The Long Investor

$AMZN TOP 20

$AMZN is testing its 200 MA on the 1hr chart and its trend support line, holding support so far but losing this level and we will certainly have a trend change here.

This is the 1hr chart above but on the daily chart, the 50 Day MA is at $177, this is the important level, losing this and th...

$NIO TOP 20

50 MA on the 1hr chart is at $4.20 and this has been a resistance level during its time in this long descending wedge, so bulls need to start flipping moving averages soon.

We can see that the 200 MA on the 1hr chart is also aligning with the top of the wedge too, making this a confluence l...

$DAL

This has been showing enormous strength lately and continues to try and push higher, going against the market right now.

Another test of the yellow line and the 1 Fib today too but we need to see this level flipped to support to confirm the bull case and Wave 3.

Nice ascending triangl...

$HAL - WATCHLIST -

$HAL is at a strong confluence level now on the daily chart.

Wave 4 pull back has come down to the 200 Day MA and in between the 0.38 - 0.5 Fib for support and has held so far.

Today is the day where it needs to show it can stay above this level, if I see more strength here and signs ...

$NVDA

Semis got hit hard today, I was watching $AMD for awhile today to see if it could find support but kept slipping and looked weak all day, $INTC was similar.

$NVDA also finished the day down more than -3% too.

$NVDA is testing its 50 Day MA here too.

I think the market believes t...

$UNH

$UNH has now jumped from $437 to 478 since its double earnings beat yesterday and has managed to recapture the blue line and the channel convingly now.

The 50 Day MA is the very obvious resistance level next and after such a large jump post earnings, this could mark the completion of Subwav...

$PYPL TOP 20

The US 10 Yr cooled down slightly today by pulling back over -1% and helped a number of stocks and relieved some selling pressure. $PYPL was able to benefit from this and mostly end the day flat.

Still holding the 0.5 Fib and above the 50 and 200 Day MA so in spite of the pull back, it hasn...

$AAPL TOP 20

Very hard rejection from the 50 Day MA from $AAPL, after exploding out of the downward wedge at the end of last week and jumping from $167 to $178 and almost all gains have been returned.

The previous low needs to be held or we are still in Wave A.

The market is not showing much stren...

$AMD TOP 20

$AMD was tempting me this week to add in order to catch the relief bounce but it has struggled to hold the 0.5 Fib today at $160 and is down -4% so far today.

The 0.618 Fib is at $144 which would be very appealing and the 200 Day MA is moving up to this level now too.

$AMD has perform...

$BTC TOP 20

$BTC and crypto is starting to show real vulnerability now leading towards the halving event and the price action is down at the 0.238 Fib now at $60k.

Losing this level and it is almost certain that Wave A will continue down to the 0.38 Fib at $51k, which would be a large drop.

We ca...

$BABA TOP 20

$BABA has lost its critical support level on the blue line at $71.

It is now moving down the wedge to the next support line on the 0.887 Fib at $65, which is also on the bottom trend line.

$BABA has now dropped into my buy zone and this is a buy zone I can not ignore.

Worst case...

$INDA - INDIAN MARKET ETF -

$INDA continues to move strong and the IMF yesterday expects 2024 growth for India to be close to 5%.

I believe India has got a bright decade ahead of it as many companies look to expand in cooperation with India and set up a HQ there, $AMZN being one.

Wave 5 does not look complete h...

$V

I think if we are fortunate enough to get $V pulling back to the 200 Day MA or the blue line between $251 - $255, we should strongly consider adding $V to our Top 20 list and buying.

I have regretted not putting it on the list from the beginning too, so I think this is something that should...

$COPX - SAFE HAVEN -

$COPX exactly hit the yellow line and rejected as the news broke about the restrictions on Russia from the US and the UK.

Buy the rumour, sell the news event happened but I do not believe this is it for $COPX, I believe there will be another retest of this level soon and there is no reason ...

$CLSK

$CLSK went within $0.14c of the invalidation line yesterday as miners continue to look under pressure as we approach the halving event on Friday.

Nobody knows what it is going to happen to the sector when this event starts, whales could offload or end up buying up heavy amounts....nobody ca...

