The Long Investor

$SPY TOP 20

$SPY looks very healthy here as it comfortably moves up above the previous ATH line and moving to our Wave 5 target.

The 1.618 Fib level at $589 remains the target, anything above this level and I believe we see some aggressive movement in a melt up scenario.

It will be the final red flag for us to see, a parabolic move in Wave 5 will likely be met with a decline next as always.

$QQQ TOP 20

$QQQ continues to lag behind the $SPY and I believe this is down to $NVDA and $GOOG and the price finished at the amber 0.78 Fib, the trend is still clear here to the upside and towards testing the previous high too, so there is no rejection on the chart right now.

If the price breaks and holds above the previous ATH, we are looking at a 'Melt Up' Scenario, the ultimate exit liquidity sit...

$SE TOP 20

$SE has jumped very aggressively from $55 to $94 and it has caused me to update this chart slightly after such an enormous run.

I see the price now at the 1.618 Fib taken from the previous high and low and believe a Wave 4 pull back is due very shortly before moving higher to complete Wave 5.

Watch for a test of the blue line at $88 for support, this may be enough to complete Wave 4...

$PLTR TOP 20

Peter Thiel has reported he has sold over $600 million shares in $PLTR over the last week or so, there is a slight slow down this week too as the market does appear to weigh in on the potential overvaluation right now

I don't think anyone is denying that this is a fantastic company to hold for long term but with so many legacy companies on sale right now, it's hard to commit more money to...

$MSFT TOP 20

$MSFT tested and rejected so far at its amber 0.618 Fib and showing a pull back like $AMZN to end the week

A retest of the 50 Day MA could be next at $420 and we can see the 200 Day MA is moving up to this point too to offer further support

I don't believe this Wave B is complete just yet.

$INTC TOP 20

$INTC is also showing movements like $NKE, DIS, $ABNB etc but is slightly behind, we only have one bounce so far, so likely still in Subwave 1 since finding support at $18.

The price is above the 50 Day MA so we will see if support can holding above $24 next

When I see a small pull back I can add the fib support levels we can expect for a higher low next for Subwave 2.

$DIS TOP 20

$DIS appears to be forgotten about by the market and many but the price has been moving beautifully in this impulse wave and looks set to continue its move higher to the 1.618 Fib at $99 with the 200 Day MA just slightly higher at $100

There is very little for me to add here, it is moving as we projected.

$V TOP 20

We wanted to see a hold on the 200 Day MA, above the bull channel and the 0.618 Fib....this is exactly what we got, when many believed this was running and left us behind at $294.

If the price continues to hold at this level, this should be considered by anyone who intends to hold this for long term.

DO NOT WAIT FOR MY BUY SIGNAL TO ADD any position

This is your portfolio

$TSLA TOP 20

I am surprised to see $TSLA not getting as much attention as it should up at these levels but it is sitting at $260 now, having cleanly held above the wedge breakout level and the 200 WMA.

Breaking above the previous high at $270 and holding and to me then bulls have it and it is then confirmed in Wave 3, my long term projection chart for $TSLA is available in collections, it is also comm...

$SHOP TOP 20

$SHOP is still at its 200 WMA now, so my plan still remains the same here, not to chase this.

I like the company and its moat but the fundamentals are too high for me to chase a stock here at these levels.

A pull back as planned to the buy zone remains my target, otherwise I am happy to sit on my $56 average.

$PYPL TOP 20

I would be lying if I said that $PYPL is not looking extended here, this Wave 5 is very aggressive looking and the price is struggling a bit at the 2 Fib at $80.

The 2 Fib is a perfectly fine level to complete Wave 5 too

Like I said in last weeks update, an ABC pull back next to the blue support line at $69 would be very attractive here to add and it is something I will be taking ad...

$NKE TOP 20

I am adding the weekly long term projection chart this week which I have shared on X too, we can see clearly that the price is at a very strong resistance/support level at $89 now, highlighted by the blue line and the white dots.

A flip of this level to support and $NKE I believe has left the worst behind it and we can confirm that Wave C is complete.

This chart has been stunning an...

$GOOG TOP 20

$GOOG is still lagging the other Mega Caps but was showing some bullish signs to end the week with a break and hold above the 50 Day MA but still below the 0.236 Fib at $167.

I believe $GOOG will catch up, at the very least to complete Wave B, which is why I added under $164.

My plan remains the same here, take advantage of the relief bounce, regardless of which set up this is in. 2024-09-29 12:05:14 +0000 UTC View Post

$BTC TOP 20

$BTC has broken cleanly above the 200 Day MA, we did get a retest on Friday and the price used this as a platform to propel higher.

The very large confluence level now waits above at the channel top line and the blue line at $69k

Equities have been running hot lately and commodities but also $BTC has jumped now from $49k in August to $65k now, this is still a +31% jump, the delusion...

$BABA TOP 20

$BABA and a lot of Chinese ADR's had an incredible week as we finally got the 'Shock and Awe' stimulus measures that we have been waiting a long time for.....it has been nearly a year since we have said this is needed, not one to rush or succumb to outside influences the Chinese Policy makers...but they did not need to wait this long to start printing....they are possibly showing a different ap...

