The Long Investor

$AMD TOP 20

Big question now will be if the party ends for $AMD at the $220 level, it's the 1.618 Fib level which is the perfect level to complete Wave 3.....but we are seeing so much strength in the Semi's at the moment....lead by $NVDA, $AMD and $TSM, so it is impossible to rule out this going higher.

If you are holding $AMD right now, you do not have to do anything, wait for the rejection, when it...

$XLV - SAFE HAVEN -

The healthcare sector remains bullish for me.

I really like how long this consolidated since 2021 and has just broken out, very much like the $CP chart I uploaded last night, which I advise everyone to look at.

A retest of the top blue line now between $143 and $141 and this holds, then you have a very secure ETF that would help you conserve your capital for the remaining part of th...

$TSLA TOP 20

$TSLA has made a lower low and back to back negative news is flowing out of $TSLA and about Elon, the market also doesn't seem to like all the attention Elon has been getting about his Openai case, which can be seen as a distraction.....I sense there is more at play here, certainly the sector continues to struggle.

I would not be adding here until a firm support level is found and $152 is...

$SQQQ - SAFE HAVEN* -

This is a safe haven but I add the * because of the leveraged position.

We can see that the Mega Caps are clearly struggling now but the $QQQ is still holding relatively well as the Semi sector continues to attract buyers and there is also rotation into other companies in this market...which is why the $SQQQ has not reversed yet, this is also why I ask to be cautious here and wait for the...

$JETS - RC -

I upload $DAL a lot because it is one of my holdings but $JETS is a great ETF for exposure to this sector and we can see that it has been moving very well through our count.

Above all moving averages now and making higher highs and higher lows.

Wave 3 target is not too far away now at $22.50 and a breakout of this level and we are into the Bull Case.

I still prefer my position...

$GOOG TOP 20

$GOOG and $AAPL are in perfect sync right now....both are falling hard and both have lost their 50 and 200 Day MA's now.

$AAPL has lost its 0.38 Fib support but $GOOG has not tested this level at $127 yet.

It may test its 0.38 Fib at the same time $AAPL tests its 0.5 Fib, if both find support together, then they will both bounce together next for a relief bounce.

This is not a...

$INTC TOP 20

$AMD moved as expected, $TSM has now done the same....$INTC is showing signs of wanting to break away from our blue line but needs to get above the 50 Day MA at $45.50....a breakout here and this moves as we are projecting.

I can not see how $INTC does not join the party here.

GOLD

Gold and this chart are a match made in heaven.

Clean breakout above the $2080 level we were watching closely and has now made a higher high.

A retest of the $2080 level from above and holding will confirm that Gold is now in a new paradigm and its trajectory is moving to the upside to the First Target at $3000 over the next 2 years.

Remember the market does not want Gold to m...

$DG - SAFE HAVEN -

I started a position in $DG when it broke above its 200 Day MA and sold 20% of $AMZN when it started declining and put some of its cash into $DG, this was my hedge against its decline and so far it is working out very well.

We can see clearly on that chart that there is a clean breakout above this important 200 Day MA and we are into the Bull Case now.

Wave 3 remains the target but ...

$BOTZ ETF - WATCHLIST -

We highlighted this ETF at the end of last year because it is moving very positively and in spite of the market uncertainty, it continues to go against the movement of the Mega Caps and has been making higher highs and higher lows.

Price action is comfortably above the 50 and 200 Day MA's too.

There are no changes to this chart since November too, so it is following our impulse gree...

$BEAM

Ran very strong for Wave 3 and pulling back for what I believe to be Wave 4 now and approaching our Wave 4 level now, wait for support to hold before starting a position or adding to your position.

Continues to be above all major moving averages, with a clean breakout above the 200 Day, the 50 Day has also crossed through the 200 Day, which is a bullish signal.

$CP - SAFE HAVEN - HIGH PRIORITY

I am highlighting this again because it is one of the cleanest charts and breakouts that is on the market right now.

This was mainly brought to my attention because I found a correlation amongst a lot of successful investors, they all had large positions in this stock.

This Wave 4 accumulated for 3 years and is now breaking out, as the market weakens.

This is a stock you keep ...

$TMF - WATCHLIST -

The 3 X leveraged 20 - YR Treasury is up 15% since its hold of support between the 0.5 - 0.618 Fib on the 20th of Feb.

If you feel like you have missed out on this already, do not be too concerned, the real moves start coming in when the 200 Day MA is flipped, right now it is at $59.70 and we can see that it rejected at this line in the middle of December '23.....and it was a resistance l...

$AAPL TOP 20

$AAPL is leaking heavily and its been excessive, it has already lost its 0.38 Fib level at $170 now and looks on target to reach its October low at $165, failing to hold here and the next test for support will be at the 0.5 Fib at $161.94.....I believe $AAPL will find support between $170 and $161.94 and then bounce for Wave B.

$ABNB TOP 20

I am like a proud father looking at my golden child perform right now.

$ABNB has not let us down for the last 12 months and continues to move higher but most importantly, continues to behave in strict waves, which makes it easy for us to buy at important levels.

The pull back yesterday holding above the ascending triangle breakout level reassured investors that $ABNB had found a hig...

