The Long Investor

$DIS TOP 20

Lets remind ourselves about how well this looks here.....

Let's break it down:

Subwave 4 held the 0.38 Fib - Perfect

and bounced

small subwave 2 then pulled back to 0.618 Fib at $91, where the 200 Day MA on the 1hr chart was also waiting and has bounced.

And is now above the 50 Day MA after yesterday's positive market day.

Holders who are already in $DIS part...

$ADAUSD

$ADA has a lot of strength in it and does not look like it is in its ABC corrective Wave yet and after breaking out of its large wedge, it has made a new high and hit our Third Target, if there is a retest of the Second Target level at $0.62c and holds, then we could see a positive move up to the Fourth Target at $0.72c.

You need to follow this yourself, I will upload this when I can but ...

$UPST

$UPST got the blue line break out today and has already jumped 100% since our Wave C bottom at $20.

Like I have said before, this is high risk, high reward but there is no denying how the chart is looking here....especially if the price can hold above the blue line at $37.

I know a lot of our members are in on this....we'll keep an eye on it, as long as higher lows are found, it is ...

$AMZN TOP 20

$AMZN has got the breakout from this wedge that we uploaded last weekend, since this was looking bullish, the plan was to add $GOOG if they could hold their 0.618 Fib at $133 as this had pulled back sufficiently....both situations played out, $AMZN broke out and $GOOG held its level and is also showing signs of bouncing now.

$AMZN has been a fantastic earner this year for us and I am happ...

$PYPL TOP 20

Well that worked out very well for us.

The bullish ascending wedge delivered when the settings were right.

PPI came in negative, CPI came in as estimated, the Fed did not change their rates and the 10 Year dropped hard...which meant that $PYPL was only going one direction, especially in an ascending triangle.

I alerted in the group yesterday that a break above $60.40 was our t...

TLT

Like the US 10 Year aboUT to hit the 200 Day MA from above, TLT is about to hit the 200 Day MA from below.

I suspect when they both hit their respective 200 Day MA, there will be a relief bounce for the 10 Year and a pull back here for TLT.

i have added in the white fib levels to show where support is, the 50 Day MA is moving up from the 0.618 Fib now so this is worth watching for a...

$TSLA TOP 20

$TSLA is struggling today on some bad news that there will be a 2 million car recall due to their AP function causing too many near misses....I do not know the full details or if it is just a software recall either but the share price is feeling it today.

Subwave 4 can come down to the red line which saves it from infringing on Wave 2.....and the 200 Day MA is also sitting there waiting f...

$NIO TOP 20

The price action for the second half of yesterday and today has been that of weakness and there is a battle going on right now.....for one, to keep the price on the upside of the wedge, because failing to hold this line and $7 will be tested again and with this sort of weakness, I am not sure if $7 will hold.

Below $7 would cause a lot of pain and could trigger many people to sell, retail...

$PLTR TOP 20

Watching the rejection at the 50 Day MA today on the daily chart. Not a good sign for the bulls but a good sign for us who are looking to add when Wave 2 completes.

If this is a firm rejection of the 50 Day MA from below, we could see a move down to the 0.38 Fib next at $15.88.

Bulls will need to try and recapture this level to save this decline.

$JBLU

Nice work here from $JBLU, Wave 3 stopping out at the 1.618 Fib which is the standard Fib level for Wave 3 and pulling back comfortably today.

So for Wave 4's we look for support on the 0.38 Fib as always too....This will also correspond to holding support on the yellow tend line too, so let's watch for a hold of support at $4.93....failure to hold here and we watch for the 0.5 Fib at $4....

$COST TOP 20

$COST is going parabolic into earnings after the close today. It is also running to our Wave 3 level at $640.

Looking like a classic case of buy the rumour, sell the news event.

I don't expect earnings to be bad but in line or slightly better but I am still expecting a pull back for Wave 4 next once the dust settles post earnings.

If you can get $COST at our First Target level...

$ZM

With $ZM leaving the Nasdaq 100 yesterday and hitting the 3 Fib exactly at $73.80, this is likely the top for Wave 5 and we are in the middle of Wave A in the pull back now.

$ZM broke sufficiently higher enough above the channel that the pull back can come down to 0.5 Fib to complete Wave C and not break back down into the channel.

This is what we will be watching.

A hold at o...

$GOOG TOP 20

So we added $GOOG yesterday on the 0.618 Fib level at $133, the price has tested this level a number of times yesterday and so far today.

We want to see this position held.

The 50 and 200 Day MA on the 1hr chart are just slightly above so a clean break above $134.50 and and we could be looking at moving up for Subwave 3 next.

JPM raised their PT to $160 which is a fair target,...

$XBI - RC -

No changes to the chart here but it is worth looking at this again.

I think Biotech gets its new awakening soon after pulling back substantially since 2021.

It has been able to consolidate side ways since mid 2022 and broke down from this bear channel, held the 0.887 Fib and bounced very well.

Needs to keep pushing outside of this channel to turn bullish for me, so above $87.<...

$SOXX ETF - RC -

Still baffles my mind that Burry would short this sector.....take a stab at $NVDA only but taking on a sector that has been climbing with the market all year.....and arguably is the market is bonkers to me.

