The Long Investor

$S - RC -

It has been a long time since I last uploaded this, where we showed what would happen after Wave 5 in Feb completes, down to where the amber arrow was pointing, that was to the point.

Since then we've had a strong bounce and I liked the pull back in August to the 0.618 Fib at $18 followed by a bounce.

Price is just at the blue resistance line now that could not be converted in March...

GOLD - SAFE HAVEN -

Gold has extended for me, it is now at the 2 Fib having overshot the 1.618 Fib for Wave 3

Such is the rate of capital flowing into safe havens, Silver is also up another +1% today, after running +6.5% on Friday, so possibly with the elections coming up, smart money is hedging their bets into more safe havens.

We know the US Market is not cheap now, its valuations are high, people ar...

$ETH - WATCHLIST -

We have a very clear breakout here from this triangle and like we said in the last update, above $2670 and this will bounce, we have got this through the resistance level now.

You are still VERY early here!

We have a higher high now, a double 0.618 Fib hold and a breakout from a triangle and moving in an impulse wave.

We can't ask for much more.....except to hold above the tr...

$NIO TOP 20

$NIO is -2% in the PM now after the some red from the HSI but still holding on the crucial support area and has not made a lower low below $5.05 which was made on Thursday.

We want to see strength above this level and if there is consolidation along this level for a week or longer, that does not concern me.

A hold above $5 and this would signal that Wave 2 is complete and next would...

HSI

Started the session well and faded throughout the day,like I said under the $QQQ and $SPY charts yesterday, there could be some volatility this week as we lead into important earnings and we inch closer to the election date.

HSI also let off some steam after having an impressive run on Friday.

Price is still above the 0.5 Fib but below the 0.38 Fib right now at 20,657, consolidating...

$SPY TOP 20

PMI and Jobless claims will be the big ticket items on the economic calendar this week but I believe the earnings season will dominate the influence on the market.

So we should expect some wild swings and some volatility to start the week and some market movers trying to squeeze extra percentages leading up to important earnings releases.

The brief is always the same here, do not ge...

$QQQ TOP 20

Earnings season can be influenced heavily by a few heavy hitters and $TSLA has been one of those companies that tends to report earlier than their other Mega Caps and sometimes sets the tone for the rest of the season.

I spoke at length about $TSLA under its chart, so please review this chart before their earnings this Weds.

If earnings season shows that the US Top 500 companies con...

$V TOP 20

$V got the move higher this week that we were waiting for.

Price has blasted away from the 50 and 200 Day MA and has a clear golden cross now too.

I was focused this week on adding to $BABA and $NIO and not starting a new position as I prioritise my current holdings over starting a new one

But I hope members were able to get on this, as the chart and break out has been text bo...

$TSLA TOP 20

$TSLA reports this Weds after the close and if the 10.10 day is anything to go by, if $TSLA does not have a steller earnings report then I don't see how the wedge line will hold at $210 and we have a move down to the 200 Day MA next at $200 or even lower to the 0.618 Fib at $165.

I believe that the best case for the bulls right now from this report is a beat and a move sideways above the ...

$SHOP TOP 20

We have finally seen some break down of the rising wedge this week but the price action has used the 20 Day MA (red line) as support so far.

Earnings report is expected to be on the 31st of October too so the set up right now is not particularly attractive as we lead in to the report

Any blemishes in this report and I believe a sell off will be triggered down to our Buy Zone.

...

$SE TOP 20

This set up is a concern for me in this rising wedge and above the 1.618 Fib for Wave 3.

We can see that the price is getting very tight in the apex and it is somewhere I would avoid right now and if you are keen to add to your position, waiting for Wave 4 to complete is the low risk sensible choice to be made.

$SE, $SHOP and $PLTR have the same set up and brief right now.

$PYPL TOP 20

There is really not much more I can add here that has not been said already.

Price continues to hold above the 2 Fib at $79 and could still make a move higher to complete Wave 5 at $85 before pulling back and the Amber Fib levels represents the pull back levels we will be waiting for to add.

The Buy Zone is the area of interest between $71 - $67.

$PLTR TOP 20

$PLTR has pulled back from its high so far but we can see clearly that it has only retested the 1.618 Fib from above and is so far holding

Earnings is due on the 4th of November and although I expect them to beat or hit estimates, I do not expect any substantial change in revenue to justify this valuation right now and I believe $PLTR needs to buy time and pull back for Wave 4 before movi...

$NKE TOP 20

Higher highs and higher lows are still being seen here in the larger and smaller bounces and moving in an impulse wave and also finished the week holding above the blue support line at $82.

I think $NKE will continue moving higher to its 200 Day MA next at $89 right now

$NKE has its earnings out of the way now too, so sellers are likely drying up.

I have a position and I like ...

$MSFT TOP 20

I wish I could be more optimistic for $MSFT holders but I just can not warm to a possible bullish move here right now

Price action is struggling at the 50 and 200 Day MA and has broken down from the bearish channel too and has not been able to hold back in the channel either.

