The Long Investor

$HIMS

The battleground area is clearly now at the blue line at $25.41, the 0.618 Fib and the 50 Day MA, there was a large flush down to just below the blue line yesterday but somehow the bulls managed to hold the price action from making a lower low or test the 0.618 Fib.

Positive move in the PM now but we need to see the blue support line held and progress back above the 50 Day MA next, which ...

$SPOT

$SPOT is a company that I will be watching closely in 2025 to add once it completes its ABC correction.

I really admire their Moat, their CEO and their Value.

Price is in the Wave 5 range now between the 2.618 Fib and the 3.618 Fib and retesting the 50 Day MA this week.

If this level is lost next and rejects under this MA then I believe we can expect an ABC correction next. 2024-12-30 23:25:01 +0000 UTC View Post

$CURE

Healthcare sector is under pressure right now but I believe this could be an opportunity shortly

A combinations of two things, the assassination of the $UNH CEO and the RFK JR effect have sent ripples through the sector and it is still finding its feet (support)
But the underlying fundamentals of the sector are strong and embodied in US society.
I believe if $CURE can make a higher...

AF - AIR FRANCE - WATCHLIST -

Price action has been drifting over to the breakout level now and we can see that the breakout level and the 200 Day MA will likely align at €8.80

A breakout and hold above this level and I believe AF can move back up to the blue line at €15 over the next 6-12 months....I believe AF is in the same position as $AAL before it broke out

$KO - SAFE HAVEN ** TOP 10 LIST FOR 2025**

$KO is dropping down into the sweet spot now

This is the weekly chart above and the 200 WMA is at $60 right now and just slightly above the 0.618 Fib and the red support/resistance line.

So I am looking for a hold between $62 and $60 and I believe $KO will be a good contribution to any portfolio for 2025.

A hold between $60 - $62 and I believe $KO can reverse next and start mo...

$IWM

Tested the 0.5 Fib again today at our Wave 4 level, we can see that the 200 Day MA is just slightly below and above the 0.618 Fib so a test of this MA cannot be ruled out, for me I don't see a breakdown of structure yet and this has moved as expected.

If the $IWM losts its 200 Day MA and rejected below this level then I would be concerned for the structure but right now I am not

As ...

$EL

$EL has been one of the worst performing stocks for 2024 and continues to search for support.

We can see that the descending channel has been a strict resistance and has not allowed the price action to breakout and reverse.

The 50 Day MA has been assisting this resistance too.

As long as the price stays in the channel, then the final Fib level at $50 on the 0.88 Fib is still a...

$ASTS

$ASTS has come down to retest the 0.5 Fib again $20.50 again after holding support since October

We can see that the blue resistance level at $25.45 has been a difficult level for the bulls and the price has not been able to hold above this level.

A lower low is likely here next and we can see that the 200 Day MA is just above the 0.618 Fib, so while the market is showing weakness, ...

$SOFI

$SOFI has not rejected yet but the set up now is a small head and shoulders pattern and this usually signals that a top is in or shortly in.

We still haven't hit the 1.618 Fib but the US 10 YR being high will put pressure on this sector and we can see that $PYPL has held under its own 1.618 Fib too

So I would be leaning on expecting a test of the 50 Day MA next and if this is lost ...

$TLT

$TLT is hurting, it is inversely proportional to the US 10 YEAR, the FED is sacrificing Bonds right now because clearly it sees this as the least damaging direction at the moment....but I believe there could be more at play here and I am constantly brought back to the Banks, particularly those that are heavily reliant on supplying mortgages, the higher the mortgage rates, the less people will t...

$PLTR TOP 20

This set up concerns me so much that I am considering reducing my position again by -20% to just 20% of my original position.

All indications are point to me that this is in a vulnerable position and the likely scenario is a strong pull back to the white fib levels as shown.

I have made strong profits here over the last 12 months, even if this goes to $100 (which I don't think it w...

$MSTR

Continues to mimic $BTC and it too is holding below its 50 Day MA right now and just slightly below the 0.5 White Fib, I would not consider this a rejection but it is something that holders should be paying attention to.

I think $MSTR is very vulnerable if $BTC confirms its ABC correction next....it moves well when $BTC is in a bullish impulse move but amplifies to the downside when $BTC...

$NVDA

PM is showing a lot of red this morning but as we know, always take the PM with a pinch of salt, it is not a clear reflection of how the market will proceed for the day.

Support and resistance levels play the dominant role on how the market will behave.

Right now for $NVDA we have resistance at the 50 Day MA which was also at the green line at $141, so we need a higher low next ab...

$JASMY

As far as ideal set ups go $JASMY is looking very good....but it needs to hold now, the current price level needs to hold here and the set up is there.

The price is just sitting on the 50 Day MA and the 0.618 fib at $0.032

This is also the perfect higher low if this level can hold now too.

No changes to the structure either.....Alt Coins are at the mercy of the large coins an...

$HIMS

The market pull back on Friday was strong and halted $HIMS momentum, so we want to see Subwave 2 of this final Wave 5 completing next.

We can see that a retest of the 50 Day MA is likely next at $26.10, this is also in between the small green 0.618 - 0.78 Fib support levels, so this is where we need support to come.

Losing this level and the blue support line at $25.41 must do its j...

