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DIA trade ideas

SPDR DOW 30 ETF DIA IS BOTH AN UPTREND & DOWNTREND SPDR DOW 30 ETF DIA BOTH UPTREND & DOWNTREND Wednesday 3/19/2014 There are two trends in place since the market is above the 10-day mode at 161.50. The 10-day mode is now 13-days. Why? Because 3 more days have accumulated at the 161.50 level and now the market has disconnected from 161.50 by trading, on Tuesday, completely above the 13-day mode. If you currently have no position - You can go long here at 163.45 with a stop and reverse at 161.50 so that you go short at 161.50. If you are already short: The downtrend is also in place but today is the last day of the downtrend time. The market is also below the two-mode areas labeled above at 164 and 163.6-163.18. This is how a market "balances out" after a period of strong trending action. A market isn't always going to "trend" and allow us to pull endless cash out of it. Let's hope for more big trends but I am fine if there isn't one for awhile. Tim 10:36AM EST 3/19/2014
AMEX:DIA
by timwest
DOW JONES SPDR DIA DAILY FAILED UPTRENDThe downtrend from the January high met all normal "trending" characteristics and guidelines. The uptrend from the February low so far has failed the general trending guidelines and has failed to rally in price or in time that suggests that the market is NOT ACCUMULATED and rather is IN DISTRIBUTION at the current level. The 163.18 level is key resistance and only if the market can climb above this 163.57 level will the uptrend be re-confirmed. A healthy market will rally for 10 days from a 10-day accumulation. Time runs out today on the uptrend, which means that at the end of today if the market is below 163.18, it is wise to go short and place a stop above 165, while looking for a drop down to the 158 level (the last consolidation). Tim 3/17/2014 10:18AM EST 162.39 last
AMEX:DIAShort
by timwest
5
FORECAST FOR 2014 FOR DJIA (DIA)For those of you who know me from my previous posts - I have tried my best to draw the outline of the market going 6-12 months into the future. I have merely "cloned" my previous charts and you can see what those forecasts looked like on this chart. I realize it is a bit cluttered on the chart, but I think the relevant points are on here and you can review what I have said "untouched" from before. So, here it goes: 2014 Forecast: The market has not built enough time up here to sustain a long term rally. But with more time at lower levels then accumulation can develop and the bull market can continue. However, from current levels the market is not on sturdy ground. The market is stretched up at 165 and support is down at 149 and implies a downside risk of 10%. The time of the last consolidation was 12 weeks and we are in the 12th week of the rally. So, time has run out. Since the market has needed 20 weeks of accumulation before each previous rally, it is bearish to me that it only took 12 weeks in this latest accumulation. The factors driving the market until now have been clear (stock buybacks, earnings growth, Fed driven low interest rates, equity fund inflows), but we are ahead of rational long term valuations and I would not recommend committing new funds to this market. I am concerned about several areas: Corporate leverage is up. Valuations are stretched as stocks have been top performers. Margin buying is at record levels. Investors are optimistic again. Analysts seem unanimous in forecasting higher prices. Demographic trends are pointing down for several years, implying weak economic growth (See Harry Dent's newest book, just released this week). This is a great time to do the opposite of the analysts forecasting another 10%-15% gains and walk away instead. A great alternative will be picking individual stocks and getting back in when prices are lower. I'm happy to take the risk of avoiding any further upside to this market. For now, sit in cash and if you have knowledge about put and call options, you can utilize strategies to give away the upside (selling call options) return in exchange for protecting against a move to the downside (buying put options). Happy New Year to all and here is to a successful 2014 at TradingView! Cheers, Tim Jan 9, 2014 12:10PM EST
AMEX:DIAShort
by timwest
17
REVIEW OF 2013 FORECAST FOR THE DJIA by Tim WestOverall, this was a decent forecast of the primary movement of the market for 2013. The previous year's forecast was also decent and this brings me to 2014 and forcing myself to sit down and weigh out the overall landscape of supply and demand for equities, the levels of sentiment across the spectrum and weigh out which way I believe the market will move for the year. Cheers to a great 2013 and wishing you all another great year ahead for 2014. All the best, Tim 1/3/2014 @ 12:58PM EST
AMEX:DIA
by timwest
1