The Long Investor

$AMD TOP 20

Managed to recapture the 0.38 Fib at $176 after the market sentiment rose after the Fed spoke and we will watch to see if this is Wave A complete now and we get a bounce for Wave B next.

$INTC was awarded $8 Billion today from the US CHIP policy act and this barely moved the needle on the c...

$CLSK

22% Jump today and excellent bounce on the 0.5 Fib.

I chart what I see and treat every chart separately....so in spite of $CLSK, $BTC, $ETH and $COIN being in the same crypto sphere....they can all be at different stages of their counts.

When they are out of sync is when we can truly ...

$YINN

Continues to hold above the 200 MA on the 1hr chart, having tested this level three times now since breaking above it in Mid Feb.

The bounce has not come yet from the HSI but I am expecting it soon as it continues to hold above the critical support levels.

I am still favouring a move ...

$PYPL TOP 20

Strong finish to the day for $PYPL and its first hold above $64.20 to close the day since Jan.

Looking at the overall structure, the Wave 2 hold on the 0.618 Fib looks strong here I am going to add again above the blue line at $66.50.

I think there is considerable upside here above th...

$ETHUSD

So far we have got the perfect pull back for Wave 4 and bounce, also near perfect buy alert today before the Fed spoke.

$3111 was the level to wait for and we also got the retest which triggered us to execute.

We are only a few hours in so far so we'll monitor this to confirm Wave 5.<...

SILVER - WATCHLIST -

In a bullish channel here after retesting the 200 MA on the 1hr chart and holding, so the price action is between the 50 and 200 MA on the 1HR chart now.

Also holding above breakout level at $24.60.

A breakout of the channel to the upside now will be bullish and confirms our projectio...

$DAL

Up over 2.5% on our buy alert yesterday.

We are constantly looking for a retest of support after a breakout and when the price action presents this, we need to be assertive and execute when we get the perfect movement and that is why we bought.

There is always a chance that a price ca...

$NFLX - RC -

$NFLX remains in the megaphone pattern and still drifting up alongside the inside of the top trend line.

Appears to be moving with the market Wave 5 too but not seeing signs of any breakdown yet and still above all major moving averages here so no need to do anything here if you are holding...

$TSLA TOP 20

$TSLA has managed to sneak its way back into its wedge here after raising prices in the US and China which the market may feel will help margins....but Elon himself did say that growth would be the issue, so I am struggling to see how increasing the price is going to help the growth issue, consid...

$LULU

Reports earnings after the close tomorrow and the price action is setting itself up for a strong move once the earnings comes in positive with no surprises, we can never guarantee that an earnings is going to be flawless, it is just something traders and investors have to deal with.

Using a...

$ONON

A very strong recovery since that unnecessary drop post earnings and it presented an opportunity we could not ignore, happy to be holding now since $27.88.

I spoke about looking to see if it rejects after closing the earnings gap at $33.60 but it has continued to show strength so there has ...

$ADAUSD

We are seeing a common pull back amongst the largest crypto names right now

$ADA is in its corrective phase now and also testing its 0.38 Fib at $0.58c

Both $ETH and $ADA look like a bounce is due next and in $ADA's case, it is a bounce for Wave B, before going lower below the 0.5 Fib...

High Dividend Stocks

I've looked at a list of high dividend stocks but in companies that have a strong and stable fundamentals too:

BTI: 9.3%

Pfizer: 5.1%

Coca-Cola Co: 3.2%

JD.com Inc. : 2.8%

CK Hutchinson: 7.0%

Bank of Nova Scotia: 6.3%

Essential Utilities Inc. :...

$BTI - WATCHLIST -

$BTI is not a company that I condone but we are here to make money and provide a better life for ourselves and that is our main aim, so we will buy what achieves this goal.

Price is about to test the 200 Day MA at $31.30, this moving average has been the resistance line since the middle of ...

$TMF - WATCHLIST -

I am really liking the set up on the TLT and TMF charts right now.....with the TMF ETF a 3X leveraged position.

Pulling back perfectly to the 0.618 Fib at $49 in a bullish descending wedge.....this is everything we want to see in a pull back.

