1) $NNVC Coronavirus (12.00)
Stock Gaping up +$6 DO NOT BUY this unless quick pop at the open through $19 then look for quick push to $20 pop top it off then slow fader, if small pop at the open Lower lows set in look for the stock to fade most of the day back down to $13.50 and under
2) $SNDX announce 35 million #offering of stock to 5 investors for $8 (6.67)
Stock Gaping up +$1.80 would like to see this small pull at the open under $8 then some profit taking sell off to $7.25 and under, if this small pop at the open I do not see more then $9 on it then slow all day fader back below $8 and under (Let this one set up for you)
3) $FLEX Earnings Beat in-line guidance not impressed (12.94) UP THIN
Stock Gaping up +$1.50 would like to see this small pop at the open towards $14.50-$14.75+ top it off and look to gap fill this on profit taking back down to $13 and under. More it pops better the fade for us to the downside
4) $ADNT Earnings Beat BofA tags a $28 PT from $24 (19.32)
Stock Gaping +5 like to see a little more pop at the open towards $25.50-$26.50 if it comes then lean into it short and look for a nice 2-3 point gap fill pull back, this will NOT Gap fill today, if this snaps at open $23 spot chase some short and get 2 more points to the downside and be done with it
5) $ARNA JPMorgan out strong with a BUY rating and $58 PT (43.97)
Stock Gaping up +$1.50 would like to see small pop at the open towards $46-$47 top it off then look to gap fill this back down to $44.50 and under, if this pulls at the open towards $44.50 and under bottom curl it then slow all day move to the upside. Should be fun
6) $WWE Earning disaster plus management departing at the top (62.30)
Stock Gaping down -$17 I actually want to see more downside towards $41-$43 area before considering buying any of this, Most PT downgrades are HUGE!!!! So be careful I do like the $45 area BUT……. would like to see pop at open to $47 then chase it 4-5 points then look for an all day fader, otherwise wait for the pullback at the open then bottom curl imo $40 should be bottom
7) $CL Earnings Beat (69.47)
Stock Gaping up +$4 like to see small pop at the open towards $75+ then look for a nice 3-4 point pullback on it then look for a nice bottom curl grind back to highs, more this pops better the range for us, I do not see this coming down more then $71.50 at the open then bottom curl it so don’t think this will gap fill at all
8) $DECK Earnings Beat (177.38) Multiple PT increases to $200-$240 across the board
Stock Gaping up +$10 I think this will push even more at the open would love to see $190-$195 push then look for a nice 5-7 point gap fill pullback on it, this will NOT gap fill imo so more this pushes and gets short squeezed the more we make on the downside. Just let this one set up, if this pulls hard at the open look for $178-$180 and under then bottom curl it then slow all day move to the upside.
9) $VRTX Earnings Blowout (230.31) Multiple upgrades across the board $260-$285 PT
Stock Gaping up +$9 would nibble some long here at $238-$239 area think we get a pop at the open towards $245+ then we get a nice 5-7 point gap fill pull back on it, if this pulls hard at the open which I do not think it will but if it does I want the $235 area then bottom curl it then go long, this should make a decent move to the upside today
10) $AMZN Now words But this beat was Impressive to say the least (1870)
Stock Gaping up +$210 I see this heading to $2500+ in the next coming month or 2 However for us today, like to see short squeeze at the open though $2100+ then look for some profit taking pullback on it for 50-80 points. If you’re new to Trading do NOT do NOT touch this. If this snaps at all below $2060 would take it short for quick 40-50 point profit taking pullback then long it
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Notable Calls:
$TSLA Gaping down -10 points then push back up (640.41) currently up +4 points like to see quick push at the open towards $648-$651+ are then look for a nice 10+ pullback on it then bottom curl it, if this yanks hard at the open watch the $625-$630 area as bottom then look to go long on it. Let this set up for us all today
$WDC Earnings Beat (66.96) Gaping up 3.10 like to see small pop at the open towards $71-$72 area then look for nice gap fill sell off to $68 and under bottom curl it then slow all day move to the upside, more this pushes at the open better the range for us to the downside
