The Long Investor

The LIT Sunday News.

Quantum-Computing Stocks Plummet After Nvidia CEO’s Caution

Quantum-computing stocks tumbled sharply after Nvidia CEO Jensen H...

$SPY TOP 20

$SPY commentary is almost identical to that of the $QQQ chart I just uploaded so please review this chart when you have a chance.

Big decider this week will be how CPI prints, if it comes in cooler than expected then the market can release a sigh of relief and this could help the bulls at least make an attempt to recapt...

$QQQ TOP 20

The $QQQ had shown relative strength compared to the $SPY for the last few months, as the price stayed in the rising wedge, above the 1 Fib at $510 and above the 50 Day MA but this was all lost this week and a lower low was made.

So the trend right now is in favour of the bears unfortunately and the bulls must step in t...

$V TOP 20

This is certainly something that needs to be paid attention to because $V has not been showing any weakness over the last few months and suddenly the 50 Day MA is lost this week and the price finished below this MA.

So it is moving in sync with the market, any rejection below this level and the 200 Day MA comes into pla...

$TSLA TOP 20

The plan remains the same here, the ideal place to hold for Wave 4 is always on the 0.38 Fib and this is where we would like to see support confirmed.

The 50 Day MA has moved up very well and it is at $365 so this is a level to watch for this week.

If it is not held then we can expect $355 to be tested next.....bu...

$SHOP TOP 20

A very common theme this weekend is the price action losing the 50 Day MA support level, this is across the board on a lot of stocks in different sectors too.

Price has gone very close to the top yellow wedge line as well but again we want to see this level not held and the price dropping down into the Buy Zone at $84 2025-01-12 20:31:05 +0000 UTC View Post

$SE TOP 20

$SE finished the week retesting the 50 Day MA but we would like to see this level not flipped back to support and reject at the 50 Day MA and move down to the Buy Zone

We can also see that the 200 Day MA is in between the 0.38 Fib and the 0.5 Fib levels so this is an area of interest here for holders and those that want...

$PYPL TOP 20

A clear flush down through the 50 Day MA this week as we have been waiting for, so I am very happy to see this happening, so we can add more in the Buy Zone before this runs away on itself

I did not trim this week because I was not as active as I would have liked, so I am happy to keep with my position and just add belo...

$NKE TOP 20

$NKE has lost its final Fib support level so the next test is the July low at $70.75 and the price action is very close to this level.

The Covid Low is at $60, so this is as close to the bottom as i'll call it and it would offer incredible value at this level with a substantial margin of safety as a long term hold.

$MSFT TOP 20

A lower low has not been made here just yet but the chart continues to concern me and I am still leaning on $MSFT being in its ABC correction while being below its 50 and 200 Day MA here.

$400 level is still the deciding factor for me and a lower low below this level and I will call confirmation on Wave C then.

My...

$INTC TOP 20

Consolidation range looks to be under threat and if a lower low is made next below $18 then there is a possible large drop to the bottom blue line at $12 which was the 2009 Great Financial Crash bottom 16 years ago....yikes.

$GOOG TOP 20

$GOOG and $AMZN have been holding relatively well and the price action finished here on the green line at $193 to end the week but on the upside of the bullish wedge too

So bulls are in control here and the price is also comfortably above the 50 Day MA too.

Continue to hold your position and if there is a Melt Up ...

$DIS TOP 20

Very happy with the chart here, no changes for the last few months and the 50 Day MA has now been lost too.

I still expect a drift down to the Buy Zone next over the coming weeks/months and it would be attractive to add at or below $100 once support is held.

$BTC TOP 20

$BTC and the US Market continue to mirror each other and both are below their 50 Day MA right now after a rejection below this level on Friday.

A lower low has also been made here too, so the bears are in control right now.

It is also a long way down to the 200 Day MA at the 0.38 Fib right now at $72.7k which is t...

$BABA TOP 20

We are still not seeing any momentum towards a reversal here yet and the price effectively finished on the 0.618 Fib but below the 200 Day MA to finish the week.

Again the bulls will need to attempt to recapture the 200 Day MA at $84 next, otherwise, any rejection under the 200 Day MA or the 0.618 Fib and the 0.78 Fib t...

$AMZN TOP 20

$AMZN still remains the best looking set up out of all of the Mega Caps now for me....with $GOOG a close second.

