The Long Investor

$SE TOP 20

$SE needed no surprises and a double beat yesterday, after their August earnings report and unfortunately they missed on EPS by over 50%....the market was not going to like this and it was a big surprise too.

And I am surprised that this still managed to stay above the previous lows in August and Sept, bizarrely enough,...

$TSLA TOP 20

I have added in an impulse wave here as the price is back above the 200 Day MA, as the other Mega Caps are pushing towards their ATH's, it looks like $TSLA is benefiting from these tailwinds and favourable macro conditions too.

Getting back above the 200 Day MA has been important and the $TSLA bulls have once again show...

$IONQ - RC -

Very happy with our count for $IONQ.

The large ABC correction caught a lot of people out but we knew it was a correction and there was a lot more downside to the 0.618 Fib, which the price found support on perfectly.

Since then it was been moving well by making higher high and higher lows.

So I have added in...

$NIO TOP 20

$NIO started the day off in the PM in the red and when CPI came in under estimates, it got swept into the wave of optimism and finished the day up around 5%.

Chinese ADRs generally had a good day too with Xi touching down in San Fran for a welcoming meeting between US dignitaries who have not been in mu...

$BAC

Right back up to 200 Day MA today after hitting the bottom exactly at our Wave C level and now up 20% since then.

I also said this would happen in conjunction with Yields coming down and that has been spot on.

Bulls want to flip this 200 Day MA to support next, it may need a pull back first before this can happen ...

$UBER

No words needed.

$ACN - RC -

Accenture moving very well here like a lot of the other Mega Cap stocks.

Pulled back to the 200 Day MA to complete Wave 4 and keep it valid and bounced very aggressively.

Wave 3 pulled back just short of the 1.618 Fib level so I am happy to see this movement here, which makes this Wave 5 very convincing.

I h...

Performance of our TOP 20 list since we started

I started my group exactly 12 months ago, since day one we had our Top 20 list (below).  Throughout the year I dropped 2 companies and added 3 new ones.  

Total performance for 1 year is +23.8% over these Top 20 stocks.  

Outperforming the majority of portfolio managers and funds on...

$COST TOP 20

$COST has finally got its break out and has gone above the First Target level now, a hold above this level or the yellow trend line at $555 will be further confirmation that this is moving up for Wave 3.

But as I said at the weekend, I do not believe there will be any issues with $COST moving all the way up to the Secon...

$MGM

$MGM is another stock I spoke about before and said I liked its chart and the opportunity to take advantage of the pull back to the 0.618 Fib at $36, after a short battle, bulls found support and have bounced well today.

$ABNB and airlines stocks are also doing well today too, which is a good reflection on the travel in...

$IWM

Small caps are starting to wake up.

Very nice higher low made here and a strong bounce today.....Large Mega Caps are looking very extended now while small caps are offering amazing value at these levels.

Remember the market will always find the mean and it is a balancing act with liquidity. 

The market ...

$ABNB TOP 20

Right at its 200 Day MA now on the daily chart, bulls really need to flip this to support.....it will unlikely come today but holders won't be able to settle until this is confirmed.

$ABNB has battled well to stay above the yellow trend line and will need to get above $125.10 now.

I will add to my position once th...

$SQ

While many online called this a disaster, the reality was that $SQ offered an opportunity falling down to $38 and is now up 40% from this low.

You either have conviction with the stocks you have bought or you don't, and if you don't then cut your losses early and move on.

There is no point holding a stock that you...

$SPY TOP 20

Is now $10 away from its 52 week high.

Year end rally and Wave 5 is in full effect.

The Mega Caps have not produced their Subwave 2 pull back to me so I will continue to wait for the pull back to add to my positions, otherwise I am very happy to see my stocks run very well....$NIO being the bold child that needs m...

$ROP

Another company after making a 52 week high this week and following our chart perfectly.

Price has broken above the blue line too at $505 and the price is moving well now at $517.

Fundamentally a good company too and our Wave 3 target remains at $660 at the top of the channel trend line.

Earnings came out 3 ...

$V

$V still looks strong here and has held and bounced very well on the 200 Day MA.

