The Long Investor

$LULU

Is also a stock that managed to hold at its 200 Day MA and although it broke below the ascending triangle trend line, it is still very much still in this impulse structure, with still a lot of upside potential still to go.

As long as the Fed doesn't pivot too early, then the market will continue climbing.

The $395 level remains the target to get above and hold above, then the pressure is off for $LULU, so I suspect the price will be drifting up towards here now for the next while....

$RIVN

I can't deny that I like what I see here.

The pull back back came all the way back to the 200 Day MA, at the 0.618 Fib and completed 3 very clear ABC waves and has now bounced.

Sometimes it really is like clockwork.

Especially when you consider a strong confluence level like we seen here.

Wave 5 target until the end of the year could go to $32.

$ABNB TOP 20

This is why I focused so heavy on $ABNB over the last 10 days, apart from the pull back hitting the 200 Day, the trend line and the 0.618 Fib, it is also entering Wave 3 from my chart.

So if I want to catch any chart running until the end of the year, I prefer to take a Wave 3 over a Wave 5.

I have Wave 3 running until the standard 1.618 Fib at $210 and my average is $121.

Having sold previously  at $150, after loading up heavy at $104.

50% of my members joined th...

$NIO TOP 20

Good day yesterday for $NIO, we got a very positive bounce on the two 0.887 Fibs at $8 and  it was up over 6% at one stage during the day, erasing all losses from the previous day.

The stimulus has likely helped $NIO and Chinese ADRs, and they are already performing well in the PM now too.

Right now the price is at $8.96 in the PM, we can see that the 0.78 Fib from this entire structure is at $8.94, so recapturing this level would be a positive sign.

The 200 Day MA on ...

$IWM

So far the Russell 2000 has bounced where it needed to.

On this very popular 0.5 Fib at $170 exactly.

This is the 7 time this support has held, so it is likely a traders dream to play this.

If the $SPY and $QQQ are starting to make their move higher, I suspect the $IWM will follow too.

The major variable here is the need to get above the 50 and 200 Day MA at $182 and hold for support.

$PSNY - RC -

$PSNY has bounced on the yellow trend line and has recaptured the 0.618 Fib for support, it needs to keep on working, the 50 Day MA is just above at $3.30 and the the wedge breakout level is at around is at about $3.40.

For now, this is certainly at an attractive price, however I do not recommend buying $PSNY when you already hold a lot of $NIO, both will likely follow each other, so use the capital more wisely in a different industry.

$CVNA - RC -

$CVNA is following our chart, that double top at the previous high has been as brutal as we expected, it has rejected very hard since then.

The best case scenario for $CVNA here is holding support around the 0.618 Fib at $24, to try and salvage an impulse wave....and I am being very kind here, as I believe this is a corrective 5 waves down count in red.

This is still too high risk to recommend so there is no rush to jump in here.....it needs to find support and I think a relief bo...

$PDD

New 52 Week high for $PDD today and this has not put a foot wrong.

It did not even need the 50 Day MA over the last few days to confirm support, it bounced from its own accord.

The price is now above the blue line now at $104, the best case scenario here would be a further climb and then a solid retest of the blue line to confirm support.

This chart is how I see $BABA behaving, once it can get the momentum behind it.

$PDD has been a very good hedge against this market ...

$TGT - RC -

So $TGT has done it, it has broken down from the wedge in May, rejected where the 50 and 200 Day MA met, it then tried to hold support at the First Target, lost this target and dropped down into the Buy Zone, as brutal and as straightforward as they come.

This has been a really nice chart to read.

The Covid Low is at $90 and the price went as low as $102, having bounced now on the Second target.

So is this a buy for you?

$RIOT - RC -

$RIOT has been leveling off over the last 10 days  and it is just stuck between the 0.618 Fib and the 0.78 Fib, the 200 Day MA is just slightly above, the blue line is next at $10.50 and the 50 Day MA is just slightly above that at $11.

These are three resistance levels that it needs to break through but the good news is, if it can do it and hold support above these levels, it is a strong statement that the bulls are in control and this is into the bull case.

We know that thi...

