The Long Investor

$PYPL TOP 20

Same commentary goes for $PYPL too, very little to add here and there are no changes to the chart either.

Some resistance is found now at the 2.618 Fib at $85 which is the standard level for Wave 5 to complete at.

Let's see if we can get this to move down to our Buy Zone over the next few months.

$NKE TOP 20

Very little to add here that has not been said already or updated this week after it was confirmed that Bill Ackman added again in the last quarter.

This price right now is likely lower than where they first added and their second add....we don't know for certain tho.

Price has been holding so far above $75 but still need to see more movement to the upside before confirming a revers...

$MSFT TOP 20

$MSFT's commentary is almost identical to that of $AAPL, except $MSFT has lost both its 50 and 200 Day MA's which were both at the same level at $421, which became a very strong resistance level this week.

Like $AAPL, we are just seeing resistance, not a rejection yet.

I said during the week that if $MSFT loses its previous low at $400, I will confirm Wave C.

And I will likely...

$INTC TOP 20

It's odd to say this but $INTC has been showing relative strength in the sector ($SMCI aside)......this is likely due to the fact that it has already completed a very strong pull back since 2021 and Wave C looks to have completed at $18....unlike the sector which has pushed a lot higher this year.

$INTC retested $24 this week and so far has held, I think it needs to test again before rush...

$GOOG TOP 20

I shared this chart towards the end of the week to show the perfect rejection in the Wave B range which we have been following very closely since June.

There is a clear test of resistance twice ay $183, followed by a very clear rejection now

The 50 Day MA is at the 0.236 Fib at $167 so this level needs to hold or I am calling confirmation of Wave C next.

If $GOOG can make its ...

$DIS TOP 20

What a run its been

From holding support at $83 to $115 and it went unnoticed by all....which is a lesson that if something is off the radar and still climbing, it is probably not a bad sign, means retail are not involved.

$DIS has gone as high as the 3.618 Fib now and found resistance, in an extreme case, it may go higher to $123 if retail does start buying here

But I would l...

$BABA TOP 20

Mixed week for $BABA, reported earnings and overall it was considered a beat but the revenue missed slightly and finished -2% for the day but the rest of the Chinese ADRs were green, indicating that they may have liked what they saw, as more Economic Data came out earlier in the day too that shows that consumer spending in China is still strong.

Wave 4 has infringed upon the top of Wave 1...

$AMZN TOP 20

$AMZN pulled back strong on Friday, after hitting $216 and late on Friday the price was back to the Bezos Sell line, which was the previous high for a retest.

The price did manage to hold this level and finish the week showing support but it is still not confirmed yet

$NVDA did the very same on its own previous ATH line.

If $AMZN loses this level, it will start to join the oth...

$AMD TOP 20

$AMD is under enormous pressure this week now as it continues to struggle to find support and the last chance to find support for me will be on the wedge bottom line at $131, which also aligns with the low in Sept.

This is also happening as we lead into $NVDA earnings

I will likely sell 50% or all of my position if $131 is not held and go to cash and will only reenter when this leve...

$ABNB TOP 20

$ABNB is back to its 50 Day MA after a tough week and we have seen a lot lately that prices are bouncing on this 50 Day MA and this would align with Wave B too

I do not see any Wave B yet

I will add when Wave C completes, this would be a long term hold for me.

$AAPL TOP 20

$AAPL and $MSFT continue to be red flags for us and it appears that $GOOG may be following their lead next too and i'll discuss that shortly.

$AAPL finished the week under the 50 Day MA at $225 and spent the whole week testing this MA from below but could not flip it

No rejection yet as we don't have a lower low or lower high so bulls have not lost yet and the market could still fli...

$SOLUSD - $SOL

So that's $BTC, $DOGE and $SOL all aligned almost exactly here

They have all slightly overshot the 1.618 Fib for Wave 3 and still holding up well

Only $ETH has pulled back to within touching distance of the 0.38 Fib and its $3000 level.

All are aligned which is a very good sign and all looking like they have Wave 5 completing around the end of the year.

Have some exposur...

$DOGE

Almost in the exact same situation as $BTC right now.

Price has already pulled back to the 0.236 Fib at $0.35c, a pull back to the 0.38 Fib for Wave 4 is always the target at $0.30c but we'll see how this pull back develops

Either way, holding above the Wave 4 level and the Wave 5 target for EOY is at $0.53 - $0.59.

$BTC TOP 20

$BTC Wave 4 could be a triangle as shown or a Wave 4 running flat, where the corrective wave effectively moves sideways, so far we are seeing the price hold up very well, unlike other cryptos and crypto related stocks that have been pulling back more structured.

We can see that Wave 2 took 13 days to complete so there is still plenty of time to complete this Wave 4 and still rally to Wave...

$XRP

First target hit and only took 2-3 days after breaking out of the 4 year wedge to bounce directly to the this Target and gain over +100% in this one move.

Hopefully it will slow down now and pull back for a higher low before it can move higher

I have added in the Fib support levels to show where the first support will come.

0.38 Fib at $0.96 should be observed first, as the fa...

$KO - SAFE HAVEN -

$KO has followed our chart is now testing the red channel it broke out of in June.

