The Long Investor

$SOFI - RC -

Up very well in the PM at the moment, a long with almost every other stock...its possible the debt ceiling deal is having a positive effect...I am little bit wary of such a large pump in the PM, considering stocks enjoyed a very strong week last week too, with rumours that a deal would be made and the AI craze boost, we need ...

$NFLX

It appears Wave B is not ready to complete, the aggressive fall from October 2021 to April 2022 is typical of Wave A, this bounce since then has not shown any pull backs past the 0.38 Fib, so I and still leaning towards the entire structure being corrective. 

PE of 44 and FWD PE of 26, means the company is overvalu...

$SKX

$SKX is looking stronger however than both $NKE and $LULU right now but it may be behind both of these stocks and that is hasn't started it's Subwave 2 pull back yet, this would be healthy to see before moving higher to completing Wave 3.

Above the yellow trend line and the bulls are in full control!

$LULU - RC -

$LULU and $NKE have both experienced excessive pull backs lately but both are not particularly concerning right now. From out chart that hasn't changed since our last update, we are likely seeing a Subwave 2 pull back of Wave 3 here, particularly if the price can hold above the yellow trend line and just below between the 0.5...

$PTON - RC -

So far $PTON has been holding the blue line after bouncing after it first hit, it is likely to come close to retesting again, another bounce and this is support confirmed, the impulse wave remains the same as long as the blue line at $6.97 is held.

$NNDM - RC -

No updates here, the price is below the 50 and 200 Day MA and on course to hit our Wave B target, it needs to hold the bottom blue line or the the targets below are bleak. If the price can hold these blue lines, the price has a good chance of bouncing to complete Wave C.

$MRNA - RC -

Very little to update here, except that the 5 waves down in red may be complete now, I have a corrective ABC wave next. It has bounced and so far has been rejected by the 50 Day MA and has dropped back down, it needs to hold support again above the previous low or it will be back down to the blue line again.

Still a lot...

$PATH - RC -

$PATH has struggled to find momentum to the upside and has been moving sideways since it broke out of its wedge in June last year, the price action has rejected 4 times at the top blue line so we can consider this a strong resistance line right now....but we can also see that each time it has pulled back, the 0.618 Fib has he...

$WDAY - RC -

Overall the structure looks corrective and we are likely seeing a bounce to between the 0.5 and 0.618 Fib levels before coming back down. If the price action can go higher than the 0.618 Fib then this weakens the potential for this being a corrective wave and the bulls could take control.

The average price target from a...

$BERY - RC -

$Bery continues to be textbook here, Wave 2 pulled back to the 0.618 FIb, it has bounced since and looking to complete Subwave 2 now of Wave 3. If it can go above the previous high at the yellow line, it is into the bull case and the last test will be the blue line, above this and there will be substantial upside. 

$QQQ TOP 20

Like with the $SPY chart, I can not rule out the possibility that this entire structure is a corrective wave as shown here from the Amber ABC count. I think there is simply too much frenzy towards Tech stocks/AI/Semi's and I don't see this as healthy, with valuations now still very high.....the market can of course continue g...

$NKE TOP 20

What's happening here with $NKE is almost a paradox, the more it pulls back, especially to the 0.618 Fib at $100, the more likely the entire structure is an impulse wave and not a corrective wave. 

When $NKE pulled back to the 0.38 Fib and bounced, it was following the corrective wave ABC count in red nicely....how...

$MSFT TOP 20

Pushing higher into an extended territory for a typical Wave 3 move, it is valid and may still go higher but I would be concern for anyone chasing here, the uptrend is still valid but we are seeing some vertical moves over the last few sessions, unlike $AAPL which has been more measured over the last 2 weeks.

The market...

$KO TOP 20

Strong pull back and working its way through the Fib support levels now, as optimism has been growing in the market and helped along by the Semi and Ai boost, money appears to be moving away from some safe havens and into some strong upside trending stocks, $KO as we know has been a reliable safe haven. That being said, its p...

$SPY TOP 20

I simply can not ignore the elephant in the room that is that this entire move since the low in October is a corrective wave, it would be careless and reckless of me not to include both potentials, so my WXY red wave is included.

That being said, buyers continue to step in and buy the Top 10 stocks in the SPY, in spite ...

