The Long Investor

$NVDA

This has been an horrific day for $NVDA, losing nearly $300 Billion in Market Value and considerably more since its earnings day.

$NVDA can not be in a subwave 4 pull back now so its pull back is going to be a lot stronger.

The 0.618 F...

$HIMS

I have a lot of $HIMS right now and I am happy with my average and this is a core stock for me that I will be holding as long as their impressive growth trajectory remains in place.

I am not considering adding here at $14 on the 200 Day MA b...

$ASTS

Pulling back nicely now but still not somewhere I would like to see anyone chase at this level

The blue line and 0.38 Fib align nicely at $25, so this is a level you should be watching for support, a relief bounce could come here

But t...

$NFLX

$NFLX is having some difficulty at this $700 level

It was the high from 2021 and from July this year.

It is moving like $AAPL and the $SPY so I expect this to continue, bulls would need to convert the $700 level to support for me to a...

$BA - RC -

$BA has been inundated with negative news lately which has been a common theme for BA for the last year now and the share price is reflecting this sentiment

Price was struggling to hold on the 0.618 Fib level at $172 and with talk of the emp...

$ZS - WATCHLIST -

$ZS continues to behave strong after testing its 0.618 Fib twice at $151

Price is back up to its 200 Day MA and there is a small battle going on now to convert this level to support.

Bulls need the price to stay above $200 and confirm ...

$TMF - SAFE HAVEN -

Up nearly +4% in the PM now to kick off the month of September

Tom Lee has also come out this morning to say that he expects a market pull back over the next 6-8 weeks which brings us up until the end of October

Our weekend Top 20 upda...

$HOOD

$HOOD has hit is 50 Day MA and its Red 0.618 Fib (which is a resistance level, not a support level) and has so far rejected

We have said that this bounce since $14 is unlikely to be anything but a Wave B bounce, inspite of it dropping all th...

GOLD - SAFE HAVEN -

Gold broke out of of its 4 year range in November '23 above $2100 and has taken off since and we have been monitoring its impulse wave since October '22

We can see that the pull back in October '23 came back to its 0.618 Fib and held at $180...

$NIO TOP 20

There is not a lot of Green in the PM today to start off this month of Sept but $NIO is up +1% which is always welcomed

Traction may start to be building on the anticipation of $NIOs ONVO model

On the Chart, we do have a channel breako...

$YINN

We have been covering this since the start of the year, when the price was below $16 and still in its descending wedge, since the break out in Feb, the share price has been moving well but also consolidating under $30 but in spite of it being a 3 ...

$F - 5.3% DIVIDEND

If you buy $F, you hold it forever, it is one of the oldest companies in the US and has been through every cycle imaginable and continues to strive, it has taken its time to fully adapt to the EV move but I suspect when they make the transition, t...

$X - WATCHLIST -

US Steel is hurting in the PM now after remarks made by Harris this weekend:

** Democratic presidential candidate Kamala Harris...

SILVER

Price was not able to break above the $30 level and needs a pull back before another attempt can me made, so with the 50 Day MA lost here too, I have added in the green fib levels from Wave C to $30 and we can see clearly that the price action is ...

$QQQ TOP 20

It is fitting that the $QQQ chart is looking almost identical to the $NVDA chart because this company is in the driving seat here

And a lot of the Mega Cap companies contribute heavily to $NVDA's revenue too

So they are massively inter...

$SPY TOP 20

The discussion from the last few weeks remains the same here with the market.

We are now into September, which is traditionally a very weak month for the market and October, starting particularly in the 2nd to 3rd week in Sept too.

$SP...

$INTC TOP 20

$INTC management took aggressive action this week and hired experts to advise whether they should sell off some departments in the company to free up value or split the company

This is a very big decision for a company that has been in the S...

$NKE TOP 20

$NKE too is also identical to $DIS

Held support on its final Fib support line at $73, bounced and now pulling back to test a higher low.

The 50 Day MA is testing the 0.5 Fib now at $77, so this would be an area of interest for big fans...

$DIS TOP 20

Nice controlled movement here from $DIS, it has bounced on its 0.887 Fib support line at $83 and now giving us a pull back to where we had already set our green fib support levels to show us where potentially a higher low can come next.

$AMD...

$MSFT TOP 20

I have not updated this chart in months so I am leaving it as it is and see how it unfolds.

$MSFT and $AMZN followed each other this week and both tested their 200 Day MA and held with a bounce

Price is still between its 50 and 200 Day...

$V TOP 20

$V and this chart have been spotless

Held on the blue support line at $252, broke above the 200 Day MA and the bullish channel and has broken out cleanly now

A retest of the 200 Day MA at the channel breakout level at $270 is very pos...

$PLTR TOP 20

$PLTR and $SHOP are both in the same category for me right now

I hold both and like them but need to see more of a pull back before adding to my positions right now

Both have been big gainers for us this year and the plan is to continu...

$SHOP TOP 20

I think we all know where we stand here, I wrote a long commentary last weekend on my thought process here and that remains in place

We did start to see a pull back this week so we want to see more of this now in Sept and a move down to the ...

$TSLA TOP 20

I spoke just now under the $GOOG chart that it was in a mixed position and $TSLA is also in this position too

It has rejected trying to get above the wedge trend line on the 20th of August and then pulled back to retest the 200 Day MA and fo...

$GOOG TOP 20

$GOOG is in a questionable position right now, it is struggling to gain momentum, it is not looking as bullish as $AAPL but also has not tested its 200 Day MA like $AMZN and $MSFT did this week

So the market is taking its time now with asses...

$PYPL TOP 20

$PYPL is updated regularly throughout the week and what we are waiting for now is a good entry point to add next.

I have this moving up to the 1.618 Fib next a $75 before needing a pull back and I am particularly interested with how the 0.38...

$BABA TOP 20

There has been back to back positive news flowing for $BABA this week and this week ahead $BABA goes live trading where mainland Chinese investors are allowed buy $BABA, which could possibly open up as much as $5 Billion invested towards $BABA

$ABNB TOP 20

$ABNB had my attention for a lot of the week, we are seeing a consistent hold on the 0.618 Fib above $115 and above the small green Fibs above the $115 level too.

I have not added here yet as we have a higher low but not a higher high yet ab...

$AMD TOP 20

Mixed messages here from the indicators, the RSI is showing a very healthy bounce on the 30 oversold level but the MACD is showing that the trend is slightly bearish, at least in the short term....we also have a clear rejection at the 50 and 200 D...

$AMZN TOP 20

$AMZN finished strong on Friday up 3.7% and finished a good month for us at $178, having trimmed at $187 in July and rebought again at $160.

We are catching either a bounce for Wave B or the Melt Up Scenario and will stick with $AMZN until w...