The Long Investor

$MSFT TOP 20

$MSFT is not going to be left behind when the other Mega Caps move higher, $MSFT got a clear break out above its 1 Fib this week at $456 and there is a route now to the next Fib at $496, meaning there is still another 10% on the table here for $MSFT.

A retest of the 1 Fib at $456 would be attractive for holders to catch this 10%.

Price is starting to break away from the 50 and 200 ...

$INTC TOP 20 - WATCHLIST -

We have been watching this closely for awhile now and last week we highlighted that a move was likely to come as the 50 Day MA approaches the 0.78 support line.
$INTC moved with $AMD and broke away this week but we are still very early here.
Price is just above the 50 Day MA but we do not have a retest of the 50 Day MA yet at $31, a retest and hold on this level and I expect this to move ...

$PLTR TOP 20

This is a chart we have used in the past for $PLTR to look at its set up without Elliott Wave Theory, we do this to see if we have overseen anything and I think it is clear that they have both aligned perfectly here.

We can see that there is a clear route back to the previous high in 2021 at $29.18, this will be a big level to flip to support, a successful flip here and $PLTR is looking s...

$GOOG TOP 20

$GOOG has managed to breakout above its channel which we spoke about last week, so this is looking very bullish here.

A retest of the $190 breakout level and holding here, then there could be a strong move higher to above our Wave 5 target and reach the 1.27 Fib at $216.

The Mega Caps are looking quite bullish now and moving in sync, the ball is in the bulls court right now and they...

$DIS TOP 20

$DIS has still not shown signs of reversing this week and the price remains below the 200 Day MA but above the 0.618 Fib and the red channel line.

So I am expecting a test of this confluence level at $96, considering the 200 Day MA was not held as support.

Price will need to hold this level, back into the red channel will show weakness.....but we have seen this with sector leaders l...

$COST TOP 20

$COST has fallen into the category of safe positions and continues to move with the Mega Caps and went back above its 2.618 Fib level again this week, the price action was not able to hold above this level on its last attempt but if the Mega Caps hold a higher support next, then $COST will likely do the same if it can retest the $884 level and hold.

The extended 3.618 Fib level is all th...

$BTC TOP 20 - LONG TERM PROJECTION -

In my last $BTC update I said I would add the longer term view of Bitcoin, so this is $BITCOIN covered until 2027.

As I mentioned before, the $125k level is possible, as its the 1.618 Fib but I would not expect this until the second half of 2025.

Please refer to my previous chart for the short term movements.

However, interesting to see the 50 Weekly MA moving up to the 0.38 F...

$DAL - TWEET - Earnings Report: 11th of July.

$BABA TOP 20

I have a position in $BABA and I am currently down -3%, not particularly happy about it but buying in a consolidating range that has been in place since December is something I am comfortable with.

If $BABA drops below $71 then I will accumulate more in the Buy Zone, that's it, keeping it simple.

If the HSI decides that this is the week to move higher and the 0.618 Fib and 200 D...

$AMZN TOP 20

$AMZNs price is sitting in the middle of the two Fibs now exactly at $200, if we get the opportunity and there is a pull back to the $190 level as we lead into CPI figures next week, and there is a hold at the breakout level at $190, then that is a clear buy signal.

I have a lot of $AMZN right now and I am happy with my position and it is my largest position too.

Adding to $AMD, $AB...

$AMD TOP 20

$AMD was a big mover this week and we were all over it.

In hindsight, the move was clear too,

• a pull back in November '23 to the 0.5 Fib and bounced on the 200 Day MA too

• a pull back to the 0.618 Fib in May and bounced on the 200 Day MA too

• a small pull back in June to the 0.618 Fib at $154 and bounced

Now above the important bl...

$ABNB TOP 20

I have added here a week ago as we got a break out above the 50 Day MA and a continuation at the start of the week, as the week ended we could see a small pull back and what we want to see here is a retest of the 50 Day MA from above to confirm that this is a new higher high support level, this will also give us a buy signal to add, as we lead into earnings.

This will only be my second bu...

$AAPL TOP 20

The Mega Caps enjoyed some post 4th of July celebrations on Friday after Crypto showed some weakness and we could see some rotation into more secure holdings, with commodities benefiting from this movement too.

$AAPL pushed to higher highs like a lot of the Mega Caps, after a short pull back to $205.

If $AAPL continues to hold above the $223 level, we can expect a further move highe...

$SOLUSD

Solana is following Bitcoin very well here, also lost its 200 Day MA and continues to trend downwards.

It has hit support at $119, which is where support was found 4 times now since April, although this is certainly a support level, I think the price will still need to make a lower low and find support on a Fib level before reversing.

The 200 Day MA is at $136 right now and the pric...

$COIN

Considering how difficult it has been for crypto over the last few days, $COIN has recovered very well today from a large flush down at the open.

That being said, if the crypto selling pressure continues over the weekend or into next week, $COIN will likely feel its effects too.

My chart has not changed here and I believe that a test of its 200 Day MA at $169 now is possible.

