The Long Investor

$SE TOP 20

$SE beat on revenue but reported a surprise loss but the market likes it and it is up +7% now

I would be very surprised if this bounce now was anything more then the last leg of Wave 1 if I am being honest

I still expect Wave 2 to come in next and the pull back is always relative to how high Wave 1 goes, so the Wa...

$BABA TOP 20

Ok mixed earnings from $BABA

Revenue increased but profits dropped as they aggressively spent to expand their cloud division.

A number of companies within $BABA's framework performed very well and carried the rest of the company.

Free Cash Flow misses were hammering stocks during the earning season for the l...

$YINN

Very nice here from $YINN, it is an ETF we have been following and highlighted since $16 and it touched $30 yesterday.

It has been moving flawlessly and glued to HSI's path too.

Price is just at the blue line now as we wait for some of China's biggest companies to report this week, starting with $BABA in the next ...

$MRNA

$MRNA has given us the retest of the $115 blue line which was also the ascending triangle breakout level too and bounced, it was also one of the best performing stocks in the S&P 500 yesterday.

Price is also above the 50 and 200 Day MA's here too.

One concern is that their fundamentals are not great but I have...

$BMBL - WATCHLIST -

This is not a meme stock but it has a perfect set up to move higher, very quickly and has good fundamentals.

After reporting a positive bear last week, the price is up over 10% and broke out of its small, wedge, 50 Day MA and its larger wedge.

Price is comfortably holding above the larger wedge now too.

Sinc...

$BTC TOP 20

$BTC got another bounce on the 0.236 Fib yesterday, likely brought on by the meme euphoria but also this has been a support level since March.

So the price has been hitting support and bouncing to the top trend line and 50 Day MA and rejecting....so something will need to give shortly, as these trend lines merge on each...

$IQ - WATCHLIST -

I am bringing this to your attention again, as they report on Thursday before the market opens.

Price has bounced between the 0.78 Fib and 0.618 Fib for Wave 2 and is back above its 50 and 200 Day MA leading up to earnings so bulls feel confident going into this earnings report, without a parabolic move first.

So ...

$ONON - EARNINGS JUST RELEASED -

$ONON is up +6% in the PM now after raising their 2024 guidance and said they expect 30% growth for the year.

For the last 2 months, this had moved sideways and yesterday the price tested the 200 Day MA and the 0.618 Fib at $29.92 exactly and held just before earnings, so a strong report today has allowed this to bo...

$HOOD

$HOOD has tested its 0.38 Fib level at $16.60 8 times now and has held but we need to see a higher high and higher low next to confirm that it is trending to the upside next, otherwise it is just consolidating along this level and a failure to move higher means it is at risk of losing this support level.

$HOOD was also ...

$CSCO

Are due to report their earnings on Weds, fundamentally a very strong company but is not performing well on growth, that being said, it continues to hold on the 0.618 Fib at $46.

$CSCO has not missed on earnings since 2008, which is an incredible record.

My Wave C chart remains valid here as long as the price stay...

$RXRX - WATCHLIST -

Back above the 50 and 200 Day MA after reporting another beat on earnings estimates and jumped 16% today.

We can see that the pull back since March came all the way down to the 0.78 Fib and has bounced strong now, we are looking at confirming Wave 3 next once we can flip the 50 Day MA to support, by observing a retest o...

$AMC

$AMC is in the same category as $GME, it is nowhere near a suitable long term investment

But these phases of meme stocks getting pumped and dumped are unlikely going to last over one session

I will not be getting involved in this but I know a lot of members are curious

So using the same theory as we did to f...

$ADBE - RC -

It has been a number of months since we last uploaded this and I had not checked in on the chart until today because it was brought to my attention

We can see that the price action hit our Wave A level and bouncing on the 0.5 Fib, if it can continue to hold above the 0.5 Fib, it can continue up to our Wave B level as sh...

$COIN

Continues to follow $BTC very well and has also rejected at its 50 Day MA once so far.

$BTC is again holding on its 0.23 Fib for now, whereas $COIN has lost its respective level.

I think this is still in a corrective wave and Wave C needs to complete before moving higher.

Long term I think $COIN will benefit...

