1) $MU Earnings Surprise beat a lot of mixed analyst calls + beaten down stock (32.68
Stock Gaping up +3 like to see this pop a little more at the open I would NOT short this until it breaks $35.40 and under if it snaps that we will get 1-1.5 points to the downside, higher it pops better the range for the short so let it set up
2) $AMD Following $MU numbers (28.86)
Stock Gaping up +$1.02 would nibble small short here at $29.88 room to pop at the open this should gap fill back down to $29.35 and under on any pullback imo this should have a good day in it to the long side, but let it gap fill an pull back .50 cents or more before sizing in long
3) $WDC Gaping up on $MU numbers (41.10)
Stock Gapping up +$2.40 would nibble some short at $43.30 area room to $45 at the open if it comes looking for this to gap fill back to $42- $42.30 and under then bottom curl then slow all day move to the upside back to pre-market highs
4) $AVAV Earnings mixed in-line guidance (61.31)
Stock Gaping down -$4 imo this should gap fill back to $59-$60 so if this pulls at the open hard to $55 and under I would be a buyer on the bottom curl, I think this is a little overdone and would expect the stock to get back to $59-$60 if you take now small LONG make it small in case the $55 come watch that bottom curl then nail it long
5) $ZM Gaping up on Market up + yesterday’s sell off (85.03)
Stock Gaping up +$2.75 like to see this rip a little more at the open towards $88-$89 then gap fill short this back to $85.50-$86 then bottom curl it then slow all day move to the upside. Should be fun stock has range today
6) $FDX Earnings Beat (155.98)
Stock Gaping up +$4 $FDX tends to sell off 1/2 of their Pre-Market #Earnings games so I am looking for a nice gap fill to $157 and under then bottom curl it then slow all day move back to pre-market highs. More it yanks better the range for us to the upside. If this pops at open watch the $160-$161 area as tops for it then we nail it short. If you take now, nibble then add on the pop
7) $NVDA Gaping up on $MU numbers (151.48)
Stock Gaping up +$4 like to see small pop at the open towards $156-$157+ then take some short, I’d like to gap fill this back down to $152.50 and under bottom curl it then slow all day move back to pre-market highs, more it pops more this will yank and give us a few points to the downside
8) $BYND announce they have a “ground breaking” product hitting shelves this week (150.60)
Stock Gaping +$10 this is exactly what the SHORTS didn’t want to see so look for the stock to squeeze a little more at the open maybe $162+ then we scale in short it gap fill it back down to $155 and under on any pullback watch for short squeeze to set up then let it rip again.
9) $BABA Gaping up on Market up (165.80) YOU all know $BABA loves to fill gaps
Stock Gaping up +$4 would nibble short at $169 area room to add on any pop at the open look for this to gap fill to $166 and under bottom curl it then slow all day move back to pre-market highs as long as the market holds
10) $TTD Gaping up on Market up + it was oversold yesterday A LOT (226.88)
Stock Gaping up +$13 Thin, I would like to BUY a nibble long around tohe $228-$230 area would try and catch a few small add on any pullback, stock has range and think it will rebound right back to $238-$241 are play small it will add up
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Notable Calls:
$ABBV Leernik out with a upgrade to “Outperform” and Tags a $88PT (65.70) Told you all to overnight this stock at $66 and under looking for the stock to rebound to $69-$70 today with the market gaping up, if this pulls at open and gap fills bottom curl it slow all day move to the upside
$OLED Gaping up on Market & $MU Earnings (177.87) Gaping up +$4 would take some short at $181 area room to $183 top it off look to gap fill ths back down to $178.50 and under bottom curl then slow all day move to the upside
