1) $ATIS Not in Compliance yet has 180 days to be in compliance (1.33) STUPID
Stock Gaping up +1.20 WOULD NOT LONG THIS UNLESS WE SEE BIG BUYER AND $2.75 AREA THEN YOU CAN PLAY SOME, in my opinion this should simply small pop then all day slow move and gap fill right back to $1.50 and under let this show you the lower lows to set in
2) $CVTI Earnings Miss (16.23) very thin
Stock Gaping down -$1.50 love to see quick push at open towards $15.75-$16 then top it off then all day slow bleed back down through pre-market lows, if this snaps at the open and we see $13.50 an under nibble a few long bottom curl it then slow all day move to the back 1-2 points on gap fill
3) $GPS Downgrade to Underperform with Credit Suisse with $14 PT from $20 (17.57)
Stock Gaping down -$1.25 would nibble small long at $16.50 look for short covering pop at open to $17-$17.35 top it off then slow all day bleeder back down to pre-market lows, if this yanks right at the open to $15-$15.50 bottom curl it then slow gap fill back to $17
4) $LB Downgraded to Underperform with Credit Suisse $14 from $22 (18.10)
Stock Gaping down -$1.35 Like to long this $16.75 nibble then look for some gap fill back to $17.50-$17.75 then all day bleeder back down to lows, if this yanks right at the open to $15-$15.50 watch for bottom curl then slow all day move to the upside
5) $GIL Earnings Disaster (35.38) BofA cuts this to $23 from $44 OUCH!!!!
Stock Gaping down -$13 right at BofA pt would not long unless you see this pop at open towards $24-$25 then quick 1-3 points max to the upside, I would prefer to see this pull right at open to $19-$21 area then look for shorts to come in and cover 3-4 points for us to the upside. Let this show you then chase it when it begins to cover
6) $ARWR Gaping up on NO NEWS (36.60) TOP SHORT to GAP FILL
Stock Gaping up +$1.5 would look for this to simply gap fill back to $36.75 and under if you can get short $38 and add on any pop this should simply gap fill at the open then grind out on NO NEWS
7) $ETFC Earnings Beat (39.04)
Stock Gaping up +2.20 like to see small pop at the open towards $42-$43 top it off then slow gap fill back to $39.50-$40 and under bottom curl then slow move back through pre-market highs. Should be fun, higher the pop better the range to the downside, if this gap fills nice slow all day long for us to the upside
8) $STT Earnings Beat (59.70)
Stock Gaping up +$2 Look for small pop at the open towards $62-$63 watch for topping then slow gap fill fade right back down to $60 and under, if this yanks right at the open to $60 and under cover your short if you got some and look for bottom curl and slow move to the upside
9) $EXPO Earnings Miss (70.80) NO MM’s on it yet
Stock Gaping down -$3.50 like to see small pull at the open towards $62-$64 then look for shorts to come in and cover squeeze it back to $68-$69 top it off then slow all day move to the upside iF THIS POPS AT OPEN and gap fills back to $70 plus wait for the lower lows to set in then slow fader back down to pre-market lows
10) $WDFC Earnings slight miss mainly tax issues (182.67)
Stock Gaping down -9.50 DO NOT LONG THIS unless we get $175 at the open then look to push this back up to $179+ top it off then grind out, if this dumps right at the open watch the $168-$170 level for shorts to come in, obviously more it pulls better the range for us on the short covering for the upside
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Notable Calls:
$AXP Earnings Beat both top and bottom (119.10) NOTES $AXP likes to sell off there gap ups on Earnings before legging up (121.50) Imo this is nothing more then a gap fill buy at $119 and under then bottom curl then slow move to the upside
$RETA another leg it to the upside with no Offering still (173.19) Gaping up 2 points would love for this to hit $165-$167 at the open then bottom curl then slow move to the upside back towards $175 if this pops at open watch the $176-$177 as topping then gap fill back down before longing it
$INDB Earnings Beat (75.87) Gaping up with NO MM’s on it +2.50 imo let this pop a little more at the open see if we get $80 spot then look to gap fill this back down to $76 and under, if this yanks right at the open to $76 and under bottom curl it then slow all day move to the upside
$ENPH this should continue to go towards $5.25+ today you all had it at $4.80 yesterday this is Citron and Citron’s long always always work Also $CRON would nibble long anything under $9 like to see slow move back to $9.50-$10 a couple upgrade this morning
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