A break below the 0.236 Fib at $408 would all but confirm that a lower low is next

That being said, it...

$INTC TOP 20

$INTC is in the same category as $SMCI and $CELH for me....all three have been beaten down and once they break out and hold above their respective resistance levels, I believe there is a strong move to the upside.

So in $INTC's case, a hold above $24 and I believe this can move up to the 200 Day MA next at $33.

I also like how $INTC has been moving since finding support above $18 an...

$GOOG TOP 20

$GOOG is still stuck between the $167 level and the 50 and 200 Day MA and we can see that the MA's are moving up to this $167 level now, effectively squeezing the price in this range

We want to see a break out to the upside and go to at least our Wave B range between $175 - $183

If the price breaks down from here below the 200 Day MA then I have added in the white support levels bet...

$DIS TOP 20

No changes here, chart moving as expected, we got the bounce this week and moving comfortably in Wave 3 and I expect this to continue moving higher to the $100 level which aligns with the 1.618 Fib and the 200 Day MA

We may see a pull back for Wave 4 then as we lead into earnings in the middle of November.

$DIS has not been picked up by the retail investor I believe but it has now j...

$BTC TOP 20

$BTC is at the critical level now testing $69k, which has been the tough level to convert to support and has failed at every attempt since March.

However this time may be different

Trump pulling away and leading in the polls has also allowed $BTC to be in this position and institutions feel the same way as they added to their $BTC positions this week too.

If $BTC breaks above ...

$BABA TOP 20

All eyes on $BABA, HSI, $BIDU and $NIO this week to follow through on their impressive hold and bounce on Friday.

Price has so far bounced where it needed to but we must see a follow through this week now.

As always, we are watching for a series of higher highs and higher lows next to confirm an impulse wave higher which we expect it to be Wave 5.

I have added this week at $10...

$AMZN TOP 20

$AMZN finished the week exactly at $188.99 which is always funny to see as the bulls and bears are making a statement that the fight to take this important level is still on.

We know a hold above $189 and $AMZN can move higher to the $200 level and I am leaning on the side of this happening, more so than breaking down

Especially since the price has broken above the bullish wedge and...

$AMD TOP 20

We are all watching this closely.

We didn't get the hold of the 200 Day MA and the $164 level but the price is still holding above the 50 Day MA and the yellow trend line and the 0.5 Fib, so there is support here.

$SMCI has not taken off yet either

$AMD report on the 29th and if it is a beat then I expect a reversal to our Wave 3 target.

I am not concerned right now.

$ABNB TOP 20

Still holding strong at the 2.618 Fib but a number of rejections at this level still at $136, Bulls look like they want to test the 200 Day MA at $143 and bears are looking for that ABC pull back and so are we and we can add again between $123 - $120.

I will not add again at this current level, only after the pull back is complete.

$AAPL TOP 20

$AAPL not a lot to update over this weekend, the vast majority of charts are moving as expected and there have been no surprises as we lead into the busy end of earnings season now.

$AAPL tested its ATH line this week and pulled back to retest the ascending triangle breakout level again to finish the week above $233.

Holding above this level and $AAPL can retest the ATH level again ...

SILVER - SAFE HAVEN -

Silver has been the perfect safe haven

It is up over +46 % over the last year and up nearly 40% since we first bought in March

By all accounts this has run very aggressively for a safe haven

But the wave count has been immaculate here.

We are at the 1.618 Fib now at the First Target but I am not touching my position, the brief remains the same, do not touch t...

$CLSK

When $BTC runs, it will bring the entire sector with it.

$COIN and the miners are joining the party too

I have added the impulse wave count here too and we can see that this bounce has already overshot the 1.618 Fib for Wave 3 and could extend as high as the 200 Day MA at $14

If you have missed this run, waiting for the Wave 4 pull back makes sense here

TWEET $NIO TOP 20

I am clearly going down a rabbit hole right now reviewing historical charts but I do like this

- At its 200 Day MA

- At its 50 Day MA

- At its 0.618 Fib level

- At its 2024 support/resistance level

- At its IPO price

- At its Golden Cross level

This is probably the biggest confluence level I have seen on a chart before.

TWEET: $BABA TOP 20

I was reviewing $BABA's history and its consolidation period between 2014 - 2017 and it is almost identical to the consolidation period between 2022 to now.

With the 200 WMA being the trigger for this to break out and move higher in a bull run at $119.

The resemblance is uncanny.

$SQ - WATCHLIST -

$SQ is looking very good here

Moving bullishly with $BTC due to its $BTC holdings I believe and comfortably in this Wave 3 moving to the 1.618 Fib at $81.

Aligning closely with the yellow trend line

Likely +10% left in this move before a pull back is needed for Wave 4 to $72 again and Wave 5 remains at $94.

$BIDU

$BIDU needed to test its 50 Day MA for support which is below the 0.618 Fib but above the wedge it was in since July 2023

The pull back was harsh and testing but it remains valid and we stayed with this, mainly because I believe this is strongly undervalued and the market has not considered the value at play here, especially its AI exposure.

Like I said in the chart group today, I w...