The Long Investor

$PLTR TOP 20

$PLTR like a lot of the market continues to struggle with its support levels and is below the bear flag support line in the AH market now. It still has time to recapture this week and try and stay above the 50 Day MA at the same level.

However, if this is lost then the 200 Day MA is next on the agenda and we can see it moving towards our Wave 2 target level now.

Remember, I believe ...

$AMD TOP 20

Semi's have been taking a hit today and this week as the market digests the Tech Stock earnings and these companies are heavily influenced by these Mega Caps.

As soon as $AMD lost the 200 Day MA, it dropped back into the descending wedge and is looking at testing the previous low again and possibly the 0.5 Fib at $93.50.

This has been a long corrective pull back so far and this is n...

$SOFI

Finance stocks continue to be hurt and with the Yields bouncing again today, and a French payments company world cuts its FY targets.....this has damaged a lot of finance stocks today too and not just $SOFI.

We can see on the chart that $SOFI is struggling at its 200 Day MA and if it loses this at $7.23, which it is just slightly below right now, then we have it coming a lot lower.

...

$MSFT TOP 20

$MSFT had a strong beat on earnings yesterday and continues to follow our chart like textbook.

There is no changes to this chart or projection in a number of weeks either and the price jumped all the way up to our subwave 1 target today, I can clearly see 5 smaller waves in this Subwave 1 now and this is clear on this daily chart too, so we should be expecting to see subwave 2 start comin...

$GOOG TOP 20

So this is the chart we have had for $GOOG for the last few weeks and we said that we could not explain why all the Mega Caps in our Top 20 have shown a clear Wave 4 and $GOOG had yet to shown its own, so we set our Wave 4 target at $126......and it hit exactly at $126 today at the opening.

I believe the price reduction was very aggressive for a slight miss on cloud revenue estimates.

$NIO TOP 20

$NIO had a strong day yesterday jumping over 6% as the market was filled with optimism leading into earnings, $LI and $XPEV also performed well and the 3 Chinese EV companies climbed well together, we can see on the chart that the price bounced from the buy zone and went as high as the 50 Day MA, it then finished the day above the 50 Day MA.

Unfortunately today, with the market opening de...

$META

$META reports after the close tomorrow.

It is taking a small hit in AH right now, possibly due to $GOOGs decline.

$META's chart does concern me and it has for some time.

The bounce from November, a low that I called all the way down, has bounced in a unconvincing impulse wave and very typical of an aggressive corrective wave, also in a very strict ascending triangle and then c...

$COIN

$COIN is enjoying the crypto attention right now and has jumped from $72 to $87.

We can see that the 200 Day MA is at the same level as the Wave 5 low, so we could be looking at 5   waves down being complete now.

Again and with all crypto related companies, the confirmation will come from the pull back, in this case, if $COIN can get a pull back to the 50 Day MA at $76 and...

$CRWD

This has been textbook, 1.618 Fib is at $193 and Wave 3 went as high as $192 so this has been impressive and we got our pull back as scheduled.

The ideal pull back will have this come down to the 50 Day MA or the 1 Fib at $164 and hold support here before moving higher for the rest of the year to complete Wave 5 at $211.

So we are watching for a 3 ABC wave move down now.

Very ...

$QQQ TOP 20

$QQQ has so far passed the first big test.

$MSFT smashed their earnings and kept their record of always beating and jumped an impressure 5% AH.

$GOOG also reported a beat but revenue from their cloud service was down and it is taking a hit in the AH, I believe this cloud revenue will not weigh too heavily after the dust settles.

Remember, $GOOG was the only Mega Cap in our Top...

$LI - RC -

$LI up 7% today after reporting another very strong deliveries number and $LI continues to perform better than expected.

The price has pulled right back towards the 200 Day MA and has bounced strong.

This could be the start of Wave 5 too.

So again, we need to see how Subwave 2 behaves and if it can make a new higher low to confirm that Wave 5 is now happening.

Chart rema...

$TLT

For now, $TLT has found support on our blue line at $82 and has slightly bounced to $84, when this stops bleeding, equities should benefit, so a strong reversal here is what we want to see.

This has fallen from $180 to $82 in 3 years, this is certainly overdue a bounce and is back to a level it has not seen since 2011, this is also a strong support level.....so if it is going to bounce, h...

$V

A lot of people will be focusing on $MSFT and $GOOG today after the market closes but do not forget about $V and this chart.

I have said for a long time that I am a fan of this company and chart and I like how the 200 Day MA has been a consistent support level this year.

If this can report a strong beat, this can test the blue line again and put this in a strong position to finally ...

$RIOT - RC -

Very similar to the $CLSK chart I uploaded yesterday, $RIOT is having a strong day on the strength of the big cryptos performing well.

The price has just gone above the blue line, the 50 day MA and the 200 Day MA which all met at the same level at $10.52.

Holding above this strong confluence level and $BTC moving higher will be the perfect scenario for fans of $RIOT.

If we are...

$ETH

I have not uploaded $ETH for awhile as I have just been focusing on $BTC but I've had look at the chart today and I see no changes to our projection or the structure and this, like $BTC has been following our count well.

In a bullish flag now and just at the 200 Day MA here too.

A break outside of the bull flag, meaning a break above the 200 Day MA and holding would be very bullish ...

