The Long Investor

$PLTR TOP 20

$PLTR will be reporting after the close today, to kick of this week's action (along with $HIMS)
A very clear rejection so far at the $45 level, which was the previous ATH level from Jan 2021.

We can see that the price has pulled back to the 1.618 Fib, which is the standard level for Wave 3 to complete but no surprise to see it overshoot....momentum has been strong here.

My indicators are showing that a pull back is clearly needed here, with the 0.38 Fib being the target to comp...

$SPY TOP 20

I have decided to separate the Economic Calendar update now and it may even develop into a Newsletter every Sunday too, the $QQQ and $SPY charts deserve their own separate commentary.

The Market is showing mixed signals now:

PROS:

1. We have entered an historically bullish period in the year

2. Usually post US election, there is a year end rally

3. RSI is at 43, so it is nowhere near overbought right now, in fact it is in the perfect position to ...

$QQQ TOP 20

My job was very easy this weekend, there was very little for me to update on each chart, in fact the majority have moved exactly as we have thought, with support and resistance levels all being respected.

The $QQQ has had a clear rejection here trying to make it to the previous high at $503 and then further rejected again at the last Fib resistance level at $494

The good news is that the 50 Day MA has not been tested and therefore not lost, so there is still hope that the bulls ca...

Important Economic Data this week:

TWEET:

Monday: 

-$PLTR and $HIMS report

Tuesday: 

- $SMCI reports

-US Election -Chinas Fiscal Announcement

Weds: 

PMI Data

Thursday:

 -Jobless claims

$V TOP 20

$V reported this week and it was a double beat and they also informed the market that they are cutting jobs to achieve a more lean operation.....I suspect AI is automating a lot of work right now, they have 28.800 employees.....I suspect more cuts to continue.

Chart continues to look great here and this is comfortably in Wave 3 now

Making a higher high and higher low and above all important MA's now.

$TSLA TOP 20

One more pull back and $TSLA gets itself out of this corrective sideways movement for me after the ABC bounce from April to July.....this ABC bounce has made it difficult for the market to get behind $TSLA properly....but since then, moving in an A,B,C,D,E corrective triangle is sufficient, as long as the triangle holds support at $225.

A breakdown at $225 and the larger yellow wedge comes back into play and bulls will once again be searching for support.

A hold at $225 and there ...

$SHOP TOP 20

Ha I am not sure if I can keep saying the same commentary here, it's boring me now

But like $PYPL, we want to see the 50 Day MA lost here too at $77, which has been a support level for both this week

I would expect a drop down to the 200 Day MA next at $70 to complete Wave A

Buy Zone remains under $70.

$SE TOP 20

$SE, same brief as last weekend, very happy to see the break down after leaving the rising wedge

So we have $PYPL, $PLTR, $SHOP and now $SE in very similar set ups

Likewise $MSFT may be added to this list now too......there certainly appears to be a trend.

Cash is king right now.

$PYPL TOP 20

We are all very happy to see the decline here after waiting for this Wave 5 to complete post earnings.

Price has pulled back to the 50 Day MA after rejecting at the 2 Fib at $79.

We need to see the 50 Day MA lost next at $77 to see a drop to the 0.38 Fib at $72

Some may feel like playing the Wave B bounce at this stage before getting out to get back in at the Buy Zone under $70

Either way, I will be adding in the Buy Zone.

$MSFT TOP 20

$MSFT remains the weakest Mega Cap right now and there are no changes to this chart, we have been all over this.

Price is on the 0.236 Fib now at $408, losing this last support level and it is curtains for $MSFT for me

Down to the previous low at $386 and a strong possibility of completing Wave C at $350 or lower

Still a great company and will likely benefit greatly from OpenAI's climb soon.....I would add this under $350 for sure.

$INTC TOP 20

$INTC got replaced by $NVDA in the Dow Jones on late Friday and this is likely going to be a blow for $INTC tomorrow.....it is the changing of the guard and leader in the sector and in a brutal way too

Right when $INTC needed to start showing strength to reverse.

