The Long Investor

$SBUX

$SBUX reported earnings yesterday and again it was a miss, making it the 4th miss in a row....they knew they needed to do something in the last quarter and that is why they changed CEO.

The m...

SILVER - SAFE HAVEN -

I want to share the larger picture of Silver that we have been using since Feb ' 24, when the price action was still in the yellow wedge at $22 - $24.

Bullish Cup and Handle formation, follow...

$TLT

Druckenmiller has certainly has me thinking over the last few days and he has a 20% total allocation short against US bonds, which is not a small position.

From a technical standpoint, it's a...

HSI

It's moving slowly but moving in the right direction

We have a higher low now but fell just shy of making a higher higher today, so going above 20,960 and we have a higher high which will con...

$IQ

Ironically, this is exactly how we want $NIO to behave and it is showing signs of following.

$IQ retested the 0.618 Fib and over shot it slightly below the 50 Day MA which was also at the con...

$VICI - WATCHLIST -

$VICI is pulling back after finding some resistance at the 1.618 Fib at $33, so we are watching for a higher low next on the small green fib levels I have added.

Price has already gone betwee...

$CELH

There are no changes to this Inverse Head and Shoulders pattern

The price action hit exactly in the centre of the right shoulder and on the 0.618 Fib today and has so far held

Price nee...

$SLV - SAFE HAVEN -

This is the ticker we recommend for Silver if you can not buy Silver as a commodity.

They are moving exactly together in terms of their movements but their dollar values are slightly off.

$NVDA

$NVDA has cut through the $141 level to make a new ATH with very little resistance

Price also hit $144 today, what bulls want to see next is a firm hold above the $141 level and they can expe...

$AMZN TOP 20

$AMZN looks like it is moving sideways here under the $189 level but we can see clearly that there has been a retest of the wedge breakout level this week and a bounce

We can also see that th...

$PFE

This wedge is getting tight now and we have a double 0.78 Fib test now, first test came in the middle of August and now again on the shorter pull back.

The wedge apex is also aligning with th...

$SMCI

We have 1 buy in for $SMCI, we want 4 more buys and right now we only have 20% allocated into $SMCI

So far we have a rejection at the $49, however nothing has changed to the thesis here, we a...

$AMD TOP 20

I suspect there is some play acting here as $AMD leads into earnings next week.

Since the start of 2023, $AMD has always bounced after its earnings report and it looks primed for another boun...

IMPORTANT NOTICE - BILLING -

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I...

$ELV - RC -

I liked the Impulse Wave count to $567 to complete Wave 5 but the the pull back has been very harsh here, accelerated by a missed earnings report and a difficult 12 months ahead for margins.

...

$MSTR

$MSTR buyers are still not showing any concerns they have towards $BTC and have bought the dip. Price is already testing the First Target again now......remember, $MSTR front ran the $BTC move from...

$NIO TOP 20

We are still holding at the confluence level and holding this level since Thursday now. There was another test of the 0.65 Fib at $5.05 yesterday too and held.

It is still not clear that this...

$BIDU

I am not happy with $BIDU's pull back as a Wave 4 now, since the pull back is below the 0.618 Fib and bordering on infringing below the top of Wave 1, I can not consider this as a Wave 4 pull back,...

$ETH

$ETH has also failed the breakout so far too and has not held on the $2670 level to stay out of this triangle, likely down to $BTC also rejecting at its breakout level.

Same commentary theref...

$BTC TOP 20

The $69.1k level is not going to be easy to break out from, it has been a resistance level since March for a reason, so not breaking out with one attempt right now is not a surprise.

Bulls wi...

$BTI - SAFE HAVEN - WATCHLIST -

$BTI which is up there as one of the best performing safe havens this year is now pulling back and it is certainly welcomed.

It has bounced from $28 to $39 and a pull back to the 0.618 Fib an...

$SMCI

A very clear ascending triangle is being formed here now under the $49 level at the 0.618 Fib

It is also clear that the $49 level is an important resistance level, reinforced by being the imp...

$HIMS

$HIMS is up nearly +5% today after another Upgrade from BofA, a week after its latest upgrade

PT now is $25.

So if we consider the pull back down to inbetween the 0.5 - 0.618 Fib levels...

$TGT

I am not seeing any concerns yet with $TGT, it is staying around its 50 and 200 Day MA but above the 0.5 Fib support level at $150.

A pull back to the $146 level on the 0.618 Fib would be sta...

US 10 YR

Just about at the 200 Day MA which we have been expecting now since the start of Sept.

We want to see the price action reject at this level and come down but it may go above this level and on...

$OXY

Some support has been found on the 0.78 Fib at $51 and the price is testing the 0.618 Fib again at $52.33 today.

I always feel a lot more comfortable when a price retakes the 0.618 Fib on a W...

$BBD - RC -

Is still in this downward channel but appears to have held support on the blue support line at $2.22 which was also the support line in 2020.

Pulling back now after struggling to stay above t...

$LYFT - WATCHLIST -

$LYFT continues to look very attractive here

A break out of the wedge, followed by a retest and hold, then after the $TSLA 10.10 event the price bounced and looks set to test the 200 Day MA n...

$NVO - RC -

$NVO is moving to plan here, the 50 Day MA has been lost and there is a clear trend down to the next amber Fib level atv $109 next.

A retest of the 50 Day MA is still possible but a rejection...

$CVS - RC -

On the long term chart, $CVS is holding a critical support level that has been in place since 2003 and bounced very well on it this year, helped by the blue support line that has also been in place...