Semi's and Ai have saved the market this year.

In Wave 5 now like the Mega Caps, looking like pushing higher too without any strong pull backs either.

We normally set Wave ...

$ADAUSD

I'm liking it folks.

Larger wedge forming here, this is what we wanted to see after the strong bounce on the First Target yesterday, it didn't go above the Second target but instead, consolidated sideways in this large wedge.....so we will watch for the break out of the wedge around $0.59, a break out and hold on the outside....then we have our buy signal.

$CHWY - RC -

$CHWY is fighting for its survival on its All Time Low line here and well below its IPO price from 2019. There is a little bit of hope as a double bottom here on the bottom blue line and bulls needs to see some strength now with a series of higher highs and higher lows next to get out of this situation.

I have looked at the fundamentals and the big red flags are the HIGH PE RATIOS and FWD...

$SWK - RC -

I am not seeing any change to my count here, price has been consolidating in this bear channel for the last 14 months and it looks like a structured Wave 4 too and I can not see a Wave 5 either, so I will continue with my projection that Wave 5 needs to come in next before this gets a bounce for Wave B.

A break outside of the channel and we will reassess but this chart has not needed an u...

$VFC - RC -

It has been a long time since we last uploaded this chart and the price has come down to the bear case and holding in between the 1.27 - 1.414 Fibs right now, having broken out of the downward channel and consolidating sideways now.

The price is still under the 200 Day MA for now and testing it from below.....only when the price has broken above this resistance can we consider the impulse...

$BTCUSD

The reason we have been able to chart $BTC so accurately and many of the cryptos is mainly down to how strict and structured their movement has been.....and by this I mean, moving in waves that follow Fib resistance and support levels.

In May, we can see that Wave 2 held the 0.38 Fib exactly and bounced, in Sept, Subwave 2 pulled back to the 0.38 Fib exactly too and bounced...so we will b...

GOLD - SAFE HAVEN -

Gold broke above the resistance level at $2080 last week in an explosive move for Gold but did not manage to stay above this level.

If it stayed above this level, it would mean that the market was moving a lot faster than expected into a danger territory, as Gold is seen as a safe haven when the market is behaving weak.

We don't anticipate this happening until early next year....but...

$ETHUSD

I am watching $ETH closely and like the pull back here, so far it is holding support at the previous high in April and just sitting above this level.

The 50 Day MA is also coming up quickly to this level too as a further show of support.

Remember, $ETH is lagging behind $BTC but eventually it will catch up I believe.

No changes to the chart, targets remain as shown.

$SKX

$SKX has got its break out and a new 52 Week high.

We have been following this for the last few months and have been very bullish on this since $45 and it has been moving good and handled the market Wave 4 pull back very well , finding support of the 0.38 Fib and the 200 Day MA.

Wave 3 as always is set at the 1.618 Fib, this is a slow mover but moves very strong.

$RIVN - RC -

$RIVN has retested the 200 Day MA from above today and has so far held above this level.

There are bullish signals here:

Above the 200 Day, held support on our blue line and the 0.78 fib at $15.

Showing 3 waves down completed 

And making higher highs and higher lows.

Bulls need to follow through with this hold above the 200 Day MA now and move to the upside. 2023-12-12 17:31:07 +0000 UTC View Post

$LUV

Airline stocks are running hard at the moment too and I am delighted to see this.

$JBLU has run the strongest and up over 55% since its early Nov low but $LUV is closeby.

The price action has broken out of the long bearish channel and is about to test the 200 Day MA now, I would like to see some resistance here and a pull back to the channel again for Subwave 2, this may not happen ...

$DIS TOP 20

I want watching this $DIS pull back now as a potential Subwave 2 of Wave 5 here.

The 200 Day MA is moving up to the 0.618 Fib too at $91.30 so we could get support at this level and then it bounces for Subwave 3 of Wave 5 next.

I have been really impressed with how the price action pulled back to the 0.38 Fib for Wave 4 so as long as this discipline continues, price should continue ...

$GOOG - I have started a position.

I have started a position (my First position)

Not a buy alert.

All your buys and sells are your own responsibility, I have my strategy and you have yours.

You do not need to follow my strategy.

$FSR

Pulled back yesterday and so far it is holding between the 0.618 Fib and the 0.78 Fib, this is where we want this to hold now

Which means it has made a higher low.

The next bullish indicator will be getting back above the yellow trend line at $1.70 and holding above this level.

If this level now is not held, we are back down to test the blue line again at $1.40

$FSR - INSTITUTIONAL OWNERSHIP -

$FSR institutional ownership has been increasing as $FSR's share price has declined over the last few weeks.  A record high ownership v a record low share price. 

Look how institutions ...

US 10 YEAR

Nice drop this morning after bouncing in 3 waves again.

This pull back now could eventually bring this down to the 200 Day MA at close to 4% which would further help the finance sector and give $PYPL the pop it needs to move higher.

CPI will be out today, consensus on Wall Street is showing 3.1% report.....no surprises or lower than expected and the market reacts very positive.