Brief remains the same here

Needs to hold above $24 for us to consider adding an impulse wave.

$GOOG TOP 20

Ok we bought $GOOG to at least catch a Wave B bounce, what is clear now is that we at least got that bounce and very clear rejection at the 0.78 Fib

It has happened very quickly too

And we are right not to react on the first test

Price has still not lost any important moving averages yet or the 0.236 Fib at $167 so a test of support needs to come

$AAPL, $MSFT and the market as a whole are on a knife edge, if it falls then $GOOG will be confirmed in Wave C.

But we...

$DIS TOP 20

Bullish flag now has formed and again $DIS has not reported yet and will report on the 14th

So the price action continues to move in an impulse wave until they report.

Price is still above the 50 Day MA too and the 1.618b Fib at $99 is looking very attractive right now to test.

No changes here.

$BTC TOP 20

$BTC has not held the $69.1k retest but has tested the top of the channel now over the last 12 hours.

This has moved in line with a change in odds towards the election now.....where it has Trump and Harris 50/50......which is a remarkable turn of events in such a short period of time.

$BTC moving with the election odds is also a good indicator for us:

If Trump wins, I expect a bullish reaction

Harris winning and there may be a delay or some sideways movement.

Bul...

$BABA

Tuesday can not come quick enough.

A number of reports have issued now that Chinese Policy makers are due to make and announcement straight after the election if Trump wins on a Fiscal Package, which will be very aggressive in terms of QE.

I do not know what will happen if Harris wins....this hasn't been reported

$BABA is certainly holding waiting for some news and this looks to be it....we just need it to hold above this confluence level until then.

Seems reasonable t...

$AMZN TOP 20

We needed two things from $AMZN this week.....a great earnings and Bezos to remove his sell order.

We got one but late Friday it was revealed that Bezos has a Sell order of $3 Billion in.

This is a $2 Trillion + company, I think the order will be bought and a new high can be made.....but it needs to be said that this is going against the grain of the other Mega Caps right now, so we still need to be vigilant of firm rejections now at the $200 level.

So far we wait, the analy...

$AMD TOP 20

The Semis got hurt this week....earnings was a slight miss but the market has come to expect blockbuster earnings from Semi's now...so any blemishes and the market loses some fate......coupled with the $SMCI fiasco and $INTC's abysmal report, it has been a difficult week here.....it could have been a lot worse had $NVDA not have ended the week strong.

There is weakness now below the 0.618 Fib and its back into its year long triangle.

We want to see this hold and keep above the low...

$ABNB TOP 20

I think $ABNB has shown relative strength for two reasons:

1. Airlines and $BKNG are pushing higher and higher and this will directly affect $ABNB, cheaper travel due to cheaper airline tickets will cause more stays.

2. $ABNB still has to report this season and this is due on Thursday after the close.

This could be the catalyst to drop down out of this rising wedge to the buy zone under $124

Bullish scenario is a test of the 200 Day MA next at $144.

$AAPL TOP 20

Three things to state:

1. Chart looks terrible, very obvious.

2. Buffett has now revealed that he has sold 25% of $AAPL again this quarter and this is likely going to hurt $AAPL tomorrow.

3. The chart has not changed, so far we have a Double Top and the 50 Day MA has now been lost.

Tomorrow will tell us more information but a move down to the 200 Day MA at $204 over the next week or so is not outside the realms of possibility now.

However, the election will dec...

$SOXL - RC -

A lot of requests for this one but very little can be updated for now.

I have added the triangle as there has been some considerable sideways movements.....$NVDA's gains have been offset by $SMCI and other Semi's decling

The big observation here is that it is holding exactly on the 0.618 Fib at $30.60 to end the week and on the triangle bottom line.

So support has been found and a turn around here is possible but strength will need to be shown here for me to add an impulse w...

$PAYC - RC - WATCHLIST -

Last time this chart was uploaded was the 4th of Jan '24, showing the decline all the way down to the Wave C target.

