The Long Investor

$IHI - US Medical Devices ETF - WATCHLIST -

I like the look of this chart and the breakout of this long wedge, retest of the wedge from above and bouncing above the 50 Day MA now.

Next test will be a drift up to the blue line at $67 ov...

$SKX

Is officially the chart that nobody wanted

In spite of its clear impulse wave and positive movement.

There has not been a single change to this chart for the last year and Wave 3 is und...

$CVX - RC -

No changes to the chart here, Wave 5 remains at the 2.618 Fib at $200.

Price has held on the 0.5 Fib at the 200 Day MA above $153 so far.

$TAN - RC -

It has been a long time since we uploaded $TAN last and when the price broke down in Apr '23, this fell off our radar as the price action looked doomed to continue falling until our blue line at $4...

$SNOW - RC -

I have eliminated the impulse wave on this chart as an option because the price action is following the corrective wave very well here and I do not see this movement in any way an impulse count. 2024-06-10 11:32:24 +0000 UTC View Post

$TGT - WATCHLIST - SAFE HAVEN -

$TGT is looking attractive here.

Holding on the 0.5 Fib and the 200 Day MA, after hitting $182 for Wave 1 and pulling back in a controlled manner for Wave 2 and finding support in the correct...

$LUV

Up +7% in the PM now after Elliott reveals an activist stake in $LUV and I spoke about this happening with $JBLU over the weekend.

These two airlines are not being run correctly and are falli...

$CRWD

$CRWD has been added to the S&P 500 after having an astonishing 18 months, reporting 270% gain over that period, $PLTR also had a great period but fundamentals are slightly better with $CRWD an...

HSI

Another test and hold on the 0.38 Fib today at 18315.
Managed to finish the day down -0.5% but it is another day holding above this level and the 50 and 200 Day MA's.

I suspect the flat da...

$NIO TOP 20

Chinese policy makers have offered a subsidy to new EV buyers in China to replace their petrol cars and expect to run this subsidy until the end of the year, I suspect if this is successful that wi...

$QQQ TOP 20

CPI figures are out on Weds morning 0830 EST and the market is showing that they believe there is no concern here and that they do no expect the figures to be hot.

This did catch the market o...

$SPY TOP 20

$SPY finished the week making another ATH and looks set to continue this month higher and the target of $550 is a realistic target here.

Unless something obscene happens in the meantime or $N...

$TSLA TOP 20

$TSLA remains in a strong position here as the market awaits Elon's vote on his compensation package, which is due to take place on the 13th of June at the annual shareholder meeting.

Retail ...

$SE TOP 20

$SE found support on the green line at $67 and reacted very well.....bulls seem undeterred by the investigation taking place on grounds of competition.

We can see that the price action is glu...

$PYPL TOP 20

$PYPL got a very strong reaction to holding on its 0.618 Fib and 200 Day MA last week.

In the same week we heard that a number of super investors have added significant amounts to $PYPL, also...

$NKE TOP 20

$NKE announced during the week that they are cutting jobs and the market responded very favourably to this news.

We were also seeing positive moves for $ONON and $SKX, while $LULU also report...

$MSFT TOP 20

$MSFT finished the week back above its 50 Day MA and has moved well along with $AMZN and $GOOG, we can see now that $MSFT has also successfully completed a higher high and a higher low since the st...

$INTC TOP 20

$INTC is fundamentally falling into an undervalued position now, with their FWD PE at 15, with healthy margins and strong growth over the next 5 years.

Right now I am not considering a positi...

$GOOG TOP 20

Very little to add here too and like the majority of our Top 20 Charts each week they tend to follow our projections for months at a time

$GOOG like $AMZN has held its pull back level so far ...

$DIS TOP 20

$DIS struggled at its 0.5 Fib this week and looks set to lose it this week ahead and test the 200 Day MA which is just at the red trend line, which was the downward channel it was in before 2024. 2024-06-08 23:52:05 +0000 UTC View Post

$COST TOP 20

$COST has been a remarkable story over the last 2 years and it shows that buying a strong, steady company can still achieve outstanding returns, in spite of revenue growth being modest below 10%. 2024-06-08 23:48:51 +0000 UTC View Post

$BABA TOP 20

We follow this closely most days so there is not a lot to add here but we know the price action is at an important level right now.

Holding:

• Above the 200 Day MA

• ...

  2024-06-08 23:44:49 +0000 UTC View Post

$AMD TOP 20

I ask that you stick with $AMD and give this chart time to play out, we can already see that it has moved very well since the 200 Day MA and the 0.618 Fib.

Price has also recaptured the 50 Da...

$ABNB TOP 20

$ABNB remains above the $145 line and we said during the week that we continue to monitor this hold and strength to see signs of a reversal to the upside.

I believe if the market continues to...

$AAPL TOP 20

$AAPL has almost been forgotten about lately as an investment opportunity and only gets attention because $NVDA is battling to overtake it on the valuation front.

$AAPL is still an enormously...

$AMZN TOP 20

Highlighted during the week that it was in a good position to bounce and move higher and I put out a recommendation that if you were to add a Mega Cap this week, $AMZN had the best set up. Price ac...

$BTC TOP 20

Very little to add on here from my commentary during the week, price is still at $69k now, a price it was also at on the 4th of March, so there is considerable consolidation here.....however it is ...

$PLTR TOP 20

$PLTR had a good week on the strength of their AIPCON promotional conference, where they brought in the companies that use their software to show how $PLTR helps them in real world situations and a...

$SHOP TOP 20

Two of my Buy Alerts went out this week, my Second and Third Buys and I explained that I won't be buying anymore until there is a bounce and pull back from this position now.....we can not rule out...

$SOFI

Without EWT, simple Cup and Handle formation with a tightening wedge.

The EWT chart for $SOFI is available with a full count and long term projection by looking through the search function. <...