timwest

timwest Wizard Updated 

Long term chart after discussing the count with other users here at TradingView. Don't bet your retirement account on this going to 1100, but that gives it a market cap of just over $100 billion, which may seem far-fetched but we never know. Keep in mind the next big upleg could start from around the 200 level (down 20% from here). So, it's going to take more...

timwest Wizard Updated 

There is a lot of information in a chart to digest and I wanted to put up a technical chart first before showing you the fundamentals, which is what I actually look at first. Why fundamentals first? Because I find it helps me sleep at night when I know what is going on under the surface of the stock price. I like to know who is buying and for what reasons and...

timwest Wizard Updated 

India's NIFTY INDEX - Near the top formation from 8300-8640 - Look for downside to 8000-7800. The NIFTY Index chart has a remarkable similarity to the US stock market chart. The recent rally from the early September lows has nearly reached the top formation from July - August from the 8300-8640 level and it looks like the downside will be tested in the coming...

timwest Wizard Updated 

Netflix may be on of my favorite monthly subscriptions and my kids love it too, but NFLX is bleeding cash flow. Investors are paying up to 6 times in market capitalization for every $1 in revenue at Netflix. And although NFLX is reporting a profit, after tax, when you factor in the investments they need to make to grow the business, the story begins to come...

timwest Wizard Updated 

Let's assume you were up 10% so far in 2016. (The green box labeled on the chart is a level where there are 10-days that close lower than that, so it is a fair level to call "the bottom" and the market is up 10% from that level.) If you purchased the overall stock market when the S&P500 was 1880 back in Jan-Feb: What would you do now? 1. Cash out your 10%...

timwest Wizard Updated 

Here's how the Russell 2000 today is copying a time period from the S&P500-0.21% in the past. The time frames on these charts are very long term. They are both MONTHLY charts and are not for day-trading or short term market timing. These similar structures and patterns probably tell us a great story. Time will tell if we repeat the pattern. Look for my...

timwest Wizard Updated 

Nike has been an investors best dream for many years now as it has compounded investor capital by double-digits for the past 10 and 20 years. Lately, however, NKE is in a correction which has reached 22%, which is a very typical correction for this superstar stock. Instead of waiting until the moment that NKE has reached down to an ideal entry level at $51 or...

timwest Wizard

I was looking at TESLA and noticing how long it needs to consolidate before taking off - now granted - it doesn't have anything driving it to make it take off fundamentally this time like it did last time with Model S sales going great... but I suppose it could be anticipation of Model 3 sales and the July grand opening of the Gigafactory. Interesting that I...

timwest Wizard

There is a "Hidden Support" level that I have published many times here at TradingView and it comes from the large, long term buyers who show up to absorb supply from weak, short-term sellers. The "hidden tracks" that these buyers leave in the market, in this case the SPY (S&P500) revealing their presence is the action of the VIX indicator which retraces 75% of...

timwest Wizard Updated 

The Key Earnings Level is the cumulative level where each element of the DJIA has reported earnings and created a "mass focus" level where there is either support or resistance. I call the "Earnings Report" levels "KEY EARNINGS LEVELS". The summation of every DJIA stock is represented by each data point listed here and has been useful for defining important...

timwest Wizard Updated 

How does accumulation reveal itself in charts? When distribution doesn't end up causing a deep enough selloff to confirm the distribution. So here is what I see: Here are some VERY INTERESTING Time@Mode facts: 1. The daily 7-day mode downtrend ended after FAILING to decline the proper amount to indicate the sellers are in control. 2. The next 7-day mode...

timwest Wizard Updated 

Quick observation: AIG is turning up from a base and is lagging far behind TRV which has already returned to its highs. I would risk a drop back under the EARNINGS SUPPORT line about 2% lower (but use a 4% or so stop loss) and target a rally to the 60-62 area, up more than 6-7 points or 13%. Keep an eye on TRV to make sure it holds up against the highs or else...

timwest Wizard Updated 

Earlier this week I put this chart together and have thought about waiting to publish this when it was a bit more "timely". However, given the Yellen speech, the lack of follow through to the downside move late last week from 15.80 to under 15.20, and the generally weak economic growth globally, all of the created liquidity that is sloshing around in global...

timwest Wizard Updated 

There are many stories to tell about the chart of Abiomed (ABMD). I have shown how the Earnings Level is key support especially in the corrections in October and February. The last three earnings reports have been around the same price in ABMD shares: 85, 84, 87. Last week the price range expanded to the upside as it moved away from the 87.50 level and...

timwest Wizard Updated 

Using the KEY LEVELS method, GM is a low-risk buy against the support created by the last earnings report. I like to trade against these KEY LEVELS and enter AFTER earnings have been released and the stock revisits the KEY LEVEL. If you rally INTO the Key level then it is RESISTANCE. If it falls down TO the Key level then it is support. Risk is 1 average...

timwest Wizard Updated 

Notice this long term correlation between the CADUSD and USOIL. First - look at the MONTHLY chart over 10 years and look for times when they are noticeably out of relationship. Second - look at the WEEKLY chart over 5 years. Third - look at the DAILY bars over 1 year and see how tightly structured these to markets are lately. Fourth - look at the 4-HOUR bars...

timwest Wizard

Today is the day you can take advantage of finding patterns in QUARTERLY data by looking for new trends to begin at the start of quarterly time windows. Quite often the markets run on accounting periods because portfolio managers want to "dress up" their portfolios for quarter-end and then "undress" them at the start of the new quarter, or get aggressive in a...

timwest Wizard Updated 

The 1800% rally from the low in Ethereum has to be one of 2016's greatest so far: When a market is so good,it doesn't get oversold to allow everyone to get in. I'm no expert on ETHXBT fundamentals, but I like the story and I am late to the party. Distributed computing sounds very promising, but also the violent downside is clearly evident in this chart. ...