1) $HIIQ Announce 100 Million Buy back repurchase (33.53)
Stock Gapping up was +2 through $35 I like to see some gap fill pull on this back to $33.75-$34 area and under then bottom curl it then slow move back to $36+ today on it
2) $ACHV re-hashed PR from February regarding advancement in cytisinicline (2.45)
Stock Gapping up +$3 imo this is nothing more the re-hashed crap and would look to fade this all day long, so if this pops at all at the open on chasers towards $5 watch for topping on it and look for an all day fade on it, imo
3) $RKDA receives FDA approval for some Cat Food (6.99) OMG! Really? “Cat Food”
Stock Gapping up +$3.5 to me this is nothing more then a pop and fade the news, Most of the gains have been given up in Pre-Market, If However this pops again at the open towards $9.5-$10 watch for topping on it then look for this to fade for the day, once lower lows set in your should be able to catch .50-$1 still
4) $TLYS Earnings Miss (11.46) issues downside guidance
Stock Gapping down -$1 I would like to see small pop at the open possibly through $11+ then look for this to fade all day long to $9.50 area if this pulls hard at the open to $9.5 and under would look to go long on the stock for a quick 1 point bounce or more then look to short the stock
5) $HEAR Earnings Mixed lowers guidance (16.25)
Stock Gapping down -$2 imo I like to see some pop at the open towards $15.50+ then top it off then look to fade the stock for an all day fader on it, if this pulls hard at the open watch for the $13.50 and under area bottom curl on it then look to bounce it for 1-2 points on short covering, I would prefer the pop at open on short covering then fade the stock
6) $ZUMZ Earnings Miss and downside guidance (23.68)
Stock Gapping down -$1.5 imo if this at all small pops at the open towards $23+ look to scale in short for an all day fader on it, if this pulls at all at the open watch the $20 and below area and shorts will come in and cover their and bounce this 1-1.5 points before fading again, the bigger the pull at the open better the trade for us on the short covering bounce then short it again
7) $HTHT Earnings Beat (36.12) raises guidance
Stock Gapping up +$2.5 imo this should shoot out of the gate through $40+ then watch for topping look for a nice 2-4 point sell off on the name then bottom curl on it then long it, if this at all pulls at the open on profit taking to $37.50 and under look to long the stock for a nice slow all day move to the upside
8) $DOCU Earnings Mixed (58.85)
Stock Gapping down -$3.5 imo this will and should be bought up today, imo this should not have sold off at all yesterday so today look for any pullback at the open towards $55-$56 an under as a BUYING opportunity on the name and take it back up, if this pushes at the open towards $60+ I would short it for 2-3 points to the downside
9) $TSLA Lots going on over their BUT imo this weakness will be bought up (289.96)
Stock Gapping down -$10 I like to see this gap fill back up towards $288-$291+ then look for slight pullback on it but look for more of an upside move on this, if this pulls at all at the open (wish it did) look for a nice flush out to $277-$279 and under then look to go long the stock for a nice range play to the upside
10) $ULTA Earnings Blow out AGAIN (312.51) Multiple PT upgrades
Stock Gaping up +$15 would love to see this squeeze out of the gate another 5-10 points then top it off then look to pul it back 7-12 points on profit taking then look for bottom curl then slow move back to highs, YOU must wait for this to show you at the open, personally I like the pop and fade but be careful don’t get in to big with size on the name it has range and moves in points
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Notable Calls:
$AVGO Earnings Beat (268.20) Gaping up +$14 I like to see small pop at the open like to get through $285-$287 if it comes look to give it back down to $272-$273 and under on bottom curl then look to go long back to highs, wait for the pull back on it to go long, this could gap fill even to $270-$271 but the earnings were nice so be careful, when you start long Nibble but let it squeeze at the open first if it comes then you get more range on the downside
$ADBE Earnings Miss (267.69) Gaping down -$10 would like to see small pop at the pen towards $260-$262+ then watch for topping on it then look for a nice all day fader on it back down for lows, if this pulls hard at the open to $255 and under would nibble long and look to short cover bounce it back up to $260-$262 before shorting again
