The Long Investor

$SPY TOP 20

I uploaded this chart towards the end of the week and it is worth having another look at it.

The main point to take from this chart is that I believe the upward trend will continue, Wave 5 still has a long way to go to $500 and the count is moving through the motions of an impulse wave.

$QQQ TOP 20

$QQQ thankfully does not look like the $AAPL chart and it looks a lot stronger and not at the same risk of making a potential new low for Wave 4. Last week it experienced a pull back but standard within the structure.

The price also finished exactly on the 50 Day MA too which is still confi...

$PYPL TOP 20

$PYPL is my largest position and I have all the time in the world to wait for this, as long as it stays in this structure I am happy.

Many want their stocks to move higher immediately but I like to see a base formed with strong foundations and if this wants to slowly move higher, I am comfo...

$PLTR TOP 20

Structure is behaving as expected and we can see a bearish channel here which usually breaks down and continues in the same trend as it entered.

The plan here remains the same and this is firmly on my radar as one of my next buys, this and $ABNB are my Top 2 right now, followed by $AMD.

$NKE TOP 20

Looking weak here and the trend is clear, moving down and comfortably below the 50 and 200 Day MA here.

I like $NKE and their brand but their corrective wave decided to come in early and this did not follow $META and $NFLX higher first.....possibly from the news that their sales in China ha...

$MSFT TOP 20

$MSFT has started to break away from $AAPL here and managed to finish the week above the 50 Day MA by just $2.
Still more work to do but it is in a comfortable position, whereas $AAPL is still at risk of making a lower low for Wave at $165.

I have however added a potential Wave 4 here (w...

$INTC TOP 20

$INTC has done the impossible!! It has broken above the resistance line and for the first time in a number of years, this is starting to look bullish.

What will confirm this now is a retest of the trend line from above at $37 and this will confirm the bull case and we can expect this to mov...

$COST TOP 20

This was updated during the week to highlight that I believe the ABC correction is in and should start moving higher again.

The price continues to perform well and has been using the 50 Day MA as a support level.

I believe $COST will have no issues continuing its move higher to the Fi...

$BTC TOP 20

Bitcoin has not moved all week and so the plan here has not changed, it is still above our bull case blue line but we can see here that the 50 Day MA is about to cross down through the 200 Day MA which is a bearish indication, so if this is going to move down, it is going to happen soon.....howev...

$GOOG TOP 20

$GOOG and $AMZN continue to be rocks amongst the Mega Caps but the $GOOG chart is slightly concerning me now because I can see Wave 3 complete and in my last post about $GOOG I mentioned that I believe something my affect its chart but I could not explain what that is so I did some research and f...

$F TOP 20

Very happy to see that $F found support at the bottom of the large yellow wedge, it has since bounced and is now sitting on top of the wedge trend line again. It is in a good position to move to the upside next but will need to get above the 200 Day MA next at $12.75 and then will need to negotia...

$DIS TOP 20

Tough week again for $DIS, not showing signs of testing the yellow wedge line again and we can see that the price action is moving down to the blue Covid low line at $79.

This will be an important level to observe and there is a possibility that support can be found at this level too....fai...

$BABA TOP 20

It has been a bit of a rollercoaster and those holding Chinese ADR's should be used to this by now.....even if it isn't enjoyable.

The structure is still in place, the price is still above the blue line, still in the wedge and just at the trend line and still in the current projection.

$AMZN TOP 20

My star performer continues to hold strong and sitting along the 50 Day MA for support.

It doesn't appear to be following many of the other Mega Caps, apart from $GOOG but even then, I believe $AMZN will continue to be the strongest Mega Cap in the market going forward.

My plan remain...

$AMD TOP 20

Updated during the week and we can see that the 50 Day MA has held this down and we also observed that $TSM got pulled back with $AAPL's tough week, as they are the main supplier of chips to $AAPL.....all three may have been affected by this, as $TSM and $AMD are closely linked.

That being ...

