1) $ASTC Tracer 100 accepted in trace detector (2.67)
Stock Gapping up 1.5 pts In order to go long the stock you will need to break thru $4 at the open nibble some give it .20 cent stops if this breaks $3.80 and under should have a nice fade it it, I like to run it to $4.50-$5 before topping it off and fading it, so be patient.
2) $PVTL Earnings Beat (17.80)
Stock Gapping up .70 would nibble some long here at $18.20 then look for a nice move to the upside at the open would love to see through $19-$19.75 area then look for bottom curl on it then look for a nice gap fill pullback on it to $18 and under, if this yanks at open to $18 and under then look to go long on it
3) $CORT Earnings Beat (17.17)
Stock Gapping up +$2 I like to see a little more squeeze at the open if it comes towards $20-$21 spot then top it off then look to fade it back down 1-1.5 points on profit taking, if this gap fills towards $17.50 and under watch for bottom curl then long it, its up so would prefer squeeze pop then pullback the long it for the day
4) $AEO Earnings Miss (19.03)
Stock Gapping down -$1 I would like to see small pop at open on some shot covering to $18.50-$18.75+ then watch for topping then look for slow fade on it back to lows, if this yanks at open to $16.50-and under bottom curl it then look to bounce it for a quick 1-1.5 pts then fade it
5) $ROKU Market up this one should have a nice play to $38+ on it (35.81)
Stock Gapping up +.20 would nibble some LONG at $35.80 area give it some room at the open then look for this to make a decent move towards $37-$38 on this as long as the market holds this should recover from yesterdays sell off. If this yanks at open watch the $34 area
6) $PLAY Earnings Miss (51.03) PLAY tends to get bought up on weakness on ER
Stock Gapping down -$7 I would actually nibble some long here at $44 room to $42 at the open I like to see this pop at open thru $47-$48 on short covering squeeze then watch for topping then slow fader, higher it pops better the fade for us, keep an eye on it traders if this yanks at open to $42 and under bottom curl it and go long for 2-3points this is like $BIG at the open imo
7) $NBIX Phase 3 fail did not meet primary endpoint (85.76)
Stock Gapping down -$23 points I like this to really get hurt even more today, however if this pops at open on short covering look for $70-$72 on this watch for topping then look to fade it, tI would love to see this actually fade to $60 and under so try and be patient on the short give it room and play with 1/4 size on it to the downside
8) $SQ Gaping up Market up (61.78)
Stock Gapping up +$1 I like this to have a nice move towards $64-$65 today on this, so any pullback at the open on the gap fill watch for bottom curl, this should recover pretty decent today if market holds up with the China news, if this gap fills nibble long around the $62 area and be ready for the nice push
9) $ADBE Market up $ADBE up (245.34)
Stock Gapping up +$4.5 like it here would like to see nice little pop at the open towards $253-$255 then decent gap fill pullback to $247 and under watch for bottom curl on it then slow move to the upside back to highs, so watch the pop and pullback then slow all day long on it
10) $NFLX Gaping up on Market up (265.32)
Stock Gapping up +$2 I would nibble a few long at $267 room to $265 at the open on the gap fill watch for the bottom curl love to see this rocket towards $270-$275+ today as long as the market holds this should be a nice win to the upside
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Notable Calls:
$BA Gaping up on market up (322.03) +$6 like to see this have a nice slow day move to the upside on it towards $340-$345 so look for pop at open then slight pullback to $325-$326 area then bottom curl then slow all day move to the upside should be fun today on this
$HAIN Gaping up on strategic plans (18.80) +$1.10 I like to see small pop at open through $20-$21 top it off then look for gap fill back down to $19.25 and under, if this sells off look for $19.25 bottom curl then look to go long on it
