The Long Investor

$SPY TOP 20

The market has run hot into the CPI print, many clearly believe that the print will come in line with estimates or cooler than expected which seems very confident, considering that in April it surprised everyone by coming in hot and the market had a rapid decline.

$SPY hit another ATH yesterday too and there has been very little play acting by market makers so far this week.

One fin...

$ETH - WATCHLIST -

CPI day today, so not surprised to see $ETH still hold at its 200 Day MA waiting for the data to be released, if CPI comes in cooler than expected or even in line, I suspect a breakout will come and we will see a flip of the 200 Day MA to support.

RSI is showing that it is ready with plenty of room to the upside to run.

When the 200 Day MA is flipped to support, I will add.

$BABA TOP 20 - IMPORTANT NOTE - SUPPORT LEVEL

We watched $BABA test its 200 Day MA yesterday from below and on the strength of positive movement from the HSI today, $BABA has now broken above its 200 Day MA now in the PM.

We know that a breakout is a good sign but we also know that a breakout, followed by a retest is when we can confirm that a breakout has been flipped to a support level, it is not based on time, it is based on a tes...

HSI

Yesterday we spoke about $BIDU and $BABA starting to front run the HSI, particularly $BIDU as it has rose 16% in a few days, we then saw $BABA move up to test its 200 Day MA yesterday and above it now in the PM.

Then today, Chinese regulators put more curbs on Short Selling in Hong Kong and it was a perfect combination for the HSI to move higher and bounce on the 0.618 Fib at 17,449 and f...

$RIVN

Higher high now made above the 1.618 Fib after testing and holding support on the 0.5 Fib at $13.26.

The EV sector is looking positive right now and $RIVN is benefiting from this sentiment.

I have Wave 5 at the 2 Fib at $17.68 but I see no issue why it can not continue higher to the yellow trend line close to $20, so stick with this.

Holding support above the 200 Day MA has be...

$IBM - WATCHLIST -

No changes here but bringing this back to your attention.

Higher highs and higher lows are now observed and the price is staying comfortably above its 50 and 200 Day MA, similar set up to $ABNB right now.

Worth considering while in such a bullish set up.

$CELH

Flush down to $52 yesterday and has recovered very well today and what looks like a potential double bottom now.

A test of the 0.5 Fib at $50 can not be ruled out at any stage but we should be looking for signs of a reversal now, so we want to see a higher high and higher low next, which is a common sight on some of the charts we have been uploading lately....$BIDU, $IQ and $BABA as an ex...

$PFE - WATCHLIST -

Ok I have added in the potential impulse wave and the corrective Wave C is still on this chart too.

Price has formed a wedge since holding above the 0.618 Fib at $26 and we have a higher high and higher low now, so a breakout of this wedge and more importantly the 200 Day MA at $28.60 is a possibility, so it makes sense to be prepared here.

A break down of the wedge or a rejection a...

$NIO TOP 20

$NIO the heartbreaker, is it going to be its turn now?

Higher low is now in, so we need to break above the 50 Day MA at $4.90 which gets this out of the downward channel and will need to get above $5.05 to make a higher high next.

Good start to it today and it appears that a number of Chinese ADRs have had their opportunity to run over the last few days.

No changes otherwise....

$HOOD

$HOOD has done some sideways movement since the end of May and still holding above the 2 Fib at $21

My concern with this set up now is that we can see 5 almost perfect waves up as part of an impulse wave.....as textbook as you will get and there may be a test of the 2.618 Fib at $24.87 but I could not enter a position in this current set up, I would need to see an ABC correction before co...

$BABA TOP 20

$BABA is getting overshadowed today but we can see that it has moved back up to its 200 Day MA now, slight test so far which is good to see, flipping this level will be a show of strength and a converting it will be a buy signal for us.

Subwave 3 target remains at the 1.618 Fib at $79, which would mean a break above the red trend line and the 50 DAy MA too, all important levels to get abo...

$AMD TOP 20

Patience + Trust in what we are doing here.

$IQ

$BIDU showed us what happens when support is found and a higher low and higher high comes in next....a jump of +8%. This is what happened with $IQ too and now we have a jump of +6%.

$IQ is a position that is down more than -10% right now for me, so I would be happy to see the start of a potential recovery.

Big test would be getting back above the 200 Day MA at $4.38, I believe a t...

$HIMS

Ok $HIMS we are ready, give us a higher high above $22 and it has the green light to move higher and start moving up our Subwave 5 of Wave 3.

$YINN

$YINN has tested its 200 Day MA 6 times now since the middle of June and has maintained its level between the 0.618 - 0.78 Fib levels too.

Desperately needs the go ahead from the HSI to allow it to move higher, we are seeing $BABA and $BIDU beginning to show signs of front running the HSI, which is good to see....meaning they may start leading the HSI into moving higher.

The 50 Day ...

$XLV - RC

$XLV is a chart that does not need to be uploaded again because the price action continues to follow our chart but I think it is worth highlighting again as a potential safe haven if the market corrects over the next few months. The healthcare sector is an area that tends to perform well relatively in a correction phase and the long consolidation since 2022, followed by a breakout is further si...

