1) $NEWA I like to see this rebound to $13.50-$15 towards today (11.83)
Stock Gapping up +.80 any pull at the open towards $10 spot like yesterday I am a buyer watch for volume and hopefully we get bottom curl on it and go long for a nice 1 point or more on it
2) $LB Earnings Miss (31.89) This should get gutted today, BUT we must wait for it
Stock Gapping down -$2 I would like to see this push at all at open to $31 area then scale in short for an all day fader on it, if this pulls at all at the open to $28 area you must bounce it for 2 points before shorting it. Horrific numbers this should get gutted multiple downgrades
3) $HRL Earnings Miss (38.51)
Stock Gapping down -$2 I like to see this actually get bought up today on weakness and look for a gap fill back to $38 if this pulls at the open at to $36 and under I am a buyer on this, Wall Street love to buy $HRL on any weaknesses
4) $ACIA Piper out with a OverWeight with $46 PT from $38 (38.23)
Stock Gapping up +1 I like to see small pop at the open maybe we get thru $40+ then short it and gap fill it back to $38.50 bottom curl then look to go long on the stock all day slow move to the upside, if this pulls at the open and gap fills I AM LONG on it
5) $WSM Earnings Beat (62.61)
Stock Gapping up +$5 I like to see a short squeeze out of the gate to $69-$70 area then scale in a few short and look for this to come down to $64-$64.50 or under on bottom curl then look to go long, I like the beat especially on-line sales but hard to buy here let it pop and drop then we nail the long side of it
6) $EXAS Multiple upgrades this morning $74 and $90 from Leernik (65.32)
Stock Gapping up +1.25 I would like to see a small pop at the open towards $69-$70 then scale in short on it gap fill it back to $66 and under then bottom curl on it then look for a nice slow move to the upside back to highs, basically let it set up for us. Should be fun
7) $VEEV Gapping up already pre earnings not yet out (88.99)
Stock Gapping up +2 I would wait for small pop then look for full gap fill to $89.25 and under take a few long ( I took a starter to $89.25) then look for a nice move towards $91+ any pop at the open I would sell into that. If it yanks at open to $88.50 and under I will add to my position
8) $PLCE Earnings Beat and raises FY19 EPS above consensus (137.50)
Stock gapping up +6 I would like to see full gap fill either in Pre-Market or at the open then scale in a few long and see if we get thru $140-$142 at the open. If this pops at the open let it push to $145+ then look for a short on it for a nice slow move back to $138 and under then long
9) $DXCM acquires TypeZero Tech Multiple upgrades all around $150-$160+ (138.09)
Stock Gapping up +4 I like to see a little more possible pop at the open maybe we get $145 on it then look to short and gap fill this back down to $140 and under, if this pulls at open to $140 and under at the open I would go long the stock for a slow all day move to the upside
10) $NFLX testing 33 countries no longer able to sign up to $NFLX using Apple Pay (344.44)
Stock Gapping up +5 I would take some short at $348.50+ room to add on any pop out of the gate look for this to gap fill to $346 on it then bottom curl then look for more upside move on it
_____________________________________________________________________________________
Notable Calls:
$CMG Now real news I can find significant to pull the stock down (523.58) Gapping down -$9 would nibble some long at $514.50 small piece give it room to $510 on any pullback look for a nice push to $519-$520 at the open on short covering
$BABA Earnings Beat (177.85) Stock gapping up +7.5 I like to see small pop at open maybe we get $186-$188 then scale in short and fade it back down to $180 and under on profit taking BABA tends to give back Earnings gains so watch for the $180 to cover once it starts to fade
Copyright © 2018 by AwesomeCalls LLC
No part of this content may be reproduced, distributed, or transmitted in any form or by any means without the prior written permission of the publisher. Full legal action will be taken. ALL RIGHTS RESERVED.