The Long Investor

$XRP - RC -

No changes to our $XRP chart, the short squeeze in July has not done this chart any favours and has made the price action look a little erratic here and the price is back in the channel and moving as though the squeeze never even happened.

$XRP does not look as strong as $BTC but it is still moving in the right direction and making higher highs and higher lows.

A break out of the ch...

$OXY

$OXY is at a confluence level now, it is right now holding at the 200 Day MA and the 0.618 Fib on the daily chart, and we can also see an inverse head a shoulders pattern formed since the middle of Sept.

$OXY looks like the only company I am considering adding at the minute but would feel more comfortable adding once this gets above the yellow trend line at $66.

$OXY is an energy st...

$MSCI - RC -

$MSCI is right on the trend line that has been in place since 2019.

We can see that the price has hit this level 6 times and it is testing the level again right now.

Bulls will want this level to hold, failure to hold here and there could be a large drop and I have added the bear case targets too.

A hold of support on the trend and a break out to the upside and this is into th...

$MCD

$MCD has just reported and they have beat expectations on both fronts:

Revenue $6.69B, vs. Street Est of $6.55B.

This is in line with our projection and compliments our chart which shows that support was found on the middle trend line in this channel.

$MCD is not going to make you a fortune over the next year but if it can stay on this trajectory, it can move up to $340 by mid...

$AFRM - RC -

Another finance company under severe pressure, $AFRM once had a high as $175, as people believed in the buy now and pay later model but when the banking sector started to take a turn, this was regarded as very high risk and many believed that people would simply borrow and never pay back....and just go into further debt. This caused the share price to sink all the way down to a low of $8.

$CVNA - RC -

EW Theory has its critics and sometimes it is justified but then when you can see what it can do, it sometimes blows you away!....$CVNA chart here being the perfect example.

I have added in the previous chart too to show just how accurate it is.

Those who are here long enough will remember that we showed this running from $7 all the way to $50 at the start of the year, a 600%+ plus ...

$MARA - RC -

$MARA started last week moving very well and tested the 200 Day MA, which it had lost in the middle of Sept......and then they announced to the market that they had filled for a mixed shelf offering of $750 million, which is to be used for capital expenditure and 'general corporate expenses' a line that I never like to see......for me an offering should be about growth only.

Thee timing o...

$NIO TOP 20

The start of a new week and the start of a new month on Weds and it can't start quick enough!

Production numbers will be out on Weds too for the month of October and we need no surprises, $NIO can not afford to put a foot wrong from here.

$NIO hit the $7.38 line on Friday and bounced and has held above this line to finish the week, we can see since May that there is support along th...

$QQQ TOP 20

$QQQ is also at an important confluence level, the price is very close to the 0.38 Fib, which is the perfect pull back level for Wave 4 which happens to be exactly at the 200 Day MA, to the dollar!!

And we have an important earnings report this week from the $QQQ leader $AAPL.

Sometimes charts can be incredibly coincidental and this is one of those scenarios.

It goes without s...

$BTC TOP 20

I will let the chart here do most the talking.

As this chart has not been touched in months, nobody expected this agressive run and even our own criticism about $BTC we just let the chart do the talking and guide us.

Sometimes its best to do this to keep emotions out of it.

$BTC has been answering the questions so far, it is behaving like a safe haven and doing the opposite to...

$TSLA TOP 20

$TSLA has an uneventful week, as the price did very little as the other Mega Caps stole the show and reported.

The price is still around the 0.618 Fib but still below the 200 Day MA.

I believe $TSLA is still in the same camp as $AAPL and the $SPY, they need to bounce this week to show strength.

That being said, I would rather be holding $AAPL and the other Mega Caps than $TSLA...

$SE TOP 20

Finished the week at $40 and the 0.618 Fib is just above at $40.10 and our blue line is at $40.60.

I would have liked to see the price hold above this blue line but let's see how it opens tomorrow.

It too is on a knife edge and bulls need to step and and this is the time to do, whether they do it or not is the next thing.

The 50 Day MA is also at the price now too, so this is ...

$PYPL TOP 20 - IMPORTANT NOTE -

Finance and banking stocks are getting killed at the moment and they are damaging the market, across the board, across all finance related stocks there is massive declines.

$PYPL is at $50 right now, I have an average of $56, I am very happy with this average, I would of course like to be green here but the vast majority of people holding $PYPL, including institutions are holding this abo...

$PLTR TOP 20

Bear flag break down this week and below the 50 Day MA too. The 200 Day MA is also very close to our projected Wave 2 level as well.

A new lower low here would be below $13.72 level and will likely bring this down the the 0.5 Fib next at $13, which is at the top level of where we have been looking to add for the last few months.

The NHS contract has still not been announced and we a...

$NKE TOP 20

Wave 1 could be complete now and we can see that $NKE has started a pull back and sitting on the 50 Day MA now, a lot is riding on this pull back and what the bulls want to see is that this holds on the yellow line next in this pull back, a hold here and this is a strong statement of support.

$NKE is a stock I am observing right now and not a priority to add while the market is this delic...

