The Long Investor

$AMZN TOP 20

Everything is moving down as we expected and as we prepared for at the weekend.

And I am starting to prepare for my entries too.

$AMZN is one of my largest holdings and I have been looking forward to adding to $AMZN for a number of months now if it can reach $120.

So between $120 and the 200 Day MA which is at the 0.78 Fib at $113, is the area I will be focusing on accumulatin...

$BUD - RC -

I really hope Bill Gates is wrong here and this trash comes down to complete Wave B.

Terrible beer and a terrible marketing campaign.

Price has lost the 200 Day MA since bouncing between the 0.618 - 0.78 Fib in Mid 2022 and has aggressively declined since the woke marketing campaign that went wrong.

Still in trouble I believe and Bill Gates has bought about $100 million worth ...

$MOS - WATCHLIST

I continue to watch this for confirmation of support and signs of reversing and so far I can see that it is battling to hold support but we need to see more, a bounce and a retest of the 0.618 Fib level at $35.85 is the ideal scenario.

We could even wait until this goes above the 50 or 200 Day MA at $39 and $42 for complete confirmation that this has reversed and we would still be in a st...

$MSFT TOP 20

$MSFT has broken below its previous low and has its sights firmly on the 200 Day MA now which is circled on the chart, right now this is at $295.

I recommend anyone that is hoping to buy this to keep a close on on this level now.

Everyone should have the Trading View platform or WeBull chart platform and have the 50 Day and 200 Day MA set up as default.

This is really all you ...

$CVNA - RC -

Double top here for $CVNA, rejected heavily trying to get above the previous high, which we expected as Wave C finished high on the previous high, so a corrective wave follows next.

For the two possible scenarios here, I have them both pulling back to the 0.618 Fib so either outcome will see more decline here and this is not a stock I would consider looking at until it comes back a lot mo...

$FUBO

Comfortably in Wave C now of this corrective wave as planned and I see this going lower than its 200 Day MA at $2 and coming down to $1.80

We want to see Wave C finish lower than Wave A completing and we have a perfect corrective wave complete then.

$FSR

Up 11% today after $FSR have announced they will increase production numbers to 300 vehicles per day, even though this announcement was made about 10 days ago too.

They also that that they have produced 5000 cars but so far only delivered 900.....remember that all 5000 cars are already sold in a pre buy.

$FSR continues to do what it said it would do and this will always be welcomed....

$DNA

Is starting to wake up, +4% start to the day and and holding the $1.75 Fib so far, this is still early days and it is about to test the 50 Day MA now at $1.83.

The 200 Day MA on the 1hr is just above at the 0.618 Fib at $1.90, above this level would show strong signs of a reversing. 

$AAPL TOP 20

So far $AAPL has firmly tested the 0.887 Fib 3 times now, so we can tell just how important this level is and how vital a role Fib levels play when finding support and resistance levels.....and the $AAPL chart is a perfect example of this.

Although we have seen a test three times, there has been no meaningful bounces yet and no higher highs, so this is what we want to see next, a bounce a...

$TSM

$TSM has been slipping and has lost its 200 Day MA, the structure is still good and only at the 0.5 Fib now, so the standard pull back Fib is at the 0.618 Fib at $79.

We can see that $AMD has been holding its 200 Day MA so far but it is also at risk of coming down to test a lower Fib too but it does appear stronger right now.

The group appear to like both stocks, both have pros and ...

$NIO TOP 20

Yesterday was a rollercoaster day and in the end, the price finished better than the initial reading in the PM before the fake news report and nonsense came in.

Effectively we got a bounce on the 0.887 Fib yesterday and this is the first test of support, because this is an important Fib level, we want to see a retest of this support as confirmation that this is a secure support level....t...

US10Y

US 10 Year Yield is almost finished Wave 5 and you can see from this chart that it has been following the Fib levels very well in terms of support and resistance.

So the big question now is:

Does the 10 Year stop at the 2.414 Fib at 4.614%

or

Does it stop at the 2.618 Fib at 4.9%?

I will stop soon and start declining and Wave 5 is already starting to look extended....

$F TOP 20

Good day today but the 200 Day MA is still offering resistance and as I said yesterday, one Union has settled their dispute so far with $F now....this may be the crack that they have been hoping for and encourage other unions to follow suit.

$F is in a bullish flag here too, so the 200 Day MA is the crucial resistance line to break now on the daily chart, so holding above $12.70 is the im...

$GCT - RC -

Leading diagonal Wave 1 here, followed by an ABC corrective wave, we can see that Wave 5 topped out at the 2 Fib and has come down very aggressively.....also noting how aggressive Wave 5 was too, so it was equally matched.

I am only seeing one wave in this decline so far so I assume this is Wave A, this should get a relief bounce next for Wave B and come down one more time to complete the...

$AVGO - RC -

This chart was last uploaded at the end of May and has been following our chart very well and we can see that Wave 3 has moved up to our Wave 3 target at $943 sooner than expected.

Getting the pull back now for Wave 4, I suspect there will be somewhat of a support at the 200 Day MA but if this can not hold, we have Wave 4 completing above the blue line at $680.

Overall the chart con...

