The Long Investor

$SPY TOP 20

$SPY performed very differently to the $QQQ this week, the price dropped below the 50 Day MA but managed to recapture it late into the week and on Friday managed to retest the 50 Day MA from ABOVE and bounced

This is certainly a positive step for the bulls and showing a clear rotation out o...

$QQQ TOP 20

$QQQ drifted away from the $SPY this week, it did not recapture the 50 Day MA or test it from below, it simply had a slight relief bounce to end the week on Friday.......as we enter a very big week for economic data reports and more Mega Cap earnings:

Monday- 2024-07-28 19:27:03 +0000 UTC View Post

$TSLA TOP 20

$TSLA did not deliver the earnings report that the market expected or the bulls wanted and did not hold the trend line support level, this is probably justified, if the report was a beat, I'd say the price would of had no issue holding the retest or the 0.38 Fib.

That being said, sellers di...

$SE TOP 20

The bearish scenario played out here as the price could not hold the green support line and the Head and Shoulders pattern has completed and confirmed the downward trend.

As long as the price stays below $67 then I expect Wave C to complete down to the 0.5 Fib at $55, where the 200 Day MA i...

$PLTR TOP 20

$PLTR in spite of its pull back this week has been performing exactly how we have been expecting so this is always something we can take advantage of and it is why a lot of our members have been making money on this with us, I suspect that everyone is profitable too, especially if you followed ou...

$NKE TOP 20

$NKE has done very little over the last 2-3 weeks since reporting its damaging earnings report, price is still below its 0.887 Fib and just above the second last support blue line at $72.

No reversal signs yet but seeing signs of selling slowing down, as the Olympics start and the market m...

$MSFT TOP 20

$MSFT showed some relief bounce on Friday but we can see clearly on the chart that the 50 Day MA did not come close to being tested, as was the issue with the $QQQ too, so the Tech sector did not perform nearly as well as the wider market.

Also like the $QQQ, we will be waiting for a retest...

$INTC TOP 20

Very poor performance from $INTC to finish the week but the entire sector felt this enormous pressure, led by $NVDA's harsh decline.

$SOXL also confirmed it was in an ABC correction too....so although an outlier can exist here, $INTC could not sustain its early performance in the week

$GOOG TOP 20

$GOOG was clearly damaged this week and one of the worst performing mega caps, a lacklustre earnings in line, with no share buyback announcement or dividend payment, share price sunk with no help and to add on pressure, ChatGPT launched their search feature which is a legitimate threat to $GOOG's...

$DIS TOP 20

We alerted during the week to be cautious with $DIS after losing the red trend support line and the 0.618 Fib at $96 and that a pull back further to the next Fib level at $88 on the 0.78 Fib was possible, price finished the week testing this level and leaving a very obvious and sore looking death...

$PYPL TOP 20

$PYPL is a big one for us to start the week on Tuesday morning before the market opens.

We can see on the chart that it found support at the end of June on the $57 blue support line and bounced up to its 50 Day MA and rejected and has come back down again, it has not tested its blue support...

$SHOP TOP 20

$SHOP went within $2 of testing its May low but managed to find support and managed to bounce back up to its trend line but did not convert this level back to support to finish the week.

We still have a death cross on the chart from the start of June so it is something we must acknowledge n...

$BABA TOP 20

Policy makers announced two rate cuts over the last week and made a standard Monday morning announcement to help its market, the message carried relatively flat and although the HSI did not sell off as much as the US market, it also did not react positively either....unlike April, that may still ...

$ABNB TOP 20

$ABNB did not escape the slippery market this week and managed to dip below its 200 Day MA and even the yellow trend line but managed to finish the week back above the trend line with Fridays relief.

Any stock below its 200 Day MA is showing weakness for me but also presents an opportunity ...

$AMZN TOP 20

$AMZN is in the $QQQ weakness camp and not the $SPY resilience camp right now.

We can see clearly on this chart that $AMZN tested its 50 Day MA from below and the $188 level and rejected, it then made a lower low which is why we took 20% off our position this week......even $AMZN, a stock I...

$AAPL TOP 20

$AAPL is one of the Mega Caps that has not tested its 50 Day MA or lost it, it has declined hard over the last 2 weeks but due to its extraordinary run in May and June, its pull back lately has not lost any substantial support levels yet.

$AAPL report their earnings on Thursday and we know ...

$WM - RC -

$WM missed on earnings this week and it has not been a good week for a company to double miss on their report.

Price has declined hard and continued its sell off today.

I believe $WM has had a fantastic run since its 2020 low but needs an ABC correction now and will come close to its...

$TECH - WATCHLIST -

$TECH is a chart we have highlighted over the last few weeks and moving in an impulse wave.

It is now at an important junction after holding support on its 200 Day MA and now testing the wedge breakout level at $81 today

We need to see a breakout of this level and a hold of support ab...

$V TOP 20

$V was added to our Top 20 list for a reason, it has strong fundamentals with some of the best margins in the S&P 500, the chart is showing an opportunity but we need to see a continuous hold above the $252 line

This level has been tested this week and so far it has passed the first tes...

$COIN

$COIN could not hold the retest of the wedge breakout level this week and that is not a surprise, the market sell off was severe this week and no company or sector was immune from this.

The pull back did hold on its 0.618 Fib so bulls will be happy to see this going into next week, especial...

$CELH

$CELH has bounced with the market today which is a badly needed bounce for $CELH and the market.

We can see clearly on the chart that the bounce is only a retest so far of the yellow trend line from below, this level needs to be flipped to support at $48 to show signs of a reversal and then...

$BIDU

$BIDU looks set to finish the week holding above the final Fib support level at $87.

The pull back has been steep and harsh with little support found on the way down but we need to remind ourselves that the price action is remaining in this descending wedge

$BIDU needs some positive ...

$ONON

No surprises here that $ONON has been behaving immaculately, pulled back this week to retest the 0.38 Fib exactly at $37 and held, bouncing strong today and above the 50 Day MA and the now at the First Target.

All we need to see now is a hold on the First Target level at $40 and consolidate...

$CHTR - WATCHLIST -

Up +7% in the PM now after reporting a double beat on earnings and bucking the trend of back to back negative earnings.

Those superinvestors are aware of the potential here and have anticipated this.

Price is just at the 0.618 Fib and 200 Day MA now in the PM, this is the first time ...

$BMY - EARNINGS JUST RELEASED - DIVIDED 5.3%

Strong earnings report with sales beating the Top Line and sending this up +5.5% in the PM now.

An impressive jump and what's even more impressive is that there are no changes to this chart and there has been a solid test of support on the 0.618 Fib at $41 and now at $47, with substantial u...

$IQ

The infamous $IQ!

Yes there has been weakness and a sell off since its earnings but it has come back to test its 0.78 Fib again at $3 and has so far found support.

We thought it was undervalued when we first bought and we still think its undervalued now, across all metrics.

Pri...

$AMD TOP 20

The impulse structure we had used invalidated yesterday when the $141 level was broken, so it meant we were not in Wave 5 as a lower low was made.

That being said, we still have not infringed below the top of Wave 1 yet at $133, a break below this level and the entire impulse structure is ...