1) $MLNT FDA accepts sNDA (1.98) this is up thick with volume
Stock Gaping up +$2 like to see this push a little more at the open towards $5-$5.50 if this snaps at all must break $4 for the downside down to $3-$3.50 and under I will watch for buyer to come in on bottom curl it then slow move back to pre-market highs let this set up traders
2) $ARCT Collaboration (5.78)
Stock Gaping up +2 like to see small pop at the open towards $9-$10 then lean into it short top if off then low gap fill bleed down to $6.50 and under, more it pops better the range to the downside, this is up thin so be careful. Nothing more then a pop and pull imo
3) $KERN MTEC now under $KERN (15.35)
Stock Gapping up +$5 like to see this simply gap fill back down to $16.50-$17 an under, if this pulls hard at the open and gap fills to $16 bottom curl it then slow all day move to the upside, if this pushes again to $20-$21 top it off then lean into it short for all day slow gap fill
4) $AXTA looking into strategic alternatives (25.82) Sooooooooooooo
Stock Gaping up +$4 imo I would like to see this break $29 and simple slow fade it back down to $27 and under, I don’t think this will hold up here, if this pops to $30 let it…..then lean into it once it breaks then we nail the downside on this for slow all day fader on it
5) $ENR JPM downgrades to Underweight tags $36 PT from $45 (41.82)
Stock Gaping down -$2 like to see this pull at the open a little more towards $37-$38 area if it comes then look for this to gap fill to $40+ then top it off then slow all day move to the downside, more it pulls at the open better range for us to the upside. If this gap fills to $40-$40.50 lean into it short and look for an all day fader on it
6) $RIO issues concerns on Mine operation changes (62.18)
Stock Gaping down $3 would nibble this under $59 area give it room in case it pulls at the open to $58 and under bottom curl it then slow move back to highs like to see this get to $61-$61.50 before grinding, more it pulls if it does better the range for all of us to the upside
7) $NVDA Market up this is gaping up has range today (152.88)
Stock Gaping up +$2 like to see this push a little more at the open towards $155-$156 area then short this and gap fill this back down to $153 and under then bottom curl it then slow all day move to the upside, if this pulls hard at the open look for a nice gap fill to $153-$153.50 bottom curl it then go long for nice 2-3 points or more to the upside
8) $BYND Another day in it, I think sellers continue to sell this today (169.89)
Stock Gaping up +$4 like to see small pop at the open towards $176-$178+ top it off then lean into it short and look for this to gap fill back down to $170 and under, once this breaks $170 we should have more downside like to see this touch $150-$155 but wait for it.
9) $ADBE Earnings Beat (276.78) Multiple upgrades (276.79)
Stock Gaping up +$14 would nibble short at $290 area room to $292+ at the open look for this to sell off to $283-$285 on profit taking or more then slow all day move back to pre-market highs, higher this pops better the range to the downside, $ADBE tends to have decent sell off after earnings on profit taking, so keep that in mind
10) $NFLX Market gaping up stock up should be fun (357.12)
Stock Gaping up +$4 would nibble some short here at $362 give it room to $363 at the open if it comes look for this to gap fill to $358.50 and under bottom curl then slow move to the upside back to pre-market highs
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Notable Calls:
$LZB Earnings Miss (29.79) Gaping down -$2 like to see small pop at open on short covering to $28.50-$29 then all day fader, if this sells off at the open look for a pull down to $25-$26 bottom curl it then slow all day move to the upside
$BABA Gaping up +$2 on Market up (165.51) Like to see small pop at the open towards $168+ scale in short then look for a nice gap fill back down to $166 and under bottom curl it then slow all day move to the upside
