The Long Investor

The LIT Sunday News.

Quantum-Computing Stocks Plummet After Nvidia CEO’s Caution

2025-01-12 21:03:15 +0000 UTC View Post

$SPY TOP 20

$SPY commentary is almost identical to that of the $QQQ chart I just uploaded so please review this chart when you have a chance.

Big decider this week will be how CPI prints, if it comes in ...

$QQQ TOP 20

The $QQQ had shown relative strength compared to the $SPY for the last few months, as the price stayed in the rising wedge, above the 1 Fib at $510 and above the 50 Day MA but this was all lost thi...

$V TOP 20

This is certainly something that needs to be paid attention to because $V has not been showing any weakness over the last few months and suddenly the 50 Day MA is lost this week and the price finis...

$TSLA TOP 20

The plan remains the same here, the ideal place to hold for Wave 4 is always on the 0.38 Fib and this is where we would like to see support confirmed.

The 50 Day MA has moved up very well and...

$SHOP TOP 20

A very common theme this weekend is the price action losing the 50 Day MA support level, this is across the board on a lot of stocks in different sectors too.

Price has gone very close to the...

$SE TOP 20

$SE finished the week retesting the 50 Day MA but we would like to see this level not flipped back to support and reject at the 50 Day MA and move down to the Buy Zone

We can also see that th...

$PYPL TOP 20

A clear flush down through the 50 Day MA this week as we have been waiting for, so I am very happy to see this happening, so we can add more in the Buy Zone before this runs away on itself

I ...

$NKE TOP 20

$NKE has lost its final Fib support level so the next test is the July low at $70.75 and the price action is very close to this level.

The Covid Low is at $60, so this is as close to the bott...

$MSFT TOP 20

A lower low has not been made here just yet but the chart continues to concern me and I am still leaning on $MSFT being in its ABC correction while being below its 50 and 200 Day MA here.

$40...

$INTC TOP 20

Consolidation range looks to be under threat and if a lower low is made next below $18 then there is a possible large drop to the bottom blue line at $12 which was the 2009 Great Financial Crash bo...

$GOOG TOP 20

$GOOG and $AMZN have been holding relatively well and the price action finished here on the green line at $193 to end the week but on the upside of the bullish wedge too

So bulls are in contr...

$DIS TOP 20

Very happy with the chart here, no changes for the last few months and the 50 Day MA has now been lost too.

I still expect a drift down to the Buy Zone next over the coming weeks/months and i...

$BTC TOP 20

$BTC and the US Market continue to mirror each other and both are below their 50 Day MA right now after a rejection below this level on Friday.

A lower low has also been made here too, so the...

$BABA TOP 20

We are still not seeing any momentum towards a reversal here yet and the price effectively finished on the 0.618 Fib but below the 200 Day MA to finish the week.

Again the bulls will need to ...

$AMZN TOP 20

$AMZN still remains the best looking set up out of all of the Mega Caps now for me....with $GOOG a close second.

The $220 support level was lost this week so this is the concern but bulls can...

$ABNB TOP 20

$ABNB could not start its new impulse wave and decided to pull back for another retest of the 0.5 Fib, for me right now this needs to show support before considering a buy here.

A lower low i...

$AAPL TOP 20

We will see on the charts uploaded today that there was considerable weakness shown on Friday across the board for the market and the Mega Caps and it should be putting us on alert for the week ahe...

$QQQ TOP 20

This is just an observation because I wanted to see how far the price action has gone above the 200 WMA in the last 24 years, and the highest breadth between the two was in 2021.

And their si...

$TSM

$TSM reports before the market opens on Thursday and it is one of the first Mega Caps to report and a vital link for all of the Mega Tech companies

$TSM makes chips for: $AAPL, $NVDA, $AMD, $...

US OIL

This is a significant gear change for US OIL.

However there is no changes to this US Oil chart, this is what we have been using for the last 2 years.

We can see that there has been a br...

EARNINGS FOR THE WEEK AHEAD

Banks and the Financial Sector dominate the earnings this week and the seasons officially heats up when these guys are reporting

They will give us a first glimpse into how they see consumer s...

SILVER - TOP 10 - SAFE HAVEN -

Silver is guiding us.

We can see in March '24 that Silver jumped from $22 to $32 in 3 months, a +30% jump for a safe haven like Silver is astronomical and it jumped because in April '24 the m...

$ETH

With $ETH's current set up and rejecting at the $3700 level, I find it hard to see any other set up right now and believe the price will make a lower low and come down to the 200 Day MA between the...

$PEP - SAFE HAVEN -

$PEP continues to pull back and is on a strong course with the 0.618 Fib at $137, significantly below its 200 WMA at $168 too.

With a dividend of 3.8% this is a very attractive safe haven at ...

US 10 YR

The root of the problem on Friday is very clear, this US 10 YR.

It aggressively pushed higher and it also does not look like the pain is over right now.

It is hard to see how the US 10 ...

$OSCR

Clear rejection at the 50 Day MA at the 0.38 Fib at $15 and the price pulled back on Friday, I have added in the green fib support levels to show where we would like to see a higher low in order to...

$NVDA

This inverse head and shoulders pattern is not pretty but still valid and can still bring the price action back above the $141 level and to the Wave 5 target at $160

That being said and I'll ...

$HIMS

Big flush down at the opening yesterday and below the 0.618 Fib but did not touch the yellow bottom line in the descending wedge, strong recovery then and where did the price action finish the day?...

$AMD TOP 20

I wanted to add the $AMD chart earlier than tomorrow because I know a lot of members are keen to hear my thoughts on the price action from yesterday

But I think many members will know what I ...