$ETH

$ETH is still holding above its White 0.38 Fib after bouncing on the 0.5 Fib

It is also holding above its green 0.618 Fib from the smaller pull back.

The concern here is still that the price is below the 50 Day MA, so recapturing this level next at $3515 will be a positive development.

$ETH and $SOL have arguably completed an ABC pull back, whereas $BTC has not this month.

$RLX - WATCHLIST -

Very nice set up and a positive start to the PM now.

I already have a position here since adding at the start of the month after breaking out of the larger wedge, so a hold now above $2.11 and I will add again.

50 Day MA is about to cross the 200 Day MA this week so this is a further bullish indication:

• Wedge breakout

• Ascending triangle breakout

...
2024-12-30 10:29:23 +0000 UTC View Post

ECONOMIC CALENDAR FOR THE WEEK AHEAD

The upcoming week, December 30, 2024, to January 5, 2025, features several significant economic events and data releases, despite the holiday-shortened schedule. Here's an overview of key dates and reports to watch:

Monday, December 30:

• Pending Home Sales Index for November (U.S.): The National Association of Realtors will release this ...

  2024-12-29 20:05:25 +0000 UTC View Post

$SPY TOP 20

In spite of the rollercoaster 2 weeks for the market, the charts have not changed and it makes my job very easy, as very little is needed to update and I can focus more on preparing us for 2025 and build on the Top 10 List.

The 50 Day MA was tested again on Friday and we covered this on the day but there was a positive response and the market did recover somewhat throughout the day as I ...

$QQQ TOP 20

It was a bumpy week but the price action is not looking concerning on the chart (in the immediate short term) price retested the rising wedge bottom line on Friday and bounced.

Price hit $517 and finished at $522 and the 50 Day MA was not needed as a test on the 1 Fib as it did the previous Weds, so this is a higher low so far.

RSI is also only at 54 too, so there is not a concern r...

$V TOP 20

$V's strength is in a world of its own right now and looks very solid and locked into a strong trend of making higher highs and higher lows and not needing any moving average is assist it as it moves higher.

This has helped us guide through the market but it is also telling us that the market continues to spend.....overall this may not be a good signal, this will also confirm that inflati...

$TSLA TOP 20

Firm rejection at the 1.618 Fib on Friday again which is good to see because we do not have a 3 wave pull back for this Wave 4 yet.

We want to see a lower low and break below the $414 level and then the $400 level to make this attractive to add at the 0.38 Fib at $354

Right now it still looks strong but the Wave 3 move was very aggressive from $210 to $488....a cooling down pull ba...

$SHOP TOP 20

I am of course very happy to see this bending down this week and showing some weakness

Big tests coming up next at the 50 Day MA at $100 and rising wedge top line

Losing this level should put this in a good position to drop down to our Buy Zone at $84 and we can see the 200 Day MA is just slightly above the 0.618 Fib at $76, this is where I'd like to add considerably to my position....

$SE TOP 20

I continue to like what I see here with a strong resistance and now a rejection at the 200 WMA, which is also our Wave 5 target.

I expect the price action to move down to our Buy Zone over the next few months and this should be an attractive add, especially if you can get this below $77.

No changes to the chart now for some time.

$PYPL TOP 20

We are just waiting for the 50 Day MA to be lost now to trigger more selling and push the price down to our Wave A target at the 0.38 Fib at $77.

Losing the 50 Day MA and rejecting and I will trim my position and add aggressively in the Buy Zone and the sooner this can happen the better, I may consider adding $PYPL to the Top 10 list for 2025 depending on its ability to move down to the ...

$MSFT TOP 20

A very clear rejection now at our Wave B level at the amber 0.78 Fib at $450 and the price dropped right down in between the 50 and 200 Day MA this week but held.

$GOOG was in this position last month until they announced the power of their Willow Chip....$MSFT needs to remind the market why they are market leaders, it has been incredibly quiet from them, which is astonishing considering ...

$GOOG TOP 20

$GOOG aligned with $AMZN on Friday and managed to hold above its respective support level at $193.

It is also looking a lot stronger now compared to $MSFT too.

$GOOG could very easily announce more details of their Willow chip and the market would get excited here again and push this higher, so I am not touching my position just yet, as long as the price stays above the green line a...

$DIS TOP 20

I would expect $DIS to continue moving down, the set up is not looking bullish here nor has the 50 Day MA been tested yet.

I really like the price action since the blue line at $84, so I expect this solid movement to continue in this ABC pull back

For me, I would need to see at least $101 or below to encourage me to add here

$BTC TOP 20

Bulls are slipping here slightly, the Market Sell off on Friday has spooked the markets and crypto so it was unlikely we would see a rally over the weekend because we don't know what way the market will open tomorrow, so the price here stayed flat.....but it is below the channel and 50 Day MA, there is no denying that this is not where the bulls want to be right now

The $SPY and $QQQ mana...

$BABA TOP 20

The bulls know the significance of holding above the 200 Day MA and have been doing a relatively good job of it since the middle of November, the HSI chart remains strong so this will relieve the pressure on the bulls and help them keep the price above the 200 Day MA but I need to see more strength before I can add the next impulse wave next.....right now I can't rule out a test of the 0.78 Fib...