The Long Investor

$BTC TOP 20 - LONG TERM PROJECTION -

I really like this view of $BTC, we can see that the breadth of the Cup formation above the neckline leads almost exactly to the 1.618 Fib, which would be the Wave 3 target.

Coincidences like this are green flags for me.

I still believe $BTC can pull back more before moving higher. 2024-04-20 12:39:31 +0000 UTC View Post

$SOXL

Semi bubble appears to be bursting and it is lead by the biggest bubbles over the last year from $NVDA and $SMCI.

This is a 3 X leveraged position too, which is evident from all the panic requests I get for this chart.

If you play with leverage, you need to be prepared for the violent...

$FUTU

An investment bank in China is also looking much stronger than US stocks right now.

Still above its 50 and 200 Day MA with a Golden cross here too.

The blue line needs to be flipped to support at $57 first before an attempt can be made to break out of this wedge at $61.

This wil...

$BIDU

Large Chinese Tech stocks have not shown yet that they are reversing while the US market is correcting but there is one very obvious difference:

Large US tech stocks have clearly reached their Wave 5 and new ATH's but large Chinese stocks are nowhere near their ATH's but approaching their A...

$NFLX

$NFLX is down -8% after reporting a stellar earnings report and huge growth but it is tangled in the market decline and I believe the strong report was already baked into the price action before the earnings release.

We also have this completing Wave 5 here too, so there is no surprise to ...

$LI - RC -

$LI is down -8.5% today and this is an Chinese company that has been executing perfectly and excelling. So if $LI is struggling, I suspect $XPEV and $NIO will feel it too.

$LI has not broken down yet from its structure but going below the blue line at $24.39 will be an alarm bell, because a...

$QCOM - RC -

I have added in the ABC count now for $QCOM after Wave 5 hit the 2.27 Fib and rejected again attempting to hit this level in March.

Since then the price has also lost its 50 Day MA and moving in sync with the market too.

Wave A as always is set at the 0.38 Fib or 200 Day MA as standar...

SILVER - SAFE HAVEN -

I want to add to my Silver position but I feel that once $30 is tested, there will be an subwave abc correction next and a pull back to between $27 - $26 and this is where I will be adding.

Although I am very happy with my Silver performance, I believe the move has yet to really take off an...

$AMD TOP 20

I have white circled an area now between the 0.618 Fib and the 200 Day MA between $144 - $136 where I believe there will be a hold before $136 and a relief bounce, even if this is not Wave 5 and it is something I will take advantage off.

I can't invalidate $AMD as long as it stays above the...

$UNH

So why was I bullish on the healthcare sector in spite of the obvious general market topping out....because their charts were not following each other and $UNH is a perfect example.

$UNH consolidated for 2 years in this tight band and then the market rallied for the first 3 months of 2024, ...

$DAL

I will be honest, it is remarkable to see how a cyclical and in the airline industry is holding a lot stronger than the Mega Caps.

So we need to remember that the Mega Caps have all completed their Wave 5's and topped, while many other large caps in S&P 500 are nowhere near completing t...

$NVDA

I spoke yesterday about $NVDA losing its 50 Day MA next being a strong possibility and that is what we got today, coupled with the Mega Caps hurting today, the $QQQ is down heavy.

They all appear to be moving in sync now which is great to see, so this tells us that it is a market pull back ...

$META

This is a rare sight.

Seeing $META lose its 50 Day MA.

The last time this was lost was in October 2023 but was quickly regained and went on a parabolic rally.

This certainly needs to calm down and I suspect it pulls back as shown with the market.

The 200 Day MA is all the ...

$SHOP

$SHOP has been moving like clock work for us and has found support on the 200 Day MA so far which is ideal for Wave A to complete here and get a relief bounce for Wave B next.

The market certainly felt a lot of pain this week so a short term rally will be needed shortly and as long as $SHOP...

$SQQQ

The drop on the $QQQ looks a lot more severe than the bounce here for the $SQQQ and it is a clear bounce and clear sign of a reversal but not retest yet.

On the $QQQ the drop has been so strong that it looks like a retest of the 50 Day MA from below may not come but the Mega Caps start repo...

$AMZN TOP 20

What a difference a week has made for $AMZN, from making a new ATH at $189, to losing the 50 Day MA today below $177.

