The Long Investor

$ETH

I have attached the weekly and daily chart here.

On the daily we can see that the 50 Day MA is the solid support level here and even with the "Cramer" sharp decline last week, it recovered instantly and is now back above the 50 Day MA support level.

On the weekly:

The last time the 50 Dma crossed the 200 Dma...

$XLRE - SAFE HAVEN -

Real Estate Sector ETF.

Wedge break out here in November and has been moving very well, tested the blue line at $40.40 but has so far rejected, along with the market pull back,

What I would like to see here is a pull back to the 0.618 Fib at $35.35.

A pull back here in line with rate cuts, could help the sec...

LVMHF

Has pulled back from its Top Blue line at $1000 for the later stage of 2023 and hit the yellow trend line, close to the 0.38 Fib at $680 and found support.

I can see 5 waves up here to $1000, so it is possible that a second test of the yellow trend line may not hold and we see a move down to the amber Fib levels over th...

$SOLUSD

We spoke about this for Solana in our last upload, it needed to pull back strong and we can not rule out a pull back to the Second Target at $71 before finding support.

Solana ran incredibly hot and nearly hit the infamous 4.618 Fib at $131.

The set up here right now is not somewhere I would buy as it continues to...

$SKX - RC -

$SKX has not shown the aggressive pull back following $NKE's lower guidance which is showing that $SKX is quite strong and immune from the sectors tremors....so far.

We know that the chart is very bullish, especially since breaking above the blue line at $55.87 and the yellow trend line at $58.89.

Price will likel...

$RIOT - RC -

Pulling back in line with many of the miners but moving in a controlled manner still and using the fib levels for support so far.

We can see on Weds that $RIOT found support exactly on the 0.5 Fib ar $13.70 and bounced, this may just be a relief bounce before pulling back further to the standard wave 2 level at the 0.61...

$LCID

Things have been going from bad to worse for $LCID and their share price is reflecting that behaviour.

They are not hitting their delivery targets

The Vehicles are too expensive

The CEO is one of the highest paid CEOs in the US with one of the worse performance records

Their market cap is far too high ...

$JPM

$JPM has been glued to our impulse projection and on Friday it posted a new All Time High and broke above the blue line $172.

Enormous bounce for $JPM from $135 at the end of October to $173 on Friday.

The moment the 10 Year reversed, the banking sector recovered.

Wave 3 remains at the 1.618 Fib at $192.

$DNA - RC -

Moving well over the last month and has so far counted a higher high and working on maintaining a higher low now.

The price action managed to finish the week on the 50 Day MA which was just at the 0.618 Fib.

This is where $DNA needs to bounce now and show that Subwave 2 of Wave 3 is now complete and it starts its ...

$ONON - RC -

When $NKE pulled back for its Wave 2, it dropped very aggressively on a revised down guidance of sales for 2024, with a 1% growth expected for the year.....immediately $NKE decided to lay off employees and positioned themselves to weather this growth decline. $ONON felt this impact too and the price dropped below the 200 Day ...

$JD - RC -

We continue to watch this in the background, Michael Burry has reported opening another sizeable position in $JD and $BABA in his last report, I can see where he believes the reward favours the R v R assessment here.

We have $JD in the buy zone right now as it continues to consolidate below the 0.887 Fib at $29.35, whic...

$IXIC

The NASDAQ Composite index here looks very similar to the $SPY and $QQQ and experiencing its own pull back right now.

The Fib levels here in green also align with its important Moving Averages, paying particular attention to the 200 Day MA moving up to the 0.618 Fib over the next few trading sessions.

Which ever m...

$GCT - RC -

I am not seeing an impulse wave set up here, two parabolic moves side by side leads me to believe that this is only a corrective wave with wave C ending high and will pull back as it did in September.

Setups like this are not something I would buy or chase, certainly not at this point, when the 200 and 50 Day MA were he...

$DKNG - RC -

Nice controlled pull back here for $DKNG in 3 waves so far and still has some room between the price action now and the 200 Day MA which is also just at the 0.78b Fib, lets see how it handles the 0.618 Fib at $30.90

A successful hold at this level and we could see Wave 5 going higher than previously expected, with a tar...

$WULF - RC -

$WULF has pulled back after a very strong run too and we can see that the 200 Day MA is just sitting on the 0.618 Fib level now at $1.76, so this will be an important level to watch and hold for the bulls, in order to be able to move higher next for Wave 3 at the 1.618 Fib level.

