The Long Investor

$SMCI - RC -

In our last upload of $SMCI 2 weeks ago, we said that this was in Wave 5 and would likely go above $400+ to complete Wave 5.....it is now up over 30% since then and it is starting to run out of some steam as $INTC has stuttered the sector with their earnings.

I believe there is a subwave 4 pull back before the final sub...

$COIN

Another continuation of strength today after holding at a critical level last week above the 0.618 Fib....another 5% pop after $BTC had a strong weekend too.

Like $SQ, if $COIN can get above its 50 Day MA at $138 and hold above this level, then bulls should be expecting a run up to Wave 5 as we projected, $207 is the ta...

$SQ

I highlighted $SQ on Friday that it could start moving when $BTC starts reversing again and we saw some positive movement from $BTC over the weekend and we also got a positive reaction to $SOFI's earnings and $SQ has jumped by 4% on the strength of both movements.

$SQ is at a strong support zone now between the 0.38 Fib...

$SPY TOP 20

$SPY and $QQQ are following each other remarkably now and comfortably above their ATH line.

No surprises from the majority of the Mega Caps this week and we can expect a movement up to Subwave 3 which should hit the top of the yellow trend line again, a channel which has been in place since the Bull Run began in October...

$QQQ TOP 20 - PLAN FOR THE WEEK -

Once the previous ATH line was broken, this has not looked back and the market is moving fast leading up to the Mega Cap Earnings this week.

The market appears optimistic that the majority of reports will be a positive beat but it is always a volatile time until the reports are out.

Let's not play any dangerous ga...

$PLTR TOP 20

This is of the highest priority for me this week, earnings are scheduled for Monday the 5th, so not next week so I flush down to the 200 Day MA could happen this week coming which would be a buy for me leading up to earnings.

I would be happy to accumulate here so close to the 0.5 Fib AT $14.

The rejection at the ...

$NKE TOP 20

Very little changes this week but some sideways consolidation, unless the bulls can recapture the 0.618 Fib at $102, there is still a risk of this coming down lower to test the yellow line again which is a historical support line.

Also the 50 Day MA is likely to cross down through the 200 Day MA this week which is not a...

$INTC TOP 20

Many people were surprised with $INTC's reaction to their earnings report this week.....except this group, we wondered how it would drop so low to our Wave C target in order to complete Wave 4 but as always, the market delivers. I believe the reaction has presented an opportunity here.

If $INTC can hold above this blue ...

$F TOP 20

$F bulls should be very happy with what they are seeing here.

We got the pull back to between the 0.5 and 0.618 Fib levels and so far holding support on the 50 Day MA....this is what we wanted to see after losing the yellow trend line that was a strong support level for the last 2 years.

We will be looking to see ...

$DIS TOP 20

Very little to add here, there is only so many times I can say that this has been following our trajectory and the hold at the 0.38 Fib was the clearest buy signal we could have got.

A break above the previous high and this will confirm that the next test will be at $102. $96.30 is the level to watch next.

I suspe...

$COST TOP 20

$COST is likely going to retest the Second Target again at $670, a hold here will likely bring this up to our Wave 5 target next at $720.

A significant pull back below the Second target level should be of interest to us, especially down to the 50 Day MA which is just above our Wave 4 level at $640 and a hold here too sh...

$TSLA TOP 20

I am adding the worst case scenario for $TSLA here, or as I call it the nuclear option.....those who are here long enough will remember the controversy I went through by having $TSLA's buy zone between $114 - $80.....it is the same buy zone I have had on this chart since October 2022.

Many were aggressively angry that t...

$MSFT TOP 20

I said back in August when $MSFT was at $325 and when the market was declining hard, also when many started to drop their head because $NIO was red and taking their eyes off the rest of the market, that $MSFT was the safest money you could buy, that it was safer than any bond.....some people bought but the fear from getting f...

$AMD TOP 20

$AMD has made a 98% gain from its 0.5 Fib at $93 in November this week.

A stock we have been following incredibly close all year and have been making very impressive profits....in spite of us wanting to add more when it pulled back but never pulled back strong enough for us to add substantially.

A 100% gain in a 2...

$AAPL TOP 20

Preliminary orders have come in for $AAPL's VR headset and they are apparently well ahead of expectations. A headset that costs in excess of $3500...this will substantially improve revenue expectations...so this is something I am waiting to hear from $AAPL from this week's earnings report.

The chart is also looking inte...

