1) $RHE Not seeing any news on it just momentum this morning (2.50)
Stock Gapping up ++1.5 like to see this pop through $5-$5.50 then look for decent topping and short it back down to $3-$3.25 and under, more it pops at the open better the short for us on the downside,
2) $WW Earnings Mixed, I’m not impressed (20.31)
Stock Gapping up +$2 like to squeeze this a little more at the open through $24+ if we get it watch for topping like to gap fill this back down to $21 and under bottom curl it then slow move back to highs, if this gap fills at the open go LONG on it
3) $CTSH Horrible Earnings downside guidance across the board (66.61)
Stock Gapping down -$6 would love to see this pull more at the open towards $57-$58 area get a decent 3-4 point short cover pop then slow all day fader on it, if this short covers at all around $62-$63 at the open would be a short seller on it for sure!!!!
4) $FSLR Decent Earnings beat as predicted yesterday they would do (59.86)
Stock Gapping up +$1.75 like to see small squeeze at the open towards $63-$64 area if it comes then look to short it for a quick 2 points or more then bottom curl it then slow move back to highs, if this gap fills at the open would simply go long on the stock for all day slow move to the upside
5) $MNST Nice revenue beat on Earnings (57.99)
Stock Gapping up +$5 I like to see a little more pop at the open towards $65+ then lean into it short top it off bring it back down would prefer to see $59- and under then bottom curl it. More it pops at the open better the gap fill for us on the short side
6) SHAK Decent quarter BUT I see a lot of (IN-LINE) across the board (62.91)
Stock Gapping up +$6 would nibble some short here at the $68 level room to $70 at the open would love to see this gap fill back to $64 and under on profit taking then bottom curl it then look to go LONG on it for a slow all day move to the upside, higher this pops imo better the fade
7) $ICPT Wells Fargo out with an OutPerform Rating + $120 PT from $104 (88.21)
Stock Gapping up +$3 I would nibble small short at $91 room to pop at the open to $93+ then look for a nice gap fill to $90 and under bottom curl it then look to long it towards $95, let this set up on this initial pop out of the gate then we gap fill it bottom curl it
8) $RMD Earnings Beat BUT only increased reve by 5mil (105.74) Up thin
Stock Gapping up +$7 look for small pop at the open towards $114+ then scale in short and look for a nice gap fill pullback sell off to $107 and under, imo this is up a little too much and its up thin, so I think we will see some decent profit taking on it after initial pop. If this simply sells off an gap fills bottom curl it then long it off the $106-$107 area
9) $DATA Earnings Mixed up thin (120.26)
Stock Gapping up +$7 would like to see this pop at the open towards $128-$130+ then top it off then look for a nice gap fill sell off to $122 area and lower, think we get a gap fill pull back then slow all day move to the upside, higher this pops imo better the fade for us to the downside
10) $OLED HUGE HUGE strong quarter beat across the board (156.60)
Stock Gapping up +$20 I would like to see this squeeze at the open would prefer $179-$183 area if it comes watch for topping then look for a nice 8-11 point gap fill pullback. This will NOT gap fill but stock should pop and then sell off on profit taking, a lot of bag holders, if you try to short now you have to nibble small if it pulls I don’t see more then $162 and under on it imo
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Notable Calls:
$ANET Mixed Earnings, Lowers guidance by 29 million (310.85) Gaping down -50 Points, IMO this is way too much I think this should recover back to $275-$280+ Also they are doing a 1 Billion re-purchase. If this at all pulls at open to $250 and under I will be a buyer on the long side.
This will be my #1 Main Watch today for me!
$MELI STRONG Earnings Beat (482.35) Multiple upgrades this morning Beat everything Stock gaping up +65 Points would like to see small pop at the open towards $550-560 look for topping would love to get some profit taking on this to $500-$510 and under, let this set up, once it starts to slide you can chase it and still catch 5-10 points on the downside, I think we get some profit takers after initial squeeze
