The Long Investor

$CSCO

Reported earnings yesterday too and it was a double beat, up +6% now in the PM

Price has also held its 0.618 Fib for the last few months and the price action has moved up to its 200 Day MA now in the PM.

There are no changes to this chart however

If the price can flip the 200 Day MA to support, the price can move up to the blue line again at $58 and then can make a move to our...

TWEET: $ULTA

**On the weekly chart, previous chart that we normally use is the daily chart

Buffett added $ULTA in the last Quarter

This meant that he added before the 30th of June

$ULTA dipped ...

$ULTA

Buffett revealed yesterday that he has started a position in $ULTA, based on strong fundamentals and a hedge against the market....cosmetics tend to perform quite well during a market decline....

There has been no changes to this chart count, I had Wave 5 at $580

I have added in the green Fib levels to see where support has come and prior to Buffett revealing, the price was between ...

$NKE TOP 20

Needless To Say there are no changes to our $NKE chart and Bill Ackman has confirmed what we already thought about $NKE as a long term hold.

Bill likely bought $NKE before the start of June, so he will be down on his position, we don't know if he added lower in this quarter however

I suspect he has been adding since the price dropped to the last Fib level at $73

Price has boun...

$DELL

Impressive bounce on its 0.618 Fib, a common sight right now for those stocks that have pulled back a lot stronger compared to the market.

Big test coming up for $DELL shortly

Price is up in the PM now and just testing its 200 Day MA at $105, which is also the 0.5 Fib too

I expect there will be some resistance here, so I have added in the Green Fib levels to show where a pull ...

$LI

People are upset at $NIO and their management but imagine being a $LI shareholder, where management have exceeded all expectations and have delivered outstanding numbers each month and the share price has pulled back from $47 to $18 now over the last year.

It is difficult to see the Chinese EV's moving higher unless one of their star pupils starts to move first and this is $LI.

$CURE

Who is adding $CURE?

This would be added as a safe haven if it wasn't leveraged, I just can't recommend a leveraged position like this as a safe haven.....but saying that, some members will like taking a position here

• Price is above its 50 and 200 Day MA

• Broke to the upside from two wedges

• into the Bull Case

• Route to the blue lin...

  2024-08-14 14:41:58 +0000 UTC View Post

US 10 YEAR

10YR continues to move very bearishly, confirming our $TLT hypothesis, that smart money continues to prepare for market weakness.

A lower low here further confirms the downward trend and our trajectory, so a break below 3.664% confirms this.

Let's continue to use all factors to determine our thought process

These charts have no opinions or no bias.

$TLT - SAFE HAVEN -

Very nice bounce so far between the 0.38 Fib and the 0.5 Fibs.

On the daily chart, there is only 2 clear waves and we need to see 3 for a Wave 4, so lets not be too surprised if we get another retest of the 0.38 Fib or 0.5 Fib before it can move higher to complete Wave 5.

Regardless, in a bullish set up, above the 50 and 200 Day MA and move strong since breaking out of its wedge 2024-08-14 14:34:12 +0000 UTC View Post

$GOOG TOP 20

$GOOG is hurting today because the DOJ have said that a decision might have to be made on $GOOG after an important anti-trust ruling....in simple terms, they have a monopoly on phones search capabilities and it is suggested that they may have to split company

I personally find this very far fetched and do not believe this will happen

But the market is showing some concerns

Whi...

$BTI - SAFE HAVEN -

$BTI has probably been the most impressive safe haven along with $CL and the health sector

It continues to move very strong from $27 to $36 but also awards an 8.1% dividend payment too and looks comfortable in our trajectory.

I am not familiar if $BTI is selling those nicotine pouches that sit under your lip but they appear to be very popular right now.

$DDOG - RC -

$DDOG did get caught up in the market sell off but like a lot of stocks, it too managed to hold at its very important Fib support level on the 0.618 Fib leading to earnings and after a double beat, the price has bounced from $99 to $115 today.

Impulse wave levels have not changed but I have widened out its time frame due to the pull back and descending wedge now lasting for 8 months, this...

$SE TOP 20

Fantastic chart and fantastic bounce on the 0.5 Fib straight after the H&S pattern completed and moving very well in this Wave 3 now after a post earnings bounce.

No changes to the chart since the last one I uploaded.

If you get a chance to add if there is a pull back to the green support line at $67, I suggest you consider it

$SHOP TOP 20

I have a position in $SHOP

I have completed 3 buys now

I am also up over 10% over here too

But I am not rushing into my next two buys just yet because of this observation and the rejection at the 200 Day MA so far.

This is just another view and not the regular chart I upload every week of $SHOP

I have shared this before for any new joiners, I do want to see a pull ...

$HIMS - WATCHLIST -

Is top of my list to add right now, since I have already added $AMD this week.

If we got a clean test of the 200 Day MA or the 0.5 Fib at $14.24 then I would have bought already but the price is still in between two Fib levels, so it is not a clear test of an important Fib level, this is not very common, usually there is a test of the 50, 200 Day MA or the 0.5 Fib/0.618 Fibs and that give...