$AMZN TOP 20

Ok so we have two bearish formations here with $AMZN.

The first one is the ascending red triangle, which broke down yesterday, which is why I sold 20% of my $AMZN holding, losing this triangle meant that the 50 MA on the 1hr chart could not be held either.

Today we also go a rejection getting back above the 50 MA too $175.43.

Today the price also topped out at the horizontal r...

$TSM

$TSM was battling to hold onto the $135 level all day and managed to finish the day at $134.97 which can be considered as a hold of support.

PM is up 2.9% now, back to $138.88, so the bulls did their job yesterday.

$AMD also had a comfortable day and nearly finished flat, it is also up in the PM too.

So both should continue moving together next.

No changes to the traject...

$JD

Trading View are just showing that $JD missed only slightly on both EPS and revenue but I have yet to see the report. The PM has reacted positively so far as it is up +7.8% as of right now.

In terms of R v R, since the price was so close to the IPO level and the 2019 level, as long as there is a growth guidance, this should start moving away from the danger zone.

It desperately need...

$YINN

$YINN is mimicking the HSI exactly now.

Yesterday it got its pull back to the 200 MA for support and managed to hold support on this level at $17.08....it is now bouncing in the PM (+6.5%) as the HSI enjoyed a strong day.

The wild swings like this are due to its leveraged position but remember to focus on the trend and where it is holding support.....so you are looking for higher hi...

$SE TOP 20

$SE continues its surge after having a mixed opening after its earnings report.

It opened and immediately filled its earnings gap above $56 but then left a large gap behind it.....it then proceeded to fill this gap at the opening from its pull back and has continued to take off since....very efficient work.

Up now +2.6% in the PM after having a strong day yesterday +3.4%, on what wa...

$NIO TOP 20

Nice recovery from $NIO yesterday, after going -9% down to finish +2.8% up. It is also up now +1.6% in the PM now after the HSI bounced back today too.

I don't normally talk about candles, as we prefer support levels, Fib levels and EWT to confirm our trends but when a candle like this appears at our support level, it is certainly showing that a form of capitulation happened yesterday and...

$XRPUSD

Rejection trying to get above the $0.66c trend line, as $BTC and $ETH both pulled back after pushing a lot higher throughout the day.

There was support found then on the 200 MA on the 1hr on the pull back, so we will see if $XRP can make another attempt at breaking through this middle resistance line, before attempting the important level at $0.76c.

HSI

Yesterday to start the week we saw a strong pull back when Chinese policy makers announced that their aim for the year would be 5% growth for the economy, a reaction which seemed over the top but the dust settled a bit today and we can see that support was found on the 200 MA on the 1hr chart and bounced back into the bullish channel.

16600 still remains the level to stay above and this w...

SILVER - SAFE HAVEN -

Silver is likely to move with Gold, see it as $ETH to $BTC.

There's a lag here but it will catch up as always.

It has not made its move at all yet and the trigger will be breaking out of this wedge at $24.60 and holding.....a hold here and this can bounce to $30 next.....a breakout here and this is very bullish for Wave 3.

$QQQ TOP 20

Down -2.3% now and broke down from this bearish ascending wedge.

The 50 Day MA is still below at $422 on the previous 0.38 Fib so losing this is the firm confirmation that the market is in a correction here.

For me, unless $NVDA and the Semi guys pull something big out for the remaining part of this week, I can't see this momentum slowing down....a move sideways may be the best case...

$PYPL TOP 20 - REDUCING MY POSITION BY 50%

Another rejection at the 200 Day MA and 50 Day MA today, I am up 11% here so I am reducing my position by 50% here and going to cash with this allocation.

Cash will be on hand to buy back in later when this gets back above the 200 Day MA.

$PYPL remains undervalued but as I highlighted in the TLI chat earlier, $PYPL and $AMZN are my two concerns and if I can reduce my position in $AM...

$DAL - WATCHLIST -

Another large position of mine, which is also green today and strictly following the dimensions of this ascending triangle.

It has tested the $42.70 level now 3 times, each time pulling back and making a higher low, so it is respecting the formation.

It bodes well to me that this is green on a very difficult day for the market.

Again the same brief as $DG. We do not need this ...

$DG - SAFE HAVEN -

I started a position in $DG today because it is a stock we alerted 4 months ago to have the potential of being a safe haven when the market corrects.

Since then it has jumped from $102 to $153 today and continues to move higher in spite of a market wide decline across all sectors.

We particularly liked how it held support on the 0.78 Fib at $107 which aligned with the yellow histori...

$TLT - SAFE HAVEN - TOP PRIORITY -

We are starting to see the blood flow from the market now so you should be protecting yourself this week from harsh declines.

$TLT right now is moving against the market and has broken to the upside through the 200 Day MA, so this is in a prime location to preserve your capital right now. 

Price is also above the 0.5 Fib and it is reasonable to expect that Wave C is complete no...

$SHOP

$SHOP is another casualty thrown to the ABC correction but in line with following the legacy Mega Caps.

Working its way down to the Wave A level at the 0.38 Fib and conveniently the 200 Day MA is there to offer support too, so I expect Wave B to start here.

Again $SHOP is attractive to me at the Wave C level below $57.