Price has recovered since then and moving very well.

Wave 3 hit the 1.618 Fib this week and pulling back now which is good to see

Expected support for Wave 4 is always at the 0.38 Fib, so the next target to hold is at $195

A hold here and the Wave 5 target next is at $259

$CHTR - WATCHLIST -

The superinvestors are rarely wrong which is why I was watching $CHTR closely, I did not buy before earnings but it has jumped +12% today and held above the 0.5 Fib for Wave 2.

A pull back now holding above the 50 Day MA at $333 would be your buy entry and my Wave 3 target remains at the 1.618 Fib at $556

This should be on everyones watchlist now and please do not wait for me to issue my Buy Alert if you like this company.

$ONON

Beautiful rejection again at the Second Target at $51 and is down to $46 already.

$ONON is on the list with $PYPL, $SHOP, $PLTR and $SE as likely targets for us to buy when they pull back to our selected target support levels.

We don't have to buy all four, we just need at least two of them to hit our targets and we can add.

$DAL

$DAL is as bullish as $UAL right now and also still in its Wave 3.

The ABC pull back in August came down to the 0.78 Fib and reacted very strongly on this support level.....we made the decision to buy $AMZN, $BABA, $HIMS, $BIDU, $GOOG and $AMD.....also $NKE and $PFE.....I did not add $DAL but this has jumped incredibly well since then.

The market is saying that a Trump win is likely going to reduce the price of oil and since airlines biggest cost is fuel (up to 50% in some ai...

$BMBL - WATCHLIST -

$BMBL is back to its descending wedge breakout level again now, after bouncing from $4.74 to $7.35 since its last earnings.

$BMBL also beat in its last earnings and turned profitable too.....there next earnings is on Weds the 6th, if this earnings is positive again, this will have created a positive trend....especially if margins improve again....this would allow the price to break out of this very large descending wedge.

If this can happen and hold on the outside of the wedge, we...

$LULU

Very close to its 1.618 Fib for its Wave 3 target now, after jumping +6% today.

We can see that $LULU found support on the 150 Day MA (in orange) over the last 2 days and was able to bounce to a higher high off this level.

As always, the 1.618 Fib is the target for Wave 3....it may overshoot slightly as the 200 Day MA is waiting above at $336 as resistance.

Holding on the Wave 4 level at $292 for now would be a good entry to add for Wave 5 next.

AML - ASTON MARTIN - RC -

The bleeding has stopped for now for Aston Martin but the price action continues to move across to the breakout level at the yellow line, we are still looking for a breakout and holding above this level which is at 125p now.

The trend is still at risk of moving down to the 2022 low at 84p unfortunately but I believe this is in an undervalued range right now.

A breakout and hold on the outside of this wedge and there is a move up to the 200 Day MA...which is at 155p right now.....n...

$MBLY

$MBLY has bounced very well after holding support on the 0.618 Fib at $12.14 and has since jumped up to the $16 level, which was our target when $MBLY started its decline in the late $20's

So this is an important level for the bulls to flip back to support, if this can be done then there is a move up to the 200 Day MA at $23.

But there is still risk here and I would not be touching this until $16 is converted to support.

$RBLX

We have the breakout and it has shot out of the wedge and gained +20% yesterday.

No changes to the chart either from the last upload

My daughter brought this to my attention.....she said all the kids in her class play it and they love it.

Double beat yesterday on earnings was the catalyst needed and there is a higher high now and the price is reaching for the blue line at $53.

Holding above this level and it is into the Bull Case and the Wave 3 target remains at the $...

$VICI

$VICI has finally done it, it has pulled all the way back to the 0.38 Fib now at $31.75....price needs to hold here.

I think the climb by the US 10YR has allowed this to move lower

If the US 10 YR pulls back for a higher low.....which would be perfectly normal right now, this would allow $VICI to move higher and complete Wave 5 to $35.

5.45% Dividend is paid here.