The Long Investor

$NIO TOP 20

I am impressed with how the bulls are fighting here and defending the area under $7.38 (in the buy zone) and the low of $7.

Whenever the price action has dipped below $7.38, the bulls have stepped in very aggressively and have started to buy.

This is what we want to see and this is why we have determined this area as the buy zone.

The price is just at the 200 Day MA at the 1hr...

$LCID - RC -

I am not filled with optimism towards $LCID, it currently has a market cap of $9.6 Billion and they continue to disappoint and lower targets, their costs are spiraling out of control and the only things I believe are going for them is their middle eastern investment and that their vehicles are built in the US.

The price action has managed to recapture the bottom of the buy zone here above...

$BA - RC -

It has been almost two months since I've last uploaded $BA and the chart has been moving exactly as expected.

Perfectly following our ABC count, with a bounce now for Wave B, before completing Wave C below $178.

Wave 3 target at $410 remains the same in the next 18 months, as long as the corrective wave we are in now continues to follow our chart.

$COST TOP 20

This is what we like to see here, a possible retest of the bull flag from above here. A solid show of support here and this is a buy signal.

Comfortably above the 50 and 200 Day MA after breaking to the upside of the bullish flag.

I always like to see a retest before going higher, so this could be a stock to watch this week now.

$PLTR TOP 20

I think we will be eliminating one of these impulse waves this week as the price pushes higher to reach Wave 1 beside the Bull Case indicator.

There was some resistance at the $20 level this week but managed to finish the end of the week pushing higher.

I believe Wave 2 is coming next then.

Fundamentals have now been updated for $PLTR and they are now recording a PE of 316 and...

$QQQ TOP 20

$QQQ just held short of making a new high this week, right back to its 1st of July level now, as if none of the heartache happened in the market over the last few months, wiped away in the matter of only 3 weeks, quite impressive.....mainly brought on by a remarkable display by the top Mega Caps.

So it is not a surprise to see the chart looking identical to $AAPL, $AMZN, $AMD, $GOOG and s...

$INTC TOP 20

$INTC has done it, it has put its big boy pants on and took off. It did not need to retest the triangle again, the bulls stepped in and it went vertical.

First target is now hit comfortably, with the second target at $51.

$INTC will need to find more support along the way before going higher and holding at the first target level at $42 would be the perfect place to find it.

$NKE TOP 20

$NKE, nothing to update here for the last few months either, the chart has behaved as expected too and we are see some cooling off here as the price hovers around the 200 Day MA, the ideal scenario here would be a pull back to between the 0.5 and 0.618 Fibs between $99-$96.

A strong hold here and above the yellow trend line and we could be into Wave 3 next, with a more than 50% gain over ...

$GOOG TOP 20

Dream story here for $GOOG, complete over reaction after its earnings drop and has now recovered all of its losses and savvy members would have taken advantage of this perfect chart from the onset.

It is not common to celebrate beautiful charts but I will with $GOOG, it has been remarkable this entire year and that Wave 4 flush was amazing to watch unfold....I had no idea how it was going...

$F TOP 20

$F is tapping on the $10.60 level again during the week and managed to hold its previous low level too.

$F needs more of this and crucially needs to break above this resistance level before it becomes rock solid and the only other direction to go is down to the white Fib levels to try and find support there.

It is not over for the bulls yet.

There has been some movement into c...

$DIS TOP 20

It has been a great Inverse Head & Shoulders, it has been a great bounce on the Covid Low Line and a great bounce on the bottom limits of our buy zone.

Price has bounced from $78 to $94 now....breaking through all resistance levels as well.

It appears that the price is heading straight for the red trend line again at $104, I can not see how it breaks above this level without a p...

$MSFT TOP 20

$MSFT continues to be the best behaved Mega Cap stock so far, the only one from our extended charts that has logged a Subwave 2 count and is moving up consistent with a Subwave 3 right now.

Subwave 3 level as always is set at the 1.618 Fib and this sits at $390 now and this is where we would ideally like to see a pull back for Subwave 4.

I fully expect $MSFT to extend into subwave 5...

$TSLA TOP 20

Finished the week above the 200 Day MA and below the 50 Day MA, it showed some positive movement at the start of the week while the other Mega Caps pushed higher too with lower than expected inflation figures.

The price needs to stay above the 200 Day MA to continue up this subwave impulse wave now.

We will see how this opens tomorrow as there are no other changes to this chart from...

$SE TOP 20

We spoke at length about $SE post earnings this week....it needed a squeaky clean report and it missed on its earnings by 50%....this did not go down well and the price dropped at the opening and left another gap behind post earnings to $46.

$SE is likely to retest the low again which was made in August and Sept and we need to see a triple bottom here.

Holding above this level would...

$SPY TOP 20

Very interesting chart here too for a number of reasons.

It still keeps pushing higher and we have not experienced any real pull backs here and nothing worthy of a Subwave 2.

So I have added in the white Fib levels here incase of a pull back and they are all at important levels.

But also, there is a gap to $441, which would bring this down to the yellow trend line too, which i...

