Pre Market Game Plan

Pre Market Game Plan by AJ – 4/4/18

1) $CASI Gapping up +$1 from yesterdays run (6.30)
Stock gapping up +.80 watch for small pop at open then look for gap fill flush and lets see if it wants to run again today. Must break thru $7-$7.25 or more to run at the open otherwise just a pop and fade.

2) $TENX Chatroom pump (5.32) Former runner
Stock Gapping up +$3 like to see a quick push at open to $10 maybe even $12+ if it comes then watch for topping then look for the fader on it, its up thin so watch for the pop and snap on it. In the end this should come all the way back down

3) $LFIN LOL what a joke heading to $5 as I told you all it would do (9.89) warned you all NOT to o/n this LONG stupid
Stock Gapping down -$1.80 would actually take some long here at $8.15 room to $7.50 at the open look for a quick pop to $9.90-$10.50 on short covering squeeze then look to all day fade it back down

4) $CLDR Earnings Miss BUT seeing it defended quite a bit (22.24)
Stock Gapping down -$10 I would consider BUYING down here at $14.30 area room to $12.50 I think this can and will bounce to $16 today on it, if this just pops at open to $16+ watch for topping then we will fade it back down. This is down way too much imo so I’ll be watching the pop and fade on it

5) $CLLS 175 Million #Offering Stage 1 (38.53) Warned you all NOT to overnight where is my Thank you for those who asked?
Stock Gapping down -$4 imo any pop at open I would look for quick one to $36 if it comes on short covering then all day fader on it, if this pulls hard at open to $32 area would take some long and play the quick 2-3 point bounce before fading it

6) $INNT Market down this is up which tells me $50-$52+ on it today (46.00)
Stock Gapping up +$1 would consider buying the pullback at the open if it comes and look for a nice move to possibly $50+ today just wait for this to set up, if you buy now here at $46.90 keep in mind this could flush to $44-$45 before bottom curl then go long, imo I would wait for this to set up because you will have plenty of time to nail the point or 2 or more on it to the upside

7) $SGH Gapping down on Block Trade and you know how to buy the weakness on a Block Trade (49.94)
Stock Gapping down -$4 points would consider nibbling some long here at $45.10 room to $43 at the open and look for this to bounce to $47 on it, if this pulls really hard to $42 and under EXPECT a nice quick 2-4point bounce on it. either way I feel this will recover to $46-$47+ before fading again.

8) $PLAY Earnings Miss and on Guidance (40.69)
Stock Gapping down -$3 I ike to see quick pop at open towards $39-$39.50 then look for an all day downside on it fader if this pulls at open towards $35-$36 watch for bottom curl then look to go long and play a nice 2-3 point bounce before fading it.

9) $KMX Earnings Miss (69.96)
Stock Gapping down -$4.50 I like to see small pop at open towards $58+ then watch for topping then look for all day fader on it, if this pulls at open hard to $52-$53 spot go long and play the 3-4 point bounce before fading off.

10) ********$ANAB RBC out today with huge downgrade to $86PT from $144 OUCH!!! (90.04) Favorite set-up
Stock Gapping down NONE!!!! No MM’s on it, I think this will pull hard at open to $85 and under, if it does look to go long and play a quick 2-3 point bounce then look for all day fader on it to lows.

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Notable Calls:

$NVDA Market down this is down (225.35) I would consider buying 225-230 weekly Calls think this rebounds back up and to BUY on any weakness today, I’m looking for this to touch $215 area and under, if it does I will be all over it LONG

$TSLA JPM taking advantage of the market conditions and lowered the PT to $185PT (267.53) Gaping down -10 I like to see small pop at open towards $260-$262 then watch for some topping think this ends up fading to $250 and under after initial pop, if this pulls hard at open look for slow fader, if this pulls hard at open $245-$247 level imo will be the bounce area

$SPOT Gapping down another -3 points (148.50) looking for this to continue to head lower to $125 and under. should be a fun day to the downside imo

 

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