The Long Investor

$PLTR TOP 20

$PLTR has not put a foot wrong as we lead into earnings tomorrow after the close.

It has pulled back exactly to its 0.618 Fib at $24 and held above this level to finish the week, which is what we have been expecting after rejecting at the $29 level.

No surprises here.

I am not going to lie, reporting earnings tomorrow is not ideal, the market sentiment may be too great to have...

$MSFT TOP 20

$MSFT has been a pillar of stability over the last 2 years so it is worth paying attention to how it moves to understand how the market is behaving, I believe it is a fair representation of the general market and it has moved exactly with it.

Price dropped through the 50 Day MA and did not retest, which is rare and the price action dropped exactly to its 200 Day MA to finish the week.

$INTC TOP 20

A truly awful week for $INTC and one I suspect they will want to forget in a hurry.

They threw the kitchen sink at this report and released all of the bad news, including cutting their dividend, which the market hates to hear and laying off jobs, which is a signal that growth is not a priority.

The price finally dropped into the Buy Zone this week which is something we have monitore...

$GOOG TOP 20

I do not believe the pull back is complete here for $GOOG, its 200 Day MA is at its previous ATH line at $155 and the breakout level at its previous earnings report, this would be a confluence level and I suspect a test here will come first before any meaningful bounce for Wave B.

The chart does not look bullish in any way right now

I believed they used up all their ammunition in th...

$DIS TOP 20

$DIS is not a buy for me in its current state but I do believe it is closer to its bottom than anywhere else.

Losing the 0.887 Fib at $84 and this is into the Buy Zone and the Covid low level is at $78, this would be appealing at this level but we will likely be spoilt for choice very soon.

$DIS would interest me but it would not be a large position, it also has a low dividend payme...

$BTC TOP 20

$BTC is sinking today as we lead into the futures opening.....likely setting the tone for what is to follow tomorrow.

I suspect the uncertainty behind $AAPL is what's driving this.

The 69k level rejected hard and pulled back, the 50 and 200 Day MA offered very little in terms of support and the price action is cutting through the support levels now, so far at the lower support leve...

$BABA TOP 20

Relatively uneventful week for $BABA, managed to finish the week on the 50 Day MA and gave the 200 Day MA a test of support on Friday too and has so far held.

We would love to see the Chinese ADRs starting to drift away from the US tech stock movements now, consolidating sideways may be the next best option, for now the impulse wave is still valid but I think we still need to see more fro...

$AMZN TOP 20

Another eventful week for $AMZN but so far it has moved exactly as expected which is why we trimmed $AMZN when it rejected at its 50 Day MA line at the $188 resistance level, before its earnings.

Very happy with the pull back now and losing the 200 Day MA to finish the week.

Now we are looking for support to be found in order to see a bounce for Wave B, Wave A can typically finish o...

$AMD TOP 20

$AMD was a hot topic this week and gave the market a rollercoaster move, bounced post earnings, after a steady and positive beat but not enough to be an outlier against the market.

It then fell in line and finished at $132 to finish the week and broke below the invalidation line.

$120 is the level we are watching for now, on the 0.618 Fib

$AMD is Semi company that will remain ...

$ABNB TOP 20

$ABNB has broken down from its wedge this week and we must conclude that the wedge that was formed was a leading diagonal, where waves overlap each other and this can only happen in Wave 1.

Therefore the pull back now is $ABNB's own ABC pull back, which likely started in Feb when it missed on earnings.

This ABC pull back is quite strict, with a perfect Wave B, so now we are watching...

$AAPL TOP 20

Big day for $AAPL tomorrow, I am sure everyone is now aware that Buffett has sold 50% of his stake in $AAPL, reported yesterday, right before Berkshire report their earnings tomorrow before the market opens.

$AAPL reported this week too and their earnings was in line and a beat and their share price has held up very well compared to the market and the other Mega Caps, tomorrow will be a b...

$VIX

Today was not a normal day.

$VIX was up 50% today at one stage, making a higher high and reaching its highest point since early 2023.

Red line is the limit, any break above this trend line at $30 and we have the same panic and worry that was in the market at the start of the Covid crash.

$UBER

Our chart has been going to plan here, we warned of this pull back over the last few months and we have a perfectly formed ABC pull back here, dropping hard with the market but also after losing the 200 Day MA support level ar $66.

Price is just sitting on the 0.38 Fib at $58 but I would be surprised if this is the final support level for Wave C, I would expect a further pull back to the ...

$HIMS

How $HIMS held above the top of Wave 1 today at $17.14 is still blowing my mind.

Bulls were certainly aware of the implications of infringing upon this level and stepped in.

So no changes to our chart and Wave 4 is still valid.

Earnings are on Monday and the market may get a needed relief bounce too and this could benefit $HIMS once they report a beat earnings.

TWEET: $QQQ TOP 20

$QQQ a chart can tell you everything you need to know.

Weds the 24th of July, the $QQQ lost the 50 Day MA, followed then by a retest of the 50 Day MA from below yesterday.....and a clear and heavy...

TWEET: $AMZN TOP 20 - 5 YEAR PROJECTION

$AMZN has been flat now since 2020

The 2023 pull back for Primary Wave 2 was stunningly perfect on the 0.618 Fib at $79.

