The Long Investor

$BABA TOP 20

$BABA has gone below the May low of $77.80 in the PM today so this means that we cannot be in Wave 3 yet, we need to see where support is found before we can set Wave 2, so I have provisionally placed the Subwave C and Wave 2 at the bottom yellow wedge trend line and $73.30 and the 0.78 Fib, this is an area of interest for me if $BABA opens weak again today.

As soon as support is comforta...

$ETHUSD

If you have missed the $BTC run, the $SOL run, $ADA run, it might be worth your attention to watch $ETH as it back tests the bull flag from above at $1850.

I like to see this happen to confirm support at a higher level.

We can also see that the 200 and 50 Day MA is just slightly below the bull flag support line too, so this area is certainly a confluence level to watch.

Catchi...

$SPY TOP 20

I am just looking at possibilities about where we will start getting our pull back, as this Subwave 1 of Wave 5 has been moving vertically.

The white trend line is a strong possibility at $455 for two reasons.

1. Being a clear resistance trend line

2. If we draw Fib levels from the $409 low to $455, where does the 0.618 Fib finish?

Exactly at the 200 Day MA at $427.

$FSR

This is nothing short of brutal from $FSR in terms of their share price lately.

Price action lost our first yellow trend line and shortly approaching our last support line at $2.64. Market Cap has dropped below $1 Billion....with cash on hand of $650 million, this is a lot of cash on hand for the lost valuation.

$FSR now has a short interest of 45%, which is very high and the shorts...

$DIS TOP 20

$DIS has followed through from its bounce after its earnings and has retested the 200 Day MA from above....although not very clear here on the daily chart.

Will this run up to the red trend line before pulling back?....the red line is at $101.50 now so it is within the realms of reasonable possibilities here to expect this after showing so much strength.

Undervalued stocks do not st...

$SOFI

$SOFI has declined more than its sector average today and we can see here that the 200 Day MA was the resistance line on the daily chart and the 50 Day MA is moving down quickly to intersect the 200 Day MA.....this is not a good sign if they cross.

Indications are showing that this will continue to drift down in this channel....the market is a dark red today so it is declining with a lot ...

$MSFT TOP 20

$MSFT is on a mission to take all the money from the market, it has been relentless and massively impressive.

Since Subwave 1 and 2 are in now for Wave 5, we can find the 1.618 Fib for Subwave 3 and it is at $390, meaning that the 2 Fib is at $405, which is the minimum Fib we can expect for Wave 5 to complete, all indications are showing that it is going extended too.

So stick with ...

$BABA TOP 20

Not the blockbuster earnings report and call we were looking for with a number of surprises; delaying their Cloud companies spinoff and Jack Ma's family selling 0.5% of stock in the company.

Although it was an double beat and they have announced that they will pay a dividened, Ex Dec '23 dividend date. Alibaba has now $74.08B in cash or 33% of the market cap, is trading at a free cash flo...

$AMZN TOP 20

$AMZN pulled back at the opening but has recovered almost all of the losses so far.

We can see that this pull back from its Subwave 1 high has only pulled back to the 0.236 Fib, this is not nearly enough of a pull back that we need for Subwave 2 to be complete, especially considering how long Subwave 1 was....so I did not add at the opening and I will continue to wait until I see more. 2023-11-16 17:07:58 +0000 UTC View Post

$NIO TOP 20

Yesterday the bulls tried their best to keep the price above the 200 Day MA on the 1hr chart and they kept knocking on the door of the yellow resistance trend line but could not get above that $8.22 level.

We were hoping for another attempt at it today but the market had other ideas and I suspect the Biden comment yesterday after his meeting with Xi also did not help.

$BABA also rep...

$CRWD

What a success $CWRD has been for us.

Price has run just about to our Wave 5 level at $210 yesterday and then rejected and it is also down in the PM now too to $199.

We need to see more in order to determine that this is the start of the corrective wave but nevertheless, this is where we expected it and that is where we got it.

If the bulls step in or chasers....this could pus...

$CLSK - RC -

$CLSK, like $MARA and $RIOT are all behaving very similar here.

$CLSK is still under its 200 Day MA after holding support on the 0.887 Fib, will need to flip this to support next to be able to progress to our Wave 3 target at the 1.618 Fib at $6.33.

Crypto's continue to show strength and these companies are in strong positions too.....it is unlikely that there will be a disconnect b...

$INTC TOP 20

$INTC has made a new high and keeps pushing higher towards our First Target at $42, it remains to be seen whether or not this will retest the triangle again after getting such a strong clean breakout and making a new high which we spoke about at the weekend.

$42 looks likely soon and $51 is next if the momentum continues.

What a turn around for $INTC.

$ADAUSD

Cardano has just soared past $0.40c and is on track to hit our blue line at $0.42 which we called for 2 and a half weeks ago.

We are up 30% now on our entry just above $0.30c and happy with how this is moving, it hasn't exploded to the lengths that Solana has but it is moving very well.

The pull back over the last few days came back to the 0.38 Fib, which is the typical pull back Fi...

$VICI - RC -

I am leaning towards this count as the price has broken out of its channel to the downside and is still below it 50 and 200 Day MA, while they are also showing a drift downwards too.

Support could be found at the 0.38 Fib which is also the First Target and could bounce back into the channel and take aim at the bull case line at $35 but with a negative beat on their recent earnings, the bu...

