The Long Investor

$BABA TOP 20

It has not been pretty but $BABA has bounced where it needed to....at least in the short term and the impulse wave is valid.

We can see that there was a strong confluence level where the yell...

$NIO TOP 20

$NIO was testing the trend line last night into the close and we can see in the PM now that it has broken out and receiving a much needed bounce.

We are in a situation now where Wave 4 is val...

$QQQ TOP 20

Remember folks, it is all just part of the plan.

Look at how identical Wave 2 and Wave 4 are moving, even to the initial bounce in Wave 2 and rejected trying to get above the previous high, t...

$PLTR TOP 20

$PLTR was a rare green today and holding the 0.38 Fib line very well.

It needs to complete Wave B before finishing Wave C and starting Wave B at the 0.38 Fib is the perfect spot.

I woul...

$JBLU

$JBLU and $LUV have done very little today apart from hold support and move sideways, another two stocks who are doing their best to manage this turbulence (ahhhh)...jokes aside, $JBLU and $LUV do ...

$GPS

Holding well and moving sideways while other stocks are declining so holders here must be happy with what they are seeing so far, as long as this stays within the parallel lines for wave 4 of Subwa...

$BTC TOP 20

Although $BTC has not started its Subwave 3 move yet it has also barely moved along the 0.38 Fib level too.

Possibly a show of strength during difficult market conditions which is a good sign...

$META

Is right on the 50 Day MA now on the daily chart, we can see that this level has already been lost on the $SPY.

I am wondering if $META can sustain this price after a very unstable climb up f...

$DNA

Exactly at our Wave 2 level now but caution must be advised at the moment.

The market is on a knife edge and it is difficult to see many stocks turning around now and starting Wave 3.....espe...

$F TOP 20

$F is in the golden ratio now from the highs and low of the last 4 years, shown by the white Fib levels on the chart here.

This point is also near the tip of the wedge which $F had broken out...

$BABA TOP 20

Price has not held the 50 or 200 Day MA, after holding well for the day yesterday.

Troubling news continues to flow out of China and the worry of course is that we know the economy needs help...

$SE TOP 20

$SE is in pain territory and in the bear case now below the blue line after not holding the blue line at $40.61.

Did $SE deserve to lose $9 Billion in market cap yesterday for a decrease in r...

$KBRN - RC -

Carbon strategy ETF is in a tightening wedge since the start of 2022, this wedge could continue until 2024, only when the price has broken out of this wedge can we determine what is next.

A b...

$NVO - RC -

Very similar chart to $LLY, continues to make some bullish moves and comfortably above our blue line here.

The extended 3.618 Fib is at $217 and I suspect that this will continue its trend an...

$LLY - RC -

Getting into extended territory now for its Wave 5 and we can see some parabolic moves too.....possibly on the strength and popularity of their weight losing super drug, speaking to a doctor recent...

$RVLV - RC -

Hard rejection at the blue line from below after testing it, lost the 50 and 200 Day MA on the daily chart so I suspect this will continue its trend down to the first target.

It is possible t...

$NIO TOP 20

$NIO continues to be controlled by this strict downward channel and any attempts to hold support is dropping in each PM and this then controls the direction for the day, this has happened 6 times n...

$PLTR TOP 20

This is keeping strictly to the plan here and it is a stock that our members love and would like the opportunity to add or start a position when it completes Wave C.

Nobody would have an issu...

$SOFI

Into its second tight descending wedge here and in between our blue lines which have been support and resistance lines in the past.

Once the price can stay above the blue lines, the count is ...

$FUBO

Still no bounce yet for Wave B and very little has been bouncing at all so there is a possibility that a relief bounce will come soon during this market correction.

Still too early to re ente...

$FSR

Has been feeling the pressure like every stock at the moment, especially in the EV sector.

But a positive news was announced today that $FSR now has access to $TSLAs charging grid all around ...

$PYPL

A lot of interest here so it is good to keep members updated on this, even as it struggles to find support.

If this loses its previous low at $58.95, the cycle starts again, I suspect it will...

$NIO TOP 20 AGAIN

In the strictest of channels down here on the daily chart and has not stepped out of this channel to the downside or upside since it has started.

I am ok with this.

Uploading this chart...

$LUV

Pulled back to $32.86 today and the 0.65 Fib is at $32.85, so behaving very well here, in spite of a lot of red and uncertainty.

What I like the most about $LUV is how it has held above the t...

$SPY TOP 20

$SPY is still managing to hold onto the trend line and the 50 Day MA from above....unlike the $QQQ which has lost the 50 Day MA and testing from below....so Tech stocks are taking a harder hit as w...

$RIVN

$RIVN chart is almost identical to the $NIO chart, very strong pull back and we cans see that every car manufacturer is experiencing this right now.....from $TSLA to $LI.

Remember have the bl...

$ONON

Has missed on their earnings and down -63% on their EPS and the market correction has not been kind, -16% today but we can see on the chart that Wave 5 hit the 2 Fib, which is the standard level fo...

$QQQ TOP 20

Remember where we are in the market, just more than half way through this correction, for weeks we have been saying that this is coming and even while we are in the correction, we said that this wi...

$DIS

On the 1hr chart here and $DIS has dipped back into the wedge again....no company is safe right now and they must all ride this storm until it passes and you do too.

Staying outside of the we...

$BABA TOP 20

Price has now pulled back to the 0.887 Fib and still trying to find support.

This is the daily chart and we can see that the 50 and 200 Day MA is just below at $91.

This is a double sup...