The Long Investor

$NIO TOP 20

$NIO likely does not deserve this treatment now, especially while it is starting to be consistent and hitting monthly targets.

The earnings miss in June is the only logical explanation for this continuous weakness but that is me searching for answers.

The trend has not been helpful however on the chart.

The mid July low is being tested now, losing this level and the last Fib ...

$IWM - WATCHLIST -

Well isn't that a sight.

This chart has not been changed, the subwave 4 position has also not changed.

We had our doubts that this Subwave 4 was complete and now we have it confirmed, it had not completed and another test of the 0.38 Fib was needed.

If this level can not hold, the 0.5 Fib or the yellow line is perfectly fine to test at $211.

A hold here on either level a...

$DELL

I alerted yesterday that $DELL was high on my list and wanted a pull back to enter, the price jumped up to $116 and +7.5% yesterday and we thought this bounce was too strong and did not want to chase.

We got the pull back today and when $112 hit, we made our First Buy.

As always, we split our assigned allocation into 5 parts, so the First Buy was 20% of our total allocation for $DEL...

$TMF - ($TLT 3 X LEVERAGED) SAFE HAVEN

$TMF is a leveraged position of $TLT which is one of our top safe havens and many members have been preserving their capital in one of these positions.

If you are not comfortable with any leveraged position then stick with $TLT.

Price is back above the 50 and 200 Day MA now and moving as expected.

Our Wave C target has not changed at $103.

Almost a 100% gain to our targe...

$TMDX - EARNINGS JUST RELEASED -

$TMDX have smashed their earnings report and up +66% above their earnings estimates.

No changes to our chart, last chart upload on the 17th of June, Wave 3 target is still at $181 at the 1.618 Fib and continues to look set at completing in Sept, in time for the Rate Cut and I would expect Wave 4 to come in next.

$TSLA TOP 20

Bulls have been doing their job and holding where it matters, 4 tests of the the 0.5 Fib at $219 took place and then a bounce above the trend line at $230.

$TSLA has not got the green light to move higher yet, not while we were in the middle of a busy week for earnings and the Fed's rate decision.....but if $AMZN and $AAPL perform well later and $NVDA continues to show a recovery, $TSLA w...

$NET - RC -

$NET hasn't been pretty so waiting for more price action was needed here but I do like how the pull backs in Nov '23 and Jun '24 have both held on the 0.618 Fibs and then bounced and made higher highs.

We can see that the pull back since June '24 has also found support on the green 0.618 Fib at $74 too.

But $NET needs to get above its 200 Day MA at $81 to get rid of the risk of movi...

$SMCI - WATCHLIST -

$SMCI and $DELL are behaving almost identical right now.

Both pulled back together to their 0.5 Fib and 200 Day MA over the last week and both found support here, then bounced yesterday.

Wave 5 for $SMCI is almost 100% gain from here if it can make a higher high above March's high, fundamentals are still strong here too, along with $DELL's

I am in $AMD so I prefer $DELL right ...

$RBLX - EARNINGS JUST RELEASED -

$RBLX just reported and revenue was slightly down but beating on earnings.

PM is up +4.6% right now.

We can see on the chart that this brings the price action towards the wedge top line which is at $44 right now, $RBLX would need to break and hold above this level to trigger the Wave 3 impulse wave for us.

Which is quite high here at the 1.618 Fib at $76.90

Report:

$SNOW - RC -

Again no changes to the chart here, my Wave B target remains under $120 and the price continues to stay below the 50 Day MA, which has been acting as a resistance level since Feb '24.

Earnings are due on the 21st of August, they desperately need to show an improvement on their previous earnings which was a strong miss and the CEO stepped down too.

If $SNOW can turn this around and t...

SILVER - SAFE HAVEN -

A clear bounce on the 0.5 Fib at $27.23 last Thursday, which is when we bought last, this was added to the TLI BUY and SELL chat group.

Gold also hit a new ATH yesterday when Powell spoke about the likelihood of a Rate Cut at their next meeting, due in early Sept.

Traditionally when the Fed rate cuts, Gold and Silver move higher and they have both been moving higher since the start ...

$AMZN TOP 20

$AMZN reports after the close today along with $AAPL.

Price is already starting to recover after a strong flush down to $176 last week and yesterdays price action finished at the 50 Day MA at $187.

Up +2% in the PM now with optimism that they will beat on earnings today, PM action brings the price above the 50 Day MA and testing the 1.27 Fib at $190.

A retest of the $187 level...

$IWM - WATCHLIST -

$IWM has been holding up very well this week and formed a triangle, any dips are being bought up immediately and the top line is being tested now at $224, a hold above this level and the bulls have it for me. A higher high above $226.70 and Wave 5 is triggered and we should see a move up to $244 at the very least.

I think $IWM should be considered by the group.

$VICI - SAFE HAVEN - WATCHLIST- DIVIDEND 5.3% -

$VICI has just raised its head above the trend line today at $31.30, a breakout we have been watching for the last 9 months.

As always, a breakout isn't enough, we want to see a breakout and retest of this level and then we have our buy signal.

$VICI has absolutely incredible margins:

Gross profit: 99%
Net Margin: 70%

A rate cut could trigger this sector into life aga...

