The Long Investor

$HIMS

$HIMS remains on track to hit our Wave 3 target but is pulling back now for what we count as Subwave 4 of Wave 3.

Ascending triangle was formed before the breakout and I have Subwave 4 on the 0.38 Fib level as always, at $13.75....with the lower support levels shown too.

No changes here.

$WBA - RC -

There is very little to be optimistic here for $WBA has it continues to be in the category of staying in its descending wedge right now.

We are seeing a lot of these set ups on charts right now and there is very little that can be done or should be done while in this set up.

There is clear concern that $AMZN is going to threaten this sector and they have already started to sell medi...

$VICI - LONG TERM -

Is a real estate company with incredible margins (+60% net profit margin) but has been moving sideways since 2022 due to higher interest rates.....it goes without saying that higher interest rates will cause people to delay getting a mortgage or more appropriately getting approved to get a mortgage, so for this year, the share price has moved sideways until the Fed makes a decision on when to c...

SILVER

Silver has cleanly broken above its previous high at $26 and we saw some movement during the night to attempt a retest of the green line again, the price went as low as $26.20 and bounced but this pull back may not be complete yet, as we know, pull backs happen in 3 waves.

So a further retest of $26 and we have a higher support level and further confirmation of this larger impulse count a...

$ETH

$ETH could not sustain its bounce and I think we are getting our 3 waves down now for Wave 4.

We can not consider $ETH being in the same count as $BTC as it did not make a new high, in fact it was 30% away from making its ATH again, so they did not move exactly as each other, $ETH has lagged.

What I am seeing is a very nice ABC correction now and we will be watching for a hold betwe...

$CURE - WATCHLIST -

We have been waiting patiently for the last 3 months for this pull back, it has taken its time but we knew it would come eventually.

Price has pulled back from $127 to $111 now and working its way down through the Fib levels now as the health sector is under some pressure.

200 Day MA exactly at the 0.5 Fib at $101 would be the sweet spot to buy here.

I advise to monitor this c...

$PLTR TOP 20

This is what I am watching on the $PLTR chart now, I have white circled the bounce on the 0.5 Fib and I can see only 3 waves bounce here and then a decline, however the price has not made a new low yet.

So there will be a fight today between the bulls and bears.

Bulls want a new higher high to get our 5 waves and bears will want to make a lower low below the 0.5 Fib or test this lev...

$BIDU

$BIDU continues to stay under the radar but I am watching it closely and continue to be impressed with the wedge breakout out, followed by a retest of the wedge on the 0.618 Fib at $102.

$BIDU for me is a hedge against the US market too, its market is not in the US, it is mainly in China and Asia, there should be very little correlation.

$BIDU declined while the US market rose, I co...

$AMD TOP 20

There was much discussion in our group yesterday about $AMD and with the market flush late in the day, $AMD did in fact lose the 0.38 Fib.

What it may have done now is completed Subwave A and Subwave B and we are into Subwave C now, as the impulse structure is still in place and I have not seen a Wave 5 yet either to complete the structure.

The 0.5 Fib is at $160 and the 0.618 Fib ...

$QQQ TOP 20

$QQQ is very similar to our $SPY chart just uploaded.

At the weekend I spoke about the rejection at the 1 Fib at $444 and now we are seeing further confirmation

Let's see what the bulls response is tomorrow and Friday.

For now the 50 and 200 MA on the 1hr chart is lost and the channel too, so this is certainly something we should be considering.

Also the capital allocati...

$GOOG TOP 20

$GOOG has now rejected at the blue line too and could not breakout and flip this level to support....with the negative market sentiment out today, it is now down -2.5% too.

This is what we spoke about at the weekend too, so we will monitor this now to see if $GOOG rejects further and starts moving down for Wave C.

Wave C is something I want to see here and I will be buying if it com...

$SPY TOP 20

Two catalysts today have shook the market into aggressively pulling back.

Fed deputy boss has said that there may be a scenario that Rate cuts are not done at all this year if inflation does not come down further.....after these words were spoken, the entire market felt a ripple of negative sentiment.

Blinken also said that Ukraine will join NATO which may cause Putin to react to t...

$PLTR TOP 20

Nice catalyst before the opening today and the timing could not have been more beneficial.

Break above the 0.38 Fib at $23 and initially the price had done above the 50 MA on the 1hr chart too.

What we want to see over the next few sessions is a continuation of this strength and a capture of the 200 MA on the 1hr chart at $24.30.

This would be a strong signal that Subwave C is...

$ONON

There is no EWT on this chart but what does this set up and formation show you?

$DAL - LONG TERM PROJECTION.

$DAL Buffett sold his airline stocks back in May 2020 (due to Covid) and the price is now above what he sold at....but his reason made sense at the time. Its an industry he likes With this set up and projection, I would be surprised if he does not get back in again.

A hold above $49 and I may...

$DG - WATCHLIST -

One day later and we get the triangle breakout and the price is at $163.

I hope our members stuck with this throughout earnings and are now on the other side of the small pull back.

