The Long Investor

$BIDU

$BIDU is the one stock I want to see performing well, its fundamentals do not justify a price this low, it is very rare that a company can buy its entire share allocation with its own assets.

Price broke through the 50 Day MA and bounced strong, what we want to see is a break above the previous high at $90.40 next which will confirm the trend higher.

Something $BIDU has not done for some time.

A break above this level and the blue line at $94 is the next target, which I will...

$BMY

$BMY does look ready to move higher, this is the weekly chart, but the set up is forming here to move higher but may still take another few weeks.

Ultimately we want to see a break above the top yellow line of the ascending triangle at $51

This would allow a move back up to the 200WMA at $62

I am particularly impressed with the 0.618 Fib hold at $41 in June.

$SMCI

Moving back up to test the 0.618 Fib from below now

This is an important level now, if the bulls can recapture this level then the bleeding may have stopped, we want to see structure above this level then, so a series of higher highs and higher lows and the start of a new impulse wave, it is not there just yet.

A rejection at the $490 level will not be a good look.

$ETH

$ETH is no different than a healthy stock that has been beaten up and now people are seeing the value

It has moved just like $NKE, $AMD, $SBUX, $ABNB and $DIS

Double 0.618 Fib hold, followed by a higher high and bursting through the 50 Day MA and moving fast to the 1.618 Fib to complete this Subwave 3

Which is why we added on Friday and up 6-7% since this buy.

I intend to keep to my plan and hold $ETH until there is a new ATH above $4100

$SE TOP 20

I am seeing a lot of bullish sentiment towards $SE lately, especially as it runs towards the end of Wave 3, which is exactly what you would expect from the masses.

There is no changes to our chart here

I expect Wave 3 to find some resistance at the blue line at $88 and we will see if Wave 3 completes here.

$FUTU

Double 0.618 Fib hold here, followed by strong bounces

Price is also back above the 50 and 200 Day MA and on the outside of the triangle again.

Price needs to hold above the blue line at $72 to confirm Wave 3 and be back into the Bull Case price was not able to hold above this level in May on the retest so this is important to see next.

Impulse wave remains in place.

$MU

Not quite a clear set up here for a reversal, price is sitting in between the 0.38 - 0.5 Fib, the 50 and 200 Day MA has just made a death cross and there is no signs of a new impulse wave starting yet, just a retest of the 20 Day MA from below

$MU and $SMCI are in the same category

Whereas $AMD and $NVDA look more bullish

Even $INTC looks more attractive here as it finds support on the 0.887 Fib and consolidating.

I would need to see a hold above $97 to see a possible...

$NIO TOP 20

$NIO is sitting on the 0.236 Fib in the PM now, after pulling back to the 0.38 Fib twice last week and holding, so testing the higher fib now and holding would give us a higher low.

It is also sitting in between the 0.236 Fib and the 200 Day MA, so the price is likely going to get squeezed here now and we can see that the blue support/resistance line cuts through this area now too

This significance of this is that if we get a break above the previous high at Wave 3, then we have o...

$SPY TOP 20

Consumer Confidence Data, PCE and GDP will be the big ticket items from this weeks economic data releases and will help confirm whether the Fed made the right decision to announce a 0.5% Rate Cut this week and will help shape their plan for the remaining cuts for the next few months.

$SPY made a new ATH this week and finished the week back testing the breakout level at $568 now, with the level at $565

Like I said a number of times today, next week is statistically the worst perfor...

$QQQ TOP 20

$QQQ gave us a clear wedge breakout this week, it is still lagging the $SPY as this has made a new ATH, mainly lagging due to $NVDA's performance.

$QQQ bulls still have a bit of work to do here as the price tests the amber resistance fib level at $486 next, above this level and we are looking at a ATH retest and then things become interesting, a break and hold above this line and we are heavily leaning towards a melt up scenario and extreme euphoria across all asset classes.....this may...

$V TOP 20

$V ran last week and performed very well in spite of the volatility and macro influences, now we are starting to see signs of a pull back which is welcomed.

