1) $LULU Earnings Beat (188.41)
Stock gapping up +$12 IMO the $200 area is perfect to short watch for that like to see it pop again if it does, watch for the $200-$203 topping think we get some nice profit taking down to $190-$192 and under on it. Higher it pops if it does the more range on the profit taking gap fill
2) $TNAV provide business update and reaffirms guidance (5.79)
Stock gapping up +$1.00 imo this is nothing more then a pop and fade, any pop at the open towards $7-$7.50 this should simply gap fill to $6 and under, nothing to surprising on the report
3) $IMUX reports positive Phase 2 dosing (12.90) sooooooooooooooooo??
Stock gapping up +$2.30 thin, imo this is nothing more then a pop and fade, so look for a push at the open towards $16-$17 top it off then slow all day fader back down to $13.25 and under, higher it pops better the fade for all of us on it
4) $DOMO Earnings disappointment (25.21)
Stock gapping down -$10 I like the $15 area as a base starter for long, if you take here at $16 give it room to pull believe $14 is bottom stock should rebound back to $18-$20 on short covering squeeze once it pops through $17 you can chase it for quick 1-2 points then be done with it, in the end this should squeeze up and be an all day fader on it back to pre-market lows
5) $ZUMZ nice Earnings Beat (27.60)
Stock gapping up +$3 like to see a little more squeeze at the open towards $31-$33 top it off then look for a nice 2-3 point gap fill profit taking pullback, imo this will NOT fully gap fill so keep an eye on that once we get the pullback on it should be a nice bottom curl on it then slow all day move back through pre-market highs
6) $MDLA Earnings Mixed light on guidance (36.48) Thin
Stock gapping down -$3.48 I like to see small gap fill pop at the open towards $34.50-$35.50 then top it off then slow all day fader back down to pre-market lows, if this yanks at the open watch the $31-$32 area as bottom then curl it then nice 2-3 points to the upside.
7) $GCO Earnings Beat raises guidance (35.35)
Stock gapping up +$6 like to see a little more short cover pop at the open towards $42.50-$43.50 top it off then look for a nice 3-5 point gap fill pullback on it I don’t see this coming down more the $37-$38 on the pullback, so if we get that at the open bottom curl it then slow all day move back to pre-market highs, they raised FY20 guidance pretty significant should be fun
8) $DOCU Earnings Beat (46.25)
Stock gapping up +10 like to see small pop at the open if it comes to $58 I believe this should gap fill back to $50 and under, this is up way too much and has a lot of bag holders, if you take now at $57 area give it room on initial short covering squeeze top it off and enjoy a nice slow fader with nice points on it, if this yanks right at open to $50-$52 stock should bounce 3-4 points then fade
9) $GRUB “confirms” Delivery McDonalds in NYC tri state (60.40) S T U P I D
Stock gapping up +$4 would nibble some short at $63.50-$64 give it room to $65 at the open imo this is nothing more then a gap fill short back to $61-$61.50 and under, higher it pops at the open better the fade for all of us
10) $CRWD Earning Beat BUT not huge disappointed investors (86.85)
Stock gapping down -$3 like to see small sell off at the open back towards $79-$80 on it think thats when shorts will cover and we will get gap fill pop back to $84-$85 on it, more it yanks watch for fresh buyers to come in, analyst are still giving the stock $100PT so they will be buying the weakness on it today. If this gap fills at the open would lean into it short and slow fade it towards $80-$82
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Notable Calls:
$QURE Prices 4.89 Million at $46 would love to nibble long a few at $45.50 starter room to $44.50 to add then bottom curl then nice move back to $47+, more this pulls at the open better the range for us to the upside. Should be fun. I would really like to see this dump, so be patient with it, if taking starter, start small this should fill quick imo
$BYND Interesting $130PT downgrade from Tier 4 Firm Davidson (160.97) Nice write up for a Tier 4 firm with that said stock is gapping down -5 points, like to see small pop at the open towards $157-$158 then slow fader to $153-$155 I don’t think this will sell off significant but it should take it down 3-6 points or more from yesterday’s close. Should be fun after initial pop
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