The Long Investor

$PLTR TOP 20

This is my Top Buy stock when it hits our target Fib levels between the 0.5 Fib and 0.618 Fib between $13 - $11.30.

We have been patiently waiting a long time for this to come in, since May effectively and it was certainly a test but we never chase and that has us in a situation now where a...

$NKE TOP 20

$NKE's share price is exactly on the yellow trend line right now which is taken from the Covid Low in March 2020 and the low in Sept 2022 and it is very close the 0.78 Fib as well.

The RSI on the daily chart is also down at 20 right now so this is very oversold.

$NKE has been weak for...

$GOOG TOP 20

There are times that I use charts and I am amazed with the information it gives me and the coincidences I see on charts.

$GOOG pulling back at the 2.618 Fib is one of those times.....it was very bullish at that time but 5 waves were present, so theory says that a pull back is next, so we ke...

$MSFT TOP 20

$MSFT, $AAPL, $AMZN, $GOOG, $TSLA and $SPY are all in the same boat together, desperately fighting to hold their respective support levels and the decline seems inevitable if I am being honest, unless something strong happens on Monday and they all rally together....what that catalyst is right no...

$INTC TOP 20

This weeks fake out was probably the worse fake out I have seen this year, the second worse one was also from $INTC in April.

We have not been convinced of $INTC's ability all year and the moment we think it has turned a corner, the moment it behaves exactly as $INTC always does.

We c...

$F TOP 20

$F is at an important junction here, the momentum has been behind it and any pull back during the week was bought very quickly but there is two glaringly obvious concerns here....

1. The 200 Day MA is a firm resistance line over the last 3 weeks and 

2. The 50 Day MA is just pass...

$DIS TOP 20

$DIS needed momentum and needed the Bulls to step in but unfortunately it picked the wrong week to find help.

Nothing was going to turn bullish and certainly not $DIS since that has been struggling to find buyers over the last few months.

So there was another attempt to stay above the...

$COST TOP 20

$COST is the one stock exception that has been holding up a lot better than others but the concern here is that this has not made a new high yet and we could be seeing a longer ABC and this goes the same way as the other stocks and comes down to the 200 Day MA at $515.....and where is the 200 Day...

$BTC TOP 20

$BTC has gotten a bearish cross on the daily chart with the 50 Day MA moving down through the 200 Day MA and in spite this, the price has been holding above our important blue line at $25k.

But this may be an indication that things will start turning bearish for $BTC.

That being said,...

$AMZN TOP 20

I am currently getting spoilt for choice at the moment because stocks I have been waiting for months to buy or add too have all decided to come down to their ideal levels to buy at, at the same time.

$AMZN is a company I have been adding to all year and stopped in July. Members that have be...

$AMD TOP 20

Another stock that this is firmly on our sights to buy too and this is at its 200 Day MA, I have seen a lot of members eager to buy this week but like I always say, be greedy for confirmation, so waiting for the 200 Day MA to show a sustainable support and a retest would be ideal here, as the mar...

$ABNB TOP 20

$ABNB has been 1 of 4 companies that we have been watching closely to buy but support does not appear to be in just yet, there is still selling pressure here and it is behaving in line with a lot of the Mega Caps too, failing to hold important Fib levels, this can come down to its 200 Day MA too ...

$AAPL TOP 20

On all of the Top 20 Charts uploaded this evening, I have added in the MACD indicator to help us see where the trend is on each chart and the market, you will notice that there is a common theme on all the charts and we can see that our charts are from different industries and markets but yet all...

$TMO - RC -

We can see 5 well structured impulse waves in green until the end of 2022 and we are seeing an extended corrective wave right now, it is not confirmed whether the corrective wave has completed in October 2022 but since the start of 2023, the price action has been consistently declining and making...

$URA - RC -

Uranium ETF and performing very well and since the start of the year and it has been a good hedge over the last 2 months too.

But Wave 4 has not come in yet and its Wave 3 looks very extended now, slight pull back during the week indicates that Wave 4 may have started already, like a lot of...

$PG - RC -

Requested chart but no changes to the projections here, I have added in the ascending triangle  as it is a bullish formation and we can see that the bottom trend line in the triangle conveniently follows the 200 Day MA right now at $149. So this would be a suitable area to find support and b...

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$SPY TOP 20

I am putting $SPY up early this weekend because I have spent some time on it today and wanted to focus on this without the distraction of having to upload 20 other charts too, as part of the Top 20 list.

The blue line at $431 did not hold this week and this made a new low so for the short t...

$RIG

$RIG is in one of those situations that it will continue to climb whether or not it is in the corrective or impulse wave. 

I am encouraged by the pull back in the middle of 2022 to the 0.618 Fib that this was a comfortable Wave 2 count.

So once the 1.618 Fib is reached at $10.20,...

$PSTG

Pure Storage, the boring play but it is still looking good, it is never going to make the headlines but sometimes these are the best companies to buy.

Another company that has a possibility of coming back down to its 200 Day MA before going higher but once it stays above the blue line at $2...

$ORCL

I remain bullish on $ORCL and the structure could not be more strict and neat.

We can see the 200 Day MA moving up to the blue line now so once $ORCL moves slightly sideways until then, we have a strong confluence level at the blue line with the 200 Day MA, this should offer support and mov...

$NU - RC -

$NU has been holding up quite well compared to a lot of stocks and holding its structure very well, it has lost its 50 Day MA but very much still in the Bull Case and following Wave 5 here, likely in Subwave 2 of Wave 5 right now.

We can see that the 200 Day MA is just at the blue line now ...

$TGT

Really is going down to the Second Target at $105.

When I first constructed this count, I could barely believe the price level it could fall to on some woke comments but the people have spoken and they did not like $TGT's
policies .....and I have to agree, they went too far with targeti...

$LLY

Last week I updated this and said that it was stretched and expect a decline, I know our sharp traders were on this quickly and this is already down -10% in a week.

We highlighted before that the 4.618 Fib has not been breached before and $LLY is no exception....in spite doing everything ri...

$TSLA TOP 20

$TSLA had a very weak finish to the day and week and has dropped aggressively out of the bearish channel and below the 50 Day MA, looking firmly to have the 200 Day MA in its sights now at $208.

I have no doubt that $TSLA bulls will step in and buy this if it can reach the 200 Day MA, espec...

$BAC

Financial stocks have been the main topic today and we can see that it is not only $PYPL, $SQ and $SOFI that are suffering, $BAC has had a firm rejection at the blue Head and Shoulders neckline at $29 and the downtrend looks confirmed now.

I have this moving down to $24's here and I feel th...

$DNA

Another stock holding the 0.78 Fib and just above the 200 Day MA too which is close to the 0.88 Fib.

$ARK funds have started to add aggressively this week as this pull back is so far holding the typical Fib levels.

It does not appear to be going much lower but I have not need seen any...

$SOFI

$SOFI appears to be suffering the same faith as $PYPL and $SQ and experiencing some short term pain, the higher interest rates for longer announced by Powell this week has not gone down well with the Finance stocks this week and these 3 stocks are certainly feeling it.

We also had Wave 4 in...

$FSR

$FSR the heartbreaker. Not handling the pressure and not getting the support today when many stocks are getting some relief.

We can see however that it has held on the support line in an ascending triangle right now, so it has still held its structure and it is still in a bullish formation ...

$OXY

$OXY has been performing a lot stronger than most and has just been testing the 50 Day MA and still above the 0.38 Fib still too.

Oil prices remain a talking point with many believing the price will continue up to $100, this will directly benefit $OXY's share price.

The 200 Day MA is ...