The $220 support level was lost this week so this is the concern but bulls can fight another day for the $220 level starting tomorrow.

Price is still in a bullish formation and still above the 50 Day MA...

$ABNB TOP 20

$ABNB could not start its new impulse wave and decided to pull back for another retest of the 0.5 Fib, for me right now this needs to show support before considering a buy here.

A lower low is likely next for $ABNB in this set up and the 0.618 Fib would be the next test level at $124.

Only then do I believe a new ...

$AAPL TOP 20

We will see on the charts uploaded today that there was considerable weakness shown on Friday across the board for the market and the Mega Caps and it should be putting us on alert for the week ahead.

$AAPL lost its 50 Day MA and went below the ascending triangle, price managed to hold just slightly below the blue line ...

$QQQ TOP 20

This is just an observation because I wanted to see how far the price action has gone above the 200 WMA in the last 24 years, and the highest breadth between the two was in 2021.

And their similarities is uncanny, as they are both identical right now.

Again, it is just something I am watching

TWEET:

2025-01-12 12:12:22 +0000 UTC View Post

$TSM

$TSM reports before the market opens on Thursday and it is one of the first Mega Caps to report and a vital link for all of the Mega Tech companies

$TSM makes chips for: $AAPL, $NVDA, $AMD, $AVGO and $TSMC

So if they announce a solid report and guidance, this will certainly set a positive tone as they will likely...

US OIL

This is a significant gear change for US OIL.

However there is no changes to this US Oil chart, this is what we have been using for the last 2 years.

We can see that there has been a breakout to the upside out of the wedge, which is also a breakout above the 200 Day MA $75.45.

So holding above this level now...

EARNINGS FOR THE WEEK AHEAD

Banks and the Financial Sector dominate the earnings this week and the seasons officially heats up when these guys are reporting

They will give us a first glimpse into how they see consumer spending over the next 3 months and listening to their guidance will be important

$TSM also reporting before the market opens...

SILVER - TOP 10 - SAFE HAVEN -

Silver is guiding us.

We can see in March '24 that Silver jumped from $22 to $32 in 3 months, a +30% jump for a safe haven like Silver is astronomical and it jumped because in April '24 the market had originally expected the FED to Cut Interest Rates, so the market anticipated this.

And in April/May inflation rebo...

$ETH

With $ETH's current set up and rejecting at the $3700 level, I find it hard to see any other set up right now and believe the price will make a lower low and come down to the 200 Day MA between the 0.5 - 0.618 Fib range.

I have already decided that my $ETH position will not be touched until a new all time high is made, ...

$PEP - SAFE HAVEN -

$PEP continues to pull back and is on a strong course with the 0.618 Fib at $137, significantly below its 200 WMA at $168 too.

With a dividend of 3.8% this is a very attractive safe haven at this level and it is a genuine coin toss between $PEP and $KO right now, at $137 here or at $60 for $KO....both companies are equa...

US 10 YR

The root of the problem on Friday is very clear, this US 10 YR.

It aggressively pushed higher and it also does not look like the pain is over right now.

It is hard to see how the US 10 YR does not make it to 5% next which is also the high from October 2023 too.

Going above 5% and we are back to 2007 levels.....

$OSCR

Clear rejection at the 50 Day MA at the 0.38 Fib at $15 and the price pulled back on Friday, I have added in the green fib support levels to show where we would like to see a higher low in order to confirm a new impulse wave count.....we can see that the price finished Friday just above the 0.618 Fib, so far then we have a st...

$NVDA

This inverse head and shoulders pattern is not pretty but still valid and can still bring the price action back above the $141 level and to the Wave 5 target at $160

That being said and I'll discuss this at length tomorrow but the $SPY chart is not looking pretty now....we spoke during the week about testing the 50 Day ...

$HIMS

Big flush down at the opening yesterday and below the 0.618 Fib but did not touch the yellow bottom line in the descending wedge, strong recovery then and where did the price action finish the day?....exactly on the blue line at $25.41....not one cent higher or lower but exactly on the line we have been monitoring since June<...

$AMD TOP 20

I wanted to add the $AMD chart earlier than tomorrow because I know a lot of members are keen to hear my thoughts on the price action from yesterday

But I think many members will know what I am about to write:

Price action did flush down yesterday due to Goldmans downgrade to $129 from $175, and the price action f...