Pre Market Game Plan

Pre Market Game Plan by AJ – 4/26/18

1) $PENN Earnings Beat (26.26)
Stock gapping up +$4 would nibble a few short here at $30+ area room to add at the open then look for this to gap fill to $27.50-$28 and under then look for a nice slow all day move to the upside once this tops off and fills some there gap

2) $PCMI Earnings Beat (10.55)
Stock Gapping up +$1.45 up thin, if this pops at open thru $12+ look to scale in a few short and gap fill this back down to $10.85 and under then look for bottom curl on it then look to go long after the initial pop and drop on it

3) $UCTT Earnings Beat (15.83)
Stock Gapping up +$2 I like to simply gap fill this back to $16.20 and under so any pop at open look to lean into it short and gap fill this back down then look for bottom curl on it then look to go long on it after profit taking kicks in

4) $TAL Earnings Beat (35.43)
Stock Gapping up +$2.30 I would lean into this short at $37.50+ area room to $39 at the open then look to gap fill this back to $36 and under on profit taking then look to go long on it for an all day slow move to the upside back to highs, should pop and drop gap fill go long

5) $ALXN Earnings Beat (106.04)
Stock Gapping up +$8 this is big for this stock, would take a few short here at $114 room to $118 at the open then look for this to gap fill back to $108 and under into the ccall. in the end this company likes to fill there gaps first before legging up and if spy weakens today this should gap fill close to $109 and under imo

6) $FB Earnings Beat as promised last night they wouldn’t¬†disappoint and expect $170+ on it (159.69)
Stock Gapping up +$13 imo this should pop a little more at the open possibly to $174-$175 then look for some proft taking on it to $165 and under if that then look for bottom curl then go long for more upside, there will be some profit taking on it but dont expect a huge amount investors love this stock

7) $DPZ Nice Earnings Beat (233.53) NOTE $DPZ tends to sell off a lot of there earnings gaps
Stock Gapping up $15 would take a few short at $250 room to add at the open (wide spreads) then look for a nice slow fader on it to $235-$237 into the call imo then bottom curl then look to go long on it

8) $ALGN Earnings Beat (245.63) Multiple PT increases to $320 area
Stock Gapping up +$18 I like to see small pop at open if it comes towards $265 area or more then look for a nice fader on it to $255 and under then look for bottom curl then look to go long on it for all day slow move to the upside this should squeeze at open before selling off on profit taking

9) $ORLY Earnings Beat (227.67)
Stock Gapping up $30 points I would take a few short here at $255 with room to $260 at the open watch for topping on it then look for a nice fader 10-12 points or more, if SPY starts to weaken look for this to fade off some should see some nice profit taking on it so wait for the topping but I would take a few short

10) $CMG Earnings Beat (339.52)
Stock Gapping up +$49 I actually would take a few SHORT here at $388 room to $390-$395 watch for some topping on it then lkook for a small pullback of 1-15 points or more, this has had a huge run-up into earnings imo today I think we will see some profit taking on it

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Notable Calls:

$ACAD Longed a few overnight at $15.45 took all night to fill, think the stock rebounds to $17+ think it was overdone on an old CNN article will add on dips at the open if they come, but if $17 comes first I will sell it (15.37)

$XLNX Earnings Beat (63.64) Gapping up +$3 I like this beat look for small pop at open to $67-$68 then watch for topping then look for a nice fader on it and gap fill this back to $64.50 and under then look to go long on bottom curl