The Long Investor

$AAPL TOP 20

No changes to the $AAPL chart for the last few weeks and $AAPL is performing a lot stronger than the other Mega Caps right now, it is moving with the $SPY more so than the $QQQ.

$NVDA hit a wall post earnings and $MSFT, $GOOG and $AMZN are at their 200 Day MA

Whereas $AAPL is above is 50 Day MA comfortably above its 200 Day MA and looks set to test its previous ATH line at $237

$BTC TOP 20

The 200 Day MA has been the important level to flip to support and the bulls are having a very difficult time with it.

Breakout happened on Friday the 23rd and on the the retest, there was no attempt by the bulls to hold above this level, once the level was lost again it sold off.

The attempted impulse wave now since Wave E is looking very weak and a lower low is more likely next, e...

Evan on X (formerly Twitter): "Warren Buffett's first national TV interview from the mid 1980s pic.twitter.com/2R1qkzHwC1 / X"

$XBI - WATCHLIST -

Bringing this Biotech ETF back to your attention again because the price is testing the blue line at $101

An ascending triangle has formed here now too which I have added and my Wave Y target remains at $174 by the end of 2025

A breakout and hold above $103 and this is bullish.

$BCHUSD - RC -

$BCH has certainly completed its impulse wave higher to $718 this year and is deep into its ABC correction and a pull back to the 0.618 Fib is already visible, as the price has been trying to hold at this level since the start of July.

There are signs that this Fib level is struggling to hold, especially with some weakness in the sector lately.

So we can't rule out a test of the low...

$NOVA - RC -

$NOVA has moved strong since its earnings beat at the start of May, which stopped its losing streak of 4 negative earnings in a row

Price has bounced from $3.36 to $11 since then.

Price is also above the 50 and 200 Day MA and we can see that a golden cross is about to come in between the 50 and 200 Day MA next

Flipping the blue line at $12.48 to support can give this a good ch...

AML - RC -

$AML chart was highlighted a few weeks ago and I said I would bring this back to your attention as we get close to the wedge trend line

We can see that the price has been consolidating between the 0.78 - 0.887 Fib and moving across to the trend line line now, where the 200 Day MA is moving to as well

A break and hold above the 200 Day MA at 170p would trigger a break out here.

$ULTA

I can assure you that Buffett is not kicking himself for entering $ULTA last quarter and that they have had a disappointing quarter, he was likely aware of this and is happy about its long term plan and trajectory and will probably be taking advantage of this pull back today.

Price hit a low of $342 today and has already recovered to $360 already

The 0.618 fib is at $296, where the ...

$COIN

$COIN and $BTC are effectively moving as one.

Both lost their 200 Day MA this week and rejected on their retest from below too.

Lets see if $COIN and $BTC can put in a higher low next or $COIN is back down to the 0.5 Fib at $157.....the 0.618 Fib is at $128 too.

$LULU

Earnings report came out yesterday after the close and they beat on earnings but slightly missed on revenue, market hasn't been too tough on them today after this mixed earnings.

We can see on the chart that there was a test of the 50 Day MA leading into earnings and a pull back has come now

I am looking at the 0.5 - 0.618 Fib levels to see if support can be found here between $250 ...

$IWM

$IWM looking a little messy now after August's sell off but an Ending Diagonal is still valid here and the price is still above the 50 and 200 Day MA

Tom Lee said that $IWM would jump +10% in August, it will now finish the month negative, I did find this odd that someone would try and put a time frame on this call, especially such a short time frame too.

Remember $IWM did not hit AT...

$PG - SAFE HAVEN -

$PG is a notorious safe haven for a number of decades now and continues to do its job today too

Snipers bought $PG on the 200 Day MA retest post earnings and they bought the dip up very quickly, price has resumed its upward trajectory as if the flush never happened

I think a breakout higher is coming here above $172 and this can move to our First Target at $177 next.

$HIMS

$HIMS has tested the yellow trend line 3 times this week, which remains above the 0.5 Fib at the 200 Day MA and we can see that the 200 Day MA is moving up to this level too.

Losing the trend line would not concern me but a break below the 200 Day MA and more importantly, rejecting under the 200 Day MA, then there is a possibility that the 0.618 Fib will be tested next at $11.50.....which...

$NVDA

$NVDA continues to struggle on any momentum and when the market starts off healthy, there seems to be a gradual sell off from profit takers from any small bounces

Price is just at the 0.38 Fib now at $118 too which is still the standard Subwave 4 level to hold

Like I said on X, $NVDA can have no issue just moving within this larger wedge until the market takes its direction

I ...

$NIO TOP 20

Certainly a channel breakout today above $4 but went short of testing the 50 Day MA at $4.25, which can still come next week if we continue to see the HSI performing strong

$NIO also has its earnings out next Thursday so it is a big week for them

It goes without saying that they need to beat or at the very least show improvements to their margins, if this can happen then $NIO can br...

