1) $AMC update on status how they are trying to survive currently enough cash till July (2.44)
Stock Gapping up +1.65 do not long it unless we get a $4 pop on it with serious volume then quick push to $5 and top it off, otherwise, simply wait for small pop and lower lows to set in then all day fader back down to $2.75-$3 and under
2) $PLNT Gapping up on the idea America is opening back up (50.10) Took short $58.50
Stock Gapping up +8 would nibble short at the $58.50 area room to $60 pop and look for this to gap fill this back down to $52-$54 and under, IMO this shouldn’t be up at all. More it pops at the open better the range to the downside
3) $MRNA Receives over 400Million FDA government award to come up with vaccine (40.60)
Stock Gapping up +9 would take some short $49 level room to $50-$51 to add this should gap fill back down to $42-$44 and under then bottom curl it for slow all day move to the upside. I personally got short at $48.18 this morning and covered some at $47.50
4) $JACK Gapping up with a dozen others about America opening up (52.68) Names NEW CEO
Stock Gapping up +4.50 would take some short at $56.50 area with room to $58 look for this to gap-fill right back down to $53 and under then bottom curl it then slow all day move to the upside
5) $GILD early trial on remdesivir VERY positive (76.54)
Stock Gapping up +10 Like the idea of taking some short at $86 room to $88 pop at the open looking for this to gap fill back under $80, Again, they do not have the full cure, just a idea that there drug is working on patients. Still a ways to go
6) $ZM If America is opening up then people would use less of $ZM (150.26)
Stock Gapping down -4 like to see this small pop at the open towards $148-$150+ then look for some pullback of 5-7 points or more, if this snaps right at the open watch the $139-$141 area as bottom then watch for the buyers to come in and squeeze it back up 5 points or more
7) $BA to resume production of Commercial Airplanes in Puget Facility (134.24)
Stock Gapping up +15 would take some short at $149 area room to $151 pop at the open would like to see this gap-fill 1/2 back down to $141-$143 and under on profit-taking then bottom curl then slow move to the upside. More it pops out of the gate better the range to the downside
8) $NVDA Gapping up on SPY pushing on $GILD news (294.70)
Stock Gapping up +9 would take short the $301-$303 area with room to add to $305 if it comes looking for the stock to give back down to $295-$297 and under then watch for bottom curl then slow all day move to the upside. Should be fun today
9) $SHOP Market Gapping up (526.43)
Stock Gapping up +18 this morning if you can get short some at $540 with room to $545 pop at the open look for the stock to gap fill back down to $525-$530 at the open then bottom curl it then look for nice pop and move back towards $540-$550+ Today
10) $TSLA Market Gapping up (745.21)
Stock Gapping up +40 Nice short idea as always by Janni Moore this morning to short $TSLA at $780 area look for the stock to gap fill back down to $750 and under then bottom curl then the stock should be in play for us today. Should be fun. For me, do not buy unless pop at open at $775 then quick push for 10 points or more than watch for topping then short it, the more this pulls and gap fills better the play for all of us to the upside out of the gate. Should be fun today
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Notable Calls:
$NFLX Interesting upgrades from Loop to $490 + BMO to $500 (439.17) Gapping down -$10 points would not long it unless pop through $432 at the open then quick push to $439-$442 area then watch for some topping and pullback on it The more this pulls at the open better the range for us to the upside, I would love to see $425-$427 as bottom then nice bounce for 5-10 points
$TTD Market gapping up (220.73) Gapping up +14 would love for this to simply gap fill back down to $222-$225 and under at the open then bottom curl it then slow all day move back towards $230+ more it pulls better the range for us to the upside
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