1) $AMC 70% of its US Theaters will open up Sept 4th, 2020 (6.07)
Stock gapping up +1.00 do not long this unless pop at the open to $7.10 clear that then we get a move to $7.50-$8 then watch for topping if small pop and lower lows set in look for this to gap-fill fade right back to $6.25 and under then bottom curl and slow move to the upside
2) $HOME Earnings Miss No guidance given (23.33)
Stock Gapping down -5 do not long unless pop at the open to $18.75 then short cover squeeze it for 1-2 quick points then watch for topping then all day fader on it, if this pulls to $16.50-$17.50 watch for bottom curl and slow move to the upside
3) $DKNG Michael Jordan to join the board and take an interest in the company (36.93)
Stock Gapping up +5 do not long unless pop at the open towards $42.50 then chase a few to $44 watch for topping then slow fader back down towards $39-$40 and under, if this snaps $40.50 at the open chase a few short to $38.50-$39 then bottom curl it and slow move to the upside. Should be fun
4 $SHLL Gapping up on NO NEWS or PR? (48.97)
Stock Gapping up +4.50 would take some short here at $53 room to add on any pop at the open once this snaps $52.50 at the open we should get a nice gap-fill sell-off on profit-taking right back to $49.50-$50 and under then look for bottom curl and slow move to the upside
5) $GSX Earnings Disaster + SEC Investigation + 2 BIG Short sellers in this (94.69)
Stock Gapping down -15 do not BUY this unless pop at the open to $82 then take a few long and short cover squeeze it 3-5pts then watch for topping then slow all day move to the downside, if this yanks at the open watch the $69-$71 area for potential bottom curl on it, NOTE this could fade all day long, so be careful on your size. However, with that said I will be playing this today
6) $PTON JPMorgan out with a HUGE!!! PT increase to $105 from $58 (83.67)
Stock Gapping up +9.50 would take small short here at $92.50 room to $94 pop at the open once we pull down to $91 we should get a solid pullback on profit taking to $87-$88 find some support there then bottom curl and slow all day move to the upside. NOTE: Higher this pops at the open better the range to the downside, if you want to wait for the short vs starting small now, wait for the $91 pull then chase the short should be fun
7) $CRWD Crazy move this morning on the gap (143.69)
Stock Gapping up +12 would nibble some short here at $157 area room to $159 pop at the open and look for this to gap fill right back to $147-$149 and under then watch for bottom curl and slow all day move back to highs, this move is crazy. I will be playing this on the SHORT side.
8) $DOCU Gapping up on Oppenheimer PT increase to $300 (268.80)
Stock Gapping up +22 do not long this unless pop at the open to $294 then chase a few for a couple of points, BUT once this pulls to $286 and collapses chase it short and look to gap fill this back down to $273-$275 area and under then watch for the bottom curl and solid all day move to the upside. Amazing, all I wanted was $270 yesterday and look today almost 25pts higher, so stupid. I feel like an idiot, anyway I will be playing this both long/short to cover my loses yest.
9) $TSLA Another day of fun (475.05)
Stock Gapping up +4 do not long this unless pop at the open to $480 then look for nice move to $485-$490 watch for topping then look for the standard 10-15point fade on it, if this pulls at the open I will be eyeing the $460-$465 for bottom curl and solid 10-15 point move to the upside on that, more it pulls better the range to the upside. I will be playing this
10) $NVDA wow BofA out HUGE Street high $650 wowza!!! (552.84)
Stock Gapping up +35 do not long this unless pop at the open to $590 you get that chase a few long to $595-$600+ then we can see how much more, if this snaps at the open at all it will be short-lived and I don’t see any more then $570-$575 on the pullback before fresh buyers come in and all day move to the upside. I will be playing this today on the long side
IF for some crazy reason we get below $570 and get $560-$565 then look for a solid long on it.
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Notable Calls:
$ZM Yesterdays run should get some pullback today on profit-taking (457.69) Gapping down 10 do not long this unless pop at the open to $450 then chase a few for 5-10pts or more to the upside. Then look for the short fade on it, if this yanks at the open watch the $430-$435 area for bottom curl and look to short to cover there for a solid move to the upside should be fun
$NVAX selling off more today finally below $100 (105.08) Gapping down -6.50 do not long unless pop at the open to $101 then chase a few to $103-$105 top it off then all day fader on it, if this snaps at the open watch the $95-$86 area for bottom curl bounce and nail it to the upside for a few pts
$GES Earnings Mixed no guidance given (12.01) Gapping up 2.50 pts do not long this unless pop at the open to $14.50 then chase for quick 1-1.5pts then look to short it and fade it back down if small pop and lower lows set in and can’t break $14.40 look to all-day fade it and gap-fill it back to $12.25-$12.50 and under
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