The Long Investor

GOLD - SAFE HAVEN -

Gold has not pulled back as strong as Silver just yet so it is not a bad sign to see these two out of sync slightly, as long as the overall trend is to the upside which I believe it is for both

Gold is at new ATH territory, after breaking above a 5 year resistance level in March, which has ...

$MRNA

$MRNA has got a very clean breakout of its ascending triangle and now it looks like a retest of the breakout level at $115 is next which is always what we want to see, we saw this on the $DAL chart too.

So a test and bounce followed by a series of higher highs and higher lows is what we wan...

$CLSK

$CLSK can consolidate and they can consolidate for a long time, just look at $UNH and $CP as a reference, there is nothing wrong with this, it is where many people accumulate, so as long as the price stays within the strict channels which $CLSK is doing, you just need to wait.

And waiting f...

$SE TOP 20

$SE has now hit our Wave 1 target which was the August '23 high, this has been a truly remarkable turnaround for $SE and I am delighted for holders who stuck with this because the august decline was completely uncalled for and it has now recovered with a lot of strength.

This is not somewhe...

$DAL - IMPORTANT NOTE -

Up another 2% today and another 52 week high. It's also a good lesson for the group and me to continuously evaluate our decision making. I added again after reducing my holding because I initially felt over exposed to $DAL during a difficult market decline....but the share price continued to beha...

$DDOG - EARNINGS TOMORROW - WATCHLIST -

$DDOG also reports before the market opens tomorrow and another stock in a very strong set up if the report is positive.

Holding above the blue support line at $120 and in a bullish flag right into the earnings release.

We can see in Nov '23 after their report, the share price jumped ...

$BIDU

$BIDU and $BABA remain my two targets shortly, I want to build more on my positions here and that will only happen when I see a pull back, this potential Wave 1 has been very strong and it will likely test the 200 Day MA shortly.

The 50 Day MA is at the wedge breakout level at $103 and the ...

$AAL - WATCHLIST -

We have all seen by now how well airlines stocks can run when they are run well and when both the technicals and fundamentals align undervalued.

$AAL is not as strong as $DAL fundamentally and the share price reflects that right now as it has not started its bullish run yet.

But sayin...

$UPS - LONG TERM PROJECTION -

I have been following $UPS for sometime in the back ground, as it drifts back down to the 0.618 fib again at $138, this will be the third test at this level and if it can hold, it is further confirmation that Wave 2 is complete.

Ultimately breaking out of this channel will signal the revers...

$PLTR TOP 20

$PLTR 4 out of the last 5 earnings, $PLTR has run aggressively post earnings.

Feb '23: 38%

May '23: 134%

Nov '23: 51%

Feb '24: 59%

$PLTR appears to be starting early this time, running 20% in 2 weeks

But there is still more to run, short term target is $29 if e...

$MEDP - RC -

$MEDP has moved well over the last 4 years and is still in Wave 3 for me and routing towards the 1.618 Fib at $464 to complete Wave 3.

I expect a pull back next before moving higher to complete Wave 5 as shown.

A very consistent growth trajectory and has not missed on earnings since 2...

$OKTA - RC - WATCHLIST -

$OKTA is worth paying attention to here

We can see that there has been a long consolidation for Wave 2 in this yellow channel and has now broken out and perfectly retested the channel from above and bounced, which is as textbook as you will see on a chart in an impulse structure.

I al...

$OPEN - RC -

Opted to move sideways instead of starting its Impulse Wave and has been consolidating within this large wedge since the start of 2023.

It looked like it was at risk of losing the bottom trend line but their double beat earnings has likely saved them.

The prospects of rate cuts coming...

$OXY

$OXY reports after the market closes tomorrow too.

It has pulled back in 3 waves since hitting our Wave 3 target and is just holding on the 50 Day MA right now.

I have added a red line from the Top of Wave 1, which is just below the 200 Day MA, so we can say that the 200 Day MA is the...

$RBLX - EARNINGS ON THURSDAY -

$RBLX report before the market opens on Thursday and this chart is looking primed for a strong move....price is getting tight within this wedge, so a strong report and this breaks to the upside and into our impulse wave 3 as shown.