$AMZN needed to make a new ATH with all of the Mega Caps to make a Wave 5 and remarkably the timing was uncanny, as it has marked the top so far but in conjunction with a lo...

$HAL

$HAL continues to hold the Subwave 4 pullback level on the 200 Day MA and between the 0.38 - 0.5 Fib, as the conflict between Israel and Iran reemerged during the night.

We will see if this is the start of the end to the conflict but any ongoing escalation will positively affect the price o...

$CELH - RC -

I have added in the ABC correction for $CELH now.

Following the market nicely and has lost the 50 Day MA convincingly.

$CELH has a strong following, so a decline down to the Wave C target at $50 may be very attractive to some members.

Let know if this is a stock you would consid...

$MSFT TOP 20

$MSFT is sinking hard today

Down another -1.5% today with a total of -5.5% in 4 days now.

Once the 50 Day MA was lost, this trigger a lot of selling

$384 is the next level to watch for me but this is great to see, market can move down when the big four remaining start correcting...

$AMD TOP 20 - LONG TERM PROJECTION -

I believe $AMD is planning for its long term future and will no doubt continue on its positive trajectory for the next 5 year as shown.

Any pull backs experienced this year is an opportunity to add for long term.

We first started buying at $102 on the retest of the 50 and 200 MA on th...

$PYPL TOP 20

$PYPL kissed the 50 Day MA today at $62 and held, this level needs to hold here or the pull back infringes on the subwave 1 bounce and this can not happen in an impulse wave.

$PYPL has showed a lot of fight to hold up considering the pressure since CPI came in hot.

But losing the 50 a...

$AAL - WATCHLIST -

$AAL I believe is lagging $DAL, $JBLU and $UAL now.

And usually $AAL moves very well with $DAL and $UAL as they are considered the big three and have very similar business models due to their exposure to international travel.

$DAL has started its move already but $AAL has not.

T...

$JBLU

$JBLU is holding very well in this ascending traingle.

We know that Carl Icahn has been buying this up at the start of the year but it appears that someone has been buying this up considerably as this consolidates.

$DAL is also on the cusp of breakout out and $JBLU could too with a br...

$ETH

$BTC halving event is tomorrow which shouldn't effect $ETH but it is likely to feel any substantial reactions.

The market is showing a perfect 3 wave pull back now, holding on the 0.5 Fib.

Really we couldn't ask for a better set up before a known catalyst is above to come out.

S...

$ABNB TOP 20

$ABNB has so far survived its $155 test very successfully too.

$ABNB and $DAL appear to be moving in sync which bodes well for my portfolio because I have a large holding in both.

50 Day MA has been recaptured here again, so what we want to see next is a break above the previous high ...

$CURE - WATCHLIST -

$CURE has done a lot here and given us what we have been waiting long enough for.

Price has now pulled back to the strong confluence level of the 200 Day MA and the 0.5 Fib at $101.

With $UNH absolutely ripping since its earnings, $CURE could be dragged up with this sector momentum. 2024-04-18 15:02:56 +0000 UTC View Post

$TSM

Earnings reported today and there was a very slight miss on revenue and the market was not kind at the opening, slight recovery now but crucially, the 0.38 Fib was retested and held exactly at $130.

As always for wave 4's, you want to see the 0.38 Fib held, as long as this is held, the pric...

$CLSK

Ok impressive here.

Bulls needed to bounce on this green line and $CLSK is up 10% today giving the exact response that was needed.

The 50 Day MA needs to be flipped now at $17 to get out of the danger zone

Like I said in my previous upload, we saw $COIN manage to hold its invali...

$PLTR TOP 20

$PLTR has not convincingly held at any support yet and is working its way down to the 0.618 Fib at $20.16.

Remember this is not a wave 4 pull back, where we normally expect wave 4's to pull back to the 0.38 Fib.

This is a wave 2 pull back, so we typically see the pull back to between ...

$HOOD

$HOOD has so far found support on the confluence level of the 0.38 Fib and the 50 Day MA leaving a reversal wick behind it too.

I think if $HOOD can recapture its 0.236 Fib level at $16.11 and hold, there is strong signs of a reversal here to complete Wave 5.

Very nice structure here ...