The Long Investor

$HIMS

Second update because I know a lot of members are considering taking profits and deploying into other positions we are looking at

Price action is very close to its 1.618 Fib at $21 now and this may trigger some selling, especially after such a strong move.....we know what happens after strong moves like this, parabolic ...

$U - RC -

$U has been struggling since $AAPL's sales have declined and the lack of attention towards $AAPL's overpriced VR headset.

It has pulled back all the way to the blue line which was the 2022 low at $21.

$U needs to hold here or things become difficult for $U and can drop hard.

A hold here and we could see a re...

$SOXL

This chart was doubted a lot and I get it....$AMD, $TSM, $INTC all pulled back aggressively and so did $NVDA but not to the same extend.... but $NVDA appears to have one more leg up, while the others have had their full 0.618 pull backs....so the dynamic looked weird.

Remember a market or a sector ETF is a mean of all t...

$IQ

Sit back, relax and let the price action do all the work.

I set forward the reasons why I am bullish here and that remians.

People believe that when it jumps 13% after we buy, that this will happen immediately again, that's not how it works

How it really works?....the market has just given you another opport...

$LI

$LI reported today and it was a double miss which is rare for $LI, as they typically execute to the highest level.

However there is not a single change to the chart

Leading up to earnings the price was between two Fib levels, it would be rare to see a reversal without testing or holding an important Fib level or s...

$TDOC

$TDOC can only look on at $HIMS and wonder how could they have executed so wrong when the sector was prime for the taking.

Their acquisitions may have gone down as one of the worst in history and almost crippled their company.

They have massively reduced their debt and losses but the pain to get here has taken its...

$HOOD

$HOOD is in a good position here to test its previous high at $20.55 and once this level is broken out, there would be very little in its way to push even higher.

We have set the Wave 5 target at $24.87 and I believe we are only in Subwave 3 of Wave 5 now too so there is still plenty of upside available here before Wave...

$AFRM

Getting very tight here now for $AFRM

The 50 Day MA and the 200 Day MA are squeezing the price action into a very tight position, the price action can not stay in this position when it happens, I see an explosive move happening.

Our count is showing that it is higher for Wave 5 but this sector continues to be unde...

$HSI

Simple incredible by the HSI, within a whisker of the 1.618 Fib for our Wave 3 target and on the same day the 50 Day MA is about to cross through the 200 Day MA for a golden cross.

There is undoubted strength here and a pull back for Wave 4 will be needed shortly and I want to see more control.

We have an aggressi...

$NIO TOP 20

Consolidation continues above the 0.38 Fib at $5.09 and the 50 Day MA, holding relative strength compared to $LI too, who had a disappointing earnings.

I think $NIO need to announce their earnings date soon, not announcing a date may do more damage than good, it is also expected by the end of this month too.

We wi...

SILVER

SILVER spiked at the opening of futures last night, up 4% at one stage and was on a fast track route to hit our First Target at $33.30, it has since cooled down slightly but remains in a strong position to continue moving higher since the breakout above the $30 level, a resistance level of over 10 years.

A retest of $30...

$HIMS

'Hims & Hers unlocks access to injectable GLP-1 medications, expanding its holistic weight loss program focused on personalized and affordable solutions; prices start as low as $199 a month.'

This explains why the $HIMS CEO was also very confident leading up to earnings and during his earnings call.

They knew ...

$QQQ TOP 20

$QQQ and $SPY are still in perfect sync right now, as the Mega Caps continue to gain influence as their share prices move higher.

The commentary is almost identical to $SPY too, the ABC correction has been moved sideways and looking to end at the start of Q2 next year, as the market continues to push higher and 'melt up...

$SPY TOP 20

$SPY continued its drift higher from last week and hit the $531 level, finished very close to ATH levels to finish the week.

I have moved the ABC correction past our Wave 5 target since a new high has been made.

A retest of this level will confirm that the drift up will continue to $550.

$NVDA reports this w...

$TSLA TOP 20

$TSLA has continued to pull back since its Earnings bounce has been negotiating with the 0.5 Fib at $168 for support and has so far found support on this level

Price is also back above its 50 Day MA too.

$TSLA does not show the same amount of strength as their other Mega Caps right now and even $AAPL, which it was...

$SHOP TOP 20

I was asked today in the chat group, whether I'd use some of my cash reserve to buy $SHOP and it's a good question.

