1) $TRPX Gapping up on the fact they are going to focus on Weed (4.42) OMG STUPID
Stock Gapping up +3 imo this is nothing more then a pop and sell the news, so let it push at the open if it touches $8 again watch for topping then all day fader on it, if this small pops and lower lows set in look for an all day slow fader back to lows
2) $SLCA Earnings Miss (15.66)
Stock Gapping down -$1.5 Points I like to see this small pop thru $15 then all day fader on it, if this pulls at the open towards $13.50 and under I would nibble long on it for quick 1-2 points
3) $ATI Earnings Miss (26.82)
Stock Gapping down -$3 I like to see this pull down a little more at the open like to see this hit $22 and under then look to go long for 1-2 points then top it off then short it again, more it pulls better the pop for us, if this at all pops at open towards $25.50+ scale in SHORT and fade it all day
4) ******$LOGI They actually beat & reaffirmed there guidance lol (40.02)
Stock Gapping down -$4 I would actually nibble some long here in the $36 area room to add on any pull at the open I like to see this gap fill back thru $38-$39
5) $CDNS Earnings Beat (40.61)
Stock Gapping up +$3 I like to see small pop at the open maybe we get $44.50+ then watch for topping then look for this to gap fill back down to $$41.25 and under, not sure if this will hold up in this market, so small pop it then look to short and fill the gap
6) $BTI PM seeks to revive Japan sales with Cheaper HNB Tobacco (43.47)
Stock Gapping up +$2 points I would like to short this gap up so let it push thru $46+ then watch for topping on it then look for this to fade back down to $44 and under, this kind of news typically is a pop and fade on tobacco stocks
7) ******$EDU Earnings Miss and Lower guidance (62.84)
Stock Gapping down -$9 I like to see small bounce at the open towards $56-$57 then top it off then look for more fade on it back to lows, (this will get hurt today make no mistake about this) if this yanks below $50 at the open I would be a BUYER and let it short cover 4-6 points for quick money
8) ******$TLRY Market Sell off (122.60)
Stock Gapping down -$16 I like to see small pop at the open towards $114-$116 then look for topping on it then look for more lows to come, if this yanks at open below $100 like $98 again I would nibble long and bounce it 8-10 Points or more
9) $CAT earnings Miss lowers guidance (128.71)
Stock Gapping down -$10 points I like to see small bounce at the open maybe thru $120-$122 then look for this to fade off the rest of the day, if this yanks at the open towards $115 or lower look for that bottom curl and bounce it 5+ points then continue the short on it
10) *****$NFLX OMG!!!! Market Sell off (329.54)
Stock Gapping down -$11 I like to see small pop at open thru $322-$323 if it comes then look for a nice topping the resume back to lows, IF this yanks at open to $315 and under I would be a buyer on it and nibble some let it flush a tad more then bounce it 5-8 points or more
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Notable Calls:
$BIDU Gapping down -$6 (196.19) I like to see small pop at open thru $192-$193 then look for topping then look for more downside to $185 area, if this yanks at the open watch the $187 area to go LONG and bounce it 3-4 points
$BABA Gapping down -$5 (148.80) I like to see small pop at open maybe thru $145.50-$146 the top off then look to fade it back to lows, if this yanks at the open look for the $140 level as a BUYING opportunity to bounce the stock 4-5 points
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