...

$CART - WATCHLIST -

We alerted that a potential breakout was possible here only 3 days ago and that is what has happened here today.

Price broke above the 50 Day MA and the bullish wedge line and so far the price is above the breakout level at $34.20.

If the price can stay above $34, then the reversal to the upside here is on, with the target at $42.94.

$AMD TOP 20

$AMD found support on the 0.618 Fib at $143 on the 19th of April, so it is almost 2 and a half months since we have got early signs of confirmation that the reversal is on here and we are getting our move up for Wave 5.

It takes time for reversals to confirm, certainly longer than 1 session or even over a week.

This is why giving the price action time to show support and time to mak...

$ZS - WATCHLIST -

Continues to move very well here and is looking set to finish the week above its 200 Day MA at $192, this sets $ZS up nicely going into next week and earnings season, as the market is likely factoring in a positive report.

This should be on your watchlist now.

$DAL

$DAL is struggling to hold onto its 0.38 Fib at $47 and the next Fib level down is the 0.5 Fib at $45, this price action is leading into their earnings report date on the 11th of July, Thursday next week.

$DAL has a habit of performing very well in its reports and the share price typically moves higher when this happens, if we get a flush down to the 0.5 Fib before earnings, this may pres...

$TLT

$TLT has had a tough few days this week and pulled back quite aggressive earlier in the week and lost the 50 and 200 Day MA, we watched this closely and have been waiting for a reaction and so far we are seeing a positive one, with the price back up above its 50 & 200 Day MA and the blue line at $92, price needs to stay above this level now and start showing its strength again, as it did in...

$NIO TOP 20

Not the continuation we were expecting, after the CFO unexpectedly stepped down today and the market is using this as an opportunity to flush down.

A CFO stepping down is not necessarily a vote of confidence, so it is not too surprising to see the market react like this but it is up to $NIO management now to announce a replacement and explain what has happened and offer some clarity.

$CELH

I think a number of members are keen to jump back in here or add to their positions, the $50 level at the 0.5 Fib has not been tested yet but it has come very close at $52.

Since then, the price bounced and tried to test the 0.38 Fib at $62 but was unsuccessful, so we do not have any confirmation yet that the reversal is on and $52 was the bottom.

That being said, the RSI is showing...

$HIMS

$HIMS continues to hold support above the 0.5 Fib for Wave 4 and the price action is also above its 0.38 Fib at $20.17 too.

Price pulled back on Weds but we could seeing subwave 2 pull back of Wave 5 here.

I would like to see $HIMS hold above $20 to complete this short pull back before moving higher, so for those who have no entered already, holding above $20 is a good buy signal fo...

HSI

Price action is just sitting on the 0.5 Fib now, between the 50 and 200 Day MA's and is still trending higher but more price action is needed to see a higher high and a higher low.

Getting back above the 0.38 Fib at 18,311, which is also the 0.38 Fib would be a bullish indicator for us and I suspect the Chinese ADRs in the US would be bullish on this move too....as they were when support ...

SILVER

SILVER has been doing a good job holding above the $30 level, which is the blue support line on our chart and the 0.38 Fib which has been recaptured.

We are still waiting for a higher high which would be above $30.835 to confirm that this is trending higher and a reversal is on.

There are clearly some concerns in the crypto market which may push commodities higher

I have more ...

$ETH

OK all of the cryptos are being dragged into this sell off and $ETH is not going to be exempt from this, a lower low has not been made yet below the 0.5 Fib at $2803 but I suspect it is possible. The price has so far held the previous support level at $2811.

We can see on this chart that there is only 4 Impulse Waves up here and no Wave 5 yet, unlike the $BTC chart, which has arguably...

$BTC TOP 20

Well this aggressive sell off has been fast but nobody in this group is surprised.

This is what we have been waiting for and this is what we are getting and no changes to this chart.....I see online that this sell has caused utter confusion, in spite of us showing this was going to happen.

The big question now is where support will be found.

A lower low has been made now, ...

$NTLA - RC -

This is the stock that $ARK has been buying all the way down this wedge, I am not sure what their average is but it is certainly higher than the price right now and they have been catching a falling knife here for 2 years.

What do they see that we don't see or are they simply just trying to lower the average constantly.

Regardless, it is still in this strict wedge and if it can brea...

$XPEV

$NIO may not be the only Chinese EV company that is showing signs of finding support.

$XPEV texted its $6.22 blue line twice, once in November '22 and again in April '24.

Both times the price has held and the price action is back above the 50 Day MA now and most importantly, has broken out of this very long wedge, this happened in May too but on the retest of the wedge, the price co...

$FUTU

With the perfect pullback to the 0.618 Fib and the wedge breakout level retest at $63 and now bouncing.

Even the pull back in March to the 200 Day MA and 50 Day MA was perfect and in between the 0.5 - 0.618 Fib.

$FUTU has been flawless so far.

A break above the 50 Day MA next at $70 and the blue line at $72 and we have a confirmed move up to complete Wave 3 at $95.