1) $TSLA Inventory Numbers OFF BIG Plus Court Issues (291.81)
Stock Gapping down -$32 I like the $260 Psychological Number for a 205+ point bounce grabbed a few LONG at $260.67 sold a few +.50 and more at $262.17 like to see this head to $265+ or more at the open, $260 is a pysch number Traders and investors will pick that up, so sell on the way up, also watch the $250 number if this pulls for another push, $TSLA is like $BA at $365 imo
2) $REPH to restructure acute care segment to reduce expenses (6.52)
Stock Gapping up +$1.30 like to get small pop at the open towards $8-$8.50+ then look for slow gap fill fader to $7 and under, if this pulls at open to $7 and under bottom curl it then look to go long on it
3) $TYHT enters Strategic agreement with Hemp Planting Base (1.09)
Stock Gapping up +.50 should run to $2-$2.50 for quick money then look for stock to sell off then look for bottom curl and see if we can run again with volume, volume will be the key
4) $RECN Earnings Miss (17.35)
Stock Gapping down -$2 like to see small push at the open towards $16-$16.50 on short covering then look for a nice sell off on it for all day fader, if this pulls at the open hard to $14.50+ scale in long for a nice short covering bounce
5) $BZUN proposed senior notes 225 million due in 2024 (44.25)
Stock Gapping down -$3.25 would BE LONG at $41.50 add on dips and look for the stock to push at the open at least 1.5-2+ points then slow fader back to lows, if this pulls at open hard watch the $38.50-$39 level and go long on it, either way this should pop at the open for a few quick points before fading off
6) $ZNH Gaping down on no significant news I can find (51.54)
Stock Gapping down -$2 I like to see this gap fill at the open for quick money back to $50.50-$51 then fade it back down for the day. If this pulls hard at the open towards $48 area go LONG on it for a nice 2 point bounce or more
7) $ROKU downgrade at Guggenheim to $72 PT from $77 (68.60)
Stock Gapping down -$2 would like to see this pop at open towards $68+ then lean into it short for a nice all day fader on it, if this pulls hard at open to $64-$65 then go long and bounce it for 2-3 points then top it off and short it for all day fader on it
8) $MU Morgan Stanley cuts this to Underweight $32 PT OUCH (43.90)
Stock Gapping down -$1.60 would like to see this gap fill a little at the open towards $42.80-$43.25 area then look for an all day bleeder on the stock to lows, if this pulls hard at the open towards $40-$40.50 area go LONG bounce it for 1-1.5 points then go short for all day fader
9) $FB Guggenheim out with a BUY rating and $200.00PT from $175 (173.54)
Stock Gapping up +$2 would let this rip a little at the open a little more towards $177-$178 then short it and gap fill it back down to $174.50 bottom curl around their then slow mover to the upside on it should be fun on the long side
10) $STZ Mixed Earnings all over the place today (179.69)
Stock Gaping flat but was up to $187 in PRE would nibble a few long at $177-$178 area look for pop at open to $184+ then fade it, this is a tricky stock this morning, if this pulls hard at open to $175 area go long and bounce it for a nice 3-4 point upside move
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Notable Calls:
$RPM Earnings Beat (59.43) Gaping up +$2 like to see a little more pop at open towards $62-$63 then look for a 1-2 point pullback on it then more it pops better the gap fill, if this gap fills at the open towards $60 then go long, imo this should poop
$ABEO This should simply pop and fade this on the News imo
$NGM IPO Priced 6.67 at $16 on the high end. If this opens $18 and under should have a nice upside move on it, if this opens above $22 size smaller and let it show you, over $25 Be careful may have to watch on the sidelines, also the open must open at least 750k-1.1million
