$SPY and $QQQ chart continue to mirror each other and showing no signs of slowing down, I suspect $SPY will be met with some resistance at the yellow line at $502, which could trigger Subwave 4 for us, before going higher to complete Wave 5.
Again we will be monitoring this very closely for...
2024-02-04 23:03:50 +0000 UTC
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$TSLA bulls are starting to feel what its like to be a $NIO holder right now and unfortunately for them, support has not been found yet and there is no clear sign of support until the $152 level.
It is showing oversold on the indicators right now but any sideways movement could improve this...
2024-02-04 23:00:32 +0000 UTC
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$QQQ benefited from $METAs rise during the week and $AMZN, it also enjoyed the markets appetite for Semi's too, with $NVDA and $AMD rising strongly too.
$QQQ is telling us that the market is still drifting higher and not showing any signs of slowing down just yet.
We will watch this c...
2024-02-04 22:58:14 +0000 UTC
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$PLTR is a big one for us to start off the week with earnings after the close tomorrow.
$PLTR is at a very important junction right now....it has pulled back to the 0.38 Fib which is shallow for a Wave 2 but not uncommon for this market at the moment as we saw with $AMD and $AMZN that they ...
2024-02-04 22:55:40 +0000 UTC
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Continues to slowly drift down to the 0.78 Fib and the historical yellow support line.
The price has been unable to hold the 0.618 Fib and we also got a rejection this week too at this level.
$NKE is still looking in a healthy position so as long as it holds the yellow line, Wave 3 is...
2024-02-04 22:36:17 +0000 UTC
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$MSFT is the only Mega Cap that concerns me slightly because in spite of a strong earnings, it had little impact on the share price and we know why.....because it has hit the 2.27 Fib which is the standard area to complete Wave 5.
We know that Wave 5 can go extended but this has not happene...
2024-02-04 22:33:37 +0000 UTC
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$INTC is another stock that has been following our chart and has held an important level going into next week.
$INTC may be called upon by $NVDA to help with demand and this could be a very lucrative position for $INTC and prove to the market that they are on the same level as $NVDA.
...
2024-02-04 22:25:53 +0000 UTC
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$GOOG I believe is presenting another opportunity here, like $AAPL.
The 50 Day MA has been the dominant support line for $GOOG all year and for $AAPL it has been the 200 Day MA.
$GOOG briefly lost the 50 Day MA on Friday but quickly regained this level to finish the week and hold abov...
2024-02-04 22:22:20 +0000 UTC
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$F has been moving remarkably well if we consider how poor the EV sector has been moving.
The pull back in Jan moved down to the 0.618 Fib at $10.75 and has bounced all the way up to the 200 Day MA....a flip of the 200 Day MA here and I will add the impulse wave and this will be a very impo...
2024-02-04 19:58:50 +0000 UTC
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Overall, there was very little needed to be updated this week as just about every chart has been following our projections and I am very happy about this.
$DIS has its earnings this week, so I believe any positive beat in any way and this moves higher to our $100-$102 target....if this happ...
2024-02-04 19:54:56 +0000 UTC
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No changes to the $COST chart, it is following the market and moving up what I believe is Wave 5.
As long as the market continues to go extended, I think $COST could continue moving higher then my Wave 5 level which is always set at the standard Fib extension.
Any current holder...
2024-02-04 19:52:07 +0000 UTC
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$BTC has so far got its bounce on the 0.38 Fib at $39,700.....we need to see a pull back and holding at a higher low to see if Wave 4 is complete, so I have added in the small green Fibs to see where this pull back can come to.
A hold at one of these levels and Subwave 2 of Wave 5 will be c...
2024-02-04 19:49:29 +0000 UTC
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This is one of the big ones we will be watching for this week.....conflicting announcements are showing that they will report before the US market on Weds and other outlets are saying after the market closes....but I believe it will be before the market opens.
It is exactly where it needs t...
2024-02-04 19:45:40 +0000 UTC
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What else needs to be said here that has not been said over the last 12 months?
The retest of the $155 level during the week when $GOOG pulled back post earnings was a screaming buy to me, especially when it held comfortably and I added 20% to my holding and it worked out very well for us.<...
2024-02-04 19:40:18 +0000 UTC
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$AMD keeps getting bought up on any dip and bounced on the former ATH line, in spite of their earnings missing during the week.
I think overall many believe that $AMD is $NVDA's main competitor and may take market share and I do not believe they are correct, so buyers are loading up on any ...
