The Long Investor

$GPS

Lets be honest, who doubted my work here?....when you saw this drop out of the bull flag, you thought the worst and the count was over.....no chance.

Held the 50 Day MA and bounced exactly up to the Subwave 3 area, very nice move here.

Above the 200 Day MA now too, this could be Wave 1 now of its long impulse wave up.

$FUBO

$FUBO, moving as expected, in Wave B now and about to test the 50 Day MA which is just above the 0.5 Fib now at $2.42....this is a potential rejection line, as it is a confluence level.

A rejection here and we have the same scenario with $PLTR, it comes down to Wave C and we like to see Wave C ending lower than Wave A.....so not rush here either.

$COIN

$COIN getting that $PLTR action here too....rejecting at the 50 Day MA and at our Subwave 4 level.

This is not somewhere you would want to be entering.....I have Subwave 5 just above the 200 Day MA, this is a very strong confluence level, as it is at the blue line, the 200 Day MA and the 0.618 Fib.

So if $COIN is a stock you like.....let it settle and come down more first

$F TOP 20

$F is flirting with the wedge breakout here which has been coming.

We know this has been due a bounce and it has been in a strong area of support, by holding between the 0.618 - 0.65 Golden ratio Fib levels.

Next levels to watch will be getting above the 0.618 Fib at $12.40

The the 200 Day MA at $12.80 and then the 50 Day MA just slightly above....I think $F will have no issue...

$SPY TOP 20

Has continued its impressive move above the 50 Day MA and getting above $459 means it has made a new high, this would further confirm that Subwave 4 is complete and we are in Subwave 5.

The Mega Caps have been enjoying this positive market sentiment and moving very well......and this has all happened exactly within the month of August...what a ride its been!

$AMD TOP 20

I know a lot of people are interested in this and so am I but I need to see more signs of reversing.

So far we have the 0.38 Fib held which is a good start and above the 50 Day MA on the 1 hr chart

Next we need to see a higher high and a higher low.

This has not come yet, so we could see another test of the 200 Day MA again and then a pull back, if the pull back comes back dow...

$ZM

$ZM is comfortably above the 50 Day MA here on the daily chart which is great to see.....now the big test comes, getting above the 200 Day MA at $70 on the daily chart, this is a very important one.....twice in July this broke above this level, with a very convincing break out but failed to hold on the second test of the 200 Day MA from above.....this is as difficult as they come because this i...

$PLTR TOP 20

I think we are all happy with what we are seeing here today.

$PLTR had a strong few days but it moved in a perfect 3 waves format, so we believed that it was a corrective wave bounce for Wave B, this was confirmed today, as we got a hard rejection at the 200 Day MA, right at our Wave B point.

We can see that the price fell all the way to the 0.38 Fib level exactly today too, which i...

$NIO TOP 20

I have added two charts, both are the same but on the 1hr chart and the daily chart.

I wanted to show the 50 Day MA on the 1hr chart, which is the main chart above and how it is effecting the share price.

The price is just being kept underneath this level and I think the Cup and Handle formation is the best way to show you how I expect this to move, as long as the 50 Day MA stays as...

$ULTA - RC -

Comfortably in its Wave 4 pull back now and will likely continue down further to find support on the bottom yellow trend line before going higher.

The Wave 4 is moving typically as it should and has not shown any signs of reversing just yet, so I expect a bit more downside first.

Otherwise, the projection and targets remain the same.

$OKTA - RC -

Up 11% right now in the AH after its positive earnings beat. EPS was beaten by 43% and revenue increased by 4%.

This has been moving sideways since May and moving around the 200 Day MA, as it likely needed more news, so the market could digest whether or not this was on the right track....so far the earnings report has shown that it is.

Right now I am leaning to the green impulse wa...

$CRWD - RC -

No changes to the chart, earnings report released after the close today and EPS beat by 34% and guidance was reiterated as projected.

So with a beat and no surprises, we are sticking with our count and the price action is comfortably above the 200 Day MA and in this bull flag, a positive market sentiment should help kick start this moving higher next as projected.

$SKX

A very nice support level on the 200 Day MA for $SKX.

More momentum needed here now to capitalise on this support and it can test the blue line next at $55, do I believe $SKX can get above the blue soon, I have no doubt.

It is a matter on when.

$SKX are very slowly adding clothes their their sneakers/trainers line and I have already purchased some stuff and I am impressed.

$LULU

Earnings tomorrow after the close and the price managed to recapture the ascending triangle this week.

Considering the market pull back this month, $LULU was largely unaffected and is in a good position to gain some upside from a good earnings beat.

You all know I am a fan of this chart and what their brand is doing.

Another good opportunity here......but like always, earnings...

$VIX

Yesterday I said to watch for the $14.04 level which is the 0.78 Fib, if this level is lost, the market is strong and the $VIX is weak, it is just at this level now and hit $14.03 today, we want the $VIX to stay below this level and it is a good indication that the market wants to go higher and we are clearly seeing that on the $SPY and $AAPL chart.

