The Long Investor

$WYNN

In line with other cyclical stocks; hotels and airline stocks are performing well together. This is also why we have bought $ABNB and $DAL.

Nice breakout of the wedge here and retest from above, it found support and bounced, classic textbook structure so far.

We have a few members w...

$IQ - RC -

A lot of potential Wave 3's about to start now, the market appears to be shaping up for a run, certainly in the small/mid cap stocks.

Nice set up here, needs to get above the 200 Day MA first and the next test will be the 50 Day MA but this will further strengthen the impulse structure if i...

$VRM - RC -

Nice before and after here.

$PYPL

Good Fundamentals.

Excessively sold.

In the Buy Zone.

2-3 year projection looks good.

Set up needs to continue to show signs of reversing and so far it's behaving as it should, a pull back to $61 - $62 and the 0.5 Fib to 0.618 Fib and holds then this will be a great add fo...

$TLRY - RC -

$TLRY is not in a good position, I spoke before of the importance of holding the blue line and staying in the wedge, when it lost both supports, it came crashing down and is struggling now to find support, I have added in potential support levels to watch out for. Back to back negative earnings h...

$PLUG - RC -

$PLUG continues to behave as expected, moving up this final wave here now. But I am also open to the possibility that if $PLUG can break out of this wedge and there is no reason why it shouldn't, we could see substantial movement to the upside and I can eliminate this red corrective wave.

T...

$DNA - RC -

5 Impulse waves could be complete now, it may extend a little further but the 200 Day MA acted as resistance level into the close at $1.93, we will see if it can go higher but I would not be surprised to see its corrective abc wave count next, this is healthy of course and a pull back to the Wave...

$CVS

I am watching for signs of reversing here, I have wave c and Wave 2 finishing at the 0.78 Fib at $64.6, but I am open to the possibility that the bottom could be in here and it is starting its move in Wave 3 now. 

In my last $CVS update, I said this was a company I highly recommend as ...

$SOFI - RC - Subwaves added.

Continues to perform well, breaking above the blue line and into the bull case, I have added subwaves here for Wave 1, the concern of course is the almost vertical move here since the low at $4.50 to $9.30....the important wave now to watch will be Subwave 4, if it can pull back and hold above th...

$SPY TOP 20

Breaking out slightly here above the blue line as the market comes to a close, the market is appearing bullish leading into CPI figures tomorrow, the general consensus on the street is that 4.1% is the likely outcome....I think if 4.1% is reported or lower, then this could push the $SPY above the...

$RIVN - RC -

Trying to hold the 50 Day MA here, I think for both cases, it needs to pull back more, if this is Subwave 2 in green, it is not complete and Wave B in red would need to pull back close to the previous low in order to move as a corrective wave.

Bulls should be happy as long as this stays ab...

$SE - CHART OF THE WEEK - COTW

Broke above that important 200 Day MA today, which we have been waiting for since this has found support on the 0.65 Fib at $57.79.

We need this to hold above $64.10 and this is in an excellent position to move higher and continue on Wave 3.

$FCEL

Textbook here, broke out, pulled back to retest the wedge and held the 50 and 200 Day MA and then bounced very hard. Very nice here, this is exactly what we look for when we say we want to see a breakout and hold, and a retest is confirmation of holding. 

$ABNB TOP 20 UPDATE

Making a higher high today, so it is not ready to pull back, corrective subwave has been removed and that's perfectly fine with us if this wants to keep moving higher before it pulls back....the structure is very nice and not sharp or showing any parabolic moves, we will take this every day.

$LCID

Just at the previous low level now, trend is still downwards, below the 50 Day MA and not showing an signs of reversing yet, if the previous low is lost we should see our $5 target that appears to be taking an eternity to come. 

$LCID is not a company I am considering buying at, even a...

$COIN

Rejected at the 200 Day MA here and the 50 Day MA has just crossed down through the 200 Day, which is a bearish indication, big test now coming up will be at the wedge trend line in yellow, needs to hold here....if it doesn't, early $30's is possible next.

$NIO TOP 20

Little mid day update, two aggressive bounces over the last few sessions and a strong decline, todays bounce has not made a new high and the 0.887 Fib at 8.80 is a historical Fib line which is taken from the all time high and the all time low, what we are seeing here is nearly 3 tests of this res...

$ORCL - RC -

Nice break above the previous high and blue line, structure does look good here for more upside and it is favouring the Bulls, earnings after the close today and this has already broken into a bullish area, meaning the market could be confident of a positive beat. Holding above the blue line now ...

$BABA

Nice formation here leading to a potential breakout, ascending triangle forming overing the last few days as it prepares to make a move, a break above and hold above the wedge line and this could move fast. I am watching for a break above $87 and holding.

$SE - CHART OF THE WEEK

I am going to trial this for awhile each Sunday, I will add a chart that I think we should watch closely for the week ahead with the best set up.

Very simple idea, I'll choose a chart that has an ideal set up, my priority will be to find the start of Wave 3's, that have shown support after ...

$LULU

Can anything stop $LULU's massive cult following and rise?...it's clear that they are doing everything right. Chart looks good, brand is executing excellently, product is great and margins are fantastic.....this has held above the trend line again, very positive looking chart here.

$HD TOP 20

This has still moved sideways between the parallel range at the 0.38 Fib in White and the 1.618 Fib in Amber, finished the week just below the 200 Day MA but momentum has been behind it lately.

I have added in an impulse wave here incase this can break out of the range. I have also added in...

$ZM

Finished the week above the 50 Day MA and finding support above the blue lines a number of times this week, I continue to like $ZM's set up and I believe it is just $MSFT Teams and $ZM as the leaders in this very important market, their growth should continue.

I have no issue seeing $ZM acc...

$SPY TOP 20

On the $AAPL chart I spoke about how this is at an important junction here at the historical 0.618 Fib, Golden Ratio line, which is the middle blue line here and the previous high.

This is an important line to break above and hold, so far it has rejected but the momentum is still here, the ...

$TSLA TOP 20

Back to back positive news flowed in for $TSLA this week, likely to benefit greatly from being the wholesaler of its charging network to $F and $GM...I suspect more car companies will need to avail of this network too.

I have seen a number of projections showing that this count currently is...

$PLTR TOP 20

Big week for $PLTR and we documented it, hard rejection at the $17.15 line after going parabolic and getting to our Wave 1 target months ahead of my conservative projection. Like I said during the week, this has brought my Wave 5 target forward now and it may come forward again, depending how its...

$NKE TOP 20

This week $NKE was able to stop the bleeding and find support around the 0.5 Fib, it has not recaptured it fully but buyers stepped in before this could make it to the 0.618 Fib at $100.....$NKE at $100 is going to be attractive for any investor, so it is not a surprise to see buyers step in a li...

$MSFT TOP 20

Pulled back this week after hitting the 2.27 Fib, not quite at its All Time High line like $AAPL was but both of these companies are moving in sync, a pull back from one will likely affect the other....and $AAPL pulling back after hitting its own All Time High line is an important junction for it...

$KO TOP 20

Nice structure so far since bouncing on the 0.78 Fib in white, pulling back now and holding the 0.618 Fib so far for what could be a smaller subwave 2, big test next here will be getting above the 200 Day MA which is just above at $61. This is not a fast mover but it is safe money. 

$GOOG TOP 20

Very very interesting to see that $GOOG finished exactly at our Wave Y target, to the precise hour.

I have maintained that $GOOG's chart is very interesting, it is showing strength but the setup is unorthodox. 

A corrective wave that ends high, where Wave Y is, is normally follow...