1) $AXSM Small offering small raise this morning $23 million thats nothing (6.87)
Stock Gapping +$1.3 small offering expected more, surprised but I don’t think the ATM is over just yet but for now expect a nice pop at open on short squeeze to $8.50+ then look to short this and gap fill back to $7 and under if this yanks right at the open to $7 and under spot watch for bottom curl then we go long on it towards $10 remember the $45PT we got yesterday from Landenburg
2) $ROKU another HUGE day for the stock today (42.18)
Stock Gapping up +$2.80 WOW nice short off the $45 area look for some sell off back down to $43 and under then watch for bottom curl then back to highs this is going higher possibly back to $47-$48 by tomorrow but look for a nice bottom curl with volume then slow move to the upside, remember this follows the market market stays up this will go.
3) $MEET Issues guidance (5.04) to me this is nothing more then FLUFF numbers
Stock Gapping up +.43 imo any pop at the open look to scale in short and look for gap fill sell off anytime these shipper stocks issue guidance they always gap up, pop and then sell off all day back to lows, so expect this to do the same
4) $FSLR Barclays out with a upgrade and $63PT remember Goldman last week (45.79)
Stock Gapping up +1.5 thin, look for small pop at the open towards $47+ then scale in SHORT and gap fill this back down to $46 and under watch for bottom curl then slow move back towards $47.50-$48 just like when Goldman did it it pulled gapped filled then we went long for 1.5 points
5) $SQ Market up this is recovering nicely (60.72)
Stock Gapping up +2 like to see a little more pop at the open towards $63-$64 scale in short gap fill it back to $61 and under then look for bottom curl on it then look to go LONG on it as long as market holds today this will go higher
6) $WB Morgan Stanley out with Equal Weight lowers PT from $72 to $66 (62.63)
Stock Gapping down -$2.50 this should and WILL sell off today so if you take some short here at $60.90 YOU must give it room to pop at the open towards $61.75+ then add if you want to wait then wait for the pop at open then get in their and begin a position to short higher it pops better for us on the downside, if this pulls hard to $58 at the open go long and bounce it for 2-3pts
7) $YY Market up talks going on in China helping the stock (65.27)
Stock Gapping +$2 would scale in SHORT here at $67 area room to $68 at the open let it top off then look for a nice gap fill sell off on it to $65 and under watch for bottom curl on it then slow move back to highs
8) $TWLO Key Bank out with a raise at $114 from $103 (96.98)
Stock Gapping up +2.5 would nibble some short here at $99.40 area room to $101 at the open this should gap fill back to $97.50 and under then bottom curl then slow move back to highs, this will trade like we did $AAP yesterday so let it pop, pullback gap fill and then we go long
9) $NFLX Market up this is gaping up (315.34)
Stock Gapping up +$6 would short the $321 area room to $323 at the open then look for gap fill to $316-$317 area bottom curl as long as market holds this will retrace and go back to highs, if the market slides expect this to go to $312 and under
10) $ILMN Gaping down on JP morgan slide show (307.89)
Stock Gapping down -$14 I like to see a little more sell off at the open towards $288 area if it comes if you wish to go long here at $292 and play the 5-7 point short covering bounce in it, tats fine just be aware the stock can pull a little more at the open so be prepared of that, stock should bounce then fade off
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Notable Calls:
$BA Gaping up on Market (328.11) Gaping up +$5 would scale in some SHORT here at $333 area room to $335 then look for a nice gap fill pull back on the stock to $325 and under then bottom curl then look to go long on it.
$WATT gaping up on NO NEWS this morning, small cap low floater (7.10) like to see small pop at open to $7.75-$8 if it comes top it off then slow fader back to lows. Should be fun to the downside especially because of no news on the stock
