The Long Investor

TWEET: $ONON

'$ONON holding support above $56 makes this VERY attractive.'

On the regular chart we use for $ONON, we want to see a pull back, which would align with the Handle of this Cup and Handle formation but holding above $56 and the bulls have made a statement, blue line at $56 is an important support level.

2024-12-16 12:37:38 +0000 UTC View Post

US 10 YR

10YR is right at the top line again for a retest, this is happening as we lead into the FED's decision this week on whether to decrease or pause any rate cuts.

So not a surprise to see the price testing this important level right now

Bond Bulls want this to reject and so will the finance sector.

This will ma...

$ZS

I continue to like the look of $ZS here, it is a cloud security company that has lagged the sector because it is slightly unprofitable but on the cusp of turning profitable.

It has never missed an earnings estimate since it went on the exchange and the chart continues to look very well

With a sold hold on the 0.61...

$F - DIVIDEND 5.77%

$F is a cyclical stock and if you look at its chart over the last 100 years, you will see a perfect representation of the US economy.

Even on this chart, you can see the 2008 crash and the price dropped to $1 because there was no lending from banks, again in 2020 when the market crashed due to Covid.

Price keeps d...

$SKX

I wear $NKE, $ONON and $SKX and by far the most comfortable is $SKX and they focus not only on niche training shoes, they continue to expand leisure, training and casual....but I believe they are slow to developing apparel, I think if $SKX start competing on this front next, they will get a further bullish injection which ali...

SILVER - SAFE HAVEN -

I want to remind the group of the big picture here and how I see this moving for the next 12-18 months

We can see that the blue line is significant at $30, it was the resistance level in 2021 and a support line for 4 years after the Great Financial crash from 2008 onwards.

So it is not a surprise to see the price ...

$ETH

Very nice movement here over the last 24hrs, we got a test and bounce on the 0.38 Fib at $3800 for subwave 4 and now back up above all important moving averages on the 1hr and daily charts.

$BTC has also made a new high last night too and is likely carrying the crypto sector

I would be surprised if we do not see a...

Earnings and Economic Calendar

Earnings:

$MU on Wednesday
$ACN and $NKE on Thursday

$CCL on Friday are the 4 main charts which are of interest to us and have all been covered in our group

$NKE particularly and I spoke about what we need to see on this weekends chart.

Calendar:

The FED will...

$QQQ TOP 20

$QQQ performed stronger than the $SPY this week, mainly brought on by the strong moves from $GOOG, $TSLA and $AVGO....with notable mentions for $MSFT and $AAPL too.

Price even broken out of the rising wedge and finished the week above this level too

A break to the upside of a rising wedge is an aggressive move and...

$SPY TOP 20

The market sell off on Thursday and Friday made a very small blip on the chart and it reflected some sideways movement but did not change the trend or has given us any cause for concern in the short term

Price is still comfortably in the rising wedge and has not tested the bottom line yet or the 50 Day MA, which is just...

$TSLA TOP 20

I shared the larger impulse wave count of $TSLA on Thursday and in spite of the market selling off, $TSLA continued to roar higher in this Wave 3 and appears locked into hitting the 1.618 Fib target by the end of the year

The plan remains the same here, I expect $TSLA to pull back for Wave 4 but it will not be in an ABC...

$SE TOP 20

$SE has been accumulating in between the 2.27 and 2.618 Fib level for Wave 5 over the last few weeks and there may be an attempt to make a run for the blue line at $136 if the market melts up....but the 2.618 Fib is where we always set Wave 5, so there should be no surprise to see a pull back at this point, to the Fib levels ...

$PYPL TOP 20

I spoke about the significance of this 1.618 Fib last weekend and we can see that there is some resistance at this level already, still no break down however and their CEO continues to stay in the limelight with positive updates for the market.

I want to add $PYPL but I will not add again until the ABC completes and I a...

$NKE TOP 20

$NKE reports this Thursday and a lot of people are interested to hear how the new CEO is getting on and if there will be any guidance given this time round

$LULU reported last week and it was impressive and bounced +20% post earning

Long Term everyone knows my thoughts here, I believe it will take time for $NKE bu...

$MSFT TOP 20

Big response from $MSFT this week, the market couldn't Melt Up without this old dog and the price has managed to climb back into the amber Wave B range again, $AAPL and $GOOG have also stepped in this week and in a strange turn of events, its $NVDA that has been showing weakness, whereas the legacy market leaders have all ste...

