1) $TNXP see no significant news on the stock (3.15)
Stock Gapping up +$6 I would simply fade this for the day back to $4 spot don’t see why this is up to begin with so any pop at open or push look to top it off and fade it
2) $AOBC Earnings Beat (12.21)
Stock Gapping up +$2 I like to see a small squeeze at the open towards $15-$16 on it then look for a nice sell off to $13 and under on profit taking, if this yanks at open to to $13 and under go long and bounce it all day
3) $UNFI Earnings Miss (19.73)
Stock Gapping down -$2 I like to see a little more pull at the open possibly to $16.50-$17 then bounce it for 1-1.5 points then top it off and fade it, if this pops at open to $18.75+ at the open scale in a little give it room to $19 then look to fade the stock
4) $ZUMZ Earnings miss lowers guidance (19.26)
Stock Gapping down -1.5 small pop at open towards $18.5-$19 top it off then all day fader, if you take now at $18 have room to add this should get hurt today and look for $17 and under on this today
5) $DOMO Earnings Beat up thin (15.63)
Stock Gapping up +$2 like to see small pop at open through $18-$18.50 then look for topping then gap fill this back down to $16 and under on profit taking then bottom curl it then look to go long, if this pulls and gap fill at the open $16 and under look to long it
6) $BIG Big miss on guidance (40.30)
Stock Gapping down -$8 I like to see some short covering at the open maybe we get through $34-$35 then top it off and fade it, However if this pulls hard at open to $30 I will nibble a few more long and look for the 2-3 point bounce. At some point shorts will want to cover that have been holding for the last few months so keep an eye if you see a few big green spikes in it
7) $FMS Earnings Miss (39.23)
Stock Gapping down -4 I like to see small pop at open towards $37+ then scale in short and fade this for the day, if this pulls at open hard to $33 spot I will be a buyer and bounce it a few points but in the end I like to pop and fade this one today after any intial pop
8) $LULU 1st reaction was WRONG reaction after the close Earnings Beat (131.44)
Stock Gapping up +$1 I like to see a little more pop at the open if it comes would like $135-$137 then I want to short this and fade it, if this pulls at the open I will be watching the $130 and under break then take it to $122 and under, IMO this should pop and fade at least 4-6 pts to the downside, let it set up
9) $AVGO Earnings Beat raises div. this is good for shareholders (227.24)
Stock Gapping up +10 I like to see this pop on short squeeze at the open towards $240-$245 then short it back to $232 and under bottom curl it then look to go long, if this yanks at the open and watch the $232-$235 area then bottom curl it for a move to the upside
10) $ULTA Lite on Guidance (292.92) This will be all about how it opens so wait a few mins
Stock Gapping down -$19 I like to see this actually pull at the open to $265-$270 and under then bounce it 5-10 points for quick money, if this pops at the open you can chase a few but I don’t think it will get higher then $283-$285 on it then top it off then look to fade it. This is tricky but I do think shorts will want to come in and cover at the open
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Notable Calls:
$NFLX Market flat on numbers (282.88) Gaping none, like to see small pop at open maybe we get thru $285+ then watch for topping then 2-4 pt pullback on it then look for a nice scalp plays through the day, if we get the DOW pushing then we will simply long it to $290+
$YELP Gaping up on added S&P Mid Cap 400 (34.41) Gaping up 1.5 would nibble some at $36 add on dips this is BIG news for $YELP and its investors like to see the stock head towards $38 today will buy on any dip at the open watch for bottom curl then look to long it
$CRON MO makes 1.8 bil investment 45% stake (10.45) Gaping up +2.40 I like to see decent pop at open thru $14.50+ watch for topping on it they issued shares at $16.25CAD then look to fade some on profit taking back down to $11.50- and under, let it set up but I would prefer the pop and fade it
$MRNA Upsided IPO to 26 Million shares at $23 at mid range oversubscribed (0.00) Like to see this open up with 6-9 million at the open like to see $27-$28 and below would be interested in longing it, if this opens close to pricing I’m a BUYER if this opens above $35 I will need to wait on the sidelines
