The Long Investor

$COST TOP 20

I have drawn in a second support line from the two lows to show where support has been. I do not normally draw a second line because I believe it is correct to draw a support line from the first and second points, especially since the highs have consistently made lower highs but the lows have not...

$HD TOP 20

Another consistently reliable member of the Top 20 List, Amber Wave 3 has behaved very well and we are looking for a bounce now to meet the 200 Day MA and then reject and then come down for Wave 5 and into the bear case and buy zone. RSI is right at 30 at the oversold spot, so a bounce is likely....

$PLTR TOP 20

Very similar to $ABNB in many ways, pulling back from $10.30 to $7.20 and finding some support over the last week and a half when it really needed to. Just sitting on the 200 Day MA with the 50 Day MA below it, this may help as a further support but if this can not hold, it is moving down for Wav...

$ABNB TOP 20

Naturally I am happy to see this pull back and we did not chase this when it went as high as $144 after its parabolic move, the structure again is not impulsive, so it is likely that Wave C finished high and we are in the middle of 5 waves down now. I have the 0.65 Fib here in the buy zone and if...

$VIX TOP 20

Continues its wild swings at at a higher frequency lately and that is understandable considering everything that is at play now, the trend continues to follow through this parallel line range, likely to test the upper limit again next as it came down on Weds and found a higher support so Wave A n...

$F TOP 20

Unlike a lot of our other uploads this weekend, $F is not looking complex and hasn't for awhile, it just moves very slowly and thats why the boomers love it. Gives them plenty of time to get in and out.

I have only added a second support line from the two lower lows as a reference for suppo...

$GOOG TOP 20

OK $GOOG has gone very complex now because it has broke out of the red channel and above the 200 Day MA but the entire move is not an impulse wave and has gone into a bear flag now....in line with a lot of our mega cap stocks uploaded this weekend. The head and shoulders pattern is barely staying...

$AAPL TOP 20

I uploaded this chart on Weds night and very little has changed since then, as the weeks price action peaked on Weds. For now, the price action has broken above the ascending triangle and holding there right now, it is now in an ascending wedge, so before the ascending triangle was bullish and no...

$SPY TOP 20 Part 2

Just an update to reference the potential Head and Shoulders pattern I spoke about in my $SPY UPDATE.

$AMD TOP 20

Almost identical to $NVDA here, went all the way to the Wave 3 point at $100 and took a breather and pulled back, we still need to see more to confirm whether it is coming back for Wave 4 now but the 1.618 Fib was the perfect point for $NVDA to pause too. RSI deep in the overbought territory and ...

$BTC TOP 20

Very little has changed over the last week, $CS collapse did not have the same effect as $SVB and Signature collapsing, where we saw large amounts of money being transferred to $BTC as people became concerned about the safety of their money stored in banks. Nevertheless, it held up well over a vo...

$SPY TOP 20

If only you guys knew how long I have spent this weekend analysing the SPY chart over the last 25 years, watching for repeated patterns, MA's, fake breakouts and timings, I'm a little obsessed! Either way, what a wild week it was.

Two conflicting issues right now I see, 1.) the structure ha...

$KO TOP 20

Mr solid and reliable is itching closer to making a decision and it just knocked at the 200 Day MA on Friday, a flip here and I do believe $KO is a very good store of value during this volatile time, a dividend stock that issues every three months too so it is a fantastic place to store cash if y...

$NKE TOP 20

Earnings report this week and it was a double beat but margins were squeezed and this pulled back but we were showing that a pull back was due anyway, it is looking like the 200 Day MA is coming up to meet the price action as it meets our Wave B point so this may be a good point to add to catch t...

$INTC TOP 20

Rejected at the 200 Day MA here and pulled back, I am watching to see if this will move in 5 waves down next or will it attempt to break out of this range and new highs, so far the structure is not impulsive so it still has a lot to do. To make this impulsive, it would need to pull back again to ...

