The Long Investor

$KO (FORMER TOP 20)

Is heading for the buy zone.

It has not recovered from the WHO investigation into the potential damaging effects of sweeteners in food and the market is running a bit scared of $KO.

Buffet maintains that there is no better run company than $KO, maybe with the exception of $AAPL and th...

$MGM

Continues to how $36 at the $0.618 Fib and ended today flat as it continues to find support on this level.

I am interested in this as an exposure to a travel stock and $ABNB.

I am also monitoring airline stocks too to see when they have found support.

Travel and entertainment re...

$FSR

$FSR closed its $170 Million convertible note offering today and the stock reacted positively to this news.

Many stocks were performing well today until the mid day slump kicked in and only the Mega Caps managed to hold relative strength across the board.

We can consider from this tha...

Cheat Sheet

A very useful Cheat Sheet to  save on your computer or phone.

We use these formations to help us find the trends on the smaller time frames, they particularly help us to find Wave 2 and Wave 4 and when to expect a breakout or breakdown. 

$DNA

I can see that this is part of lot of our members portfolio and in their Top 5 so it is a stock I will continue to update regularly.

+5% day on Friday and performing well now in the PM too, we want to see more of this and the main objective and test now is getting above the 50 Day MA at $2,...

$CVS

Strong flush down after its earnings and losing some contracts potentially to $AMZN but it has recovered slightly since, we can see that it held support exactly at the 0.78 Fib and has bounced up to the 0.618 Fib and has so far rejected, let's see where it can find support now, if it can find sup...

$CRWD

$CRWD as a reminder has been performing very well, I was asked why this has not been part of the Top 20 list and of course there are many stocks I would love to have in the Top 20 but I have specifically selected the list because of their exposure to certain industries and although $CRWD has expo...

$ZM

We saw a nice bounce here on Friday and $ZM has been one of those stocks where the moment you start to give up hope on it, it bounces and tests your limits.

So I believe this is a stock that you need to stick with if you are holding and give it a chance to recover.

We know what the pl...

$JBLU

$JBLU has gone straight to the First Target after losing the Bear Case support line at $6.16.

It has been getting killed and for reasons that are not very clear....as fundamentally, it is not in a difficult position.

The Spirit takeover is the only logical explanation and the market t...

$ETSY

Below the blue line now which it could not hold but it is fighting now to recapture it.

This has not been a buy recommendation for us but we have been monitoring this closely since it broke down from the yellow channel as an exercise....if it can recapture $67 and hold, this may be worth lo...

$BOTZ - RC -

$BOTZ chart looks strong and healthy and although it pulled back with the market over the last 2 months, it kept its structure very well and the impulse wave is still the dominant count here.

Getting above the 200 Day MA and the middle blue line at $27.30, will be the next big test.....the ...

$MARA

$BTC is bouncing this morning and we can see from the $BTC chart and the commentary that this has held up remarkably and has so far brushed off the $JPM policy.

This directly affects $MARA and we can see in the PM now that this is up 8%....so lets remind ourselves of the long term chart her...

$NIO TOP 20

$NIO long term and short term (15min chart) uploaded.

The Long Term chart is the chart I made in October '22....as we can see, it has been generally following it incredibly well, entering our buyzone below $7.38 and has bounced since and so far has been holding outside it.

On the shor...

$TSLA TOP 20

$TSLA like $GOOG are the two Mega Caps that still concern me that they could come down lower still and complete their pull back.....and I have just noticed that I had set Wave C of Wave 2 right before the earnings release around the 18th of October.

I do not look at dates when I set counts,...

$SPY TOP 20

We called the bounce level and the bounce level has so far delivered. Between the yellow trend line and the 200 Day MA was our target and it hit exactly in between this area and the price is now holding back above the yellow trend line again.

We have been all over this.

The $SPY looks...

