1) $ZYNE Small Cap pump being pushed since nothing for pumping rooms (5.79)
Stock Gapping up .90 would like to see a push at the open towards $7.50-$8 then play will be over then slow fader back to $6 and under, if this starts to pull at open toards $6.40 and under let it pull the rest of the way to $6 and under. Then be done with it, I will watch for buyers if they come in and push it
2) $HALO announce “global” collaboration with $ARGX (16.12)
Stock Gapping up this +$1.40 would take a few short at $17.50 room to $18.50+ at the open look for topping then slow fader back to $16.50 and under, this is nothing here to talk about
3) $EOLS Received FDA approval for injections (18.33) That’s nice but should fade
Stock Gapping up +$6 this morning, any pop at the open imo should be nothing more then a short opportunity FDA approvals get sold off, so be wary of that, if we get $23-$24+ on it watch for topping on it then look for a nice slow all day fader to the downside, if this breaks $20.75 area then stock should slowly sell off from their.
4) $ON Earnings Beat (20.80)
Stock Gapping up +.80 would like to see this pop a little more at the open towards $22-$23 area then lean into it short then look for a nice slow fader back to $21.30 and under, if this pulls right at the open towards $21 would look to go long on the stock for a slow all day move to the upside
5) $TRTN BofA out with Underperform on the stock with $32PT (35.57)
Stock Gapping down -$1 would nibble a few short here at $34 room to $35+ at the open then look for a nice slow all day fader on this to $33 and under, once this sets up for us it should be nice
6) $SFLY Goldman out with a sell rating with a $40PT (44.53)
Stock Gapping down -$2 This is Goldman Traders so go LONG at $42.60 area room to $41 at the open then look for a gap fill long back to $44+ then lean into it short for the fader, more it pulls at the open better the LONG side for all of us
7) $MTCH Goldman out with a Sell Rating and $45PT (54.73)
Stock Gapping down -$3 This is Goldman Traders so go LONG at $51.60 area room to $50 at the open then look for a gap fill long back to $53.75+ then lean into it short for the fader, more it pulls at the open better the LONG side for all of us keep in mind GS calls tend to fully gap fill before going long so once $53.75 hits keep in mind may have 1 more point in it
8) $SYY Earnings Beat (63.57)
Stock Gapping up +$3 I would prefer a little more pop at the open on short squeeze to $67.50-$68.50 then look for this to top off and sell right into the conference call coming at 7am PST once this downtrend begins scale in and it should fade into the call, as soon as the call begins look to go LONG into the call for a nice move back to highs
9) $ELLI Merittage Group LP Increases Holding stake in Company (76.43)
Stock Gapping up +$5 I like to see this pop a little more at the open maybe we get $84-$85+ then lean into it short and gap fill this back down to $79 and under, if this pulls at the open then look for the $79 and under then bottom curl on it then look for a slow all day move to the upside
10) $ICPT Strong BUY at Raymond James with $185PT (116.62)
Stock Gapping up +$5 I want to personally short this stock and gap fill it back down to $117 and under, however given the $185 PT I would like to see a little more pop on it at the open towards $123-$125 if that comes then I will lean into it short and gap fill it, if this pulls at open towards $117.50 and under I will be a buyer on the stock for an all slow move to the upside
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Notable Calls:
$ALXN Earnings Beat (126.28) Gaping up +$10 I like to see this gap fill back to $128 and under then nibble a few long and watch for the nice pop out of the gate, if this hits $136 again would look to lean into it short and fade it back down -4-6 points. If you take a few long here at $129 level have room to add at the open
$CELG Gaping down on Bloomberg report about $BMY (89.97) Gapping down -4 this morning, I like to see this full gap fill back to at least $88.50-$89+ levels then slow fader on it if this breaks $87 at the open short it to $85 and under then look to go long on the stock
