timwest

timwest Wizard

Here is a longer-term view of INTC and the accumulation pattern that it has been in. The lows are higher and the highs are higher, which is a simple way to say the trend is up for INTC. Recent weaker than expected announcements from the company have softened the price of INTC shares, but they still have room to fall to reach the "value buyers" which have been...

timwest Wizard

The previous ranges simply continue to explain current market behavior.

timwest Wizard

It would appear that there plenty of put option owners starting at 122 and therefore there is support there. With 3 expirations at the 121, 124, 122 in Sep-Oct-Nov, there should be plenty of support at those levels too. A good trade may be to sell the 120 puts that expire on Friday against buying 119 or 118 puts for a credit. By: Technical TIm 9:49AM EST Mon,...

timwest Wizard

See comments on the chart and view previous charts on FXE that I have posted. Essentially, the FXE (EURUSD, Eurocurrency) is struggling to make new lows despite very negative news lately and concerns about liquidity in European banks. If this is as low as we can go on news that severe, then we have to assume that the bears are short and have no more ammo to...

timwest Wizard

Note how NFLX held the support line drawn on the chart. This is constructive. Note the green boxes where I highlight the daily range and add another green box to highlight the most frequent zones where you may have filled your orders had you followed the advice to enter over 5 days. I believe it makes sense to raise the stop to 65 from 61, but given that this...

timwest Wizard

Some comments on GOLD (GLD etf): IF THIS BIG GAP UP AND CLOSE LOWER DAY CAN'T LEAD TO LOWER PRICES RIGHT AWAY (TODAY), THEN IT IS BEST TO ASSUME THAT WAS A FAKE-OUT. IF THE SELLERS WERE VERY DETERMINED TO SELL GOLD, THEY WOULD HAVE MORE TO SELL AND PRICES WOULD BE HEADING LOWER TODAY. MAKES SENSE. By: Technical Tim Dec 8, 2011 9:52AMEST

timwest Wizard

Jack Welch retired at the top of the 2000 peak in GE shares and was universally viewed as a genius, visionary, expert and the most evangelist CEO in the world. I can't help but think that perhaps AAPL will share a similar fate with the transfer of power from Jobs to Tim Cook. GE was the largest cap stock in the world at the peak (north of $600 billion back then)...

timwest Wizard

To start, read the Barron's Article: The stock jumped last Monday on that story and then fully retraced. The valuation of NFLX seems compelling down here despite all of the chatter. A tad more than 1X's Sales is dirt cheap to me. Year-end tax sellers will likely be out of the way soon, if they aren't already out of the stock. This is the best candidate for a...

timwest Wizard

Buy Stock & Sell Covered Calls on YHOO at $16. Dec 16th expiration Options are 62 cents. Return potential = 4% in 9 days Risk is a loss starting at $15.38. With takeover bids surrounding YHOO, there is risk that no deal gets done by year end and a drop down to the $14 area where the stock was prior to renewed t/o talk. YHOO is a reasonable value in...

timwest Wizard

The chart of Gold (GLD etf) is stuck between a rock (at 173-175) and a hard place (at 163-160). We are closer to supply here at 170 so that gives me the idea to sell short and look for a break down to the 165 area while risking 5 pts. It is a 50/50 trade, so not a high payoff trade, but to me it is a high probability trade. The chart displays quite nicely how...

timwest Wizard

The classic question in investing - bonds versus stocks - here's a 6 week chart (hourly) to update you on the long term chart I posted two months ago. If you had tracked this spread between the performance of SPY and TLT, it once again had jumped to a large spread, which has again disappeared. Here is hoping that you are using the power of this TradingView...

timwest Wizard

Risk of a major trendline break is more psychologically needed to flush out the weak holders of AAPL shares over the coming days, weeks and months. We could see a push into the 390-400 area in this rally, but at that point it would provide an exceptionally low risk versus high reward ratio that would be wonderful to see. At this level 385+ there is...

timwest Wizard

AZO is down on the day while the overall market is up 3%. Over the long haul, AZO has tremendously outperformed the market, however, with recent chunks of insider sales just above current prices and with this stock at fairly lofty valuation levels, perhaps there is a chance that this stock gets tested to see if buyers lurk underneath current prices. $300-$270...

timwest Wizard

UNTOUCHED CHART FROM Nov 9th: AMZN almost reached the 2nd target level at 180 in last week's decline. Since futures are pointing sharply higher on Sunday evening, I felt that a comment was appropriate. A very strong holiday sales season is underway as shoppers continue to migrate to the internet AND appear to be getting over the blues by spending some hard...

timwest Wizard

NUAN is the provider of the Siri assistant to the Apple iPhone and broke out around the time of the release of the G4. Now it is in a retesting phase and is a lower-risk entry here. Notice how volume is lower on the decline than on the rally, signifying profit-taking by traders, and resting by long term investors. As time develops and the fundamentals confirm...

timwest Wizard

Silver is down from last week's sell signal (going under $33). This is a decent place to cover, especially ahead of any news coming out of the Deficit Cutting Committee AND ahead of Thanksgiving. This is a decent profit for a short period of time and many other, more vulnerable charts are breaking, like AMZN and AAPL, that are more interesting to me. This is...

timwest Wizard

Here are the raw basics on this strategy (see red type): #1. Find two stocks that correlate #2. Decide on some rules in advance so you don't hang onto losers. #3. Keep risk on any trade to 1% of your portfolio or less. If you don't know how then I can create some charts to show you how. I highlighted in BLUE CIRCLES when there were periods when you could have...

timwest Wizard

There is a clearly visible HEAD & SHOULDERS BOTTOM pattern in Devon Energy Corp (DVN, nyse). Note the classic signs of a bottom with price and volume patterns. #1. The highest volume of selling is in the left shoulder, which is the longest time ago. #2. Much less selling pressure in the head, again indicating a reduction in selling pressure. #3. Right...