Stunning work here from the $TSLA chart.
Thanks to the 1.618 Fib I believe for Wave 3.
Price has lost the $414 level, the Second Target level at $400 and moving towards the standard 0.38 Fib at $354 now for Wave 4.
Do not expect this all to happen in one session, a drift down is likely going to happen and wait for support to be confirmed before considering a position.
2025-01-02 14:55:37 +0000 UTC
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$ETH has held a higher low now but the big test is next getting back above the 50 Day MA at $3520, converting this level back to support and the bulls will be in a strong position to make a good attempt at breaking above the triangle top line again at $3700 and this time holding.
There is still risk here, $BTC has responded well over the last 24hrs but we need more strength now but good s...
2025-01-02 14:47:23 +0000 UTC
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Continues to respond well from Buffetts buys since the 20th of December
Price is now back up above the 0.5 Fib at $49 and the 50 Day MA now, holding above $50 is what the bulls want to see next.
Next big milestone will be getting back above the triangle at $54 and only then will the price be back to around Buffett average in $OXY.
2025-01-02 14:43:40 +0000 UTC
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Very nice response from $JASMY over the last 12 hours.
Price has bounced again on the 0.618 Fib and is now above the 50 Day MA too, so this is in a bullish set up, holding where it needed too and back above all important moving averages.
So I have held my entire position and it is attractive here right now, something to consider.
Wave 3 target has not changed at $0.08
2025-01-02 14:37:17 +0000 UTC
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$SOFI was hit with a downgrade this morning(KBW PT at $8), on the first trading day of the year which seems very harsh (below) but as we know, we have this in Wave 4 anyway and if the US 10 YR continues to move higher, this will put pressure on $SOFI anyway....so I don't think the downgrade coming in now is a bad idea before earnings which is expected around the start of Feb.
The big ...
2025-01-02 11:25:11 +0000 UTC
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This Wave 4 has been testing and the Santa Rally for crypto did not happen but it does not mean that one final wave for crypto can not happen, if the US Market rallies it will drag the crypto market with it, they have been in sync for the last 2 years.
$COIN has dropped down to in between the 0.5 - 0.618 Fib which is certainly weakness for a Wave 4 but the impulse wave is still valid and ...
2025-01-02 11:20:43 +0000 UTC
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Positive movement in the PM this morning for both $SPY and $QQQ, bulls are going to make another attempt at the 50 Day MA from below after so far holding at a higher low.
$593 is the level that needs to be flipped back to support.
The first trading day of the year can set the tone and there is no reason why we can not have one more leg up and finish at the Melt Up level before start...
2025-01-02 11:15:49 +0000 UTC
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$RLX is giving us a pull back in the PM now, this is after bouncing up to $2.21 on Tuesday after breaking out above $2.11, so I will see if $RLX can hold above the $2.11 today and consider adding.
If there is no hold above the $2.11 level then I will wait, this is why I did not add on Tuesday and why we wait for a retest of the breakout level always, incase there is a fake breakout.
2025-01-02 11:12:01 +0000 UTC
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$HIMS struggled with the market on Tuesday and finished below the 0.618 Fib, so it is important to see the bulls fight to reclaim this level today at $24.63, price is already above this level in the PM but we need to see how the market opens today...for me, the blue line remains the important level to recapture, it is a pivotal support/resistance level, so holding back above this line will feel...
2025-01-02 11:07:19 +0000 UTC
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From the Top 20 list:
$AMD
$ABNB
$PYPL
$SHOP
From the Chinese ADRs:
$BIDU
$JD
$PDD
From Consumer Staples/ Defensive:
$PG
$CL
$BTI
$PEP
$JNJ
Emerging Markets:
$EWZ
Bonds:
$TLT
MISC...
2025-01-01 18:50:49 +0000 UTC
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Number 10, it had to be $PFE.
Legacy sector leader, at a 22 year low, fantastic dividend, oversold and drastically below its 200 WMA.
I upload $PFE a lot so we know that the major risk here is that the price can still flush down to the 0.78 Fib at $22 and the yellow support line that has been in place since 1990, yes 35 years ago but if does happen, the dividend will continue to inc...
2025-01-01 18:00:05 +0000 UTC
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Number 9.
$ADBE makes the list for a number of reasons but I particularly like how flawless the chart has been.
Those who have been around long enough will have monitored me sharing this for the last 2 years and it has continued to follow my projections, in spite of the Tech sector running to ATH's in 2 years, I maintained that this was in an ABC correction and it is almost complete...
2025-01-01 17:22:53 +0000 UTC
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Are we starting to see a theme here?
Outside of US Tech, below the 200 WMA, close to the Wave 2 pull back zone, not in Wave 5 and with a Dividend.
Savvy investors may consider looking to conserve capital in luxury items during a market correction as this is historically seen as a Safe Havens
$LVMHF is also substantially down from its 2023 high at $1000 and sitting at $656 now...
2025-01-01 16:38:46 +0000 UTC
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From a Technical point of view, this is very attractive but with one very clear disclaimer, the price has not reached the 0.618 Fib at 64.30. So we still have some time to wait before considering a position here....but it is pulling back to a level that we simply can not ignore.
Again, this is the Weekly chart:
$ASML is in a very similar situation to $AMD but it's fundamentals are stronger, particularly its FWD PE and Net Profit Margin, this is a Dutch company and like I said before, it is the Apple of many Europeans eyes.
