1) $IMMP Floater for the day up on Patent News (2.24)Patent news means short
Stock Gapping up +1.25 any pop at the open towards $3.75-$4.25 watch for topping then ideally look for an all day fader on the name to $2.40 and under, if the lower lows set in right at the open look for full gap fill, I hope it pops at open better the short for us
2) $JKS Earnings Miss (19.61)
Stock Gapping down -$1 I’d like to see pull at open towards $17.50 and under then bottom curl it then pop it for 1 point or so on short covering then re-short it back, if this pops at open towards $19.25+ top it off and look to short it
3) $ZUO Earnings Miss but Analyst out saying buy the weakness (24.33)
Stock Gapping down -$3.5 like to see this pop at open and short cover to $23.25-$23.75 then look to fade it slow, if this yanks at the open hard to $21 area and under go LONG and bounce it 1-2 points
4) $CAL Earnings Miss (25.75)
Stock Gapping down -$1.25 I like to see more pull at the open towards $23 area and under then play a 1-1.5 point gap fill pop then re short the stock again, if this pops at open and gap fills back up towards $25.25+ look to short the stock
5) $HIBB Earnings Beat HUGE (18.04)
Stock Gapping up +$5 I like to see a little more squeeze at the open towards $23.50-$24 watch for some topping then look to short the stock and pull it back 2-3 points on the down side, if this pulls at all at the open towards $19.50-$20 area look for bottom curl then go long on it for all day slow move to the upside
6) $BPTH Moving with no news (18.48)
Stock Gapping up +$7 would like to see this pop at the open a little more to $26-$27 then look for 3-4 point pullback on it , looks like they want to run this again today so be careful on the short side, if this pulls at the open to $21 and under watch for bottom curl on it then look to long it
7) $LITE JPM raised the PT to $65 from $50 (52.10) SWING IDEA BUY $57 weekly Calls
Stock Gapping up +$2.50 look to scale in short here at $54.50 area room to $55.50 at the open then look to gap fill this back down to $52.50 and under bottom curl it then look to go long on the stock
8) $NKE Earnings Miss (88.01)
Stock Gapping down -$5 I would be a buyer on the name at $83-$84 $NKE has a tendency to get bough up on weakness I’d like to see a pop at open towards $86.50-$87 then top it off then look to fade the stock all day long, if this pulls at open to $80-$81 then go long on it, it will get bought up at that area.
9) $BIIB Morgan Stanley out with a $210 PT OUCH (226.88)
Stock Gapping down -$3 any pop at the open to wards $227-$229 to me imo would scale in and short the stock to $220 and under today, if this yanks hard at the open watch the $220 and under then the 3-5 point pop then look to fade the stock
10) $BA Indonesia cancelled order of 49 planes (372.20)
Stock Gaping down -$3.75 I like to see a pull at the open to $365 and under then 3-4 point bounce then slow fader on the stock back to lows, if this pops at all at the open towards $372+ watch for tipping then look to fade the stock, this should take it to $365 and under imo 49 planes is alot, but its the message that its sending that worries me that a few more countries may step in and do the same Watch BA to come out today with a solid statement imo
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Notable Calls:
$TIF Earnings Miss (100.06) Word to the Wise $TIF always gets bought up on weakness. With that said, maybe nibble a few LONG at $95.50 area room to $93 if it pulls stock should gap fill back to $98+ more it pulls better the play for us on the long side, let this set up
$FL Getting hit on $NKE numbers (59.82) Gaping down -$1.60 I like to see small pop at the open LONG towards $59.30+ area then top it off then look to short the stock for an all day slow fader, if this pulls hard at the open towards $57.50 and under go LONG and bounce it 1-2 pts
$LEVI #IPO (22.41) Still and strong from $22.47 Stock has already rotated yesterday, think Fresh buyers come in possibly see $24-$25 on the stock today, if it pulls at the open let it flush to $20 area then add a few more to your portfolio