Opportunities - 30th August

$ABNB holding above the 50 Day MA on the 1hr chart at $127.40 is a buy for me.

$AMD holding above $103 and making higher lows from here and higher highs is a good long term hold here.

$ZM above the 200 Day MA at $70.10 and holding is bullish

$NIO hold our Fib levels discussed on the chart today or getting above the 50 Day MA on the 1hr at $10.70 is bullish for me.

$BABA ...

$AAPL TOP 20

$AAPL has passed the first test and has broke out above the 50 Day MA, this is significant.

3 weeks ago I advised that buying $AAPL anywhere under the blue line at $182 and you are getting more value, if you had been accumulating there, you would now be green and possibly about to enjoy another 20% gain.....and this is holding the safest stock on the market too.

All I need to see is...

$SQ

The positives here is that $SQ has held the blue line support and this is the 2hr chart so I could fit in this yellow channel clearer but we can see that the price is holding above the 2hr chart and it is also holding above the 1hr chart too.....there is still a bit more work to do here and it is lagging a bit behind $PYPL and $SOFI too but there is still plenty of time and room for this to sta...

$PYPL TOP 20

I have added in the subwaves now for $PYPL, buyers appear to be attracted to this and it is moving quite well.

I have just released a Buy Alert for $PYPL because I have added here again, I am back to green here but in terms of R v R here, I want to take full advantage of this.

Remember, BUY ALERTS mean I am happy to buy here as I am managing my average and I am holding for long term...

BUY ALERT

$PYPL

$ABNB TOP 20

It wasn't clear on the daily chart yesterday that $ABNB had completed its ABC count on Wave 2 but we can see on the 1hr chart that this is more clearer.

It is shallow and short but still valid.

I will need to investigate whether or not $PLTR at least has this but its pull back to the 0.38 Fib only, reaffirms my thoughts that $PLTR still has more to go to pull back.....we can see h...

$SHOP

Held the 0.38 Fib at $53 and has bounced since, it is now testing the yellow trend line from below and we can see that the 50 Day MA is just above too, getting back into the channel will be its first strong move, holding in it next and then getting above the 50 Day MA to confirm that this move is in Wave 5.

I suspect $SHOP will move with the market, if the market confirms Wave 5, this sh...

$PLTR TOP 20

$PLTR has not quite tested its 50 Day MA here yet at $16 and we have Wave B going slightly above this too.

I expect this to reject around the blue line, if it can flip the blue line from resistance to support then Wave 2 is complete but it does not look like Wave 2 is complete here right now.

$SPY TOP 20

The $SPY has burst through the 50 Day MA and the trend line at $445 now and is performing very well.

This could be a turning point for the market, if we can see a retest of this line and it confirms support, we could get the confirmation we have been waiting for that Wave 4 is complete.

$AAPL is also above its 50 Day MA at $186.60, so this is positive news, $SPY needs $AAPL to be st...

$NIO TOP 20

Yesterday was a wild day, with a pretty rough earnings report and opening with -14% down, it recovered almost all losses for the day at finished 1.18% down.....even going 0.90% green in the AH's trading.

Todays PM is a bit more sobering and down nearly -4% so far in the PM.

We did not hold the $10.20 200 Day MA yest at the opening and it dropped as low as $9.46 and although it recov...

$VIX

The $VIX continues to show that the market is healthy and we should see the indices moving higher next....so does would mean that $VIX continues to decline, I think if the $VIX loses $14.04, it is severely weakened and I expect this to go to new lows, this is a very positive move for the market then.

$UBER

$UBER continues to perform very well and holding the 1 Fib very well too.

I believe there is a lot more upside here for the next 6 months, chart is looking strong and controlled here.

$LYFT has been struggling to complete with $UBER as it continues to expand, I think there may be only one horse left in this race.....and its $UBER.

$RIVN

$RIVN has been textbook here too.

Used the 200 Day MA as a moving support level and waited for the right moment to bounce.

We will monitor how this moves but Wave 5 for $31 is the likely target next.

$IQ

$IQ couldn't hold its bullish subwave count at the start of the month and like just about every stock, it felt the selling pressure, did it lose its over impulse wave structure? No.

It has pulled back to the 0.78 Fib and held and since bounced.

If you sold this when it pulled back more than we expected, then it means you were either not a long term holder or did not believe in this...

$AAPL TOP 20

As we stand right now, this set up right here concerns me.

Since $AAPLs bounce at $172, it has moved exactly up in 3 perfect waves, this is what we expect to see exactly on a Wave B bounce, before going lower to complete Wave C and of Wave 4.

We need $AAPL to lead the market and break out of this 3 waves, firstly, it needs to go above the 200 Day MA

It also needs to pull back ...