WSM Watch

Williams-Sonoma (WSM), the home products retailer, has swung back into bull phase on the parabolic sar after a two break in bear phase.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
WSM $30.61

The bull phase is with the trend.


WSM goes ex-dividend on Friday, so it's not an options position I would open until the ex-div date is past. Long shares, I might. I do love dividends.

With an average directional index of 47, WSM is a strongly trending stock. The current uptrend (like most long-running uptrends on the charts these days) began in early February.

You are here:

• Reversal
• $31.20, +1.9%
• Now $30.61
• Reversal
• $27.69, -9.5%

The current levels are within a range of strong congerstion set in 2006 and 2007, ranging from $26 to $36. I wouldn't expect the upside to be an easy go.Also, based on the percentages, there's a lot more easy downside than upside.

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This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.

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