The Long Investor

$RBLX

$RBLX reported earnings today and announced that they have increased their daily users by 20% and the market has really enjoyed this news.

Currently up 20% on this news too.

There is no changes to this chart from the last one uploaded.....we mentioned the double bottom before and that it got back into the wedge so...

$SPY TOP 20

Watching $SPY forming a small wedge on the 1hr chart and leaving a number of gaps behind now.

There can be an isolated one below $412 but I do not see how the market can ignore the large one down to the 0.5 Fib at $423.

50 Day MA is also about to cross the 200 Day on the 1hr too, so it is showing that the bulls ha...

$AMD TOP 20

$AMD just keeps pushing higher and in a controlled manner too, no excessive bounces in a single day, so there are no gaps behind, impressive strength.

I think we are seeing this push higher so when the pull back does come, it will adequately pull back enough to stay on the outside of the yellow trend line....I am seeing...

$ENVX

$ENVX also reported their earnings yesterday after the close and beat Revenue and Earnings estimates by 25% each.

It is now up 15% in the PM on this beat.

No changes to the chart here, this is the same chart we have been watching since Sept.

Big tests now will be to get above the 50 and 200 Day MA....the PM ...

$UPWK - RC -

Up +20% in the PM now a after reporting its earnings yesterday after the close.

EPS was a surprise beat by 102% and they beat on their revenue estimates by 5% too.

No changes to our chart here from before, we had Wave 2 coming down to the 0.618 Fib as always and we can see now that it hit the 0.618 Fib at $10 and ...

$NIO TOP 20

Interesting day yesterday for $NIO, pulled back to the 0.618 Fib we spoke about before the market opened and so far has found support here, which is also where the 50 Day MA is and the wedge trend line.

We are seeing a lot of weakness in the PM now for $LI (-3.5%) $XPEV (-5%) and $LCID (-4.5%) but $NIO is -1.4% and stay...

$BMBL

$BMBL reports after the close today too.....CEO and founder, a former Tinder Exec, has stepped down this week too in shock move...is this the catalyst it needs to turn this around?

Well it needed something and I suppose that is a good start.

The price has declined horrifically from $85 to $13 today since March '2...

$HIMS - RC -

No update needed here for now.

We had Wave C coming down to the 0.618 Fib and it battled hard to keep the level and reclaim it....even after an earnings report miss.

I haven't see the details of the report yet but the market liked something.....or the 0.618 Fib was just strong enough.

One bounce so far so it...

$ZM

$ZM found support on its All Time Low line and has bounced since.

There is still a lot of work to do here but at least for now the bleeding has stopped.

The Buy Zone limit is up until $64, so it is right in the middle of the zone now.

We want to see the price get out of this area soon and more importantly, g...

$OXY

Earnings after the close today, so in an hour and a half we will know if $OXY can finally break out of this wedge that it has been in since August '22.

I am bullish on $OXY and I see it as a hedge against what is happening in the Middle East and BRICs manipulating the price of oil by reducing supply.

The price has...

US 10 YEAR

Every time the price action has jumped in 3 waves up, it is met by a lower low.

Happened on the 23rd of October

31st of October, and

We got a 3 wave bounce from Friday the 3rd of November and now declining today.

This is confirming the corrective wave down.

$SPY TOP 20

The 1 Fib at $36.86 has been a resistance level in October from the 10th to the 17th and the price was not able to get above this level, it was then met with a very harsh decline.

I think the price will have an issue here too but the pull back I believe will make a higher low, this is what we want to see to show that we...

$META

Zuckerberg has resumed selling stock again, $8.6 million shares....this is not a lot for Zuck but the last time he started selling, he was relentlessly selling for weeks at a time and the share price took a nose dive.

Let's see if he does this again.

I believe he sold in 2022 as he anticipated a decline with the m...

$SQ

$SQ continues to push higher as the 10 Year Yield shows weakness again today.

There is a clear and full correlation with the Yields and Banking sector stocks.

We know that a pull back is needed here but there is value hunters still very happy to add at these lows levels and there is still a long way to go for this...

$ETHUSD

Ding Ding we have a breakout here, this bullish flag has been in place since April this year and has moved comfortably throughout this channel.

In my last upload, I said this was looking good and will likely follow $BTC higher and so far it is doing that.