$FUTU - WATCHLIST -

Not seeing many people talk about $FUTU, in spite of how bullish the chart is looking at the moment, along with the other Chinese ADRs, maybe we are being spoilt with choice at the moment with these stocks.

Price is just raising its head above the blue line today at $72, a flip of this level to support and the bull case...

$GME

Well damn!!!

The theory holds true.

Still a useless stock.

$DAL

$DAL got a strong PT raise today from HSBC and added that it is on their recommended Buy list.

Though its been on our recommended list since the $30's

We can see that the price action is reaching for the 1.618 Fib at $56 as it is behaving like a magnet.

I will likely not sell even at Wave 3 here and just con...

$HIMS

$HIMS is bouncing well today with the market but we need to start seeing some follow through now next.

Price is just at the 0.38 Fib now at $12.76, I would like to see this level flipped to support and then an attempt is made on the 50 Day MA and converting this to support next too, when I see this, I will be happy that...

$BIDU

Difference between $BABA and $BIDU right now is that $BABA is in Wave 3 and $BIDU is still between starting Wave 2 and completing Wave 1.

It is not decided yet which one it is in, tho a pull back has started.

We can see on the $BABA chart that its Wave 2 pulled all the way back to nearly the start of Wave 1 before...

$BABA TOP 20

$BABA and the HSI are moving together and this has moved very strong leading up to earnings.

We can see that there was a retest on the red line and the 200 Day MA and that was used to aggressively bounce higher leading into earnings tomorrow.

This can still run as high as the 1.618 Fib at $87 and our blue line bef...

HSI

Is running to the Wave 3 target and we are seeing parabolic moves but saved by being in its Wave 3.

With important earnings this week from China and Chinese policy makers announcing a special bond sale today to free up capital for expenditure, this is driving the HSI higher.

It has been an explosive breakout for t...

$GME

I don't like $GME

I don't recommend buying this trash

and it is everything that is wrong with investing, traders are going to pump and dump this and many people will lose money.

$6 remains my target.

That being said, I have added the first and second targets here because there has been a wedge breakou...

$NIO TOP 20

Big week for Chinese ADRs this week as many will be reporting earnings: $BABA, $BIDU and $JD being the popular ones.

They will likely move together, starting with $BABA before the market opens tomorrow.

It is already moving well in the PM like $NIO.

I can still only see 1 small wave pull back so far here, so...

Undervalued Positions - Important Note -

$SPY TOP 20

I have also added in the extended Wave 5 option on this chart too to keep all options open and to give some clarity on the movement of the market so far.

$SPY is also exactly like the $QQQ chart, it broke above its 0.78 Fib level that we were watching at $518 but we have not seen a retest of this level yet either.

$QQQ TOP 20

Like I have done on the $AMZN and $MSFT charts this week, I have added in a potential extended Wave 5 target for $QQQ and $SPY charts, there is no way that I can rule out either option until we get the CPI data on Weds.

Bulls have also run very well in this bounce and have hit the 0.78 Fib at $441 but has not completed ...

$TSLA TOP 20

$TSLA has pulled back since its earnings bounce euphoria and is still in search of confirming support

The price finished the week on the 0.5 Fib but we would need to see more price action to confirm that this is a solid support level, a number of tests would be needed....otherwise this can move down to the 0.618 Fib at ...

$SHOP TOP 20 - NEW ADDITION

$SHOP is in and $F is out.

It is the first of 3 changes this year and I am really excited to see $SHOP move down to our Wave C level and to be added to our Top 20 list as planned.

I have added in the projection for the next 2-3 years and I will add this again to the Long Projection folder

Support has not yet...

$PYPL TOP 20

I am watching to see how $PYPL behaves moving down to the 0.618 Fib at $61, after we showed this completings 5 waves up.

$PYPL in spite of what looks like set backs, has still be able to log higher highs and higher lows, so it is misleading to believe that this is moving in the wrong direction......also moving sideways ...

$PLTR TOP 20

The 200 Day MA and the 0.618 Fibs are between $19.11 and $20.16, so I have set the buy zone between these levels and this would be considered a strong confluence level.

We have seen that the price action held at the 200 Day MA twice here over the last 12 months too before moving considerably higher.

Margins across...