timwest

timwest Wizard Updated 

Abiomed is facing a liquidation and run for the hills by momentum investors who piled into ABMD shares on the gap-up and run higher back in August after an impressive earnings report. The liquidation is on news that one of the suppliers to the pacemaker industry cut back forecasts and it set off a stampede for the exits. Abiomed makes heart pumps but they don't...

timwest Wizard Updated 

Zillow and Trulia merged to form ZILLOW GROUP and now trades under the symbol Z. There are no charts published here at TradingView under the new Z symbol. A breakout to newhighs in this market condition are very bullish for Zillow Group. Buy pullbacks to this zone and target a retest of the high and use oversold readings of CCI(11) to buy and add on strength...

timwest Wizard

In this example I am showing you how the market remembers important price levels and how you want to trade around them. What I am showing you here is the levels where EARNINGS were reported. I have my own special way to graph that so you can see it easily without any trouble. You can see the "earnings" tab at the bottom of charts here at TradingView. If you...

timwest Wizard

Just a plain chart of AAPL. One is upside down. Which chart is bullish-looking to you? Does the bullish chart look equally bearish in the other chart? Or does the bearish chart look more bullish in the flipped chart? Do the colors of the bars (Bright Red versus Darker Red) change your opinion at all? Be aware of LONG or SHORT bias by inverting your...

timwest Wizard

Have you ever taken a chart and looked at it from the flip-side? Why would you do that? To avoid bias. There is a long bias and a short bias. We all have biases, but just need to confirm it by a simple test. Plot a chart of SYM and then plot the inverse of the chart next to it by using 100/SYM. You can make the numerator any size you want to get the price...

timwest Wizard

Take a look at these compelling charts to see that Dunkin' Donuts is leading the way for Starbucks. DNKN headed south after hitting a new high this summer and now sits 25% off of its high while SBUX sits very close to its high. Investors will get an earnings report on SBUX on October 29 which will give us some new clarity. DNKN reports on the 22nd of October,...

timwest Wizard

It's TIME to make the switch: Target is rolling over and Walmart is turning the corner. Time to Sell (Short) Target and Time to Buy (Go Long) Walmart Time frame for this trade: 1-3 months, if profitable, then maybe hold 6-9 months. Walmart has been beaten down by higher self-inflicted labor costs (raising the minimum wage on itself) and a soft economic...

timwest Wizard

As soon as DD turn up relative to SPY on the day highlighted it was the time to put on the trade. Even if you waited until it went over the 10-day average of the ratio, you would have gotten in with very good risk/reward. You would have had 1% drawdown on the first day's open, then as much as a 19% gain from there to today's high, or a 16% return to the last...

timwest Wizard Updated 

Du Pont (DD) is deeply oversold and out of favor, thanks to its heavy cyclical nature and chemical exposure. I like how the volatility of DD shares have quieted down over the past few days here, which can signal that the sellers are done with their selling for the time being. The way to put this trade on is to wait until the DD starts to outperform SPY on a...

timwest Wizard

The chart here is a mishmash of trends ongoing currently. I define trend quite simply: 1. Downtrend = when there is a 5-day period without a new high, then you are in a downtrend. 2. Uptrend = when there is a 5-day period without a new low, then you are in an uptrend. 3. Uptrend = in force when the last sale is above the "most frequent price" of the...

timwest Wizard

Many people "bought the dip" to the 290-300 level from the $340 peak become the new supply here to check any advance. Those buyers are feeling relief after suffering a drop of 20% in a month, but now the psychology will be "Just let me out of this stock at Break-Even" thinking which will keep the stock from rising above this level for at least a few weeks. The...

timwest Wizard

Silver Launched higher today for one big reason, the release of the employment number, but there were other factors setting up coming into this number. Silver's triangle is well displayed here using the "highest lows" and "lowest highs" to create the pattern. Silver is rallying for a number of reasons: 1. Start of a new quarter (7.7% decline in 3rd Qtr) 2. ...

timwest Wizard

I am analyzing SYF this morning - the stock earns roughly 2% per quarter or 8% per year, roughly, so it seems cheap. I owned it from the IPO and held it for the rally to near 30 in 2014 and sold it. Now I get the chance to repurchase the shares close to what I sold them for. Earnings for the last 4 quarters are 70c, 64c, 66c, 65c, and estimates are for 68c in the...

timwest Wizard

There are a few ideas which will help you decipher where support and resistance are in the market. With the help of TradingView's powerful graphical ability and a subscription to some of the premium services, you can "see" levels of support/resistance in unique ways. One I am showing you here is "volume profile" which you can set over a time range that you...

timwest Wizard

Using data from the US Catholic Church website www.usccb.org I have plotted YELLOW ARROWS over the month of the Papal visits. Other websites have pointed out that the Pope has visited the US only at important stock market tops, but you can see here that although the timing of the September 1987 peak and the April 2008 peak in the stock market are astounding,...

timwest Wizard

The DAX has peaked before the SPY (blue line) in the two big bear market drops of 2000-2003 and 2007-2009. And the DAX peaked first in this recent peak and bear market, off 24.7% at the lows and off 22+% now. The US market is nearly 90% correlated to the DAX, but the DAX has had deeper corrections. You can see all of the bear markets on the chart. They are...

timwest Wizard

HYG/TLT Ratio Is a simple ratio of Risky Bonds vs Safe Bonds IF this ratio is declining, risk is getting punished. Note how the stock market goes sideways if this ratio is declining. Siamese Twins Here as Banks De-Leverage from 2007-2010. Since then if HYG/TLT is declining - the stock market is is flat over extended periods of time. Note the red arrows...

timwest Wizard

Apart from a catchy rhyme - the S&P500 has not bested its peak level, when using the SPY, or the investible index of the S&P500. That's quite a non-return over 15 years. Zero return despite two massive losing streaks of 48% and 53% (using only monthly closes in the calculation). Granted, this doesn't include dividends paid out on SPY, which has been roughly...