The Long Investor

$HIMS

Fantastic earnings across all metrics and EPS beat by +65% above estimates. The YoY growth numbers were mind boggling and $HIMS continues to exceed expectations and deliver on their projections.

Price action jumped as high at $43.10 yesterday on a negative day for the market, if the market was green we would have likely seen the 2.618 Fib get hit at $44.60 to complete Subwave 5.

Price is down -6.3% in the PM now as we anticipated, so the abc pull back can happen now.

A lot o...

$PLTR TOP 20

$PLTR reported yesterday and EPS hit its target and revenue beat by +2.5%.

Yoy growth and margins were still good but there was significant lack of wow factor from this earnings.

And certainly not strong enough to justify the current valuation.

P/S is still above 100 and the FWD PE has increased to 174.

$PLTR's price right now for me is about 2-3 years ahead of where it should be.

I see no value right now adding and I suggest taking profit at this stage.

...

$O

Reports after the market closes today.

We can see that $O's entire move has also originated since the 2009 GFC now at $13, went as high as $82 in 2020 but has fallen in a corrective manner since.

The only bullish formation I see right now is the large triangle but it would not be the most reliable bullish triangle and can easily break down if earnings are weak.

I believe the dominant count is as shown, with Wave C coming back down lower and testing the lower white fib suppor...

$HTZ

$HTZ jumped mid april after it was revealed that Bill Ackman bought a significant stake in the struggling car rental company

Price jumped from $4 to $9.30 on this news and is now pulling back.

The impulse wave can still be saved but it must start holding support now.

The 0.5 Fib is the ideal level to hold at $6.31 and the price is just at this level now.

The lowest support level that must hold is $5.58 or there is an infringement upon the Top of Wave 1 and this will me...

$ONON - WATCHLIST -

$ONON is at an important spot right now as it tests the 200 Day MA having broken above the 50 Day MA last week.

The 200 Day MA is at $49.60 now so a break and hold above this level and the next test is the blue line at $56.

A hold above the blue line and it really gets interesting for $ONON as there is a technical upside target of $96 possible.

$OXY

Is due to report their earnings on Weds, price is down today as output is expected to increase shortly and concerns that a recession will reduce demand.

The price action has already tested the standard 0.618 Fib at $34.70 and has bounced, so bulls would like to see a higher low now held with this small pull back.

A higher low and the price action can move back up to the channel again above $42.

Until then we can not confirm the start of a new impulse wave.

$SOLUSD

$SOL like $ETH has been showing signs of reversing now after two strong pull backs over the last few months.

I have added in the small white fib support levels if $SOL loses the blue support line at $144 and tests the standard pull back levels for a higher low next between $118 - $125

Once $SOL holds on either levels, subwave 2 can be complete and I believe there is more upside next and the 200 Day MA at $181 will be the next target.

$ASTS - WATCHLIST -

$ASTS is on the higher risk scale as they have very little revenue but their moat is strong......and very strong, which is why I am keeping this at the forefront of your thinking right now.

If you look at Simply Wall St's Fair Value, you won't believe your eyes.....its at $770, yes $770 and the price is at $25.35 right now.

Take this with a strong pinch of salt.

But it does explain how important their moat is.

My long term chart has not changed either, a hold above the...

$NVO

Just as an observation and I get obsessed with the positions I own, here is another chart on $NVO.

I uploaded one earlier too but the Fib support levels I used on that chart were taken from the low in 2017

BUT if we take the GFC 2009 LOW, the price action this year pulled back extremely well to the green 0.618 Fib at $59 and held, and now bounced.

My brief remains the same, whether its from the 2017 low or the 2009 low, holding support at $65 will be my next buy target.

US 10 YR

While the masses got distracted by earnings last week, the US 10 YR retested the wedge support level, the 200 Day MA and the 0.618 Fib and held and today is bouncing.

This is not what a bullish market needs to see, nor is it what Trump wants either.

We know that earnings were not bad, guidance were showing some uncertainty but the Mega Caps did not concern the market and Q1 was before the Tariffs were imposed, so companies likely stock piled leading into this date.

We must n...

$LVMHF - TOP 10 -

TWEET:
$LVMHF another stock in its full economic cycle since its 2009 GFC low at $49 and climbed as high at $1005 in 2023 over 14 years.

In it ABC correction now and so far found support on the 0.5 Fib.

This can be enough to complete Wave C.

If Wave C is complete here then a reversal back to $1000 is possible next.

Downside risk is still the standard 0.618 Fib at $415.<...