The amber fib levels is where we are looking at now, where the 50 and 200 Day MA's are at the bull channel breakout point and in between the 0.5-0.618 Fib range....making this a very strong confluence level, so a pull back to this point and holding is a very clear buy signal, so let's pay attention to this area this week and the fol...

$TSLA TOP 20

I have mentioned a few times today that $TSLA and $GOOG are offering the best set ups from the Mega Caps right now, $GOOG is slightly less riskier because in all scenarios, a bounce will likely continue....$TSLA on the other hand has just broke above its 200 WMA but has not converted this level to support yet at $234.

If the bulls are successful here, we could be looking at the start of an impulse wave, the double 0.618 Fib hold here is attractive but the the bounce since May has been i...

$SHOP TOP 20

We have been watching to see how $SHOP handles its 200 WMA here at $78, like I said before, it did break above this MA at the start of 2024 but on the retest the price could not hold and this was followed by 8 months of decline

So we will see how the price manages this MA this week, ideally we want to see a pull back to a higher low as shown and where I have set the Buy Zone, between $63 and $67.

$SHOP I will add to once we get a pull back....otherwise, I will wait for the 200 WMA...

$PYPL TOP 20

The Wave 4 pull back to the 0.38 Fib at $67, which was also the blue support line worked perfectly here.

If the price action can stay above the 1.618 Fib at $75 and consolidate, Wave 5 can complete higher as shown to $85.

Again, happy with my current position and the deserving profits but I will add next only when $PYPL completes an ABC pull back after Wave 5 has completed.

$PLTR TOP 20

Very little has been able to slow this down

CEO Karp selling $350+ million recently worth of stock and a possible rumour of a 2 million share public offering did not seem to make much of an impact.

No retest of the channel either.

$ARK has been offloading their $PLTR stock all week too with little impact too.

I am still holding my position and do not intend to do anything with it but I won't be adding again until a meaningful Wave 4 pull back comes in.

$NKE TOP 20

$NKE chart has been beautiful and I covered this a lot this week and this set up, so no changes here to the chart or my thoughts on this. Wave 3 is the target at the 1.618 Fib at $99.

This will also bring the price up to the yellow historical trend line, so recapturing this level means a significant reversal signal and puts the price back into the Bull Case.

From $70 ro $88 in 4 weeks has been a nice move.

$MSFT TOP 20

$MSFT continues to move like the other Mega Caps in our Top 20, with the exception of $TSLA

Still in the possibility of being in Wave B and moving back up to test its ATH level again.

Again holders do not need to do anything right now with this current set up

I still believe $GOOG and $TSLA offer possibly the best set ups right now

$INTC TOP 20

$INTC has not given us the same set up yet as $DIS, $ABNB, $AMD and $NKE but the price has bounced on the $18 level and remains in the Buy Zone.

The 50 Day MA is just above at the next Fib level at $24.50, which was also the Wave A support level, making this a confluence leve.

A break and hold above $24.50 and we can look at adding a impulse wave here next, right now this can still move sideways are consolidate.

$GOOG TOP 20

$GOOG and possibly $TSLA are offering the most value right now I believe, $GOOG still has some margin to go to either complete Wave B or test its previous high, the 50 Day MA is the next hurdle at $169, a break above this level and the trend will be confirmed further, I think this set up offers the lowest risk out of all of the Mega Caps right now, which is why we have added 3 times here.

A retest of its ATH level again is a strong possibility if the remaining Mega Caps do the same.

$DIS TOP 20

$DIS, $NKE, $ABNB, $AMD, $SBUX.....all reacting the same way lately and it has made my job very easy

Hold here on the green 0.618 Fib provided the set up to bounce and it has reacted perfectly

Above the red channel and 50 Day MA now and on track to move to the 1.618 Fib over the next few weeks

200 Day MA is conveniently waiting at the Wave 3 level now.

$BTC TOP 20

The price is testing the 200 Day MA a number of times now so the market is fully aware of the significance on this resistance level, it is still unclear whether the price can break above this level and make another attempt at the $69k level next, we simply cannot rule out a pull back as shown with this current set up.....unlike other positions where we see a clear double 0.618 Fib hold, we can easily add the next impulse wave but we don't have that clarity here

$ETH for me remains a bet...

