1) $PLT Earnings Miss (26.88)
Stock Gapping down -$9 Be careful if you wish to take a few long here at $18.50 level look no more then a push to $20-$22 then it should top off and fade, However, if small pop at the open watch for this to flush down to $16-$17 and under then bottom curl it then slow gap-fill short over to $20-$22
2) $MYO Yesterday’s runner (12.99)
Stock Gapping up +12.50 like to see this climb through $30 towards $35 yesterdays high then let’s get a decent pullback on it towards $17 and under, if this slams and sells off at the open to $15-$17 watch that bottom curl on it and let it rip stock has room for us today should be fun
3) $AIMT obtains license for XMAB for 5million in cash (29.37) NOT A BIG DEAL
Stock Gapping up +4 would nibble short the stock at $32.50-$33 levels think this simply gap fills back down to $30 and under, nothing big here IMO
4) $BOOT Earnings Miss (42.26) But guides higher for FY20
Stock Gapping down -$5 would nibble small long at $38 area room to $37 pull at the open think the stock will rebound back to $39-$40 then grind out, the more it pulls the better the range for us to the upside, I like the stock to hit $35, to be honest, but don’t think it will be fun
5) $MTCH Earnings Miss (82.93)
Stock Gapping down -$5 Like to see this ramp up and short cover to $80-$81+ at the open then look to fade the stock back down towards $75-$77 areas, if this small pops lower lows set in look for this to fade most of the day towards $75 and lower.
6) $USNA Earnings Beat (65.93) NO MM’s on it yet!
Stock Gapping up +$15 Like to see a little more squeeze at the open towards $82-$85 areas once this snaps $79 at the open chase it and gap-fill it to $72-$75 areas and under, this will NOT GAP FILL but the stock has range and we should see some nice profit-taking on it once it begins to snap and pull HIGHER it pops at the open better the range for us to the downside
7) $TTWO VP Creative Dan Houser leaving (126.93)
Stock Gapping down -$6 I would be a buyer on this weakness at $120 area room to add on any pullback to $118 at the open look for the stock to rebound back to $124-$125+ a share
8) $KLAC Earnings Miss guides lower (178.80)
Stock Gapping down -$5 do NOT BUY unless quick pop at the open to $175 area then look for quick push for $177+ top it off then slow all day fader on it if this snaps at open watch the $166-$168 area shorts should come in and cover for 3-4 points then top it off then slowly move back to lows. Let this one set up for us
9) $TTD Gapping up on Market up (303.13)
Stock Gapping up +6 took a few short at $309 room to $312 pop at the open looking for the stock to gap fill back down to $305 and under then bottom curl as long as the market holds then slow all day move back through pre-market highs.
10) $TSLA Another day, tons of downgrades on PT across the board (887.06)
Stock Gapping down -$50 DO NOT BUY this unless we see a solid pop at $860+ area then we can chase it to $890-$920 on it once it gets going, otherwise may get a small pop then a fade below $800 before we see a bounce, this isn’t like yesterday Traders so today either play small or stay away, the set up must be there for us to size in an seize it
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Notable Calls:
$NFLX Gapping up on Market up (369.01) Gapping up +$6 nibbles some short at $375 level room to $378 pop at the open looking for profit-taking gap fill back down to $370-$372 area then bottom curl then slow all day move back through pre-market highs as long as the market holds
$LK Gapping up on Market up +2 points (36.24) would take some short here at $38.50 room to $39.50 pop at the open look for this to gap-fill to $36.75-$37.25 and under on profit-taking then bottom curl it then slowly move back through Pre-Market highs
$IRBT Gapping up on NO NEWS (48.12) Gapping up +1.75 would take a few short at $49.75 area room to $50.50+ pop at the open look for this to gap fill back down to $48.50 and under then bottom curl it then slow all day move back to pre-market highs
$ABUS JMP Securities tags a $10PT and say this is a BUY (2.81) Gapping up +.45 cents would take a few LONG here at $3.25 with room to $2.90 pull back at the open then look for the stock to head to $4.50-$5 possibly today or by end of the week, should be fun
