The Long Investor

$DUOL - RC -

Another stock that has pulled back between its 0.5 Fib and 0.618 Fib and has bounced from from $145 to $207

And back to its blue support/resistance line at its 200 Day MA at $207

Converting this level back to support will be a big win for the bulls, as the 50 and 200 Day MA will be co...

$BUD - RC -

$BUD remains in this very long and tightening wedge as the market slowly starts to forget or maybe forgive their dreadful advertising campaign last year

I suspect $BUD will stay away from the Woke community in the future and know their audience

Price has been spiraling around the 50 a...

$SQ

$SQ is another stock that has found support on its 0.618 Fib and is moving higher now along with the other financial stocks as the 10 Year continues to show weakness

As I said before, choose which company you are most comfortable with holding for long term

$PYPL, $SOFI, $AFRM, $SQ or ...

$PAYO

$PAYO has rocketed higher post earnings and finding support on its 0.618 Fib

The 0.618 Fib has been a very reliable Fib support level and this is become obvious to everyone now in this group and why we rely so heavily on it to find Wave 2 for us and the end of an ABC correction

No cha...

US 10 YEAR

Continues to look weak here with a Head and Shoulders pattern formed, combined with a death cross, bonds moving higher and inflation stabilising

We can also see that $PYPL and $SOFI are starting to make bullish moves too which we know are heavily correlated with the movement of the 10 Year....

HSI

HSI stopped out at its 50 Day MA again today after a strong bounce since the start of August, exactly when the US market started its weakness but has since recovered a lot of the losses.

HSI may need to retest its 200 Day MA now to show that this is a higher support and confirming that the ...

SILVER - SAFE HAVEN -

One simple instruction when it comes to Silver, we hold until the market corrects

As a safe haven, this has been very good to us so far, up 24% since our first buy and up nearly 10% since our last buy.

Safe havens are to be used to conserve our capital, but to get returns like this, w...

$IQ

$IQ also had a strong day today as it continues to hold the 0.78 Fib at $3 and is starting to show its strength now

The 0.78 Fib has been tested 3 times now and bounced today

We saw what happened with $HIMS today after testing a support level for a number of times.

Earnings are ...

$AMD TOP 20

Very solid run today from $AMD after revealing they are acquiring another company, a second company in a week to help hyperscale AI infrastructure.

$AMD is using both cash and stocks to purchase this company and they expect to complete this next year, $AMD also explained today that they do ...

$HIMS

We added last week at $15.70 because we said we were looking for a hold on the small 0.618 Fib at $15.50 and this level was tested 5 times.....I think this is more than enough tests for us to enter a position

Price broke out of its triangle today to the upside and up nearly +5% now for the ...

$TGT - WATCHLIST -

Like I said earlier, $TGT is high on my watchlist right now

So far we have a strong bounce from the 0.618 Fib at $133 to the 200 Day MA and we have a rejection at this level today which is a good sign

We may get the subwave 2 pull back now, so I have added in the white fib levels to s...

$ZS

It has been awhile since I last uploaded this

$ZS has also found support on its 0.618 Fib at $151 and is showing a double bottom here right now

Price is testing the 200 Day MA from below as they lead into earnings on the 3rd of Sept

Impulse structure remains but it certainly wen...

SILVER - SAFE HAVEN -

What I really like about commodities is how strictly they follow technical analysis

They do not have to issue quarterly or yearly earnings report and don't have to issue any guidance

They are simply an asset class with a store of value

People's interpretation of its value more i...

$YINN

Remember $YINN follows the HSI but it is a 3 x Leveraged bullish position.

In terms of moving within its 50 and 200 Day MA's this will likely mimic the HSI too so some small differences

We can see that the HSI held exactly on its 0.618 Fib, whereas $YINN lost it slightly but held abov...

$ETH

Crypto spent the whole weekend consolidating again and it still appears to need another catalyst to move this forward again.

$ETH has pulled back a lot more than the $BTC, as it has already tested and held on its 0.618 Fib, $BTC on the other hand has only hit its 0.618 Fib, so again, I pref...

