The Long Investor

$NIO TOP 20

Lost the red support line at the opening quite violently and has struggled to find much momentum today too.

$NIO has also gone within $0.03c of reaching the bottom limit of our Buy Zone at $5.83 which has been in place since October 2022.

This is somewhere we never wanted to be, although this was considered the nu...

$BABA TOP 20

Interesting pop today mid day after Baird added their PT for $BABA at $90 which indicates a price move back up to our blue line which has been an important resistance/support line.

$BABA lost the yellow support line this week but has now regained it during this pop but we will need to see if it can stay above $68.80 to ...

$VFC - RC -

No changes to the chart here.

We still have Wave C completing at the end of 2023 and have provisionally added in the impulse count because there was a breakout of the long downward channel and we are seeing some consolidation now.

But we need to see a break out above the 200 Day MA to confirm the reversal and anti...

$XLK - RC - WATCHLIST -

$XLK this is as straightforward as any chart is going to get.

This is the equivalent of the $QQQ we chart regularly.

We can see that the bottom yellow trend line of the channel aligns perfectly with the weekly 200 Dma too. The trend is clear here, a series of higher highs and higher lows is confirming the trend an...

$CVS - RC -

Sharp pull back here since hitting the Second Target, we can see that the 200 Day MA is perfectly aligned with the 0.618 Fib level at $71.50 so this is where I expect a test will happen next and a hold here would be ideal, as it is the standard Wave 2 pull back level.

If this level does now hold then the bulls need to s...

$STRL - RC -

$STRL has run from $6 to $90 since 2020, so I suspect this is as close to the top as it is going to get before a substantial pull back is needed.

I have added in the White Fib levels to watch for as pull back levels and we can see that Wave 5 ran to the 2.618 Fib which is slightly extended.

If the price somehow br...

$PYPL TOP 20

$PYPL is seeing a further positive continuation in the PM now and we can see that the PM price action is just at the 200 Day MA on the daily chart.

This is a very important level, we can see that the price rejected at this level in early December and has struggled at this level for the last 2 years so this time we need ...

$ETHUSD

$ETH is now approaching its 0.618 Fib and the yellow support line, which was the top of the bull channel it broke out of on the 10th of Jan.

This is an important confluence level now and it is fitting that the 0.618 Fib aligns with this breakout level.

A hold here and we have our new support and a move to the 1.61...

$HPQ

It has been a long time since I last uploaded this but we can see that the price has just been consolidating above the 0.618 Fib and holding its structure well.

What the bulls want to see is a break above the previous high next from mid 2023 at $34 and then we can expect to see a run up to the blue line at $41 to test t...

$ADYEY - RC -

Perfect bounce on our Wave C level and has bounced very aggressively and very similar to $SQ.

Rejected twice now trying to get above the 200 Day MA so it may be time to pull back to complete Wave 2 here which is not a bad thing and will help give an entry point to those who want to add or start a position if they missed...

$PYPL TOP 20

Very positive reaction to the CEO's announcement yesterday, setting forward his plans to reinvent $PYPL going forward, his exact words were: 'We are going to shock the world!'....these sort of statements, although ambitious are exactly what we want to here....they need to do something to turn the sentiment around and taking a...

$DLTR - SAFE HAVEN -

Nice pull back now and we have been waiting for this and do not want to see this run before the market starts to pull back.

We can see that the price action has lost the 200 Day MA now so this is a good sign that the trend is moving downwards to our White Fibs levels, as always under the 0.5 Fib level is the ideal level...

$MED - RC -

$MED has broken down from this long wedge and this is moving fast to its Covid low line at $49.50.

This is not a stock I would be rushing into buying when it is like this, especially after breaking out of this wedge.

But the bulls need to see the covid low line held, below this level is no mans land and the declin...

$AAPL TOP 20

We spoke at the weekend that $AAPL is the most obvious buy this week after finding support on the 200 Day MA and in between the 0.5 and 0.618 Fibs, we can not ask much more of a chart than this and with this being $AAPL, one of the most stable companies in the world, if you can not buy $AAPL in these positions, you may strugg...

$GOOG top 20

A solid performance form $GOOG again today after finding a higher support on the yellow trend line at $141 which we mentioned on the previous chart.

I believe this continues moving up to $152 to complete Wave 3.

