The Long Investor

$DIS TOP 20 - WATCHLIST -

$DIS is looking attractive here as it has so far held its 0.5 Fib with the potential of having completes its ABC pull back.

The 200 Day MA is still below this level, close to the 0.618 Fib and red trend line, so this is a confluence level, so a final flush to this level can not be ruled out

If $DIS is a company yo...

$COST TOP 20

$COST had a difficult time at its 2.27 Fib at $808 this week but it appears to be following the market very well too, so this pull back may hold before going slightly higher as shown but I don't believe there is significant upside from here.

The 2.618 Fib is the upper limit of a Wave 5 and it is here at $863, so this le...

$BABA TOP 20

We need to be reminded that $BABA was stuck in a strict range between our blue line at $71 and the red line at $77.70 for most of 2024 and in May it finally broke out of this range when the HSI decided to finally reverse, we now have a retest of this level at $77.70 three times on the red line from above and each time it has ...

$BTC TOP 20

I added this late last week but just as a quick refresh, we can see that there continues to be some resistance at the $69k level which we know is a resistance line since Feb and the price is testing the 20 Day MA now.

Still no test of the 50 Day MA just yet, unlike the market and other Mega Caps, so it is still holding ...

$AMZN TOP 20

Needless to say I was getting excited to see $AMZN lose its 50 Day MA this week because as you all know, I want to reverse the truck into $AMZNs shares when the price completes its ABC count.

I added in the small white Fib levels to see where the flush got down to on Thursday and Friday and we can see that there was cer...

$AMD TOP 20

Mixed week for $NVDA and some wild swings took place on Thursday and Friday as the market weighed up the implications of the PCE figures but as we'll discuss on the $QQQ and $SPY charts, I believe it is nothing more than a retest of a support level.

$AMD initially lost the 50 Day MA on Friday but regained it into the cl...

$ABNB TOP 20

I sat watching $ABNB for the week, as it is still one of my top priorities to add again once I am convinced that the yellow support line can hold at $145

So far the price action has been thinking about it but still not managing to get above $145 and finished the week at $144

But it has managed to test and hold on ...

$DELL

$DELLs bubble has burst after a very impressive run this year.

I am a little skeptical of this Wave 4 here, it is very short compared to Wave 2 but it is valid in terms of the number of waves visible

But I am watching to see where support can be held

Right now we can see that support has been found at the 50...

$COIN

$COIN is also having a difficult day and it is quite vulnerable to PCE and economic data, along with the rest of the crypto sector.

The price has now dropped below the 50 Day MA and we should not be surprised to see a large drop to Wave C over the next few weeks to follow our chart.

The impulse wave to Wave 5 is q...

$DAL

So far the 50 Day MA has done its job here and has held and the price action has bounced off this level now, holding above an important support level too.

No changes to the chart and I still believe that Wave 3 is not complete yet.

The price action has shown that the 50 Day MA is a support level now too, so we can...

$HOOD

$HOOD is having some difficulty at the 2 Fib and down -6% but this is not out of place in todays market.

We have Wave 5 at the 2.618 Fib which is the upper limit of a normal Wave 5, so we will need to see how the price handles this 2 Fib first.

The bounce since Wave 4 completed is showing 5 waves already but we a...

$ASTS

Has jumped over 300% in 2 weeks as their 3 year decline is finally starting to pay dividends.

$ASTS is in the same sphere as Starlink but unfortunately does not have the same financial capabilities as them and so declined hard over a 3 year period until they gained enough recognition from some big players to help fund t...

SILVER

Some volatility in the market today and Silver is heading back to test the $30.10 level we were watching last week when we added.

The price has already held here once after a retest, so we will observe how it manages the second retest.

The 0.5 Fib is at $29.74 level, so the 0.38 Fib to 0.5 Fib t is the range we ar...

$DG

A lot of downgrades this morning for $DG after their earnings report yesterday in spite of a double beat, it has not reacted well to this earnings and has lost its 50 and 200 Day MA but is sitting on its 0.618 Fib right now.

Holding this level will be important, this is also surprisingly its Covid Low level too, on our ...

$ENPH - WATCHLIST -

Bringing this to your attention again as the price action continues to show strength and move to the important resistance level at $140

A break out here and a retest could be met with a strong move up to the 1.618 Fib for Wave 3.

A starter position on the breakout would make sense and a second buy on the retest an...

$HPQ

No changes to our $HPQ chart since we last uploaded it but $HPQ got its explosive move, a move that Buffett was expecting but I believe he has exited out of this position beforehand or drastically reduced his holdings here

So he picked the right stock but did not get the timing correct.....something I believe everyone g...

$SQQQ

As we know, the $SQQQ broke above the 50 Day MA in April but on the retest, it was not able to hold this level and has since broken down to a lower low as the $QQQ has moved higher.

Still below all important moving averages here so very little to be excited about here or considering a position right now I believe, I hav...

$ZS - WATCHLIST -

$ZS reported earnings yesterday after the close and it was an impressive report and up +17% in the PM now.

This is a stock we were watching but was really struggling leading up to earnings and lose all important levels and infringed upon Wave 1, meaning the pull back was likely an ABC correction.

Which did end at ...

$APP - RC -

Very straightforward set up here and a clear Cup and Handle formation, with Wave 5 aligning with the 2.27 Fib at $116 to complete this impulse structure, before an ABC correction will follow next.

Price action is comfortably above the 50 and 200 Day MA and using the 50 Day as support as it moves higher.

Nice looki...

$NIO TOP 20

I see that there was a possible leak this morning that $NIO are already prepared to celebrate over 20,000 cars produced this month, we will get this result confirmed tomorrow.

Will be interesting to see if $NIO performs well today in spite of the pressure on Chinese ADRs today because of this possible leak.

Very s...

$YINN - WATCHLIST -

$YINN is now exactly at the sweet spot at this confluence level

At the 0.618 Fib and exactly at where the 50 and 200 Day MA, where we can also see the 50 Day MA is about to cross through the 200 Day for a Golden cross.

This is certainly regarded as a strong confluence level but we need to see this hold now.

...

$BABA TOP 20

I have just uploaded the HSI chart, so it is worth reviewing that chart and the commentary with this $BABA chart.

PMI figures came out of China today weaker than expected so Chinese ADRs are under some pressure today in the PM.....and PCE figures are out today in the US too, so we can expect some volatility with these t...

HSI

Started off the day very well and jumped close to +1.8% and then started its decline to -0.8% after weaker than expected PMI figures came in:

'China stocks closed down on Friday, after an official factory survey showed the country's manufacturing activity unexpectedly contracted in May, while traders were also cauti...