens is gone now, she being retired, having produced 850 – 900 eggs.

Others have been brought in to continue the supply.

Now, on to the click-bait 🙂

Senior Miners GDX, Daily

GDX, posted an up-thrust, March 2nd, then collapsed a whopping -32.8%; read that, as ‘coincidental’ 33%.

It’s now retraced to 50%, and also in a potential channel.

Volume for yesterday contracted on the test, but it was also a pre-holiday trading day.

So, let’s just note that and not put undue weight on the fact, commitment to the upside was weak (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

Nvidia … at the Trend Line

April 1, 2026 By in Artificial Intelligence, NVDA, Semiconductors, Up-Thrust, Wyckoff 1 Comment

Another Reversal?

Nvidia penetrated support and rebounded.

Now, it’s near a contact point on a downtrend line, that’s also part of a trading channel.

Behavior of the market as it pushed above resistance (up-thrust), then below support (spring) is clearly demonstrated.

This is what markets do, have done, for over a century.

As far back as 1902, in Wyckoff’s autobiography, he figured out that such movements have ‘nothing to do with valuations’ (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

Nvidia … Fails & Falls

March 28, 2026 By in Artificial Intelligence, Bonds, Ed Dowd, Interest Rates, NVDA, Semiconductors, TLT, Up-Thrust 1 Comment

One Reversal, After Another

‘The press refuses to report the facts’.

Before we get to Nvidia, let’s start with that nugget, just out, at this link (Time Stamp: 3:40).

How about another one.

‘Iran’s going to win this war’ (Time Stamp: 8:00).

Ok, one more, then the chart.

‘The bond market’s just getting killed’ (Time Stamp: 9:05).

Interest rates higher, not lower, has been a strategic premise on this site, for years (not advice, not a recommendation).

Supporting that statement, links here, here, here and here, all the way back to 2023 (at least).

As always, price action itself, will let us know if an upside reversal is at hand.

Now, on to Nvidia.

Nvidia NVDA, Daily

Price action has successively attempted to push above resistance levels, then printed an ‘up-thrust’, and reversed.

Nvidia finished the week, closing at 167.52, with support (closes) at 167.02 -167.03, printed on 9/5/25 and 7/22/25, respectively.

‘Normal’ market behavior is a bounce off support to test underside resistance … the key word being ‘normal’ (not advice, not a recommendation).

Lastly, here’s the latest from Ed Dowd, concerning Nvidia, link here, (Time Stamp: 24:48).

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

SOXX Top, Gap-Fill

March 25, 2026 By in Artificial Intelligence, Semiconductors, SOXX, SOXX-26-01, Spring-to-Up-Thrust, Up-Thrust 1 Comment

Checklist Complete?

The SOXX closed above resistance, discussed in previous updates, here, here, and here.

This is The Danger Point®, where we have an instability.

Price action needs to decide if that was it for the upside or if somehow, we’re on to new all-time highs (not advice, not a recommendation).

As the chart shows, today was Day 21 from the February 25th, all-time high.

Semiconductors SOXX, Daily

We have the following technical conditions:

Penetration above established resistance levels.

Fibonacci 21-Days, from all-time highs.

Fibonacci 13-Days, from the March 9th low.

Fibonacci 61.8% retrace on print basis and 50% retrace on close basis.

With that said, SOXX sold short; trade SOXX-26-01, stop at today’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