The Long Investor

$DELL

I have one buy in for $DELL and one in $SMCI, and $DELL today is directly benefiting from $SMCI's misfortune today.

Some resistance at the 1 Fib at $131 since the middle of October but a break above this level and the Wave 3 target is at $150.

$DELL is also in a small group of compan...

$CMG - EARNINGS RELEASED - RC -

$CMG reported after the close yesterday and missed slightly on Revenue and Same-Store Sales growth decline slightly.

We can see on the chart that I have this in an ABC correction.

With Wave B testing the amber 0.618 Fib at $61 from below and now rejecting....down -3% in the PM now too...

US 10 YR

Big test coming up now for the 10 YR and Bonds.

We can see here that the 10YR is pulling back to retest the 200 Day MA from above.

If this level gets converted to support, then I believe Bonds ($TLT and $TMF) will continue to be under pressure and may not hold their support levels. 2024-10-30 12:13:54 +0000 UTC View Post

HSI

HSI is testing its higher low support level now after bouncing on the 0.5 Fib at 19,852.

We can see that the pull back today has held on the 0.618 Fib at 20,363, almost exactly.

This is where we need to see the HSI hold support now in order to confirm that Wave 4 is now complete and w...

HFG - HELLO FRESH - GERMAN XETR -

HFG has had a very strong run since the start of July, moving from €4.30 to €11.2 this week.

We can see that it is also forming a Cup formation and will likely complete at the €14 level.

It also may run as high as €15 but I would like to see a pull back then to the amber level...

$BTC TOP 20

$BTC has gone within $30 of making a new ATH in the last 12 hours.

I believe this is inevitable now.

We did not get a retest of the $69.1k breakout level and the price action cleanly broke out and just took off.

The 1.618 fib at $77k remains the next target to the upside.

...

$AMZN TOP 20

The Bezos $200 line is firmly in sight now for $AMZN as it is up to $194 and +2% in the PM now after $GOOG's impressive report.

Above $195.41 and $AMZN has made a higher high and the trend continues to be to the upside.

Once $AMZN cleared $191 it got the green light to bounce.

W...

$GOOG TOP 20

Our patience is now rewarded.

We bought both $AMZN and $GOOG on the bounce after their harsh decline in August and both have returned strong gains for us now.

$GOOG is right in the middle of the Wave B range as we expected and they reported a healthy earnings.

Analysts have chim...

$AMD TOP 20

I have done some research this morning on $AMD after their earnings, having listened to their earnings call and trying to figure out what caused the aggressive drop.....the Rev guidance for Q4 is small but still negative, that is one explanation but as always, I think the FCF hit spooked the most...

$LULU

If you have missed the Wave 3 run here, the sensible approach here would be to wait for Wave 4 to pull back, assuming that Wave 3 will complete at the 1.618 Fib at $322....the 200 Day MA is just slightly higher at $340 and is also a possibility.

If the price can pull back to Wave 4 as show...

$SOLUSD - $SOL - WATCHLIST -

Solana is also on the cusp of breaking out, just like $ETH....where as $BTC has already started

I expect $SOL and $ETH to follow $BTC's lead.

A breakout and hold above $183 and the next target is $209 for Wave 3 and Wave 5 is at the top line at $266 at the 2.618 Fib

$NIO TOP 20 - SECOND UPDATE TODAY -

There was a PM pump and open dump today so I want to show members where I think the price action is.

I believe we are still in Subwave 4 and the open dump dropped to the 0.5 Fib and is now holding above the 0.38 Fib at $5.71

If the price can continue to hold here then I believe Wave 5...

$AMD TOP 20

$AMD reports later after the close and it has already started to make a positive move.

We can see that the price is at the 200 Day MA now which is also at the blue line at $164.....isn't that coincidental that they are both aligned now on the same day as the earnings report......

We ...

$DBC - Commodity Tracking ETF - SAFE HAVEN -

Paul Tudor Jones mentioned last week that he believes Commodities are undervalued right now and he is right I believe, on average they are down about -40% from their high in 2022.

We can see that there has been some consolidation under the 0.38 Fib to 0.5 Fib since early 2023 and it is movi...

$SE TOP 20

We finally have a break down out of the rising wedge today, down -4% today

$SE confirmed that they will release their earnings report on the 12th of November before the market opens.

