The Long Investor

HSI

These are the facts:

• Price held on the historical green support line, which has been in place since 1996

• Price pulled back from a high in May to the 0.618 Fib on the 5t...

  2024-08-27 10:07:52 +0000 UTC View Post

$COPX - SAFE HAVEN -

$COPX pulled back in line with the other safe havens between April - July and started moving higher again with them, after finding support on the 200 Day MA and in between the 0.5 - 0.618 Fib level...

$SOFI

$SOFI is just negotiating with the descending wedge top line now for a break out, the price went as high as $7.70 today but is back at the trend line now.

We can see that the 200 Day MA is sq...

TWEET: $NVDA

I won't be playing the earnings game this Wednesday, too much is riding on $NVDA to deliver a stron...

$AFRM - WATCHLIST -

$AFRM has been able to hold support on its 0.618 Fib too over the last month and has already bounced and back above its 50 Day MA now, it is also testing the channel support line now too at $31. 2024-08-26 15:55:26 +0000 UTC View Post

$IQ

$IQ dropped post earnings, in spite of its double beat but revenue growth was down.

Once the wedge broke down, it's been in search of support and for July and August, it was holding on the 0....

$DOGE - RC -

$DOGE is still at the platform while the other larger cryptos are starting to make their move

$DOGE fans will like that some support has been found on the 0.78 Fib, which is a larger drop tha...

$SMCI

$SMCI has not been as strong as the other Semi companies since the sell off at the start of August, but it still held support on its 0.618 Fib, which is sufficient for an ABC correction to complete...

$CELH

Bullish wedge formed here above the 0.5 Fib at $39.

Morgan Stanley reiterated their $50 PT today too, which would bring this back up to the yellow trend line again

So a breakout and hol...

$BIDU

Nice bounce today which is going against a number of the other Chinese ADRS but instead following the HSI.

We know that $BABA started moving a few sessions after its earnings too so this is w...

$MRK - RC -

I am not particularly bullish about how this is forming

With a potential for a Head and Shoulders forming here too in this ABC correction

50 WMA has been lost here too, with a retest of...

$PANW - RC -

I got a lot of requests for this chart this week and the last time I uploaded this chart was in April and there are no changes here

Price held at the Wave 4 support between the 0.38 Fib and 0...

$JWN - RC -

$JWN has been in a decline channel since 2015 and needs to break above $24 to get out of this and show signs of a reversal.

There has been an arc developing since the end of 2020, which hit $...

$SOXL

$SOXL has dropped hard from $70 to $23, in a very abrupt drop

So there are two scenarios here at play

1. I have white circled an area that is potentially Wave B and Wave C has completed...

HSI

The HSI does like Mondays.

I suspect the weakness being shown between the US and Japan, may attract more people to the HSI as a way to stay away from the weakness.

The chart is clearly ...

$TLT - SAFE HAVEN -

$TLT and $TMF have been two other safe havens that have been brilliant for this group, as we continue to prepare for what is next with the market.

While many focus on squeezing what they can ...

USDJPY

US Dollar against the Japanese Yen is painting a very clear picture here

We can see the flush down from the 5th of August to $141, the current price is at $144 now, after clearly rejecting at...

SILVER - SAFE HAVEN -

This has been moving very well for us and the pull back to the 0.38 Fib last week at $28.9 and holding has now been confirmed as Subwave 4 for me, since a new high has been made, we are above the 1...

$PDD - EARNINGS JUST RELEASED -

$PDD missed on their EPS estimates by -71% and this has caused the stock to drop -17.5% right now in the PM

$PDD has been the darling of Chinese ADRs over the last 2 years and has climbed fro...

$SPY TOP 20

$SPY is just $2 away from hitting its ATH level now, so very little is needed to hit this point, as we lead into the last week in August and important earnings this week.

Again, this is a Tec...

$QQQ TOP 20

We have a big week ahead and it's mainly down to $NVDA reporting after the close on Weds, it is also the last trading week in August too and we will then enter what is typically a very difficult tw...

$V TOP 20

$V I believe is still telling us an interesting story about the market

It is a fantastically run company and has great margins but still below its 200 Day MA, so in theory the trend is still ...

$TSLA TOP 20

A clear rejection so far at the yellow trend line, something we were watching for this week and even flushed down to $210 on Thursday after its first test of the $223 level.

Price still manag...

$SHOP TOP 20

$SHOP is reaching for its 200 WMA now at $80 and still no meaningful pull back yet

I have discussed this at length during the week and the last few weeks, so I think we are all up to speed wi...

$PYPL TOP 20

I suspect everyone in this group is happy with how $PYPL has been behaving and sticking with this throughout its consolidating range, very little speak about it now, so I have wonder where the posi...

$PLTR TOP 20

A noticeable change in trend to end the week here with $PLTR

Price tested the top channel twice, with two clean rejections, followed by a negative day on Friday, in spite of the market jumpin...

$NKE TOP 20

No pull back yet for $NKE, Bill Ackmans buy is still carrying a bullish wave with $NKE and the price is close to its 0.78 Fib now at $85.

I suspect a pull back will come shortly

Earning...

$MSFT TOP 20

$MSFT has not been performing as well as the other Mega Caps and is lagging behind $AAPL, normally these two are heavily correlated

A retest of the 200 Day MA is possible here, which is also ...

$INTC TOP 20

$INTC is still not getting the full bullish attention as $NVDA, $AMD, $DELL and $SMCI

It has been able to find support above its final Fib support level at the 0.88 Fib at $18.50 but when the...

$GOOG TOP 20

We added at $167 after making a higher high this week and a small pull back since then managed to hold on its 0.5 Fib at $165 to finish the week at $167 again.

A lot of the Mega Caps and the ...