1) $MYOK reports positive Phase 3 “Explorer Trial met secondary endpoints (61.09)
Stock Gapping up +52 do not SHORT unless we break under $108 area then look for the stock to start giving back, let’s aim for the $100 spot, we get that we should get 10-15 more points to the downside, this will NOT gap fill. To long it, I would wait for a $120 pop at the open then quick push to $125-$130 then top it off. Also, look for Analyst to come out and upgrade during the day
2) $APOP Positive Data in Medical Journal of bone marrow in humans (2.37)
Stock Gapping up +3 DO NOT LONG unless pop at the open through $6 spot then look for a quick move to $7-$7.50 for nice money then watch for topping and lower lows to set in and fade the stock all day long back to $3 and under, the stock is very thick this morning so possible run at the open before we see the lower lows set in, with that said is this breaks $4.5 and the open we should get the nice fade to $3 and under
3) $AMC Chatter that $AMZN in possible talks to buy the company (4.10)
Stock Gapping up +3.20 DO NOT BUY this unless pop at the open through $7.50 with volume then look for a quick push to $8-$8.50 then watch for topping and lower lows to set in and begin the traditional fade if this small pops at the open and lower lows set in right away look for a nice fade back to $4.50-$5 areas and under.
4) $VTIQ Gapping up on NO NEWS (16.51)
Stock Gapping up +2 would nibble some short around the $18.50 area room to $19.50 pop at the open then watch for lower lows to set in then look to fade the stock back down to $17 and under on profit-taking
5) $CYTK Granted Fast Track for omecamitv mecarbil (15.75)
Stock Gapping up +4.50 would nibble small short around $20 area room to $21 pop at the open watch for lower lows to set in then look for a nice gap-fill sell-off fade to $16.25-$16.50 and under IMO this should simply pop and fade back down to $16 area
6) $CAH Earnings Beat (49.88)
Stock Gapping up +6 like to see small pop at the open towards $56-$57 areas we get that watch for a little more push then let it settle down for a nice gap-fill fade back to $51-$52 and under if small pop at the open scale in short breaks $53 look for gap fill to $50-$51 and under then bottom curl it then slow all day move to the upside
7) $QDEL receives EA from the FDA for rapid antigen Covid-19 (158.60) Should simply fade
Stock Gapping up +30 IMO this is nothing more then pop and fade for 10-20points or more, DO NOT long this unless solid pop at the open to $190 then quick push to $195-$197 watches for topping then all day bleeder back down to $165-$170 and under, if small pop at the open and lower lows set in breaks $180 short the rest to $165-$170 let this show you at the open
8) $TTD Gapping down on Market down (315.50)
Stock Gapping down -7 do not long the stock unless pop at the open towards $310 then quick push to $312-$314+ on the gap-fill top it off then look to fade the stock most of the day all day to $297-$300 and under if this snaps hard at the open and breaks the $298-$300 area watch for quick short-covering pop for 5-6 points or more then top it off again and look to fade the stock most of the day
9) $NVDA Needham out with a $360 raise PT from $270 (312.50)
Stock Gapping down -4 IMO this should continue to run but with the market gapping down lets first get small pop short covering to $312-$314+ top it off then we short it, if you take now at $310 area you must give it room to pop, If this small pops at the open and lower lows set in right away then short the stock for solid money to $300-$302 and under before we see any kind of bottom curl on it, should be fun today break $300 we get 5 more points to the downside
10) $TSLA wants to sue California to open up his plant (819.42)
Stock Gapping down -20 points do not long this unless pop at open through $805 area then quick push to $810-$815 then top it off then look to fade it and sell-off to $770-$775 and under, if this pull at the open watch $785 break that then we get to $770-$775 on it then I think that will be bottom then we run it for the standard 10-15 points to the upside, more this dumps and sells off better the range for the solid pop
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Notable Calls:
$ROKU Gapping down on market down (126.66) Gapping down -3 points like to see small pop at the open towards $125-$127 area watch for topping then nice short back below $123 then we see $118-$120 and under then bottom curl it then slow all day move back to 3-$124+ moe this yanks and dumps better the range to the upside for us on short-covering
$ORA Earnings Beat (63.09) Gapping up +6 like to see this small pop at the open then look for lower lows to set in and we look to sell this off and gap-fill it back to $64-$65 and under, if this snaps right at the open and gap fills to $64-$65 looks for bottom curl then slow move all day to the upside
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