The Long Investor

$CLSK

Important observation here for $CLSK

Although it is above its 2.618 Fib now for Wave 5....the 2.618 Fib at $14.85 was EXACTLY the support level that held in the channel from Feb - July

So this is a very strong support/resistance level

If the price manages to hold above this level, or even slightly lower at the 200 Day MA at $14.45 then $CLSK has flipped a very important resist...

$SLV - SAFE HAVEN -

$SLVs movement is still moving exactly as SILVER but their dollar values is different by about $2's

So how I chart Silver will be how I chart $SLV....likewise, a buy alert for Silver means a buy alert for $SLV.

Safe Havens have been pulling back as the liquidity enters the market and some positions, particularly Cryptio related have been running very strong.....but let's not take o...

$NIO TOP 20

Incredible that we are still in this position after almost a month later

This tells me that the market needs more information to make a decision here...and it's likely the same for most ADRs....$BABA's earnings could be the catalyst, as it was in August

$NIO and $BIDU will then report at similar dates in 10 days time.

I am still not overly concerned where $NIO is right now eit...

$BABA TOP 20

$BABA was not added yesterday evening but there is nothing to add here that we do not already know.

Nice to see green today and the 0.5 Fib support held still.

Today is Singles day for $BABA and up next will be their earnings report on Friday before the market opens....I expect another beat and this could be the trigger to move higher....as it did in August.

$LYFT

Up another +6% today and up from $12 to $18.80 since holding on the outside of the wedge.

Price looks set to test the blue lines next at $20.80

The big action could still come next if the price can flip $21.48 to support and then there is a move to $38

Ideally a pull back to the 200 Day MA comes next at $14.50 before running to the blue lines.....if there is a hold of support ...

$ETH

$ETH has moved as expect and aggressively, which is a common sight when there is a long consolidation period....$SOFI, $BTC, $PYPL etc have shown us this lately too.

The hardest part is always sticking with your strategy during the consolidation period and adding.

$ETH is on the cusp of testing its 1.618 Fib at $3320 and as always we are on watch then for a test of resistance and a ...

$NVDA

$NVDA is still comfortably above its green line at $141 and although it is red today, there are no concerns right now for the chart and a retest of the green line from above and holding will be a show of strength and encouraged.

$NVDA holding above this line and bouncing to our First Target at $161 and the market will have a difficult time starting its correction.

This is not the fi...

$SOFI

$SOFI is certainly feeling the love lately and has now jumped from $7 in Sept to $14 today.

The 3.618 fib is at $15, which would make this bounce extended but we are seeing this happen on a lot of charts lately

I would not be adding here and booking some profit here makes sense, be cautious about fighting this trend, parabolic moves like this have strength and shorting too early ca...

$IWM

$IWM is running to its ATH line at $245 where we have our Wave 3 target, remember that $IWM (Small Caps is not in the same count as the S&P 500, it has been lagging significantly

Another example when heavily correlated positions lag one another, the gap is the opportunity and eventually they do catch up

$BTC - $ETH
Gold - Silver

$PYPL/$SOFI/$AFRM - $JPM/$BAC

I...

$HIMS

Like I said in the chat group, after successive strong climbs over the last 10 days and up substantially now from our buys, there will be many who will want to book profits.....no person has ever gone broke from taking profits...that being said, I believe we are in the middle of Wave 3 here and the 1.618 Fib target at $34 is the target.

We must acknowledge that the blue line is a strong r...

Economic Calendar and Earnings Expected this Week.

Tuesday will be a big day for earnings for us, as a lot of the regular stocks we cover will be reporting before and after the close so I will spend Monday and Tuesday focusing on these charts.

Weds: we have CPI, which is very important, any increase in CPI will throw a spanner in the works and the market will likely not react well to the uncertainty that it brings.....Druckenmiller and P...

$SPY TOP 20

The Melt up level right now for me is at $632, which is only +6% from this current price.

Touching $599 this was week was symbolic as we approached the $600 level, where only a few analysts believed we would touch this level this year.

So running to $632 would be a stretch but this is what happens in a Melt Up scenario, everything goes extended.

I think $SPY will likely have n...

$QQQ TOP 20

$QQQ really turned things around this week, likely brought on by the performance of $TSLA, $AMZN and $GOOG

The Tech market has now caught back up to the $SPY and finished the week comfortably above the previous high line at $503.

I do not see a top right now at this current level, we would need to see a retest of $503 and see if this level holds, if we do get a hold then we are stro...

$V TOP 20

$V took off this week and it is a far cry from the blue support line now at $252, up +20% now and still another +20% to run now until the Wave 3 target at the 1.618 Fib

This does appear to be ahead of my projection, so $V could be highlighting the melt up scenario

It certainly did show signs to us that the market was looking to move higher when it held strong after hold on the blue ...

$TSLA TOP 20

Simply lovely here from $TSLA

Elon is getting rewarded for his full support behind Trump and the market feels $TSLA will likely benefit from Elon being Trumps right hand man.....he is already joining Trump on negotiating calls.

I think having someone like Elon in your administration is probably the best addition you can have.