2024-02-04 19:35:50 +0000 UTC
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I bought $ABNB 3 times over the last 10 days and still have two more buys to complete my allocation.
I was happy to see a flush down to just below the 0.5 Fib and bounced immediately on Friday and bought when it held the 0.5 Fib.
I am holding off on my 2 remaining buys in case it come...
2024-02-04 19:32:09 +0000 UTC
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If all stocks moved like $AAPL, then investors would only need to buy one stock.
$AAPL held the 200 Day MA in March, in October and finished this week above the 200 Day MA for the 3rd time in 12 months. Each time the price jumped very well.
We can also see that the price tested the 0....
2024-02-04 19:05:38 +0000 UTC
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$UNH is a stock and company I watch carefully and have researched this sector a lot lately and $UNH also does not get spoken about too often but I like how it has been moving in Wave 5.
The Subwave 2 pulled back to just below the 0.618 Fib and bounced very well and finished the week above t...
2024-02-03 00:35:25 +0000 UTC
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$HD has broke out of its wedge and comfortably above its 50 and 200 Day MA and working its way up our trajectory to the First Target at $377.
This is moving like $COST when it broke out of its own wedge at $505 and an to $700+
Any retest and hold of the 50 Day MA or the wedge yellow t...
2024-02-03 00:26:54 +0000 UTC
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$TSM is flying under the radar which must be a delight to holders right now
Wave 2 held the 0.5 Fib at $85 and the price is above the 50 and 200 Day MA and also above the Wave 1 top blue line now....moving very well up Wave 3.
Wave 3 target remains at $166, so there is still plenty of...
2024-02-03 00:23:33 +0000 UTC
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$SPOT have agreed to allow Joe Rogan distribute his show to Youtube and other platforms....another strong win for $GOOG and Youtube....$SPOT clearly see the financial benefit of this to allow such a thing.
Chart remains the same here with the Wave 3 target are the 1.618 Fib at $3...
2024-02-02 17:42:21 +0000 UTC
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Is performing exactly the same as $NIO now, from its high of $23 in July to testing $7's now and the final support line, which it held in late 2022 and in May '23.
$XPEV, $LI, $NIO, $BYD and the entire sector need a life line now and need to survive holding at their critical supp...
2024-02-02 17:38:10 +0000 UTC
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$CFLT is very similar to $NET, it reacted very well to its previous earnings and they have their next one due next week too, so this could move higher with another positive beat.
Wave C target remains above the blue line at $41, so no changes here.
The bottom blu...
2024-02-02 17:29:07 +0000 UTC
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$NET has been consolidating here over the last 2 months but holding well and flirting with the previous high and the 50 Day MA at $82....earnings coming up shortly so this could be the catalyst to move higher to our Wave 3 target...
We can see from the last report that a positive...
2024-02-02 17:25:31 +0000 UTC
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Moving very well in our trajectory since the bottom in June '23....we are starting to see a pull back over the last 2 months, so I have added in the green Fib levels to watch for a pull back to add or start a position.
Wave C target remains at the top line at $37....still a long ...
2024-02-02 17:21:58 +0000 UTC
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$FUBO has been messy over the last 6 months but still forming an ascending triangle and staying above the 200 Day MA, what concerns me is the double top and large decline at the second top, so if the price action loses the 200 Day MA.....it can move back down to the blue line at $1.60......a hold...
2024-02-02 17:19:31 +0000 UTC
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$DAl continues to look strong and hold on the 200 Day MA after holding the 0.5 Fib at $38, we want to start seeing a drift back up to the red line and break above this level and I believe Wave 3 is then confirmed.
$DAL showing a lot of strength here staying above the 200 Day.
2024-02-02 17:13:53 +0000 UTC
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Has held the First Target for Wave 4 and stayed above the Wave 1 high, making this count valid.
A break above the 200 Day MA at $6 and $JBLU can move up to our Wave 5 target at $7
2024-02-02 17:12:12 +0000 UTC
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$SE has been moving well lately and recently broke out of its wedge, made a new higher high and is now testing the gap at $42.
Getting above $40.60 has been an important level for $SE as this has been a strong resistance level since August last year.
Filling the ...
2024-02-02 17:09:37 +0000 UTC
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$META has pulled a $NVDA.....defying the odds and letting its revenue do the talking.
This is also the second time they have announced at ATH's that they are Buying Back Shares, at $300+ and now at $475+....I wonder why it was not done below $100.
$META went very...
2024-02-02 15:29:26 +0000 UTC
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