Price is also above the 50 Day MA and the price action is drifting up to test the blue line again at $251, which was the high in June 2021.

A break above this level and we are into the bull case.

Only a few members appear to hav...

$CRWD

$CRWD has made a new 52 week high yesterday and has been moving very well since we started charting this at the start of the year.

I have not altered this chart and will continue to show my original projection with how the price action has moved and it has been incredibly similar.

Wave 5 has been set to the 2 Fib ...

US 10 YEAR

We have another 3 ABC wave bounce here since the 8th of November and it was met by resistance at the 200 Day MA on the 1hr chart, there was also a failed breakout here, which further confirms the trend to the downside.

The more this continues downwards, the more relief the banking and finance sector stocks will get, lik...

$FSR

Taking a hit in the after hours after reporting growing problems and have reduced their targets levels and did not give a guidance, the market does not like this uncertainty.

Down -14% in AH's now and likely to come down to the wedge bottom line, $3.23 has support on the trend line.

$FSR is a long term hold for me...

$ADAUSD

Getting our pull back now and the markets constantly amaze me with how efficient they are, even if this is crypto.

I have added in the Fib levels from the previous low and previous high and where does the 0.618 Fib rest?....exactly at the 200 Day MA.

We can also see that the 50 Day MA is moving up to and may break...

$MU

One of our members have just highlighted this chart to say that this has been following the impulse wave, I last uploaded this chart in May but we can see that Wave 3 came in sooner than expected but Wave 4 came down to the 200 Day MA as expected and has bounced very well with other tech stocks this month.

It is also in...

$RIVN - RC -

The count remains the same here, still holding above the 0.78 Fib and our blue support line but it must be noted that the 200 Day MA has been behaving as a resistance line this month.

The Bulls will need the price action to flip this resistance to support before it can go higher.

A third rejection here at the 200 ...

$TLT - RC -

$TLT like stocks, behave in the same manner on charts, it will bounce and will need a pull back then before it can go higher.

This is found on every chart, regardless of whether it is for stocks, bonds, crypto, forex, commodities....they all behave the same way.

The 50 Day MA has been the trigger here to act as a ...

$LULU

These are the charts that have been rock solid but get little or no attention in....the chart has done everything we expected of it and found support at all the right levels and has been moving higher, with higher lows too.

The price is about to test the previous high shortly and a break above this level further confirm...

$PYPL TOP 20

I am watching for support on the 0.5 Fib and the 0.618 Fib at $53.50 and $52.70 now and I'll consider adding to my position here.

My position remains that $PYPL has no right being down at these low levels and a reversal will come in due course, when that comes, nobody can confirm but I would like to build my position at...

$NVDA

No change to the impulse wave here, the bulls are firmly in the driving seat now and managed to break the bearish trend and flip this bullish.

The Head and Shoulders formation broke down through the neck line but the bulls stepped in immediately and didn't even need the 20 Day MA as a potential support level to propel t...

$IONQ - RC -

Up 8% today after holding our Wave C level on the 0.618 Fib.

Since Wave C completed, I believe Subwave 1 then bounced and completed but we are still in Subwave 2 now as I can only see 2 waves so far and there may be one more wave pull back before this can go higher.

We can also see that the 200 Day MA here on he 1...

$VIX

$VIX has declined heavily since the start of the month as the markets have been rallying, we can see here on the 1hr chart that the price has been struggling at the yellow trend line, which was also a resistance level in May and in August twice.

It is possible that this will bounce higher if the market gives us our well...

$RIOT

Both $RIOT and $MARA are struggling with their 200 Day MA and is a far cry from how $BTC and $ETH are behaving right now. It is also forming a bearish flag here so bulls need to step in soon to stop this from breaking down.

I have added in the blue line which is a support/resistance line, this line has been in place for...

$FUBO - RC -

Nice bounce off the 200 Day MA and it then hot our Wave C target but we can see that it was met with harsh resistance at our First Target level, which was also a resistance level between Sept and October and also in July.

I have added in the small white Fib levels as potential support levels from this pull back and if t...