The Long Investor

$IONQ - RC -

Moving nicely through Wave C now and our projection.

It is not always nice to see a stock moving down Wave C when you are holding it but if you believe in the company and what they are achieving and their growth, then you will see this as an opportunity.

Price is moving down to between the 0.5 - 0.618 Fib, where the 200 Day MA is cutting through this area now, so this is a strong co...

$ABNB TOP 20

$ABNB has lost the 200 Day MA and is now testing the yellow trend line which it has held 3 times since July.

Market is red and weak today and a lot of stocks and going lower in search of support levels.

Bond market continues to play havoc on the market too.

This impulse structure only becomes invalid if the bottom of Wave 2 is lost and that is below $104, so there is a long wa...

$ARRY - RC -

$ARRY is starting to break down from this ascending triangle in the PM now and is already showing -5% now after losing support yesterday.

We know that the ascending triangle is a bearish formation and the count leading to the formation was an ABC count, so it has not been looking like an impulse wave to me.

The only way the bulls can save this is making sure the price does not go be...

$RIOT - RC

Crypto companies are performing well in the PM now on the strength of $BTC starting to make a move around $30k.

A lot of these companies are all looking the same chart wise right now.

They have all pulled back substantially to between the 0.618 - 0.78 Fib and I can see 3 waves in each pull back.

$RIOT appears to have found support here for the last month too, so will likely be...

$NIO TOP 20

We were expecting the worst yesterday after $TSLA's difficult earnings and $TSLA certainly had a tough day, down -11% at one stage and struggling to hold its $217 level, the entire structure for $TSLA is also at risk of breaking down if it doesn't hold its 200 Day MA right now at $215, so we will be watching this closely.

$NIO did not get dragged down with $TSLA yesterday thankfully but m...

$OXY

Testing the yellow trend line again today and is a rare spec of green in a sea of red right now.

This has been a resistance line since Nov '22, so breaking out and flipping this to support will be a big move for $OXY.

It will also mean that $OXY has made a new high and a higher low.

We know $OXY is a slow mover and we are ok with that, it has been the perfect hedge for us over...

$DRV

Shockingly another chart that has been following our projection.

Pulled back to the blue line which we know are support and resistance lines and found support on this line.

Price has bounced hard on this line today as the market struggles and we still have this working its way through Wave 3 now.

High rates will hurt the real estate market and they are amplified in this 3 X Re...

$COIN

Another chart that has been glued to our projection.

Drifting down towards the 200 Day MA still, in spite of $BTC moving higher.

$COIN has decided to open a HQ in Dublin today to make it MiCA compliant, Ireland has been the centre of compliance regulation for Big Tech in Europe, so $COIN has been working hard to make sure they are keeping everything above board.

This should be...

$BTC TOP 20

$BTC continues to show strength as people are desperate to find a haven to put their money.

$BTC is above its 200 Day MA still and inspite of the fake report during the week about approving an ETF for bitcoin, it has still managed to stay up.

Making a new high above $31800 would be a strong show of strength from the bulls.

So far this has been following our project, in side of...

$BAC

The US Bonds continue to put pressure on US banks and $JPM aside, they are all struggling to find their feet.

$BAC got a nice bounce after its earnings but we can see so far that the bounce has been in 3 waves, so a bounce in 3 waves is a corrective wave, meaning the next formation will be 5 waves, in the direction of the previous trend, so in this case downward for Wave C.

The 200 ...

$AMD TOP 20

$AMD is flat right now, which is impressive considering how weak the market is today.

My plan remains the same here, I will continue to focus on adding $AMD and $ABNB at the moment and will look for the 0.618 Fib too for support to add at $101, which is just above the bullish trend line.

Regardless of what is happening in the world, there is still going to be a strong demand for chi...

$QQQ TOP 20

There is a sea of red going into the close now and it looks painful.

For the first time, both the $QQQ and $SPY are both aligned here and are both are their respective 0.618 Fib looking for support and complete their Subwave 2.

We can see here that the 0.618 Fib is at $359.93 and the price hit $359.94 this evening, looking very tight if you ask me.

Failure to hold here and we ...

$TLT

20 Year has been making historical lows, not seen since the '08 Financial Crash, so if you believe these times were are in now are normal, then they certainly are not, the market is treating the Bond market as though we have just experienced a Financial Crash.

So we need to see where there is a potential bottom and if we look at the May 2006 bottom, then $82.70 is a support line.

We...

$VSCO - RC -

Victoria Secrets made the headlines yesterday because they said they will no longer prioritise 'wokeness' over 'sexiness' anymore....these were their exact words!

This has been a gear chance from them and they needed to do something because their share price has fallen from $76 in August 2021 to as low $13.

The market really does not like companies jumping on the 'woke' bandwagon.<...

$ACHR - RC -

$ARK continues to buy a lot of $ACHR over the last few weeks as it had pulled back from $7.50 to $4.70.

I believe this is in its corrective phase right now and this bounce is Wave B, before going lower again to the 0.618 Fib at $4.

$ACHR is a effectively a flying taxi start up and there has been a lot of chat about these companies but I believe the price has run up too early this ye...

