The Long Investor

$DAL

Another stock, like $ABNB which has been holding well and its price is still in between the 50 and 200 Day MA, a flip of the 50 Day MA to support is a big statement here and confirmation of Wave 5, so holding above $45.30 would be the trigger.

If this can move higher now, then I expect $LUV...

$LUV

So far $LUV has bounced where it has needed too, exactly on the trend line and at the 0.78 Fib, this is where it needs to build on this and generate some momentum.

It is already in the oversold territory and below the 50 and 200 Day MA, flipping these moving averages to support will be a bi...

$AMD TOP 20

Regained the 0.38 Fib again and there is a battle going on to maintain it, as the battle continues the 200 Day MA keeps slowly moving up, maybe it will come up to meet the price action if it continues sideways.

If I see a test of the 200 Day MA and it holds, I will add here.

$COIN

Yes this did exactly what we said it would, bounced from our Wave 3 target to our Wave 4 target, as expected and has so far been rejected by the 200 Day MA on the 1hr chart twice now.

The count continues as shown, there still looks like there will be another leg down for Wave 5, this is con...

$DNA

What a chart this has been. Held the 0.65 Fib level 4 times and stayed above the moving averages on the 1hr chart and when a positive catalyst like a partnership with $GOOG was announced today, it bounced very well for +25% gain and looks like it is in Subwave 1 of Wave 3 now....the next question...

$ABNB TOP 20

Very nice move today, initially bouncing on the trend line and the 0.618 Fib, retested again and bounced very strongly.

A lot of stocks are enjoying some green today but this is still needed to complete Wave B of the market bounce too, so its misleading in that people may think this is a re...

$FCEL - RC -

Talk about keeping it tight! $FCEL hit exactly on the trend line of the wedge and found support, it will need to battle hard to keep this support line, below this line and it certainly is in trouble....a bounce from here will give this a fighting chance to move higher and eventually break out of ...

$BABA TOP 20

In our weekly update over the weekend, we said that we need $BABA to start recovering early this week to show some strength or it is at risk of losing the blue line support......and yesterday we saw the blue line defending very well again and the price broke back into the channel again.

Ver...

$NIO TOP 20

We have the making of a clean Cup and Handle formation here with $NIO, a smooth decline, nicely rounding out on the 0.618 Fib and slowly starting an upward move.....the only variable of course is the earnings report today, quite a big variable to be fair too.

I like how the price ended the ...

$RIOT - RC -

This has been a pretty gruesome pull back for $RIOT, which leads me to believe that Wave A and B were quite short in July and the pull back since then has been a long extended Wave C to finish Wave 2.

This is also backed up by the price coming all the way down to the 200 Day MA which is jus...

$PLUG - RC -

No changes to the $PLUG chart, it desperately needs to find support soon, it has been rejected heavily by the trend line and the 200 Day MA and has lost the 50 Day MA as a potential support line over the last 2 weeks too.

Best case scenario is that this holds at the amber line at $6.60........

$MELI - RC -

Holding its structure still very well here and staying above the 50 and 200 Day MA here too.

There is also a possibility that this can come down to the 200 Day MA next too and hold here for Subwave 2 before going higher to finish the year at $1550 at the 1.618 Fib.

A nice structured c...

$SOFI - RC -

Battling like a lot of stocks at the moment to hold a crucial support line, which is in between our two blue lines at $8.20 and $8.50

Unfortunately the 200 Day MA is a good bit lower at $6.60.....unlikes $PYPL and $SQ who are both well below their 200 Day MA right now and undervalued.

$ROKU - RC -

This looks misleading because it gives the appearance that this is moving higher in an impulse wave but it has not been.

We can see that from the 3 waves up, the WXY, they each contain 3 waves each....and Wave Y has a number of waves that overlap each other, making an impulse wave impossi...

$GME

Lost the long wedge trend line and now testing from below to see if it can be recaptured, if it is rejected here again then this confirms what we already think.....that this will follow the same fate as $AMC and drastically decline.

We can also see that the 50 Day MA is about to cross down ...

