The Long Investor

$TSLA TOP 20 UPDATE

I have added in the red impulse wave here again as the $268 level has been lost again, post earnings on concern of diminishing margins.

I believe that as long as the price is below $268 that there is a risk of this coming down a lot further.

I have provisionally added in the red corre...

$LYFT - RC -

Overall $LYFT consolidated between Feb to July and finally broke above the 200 Day MA last week and has since retested and so far has remained above the the 200 Day, in spite of a -6% drop yesterday.

The impulse case is valid here as Wave 2 pulled back to the 0.5 Fib exactly on the 50 Day M...

Important note

After going through all my charts tonight, it surprises me how much chatter and surprise there was in the Telegram group of this pull back today.

95% of the members were not chatting however.

Let's remember what we are doing here.

We are long term investors, we wait, we buy and ...

$AMZN TOP 20 UPDATE

Refer to my commentary on $AMZN on the chart I uploaded of this 16 hours ago.

It nailed the price action today.

$ABNB TOP 20 UPDATE

Very interesting to see.

As many of our charts were topping out at Wave 3 and now entering Wave 4, we did not have this count for $ABNB and it was completely unaffected by the market today because of this.

This is why I like being individual stocks and not the market most of the time....

$KO TOP 20 UPDATE

How very typical of $KO to have a good 2 days when the market is feeling a pull back.

Above the 50 and 200 Day MA here and just testing the red trend line. A break above here and this will confirm Subwave 3 of Wave 3.

$KO remains the safe haven to keep your money safe while the market...

$FUBO

Another stock pulling back, likely in Wave 4 too, not seeing any concerns here too, the structure so far has been controlled and only one strong move up, which happened in Subwave 3 of Wave 3 too so this is acceptable.

A lot of stocks entering Wave 4 now, a lot of opportunities. 

$EL

Is working its way down the Fib support levels, now, initially on the 0.38 Fib, then the 0.618 Fib and today exactly on the 0.78 Fib.

Last Fib level is 0.887 at $178.60, if this is lost then the previous low at $175 is the only support level left.

Any loss of this blue line will need ...

$COIN

No changes to the chart here, hit the blue line and rejected heavily at our Wave 3 level and down -8% today, also in Wave 4 now too.

Looks good for the pull back to continue, pending no strong aggressive moves from $BTC in the meantime.

$BAX

$BAX does not care what the market is doing because it is doing its own thing.

That double ascending triangle we highlighted 2 days ago is showing how strong it is.

Up 3% today after a difficult red day in the market, looks good here.

$SQ

Very similar to $PYPL, I expect both charts will continue to mimic each other so pick with company you prefer....I've bought both but weighted heavier in $PYPL.

A pull back and hold here at $73 would be ideal before going higher.

$SQ & $PYPL may benefit greatly from the Nasdaq 100...

$PYPL

We anticipated this move and this chart has not changed, we expected $75 to hit and the price ran to $74.68 this week and has pulled back since.

When charts behave as we expected, even if they decline, it means we can measure and track it, then we can take full advantage of pull backs.

$ZM

Ok I am just in from work and went through all of my regular charts to see if anything has lost structure and nothing is sticking out, in fact many of our stocks were due a pull back, particular their Wave 4 and this is likely what we are seeing.

I highlighted during the week to expect a pu...

Chart Requests

Folks,

We are seeing high growth in this group right now and I want to maintain the high standard of our charts.

I will not trade quality and standard for high quantity of charts.

I will continue to accept chart requests from Tier 2 members but I will not be accepting charts w...

$AAPL TOP 20

$AAPL has now hit our Wave 3 target at $197 and rejected at this level yesterday and down to $193 in the PM now.....$AAPL certainly has the force to pull the market down for Wave 4....my thoughts are that Small and Mid Caps will benefit from this over all move down.

So $IWM could move highe...

$LULU - WATCHLIST -

I highlighted this chart last week because I really like how it was forming and said that we have an ascending triangle and to look out for the break out.

