The Long Investor

$KO (FORMER TOP 20)

Is heading for the buy zone.

It has not recovered from the WHO investigation into the potential damaging effects of sweeteners in food and the market is running a bit scared of $KO.

Buffet maintains that there is no better run company than $KO, maybe with the exception of $AAPL and that is a big statement.

The more this declines, the more value becomes on offer, so lets wait to see how low this can go.

Dividend here is 3.29%.....so catching this after a large decline a...

$MGM

Continues to how $36 at the $0.618 Fib and ended today flat as it continues to find support on this level.

I am interested in this as an exposure to a travel stock and $ABNB.

I am also monitoring airline stocks too to see when they have found support.

Travel and entertainment recover as always, with no exceptions, they may take long but there is cyclical value to be found.

$FSR

$FSR closed its $170 Million convertible note offering today and the stock reacted positively to this news.

Many stocks were performing well today until the mid day slump kicked in and only the Mega Caps managed to hold relative strength across the board.

We can consider from this that the Mega Caps can recover first, while the market lags until it finds it feet.

Naturally money will flow into fundamentally strong companies first.

$FSR had a strong day and finished abo...

Cheat Sheet

A very useful Cheat Sheet to  save on your computer or phone.

We use these formations to help us find the trends on the smaller time frames, they particularly help us to find Wave 2 and Wave 4 and when to expect a breakout or breakdown. 

$DNA

I can see that this is part of lot of our members portfolio and in their Top 5 so it is a stock I will continue to update regularly.

+5% day on Friday and performing well now in the PM too, we want to see more of this and the main objective and test now is getting above the 50 Day MA at $2, as it was rejected here during the week.

I say rejected but this was due to a weak market I believe and nothing more....the count here does look good and the structure has stayed in place very ...

$CVS

Strong flush down after its earnings and losing some contracts potentially to $AMZN but it has recovered slightly since, we can see that it held support exactly at the 0.78 Fib and has bounced up to the 0.618 Fib and has so far rejected, let's see where it can find support now, if it can find support again above the 0.78 Fib, it can break higher above the 0.618 Fib on the next attempt.

At the 0.78 Fib I have set Wave 2, so we are looking for confirmation now that this is in Wave 3.

$CRWD

$CRWD as a reminder has been performing very well, I was asked why this has not been part of the Top 20 list and of course there are many stocks I would love to have in the Top 20 but I have specifically selected the list because of their exposure to certain industries and although $CRWD has exposure to Cyber security, $PLTR is a better pick for me.

Also $CRWDs overall count is part of an ABC count, so it does not follow our criteria right now as a buy and hold for long term.

In t...

$ZM

We saw a nice bounce here on Friday and $ZM has been one of those stocks where the moment you start to give up hope on it, it bounces and tests your limits.

So I believe this is a stock that you need to stick with if you are holding and give it a chance to recover.

We know what the plan is here, it needs to stay above $72 and outside of the yellow trend line, this has not happened yet, just one fake breakout in Sept....but as we know, very little was going to turn bullish in Augus...

$JBLU

$JBLU has gone straight to the First Target after losing the Bear Case support line at $6.16.

It has been getting killed and for reasons that are not very clear....as fundamentally, it is not in a difficult position.

The Spirit takeover is the only logical explanation and the market truly has not liked it.

The First Target is a potential support line, let's see if it can find its feet and bounce from here and slowly drift back up to above $6 again.

$ETSY

Below the blue line now which it could not hold but it is fighting now to recapture it.

This has not been a buy recommendation for us but we have been monitoring this closely since it broke down from the yellow channel as an exercise....if it can recapture $67 and hold, this may be worth looking at.

It needed to improve on earnings and it has posted 2 back to back positive earnings so the trend may be turning for $ETSY, we will watch to see if $67 can be flipped to a support level...

$BOTZ - RC -

$BOTZ chart looks strong and healthy and although it pulled back with the market over the last 2 months, it kept its structure very well and the impulse wave is still the dominant count here.