$KO FORMER TOP 20

Earnings reported today and it was a double beat, 6% beat on earnings and 4.5% beat on revenue with a revise up guidance.

Nice response from $KO after a difficult quarter for their share price.

We can see that the bounce came in at the 0.5 Fib at $51.

We can only see 3 waves so far in this bounce so it is not confirmed that this bounce is an impulse wave yet, we would need to ...

$AMZN TOP 20

$AMZN starting to attract buyers as it leads up to earnings on Thursday, optimistic buyers are also considering the big earning reports after the close today too, if $MSFT and $GOOG beat comfortably, this will likely benefit the market and $AMZN.

$AMZN is my biggest position now and it is the first time I have gone above 20% in one holding and it is up to 30% now as I look to prepare my p...

$SE TOP 20

Up 4% today and performing well, I can see 5 waves here, as a leading edge diagonal, so it is still possible that we are in an ABC count now since hitting Wave 5 and we are just bouncing for Wave B before going lower to test the Fib levels we spoke about in the last update but lets see how it handles a retest of the previous high where the green line is at $48.30.

Overall is it moving in ...

$IQ - RC -

$IQ has been moving incredibly well sideways over the last 3 months and has been using the 0.78 Fib as support, having a good day today and looks to be testing the 50 Day MA at the 0.618 Fib, a flip of to support here above this confluence level would be a big statement.

I believe this can happen if the market continues its optimistic approach today and leading into big earnings.

Ge...

$NIO TOP 20

$NIO momentarily dipped into the buy zone yesterday, going below $7.38 and going as low as $7.31 before bouncing with the market.

Delivery numbers were released today for the week starting the 16th of October and $NIO delivered 4400, $XPEV delivered 4700 and $LI delivered 9500.

$NIO is sitting in third place now on delivery numbers. This figure is different to production numbers. 2023-10-24 09:55:17 +0000 UTC View Post

$FSR - RC -

We have been watching $FSR moving between the 50 and 200 Day MA and it was getting tighter and tighter so we believed a move was coming and this was said in the last upload of $FSR, us $FSR bulls wanted a break to the upside but the market had another idea and the market weakness was not about to send this growth stock bullish and so it broke down and has fallen down out of the ascending triang...

$CLSK - RC -

$CLSK looks to be just ahead of the Crypto mining pack in its bullish reversal.

A lot of the crypto mining companies have had a strong day today on the strength of $BTC performing well and pushing to make a new high.

$CLSK does look ahead of $RIOT and $MARA which are the market leaders.

It has tested the 50 Day MA and is now back above the 0.618 Fib too, so we want to see this...

$SHOP - RC -

$SHOP appears to be following many of the Mega Caps and large stocks in its structure right now.

Except it has lost its 200 Day MA but has managed to stay between its 0.38 Fib and 0.5 Fib, the normal support level for Wave 4 is at the 0.38 Fib but can go down to the 0.5 Fib if the market has shown weakness and that is what we are seeing here.

A breakdown below the 0.5 Fib would cert...

$JD

$JD is enroute to come down to its IPO level from 2014. Where it has found support at this level 4 times since its IPO. I am going to be very clear here, $JD has no right being down at this level with the fundamentals it has and I have attached these too.

There is no clear explanation as to why it is down so bad but it is certainly not an area I would consider selling, it is in an area no...

$INTC TOP 20

$INTC has taken a big hit today, wider than the market decline on the news that the $NVDA is making Arm-based PC chips which is a challenge to $INTC's market share.

$INTC lost its contract from $AAPL recently too and this has not helped $INTC over the last year.

So $NVDA is trying to expand its TAM here and is taking advantage of $INTCs weakness lately.

I added this yesterday ...

$BAC

$BAC is struggling today as the Yields started off the day rising higher and hitting that symbolic 5%  on the 10 Year, it has since come down to 4.8% as the day went on but as the market prepares to close, we are seeing more weakness and the market is battling to end green.

$BAC is getting closer and closer to our Wave C target on the 0.78 Fib, this will be an important level to watc...

$DXY

The Dollar Index has found some resistance at the 0.5 Fib, it remains to be seen if this is a firm rejection at this level or does it move higher to the 0.618 Fib to test this level and reject here and start moving down.

The $DXY moving higher has also been hurting equities, so if the $DXY starts moving down as expected, we should see the market benefitting from this.

$AMD TOP 20

Tested the yellow trend line from above today and bounced, this has made a lower low since Wave 1 completed so we still need to see a solid bounce here to say that Wave 2 is complete.

I can still see this move down above the trend line until it reaches the 0.78 Fib at $98.27.

It is moving slow and controlled and I am seeing no break down from the structure here either, the impulse w...

$LULU

When it was announced that $LULU will be added to the S&P 500, the share price bounced aggressively out of the ascending triangle. With the weakness in the market late last week, it offered $LULU an opportunity to pull back and test the top of the ascending traingle again for support. It has done this and has so far managed to hold support on this level, a bounce here again to a new high wi...

$SPY TOP 20

As it stands the $SPY is back above the 200 Day MA in mid day trading.

Market opened and the price fell as low as $417.80 and went in between our red parallel lines, which is a historical support and resistance zone, with $410 being the absolute minimum that $SPY can go as low as to maintain its impulse wave. The price has bounced quite well since sinking at the opening and being above $4...