$DAL

I have a large position in $DAL at the moment because of how strong it has been moving this year and how resilient the travel sector has been.

$DAL is also incredibly undervalued compared to other large caps in the market, so my money has been secure here while the market jitters.

Up ...

$SPY TOP 20

Ok this is the 1hr chart above but on the daily chart the 50 Day MA is at $510 exactly now.

We said in our last $SPY upload that it has lost the 50 Day MA so what we want to see next from $SPY is a retest of the level from below, so this should come in the form of a small relief bounce toda...

$AFRM

Last chart of the night, 12 hour shift is complete.

$AFRM is at a very strong confluence level right now.

• The 200 Day MA

• The steep descending wedge apex and

• In between the 0.5 - 0.618 Fib levels

Price needs to hold here

$AFR...

$PANW - RC -

No changes to the chart here since I uploaded it 6 weeks ago but I have a number of requests for it so some members must be concerned.

The 200 Day MA has been acting as the support level since the 0.38 Fib has been lost for Wave 4....a weak market will cause support levels to move lower, th...

$NEM - RC -

$NEM is struggling on the retest of the channel it has broken out of.

It is a tough week to turn bullish but the 200 Day MA has so far offered help for support.

Holding above $38 is needed to make another attempt at staying above this downward channel.

Success here and the targe...

$GLBE - RC -

$GLBE has struggled to get above its blue line at $37 but all is not lost yet here as it has formed a very large wedge.

The pull back in November last year was on the 0.618 - 0.65 Fib which is always a good sign as it is regularly associated with an impulse wave.

So first task will be...

$SNOW - RC -

$SNOW broke above the blue line into the Bull Case in Feb and on the retest of the blue line trying to convert it to support, it failed around earnings report date and dropped very aggressively.

CEO unexpectedly stepping down and slower growth guidance hurt this hard.

Impulse wave is ...

$HOOD

$HOOD went within $0.20c of the 0.38 Fib level today at $16.64 and held and bounced.

Let's see if this is enough to complete Wave 4.

We can see that the 50 Day MA was coming up to meet this level too to reinforce the support but it was not needed....yet.

I think $HOOD will benef...

$DG - RC -

$DG has not lost its impulse structure but like a lot of stocks right now, it is trying to test previous support levels.

We can see that $DG just held its 0.618 Fib today at $144 but any lower than this and a test of the Wave 1 level is next, any infringement below this level at $140 and th...

$PLTR TOP 20

$PLTR is keeping between the 0.38 0 - 0.5 Fibs right now, the 0.5 Fib was lost for a very short time today but recaptured quickly.

A direction has not been taken yet but what we do know is that the 0.38 Fib level is a temporary resistance level, so if this level is converted to a support le...

$CRWD - RC -

$CRWD has followed the Mega Caps higher since early 2023 and has started to bend down now too.

it has already lost its 50 Day MA and is testing the blue line now at $300, which was the previous high from 2021.

Since we have Wave 5 completing at its new ATH, I believe this too is start...

$VIX - IMPORTANT NOTE -

One of our main guides over the last 16 months was following the $VIX, so much so that it was once a Top 20 Chart as we relied on it so heavily to guide us.

With that being said, the chart is showing significant changes to its trend.

The price has broken out of its yellow channel, whi...

$COIN

I have not needed to upload $COIN in awhile because we felt that Wave 5 was complete and we wanted to see confirmation that this was in Wave A next, I am happy to confirm this now as the price is still below the 50 Day MA and moving very well in a corrective wave.

That being said, it is hal...

$OXY

Nice rejection now for Wave 3 here too, similar to $HAL, so again we will be watching for support on the 0.38 Fib at $64.

The 200 MA on the 1hr chart is just below this level so this could offer support too, so both levels will need to be observed.

I would be keen to add $OCY again he...

$HAL

Watching $HAL very closely here.

We have the pull back to the 0.38 Fib now and the 200 MA on the 1hr chart was also waiting here too.

I want to see a hold here now and I will add to my position.

I believe oil will move higher over the next few weeks, so $HAL is a good hedge to c...