$NFLX

Make or break time for $NFLX now, it is at the trend line of this megaphone formation and the 200 Day MA is just slightly below this at $368.

Support needs to come in here at these levels or there is a possible 20% drop at the very least next in store for $NFLX, on top of the 20% drop it has already experienced since the start of July.

$DKNG

Not surprised to see $ARK funds selling out of $DKNG, it has had a well structured Impulse Wave up and now confirmed ABC corrective wave down.

I would not touch this until it moves down a lot further, especially down to the 200 Day MA at $22.50 right now and it may be considered an attractive buy.

This has been textbook, hit the second target at Wave 5 and has declined perfectly sin...

$CROX

Yep I should have shorted this....as the chart was clear as day. Sometimes the chart gives an easy reading sometimes they are incredibly complex.

But the complex charts teach you more.

$CROX is stuck to our projection and I know some of our traders have been shorting this and making money so fairplay for going after it.

The 50 day crossing the 200 Day while the trend was alrea...

$CRM

I continue to advise caution for $CRM, the chart is not attractive here and it is similar to $NFLX.

Possible Head and Shoulders forming around the high at $236 too, so if this pulls back to the blue line which is where the 200 Day MA is heading too, and it does not hold support here.....we could see a drastic move down for Wave C.

$UBER

$UBER has been quite resilient over the last 2 months and has been moving sideways between the 1.618 Fib and the 1 Fib which is common for Subwave 3 and Subwave 4 as shown, it needs to stay strong for another week and hold the $43 level.

Otherwise the 200 Day MA is lurking below and at the moment at $37 but moving up fast.

Maintaining support at $43 and this could move higher next t...

$ONON

$ONON is being well behaved here, 5 Waves up, followed by a well structured 3 Waves down and losing the 200 Day MA here today too, we did not expect this to hold either, the blue line is at $25 and the 0.618 Fib which is the standard support level for Wave C is at $23.68, some members are interested in starting a position here but should wait until this comes down further and finds support.

$LCID

$LCID has finally done it, it has gone below $5 today for the first time, a price target we have been calling for since breaking down in July 2022 at $18, it was showing moments of breaking out and reversing but struggled to stay above the 50 Day MA.

I believe at this price, it may start attracting buyers soon, as the market cap is at $11.Billion right now....a far cry from the once $143 ...

$DNA

May be one of the first companies on watch to reach the 200 Day MA which is currently at $1.70, with the share price at $1.73 right now.

The 0.887 Fib is at $1.66 too.

Positive news keeps flowing out of $DNA and with the right conditions, this can start its upward move soon, pending the markets sentiment but it is ready.

Holding the 200 Day MA will be a big statement but I do ...

$SE TOP 20

9% up today which is certainly a surprise but very welcomed.

Above the 50 and 200 Day MA on the 1hr chart right now, so far this is showing as a double bottom with support found at $35 twice and bouncing.

This would be a remarkable recovery if it bounced from here and broke above the $40.60 level we have been watching closely.

I still recommend to hold off on buying until $40....

$LDOUSD - RC -

This is not our typical chart to upload but it meets our requirements of having a Market Cap above $1 Billion, in spite of it being a Crypto.

This has only been on the exchange since November '22 and what we have come to see from a lot of stocks and cryptos that have just joined, they typically start with a corrective wave until they find their feet and $LDO is no different.

In a do...

$LI

$LI -6% in the PM now on no news but this does align with our Wave 4 target between the $37.21 and $35.80.

If this is a flush before a reversal, this may help $NIO too but until I see the news as to why this is down -6%, we will watch it closely for now.

$LI overall remains very strong and a healthy impulse wave.

$NIO TOP 20

The PM has opened ugly and showing -3.4% right now.

I am showing a closer look at the chart here so we can see the subwaves of Wave 2.

We know we needed an ABC count for Wave 2 and that is what we are getting, it is all about finding where Wave 2 finds support now.

In this Wave C, I am seeing that 4 waves are present so far and we are likely in the final wave 5 or Wave C now, ...

$SE TOP 20

Last chart upload this evening, $NIO will be uploaded as always tomorrow morning and $BABA and $TSLA were uploaded on Friday evening, along with $SPY yesterday.

Indicators at the bottom of the chart for $SE are surprisingly showing positive trends and this would align with our Wave 5 target which is just below at $33.35.

Another stock that needed help this week but was in the wrong ...

$QQQ TOP 20

The $QQQ is a mean of all the Top 100 Tech stocks and if the Mega Caps lose support this week then of course this will do the same too and again the 200 Day MA will be the target too, which is at $330 right now.

So if you have not bought a Mega Cap or the $SPY and you are unsure of what to buy but want to buy a market ETF instead, then buying the $QQQ at the 200 Day MA makes a lot of sens...

$PYPL TOP 20

$PYPL had a tough week and the higher rates for longer message running through the financial stocks, this has taken its toll on all finance stocks and $PYPL is no exception, regardless of how undervalued it may be.....if $BAC is showing weakness and rejecting at its trend line, then $PYPL will feel it too.

$PYPL rejected at its 50 Day MA and has come down, new low is now inevitable and we...