1) $VLRX positive impact on Diabetes Performance Measures (3.77) wishy wash PR imo
Stock Gapping up +$1.5 like to see small pop at the open towards $5.95-$6.25 area if it comes then watch for topping then slow all day fader back to $4.25 and under. IMO this is nothing more then a pop and fade on the news .
2) $PSTG Earnings miss everything in line guidance (20.60)
Stock Gapping down -$4 would actually nibble some long here below $17 room to $15 on the pull at the open then look for a decent rebound back to $18.50-$19+ area then top it off then all day fader on it, the more it pulls better shorts will cover then we can top it off and fade it
3) $SE Earnings Beat (25.39)
Stock Gapping up +$5 would actually like to see this sell off at the open towards $26.75-$27.50 and under then bottom curl it then look slow long for the day to the upside, if this pushes at the open at all towards $31-$32 again I would look to fade the stock and gap fill it
4) $JWN Earnings Miss (37.85)
Stock Gapping down -$3 would like to see this bought up on weakness today so take a starter at $34 area and under if this pulls more at the open towards $32.50 and under add in the end this should end up around $35.50-$36 before eod JWN likes to be bought up on weakness harder it pulls better the range to the upside
5) $AMBA report yjay HIK and Dahua customers could be blacklisted by Govt (44.25)
Stock Gapping down -$8 would nibble some long around $36 area room to $34 at the open look for the stock to rebound short cover bounce back to $41-$42+ then top it off then slow fader back to lows, more the pull at the open better the rebound the news says “COULD”
6) $KSS Getting hit on rest of Retail this morning should get a sell off (55.21)
Stock Gapping down .50 cents like to see this pull at open towards $54 and under then bottom curl it for slow move back to $55-$56 on it, imo this should be bought up on weakness.
7) $QCOM Judge ruling $QCOM violated antitrust regulations (77.75)
Stock Gapping down – -$9 would nibble small long here at $68-$69 room to $66-$67 at the open think this rebounds and short covers back to $73-$74 then slow grind fade to the down side, more this pulls better the bounce for all of us to the short covering upside
8) $TGT Earnings Beat but everything in line (71.96)
Stock Gapping up +$6 would like small pop at the open towards $78-$79 then top it off then look to gap fill this back down to $73.50 and under $TGT tends to sell off their earnings gaps
9) $VFC spin-off almost complete with Kontoor Brands (92.10)
Stock Gapping down -$6 would like to see small push at the open towards $90+ area then top it off then slow fader back to lows, if this pulls hard at the open towards $80-$82 area look to long it for a nice 4-5 point bounce back on short covering
10) $LOW Earnings Miss (111.10)
Stock Gapping down -$9 like to see small slow push at the open towards $104-$106 stock should be bought on weakness down here, if this at all pulls at the open more towards $98-$99 area I would be nibbling long on the stock for a nice 3-5 point rebound on it
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Notable Calls:
$TSLA another downgrade this time from Citi with PT of $191 from $238 (205.08) Gaping down -$7 would actually like to see more of a pull at the open towards $195 and under then bottom curl it then bounce it 4-6 points on short cover, more this pulls at the open better the range for us to the upside on short covering bounce, if this pops at open chase to $202-$203 then top it off and fade it back to lows
$NVDA Market down stock gaping down (155.06) Gaping down -$1.5 would like a little more pull at the open towards $151.50-$152.50 then bottom curl then slow gap fill back to $154.50-$155+ then top it off then slow fader back to lows
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