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Pre Market Game Plan by AJ – 1/25/17

1) $AKS  JPM Morgan cuts this to Neutral and Tags a $8PT (8.68)  SHORT IDEA
Stock gapping down -.20 would consider taking a few here SHORT at $8.45 add on pops outta of the gate look for a slow all day fader to $8 an below

2) $FCX  Misses on TOP and Bottom (17.02)
Stock gapping down -.60 would take a few here short at $17 add on any pops outta of the gate and let this have an all day fader to $15.50 or less, if it pulls hard at open to $16 or under watch a nice short covering bounce then scale in SHORT and refade this

3) $EAT  Guides lower (47.16) SHORT IDEA
Stock gapping down -$2 I like to see a quick pop at open on short covering to $46.60+ then scale in SHORT and look for an all day fader on it, if this pulls at open hard to $43 or under play a nice 1-2pt bounce then scale in SHORT on it

4) $JBLU  JPMorgan Tags a Overweight with $27PT (21.42)
Stock gapping up +.60 I like to see this pop a little more at open to $22.50+ then scale in SHORT airline stocks always give back their gap ups before legging up so any large pop at open scale in SHORT gap fill it back to $21.50 or lower then go LONG on it if it pulls to same area at open then go long

5) $CSX  UBS Tags a BUY rating with $57PT from $38 (46.69)
Stock gapping up +.80 I like to see quick pop at open to $47.75-$48+ then look for a quick short on it to $46.70 or under on gap fill then look for an all day slow move possibly to $49+ on this call and with the dow up

6) $WDC  Earnings Beat (76.01)
Stock gapping up +$4 watch for quick pop at open then look to fade this back to $77 or under on profit taking, Great Earnings but I think WDC tends to give back their earnings gaps do to many bought into it like BABA yesterday so watch for the pull slow fade on it

7)  $BOBE Sells Restaurants will acquire Pineland help their bottom line books (47.95)
Stock gapping up +$9 I like to see this pop some at open then look for a nice slow fade back to $50 or under, stock has range so any aggressive short squeeze pop at open look to fade it back down. If this starts to dump at open then pull it to $50-$51

8) $LOGI  Earnings Beat (25.63)
Stock gapping up +$4 I like to see quick pop at open thru $30-$31 + then scale in SHORT and fade this pop back to $26.50 and under on profit taking pullback watch for bottom curl then scale in LONG on it. More it pops better the fade. If this pulls to same area then go long

9) $STX  Earnings Beat and Guidance (37.44)
Stock gapping up +$5.50 would take a few here SHORT at $42.75 area with room to add to $44+ on it on any short squeeze and look to sell off this gap back down to $39 area or under on Profit Taking, I think this pops and then gives back so watch for a nice 3-4pt to the downside for us today on this earnings gap up

10) $NVDA  Gapping up on Market (107.33)
Stock Gapping up +$2 I would take a few here short at $109 and on any pop outta of the gate and look to fade this back to $107 and under then bottom curl it and slow all day move back to pre-market highs, NVDA typically sells off their gap ups so stock has range

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Notable Calls:

$NEWR  Gapping up on $APPD Take out from CSCO (33.30) Gapping up +$7 I would consider taking a few here SHORT at $40 then add into pops at open look for topping I think this Gap fills back to $35 and under today

$ISRG  Gapping up on Earnings (666.05) +$10 watch for quick pop at open to $680-$685 then scale in a few SHORT and claim at least 4-6 points on the pullback If this pulls at open to $665 or under by on the pullback gap fill and play a slow all day move to the upside

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