1) $AWX Gapping on NO News I can find I think Pumping rooms have nothing to play (5.69) volume decent
Stock Gapping up +1 I like to see this small pull then look for that buyer to push it, if it touches $7 on it then look for a solid .50 cents push, if the lower lows simply set in then look to fade it back all day back down to $5.50 and under
2) $PSTG JPM out with an Overweight on it with a $30 PT (23.35) LONG some at $23.75
Stock Gapping up +.40 not much risk here will be looking for this to touch $25 on it, so I will add on dips JPM out pretty positive on there notes, so want to nail this today. Seems like a nice bottom curl forming last 5 days
3) $IMPV Earnings Miss (56.70) Tons of Downgrades and most top analyst staying by the sidelines on this (56.70)
Stock Gapping down -$13 would nibble a few LONG at $44 area BUT I think this will pull to $40-$42 so if you add on that your average should be good then look for this to get thru $46-$48 on short covering then fade it all day after it tops off. This will bounce on short covering but in the end this should fade off all day
4) $FSLR Earnings Miss (53.67) Big disappoint by most analyst JMP has a $45 PT this morning and they are a fan of the stock
Stock Gapping down -$3 like to see a little short covering pop at the open maybe we get $51-$52+ on it then watch for topping on it then look to fade it all day for a nice leg down. If this pulls at open hard to $48 area I am buyer long for a solid 1-3 points bounce then short it again Let’s see how it sets up
5) $CL Earnings miss (66.94)
Stock Gapping down -$2.80 I like to see a decent sell off at the open maybe we see $62 on it let it pull down then bottom curl bounce it for 2 points or more. If this pops at open at all thru $65.50+ scale in SHORT and look to fade it all day long
6) $TEAM Earnings Beat Crushed it (66.83) BMO $82 Morgan $75 Cannacord $85 DA Davidson $88
Stock Gapping up +11 I like to see this push at open to $80+++ then I will take a few short and gap fill it some 3-5 points to the down side, This beat nice seeing lots of upgrades in the $85 range so be careful, if this pulls at all at the open to $70-$72 and under I would be a buyer on it and ride it all the way back up to highs
7) $LOGM Earnings Disaster (104.50) Multiple downgrades
Stock Gapping down -$19 I would nibble some around $82 area room to $80 look for a short cover gap fill to $88-$90 then look for a nice slow all day fader back to lows. If this yanks at open to $79 area or under I am a BUYER on the long side for sure
8) $EXPE They crushed it BUT I feel this was already built in NOTE: JPM put Neutral on it with $137 PT (125.80)
Stock Gapping up +14 Points took a few short at $138.20 will add on pops to $140+ then I will be eyeing a pullback gap fill to $135-$136 area for quick points. All I am looking for is quick money on it, I will give it room I have played this before and they tend to gap fill
9) $SAM Earnings miss (311.70)
Stock Gapping down -51 POINTS I like to see a possible pop at open to $275-$280+ then watch for topping then slow fader back to lows, if this pulls at open hard to $250 and under I will be eyeing a bottom curl then go long on it for a nice 10-1 points short cover squeeze
10) $CMG Earnings Beat (446.76)
Stock Gapping up +29 POINTS I actually would nibble a few short here at $474 area room to $480 pop at the open this could get to $485 then look for that nice profit taking gap fill back down to $460 and under, this will NOT gap fill all the way BUT I feel confident to see a nice 10 point pullback on it. So Trade small on it cause the points will add up
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Notable Calls:
$LRCX Earnings Beat (177.26) They needed this. Gapping up +8 I like to see a little more pop at the maybe we get to $188-$190 then take some short and gap fill it back down to $180-$181 and under then look got a nice bottom curl on it then look to go long back to highs.
$ELLI Earnings Beat (109.27) Gapping up +$5 would take a nibble short at $114.50 room to add at the open then look for a nice pullback on it gap fill to $111 or under bottom curl then look to go long on it.
$AMD Gapping up on $INTC Earnings (18.35) +.85 I like the gap up I feel it will give us a .35-.55 cents pullback opportunity and I took a starter short at $19.15 will add on pops just looking for that quick snap then cover should be fun before legging up
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