The Long Investor

$RIVN

It is getting very very interesting here on the $RIVN chart.

The price continues to knock on the 200 Day MA level after holding our blue support line and the 0.78 Fib at $15.

The more it knocks, the weaker the resistance becomes....is the saying.

This is a strong confluence level here now too as the 50 and 200 Day MA are both at the same spot, so a break out here and a retest ...

$SBUX

I am seeing online that a lot of people are surprised to see $SBUX have 12 red days in a row here, something that has not been seen since the start of 2022.

But we can see that it is merited because, when it broke out of the wedge in the middle of November, it pulled back for a retest, it was unsuccessful and dropped back into the wedge and lost the 200 Day MA next....this would trigger a...

$JBLU

I like what I am seeing here from $JBLU, red day as it retests the first target level again $4.60, but it continues to push higher and making a higher high and higher low, the price is also comfortably above the 50 Day MA now too.

I also like how the subwaves are moving here too and the positive momentum behind airlines stocks right now....leading into the busiest time of the year for air...

$CVS

Broke out of its wedge today and is testing the 200 Day MA now on the daily chart.

This is on the strength of $CVS announcing an upbeat Revenue Guidance and increasing their dividend payment too.

Just above the 200 Day MA is the 0.65 Fib at $72.60 and our blue line, so getting back above this level will be a good sign and showing that the trend is to the upside again....this will al...

$TLT

In a V shape recovery here since bouncing on our blue line, it keeps pushing higher towards its 200 Day MA at $97.65, I suspect there will be some resistance here before it can move higher.

No changes to our Wave C target at $110 over the next 6 months.

$BABA TOP 20

This is what I am waiting for with $BABA, to see if it will test the 0.78 Fib at $71, so far it is in a strict channel down here to this level so I am making no moves here until I see a retest or a breakout of this channel....there is no rush here, lets be greedy for confirmation because we do not want this to lose the $71 level.

The market may also need to digest the downgrade to the Chi...

$ZM

$ZM is battling hard to stay above the yellow trend line at $67.50 now, which it had struggled to stay above for 2023. We were expecting a pull back at subwave 3, so a retest of the trend line is a normal move here....we want it to hold this level tho. 

The market will not get fully back into $ZM unless it can stay above this trend line and get out of this long channel.

If we c...

$PYPL TOP 20

I am watching to see if $PYPL can hold support on its 50 Day MA on the 1hr chart and then bounce again, if not I will be looking for the yellow trend line as a potential support level instead.

There has not been any aggressive moves from $PYPL yet, unlike what happened with $SQ, so we will continue to wait.

I have been contemplating adding more $PYPL but it is now 20% of my total al...

$DIS TOP 20

Inching closer and closer to its 0.38 Fib level at $89 which is our Wave 4 level, sellers appear to be losing steam so it may attract buyers in again that are happy with this pull back.

The 0.38 Fib will be a strong area of interest too and we can see that 200 Day MA is moving up to this level too as a further show of support.

If you are keen on $DIS, watch for support here.

$COST TOP 20

Is $COST the chart of the year?

For the while of 2023 it has not put a foot wrong and moved in a very slow and controlled manner.

Even this week we saw a retest of the First Target level and bounce and has now made a new high, fully on track to hit our Wave 3 target.

This is what we can do here and this is how we make money, following charts like this that offer no surprises.<...

$BTC TOP 20

Subwave 3 level has now been hit at $42k and on time.

Very nice movement from Bitcoin over the last few months and I have certainly been warming to Crypto since seeing how well their charts have been moving. 

The parabolic moves that used to be associated with Crypto are not as common and are left to the Alt Coins.....I steer away from these charts, they are too volatile and at...

$ABNB TOP 20

$ABNB appears to be forming a smaller bullish flag again here, I will keep an eye on it but it suggest that a break out to the upside will be next for one more leg up before we get our pull back.

Moving very well and in a comfortable structure here so I am happy to just sit and watch this move and take no action.

I have not considered selling anything here to buy in lower but I may ...

$NIO TOP 20

So this is the same chart I uploaded yesterday, showing the implied move if the earnings were good and had no surprises......the price has jumped exactly to the First Target level, ($0.04cent off....I must try harder ha)

The price has come back to test the 200 Day MA at $7.50 so far and has held and bouncing again.

So far I am very happy with what I am seeing and very happy with...

$ADAUSD

Look at this for beauty.

I have enjoyed walking you through this formation, from the 200 Day MA breakout, to forming a bullish wedge, to the wedge breakout, a retest of the wedge and now the aggressive bounce.

This has all been textbook for $ADA and this is why I bought and have been adding because when a chart moves in such a controlled manner like this, we can take full advantage ...

$ETHUSD

$ETH should be on your watch list if you are a fan of cryptos, it has broken above important resistance levels and could run aggressively shortly in its Wave 3....$BTC and $SOL have already run and $ADA may be about to run aggressively too.

Wave 3 target is at $2956 and structurally, this is looking very strong.

$BTC is up 146% in 1 year

$ETH is up 77% in 1 year

Remember...

