The Long Investor

$GOOG TOP 20

$GOOG is now within touching distance of its ATH line and our Wave 3 target, there is no need to do anything here either, I am likely going to hold my position throughout any possibly Subwave 4 pull back because most pull backs for the Mega Caps and the market have been shallow, so I do want to b...

$BABA TOP 20

China is freeing up cash, lowering lending rates, curtailing short selling and buying up Chinese equities....they are working hard this week, we called for this back in September but better late than never.

Xi must be a chartist because he caught the Hang Seng at the double bottom and when ...

$PYPL TOP 20

Looks like we'll get the second test of the 200 Day MA today at $63.10, which is also exactly at the red trend line.

We know the $64 - $66.50 is a high supply zone so it was going to be a strong battle ground for the bulls so a second retest of the 200 Day MA should not be too much of a sur...

$IBM

Very clean breakout of this yellow channel and we can see clearly that there was a break out with a retest from above and the price held support, this was also assisted by the 50 Day MA too, making this a strong confluence level.

There are no changes to our chart either since the last time ...

$V - WATCHLIST -

This chart has been on our watchlist for the last few months and moving very cleanly here.

Comfortably above the blue line, the 50 Day and the 200 Day MA....and there is very little in its way from here and the 1.618 Fib to complete Wave 3.

Earnings report is due on the 25th of Jan, s...

$VIX

$VIX managed to break out of this channel last Tuesday but it was short lived and quickly rejected by the 200 Day MA and fell back into the consolidated channel one more time.

A break down here and the market should continue to move higher as we expect.

We are fastly approaching the b...

$PENN - RC -

There are a number of things to be bullish about here.... apart from this following our count very well.

- There is a break out of the descending wedge

- The price is back above the Blue support line

- The price action held the 0.618 Fib for its pull back since the start of the ...

$BIDU

$BIDU performed as well as $BABA today and their formations are very similar too....both in a descending wedge, which is bullish formation, waiting for a catalyst in order to reverse.

Today may have been the start of it but we need to see more strength to confirm it.

A break out of th...

$LUV

This has been a long time coming but this is the first time since June that $LUV has broken above the 200 Day MA and finished the day above this level.

The pull back at the start of the year came exactly to the 0.38 Fib so this suggest to me that it was Wave 4 and we are in Wave 5 now....as...

$ZM

I am seeing strength here from $ZM on the 200 Day MA, on the top yellow trendline and on the 0.38 Fib which is three strong support levels to confirm our count that Wave 5 is next up to $77.

This price increase would imply a run up to the earnings release date at the end of Feb.

It re...

$PLUG

Even with a 33% gain today, $PLUG is still in this extremely long and tightening wedge and just being held down by the 50 Day MA which is at the top wedge trend line too at $3.80.

No changes to our chart here, the gain was more than likely a squeeze today but until the price breaks out of t...

$DAL - WATCHLIST -

$DAL is testing the 200 Day MA from below now and I believe that a break out of this level and flipping this resistance level to support and Wave 2 is then complete.

Many believed that airlines would not be a solid investment for the next few months but that is simply not what I am seeing f...

$SE TOP 20

$SE has now tested the bottom red line 6 times now and has bounced each time but unfortunately continues to make lower highs and hitting the red diagonal line as shown, so this is a resistance trend line that the bulls needs to break above and hold in order to stop this cycle.

The line is e...

$PYPL TOP 20

We are getting the continuation today after the solid hold at the 200 Day MA yesterday, patience this week and let the price action do its thing as it is in this zone.

We can see that this is performing well and the bulls are in the driving seat, so doing nothing right now is the plan.

$BABA TOP 20

$BABA starting well for two reasons, the further stimulus measures and the report that Jack MA, the CEO has bought $50 million shares worth of $BABA over the last month.

Firmly recaptured the wedge now and the price has worked its way towards the 50 Day MA, this will be the first test over ...

$NIO TOP 20

We have all seen the news now that the Chinese policy makers are planning to pump $270 Billion into the Chinese stock market by using companies based outside of China....the Hang Seng reacted very positive to this news and we are seeing that Chinese ADRs reacted strong too.

$NIO is up 12% a...

$PATH

$PATH is beautifully following our chart here and we can see that the pull back held the 0.38 Fib and the 50 Day MA at $21, which is what we wanted to see and expected.

So I believe we are seeing the start of a move up for Wave 5 now....our Wave 5 target is sitting at $30 here, so there is ...

$IWM

We saw how shallow the $SPY and $QQQ pulled back for Subwave 2 and the $IWM is being a little more reasonable by pulling back to just below the 0.38 Fib and found support on the 50 Day MA....this is within the realms of acceptability to complete Wave 2 now....especially with how $SPY and $QQQ beh...

$DIS TOP 20

Another strong day for $DIS, just the previous high to get above next at $96.55 and then it is clean sailing to our Wave 5 target....this is as simple and straightforward as it comes.

$UPWK - WATCHLIST -

Another test of the 50 Day MA and a bounce today, making this another higher low too.....another test of the $16 is expected next but until this level is broken, the bull case is not triggered and Wave 3 is not confirmed.....I do like look of this however.

$ROKU - RC -

Not a single change to this chart, it has been immaculate for us and we can also see how the 200 Day MA is aligning perfectly with the yellow trend line that it is almost impossible to see it over the last week.

This is a strong support level and the price needs to hold here if there is a p...

$ORCL - RC -

Attempting to break out of the bullish flag here and above the 200 Day MA at the same level.

A successful breakout here at $109.50 and holding above this level and this is a strong bullish indication and aligns with our Wave 3 projection.

We can also see where the blue line cuts throu...

$DDOG - RC -

$DDOG has now hit our Wave C target after holding support at Wave B and has now bounced 100%, so congrats to all those who held and bought for these gains.

I have added in the impulse wave count here and we can see how bullish this looks and how it aligns with this bullish bowl formation, t...

$ETHUSD

Some weakness shown my $ETH today but very little has changed to the set up, the 50 Day MA appears to be the testing level now and a failure to hold this level and the price can come down to the amber level at $2130 to test for support, if this level is lost then we may see some break down but th...

$PLTR TOP 20

Very nice move at the opening today and I think many may have chased this when it was up 7-9% too and then the post monday open frenzy subsided but still finished a modest +4% up for the day.

The price got stopped out by the 50 Day MA at $18.35 and our yellow line which was a resistance lev...

$BABA TOP 20

Weak PM for $BABA but slowly recovered during the day and back up to test the yellow trend line from below....as we said over the weekend update, we need to see this level flipped to support and then a move up to the blue line at $71 to see signs of reversing or even strength.

For now, we c...

$PYPL TOP 20

Interesting price action today for $PYPL, it was quite bullish in the PM but could not sustain this enthusiasm at the opening but we can see clearly that the pull back was exactly to the 200 Day MA and the red trend line which is the top of the long wedge it has been in for 2 years.

So this...

$NIO TOP 20

From -4% in the PM to green now is a nice recovery to start the week.

Price has held the blue line and bounced but we can still not say that the bottom of the yellow wedge trend line will not be tested yet at $5.50.

There is some optimism at the moment in the EV sector due to $FSR's p...

$FSR

Up 35% now at the opening due to a filing with the SEC that they have made an agreement with an investor to secure their future effectively and my take is that they have been provided assurance of access to capital if needed:

"I am pleased that we were able to reach an agreement with on...