Category Archives: Wyckoff

Oil & Gas … Reversal?

October 27, 2026 By in Oil, Oil & Gas, Wyckoff, XOP, XOP-26-11 Leave a comment

What About ‘Higher’?

Wyckoff said a century ago:

‘The tape is the master, and the tape, is a tyrant’.

We have to go with what it’s telling us.

Looking at XOP, it’s possible we’re in a wedge ‘throw-over’ reversal (not advice, not a recommendation).

Watching for a new daily low … otherwise we’re (potentially) back to higher levels.

Stay Tuned

Charts by StockCharts, TC2000

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

Airbnb … The Big Picture

October 18, 2026 By in ABNB, Real Estate, Up-Thrust, Wyckoff 1 Comment

Testing The Test

Yesterday’s update showed how Airbnb tested its wide, high-volume breakout with its own wide, high-volume downside.

That move culminated on September 23rd, which in turn, set up a test of those high-volume bars.

All of this action brings us to now.

The chart below, is a 2-Day Close of ABNB, going back to late 2021.

Airbnb ABNB, 2-Day Close

At the right side, we’re using Wyckoff terminology of ‘Up-Thrust’, ‘Sign of Supply’ and ‘Test’.

The up-thrust action penetrated long standing resistance at the far left. Then, reversed lower with what can be called ‘ease of movement’.

Now, we’ve come back up to test the up-thrust area.

Going Nowhere, Fast

It’s true that ABNB has oscillated in a wide range that’s over 100% from lows to highs.

However, there’s been no sustained long-term breakout to the upside.

With that said, ABNB has been posting (since 2020) sideways action.

In Wall St. parlance, a sideways market, is a bear market (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts, TC2000

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

Reading the Tape: Biotech

October 16, 2026 By in $SPSIBI, Biotech, SPBIO, Wyckoff, Wyckoff Stock Market Institute, XBI, XBI-26-24 Leave a comment

Once You See It.

Legend has it, Wyckoff locked himself in a room with nothing but a stock ticker and telephone; working many hours to decipher what the tape was telling him.

Later, the result of that effort was presented in his seminal text, Studies In Tape Reading, first published in 1910.

One of, if not the most important concept of that effort (also in his training materials) was, ‘What’s the market saying about itself?’

We’re going to use that idea to look at the biotech sector and specifically XBI.

Biotech XBI, Daily

There it is:

We have at least three significant thrusts lower; four if you count the one on August 28th, all of which suggest that XBI is in ‘distribution’ (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts, TC2000

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%

October 10, 2026 By in David Weis, Linda Raschke, Spring-to-Up-Thrust, Up-Thrust, Wyckoff 2 Comments

Raschke, Weis and Wyckoff

The late David Weis once said he kept a copy of Wyckoff’s autobiography in his office, near him.

He made notes on it and marked it up so many times, the cover had fallen off.

His website (now deactivated) had a picture of him holding an original first edition Wyckoff ‘Studies In Tape Reading‘.

The last time I checked, that edition (if you could find one) in good condition, went for around $3,500.

All of this, ties-in with a recent interview of master trader, Linda Raschke, link here.

Wyckoff is specifically mentioned at time stamp: 10:52

In fact, just a few seconds later, we have a discussion on ‘springs’ and ‘up-thrusts’. 🙂

Stay Tuned

Charts by StockCharts, TC2000

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

What’s The Market Saying?

September 27, 2026 By in Oil, Oil & Gas, Wyckoff, XOP, ZeroHedge

Confirmation of Price Action

The Wyckoff technique (in its purest sense) focuses exclusively on price action and volume.

Wyckoff himself said, ‘if you can’t ignore the (financial) news, you’ll never be successful in the markets.‘

With that, we have this just days ago, concerning the oil market, based on price action itself:

“Continued hostilities in the Middle East, along with oil tankers being sunk, do not seem to be materially affecting the (already high) price of oil.”

ZeroHedge Reports

Now, this just out from ZeroHedge, link here.

‘The Straight of Hormuz, has lost it’s grip on oil prices.’

Stay Tuned

Charts by StockCharts, TC2000

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 Nvidia, Just Reverse?

September 23, 2026 By in Artificial Intelligence, NVDA, NVDA-26-02, Semiconductors, Up-Thrust, Wyckoff

A Test, Before Down?

The all-time high is at the far left of the chart.

Then, we have a resistance level, (blue lines), penetrated at ‘1‘.

Today’s red candle is Day 13 from ‘1‘, or Day 8 from the most recent daily lows.

From a Wyckoff perspective, we could look at Point 1, as an up-thrust, followed by ‘sign-of-supply’, and then a test.

Today’s new daily low at Fibonacci Day 8, or Day 13, may help us point odds to the downside (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts, TC2000

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

S&P … One More (all-time) High?

September 21, 2026 By in S&P, S&P 500, SPY, Wyckoff 1 Comment

Within Range

The last update on SPY, showed ‘shortening of the thrust’; a classic Wyckoff observation concerning end of trend (not advice, not a recommendation).

Now, we have a possibility of another all-time high.

Stay Tuned

Charts by StockCharts, TC2000

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

S&P … ‘Short-Stack’

September 19, 2026 By in S&P, S&P 500, SPY, Wyckoff, Wyckoff Stock Market Institute 1 Comment

A Century Old, Observation

The net upward distance traveled on the S&P, with each major thrust, is getting shorter.

This ‘shortened thrust’ is one of Wyckoff’s observations going all the way back to ‘Studies in Tape Reading‘.

It’s getting harder for the S&P to make any additional headway; the move is nearing its end (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts, TC2000

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 … Step-by-Step

August 20, 2026 By in CVNA, CVNA-26-04, Spring-to-Up-Thrust, Transportation, Up-Thrust, Wyckoff 1 Comment

The (short) Path

With today’s new daily high, Carvana’s following a Fibonacci sequence, thus far.

Referencing the chart below, we have:

Day 1: Wyckoff up-thrust, penetrating resistance (blue line).

Day 3: Lows, increased volume; ‘sign-of-supply’.

Day 5: Recovery high, testing the underside.

It’s at this point, anything can happen.

For most of today’s session, CVNA remained below the highs, giving doubt to the prior analysis.

It wasn’t until the last ten-minutes of trade, did price action move above yesterday’s high of 71.18.

Carvana CVNA, Daily

As CVNA pushed above that high, a short was opened: CVNA-26-04, with the stop just above today’s high (not advice, not a recommendation).

If Carvana manages to push higher, the scenario discussed yesterday, the next resistance level may be more probable.

Stay Tuned

Charts by StockCharts, TC2000

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 … Downside Reversal?

August 16, 2026 By in Biotech, IBB, IBB-26-02, Karen Kingston, Speck-Effect, The Speck, Up-Thrust, Wyckoff

Alignment of Forces

The last two updates, here and here, presented the case, forces are lining up; probability’s increasing for a downside reversal.

This update will complete the session (so far) on that potential.

Let’s not forget, behind-the-scenes (for years) stories like this and this continue to bubble to the surface.

Biotech IBB, Weekly

Last week’s trading range was significantly more narrow (with volume higher) than the week prior.

The chart shows IBB finished at or near the top of the wedge boundary and in Wyckoff ‘up-thrust’ position.

The ‘more’ promised at the end of yesterday’s update; Friday’s daily volume contracted on the test.

Stay Tuned

Charts by StockCharts, TC2000

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