The Long Investor

US 10 YR

This is looking concerning now.

The US 10 YR is doing a good job converting the 200 Day MA to support, it is not confirmed yet but the price finished above the 200 Day on Friday for one test.

Also, since testing support on the red line at 3.6%, the bounce has been in 5 perfect waves,...

$BTC TOP 20

Ok we have a second rejection at a lower high now since Friday at the $67.8k level BUT it has not made a lower low yet and we can see that the 50 Day MA is about to cross through the 200 Day MA shortly for a golden cross.

So there are mixed signals right now, so more price action is needed ...

$NIO TOP 20

Nice response from $NIO on Friday to immediately recapture the confluence level above $5.05 and managed to hold above this level to end the week, which was also a hold above the 200 Day MA and the 0.618 Fib too.

The 50 Day is just slightly higher at the blue line at $5.32 now, so holding ab...

$PSO - WATCHLIST -

$PSO is also very similar to $CCL, it is now retesting the ascending triangle breakout level at $13, so all that bulls need to see here is a test and hold and I expect this to move higher and complete Wave 3 at the Second Target at $19, but please be patient here, this moves slow and that's perfe...

$CCL - WATCHLIST -

$CCL continues to have one of the best set ups right now after breaking out of this year long ascending triangle at $19.50

I think if the bulls are lucky enough to get a retest of this breakout level and there is a hold, you have a clear buy signal, with Wave 3 remains as the next target at...

$BTC TOP 20

I think a few were disappointed that $BTC did not hold above $69k and pulled back but I think we are all aware that this is just part of the process and not all levels can be flipped immediately without a persistent test.

Price is already back to test the 1 Fib and yellow trend line since t...

$COIN

Crypto related charts are still showing bullish impulse waves and the pull back yesterday was a simple retest of important support levels.

$COIN here retested its 0.38 Fib for Subwave 4 of Wave 3....and has held very well and already up +4% in the PM now

Wave 3 remains the next target...

$TMDX - WATCHLIST -

$TMDX is making tough work on this 0.38 Fib but the price is still holding on the 200 Day MA just slightly below at $121.

RSI is oversold now at 24 too and the chart looks very controlled here

So I believe if the price can hold this $121 level then Wave 5 can continue to at least $216...

$ANF

Former CEO and his colleagues have been arrested due to Sex Trafficking charges and I suspect this will not be a good image for $ANF right now, even if it is their former CEO.

No changes to the chart and I believe this is still in its ABC correction, with the 0.5 Fib at $102 as the target, ...

$WULF

No changes to the $WULF chart.

Testing the 1.618 Fib again now at $6.50 and a break and hold above this level and $WULF can run as high as the 2.618 fib at $9.98

$VSCO - WATCHLIST -

Gurgavin was right, it was brought to our attention and we confirmed the position on the chart.

Price is about to test its previous high at $31 shortly and a breakout here and holding above $31 and there is a move up to the 1.618 Fib at $43.

A rejection at $31 could mean more sideway...

US OIL

The ultimate test of patience.

It has been range bound now in the $70's since late 2022

It can also continue this way for another few months too

But overall, I believe it will breakout to the upside....eventually.

$CURE - WATCHLIST -

I think $CURE looks very good here

We have been following this since its breakout from the descending wedge at $100 and watched it run nicely to $143, so a pull back now to the 200 Day MA is textbook.

This support level on the 200 Day MA is also reinforced by the 0.5 Fib too

I ...

$CLSK

The 1.618 Fib for Wave 3 is like a magnet

$CLSK looked like it was powering up to its 200 Day MA and overshooting the 1.618 Fib for Wave 3 but the magnet kicked in and pulled it back and by doing so maintained the structure.

Price has since held on the 0.38 Fib for Wave 4 now too, so ...

AF - Air France/KLM

AF still has one of the largest descending wedges I have seen in any market right now.

While many other legacy carriers are reaching 52 week highs, this continues to make lower lows and go deeper into this wedge

It is not without risk as they continue to report misses from their earni...

