The Long Investor

$XLV - SAFE HAVEN -

Healthcare should be remained as the safe haven sector.

It's been very healthy this year and has diverged considerably from the market and tech stocks.

This chart has not changed but it is worth considering this set up, with the week we have in front of us.

A retest of the ...

$WBA - RC -

This is truly horrific from $WBA, losing the last Fib support level at $10.67 now and continues to look week

This is while having a dividend of 10.8%, desperate measure to try and stop the selling.

This is not a stock I could recommend in this position right now but will be interestin...

$TTD - RC - WATCHLIST -

I was asked about $TTD last week and there is no changes to this chart since the start of May.

Price has broken out of the ascending triangle and using the 50 Day MA to propel higher

Price is moving very well to our blue line at $114 next.

A break above this level and the bulls ...

$SQ

$SQ is also offering a double hold here too on the 0.618 Fib, I have uploaded a number of these set ups today too.

Price is still below its 50 and 200 Day MA now so this is not without risk while under both of these moving averages

But if $SQ can get back above the 200 Day MA at $69 t...

$PSO - WATCHLIST -

I need to bring this back to your attention as it is moving incredibly strong and has broken out of this ascending triangle and gone above the inverse head and shoulders neckline at $13.20.

Wave 3 target has not changed at the Second Target at $18.70, with Wave 5 at $22.

2.1% dividend...

$TGT

This might be a slight bit early but I have added in the 1.618 extension here too, so far we have a double 0.618 Fib hold here too

Like I've said a few times, we are seeing this set up on a lot of charts right now.

Price is just above the 200 Day MA now at $152 and for me, $TGT must b...

$CL - SAFE HAVEN -

Don't ask me why $CL is using our yellow poll as a way to move higher along our trajectory but I love to see it.

There is still another 10% available here to the Second Target at $116 and if there is a pull back to the 50 Day MA at the First Target at $101 and holds, then this is worth of a...

$COPX - SAFE HAVEN -

It is Fed Pivot week so it seems only appropriate to share as many safe haven and defensive stocks with the group to be reminded of their set up.

$COPX has not performed as strong as Gold and Silver but the set up is still very much bullish

Price could not hold above the yellow line a...

$BTI - SAFE HAVEN -

$BTI being one of the best defensive stocks of the year was probably not on many people's bingo card but this chart has not changed in over a year for us

We didn't need it to move in an impulse wave, we were happy to see it consolidate between the blue lines between $27 and $47 and still of...

HSI

HSI is still sitting above the 200 Day MA and the 0.618 Fib and we can see that the 50 Day MA is moving lower slowly by day.

The price action is just sitting between the 50 and 200 Day MA's as they squeeze together and this is normally associated with a strong move

We want this move t...

SILVER - SAFE HAVEN -

Silver is enjoying itself out there, after the ECB rate cut last week causing a bounce out of the wedge and above $30 and now a further continuation this week on the increased expectation that the Fed will cut by 0.5% now, Silver is showing a very nice set up this week.

I have added in the ...

$QQQ

I added a long commentary to the $SPY chart so I have added in the Economic Calendar here for the week ahead.

I think we all know the significance of the FOMC meeting on the 17th and 18th, the market has been waiting for a Fed Pivot for 2 years now.

$QQQ chart, which is remarkably sim...

$SPY TOP 20

$SPY had its best week of 2024 this week after finding support on the 0.5 Fib and firmly using the 0.38 fib at $543 to consolidate, this would be typical of a subwave 4 movement, which would align with $SPY complete Wave 5 in normal conditions at our Wave 45 target at $589.

Making a new ATH...

$V TOP 20

$V is bursting higher through all Fib levels here which is a indication that the market feels that consumer spending will continue, at least for the next few months very positively.

The 50 Day MA is starting to move up to the 200 Day MA shortly too, so we may see a golden cross this week. 2024-09-15 12:40:24 +0000 UTC View Post

$TSLA TOP 20

I have also added the weekly chart here because I think it is important to see the significance of the 200 WMA

It has been a very important resistance/support line since the start of 2023

Price has been moving either side of this MA without any clear direction

Price is still bel...

$SHOP TOP 20

I have added the weekly chart here to show where the 200 WMA is.