$QQQ TOP 20

I am sharing my 5 year projection for the $QQQ.

I have been looking at how well this Subwave 1 has bounced for Wave 5 and it is possible that it can run to between $433 an $450 into Spring next year.....and then we get the ABC correction which will likely last for 12 months and come down to $275 at the 0.618 Fib.

Wave 3 is then next to $650, this will be the important Wave for us to...

$LMND - RC -

$LMND is comfortable in an ABC wave consolidating sideways for nearly 2 years now.

It needs to hold the bottom blue line at $10.28 when it was tested at the end of October and handled this well, a positive earnings helped this bounce up to $18 too.

This could drift back up to the middle blue line again at $24 where I have set Wave C but I am not seeing signs of an impulse wave here ...

$PANW - RC -

$PANW reported their earnings and although it was a double beat, it is down -5.5% in AH trading.

Can anyone see on the chart why a double beat like this would cause a decline?.....apart from it getting close to our Wave 5 target?

Look at the Wave 5 Fib level, it is the dreaded 4.618 Fib, which is the most extended Fib level for any chart......even $LLY and $NVDA who have been smashi...

$ONON - IMPORTANT NOTE ON STOP LOSSES -

How about this for a dump and pump after earnings?

$ONON reported this week and it was a double beat with EPS beating by 40% and a near 50% YoY increase in revenue which is remarkable but at the opening on Tuesday it dropped over -10% to $24....to the 0.887 Fib (support). This was a clear stop loss raid as the price triggered the SL and then bounced immediately, it then climbed to $28 yes...

$JBLU

Pardon the pun here but is $JBLU about to take off?

It has bounced very well on the blue line which was the 2011 low, not even the 2020 covid low and has performed very well.

So far we can only see 3 waves here so we can not rule this out only being a corrective bounce, followed by a further low next, once we see 5 waves, then I can rule this out.

But bulls should be encourage...

$SOFI

$SOFI is just having a little struggle at the 200 Day MA this week and has been met with some resistance.

it is still early in the week so it may be able to break out and flip this to support soon, bulls will be happy to see that this has stayed in the channel too and did not break down.

I still need to see more strength before I can get rid of this current count and start turning b...

$AMZN TOP 20

We are seeing a good move towards an acceptable pull back now today and hopefully this is just the start of it and this moves structurally down to the 0.5 Fib at $132, where the 200 Day MA is.

This would be the area I am most interested in adding at.

Just as a note, the total climb since their earnings report came in so far at 24.37%.....which was around our TOP 20 performance for t...

$BABA TOP 20

$BABA's earnings are out in the morning before the market opens.

It has left a gap behind today to $84 after jumping 3% up at the open today, if the price closes this gap before the earnings, I will look at adding a small bit to my position here.

I am expecting the earnings to be in line or better than their report in August, which was an impressive beat across a number of metrics.<...

$ABNB TOP 20

$ABNB you little beauty.

Fought its heart out at the yellow trend line on the 0.78 Fib and has bounced so well that it burst through the 50 and 200 Day MA's.

Very happy with what I am seeing here and a retest of the 200 Day MA next from above would be even more ideal before going higher.

$ZM

$ZM has been invited to the party....I am seeing more rotation into small-medium cap stocks, especially those with strong fundamentals that have been beaten up over the last few months.

$ZM is one of them.

Price is just testing the 50 Day MA right now so getting above this will be the first test, if this is Subwave 3 bouncing, I have added in the 1.618 Fib at $67 which is very close...

$DXY

Nice rejection at the 0.5 Fib at $106 and has lost the 50 Day MA too, so just the 200 Day MA just slightly lower at $103.65 to negotiate with next to continue this move downwards.

I expect this to continue to fall for the next few months and then it will get a relief rally when the market corrects after Wave 5 completes, so for now, I expect this to move down lower.

$PYPL TOP 20

Interesting here from $PYPL, before yesterday, we got a pull back to the 0.5 Fib and then the rally on a lot of favourable economic data for the finance sector came in yesterday and bounced.

We can see that the 50 Day MA stopped the price going any further, but if we consider that Subwave 1 and Subwave 2 are in now since the price hit the 0.5 Fib and has now made a new higher high.....we ...

$SNOW - RC -

$SNOW's price action has been erratic since its IPO in 2020 and this is typical for companies as they first enter the market. We have seen on a lot of charts, that they enter as a corrective wave until they find their feet. Unfortunately, like many software companies that IPO'd after 2020, they were all overvalued and have declined considerably over the next 2 years after joining.

Since t...

$XBI - RC -

Biotech S&P ETF, has not had a good 2 years and is far from its highs in 2021.....that being said it is close to a strong support line that was found in 2019, 2020 and 2022....so it is crucial that this level is held.

If support is found staying above $61, this can move higher to my Y target at $174 over the next few years.

A number of our members are keen on this sector and do ...

$WBD - RC -

Has had a difficult few years, after the streaming service pump in early 2021, (this is also found on the $PARA chart) it has been declining aggressively since and lost the $16 low from 2020 in early 2022.

$WBD has been spending 2023 consolidating between $10 and $16 and staying below the 50 and 200 Day MA on the weekly chart.

This may continue for awhile so there is no count here b...