$RKLB

$RKLB got the move we were expecting when we uploaded this on Friday, price has shot through the bull case line and on a fast track route to the 1.618 fib at $8

If there is a retest of the blue line at $6.14 and holding, I suggest you consider adding to you position.

Commentary from o...

$TCEHY - RC -

Tencent holding is looking strong here.

Price pulled back for its ABC correction to the 0.78 Fib in the middle of 2023, since then the price action has moved perfectly in an Impulse Wave

With Wave 2 holding and bouncing on its 0.618 Fib

Price is back above all important moving a...

$SMCI

I believe many people believe that $NVDA has another leg up and if they post a powerful earnings, they may get it but $NVDA's pull back only came down to its 0.38 Fib which is shallow, so by all accounts, I don't think they have completed their ABC correction

$SMCI, $AMD and $DELL have all ...

$NIO TOP 20

Few things we are watching for $NIO at the moment:

• The HSI continuing to show strength and moving to the upside over the next few weeks/months

• $TSLA breaking out of its wedge again and holding above $223 could be bullish for the sector

• RSI for $NIO mark...

  2024-08-19 11:27:55 +0000 UTC View Post

$TMF - SAFE HAVEN -

$TMF continues to hold well over the last week after pulling back from its impressive bounce.

I have circled the chart where the 50 and 200 Day MA are about to cross to show a Golden Cross, which further verifies our impulse count and bullish trajectory.

Please use the $TLT chart alon...

HSI

Good start to the week for the HSI, which is a continuation of last weeks impressive hold and bounce on its 0.618 Fib and green historical support line.

Price is now back above the 200 Day MA and the 0.5 Fib and we can see that the price went above the 50 Day MA today but finished the day j...

$SPY TOP 20

$SPY I believe has looked a lot stronger than the $QQQ tech sector, it has burst through its 50 Day MA and retest level this week and is making a run at its ATH level at $565.

The Wave 5 levels have not changed on the chart and if the bulls can make a new ATH then I would expect in normal c...

$QQQ TOP 20

Only changes this week is that I have added the bull case line at the previous high at $503 and the Melt Up level at the 2.618 Fib at $597, that I have added on a number of charts this weekend in case there is in fact a parabolic move higher brought on by euphoria and the market completing disreg...

$V TOP 20

$V continues to be in limbo as the market weighs up the volatility and the chances of a recession and its impact

Quite simply, if there is a recession or heavy recession, there will be less spending and less transactions and $V's growth will naturally be affected

A healthy economy and...

$TSLA TOP 20

The 0.618 Fib has come to $TSLA's rescue this week, which it has done for many charts we follow and the price managed to get back above the 50 and 200 Day MA's to finish the week.

The big test is coming up however and that will be getting above the yellow trend line at $223, if the bulls ca...

$SHOP TOP 20

$SHOP and $PLTR were the two most impressive stocks for me this week, as they were strong across the board and have been throughout this entire volatile time in the market over the last month.

We were watching for a test of the 50 Day MA but the bullish move had no issue going higher so I h...

$SE TOP 20

I uploaded this during the week and needless to say I am very happy that this bounced at our Wave C target above its 200 Day MA and shot to a higher high next.

Simple instruction here, if the pull back comes shortly and retests the green line again at $67 and holds, you have a buy signal to...

$PYPL TOP 20

$PYPL is at the business end now and finished the week at $67.96....which of course is always interesting to see because we know the important level to flip to support is at $68.

This level needs to be flipped, this will also give us a buy signal and we can confirm Wave 3 too

Members ...

$PLTR TOP 20

$PLTR has locked into the top trend line and went within $0.25c of touching this line on Friday

I think just about everyone on X is bullish on $PLTR which is normally not a good sign and I do believe that a pull back is coming and definitely needed now.

The 0.5 and 0.618 Fibs are betw...

$NKE TOP 20

$NKE got the catalyst it needed this week when it was revealed that Bill Ackman reduced his exposure in $GOOG and added $NKE, remember, all of this happened before the end of June 30th and their earnings were on the 27th of June, so it is unclear whether or not Pershing Sq bought after the earnin...