$SPX YTD Performance -4.04% Q1 - Worst Quarter since 2008 Q2 - Best Quarter since 1998
$PTON convincing breakout from the 1.168% Fibonacci extension of the Dec-March decline 🚀 Next test; 2.618% extensions around $68.
Slack testing its IPO day highs, earnings tomorrow. ~$40 is the level to watch. A break and hold above the IPO price would be very constructive longer-term.
All-time Monthly Closing High for the Nasdaq 100
Smartsheet Inc. Ticker: SMAR Industry: Software Entry: $57.88 or better Stop Loss: $56.48 Price Target: $70.00 Risk: $1.40 Reward: $12.12 Reward/Risk Ratio: 8.66
Facebook Inc. Ticker: FB Industry: Tech Entry: $224.20 Stop Loss: $218.48 Price Target: $267 Notes: $224 was former resistance - should now act as support Risk: $5.72 Reward: $42.8 Reward/Risk Ratio: 7.48
Appian Corp. Ticker: APPN Industry: Software Entry: $63.77 Stop Loss: $61.99 Price Target: $85 Risk: $1.78 Reward: $21.23 Reward/Risk Ratio: 11.93
General Electric Ticker: GE Industry: Industrial Entry: $6.44 Stop Loss: $5.47 Price Target: $9.00 Notes: Mean Reversion Trade, Failed breakdown of the Dec. ‘18 lows w/ bullish RSI divergence Risk: $0.97 Reward: $2.56 Reward/Risk Ratio: 2.64
Ticker: NBIX Industry: Biotech Entry: $126.98 Stop Loss: $118.74 Price Target: $165 Notes: Breaking out of a multi-month base Risk: $8.24 Reward: $38.02 Reward/Risk Ratio: 4.61