The Long Investor

$MARA

After losing a critical support with the 1.27 Fib. $2.11 needs to hold now. 

$MULN

When C ends high, it is followed by 5 waves down.

Some people are making money on swings with this, stay disciplined here and know when to get in and out.

$MSTR

Very interesting chart, we can see that this trend has stayed relatively within the channel but most importantly, was rejected at very important Fib levels at 0.65 Fib around $510 and then again at the .78 Fib at $350....this helps us determine where supports can appear. However, we know that $MS...

$LAZR

Another company that could benefit from a turn around in the EV sector, LAZR makes sensors and software for autonomous driving an important direction for the EV sector, again I see this coming down some more, to around $3, this is only the likely spot for a bounce but ultimately it becomes bullis...

$TSLA TOP 20

This continues to work out nicely for us. $TSLA produced incredible numbers for their quarter but fell just short of estimates, which I always find incredible because the bigger picture gets lost....which is good news for us. We should see Subwave 5 of 3 completing shortly, before a bounce for W ...

$NIO TOP 20

5 waves of W - 1 (red) and 5 subwaves of W - 5 (amber) are a lot clearer now, the plan has always been to wait for a significant bounce for W - 2 before making a decision.....PM looks good today on the back of strong delivery numbers for Dec...but I would be surprised if this get's back into the ...

$LAC

We had uploaded this chart a few weeks ago and is confirmed in the bear case now and continuing down the channel, the 1.27 Fib is a good price for support and correlates to our historical support line. It would need to hold here, otherwise it continues down the channel. Lithium is a very importan...

$VFC

$VFC a company that was brought to my attention, following an ABC count nicely and FWD PE is 11....I will monitor this and see how it looks as it approaches the end of Wave C.

$NVDA

It is at a likely spot where we would expect to see a bounce, $NVDA is also a few months ahead of other stocks, after being involved in a lot of political drama and weak earnings during the year....a bounce is certainly due anyway, even if this is Wave A or starting W - 3, so let's see which way ...

$GOLD

We have spoke about this before, what may help Gold decline in this manner, will there be a safer or better store of value in the next 10 years? it's possible, Bitcoin advocates believe it will be Bitcoin.

$BABA

We have been patiently waiting for this to pull back and it has begun but showing incredible strength and rightly so. Subwave A of Wave 2 may be complete now, although shallow, it is still valid and we may go up to test the 200 D MA before coming down to complete Wave 2....support here and I feel...

$VOO

$VOO and $SPY are very similar, $VOO is a little cheaper to buy and hold different values of the S&P 500 companies but will follow each other neverthless.

$SQ

I like $SQ as a company and how it is disrupting the retail payment sector. It is still early to say that Wave 2 is complete but ideally we'd like to see a price between $55-$51 now if we are going to add.

$TSN

Fundamentally a very strong company, PE of 6.98 and Fwd PE of 9. PB of 1.13.

Good margins and good ROE. One mark on their fundamentals is the decline in Q/Q EPS...but this is expected to be positive for next year....so this leads me to believe that there is an opportunity here.

Food...

$GIS

Another favourite for funds, dividend is due on the 9th of Jan, so it may explain the spike lately but I think this will start coming down once the dividend has been paid, to complete W - 4. 

$WM

A favourite amongst funds and has done quite well in 2022. There is a diamond formation here, which leads me to believe that W - 5 may not be in yet...however, the first Wave 5 I have up is still valid, in terms of following EW theory.

The trajectory should start to become clear soon, the ...

$DIA

Similar to the $SPY and $QQQ, in a megaphone pattern and trending down. Some people may prefer the Dow Jones ETF to SPY or QQQ so whatever your preference is, let's wait for the buy zone.

$TLT

I have uploaded this before but it has been quite popular lately. Looking like it is working through our count nicely, W - 4 will need to hold shortly or else it becomes invalid if it encroaches on any part of W - 2.

If that is the case then we have a short ABC count (in red) and it will ...

$CTLT

Breakdown from the bear flag, so it is possible we will see new lows.

$CCJ

PE of 105 but FWD PE of 27....meaning revenue has not quite caught up with its valuation but it will soon....so a pull back now to our indicated levels may offer value in the future.

$SEV

Top 20 Long Term List

If you could add only one company or ETF into our Top 20 Long Term list, which company or ETF would that be?

$FUTU

Really good example of a sidewards move ABC count (in red) it gives the impression that we are in a bullish impulse (upward) move, but unfortunately when C (in red and amber) end high, it it normally followed by 5 corrective waves down....which explains the massive decline of -31% on Friday for W...

$CLSK

Another chart coming to the end of a falling wedge, normally a bullish sign but the market is weak, so we need to be mindful of fake breakouts.

$BILI

Forming a nice wedge now with the previous trend into the wedge being upward, so we expect to see this continue it's trend if it breaks out above.

$KO TOP 20

I see very little changes here...it is holding up very well but early signs of a rejection at the previous resistance line means this could start moving down to our target shortly.

A buffet favourite, with a solid dividend and incredible moat. I would be very happy to add here in the buy z...

$COST TOP 20

Really struggling with this wedge now, broke down, retested and showing early signs of rejection, which is what we wanted to see....a few people thought this would continue in the wedge and that was possible but rare. 

Again, like $HD, I have leaned on being slightly conservative here ...

$HD TOP 20

I decided to lean on the conservative side here slightly and raised the price target for Wave C slightly, the pattern for ABC in red has formed very neatly so we can gauge where this is going better....the length of Wave A also helps us to determine the length of Wave C.

I will leave in th...

$AMD TOP 20

Between $48 and $36 is the buy zone for me. I need to see more of this C wave, because it may just be developing as an ABC count, instead of a 5 wave count. Either way, it is still following our direction and we'll have more information for next week's update.

Certainly not a buy here for...

$F TOP 20

Company with a high dividend of 5.16%, very popular with boomers and moves incredibly slow, makes for a nice long term hold...at the right price.

You will see from my chart that the historical trend line support is at $5, it is premature to think that it will go all the way down there to ...