$SE TOP 20

Very strong week for $SE and this chart was uploaded a number of times so we were ready for its movements and what to look for incase it pulled back and did not hold support above that important $40.60 line.

I think the ideal situation here is to see a pull back to show where support is, an...

$QQQ TOP 20

Similar situation to $AAPL and $MSFT which is not a surprise as both of these stocks carry the two highest weights in the $QQQ, the price action has not quite made it down to the 200 Day MA and just outside the white circle for now.....partly due to these two stocks and $META and $NVDA battling t...

$PYPL TOP 20

$PYPL has also bounced on the bottom of the buy zone and so far it is still too early to say that this is the start of the reversal.

A number of Fed speakers will be talking throughout the week and may calm the concerns of 'higher rates for longer'...my personal opinion is that the Fed will...

$PLTR TOP 20

Firstly, I am not buying this bounce as anything more than an extension of its corrective Wave 2 and secondly, I am not chasing this.

$PLTR is attractive with an average at under $12, not at $15 or $16.

Their slow growth and still not profitable for the year means that they have a lot...

$NKE TOP 20

Earnings came out this week and the market really liked the recovery from sales in China and opened up 10% after the report.

This also happened at the yellow trend line too which is the covid low support line and from last October.

So I have added in the two possibilities now, both gr...

$MSFT TOP 20

$MSFT and $AAPL charts are now again identical and both at a very important confluence level.

We really want to call the bottom on Wave 4 now but the 200 Day MA is still slightly below and this may be needed as a show of support.

That being said, even if it comes down a slight bit mor...

$INTC TOP 20

$INTC got a bounce on the ascending triangle line at the end of this week after they opened their 'Fab' facility in Ireland this week....this was a $17 Billion investment and now it is operating.

There was a large fanfare for the event in Ireland and $INTC came out and said that they are fu...

$GOOG TOP 20

$GOOG and $TSLA are my two Mega Caps that are still looking like this may come down further.

$GOOG has rejected at its 200 Day MA on its 1hr chart above and this isn't a bullish sign and while $AAPL etc have 3 very clear ABC wave counts for its Wave 4, $GOOG has only 2 waves so far, meaning...

$F TOP 20

Very little has changed this week considering the Detroit 3 have been constantly in the news as the UAW have ramped up their strike action.....but they have moved slightly on their demands and they are 'only' looking for a 30% pay increase.....both Biden and Trump have weighed in on this dispute ...

$DIS TOP 20

$DIS tested its Covid Low line at $79 and has bounced slightly, there is very little signs to show that this has bottomed or started its reversal, all we have is that it has bounced at this line and bounced at the bottom of the buy zone.

We will need to see more and I have expanded the wedg...

$COST TOP 20

$COST made a slightly higher high and broke above the double top level which I have shown here with two white circle, this is bullish and needs to hold above this level now.

I believe nothing is going to stop $COST moving up this impulse wave, the same way I said nothing was going to stop $...

$BTC TOP 20

Amazingly this is still holding up, in spite of $JPM announcement that they will not allow crypto buying from their accounts.

This is certainly a full fledge attack on $BTC by the most influential bank in the world and $BTC barely flinched.......I think the market is still assessing this in...

$BABA TOP 20

As long as $BABA is even slightly under the blue line and the wedge, there is always a possibility that this can move lower so we will tread carefully here....we would like to see this move up with the US Mega Caps but unfortunately for the two reasons said above, it is still looking slightly wea...

$AMZN TOP 20

I could not resist adding $AMZN at $123 this week, I spoke about this in TLI only telegram group and that I am happy to add here as this compliments my average and if this can come down to $120 or even lower at $113, I will certainly be adding again.

I am putting my money where my mouth is ...

$AMD TOP 20

$AMD got the bounce at the 200 Day MA and could not be anymore textboook if it tried.

As I said in the update at the end of the week, the 50 Day MA is mirroring the yellow trend line at $107 right now, so this is the important level to break out of and flip this level to a support line.