1) $HOG Great overnight call that they would miss on #Earnings (36.31)
Stock Gapping down -$4 I like to see this short cover bounce at the open towards $34.50-$35.50 then watch for tipping then look for an all day fader on it, if this pulls hard at the open towards $30-$31 I would be a buyer on the stock and bounce it
2) $OCX Positive data on lung “cancer” biopsy tests (1.82)
Stock Gapping up +$2.70 on pretty thick volume, I think stock has room to $5-$5.50 at the open but in the end I think the MM’s will hold it up as much as they can then the stock should be able to slide back down for a nice fader to $3 and under. So watch for topping on it. Also expect a nice ATM within 48 hours of this move
3) $VYGR Collaboration with $NBIX (8.04)
Stock Gapping up +4 I would nibble some SHORT here at $12 with room to pop at the open imo this should simply sell back off most of the day back down to $9.25 and under. So watch for this to top odd and break, once it snaps its over
4) $GME no longer pursues sale of Company (15.50)
Stock Gapping down -3.50 I would nibble a few at $11.85 area room to $11 at the open think once this starts an uptrend we close to $13+ on the stock, if this pulls hard at the open under $10.50 I am a buyer on the bounce, GME isn’t dead yet, maybe this is a posture move for them
5) $SANM Earnings Beat (27.25)
Stock Gapping up +6.50 I would like to see this pop at the open small to $34-$35 area then lean into it short and look for this to fade off and gap fill to $30 and under, great beat but think with the bag holders this should sell off to $30 and under on profit taking, more it pops better the fade imo
6) $SQ HUGE PT DOWNGRADE by Raymond James with $56 PT see 25% downside (76.22)
Stock Gapping down -$4 I like to see some pop at the open on some short covering to $74+ area then lean into it short for an all day slow move to the downside towards $68 and under, if this pulls hard at the open let shorts cover the stock back through $72-$74 then short it for all dayer
7) $CE Earnings Miss (97.65)
Stock Gapping down -$4 I like to see a little more sell off at the open towards $90 and under then look for a nice 2-4 point bounce on it then look to go short after the bounce more it sells off at the open better the bounce on it, if this pushes at the open look for a $95.50 – $96+ area to top it off then look to short the stock
8) $PII Earnings Miss (84.80)
Stock Gapping down -$4 look for small pop at the open through $82+ then top it off then look to fade the stock, if this stock pulls at the open to $78 and under I would be a long on it for a nice 2-4 point bounce on it.
9) $WHR Earnings Miss (124.56) this stock is a lot like $CAT tends to get bot up (124.46)
Stock Gapping down -$8 would nibble a few LONG at $115 area room to $112-$113 at the open look for the stock ro rebound to $118-$119+ then top it off then look to fade the stock
10) $NVDA Multiple downgrades most notable Needham see under $100 (138.01)
Stock Gapping down -$3.5 I’d like to see this re-set back up and possibly get back to $137-$139 at the open knowing everyone wants to get in short on it, then watch for topping then look to fade the stock back down for possible all day fader to $125 levels
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Notable Calls:
$WVE Own it at $32.79 overnight looking for any pull at the open towards $32 will add and looking for a nice run to $34-$34.50 on it
$AGN Mixed earnings but announce a buyback (158.69) Gaping down -$8 would nibble a few long here at $150 area room to $148 area then look for a nice bounce on it for 2-4 points
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