$MDB - RC -

Last time we uploaded this chart was in March, showing the start of an ABC correction, checking back in here we can see that the ABC correction has taken place and Wave C has potentially found support on the 0.78 Fib after a large drop for Wave C.

Testing the blue support line now at $250 but will need to see more to confirm that this can move higher, a higher low is needed now and so far...

SILVER - SAFE HAVEN -

It has been awhile since we last showed the full picture of the Silver chart, which brings the price up to $47 by the end of 2025, I am conservative with my dates and it does not factor in any strong aggressive moves if there is panic in the market, we simply use the movement of the previous trends to find the dates.....note the strong movement in 2009 after the Financial Crash and the paraboli...

$ETH

Likewise with $ETH, similar to $BTC, testing its 200 Day MA now too....if the $ETH ETF gets approved this week or early next week, we may see a situation where $ETH is in fact carrying the crypto market and all boats rise together.

Once I see support found above the 200 Day MA with $ETH, I am adding again.

Similarly, if $ETH flushes down to the 0.618 Fib at $2500, I will add there t...

$BTC TOP 20

Bitcoin raised its head above the 200 Day MA earlier on today but quickly fell back down under the $58,800 level, that does not mean that it can not make another attempt to try and convert this level again.....we do have a higher high and a higher low in now.

The flush down to $53k on Friday also meant that Wave C made a low below Wave A, so this pull back could be technically complete no...

$DAL

Report their earnings before the market opens tomorrow so I have been looking at its chart one more time from a non EWT perspective, to see if I have missed anything.....We can see here that $DAL is retesting a wedge support line that is cutting through the 0.38 Fib and 0.5 Fib now, as we lead into earnings tomorrow.

On both charts, the set up is there to move higher, typically after earn...

$CLSK

$CLSK is amazingly still in this channel and above the yellow line $15, it has a habit of bouncing on this line too but is certainly stuck in a sideways movement here....likely brought down due to the price of $BTC struggling right now.

I think if $BTC can recapture its 200 Day MA then $CLSK and the miners will move higher with it.....it is my understanding that there is some consolidatio...

AML - LSE -

Aston Martin is starting to round out and find support above its 0.887 Fib and 0.78 Fib and has also stayed above it 50 Day MA as it approaches its 200 Day MA and the very long wedge trend line at 175p.

A breakout of this line means a break above both moving averages and a significant change in trend and the Targets are impressively high as shown, from 159p now to 480p for the First Targe...

$TGT - WATCHLIST -

I have been laboring on about this and I am not seeing any traction from our members but this is in a set up now that I can not ignore.

There is a V shaped recovery setting up here and we have the pull back to the 200 Day MA and the 0.5 Fib and so far it is holding and making higher highs and higher lows.

The 50 and 200 Day MA's are squeezing as we approach its earnings date next mo...

$FUTU - WATCHLIST -

$FUTU has retested the wedge breakout level and the 0.618 Fib at $63 and has bounced, it has so far made a higher low on the pull back too.

The bounce on the wedge trendline hit the 50 Day MA before pulling back, so again, another Chinese ADR stock that is looking primed for a strong move once the setting is right and it is looking close.

Staying out of the wedge is bullish

We...

$AMZN TOP 20

$AMZN continues to test the $200 level, it is our understanding that Bezos has a sell order at this level, what the full amount is, we don't know but every dip continues to get bought and even on the 1hr chart, the 50 MA has held very well.

I believe that $200 will be broken above sooner rather than later and a run to $210 at least will happen.

I am not adding here but I am certainl...

$BABA TOP 20

We have a higher high and a higher low now after holding support on the 0.78 Fib.

Another positive day tomorrow and we have a test of the 200 Day MA at $76.80, which is oddly around my average.

Managing my average around the 200 Day MA was not done deliberately but something I am comfortable with, what would we do if the Mega Caps were around their 200 Day MA right now?....we would ...

$BTI - DIVIDEND 9.25%

$BTI has now given us a golden cross on the daily chart between the 50 and 200 Day MA and is now poking its head above the Blue line at $31.60.

This is the important level now to convert to support, a successful flip here and we could see this trending higher over the next 12 months and for your troubles you'll make 9.25% in dividends.

If the market corrects shortly, many may consid...

$IQ

So far we have a higher low here too, like we saw on the $BIDU chart and now that has jumped nearly 8% today.

We need the follow through now and a higher high next and we have a route to the moving averages at $4.30 to test the 200 Day MA first.

I am holding but want to see more strength before considering my third buy.

$TSLA TOP 20

So we have got the move up for Wave 3 to the 1.618 Fib as charted.

Now comes the interesting part, do we get a pull back next for Wave 4, a Wave 4 pull back to hold above the yellow trend line confirms the impulse wave and that the bottom is in.

From $168 to $265 in less than 1 month, this needs a pull back now.

Bulls do not want to make this go extended which is what happene...