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Pre Market Game Plan by AJ – 12/1/17

1) $MARA Chicago Merc Exchange & CBOE Futures self Certify New Contracts (4,17) Wait for this to set up for us!
Stock Gaping up +$1.15 This ran last time big, this news is pretty significant $SRAX $DPW $RIOT $XNET will all be bouncing out of the group I like $MARA to make a nice move, its a volitaile stock but with todays news think we can run it. So at the point wait for the pop at open to $5.50-$6 then get a decent pullback on it then look for a nice bottom curl then we can take it long

2) $QD China Regulators said to circulate new regulations (13.60)
Stock Gaping down -$1.40 I would take a nibble LONG at $12.30 and see if we cant get some sort of bounce to $13.50 at the open and gap fill some of this, before all day fader. I would prefer pop at open then look for a nice all day fader on it. If this pulls hard at open to $11 spot then look to long it on a nice quick 1 point bounce or more

3) $XNET along with $MARA this is gaping up this could potentially give us another short shot again (13,65)
Stock gaping up +.60 I would love to see a nice pop at open to $15 spot if it comes on a nice short squeeze then look for a decent sell off pullback to $13 and under then bottom curl it then we play it long again, this is a fun Day Trade only so I will walk you thru when I see the flags just as I did yesterday

4) ****$GCO Earnings/Guidance Miss (31.10)
Stock gaping down -$5.50 I would like to see a small pop at open on short covering to $27-$28 then look for topping on it then look to shred this back down on an all day fader, if this pulls hard at open to $22-$22.70 area would take some long and play a nice 2-3pt bounce on it. Should be fun with range

5) $ZUMZ Earnings Miss (21.80)
Stock gaping down -$1.30 I like to see a small pop at open followed by an all dy fader on it looking no more then $21-$21.25 if it pops on some short covering, if this pulls hard at open to $18-$19 play a quick 1-2point bounce on it before leaning into it short. Should be fun.

6) $NTNX Earnings Beat seeing Multiple upgrades on it as well (32.80)
Stock gaping up +$3 I would like to see small pop a little more at open towards $36-$37 on it then lean into it short and gap fill this back to $33.50 area or under then look to go long on it for a slow all day move back to the upside. Great win on earnings this should have a nice long play it once profit taking has kicked in.

7) *****$AMBA Earnings Beat (54.27) Note AMBA always always fills their gaps on Earnings 
Stock Gaping up +$4.50 I would nibble small short at $58.20 area room to add at the open if it comes to $59+ watch for topping then look to fade this back down and gap fill it to $55-$55.50 and under, AMBA tends to sell off their gains on Earnings and Analyst calls so I will be eyeing the short side of the gap once it pops and pulls

8) $BIG Earnings Slight Miss (59.10)
Stock gaping down -$2.60 I like to see small pop at open possibly to $58.50-$59 area then see if it tops off then lean into it short for an all day slow fader on it, if this pulls hard at open to $55 level or under watch for shorts to cover some and look for a nice 1-2point bounce on it.

9) $OSTK Gaping up on No NEWS but yesterday got sold off (47.10)
Stock gaping up +$2.05 I like to see small pop at open another .50-$1 then look for a nice gap fill sell off on it back down top $47.50 or under bottom curl then look to go long, this reminds me of $ROKU when it gaps up tends to fill the gaps first from previous day then look to go long on it.

10) ******$ULTA Earnings Miss and Guidance Miss (221.71)
Stock gaping down -$15 points, I like to see this pop at open pop at open towards $211-$214 area then top off then look to fade this back to lows, if this pulls hard at open and we are lucky enough to get to $200 and under go LONG and play a nice 5-7pt bounce on it. Wait for this to show us at open what it wants to do. I love trading this type of play

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Notable Calls:

$FIVE Earnings Beat (61.80) Gaping up +$1.10 look for quick pop at open to $63-64 then lean into it short gap fill it back to $62 and under then look to go long on it for a nice slow all day move to the upside, if this gap fills at open to $60.50 spot area then look to go long on it

$PTLA GS tags a $75 BUY rating on this (50.75) probably pop at open to $52 quick then look to gap fill it back to $51.25 and under then go long on it on a swing idea see if we get $55 on this sometime today or monday on this call

 

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