Getting above the 200 Day MA and the middle blue line at $27.30, will be the next big test.....the chart is slow and long term but if you want an ETF with an exposure to AI and Robotics, this is an attractive ETF for you.

$MARA

$BTC is bouncing this morning and we can see from the $BTC chart and the commentary that this has held up remarkably and has so far brushed off the $JPM policy.

This directly affects $MARA and we can see in the PM now that this is up 8%....so lets remind ourselves of the long term chart here....this chart hasn't changed.

We can clearly see 3 waves in its ABC correction for Wave 2 and pulled back inbetween the 0.618 - 0.78 Fib....is this ready to move?....it sure does look ready. 2023-10-02 09:22:56 +0000 UTC View Post

$NIO TOP 20

$NIO long term and short term (15min chart) uploaded.

The Long Term chart is the chart I made in October '22....as we can see, it has been generally following it incredibly well, entering our buyzone below $7.38 and has bounced since and so far has been holding outside it.

On the short term chart, I have added in the potential subwaves now if we start our recovery and many signs are pointing that we are.

We want to see more strength but the selling activity certainly appears...

$TSLA TOP 20

$TSLA like $GOOG are the two Mega Caps that still concern me that they could come down lower still and complete their pull back.....and I have just noticed that I had set Wave C of Wave 2 right before the earnings release around the 18th of October.

I do not look at dates when I set counts, so this is purely coincidental and we all know that there is nothing coincidental on charts. 

The good news is that I still think this is part of an impulse wave and the pull back is just ...

$SPY TOP 20

We called the bounce level and the bounce level has so far delivered. Between the yellow trend line and the 200 Day MA was our target and it hit exactly in between this area and the price is now holding back above the yellow trend line again.

We have been all over this.

The $SPY looks stronger than the $QQQ and the confluence level has delivered so far as a vital support area.

Getting above the blue line is the next test at $432, which was the high in August last year, it th...

$SE TOP 20

Very strong week for $SE and this chart was uploaded a number of times so we were ready for its movements and what to look for incase it pulled back and did not hold support above that important $40.60 line.

I think the ideal situation here is to see a pull back to show where support is, anywhere above the blue line and this is great news, if this enters the Gap zone without any pull back then I am slightly concerned that this is only a pump and not the start of an impulse wave....so th...

$QQQ TOP 20

Similar situation to $AAPL and $MSFT which is not a surprise as both of these stocks carry the two highest weights in the $QQQ, the price action has not quite made it down to the 200 Day MA and just outside the white circle for now.....partly due to these two stocks and $META and $NVDA battling to hold up too, however, both of these two stocks look weaker to me than $AAPL and $MSFT.

$QQQ is certainly showing signs that one more leg down is possible below $350 and again, like $AAPL and $...

$PYPL TOP 20

$PYPL has also bounced on the bottom of the buy zone and so far it is still too early to say that this is the start of the reversal.

A number of Fed speakers will be talking throughout the week and may calm the concerns of 'higher rates for longer'...my personal opinion is that the Fed will start reducing interest rates in Q1 2024, in line with the market starting its correction.

$PYPL is already beaten down and is at the bottom of its corrective wave, so I think this will recover...

$PLTR TOP 20

Firstly, I am not buying this bounce as anything more than an extension of its corrective Wave 2 and secondly, I am not chasing this.

$PLTR is attractive with an average at under $12, not at $15 or $16.

Their slow growth and still not profitable for the year means that they have a lot of work still to do and maintain.

I will add when this pulls back and no sooner, I will allocate my $PLTR capital into $AMD if the price does not reach my target.

$PLTR was anticipating w...

$NKE TOP 20

Earnings came out this week and the market really liked the recovery from sales in China and opened up 10% after the report.

This also happened at the yellow trend line too which is the covid low support line and from last October.

So I have added in the two possibilities now, both green impulse waves are a carbon copy of each other....and conveniently, the the top one is taken from the bottom one and we can see that Wave 2 tests the yellow trend line perfectly too.....this is not...

$MSFT TOP 20

$MSFT and $AAPL charts are now again identical and both at a very important confluence level.