HSI

The HSI has had a fantastic month of August, jumping from 16,400 to 18,200 today

State funds in China also revealed today that they have been buying Chinese equities in Hong Kong too, coupled with the 3 year $BABA investigation finalising today and a note to say that authorities will work with $BABA going forward

Positive news all round

Price has now finished the month above t...

$BABA TOP 20

Catalysts, Earnings, Court Cases and an unsettling market have all potentially influenced the share price of $BABA lately but not a single change has been made to the chart, in spite of these influential points

Wave 3 is still the target at the 1.618 Fib at $88

I would like to see a higher high next, since we have a higher low in now, so a break above $85.75 and I will be happy to f...

$DELL

Earnings reported yesterday after the close and it was a double beat with an initial jump of +7%

Market has opened now and up around +3% but a higher high has been made now

We can also see that the 200 Day MA was being used as support leading into earnings too, so it only needed a beat to move higher....especially after hitting its 0.618 Fib at $88 at the start of August

I th...

$CRWD

$CRWD is moving very close to our Wave B level, which is at the blue line at $300, the 200 Day MA and the 50 Day MA shortly, making this a very strong confluence level

The 50 and 200 Day MA might complete a death cross here too before the price action hits this level at $300

Like I said before, I see no Wave B since the price pulled back from $393 to $201 on the 5th of August, so I ...

$SQQQ

$SQQQ has so far held a higher low since its low on the 10th of July on the 0.618 Fib at $7.14

Price is just ai its 50 Day MA now too

I think in order to be convinced that this will reverse next, I would need to see the 200 Day MA captured as a support level and a higher high above $11.60.

The 200 Day MA certainly would be a trend change if it becomes a support level.

$PAYO

Continues to move strong and with our other financial payment companies we chart here regularly

We have been following this since it was in its wedge before May, waiting for the breakout, since then it has used the 200 Day MA and the 0.618 Fib, coupled with a strong earnings report to propel higher and looks set to hit our First Target shortly at $9.

This is not somewhere I would be...

$AFRM

Well that was some statement from $AFRM post earnings and up +32%

The price action cut straight through my Bull Case text, which I will assume is a bullish indicator!!

I uploaded this recently and said that most of the finance stocks we follow are performing very well, so choose wisely.

A retest of the 200 Day MA here at $34 and holding should give members an opportunity to ...

$AMD TOP 20

$AMD is holding relative strength here today and so is $DELL, in spite of $NVDA having a difficult day.

No changes to the chart here either or the plan

We are seeing a test of the 0.38 Fib today for support but it is not confirmed yet and there is nothing stopping this moving down to the 0.5 Fib next at $142

I like $AMD and believe in its future but with $SMCI plummeting, $NVD...

$TGT

I think there is still more of a pull back here to go

The 0.5 Fib at $150, where the 200 Day MA is also resting is a very attractive confluence level now, which is probably why $TGT did not run with the market, on top of $DG selling off, $TGT still has fantastic fundamentals and still presenting a solid opportunity here

Needs to test and hold support now before I would consider addi...

$V TOP 20

Breakout today above the $270 level after breaking out above the 200 Day MA level at $269

Those who have not added here should be looking for a retest of the breakout level before adding, which will confirm this level as a new higher support level.

I think this goes without saying but I will said it either way, never wait for me to add a buy alert before starting a position, I can b...

$PYPL TOP 20

$PYPL has been holding support above the yellow line at $72 very well for the week and after the positive sentiment rippled through the market today, the price bounced to a higher high.

I have added in the impulse wave here and believe this can move to $75 next before a pull back.

Again pulling back to $71 this would not have caused me to add to my position again, I don't add on sma...

$DG

$DG was holding on its 0.618 Fib above $113 and its yellow historical support line, which has been in place since 2011 before earnings were released before the market opened today

They released a double miss on earnings and guided down for the FY 2024.

A double blow like this is getting crucified by the market now, they could not afford to miss and they are being punished now becaus...

$NIO TOP 20

$NIO hit the top trend line this week and rejected and broke down below the yellow support line too and was coming close to testing the $3.61 level again yesterday but with the HSI performing well today, it raised higher and dragged the ADR's with them

$NIO is back to testing the trend support line again from below which is also at the 50 MA on the 1hr chart

Price can not reject her...

$PLTR TOP 20

Bouncing today with the market after hitting $29.77 yesterday.

This was not enough of a pull back for me to add at $29.77, I already have a large position in $PLTR and I would need to see more of a pull back to entice me to add again.

We know that pull backs come in 3 waves in an overall impulse count, right now this pull back is only showing me 2 waves

We are closing the mont...

$NVDA

So after all of the anticipation for $NVDA's earnings, nothing has changed here on the chart.

The $118.40 level at the 0.38 Fib was not tested in open session today but did manage to drop below it to the 200 MA on the 1hr chart after the earnings was released.

So as it stands, the 0.38 Fib is still holding.

If the price can continue to hold above $118, it can still move higher...