$INTC TOP 20

Held support on the 0.78 Fib this week but is very sensitive to selling pressure in this sector right now, it won't be an outlier and go against the sectors trend at the moment

A lot will rest on $NVDA staying above its 50 Day MA and above its previous ATH if $INTC has a chance of moving to the upside next, otherside I ...

$GOOG TOP 20

$GOOG had the week to remember and all they needed to do was invent a chip that was the fastest chip to ever exist and advance computer power by decades.....incredible that this was either kept quiet from the market or the marker completely ruled out this potential.

Either way, we were tested when $GOOG was testing its ...

$DIS TOP 20

We can see that the price did not hold the extended 3.618 Fib at $114 on the retest to end the week and is showing a clear trend to the downside with some selling pressure with the market

So a further rejection below the $114 level would confirm we are in the ABC pull back and the 0.5 Fib at $101 remains the target leve...

$BABA TOP 20

We wanted a better reaction this week to the Economic Conference but the market did not immediately show a bullish response

Retail may take their eyes off this but I don't believe Institutions will, the fact remains, China has started an aggressive QE program which will flood the economy and stimulate growth.

I am...

$AMD TOP 20

We trimmed $AMD the moment it lost the $131 level this week and so far it has been the right decision as this was a signal that there was more downside to come with a lower low in.

We have identified a very strong confluence level between the 200 WMA at $114 and the 0.618 Fib at $120, so I believe the price will continu...

$AMZN TOP 20

$AMZN and $AAPL have a very similar set up right now, both have broke above their respective resistance lines without retesting their levels and there was some selling pressure to end the week

$AMZN may also need a retest of its breakout level at $220 before going higher.

I believe $AMZN can reach $245 once the $2...

$ETH 16 YEAR PROJECTION

Me: I'll take today off and relax

Also me: Nah, 16 year $ETH projection!!

Dates are always conservative but they do follow Fibonacci date projections (blue vertical lines)

$42k in 2041 does look very nice buying at current levels to hold

10 X from its current price.

$ABNB TOP 20

I know there were many doubts that this would not pull back but when we look at the structure now, it is almost perfect and this ABC pull back aligns with the length of time of the impulse wave too, so both have been in harmony and this is as standard as they come.

I think a lower low will come in here next and a test o...

$AAPL TOP 20

$AAPL has had a monster move from the Day that Trump won the election and only this week did it decide to let off some steam with the market

Price is still above all important moving averages but what we have not seen yet is a retest of the ascending triangle breakout level at $237, if there is a chance for $AAPL to ret...

$ETH

Still comfortably above the $3700 wedge top line support level and moving in a subwave 4 count now for me, so I am watching for a hold on the $3809 level to complete subwave 4 before moving higher.

The 0.5 Fib can also be tested at $3753....but losing this level and the wedge top line may be under pressure again to hold...

$BTC TOP 20

$BTC continues to move with the US Market, where we can see a rising wedge on the $SPY chart, we can see a bearish channel on the $BTC chart, also very common in a Wave 5.

Both of these formations are found in Wave 5 where waves overlap each other in an Ending Diagonal, which can only be found in Wave 5.....and Leading ...

$PSNY

Needs to start finding support soon, very similar set up to $NIO right now, a strong bounce in Sept/Oct and pulling back in search of support now.

$NIO's moving averages look slightly better however because $PSNY could have a death cross here soon which will put enormous pressure on them unless a catalyst comes along. 2024-12-13 19:47:25 +0000 UTC View Post

$MSTR

As long as $MSTR can hold above the blue line in between the 0.38 Fib and 0.5 Fib and $BTC rallies into the EOY or early next year, then this can complete Wave 5

The consolidation since November has allowed the moving averages to move up too, which is a positive sign

Fundamentally this is dog shit and I wouldn't t...

$LULU

Solid resistance and rejection at the 3.618 Fib and there should be no surprise here to see this still moving very well

We can see that the white fib levels for a pull back align very well with the moving averages, with the 0.5 Fib the area of interest as the 50 Day MA is about to cross the 200 Day MA for a Golden cros...

$SMCI

Retesting the blue support line today at $35 which is slightly below the 50 Day MA and the 0.38 Fib

If $SMCI does not hold this $35 line then it could start working it's way down through the support levels but they should still keep $SMCI on the outside of the descending wedge

There is still risk here but a higher...