The Long Investor

$DIS - RC -

No changes here, lower highs and lower lows and in a down trend. Red Wave C remains the likely trajectory and there is a buy zone here so below $80 and it is a strong candidate as part of a long term portfolio.

$VZ - RC -

Both cases are still active here, above $45 and the bulls have it. I do like the structure here so far for the bull case however, the pull back has come down to the .78 Fib and has held, next test is the 200 Day MA just above. If it rejects at $45, it is likely to come down for new lows.

$COIN - RC -

A lot of stocks are struggling today so my aim is to watch for companies that are breaking their trend and entering bear cases. $COIN is not there yet but I have added an invalidated line in red, if the share prices goes below $50, the impulse wave is no longer valid.

$JPM

Nice movement from $JPM, looking for a rejection at the 2 Fib or the 1.618 Fib, the 200 Day MA is at the 1.618 Fib so this is also something to consider, a rejection at these levels and I will be happy that this is continuing the Wave C count....I will add a buy zone here over the next few weeks.

$ZM - ON THE WATCHLIST -

Rejected at the red rendline, watching for the pull back now, in between the $71.65 and $70, if it can hold, I will be considering a buy here.

$BABA

Pull back now from $BABA so we can add more subwaves, if we look at Subwave 2, we can see that its pullback was shallow to the 0.38 Fib, so if we apply the same process to Subwave 3, the 0.38 Fib is at $97.65 in white.

So it is possible to come back to this point for Subwave 4 before going higher for Subwave 5, the next Fib levels in white are relevant here too as support levels to watch....

$TSLA TOP 20

$TSLA is in a difficult position now, the market is digesting the $TSLA price cuts in December which caused a massive frenzy of buying late into the quarter was in fact a panic move by $TSLA to reach targets.

What would the figures have been if they had not done that?

$TSLA triggered an EV price war doing this and margins may be affected too.

So far, $TSLA is still in the bear...

$PFE

Remember we are in the buy zone here and I have alerted a buy signal here for myself, the set up remains good and the RSI is where we would like it to be at the start of an impulse wave. 50 Day MA above at $42 and 200 Day MA is at $46.70 so this is in an undervalued area.

$NIO TOP 20

As always I will be updating this every day, I have uploaded the chart with the Subwaves on it and will add subwaves of Wave 5 next when I am happy that we have the first wave in. So far this has rejected at the red trend line, March production numbers were released over the weekend and they came in low and underwhelming, as we briefly spoke about at the end of last week.

Let's see how th...

$QQQ TOP 20

I spoke a lot in the $SPY chart so I won't labour on repeating myself. I think $QQQ is due a pull back regardless of what way the $SPY goes, it is looking extended on all accounts and the RSI is at 70 now, as is many of the mega cap stocks. Each time the RSI has briefly entered this area, it has pulled back substantially so I would expect the same thing to happen....but a pull back is also heal...

$SPY TOP 20

This is it folks, the price action that has split the world, some people are bullish, some are bearish. Both camps have pro's and cons. The Bulls will like that it is above the 200 Day MA and has managed to stay above the downward trend...the Bears will like that this has formed a head and shoulders pattern, it is still below the $411 resistance line that it has been kept under since August 202...

$VIX TOP 20

I posted this late this week, it is just at the trend line now where it has considerable support, RSI is low at 40 too, so if it does bounce, it has a lot of room to bounce very high!

Like I said during the week, a lot of indices are showing make or break point now, it is likely that we will know this week what way this will go.

Very interesting week ahead indeed.

$INTC TOP 20

Is the one chart that has been showing mixed signals. 

Firstly, as $AMD and $NVDA went on monster moves, this was declining, it held at the previous low and then decided to come to the Semi party, as people believed that $NVDA and $AMD were looking stressed, they turned their attention to other Semi companies which had not taken off....and $INTC has benefited from that greatly.....th...

$COST TOP 20

$COST is another haven during difficult times, it has bounced just above the bottom wedge line and is having difficulty trying to get back into the original smaller wedge, helped here by the 200 Day MA which has rejected the price action 4 times now. 

A break above the whole wedge is bullish but I feel there is just too much to do here, considering the delicacy of the market.  2023-04-02 21:57:41 +0000 UTC View Post

$AMD TOP 20

I uploaded $AMD on Friday and said this has been more disciplined than $NVDA as it has started its pull back already, RSI is now showing a drop out of the overbought territory and that a pull back is likely now. 

My concern with this corrective structure since the end of 2021 is that there is no clear Wave B count, Wave A is obvious but Wave B is difficult to identify, which leads me...

$KO TOP 20

I really like this chart and I am looking for a slight pull back to between $59-$61 and I will buy here, I said last week that I was looking for this to stay above the 200 Day MA and it has, this moves very slow and we like this too.

RSI is at 70 now so I would like a small pull back to the range I mentioned above and this will be a good position to add as the market finds its direction.<...

$ABNB TOP 20

This has been moving sideways for the last few weeks as it battles with its direction, which is not necessarily a bad sign, as buyers are still nibbling away but the sellers are still here....I believe the market will influence this direction a lot, it doesn't have the strength to go against the market, as is the same with $PLTR.

So What Now?

RSI has been downtrendi...

$TSLA TOP 20

Extremely popular ticker and a lot of eyes were on it today, the numbers came in today but they were not a beat, they were mixed, production numbers beat but vehicles sold missed....let's see how the market digests this information.

Two very important levels coming up now, the previous high at $216 and the red trend line at $232.

The 200 Day MA is at $216 too.

So What ...