The Long Investor

$DOGE

Like I just said under the $TSLA chart, the 1.618 Fib for Wave 3 is like a magnet, the price can overshoot this level but the price action has a strong habit of drifting back to this level to complete Wave 4....which is at the 0.38 Fib at $0.33 now.

It is my belief that Wave 5 has not started yet, it would have been ver...

$TSLA TOP 20

$TSLA has overshot the 1.618 Fib but we know how this Fib level behaves, it is like a magnet, so it is not a surprise to see $TSLA down in the PM now and the price drift back to the 1.618 Fib at $453

I am watching the retest now and if the price does not hold support and rejects beneath this level then we should expect ...

$HIMS

Strong bounce at the open yesterday and this pushed the price up to $33 before the market fade but like I said in yesterdays commentary, I just want to see the 50 MA flip to support and hold above $31 this week....and that is how the session went and ended yesterday

We will find out today from the FDA on the shortage ru...

$NVDA

$NVDA has respected the Fib support levels since September so there was no reason to doubt the test of the 0.5 Fib yesterday at $127, worst case scenario was a flush down to the 0.618 Fib at $120.

Price bounced almost immediately and now above the 0.38 Fib in the PM above $133.

I added yesterday for a low risk bou...

$UPS - LONG TERM PROJECTION

$UPS is looking like a Value play here shortly

• Below the 200WMA by 50%

• Between the 0.618 - 0.78 Fib for Wave 2

• Declined since 2022

• Has not followed the US market

• Fundamentals are healthy and undervalued

• Dividend of 5.10%

  Once suppor...

  2024-12-17 20:28:11 +0000 UTC View Post

$URBN

$URBN has also hit the First Target this week too and continues to look comfortable in this Wave 3.

Golden Cross should happen this week too and this further confirms the bullish trend.

Bulls want to see the First Target converted to support first before expecting a run to $65 and $75 next.

$PSO

First target have now been hit!

A break and hold above $16 is what the bulls want to see next and then this can move up to the Second Target at $19, which would be an impressive run since the Inverse H&S breakout neckline at $13.

$UNH

$UNH continues to drop hard after the assassination of their former CEO

Analysts have said that its drop has been so severe that it is effectively the Dow Jones Industrial Average now

We can see on the chart just how severe it has been, as the price is now down below the 200 WMA, in oversold territory

Price ...

$JASMY

I am watching this 3 wave pull back now in between the smaller 0.5 - 0.618 Fib levels right now after completing a 5 wave move up to $0.048

A lower low is in now and the 3 waves is clear so I just need to see support being held now before I expect a move higher next

$BTC has made another high today so the crypto t...

$DJI

The Dow Jones Industrial Average, the benchmark of the US market since inception in 1896 is looking like it is on limited time now above the 2.618 Fib, we can see that this was the limit for the Cycle Wave 3 too.

It is unlikely going to stay above this level for too long.

As we know, we use the 2.618 Fib on all ou...

$PLTR TOP 20

Yesterday we got a test of the 0.78 Fib at $78 followed by a rejection and now the price is holding below the 0.5 Fib, so we have a lower high in now, a lower low next below $68 would confirm the trend to the downside

Until that happens the Bulls can step in at any stage and try push this higher to the $84 level

S...

$NTNX - RC -

Moving in Wave 5 now and is retesting the blue support line this week

A pull back to the 200 Day MA at the 0.5 Fib at $58 - $59 would be no issue but I would need to see this hold above the 200 Day MA to confirm a move up to the 2.618 Fib next of Wave 5.

Not seeing any concerns to the impulse wave right now.

$EWZ - BRAZIL MARKET ETF - DIVIDEND 8.46%

$EWZ is at a very interesting spot right now as it retests it's bottom support line in this triangle at $23

Losing this level and the price can drop down to the red line, which is the 2016 low at $17.

The attractive points here is that it has not been following the US market to ATH's and offers a very attractive 8...

$RLX

$RLX like $AAL are both giving us a nice pull back now to test their breakout levels.

The 200 Day MA is sitting right at the breakout level here at $1.81 so this is the level of interest for us to add again.

We can also see that the 50 Day MA is moving up to this level too

A test and hold at this retest of s...

$NVDA

We now have a lower low now in the PM, price is below the green ATH line, below the 50 Day MA and dropped down out of this triangle.

3 bearish indicators right now.....while the rest of the Mega Caps storm higher.

I have added in the white fib levels to see where support can come, with the 200 Day MA now drifting ...

$TLT - SAFE HAVEN -

$TLT is still above its 0.618 Fib at $89 and still not taking any direction until we see what happens with the US 10YR at the top trend line....which will likely be decided by the FED this week

I would like to see the FED pause cuts this week, I don't see any benefit to cutting this week, the market does not need any he...

HSI

HSI continues to hold above the 0.618 Fib at 19.038 in white but i'd like to see a higher low from this current small pull back, otherwise we could be looking at another test of the white 0.618 Fib again.

A pull back in 3 waves holding above the 0.618 Fib since its high in October still means that the HSI is in a bullis...

TWEET: HIGHEST DIVIDEND YIELDS IN THE S&P 500 RIGHT NOW

Highest Dividend Yields in the S&P 500 right now:

$WBA: Dividend Yield: 13.6%

$MO: Dividend Yield: 7.2%

$LYB: Dividend ...

$PFE

$PFE is up in the PM now after they reaffirms its Full Year 2024 Guidance and offers 2025 guidance and revenue outlook:

'Pfizer PFE said Tuesday it...