The Long Investor

$SE TOP 20

$SE has been in a world of its own since the start of this year and nothing seems to be able to get in the way of this moving higher in this aggressive impulse wave.

Holders, you do not need to do anything here, continue to hold and enjoy the ride.

I would not play any waves here either as the bullish momentum is certainly behind this and consistently making higher lows and support ...

$PYPL TOP 20

$PYPL finished the week on the 200 Day MA at $60.64 after rejecting trying to get out of this ascending triangle and the negative catalyst that $AAPL are planning to remove $PYPL pay now on their website was a tough blow for the company.

We may be seeing a larger ABC correction playing out here and I have reflected that on the chart here, if the 200 Day MA is not held, so unless there is ...

$PLTR TOP 20

$PLTR remains in this bullish wedge and came very close to breaking out at $24 but did not have the legs to cleanly breakout and convert this level to support.

$PLTR could come back down to its 50 Day MA at $22 again to confirm a higher support before making another attempt at the breakout out of this wedge.

$PLTR is still a large position for me and I will only consider adding when...

$MSFT TOP 20

$MSFT could be the silent winner of the collaboration between Chat-GPT and $AAPL, the market certainly loved this partnership and $MSFT is a big driver behind their success and will benefit from any monetary tailwinds

I think $MSFT should have no issue hitting its Wave 5 target above $456, the only question should be, how high can it go?
I suspect this will continue to drift higher unt...

$INTC TOP 20

$INTC is catching no love here, no relief bounce and no attention either as it struggles to hold on the $30 level, with the 50 Day MA moving down quickly to this level, I suspect it will act as a further resistance level and push the price action down further, $24 can not be ruled out either or possibly lower.

This has been made even more bizarre considering the sector continues to hold o...

$GOOG TOP 20

$GOOG continues to look healthy here and I am not seeing any breakdown or weakness to its structure, I expect the price to continue moving higher under the trend line to our Wave 5 target at $190.

No change to the chart here.

A retest of the 0.618 Fib at $172 and hold, may offer an opportunity to top up your position to catch the last 10% gain in normal conditions.

$DIS TOP 20

Getting very interesting now for $DIS. It is in the perfect sweet spot now, between the 0.5 Fib and 0.618 Fib for this pull back and I can see a 3 wave pull back too, which is standard for a corrective pull back before going higher

The 200 Day MA conveniently cuts through this Fib range too, which makes this a popular confluence level, so all eyes will be on $98, failure to hold here and ...

$COST TOP 20

$COST has been flat over the last week and not much has changed here, still below the 2.618 Fib at $863 but is still yet to test this important Fib level, which we consider the upper limit of the normal range for Wave 5.

$COST has been incredibly bullish for the last 18 months but it is not a buy here right now.

$BTC TOP 20

No changes here to the chart that we have been following for awhile now, price action is still holding above the 50 Day MA at exactly $66k.

So if this price can hold here, then the bulls may have another attempt at breaking above the $69K level and most importantly, holding above this level on the retest

Losing $66K and we need to accept that this is certainly coming down as shown a...

$BABA TOP 20

$BABA breaking below its 200 Day MA this week and the confluence level with the 50 Day MA and the 0.618 Fib at $76 was certainly a disappointment to see, so what do we do?....moan, give out or make a plan?

I know what I always do, I re- assess the fundamentals and make a plan.

The fundamentals have not changed, so if $BABA continues to move lower to the blue line at $71, I will be ...

$AMZN TOP 20

For the last 3 weeks I have said that $AMZN remains the most attractive Mega Cap to me while the market continues to move higher while we wait for the Fed to pivot and inch closer to the election date.

The price action has tested the $188 level again this week and was met with resistance, this was the level we waited for for the last 18 months to reach so it is not a surprise to see this ...

$AMD TOP 20

$AMD has still not caught onto the $TSM and $NVDA train and moved higher as aggressive as these two but I still like the set up here and I am still holding with a considerable position, so I don't intend to add just yet until I start see a move higher in an impulse move.

The pull back so far since $175 has been very standard, holding on the 0.5 Fib at $157, if the price can hold above thi...

$ABNB TOP 20

I have been watching closely for the last month to see how $ABNB handles the $145 support line above the 200 Day MA, although it has been tested multiple times now and held each time above the 200 Day MA, there has been no follow throughs just yet, however, there has been a series of higher highs and higher lows as the 200 Day MA moves higher.

The 50 Day MA is now moving down to the price...

$AAPL TOP 20

$AAPL reminded the market this week why it has been the S&P 500 leader for the last +20 Years and broke out of its 1 year consolidation range.

I upload this revised chart during the week to reflect this bullish move and the new PT.

I did not see any new innovation during its AI Day but the market certainly enjoyed its collaboration with Chat-GPT.....isn't that also a win for $MS...

Tweet

Examples like this catch a lot of the market out.

If you bought as soon as there was a breakout in these bullish patterns, not a single person would need to work again, it would be that easy to make money.

The forgotten about action is the breakout AND retest of the breakout level, this is vital.

A retest may involve a number of tests too to c...