$PLTR TOP 20

I have added this a few times this week as it has had an impressive run, another company in the right place at the right time and on the back of good earnings....good meaning, just in profit, FWD PE is 53 and P/B is over 10, not particularly a bargain right now.

This Subwave 3 could be complete now and showed signs of c...

$NIO TOP 20

I have added in the subwaves here and I am being conservative here because I need to be mindful that whatever I chart for $NIO, people can take as gospel, so if I show Subwave 5 going all the way down to $5.30, people will wait for this price and possibly miss every opportunity, $5.30 is the ideal position for Wave 5 to compl...

$INTC TOP 20

$INTC has struggled while almost every other semi company has been enjoying the $NVDA wave, the more these stocks become extended, will AI and Semi bargain hunters start hedging their bets and buying $INTC then?...it is possible, it would be remarkable that a company of $INTCs magnitude is left behind like this....that being ...

$HD TOP 20

The trend is still downward with lower highs and lower lows, however there is definitely a notable sideways movement too, we will see if it can stay within the amber range levels now....the building sector has been surprisingly robust in spite of the enormous headwinds on them from high interest rates....if the feds continue ...

$GOOG TOP 20

Right place at the right time for $GOOG they are in the mix of benefiting from the Ai craze and a mega cap that is seen as a safe haven in the Top 10 of the S&P 500...The Untouchables...The chart has broken above the bear flag and still keeps pushing higher, $NVDA and AI certainly dragging all AI related stocks with it, I...

$GOLD TOP 20

Like I said on the Bitcoin chart, this is a slow mover and has been doing very well following our chart, slight fake out in March due to the potential financial issues....which the market has swiftly forgotten about now....and now has resumed its downward trend, so no changes here.

$F TOP 20

$F's team worked hard this week, they were aware that their share price was struggling and bordering on danger territory and released a partnership announcement with $TSLA that they will now have access to all of $TSLA's charging stations in the US, a big win for both companies, the share price liked it too and it was just ab...

$COST TOP 20

Big week coming up for $COST, I am seeing some people take the top trend line from the ATH, but that does not line up with 4 of the previous highs, so I am happy with our wedge.

The chart either way remains the same, a break above and the targets above are as shown, a break down and we are looking at the bear case and b...

$BTC TOP 20

I am seeing a lot of wild $BTC charts online and to be fair, they have all looked very amateurish. The price action is between the 50 and 200 Day MA now and the 200 Day MA is moving between the 0.5 Fib and 0.618 Fib right now, this is where you should be looking if you are considering a position here.

So far, I really l...

$AMZN TOP 20

This has been a favourite of mine and I am up 20% since I started my position, a lot of the Mega Caps have been doing very well but I went with the one that offered the best structure and $AMZN has been as close to textbook as it can get.

I posted on Friday that I liked how $AMZN pulled back and found support above the ...

$AMD TOP 20

We have a number of stocks this evening that are in the overextended territory and nobody will be surprised to see that they are all AI related. $AMD has definitely benefited from $NVDA's exceptional guidance.....I questioned how $NVDA can guarantee such high growth to justify their market cap and then  they released on ...

$ABNB TOP 20

We have been keeping a close eye on $ABNB this week and posted it a number of times, this 0.65 Fib has been the level we have been glued too, it was the gap fip level and at the spot where Wave 2 normally completes....it is also in our buy zone now too.

I have added here a number of times as it continues to hold the lev...

$AAPL TOP 20

Oddly $AAPL is a stock that has not been progressing over the last 2 weeks, it has stayed within a tight range and we are seeing other large/mega cap stocks moving higher instead....this may not be too surprising as $AAPL and $MSFT are the market cap leaders and they have had a fantastic run lately and after their earnings. 2023-05-28 18:46:32 +0000 UTC View Post

$TLT - RC -

This has been moving sideways since December and has started to decline heavily over the last weeks after losing the 50 and 200 Day MA, the yellow trend line must be defended here as support in order to save the impulse wave....a breakdown and this will likely move down to Wave B in red.

$SQ - RC -

The head and shoulders pattern is still live here, it is possible that $PYPL, $SOFI and $SQ all move together.

Personally I think all three companies are worthy of a position and all are considerably beat up unnecessarily right now.

$PYPL would be my first choice, solely on their strong history and strong fundamen...