1) $AIM Gets 6.4million on a 4 year Grant for Cancer Research (1.65) I’m NOT impressed
Stock gapping up +$1.20 would NOT buy this unless you see a push at $3.50-$3.75 with a solid 500k buyer then we can run it to quick $4-$4.50 top it off then slow fade, if this can’t push and lower lows set in, simply look for a solid sell of slow grind back down to $2 and under “:This is a Grant people NOT FDA approval do not get too excited and grants don’t fund right away” Know the difference!!!!
2) $X Horrific Earnings lowers Guidance (12.45)
Stock gapping down -$1.50 like to see sell off at the open to $10-$10.25 then 1 point bounce on short covering then slow fade back to lows, if this pushes at the open towards $11.50-$12 lean into it short for an all day fade on the stock
3) $OSTK Former CEO Byrne unloads entire stake in the company OUCH! (16.19)
Stock gapping down -$2 like to see this push at open towards $15.50-$16 then grind out, if this yanks more at the open towards $13.50-$14 and under go long and bounce this for 2 points or more
4) $MLHR Earnings Beat raises guidance “slight” (44.47)
Stock gapping up +$4.50 would take some short at $48.90 level room to $50 at the open would like to see this gap fill back down to $46 and under bottom curl then slow move to the upside, if this yanks at the open hard to $44 and under on profit taking then slow all day move back to pre-market highs
5) $BAND Downgrade from Morgan Stanley 67PT (71.87) No MM’s on it yet
Stock gapping down -$4 like to see this pop at the open towards $70+ top it off then slow all day fader back to pre-market lows, if this yanks at the open hard watch the $65-$66 area as a base then go long for 2-3 point gap fill
6) $CHKP Downgrade from BofA with $116PT from $130 (111.09)
Stock gapping down -$3 would love to see small gap fill back over $110-$112 area then lean into it short then all day fader on it back to pre-market lows if this yanks at the open to $103-$105 area bottom curl it and bounce it 4-5 points for quick money
7) $TWLO Morgan Stanley puts a BUY rating and $135PT (112.55)
Stock gapping up +$4 like to see small pop at the open towards $118+ area then lean into it short and look for a nice gap fill to $114 and under bottom curl it then slow move to the upside. If this pulls at the open to $114 area and under bottom curl it then slow all day move to the upside
8) $ROKU 2 stong defenses this morning with $185PT on each defense (129.88)
Stock gapping down -$2 I would prefer a small pop at open to $130+ at the open then look for some topping then possible sell off to $123 and under, if this snaps $123 this will go straight to $119-$121 area to bounce, Let this set up, if we catch a push at open and a solid flag to the upside through $130 I would like to see a little more push to $133-$135 on it today
9) $BYND Barclays out with a $185 BUY rating (153.99)
Stock gapping up +$4 I would like to see small pop at the open towards $159-$160 top it off then gap fill this back down to $154.50 and under bottom curl it then slow all day move back to pre-market highs towards $160 Higher this pops at the open better the range for us to the downside
10) $NFLX Should recover off the bottom today however Mixed Bernstein notes this am (291.56)
Stock gapping down -$2 like to see small pop at the open towards $293-$295 then look for gap fill pull back sell off to $288-$290 area then bottom curl it then slow move to the upside, let this one set up at the open. I’m cautious on playing size so play it small cause Bernstein put out a note this am (“reiterate $450PT but can see $230 downside pull”) The $230 has me concerned
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Notable Calls:
$TTD Market Flat want to trade the range (208.12) gapping up +$2 like to see small push at the open to $212-$214+ top it off then look for nice sell off to $206-$208 bottom curl it then slow move back to highs through $210+
$SHOP Market Flat want to Trade this (325.85) gapping up +$2 would like to see small pop at the open to $330-$332 then look for a nice sell off pullback to $320-$323 area then watch for bottom curl then nail it long with range should be fun, more it pushes at the open better the downside for all of us