This is the weekly chart above for clarity:
Really struggling to find support and is likely going to test its September low again at $8.
A double bottom is not a concern but support needs to happen soon or this will continue to suffer in search of support under $8.
I would still prefer $CLSK over $MSTR.
2024-12-31 18:10:54 +0000 UTC
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Up +1% today and when this happens the market reacts poorly, we did see a small pull back yesterday, so market bulls will want a lower high next and rejecting, which would then allow the 10YR to pull back further and retest the wedge breakout level again....with the hope that support does not hold.
Right now, this is not looking likely and unfortunately this is in a bullish set up....and ...
2024-12-31 18:04:09 +0000 UTC
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Mixed signals here for $DELL, price pulled back to the 1.618 Fib but has since lost the 50 and 200 Day MA and it looks like the 50 will cross the 200 Day MA shortly which will be a bearish indication.
That being said, price has so far held support exactly on the 0.618 Fib at $110, so it has held where it needed to, but this is where the bulls need to step in, losing this level and $99 is ...
2024-12-31 15:05:16 +0000 UTC
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Touching the wedge breakout level now and I have it at 110p, which is also where the 50 Day MA is at too.
Any rejection at this level and I believe the 2022 low on the blue line will be tested next at 84p.....but a break and hold above the breakout level at 110p and the 200 Day MA is next to test at 140p.....above this level at the First Target is 425p
2024-12-31 14:57:09 +0000 UTC
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There is very little to find fault here right now.
A retest of the 0.618 Fib, the 50 Day MA and the ascending triangle breakout at $4 and now a strong bounce.....this is what we always look for when we wait for a retest.
I already have two buys in here now so I am happy with my position and will add again at a higher high above $5.18 which will further confirm the trend to the upsid...
2024-12-31 14:52:49 +0000 UTC
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$ONON Good start to this pull back but we want the 50 Day MA to be lost next and for the price to pull back to the 200 Day MA at $43 to complete the Handle.
Holding at $43 would be of interest to us to catch the next move higher
PT is then $96.
I would be keen to add here again a...
2024-12-31 12:41:52 +0000 UTC
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Wedbush have added Mongo as one of their Top stocks to watch for 2025.
I like how the structure is not at ATH's and we have it completing its ABC correction this year but right now the set up is not there to add.
We will need to see how the price behaves when it tests the 0.78 Fib level again at $215.
If there is a second hold here for a double bottom, then we can consider tha...
2024-12-31 12:35:52 +0000 UTC
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This set up continues to look very worrying, we have breakdown under the 50 and 200 Day MA's, in a Head and Shoulders set up and looking like the 50 Day MA will cross down through the 200 Day MA shortly for a Death Cross.
Best case scenario is that the price action holds support on the 0.618 Fib at $101, otherwise the final support is at $85.
$ARM is a company I would not touch.
2024-12-31 12:28:33 +0000 UTC
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During my morning scan, I have come across $MP's set up, I have it completing Wave C in August and the price bounced up to the top of the channel at the start of Dec and has now pulled back to the 200 Day MA and the 0.618 Fib, so as far as technicals go, this is the ideal level to pull back to.
If this price can hold at this level now, then I believe Wave 2 could be complete and another a...
2024-12-31 12:00:48 +0000 UTC
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Price continues to be under pressure as it tests the blue support line again this week and continues to reject below the 50 Day MA.
If this blue line is lost then the 0.78 Fib is next to be tested at $22.90 and below this is the final support level at $12.60
As soon as $CELH was starting to find its feet, the market had another idea and turned sour and $CELH lost all momentum.
Th...
2024-12-31 11:46:54 +0000 UTC
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$SMCI is surprisingly still holding up very well and has still not tested its 0.618 Fib yet at $29.20 during this pull back.
The price is also still staying on the outside of the steep descending wedge too.
Price is below the 50 and 200 Day MA's so the risks are still there but if a higher low is made and a firm support observed on the green Fib levels then this can reverse to the u...
2024-12-31 11:42:42 +0000 UTC
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I think it is very obvious that I would be adding Silver to this list. It is my main Safe Haven for the market correction and I have already been holding it since March 2024.
We have been presented with another opportunity to add now as the price is below the $30 support level, this is the weekly chart and we can see that we are still holding above the 50 and 200 WMA's too.
50 WMA i...
2024-12-31 11:38:30 +0000 UTC
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$NIO has been consolidating for so long now around the $4.50 level that the 50 and 200 Day MA are at the same level now at $4.84.
A long consolidation like this tells us that the market simply needs more information to change its direction.
It may need a trend on how the other models are selling under the $NIO brand or a firm positive trend that delivery numbers are increasing and t...
2024-12-31 11:30:38 +0000 UTC
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$BABA may not be for everyone but in terms of technicals and fundamentals, it is a perfect addition to out Top 10 list for 2025.
This is the weekly chart here, so we can see that we are still below the 200 WMA
We are in the Buy Zone between $71 - 87
$BABA has not been following the US Mega Caps to new ATH's this year
Fundamentals are already wh...
2024-12-31 11:25:01 +0000 UTC
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$QQQ dropped down out of the rising wedge yesterday but managed to hold above the 50 Day MA and the 1 Fib at $510.
Still showing more strength compared to the $SPY but there are two obvious concerns now for both charts, below the wedge here and below the 50 Day MA for the $SPY, this will need to be monitored and if the $SPY rejects under the 50 Day MA next then this is something that will...
2024-12-31 11:16:14 +0000 UTC
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