The Long Investor

$SLV - SAFE HAVEN -

For the people who can't buy commodities, $SLV is exactly the same as buying Silver.

We can see that both charts are moving identically

Note the 50 Day MA also at the 0.618 Fib too....only difference is the price

A pull back to $23.70 is the same as a pull back to $26 on our Silver chart.

$ETH

3 perfect abc waves pulled back here and found support on the 0.5 Fib leading up to the BTC halving event.

We can not ask anymore of a chart than this.

There has been positive moves on the 1hr chart with both the 50 and 200 MA flipped to support

So on the daily chart here we want to see the price recapture the 50 Day MA at $3475.

There is still a chance that this could m...

SILVER - SAFE HAVEN -

The Israel - Iran conflict does not appear to be escalating any further from both attacks and Silver and Gold are taking a breather.

We have been waiting for a pull back after testing the $29.79 level close to the blue line and the plan remains the same, a pull back in 3 waves to the green Fib levels and holding, then I will buy again as my safe haven.

50 Day MA is only now at the ...

$LULU

$LULU has so far found support on its historical support line, going back to 2017.

The support line also cut through the 0.5 Fib too at $323, so I believe we could get a relief bounce for Wave B now and this could move the price back up to the 200 Day MA which is just below the 0.236 Fib now at $423.

I suspect it will move back down for Wave C with the market then.

Lesson - Identifying a Down-Trend

$QQQ TOP 20

I wrote a short story under the $SPY chart so I am all out of energy right now as we wrap this evenings preparation up.

$QQQ is moving almost identical to the $SPY now after a very violent close to the week from $NVDA, losing $212 Billion in value, which brought down the entire sector.

The blue line is next at $408 which was the previous high before November '23, losing this level a...

$SPY TOP 20

I did not see a single account showing that the market would reject here but us, these are projects we were showing since October too and so far our projections have played out.

Apart from the Semi sector, all charts are moving as expected and we have been extremely accurate with our charts.

I will not always get charts correct, especially when catalysts develop and there is nothing...

$TSLA TOP 20

$TSLA has everyone attention right now, a MEGA CAP cult following whos leader also owns X which we all live on.

Everything he does is scrutinised but we need to remember his brilliance.....a man who has created what he has is going to be different and I would not expect anything less.

$144 is the level that everyone is watching and it is the wedge support line, the 0.78 Fib and a ga...

$PYPL TOP 20

Like I said during the week, I am surprised to see $PYPL still holding strong here considering the rampage the US 10 YR has been on, moving aggressively higher, it cooled down on Friday with the market and this managed to help $PYPL hold its 50 Day MA and 200 Day.

It is getting tight here for $PYPL, any momentum it builds is knocked down by CPI and the 10 YR.

Earnings are due on Tue...

$PLTR TOP 20

$PLTR we have been very patient with, we have only bought once and have an intention to buy 4 more times to complete this DCA strategy but we have not seen support hold convincingly yet.

The price has held the 0.618 Fib to finish the week but the 200 Day MA is moving up here to offer support, so we will need to see support above the 200 Day MA or this may start breaking down, that is some...

$NKE TOP 20

$NKE needed to hold above $88 and boy did it and its had a very strong bounce.

The price did not manage to hold above the historical yellow support line but certainly held well this week compared to the market.

The 50 Day MA will be a massive test here above, we can see that since Feb, it has rejected a number of times trying to get above this level and continued to drift down, one ...

$MSFT TOP 20

Many analysts had this moving higher in March but we maintained our conviction that it would struggle at the 2.618 Fib and complete Wave 5.

It has now rejected hard at this level and the moment the 50 Day MA was lost this week, it accelerated down, losing -5.5% over the last few days during the week.

Earnings report is due on Thursday so I still expect to see a retest of the 50 Day ...

$INTC TOP 20

$INTC I have added in 5 waves down here in red as a corrective wave because the price action came within $0.20c of the invalidation line on Friday after the sector sell off.

$INTC is not the leader in this sector and it falls under the influence of the larger hitters like $NVDA, it has also lost its 50 and 200 Day MA now and showed no support cutting through the 200 Day MA too.

Losi...

$GOOG TOP 20

Like I said last week, I took a bold step suggesting that $GOOG was in Wave B and would reject staying above the blue line, it managed to hold on this level to end the week but I do not expect $GOOG to hold this level.

I would be concerned holding $GOOG through earnings, as the last two earnings saw two violent declines post report and this would also align with our chart too.

It is...

$F TOP 20

Cyclicals took a hit this week and the US Yields staying high has taken a big hit on this sector, people simply delay upgrading their cars when rates are high.

