The Long Investor

$TSLA TOP 20

This is what we have been watching for the last couple of weeks now and I am keeping to this until proven otherwise.

The big elephant in the room is the 200 Day MA.....I have spoken a lot abo...

$QQQ TOP 20

This has not put a foot wrong for a number of months now, it is behaving as expected and if the price action continues as shown, the market could recover very shortly, there may be some battle goin...

$PYPL TOP 20

Big week ahead and from the stir I have been causing online with $PYPL, it looks like opinion is divided....I would prefer more negative sentiment, I do not like when Twitter agrees with me.

...

$PLTR TOP 20

Another stock I have been updating a lot and there is very little to report as it has been pulling back in its corrective wave since missing on its earnings....which we have been delighted about......

$NKE TOP 20

I am starting to get concerned here with $NKE, we knew this was in an overall corrective wave but it has been struggling since before the market pulled back and the 200 Day MA is a resistance level...

$MSFT TOP 20

$MSFT and $AAPL are closely linked and we can see that both of them have been under severe selling pressure.

We need to remember that $MSFT ran incredibly extended in its Wave 3....usually Wa...

$INTC TOP 20

We could not be bullish about this, even when it was in its ascending triangle and I think the market feels the same about $INTC.....for now, their chips are just not at the same standard.....espec...

$GOOG TOP 20

Possibly the last Mega Cap that was holding up well but even this had a tough week and broke down from the triangle, so as we have this closely linked with $AMZN, it has the same possibility to be ...

$DIS TOP 20

Classic example of always needing to wait for confirmation of support before entering a position.....even then it can still be possible to lose support.....a lot of hype around $DIS earnings releas...

$COST TOP 20

I have added in the impulse wave count now as I can see a pull back.....which took its time to come in.

Overall the trajectory is clear here and I believe it goes higher.

It held the 50...

$BABA TOP 20

I update $BABA every day and I am sure you do not want me to say the line again (that China need a stimulus) we just need it to happen now.....until then, the Chinese companies will struggle.

$AMZN TOP 20

As many know by now, I have been looking forward to adding $AMZN at $120 for awhile now, especially as we have been waiting for Wave 4 to come in.....$AMZN certainly showed this week as no stocks w...

$AMD TOP 20

I think we are all aware of the plan here too, as I update this quite frequently.

It hit our 0.38 Fib on Friday and has bounced very well....so far, it has held support, because the market ha...

$ABNB TOP 20

I added this towards the end of the week to highlight that the price action has pulled exactly back to the trend line and this may act as a support level....we can see in June that $ABNB spent some...

$AAPL TOP 20

$AAPL continues to feel the selling pressure and cleanly went through the first gap at $175.

I have added in a gap below $170 and $167, this is between the .078 Fib and the 0.618 Fib

We...

$OPEN - RC -

I have been asked for an update on this but there is nothing to update here as it is following our count.

It is now testing our blue line where we had Wave 2 set.

I do believe that Wave...

$CVX - RC -

I am leaning here for $CVX to follow the $OXY route but to be clear, I believe $OXY is in a stronger position, for reasons I have wrote a lot about on the $OXY updates.

(mainly its carbon cap...

$RIG - RC -

The bullish case is still in play here and I've been impressed that it has gone above the blue resistance line and Wave 2 found support on the 0.618 Fib with a double bottom....all very bullish sig...

$ECL - RC -

Good example of what can happen when a long ascending wedge breaks down, as seen here from the start off 2022, the break down was almost the full length of the trend leading into the ascending tria...

$RKLB - RC -

Another favourite of $ARK and has pulled back with the many other Biotech companies over the last month, and many other stocks from across different industries.

Like $DNA, it has completed a ...

PET. TO - RC -

PET on the Toronto Exchange, this has only been on the exchange since July 2021, so it can be difficult to confirm the trend but we can see 5 waves down since hitting the high at $43.

So like...

$DNA

$ARK continues to buy this and there is certainly a battle going on at the 0.65 Fib at $1.62, which as we know is the ideal Wave 2 spot to hold.

The price has been battling all day at this ex...

$SQ

$PYPL and $SQ both continue to follow each other, both of them hit important trend lines today and have bounced very well.

I am still holding both, have not sold anything and I have doubled m...

$SHOP

The mighty Shop is even showing weakness and remember they were one of the first to report earnings on the 2nd of August and they smashed it, increasing earnings by 117%....but no company is safe a...

$FCEL - RC -

This Head and Shoulders pattern unfortunately played out as expected and just kept falling after the neckline was found and looks to be on course to test the wedge again at the bottom trend line at...

$MCD - RC -

$MCD has the capability to ride out any storm and because they are in most countries, they are able to diverse their exposure from one economy.

I see no concerns here on $MCD chart, even a pu...

$AA - RC -

We are seeing a lot of this at the moment, companies pulling back to complete Wave C of Wave 2....extending down to the 0.78 Fib, as they could not hold the 0.618 Fib due to market weakness.

...

$JNPR - RC -

ABC pull back here as part of an overall impulse wave, we can see that it had 5 very positive waves up to the start off 2022, and has been experiencing its ABC correction since....still a bit more ...

$SIEGY - RC -

Long term chart here, in Subwave 2 of Wave 3 right now so I expect this to continue its pull back to wave C between the 0.5 Fib at 0.65 Fib and the resume its trajectory upwards for Wave 3 at $139....

$CLSK - RC -

Very little to add here but that this is in its ABC correction and pulling back in a controlled manner.

I think everyone who was in here was comfortably that Wave 5 would not go much higher a...