Any surprises and this will likely break below the wedge to...

$CAVA

$CAVA just knows one direction for now and that is upward.

It has produced the perfect Cup and Handle formation and broken out, retested the blue line and bounced perfectly again, the theory is that the bounce should extend as high as the cup breath, that would mean a bounce to $87 from her...

$NIO TOP 20

$NIO up another 3% in the PM after the HSI reported another green day, momentum is starting to carry here and my thoughts that US institutions are starting to return to Chinese equities is starting to materialise now.....the argument that Geopolitcal tensions is a factor is now rubbished when the...

SILVER - SAFE HAVEN -

We asked for a test of the 0.5 Fib at $26, just above the 50 Day MA and that is what we got, now we have a bounce and a higher high on the 1hr chart too.

I will likely add to my position today at some stage here once I see the strength held when the market opens.

$HIMS pulling back af...

$SPY TOP 20

As always please review the $QQQ chart each week along with the $SPY chart because I don't like to overlap the commentary but on both charts and I like to discuss in depth my thoughts on the market.

I have added in the Corrective Wave 4 price action above the current price action here too a...

$QQQ TOP 20

On both the $QQQ and $SPY chart I have added in the corrective behaviour of Wave 4 and added it above the current price action since the potential Wave 5 top and the results are incredibly uncanny.

Not only are they tracking identically, the time frames and bounces are moving to the exact s...

$TSLA TOP 20

Since they reported their earnings, it bounced very aggressively and over the last few days we started to see it blow off some steam and pull back.

I need to see how this pull back develops to see if the bottom for $TSLA is in and it can move higher and most importantly make an attempt to b...

$PYPL TOP 20

$PYPL bounced post earnings but gave a lot of it up but we can see that it hit our Wave 5 target and pulled back for Wave A which is what we were expecting.

I want to see a hold of this support now on the 0.38 Fib or on the 50 Day MA just slightly below and then bounce for a Wave B next, I ...

$PLTR TOP 20

Big one for us this week as $PLTR report after the close tomorrow.

I added to my position in $PLTR on Friday as I was impressed with how its been holding and the break above the 50 Day MA at $23.

We were waiting to see if a flush would come to the 200 Day MA before earnings to buy eve...

$NKE TOP 20

$NKE is still in limbo here and below its 50 Day MA and its yellow historical support line and did not have a great week either but managed to recover some losses with the market on Thursday and Friday.

The plan remains the same here, below the 50, 200 Day MA and yellow tend line, the trend...

$MSFT TOP 20

As I have said here this evening already, $MSFT has the best correlation with the market right now, whereas $GOOG has been bullish, $AAPL and $TSLA have been bearish....$MSFT sits in the middle.....but still some distance from its 50 Day MA, whereas the $SPY and $QQQ finished the week testing the...

$INTC TOP 20

$INTC remains in the same camp as $AMD, it has taken a big hit since December, in line with the timing of $AAPL's decline but has certainly fallen harder.

For $INTC now, even the bullish or bearish scenario has a relief bounce next and there is a possibility of a bounce for $34 next, same g...

$GOOG TOP 20

$GOOG has not been able to move higher after its initial bounce post earnings and has been declining since but being honest, this is understandable considering its strong bounce directly after its earning.

The breath between $GOOG and $AAPL has been quite profound lately, with $MSFT behavi...

$F TOP 20

$F continues to consolidate sideways here in this channel and above the 200 Day MA but oscillating around the 50 Day MA for the last while.

As long as the bulls can ride this uncertain market in this channel, it can continue moving to the apex of this wedge

Ex dividend date is on the ...

$DIS TOP 20

$DIS has its earnings before the market opens on Tuesday which I believe is a trend change for them, as they usually report after the market closes.

Market is not showing any overly bullish signals towards $DIS leading to its earnings and lost the 50 Day MA this week too, it also tested the...

$COST TOP 20

$COST managed to get back above its 50 Day MA this week after a strong end to this week and they still need to report earnings at the end of this month.

One more high can not be ruled out here before its correction either but it is not an opportunity I would take right now, I believe there ...