If we can see $SE move down to our Wave 4 target at $82 leading into earnings and the price holds here...

$BA

$BA have just sold an eye watering $21.1 Billion worth of shares as a public offering at $143 each.

This is one of the largest public offerings in history!

Share price is down -1.5% now in the PM but this could have been a lot worse.....but they have now raised this money, they have ...

$CLSK

HIgher high made here too, so we have 5 waves and moving in an impulse manner.

This is exactly what the bulls needed to see.

So I would be waiting for a test of the 200 Day MA at $14.30 or the 2.618 Fib at $14.85. to complete Wave 5.

An ABC pull back is always expected after thi...

$GOOG TOP 20

$GOOG report after the close today and it is moving in the right direction after making a higher high yesterday.

No surprises later and I believe $GOOG moves comfortably in to the Wave B range between $176 - $183......a very bullish scenario would then lead this back up to the ATH line at $...

$ETH

$ETH is back at the triangle top line again which is at $2635 now.

We can see that $BTC has already broken above its $69.1k resistance line but has not given a retest just yet.

$ETH lags $BTC but it will move higher with it.

I have a lot of $ETH and a move to our Wave 3 Target a...

$CROX - EARNINGS JUST RELEASED -

$CROX have just double beat but the price is down -12% in the PM now.

Their HeyDude brand revenue declines appear to be doing the damaging work here.

On the chart, price has lost the 200 Day MA but still holding on the outside of the green triangle.

Once the price holds above $1...

$TMDX

$TMDX did not deliver on their earnings report yesterday and their EPS missed on estimates by -59%

The market is not going to forgive this or react nicely to it either when it was already trying to find support on its pull back leading to the earnings release.

I think the reaction h...

$PFE - EARNINGS JUST RELEASED -

$PFE have beaten their EPS estimates by a whopping +72%
We said yesterday that the management needed to deliver and this is it.

What we need to see next is a break above the triangle at $29.50 and I believe this can come this week, a break and hold above this level and you have a buy sig...

$PYPL TOP 20 - EARNINGS JUST RELEASED -

MIxed results:

$PYPL - Reports Q3 $1.20 v $1.08e - Rev $7.85B v $7.86Be;

- Raises FY24 EPS outlook, but guides Q4 below est

- Guides Q4 EPS 'Low to mid-single-digit decrease' (implies EPS '$1.05 v $1.10e)

- Rev up low single digits (cc) [implies $8.08-8.32B] v $8.49Be <...

$SOFI - EARNINGS JUST RELEASED -

$SOFI has beaten across the board and it is reacting very well in the PM now.

We can see that Wave 4 was short and quick but the price dropped in between the 0.236 - 0.38 Fib levels so remains valid.

Wave 5 now is moving fast to our target at the 2.618 Fib at $12.84, which has not ch...

$NIO TOP 20

Likewise with $NIO, we are also seeing 5 waves in this impulse bounce after holding support on the very strong confluence level at $5.

We added at $5.20, so we are up nearly +20% since these buys last week, so we are off to a good start.

I don't want any parabolic moves now, we have t...

$BABA TOP 20

The most important observation right now is that we have a very clear bounce in 5 waves since holding above the 0.5 Fib at $94.

We can see that the PM action has brought the price right up to the 200 MA on the 1hr chart for 5 waves in an impulse count, this is exactly what we want to see to...

$JWN

Nordstrom is testing its breakout level at $24, as we approach the busy Xmas shopping period.

$JWN has been in this yellow channel since 2015, so I stress that you need to wait for a breakout and hold on the outside of the channel before considering a position.

If there is a firm hol...

$CCL

So who has managed to catch this?

Moving very well in Wave 3 now

If you are lucky enough to get a retest of the break out level again at $20 and holds, it is a clear buy signal.

$MP - RC -

$MP has done a full round trip since its IPO in 2020.

From $9 to $60 in an impulse wave and all the way back down to $9 again to complete its ABC pull back.

Since August it has bounced from $9 to $19 and above the 50 and 200 Day MA, with a golden cross completing today.

A retest...

$SMCI

Holding above the 50 Day MA now at $47 and there is a small creep towards the $49 level again.
An official date has not been announced for the earnings report but it could drop this week.

There is risk here but I like the reward potential for the limited risk on offer (a drop down to $35...