1) $UNFI Earnings Miss (11.07)
Stock Gaping down -$2.70 I like it down here below $8.30 I would consider nibbling with room to $7.50 at the open stock should short cover squeeze through $9.50-$10 then all day fader
2) $SFIX Earnings Disaster Multiple downgrades (20.06)
Stock Gaping down -$3 If this opens at $17.50 I would chase a few long like to see the stock get through $18.50-$18.90+ area top it off then look for all day fader on it. If this yanks at open hard watch the $15.50-$16.50 spot for shorts to come in and fresh buyers to buy on weakness
3) $AIMT Piper out yesterday with an upgrade to $60 PT (20.47)
Stock Gaping up +3 I would like to see nice gap fill to $21 and under then bottom curl then slow all day move to the upside, if this pops at open don’t see any more then $24.50-$25.50 top it off then slow gap fill back down to $21-$21.50 then bottom curl it then slow move back to highs
4) $ETFC Barclays out with Double Downgrade to $31 PT (36.51)
Stock Gaping down -2.30 like to see small pop off the bottom to $35.50+ top it off then look for another slow all day fader back towards $32.50-$33 and under should have another all day sell off on the name today
5) $AMTD Barclay’s out with double downgrade and $31 PT (34.67)
Stock Gaping down -$1.45 I like to see small pop at the open if it comes to $34-$34.50 on short covering then top it off then slow all day fader back to lows, if this pulls hard at the open look for the $31.50-$32.50 for bottom curl 1-2 point bounce for quick money for some more selling off all day fader, Ideally higher it pops if it does at the open better the fade.
6) $ATVI Bernstein cuts this to Underperform puts PT to $43 from $41 (52.90)
Stock Gaping down -$1.60 would love to see a nice sell off today so look for small pop at open on short covering and shorts piling in towards $52.30+ top it off then slow all day bleeder, if you start now short YOU must allow some short covering at the open at least 1/2 if this yanks watch the $48.50-$49 level for it to initially bounce then get it through $51-$52 then scale in short for an all day fader on it
7) $DOCU RBC out with $80 PT BUY rating (60.89)
Stock Gaping down -.80 would nibble LONG at $60.09 room to $58.50-$59 at the open watch for bottom curl then slow all day move towards $61.50-$62.50 this should have slow all day move to the upside, If anything imo this is a Buying opportunity with this upgrade so anything $60 and under would be a buy imo so let it show you and set up
8) $RPM Earnings miss slight downside guidance reaffirms FY20 guidance (67.17)
Stock Gaping down -$2 I would like to see more pull at the open prefer $62.50-$63.50 level then look for 2 point short cover bounce or more then top it off then slow all day fader on it, if this pops at all at the open look for $66.50-$67.50 as topping then short it into the CCall coming up in an hour
9) $AYI Earnings Disaster “cautious outlook” OUCH all the wrong words (129.46)
Stock Gaping down -$27 thin, I would like to see small pop through $113-$115 at the open top it off then all bleed into the conference call, like to see this sell-off to $100 and under, if this yanks at open watch the $98-$100 area bottom curl it then look for 5-10 point short cover pop take it what you as it pushes then look for all day bleeder on it, ideally would love for it to pop as much as we can get then short it all day to lows
10) $NFLX Sold off aggressive on mixed comments on CNBC from an analyst (269.58)
Stock Gaping down -$9.58 they stopped it on a dime at $260 and that was your buy like to see $264-$266 at the open then look for slow fader….IMO if this touches $255 and under after initial pop look for BUYERS and Investors to come in and scoop this up and hold it. Earnings out in less then 2 weeks, 250’s are a buying opportunity
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Notable Calls:
$SHOP Market down should be fun (313.22) Gaping down -5 like to see small pop at open to $313-$315+ area then top it off then slow fade it back to $305 and under, if this yanks to $305 and under then look for a nice psh 5-7 points to the upside, more it pulls better the push up
$TTD Market down should be fun (183.59) Gaping down -$3 would love to see small pop at the open towards $185-$187 then look to fade back to $180 and under, if this yanks at open watch the $175-$177 area bottom curl then look to go long on it
$VHC Gaping up stupid on announcement of ANOTHER court win STUPID imo this is nothing more then a pop and gap fill, this has been going on for years so any pop at open is nothing more then an all day fader on the name
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