1) $TROV Updating Data for Venetoclax, nothing more then a pop and fade (3.27)
Stock Gapping up +1.30 any pop or chasers at the open towards $5 spot in the end this should simply fade back to $3.50 and under so watch for the lower lows to set in then fade it as normal
2) $HSTM Earnings Beat (27.20) Thin stock
Stock Gapping up +$1.60 look for small pop at open through $29-$29.50 if it comes top it off then look for a nice sell off gap fill to $27.50 and under then bottom curl it then look to go long back to pre-market highs
3) $TWTR Earnings Beat (34.39)
Stock Gapping up +$2 I like to see this small pop with volume at the open towards $38-$38.50 then look for the flag break at $36 when that comes slowly fade it back down towards $35 and under, this will be a slow short once it breaks $36 so take your time, higher it pops at the open better for us on the downside of it
4) $HRL Goldman out with a Sell Rating $35PT JPM out with U/W $36PT (40.43)
Stock Gapping down -$2 I’d like to see this flush down at the open towards $37 and under then look for a slow move short covering back to $39.50+ then top it off then look to short it, if this at all pops even small at the open look for gap fill back to $39.50-$40 since its Goldman then look for the all day bleeder on this. More it pulls at the open better the LONG for us to the upside
5) $ROKU Susquehanna out with a $80 PT (58.20)
Stock Gapping up $1.80 would nibble small here at $60 short room to $61 at the open once this breaks $59.75 and under stock should gap fill back down to $58.70 and under then bottom curl it then look to go long on the stock. I’d simply like to gap fill this before suggesting the long side, so the higher it pops if it does out of the gate the better the gap fill for us then we long it
6) $CDNS Earnings Beat (64.21)
Stock Gapping up +$3 like to see small pop at the open towards $68-$69+ watch for topping on it then look for a nice downside gap fill move back to $65 and under, if this yanks at the open towards $65 then scale in long bottom curl it then look to move right back to pre-market highs
7) $HAS Earnings Beat (88.11) Take your time on this one Traders
Stock Gapping up +$12 like to see small pop at the open towards $103-$105 if it comes then look for a slow fader gap fill towards $95 and under, once this breaks $98 stock should flush fast to $95 and under then bottom curl it then look to go long more this pushes at the open better the pullback short for us
8) $WHR Earnings Beat (139.36)
Stock Gapping up +11 up too much imo this should come down to $142-$144 or under then bottom curl it then slow all day move back to highs, More this pulls at the open better believe they will buy it right back up on the long side, if this at all pushes at open more it does better the short but in then end this should gap fill back to $142-$144 and under imo
9) $WAT Earnings Disaster lowers guidance (241.04)
Stock Gapping down -$40 would nibble some LONG at $201-$202 area looking for a short covering 10-15 point bounce on it then look to top it off and fade it. If this at all pulls to $198 area and under watch that bottom curl stock should bounce 5-10 points or more. Its thin so you limit order then when market open like $ISRG use market orders to get decent fills
10) $TSLA Musk being crazy with his 1 million driverless car by next year (262.75)
Stock Gapping down -5 I would nibble some LONG here at $258 area room to add to $255 think the stock makes a move back towards $262-$265 on it. Keep an eye on it. More it pulls if it does at the open better the play for us on the long side
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Notable Calls:
$UTX Earnings Beat (136.91) Gaping up +$5 like to see small pop at the open towards $142+ then lean into it short and look for a nice 2-3 point gap fill sell off on it, if this pulls at all at the open towards $138 and under bottom curl it then look to go long on it
$EDU Earnings Mixed (90.42) Gaping down -$3 like to see more pull at the open towards $82-$84 and under then bottom curl it then long it back to $88+ If this at all pops at the open towards $88-$89 top it off then lean into it short back down to pre-market lows