Bulls need to hold the 0.618 Fib.

A ...

$CVS - WATCHLIST -

Our savvy member who highlighted this recently again to us has been correct, the bullish set up is there and a very clean breakout from this wedge now and used the 50 Day MA for support at the wedge break out.

No changes to this chart from the last upload and a move up to our Wave 3 target ...

$PYPL TOP 20

Continues to knock on the $64.20 door, we know this is an important level to break out from, so I am not too surprised to see resistance but I do not want to see it breaking down from its structure and the Bulls giving up.

I have added in the white fib levels to see where it might pull back...

$PGY - RC -

$PGY has just completed a 1/12 stock split which is usually not a good sign for a stocks performance and it has dropped from testing the 200 Day MA at $20 down to $9 since then.

It is also approaching its 2022 bottom and the equivalent level at $6.78 pre stock split.

This level needs ...

$SOFI

$SOFI continues to feel the pressure and struggling to find support, the $6.40 level is the deciding factor here, which was our Wave 2 level, a break below this level and there is certainly weakness showing and our structure can not be valid in its current form, it does not mean that the impulse ...

$LI - RC -

$LI has also been feeling the market pressure but what I like here is that $LI has pulled back in 3 waves during this sector weakness, which is what we want to see for a Subwave 2 pull back....but it needs to find support soon.

The 0.78 Fib like $NIO is next and its at $30.79 now, $LI also ...

$AMD TOP 20

$AMD price is right at the 50 Day MA and the 0.38 Fib today, this would be the perfect level for a bounce to go to Wave B now before completing Wave C next.

The maret and the Semi sector is very weak today as FOMC details are coming out today and tomorrow, so there may not be a rush for thi...

$SQQQ

Likewise, the 50 Day MA is at $11.85, so recapturing this level and the $SQQQ is confirmed to be in a reversal.....so it would make sense to start a position here, once $11.85 is confirmed to be the new support level.

Disclaimer: please be mindful of this ETF being a 3 X leveraged position,...

$QQQ TOP 20

No changes to the $QQQ chart since the weekend, we have been all over this movement and so far it is nailed.

Price is curving down to the 50 Day MA now at $428, this is a very important level to watch, if this is lost and a rejection follows trying to recapture this level as a support....th...

HSI

Just a quick update to show that this minor pull back is still testing the levels above and there is no breakdown here, the price remains above the green line and the bullish channel.

This is not moving fast which is fine by me as long as it holds the crucial support levels.

I suspect...

$MSTR - RC -

The most bizarre chart of the year certainly goes to $MSTR.

Extended beyond anything on the market before its aggressive pull back now.

$MSTR is effectively the $BTC chart, its entire concept as a company relies on the value of $BTC. So as $BTC kept aggressively rising, so did $MSTR a...

$SMCI

$SMCI is doing an equity sale to free up $2 Billion, which is by far the smartest move the company can make to take advantage of such a strong rise to their share price, it looks like this sale has triggered the top too, so their timing has been impeccable.

Wave 5 looks to be complete now a...

$ETH

Big aggressive drop now from $4025 to $3200, so needless to say we are happy that we got out when we did (although slightly early) but the aggressive run, especially going higher than the 1.618 Fib just did not set right with me, it aggressively ran higher, so an aggressive run down was likely to...

$NIO TOP 20

$NIO has not been finding the support at the standard support levels, losing the $5.83 blue line, followed by the 0.618 Fib line is showing us continuous weakness now.

The 0.78 Fib level is next at $5.12 but it is looking like $NIO is either going to fill that gap that it failed to close at...

SILVER

After breaking out of its wedge, Silver is looking to retest the wedge breakout level at $24.60 from above now, we saw on the Gold chart that it was able to break above its $2080 level and retest it successfully and bounce.

This is what we want to see from Silver.

It was unsuccessful ...

$IWM

$IWM still fascinates me and I will never count a chart with my bias, in spite of the $QQQ and $SPY showing signs of moving to the downside next, the $IWM is not showing this, as it is still in the ascending triangle here which is a bullish formation and the price action is also testing the previ...