1) $KRTX They did there filing last night for 2.6 million shares not very much (96.00)
Stock Gaping down -$14 this morning. This should definitely Gap fill and push at the open, if this slides again at the open towards $85 and under bottom curl it then slow all day move back to $95-$97+
2) $SAEX announced they received 130 Million of New Projects (1.51) Former Runner
Stock Gaping up +2.60 DO NOT BUY THIS unless stock pushes at the open to $4.60+ then we may get the 1-2 point short squeeze push, BUT we need volume of 500k-1 million Buyer without it this will simply pop and slow all day fade back down to $2-$2.50 and under.
3) $MYOV Phase 3 study met its Primary Endpoint (6.06) Very thick this morning
Stock Gaping up +$4.70 I would love to see this pop at open and push towards $11.50-$12.50 then watch for 2-3 point pullback on it, Stock is trading with decent volume, I feel this can run if it gets through $12.50++ it has room, if this small pops at the open and lower lows set in stock will simply slow fade back down to $8-$8.50 and under
4) $PGNY Goldman Sachs + JP Morgan out with a BUY rating with $26-$33 PT (24.92)
Stock Gaping up +1.30 Like to see this small pop at the open then look for nice gap fill sell-off to $25.10 and under bottom curl it then slow move back to $26-$27 all day slow move
5) $WUBA Earnings Beat (50.25)
Stock Gaping up +3 like to see small pop at open towards $54-$55 then look for a nice 2-3 point sell off on it, if this pulls hard at the open on profit taking like to see this hit $51-$51.50 and under then bottom curl then slow all day move back to Pre-Market highs, imo this should NOT gap fill all the way, Earnings were very good with nice guidance
6) $KSS Earnings Miss Guides lower (58.40)
Stock Gaping down -$8 I would nibble small long at $50 at the open with room to $49 at the open like to see this get through $52-$54 on short covering then look for topping then fade it back down to lows, IMO the more this yanks at the open under $50 the better the range to the upside on short covering, I think this is down a little too much
7) $MDCO Chatter news they are fielding take-over interest (58.65)
Stock Gaping up +$18 I like this to fade today by at least half, so what I want is a small pull at open to $72 then watch for lower lows to set in then slow slow fader back down to $63-$65 a share, if this pops at open I don’t see more then $80 on the topping but let it rip, higher it goes better the range for us to the downside, Don’t start your short yet until we get the open once we see it the stock will slowly fade
8) $WWD Earnings Miss (113.59) in-line guidance
Stock Gaping down -$7.50 like to see this pop at open and gap fill to $110-$112 then top off then slow all day fader back down to pre-market lows, if this yanks at open watch the $103-$105 area then slow gap fill short cover back 3-5 points to the upside. Should be fun
9) $NOW Replacing CELGENE in the S&P 500 (266.31) The big one traders
Stock Gaping up +$10 I would like to see a little more pop at the open towards $280-$285 then look for 5-8 point sell off on profit taking, this will NOT gap fill Traders, if this pulls at all at the open on profit taking watch the $272 and under area then bottom curl it then slow move back to pre-market highs, more this pops at the open better the range for us to the downside.
10) $AVGO BIG CALL from Morgan Stanley raising PT from $298 to $367 (311.07)
Stock Gaping up +6 Like to see a little more pop at the open towards $320-$323+ then top if off then look for some gap fill back down to $313-$315 and under then bottom curl then slow all day move back to pre-market highs, if this snaps right at the open watch the $313 area and under and scale in small starter then add as it starts to push stock will have range for us today
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Notable Calls:
$HD Earnings Miss Guides lower (238.85) Typically Wall Street likes to BUY the Weakness on $HD when they miss Stock is gaping down -$19 I would like to see this at least through $235+ by the open then top it off then slow fader back to pre-market lows, if this pulls hard at the open watch the $218-$220 area I believe BUYERS will come in there any buy the weakness
$JKS Guides Lower Earnings Mixed (14.87) Any pop at the open towards $16.50-$17 watch for topping then look of this to full gap fill to $15 and under, if this sells off an dumps look for $15 and under then bottom curl then 1 point slow move to the upside
