The Long Investor

$SI1 - SILVER

No changes to the chart, Silver has entered the bull case.

EW Theory

This is the basics of EW Theory. The Waves and Subwaves.

Bounces and pull backs create the trend.

$PLTR TOP 20 UPDATE

Rejected trying to break above the previous high again, it is a difficult day for the market and the vast majority of stocks are negatively effected, so it is how it responds today will determine the next few weeks I feel. So far, both cases are live here, the bull case is not active until it can...

$NIO TOP 20 UPDATE

The only difference between $NIO and $TSLA here is that I can comfortably see 3 waves in the Subwave 2 count and this is not as clear with $TSLA but it possibly is on a smaller time scale.

So I would be happy to consider that Subwave 2 is complete and once this goes below the previous low, ...

$TSLA TOP 20 UPDATE

Almost identical to $NIO, rejected exactly at the 0.5 Fib and so far has came down quite aggressively, still early to say that Subwave 2 is complete for now.

For now, comfortably below the 200 Day MA and 50 Day MA and moving in our 5 waves down amber count now.

The plan remains the sa...

$PSNY - RC -

No changes, spoke about needing to find support in the last update and so far it has managed to hold and build strength, still a lot to do but getting out of the red channel will be the priority for the bulls. Just at the bottom blue line now which was a previous support, if this rejects here and...

$BABA UPDATE

Ok $BABA is pulling back more than expected and I briefly spoke about why I think this is happening in other Chinese and Hong Kong stocks/indices earlier. The War games and closing airspace around Taiwan has spooked the market a little bit, that being said, I still see no concern yet and the stru...

$CLOV - RC -

Very steep and large descending wedge here, there is a possibility for this to come down to $0.38c if it gets rejected from trying to break out again, if it does successfully break out, I have added in the targets above.

$IIPR - RC -

Has pulled back a long way from $288 down to $73 today, however for now their fundamentals are quite healthy and a bounce is due, just at the 0.88 Fib , so will need to bounce here.

Look for holding for support now and signs of reversing, if you are considering a position. 

$KWEB - RC -

No changes here to my last chart, a shallow pull back so far but both are still valid, Wave 2 in green could still be valid and finish at the 0.38 Fib as we know but for now, I am leaving it where it is due to tensions possibly mounting in China due to their military activity....ultimately above ...

$NVDA

This chart is not showing me bullish indications, head and shoulders formed from the bear flag neckline. It is already extended and needs to pull back, like it did nicely for Wave 2. We can see that the 1.618 Fib level cuts through the trend line at an important point...so this is what I am watch...

$BRK.B - RC -

Berkshire Hathaway is very much at a crossroads here, it has performed well since the start of the year, mainly due to its large holding in $AAPL and has performed well in $KO, $CVX and $OXY but is also heavy in Bank stocks, which have not been doing well since Feb. 

If $AAPL does decl...

$PYPL

I was watching closely yesterday as this was showing signs of breaking out, it went above the trendline and rejected almost instantly and came back down and finished below the trend line again....more sideways movement here, likely waiting for bank earnings this week. 

Although I feel ...

$SCHW - RC -

No changes to our chart here, I still expect this to move down to the 0.78 Fib, bank earnings this week so a lot is at stake here, this has moved as we have expected so I am happy to stick with this trajectory. Earnings reports will offer more information and if this loses the 0.78 Fib at $42...t...

$USB - RC -

$USB has suffered more than most large banks, dropping from $63 to $35 and now holding at the 0.88 Fib, which is normally the last Fib line of support to maintain an impulse wave. If $USB loses this support line, it can come down to the  blue line which is the previous low and would need to ...

HSI - HANG SENG INDEX - RC -

Head and shoulders pattern formed here, I do not believe the right shoulder is complete yet, so possibly one more leg down to complete Wave 2 of this impulse wave...this has moved very well since it bottomed in October when Hong Kong opened up again.

The curve ball here would be if China in...

HKDEUR - RC -

Very straight forward channel here since 2008, price action now looks to be completing an ABC count which should bring this nicely down to the bottom trendline again and should start moving up again after that.

$SPY TOP 20

Finished the day flat, just under the the middle blue line and still outside the ascending wedge, there is still no clear direction here but now we are moving into the interesting part of the week, starting with tomorrow and CPI figures, followed by PPI and then Earnings reports on Friday from th...

$OXY

This structure is simply immaculate.

And when Subwave 5 hits, we will be getting ready for an Subwave ABC count next, and when Subwave C is complete, I will certainly be adding again.

$XPEV - RC -

$NIO was not the only Chinese EV company in subwave 2 to get rejected at the 0.5 Fib today, we know this is not coincidental and but oddly satisfying. 

$WISH

EW Theory does it again. X marks the spot, 1 - 30 reverse stock split has just been announced and it has dropped -19% so far....I had this possibly going down to $0.29c so we are getting there slowly....I don't blame the Wish management, they had to do something.

$TDOC - WATCHLIST

I was asked today on Telegram, what other stocks am I watching and this is certainly one of them. It is just bouncing within the range here and I see no issue with this continuing this trend and if the earnings come in positive, which I suspect they might, this might move quickly...if this breaks...

$HD TOP 20

I will continue to adore this chart. Working very well through Wave 4 now, and in Subwave C of Wave 4. Waiting for this to complete and Wave 5 down will be next and into our buy zone.

$BNGO

Another +5% day today....look at the daily RSI too, it is at 30, exactly where we want to see it at before a potential large move, not at 70. Tick Tock...

$SE - WATCHLIST

Getting the pull back we have been waiting for and exactly when we expected, so I like this structure, if this can come all the way back to $60, this would be a very attractive buy. I have added this to my priority list to watch.

ARYT

Held at the 0.78 Fib, it must have received some very positive news or got squeezed to go parabolic like this so watch for the pull back shortly and if it can hold at the Fib levels shown, it can move up for Wave 3 next.

$TSLA TOP 20 UPDATE

This is what I am watching for now, bouncing now for Subwave 2, to a familiar Fib level and then rejecting to come down further and bulls will want to see this hold at the 0.618 Fib to complete Wave 2. This would be a very good move for the bulls, a nice structure with a perfect pull back. <...

$NIO TOP 20 UPDATE

The day is still young but we got our bounce today after talking about it yesterday that we needed it, remember bounces in downtrends are just as important as pull backs in up trends. I am not surprised to see chasers getting caught out and pushing this to the 0.5 Fib, it could still go to the 0....

$ADA - BUY ALERT -

No changes to the last chart, there is no denying how good this set up looks so I have started a small position here, stop loss set at 0.34c.

Like I said before, I am conservative in a lot of my other buys so I am allowing myself some risk and when it is set up like this, I am happy to exec...

$BAX - RC -

I spoke about $ BAX before in my last update, and said to watch for a break out of the channel and it is just testing the channel now and at the blue historical resistance/support line, a break out and flip to support here is bullish to me. A rejection and it will continue down the channel. So fa...