The Long Investor

$GSUN -RC-

Did not hold the channel, it has formed a wedge here, so at Wave D it has its last chance to hold support or it can come down to the blue line support at $0.96.

Difficult few days for a lot of stocks trying to maintain a support.

$TSLA TOP 20 UPDATE

Very early in the day so far but $TSLA is working it’s way through the Fib levels so far.

0.5 Fib level next at $159 is the next target.

RSI and MACD are in oversold territories on the 1HR now, a relief bounce is needed but it’s not clear whether it will come today.

Key events this week.

$SPY TOP 20

I see nothing bullish here, below the 50 Day MA, the 200 Day MA, out of the wedge and rejected trying to get back into it, new lows and lost the critical 390 support. Also back in to the original downward trending channel that its been in since Dec 2021. RSI very bearish and MACD is showing a fur...

$QQQ TOP 20

I think a lot of tech stocks could be under pressure this week if the FDIC does not come out and say that they will backstop all funds for the SVB, so the $QQQ could be the most vulnerable.

One thing that is very obvious is that something needs to be done before this contagion spreads and i...

$GOLD TOP 20

Certainly in the short term and with what we are expecting ahead this week, it is fair to perceive that Gold will more than likely benefit from this volatility as people scramble to put their money somewhere if they start selling. This summer is showing a rejection however, so we'll keep an eye o...

$PLTR TOP 20

I uploaded this chart on Friday, but just so we have our Top 20 charts together and easily accessible, I thought to upload again, with the RSI indicator and MACD. Both indications are backing up my thought process that this is starting to turn very bearish and we may be in the middle of 5 waves d...

$NKE TOP 20

Again no changes here either, all our charts uploaded this evening have not been changed in weeks or months, they have all followed our trajectory. I spent a lot of time on our Top 20 list and their charts, the more we focus the better the results which is why I an confident of this list and what...

$F TOP 20

I am going to start sounding like a broken record here with $F as this has just moved sideways through the wedge since July last year. Showing weakness lately with a few fake outs down out of the wedge but below the 50 and 200 Day MA now, I think below $10 and this will move quickly to our target...

$AMD TOP 20

There were really positive signs for this at the start of the week, while $NVDA was managing to hold off and $INTC bounced at the previous low. But Friday was a nitemare for all stocks and this stopped $AMD too, $88.97 is the trigger now into Wave 3, a rejected beforehand and this may come down f...

$HD TOP 20

Our trajectory has been working out perfect for the last few months, all eyes on $264 now, need this to break down now and we are into the bear case and the buy zone, after hitting a high in 2021 at $420, we will be doing very well to buy this at a 50% discount. 

RSI and MAC...

$KO TOP 20

This has been moving incredibly slow and for many, this is what they want to see as it is seen as a safe haven in times of volatility and uncertainty. Effectively flat for the week, in spite of all the noise. It really is at a spot now where it needs to make a move on which direction is next, cer...

$COST TOP 20

Outside of the wedge now, rejected trying to get back in from the 200 Day MA, finished the week below the 50 Day MA too. $450 is what we are watching now, a break down here and we are into the bear case, we want to see then a break below the previous low at $407.

RSI and MACD are trending ...

$ABNB TOP 20

$ABNB chart is almost identical to $PLTR, both had good earnings and their share price took off, it pulled back instantly to gap fill and with the weakness of the over all market, it lost its momentum, we need to consider here and with $PLTR that their parabolic move up was an ABC count and this ...

$INTC TOP 20

$INTC has bounced on the bottom and just stopped before the 0.65 Fib at $27.41, this is the perfect spot for a Wave 4 rejection and the 50 Day MA is just above, so ideally, these are both good resistance levels and then we see a move down. 

The RSI trend has just slightly broken above ...

$VIX TOP 20

No your eyes are not deceiving you, this has gone from 17 to 29 in one month. Friday truly was a volatile day and with the second biggest bank in US history collapsing, it was bound to send shockwaves throughout the markets.....but what is interesting is that the VIX was already showing that this...

$TSLA TOP 20

We talk and chart this daily, I think every member knows the plan here. I have taken out the amber ABC count as it is not relevant anymore. All we are looking for here is whether or not $TSLA holds support between now (0.38 Fib at $173) and $140 (just at the 0.65 Fib)...failure to hold these leve...

$MSFT TOP 20

I would put $MSFT in the same bracket as $AAPL, pulling back but still holding up stronger relative to other Mega Caps, notably $AMZN & $GOOG. $MSFT has a market cap of $1.85 Trillion, almost double that of $AMZN. So again, if $AAPL and $MSFT start turning more bearish and move into Wave 3 sh...

$AMZN TOP 20

$AMZN has been on the weakest looking charts of all the Mega Cap stocks and with profit margins turning negative from their last earnings report, the weakness is merited. 

$AMZN has not held the important 0.65 Fib level and is itching closer to our blue  R/S flip line, below this ...

$GOOG TOP 20

No changes here, except I have set the right shoulder, as part of the head and shoulder pattern to reject at the red trend line....the 200 Day MA is slightly above and it can reject here too if there is another fake out, for now, I am happy where it is. 

A lot of head and shoulders for...

$AAPL TOP 20

No changes to last weeks chart here and we'll see this weekend that most of our charts have not been changed for the last number of weeks, the vast majority of all our Top 20 charts are following our projections. 

The RSI indicator has assisted us a lot lately and has been very accurat...

$WFC

$JPM

$GS

$BAC

Uploading a number of bank stocks this morning so everyone can see where this market is at the moment, none of these charts have been changed since the last time I uploaded then.

Have a great weekend and a big welcome to all new members.

Have a great weekend everyone, as always, all Top 20 Long term holds will be added over the weekend, a lot has moved in our favour this week and we are shaping up to be in a great position to benefit from a further drop in the market.

I have also noticed a substantial difference in our memb...

$NIO TOP 20 UPDATE

Another weak day for $NIO and the market, looked very close to breaking to a new low and before we begin, I do not believe this is a double or treble bottom.

The trend is clear and a full pull back to the previous low does not indicate signs of reversing or that an impulse wave is next. 2023-03-10 21:24:02 +0000 UTC View Post

$SOFI

Really struggling today and breaking down from some crucial Fib levels, I do not believe this is because of $SOFI, I believe this is part of the wider financial industry and I like to see a company getting pulled down like this, when fundamentally they are strong....this is an opportunity in my e...

$PLTR TOP 20

On our previous chart, I had Wave C (in red) topping out at $11.70 at the blue line, it is possible that after the parabolic move on the 13th of Feb, this completed Wave C. As we know, we do not like parabolic moves and it immediately pulled back to close the gap, now the market has taken a turn ...

$SQQQ

It continues to build momentum, 50 Day MA is above at $42, which is at the previous support line that flipped to resistance, flipping this back to support would be a strong statement of its direction.