$PYPL TOP 20

My eyes are firmly on $PYPL this week coming.

The price action just finished below the 50 Day MA on the daily chart but on the 1hr chart, the price is above both the 50 and 200 Day MA, so in the short term at least, the momentum is on the side of $PYPL to the upside.

But we need to see a new high made here above $58.55, because at the moment we can only see 3 waves since the bounce ...

$BTC TOP 20

Consolidation sideways here without losing any momentum, I am starting to see a triangle being formed here moving sideways too, which could mean that we have one more leg up to our Subwave 3 target just above $40k.

I have not been adding $BTC but I have added $ADA and it and a lot of cryptos have been benefiting from the positive moves in this market, led by Bitcoin.

$BABA TOP 20

Not the week we wanted for $BABA, few surprises and although the report is recorded as a double beat, there was many positives but also enough to startle the market......for me, this is presenting a good opportunity and I can not ignore the fundamentals here.

The difference between EPS growth and share price decline has been its largest in its history and these two normally track each oth...

$AMZN TOP 20

I must have an attraction to the letter A. $AMZN, $AMD, $ABNB and $ADAUSD are all my very profitable positions right now and they are all looking like each other too (with the slight exception of $ABNB which is not looking extended)

$AMZN has pulled back to the 0.236 Fib and although it is a start, it is not a big pull back and I can only see 2 waves in this pull back so far, if this was ...

$AMD TOP 20

$AMD is looking slightly better than the $AAPL bounce but still needs a more substantial pull back before going higher I believe.

Either way, Wave 1 is still in its original position which is at the June high and if I have to wait until Wave 2 comes in to add to my position, I am ok with that too.

A lot of chatter around AI and Chips this weekend with Sam Altman revealing that he wa...

$ABNB TOP 20

I am happy to add in the subwaves here, as the price has been moving well in a structured manner.

The pull back for subwave 4 has held so far above the 200 Day MA too which is also the 0.38 Fib, so I would like to see the price hold at this level now and then move higher.

This week was important to see a bounce away from the yellow trend line and that is what we got and getting abov...

$AAPL TOP 20

$AAPL unlike $MSFT has had no pullback whatsoever since bouncing on the 0.618 Fib at $164 and keeps drifting higher....I'd be lying if I said I wasn't a little uneasy looking at this.

We can see that Wave 1 from the very start of 2023, behaved almost exactly the same and then Wave 2 pulled back to the 0.38 Fib.

All we can do here is sit and wait for the pull back to come, not a bad ...

$HSI - RC -

Hang Send Index, at a very important junction here. The price is just sitting on the yellow historical trend line which has been in place since 1990 and shows how strong this channel has been over the last 23 years.

However, the price is also just below our blue line which was a support line since 2007 and the price looks to be testing this line from below here.....bulls will want to flip...

$CSCO - RC -

Aggressive drop after the earnings report on Weds, which was also a double beat.

Price is just at the 0.618 Fib now and has so far held.

I still give this room to come down to the 0.78 Fib, which it pulled back to in late 2022 before bouncing.

Losing the yellow trend line would not be a good look for $CSCO and or it is at risk of coming all the way down to our First Target at ...

$XLE - RC -

At an important point now, fighting to stay on the trend line and at the 200 Day MA, if this trend line is lost and gets rejected trying to get back above it, this could be the start of the corrective ABC count and start to move down, initially to Wave A at the 0.38 Fib at $66.64.

Staying above the trend line and it can move higher to our Wave 5 target at $115.

$ZM

Earnings on Monday probably accounts for the positive move since it found support on the blue line at $59.

Still the 50 Day MA to get over first and then the big one, the 1.618 Fib at the yellow trend line which has been a torn in $ZM's side this year.

Price is at $67.98 right now, a flip of this level to support and bulls would be back in control......this goes without saying that ...

$GPS

Up 30% today post earnings, after smashing their report.

Let's remind ourselves of the big picture here, my ABC structure has not changed and this could move up to $38 within 12 months.

We have been counting an impulse wave here but this Subwave 5 has gone parabolic now so we need to wait for this to settle and then add in the Wave 2 pull back.....but watching for the 50 or 200 Day ...

$ONON

$ONON, I am watching this trend line as the price tests this level today, a break out here and the price is showing a very positive sign of a reversal and we are into Subwave 3 now and I expect a move up to the 1.618 Fib at $33 over the next few weeks then.

I am in Tokyo right now and these shoes are everywhere and very popular, certainly more shops here than in Europe.

I also like ...

$LULU

$LULU keeps pushing higher and it has found support on the 50 Day MA on the 1hr chart, making a higher low too.

I think we are comfortably in Subwave 3 of Wave 3 now and this will continue higher for the next few months as projected.

$PFE

No changes to the chart here for $PFE, it still hasn't managed to find support and it is still in this very strict descending wedge that has been in place since mid 2022.

There is nothing quite like this formation in the S&P 500 right now that we can see.

Bill Gates reported recently that he has started a position in $PFE, after originally buying in just before the pandemic and ...