The Long Investor

$UNH

Up now 5% in the PM after a strong earnings report.

I added this chart a few days ago to say that I believed this was Wave 4 and looking very attractive and should not be ignored.

Price action managed to hold onto the blue line to close yesterday and after the results today, it has b...

US 10 Year - IMPORTANT NOTE -

I added a lesson yesterday talking about the relationship between the 10 Year and $TLT and I believe this helps shine some light on their correlation.

The US 10 Year moving this aggressively does not help the market, it stops the ability for money to flow easily throughout the economy.

$SQQQ

$SQQQ is a stock that many will be considering right now and a chart we have followed very closely.

We can see clearly here that this has been following our projection, likewise, so has the $QQQ chart.

$SQQQ has managed to find support on the 0.5 Fib at $10.28 6 times now and on the d...

HSI

I have added in the subwaves now because I believe this helps people to understand the movement of the chart so far.

Price action jumped up in 5 subwaves and fell short of the 200 Day MA before GDP figures came out today.

It appears as though his large beat on GDP was already factored...

Important Note

Now is not the time to take on risk.

The pull back from August to October ‘23 was an aggressive Wave 4 pull back

We then got the most typical Wave 5 you could see, it was fast and sharp because Wave 4 was so aggressive.

When Wave 5’s complete...

$QQQ TOP 20

The $QQQ, $SPY and $MSFT all finished the day below their 50 Day MA.

We spoke about this yesterday and we needed Iran not to declare that they would retaliate and when they did, it was enough for the market, which was balancing on a knife edge (the 50 Day MA) to fall.

$MSFT falling wa...

$DAL

$DAL has been showing a lot of strength today and now that the earnings report is out of the way, it has one less influence to worry about.

It is also looking likely that $DAL may finish green for the day which would be extraordinary,

As long as the setup remains in place here, I see ...

$HOOD

$HOOD has moved as expected and moving down to the 0.38 Fib now.

This is the standard level for Wave 4 to pull back too and we can see that the 50 Day MA is coming up to meet this level too.

This is where $HOOD needs to hold.

Any loss of this level and this can certainly break d...

$PLTR TOP 20

$PLTR battled to get above the 0.38 Fib today at $22.93 but ultimately rejected at this level as it was a strong confluence level with the 50 MA on the 1hr chart.

The price is moving down to the 0.5 Fib now at $21.55.

I would be surprised if this level is held if I am being honest. 2024-04-15 19:47:43 +0000 UTC View Post

LESSON: US 10Y and the $TLT Relationship.

I feel this relationship should be explained because both are very relevant to the current market conditions.

We are seeing the US 10 Year moving higher while $TLT and $TMF moves slowly lower, understanding why this happens is important.

The US 10-year Treasury yield and the iShares 2...

$HAL

I have started a position here and I am assessing my next buy entry now.

The chart is moving considerably well here and I believe we are experiencing subwave 4 now before a final leg up for Subwave 5 to the blue line at $44.

We can see that the 200 Day MA is starting to the drift up t...

$ZM

I continue to watch $ZM in the background but continue to see oscillations and consolidation within $75 and the ATL line of $59. Price right now is at $60, so it is as rock bottom as it has ever been.

I think the consolidation continues sideways and we can see on the RSI chart that every ti...

$NIO TOP 20

$NIO is back to its May 2020 level now, price has breached the $4 level and the drift down continues.

A test of the bottom red trend line is at $3.80, so this may come at some stage today.

Keeping tight in this wedge is needed, a breakdown will result in a strong flush down, market ca...

The Home Setup.

You don’t need 5 or 6 monitors

You need focus

Keep your station clean and resources close by.

4 books I read regularly are always at hand

- The Day Stoic

- The Intelligent Investor

- EWT Made Simple

- TA of t...

$SHOP - LONG TERM PROJECTION -

$SHOP is a strong contender to be added to our Top 20 list and I really like its projection until 2030.

We can see that the 200 MA on the weekly chart has been a resistance level and that is why we are currently waiting for $SHOP to decline further to the lower amber Fib levels before start...