I believe we are in Primary Wave 3 now and this pull back right now is Subwave 2 of Wave 3.

A pull back to $141 is my target and when support is found, I will...

$HOOD

No changes to the $HOOD chart but I am happy that this is in its corrective wave now and pulling back for Wave A.

Remember the impulse count was flawless, holding exactly where it needed to for Wave 2 and Wave 4, so if the ABC correction can move as expected, I would consider a position when Wave C completes.

A gorgeous looking chart is something we can take advantage of.

$CURE - SAFE HAVEN -

Also bringing this back to your attention too, there has not been any changes to this chart all year and it is moving as expected.

Price has also broken out of its bullish wedge and above its 50 and 200 Day MA now too, looking very different to the market.

Remember this is a 3 X leveraged health sector ETF.

If you like $XLV, you may like this too.

In the short term, a mo...

$XLV - SAFE HAVEN - ETF HEALTH SECTOR

The health sector is becoming a formidable safe haven sector for us and again no changes to our chart here but worth showing this again as I know members will be looking at safe havens all day today and this week.

$XLV is an ETF in the health sector and looking at this chart it is obvious that it is not following the market, in a bullish set up and breaking out higher, out of its ascendin...

$BKNG

$BKNG released their earnings yesterday and although it was a beat, they also gave a lower Q3 outlook, in line with $AMZNs guide.

Consumer spending is tightening up, not just in the US but across the globe.

Remember this is a chart I built over 12 months ago, showing the Wave 3 target, just hit shy of the target leading to earnings and I believe Wave 4 is well underway now, I have a...

$BTC TOP 20

I am not seeing a lot of concern on the $BTC chart right now with this pull back but it is absolutely vital that the price can stay above the 200 Day MA at $60k or the 0.618 Fib at $59.8k.

Losing these levels and the pull back can go back down towards the $51k level.

$BTC needs to start showing its worth now and show that it is a store of value and a safe haven, Gold is hitting new ...

$INTC TOP 20

Horrific scenes from $INTC, missing earnings estimates by 80%, canceling their dividend and cutting 15,000 staff members....this is capitulation for $INTC and the share price has now sunk to a 11 year low.

$INTC's Buy Zone has always been below $24, since the time we set up this group over 2 years ago, this has not changed.

As with $NKE, the price is in an undervalued position right...

$TLT - SAFE HAVEN -

In the Learning Centre, in Collections we have a lesson on the correlation between $TLT and the US 10 YEAR, when one declines, the other rises and vice versa.......so we can see that the US 10 YEAR is sinking right now and Bonds are rising exactly to the same proportionate

This is the perfect safe haven.

Our chart reflects this.

As the US 10YR drops, our impulse wave continues...

$SPY TOP 20

I am most interested in the movement of the $SPY instead of the $QQQ right now, as the $QQQ has convincingly lost its 50 Day MA and is moving towards its 200 Day MA....whereas the $SPY still has a chance to regain its 50 Day MA.

Over the last week, the $SPY has lost its 50 Day MA 3 times but has been able to recapture in the first 2 times, now in the PM it is lower again after earnings ye...

$AMZN TOP 20

$AMZN released their earnings report yesterday and the street did not like it, declining sales on their e-commerce platform and a guide miss for Q3 has caused this to slump -8% in the PM and I think that is justified.

AWS continues to be the star performer for $AMZN....$AMZN did address their declining sales issue in June when they revealed that they will sell products similar to Temu and...

TWEET: $AMZN TOP 20 - UPDATED STREET PT'S

$AMZN Analysts PT's have been updated this morning:

PIPER: Adjusts PT to $215 from $220

FUBON: Adjusts PT to $215 from $210

GOLDMAN: Adjusts PT to $230 from $250

ROTH MKM: Adjusts PT to $215 from $210

STIFEL: Adjusts PT to $224 from $228

TD COWEN: Adjusts P...

$SHOP TOP 20

Getting dragged down with the Tech sector and has rejected below its 50 Day MA too and getting back into the yellow ascending wedge.

There is no changes since the last chart we uploaded but it is worth highlighting that the red invalidation line is at $56.30, losing this level and the 0.618 Fib target remains at $49, where I will likely add.

I will also have no issue using my Cash r...

$HIMS

How many times has $HIMS been under attack, only to bounce and recover immediately, what makes this even more interesting is that earnings are out on Monday after the close.

The flush down today caused by the CEO of $LLY explaining that the GLP drug shortage will soon be over is an overreaction in my opinion.... I struggle to see how this would negatively affect $HIMS and this is nothing ...

$KO - FORMER TOP 20 - SAFE HAVEN -

$KO a former top 20 chart that got the drop as there was no members interested in it as it moved incredibly slow and then dropped in the summer last year, we then removed it from the list.

$KO has been the the ultimate safe haven, moving higher with the market and also moving aggressively higher when the market was showing a lot of weakness

Which is why Buffett loves this stock and ...

$SQQQ

A lot of talk about the $SQQQ so it is worth looking at

With the $QQQ rejecting at its 50 Day MA, we would naturally see the $SQQQ hold support above its 50 Day MA, they are inversely related to each other.

We do need to see more before we start assuming that the $QQQ is about to be confirmed in its correction and that the $SQQQ is going to start moving higher

This is a levera...