1) $UIS to sell Federal Business unit for 1.2 Billion to SAIC (11.10) BIG for $UIS
Stock Gapping up +3.5 I’d like to see this thing run to $17-$20+ before any kind of pullback on it, if this snaps $15 at the open we get a few points to the downside, but no way this gap fills IMO

2) $WWE Earnings Miss (49.00)
Stock Gapping down -$10 would nibble small long around the $39 area look for 2-3 point push on it then look to fade it for the day, higher it goes off that $39 level if we get lucky and see $45 level great more to short it, IMO I would love to see this pull to $35 level and we bounce it nice

3) $RAMP Earnings Beat (41.40)
Stock Gapping up +4.50 with NO MM’s on it yet like to see small pop at the open towards $47-$48 area top it off then look to gap-fill fade this back down to $43 area and under on profit-taking. More it pops better the fade stock is thin, so it should give up quick Snaps $45 we get that pullback on it we want

4) $ARWR Earnings beat also reports positive clinical data (43.72) NOTE $ARWR fill there gaps
Stock Gapping up +4 this is nothing more then a pop and fade back to $44 and under, higher it goes better the range for us to the downside, stock can never ever hold there gains, if this snaps at open to $44-$44.25 and under would bottom curl it then slow all day move to the upside

5) $PTCT Getting hit on Genetech Sunfish showed positive results (53.88)
Stock Gapping down -$6.88 would nibble small long at $47 area room to $45 pull at the open think this will rebound back to $50+ then grind out, more it pulls better the range for us to the upside

6) $MBUU Earnings Beat (46.66)
Stock Gapping up +$5 IMO this should simply gap fill back down to $47-$48 and under although they beat and raised, this stock is thin and a lot of bagholders want out on this one if this pops again at open to $55-$57 areas watch the topping on it and look to fade the stock should be quick

7) $CAH Earnings Beat (52.68)
Stock Gapping up +$4 like to see a little more pop at the open towards $57.50-$58.50 top it off then look to gap-fill fade this back to $54-$54.50 on profit-taking, a lot of bagholders on this one, so expect a decent pullback on it. More it pops towards that $60 area IF IT COMES more I want to lean into it short, they raise on guidance but not a huge, expect a push at open

8) $TWLO Earnings Miss Multiple analyst indicating to BUY BUY BUY the weakness (127.15)
Stock Gapping down -$6 would nibble small long at $121 level room to $119 bottom curl it and then look for this to retrace back to $124-$125+ levels, more this pulls better the range to the upside, so start small, if you want to wait to see a $122+ pop at the open then chase it, then nail it for a few quick points to the upside

9) $BDX Earnings Miss (285.99) I will be playing this today!!!!!
Stock Gapping down -$26 like to see push at the open to $260+ at the open then chase a few for quick move to $272-$275+ area then look to fade it back down if this snaps hard at the open watch the $250-$255 area bottom curl it and shorts should come in and cover this for a 10+point move to the upside

10) $BIIB Gapping up way too much on yesterday’s news (332.87)
Stock Gapping up +11 IMO this is nothing more then a pop and fade back to $330 and under, so if you want to take small short now at $343 area room to $345+ at the open watch for topping once this breaks $337 area stock should give us another 5-7 points or more to the downside. Analyst is saying to sell the news, so be wary of this.

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Notable Calls:

$TSLA Gapping down this morning on profit-taking (734.70) I WILL BE PLAYING THIS TODAY! Do not buy this unless we get a push at open to $720 area then we get quick 10-20 points on it and be done with it if this snaps at open hard watch the $680-$690 area bottom curl it then nails it for 15-25 points to the upside. Be patient with this, do NOT go crazy let it set up.

$CDAY Earnings miss downside guidance (73.43) Gapping down -$8 would like to see small push at open to $66-$68 area top it off and look for all-day fader on it, if this snaps look for a pullback to $60-$62 area bottom curl it and nail it for 4-6 points on short-covering then be done with it

$ELF Nice beat and raises guidance (17.34) Gapping up 1.95 stock has been bought up last 5-7 days so look for a quick push towards $20 and watch for topping, IMO this doesn’t hold and we get a nice fade on the stock to $18 and under

$FNKO Earnings Disaster BofA out with a $10PT (15.50) do not buy this crap unless you see a $10-$10.50 push at the open then quick move to $11-$12 top it off and all day fader, if small pop at the open and lower lows set in look for this to fade to $8 today on it

 

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