The Long Investor

$ABNB TOP 20

Big flush here at the opening and pulled back exactly to where we set the white fib level at $123. It is still early to say but if it can hold this level then it is in a good position, especially on the outside of the wedge.

We need the tech market ($QQQ) to hold support soon now to give th...

$F TOP 20

The 0.65 Fib is at $11.70 and held $11.72 today with the opening flush of sells and has bounced since.

If $F is going to reverse, now is the time to start showing this.

50 Day MA is just above at $12.15 and breaking back out of the wedge will be at $12.30.

Holding above the wedg...

$QQQ TOP 20

Hit $355 at the opening and we are watching for $353....I can see an aggressive flush aswell too and went down -1% which was very fast for the opening few minutes.

We could start to see the end coming in soon, whether it comes in the form of a relief bounce or Wave 4 completing is something...

$PYPL TOP 20

Juts below the blue line now in the PM and very close to the red trend line now which is at $56.60.

A lot of people are watching this trend line for support.

Below this line and $PYPL is very weak.

If if see support here then I will be adding to my position but only when support...

Note

Remember the stocks that you hold are only relative to you.

You may see your stocks declining and feel as though it is only your portfolio that is down but that is not the case. The vast majority of stocks are down, even the Mega Caps that are fundamentally stronger than most countries are ...

$BTC TOP 20

Big flush out yesterday after Space X reported they sold their $BTC holdings which may seem like an overreaction but really, this is signally to the crypto market that companies that are struggling (and a lot of companies are struggling in the market at the minute) would prefer to offload their h...

$BABA TOP 20

Back down to the blue line again in the PM and has held here so far.

The pressure is mounting on $BABA and Chinese stocks, the market has been optimistic since June, where $BABA has gone from $77 to $102 on the anticipation that China would make an announcement relating to a stimulus packag...

$NIO TOP 20

If that was the relief bounce we were expecting from $NIO yesterday, it was very short and short lived, nevertheless, it was a break against the trend and Wave 4 could be completing its 3rd wave now.

We can see on the hourly chart above that $NIO hit the 200 Day MA from below at $12.40 and ...

$AI

I have just uploaded the $PLTR chart and we can see how much pressure it is under and the $AI chart is worse off.

I have eliminated its impulse wave as this has been strictly following our corrective wave down.

This is different to $PLTR due to the fact that $PLTR had 5 waves up as an...

$PLTR TOP 20

I have circle in white an area on this $PLTR pull back it is of interest to me and us.

It is a flat area and although very short and a slight reverse of trend, it has the smallest chance of being our Wave B wave.

So it is important that we watch where $PLTR find support.

It is h...

$TSM

$TSM and $AMD have been doing exactly as projected and this is very attractive here as it approaches the 200 Day MA at our Wave 2 point.

This is a strong confluence level and $AMD is showing the same so pick as you see fit.

If it does not hold the 200 Day MA then I suggest you wait un...

$TAN

Last time this was uploaded was in May and we said it would come down to this level and test the previous low.....a few months later and it has done just that.

Now, it needs to hold the blue line at $55.60, going below this blue line will be very weak for $TAN.

I do believe this will ...

$SPCE

High risk here but just drawing it to our members attention that this has come all the way down to our support level now, our finally support level is at $2.50.

Considering $SPCE are they only real players available in the 'traveling to space' market right now....this is probably reasonable...

$ORCL

No changes to the chart but it is worth a reminder considering how strong it looks.

Once $ORCL stays above the blue line at $106, a test here or support will confirm the upward trend and Wave 3 is next at the 1.618 Fib at $169.

$CVNA

When Wave C ends high, especially after making a number of parabolic moves, watch out down below because 5 nasty corrective waves follow and there is no changes to this chart.

It is following our count nicely and I expect the pain to continue for $CVNA.

$CROX

On the 9th of August I suggested that shorting $CROX would be the easiest money you could make......its down -14% since then and still looking very weak.

I don't condone shorting but some members enjoy it.

$SPLK

Holding its structure and feeling the pressure as is every other stock right now.

Likely will come down and test the 200 Day MA at $94, a hold here or just below at the trend line and Ops is normal, this can continue its move higher and complete its impulse wave, Wave 3 target is $155

$WBA

In comparison to our $CVS chart, $WBA was already expected to decline further.

We prefer $CVS to $WBA, solely down to their fundamentals, as they are a lot stronger....but I do believe both companies will need to slightly pivot some operations soon, what that is, is anyone's guess.

$TLT

Nearly there.

$GME

If $17.80 is lost, the party is over.

When there is a number of fundamentally and technically strong companies on sale right now, you could not logically think that buying $GME could be a better option.

That is gambling.

$CVS

$CVS taking a serious hit today after Blue Shield of California decides to reduce its independence on $CVS for managing its pharmacy needs.

Blue Shield is under scrutiny that they are causing healthcare costs to rise and this separation from $CVS and a number of other distributors may be a ...

$ABNB TOP 20

This is what I am watching for $ABNB now, a pull back to the yellow line which conveniently is the 0.618 Fib, a hold here and this is very bullish and we can expect this to be Subwave 2 of Wave 3.

Next will be Subwave 3 of Wave 3....the most aggressive wave.

We need to the market to g...

$SOFI

Just slightly leaving the falling wedge now after going right down into the apex.

It is so far holding the blue line and it desperately needs to hold this level to maintain this structure, it has a lot of work today and we can see with $PYPL and $SQ they are struggling today.

A break ...

$EH - RC -

$EH has been performing very well this year after having a difficult start to the year, which we can see was an ABC pull back to the 0.618 Fib and held very well.

Since then it has broken above the previous high, at the blue line and is coming back now to test this line from above, testing ...

$AMZN TOP 20

Broke out of the bull flag during the week but did not hold above and has been moving down the bull flag since.

The 200 Day MA is just below at $133.60 and may offer support.....this is the only stock I would have no issue tanking hard so I can put my house on this (not literally).

It...

$PFE

Needs to stop flirting with leaving the wedge and holding above and just needs to do it...we can see that the 50 Day MA is exactly on the wedge trend line at $35.81 now.

So the price needs to stay above this line, we can see last week that the price could not stay above the 200 Day MA above...

$NFLX

Head and shoulders pattern has been forming around the Wave B point and I have not been bullish on $NFLX for some time here....in spite the run its been on for this year.

I believe there is more downside in the short term to the yellow trend line, which is just above the 200 Day MA, I think...

$OXY

Slow and steady $OXY found support on the 200 Day MA today and has bounced since.

The plan remains the same here, a break above the previous high and the high in March at $66.50 is the remaining hurdle but I do not believe this is going to be an issue breaking through.

Not a lot of st...

$COST

Even the mighty $COST has been feeling some slowing momentum over the last few weeks but still looks very comfortable in this upward trend.

The 200 Day MA is coming up here now to try and offer support on the 1hr chart.

Support could be found here and the upward trend will continue. 2023-08-17 14:09:44 +0000 UTC View Post

$PYPL TOP 20

The pain continues for $PYPL and it looks set to test the red trend line, which has been a support line since July '22.

It goes without saying that this needs to hold support here.

I can not explain the overly excessive selling pressure here but what I do believe is that we are fallin...