1) $FOMX acne drug meets primary endpoints (5.92) EXPECT and #OFFERING on this within a day or 2
Stock Gapping up +4 sell it off to $7 and under then bottom curl then may get some push if this pops at open thru $9 again to me this is nothing more then an all day slow fader so lets see if it hits my $7 spot first
2) $SNAP Citi out with d/g sell rating PT to $8 BTIG sell rating to $5 (9.89)
Stock Gapping down -.50 would take some short at $9.40 add on any pop as it gap fills out of the gate and look for topping then an all day multi-day fader on it. IMO over the next 5 days this will slowly get under $8 with heavy volume
3) $BHC agrees to Resolve IP litigation with Acta (20.67)
Stock Gapping up +3 I like to see this pop and little at the open to $24+ on it then look for this to gap fill back down to $22 and under then look for bottom curl on it then go long, let this one set up for the downside, right now being held up on a stubborn flag.
4) $PYX up on Investor day (23.95)
Stock Gapping up +$3 I like to see this gap fill to $24.25 an under then look for a nice all day slow move to the upside. Actually would consider taking a few LONG starter here at $24.50 then add on dips.
5) $MU Goldman out with a PT cut from $68 to $50 (43.60)
Stock Gapping down -$2.25 I like to see this actual gap fill back up thru $42.85-$43+ then look for topping then all day fader on it, if this yanks at the open to $40 and under I would go long and bounce it for 2 points then top it off and fade it
6) $GILD Positive Phase 3 on Arthritis (72.23)
Stock Gapping up +2.5 I like to see a small pop at open maybe we get $77-$78 then a nice snap short pullback to $73.50 and under then bottom curl then look to go long on it. If this gap fills and pull at open to same area then look to bottom curl then go long on it
7) $TLRY OVER $100 beautiful (95.79)
Stock Gapping up +$11 would short the $106 with room to $108+ at the open gap fill it then look for a nice pullback on it to $97-$98 watch for it then look for another possible rip this time we may get $110-$112 on it today, let it set up
8) $GLPG Meets Primary endpoint in study (102.74)
Stock gapping up +20 would take some short here at $121 area room to $123+ at the open then look for this to sell off some I’m thinking maybe we get $115 and under on some profit taking then bottom curl then look to go long, careful on size on this.
9) $LRCX Goldman out tough on this cuts PT from $244 to $180….ouch (155.40)
Stock Gapping down -$4 would try and buy some long at $150 level pop it out of the gate and short cover a few points top it off then slow all day fader on it to the downside. Fill some gap then short it all day
10) $TSLA Another day in it for us (279.44)
Stock Gapping down -$1 2 ways to play this, this yanks at open to $275 and under then we go long on it for 3-5 points to the upside, or this pops at open thru $285+ then look for a decent 4-5 points short on it to the downside, lets see how it opens first few mins
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Notable Calls:
$TIF Oppenheimer out with BUY rating and a $145 PT (123.37) Gapping up +$2 like to see quick pop at the open towards $127 if it comes then look to short it and gap fill it back down to $124 and under bottom curl then look to go long for an all day move to the upside
$NXPI Stifle out with PT d/g to $80 BUT many others keeping or upping price over $100+ (89.57) gapping down -1.57 I would take some LONG at $88 area gap fill it back up thru $89+ then top it off and short it, if this yanks at open to $86-$87 I’m a buyer on the bottom curl
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