The Long Investor

$ADAUSD

$BAC

$OPEN

$DBGI

$KWEB

Like $BABA, this has shown some great strength but again we'd like to see a pull back to reinforce this structure, we do not want this to continue climbing without any pullbacks, otherwise it will come crashing down....in my opinion.

$SPY

For this Wave 3, it is split into 5 waves, I believe we are still in Wave 1 now of 3, a bounce up for Wave 2 will be next, once Wave 2 is in, we can draw the 5 waves as part of Wave 3.

$NIO

Getting pulled down towards the close was unfortunate, I believe the $11.97 support line is now gone and we are watching for the $10.90 support red line, in order for this to be a 5 wave structure, there will need to be a relief bounce for W - 2, we will wait and see next week.

$SPXU

$SDOW

$DE

$COIN

Won't be touched until at least our target is hit.

$TSLA TOP 20

All going to plan here.

$AAPL TOP 20

About to test and very important support at $134.50

$NVDA

$INTC TOP 20

We are at a very important level now for $INTC, at the .618 FIB it is a common level for W - 2 to complete and start W - 3.

The market is weak so this may come down to another support level, which is marked on the white lines.

We need to hold above $24.60 regardless

$NIO TOP 20

Ok both scenarios for us.

Below $10.90, which brings it out of the red channel, we can expect new lows I believe.

$TLRY

Is really struggling to find support here. Parabolic moves are always the enemy, because they go up hard and fall rapidly. That is why we never chase.

$AMZN

Break down below $85.95 now is what we are looking for

$COST

Testing the wedge now...

$JPM

$NFLX

Gap fill and then rejected, what we expected.

I do not like the long term view of $NFLX, I believe their costs are too high and the market is starting to fill up.

$SQQQ

I don't short but a lot of our members do and this Short QQQ is looking very attractive now

$TDOC

$SPY TOP 20

Very important to watch where this goes as I would recommend that, at a reasonable price, this should account for 20-30% of everyones long term portfolio.

I have not bought in here yet as over the last 2 years I've been waiting for a substantial pull back.

If we can get in at 270, I will be adding considerably here.

$AMAT

$AMD

$AAPL

We want to see a break below $134 now, pennant breakdown is a good start.

$FFIE

$TXN

$CORZ

Parabolic moves here yesterday and in the PM today....cautious here, parabolic moves go up rapidly but often leave people bag holding when they drop just as fast