1) $RETA FDA approval for treatment of Omaveloxolone (31.17)
Stock Gapping up +52.00 so not long unless pop at the open to $88 then look for nice 5-7 pt more push to the upside or tad more then watch for topping if this snaps $80 at the open and lower lows set in then look for a slow slow fader 8-12 pts or more to the downside on profit taking. Let this one set up for you Traders.
2) $NVAX Earnings Miss (9.26) Complaining now they may not survive to the next quarter
Stock Gapping down -2.25 do not long unless pop at the open to $7.20 then look for quick 1-2 pt short covering pop then look for an all day slow fader back down to lows, if this snaps $6.50 at the open then look for a nice 1-1.5 pt sell off or tad more then solid bottom curl bounce, closer it gets to $5 better the range for us to the upside.
3) $XMTR Earnings Miss (30.41)
Stock Gapping down -7.50 do not long unless pop at the open to $25 then look for nice 2-3 pt push to the upside or tad more then watch for topping if this snaps $21.75 at the open then look for nice 1-3 pt more sell off then look for nice bottom curl bounce with decent range to the upside.
4) $COIN another day of fun #BTC up Market down (64.83)
Stock Gapping FLAT do not long unless pop at the open to $65.80 then look for nice 1-2 pt push to the upside or tad more then watch for topping if this snaps $64.75 at the open then look for nice 1-2.5 pt sell off or tad more then look for nice bottom curl bounce slow all day move to the upside on it.
5) $AMBA Earnings Miss (94.31)
Stock Gapping down -8.00 do not long unless pop at the open to $90 with some volume and some decent retail blocks of 10k or more then look for nice 2-4 pt short covering pop on it towards gap fill then top it off then all day slow fader back down to lows, if this snaps $86.50 then look for nice 2-4 pt more sell off then bounce it.
6) $DUOL Earnings Beat (90.79) Thin stock
Stock Gapping up +12.00 do not long unless pop at the open to $104 then look for nice 3-5 pt more push to the upside then watch for topping if this snaps $100 at the open then look for nice 4-6 pt sell off or tad more on profit taking then look for solid bottom curl bounce slow all day move back to pre-market highs.
7) $SRPT Earnings Mixed + FDA granting Priority Review (122.13)
Stock Gapping up +21.00 do not long unless pop at the open to $145 then look for nice 5-7 pt more push to the upside then watch for topping if this snaps $140 at the open hard then look for nice 8-11 pt more sell off on profit taking pullback then look for nice bottom curl bounce slow all day move back to highs.
8) $FSLR Earnings Beat (169.14)
Stock Gapping up +11.00 do not long unless pop at the open to $183 then look for nice 3-5 pt more push to the upside then watch for topping then slow fader back down if this snaps $179 at the open then look for nice 3-5 pt or tad more profit taking pullback sell off then look for nice bottom curl bounce slow all day move back to highs.
9) $AXON Earnings Beat (200.31) Thin stock
Stock Gapping up +10.00 do not long unless pop at the open to $212.50 then look for nice 4-6 pt more push to the upside or tad more then watch for topping if this snaps $207 at the open then look for quick 3-5 pt sell off or tad more then look for solid bottom curl bounce slow all day move to the upside on it.
10) $TSLA another day of fun (205.71) Investor day
Stock Gapping up +1.50 do not long unless pop at the open to $208 then look for nice 3-5 pt slow push to the upside or tad more then watch for topping if this snaps $205 at the open then look for nice 3-5 pt sell off or tad more then look for nice bottom curl bounce on it.
Extra Calls
$BIDU #China Play (137.69)
Stock Gapping up +8.50 do not long unless pop at the open to $147 then look for nice 3-5 pt short squeeze or tad more to the upside then watch for topping if this snaps $145 at the open then look for nice 2-4 pt profit taking sell off to tad more then look for nice bottom curl bounce slow all day move back to the upside on it.
$DLTR Earnings Miss (145.28) This is just like $TGT yesterday Traders
Stock Gapping down -3.50 was down 7.50 bottom line this will get bought back up, However if this snaps $140 at the open look for 2-4 pt more sell off then look for nice bottom curl bounce on it, if this pops $144 look for slow slow 2-4 pt push to the upside and go above yesterdays close.
$ONCS Small Cap runner looking to play today (1.08)
Stock Gapping up +1.20 do not long unless pop at the open to $2.40 then look for slow .20-50 cent move to the upside or tad more then watch for topping and then all day low fader right back down to lows, if this snaps $2 at the open then this is nothing more then a pop and slow fader right back down to $1.25-$1.35 and under.
$FHN Merger deal with Toronto Dominion Bank is unlikely to close by May 27th (24.77) This is a buying opportunity
Stock Gapping down -4.00 the long was at $19 this morning, most of you missed it, so now if it hits $21 look for slow gap fill push back to $24+ on it for 3 pts, if we get lucky and this snaps $19 then let it come down 2-3 pts scale in long gain and look for a solid slow all day move to the upside with nice range this will be fun if it pulls again.
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