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Patterns simplified

Bulls: Trendline Support - looks like it’s low but consistent Wedge Down -  Sharp angle converging downward Triangle Ascending - Flat top, rising bottom Batman - 1 small top sandwiched by 2 super tops Channel Up - parallel lines going up, be careful though Flag - quick up then tight side to side Bears: Trendline Resistance - looks like it’s high but consistent Wedge Up - Sharp angle converging upward Triangle Descending - Flat bottom, lowering top Head and Shoulders - 1 super top sandwiched by 2 tops Channel Down - parallel lines going down, watch out  Reverse flag - quick down then tight side to side
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China fears again.

Looks like another doubtful day has begun with the ever elusive “deal” with China seeming like less of a reality with every day that passes.  Decided to make a tough decision and consolidate most assets into Walmart as DLTR was bleeding bad and Target suffered from an analyst report yesterday that speculates they are losing market share to Amazon.  On the good news front, Walmart reports earning tomorrow before opening bell. So the moves today are as follows.. TGT. -1000 @ 107.18 DLTR. -800 @ 106.75 WMT +900 @ 119.45, total is now 2200 @ 119.56 BABA + 275 @ 184.86
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Another so-so day.

The only major thing I saw today was the impressive rise of Planet Fitness.  They rode their positive earnings report up the escalator to gain about 4% on the day and climbing! I decided to bail out of UBER as it had a scary rise yesterday..and took even money to close the position, as usual I am probably wrong for pulling the plug too soon- but I have my hands full with the continued downward trend of my bargain retail positions. BUY TO COVER: UBER 1000 @ 26.96 =  26,960 - UBER 1000 @ 26.97 = 26,970 Gain= $10
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