This Week at Investing Angles — Part II: Targets Hit. Questions Get Bigger.

Semiconductors delivered, Dow took the scenic route, SPX is dealing with the consequences, and Tesla apparently rejected the shortest path on principle.

Part I was crowded. Part II is smaller, but the remaining four charts somehow managed to bring enough drama for a full room anyway.

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Semiconductors have turned one of our October warnings into a rather impressive receipt. Dow finally arrived where we had been waiting for it. SPX has reached an important structural moment. And Tesla is still proving that no bearish roadmap is complete until it has taken at least three unnecessary detours.

SEMICONDUCTORS

Semiconductors – Weekly Analysis

The gift has been delivered, and it was not exactly a small parcel.

What looked aggressive when we first published the roadmap in October now looks considerably less theoretical.

SOX has already traveled a long way, which means the interesting question is no longer whether the original warning worked. It did.

The question now is whether this was the delivery — or merely the first box.

This week’s report looks at what the latest candles and larger structure are saying now that SOX has reached the part of the chart where things normally become considerably more interesting. The warning was one thing. What happens after the warning delivers may be the more important story.

US INDICES

Dow Jones – Weekly Analysis

Dow finally reached the neighborhood we had been watching.

Eventually.

It chose the scenic route, stopped several times, admired the view, reconsidered the itinerary — and then arrived anyway. But reaching a target does not automatically mean the trip is finished.

The latest weekly structure is beginning to ask a different question: did Dow simply complete the move we had been tracking, or has it arrived at the starting point of something else?

That distinction is what makes this week’s report considerably more interesting than merely checking another target off the list.

SP500 – Weekly Analysis

SPX had one of those weeks where the chart suddenly became much more serious than the headlines.

Several developments we had been tracking for weeks appear to have reached an important conclusion, and the market’s first response has not exactly convinced us that the bulls are back in command. Friday tried to improve the mood.

The chart remained suspicious.

This week’s report focuses on what SPX now needs to do to turn that suspicion into something constructive — and what happens if it cannot. The next few sessions may tell us whether this was simply another rough patch or whether the larger story has quietly moved into its next chapter.

TESLA

Tesla: The Route Is Getting Extravagant

Tesla, naturally, has chosen the most theatrical route available.

The candles are getting increasingly uncomfortable, the larger pattern remains very much alive, and the mid-term roadmap continues to contain possibilities that are perfectly acceptable inside a full technical article and considerably less suitable for a casual X post.

Without the context, one chart could create fireworks. With the context, it becomes something much more useful: a roadmap with several possible exits — some merely unpleasant, others considerably more memorable.

Tesla can still change the script.

At the moment, however, it appears to be enjoying the dramatic version.

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That closes the week.

Part I gave us Oil, Bonds, Financials, Gold, Silver, NVDA, Nasdaq, volatility, the Dollar and the carry trade. Part II brings us back to four charts now standing at particularly interesting crossroads.

Some old warnings have already delivered. Others are getting very close. And a few markets appear to be preparing the next surprise before everyone has finished processing the previous one.

Which is usually how markets work.

The charts rarely wait for the audience to catch up.

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