The Long Investor

$ZS - WATCHLIST -

$ZS has just one job now and that is to stay above its 200 Day MA at $193, after successfully holding at its Wave 2 support level at the standard 0.618 Fib at $151.

Staying above the 200 Day MA and this can start to move higher to the next test, which is the previous high at $260, then the blue line at $376, this will likely not happen over a short period of time, the horizon can take up ...

$MRNA

It is make or break time for $MRNA now and since failing to provide the necessary compliance standards in their last assessment, the share price has struggled.

Bulls need to hold the $115 line or the impulse wave can not remain.

200 Day MA is at $104, which would be the next test if $115 is lost, I would not be holding $MRNA if $115 is lost.

$MCD - RC -

$MCD missed on their previous earnings and since then they have tried to attract people back to their restaurants by offering meal deals with lower pricing.

The market is so far not convincing and the price is being held down by its 50 Day MA, after losing a critical support level at $262, $MCD is not a buy while in this position and I expect a drift down to continue until the red line at...

$ONON

$ONON without EWT, so we can observe the price action without the theory and we can see that the set up is equally as bullish.

Retest now of the 50 Day MA at the blue line at $38 looks good here, all we need to see is a hold of support above this level and $ONON is in a good position to move higher to complete this Cup and Handle formation.

$RIVN

$RIVN has now held exactly on its 0.5 Fib at $13.26 and has bounced off this support level and is now up +6% today to start the week.

Wave 5 remains at the 2 Fib at $17.68 but a route up to $20 is possible here to the 2.618 Fib

This Wave 4 was certainly fast if we compare the length of Wave 2 but a catalyst like VW investing $5 Billion into $RIVN can likely cause this.

Impulse...

$CCL

$CCL has now started its pull back after an explosive move out of its wedge, which it was in since the middle of 2023.

The breakout level is at $17, so a retest and hold on this level would be the ideal entry point to add or start a position.

Impulse wave count remains in place.

$SMCI

Back down to test the 0.38 fib at at $770 today and has since regained back to $793, this was quite a large flush at the opening but the 0.38 Fib has been a formidable support line since the middle of April.

Losing this level and Wave C is likely to complete at the 0.5 Fib at $629, where we can see that the 200 Day MA moving up to this level.

Wave 5 is still set at $1405 if $SMCI de...

$SBUX

$SBUX remains in the beaten down sector leader category right now, along with $NKE and $PYPL.

Price is now struggling to stay above its 0.618 Fib at $79, where the 50 Day MA is too, making this a strong confluence level, working as a resistance level.

I suspect the drift down will continue and the next target would be the blue line, which was the April 2022 support level.

Unde...

$TSM

$TSM has run as high as its 2 Fib, close to $186 which is a normal level for Wave 5 to complete at and we can arguable make at 5 waves in this Wave 5 too but unlike $NVDA it has not extended in any way, and this can not be ruled out, so a run to the 2.618 Fib at $218 would be perfectly acceptable here.

However, if we start to see an acceleration to this pull back now, especially losing th...

$RIOT - RC -

$RIOT has not been holding support as well as $CLSK but still managing to stay between the 0.618 Fib and the 0.78 Fib between $10 - $7.

Price is below the 50 and 200 Day MA's now however so, support needs to be tested first before recapturing these MAs I believe.

Impulse wave is still valid but as we know with these crypto companies, you need thick skin holding these, their volatili...

$ETH

I've been monitoring how Silver and $ETH have interacted with each other and have found some correlation, which is a good sign....as $ETH is to Silver, the same way Gold is to $BTC.

Both are suppose to be seen as the digital alternatives to Silver and Gold and $BTC was designed to be a safe haven store of value....and only recently have we seen a break away from $BTC moving with the marke...

SILVER - SAFE HAVEN -

Let’s remind ourselves why we are buying and bought Silver

Historically considered as a Safe Haven position, along with Gold, for when the market is showing weakness and corrects, capital flows out of the market and into these Safe Haven positions as a way to conserve capital during times of market uncertainty, this is why we add to Safe Havens before the market corrects.

If the m...

$NIO TOP 20

$NIO reported its delivery numbers for June and they were 21,209, a 98% YoY increase.

$NIO is becoming more consistent now with its delivery numbers and the issues that they were experiencing last year have not creeped back in

The share price has yet to factor in this consistency.

$TSLA has is having a healthy start to this week again and Q3, we know that the EV sector will no...

$SPY TOP 20

The $QQQ chart I have just uploaded is looking a little stronger as the price holds above an important Fib level, unlike $SPY holding below its 1.27 Fib at $550....in spite of that, it finished the week testing its All Time High line again at $550, which is a good sign going into Q3.

Earning season will kick off in less than 2 weeks too, so there may be some calm before the storm until th...

$QQQ TOP 20

The $QQQ started the week with the perfect retest of the 1.27 Fib at $473 and has bounced up to its previous high then at $487.

A number of Mega Caps are looking like they can push higher this week too which will likely result in a further all time high here too.

Monday begins as the start of Q3 too, which means earnings season will kick off soon.

How the market reacts leading...

