1) $TSLA Another amazing day to play this (858.40) Another upgrade to $928
Stock Gapping up +62 OK!!! I have been telling you for weeks this is heading towards $1000+ if you choose not to listen then that’s on you. Anyway for today. DO NOT BUY THIS unless we get a solid pop at the open towards $930-$935 then we get quick push to $950 area before this pulls back, IMO this should small pop once we break $910 we should get a nice sell-off to $880-$890 area and under then bottom curl it than a nice 30-40 point win to the upside, let this show you, but once bottom sets in this will rip and rip nice for quick money, I will be playing this today
2) $SGMS Earnings Miss (29.39) Crappy report
Stock Gapping down -4.10 actually would like to see this pop at the open on short covering to $27-$27.75+ top it off then look for this to slow all day fader back down to $25 and under, if this yanks hard at the open and snaps to $22.50-$23.50 area watch for bottom curl on it then look for a nice 2-3 point short-covering bounce on it. Should be fun
3) $SSTI Earnings Beat (28.32) Tier 4-5 upgrades PT form $32 to $45 “Reaffirms guidance”
Stock Gapping up +6.50 let this pop just a hair more at the open towards $35.50-$36.50+ area watch for tipping once this pulls $34 and under this will gap fill back down to $30-$31 then bottom curl it, IMO this is up way to much, but the stock is thin so you must give it range watch that $34 pull at the open when that hits we should get the rest to the downside.
4) $LZB Earnings Beat (32.50) Up thin, NOTE $LB tends to gap fill on Earnings
Stock Gapping up +2.50 like to see small pop at the open towards $36-$37 top it off and look for gap fill fade to $33 and under, I do not see anything in the report that makes me love this to go higher, but it’s up thin, so let it rip a little more then watch for the nice gap-fill short to $33 and under on profit-taking if you take now short at $35 you must give it room to pop then the topping will set in for us
5) $SPCE Another Crazy day of chasers (30.30)
Stock Gapping up +4 would take some short here at $34.50 area room to $35.50 pop at the open once this breaks $33.80 at the open stock should come down to $31-$31.50 and under then bottom curl it for another push.
6) $ENPH Earnings Beat (40.17) a couple of Tier 5 analyst u/g to $48-54 PT
Stock Gapping up +5.80 like to see a little more pop at the open HOWEVER I do believe this will sell-off and gap-fill to $42 and under so if you take now short at the $48 level you must give it room to $50 pop at the open then watch for topping then watch this things sell-off on profit-taking, a lot of bagholders will want out on this earnings beat so once this snaps $44.50 and under this will come down big to the $42 area I’m looking for on profit-taking
7) $GRMN Earnings Beat (97.12) up thin
Stock Gapping up +10 like to see a little more push at the open towards $109-$111 area then top it off then look to fade it 5-7 points on profit-taking, this needs to break $105 and under and we get the sell-off to $100-$102 I’m looking for then bottom curl then another move to the upside
8) $SEDG Gapping up on positive News Article (108.38) + ENPH Earnings
Stock Gapping up +6 would nibble some short here at the $114 level room to $116 then look for topping on it then look for nice gap-fill to $109-$110 and under then bottom curl it then slow all day move to the upside.
9) $ADI Earnings Beat (118.57) in-line guidance
Stock Gapping up +7.00 let this rip a little more at the open towards $127-$129 area watch for topping once this breaks $124 we should get a nice gap-fill to $120 and under, IMO this is up a little too much but I want the pop then snap then pull to $120 so let it set up for you
10) $AMED Earnings Miss (202.02) in-line guidance
Stock Gapping down -17 would nibble small long at $184 area room to $181 at the open like to see this rebound back up to $190-$193+ area on short-covering (Note do not see any downgrades this morning) If you wish to wait for the pop look for a pop to $186 at the open then you can chase it like $LRCX and get the move to the $190-$193 area then watch for topping on it, IMO this is down way too much. Let it show you at the open
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Notable Calls:
$NVDA Bernstein out with Street high of $360 from $300 (296.57) Gapping up +5.50 would take small short at $301.80 room to $303 pop at the open then look to gap fill this back down to $297-$298 area bottom curl it then slowly move back to pre-market highs. More this pops at the open better the range for us to the downside
$ZM Gapping up on NO NEWS (96.39) Gapping up +5.00 would take some short here at the $101 area room to $103 pop at the open look for this to gap fill back to $97.50 area and under then bottom curl it then slow all day move back to highs
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