$PLTR TOP 20

Was a middle eastern conflict going to act as a catalyst for $PLTR and alter its count, very much so.

If the IDF, the US Intelligence and $PLTR themselves who are able to find these black ops, can not detect these catalysts then me in Ireland is not going to find it either.

If $PLTR rejects getting above its previous high, then it will still come down for the first Wave 2 but if it does not, it comes down for the second Wave 2 next.....Wave 2 is not complete yet.

I would not...

$DNA

It is always a good sign to see the price just sitting strong on the 200 Day MA to find support.

We updated this a few days ago and said how happy we were to see the double bottom on the blue line to keep the structure valid.

$DNA now has the 50 Day MA to negotiate with now at $1.80, a break above this level and this is looking quite bullish.

We have many members who are holders here, adding around this level makes sense.

$SE TOP 20

Needless to say I am very happy with what I have been seeing from $SE.

The price hit $45.14 today, which is exactly at the start of the gap fill.

So we can tell that the market is using this gap fill like a magnet.

Once the price enters here, we should see this comfortably move higher.

I believe we are in Subwave 5 now, so what comes next is 3 waves down but I can see the gap filling over the next few weeks/ 2 months.

Many people were down over -35% from $SEs irr...

$AMD TOP 20

Retested the bull flag yesterday and bounced, and I alerted to this in the TLI group on telegram.

I have not bought here because I had been accumulating $ABNB on the 200 Day MA, I really liked how it tested there 3 times and has now took off. So I went full conviction on $ABNB and spent my $AMD money on $ABNB too ha!.

I think both are going to move up together and both have similar trajectories.

I always say to never wait for a buy alert from me, a Buy Alert is that I have b...

$BABA TOP 20

Performing well today like a lot of stocks and Chinese ADR's, due to China's announcement that they will start a stimulus package and it could not come fast enough.

We have been waiting weeks for this...if not months.

The initial stimulus package will be for $137 Billion, I suspect they will continue until they get the job done.

I like how $BABA has not made any eradicate movements over the last 2 months and I believe this is down to their positive earnings report in August....

$SPY TOP 20

When we look back on this, we can see that this was as textbook as they come, a 3 Wave corrective wave pull back to the 200 Day MA and then it bounces, on the preferred seasality point and has bounced in a V shaped recovery.

We should have be moving up Wave 5 now, when I have subwave 1 in, I will be able to count the fives subwaves accurately....for now, the 50 Day MA at $440 is looking like the likely spot for Subwave 1 to finish.

The pull back for Subwave 2 should be the ideal s...

$NVDA - RC -

There is zero changes to this chart, I have attached the chart from May 25th to show how nothing has changed too.

The concern here is the 4.618 Fib and it looks like there is a potential Head & Shoulders forming since June till now, so if it gets rejected trying to make a new high.....this could come down.

But for now we'll respect the chart and we are possibly in Subwave 5 of Wave 3 now.

$NVDA is not a buy for me. I do not like the fundamentals. I prefer $AMD and its pr...

$U - RC -

Another popular stock for $ARK but unfortunately it is in the failed category of stocks that they have bought, along with $ROKU.

CEO announced his retirement yesterday and the stock got a little bounce but will need to show more strength before we can confirm a reversal.

I have eliminated the green impulse wave here as it has been following the WXY corrective wave correctly.

50 Day MA is about to cross through the 200 Day MA too, so the pain may not be over just yet.

$NIO TOP 20

Rough day for Chinese EV stocks, a combination of three things possibly:

1. The market expected that production numbers would be weak today due to the Chinese Holiday in the first week of October, (1300 per week, the same as $XPEV) the drop anticipated these figures.

2. $TSLA's price cuts makes them more competitive and although it appears to be more threatening to $XPEV, $NIO was affected too.

3. The possible sanctions on Chinese stocks if they get involved in the Middle Ea...

$MOS

Finding support around the 0.78 Fib and jumping over +5% today, the plan remains the same here, to see continuous strength and see signs of reversing now with higher highs and higher lows.

This is what we want to see until we get to the 50 and 200 Day MA's which are just above at $38 and $41.70

Getting above the 200 Day MA will mean a break out of the long wedge this has been in since March 2022, a break out and hold and this is into the bull case.

