1) $EDSA cleared by FDA to work on its Phase 2/3 Covid Treatment (5.53)
Stock Gapping up +100% do not long unless pop at the open to $10 clear that then look for quick move 1-2 pts to the upside then all day fader, IMO this should simply gap fill slow fade right back to $6-$6.50 and under so watch for the small pop and lower lows to set in and then fade it slow
2) $KOSS up on NO direct News (6.00) Today’s runner
Stock Gapping up +4.60 clear $12 we see -$13-$14 quick on the pullback wait for the $11 and under snap then look to fade it back down to $8-$8.50 and under, this can run Traders so be careful on the short side. I would prefer to run this to $15+ today so let’s see how it opens
3) $MYO JV to sell products in China (10.84) STUPID!!
Stock Gapping up +3.00 do not long unless pop at the open to $14.50 clear that then quick 1-2 pts more to the upside then watch for topping if this small pops and lower lows set in and snaps $12 look for full gap fill gade back to $11 and under
4) $WKHS Momentum on positive Biden comments (24.71)
Stock Gapping up +3.00 do not long unless pop at the open to $27.50 clear that then quick 1-2 pts more to the upside then watch for topping on it, if this snaps at the open $26.50 slow fader gap fill back to $25 and under then bottom curl it and slow all day move to the upside on it
5) $TPGY Positive Cramer mention EV momentum (24.18)
Stock Gapping up +3.50 do not long unless pop at the open to $8.50 clear that then look for nice push 1-3 pts more to the upside then watch for topping if this snaps at the open watch the $27.50 area clear that on the downside then look for slow gap fill fader back to $25 and under
6) $OSTK announce a partnership with Pelion to oversee Blockchain assets (67.40)
Stock Gapping up +10.00 do not long unless pop at the open to $78 clear that then look for nice push to $80-$82+ then watch for topping if this snaps $76 at the open chase some short take it down to $69-$70 on the gap fill then bottom curl it and slow all day move back to highs
7) $GME continued momentum (76.79)
Stock Gapping up +14 do not long unless pop at the open to $92 clear that then look for nice 5-10 pt move to the upside then watch for topping on it, on the downside break $80 at the open then take it down to $60-$63 area bottom curl it and then play the 10-15 pts short cover squeeze on it then fade it again. Should be fun.
8) $BYND announce a partnership with Pepsi (158.73)
Stock Gapping up +60 do not long unless pop at the open to $220 clear that then look for nice squeeze 8-12 pts or more to the upside on the short side wait for the snap $210 if that comes to chase some short all the way down to $170-$180 and under This is BIG NEWS of $BYND so let it run some off the $220+
9) $ETSY Upgrade to $245 Tier 3 firm and positive Elon Musk mention (208.81)
Stock Gapping up +18 do not long unless pop at the open to $230 clear that then look for nice 3-5 pt push then watch for topping on it, if this snaps $222 at the open look for nice short on it to $212-$214 and under then bottom curl it and slow all day move to the upside, closer we get to gap fill better the range to the upside on it
10) $TSLA another day of momentum (880.80)
Stock Gapping up +14 do not long unless pop at the open to $895 clear that then look for nice move to $905-$910+ then watch for topping on the downside wait for the $885 snap then take it down another 5-10 pts to the downside then bottom curl it and slow all day move to the upside, more it pulls better the range to the upside
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Notable Calls:
$EH Gapping up on No news (89.53) Gapping up +7.00 do not long unless pop at the open to $96 clear that then look for solid 3-4 pts to the upside then watch for topping if this snaps at the open and breaks $92 look for gap fill to $88-$90 and under bottom curl it slow move to the upside
$FUTU Gapping on No News (102.26) Gapping up +8.00 do not long unless pop at the open to $112 then look for quick push 3-5 pts to the upside then watch for topping on the downside wait for the $106 pull then look to gap-fill to $99-$101 then bottom curl slow move to the upside
$PLUG Gapping up exceeds guidance and raises targets (65.72) Gapping up +3 do not long unless pop at the open to $69.50 clear that then look for nice 2-3 pt push to the upside if this snaps $67 at the open look for gap fill pullback on it then look for bottom curl around $66-$66.25 and under for slow move to the upside
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