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Pre Market Game Plan by AJ – 12/18/17

 

1) $CYAD Up on air “Blindfold” Trade (36.50)
Stock Gaping up +$3 on nothing, not news, Lean into this short some here at $39 level room to add at the open look for this to gap fill and fade back to $37 and under. No news on the gap up so this should be a quick gap fill for fast money at the open

2) $MARK gaping up on Bitcoin being up (7.81)
Stock Gaping up +$1 I would like to see this small pop at open towards $10+ followed by a nice gap fill to $8 and under before going long, higher it pops at the open better the short for us on the downside. Either way I hink this fill the gap before going long on it.

3) $ROKU gaping up on No news (52.31) “Blindfold Trade”
Stock Gaping up +$2.60 would lean into this short $55 level room to add at the open then look to gap fill this pretty quick. ROKU likes to gap fill before legging up and this 2.5+ gap is a perfect short opportunity for us.

4) $OTIV read the news carefully, they are NOT blockchain there simply “getting ready” to take Bitcoin as a currency (1.03)
Stock Gaping up +3.00 I would simply fade this back to $1.50 or under on this. Any pop at open imo should be a fade and gap fill this back to $1.50 and under, if this just dumps at open then cover your short from $3.80 spot and be happy on this gift, either way I think this fade. If however sheep chase this let it run thru $4 again before scaling in short.

5) $AKAM Oppenheimer Upgrades the stock to $80PT Credit Suisse to $75 (57.76)
Stock Gaping up +$9 Points I would lean into this short here at $66.50 are room to add at the open maybe we get $68 on it then look to SHORT this for 3-4 points on the downside and gap fill. I like the upgrades and PT but this is up way too much and before it starts to make a solid move to the upside you need to gap fill this first.

6) $MARA Bitcoin up this is up huge along with $RIOT (5.74)
Stock Gaping up +.90 I would like to set this small pop at the open followed by a nice gap fill back to $6 and under, if this sells off at the open to $6 and under just watch for bottom curl then look to go long on it. Wait for this to set up and dont expect more then .50-80 cents on the move imo

7) $CSX Ceo passed away (52.93)
Stock Gaping down -$1.20 earlier the BUY was at $50 I think in the short term this may fade at the open after small initial pop and we may see this get below $50, if we do don’t panic this is short term imo JPMorgan states we may see $45-$48 on it, if it begins to set in on lower lows then just short it for an all day fader on it and anything below $50 I would be loading up and buying the weakness

8) $RIOT another day another play (28.50) Bitcoin reaching all new highs
Stock Gaping up +$4.50 I would lean into this short around $32.50 are room to $34 at the open gap fill this back down to $27-$28 then look for bottom curl on it then should be a nice play on it back to highs, let this set up for you look for the pullback on this gao up shoul be fast and quick imo

9) $LFIN Gaping up HUGGGGGGGEEEE (22.01) Told you all on Friday multi day runner from $8 as long as NO offering this will run more!
Stock Gaping up +$22 POINTS wow!!!! IMO this should small pop at open followed by a nice sell off by at least 10+ points to the down side, if this pops at open on squeeze could hit $50 before calming down. The more this pulls at the open if it does let it flush out then watch for bottom curl this is a crazy stock traders. Just be aware

10) $OSTK gaping up on BITCOIN being up (68.35)
Stock Gaping up +$2 I would like to see this pop a little more at the open maybe we see $71.50-$72 then look to short this gap up and pull it down to $$68.50 and under, if this pulls hard at the open look to gap fill it then look to go long on it. should be fun today

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Notable Calls:

$SSC Keep an eye on this today gaping up +.50 (4.20) just wait for the small pop and pull at the open then look for bottom curl around $4.30 area and under then look to go LONG on it for potential move to the upside

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