$TGT

Earnings are out shortly and the price has been holding on the 0.618 Fib now at $133 for 7 sessions, market is giving $TGT every opportunity to move higher ONCE the earnings come in positive with no concerns.

The set up is there

The 0.618 Fib has held for a reason

It is the standard pull back level to hold at and we are seeing this on an enormous amount of charts lately.

$SPY TOP 20

How fitting is this?

There are no changes to the chart uploaded since last weekend ot the weekend before that.

Price has bounced back up to the 50 Day MA which is also the retest level as we approach the CPI print shortly.

If there is a rejection at this 50 Day MA then the price is coming back down and moving to Wave A, breaking above this level and holding, then $SPY can mov...

$NVDA

No changes here but it's an important day for the market as we wait for the CPI print in just under 2hrs (1330EST)

Price action has run strong up to the the descending wedge level and leading up to the CPI data, the PM is also bringing the price very close to the 50 Day MA, which is also in line with what is happening with the market.

A strong run up before a big event like this is...

$ETH

$ETH has formed an ascending triangle since finding support on its 0.618 Fib at $2105.

We can see clearly that a series of higher lows have been made, with a top line at $2730, price is looking like breaking out of this triangle now, so a hold above this $2730 level will bring the price higher to our First and Second Targets (FT & ST)

We can see that the Second target also alig...

$AFRM

$AFRM is showing relative weakness compared to $PYPL and $SQ right now, it is moving more like $SOFI, struggling to find confirmed support and in a downward trend.

The price is still holding onto the 0.618 Fib at $25 but this level must be recaptured or the next test is at $17.87 on the 0.78 Fib.

I think long term $AFRM is a good company but they are not profitable right now and com...

$LULU - RC -

$LULU is in good company right now, it too is holding on its 0.618 Fib at $226 and has showed some strength here so far, it goes without saying that the price must hold above this level now or the support level is at the 0.78 Fib at $147.

RSI is now only at 28 too, so there are signs that the worst is behind $LULU

Earnings report date is not announced yet but we expect it in the fir...

$UNH

$UNH continues to show relative strength and has been treated as a safe haven for many members in this group, along with $XLV (healthcare ETF)
Price has tested the blue support line for 3 days and has so far held above this level.

Losing this level is not a concern in the short term for me, a retest of the 0.38 Fib or 0.5 Fib at $546 and $532 is possible and a hold here will offer a fu...

$TDOC

I was asked about $TDOC this week and with its current set up, I think everyone should steer clear of this

I am seeing no signs of a reversal but a strict downward trajectory

It is not profitable still and its market cap is $1 Billion now....at one stage it was above $20 Billion....they have not be able to turn this around and may be either bought out or may not survive.

$SPOT

I do not see any other alternative for $SPOT here, the chart has not changed and it continues to move on its own accord and push higher.

$SPOT is unbeatable and even the great $AAPL is struggling to take market share from $SPOT

I use it religiously and it is one of only a few Apps I would not ever delete.

$388 continues to look good here.

$SLV - SAFE HAVEN -

$SLV moves exactly with Silver so if you are not able to buy Silver as a commodity from your broker, this ETF is perfectly fine to buy as an alternative.

It is identical, so you can follow the commentary of Silver as this chart is uploaded more frequently.

$RIOT - RC -

Miners have been under a lot of pressure lately as crypto has been moving with the market weakness.

There are signs that the worst may be behind for crypto but $BTC will need to get above the $62k level, which is its 200 Day MA and so far it has been met with some resistance, we have spoken about this under the $BTC chart.

$RIOT also rejected at its 200 Day MA on the retest and has...

$PATH

$PATH has now done a full cycle from the November 2022 low at $10 to $28 in early 2024, to dropping down all the way to $10 again this month.

$ARK was adding all the way up and has accelerated their selling over the last 2-3 months.

I think a consolidation sideways here for $PATH is the best possible scenario from here until they can convince the market that their trajectory is back...

$NU - RC -

$NU reports after the close today and there is no changes to our count, I have added in the amber Fib levels but Wave 5 has not changed, this is where we expect a pull back and that is what happened here.

It fell very abruptly down to the 0.38 fib at $9 and found support and then climbed as fast as it descended.

Some people may be optimistic about their report....in spite of missing...

$BABA TOP 20

I detailed at length why I believe $BABA is looking bullish now during the weekend review and we have started the week off strong here too, pushing to a higher high above $81.

All that is left now is a positive report and solid Q3 guidance, there is naturally some concerns, $AMZN issued some concerns for their Q3 too and $BABA may be affected by the same issues.....what I would like to se...

HSI

HSI finished the day above its 200 Day MA, pushed on by the positive movement of $BABA and $PDD over the last few days.

$BABA and $JD report this week and they can influence the market here, coupled with PPI today and CPI tomorrow in the US.

Converting the 200 Day MA to support will be a strong sign that the pull back is complete and the next test will be getting back above the the ...