Yesterday we got just that, the price has just raised its head above the trendline and this could move very fast shortly.

This is ...

$CVS - Previous COTW

Slowly but surely, all our COTW's have performed as we expected.

$PYPL, $BABA, $ZM, all performing well....and $SE bouncing well from its low.

$CVS is looking impressive now, broke out of the buy zone and smashed through the previous high.

I have added in its impulse wave here, ...

$ZM - Chart of the Week (COTW)

Doesn't our COTW of the week look very good indeed.

$72 was important to us, getting above the previous high which is our blue line and above the 200 Day MA.

Yesterday the price pushed higher to $75 and then was pulled back along with the market. Nice finish just below $74 to end the ...

$FSR

$FSR green in a sea of red right now in the PM.

Wave 2 bounced exactly at the 0.5 Fib and the 50 Day MA on the daily chart, it was a short Wave 2 and on the daily it is not clear at all that there is 3 waves present here, so if the price action can go above the previous high at $7.23, then ...

$AMZN TOP 20 UPDATE

$AMZN continues to be on track to hit the 1.618 Fib at $140, leading right up to earnings next Thursday, on the 27th.

I expect Wave 4 to come in soon, the $SPY and $AAPL chart are both indicating that it is due soon too.

With $AMZN, I really want to add more around $120, I am bullish ...

$NIO TOP 20 UPDATE

I think a lot of you are going to know what I am about to say here.

$10.74 needs to be recaptured and this needs to stay above this line.

I am still happy to see this comfortably staying above the 200 Day MA and yesterday was more about pushing higher, as opposed to testing the 200 Da...

$BABA

If this was any other chart from the US, we would be very happy to see that the price is holding above the 200 Day MA, making higher highs and higher low, and Wave 2 held the 0.65 Fib level....let's not get distracted by the noise because this chart is looking good.

I have attached a Reuter...

$SPUS - Sharia compliant SPX

Tracking very closely with our $SPY chart and I expect this to also top out towards the end of the year at $36.

Nice entry point here would be to wait for Wave 4 to come in and enter at around $32, to catch a 15% increase for Wave 5.

$NIO TOP 20

Few concerns voiced yesterday about $NIO but the fact remains, the price is still above the 200 Day MA and testing from above.

I get the worries, $NIO has broken many hearts on this ride down. We will believe the full reversal when this starts moving higher.

The PM performance so far ...

$TSLA TOP 20 UPDATE

$TSLA has its earnings report out after the market closes today.

This is a big report, because the price action is showing a large run up, very aggressively and approaching the last trend line defence between $298-$300.

This has barely let off any steam since the end of April.

$...

$SE

Small inverse head and shoulders forming now. The 200 Day MA has been a big influence here, we can see that it was a resistance level in June and again last week.

I think, once the price action can hold higher than the previous low, we have some momentum to the upside.

I am watching t...

$PFE

I am still watching this in the back ground....getting very very tights leading to the 0.78 Fib, the apex of the wedge and the earnings report on the 1st of August....this is certainly a confluence area.

I am still bullish on $PFE in the long term and this has fallen off a lot of peoples ra...

$OXY

I uploaded this yesterday and said that I was very happy to see this hold above the wedge line, this is what we always want to see, a retest from above, getting above the 200 Day MA next at $63.30 will be the big test now, staying above this level and we have our trend reversal confirmation and I...

$NKE TOP 20 UPDATE

$NKE has been battling, it has bounced above the previous low and it needs to negotiate through the 50 and 200 Day MA now to really turn this around.

We do not want to see another rejection at the 200 Day MA, if this happens, this could be coming down sooner than we would like.

Below ...

$FUBO

Nice pull back and it was needed, likely in Wave 4 now, looking towards the 1 Fib as always for the Wave 4 support line at $2.65 before we see this go higher for Wave 5.

This chart and price action has been great.