The Long Investor

ECONOMIC CALENDAR

Market Opening Hours this week:

• Monday, December 23rd: Normal trading hours.

• Tuesday, December 24 (Christmas Eve): Markets will close early at 1:0...

  2024-12-22 20:24:17 +0000 UTC View Post

$SPY TOP 20

The 50 Day MA showed how important it was once again this week by being the important battle ground area for bulls and bears, so it was not a surprise to see the price finish at this level as a cli...

$QQQ TOP 20

$QQQ had a notable stronger week compared to the $SPY and that is likely down to the strong run up leading up to this week, where the price had broken out above the rising wedge in a very bullish m...

$V TOP 20

Continues to be very impressive and showed no signs of weakness this week in spite of the broad market sell off.

A retest of the 50 Day MA from above may come shortly along it's journey up to...

$TSLA TOP 20

No changes to the chart and the commentary here from my last upload and now we know why $TSLA was -3.5% on Friday while the rest of the market bounced very aggressively.

Big tests coming up a...

$SHOP TOP 20

I think we were all happy to see $SHOP arcing downwards this week but again we want to see more....we have been patient with this and we can be patient a little longer until the price drops down an...

$SE TOP 20

One of the best performing positions in the market this year and in our Top 20 but it has now found solid resistance at the 200 WMA here at $118, which aligned with our Wave 5 target at the 2.618 F...

$PYPL TOP 20

OK nice rejection so far here at the 1.618 Fib at $90 and the price came all the way down to the 50 Day MA this week and has so far held support....we do want to see this level lost and come down f...

$NKE TOP 20

Bad week to report earnings, on the day directly after Weds sell off and bearish comments from Fed Powell.

That being said, it was a double beat and surprised many strong numbers.

New C...

$MSFT TOP 20

The market needed $MSFT to bounce for Wave B and it did give the market that in Dec but a weak market this week showed $MSFTs vulnerability once again and rejected very clearly at the 0.78 Fib at $...

$INTC TOP 20

$INTC approached its bottom line at $18 this week and I feel that this is very close to the bottom for $NTC but it consistently fails to start new impulse waves

Which leads me to believe that...

$GOOG TOP 20

$GOOG and $MSFT have been the weakest Mega Caps since August so it was not a surprise to see them struggle this week and $GOOG initially lost its retest of the green line at $193....which was the h...

$DIS TOP 20

There are a number of charts this weekend that need no update, the chart has been perfect and the pull back this week complimented our counts very well

$DIS was one of them

I would not ...

$BTC TOP 20

Price is still holding a higher low right now and above the 2.618 Fib at $95.6k, price is also comfortably above the 50 Day MA which was never lost....like the $QQQ.

There is every reason to ...

$BABA TOP 20

I uploaded this late this week to show that there is a concern under the 200 Day MA and that the 0.78 Fib can not be ruled out at $77

We are still in the Buy Zone now and I believe this is in...

$AMZN TOP 20

I said this week that I was very happy with $AMZNs performance and on the chart, it appears as tho it was a simple retest of an important support level at $220, as it was at $191 and $200....before...

$AMD TOP 20

This is getting a lot of attention now

It is in the sweet spot between the 0.618 Fib and the 200 WMA at $114 now, so all we need to see is a hold of support

I have shared the weekly cha...

$ABNB TOP 20

Moved very quickly below the 0.5 Fib and into the Buy Zone and quickly bounced out of it and retested the 50 Day MA on Friday, for fast moving positions like this, I wait for the pull back to a hig...

$AAPL TOP 20

Looking at this chart and you would believe that this week was completed uneventful.

A slight blip mid week but finished the week at an ATH high and continues to look like it wants to push hi...

$BA

Incredible stuff from $BA, in spite of everything this week, $BA continued to burst through all daily MA's and the 50 MA on the weekly chart and looks set to test the important 200WMA soon at $195...

$PFE

$PFE had a good week too and held up well against the market.

Price is now knocking on the breakout line at $26.50 today

A breakout and hold above this level and the 1.618 Fib level is ...

$JASMY

The bleeding has stopped here also and support was found just at the blue support line and if we look along the line, we can see that it was an important support/resistance line

Price is alre...

$ETH

Ok the bleeding stopped exactly on the 0.5 Fib at $3100 and many buyers stepped in, possibly to catch a relief bounce and the potential for a bottom but at the very least they would get a relief bo...

$RLX

$RLX managed to keep its structure in place over the last 2 days which is certainly impressive and not changes to the ascending triangle.

I have added in the white fib levels as help too.

$SPY TOP 20

PCE coming in cooler than expected was the catalyst the market needed to turn this around before the week closed out.

Up 1.28% now which brings the price action back up above the 50 Day MA, w...

$LLY

$NVO has pulled back in an ABC count now and I believe $LLY will follow and is already half way through its Wave A pull back

We can see that there is a clear rejection under the 200 Day MA af...

$SIRI

Buffett bought the dip here

After a failed breakout of the descending wedge on the 9th of Dec, the share price dropped from $29 to $20 and Buffett acquired 117 million shares when it dipped 2024-12-20 14:39:10 +0000 UTC View Post

$CLSK

Working its way down the Fib support levels and testing the 0.78 Fib level in the PM now

Any Fib level below the 0.618 Fib for a Wave 2 pull back is showing weakness to me, so support needs t...

$NUE

In a very clear ABC correction as the price tests the 0.5 Fib now at $115

Failure to hold this level and the next test is the 0.618 Fib at $95, this a Steel company that could do very well ov...

$HOOD

Dropping very nicely towards the 50 Day MA and the 0.38 Fib level now in the PM for Wave 4.

So we should be watching for a hold of support between the $33 to $31 next.

Failure to hold a...