1) $ADMS BofA out with a SELL rating and $5 PT (6.67)
Stock gapping down already -.50 I would prefer a small pop at open towards $6.40+ top it off then all day bleeder on it for 1 point or more, if this yanks at open hard to $5.50 and under go LONG and bounce it .50 to $1 top it off then all day fader on it
2) $BBBY Wedbush out with a BUY rating and upgrade PT from $14 to $16 (9.89)
Stock gapping up (looks like they think they will beat top and bottom on earnings) like to see small pop at open towards $11-$11.50 on this upgrade then look for gap fill pullback short to $10-$10.25 and under bottom curl it then slow all day move to the upside towards $12
3) $NWL Suntrust out with a BUY rating and $25 PT from $15 (18.20)
Stock gapping up +.46 cents would pick up some here at $18.60 area room to $18 at the open on any pullback small curl then slow all day move towards $19.50-$20+
4) $ICPT submits NDA to FDA (64.12) So what!!! TOP SHORT IDEA
Stock gapping up +$2 with NO MM’s on it yet, imo any pop at the open and hold to $66-$68 area top it off and expect full gap fill, more it pops if it does at the open better the fade for all of us, imo this should simply gap fill and nothing more.
5) $BIDU Chinese names showing strength related to ADR (101.21)
Stock gapping up +$2 imo this is simply a pop and gap fill, if this pops at all at the open towards $103-$105 watch for topping then fully gap fill it to $100.50-$100.79 area and under bottom curl it then slow all day move back to pre-market highs, more it gap fills better the move to the upside I do hope it pops more at the open already selling off
6) $BABA Chinese names showing strength related to ADR (165.98) YOU know BABA sells off
Stock gapping up +$5 any pop at the open towards $170-$172 top it off then look for nice gap fill to $166.50 and under, if you start now short YOU must allow it to pop but if lower lows set in this should be a nice fader on the name today back to full gap fill
7) $TTD another day another sell off to more 60 days lows on it (184.76)
Stock gapping down -.60 this should pop at the open towards $187-$190 area then top it off then look for nice 5-7 point sell off short, I would love to see $175-$177 on this today then bottom curl then slow move back to $184-$185 let this set up for us, if this yanks at the open to $175-$177 then go long and bounce it for nice 5-7 point money
8) $UNH downgraded to Market Perform with $249 PT from $292 (215.26) Significant
Stock gapping down -$2 I would prefer nice gap fill pop at the open towards $215+ area top it off then slow all day fader to $220 and under, if this pulls at open hard to $220 and under bottom curl it bounce it for 3-4 points top it off then slow all day fader on it
9) $NFLX Market barely holding up (263.08)
Stock gapping up FLAT would love to see small pop at open to $265-$266 top it off then gap fill sell off to $260 area or under, REMEMBER to consider BUYING calls on weakness Earnings coming up and JPM stands by there $425 PT into Earnings to me this is a Buying opportunity on weakness
10) $SHOP Market barely holding up (305.69)
Stock gapping down -$3 would buy here at the $302 area then watch for the pop at the open to $308-$310+ then look for the standard sell off on the name again, today I would love to see $290-$295 on it or under then bottom curl it then slow move back to $300-$305 let this set up for us
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Notable Calls:
$MOMO Chinese names gapping up on ADR (31.22) gapping up +.80 I would love for this to small pop at the open then fully gap fill back down to $31 area and under bottom curl then slow move back to pre-market highs, more it pops at the open if it does better the fade for us on the short side
$BZUN Chinese names gapping up on ADR (42.48) gapping up +1.50 would love to see this $44 sell right off back to $42.65 and under if this pops higher then $44 at the open watch for topping then short this, if this yanks and gap fills to $42.65 and under bottom curl it then slow move to the upside
$YY Chinese names gapping up on ADR (55.25) gapping up +2.30 would lean into it some short after initial pop towards $58 top it off then look for nice gap fill back down to $54 and under, more it pops at the open imo the more this will fade off give it room