$DDOG - RC -

$DDOG is looking good here leading up to earnings at the end of this month.

Holding above the blue line at $120 has been impressive.

Market is expecting a positive beat on earnings and they have never missed on an earnings report since their IPO in 2019.

Following our projection...

$ROKU

$ROKU has not held its yellow support line that has been in place for all of 2023 and is now looking very weak which we highlighted in the last upload.

Unless the $64 line can be recovered quickly, this should continue to move down the amber Fib levels as shown and the 2023 low can not be r...

$CVX - WATCHLIST -

If you missed $OXYs breakout, $CVX has not broken out of its channel yet and has tested it recently, I suspect there will be another retest of this level at $164 shortly, after using one of the moving averages as support.

This chart has been uploaded for a number of months now and Wave 5 ha...

$HQY - WATCHLIST -

One of our members highlighted this chart to me and believed it had a nice set up and they were correct.

• Bullish wedge breakout and a retest

• Clear Cup and Handle formation

• Above the 200 Day MA and testing the 50 Day MA now.

• Fundamentals a...

  2024-04-15 09:46:35 +0000 UTC View Post

USOIL

No changes here of course but highlighting that USOIL has certainly reversed here and above all important moving averages, a retest of the yellow trend line at $83.70 is possible and a hold here can propel this higher.

Next test would be the Sept high at $95, a break above this level would ...

$COPX

$COPX I highlighted this chart last week to alert our members that something strange was happening here and its parabolic move was mimicking Silver and Gold but has not broken out yet, like Silver. I could not account for why this was happening, except that the market was buying precious metals a...

$ZS

$ZS is at a very important level now at the 0.618 Fib at $180, for me, this level needs to be held by the bulls because if it is lost, the price can come down to the amber line at $160 very easily and the bulls are fighting an uphill battle then.

It has not broken down yet but the price act...

$ETH

I added yesterday at $3030 as the news from the middle east started to calm slightly and Israel did not give a knee jerk reaction and the price of $ETH started to form an ascending triangle under the 0.38 Fib at $3100....I sent the buy alert out in the group to say I added, in spite of the risk t...

HSI

HSI is moving within a tight channel here but the channel is also within the 50 Day MA and the 200 Day MA from above.

Here we will start to see the two moving averages merge with each other as long as the price action stays in the centre.

When moving averages merge like this, a direct...

$QQQ TOP 20

I have added a long commentary under the $SPY chart just now so I will not repeat this same commentary here, I suggest everyone should read the $SPY chart before the market opens tomorrow.

$QQQ is almost in an identical situation as the $SPY chart now, it managed to hold on the 50 Day MA to...

$SPY TOP 20

The big question on everyones lips this weekend is: How will the escalated conflict in the middle east affect the market tomorrow?

People will quote that the Israeli stock market ended positive today but let's be clear, this makes very little difference.

Lets look at the chart:

...

$TSLA TOP 20

$TSLA made headlines last week when they announced plans to launch their Robotaxis in August and many were expecting a big week for $TSLA but the market had other ideas.

Dan Ives from Wedbush, who has historically been a strong supporter of $TSLA up until this year has attacked $TSLA for th...

$PLTR TOP 20

$PLTR's pre market activity will be interesting tomorrow, I am expecting it to be positive.....it should follow Lockheed Martin being green.

The actions taken by Iran over the weekend is certainly a level change in terms of conflicts in the middle east, military spending will likely rise t...

$PYPL TOP 20

$PYPL was fighting a big battle this week and somehow managed to stay in tact.

CPI came in hot and the US 10 YEAR shot up 3% which is a big hit on the finance sector but this did not break down the structure.....even on Friday under enormous market selling pressure, $PYPL managed to stay in...

$NKE TOP 20

Talk about being saved on the red line.

$NKE bulls needed to hold the red line at $88 and they managed to do that and bounced.....this can be considered a double bottom but would need to start showing some strength, meaning a higher high and higher low in an impulse count next.

Gettin...