$MSFT TOP 20

What did we say in $MSFT's last chart? that we now see 5 small waves up for Subwave 1 and expect a pull back for Subwave 2 and like clockwork, that is what we have seen.

$MSFT is not showing any bearish characteristics and one of the main reasons I believe we still get a rally next.

The price is not only comfortably above the 200 Day MA, it is also sitting above the 50 Day MA here t...

$GOOG TOP 20

Tough week for $GOOG, even with the double beat impressively from their report, the market got fixated on their Cloud margins and dropped this heavily.....but we know better here, this pull back was well overdue and has fitted perfectly into our Wave 4 projection .

We can also see that the 0.38 Fib has not been touched yet which is the typical level for a Wave 4 pull back and above the 20...

$DIS TOP 20

Very little to report here and I uploaded this again towards the end of last week.

We can see that the price has dropped back into the wedge again and about to test the Covid low line again at the blue line.

$DIS needs the market to recover soon, losing the blue line and this could come all the way down to the red trend line in the low $70's.

$COST TOP 20

A rare moment of weakness for $COST this week as it hit the channel yellow line for a third time and rejected, with a triple top.

It is no longer in an ascending triangle but in a channel now but still very comfortable above its 200 Day MA.

I am still leaning on this being bullish and it is a company that should do very well in a downturn and pays a dividend.

$BABA TOP 20

$BABA has unconfirmed earnings report dates, so they could report this Friday or the following week.

I would like them to report sooner rather than later.

They had a good finish to the week by bouncing away from the red bear case line at the lows they hit in June.

It could possibly still come down next week to test this low again and come as low as the yellow trend line and th...

$AMZN TOP 20

Before the earnings dropped on Thursday, I showed what a potential bounce we could get with a strong beat on earnings and like clockwork, the price reacted accordingly.

Across the board $AMZN did incredibly well and like I said before, their net margins impressed me the most.

I feel that if $AMZN comes down with the market from here, this is simply one of the best opportunities avai...

$AMD TOP 20

$INTC reported on Thursday and beat on both fronts and the market really enjoyed it, up around 10% for the day then on Friday.

I am expecting $AMD to beat this week too on Weds after the close.

Our concern is that the price did not hold above the 200 Day MA and on the outside of the bullish descending wedge, if it held, then we would be very happy with this but it has shown weakness...

$ABNB TOP 20

I am a fan of $ABNB and I like it as a long term hold but I do see the concerns here on the chart, it is below the 200 Day MA and it did get a green wick up to test the 200 Day MA from below and it got rejected.

The price is also moving down the Fib levels now, desperately looking for support.

Final Fib support line is at $109. Below the blue line at $108 and we are into danger terr...

$AAPL TOP 20

Big week for $AAPL this week, reporting earnings on Thursday after the close and no doubt they will feel that their weight of the market will be on their shoulders yet again.

It did not have a good week and also lost its 200 Day MA and went down to 0.618 Fib before bouncing a little on Friday but we can also see that it got very close to the top of the yellow trend line that was acting as...

$SPY TOP 20 - VERY IMPORTANT NOTE IN BOLD -

Ok I think everyone is aware that the market is quite literally on a knife edge right now, in my previous chart I explain that the $SPX is a more accurate representation of the market and the $SPY is an ETF and for this reason, there is a small margin of error between the both of them, so to mitigate the difference, I have set $409 as the invalid level of the impulse wave.

So I have added...

$SPX - IMPORTANT -

There was an observation made to me last night that I think is worth considering.

It is the smallest of margins but regardless it is valid.

We use the $SPY which is an ETF to track the S&P 500 index because a lot of our members buy the $SPY but the main index is the SPX S&P 500 INDEX.

And for whatever reason, they are not exactly in sync, as in 4000 on the SPX is suppo...

$ADAUSD

Will we start seeing people move their money into crypto if the market starts selling? lets see.

Crypto has been in a long winter and $BTC has been leading a resurgence but it is still early days.

$ADA is above its 50 Day MA now and about to test its 200 Day MA at $0.30c

A break above here with mean it is above the 50 and 200 Day, a contrast to many stocks right now.

A b...

$DRV

Turns out this has been a very good hedge against the market but I think only a handful of our members have bought this and I haven't bought it either because it is 3 X leveraged.

But it has been moving extremely well through our projection and held at the blue line comfortably and bounced aggressively with a declining market.

This has likely got more to go.

Disclaimer, always...

$JPM

$JPM lost its 200 Day MA this week and CEO Jamie Dimon announces today that he'll be selling $120 million worth of $JPM stock this year......I suspect he will be selling it very soon if $JPM continues this trajectory.

$BAC is tanking and many finance stocks are in trouble and when $JPM lost the 200 Day MA this week, it was certainly a red flag to me that things were taking a turn for the ...

$SQQQ

Short $QQQ is not looking bullish itself and is in a bearish channel now.

The $QQQ and $SPY are also looking very different from each other.

The $SPY has infringed on Wave 1 today but the $QQQ is still above its 200 Day MA and is nowhere near infringing on its Wave 1 right now.

So there is a large difference between the $QQQ and $SPY right now.....likely because the Mega Caps ...