$PG

I said yesterday that I was not falling for its harsh decline at the opening of -6%, hitting exactly at the 200 Day MA and the ascending triangle breakout at $158, it was nothing more than a stop loss raid in my eyes.

Immediately $PG bounced on this support level and up to $162 now.

Risks do exist but it has so far found support on the level we needed it to.

Getting back above...

$QQQ TOP 20

Enormous bounce by the $QQQ today, it was pulled down by $NVDA yesterday which trigger widespread selling and dragged back up today.....remarkable considering $NVDA is not reporting until later on in August.

A retest of the 50 Day MA was always going to be needed to confirm the direction and the price action is moving up to this level now at $473, which is the 1.27 Fib, so no changes to t...

GOLD - SAFE HAVEN -

It has been awhile since we last uploaded a Gold chart but there are no changes here, the pull back has been marginal and only to the 0.236 Fib, this is the weekly chart above but on the daily chart we can see that the 50 Day MA has been behaving as a support level as the price drifts higher.

A pull back can still come to the 0.5 Fib or 0.618 Fib between $2222 - $2146 but this will just o...

$OXY

$OXY has so far bounced on its wedge trend line from above and has moved up to its 200 Day MA, which is exactly at the 0.618 Fib now at $61.54, so we know this is now a confluence level, a breakout and retest of this level and you have your buy signal.

Remember, we don't expect this to move quickly, it will likely move as a safe haven would, slow and reliable.

I will add if we conve...

$PYPL TOP 20

$PYPL gets the continuation today in line with the market getting a well deserved bounce too, while we wait for Powell to speak later and for more reports to be released after the close later and tomorrow.

It has been a strong run now for $PYPL from $57 to $66 and the price is back into the ascending triangle now and can easily run to the top line at $68 before pulling back.

So wher...

$ONON

Continues to perform strong and has not been dragged into the market volatility over the last few days, still able to maintain its First Target support level at $40, which is also the 50 Day MA and is bouncing today too.

A new high above $44 would confirm Wave 5 and the target remains at $51, looking strong here.

$NVDA

It has been a wild 24 hours for $NVDA, hitting $101 at its low yesterday and now up to $113 at the opening

A large buy of $77 million apparently hit at the close yesterday, they are up at tidy 12.5% now in a very short period of time

Price is testing the wedge bottom line now from below, will be interesting to see how it behaves here, with the 50 Day MA just slightly higher at $120<...

$IQ

Up +4% in the PM now, what a beast!

I joke.

But happy to see it make a double bottom so far on the $3 level on the 0.78 Fib, we want to see it get back into the wedge now at and start moving back up to $4 at the 0.618 Fib

This bounce is certainly welcomed.

$F

$F has dropped hard post earnings from $14 down to $10, what looked like a bullish move leading to earnings, the price was unable to break out of the wedge and hold above $14 and now is threatening to test the $10 support level, which has been in place since mid 2022, losing this level and $F is into the bear case and buy zone....last time it entered here was in mid July when they have a diffic...

$SBUX

Reported their earnings yesterday and it was a double miss, making it 3 misses in a row now and the share price perfectly reflects this bad news.

$SBUX have given commitments to expand into smaller cities to help growth but I think the big issue is the product, the coffee isn't great, it's snacks are not fresh and their Frappa-nonsense-ccinos are laced with sugar, so they are seen as trea...

$DELL

Isn't that remarkable to see a confluence level do its job at the exact right spot and now up +5% in the PM now, $NVDA is also up in the PM due, after having a -7% day yesterday.

Remember, this week is not over yet, tomorrow is another big day for us, so what we will be mainly watching for today is for structures to stay maintained and no breakdowns.

Before I can add another impulse...

$BABA TOP 20

$BABA retested its 50 Day MA and the wedge line again yesterday and so far bouncing today with a lot of Chinese ADRs and the US market in the PM activity.

What we are waiting for now is a break away from the wedge line and a higher high above the 12th of July high at $81 now.

A break above this level and we are confirmed to be in the bull case and the Wave 3 level would be our tar...

$AMD TOP 20

No changes to the $AMD chart, price went within $1 from the impulse invalidation line at $133 and managed to hold here into earnings.

Price has now jumped to $151 in the PM after a positive beat on earnings and increased guidance and is now back at its 200 Day MA to test from below.

Big bullish signal will be to flip the 200 Day MA to support at $153.

$NVDA, $SMCI and $DELL ar...

$UBER

$UBER has not lost its 200 Day MA, no changes to our chart, I believe we are in Wave C, lower low is in now too, so I would not be touching this until at least the 0.5 Fib at $50.

$UNH - SAFE HAVEN -

Look at this beast.

Retested the blue breakout level at $555 over the last week and now bouncing.

The healthcare sector is increasingly becoming reliable during this uncertain time and $PFE confirms it too

I think as long as $UNH can stay above the blue support line, your capital is safe and we may start to see a drift up to the Wave 5 target over the next 12 months.

$TLT - SAFE HAVEN -

$TLT is starting to show its worth now and delivering when it is needed.

It is also in a bullish set up while the market is showing weakness, historically Bonds are the main safe haven to protect your capital, along with Gold and Silver

This is why we have been focused on these 3 positions and high dividend stocks over the last few months.

Price is above the 50 and 200 Day MA ...