The Long Investor

$AMZN TOP 20 - LONG TERM PROJECTION -

We will need to wait until we get confirmation that $AMZN has topped out to know where to expect the pullback for Subwave 2 of Wave 3 but as a long term hold $AMZN remains the top pick for me.

I really admire their focus on growth and in spite of their enormous size, they are still gunning to increase their market share.

Their TAM is also expanding too and I would not be surprised t...

$BABA TOP 20

The market saw $BABA's earnings report and saw it for what it's worth, an expansion blueprint, something Jeff Bezos would be proud of.

We also got to see what a lot of institutional investors bought in Q1 yesterday and they went heavy into Chinese stocks.

All members of this group of course.

I sounded like a broken record over the last 9 months, explaining how Chinese stoc...

$NIO TOP 20

$NIO continues to hold within the $5.20-$5.34 range for the last day and I added yesterday

Not because I am ruling out $NIO not coming down to the 50 Day MA at the 0.5 Fib at $4.80 or even lower but I can not ignore the bullish sentiment towards Chinese stocks right now and this entire sector could be pulled up together.

$NIO has been one of the strongest performers from China over ...

$AMD TOP 20 - WATCHLIST -

$AMD is showing its teeth now

We can see a higher high and higher low now and back above the blue support line, which we want to see converted to support next in the form of a retest and hold.

We can also see that the 50 Day MA is here too at $168.60, so these are two big levels, so if the bulls can convert this range into a support level, we are in a strong position to move higher ...

$FUTU - WATCHLIST -

$FUTU has been excellent, gave us a retest of the blue line and held and bounced, so now we have seen a breakout of the yellow wedge, with a retest....followed by a break above the previous high at the blue line and a then another retest and now it has taken off.

Earnings due at the end of this month and if it can make it through this report without any big surprises, there is very little...

SILVER - TECHNICAL ANALYSIS THEORY -

Another example of the technical analysis theory I spoke about yesterday.

We find the First and Second Targets by taking the width of the triangle the price action can potentially breakout of next and insert it at the breakout level.

In this case, we can see that the width leads exactly up to the ATH line at $49....this is not a coincidence.

To find the First Target, we just u...

$SPY TOP 20 - 10 YEAR PROJECTION -

This is a chart we have been using for a long time now to show the long term projection of the $SPY.

My Wave 1 (5) levels have not changed but the steep ascending triangle leading to the end of Q1 was giving us concern, with a host of other indicators, including tensions in the middle east and we started to prepare for an earlier pull back.

With Wave 5 making a new ATH today, we hav...

$IBM

Presenting a very nice opportunity here.

Another stock that has also tested its 200 Day MA and has now held, which is just beside its 0.38 Fib too which is a standard level to pull back for Wave 4.

A hold here and I see no issue with $IBM moving higher to complete Wave 5

Wave 4 pulled back a lot faster than expected so Wave 5 can now come in sooner.

Losing the 200 Day MA...

$KWEB - WATCHLIST -

$BIDU and $JD both report tomorrow before the market opens and in spite of $BABA posting a mixed report, the market has seen it for what it is and it is recovering nicely today.

If $BIDU and $JD report positive earnings, they may also offer an opportunity too

Which will also help this ETF as it is a Chinese Internet ETF.

Wave 2 held perfectly on the 0.618 Fib and it has a wedg...

$OXY - RC -

$OXY holding on the 200 Day MA and the red line which keeps this in an impulse wave.

Holding here also protects $OXY from getting back into the descending yellow wedge.

Capital was moved heavily into oil stocks during the escalated tensions in the middle east and concerns in the market but that has resided now in the short term

I would be surprised to see $OXY fall back into t...

$RIVN - RC -

$RIVN is still being kept down by the blue line which was a previous support line at $11.67 but bulls will like that it has so far found support above the 50 Day MA as it pulled back.

Converting the 50 Day MA to support is a step in the right direction and takes this away from the danger zone of losing the wedge bottom line at $8.30

If EV's are starting their revival, $RIVN will nee...

$AMZN TOP 20

$AMZN is pulling back stronger than the rest of the Mega Caps and the market today, after hitting a double top at the blue line but hitting the 1.27 Fib at $191.

A retest of the 50 Day MA from above is likely on the agenda here at $181.

A hold of support here and it will hold with the market and likely move higher...losing this level would be very interesting however and could fall ...

$AMC

What a pump and dump

From $2.50 to $11.80 and now back to $5.12. $GME is also down -30% today too.

A lot of people bought at the tops and on the way up and they had no idea what they were doing and gambled.

Hopefully many did not lose a lot of money but some certainly will have.

$CURE - WATCHLIST -

Remember folks, I don't have the ability to buy this ETF but I do like it and I think the chart is incredible and prime to take advantage of.

The pull back in April came exactly down to the 200 Day MA and the 0.5 Fib at $101 and held perfectly.

So just the 50 Day MA to flip next to support at $113 and this is over a big hurdle

Wave 3 target remains the $281 and remember, this ...

