1) $WATT received FCC approval PSAP from Delight (4.58) Former runner
Stock Gapping up +$1 I would NOT buy this until solid pop at open through $6.20 money must come in with size but already this is pretty thick so I’m thinking pop and run towards $7-$7.5 if it comes possibly higher then top it off and fade it back down, if this yanks let it gap fill back to $4.76 and under but mainly watch the long side at the open see if we get that push
2) $AMD with RBC comments on $NVDA I like this to sell off today (17.90)
Stock Gapping down -.50 would love to see small pop and ultimately sell this off to $16.50-$16.75 then watch for bottom curl on it then look to go long, higher it pops on short covering at the open better the fade for us. Especially with the market pulling it down
3) $ROKU Needham’s Top Pick yesterday 45 PT (30.35)
Stock Gapping .10 I would like to see another small push at the open towards $31+ then look to lean into it short and pull it down to $29 levels or under, then bottom curl it, with the market pulling this down I would love to see a pop and flush and new money come in and be picking this up at $28-$29 levels, I do NOT think this will see $27 again but if it does, BUY BUY BUY let it set up for us
4) $SQ Market sensitive gaping down (55.32)
Stock Gapping down -1 I like small pop if it comes towards $55 then lean into it short and pull it back down to $53 level if it comes watch for market and bottom curl then you can go long on it, with market pulling I would love to see this flush down at the open for at least 1-2 points before running again, yesterday it had a nice run off the $49-$50 level
5) $BLUE Huge day yesterday for this one, think we give back some today (98.91)
Stock Gapping none, I would like to see a flush at open towards $95-$96 then a pop on it towards $97+ then lean into it short and look to sell off the stock back to $95 and under, let this set up for us at the open, more it flushes the more SHORTS will come in and cover then we can re-short it after the bounce on it
6) $TTD Market sensitive Stock gapping down on market (110.81)
Stock Gapping down -$1.50 any little pop at the open through $110 imo would be a short and fade back down to $104-$106 area then watch for bottom curl then nibble long, keep an eye on spy if market keeps pulling this will see $102-$103 again before the bounce
7) $SHOP Market sensitive Stock gaping down on market (130.21)
Stock Gapping down -$3 I would love small pop at the open on short covering towards $129+ then lean into it short as long as market is red this should yank back down to $122-$124 levels then we can scale in and go long, I like SHOP at the $120 levels seems to hold their and always bounce so watch for it as it sells off.
8) $NVDA RBC out with cautious comments and lowers price to 200 from 230 (133.10)
Stock Gapping down -$3 would love small pop at open towards $133+ then scale in short and look for the stock to come to $125-$127 on this downgrade and also with market pulling it. If this sells off right at the open towards $125-$127 would long it and bounce it for 3-4 points before shorting it again
9) $NFLX Nice 15 POINT run yesterday (253.67)
Stock Gapping down -$5 any pop at the open on short covering imo would be a flush an short with range to $242-$244 and under, I would love to see a nice consolidation sell off on the stock and push it down to $240 levels, then look to go long on it. More it pops at the open if it does better the fade for us.
10) $BA HUGE 12 POINT run yesterday (313.93)
Stock Gapping down -$4 would love to see small pop at open to $310-$311 then flush it down to $300 and under bottom curl then look to go long on it, Market must hold before longing it, but imo this should end up flushing down with market really pulling today
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Notable Calls:
$ABMD Market down big like to short this (307.44) After huge 20 POINT run yesterday would love to see another sell off at the open towards $295 and below, let it open take a few short and let it flush down, can’t go long until market starts to ease off and we go green a little
$ADIL like to see this push again possibly thru $6.50 at the open then pull back then curl for another possible run. Let it set up and show us before we get in it, but think rooms will want to push this at the open to get a nice short on the downside on it