$COIN - RC -

$COIN was going to run when crypto ran and the market is seeing an influx of more traders/investors over the last few weeks as people start flooding back into the market.....also a sign of chasing too.

$COIN is also looking very similar to our $CLSK chart too.

The aggressive bounce right now is typical of Wave 3, so this could continue its run as high as the 1.618 Fib at $181.....it...

$CLSK

$CLSK is really enjoying itself out there now and in its Subwave 3 of Wave 3 right now and this is why it is going so aggressive....this is the only time I accept parabolic moves like this as a good thing.

We can see that the price action keeps going higher into extended Fib levels, I do not think this is sustainable for too long and would like to see a pull back for Subwave 4 shortly bef...

$QQQ TOP 20

I will rotate between the $SPY and $QQQ most mornings so we get a good look at how the market is moving daily, I think this will prepare us for the day ahead and for any important news or announcements that may affect the market on that day.

A lot of the Mega Caps pulled back today, which was a great start to the week, $AAPL was down 0.95% for the day and the $QQQ was down 0.93%.....and a...

$META - RC -

$META has been pulling back since Zuck has been selling.

$META was beautiful down at $87 when we called the bottom last year but I do not like it here.

I think $META needs to pull back a lot more, to the white fibs at $216 at least to make this attractive to me.

I just do not like their revenue streams compared to the other Mega Caps, that is only my opinion, I know a lot of m...

$IWM

$SPY and $QQQ down, $IWM up, this is showing that rotation is in full swing and we are happy to see this, as the money stays in the market but is starting to bring up those stocks that have been beaten up over the last few months.

Comfortably above the 50 and 200 Day MA here and on track to continue moving higher to test the blue line at $199.

That 0.5 Fib at $170 has been stronghol...

$AMZN TOP 20

Finally seeing a gradual move now to the downside, $AMZN remains my largest position and I am eager to add to it but only at the right price, I rarely bend my rules when it comes to my entry point, regardless of how much I like the stock.

Approaching the 0.236 Fib at $142 and losing this level could mean a faster move down, like we saw on the $GOOG chart, this is what we want to see next,...

$FSR

$FSR is experiencing some volatility lately and any strong bounces are being met with some harsh selling.

My blue line at $1.40 remains the 'potential bottom' (which is very difficult to say at this stage).

I think in order for this to really start reversing, they need a catalyst and they are long time away from their next earnings.

I am seeing everything I need to see in term...

$ONON

$ONON continues to look strong here and I am not surprised to see this turning green now while many stocks are red today.

Again this stock is in Wave 3 and the target remains the same at the 1.618 Fib at $33.50.

Since the trend breakout, it continues to make higher highs and higher lows, finding support on the 50 Day MA on the 1hr chart too.

Very happy with the movement and co...

$MARA

Hang this piece of art up on your wall.

We walked you through every step of this and it ran like clockwork, I am delighted for those that got in on this early and caught these gains.

Price is in Wave 3 so we will watch to see which Fib level it hits for resistance before pulling back for Wave 4, it is just at our Wave 3 level now.

I think our top blue line will be hit again sh...

$MSFT TOP 20

$MSFT is pulling back very well here and we can clearly see the confluence level happening here on the chart.

The price is moving to the 0.38 Fib (which is the perfect area to pull back for a wave 4) and the 200 Day MA is just moving up to this level too. So a hold here and this could be a good spot to add to catch the next move up.

But only if support is found, if it does not hold,...

$JBLU

Jet Blue moving well today on the strength of Alaska paying well over the current value of Hawaiian Airlines.....the market is speculating now that Jetblue could be the target for other carriers if there is more consolidation and I think the Big 3 would be absolutely foolish not to be considering $JBLU at this level, especially $DAL and $AAL with a strong presence with $JBLU in JFK airport........

$NIO TOP 20

Another day where the market is relatively red and $NIO has been holding green, the chart is showing a very tight wedge now leading into earnings tomorrow, the report will be out before the market opens, so any speculative buys or sells will happen today....there were more rumours circulating last night that $NIO was about to drop something before their earnings and only snippets have been drop...

$SPY TOP 20

I believe that the $SPY has been able to hold up extraordinary well this week because although some of the Mega Caps slowed down and pulled back, the rotation transferred into Large Caps in the S&P that had not moved yet in November, $ABNB and $PYPL being two perfect examples.

This encouraged new buyers into the market to take advantage of these stocks that were starting their run. 2023-12-03 19:48:18 +0000 UTC View Post

$QQQ TOP 20

$QQQ is almost identical to $AAPL and $AMZN here and we expect the same from $QQQ too.

We always maintain, $AAPL holds the key to the market, when it is ready to pull back, the $QQQ will likely follow.

The bull flag trend line is meeting the 50 Day MA at the 0.5 Fib right now, this would be a strong confluence level if the $QQQ does decide to pull back over the next week or so.

$TSLA TOP 20

$TSLA was not able to follow through after breaking out of its wedge last week.....this seemed to happen directly after Elon's comment this week to the legacy media outlets who stopped advertising on X. 

That being said, the structure has not broken down, Wave 4 did not infringe upon Wave 2, the price also managed to hold at the 50 Day MA to end the week too. I added in the short red...