MacBook Air Giveaway

Happy Father’s Day to all who celebrate, as a gift, I want to give away a MacBook Air to one lucky paid member.

So anyone who is a current active paid member as of the end of 16th of June ‘24 will automatically be put into the draw.

I think I will make this a regular event too, I know I would be lost without my laptop and want to help where I can.

I will also give you the...

$IWM

On the weekly chart, the chart is almost too obvious to the upside.

Price has been using the 200 Weekly MA since Nov '23 to drift higher

We would need to start seeing some rotation from Large and Mega Caps to Small Caps for this to happen but I think it is possible.

These Caps are overvalued right now, while Small Caps have been lagging with many still at their fair value.

US OIL

OIL has been moving sideways since the world gradually decides to forget about what is happening in the Middle East and the War between Ukraine and Russia.

The price has still held above the 200 Day MA, after losing it momentarily during the week but recapturing it to end the week.

Buffett continues to add aggressively to $OXY during this consolidation period too.

Price right ...

$VICI

$VICI is also a stock I continue to watch in the background to consider starting a position when interest rates are cut, I believe this sideways movement is due to the uncertainty around when the Fed will rate cut.

They have a:

Gross Margin of: 99%

Net Margin of : 70%

PE of: 11

FWD PE of :10

and a dividend of 5.8%

They have the best net margin in the ...

$TLT - SAFE HAVEN -

US 20+ YR Bond ETF is regularly uploaded in our group and currently has its impulse wave on the chart we normally use but I wanted to show the Mean Reversion Zone here if $TLT has put in its bottom now.

We can see in early 2020, at the height of panic due to Covid, Bonds hit a record high at $179, they have been on a steep decline since the US flooded the market with dollars, by way of a ...

$SIRI - Weekend thought -

I am not going to lie, I have been fascinated by this buy from Buffett.

It has declined heavy since the start of 2023 from $8 to $2.63 now and is still struggling to find support.

It has lost the 0.618 Fib convincingly at $3.14 and the next test would be the 0.78 Fib at $1.78.

Fundamentally, this is a very strong stock:

PE: 7

FWD PE: 8

Net Margins: 14%

...

$IQ

Finished the week on the wedge top line, testing from above.

Price is also at the small 0.618 Fib and above the larger 0.618 Fib.

RSI is exactly at 30 too to finish the week, which is the start of the oversold territory

$IQ in my opinion is waiting for the HSI.

$HIMS was a risk when people believed that the CEO was damaging the stock because of his views on the middle ea...

$ETH

$ETH is my preferred Crypto over $BTC and this was mainly down to missing $BTC's run at $17k, so we started buying early in $ETH instead, after we made 100% profit on $ADA.

So I am sticking with $ETH as it has served us well and I continue to like the set up here.

Price right now is fighting at the 0.5 Fib and the 50 Day MA, I still have one more buy for $ETH and I will likely wait ...

$AFRM

This chart is almost too perfect and aligns with our EWT chart of $AFRM

Bullish descending wedge into a Cup and Handle Bullish formation.

Both align with the top blue line ayt $51 too.

Tho the price needs to hold here on the 200 Day MA at $32.40

The price did jump to $39 this week but has come back for a retest of the 200 Day MA, so if the bulls can hold here, this can m...

$ADBE

Reported last night and it was a double beat and the price is up 14% today.

No changes to our chart here and we were showing that Wave A would complete at the 0.5 Fib and then a bounce for Wave B, so this is perfect so far.

I will be watching for a test of the 200 Day MA at $544 next to complete Wave B.

$NVDA

$NVDA only knows one direction right now and if it goes anymore parabolic the price is going to start moving to the left!!!

The extreme limit here is at the 4.618 Fib at $158, as we have said before that we have never seen a price action go beyond this point without a pull back first.

If the price holds above $126, then an attempt can be made up to the last Fib level.

As lo...

$CCL - RC -

$CCL has been forming a bullish wedge here after holding on the 0.618 Fib support in October '23 at $11.

The wedge is getting tight now and there is another retest of the 200 Day MA this week.

A breakout of this wedge will be bullish and into the bull case and we would favour a move up to the Wave 3 impulse wave if this happens, breakout level is exactly at $17 now.

A breakdow...

$DAL

$DAL has struggled to hold onto the $49 support level and a new lower low was made so I am happy that we are in Wave 4 now and looking to complete this now.

We can see Wave 2 in Jan completed on the 0.5 Fib at $36.

I would expect Wave 4 to complete on a higher Fib at the 0.38 Fib at $47.

I was not considering adding $DAL but a pull back to $47 would be attractive to me.

...

$CAT

$CAT pull back is going very well here.

The price is just in the pull back completion range between the 0.38 Fib and the 0.5 Fib, where the 200 Day MA is sitting on the 0.5 Fib too, making this a confluence level.

A test and hold here would be a good sign and then we wait for a bounce from here to move up for our Wave 5 target at $413.

No changes here since our previous chart ...

$IQ - Institutional Ownership -

Institutional Ownership has increased while the share price declined and now at all time high levels.

They buy for long term and so do we.