$NIO TOP 20

$NIO is getting some relief right now and we can see quite clearly that it has happened exactly on the red trend line, after the flush at the open yesterday, the trend line was recaptured quite fast and there is some continuation today......we won't get ahead of ourselves just yet.

The important level to get to is $7 fo...

$BABA TOP 20

Dividend payment day for $BABA today and even though the HSI was green, $BABA is still struggling to get positive, we still have a lot more of the day to go but it is struggling underneath our yellow trend line on the chart, which leads me to believe that if the price action can not flip this back to support, then the 0.887 F...

$PSX - RC -

Phillips has been performing very well since its Covid Low and has been able to escape the market pull back of 2021 - 2023.

I believe this is moving in its final Wave 5 count and should continue to move to our Wave 5 target at $156 for the remaining part of the year.

This has been quite steady so if you have a pos...

$SOLUSD

Very little to update here, still slowing a drift down and it is difficult to make out a clear ABC correction down so far so I believe the formation is still building.

I think this still needs to come down to our Second target at least to make this an attractive buy again, after running so hard over the last few months....

$U - RC -

$U remains of interest to me and we can see that it is pulling back nicely here and approaching the 0.618 Fib at $30, a hold here and the pull back could be complete and we start seeing a move up to our Wave Y target as projected for the last few months.

Lets wait for confirmation of support before starting a position.<...

$WULF - RC -

$WULF has been pulling back more than the other crypto companies and is working its way down through the Fib levels now, the positive is that the movement down is so far in 3 waves down which means it has every possibility to complete an ABC count down before moving higher.

Losing the 0.618 Fib and the 50 and 200 Day MA...

$DNA - RC -

$DNA has been struggling to find support and when it lost the 200 Day MA at the end of last year, it was on a slippery slope to regain support.

Yesterday it came all the way back down to the blue low support line and finished the day above this level and is now up +4% in the PM today.

Losing this line would be a v...

$UPWK - RC -

Second retest of the 50 Day MA now and still drifting higher with a higher high and a higher low,

$16 remains the level to test and flip to support, then this is into the bull case and a move up to our Wave 3 target at the 1.618 Fib is possible.

The market has not been in favour of strong moves like this so this m...

$LULU

Now that we have Wave 3 confirmed at the 1.618 Fib, we can add in the 0.38 Fib which is the level we always expect and set for a Wave 4 pull back.

A pull back to $428 and holding here would set $LULU up nicely to move up to our Wave 5 target of $560 which would be an impressive climb.

I am a big fan of the brand a...

Hang Seng Index

So this is what has been causing the issues for the Chinese ADRS, we can see that the pull back since that this chart is remarkably similar to that of $BABA and has been in a strict downward channel since the start of 2023.

14600 is the crucial level to watch for now.

We can see that the HSI has worked its way dow...

$HOOD - RC -

On a lot of the charts today I am seeing normal controlled pull backs and rarely seeing any breakdowns in structure....with the obvious exception of NIO, even $BABA is showing a pull back but still working through its Fib levels.

$HOOD is no different, in fact it is showing a very controlled 3 wave pull back here and te...

$XPEV - RC -

$NIO is in good company at the moment, the relentless selling pressure is clearly visible on the $XPEV chart too and since losing the 200 Day MA, it has been sinking through the Fib support levels and is drifting down to the final Fib support at the 0.88 Fib at $9.22.

A failure to hold here and it is down to the blue li...

$OPEN - RC -

At a very important level now for $OPEN, for the last 9 months $OPEN has been moving very well and bullish, holding at strong Fib levels and moving in structured counts.

The market pull back has $OPEN back at a confluence level of the 200 Day MA, our Blue support line and the 0.618 Fib at $3.

If the bulls are able...

$TSLA TOP 20

$TSLA continues to drift down to the 0.78 Fib which is in line with our expectations of completing its right shoulder of this Inverse H&S pattern.

Going lower than this level, particularly lower than the previous low in October at $194 would be a cause for concern for the bulls, this would also mean that $TSLA has c...

$SPY TOP 20

$SPY behaving very similar to the $QQQ chart now, pulling back as it approached the blue line, which is the all time high level at $479.

I do not think anyone is surprised by looking at this chart and the aggressive run from the start of November that a pull back has come at this particular level.

I believe a pull...