The Long Investor

$ASRT - RC -

Rejected at a previous high so the ABC corrective count is still a possibility here, the green impulse wave can only be confirmed once it breaks above the previous high, it has done well to go from below $1 to $6.80, so there is potential here, will need to hold support here quickly.

$AFRM - RC -

I have eliminated the Bull case trajectory as this is firmly in the ABC count now, and still within the wedge....earnings were negative but not terrible but confidence in their business model appears to be the issue and its market.

$SKX - RC -

Nice structured pull back and break out of the downward channel, the larger yellow channel has been in place since 2016, so $SKX may continue in this channel and complete and ABC count and the trend continues, or it will break out above and go into the impulse bull case. Mixed earnings throughout...

Requested charts - RC

For the moment, I am putting a limit of 1 chart request per week, I have not done this before but I am getting inundated with chart requests and I have a limit of uploading 15 charts a day, this will not change as I will not trade volume for quality.

Those 15 charts will not be all requeste...

$DISH - RC -

Very little to be positive about here, it has just fallen through all supports and what the bulls will want to see is a break out of this downward trend channel to stop the momentum.

$COIN

Incredible to see $COIN holding the 0.65 Fib and right at where I set Wave 2 and bouncing, this week was a very big test for crypto, as the market fought with where to put their money after banks are seen as a risky option and so far it has risen to the occasion. Do I think this is a new beginnin...

$LCID

Has been glued to our trajectory and struggling again today, it is hard to see any scenario where this does not make a new low below $6 before reversing, so if $LCID is a company you like, consider the movement of the price action when it makes a new low.

$TSLA TOP 20 UPDATE

A question has came up if Wave 2 has been completed because it has pulled back into the Wave 2 zone between 0.38 - 0.618/0.65 Fib levels and yes, this was a pull back that validates a Wave 2....that being said, I am not fully convinced this is over yet, I think when the dust settles in a day or t...

$ZM

Holding above the low so far, will need to desperately hold on to this and has a good chance to bounce then, Wave C is looking like the likely path though. Consolidating in this environment is not a bad thing either.

$PYPL

Another company we are watching closely after adding a buy zone recently, its been a bumpy week for finance stocks but $PYPL does not appear to have too much exposure here because of its make up. Still needs to break out above this yellow trend line to start seeing momentum move in its favour. So...

$SPY

So what we are looking for here, if we are in Wave 3 now (in red), we will be looking for 5 subwaves in this wave, it is likely that Subwave 1 is now complete after a nice bounce today and as we know, in a downtrend, we are looking for a bounce up to the 0.618 - 0.65 Fib levels, so still a bit to...

$GS

Goldman Sachs  is not immune to this either, it was already in Wave C and now this declining is accelerating. 

$JPM

On the bright side, the faster the price comes down, the sooner this can recover once the targets are hit. 

$BAC

Update on our banking stocks, they are all on course to hit our target prices. 

DB

Deutsche Bank, Germanys biggest bank, experiencing the same impact as KBC, will be interesting to see if they can hold the 200 Day MA now.

KBC

One of the larger well known banks in Europe based in Belgium, feeling the aftermath of the financial turbulence coming from the US, remember, all banks are connected, they all lend to each other, like we say in Ireland, when the US sneezes, the rest of the world gets a cold. 

$DIS - BUY ZONE ADDED -

Pulling back nicely after making a lower high and a lower low, this is likely to come down further and making a new low as the trend is downward, below $80 and we are into the bear case and the buy zone. 

I am happy to add a buy zone between $80 and $58 as I believe both technically an...

$NIO TOP 20 UPDATE

I have uploaded the 1hR chart and the Daily chart, both are showing that the bear trend will continue, both below the 50 and 200 Day MA, and we hit a new low today, like a number of stocks today, opened terribly but recovered during the day. 

The RSI is still on 30 which is at the star...

$SPY TOP 20

Dropped like a stone at the opening to 380, like we said just over the weekend, there was nothing bullish to see here and all the indications were showing bearish. Recovered during the day to finish just negative as the FDIC and the President came out to try and calm the markets by offering reass...

$NYCB - RC -

A requested chart of a bank thats heavily involved with many banking stocks that are collapsing today. Up until this week $NYCB had incredible fundamentals, PE of 5 and a FWD PE of 5. Because they were involved within the banking sector and possibly involved with SVB or Signature, they are being ...

$TCOM - RC -

Looking to break out of the channel here but struggling a bit, elements of a double top so far, will likely come down first for Wave 4 before one more leg higher to complete Wave 5.

$GAN

Another stock very much consolidating, in a WXY wave with ABC waves incorporated. Likely to continue in this range, will need to hold the bear case line at $1.22.

$IEP - RC -

$IEP has been consolidating between a tight range from the middle of 2022, a lot of wild swings within this range too, break down of this wedge will likely see this come down to $47 next and possibly $42.50, otherwise this will continue consolidating until more earnings have reported, currently s...

$BILL - RC -

Needs to find support soon as this downward trend is very distinct and showing little signs of changing its trend, potential support line at $62 next, if it can hold support here and then consolidate, this will help build up strength. 

$PSNY - RC -

Nearly at our target now, all the way from $8 down to $4. Like I've said on the chart, really needs to hold the blue line support now at $4, it may be in for some pain if it can not hold this line.

$NET - RC -

Just bounced at the 0.618 Fib line, structure does look healthy and disciplined,  58% growth forecasted for the next year at 47% growth forecasted for the next 5 years so big plans here, FWD PE is at 208 now so NET does need to hit these targets or it will remain overvalued which is a slight...

$BABA

I can't get much closer than this folks, it really is at an important point now, hold the 0.618 - 0.65 Fib levels or come down....exactly what we are waiting for with $TSLA too. 

$PFE

Last week we said that $PFE needs to hold $39 as the last line of defence, it hit $39.23 and then the news broke that they have bought Seagen for $43 Billion, EW theory catching catalysts again. Let's see if $PFE can build now on this news. 

$RKLB - RC -

Has been following our wave count perfectly, bulls will want to see this hold the blue support line or the levels below are in amber as shown. Consolidating between the blue line channel will not be a bad outcome here.

$FUBO - RC -

We may have to start preparing ourselves for some ugly scenes from some stocks, all our Top 20 stocks have strong fundamentals and so we want them to decline so they become more undervalued, but many other stocks will struggle in this environment.

Decisions will need to be made about some o...