timwest

timwest Wizard

Delta is just off of an extreme level of valuation as it backs down to $43.36 today, May 22, 2015. If you look at the Total Revenue chart, you can see that revenue gains were steady and have increased by 42% since 5 years ago in May. Over the same time frame, however, the stock price has risen by 267%. After-tax margins went from losses to profits and margins...

timwest Wizard

Here is my chart from 9 months ago when TFM was in the low $30's prior to the run up over $40. I only added that TFM is the cheapest it has been so far. It is consistently profitable and total revenues continue to grind ahead. You want to buy these quality stocks when others are selling and when they represent great value. It's time again to back up the...

timwest Wizard

I'll call this "NEUTRAL" because the uptrend is still trading around the MODE, which is now 15 days and is at today's range (See chart). The DOWNTREND from the high is in place, but the price is at that mode also. So, it appears likely that we are forming a triangle here because no trend is "strong" at this point. You can see that the uptrend time expired...

timwest Wizard

Here's a picture of the DOW JONES INDUSTRIAL AVERAGE along with the elements and the dates that they reported earnings and the corresponding DJIA range of the day that earnings were released. If the market falls when earnings are released, that can sour the mood of the market faster than on other days. If the market rallies on the day that earnings are out,...

timwest Wizard

Crude Oil's recent weakness might spillover into TSLA shares here on a pullback to retest the EARNINGS RELEASE SUPPORT level. Buying Tesla was a similar trade to going long Crude Oil for the past month. Lately though, crude oil has turned down and has retraced from 62.58 to 57.99 on the front month contract (CL1! on TradingView). There is an excellent level...

timwest Wizard

From the last chart I published where GMCR was right up against its last earnings report level, which was massive resistance AND from the giant top formation, GMCR has fallen to the lowest volume of trading level, which is very strong support. Why is "LOW VOLUME" support? Because there were so many buyers at that level on the way up that the sellers cleared...

timwest Wizard

Rally Time Expired on Friday when 15 days ended from the 15-day consolidation that I had shown here. I have done a meticulous chart of the exact time at mode and there are actually 16-days, so either way, we are close to the end here. What I have added are the "Range Expansion PURPLE TRIANGLES" that show key levels of resistance on the way down from back in...

timwest Wizard

For those of you who look for price patterns, the "terminal" pattern is the most opportune pattern there is. The reason the "terminal triangle" is so powerful is because it creates a psychology that is extreme in the sense that each dip is less and less and each dip leads to a new high. Investors literally become euphoric. Investors become immune to risk and...

timwest Wizard

Walmart has bottomed consistently at 0.50x's Sales since late 2012, with each swoon holding perfectly at that level. Given the size of Walmart and the breadth of shareholders and analyst coverage, it is logical that investors have stepped in and defined a specific level of valuation for which they will continue to buy shares. I have done this analysis in GM...

timwest Wizard

See Chart. Premise: I like technically ugly and oversold into long term valuation zones. Tim 2:36PM EST Friday, March 15, 2015 79.06 last WMT

timwest Wizard

If the DAX slips under this Friday's low and Tuesday's low, it could trigger a chain of stop losses and create an excellent, low-risk, high-reward trade setup. We will be able to sell against 11350-11400 on any rallies back up from 11,200 and would be extremely low risk, high reward trading setups. Last month I published a chart pointing out the topping pattern...

timwest Wizard

This is an exact copy of the chart I published over a month ago and what I have added is a green parallel channel that is showing you the rough area where the stock will be trading at 8 times sales at the low end and 10 times sales at the high end. Over time the stock will rise or fall around this channel and the last correction into the 180 level in March pushed...

timwest Wizard

Watch how Silver has been acting here lately. Note how the price range of the weekly time frame is expanding to the upside. I have graphed all three of them since the March low with BLUE TRIANGLES. A low-risk way to trade is to BUY DIPS to the mid-point of the RANGE EXPANSION level (on the weekly basis). The target from the entry is the peak of the blue...

timwest Wizard

I could wait until the end of May to publish this but I still felt it was worth updating. I felt it was worth updating since the daily chart can't seem to get going despite a very bullish daily pattern revealing accumulation. The monthly downtrend is very weak because it hasn't reached the downside targets and there is no follow through or range expansion on the...

timwest Wizard

Corn is at a very interesting place here on the chart. You can buy with a 362 1/2 stop and look for a move to 379-380 in the near term. I'm curious to see if the sellers re-emerge since you can see that the last level of oversold reading of 11-day CCI is now breached, that maybe the shorts get squeezed a little. The sellers have been in control for a long time...

timwest Wizard

The falling volume through the rally coupled with the rising, converging trend lines could be a sign that XLE is going to re-test the lows and potentially drop far under the lows. In order to enter this trade though, I'd like to see XLE fall under the wall of volume at the 80 level and breach 79.5 before going short. You can sell on weakness below 79.5 and on...

timwest Wizard

After building a mode, as shown, for 14 days, the EURUSD has gone on a rally which has now extended 14 days. The advance has also equaled the range of the accumulation around the mode. If you are long, this is where you exit. You can stay in with trailing stops and even REVERSE and go short with close stops. Cheers. Tim 3:18PM EST Wednesday, May 13,...

timwest Wizard

Now that the earnings are out and TWTR got hammered back down to old levels, we can see the trail of sell orders that have hit the stock which has followed a pattern you normally see after blow-outs on the downside. Typically you will see either 3 days of selling or 3 waves of selling. The last move down from last Friday to Monday didn't even show a rise in...