$TSLA TOP 20

$TSLA got the powerful move this week, helped on by VW's commitment to $RIVN, which is a further vote of confidence in this struggling sector.

Morgan Stanley also announced this week that $TSLA's Humanoid creation could be bigger than their FSD capabilities....which would be a large increase to $TSLA's TAM.

Both are bullish possibilities for $TSLA......this is where you will see ret...

$SHOP TOP 20

$SHOP has pulled back to its 0.38 Fib and has bounced very well and it may test its 200 Day MA at $68.80 before we get an ABC pull back.

Pulling back to the 0.38 Fib is not where I add to my positions, pulling back to the 0.38 Fib would indicate that this is only Subwave 4 and we are still in Wave 1, so I will wait until Wave 2 completes before adding, I rarely add in subwaves.

I am...

$SE TOP 20

$SE managing to hold its structure considerably well in spite of a number of attacks lately and we still have not seen a test here of its 50 Day MA, last time it was tested was in April and it has climbed over 50% since then.

So another test of the 50 Day MA is healthy here or even the green support line at $67, support needs to hold on either level and it can move higher to our Wave 3 ta...

$PYPL TOP 20

$PYPL has had a difficult time since rejecting at its ascending triangle top level at $68 and has dropped hard, we want this pull back to be a standard ABC pull back and so far this is what we are getting, as the price finished the week at the 0.618 Fib at $58.

For me, this is the last line of defence before we see a lot of weakness, the price action was able to hold above the blue suppor...

$PLTR TOP 20

$PLTR got the week we wanted and the bulls came out fighting.

Managed to bounce well on the retest of the bullish wedge and there is drift higher now to the previous high at $26.57.

A break above this level would further confirm our bullish thesis, this is not a level that needs to be converted to a support, it is just a higher high confirmed.

So once we get this, I believe $P...

$NKE TOP 20

$NKE got all the attention this week due to its disappointing earnings and weak 2025 guidance which I personally did not see a need to mention so far in advance, it leaves current holders in a difficult position and the only option now I believe would be to hold and possibly add to your position when support is found.

Selling at this level now, at $75 does not make sense to me.

We a...

$MSFT TOP 20

$MSFT hit resistance at the 1 Fib at $456 this week and took a breather, the price could consolidate sideways here under this level as the other Mega Caps gain more attention.

A breakout of this level and converting $456 to support and there is a move higher here to the higher Fib at $496.

A lot of the Mega Caps we chart each week are showing a potential 10% run on the table, this w...

$INTC TOP 20

$INTC we spoke about during the week that it was must be said that the price action has held the 0.78 Fib very well at $30 for the last 8 weeks and the price action is testing the 50 Day MA now....$INTC has fallen out of favour in the Semi sector but there is no denying its long term capabilities.

A break above the 50 Day MA at $31.30 would signal a change in trend and we could easily see...

$GOOG TOP 20

$GOOG I believe will continue moving higher beneath the yellow trend line and there is a route up to $192 and possibly the 1 Fib at $198 too.

A breakout above this trend line would be very bullish and we could see symptoms of a melt up and parabolic activity but will likely need a catalyst for this move to take place.

Holders here do not need to do anything right now except to hold ...

$DIS TOP 20

$DIS gave the market an unexpected flush down to the 200 Day MA on Friday after getting back above the 0.5 Fib at $101 during the week.

The price managed to hold above the 200 Day MA to end the week but bulls will need to hold this level to start next week and Q3 or a test of the 0.618 Fib at $96 is next, which is also the red channel trend line, which was a channel $DIS was stuck in betw...

$BTC TOP 20

$BTC dropped down to the $58k level on Monday, which was the last Green Fib support level and just above the 200 Day MA, the price managed to bounce but has struggled to follow through higher.

A pull back might be what is needed to go higher but will need to hold above the 200 Day MA again, which is now at the $58k level, making this a strong confluence level now.

As long as this le...

$BABA TOP 20

$BABA did not have a great week and the price is very close to its blue support line again, a support line that has been tested since Dec '23.

This line has been tested 6 times since then, it was lost twice and recovered almost immediately.

We can see that the 0.887 Fib at $71 is exactly on this blue line too, making this a confluence level.

Bulls need to deliver now or this c...

$AMZN TOP 20

We got the breakout this week that we have been waiting for.

We added back to our position as the price was knocking on the breakout level a number of times.....we waited, the set up came and then we bought heavy and now we are being rewarded.

I have added the 1hr chart here so we can see the movement on Friday, I believe a retest of the breakout level at $191 can come next and if t...

$AMD TOP 20

We cover this position a lot each week and I think we all know where we stand here.

Price continues to hold above the 50 Day MA and the 0.5 Fib and has formed a wedge here.

We want the blue line at $164 to be converted to support, if this can happen, we have our buy signal and the risk is reduced.

We have been patient here too and I still like the set up

I have my positi...

$ABNB TOP 20

We started a position back in $ABNB this week after a break out above the 50 Day MA, after patiently waiting since the middle of May for support confirmation above the 200 Day MA and the $145 support level, we then waited for a series of higher highs and lows and then bought after the price broke out......we were prepared to give up +5% in order to confirm support and see bulls re-enter here ag...