$AMZN TOP 20

$AMZN broke above the blue lines during the week but there was a notable pull back on Friday for a retest, price managed to hold on the level to finish the week off

Like $AMD, the support is not confirmed yet, it is simply just a test now, we will need to see how the week opens to confirm support, it can sometimes take a number of tests of support before it is confirmed.

I would als...

$AMD TOP 20

$AMD has given us a great week, price went as high as $167, so we are sitting on nice profits now since our buy in the early $130's.

Crucially, we have been waiting for the the blue line to convert to support, after having no issue going above the 200 Day MA at $160.

Price finished the week at $164 so it is not a confirmed support level but happy to see this recognition, we still ne...

$ABNB TOP 20

$ABNB is a company I like as a long term hold and we added $AMD instead of $ABNB when it broke above the yellow line at $120, $AMD has performed just as good but I am still keen to add here when Wave 4 pulls back as we have been waiting for.

We wanted to see a rejection at the $130 level and that is what we are getting here, so we have a very controlled rejection of Wave 3 at the 1.618 Fi...

$AAPL TOP 20

$AAPL no changes to last weekends update, or the weekend before that

Price is still moving up to the previous ATH line at $237 and consolidated sideways this week, which was traditionally a weak week for the market but managed it fine.

A break above the $237 level and holding and we are looking at a 'Melt Up' scenario here, a rejection at $237 and we need to consider the Wave C scen...

$CROX - WATCHLIST -

$CROX is at a very important level now, it has just tested a 3 year resistance level at $151.

At no point has $CROX been able to hold above this level on a retest

It is likely going to make another attempt again at a breakout, followed by a retest.

We can see that it has already retested the large wedge and the 200 Day MA and successfully bounced and made higher lows.

So...

$URA - URANIUM ETF -

Well this $URA ETF went exactly to plan.

Chart was initially shared in December 2023, showing a rejection at the blue line at $31, followed by a year long ABC correction completing at $24 on the 0.618 Fib....which is what happened.

Unfortunately it bounced straight after a double bottom and has gone back up to the 200 Day MA.

There is a lot of talk about Uranium lately as ...

$COIN

$COIN has reacted well to $BTC breaking out above its 200 Day MA.

It is up +6% now and testing its 50 Day MA at $190 to finish the week.

The important levels here are the 200 Day MA and the blue line which is between $200 and $204.

This will likely be the equivalent of $BTC breaking above the $69k level

So if you don't like $BTC, catching $COIN instead may suit you

$OXY

On the weekly chart, the picture is clear.

Price is sitting on the 200WMA, this is also where $ETH found support too

The RSI here on the weekly chart is at 27 and on the daily it is at 30

This is in oversold territory now, it is offering a margin of safety and -20% lower than Buffetts average.

The only question for holders here should be:

'Am I prepared to hold thi...

$ETH

I am watching closely to see if $ETH has completed its Wave 3 and Wave 4 already and we start seeing a move up to our Wave 5 target, which could go as high ast the 2.618 Fib which will align with the 200 Day MA.

Again, like $NIO this is moving in an impulse wave which is what we want to see after a pull back to the 0.618 Fib at $2100, followed by a second 0.618 Fib pull back.

I do l...

$ONON

No changes to the $ONON chart here, price is struggling slightly at the Second Target and our Wave 5 level and looks set to finish the week on the $51 level at the Second Target

No rejection here just yet

The Amber Fib support levels are still on the chart to show where the pull back will come to if a rejection starts next week

I suggest waiting for a rejection before taking a...

$LULU

$LULU is giving us a double 0.618 Fib hold here

First hold was on the $226 level, second hold on the $244 level, price has now bounced up to the larger 0.5 Fib at $281.

Break above this level and holding and I believe this will follow the other charts that have given us a double 0.618 Fib hold set up

Price went slightly above $281 today but did not hold, so waiting until $281 ...

$CHTR - WATCHLIST -

We had a brief discussion about $CHTR in the chat group today.

Price has pulled back very well here to the confluence level of the 200 Day MA and the 0.5 Fib at $311

I'll remind members that this is a very popular stock amongsts superinvestors who have been accumulating this over the last 2 years.

I believe a hold between $311 - $293 could offer a very attractive opportunity a...

$PSA

In a very clear Wave 3 now and moving towards the 1.618 Fib at $384, if you are already in now, stick with this until it can move higher.

Adding then at Wave 4 at $335 then would make sense....Wave 5 should bring this back up to the blue line at $420.

A break above this level and Primary Wave 3 is confirmed over the next few years.

$EL

I highlighted this yesterday because there has been a large bounce right up to the channel line as the market is clearly searching for undervalued beaten down positions in this current optimistic wave....$DIS, $INTC, $NKE, $BABA, $PYPL etc are all getting their rightful attention right now.

$EL is a legacy sector leader and it is a not a surprise to see Buffett add $ULTA to his portfolio,...

$PFE - WATCHLIST -

I think $PFE has the potential to be the next $PYPL and $BABA/$BIDU/$YINN

The setups are very similar, long consolidation, good fundamentals, building up slowly in bullish wedges and above moving averages and just waiting for the right moment.

Dividend is also 5.8%

Yes they have been slow to catch up with $LLY and the fat losing drugs but they will catch up and dominate again ...