1) $CLVS FDA accepts application for new use of Rubraca (8.90) Former runner
Stock Gaping up +2.60 LOOK for LONG at $11.50 pop at open for quick push to $12-$12.50 then watch for the pullback, this thing can run and volume is thick this morning so be ready, IF this small pops at open and lower lows set in look for fade to $9.50-$10 spot and under then watch for bottom curl, this should get a lot of play today. Lets see if it runs
2) $NIO Secures 1 Billion in funding (3.76)
Stock Gaping up .50 cents like to see small pop at the open towards $4.40-$4.50+ top it off then gap fill this back down to $4 and under then bottom curl it then slow all day move to the upside, if this yanks on profit taking at the open to $4 and under scale in long for bottom curl and slow all day move to the upside
3) $PCG Citi decides to wake up and see what I see (only a month later) $15 PT (11.92)
Stock Gaping up +.68 cents like to see small pop followed by a decent pullback to $12-$12.10 and under then bottom curl it then slow alllllllllllllllll day move to the upside, if this pops at open to $13+ top it off and short it for nice .50-.75 cents to the downside
4) $NKTR FDA votes no on oxycodegol data does NOT support use (27.96)
Stock Gaping down -$3 like to see small pop at the open to $26-$26.50+ area then scale in short and look for a nice fader on it towards $22 an under the more this gap fills and pops better for us tot the downside, if this yanks hard at open to $20.50-$21.50 area nibble some long and play a nice 2-4point short cover bounce
5) $MNTA JPM out with an Overweight and $30 PT SunTrust out with $50 PT (25.36) WOW
Stock Gaping up +4.00 like to see this push a tad more through $30-$31+ at the open watch for topping then look for a nice gap fill back down to $25-$26 and under, like $SHAK below, this was leaked out friends and family they ran it from $20-$25 yesterday so expect friends and family to want to cash this out at the open more it pushes better the range for us to the downside, once we see $25-$26 area lete watch that bottom curl then go long it
6) $FSLR downgrade from Barclays with $49 PT (58.78)
Stock Gaping down -$3.30 DO NOT long this unless you see push at open to $56 then quick pop to $57+ then lean into it short for an all day fader, like to see some gap fill first before taking it short, if this yanks at open hard to $52.50-$53 spot go long and watch for shorts to come in and cover for 2-4 points then fade it
7) $SHAK Goldman out with HUGE call calls for 80% more upside $115PT in 12mos (64.10)
Stock Gaping up +2.50 would be looking to by 70-72 calls 1-2 weeks out would like to see a little more push at the open towards $67-$68+ then lean into it short and look to gap fill this back down to $63 area and under. NOTE BIG NOTE this was obviously friends and family yesterday take a look at what they did ran it from $59 to $64 hmmmmmmmmm so let them cash out and bring it down for us so we can have a better entry for the long side
8) $BYND Tier 3 firm Bernstein calling for a $106 PT (117.05)
Stock Gaping down -$7.10 DO NOT long this unless you see $112+ pop at open then quick push to $115+ top it off then fade it, if this yanks at open hard to $107-$109 area scale in long and look for a nice 3-5 point short cover push then grind out, should be fun
9) $TGT Earnings miss reaffirms guidance Holiday sales not impressive (125.26)
Stock Gaping down -$10 Wall St loves $TGT so look for the stock to rebound towards $120-$122+ then grind out, if this yanks at open hard towards $115 and under would nibble long room to $112 then nice 3-5 point short cover gap fill.
10) $TSLA Gaping down on Market down (537.92)
Stock Gaping down -$9 do not long unless push at open to $534 then quick 3-5 pts push then fade it if this yanks at open hard to $520-$525 area bottom curl it then nice solid 8-10 point short cover squeeze back up for quick money then grind out
____________________________________________________________________________
Notable Calls:
$NFLX with market gaping down I love the range on $NFLX (338.69) Gaping down -$1 would love to see small pop at the open to $339-$340 then fade it for 3-5 points to the downside, if this yanks at open to $332-$334 area bottom curl it then nice quick 3-4 point short cover pop then fade it
$NVDA Piper out with notes saying 2020 is the year for Semiconductors recovery (247.28) Gaping up +4 simply would love to see this gap fill and come down to $243-$245 area before bottom curl then slow move to the upside more it pulls better the range to the upside
$Uber: Goldman Sachs sells position in UBER – CNBC (34.84) per Seema this morning (34.84) This isn’t good for the stock imo this should sell off today to $33.50 and under if you take some short now here at $34.73 add on any pop towards $35 and look to fade this down and gap fill at least yesterday’s run to $33.50 area and under
