The Long Investor

$PYPL TOP 20

A lot of weakness in the market this morning, across the board and particularly with finance and Chinese stocks.

This is when you will be tested, to hold your nerve and not get triggered.

We have been in this situation many times before and the harsh aggressive pull back of Wave 4 should have taught us how to hand...

$CLSK - RC -

This is moving very fast and completed Wave 5 and has pulled back in 3 waves all in 2 months, so there is some volatility here but the movements are still showing clear counts  and we can see that the price tested the 0.618 Fib today and managed to stay above this level.

Failure to hold this level and the price can...

$SOFI

$SOFI lost its blue line support and the bulls battle hard to stay above this level, surving 3 tests of this level too but eventually lost the support line and the then the 0.618 Fib today.

Down to test the next Fib level at 0.78 now at $7.28 is likely.

$PYPL and $SQ struggled today too with the US 10 Year jumping...

$RKLB - RC -

$RKLB is flirting with the 200 Day MA here but still moving in a bullish move and making higher highs and higher lows.

If the price can stay above the middle blue line at $5.69 then we can start to see a move up to Wave 3 here at the 1.618 Fib at $11.20

$RKLB have received some favourable military contracts over t...

$COIN

$COIN is still holding the 50 Day MA and staying above the 0.5 Fib at $128 and not invalidating the impulse wave by infringing on Wave 2.

I can see 3 very clear abc waves in this pull back, so as long as the levels above are holding, this can continue higher to our Wave 5 level as shown which is also the March 2022 high...

$YINN - RC -

A number of people have been asking about this chart and I can see a lot of chatter about it online too.

It is a Chinese Bull 3 X Leveraged ETF.

It has been massively suppressed for the last few years as the Chinese market has been pulling back and down at $15 now....from a high in 2018 at $1080.

The 50 Day ...

$NIO TOP 20

Tough day for $NIO and tough day for the EV sector.

So we need to try and identify where the bleeding will stop, until this happens we can not count the next phase and we can not assume that another impulse wave can be started here, losing $7 invalidated the Impulse Wave we had.

Wave 1 of any impulse wave is diffi...

$LI

You know the sector is under pressure when $LI is dumping and experiencing relentless selling for the last 2 weeks.

$LI has been executing production and sales to a level that $NIO can only dream of and although it is a hybrid company, it is still very relative to $NIO's position.

$LI has also lost its 200 Day MA ...

$PLTR TOP 20

Slight pull back today in the market but not seeing signs of a new impulse wave being formed yet, so I still expect a new low to be made here.

$PLTR has been moving quite well and in a controlled manner, I think Wave 2 is close to completing so we will watch it closely.

The 200 Day MA at $15 is certainly a level o...

$DIS TOP 20

Showing strength today on a mixed day for the market.

Continued its bounce on the 0.38 Fib and the 200 Day MA today and moving to the top of the trend line now at $92 exactly

A flip of this level to support and this is in a good position to continue moving higher for Wave 5 at $102.

$DAL

Another nice rejection here trying to get above the previous high and now we have a double top here for $DAL and the price is sitting on the 0.5 Fib right now at $36.70.

Down -20% since their earnings now.

I am waiting for support to come here or at the next Fib level down at 0.618 at $35.30.

If support is h...

$ABNB TOP 20

We saw a number of stocks sinking at the opening but happy to see the confirmation from $ABNB that it has now rejected at the 0.236 Fib at $141 for Wave B completing and is moving down in Wave C now.

The next Fib is the 0.5 Fib at $131 but since this is not a lower low, I expect to see this move down to the 0.618 Fib at...

$S - RC -

First chart from June, showing a jump form $16 to $25, this hit our second target at the end of December.

The price action for the last 12 months has not been pretty and some erratic movements, especially in June but since then it has moved a lot better and only aggressively once which took part in potentially Wave 3, s...

$NIO TOP 20

$7 is getting tested in the PM and I suspect there will be a flush at the opening and I would find it extraordinary if $NIO was able to hold $7 level today, with the weakness shown in the US and China market to start this week.....coupled with Elon's comment last night that he wanted 25% ownership of $TSLA, this will likely h...

$SPY TOP 20

All eyes will be on $SPY this week to see if it can test or even break above its All Time High line at $480.

Although many believe the market has been weak this year, this is simply not true, it is about to make an new ATH....what has been weak is wild swings from crypto miners, the EV sector and $BABA, overall the mark...

$QQQ TOP 20

$QQQ has not made a higher high just yet and finished the week on the previous all time high level.

It remains to be seen whether or not Wave 2 is complete now.

The pull back from $413 to $395 is not a significant pull back for Subwave 2 and the 50 Day MA was not tested either.

So if we make a higher high, S...

$TSLA TOP 20

This pull back since $265 has been relentless and has heavily influenced the EV sector, dragging down all EV's in the sector and even BYD, which has now overtaken $TSLA as the leading manufacturer of EV's in the world is not looking bullish either.

That being said, an inverse head and shoulders pattern has been formed a...

$PYPL TOP 20

As always, a lot of interest in $PYPL which is why we are uploading this chart every day, a lot of members have $PYPL as their largest position and although there is every possibility that this could reject at the 200 Day MA again at $64, people like the risk v reward set up here and I do not blame them.

I believe the p...

$NKE TOP 20

$NKE continues to hold the 0.618 Fib, this Subwave 2 is a little unorthodox because it happened very quickly but on the 1hr chart, there is a clear ABC correction, so there is potential for this Wave 2 to be complete now which is why I suspect that the price has held the 0.618 Fib very well.

No changes to the chart here...

$MSFT TOP 20

In last weeks $MSFT update, I was very bullish on $MSFT and said that a bounce was coming, possibly the easiest money you could make this week....along with $GOOG and that is what happened.

Broke above the previous high and that solid hold above the 0.38 Fib for Wave 4 did its job exactly.

This is why we love char...

$INTC TOP 20

$INTC price action is a combination of $ABNB and $AMD here and it does correspond to what I mentioned under the $AMD chart this evening.....if there is weakness in this sector due to the Taiwanese elections, this may pull back for Wave C next and complete Wave 4 before going higher for Wave 5 at $55.

I am not seeing any...

$GOOG TOP 20

$GOOG has been a terrific buy for us since we entered at $132 and continues to look very bullish and wants to run to its all time high line at $152.

I believe this will be no issue and will go as far as $160 to complete Wave 5.

I am not selling $GOOG at any stage here as long as it is comfortably moving in this Wa...

$F TOP 20

Pulled back to the 0.38 Fib during the week but bounced and finished the week exactly on the yellow trend line.

I do not see any issue with another pull back again to the 0.5 Fib, which is also the 50 Day MA before bouncing and recapturing the yellow trend line again.

Ultimately, holding above the yellow trend lin...

$DIS TOP 20

$DIS fought all week to maintain the 0.38 Fib at $89 and although it dropped slightly, it recaptured the 200 Day MA and the 0.38 Fib at $89 immediately and is still in a bullish set up, where Wave 5 completes at the Top red line.

I do not see any other set up here, losing the wedge line would be bearish but like $PYPL, ...