$OPRA - RC -

This is not a good looking chart here and it is another example of paraboliuc moves struggling to hold their structure.

The price went through the Second Target and could not hold above this level and fell very aggressively, losing the First Target too.

The price has also rejected trying to get back above the 200 ...

$MPW - RC -

$MPW dropped -29% today after failing to pay a rent bill that spooked the market and likely meriting this decline but it has made very little difference to our chart, in fact there are no changes either.

Wave C will likely continue to move down to the '08 Financial Crash Low and will need to find support here on the blu...

$GOLD BARRICK GOLD CORP - RC -

Both Bull and Bear cases are still a possibility here at the moment while the price action continues to stay in the yellow channel but I am leaning towards the bull case scenario since Gold has made a new high over the last month and I expect it to be an attractive buu when the market pulls back in 2/3 months.

Holding o...

$BABA TOP 20

$BABA pulled back also to its 0.618 Fib and held support so far.

A hold here and this pull back may be complete and we could start seeing a move up next and another attempt at the red line at $77 at the previous high.

I can see a 3 wave move down since $77, so this looks like a standard Wave 2 pull back.

Ide...

$AMZN TOP 20

$AMZN has found support on its 50 Day MA, I do not want to see the 50 Day MA held and I want it to come down further to its lower Fib levels and this will trigger a buy from me.

I would be happy to get the 0.38 Fib at $141 which aligns with the yellow trend line too.

My $AMZN allocation I had set aside is now curr...

$NIO TOP 20

Very little to mention here because I think we all know that holding $8 is important, as its the 0.618 Fib, the First Target and the 200 Day MA on the 1hr chart.

Losing this level and this will show weakness, it does not invalidate the chart but the bulls need to show their teeth now and starting fighting.

Overall...

$PLTR TOP 20

Moving incredibly well and I know our members are watching this closely and are keen to start positions.

I will be watching closely to the price action at the 200 Day MA at $14.80.

Ideally we would like this to lose this level and come down to the 0.5 Fib or even better at the 0.618 Fib.

But watching where s...

$PYPL TOP 20

Nice movement from $PYPL to start the day, this is the 1 hr chart because I wanted to show more detail but $PYPL has been able to hold on the 50 Day MA on the daily chart like we spoke about yesterday.

We can also see that this was also the 0.618 Fib too, making this a strong confluence level too.

I'd like to see...

$TLT 20+ YEAR - SAFE HAVEN -

$TLT showing an almost perfect V shape recovery and it was one of our highlights of the last year, showing that it would decline and find support before recovering and it has done just that.

It is finally letting off some steam now and is testing the 200 Day MA from above, which I would like to see not held and pull bac...

$IWM

Also pulling back in line with the $SPY and I expect to see more pull back here too before going higher to the top Fib levels at the 1.618 Fib.

Same scenario here too in terms of where its Moving Averages are too

Sitting right in the middle of the 0.5 and 0.618 Fibs as well....with the 50 Day MA curling up through...

$COIN

$COIN pulled back from $187 to $144 after an enormous amount of insider selling, above $100 million worth of shares across the board.

But when the price hit the 200 Day MA, which was just above the 0.38 Fib (For Wave 4) the price bounced and is back up to $158 now....so even with all of this insider selling, the chart i...

$SOFI

Technical analysts all see the same things on charts and so do the market makers, so there is no surprise at all to see $SOFI finding support on the blue line and bouncing 3% today for some relief.

On the 1hr chart we can see that the bounce has brought this up to test the 200 Day from below, I suspect $SOFI will not be...

$DAL - WATCHLIST -

$DAL is my top airline pick, closely followed by $LUV. Fundamentally and technically $DAL is superior and many analysts have $DAL as one of their top picks for 2024 and I can see why from our chart.

I would still like to see more of a pull back right now to the lower white fibs levels, especially to $36, where the 50 Da...

$JBLU

We said yesterday that $JBLU's set up was almost identical to $PYPL's as they were both testing their 0.5 Fibs for Wave 4.

$JBLU managed to hold its level and has now bounced 7% today.

We would also like to see this happen for $PYPL too of course.

Back above the 200-Day now and holding support above this lev...

$SPY TOP 20

$AAPL has pulled back very close to its 0.618 Fib so we need to watch to see if its Subwave 2 is complete, we have observed that $AAPL tends to lead the market and we saw this happen at the start of Wave 4 at the end of July.

So from $SPY above, Subwave 2 does not look complete yet for me and there may still be more to ...