Holding support above this trend line at $1865 is important...

$SOFI

Tough day yesterday for $SOFI and I added my honest opinion about $SOFI before the market opened yesterday so I don't think I should labour on this too much today.

The price rejected at the 50 Day MA on the daily chart at $8.06 yesterday, below the blue line but also found support at the 200 Day MA at $7.37 to finish th...

$FSR

How tight is this?

$FSR's pull back yesterday hit the last Fib level support at the 0.887 Fib at $4.29 exactly.

Its earnings report is out tomorrow BEFORE the market opens so today could get people playing the earnings game.

A positive report here should help this move higher.....but if it is negative or a ...

$RIVN

$RIVN is also due to report after the close today too.

Wave C has come all the way down to the 0.78 Fib and has bounced and has been met with resistance at the 200 Day MA on the daily chart as the market awaits the earnings report.

This too is in a good position to benefit from a strong report.

It could move...

$CELH

$CELH has just reported their earnings and they have beat strongly.

PM is up -7% right now because of this.

No changes to the chart, and just like $UBER, it is moving higher now as expected.

We have Wave 5 moving up to $246 next.

$UBER

Another chart that has been perfect for us.

Subwave 4 of Wave 4 completed at the 200 Day MA and bounced aggressively with the market.

They announced their earnings report yesterday and although they missed on revenue, profit beat on estimates.....which has always been the concern for $UBER, 'when will they be prof...

$MGM

Due to report tomorrow after the close.

$MGM is in one of those positions that it could benefit greatly from a positive report tomorrow and move higher.

Wave 2 held in between the 0.5 and 0.618 Fib in June '22 and has bounced for Wave 3, Subwave 2 of Wave 3 pulled back and held at the 0.618 Fib too.......so both p...

$JBLU

Did $JBLU just bottom?

The 2011 low was $3.42 and the the $JBLU hit a low of $3.42 on the 30th of October and has bounced very well since, reaching $4.47 yesterday in 1 one week.

$JBLU also ran from $3.42 to $27 in 2011 to 2015.

Airline stocks are cyclical and go through extreme highs and lows.....it is up ...

$NIO TOP 20

Two things I said yesterday, I want to see a retest of the wedge breakout again or I would like to see the price test the 50 Day MA at $9.

We didn't get the latter, so we are happy to see a potential retest of the wedge line.

Looking at the chart here now, is this anything that should be concerning you from the pr...

$QQQ TOP 20

The slightest bit of resistance has been met so far at the yellow trend line today but has still managed to stay green for the day.

$AAPL has managed to break above its trendline today but still has more to do to stay above this level.

I suspect this will come down shortly to find a higher low support.

RSI o...

$DNA

$DNA is not exempt from needing a pull back either.

The price jumped from $1.29 to $1.70, and we can see on the daily chart that it was the 200 Day MA that stopped its momentum from going any higher.

I have also added in the white fib levels here too for its pull back, as always, in between the 0.5 - 0.618 Fib is ...

$DG

Dollar General, a recession friendly stock to own, has held support on the yellow trend line that has been in place since 2009....after the great financial crash.

It was also the 0.78 Fib at $107, we said in our last update that this is the area we are watching for support and a stock we will consider adding to prepare ...

$ADAUSD

$ADA is up another 10% in 4 days since I last uploaded this.

I have been adding very small amount to my position since Friday as this looks bullish since breaking above the 200 Day MA at $0.30.

This is also looking very extended now too which can be common amongst some crypto stocks and they still push higher.

$VIX

As the market rallied last week, the $VIX aggressively declined, and we can see that the price is staying just under the middle trend line today. I believe if $AAPL and some Mega Caps were not as strong today, this would have poked its head above this line but they have stayed green for the day.

This I believe is all pa...

$SHOP

I will be adding more $SHOP charts regularly and if I see the engagement growing then I will consider adding $SHOP to our Top 20 holding.

$SHOP jumped over 30% last week after a strong earnings report and it certainly needs to blow off some steam and pull back before it can go higher.

Regardless of what company yo...

$WYNN

$WYNN is also due to report on Thursday after the close and I am still impressed with this chart.

Price has managed to stay stuck to above the wedge trend line all year and has drifted down to the 0.5 Fib right before important earnings.

A positive beat here and this could start its reversal up for Wave 3 to $210 ...