1) $AVCO Great PR today former runner (4.23)
Stock Gapping up +$1 took a few long at $5.43 sold some at $6.50 area like to see the stock pop at the open a little more I like to see $7.50-$8 on it if it gets going, Then watch for lower lows to set in then look for fade the stock. Great Pre-Market play with volume.
2) $VALE Cuts Dividends, Cuts bonus, lots of pain on this stock (13.66)
Stock Gapping down -$2 I like to see a pull or sell off on the stock back under $11 and under and then look for a decent bounce on the stock, more it pulls better the bounce I will be a buyer on this if I see anything with a 10 in front of it, in the end this will pass, so building a swing position like PCG I will consider but for today look to bounce it
3) $PCG Nice over the weekend sell off on the stock (11.78)
Stock Gapping down -$1 I would like to see small pop at open possibly to $11.50+ then look to fade the stock most of the day, if this yanks at open to $10.50 and under bounce it then look to fade it. Should be fun
4) $ROKU Market sell off, I think this sells off at the open today on it (43.69)
Stock Gapping down .60 would take some short at $43.25 area with room to add on any pop at the open then look for this to sell off to $41 area today possibly under then look to bounce the stock on it. Should be fun, just let it sell off and we will find the bottom curl on it
5) $ATHM JPMorgan out with a $58 PT (76.02)
Stock Gapping down -$3 points I like to see this pull a little more at the open under $70 if it comes then bounce it 2-3 points on short covering then look to fade it for an all day fader on it.
6) $NVDA Guides lower (160.15)
Stock Gapping down -$15 I see a rug pull to $137 on the stock then a 2-3 point bounce then possibly 1 more pull to $135 and under then I would consider nibbling a few and look for a 5-10 point bounce on the stock “NIBBLE Traders” NIBBLE
7) $GRUB Credit Suisse out with a OutPerform and $130PT from $117 (80.77)
Stock Gapping up +$3 imo this will have a full gap fill back down to $81 and under then watch for bottom curl on it then look to go long on the stock. More it pulls and gap fills at the open better for us on the long side, with market down stock should pull on it
8) $CAT Guides down (136.86)
Stock Gapping down -$9 I like to see this pop at open so I would nibble a few long here at $127.50 area give it room to $125 I think this should bounce to $130-$132 at the open before fading off a again, I like the $125 area for shorts to come in and cover but stock may bounce a point or 2 off the 127, this is down a lot for this stock so a bounce or shorts will cover soon
9) $AMGN Gaping down on no news I see at the moment (198.77)
Stock Gapping down -5 points, I like to see this small pop at the open towards $196.50-$197.50 area then top it off then look to fade it down, if this pulls at the open towards $190 and under I will be a buyer on this and bounce it for sure 3-5 points. More it pulls better the bounce on it
10) $NFLX Gaping down on market pull (338.05)
Stock Gapping down -$4 I like to see small pop at open to $335-$336.50 area then lean into it short and look for a nice fader on it, if this pulls at open to $330 and under I would be a buyer on the stock and bounce it 3-5 points then top it off and fade it
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Notable Calls:
$TSLA Gaping down on Market down (297.04) Like to see small pop at open to $295+ then look for a nice pull on it, if this yanks at the open look for a $285-$287 entry and look to bounce it for a nice
$ZAYO Gaping up on Chatter (26.70) to me this is nothing more then a pop and fade for the day back down to $27 and under, so if this pushes at the open look to short it, if getting in now at $27.70 give it room to pop at the open then add to it
$WVE Gaping down -.40 cents ($34.40) I like the stock to pull back to $32.50 and under then I will watch it for a bottom curl then look to go long on the stock should be fun
