The Long Investor

$IHI - US Medical Devices ETF - WATCHLIST -

I like the look of this chart and the breakout of this long wedge, retest of the wedge from above and bouncing above the 50 Day MA now.

Next test will be a drift up to the blue line at $67 over the next few weeks/months.

As a long term buy and hold, this is looking good and in a good ...

$SKX

Is officially the chart that nobody wanted

In spite of its clear impulse wave and positive movement.

There has not been a single change to this chart for the last year and Wave 3 is underway here to the target at $94.

The 200 Day MA was used perfectly in April as support at $55 ...

$CVX - RC -

No changes to the chart here, Wave 5 remains at the 2.618 Fib at $200.

Price has held on the 0.5 Fib at the 200 Day MA above $153 so far.

$TAN - RC -

It has been a long time since we uploaded $TAN last and when the price broke down in Apr '23, this fell off our radar as the price action looked doomed to continue falling until our blue line at $42 and this is what we got.

Price has managed to hold support at $42 since November but it has ...

$SNOW - RC -

I have eliminated the impulse wave on this chart as an option because the price action is following the corrective wave very well here and I do not see this movement in any way an impulse count.

Bulls are desperately trying to find support here and it is struggling to find any relief, the o...

$TGT - WATCHLIST - SAFE HAVEN -

$TGT is looking attractive here.

Holding on the 0.5 Fib and the 200 Day MA, after hitting $182 for Wave 1 and pulling back in a controlled manner for Wave 2 and finding support in the correct place.

Fundamentals are also quite good here

PE of 16

FWD PE of 14.

Margins...

$LUV

Up +7% in the PM now after Elliott reveals an activist stake in $LUV and I spoke about this happening with $JBLU over the weekend.

These two airlines are not being run correctly and are falling behind, it is no surprise to see Icahn and Elliott feel they can turn things around here.

$...

$CRWD

$CRWD has been added to the S&P 500 after having an astonishing 18 months, reporting 270% gain over that period, $PLTR also had a great period but fundamentals are slightly better with $CRWD and their gain was also greater.

We can see on the chart that $CRWD retested its blue line at $3...

HSI

Another test and hold on the 0.38 Fib today at 18315.
Managed to finish the day down -0.5% but it is another day holding above this level and the 50 and 200 Day MA's.

I suspect the flat day is down to waiting on how the US market will start the week in anticipation for the CPI print this...

$NIO TOP 20

Chinese policy makers have offered a subsidy to new EV buyers in China to replace their petrol cars and expect to run this subsidy until the end of the year, I suspect if this is successful that will it will last beyond this point too.

$NIO has been green in the PM this morning and staying ...

$QQQ TOP 20

CPI figures are out on Weds morning 0830 EST and the market is showing that they believe there is no concern here and that they do no expect the figures to be hot.

This did catch the market out in April and there was a harsh decline so I would lead on the side of caution this week, as in, d...

$SPY TOP 20

$SPY finished the week making another ATH and looks set to continue this month higher and the target of $550 is a realistic target here.

Unless something obscene happens in the meantime or $NVDA aggressively pulls back after its stock split this week but I don't think it will be sudden, it ...

$TSLA TOP 20

$TSLA remains in a strong position here as the market awaits Elon's vote on his compensation package, which is due to take place on the 13th of June at the annual shareholder meeting.

Retail investors have apparently voted overwhelmingly in favour to award him with the package but apparentl...

$SE TOP 20

$SE found support on the green line at $67 and reacted very well.....bulls seem undeterred by the investigation taking place on grounds of competition.

We can see that the price action is glued to our first impulse wave projection, which has Wave 3 moving to the blue line at $88.

If y...

$PYPL TOP 20

$PYPL got a very strong reaction to holding on its 0.618 Fib and 200 Day MA last week.

In the same week we heard that a number of super investors have added significant amounts to $PYPL, also $ARK and the latest rumour is that Bill Ackman has been accumulating too, not confirmed yet however...