$ABNB TOP 20

I have been very vocal about how bullish I am here and I want this to come down to buy, this is the daily chart so it is difficult to see the 5 waves up but we are likely in small subwave 1 of wave (iii) here and we still expect a small subwave 2 to pull back, I have added in potential white fib ...

$AAPL TOP 20

Difficult week for $AAPL and although it maintained its structure, it finished the week just holding the 0.887 Fib, so it has no choice but to hold here or it comes down to the 200 Day MA at $165.

Like I said in my last post, I will be going in heavy if it does go down to this level.

...

$W - RC -

Another stock that has been glued to our projection and in its Wave B count according to our movement.

Again it is not a stock I would be chasing here into believing that this has started its reversal, I also give this a slim chance because I can see 5 waves up in its impulse wave......even...

$GCT - RC -

Has just snuck above the 1.618 Fib so it may have a little more in its tank before pulling back for its ABC correction.

Wave 5 is set at $16.80 now at the 2 Fib which is the standard level for Wave 5 to end.

The structure is not overly strong as there has been wild swings over the las...

$NKLA

$NKLA has really struggled since its explosive jump from $0.50 to $3.75 and is pulling back to be expected but it has also lost its 50 and 200 Day MA on the daily chart, it is crucial here that $NKLA can hold its previous low again.

If it does not, then that pump and dump was coordinated fo...

$IONQ

Tough day for $IONQ yesterday but there is no changes to our chart here, like $DKNG and $FUBO, we believed they are in their corrective wave now and the aggressive bounce was nothing more than Wave B and we are seeing the start of Wave C now for $IONQ.

50 Day MA is just below at $15.50, los...

$FSLY

Another stock that remains comfortably in its impulse wave and half way through its Wave 3 now.

Well above its 50 and 200 Day MA and above its channel too and continues to make higher highs and higher lows.

It doesn't matter what the company does or how boring it may be, buy the chart...

$DKNG

Careful not to be sucked into this, this has been a very clean Wave B bounce and nothing more than to suck people into believing that this is reversing to make new highs again....I give it a slim chance of this happening. I see the same thing happening on the $FUBO chart too....I can see Wave C p...

$CAT

I am just drawing your attention back to this again because I see nobody talking about it but the chart has been immaculate and showing bullish indications all round.

It doesn't matter if a stock is slow or boring, it matters what trend it is on and this is comfortably in its Wave 3 now. 2023-09-08 10:39:30 +0000 UTC View Post

$DNA

How much are we loving this $DNA chart so far?

Award for the best behaved chart is a toss up between $PLTR and $DNA.

Watching the 200 Day MA here next as a potential support but we could see Wave B start at any stage now, once we get 3 waves in Wave B, we can expect to see a final Wa...

$INTC TOP 20

$INTC has certainly passed the first test, it has broken above the resistance level that has been in place since June.

The second big test will be a retest of the line from above, so if we can see a retest at $37.15 and the price holds above this line then we are into the bull case and the ...

$PLTR TOP 20 - WATCHLIST -

We said at the start of the week that $PLTR is one of 4 stocks that we are watching closely anD the plan here remains the same.

I expect a new low to be made here and the price will go below Wave A at $13.70

Once the price goes below this level, members who are interested in this shou...

$PFE

Moment of truth for $PFE, it hit $34.04 yesterday and the 0.78 Fib is at $34.02...this is a critical support line that $PFE needs to hold.

Exact same for $PYPL when it needed to hold on its red trend line in its wedge and for $BABA holding above the blue line.

Breaking below this stru...

$BABA TOP 20

Broad market sell off yesterday and most Chinese companies were affected heavily too.

Back down to the wedge trend line again and held, this was also above the blue line support level too.

This blue line is the bear case trigger, so we want the price to stay above this level.

Ot...

$NIO TOP 20

Very little chat in the Telegram group about $NIO's tough day and I am glad to see this, those that are very familiar with this chart by now realise that there was every possibility that this could continue in this bottoming arc before it could go higher.

My plan still remains the same here...