1) $MSGM regains compliance with Nasdaq (2.63)
Stock Gapping up +200% do not long unless pop at the open to $8.25 with nice volume and blocks then look for quick .75-1.25 pt push or tad more to the upside then watch for topping if this snaps $6.50 and lower lows set in then look for a solid all day slow fader right back to $5 and under on it. Should be fun either way
2) $CVNA wants to come out and play today AGAIN (10.00)
Stock Gapping up +1.00 do not long unless pop at the open to $11.25 then look for 1-2 pt push to the upside or tad more then watch for topping, if this snap $10.50 at the open look for quick .75-1.25 pt pullback then look for that solid bottom curl bounce on it
3) $LAC GM making a nice investment (21.99)
Stock Gapping up +2.00 do not long unless pop at the open to $24.50 then look for quick 1-2 pt push to the upside then watch for topping, imo ideally would love small pop at the open then a pullback to $23.25 then lower lows set in then all day slow gap fill fader right back to $22 and under then be done with it
4) $COIN Overnight Idea at $56 and under yesterday before the close (56.16)
Stock Gapping up +1.75 do not long unless pop at the open to $58.25 then look for quick .75-1.25 pt push to the upside then watch for topping, ideally I would like small pop at the open then snap to $57.45 area then look for solid 1-2 pt sell off on profit taking then look for that nice bottom curl bounce, lets see how this opens after this gap
5) $SPOT Earnings Beat (100.00)
Stock Gapping up +10.00 do not long unless pop at the open to $111.50 then look for nice 2-4 pt more push to the upside then watch for topping if this snaps $107.50 at the open then look for quick 3-5 pt sell off or tad more then look for solid bottom curl bounce slow all day move to the upside
6) $MRNA public Health emergency coming to an end May 11 (180.87)
Stock Gapping down -5.00 do not long unless pop at the open to $177 then look for quick 2-4 pt push to the upside then watch for topping then all day fader on it back to pre-market lows, if this snaps $175 at the open then look for nice 3-5 pt sell off or tad more then look for nice bottom curl bounce slow all day move to the upside
7) $NVDA another day of fun (191.62)
Stock Gapping FLAT do not long unless pop at the open to $192.50 then look for quick 2-4 pt push to the upside or tad more then watch for topping, if this snaps $190 at the open would like to see decent 3-5 pt pullback on it or tad more then look for nice bottom curl bounce on it.
8) $MCD Earnings Mixed (270.89) This is a boring stock to trade but maybe we have a little fun with this gap today
Stock Gapping down -4.00 do not long unless pop at the open to $268.50 then slow 3-4 pt grind to the upside then watch for topping, if we get lucky and this snaps $264 at the open, awesome take it down 3-5 pts or tad more then look for nice bottom curl bounce slow move to the upside on it
9) $CAT Earnings Mixed, like I said yesterday they will find a way to gap this up they always do (261.50)
Stock Gapping FLAT was down 12 pts but they always always always buy it back up in pre-market warned you all yesterday. Now you can’t long it unless a pop at the open to $264 then look for that 2-4 pt push or tad more to the upside, otherwise small pop then snap to $258 then quick 3-5 pt sell off or tad more then bottom curl bounce
10) $TSLA another day of fun (166.66)
Stock Gapping down -2.00 do not long unless pop at the open to $165.50 then look for nice 2-4 pt push to the upside or tad more then watch for topping if this snaps $163.50 at the open would like to see 2-4 pt sell off or tad more then look for nice bottom curl bounce slow all day move to the upside on it.
Extra Calls
$ALGM Earnings Beat (34.43) Thin stock
Stock Gapping up +1.50 do not long unless pop at the open to $36.25 then look for nice 1-2 pt push to the upside then watch for topping if this snaps $35.50 at the open look for quick .75-1.00 gap fill profit taking pullback then solid bottom curl bounce slow all day move to the upside on it
$UNH JP Morgan comments this morning (485.79) This stock trades like $LRCX so be ready for slowness in it
Stock Gapping up +12.00 do not long unless pop at the open to $500 then look for quick 5-8 pt push to the upside or tad more then watch for topping, ideally would love small pop at the open then snap $493 then slow gap fill fader right back to $488 and under then look for nice bottom curl bounce
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