This is also in between the 0.5 - 0.618 Fib levels

So we should watch for a hold of support now in this range.

A hold here and we can expect a reversal to the upside, with the First and Second targets in play.

$KO is a notoriously good safe haven and has a +3% dividend.

$COIN

Ok it looks like $274 was the EXACT level for the 0.38 Fib, which was also the 50 1HR MA level too when the price pulled back

$COIN has already bounced now to $303 and up +8.7%....as we suggested in the chat group, is $COIN front running the crypto sector now?

$BTC is still holding up, in spite of my belief that it still needs more to pull back before going higher.

Either way,...

$LULU

$LULU has been kept down by the 200 Day MA for the 3rd day now after just slightly overshooting the 1.618 Fib for Wave 3.

Price is back now sitting on the 1.618 Fib to end the week too

A pull back to the $300 level on the 0.38 Fib would be the ideal move here before moving higher to complete Wave 5 which has not changed at $371

A +23% gain from Wave 4.

$COST

$COST has been able to rise +125% over the last 2 years without any parabolic moves, as the price dipped it was bought up and proceeded to go higher.

The 2.618 Fib at $861 looks converted to support now too which allowed the price to go a high as $962.

Price is pulling back now with the market and another test of the 50 Day MA is likely at $898, a hold here and it can go to the 3.61...

$CELH

$CELH has struggled on the blue line now and is dipping lower to a lower low to end the week

We have got to expect that the 0.78 Fib is in play here next at $22.

$CELH did not need that miss on earnings, it was like adding fuel to a fire unfortunately

I suspect the market will need to see firm support and consolidation to the next earnings before buyers come back here.

$IWM

$IWM has also pulled back strong so we are not seeing a rotation from Mega Caps to Small caps today.

$IWM did not touch its previous ATH line at $245 but hit $242, so we may be looking at a pull back now for Wave 4....which aligns with the crypto market too.

The 50 Day MA is also at the 0.38 Fib level now too at $222.

$QQQ TOP 20

I will cover the $QQQ in more detail on Sunday evening but it is worth observing that it is down -2.6% today, after a large sell off by the Mega Caps

The previous ATH level has not been held on the retest

That being said, the price action is still in the rising wedge and above the 50 Day MA, so I do not believe a breakdown has happened here yet.

Bulls will need to come out str...

$NVDA

I think $NVDA will hold a big key to the market

Right now we have a simple retest of the ATH breakout level at $141, price has already hit $141 but we could still see another firm test of the green line today or next week

$NVDA reports after the close next Weds, if they continue to beat estimates, then the market may not feel it is not ready to pull back yet

It goes without sa...

$PFE

$PFE has not lost its previous low but I suspect it will be under pressure until RFK Jr starts discussing his plans for the health sector

On this chart we can see that the $30 level at the 0.618 Fib has been a resistance and if the lower low is lost at $25.20 then the next Fib support is at $21.81 and this is going to be a strong confluence level with the historical support trend line

$ULTA

$ULTA is down -5% in the PM now after it was revealed last night that Buffett bought and sold his entire position in $ULTA over 2 quarters.

After his first buy two quarters ago, the price dropped from around $400 to low $300's

We don't know when he sold but the price did manage to recover to the high $300's towards the end of the last quarter

This is not common for Buffett but...

$AMAT

No changes to the $AMAT chart but I can confirm now that it is in Wave C, as a lower low has been made in the PM and has been following our chart perfect throughout this correction.

Waiting for the 0.5 Fib to hit could offer a buying opportunity and a far cry from its hgh at $255.

$ASTS

$ASTS reported earnings yesterday and the price is down -12% in the PM but to me the earnings are immaterial, no one should have expected anything from this and the company still expects to launch 60 Satellites by 2026

You are buying $ASTS with anticipation of future earnings, not current earnings, it is at the very early stage of growth and has a lot of potential.

Crucially, the pu...

$RLX - EARNINGS JUST RELEASED -

$RLX had a double miss on earnings but price is up +5.5% in the PM now

We can see on the chart that the price is reaching the apex of this triangle so a direction must be taken shortly.

A break down from the triangle at $1.55 and it is not looking good and a trend down to the blue line at $0.90c is possible

A break to the upside at $1.82, which would mean a break above the 200...

$ETH

$ETH has gone as low as $3016 overnight, with some buyers stepping in as it approached the $3000 level.

Still unconfirmed whether or not Wave 4 is complete.

I think for a lot of people in this group it doesn't matter as many have said they are not playing the waves but would be keen to add again to catch Wave 5, so once we see clear signs of a hold and reversing I will alert this. 2024-11-15 12:05:55 +0000 UTC View Post

SILVER - SAFE HAVEN -

So far we have a test of the 0.618 Fib and blue line at $30 and support has been found so far, with a nice bounce to follow as the market was uneasy yesterday.

For us to confirm that the pull back is complete, we need to see a series of higher highs and higher lows moving in an impulse wave

Recapturing the 50 Day MA at $31.50 to support would also be a positive contribution.

A...