We really want to call the bottom on Wave 4 now but the 200 Day MA is still slightly below and this may be needed as a show of support.

That being said, even if it comes down a slight bit more, it will further offer value, so buying here or a slight bit lower is offering an excellent adding or starting position.

$INTC TOP 20

$INTC got a bounce on the ascending triangle line at the end of this week after they opened their 'Fab' facility in Ireland this week....this was a $17 Billion investment and now it is operating.

There was a large fanfare for the event in Ireland and $INTC came out and said that they are fully taking advantage of all the tax benefits towards Semi Companies operating in Europe....this will likely benefit $INTCs bottom line.

That being said, I need to see a lot more here and specifi...

$GOOG TOP 20

$GOOG and $TSLA are my two Mega Caps that are still looking like this may come down further.

$GOOG has rejected at its 200 Day MA on its 1hr chart above and this isn't a bullish sign and while $AAPL etc have 3 very clear ABC wave counts for its Wave 4, $GOOG has only 2 waves so far, meaning Wave C of Wave 4 has not come in yet.

So this would not be my first preference to buy right now from the Mega Caps but if it can come down lower as shown, this is certainly more attractive.

$F TOP 20

Very little has changed this week considering the Detroit 3 have been constantly in the news as the UAW have ramped up their strike action.....but they have moved slightly on their demands and they are 'only' looking for a 30% pay increase.....both Biden and Trump have weighed in on this dispute too, so this is as mainstream as it can get. But yet, the structure has stayed in place and this is still in a bull flag.

The issue is that the 50 and 200 Day MA cuts through this flag and has b...

$DIS TOP 20

$DIS tested its Covid Low line at $79 and has bounced slightly, there is very little signs to show that this has bottomed or started its reversal, all we have is that it has bounced at this line and bounced at the bottom of the buy zone.

We will need to see more and I have expanded the wedge to consider all of this pull back now and the trend is still clear.

I would not be advising to rush in here at all, considering there is so much on sale right now and in much stronger and appr...

$COST TOP 20

$COST made a slightly higher high and broke above the double top level which I have shown here with two white circle, this is bullish and needs to hold above this level now.

I believe nothing is going to stop $COST moving up this impulse wave, the same way I said nothing was going to stop $COST when it broke out of its wedge in June, it has gone from strength to strength.

Holding way above the 200 Day MA and found support on the 50 Day MA this week too, this is looking good to con...

$BTC TOP 20

Amazingly this is still holding up, in spite of $JPM announcement that they will not allow crypto buying from their accounts.

This is certainly a full fledge attack on $BTC by the most influential bank in the world and $BTC barely flinched.......I think the market is still assessing this information.

But $BTC has still held the blue line and the subwave 2 as shown and this chart has been holding up remarkably well for the last 6 months.

I do not see a lot of people talking a...

$BABA TOP 20

As long as $BABA is even slightly under the blue line and the wedge, there is always a possibility that this can move lower so we will tread carefully here....we would like to see this move up with the US Mega Caps but unfortunately for the two reasons said above, it is still looking slightly weaker.

The MACD is showing that sellers have been exhausted here and there is little momentum to bring this any lower and we could see a reversal here.

This is $BABA, it demands patience and...

$AMZN TOP 20

I could not resist adding $AMZN at $123 this week, I spoke about this in TLI only telegram group and that I am happy to add here as this compliments my average and if this can come down to $120 or even lower at $113, I will certainly be adding again.

I am putting my money where my mouth is and showing how to take full advantage of market pull backs.

I spend months waiting for these opportunities and when they come, I buy, I trust my assessment of the market and my charts and it he...

$AMD TOP 20

$AMD got the bounce at the 200 Day MA and could not be anymore textboook if it tried.

As I said in the update at the end of the week, the 50 Day MA is mirroring the yellow trend line at $107 right now, so this is the important level to break out of and flip this level to a support line.

Let's be clear here, if support is found above $107, this is a buy signal, you do not need me to send a buy alert, the chart has been perfect, this is where you take control of your portfolio now.<...