The Long Investor

$WDAY

Following nicely through this ABC count.

$PINS

Consolidating within the channel now, above the Amber (A) and we could see the bull case. Otherwise it is following the ABC count.

$BYD

Buffet reducing his allocation in BYD may not be a good sign here.

$VIX TOP 20

Ascending triangle lost it's momentum as the market pumped, wedge formed now as the market waits, a breakout and we are in Wave 3.

$NVDA

Nice bounce on the .618 Fib, came down to retest again and found support above the .618 Fib, this is a good sign. 

$SPY TOP 20 UPDATE

I think the best way to show how W - 2 can look is by looking at a previous W - 2 on the same SPY chart....both Wave C's are looking similar, very extended, no significant pull back and once they have peaked, it dropped rapidly...triggering Wave 3 which was very aggressive....my thoughts are the same here.

This is my interpretation of the chart, traders do not need to follow my chart here, Long term investors want to see this break down, so we can add when it is lower when it gets to o...

$COIN

Wave 4.

$NIO TOP 20 UPDATE

Drawing Wave 2, we look for an ABC count, three waves and once the count has three clear waves it is valid. For NIO, it has been increasing and decreasing 10-15% almost daily lately, making very clear waves but almost making it very difficult to decipher.

What remains important is whether or not it can get back into the channel, shown here as an ascending red line. What's even more coincidental is that the popular 1.27 Fib line, crosses the red line at the exact spot where this wave is...

$ETH

Still under some strong resistance lines, first the wedge and the $1600 bull line flip.

Buy zone is quite large here but I feel $700 will be tested at some stage.

If you want to see more Crypto updates, please like this post.

$ADA

I have not posted Cardano in a long time but it has come down to our first target and bounced, testing the trend line now, it may break above to test $0.40...a break above this and it's bullish.

However, unless Bitcoin and Eth turn bullish, I would be surprised to see this go above $0.40

$XPEV

It has been up and down with $NIO but $TSLA's price cut seemed to damage $XPEV a lot more. Like Nio, it is still in the bear case and needs some strength to turn this bullish, a new local high would trigger it...for now, the chart is bearish for me.

$FSR

Getting very tight now into the wedge. Let's see which way it breaks.

$BABA

This is the possible ABC count that $BABA is experiencing now, this move up has been fast and almost parabolic in the last few sessions....no significant pull back so it is likely an ABC count and not an impulse wave.

Short term bullish and a move from $58 to potentially $125 would have made a lot of people happy but I would be waiting for Wave B now to add.

$KO TOP 20

Bill Ackmans negative comments towards Coke and Pepsi this week may have triggered this down further at the start of the week, it is incredibly slow to change it's trend once it starts, Wave 3 is next too.

$HD TOP 20

Also in Wave 2 here, a break down below the yellow diagonal line should confirm Wave 3.

$AMD TOP 20

Getting very close to our buy zone now, not much changed here and still comfortably in the yellow channel. 

$F TOP 20

It is still possible that $F could follow the amber line to $16.50 before starting Wave C , rejection under the yellow line again and it will follow the first Wave C.

$PLTR TOP 20

In Wave 4 now, possibly one more subwave before it's move down to complete Wave 5 and our target.

$QQQ TOP 20

Very similar to $SPY, zooming out and they are almost identical. A bounce at previous support on Friday got some people hopeful, I think I've laboured on enough today about this today. The trend continues and the length of the red ellipse is the likely target after a break down from the bear flag to complete Wave 3.

There would need to be a substantial shift in policy, interest rates and CPI for bulls to be in control here again...in the short term, you must remember that interest rat...

$AAPL TOP 20

It is due a small bounce here, it may try and recapture the support line (in yellow) that it broke through fairly easy, but ultimately this will come down again. The trend is very clear here and it is not complete yet and should go lower.

$SPY TOP 20

$SPY has been trading in a bear flag now and although Wave 2 is longer than we expected, the macro case has not changed. It is vitally important to take a step back and not focus on the 1hr, 2hr or 4hr chart...I rarely look at these because you will miss the overall trend.

Bear flags are not bullish, it is likely the market preparing for an announcement. It is also smart money getting out before a drop, which is why you may see some excessive movement upwards and people fomo in thinkin...

$GOOG TOP 20

Similar to a few others, we have added Wave A in blue...I am waiting for this to drop below the $84 support line and I suspect it may move fast then.

$AMZN TOP 20

I have also imposed the Wave A blue pattern on top of Wave C, as we can see, Wave C is a lot steeper, which should make it shorter too. Nothing new here to report, it's behaving the same way and following our trajectory since we made this chart a few weeks ago now.

I also think $AMZN may be the next company to hit our Top 20 Long Term target.

$MSFT TOP 20

$MSFT finally started to show movement this week along our count. I have imposed Wave A (in blue) on top of Wave C here to show a potential bottom and pattern....as we can see, a number of large bounces came through this pattern but the trend is clear. The first bounce on the blue wave for W - 2 was quite high too....which surprised me how many people think that the W - 2 we are experiencing now in Wave 2 for the SPY is bullish, this is very normal. 

$TSLA TOP 20

Remains our top chart and behaving nicely, some wanted to see it hit $98 at the 1.414 exactly before bouncing to start Wave 4, I hope people understand now that prices do not have to hit exactly the fib levels, like I said in a previous post, most people just chart zones of where a bounce is likely....I haven't started this yet.

I do not tend to jump in and out of investments either to catch bounces, it's not how I like to invest, traders certainly do very well here. My aim is to take ...

$BTC TOP 20

Desperately holding on for dear life in this bear flag on it's final support line, possibly only saved due to the market bouncing on Friday. Back to back bear flags is in no way bullish and the trend is a clear step down.

$INTC TOP 20

$INTC continues to be a rare one for me, as it is possible that the bottom is already in, it's fundamentals are very strong and has already pulled back substantially and found support...although at a very low Fib level at 0.88, it is still valid and bounced very strong! It is possible that Wave 2 is now complete and it is on Wave 3 now...my only concerns is that the market could still drag this down, otherwise, this is what we want to see on our $BABA chart.

$NKE TOP 20

As we alerted in our last $NKE update, looking like a very neat ABC count now. I have set Wave A (amber)at the 0.5 Fib, this is the likely spot for a pullback, it can happen before or after, this is why a lot of chartist will set Wave A complete in a zone between Fib levels instead of a price.

$ABNB TOP 20

Firmly in the downward trend and following our trajectory nicely, likely bounce towards the end of last week with the market but appears to be Subwave 4 of Wave 3.

I've noticed a large descending wedge (in yellow) forming now and getting tighter as we approach March, any breakout of this wedge and it may turn bullish, fundamentals are still quite high at a PE of 36 if it were to break out now.

Have a great weekend.

That's it from me today folks, I am off to bed shortly to wake up at 4am to do some flying. We had an eventful week and I suspect this will continue for the next while as the market grapples with the impending decline.   

As always I will upload the Top 20 Long Term charts over the weekend, with the majority of them being done on Sunday.   

I hope you all have a great weekend, take some time off away from the markets and enjoy some time with friends and family....