$ABNB TOP 20

Green now at $126 and rising, after hitting $121 at the opening and testing the 200 Day MA for the third day in a row and finding support here three times.

It is unusual to see this happen over 3 days consistently like this.

It is also above the trend line and Wave C made a lower low compared to the bottom of Wave A.....so if this is going to bounce, now is the time.

I continue to like what I see here.

$OXY

$OXY is almost a default Top 20 stock as I update it as regularly as the others.

It is an energy stock, with a carbon capture market too, it is a favourite of Buffets and offers a dividend (which is paid out on the 13th of October by the way)....so it is in a strong position to make it into our narrow list to be added.

In the last update of $OXY I said that I can see 3 waves now in this pull back....and when the price fell to between the 0.5 - 0.618 Fib, the conflict started and t...

$IONQ - RC -

Another stock moving well through Wave C too, looking measured and controlled with no surprises too.

Is it any surprise to see the 200 Day MA right at the 0.618 Fib which is the standard Wave 2 pull back Fib level?

I hope people are seeing how things develop and learning from charts like these, they are full of fantastic knowledge and insights into how EWT works.

After Wave C is complete and the price holds, we should start to see this move up again and continue along its tr...

$AAL

The worst aviation crisis in history happened in March 2020 and lasted for almost 2 years. Where airlines collapsed, 100,000's of workers became unemployed and the airlines consolidated in this time, the lowest price $AAL got to was $8.34....the price is now at $12.30, with the potential of Wave 2 to come down to the 0.887 Fib at $10.38.

If the airline industry can survive what happened when global travel shut down during Covid then it will have no problem rebounding after an increase i...

$SPY TOP 20

Over 2 hrs into the market now and very little has moved the $SPY, sitting at -0.20% right now, with a red mark at the opening.

Individual stocks are effected today; energy, defence and airlines (50% of their costs are on oil)

Overall, structures have stayed in place and the $SPY has just tested the yellow trend line from above and so far has held it.

We are seeing a number of retests of important trend and support lines today, $ABNB, $SE and $AMD being the most notable and ...

$FUBO

Down -7% on the day so far and another stock that was already in Wave C and is now on a fast track to complete its count too.

The 0.618 Fib is just slightly above the 200 Day MA at $2, so this will a confluence level and should be watched closely and respected by the price action.

A strong hold here and this can start its move up again.

Second Target at $4.60 remains the aim for the next leg up.

$XPEV - RC -

Getting hit hard at the opening today, it is possible that the market feels that any price cuts with $TSLA vehicles will have a direct effect on $XPEV, as a like for like to their vehicles.

Either way none of this is a surprise as we already believed it was in Wave C and needs to move down lower to complete this move.

The target for all Wave 2 pull backs is always the 0.618 Fib, the price is at $13.65

$PEP

Ending diagonal for Wave 5 for the whole length of 2022 and the first half of 2023...the price showed a fake breakout of the yellow channel, it did not hold and has come crashing down.

Textbook move.

Initially held the 200 Day MA, did not make a new high and then went to retest the 200 Day MA again and lost it and it has been in freefall too....and working its way down through the Fib levels now.

I suspect $PEP will continue down to the 0.5 Fib at least at $149.

$USO

This is our normal US oil chart which was uploaded here a few weeks ago with no changes, we can see that if there is a break to the upside, where is the first target at?...$129. Exactly at our US oil CFD chart I just uploaded.

The extreme price target is at $197.....but this would involve a lot of factors. I believe that the only way that oil could go this high is if the BRICs and beyond countries decide to drastically decrease oil production, this would likely create a global tension t...

$USOIL - RC -

This is a CFD on WTI Crude oil. It tracks the price of Oil as normal.

The price is up at a modest 3.4% today, which was expected but it is not excessive.

I believe this is the start of Subwave 3 now and the price will continue to climb to $129 over the next 6 months.

The price is above the 50 and 200 Day MA and the corrective Wave C pulled all the way back to the 0.5 Fib in May this year, which is a perfectly valid pull back Fib level for support.

We are in $OXY heavy ...