1) $RBZ Nice overnight Alert from Rafael at $6.50 stock still in play today (6.49)
Stock Gapping up +$1.5 imo this should pop small at the open then look to gap fill this back to $7 and under, higher it pops better the range to short it, if this dumps at the open hard to $6.50 and under will have a .50-1 play in it to bounce then its a over, I think this will be a short lived play today imo
2) $GT Earnings Beat (19.57)
Stock Gapping up +$1.25 I’d like to see small pop at the open towards $21.50+ top it off then look to gap fill this $GT tends to gap fill their earnings, if this pulls hard at the open towards $19.70 and under bottom curl it then go long and look for slow all day move back to $21+
3) ***********$MDCO Goldman Sachs out BUY rating with $55 PT from $25 WOW (29.80)
Stock Gapping up +$2 I would actually small nibble LONG at $31 area room to add on any pullback this stock should head to $34-$35 today would look to buy some 35-40 Calls weekly at the open this is a HUGE call by GS, if this at all pulls at the open to $30.50 or under LONG LONG LONG it
4) $SFLY Gaping up on yesterdays Chatter news (42.21) RayJay ups PT to $65 on it
Stock Gapping up +$3 I would nibble the short side of this at $45 area room to $47+ at the open think the stock gives back today and simply heads back to $42-$42.50 area and under. Imo this should simply gap fill some but NOT all the way
5) $GRUB Earnings Mixed actually downside guidance (69.78)
Stock Gapping up +$6 imo this should not be up like this, however with that said it is, so look for small pop at open towards $77 if it comes, if you nibble short here at $76 have room to the pop at open towards $77-$78+ then top it off then look for gap fill fade back to $72 and under
6) $WDC Getting smacked on INTC number + Baird d/g the stock with $40 PT (52.95)
Stock Gapping down -$3 I’d like to see small push at the open towards $51+ area then top it off then slow all day fade to the downside through pre-market lows, if this pulls hard at the open to $48 and under go LONG short cover it then look for 2-3 point bounce, I would like this to simply pop and fade BUT we need to set it up before getting in their with size
7) $EHTH HUGE Earnings Beat and raises Guidance (62.16)
Stock Gapping up +$9 like to see a little more push at the open towards $73-$75 then watch for topping then slow fader back to $65-$67 area and under, THIS will NOT gap fill all the way but once it tops out we should get a nice fade on it for 4-6 points if this at all pulls to $65 area and under go LONG they raised their guidance pretty high
8) $QRVO getting hit on $INTC #’s (77.30)
Stock Gapping down -$6 would nibble some LONG at $72 and under room to $70 if it pulls at the open look for the stock to rebound back to $75-$76 then top off and slow grind imo Think this stock will be bought up on weakness
9) $COLM Earning Beat (104.45) Thin stock
Stock Gapping up +$5 like to see small pop at the open towards $110-$112+ top it off then gap fill this back down to $105.50-$106 area and under on profit taking then bottom curl it then slow move back to highs. Should be fun
10) $NVDA Gaping down on $INTC Numbers and $WDC downgrade (186.91)
Stock Gapping down -$6 I would nibble some LONG at $181 are room to $179 on the pullback like the stock to recover back through $184-$185 on it. Think this gap down is a little overdone
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Notable Calls:
$TREE Earnings Beat Raises Guidance (368.59) Gaping up $20 I’d like to see a little more squeeze at the open possibly to $395-$400 then watch for lower lows to set in then look to gap fill this back down $375 and under on profit taking, if this pulls hard at the open towards $375 and under bottom curl it then look to go long on it
$ALV Earnings Mixed (79.71) -.40 worse (in-line guidance) don’t see how this is up +3 points would nibble some short at $83.80 area room to add on any push at open to $85 look to gap fill this back down to $80-$80.50 and under imo
$INTC Earnings Miss (57.61) Typically $INTC will get re-bought back up on weakness so nibble a few long at $53 area room to $51 bottom curl it look to go long on it back slowly to $55 area or more
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