$TSLA TOP 20

I chart this every day so we know where we are with this, the concern here for the bulls is the bear flag, there is a bear flag or ascending wedge on the $SPY, $MSFT, $AAPL, $QQQ and $NVDA chart, all massive players and big indices, so $TSLA is not alone here....they could all break out above the...

$MSFT TOP 20

Very little to report this week, it failed to go higher than the highs it hit on Friday the 17th of March a week ago, we do have Wave C at this point so it is a point where we were expecting it could pull back. RSI is also showing that it hit a high on the 17th of March, exactly at the 70 overbou...

$AMZN TOP 20

$AMZN is still a bit behind the other Mega Cap Stocks, in the middle of its downward channel and below its 200 Day MA, what is in its favour is that it has held the 0.65 Fib so Wave 2 complete and entering Wave 3 in green is still a possibility. Big test above will be the 200 Day MA, if it can fl...

$COIN

After the large pull back on Thursday, it has still managed to hold the 0.618 Fib, reinforced by the 200 Day MA there too, has held very well today, I have a feeling Mrs Woods from ARK has enjoyed herself buying over the last 2 days. Still a bit of work today, likely to retest the the 0.618-0.65 ...

$PFE

Textbook stuff here so far, nice slow controlled waves moving as they should, which makes adding to our position a lot easier, 0.618 has held here, possible retest again on Monday, if it holds and continues to look this structured, I will add again here too. 

$BABA

Nice end, finishing 6.5% up for the week, beating $MSFT which finished only 0.4% up for the week and $AAPL 3.1%, in spite of the significant attention these two were getting about holding up the market.

I prefer $BABA to many other stocks right now for a number of reasons and for it being a...

$UBER - RC -

Wave C hit and likely in the middle of the 5 waves move down now, 200 Day MA is jus below which may offer some support but the count is not impulsive to me right now.

$CHPT - RC -

It tried to hold the 0.65 Fib level but lost it, holding so far at the 0.78 Fib, would like to see it recapture the 0.65 Fib or its possible that $8 will be tested again. This may not be too bad as it may enter a consolidating phase and move sideways. For now, the count remains the same.

$XPEV - RC -

Large bounce for $XPEV, tried to get back into the wedge a number of times but buyers did not step in and it is down -4% today, similar situation to $NIO. The Wave count is looking like a perfect ending diagonal so far which is a good sign that the corrective phase is coming to an end. One more l...

$TSLA TOP 20 UPDATE

Big test coming up for $TSLA, 50 Day MA just below and at the bear flag trend line, break below and it could move fast. If it holds then again this moves within the bear flag.....$186 previous neckline is the price to watch.

$NIO TOP 20 UPDATE

Nice rejection at the 200 Day and no more attempts to break through the $9.53 resistance line again. As we can see from the price action now, it is curving down and the RSI was showing this even on yesterdays chart. So it is good to look at other times in the past when this has happened, and I've...

$BAC - BANK -

Beautiful here from $BAC, head and shoulders complete and still moving down, where this finds support in the short term will give us an indication where the bottom is, for now the 1.618 Fib is looking very attractive to find some sort of support relief. Covid low around $18 - $19....I think if we...

$JPM - BANK -

So far this corrective count is behaving exactly as planned and if we are in Wave C now, we expect to see Wave C fall back to Wave A or lower, it is very rare to see it Wave C finishing higher than Wave A completing. This is why I think a lot of banks are going to struggle for the next 6 months.....

$BIDU - RC -

Only slight change is that Wave 3 may have completed earlier but Wave 5 target remains the same, a number of Chinese stocks continue to perform very well today again.

$U - RC -

The wild swings continue for $U, after hitting Wave C at the blue resistance level, we were waiting for 5 waves down and we have got that so far (although it was not pretty) the bounce now is into a bear flag so this will need to either break down to complete Wave 2 or get into the bull case shor...