Category Archives: Up-Thrust

Affirm Reversal

May 10, 2026 By in AFRM, Up-Thrust Leave a comment

Fibonacci Retrace

The up-thrust reversal shown at left (black arrow), is at both a Fibonacci 50% retrace as well as 38.2%, on a longer time frame.

‘Normal’ market behavior is to come back for a test (not advice, not a recommendation).

If that happnes, we’ll cover more detail at the next session.

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 at Resistance

May 6, 2026 By in DASH, Michael Bordenaro, Spring-to-Up-Thrust, UBER, Up-Thrust Leave a comment

Earnings Release

With anecdotal evidence the ‘gig’ economy is having trouble, link here, Uber is at resistance.

Earnings were released before the regular open; the response was a gap higher.

That gap and subsequent action, shown below.

Uber UBER, Daily

Volume was heavy, indicating the potential for continued upside (not advice, not a recommendation).

The chart shows we’ve just penetrated well-established resistance; now, slightly below the 38.2%, retrace level.

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

eBay’s ‘Island Gap’

May 5, 2026 By in EBAY, EBAY-26-02, Spring-to-Up-Thrust, Up-Thrust, Wyckoff Leave a comment

From, All-Time Highs

If it holds, it’s an island gap-down from all-time highs.

The repeating spring to up-thrust set-up, is also shown.

We’re still in a terminating, rising wedge, at the extremes.

We’re also at The Danger Point®, where the risk on a short position is least (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

Biotech … Test & Reverse

May 1, 2026 By in $SPSIBI, Biotech, SPBIO, Spring-to-Up-Thrust, Up-Thrust, XBI, XBI-26-05 Leave a comment

Pivot Lower

This week, biotech XBI, broke below support and then came back to test.

Today printed a new daily low (and closed lower), indicating the test may be complete.

Short trade: XBI-26-05, opened late in the session with a stop just above the day’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

Alcoa … Dramatic Breakdown

April 28, 2026 By in AA, AA-26-03, AA-26-04, David Weis, Dr. Elder, Up-Thrust 2 Comments

Textbook

With a short-entry signal that’s straight out of David Weis’ training video (recorded in 2007), Alcoa breaks down in dramatic fashion (not advice, not a recommendation).

As of this post, 11:34 a.m., EST, Alcoa has gap-opened lower, currently down, -5.10%.

Alcoa AA, Daily

Prior short, AA-26-03, was exited last Friday with profit.

That action proved to be correct. The next session (yesterday), was a rally into a test.

Today, was a gap-lower open.

There’s a potential for a sustained move. Short, AA-26-04, opened with a stop located at yesterday’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

CBRE Group

April 26, 2026 By in Artificial Intelligence, CBRE, Up-Thrust 1 Comment

Up-Thrust, on Earnings

CBRE Group has got its fingers in the A.I. narrative, link here.

An added bonus is their commitment to ‘net zero’, link here.

Considering the A.I. narrative is being ‘challenged‘, leads to the potential for directional movement (not advice, not a recommendation).

Price action oscillated in a 14-point range at earnings release last Thursday, ultimately closing down -2.74%.

CBRE Group CBRE, Daily

There was acceleration lower with heavy volume during the ‘A.I. Scare’, link here.

This past Thursday, resistance levels were tested.

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

Alcoa … Top, Drop, Test

April 23, 2026 By in AA, AA-26-03, Basic Materials, Linda Raschke, Spring-to-Up-Thrust, Up-Thrust

Trading Channel

Today’s new daily low, indicates test of the up-thrust reversal (below), is complete.

During yesterday’s open, as the initial minutes pushed action higher, a short was opened (not advice, not a recommendation).

As Linda Rashke just got done telling us:

‘You need to have the market available (for your position) to take or provide your ‘inventory’

That means, selling out the longs or going short as the market is liquid or rising (not advice, not a recommendation).

Alcoa Corporation AA, Daily

Managing this trade, is watching the channel, maintaining position as long as price action dictates (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

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

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

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, Up-Thrust, GLW, GLW-26-10

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

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