$ABNB TOP 20

When anyone doubts the power of EW Theory, just show them this $ABNB chart all year and the $BTC chart.....and the majority of our Top 20 charts and they will be amazed with it.

Some have not gone to plan, such as $NIO and $SE, bad management and missed targets from $NIO and two appalling earnings reports from $SE broke...

$GOOG TOP 20

When $GOOG held the 0.618 Fib at $132 we bought and said there was very little in the way of this moving up to the ATH line again at $152 and that is what happened....very comfortably and low risk entry and profit here now in 4 weeks and we could see this going a little higher this week, to complete a 20% gain.

Do not b...

$AMZN TOP 20

I have been very vocal that I believe that $AMZN returns to its ATH line at $188, it is the only Mega Cap reporting this week that is not at its ATH line and for me, it is one of the strongest companies in the group with the most upside over the next few years too.

Which is why it is one of my biggest positions....along...

$BABA TOP 20

$BABA has reacted well to Chinese aggressive stimulus measures this week and moved in step with the Hang Sang index.

The price bounced very quickly out of the buy zone, having only entered it for a few days and is now out of the buy zone already.

The 50 Day MA was the resistance level this week and I have added in...

$PYPL TOP 20

$PYPL finished the week by holding on the 50 Day MA and staying between the 50 and 200 Day MA.....the bulls defended the 50 Day MA with their life after the CEO's innovation announcement, it was met with mixed emotions......followers (including myself) were expecting a show stopper announcement, such as merging Venmo and Payp...

$BTC TOP 20

$BTC has continued showing strength all weekend after holing the 0.38 Fib at $39,700.

We can see that $BTC also held the 0.38 Fib in June when it held for Wave 2, so we have no reason to doubt that this level will not hold for Wave 4....considering it is the standard Fib support level for a Wave 4.

Again, no chang...

$COIN - RC -

No changes to the $COIN chart but it is worth looking at as we go into the weekend where crypto tends to dominate the interest of many.

$COIN absolutely needed to hold above this blue line which is also the 0.618 Fib at $114 in order to save the impulse wave and it has done just that.

Crypto delivered today for th...

GOLD - SAFE HAVEN -

Gold is in the sweet spot right now between the top of the ascending triangle and breaking out above its ATH line and holding a higher support.....this looks like an accumulation phase now.

The price is still above the 50 and 200 MA on the weekly chart...I suspect it will stay put here while the market continues to push...

$TLT - SAFE HAVEN -

$TLT has been working its way down through the Fib levels and for me, it has not found support just yet and has also lost the 50 and 200 MA....which is a good thing, because we want this to come down lower in order to add as we consider it a safe haven when the market corrects.

The 0.5 Fib at $91 is of the highest inter...

$SKX

$SKX one of the clearest bullish charts over the last few months and has not put a foot wrong and nobody is buying it that I can see.

It is flying under the radar and moving incredibly controlled and hitting all the right Fib levels for support.

Holding the 50 Day MA in November was another buy signal and is up 30...

$PSNY - RC -

$PSNY has another breakout here from its long wedge but no retest just yet, we can see at the end of last year that it broke out but did not find support at the retest.

If we get a retest here of support on the wedge line at $1.80, we can add a count, until then, support is not confirmed.

Nice to see from the EV s...

$MELI

How many charts are we seeing like this at the moment?

So many large caps are just stretching for their ATH lines and $MELI is not different.

The majority of the Mega Caps are there or thereabouts (with the exception of $TSLA) and those that have been lagging are starting to catch up...$NFLX, $AMZN and now $MELI 2024-01-26 22:16:26 +0000 UTC View Post

$SQ - WATCHLIST -

If you missed the $ABNB bounce today, $SQ is positioning itself in the same manner and so is $PLTR.

My next target is $PLTR after adding $ABNB today and already up 5% now.

But I am heavy in $PYPL so if you have no exposure to this sector then $SQ may be the right pick for you.

$BTC's movement is very influen...

$DNA

Cathie and ARK funds continue buy an enormous amount of stock in $DNA.

I get that adding here above the $1 line is attractive on a R v R basis.

$DNA still has a lot of work to do to turn this around again and start looking bullish, first objective would be to get above the 0.887 Fib at $1.29 and turn this into a s...

$PATH

Continues to hold very well on the 50 Day MA and above the 0.38 Fib for Wave 4.

I spoke in length before about how bullish this set us has been and continues to look and believe this will move up for Wave 5 as shown.