Offshore
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Brandon Beylo
And there's the confirmed breakdown.

The path of least resistance is much lower.

Once again, Druck seemed to time his exit perfectly. What a GOAT.

$NVDA

Nvidia $NVDA looks toppy.

Will delete if wrong, obv. https://t.co/nonPxCYr3y
- Brandon Beylo
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Offshore
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The Long Investor
$SMCI uploaded to our group on the 4th of April (top left)

Showing Wave 5 complete with support levels below.

Price is down -28% since we called the top https://t.co/auWZohU6D5
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Offshore
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Brandon Beylo
Not going to lie.

This would make for one hell of a Planet of the Apes movie.
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The Long Investor
Do yourself a big favour this weekend and put in the time to work on your portfolio.

Manage your risk.

Assess each position, categorise which ones you feel comfortable with holding for long term and which ones will more than likely affect you if there is a large decline.

Nobody should be taking on added risk right now

Options and leverage is a no go area.

Reserving capital should be your priority
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The Long Investor
$NVDA is down -9% today
$SMCI is down -22%

$NVDA has lost $185 Billion today alone.

Not a single person should be surprised by this bubble bursting

$NVDA has lost $400 Billion in value over the last 3 weeks.

$MSFT has lost $260 Billion in value this week.

$AAPL has lost $510 Billion in value since December.

$TSLA has lost $500 Billion in value since July 2023.
- The Long Investor
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The Long Investor
I think the most alarming position today for the market is how weak $AAPL has been, it has been declining since December.

A relief bounce is needed here shortly.
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Offshore
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The Long Investor
Strong rotation today out of Mega Caps.

$SPY https://t.co/docNIbDPdl
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Offshore
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The Long Investor
$META has not held below its 50 Day MA for longer than 5 days since its lows in November 2022.

Today it has lost the 50 Day MA.

This pull back is well overdue. https://t.co/TNhCnQksXo

$META has left 12 gaps behind now since bouncing at $87. https://t.co/kEijscnRri
- The Long Investor
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Offshore
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The Long Investor
$COIN still needs to complete its ABC pull back first but once it iss complete, it will continue moving higher with $BTC and $ETH. https://t.co/erbDJFw08z
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The Long Investor
$SPY is now back at its 5th of Feb level.

This aggressive decline is eating into this years performance quickly.
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The Long Investor
$QQQ is now back at its 19th of Jan level.

From 10% YTD performance to
1% YTD performance.
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The Long Investor
$NVDA tested the 50 Day MA over the last 2 days and was showing weakness, lost it today and immediately sunk -10%.

The 50 and 200 Day Moving Averages are vital for confirming trends.

We use both on the daily and 1 hr charts and that is all you need.

50 Day MA:
$MSFT - lost
$NVDA - 🟠Testing
$GOOG -
$AMZN -

If the market loses these 4, correction is confirmed.

$NVDA is next to test the 50 Day MA.
- The Long Investor
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The Long Investor
Dan, I hear you.

We need a pilot on the plane for this conference to navigate the Street and not Ted Striker…need an adult in the room for this Tesla conf call next week..big moment for Musk @SquawkStreet 🍿👇
- Dan Ives
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