napatrader

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NASDAQ:ROKU Hard to tell if ROKU will make the leap higher, but it didn't happen today. It does have a chance next week to rip higher. If this higher low sticks, then we can see ROKU fall further starting next week.

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Just passed over 200 ma and continuing to rise. Let's see how far we go. 3090 would be my next level.

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Thought today we were breaking the turn around pattern by moving up early in the day. Well that got changed around when the announcement of the failed GILD treatment came out. We are still holding the pattern as of now. It looks like we could see 2714-15 first, then 2640 to hit that 38% fib retracement. Wondering if we will bounce around that area for a while...

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Seems like levels are close to the halfway mark in the Fib retracement. We're looking at a 27% rally from the low. Not sure why the rally has lasted this long and been so strong, it could be from a short squeeze...who knows. It has to end soon I would imagine. We are heading into earnings with bad news ahead of us plus more bad economic news, so I anticipate the...

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TVC:SPX Interesting to see two recent levels have been gapped over in a short period of time. This has been a 26% rip rally so far on low volume and accumulating around the 50 fib line on the hour chart. Are we headed down from here?

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TVC:SPX It looks like we are headed into a 5th wave down starting next week. Good news has been baked in...now a string a bad news will plague (no pun intended) us for the next few weeks with economic numbers reflecting what China gave us a few weeks ago. My question is where will it end. My original number lands on 1950 from a harmonic U-shape recovery pattern,...

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NYSE:SYK Strong company in a competitive sector. Traded in the 220s in the middle of last year. Gapped down after an earning's miss. Then, it's been trading in two consecutive bull rectangles that has lifted the price closer to previous highs. Some analysts have PTs in the 220-230s. Looking for a pop over an old pivot point to continue higher. Maybe it trades...

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NASDAQ:CRON Don't mind picking this up around $6. Been trading sideways since the beginning of November, but has traded around $6 six times since February of 2018. 6 for 6 at $6. Too many sixes if you know what I mean. So does it go for a 7th time? I'll sell naked puts at $6 until then.

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NYSE:UBER No one says "taxi" anymore. The brand in itself should get someone excited about being long. There is a big future ahead for Uber and I think we are definitely seeing a turn around in price. It will be over it's IPO price of $42 very soon.

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NYSE:CMG A day after an earnings beat, Chipotle decides to veer off course. It falls right out of the channel its been creating since November of last year. With a pretty good earnings report and projected first quarter of 2020, there is definitely room to grow. Strong revenue, more locations, and changes in their menu will keep this stock flying in 2020. It's...

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NASDAQ:MSFT By starting the median line at a low point in December of 2018, you can see Microsoft continuing on an upward pattern through the first half of 2019. Then in August 2019, it seems $MSFT ended up with a bulging disc. It ran right out of Andrew's pitchfork, then it circled around until popping back into the channel on February 4th. Why the heck did...

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Wondering if we get a bounce back up before going down further as it would form the right shoulder of an inverse H&S. Hmmmm

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TVC:SPX Just a hunch, but is it possible that the markets have baked in a recession and we see a U-shape recovery. Of course, with 2nd quarter earnings to come out, the market will continue to react bearish possibly taking us around 1950. We should expect that the next 2 quarters will show negative growth in GDP indicating the recession everyone is talking...