The Long Investor

$NIO TOP 20

$NIO has performed well since holding yesterday above the important $8 level, which we know is a strong confluence level.

Price looks steady today too and has so far been holding the higher low on the 0.5 Fib at $8.30

We need to see more price action to confirm that this pull back sin...

Post taken form Brian Felodi

Brian has an excellent view on Long Term Investing and I am a fan of his books. This graph above shows all the times over the last 15 years that we have had reasons to sell.

Understanding how charts move helps navigate this noise.

$AMD TOP 20

$AMD has finally been giving us a pull back that we have been waiting very patiently for.

It came close to our yellow line yesterday which was the previous high in May but I would like to see more of a pull back to the amber Fib levels, to really benefit from the next leg up.

$ABNB an...

$DIS TOP 20

About to retest the 0.38 Fib for the second time, a successful retest again is further confirmation of the strength of this support level.

I will continue to watch this closely.

$AAPL TOP 20 - NOTE -

We often wait weeks and months for a pull back and when it comes, do you buy?

Many don't and retail investors really struggle with this, but we are different here, we need to be become experts at execution.

Trusting the process and strategy.

$AAPL has been pulling right back to ...

$ABNB TOP 20

Happy to see a bounce today from $ABNB after pulling back continuously to the 0.5 Fib, we can see on the 1hr chart that the 50 and 200 Day are at the same level now and may cause the price action to reject at this level, this would be the perfect scenario and start moving down to the 0.618 Fib ov...

$TGT - POTENTIAL SAFE HAVEN -

I have spoke about $TGT at length before......that although they got killed on their Woke policy, there is a lot to show from their chart that the bottom has come in.

There is no changes to this chart, except I have added in the white fibs to show a pull back levels for Wave 2.

We hav...

$PAYC - RC -

$PAYC has struggled over the last few years and over the last few months, it has dropped below its Covid low line at $163 but has managed to bounce from this level.

I can not rule out the possibility that this will pull back again to its Covid line or the 0.78 Fib at $126 because the trend ...

$ORCL - RC -

$ORCL continues to pull back and we can see a rejection here at the blue line, which was also at the the 50 and 200 Day MA. As we have observed a number of times lately, when the 50 and 200 Day MA are at the same point, usually we see a strong move next, a breakout or breakdown and in this case, ...

$SQQQ - SAFE HAVEN -

The 3 X short $QQQ we have monitored all year and was another factor we used to determine that the market was still going higher in October, I have attached the chart from October too, clearly showing the bearish channel and where I see Wave C going to.

When the market does complete Wave 5,...

$RIVN - IMPORTANT NOTE -

What is something we always say in this group?

'The Market always gives you a second chance!'

So there is never a reason to chase a stock after it has ran, a stock or market will always pull back and there is solid reason to wait for the pull back to make a higher low which c...

$JBLU - RC -

$JBLU chart is almost identical to the $PYPL chart, it had a weak day and pulled back to the 0.5 Fib exactly and held.

The 50 Day MA is just below to offer support if needed but I am still leaning on this to complete Wave 5.

Losing the First Target levels and the structure breaks down...

$DG - SAFE HAVEN -

Both $DG and $DLTR took a hit today which is a very welcome relief because we do not want to see these two running before the market takes its turn and corrects, Ideally we would like to add them as they complete Wave 2 and that is what I am watching closely at in the back ground.

I have ad...

$SQ

$SQ, $SOFI and $PYPL felt the pressure today but $SQ and $SOFI were in desperate need of a pull back.

In our last update we said that if $SQ pulls back to the middle blue line at $55, it would present a great opportunity to buy.

If we consider that the top is in now, the Fib levels al...

$DIS TOP 20

We said that this bullish set up was almost too obvious but the market seems to think the same as us too.

Convincingly holding on the 0.38 Fib, the 200 Day and 50 Day MA at $89 and bouncing 1% today.

The strong confluence level was able to defend tough market conditions for the last f...

$INTC TOP 20

Very happy with the call and chart here for $INTC.

At the weekend we said that we expect a rejection at the Second target and a pull back, hopefully down to our Wave 4 level to get maximum benefit of Wave 5.

