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Pre Market Game Plan by AJ – 7/12/17

1) $OCUL FDA issues CLR letter (7.60)
Stock gapping down -$2.25 2 ways to play this today this pops at open on SHORT covering towards $5.75-$6.25 then watch for topping on it then lower lows to set in then shred all day fader, or this pulls hard at open to $4.75 level or lower and we look for bottom curl and go LONG on it for an all day slow move to $5.50-$6 on it. Wait for it to show you

2) $ZN Energy Stocks up as well as Oil/gas (4.05)
Stock gapping up +.30 I would actually take a starter here at $4.30 room to add to $4 at the open think this might get a nice pop at open towards $5 then small pullback bottom curl and maybe we get this in play today and run it to $6 I like it to be in play today.

3) $NTP MK Koo to sell 6.5mil shares to Kaisa Group at $17 a share (8.20)
Stock gapping up +$2.70 Up on thin volume Traders I think we see a small pop at open possibly thru $12+ then look for a nice topping on it then look to short it back to $9 and under, this will be interesting how it opens but if those lower lows set in quick after any initial pop then look to gap fill it

4) $COHU Earnings Beat (16.71)
Stock gapping up +1.50 I like to see this pop a little at open then look to scale in SHORT and gap fill this back to $17-$17.25 and under then go LONG on it, if this pulls at open to same area look to gap fill it quick then go long for 1-1.5 pts to the upside

5) $NRG up on Call for tomorrow to provide how they are going to transform company (16.30)
Stock gapping up +$3 I would strongly watch this as a SHORT if this pops thru $20-$21 I would be eyeing to short this back to $17.50 so let see how high it pops if it does before shorting it watch the lower lows and topping on it. I think this is being chase and some confusion out their based on tomorrows call but with energy up this is up quite a bit already.

6) $CARA announce Phase 1 positive results (14.48)
Stock gapping up +$2 I would actually consider taking a few short here at $14.30 area room to add at open to $15 look to short this phase 1 typically phase 1 doesn’t hold up and also I think we will see a lot of profit taking from bag holders who woke up $2 richer today so watch for this to gap fill some. Higher it pops at open on short squeeze better the fade for us
7) $FAST Earnings Beat and Buyback (43.59)
Stock gapping up +$3 I would consider shorting the $47 area and add on any pop at open think we sell off slowly into the call in an hour once call is on look for this to pop during the call then call is done short a few more. Higher it pops at open better the short once those lower lows set in watch it fade right into the CCall then we can look at it long

8) $PYPL another day another great pop with News with Apple (54.76)
Stock gapping up +2.00 would actually look to take a few SHORT here at $56.55 area room to add to $57.50 at open if it comes then look to gap fill this back to $55.25 and under on profit taking, higher this pops better the short and gap fill so keep an eye on it. Should be fun if this dumps at open then look to cover it and go long on bottom curl

9) $QSR Earnings Miss (62.09)
Stock gapping down -$1.50 I like this to have a small pop at open towards $61.40+ area then look to short it for an all day fader, if this pull at open to $59.50 or under look to go LONG and play a nice 1-1.5pt bounce before considering shorting it back down

10) $NVDA More upgrades this morning now from SunTrust (155.68)
Stock Gaping up +$2.10 Look for small pop at open to $158.50 area watch for topping then short it and gap fill it back to $155 area then look to go long for slow all day move towards $159-$160 Higher it goes better then gap fill on it.
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Notable Calls:

$HK Watch for this to continue to slide and give back on it (6.75) down -.30 I would short the $7.70 area and any pop at open think we finally get the sell off below $5 on it. So keep an eye on Lower lows if they set it.

 

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