$ETH

We got the retest of the 50 Day MA and the 0.618 Fib that we spoke about in our last upload and there has been a bounce so far

We want to see a higher high and higher low next and ultimately breaking out of the wedge again but holding next time.

It does not bother me how long it takes...

$AMZN TOP 20

As Adam rightly said in the Chat Group, yesterday was a shake out, designed to trigger weaker hands that were unsure of their positions and trigger stop losses.....this is so common leading up to important earnings reports and economic events, that I made sure to state this every day this week. 2024-10-24 12:12:45 +0000 UTC View Post

$BABA TOP 20

$BABA is only at $98 but for me the 0.38 Fib is likely lost and we must expect that a test of the next 0.5 Fib at $94 is a possibility.

The big difference here is that the 50 Day MA will be waiting at the 0.5 Fib when the test comes.

We wanted Wave 4 to pull back slower in order to al...

$TSLA TOP 20

$TSLA reported after the close yesterday and although they missed on Revenue estimates, they beat EPS by +20% and their margins improved, particularly a large jump in their FCF on the previous year and quarter, which is something I always pay attention to for a company of $TSLAs size.

We ca...

$NIO TOP 20

This has been a big test for $NIO today, a lot of selling across all classes and sectors and $NIO has barely moved and remains relatively flat, above the important confluence level.

Even $BABA has overshot its $100 support level

Further test coming up later after $TSLA reports, we wo...

$SPY TOP 20

$SPY is pulling back to the rising wedge support line now and testing it now, losing this level and the price can fall down to the 50 Day MA which is conveniently on the previous ATH line at $565.

Unless this level is lost, I would not be altering any of my positions or believe the market h...

$HIMS

How many times have we been here with $HIMS?

In fact, in October alone, this is the 4th strong pull back, usually brought on my news events from other companies in the GLP sector.

I believe this pull back is Subwave 4 of Wave 3 and $25.40 remains the target for $HIMS for Wave 3.

$QQQ TOP 20

There is very little changed today on the $QQQ chart, still some resistance at the last Fib level at the 0.887 Fib but this is expected as we lead into the start of the important earnings reports.

Smart money is unlikely to make big bets on the direction until reports start flowing out and...

$SHOP TOP 20

Starting to see more bending down here too, after breaking down from the rising wedge.

This is somewhere I would consider trimming -20% too but I may give it slightly more time as it is only -1.5% down today.

I will look to add again in the Buy Zone, but also paying particular attenti...

$ABNB TOP 20 - TRIMMING -20% -

I am starting to see some more rejection now, price has been testing the 2.618 Fib since the 10th of October and has not been able to break higher and hold.

I will issue a Sell Alert now, to show that I am trimming -20% here to wait to add between the 0.5 Fib and the 0.618 Fib between $123 ...

$ADA

Cardano has been consolidating for some time now under the 0.618 Fib but above the 0.78 Fib and looks ready to move higher when $BTC decides to make its move to a new ATH.

$ADA will lag $BTC and $ETH

But it was in late October last year that this caught our attention and we added at $...

$CHTR

Continues to work its way down though the Fib Levels and is stuck between the 0.38 - 0.5 Fibs and the 50 and 200 Day MA''s too.....so it is likely that the price will get squeezed in between these MA's shortly.

Holding above the 0.5 Fib at $311 would be enough for me to call this pull back ...

$LI

This is good to see, $LI is one of the first Chinese EV's to make its move after pulling back and holding support on its 0.5 Fib at $24.

Price is up +5.33% now after looking comfortable in this Wave 5

My position remains the same, the Chinese growth EV's will be lead by $LI, they have...

$BA

$BA reported this morning and it was a miss which is not a surprise to anyone, the market expected concerns.

But the important part is coming up now, the pull back

Price will need to make a higher low next to confirm that the worst is behind $BA and it has held support on the importan...

$PDD

No changes to the $PDD chart, pulled back in line with the other ADRs and the HSI and has so far held in between the 0.38 Fib and the 0.5 Fib.

We can see that the 50 Day MA was also aligned with the 0.5 Fib too at $121 which offered further support.

Price is just at the 200 Day MA now...