$BABA TOP 20

$BABA enjoyed this week and has moved perfectly in this Wave 3.

The retest of the wedge breakout provided the set up to complete Wave 3 and the price finished at the 1.618 Fib to end the week.

As always, this is where we would expect a pull back in normal circumstances but if the HSI continues to move higher to start next week, this may push this higher so I do not recommend playing these subwaves, I certainly won't be.

I would prefer to just add when Wave 4 completes.

$AMZN TOP 20

Very strong end to the week for $AMZN and in the last hour there was a notable rise and finishing the week at $191, which is above an important resistance line.

Holding above this level and $200 can be attempted next

The entire market is aware of the significance of the $200 level, the ATH line and the Bezos sell line, I would like to think that his sell order is gone but if he liked selling at this level before, he may do it again....this may be a difficult line to break above if...

$AMD TOP 20

Important week for $AMD next week, price is back up to test the 200 Day MA after a very impressive double hold on the 0.618 Fibs since August.

We can see at the end of August that the price rejected at the 200 Day MA and pulled back for a higher low on the 0.618 Fib, so breaking above the 200 Day MA will be important here to flip this moving average to support and again, $164 is an important level too for the same reasons.

I have added another smaller 0.618 Fib, incase a smaller p...

$ABNB TOP 20

$ABNB had a great week and finished the week at the 1.618 Fib above the 50 Day MA....this is where we would expect a pull back for Wave 4 next and the the 0.38 Fib is also aligning with a retest of the 50 Day MA here too.

A hold on this confluence level will attract me to add to my position here.

$AAPL TOP 20

The majority of the Mega Caps are moving in a similar way right now, bouncing to their previous high levels, the $SPY has already made new ATH's but the $QQQ and the Mega Caps are lagging behind the market now.....$NVDA and $GOOG playing the largest part in this lag.

I believe if $NVDA breaks out of its wedge, all Mega Caps will then rise together to their previous ATH lines.

$AAPL looks like it will test this line shortly but next week is historically the toughest week for the ma...

$SQ

I will continue to share as many charts as possible with this double 0.618 Fib hold, it has proven to be a very valuable indication for us lately.....and it is rare to see so many set ups at the same time like this

This can happen when we continue to monitor undervalued positions that have completed strong pull backs

$SQ has not taken off like $PYPL or $AFRM yet but the set up is certainly there, just the 200 Day MA next at $68 to break above

If the price action can flip thi...

$RKLB - RC -

Not quite at the 1.618 Fib at $8 yet but getting closer, holders here should continue to stick with this, we saw how aggressive $ASTS moved when the momentum was behind it, no need to trim until there is a clear rejection

I would like to see a test of the 1.618 Fib and then reject to complete Wave 4....controlled structures over parabolic moves will always be my preferred set up, no changes to the chart however.

$NKE TOP 20

How many times have we seen this set up this month and then take off, exactly as planned.

$NKE got a catalyst with the introduction of the a new CEO but quite clearly the chart was showing a potential move higher next.

A hold on the 50 Day MA between the 0.5-0.618 Fib provided the perfect setting

Higher high now and routing towards the 200 Day MA at $93, so I have added the 1.618 Fib and the impulse count, with a target at $99 for Wave 3....which is also the historical suppo...

$TGT

I have been slow with $TGT because I am more inclined to add $ETH next but equally the set up here is looking very attractive.

Holding above the 200 Day MA, after a double 0.618 Fib hold from August and this month is a set up we have took advantage of this month and will likely do the same here too.

I am not in any rush to make a lot of buys this month, we have boxed extremely smart over the last 6 weeks and it has paid off for us, so I want to continue with this approach.

B...