The reason we have been building our cash reserve is to buy stocks that have completed their ABC correction and intend to add a number of positions that have done this and build our portfolio around these ...

$SE TOP 20

$SE, in spite of its earnings miss, has managed to break out of an important resistance level, above its previous high and has started to gather attention again from the masses, very little was spoke about $SE for the last few months on X and I see this ticker mentioned a lot now.

It is now up over 100% since finding su...

$PLTR TOP 20

$PLTR is still struggling to find its feet post earnings report but still managing to stay between important Fib levels and between 50 and 200 Day MA's....as time goes on, these MA's will merge and as we know, a direction will need to be taken by then.

The white circle also remains the sweet spot if the price can test ...

$NKE TOP 20

$NKE commentary sounds like a track on constant repeat.

Another week has gone by and this has still not taken a direction but also still being kept down by the 50 Day MA.

$NKE has not been moving with the market either ....$SKX and $ONON have been performing well, while $LULU and $NKE continue to be under pressure...

$MSFT TOP 20

$MSFT has been following behind the market now, as the market has pushed to new ATH's

$430 is the previous ATH line and a break above here will confirm that $MSFT will get another leg up and a run to $456 next.

$MSFT 's decision to move into cloud services while $AAPL decided against this but in a limited capacity...

$INTC TOP 20

$INTC is getting its bounce, as is $AMD and they are both following $NVDA and $TSM

Big week for the sector as $NVDA report after their earnings on Weds.

The vast majority of all earnings are now released, with all the big hitters out now too, only $NVDA left, it has the ability to disrupt the market but I can't im...

$GOOG TOP 20

$GOOG is drifting higher now and using the yellow trend line as its guide to push to our Wave 5 level.

It really has been an outlier up here and is the strongest looking Mega Cap right now, even more so than $NVDA and a far cry from the $131 level in March after its disappointing Gemini launch

I see no other scena...

$DIS TOP 20

$DIS is looking interesting now, the pull back keeps drifting lower and no relief bounce yet for Wave B and support has been found on the 0.5 Fib so far.

I an open to the possibility that this is now in the middle of very sharp ABC in red pull back, as I am seeing 3 waves down so far.

Both Wave C's, in amber and r...

$COST TOP 20

$COST extended this week and hit a high of $805 before pulling back towards the end of the week to $790.

I believe it can still reach the 2.27 Fib at $808 but the fundamentals for $COST now are overvalued with a PE of 52 and a FWD PE of 45, while the technicals on the charts also extended now.

This is not somewher...

$BABA TOP 20

$BABA has rallied post earnings and we got a flush directly after the report was announced, it hit the red line perfectly, we bought, sent out an alert and the price action just took off from there.

Successful investing week all round for us.

Wave 3 has now gone beyond the standard 1.618 Fib at $87 and hit $90 thi...

$AAPL TOP 20

$AAPL has bounced on the 0.5 Fib from $164 and hit $190 this week post earnings, after revealing they are buying back shares to a total of $110 Billion.....although it has rallied, I don't believe many people are too enthusiastic about entering here because of how damaging their sales declines have been.
After such a large...

$PYPL TOP 20

$PYPL is doing what it does best, moving sideways in a controlled manner.

The longer the market drags out, waiting for the Fed to pivot and reduce rates, then the longer this saga can continue.

We are seeing the same for $SQ, $AFRM and $SOFI too

$PYPL and $AFRM look to be in the strongest position to benefit...

$AMZN TOP 20

$AMZN continues to intrigue me because it is still struggling at its ATH line at $188 - $190, it has tested this range but rejected on both occasions, it may need a test of support at the 50 Day MA at $181 before it can show strength and move higher to complete Wave 5 at the alternate level at $210.

Losing the 50 Day MA...

$AMD TOP 20

I understand we have a lot of nice set ups right now but I suggest following our Top 20 charts if you are conflicted on what to focus on.

$AMD is another stock that is drifting higher and popped its head above its 50 Day MA this week but finished the week just below it....but above our blue support line.

$NVDA rep...

$ABNB TOP 20 - WATCHLIST -

Is this so clear right now that it would be foolish of us not to take advantage of this set up?

• Pulling back to the ascending triangle breakout level

• Just above the 200 Day MA

• On the 0.65 Fib

• Finished the week holding too

• RSI is at 32

• ABN...

  2024-05-18 19:05:53 +0000 UTC View Post