1) $CNET This is up on nothing, and imo this is nothing more then pop and fade (2.37)
Stock Gapping up +2 I would take some SHORT at $4 spot add on ANY pop at the open then look to fade the stock all day back to $2.5 and under. This nothing more then a pop and fade!

2) $NCTY entered an agreement with Plutux Limited 12.5 million shares at $3.60 (1.57)
Stock Gapping up +$6 ok this is up thick very thick so it must break $7 and under to get a slow fader to $5 and under, if this pushes let it rush thru $9 maybe even $10 then I believe it will sell off and fade, but wait for it to show you, this is up way to much

3) $EBAY Earnings Miss (31.55)
Stock Gapping down -$2 I would like to see a pull more at the open maybe we touch $28.50 on it then look to go LONG the stock back to for 1-2 points, if this at all pops at open towards $30.50+ I would look to short the stock for an all day fader on it this will get hurt today no doubt

4) $SKX Slight Earnings Beat imo (26.12)
Stock Gapping up +2.75 I like to see small pop more at the open maybe towards $29.50-$30 spot then look for gap fill profit taking sell off back to $27 and under, IMO after reading the report I think the bag holders will want to cash out on the stock , higher it pops better the fade

5) $CLVS Positive Phase 2 clinical trial confirmed (29.96)
Stock Gapping up +5 imo this is nothing more then a sell the news trade, so any pop at open again to $33-$34 area watch for topping then look to fade it, this needs to set up before we get in there and short it, if this pulls at open and gap fills to $30.50 area and under I would look to LONG the stock

6) $SQ Gapping on on $PYPL results (74.96)
Stock Gapping up +$2.5 I like to see this push a little more at the open maybe we see $78+ on it then I will be eyeing the gap fill back to $75.50 and under then watch for bottom curl on it then go LONG, if this yanks at the open and gap fills cover your position around $76 area and under then go long on it

7) $PYPL Earnings Beat Strong strong metrics (77.48)
Stock Gapping up +$6 I like to see small pop thru $84+ if it comes followed by a nice profit taking sell off to $80 and under on profit taking, if this pulls at open to same area watch the bottom curl on it then look to go long back to highs. Stock has range today for us

8) $TEAM Earnings Mixed guided “slight” (81.89)
Stock Gapping down -$4 I believe this weakness will be bought and and actually head higher, so look for a gap fill push thru $80+ at the open then slow move back to yesterdays close, if this pulls at all at the open to $76-$77 area watch for bottom curl then look to go long the stock back to highs

9) $DEO Gapping up on Market being up (136.37)
Stock Gapping up +$4 let it rip a little more at the open maybe we get $141-$142 then look for topping on it then look to fade the stock and gap fill it back down to $138 and under, if this yanks at the open to the same area then look for bottom curl on it then look to go LONG back to highs

10) $NFLX Gapping up on Market being up (346.71) Like I said yesterday $350 & under is a BUY
Stock Gapping up +$3 I would nibble some LONG here at $349 room to add at the open gap fill pull then look for possible stock rebound to $355-$357 once this gets thru $350-$351 should rip for more points for all of us to highs let it set up

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Notable Calls:

$BIDU Gapping up on Market up (191.88) Gapping up +$4 I like to see a little more push at the open towards $197-$199 then watch for topping then look for a nice fader on it back to $192-$193 higher it pops better the fade. If this yanks or pulls and gap fills at the open to $192.50 and under go LONG

$PG Earnings Beat (80.24) Gapping up +$4.25 I like to see a little more push at the open maybe to $85.50-$86 area scale in short, then moment this yanks under $84 should fade off nice to $82 and under. Should be fun

$NVRO Goldman Sachs out with a SELL rating and a $44 PT ($53.08) Gapping down -$2 any pullback at the open would go long and gap fill this back to $52.75-$53 area then top it off then slow all day bleeder once it gap fills, harder it pulls at the open better the gap fill back up

$ORLY Upgraded to overweight JPM with $398 PT from $311 (338.45) Stock gapping up +6 I like to see small push at the open towards $347-$348 then top off then look for a nice gap fill pullback to $340 and under then bottom curl then go LONG all day slow move to the upside

 

 

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