The Long Investor

$MSFT TOP 20

This is the same chart we have used for the last few months and again uploaded last weekend, Wave 5 has not changed.

$MSFT tested its 50 Day MA yesterday with a lot of the Mega Caps and need...

$HIMS

$HIMS pulled back with the market yesterday and it appears to be a heavy rejection at the 1 Fib at $22.58, the structure is still in place and the price managed to find support on the green Fib lev...

SILVER - SAFE HAVEN -

SILVER did not hold its $30 level retest that we have been waiting for and has lost its 50 Day MA too at $30, so I have added in the corrective pattern I believe will play out now.

I would be...

$CRWD

$CRWD has upset the world this morning and we have just seen how important they are to the global digital ecosystem, however this was a big test for them and unfortunately they have not come out of...

$LABU- BIOTECH ETF -

$LABU is pulling back to retest the breakout level of the ascending wedge.

For me this breakout level is at $121 and $125, there is a one high at the $125 that must be taken into account too,...

$UBER

$UBER has lost is 50 Day MA today and is very close to testing its 200 Day MA next at $64.90

In the last update I warned of this decline and would likely be a shorters dream (tho we never sho...

$WULF

Hit the 1.618 Fib exactly at $6.51 yesterday and rejected today along with the market and the sector, this has worked out very well for us here and for current holders.

So wait for the pull b...

$VIX

$VIX has bounced strong today and is above its 50 and 200 Day MA after this week, we can see that it was consolidating between the blue lines at $14 and $10 since the end of April and has now broke...

$SHOP TOP 20

That has been a rollercoaster week for $SHOP, first bouncing on the 0.38 Fib after it was upgraded by BofA, bounced to the 200 Day MA and rejected and has now sunk back down with the market to the ...

$AMZN TOP 20

$AMZN is below the blue support line and the 50 Day MA but this has happened twice now since April and each time it has moved to a higher high, even the route back to the Bezos selling line at $200...

$PLTR TOP 20

Well this is something now

Above the blue line at $29.30 now, no retest of the breakout level because this has just happened.

This is certainly bullish here making new highs, Wedbush re...

$VICI - WATCHLIST - POTENTIAL SAFE HAVEN -

$VICI for me is still the best real estate play when interest rates are finally cut.

With a Gross Margin of 995
and New Margin of 70%

This is a fundamental dream.

Chart looks ...

$DELL - WATCHLIST -

This chart has been playing out brilliant for us

Calling the top at the 3 Fib at $178 and it has been on a strong descent since.

Losing the 50 Day MA and testing the 0.38 Fib yesterday ...

$CMG - RC -

$CMG is a company that intrigues me, a company that is now valued at $75 Billion which has effectively very weak barriers to entry but has done an excellent job expanding, keeping costs low and doi...

$CELH - WATCHLIST -

$CELH hit the $50.42 target like clockwork yesterday, a target I gave $CELH back in March when the price in the $90's

This is where the bulls need to step in now, the only support left in thi...

$CLSK

That yellow support line at $15 is a fortress!
Traders must be milking these rotations.

Back above the 50 Day MA and bounced 20% on the trend line again but needs to make a higher high abo...

$SOXL

$SOXL is painting a bleak picture now and it must be said that this is a 3 X leveraged position ETF, so will always look for volatile.

Price had pulled back just short of the blue line at $70...

$HAL

$HAL reports their earnings tomorrow before the market opens and it has been moving well leading up to this report.

The ascending triangle bottom line was lost at the end of May when the inte...

$AMD TOP 20

The Semi sell off yesterday was aggressive for a number of reasons:

• Rotation out of Tech/Ai stocks into Small Caps continued

• $NVDA lead this sell off and caused a r...

  2024-07-18 11:49:59 +0000 UTC View Post

HSI

The market continues to wait for details of any potential economic reforms from China's Third Plenum today, I am not aware what time this finalises at but I suspect something would need to be annou...

$OXY - WATCHLIST -

How many people in this group and online were kicking themselves when $OXY ran from $56 to $71 between Feb and March, now the price is back to $63, having retested the wedge trend line, held suppor...

$PFE

This sneaky snake

Consolidates for the entire length of 2024, holds on the 0.618 Fib for Wave 2 and now breaks out above its 50 and 200 Day MA and makes a higher high and goes above $30 on th...

$BABA TOP 20

$BABA looks set to finish the day resting on its 200 Day MA after testing it perfectly today at $76.50 to the cent.

Subwave 3 went just slightly ahead of the 1.618 Fib but rejected on the ret...

$QQQ TOP 20

No changes to this chart that we uploaded at the weekend

We can see clearly here that the price action has fallen right down to the 200 MA on the 1HR Chart

There has been excessive sel...

$V

$V is pulling back in a bullish channel here and has so far found support on its 200 Day MA and is sitting between the 50 and 200 Day MA now, as the price gets squeezed, we could see a breakout to ...

TOP 20 RESHUFFLE POLL

Top 20 Reshuffle

I am considering adding $V to the Top 20 list and will drop $COST

$COST is a fantastic company but I do not believe it is offering value at this level

I will lo...

$CFLT - RC -

$CLFT is in a descending channel right now but has held exactly on its 0.5 Fib at $25.

Bulls need to get back above the important moving averages at $28.50 in order to see an attempt made at ...

$NOW - RC -

$NOW is at a difficult junction right now.

It failed to make a new high and rejected heavy at our Wave B level and pulling back now, I believe that if the blue line at $703 is not held, then ...

$BMY - RC - DIVIDEND OF 5.83%

This is a very long term projection and I believe $BMY is on the verge of completing its ABC correction as it tests its 0.618 Fib now at $41.

I have looked at the fundamentals here too and th...

$INTC TOP 20

$INTC is directly benefiting from the Semi Sell off, particularly in $NVDA, $TSM, $SMCI and $AMD.

$INTC had not been following these companies higher over the last few months and declined rap...