So far it has declined hard and has the 200 Day MA next to contend with, a lo...

$PYPL TOP 20

I have been keeping an eye on this for the day, watching to see if it would stay below the 0.5 Fib but it has not happened and is sitting on the 0.5 Fib and looks set to end the day here.

I was disappointed to see $PYPL lose the 0.38 Fib for Wave 4 and the 200 Day MA on the 1hr chart but th...

$ABNB TOP 20 - IMPORTANT NOTE -

I have spoke a lot during the year about buying at Fib levels when a stock price has run aggressively and then begins to pull back.

$ABNB has been the best chart in 2023 for taking advantage of charts that follow a strict adherence to finding support on Fib levels.

In this case, the 0...

$BABA TOP 20

$BABA recovering today after a weak day yesterday to start the year, like a lot of the US market.

Today we can see that the price action tested the 0.5 Fib at $74 very quickly and bounced and has been mainly using the 200 Day MA on the 1hr chart as support.

Nice price action when obse...

$NIO TOP 20 PROJECTION

A lot of new joiners over the last 2 months and I want to add this again to show how $NIO can look if it continues on its road to progression.

This is a straight forward Double Bottom structure, using the same time frame down to $7 from $24, as back up to $24.

This is the conservative...

$SOFI

I know the $SOFI bulls in our group have not given up on this just because it has pulled back aggressively today, it has had a fantastic few weeks jumping from $6 to $10 and this pull back is certainly needed.

So where is the pull back testing now?

Exactly on the blue line, which has ...

$SE TOP 20

$SE holding up today and making some interesting moves.

It has pulled back over the last few sessions with the market but has so far held the 200 Day MA on the 1hr chart and the 0.618 Fib level too at $37.70.

Like $NIO, these are the levels that the bulls need to defend, $NIO and $SE ...

$TSLA TOP 20

Continues to suffer more than the other Mega Caps right now, which leads me to further believe that this is in Wave A of a pull back, where Wave A is right at the 50 and 200 Day MA, sitting on the 0.5 Fib at $229, this is where I expect $TSLA to get some relief and bounce, before going lower agai...

US 10 YEAR

$PYPL, $SOFi and $SQ are feeling the pressure today from the market pull back more than many and I am putting this down to the 10 year jumping, as we know, these are closely correlated to each other.

But I am seeing a test of the 200 Day MA from below next which is not a good sign if it rej...

$NIO TOP 20

We spoke about this possibility yesterday, that this Wave 1 (waves 1 - 5) was a leading diagonal, not common but always found in Wave 1, it is where waves overlap.

The price action of yesterday and todays PM has confirmed this now.

So 3 very important points to make now:

- The 2...

$PLTR TOP 20

$PLTR is moving very well down to our target levels, we can see that the PM has brought the price down to the 0.38 Fib at $15.88 exactly right now, I think it will come down further but we need to be mindful of the 200 Day MA which is just slightly below and in between the 0.38 Fib and 0.5 Fib at...

$WYNN

Last chart for the night.

I have also been impressed with the strength from $WYNN today.

It managed to break out of its wedge too and hold above the 50 Day MA and at the 0.5 Fib at $84.

A break above the 200 Day MA next at $99.50 and this is into the Bull Case.

Very nice c...

$XPEV - RC -

Continues to test the 200 Day MA and it has so far been a formidable support line.

It is also backed up by the 0.618 Fib which is the perfect support level to hold for Wave 2.

The more strength this shows, the likely event of a bounce and if a bounce comes, it is only the 50 Day MA in...

$AFRM - NOTE -

This is a company I am paying very close attention to because I am hearing back to back positive news coming from them and potential future contracts.

There is talk that $AAPL are looking for someone to take over their Apple Pay payments from Goldman Sachs and $AFRM is a top contender.

$CELH - RC -

8% Jump today, on a day that the market was tested is quite impressive......but are we surprised by this?...nope.

The price found support on the 200 Day MA for Wave 4 and has bounced very well.

A retest of the 50 Day MA at $53.20 would be perfect here and holding before moving higher ...