timwest

timwest Wizard Updated 

Confluent NASDAQ:CFLT has an 11-month base formation since last May 2022 almost every month has touched the price of $22.6/sh. This May the price of NASDAQ:CFLT has "range expanded up" which can mean that buyers are in control and stepping up after they have accumulated enough shares to control the price. The base measures 100% from a low near $17 to a high...

timwest Wizard Updated 

What do you mean by a spread? A spread is a difference between two similar markets, in this case oil stocks and oil service companies versus the basic commodity that those oil companies trade in, which is crude oil. There is a substantial trade set up at the moment that presents large returns with a reasonable amount of risk. Shorting Energy Stocks using the $XLE...

timwest Wizard Updated 

I have put an example of the "Time At Mode" technique that is very useful and gives specific time and price targets for stocks, indexes and commodities. Begin the analysis in the lower-left-corner at the lowest low. Once the market has had 5 weeks without making a new low, we can conclude that a weekly uptrend has started from the lowest low. Over time the...

timwest Wizard Updated 

I thought I would publish this "guess" for the sheer entertainment value to show the dramatic increase in mortgage rates and to put in perspective the damage that has likely been done to the purchasing power of home buyers. The Fed has engineered an attempt to shut down an excessive spending to cool the economy down and we are all waiting for reverberations to...

timwest Wizard Updated 

If you track the CBOE:SKEW index, it reveals when put options on the S&P500 ( AMEX:SPY , FX:SPX500 ) are at high levels relative to calls. Sometimes that means there is a big event ahead and the market participants are buying "insurance" against a sharp drop in the market over the life of the options contracts. So, I think it is important to track CBOE:SKEW ...

timwest Wizard Updated 

Here's how the stock market declined in 2018 from the peak in January and the peak in October as compared to the current peak. I also have graphed the levels of support from previous panic selloffs as represented by the pink triangles and lines. Usually those are reference levels for support for the market. Notice what happened back in late 2018 when the...

timwest Wizard Updated 

Here's what I like to plot using the great charting tools available at TradingView: 1. Free Cash Flow 2. Price to Sales Ratio (PSR) 3. Average Basic Shares Outstanding 4. Long Term Debt (excl lease liabilities) 5. Total Revenues 6. Market Cap From this I can assess how the structure of the company has changed over time. For example: Did the company go...

timwest Wizard Updated 

This chart shows how important the President of the United States Election Level has been to the $DXY currency market for 6 years now. Pay attention to this KEY LEVEL for important support or resistance. Tim

timwest Wizard

The Soybean futures market is generating a buy signal based on the monthly time frame based on the "Time@Mode Methodology". Notice the 8 month sideways action around the green horizontal line in 2021 which set up what turned into a 7 month rally into June 2022. When "time expires" the market tends to form a new mode at that price level (within the range of the...

timwest Wizard Updated 

Just a commentary about President Biden's Press Secretary saying that the Ukraine situation has caused oil prices to be elevated. The advance from the lockdown/reopening may have been a much more important factor in the current market price. The fear that investments in new oil refining wouldn't generate a return with an administration vehemently against oil...

timwest Wizard Updated 

What I would like to reveal with these two charts, the Crude Oil market ($USDWTI) and the US Stock Market ($SPX500) using a 22-day chart (monthly) is the link between them and how we can utilize large drops in Crude Oil to help us to find support levels in the S&P500 Index. In order to help us see crude oil inflation adjusted, I divided Crude by the CPI Index. You...

timwest Wizard Updated 

Hope, fear and greed can be measured in many ways on Wall Street and we are told to "sell hope and buy fear" by the great investors, sages and textbooks of all time. It is difficult to buy fear and even more difficult to sell hope, since hope tends to go on longer and go higher than anyone can imagine. But the downside is more consistent and similar, as you'll...

timwest Wizard

Trying to work on a new "Key Hidden Level" that might be useful for a reference in the stock market. What is a "Key Hidden Level"? A Key Hidden Level is a price level where something important happened and is a useful reference level for the market for quite some time after the event. Examples: Earnings Reports (or "quarterly updates" since these days not...

timwest Wizard Updated 

Overly simplistic - non-inflation adjusted returns, but so far they are remarkably similar. I lined up the bottoms of 1974 and 1987 to the 2009 low. Doing some "pattern analysis" to show that the magnitude of the current advance is similar when compared to previous booms. What do we have in this cycle compared to 1973-1987 and 1987-2000? Back then we had...

timwest Wizard Updated 

The stock index that we have all watched for the longest and still gets quoted far more often than the S&P500 Index is the good old Dow Jones Industrial Average. It's been around for a long time and it has on major problem, that it is a price-weighted index. Why is that a problem? The higher the stock price, the bigger the impact on the index. Low-priced stocks...

timwest Wizard Updated 

In 1987, 33 years ago, the $SPX500 peaked in August on the 25th of the month right as Alan Greenspan took over at the Federal Reserve from the then greatest Paul Volcker who had navigated the US financial markets through the desperate Jimmy Carter inflation of the late 1970's and spiked rates up to the sky to stop inflation into 1980. The stock market in 1987...

timwest Wizard Updated 

Here's a quick TREND ANALYSIS using a simple method I like to call "TIME AT MODE" in the current crude oil market. I'm using the April 2021 futures contract to do the daily analysis. FIRST, notice that the crude oil market has not made a new high in over 5-days. That observation makes me look for downside trades in crude oil by first finding the "mode" since...

timwest Wizard Updated 

The “TIME AT MODE” method of analyzing price consolidations and subsequent trends nailed the top in $TSLA in the latest peak. Very simply stated: We outlined the top based on the # of weeks at the last consolidation. Once a market “breaks away” from that consolidation by “range expanding” as shown with the yellow triangle, you can begin counting down time based...