1) $FGEN I think this continues to fill the gap from a few days ago on stupid inside PR (41.62)
Stock gapping up +$1 would like to see any pop at open towards $43+ top it off and look for slow fader back down to $40 and under would love to see this touch $39-$40 today, if this small pops and lower lows set in look for the stock to slow fade all day long to $40 and under. Gap to fill is $36-$37 so I think we see a little more sell-off today.

2) $ASMB announce data from HBV Inhibitors (17.08) IMO nothing more then gap up & sell-off
Stock gapping up +$4 imo anything above $20.50-$22 should simply slow sell off and gap fill to at least $18 and under, the more it pops at open better the range to the downside, nothing to se here

3) $NKTR presents Data from Phase 1 on a human study (20.04) soooooo?
Stock gapping up +$2.00 would take small short at $22.40 area room to pop at open to $23.50-$24 top it off then look for slow all day fader on the stock. This is nothing more then PR from the company Let this set up for the fade for us to $20.50 and under

4) $CARB Earnings Beat and Chatter news (18.40) stock stuck at $22.90 on 1.42 Billion deal
Stock gapping up +4 unless this snaps at open under $22.50 then you would get a slow fade for 1 point to the downside, if this pops at open above $24 top it off then look for a nice 1-2 point slow slow slow fade. Let it set up, normally we don’t play buyouts but this one is interesting for us.

5) ****$NXTC reports Phase 1/2 results interesting Piper u/g stock to $95 from $54 (82.89)
Stock gapping down -$49 Nice call from Janni Moore this morning in Pre-Market to LONG at $33.50 to $39+ area Great job Janni, from here lets see if we get a solid pop at open to $45-$50 then top it off then slow gap fill fade, this one is tricky it moves in points so be cautious on size, if this yanks at open under $32-$33 take it down slow fade to $25-$27 let this show you. I like the idea at the open to pop towards $42-$45+

6) $SINA gapping down on $BABA Numbers and Tariff news (42.71)
Stock gapping down -$1 I would like to see small pop at open to $42/50-$43 top it off then look for slow all day fader back down to $40 and under, more this pops and gap fills better the range for us to the downside.

7) $WBA Chatter news being brought up again, seems every few months they do this (59.24)
Stock gapping up +$6 imo this is nothing more then a pop and fade any pop at open towards $64-$66 top it off and look for an all day slow fader back down to $61-$62 if this yanks right at open to $60 and under bottom curl it then slow all day move back to $63-$64

8) $QCOM MS downgrades company to Equal weight with $90 PT (94.03)
Stock gapping down -$3 like to see small pop at open towards $93-$93.50 top it off then look for all day slow fade back down to $90 and under, if this pulls hard at open to $89-$90 at the open long the stock then slow move back to $92-$93 on it, more it pulls better the range to the upside on it

9) $URI Buckingham raises PT to $180 from $170 (155.32) so what
Stock gapping down -$2.50 would love to see small pop and gap fill towards $155-$156 then look for a nice 2-3 point pullback on it, if this yanks at open to $150 and under bottom curl it then slow gap fill 3-4 points to the upside

10) $TSLA PT raised to $400 from $300 on Jefferies upgrade Tier 2 firm (337.14)
Stock gapping up +7 would like to see small short cover squeeze to $345-$347 give it room then look for a nice 3-5 point sell off on it, if this yanks at open gap fill it to $337-$339 then bottom curl it then slow all day move to the upside. More it pops better the range to the downside

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Notable Calls:

$UI gapping down on Friday’s run (176.74) gapping down -$2.75 like to see small pop and gap fill back to $176-$177 then watch for topping then look for slow fade like to see this sell-off today slow to $170-$172 let this set-up for us at the open

$WYNN gapping down -$3 on No NEWS (126.47) would like to see small pop at the open towards $125-$126 then slow all day fader on it, if this yanks at open to $120-$121 buy the weakness and pop it for 2-3 points or more on short covering

 

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