$LMND - RC -

A lot of people got excited about this ticker in November when it went parabolic and we did not entertain it.

Because with all parabolic moves, the reverse is just as harsh and $LMND is no different.

Price has pulled back from $53 to $24 and has so far held support on the 50 and 200 WMA which merged exactly at the 0.618 Fib at $27.

When there is a strong merging point like this, it is known as a confluence level.

If there price can continue to hold here then a reversal...

$MSTR

The impulse wave is messy here but still valid.

Price pulled back very steep to in between the 0.5 - 0.618 Fib range and went as low as $230 but did not infringe upon the top of Wave 1, so Wave 4 is still valid even though it was very steep and went a lot lower than the typical 0.38 Fib retracement for Wave 4.

Price is now back above the 50 and 200 Day MA and the blue support line.

Holders seem to be perfectly fine with being diluted every few months here and are trusting S...

$NVO - WATCHLIST -

I have started a position in $NVO on Friday and bought at $68.

Remember we don't aim to buy the bottom, you can not confirm a bottom and the potential bottom here was at $57....and was not on any MA's or fib support levels.

Regaining the 0.618 Fib at $65 encouraged us to add and now we are looking for a second buy entry.

We are still in the first wave bounce here and I believe a test of the 50 Day MA at $73 could signal the end of the first wave and we will get a pull back f...

$ADUR - WATCHLIST -

This is ideally what we want to see next, a small 3 wave abc pull back to the 0.38 Fib at $5.13 and holding.

The 200 Day MA is exactly at $5 right now, so it cuts in between the 0.38 fib and 0.5 fib (not on this chart, this is the 1hr chart)

So a test and holding on either level then we have another clear buy signal to catch the next wave higher to complete Wave 5 at $7.

I will alert when I add again.

$PLTR TOP 20

No changes to the chart or commentary.

$PLTR has come very close to testing its previous high but has not been able to do this yet in the PM.

Chart is still valid and Wave B can have no issue overshooting the blue line at $125.41 and still be valid.

RSI on the daily chart is already in the overbought territory at 77leading into earnings later, this is a walking red flag.

BUT do not underestimate the cult following this company has.

MAGA supporters can continue t...

$HIMS

It is Earnings Day and we got the strong run leading up to earnings.

Two big points to make:

- We have 5 waves up, which means it is the start of a new impulse wave, this is what we wanted to see.

-Also, 5 waves up leading to earnings can also mean that we must expect an ABC pull back for a higher low next.

Where the Wave 5 tops out is what we will be watching next, so far the price has run up to the 2.278 Fib in the PM and the standard Wave 5 level typically tests th...

The LIT Sunday News

Warren Buffett to Step Down as CEO of Berkshire Hathaway After 60 Years

Succession Announcement

Warren Buffett, the 94-year-old “Oracle of Omaha”, announced he will step down as CEO of Berkshire Hathaway at the end of 2025, marking the end of one of the most iconic careers in global investing. He named Greg Abel, vice-chair of non-insuranc...

$SPY TOP 20

As I shared under the $QQQ and $BTC charts this evening, all three positions have held exactly at their respective resistance levels to end the week.

Like I said under their charts too, this is not a rejection, this is simply a test of an important resistance level.

The FED will report their Interest Rate decision this Weds and 2pm EST, so there may be some volatility early next week as the market digests how it feels it will go.

Trump obviously wants Powell to Cut but Powel...

$QQQ TOP 20

$QQQ and the $SPY finished exactly at the 50 WMA to end the week.

Are we surprised that the price action finished at this level this week? history has shown that a retest of the 50 WMA does typically happen when there is a fall down to the 200 WMA and that is how we played this and this is what happened.

And this was in spite of a LOT of mixed messages from Macro Influences, a very vocal trade war and a battle between the President and the Fed.

The chart does not lie and hi...

$V TOP 20

The flawless chart continues to impress and move as expected.

Price is now above all important moving averages and continues to move higher in a controlled manner.

Next test for me will be the Wave 3 level at $366.

A break and hold above this level and Wave 5 is confirmed and at the very least going to $411 then.

$TSLA TOP 20

Very little I can add here that has not been said already and I uploaded this chart again during the week to show that the price held very well on the 200 WMA and now above the 50 WMA and the 0.618 Fib, which is confirming that there is a bullish trend.

A retest of the 50 WMA and the 0.618 Fib at $272 would also be welcomed to solidify this as a higher support level....this would also encourage more buyers back to $TSLA and one more buy signal too.