Price just about managed to hold on the 200 Day MA this week and back in the channel but if the impulse wave does not continue, which I suspect it will struggle with, I would then expect $F to just continue moving through this yell...

$DIS TOP 20

$DIS like $COST needs no further comment, it is behaving as textbook as they come and it has been a joy to chart.

Lost the 50 Day MA this week too and is moving in sync with the market too.

Give this time to complete its correction and it will be attractive again to buy.

$COST TOP 20

A lot of our charts this evening have no changes and have not had any changes for sometime now as we have been accurate I believe on 85% of our Top 20 charts which I am proud about.

$COST continues to behave very structurally and we also got to see a retest of the 50 Day MA from below this week and a clean rejection

This is what we want to see with the market too, this gives us a cl...

$BTC TOP 20

$BTC has passed the halving event with zero impact, in fact it held the 0.236 Fib at $59.6k

The big test now will be if $BTC starts to move down with the market, this would not be a good sign for bulls who have said that $BTC is a safe haven and the new digital Gold (as Gold pushes to ATH's)

I think a retest of the 50 Day MA at $67.2k will tell us a lot of information

A reject...

$BABA TOP 20

$BABA is getting to those levels that we saw when $META was at $80's, we knew it was undervalued and held down but people were still cautious and then missed out on a 400-500% climb

It also continues to move within this tightening wedge downwards.

$BABA is also in my Buy Zone now too after losing the $71 level.

I am cautious about adding more as it starts to drift down looking...

$AMD TOP 20

$AMD is really in a tricky position right now.

It finished the week right on the 0.618 Fib and above the 200 Day MA but the moment $NVDA lost its 50 Day MA this week, it nosedived -10% which is $200 Billion decline, this is not healthy to see....$NVDA has gone parabolic over the last year but revenue has been fantastic but we never want to see aggressive moves like this.

This move h...

$AMZN TOP 20

This has been textbook for us.

We waited for months for $188 to hit at the ATH line and the price rejected immediately after hitting it and in the space of just a few days, the price action has decreased lower than where I sold 40% of my position......where a lot of that profit was put into Silver and that jumped +20%. So this has been a good move for us

I am excited also to see thi...

$ABNB TOP 20

$ABNB is the one chart today that I can't chart any other outcome because I do not see it. The impulse wave can still be valid even if the price action moves down to the 0.618 Fib at $145, because this does not infringe upon Wave 1.

$ABNB also only IPO'd in late 2020 so its wave structure is not as defined as the Mega Caps and it certainly has not reached its ATH line again, which is all ...

$AAPL TOP 20

As always we start with $AAPL, not only because it is alphabetical leader but it has been the market leader for the last 20 years and leading the MEGA Caps right now through this correction.

Make no mistake, this is certainly in a steep descent and it helped us confirm that the market was topping out in Wave 5.

This is all the way back to its 0.5 Fib now which is a steep pull back f...

$DBC - ETF - COMMODITY INDEX

$DBC was just brought to my attention and it was last uploaded in July and still following our projection but still needs to break above its 200 Day MA which it has been testing this week.

Flipping this to support at $24 and we could see a run to $30 next.

I will also put this on watch now.

$WM - RC -

$WM has had an excellent couple of years, moving from its Covid Low at $85 to $214 in March '24.

However, it also looks like it is moving with the market now.

Gates and many large fund managers are big fans of this stock and I can see why, its consistent and moves strong.

But I believe it will move with the market still.

It is testing its 50 Day MA now too and if it lose...

$BYON - RC -

$BYON has had a difficult couple of weeks.

Price broke out of its channel that it was in for 2 years leading up to earnings and then posted a negative report and on the pull back to test the channel top line, it sank and sank hard.

Price has also lost the 50 and 200 Day MA now but finished the week on the 0.618 Fib at $22.56

Losing this level and the next support is at $18.65....

$REMX - POTENTIAL SAFE HAVEN -

I have been researching this weekend for more Safe Havens and the VanEck Rare Earth/Strategic Metals ETF has caught my attention but has still not reversed yet.

This has an ATH of $347 and is currently sitting at $50.

We have seen some attention lately towards commodities and precious metals so the sector might widen and consider rare earths shortly.

There are two potential tr...

$IWM

$IWM finished green yesterday but really suffered this week and lost its 50 Day MA like the $SPY and $QQQ, it also came close its 200 Day MA....so although we saw rotation out of the Mega Caps on Friday, it is not transferring into Small Caps but more reliable Large Caps instead....this may trickle down to Small Caps next but losing the 200 Day MA will mean that investors are not considering $I...