$TSLA has hit exactly at the First Target to end th...

$SHOP TOP 20

I am torn here because I am up +55% on my position here this year but I do want more shares

The pull back held exactly the same as $PYPL on the 50 Day MA and the wave of bullish sentiment post election helped propel this higher, which is not what I wanted to see, as I have this high on my agenda to add....but only at a discounted price, as I already have 3 buys in and will only add Buy 4 ...

$SE TOP 20

$SE continues to hold below its 1.618 Fib and $95 and we want to see the price reject at this level now and move down to test the 50 Day MA and the blue line at $88 - $90

Losing this support range level and we can expect the 0.38 Fib to be tested next at $82.

Holding here and you have your entry point to catch Wave 5 to $112-$120

No changes to the chart from the last few weeks...

$PYPL TOP 20

$PYPL is still holding strength and the pull back post earnings has held support on the 50 Day MA, my plan was to trim if the 50 Day MA was lost but it held, so we need to assume that Wave 5 is still on here to the standard 2.618 Fib at $85, where it was before earnings.

I was looking forward to adding $PYPL lower but we may have to wait a little longer until Wave 5 completes

In the...

$NKE TOP 20

$NKE has shown weakness now but there are three valid points to be made now

1. The pull back has been in 3 waves (part of an impulse trend)
2. Support has been found so far on the 0.78 Fib

3. We are deep in the Buy Zone now.

$NKE I suspect needs another earnings to show that it is trending in the right direction, so we may see some sideways movement here under $82, if I see...

$MSFT TOP 20

Like I said under the $AAPL chart, if $MSFT and $AAPL can flip bullish then I think we can confirm a year end rally and the Melt Up scenario....but these two have more work to do, especially $MSFT.

The good news is that it has found support again on the 0.236 Fib at $408, I am not seeing an impulse wave develop here but it can still bounce to its $470 high line and help the market and sti...

$INTC TOP 20

Broke cleaning through the $24 resistance level after breaking out of the triangle and retesting before bouncing.

Price is looking good here to test the 150 Day MA next at $27.30, clearing this level and the 1.618 Fib and 200 Day MA will be the target at $31.60, a +20% jump from here.

I think if $INTC retests its $24 level from above now and holds, then you have a buy signal to add ...

$GOOG TOP 20

$GOOG was a real winner for us this week, it needed to bounce or we were looking at trimming our position and it bounced beautifully on the 150 Day MA and back now into the Wave B range

A bullish move next week could get this to break out of this range and push to its ATH line at $192, this would then allow the MELT UP scenario case to come into play if the price holds above $192

We...

$DIS TOP 20

$DIS this little beast is flying under everyones radar and just not getting picked up but it has been moving beautifully

Hit our Wave 3 target this week and finding some resistance

A pull back to $93 next and holding on the 0.38 Fib will offer an opportunity to catch Wave 5 next

The 50 Day MA is aligning with the 0.38 Fib too

10-15% in a structured move for a short term ...

$BTC TOP 20

$BTC took 7 months to break above the $69.1k level and when it did, we said a retest of such a strong resistance level was needed, market provided that 1 day before the US election....the perfect set up if Trump won.

And when it was obvious he was going to win the price has taken off, and has already burst through the 1.618 Fib for Wave 3 as an overshoot.

Lets see if it can get to $...

$AMZN TOP 20

The Bezos line did not hold and in spite of him declaring that he will sell more, the volume and bullish sentiment is strong.....as it should be too, the price is only +10% higher than it was in 2021 and every metric has improved since then.

Current Market Cap is $2.1 Trillion, I see no issue with $AMZN being a $4 Trillion market cap company over the next 2 years.

ABC correction pos...

$AMD TOP 20

I was very happy to see that support was found this week on the 0.78 Fib at $141 and the price is already at $147 now and back out of the wedge again.

Still work to do here but with $NVDA's earnings coming up and $INTC reversing, then $AMD has a very straightforward route at least back to its $164 level, where the 200 Day MA is still at, so the confluence level is still present, the bulls...

$ABNB TOP 20

I uploaded this on Friday so we are well aware of the set up right now, a pump and dump post earnings and I believe $ABNB is in its Wave 2 pull back now

I am a buyer at $129 and below, this has not been following the market to new ATH's

So I am happy to be adding this at our buy zone.

$AAPL TOP 20

Very simple here, if the market can turn $AAPL and $MSFT bullish then I believe we have a clear melt up scenario, pending no surprises from $NVDA's earnings.

$AAPL chart still has a lot of work to do and the 50 Day MA was tested into the close on Friday, this level at $226 needs to flip to support and then $237 can be attempted again

$AAPL and $MSFT bulls still have a lot of work to...

$ADA

Few people have asked for $ADA....but it was shared on the 23rd of October (attached)....price was $0.31 and now at $0.61

Still no changes to my Wave 3 target at $1.22

This was the commentary on the 23rd:

Cardano has been consolidating for some time now under the 0.618 Fib but above the 0.78 Fib and looks ready to move higher when $BTC decides to make its move to a new...