The Long Investor

$COIN

$COIN continues to hold above its 200 Day MA, as it waits for $BTC to get back above its $61,800 level and hold.

I believe if $BTC can do this then $COIN will move higher with it

Overall, I am bullish on both $BTC, $ETH and $COIN long term and believe that once their correction is com...

$GOOG TOP 20

No concern regarding $GOOG in this set up, price was has been negotiating with the 0.28 Fib at $167 but I do not consider it a strong resistance level

I would much prefer to watch for a test on the 50 Day MA

The plan from the weekend brief remains the same, I believe we can benefit he...

$BIDU

What $BIDU earnings has confirmed to me is that there is no reason for share price to be at its 2010 level.

It remains undervalued and I believe that the worst is behind $BIDU and we may be looking at the same reaction to $BIDU as we got with $BABA post earnings too

The HSI is also fa...

$HIMS

Needham increased their PT today to $24 and briefly spoke to their customers that $HIMS is more than a GLP company and will continue to growth at an outstanding rate of +40%

$24 would be close to the previous high but I think this is a good target in the short term too

We have been up...

HSI

I just have some time to look over some charts before I add more after 12 noon EST.

HSI had a positive day up 1.4% and we can see that a test of the 0.5 Fib was made this week and has bounced here now but stopped at the 50 Day MA

So we know the price action is respecting support and r...

$RIVN

$RIVN is now sitting on its 0.618 Fib at $13

When it was announced that VW was partnering with $RIVN and investing $5 Billion with them, the share price jumped from $11 to $16 for Wave 3, pulled back for Wave 4 and completed its Wave 5 at the 2.27 Fib.....standard

Then the pullback c...

$SNOW - EARNINGS RELEASED AH

Earnings was a double beat but guidance apparently was not enough for wall street and the price is down -7% in the PM

However

There is no changes to our chart and I suggest waiting for a test of the green fib levels before taking action

If $SNOW can hold support then this is mer...

$ONON

$ONON has simply been a fantastic stock to own and its chart is a marvel of price action strictly following and using support levels to propel higher.

Cup and Handle formation continues to look well here and a route up to $55 is still clear.

$JD

Nothing has changed for us here, in spite of $WMT selling its entire position at a loss now and under its market value.

I can see an inverse H&S forming here too, once it can hold above its current level

Bulls will feel more comfortable when the price can recapture the 50 and 200 ...

$CURE

Who has added here?

+36% jump now since holding on the 200 Day MA, the wedge support line and the 0.5 Fib and looking set to continue moving higher to the $150 blue line.

$CRWD

Bouncing now very well for what I believe is Wave B

I do not see any form of Wave B in the aggressive decline from $395 to $200, so we must assume that this bounce is Wave B

Blue line also aligns with the 200 Day MA so I expect some resistance here

No changes to the chart.

$SPY TOP 20

Just an observation at this stage but worth watching....

200 Monthly Moving Average aligning with the 0.618 Fib at $227.

RSI on the monthly chart shows a clear trend too to the downside

$UAL

$UAL is just sitting on its 0.618 Fib, taken from its ATH line and ATL low now

After the 2008 crash and the peak in 2018

Airlines are cyclical and will always move with the economy, right now its current price is showing that the economy is not healthy but after every pull back, there...

$BABA TOP 20

No changes to the plan here and $BABA continue to target more merchants to their site:

'S&P Global Ratings expects Alibaba Group Holding to boost the terms for merchants on its platform as it recalibrates its China e-commerce strategy, according to a Tuesday release.

$DG - SAFE HAVEN -

$DG is historically a recession safe haven, as high inflation and the high cost of goods force consumers to search for cheaper alternatives to stretch their dollar.

We can see that $DG has pulled back to its 0.78 Fib at $115 and found support, which is also at its yellow historial line whic...

$OXY

$OXY is sitting in the Buffett Buy Zone which is exactly on the 0.38 Fib which is the standard level for a Wave 4 pull back.

This is showing us how little the market is concerned about what is happening in the middle east

That being said, a 2 year consolidating range is like coiling t...

$LULU

Back up to test the yellow historical trend line which has been in place since 2017

Flipping this back to support will be a bullish sign for me

Especially after holding perfectly on the 0.618 Fib at $226

200 WMA is also at $360 right now, so in terms of technicals, this is under...

$SIRI - WATCHLIST -

I am very intrigued by $SIRI, mainly because of Buffetts aggressive buying here and their positioning lately, spending $100 million to acquire the leading female podcast this week.

Price is holding at the 0.618 Fib at $3.12, this is a good sign

Price action has also formed a very abru...

$NIO TOP 20

$NIO tested the top of the yellow channel this week, where the 50 Day MA was waiting and has so far rejected after a sell off yesterday, moving comfortably in the PM today so there is no lower low yet however, so there may be another attempt at this channel level again and 50 Day MA at $4.30

$TGT

Undervalued positions do not stay undervalued for long

Eventually the market finds them and buys.

$TGT smashed their earnings with a small blemish that guidance will not be as strong towards the end of the year, regardless, up +14% now in the PM.

I have one buy in here already w...

$XLV - SAFE HAVEN -

The Health sector has been the overall winner over the last month, showed a lot of strength, climbed during the harsh market weakness and continues to move higher along our trajectory.

$XLV formed an ascending triangle after breaking out of its 2 year range under $143 and has now clearly br...

$ABNB TOP 20 - WATCHLIST -

The group knows by now that I am bullish on $ABNB long term and I am positioning myself to add again, happy to see some red day and hopefully this can pull back a little further to the white 0.618 Fib again at $115 and hold for support on the retest.

I have added in the smaller fib levels f...

$ONON

Showing a nice pull back here now too after bouncing strong post earnings

I have also added in the green support fib levels for this pull back as a guide

The 50 Day MA is right at the First Target level at $40, which is also in between the 0.38 - 0.5 Fibs

This will be an area of...

$CELH - WATCHLIST -

$CELH held the large 0.65 Fib on the 200 WMA and bounced, now it is giving a pull back and this is the important part: making a higher low, this is where the Bulls need to step in

I have added in the small green 0.618 Fib at $38.64 for guidance

Price needs to hold at or above this lev...

TWEET: PERSPECTIVE

Let's put things into perspective

YTD Performance:

$SPY : 17%

$QQQ: 17%

$PYPL: 1...

$HIMS

We had a +6% gain yesterday and pulling back a modest -1.8% right now, so I am watching for a hold here

I have added the 0.618 Fib for this pull back today and it has also held on this level, just at its 50 MA on its 1hr chart

So we are getting a higher high and a higher low now, just...

TWEET: $GOLD - SAFE HAVEN -

$GOLD Last time I shared this chart was the 19th of November 2023

Price was at $1960

Price today is $2531

+29% gain in 9 months, on the oldest safe haven.

$3000 remains the...

$BTC TOP 20

Another test of the 50 Day MA today at $61,400, which makes it 5 tests of this level now since the 8th of August

However, $BTC has still been able to make higher lows after each test of the 50 Day MA, so there is a triangle forming here.

This we will need to monitor

The $SPY is ...

$AMD TOP 20

Another solid day for $AMD, pushing to $162 and now pulling back to $157 now.

Price is still above the 50 and 200 Day MA at this level.

The blue line is sitting on the higher end of the resistance range which has been in place since the start of 2024, so the green Fib levels are set t...

$PYPL TOP 20

$PYPL has finally giving us a strong breakout and a higher high, with a 52 Week high in now too.

Very strong bounce from $59 to $72 now

Because of how long $PYPL has consolidated under $68, I would expected a retest of the $68 level or at the very least the $70 level but $68 for me se...