$ONON - RC -

$ONON nice hold so far on the 0.618 Fib at $23.69 and has bounced since.

The bounce has gone all the way up to the 0.5 Fib and has since pulled back.

So the price action is respecting the Fib levels so this is a good sign.

What we want to see now is $ONON holding a higher low next on this small pull back.

The green fib level at the 0.618 Fib is at $24.50, this would be t...

$LI

$LI has been smashing their targets and even they are not immune from the pressures in the EV market now, they have not experienced -10% days like yesterday for a number of other EV's but it is certainly feeling the brunt of the EV pressure stick.

So where will it find support? The 200 Day MA is coming next at $30.70, as the price is losing the 0.78 Fib at $32.58

Holding support at ...

$AMZN TOP 20

$AMZN has made 3 waves since the top of our Subwave 1 and has since bounced on the 0.618b Fib at $128.

This is a good sign.

The price is back up to the 200 Day MA on the 1hr chart which has been a resistance line since Subwave 1 came in.

Getting above this level next at $132 will be a big statement that Subwave 2 is now complete.

$SPY TOP 20

Emotions are likely to be running very high right now so it is important to stay grounded and keep to the facts.

What we know:

- $SPY hit the 200 Day MA and bounced from $420 to $438

- This was a strong bounce and bounced on a strong confluence level.

- It has bounced in 5 subwaves now and we are in the middle of its pull back.....which is a little messy but a pull back ...

$NIO TOP 20

Yesterday was the first day I felt that $NIO was at risk of losing its formation and support levels and it finished -7% down for the day, likely on the anticipation that $TSLA would report bad earnings and when there was already a worry that their margins were getting tight, $TSLA then reduced their prices again and margins have decreased again......I think long term this will benefit $TSLA as ...

$NVDA

$NVDA is really working that Head and Shoulders pattern right now and we know that since it rejected trying to get above the 4.618 Fib, it has always been on a knife edge.....Biden of course has added to this.

The bottom of the Head and Shoulders appears to start where the Gap opened up at $305, so the market may use this opportunity to fill this rather large gap, it would mean a 30% drop...

$AMD TOP 20

No surprises or concerns here right now, still has not touched the yellow trend line on the daily chart and still above the 0.618 Fib, it has dropped lower than the 0.5 Fib but Bidens SemI policy has hurt the industry this week.....$NVDA taking the brunt of the damage I believe.

You need to play the cards you are a dealt and make a plan.

My plan is to add here again once I see suppo...

$WFC - RC -

The last time I have uploaded $WFC was all the way back on the 11th of March, (I have attached the upload) we can see that there is no changes to the projection.

Since then it has made lower lows and lower highs and the price is still below the 50 and 200 Day MA and I still expect this to move down lower to the 0.618 Fib at $36.

I do not believe the banking stocks are out of trouble...

$FSR

Amazingly this has been staying off the radar and still moving within this ascending triangle, still staying beneath the blue line which it has mainly stayed since March this year.

For the EV's today, there is blood everywhere and although $FSR is down -3% right now, the structure has not changed.

$FSR is taking its time and will move when it is ready, as long as it continues to wea...

$XPEV - IMPORTANT NOTE -

The 0.618 Fib at $13.67 was set for $XPEV when the price hit $23 and the price has moved down very controlled in 3 ABC waves, sometimes waves and counts do not work out as perfect as this and sometimes they do.

I can not tell you why one works out like this and the other ($NIO) struggles.

Bulls and Bears work well when their trend is clear.

$XPEV hit $13.69 today, which was 2 ...

$MS

Is down -8.3% now after dropping after reporting its earnings today, this is the largest drop for Morgan Stanley since the Covid drop in March 2020.

They topped their quarterly expectations but missed on their investment banking revenue.....which can not be too much of a surprise considering the last few months in the market.

$MS has not been on my radar much until today because its...

$DHR - RC -

Long large Wave 4 pull back here and has been trying to hold onto support on the 0.38 Fib since the start of 2022, while still maintaining this descending wedge which is a bullish formation.

Price is below the 50 and 200 Day MA here so the trend in the short term at least is showing bearish, so we could see a retest of the bottom yellow trend line again before going higher.

Needs to...

$TSM

Has not been able to get above its 200 Day MA just yet, so has now pulled back and we want to see a higher low next here and then to make another attempt at trying to get above the 200 Day MA.

$AMD is slightly ahead of $TSM here as it is still above its 200 Day MA and I would love to see another test of the 200 Day MA from above there and holding, this is where I will be adding more $AMD....

$AAL

$AAL continues its decline with our projection and is fastly approaching the 0.887 Fib, this has pulled back significantly more than $UAL and $DAL and both of those airlines have reported their earnings already, both reporting record profits but still declining hard.

$AAL is the last of the Top 3 to report.

Will there be a final flush here to the 0.887 Fib after the earnings report ...

$OXY

$OXY has moved up to the top of the trend line from the October '22 high and the Sept '23 high.

Flipping this level now to support will show another breakout, will put this comfortably above its 50 and 200 Day MA too.

There is no doubt that as long as this conflict continues to escalate and it has over the last 24hrs, this will continue to put pressure on the price of oil.

So ...