timwest

New Way To Highlight Important Price Action - AAPL vs VIXY

NASDAQ:AAPL   APPLE INC
753 11 8
New observation - new hidden level that I'm working on - If a stock outperforms the market, graph that day with a special triangle (blue, in this case). I show outperformance by showing all the days when AAPL             rises when VIXY             rises. VIXY             rises when general market participants are getting more uncertain.

Note how AAPL             lost the progression of blue triangles prior to the recent decline from the 131 area.

There are numerous ways to look at these triangles, but what I want to show is the DAYS when AAPL             is outperforming the market so I can see at what levels people were in the market BUYING AAPL             shares in a relatively unusual way relative to the market in general. That, to me, is what KEY HIDDEN LEVELS ARE ALL ABOUT. We can use REAL NEWS, as in my Earnings Key Hidden Level, or we can use RELATIVE price action to show where the important price levels are in a stock .

So, closely examine the BLUE TRIANGLES in the chart so you can see the days when AAPL             stock was UP when VIXY             was ALSO UP. It provides VERY USEFUL levels.

Tim
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thank you sooooooooooo much , I like the your Chart a lot .............. you are so wonderful
+1 Reply
Thanks @khaled5 - I think it is a powerful way to view price action. I'm glad you like it.
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I didn't think about that comment being sarcastic, but looking at it again... I guess it was.
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Seems like someone's let's say, 'bottom'-hurt and holding a long position.
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Insightful observation Tim. Would the inverse also hold similar value - when AAPL is underperforming the market? (both are red)
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You could also plot the inverse, yes. If VIX falls and AAPL falls, you'd make an orange triangle. I have a red triangle mean something else already.
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lol...
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timwest PRO theyield
What is worth laughing about? I guess @khaled5's comment was a joke?
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Hi Tim, this is great, after all when a stock outperforms the market at particular moments it should show strength, no? Will you be publishing this as an indicator? Thanks!
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I might code it for "relative to SP500" and "relative to VIXY" or "relative to VIX". It's definitely good to "see" where a stock outperforms the market like this.
+1 Reply
Tony_M timwest
Thats great! Thanks!

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