$FUBO

Holding at the 0.618 Fib, which is our Wave A target and also the 200 Day MA and bouncing, moving very well here.....for what I believe is a Wave B bounce before going lower to complete Wave C.

There is very little in $FUBO's pull back since $3.85, to suggest that Wave B is in already, so w...

$DNA

Is fighting strong here, now sitting on the 200 Day MA and having a good day today, up +6% for the day so far.

We have been very impressed with how this is moving and in a very controlled manner, holding at the 0.65 Fib has been something we have been watching closely.

Getting above t...

$MGM

Another retest of the 200 Day MA and holds, this happened at the very start of June too and it bounced up to the previous high, which is at our blue line.

Since then, $MGM has been making higher lows and forming an ascending triangle.

As long as the 200 Day MA is held, this can test t...

$ZM

I am watching $ZM reclaim the 0.618 Fib for support and we have the 50 and 200 Day MA above at $68.80 and $70.15. These levels will need to be recaptured again for this to show momentum to the upside.

$ZM has announcement two new event features on their mobile app today, it may take a day o...

$AAPL TOP 20

What happens with $AAPL, happens with the market.

$AAPL's pull back is almost mirrored in the market, we are not surprised by this as we have seen this happen all year.

So if $AAPL pulls back to the 200 Day MA, which appears to be moving fast up to the yellow trend line where I have W...

$XPEV

I spoke about the $DIDI EV sale to $XPEV in the $NIO post and so far $XPEV has been performing well to this news....even though this dilutes their shares by 3.25%, however it does help accelerate their growth.

$XPEV has been working hard in the background forging partnerships and addressing...

$NIO TOP 20

It's another Monday morning and $NIO is green in the PM, most days last week $NIO started the day in the PM green but finished flat for the day, for me, this was a positive as it maintained a crucial support line for the week too.

Chinese policy makers appear to be making a habit of announc...

$TSLA TOP 20

$TSLA has bounced at our Wave 3 level and for the 10th time tonight, it is also in between the 50 and 200 Day MA.

Few things we can take from this, that all of these companies are moving together and when this does reverse, we will likely see them all move positively together too.

Unt...

$SPY TOP 20

Like a lot of companies and the $QQQ, it rejected at the 50 Day MA this week and this was also the yellow resistance line.

The price is now in between the 50 and 200 Day MA.....this has been a common theme all night.

I have put Subwave 4 at the bottom of this white circle, as this is ...

$QQQ TOP 20

The best case scenario here is that Wave 4 is complete now, as the Wave 4 pull back was exactly the same length as the Wave 2 pull back and it found support on the 1.27 Fib at $353.

The worst case scenario is that this is a dead cat bounce and rejects again at the 50 Day MA and at the 1.618...

$PYPL TOP 20

I update this quite regularly so I think we all know where we stand here, I have trebled my position in $PYPL since this went below $60 and I am fully committed to this.

Am I waiting for this to return to its former glories and achieve new highs? more than likely not, but I will be reassess...

$PLTR TOP 20

A lot of people are waiting for this to come down to our Fib targets between the 0.5 Fib and the 0.618 Fib, $13-$11....we can see again that the price is in between its 50 and 200 Day MA, so the 200 Day MA is the next level I will be looking for support.....this looks to be heading for the 0.618 ...

$NKE TOP 20

$NKE had the toughest week and in my last update I made it clear that it was unlikely to hold and a decision needed to be made whether or not you wanted to sell and cut your losses or hold until the buy zone is found and add to your position.

I am not seeing a lot of people talk about this ...

$MSFT TOP 20

Another company that has an outstanding year to date and really felt the pull back since July, one of the strongest earnings reports of the year too and again we can see that the 200 Day MA is moving up to the 1.618 Fib as a potential support line....what I can see from a lot of charts is the sam...

$INTC TOP 20

Another stock that looks like it may need to test the 200 Day MA before it can find support.....we can see that the 200 Day MA is creeping its way up to the 0.618 Fib at $30.78, if the market has another tough week, I believe a lot of stocks will be trying to find support at their respected 200 D...