Like always, a retest of the wedge at $160 here and we have our buy signal to add.

$CLSK

Getting saved so far by the triangle trend line and the 0.887 Fib at $16.

As long as this can stay on the outside of the triangle, Wave 5 is still a possibility.

Market appears to be still digesting the announcement on Friday.

We can also see that the 50 Day MA is coming from below to offer reinforcements to support.

Holders, I wouldn't be making any reactions right now ...

SILVER

Silver has now cleared all important tests now.

Big one for me was getting the breakout of the yellow wedge and the perfect retest at $25.....this is also what we saw on the $OXY chart too

These breakouts and retests are sent from the heavens to show you that a previous resistance level has been converted to support....the price then jumped over 10% which is significant for a commod...

$HAL - WATCHLIST - LONG TERM -

Ok this has been brought to my attention by one of our members, I have uploaded this here before but it has been awhile but still moving in our impulse count.

That being said, the structure is a lot more clearer now and we have a strong looking chart and ascending triangle right now.

I have also assessed the fundamentals and this is undervalued with strong margins.

Price is al...

$TLRY - WATCHLIST -

This chart was uploaded last week to show the potential for a break out and the targets above if the price can hold on the outside of this red channel.

With an 18% bounce yesterday, the price is now outside of the channel, a retest of the channel from above now at $2.70 is what we would like to see to show that this has been flipped to support....like we saw on the $OXY chart and that gav...

$ORCL

I spoke about strong setups under the $CAT chart today and $ORCL is another good example and they have just started a partnership with $PLTR too so it is worth revisiting this.

In Wave 3 now and has made a higher high lately and has recently found support on the 20 Day MA.

The $PLTR news seems to have benefited $PLTR more than $ORCL right now but as long as this continues to move co...

$AMAT - RC -

Very large Megaphone pattern here since its inception in 2015.

Price has jumped from $70 to $209 since the end of 2022 too.

I can also make out 5 very clear impulse waves as shown and I expect the price to continue moving up to the top the trend line again at $225.

I suspect this may be a strong resistance level so I have added in the amber corrective waves for a pull back. 2024-04-04 12:36:32 +0000 UTC View Post

$DELL - RC -

$DELL bounced 8.5% yesterday as demand for AI servers has shot up lately and $DELL is at the forefront of this demand.

I am skeptical about this Wave 4 being complete for me as it is extremely short and shallow and it is difficult to make out 3 waves here...

Primary Wave 3 possibly may not be complete instead but I believe a Primary Wave 4 needs to come in properly before starting W...

$CAT

These are the boring stocks that get no love but they are the perfect stocks for the long term investor, they are solid moving and have solid fundamentals

And a 60% jump since November....60% is not boring or something that should be ignored and this hit our Wave 3 target perfectly.

We have similar set ups on $BKNG, $CPNG, $V, $WYNN, $DAL, $ABNB, $MGM, $YINN, $SILVER, $MCD, $ORCL et...

$HOOD

$HOOD I believe is into Wave 4 now.

Price rejected trying to stay above the 1.618 Fib which is the standard level for Wave 3 to run to and now we are getting a pull back

Isn't this what we always look for

Wave 4 is always then set on the 0.38 Fib which is at $16.66 right now.

So let's see how the price can hold on this level, a hold here and we get our next move up, poss...

$SMCI

Starting to see signs of $SMCI being in its corrective wave now.

You'll notice that Wave 3 stopped at the 2.618 Fib exactly at $1080....this is also the level where price rejected on the 26th of March too, making this a lower high.

If we start to see a move down to the 50 Day MA next to $857, we could have a Head and Shoulders pattern here.

I have added in the amber Fib levels...

$ULTA - RC -

$ULTA dropped -15% yesterday post earnings after the CEO announced that their are signals of slowing down demand.

However the earnings was still a double beat and analysts have came out and said this is still considered a strong buy with a PT above $630.

We have a pull back on the chart but no breakout of the structure, in any way.
I have added the amber fib levels to show where ...

$SPOT

Up 6% today because they have announced that they are increasing their subscription price and customers will likely have no issue whatsoever paying the higher price because we still get plenty of value from their service.

This shows the strength of their model and is by far the market leader.

No changes to the chart of course, this has always been in Wave 3 and I expect the price to...

$CROX - RC - WATCHLIST -

$CROX has the wedge breakout now above the green trend line and this week it is showing a small pull back....ideally a retest of the green trend line at $131 - $132 and holding confirms that the bulls have flipped this resistance level to a support level.

Next test will be breaking above the previous high at the blue line at $151.

Clearing this level and the next level to watch is a...

$ADBE - RC -

$ADBE is a well behaved Mega Cap stock that completed Wave 5 and has pulled back perfectly so far to our Wave A level on the 0.38 Fib.

There is no changes to this chart since the last one I uploaded but there is some interest here so it is worth uploading again to show how well it is following our count.

Moving with $AAPL here too, so both are due a Wave B bounce shortly and I would...