$NKE TOP 20

$NKE announced during the week that they are cutting jobs and the market responded very favourably to this news.

We were also seeing positive moves for $ONON and $SKX, while $LULU also reported this week and it was better than expected.

This all amounted to a positive reaction from $N...

$MSFT TOP 20

$MSFT finished the week back above its 50 Day MA and has moved well along with $AMZN and $GOOG, we can see now that $MSFT has also successfully completed a higher high and a higher low since the start of May, so the trend remains with the Bulls here and our Wave 5 target above $460 is still at pl...

$INTC TOP 20

$INTC is fundamentally falling into an undervalued position now, with their FWD PE at 15, with healthy margins and strong growth over the next 5 years.

Right now I am not considering a position even for a relief bounce and would much prefer to add to $AMD instead but if $INTC continues to p...

$GOOG TOP 20

Very little to add here too and like the majority of our Top 20 Charts each week they tend to follow our projections for months at a time

$GOOG like $AMZN has held its pull back level so far and will likely continue moving higher until there is a market event

We believe it will be whe...

$DIS TOP 20

$DIS struggled at its 0.5 Fib this week and looks set to lose it this week ahead and test the 200 Day MA which is just at the red trend line, which was the downward channel it was in before 2024.

A hold here at $97 and this correction could be complete, this is a very similar set up to $SHO...

$COST TOP 20

$COST has been a remarkable story over the last 2 years and it shows that buying a strong, steady company can still achieve outstanding returns, in spite of revenue growth being modest below 10%.

This is why we added $COST to the Top 20, when it was around $400, the chart has been great for...

$BABA TOP 20

We follow this closely most days so there is not a lot to add here but we know the price action is at an important level right now.

Holding:

• Above the 200 Day MA

• Above the 50 Day MA

• Above the red support line

• Above the 0.618 Fib

  ...
  2024-06-08 23:44:49 +0000 UTC View Post

$AMD TOP 20

I ask that you stick with $AMD and give this chart time to play out, we can already see that it has moved very well since the 200 Day MA and the 0.618 Fib.

Price has also recaptured the 50 Day MA and has converted this to support now.

Price action also finished the week above the blue...

$ABNB TOP 20

$ABNB remains above the $145 line and we said during the week that we continue to monitor this hold and strength to see signs of a reversal to the upside.

I believe if the market continues to show strength then $ABNB will move higher too.

The 50 Day MA is now curling down and the pric...

$AAPL TOP 20

$AAPL has almost been forgotten about lately as an investment opportunity and only gets attention because $NVDA is battling to overtake it on the valuation front.

$AAPL is still an enormously powerful company and their revenue, brand and strength is ground breaking.

The price has now ...

$AMZN TOP 20

Highlighted during the week that it was in a good position to bounce and move higher and I put out a recommendation that if you were to add a Mega Cap this week, $AMZN had the best set up. Price action has jumped 5% since this highlight and looks in a good position to keep moving higher and test ...

$BTC TOP 20

Very little to add on here from my commentary during the week, price is still at $69k now, a price it was also at on the 4th of March, so there is considerable consolidation here.....however it is still impressive considering two significant events happened since then: $BTC ETF approval in the US...

$PLTR TOP 20

$PLTR had a good week on the strength of their AIPCON promotional conference, where they brought in the companies that use their software to show how $PLTR helps them in real world situations and also, the possibility that $PLTR could have been added to the S&P 500.....which would mean that m...

$SHOP TOP 20

Two of my Buy Alerts went out this week, my Second and Third Buys and I explained that I won't be buying anymore until there is a bounce and pull back from this position now.....we can not rule out the trend line not holding and a test of the standard 0.618 Fib level at $49...so I will hold off o...

$SOFI

Without EWT, simple Cup and Handle formation with a tightening wedge.

The EWT chart for $SOFI is available with a full count and long term projection by looking through the search function.