So far $SHOP has only pulled back to the 0.38 Fib at $66.10, which we know is the Wave 4 support level, we would like to see $SHOP reject before making a higher high and come down to complete a lower low, into the buy zone or ...

$PYPL TOP 20

Wave 4 could be complete here after testing and holding on the 0.38 Fib at $67.77, which was also the previous resistance level since the start of 2024, so we could be looking at a clean flip from resistance to support here.

A break and hold above the last resistance line at $71 and I think...

$PLTR TOP 20

$PLTR showed enormous strength this week and any small dips coming in were immediately bought up and when CEO Karp went on CNBC, he rejuvenated the stock further, he speaks about the Retail Investor changing the game for $PLTR and they are buying this at every opportunity.

This is not how I...

$NKE TOP 20

$NKE finished the week testing the 50 Day MA in between the 0.5 - 0.618 Fib, making this a confluence level.

We will be looking for signs of a reversal here and just like $DIS, if there is a reversal next, the 200 Day MA at $94 would be the next target for Wave 3.

$NKE is also in the ...

$MSFT TOP 20

$MSFT moved with the other Mega Caps this week and burst through its 200 Day MA, still in our potential Wave B too, after holding support on its green Fib support level at $401 perfectly.

I have Wave B in between the amber 0.618 - 0.78 Fib levels but as with the other Mega Caps, it can have...

$INTC TOP 20

$INTC received a $3.5 Billion contract from the DOJ on Friday which may act as a catalysts for $INTC now that it is testing its last Fib support on the 0.887 Fib at $18.50

I think the market still needs to know what will happen with $INTC in terms of selling off some departments to free up ...

$DIS TOP 20

I highlighted the 0.618 Fib hold at $85 this week so I have added in the green 1.618 fib at $99 and the 2 Fib at $102, where the 200 Day MA is conveniently sitting in between right now.

The 50 Day MA is just above the price action right now at $91, so a break and hold above this level and $...

$AAPL TOP 20

I still don't believe that this potential Wave B bounce is complete and I think $AAPL, $AMZN and $GOOG will all move in sync next, $AMZN is already testing its $188 level now but could go back up to its previous ATH level too.

I think with this formation here with $AAPL, that a test of the ...

$PYPL TOP 20

Very straightforward here too

A pull back to the 0.38 Fib at $67 and held support, followed by a bounce.

If there is a second test of the 0.38 Fib at $67 and it holds then you have your buy signal to add to catch Wave 5 up to $85.

I am happy with my $PYPL position and did not ad...

$GOOG TOP 20

The plan was very simple here, to buy $GOOG for a bounce for Wave B, like we did with $AMZN.....and if the price action goes beyond our Wave B level and tests its previous ATH at $193, then we stay in until there is a rejection.

This has benefited us with $AMZN and now $GOOG

I said be...

$BABA TOP 20

$BABA has been barriaged with a number of negative catalysts lately but still manages to maintain its structure and stay in this Wave 3.

The latest is Bidens political game of implementing tariffs on Chinese goods, $BABA sells to the global system and this would be a fine line for Biden to ...

$ABNB TOP 20

I added the $ABNB chart on Friday to highlight the breakout level at $119

I have provisionally added in the green 1.618 Fib here too, like on the $AMD chart to show you where the price can bounce to if this breaks above the $119 level and holds.

We can also see that the 50 Day MA is m...

$AMD TOP 20

I think everyone that added again with us at $135 are very happy right now

Especially those who have been holding with us since $98 last year.

Price managed to get above the 50 Day MA to finish the week and the next test will be the 200 Day MA at $160 and then the blue line at $164. 2024-09-14 11:39:10 +0000 UTC View Post

$AMZN TOP 20

$AMZN made its way back up to its $188 level, a few days before the Fed make their announcement to Rate Cut on the 17th - 18th, likely the Weds the 18th.

No need to do anything right now, the price kissed the $188 level and stopped here, finishing the week at $186, all round a very bullish ...

$NIO TOP 20 - LESSON - WAVE 4 VARIATIONS -

I think this is a good opportunity to make a lesson here.

We are all watching $NIO very closely in this group and our members are fully aware that we want to see an impulse wave to confirm that we are starting to see a reversal here and the worst is behind $NIO

So while I have your a...