$TLT - SAFE HAVEN -

As the US 10 YR retests the 200 Day MA from above, $TLT is testing its own 200 Day MA from below.....this is how inversely correlated both of these positions are, which is a good thing, so we can take advantage.

If $TLT can break above its 200 Day MA, it also means it has broken out of this bullish descending wedge too, which will be a big win for the bulls.

This $TLT chart has not ...

$BABA TOP 20

$BABA is recovering well after the flush down at the opening yesterday.

We can see clearly that the flush went exactly to the red line again, for the second test and bounced, which is where I bought and sent out my Buy Alert.

That buy is now up 3.5% now.

The price is also back above the 200 Day MA now and drifting higher.

I am happy with our buy yesterday but making sure...

US 10 YR

After the CPI print today, the US 10 YR has come right down to the 200 Day MA now, which should be a good sign for $TLT and $TMF which is why they are green right now.

But it should also be a good sign for the market but it has had a difficult first 30 mins so far.

I think we need to the let the dust settle a bit after the CPI print, the market also ran strong for 12 days too which ...

$AMD TOP 20

CPI came in as expected, so many investors may be looking at beaten down stocks over the last few months to take advantage of the market taking some risk off with CPI not coming in Hot.

$AMD may be a stock that will benefit from this hunt for value.

$TSM has also run very strong lately too and both of these stocks are strongly correlated.

Price also continues to hold above the...

$NIO TOP 20

$NIO has hit the $6 level again at the open and has just stopped short of going higher, it is very early in the day but the set up looks good for moving higher over the next few sessions, if there is an opportunity for this to pull back to the 50 Day MA at the 0.5 Fib at $4.81 then it is an opportunity I believe.

A second retest of the blue line again at $5.31 and it holds then this is mo...

$HIMS - WATCHLIST -

$HIMS has just raised its head above its 50 Day MA at $13.92 at the opening, this will be an important level to flip to support, a successful flip here to support and this should continue moving higher for Subwave 1 of Wave 3 for a target of $21.30 at the 1.618 Fib.

If we can get a clean breakout and retest of this level, then it is a clear buy signal and I will add to my holding, I am al...

LESSON - TECHNICAL ANALYSIS THEORY - $DAL

I had to share this chart of $DAL because the confluence level is pure beauty.

The theory states that: in a bullish move, when the price action breaks out of a wedge, it will climb the total distance of the width of the wedge it broke out of.

So in simple terms, I have highlighted the width of the wedge with a white oval and inserted it at the point where the price action broke out ...

Important Note - My Investing Philosophy

$SOFI

$SOFI tested its descending triangle breakout level today at $7.64, which also meant going above the 50 Day MA but it has so far stayed under the trend line.

We can see that this area between the 50 Day MA and the 200 Day MA is becoming a strong confluence level, so in order to reverse this trend, it must breakout above the 200 Day MA....which is conveniently at our blue line at $8.20, wh...

$ETH -

That's it $ETH, move into that sweet spot!
The $2800 on the 0.5 Fib is looking like the confluence level of the price action and 200 Day MA, also in a tightening descending bullish formation.

This is the only level I will consider adding to my $ETH position again.

The structure is looking almost too perfect right now

$BB

$BB is getting involved in the meme action but this is the exact same chart I uploaded in this group 1 month ago,

Wave 5 completed and we got a reversal to the upside, once it broke above the wedge, it took off.....the timing was quite remarkable, considering it happened at the same time as $GME and $AMC.

This could keep going a lot higher to the top blue lines but the 200 Day MA ha...

$SHOP TOP 20 - WATCHLIST -

I have gone through $SHOPS earnings report and fundamentals thoroughly and I am happy that we have made the right decision by adding this to our Top 20 and believe this pull back is presenting a very good opportunity for us.

The only blemish was the earnings dipping negative but it is fully expected to recover for their next report and for the rest of the year.

Their FCF is also exp...

IAG - LSE -

IAG is a company I know very well, as I work for them.

I see firsthand how busy their flights are and their intentions to continue growing.

All the airlines in the airline group are fighting each other to get allocated more aircraft to help with their own expansion, not a bad situation to be in for an airline group.

IAG had their Q1 earnings out on Friday and it was a positive...

$NIO TOP 20

It is hard to not like $NIO here.

Price has now flipped the blue line to support convincingly now, which we know was a previous support line in Feb and March.

Price action also used the confluence level at the 0.38 Fib, just above the 50 Day MA and the blue line as a support level to bounce and now up 7% now.

Next stop could be the next blue support line at $7.

Again, fl...

$COPX - SAFE HAVEN -

That is as clear as you'll get in terms of a breakout.

It has now made a 13 year high and looking very bullish

Those who have not added already may consider adding on a retest of the breakout level at $47.20 but there is no guarantee it will come

US put tariffs on Chinese mineral companies this week which is likely the cause of this move

But it may also be painting a big...

$BMBL - WATCHLIST -

$BMBL and $HIMS really have my attention right now because of how well their margins are improving.

$BMBL I believe should not be this low, their revenue and FCF did not dip that much but they went into net loss and that put enormous (unnecessary pressure) on the share price

As soon as they reported a profit last week from their earnings, the price broke out and I believe the share ...