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Pre Market Game Plan by AJ – 8/1/17

 

1) $LL Earnings Beat (24.71) Nailed this one yesterday before the close at $24.70 that they would beat and see $30 today
Stock gapping up +$6 I would actually begin leaning into this short here at $30.50 with room to $31.50-$32 at the open I think this will pop then profit taking will kick in and we will gap fill this move to $27.50 and under then look for the bottom curl and leg up. Lets see how it will react at open. We already nailed the overnight for +$6 lets see how it sets for more of a run today

2) $GEMP Jefferies raises the target from $17 to $32 I like the call (21.07)
Stock gapping up NONE I like to see quick pop at open possibly to $22+ area then look for a decent pullback to $21.40 and under then scale in a few LONG If by chance you can get any in the $21 area that would be good with todays market being up this has a potential move to the $23-$24+ area today once volume kicks in

3) $SLCA Earnings Miss (29.13)
Stock gapping down -$2 I would buy on this weakness for a quick pop at open if it comes. I like to see this get back to $28.50-$28.75 then look for this to fade off all day for an all day fade, if this pulls hard at open to $26-$27 watch for bottom curl then look to go long on it. Should be fun with range on it.

4) $BP Earnings Beat (35.14)
Stock gapping up +$1.35 $BP tends to sell off their gap ups so watch for any pop at open towards $37+ area then look to lean into it short for a gap fill to $35.50 or lower if this begins to pull at open it should just pullback to $35.50 then look for bottom curl then go long on it.

5) $MZOR Earnings Beat (39.98)
Stock gapping up +$2 I like to see this pop at open to $42.50-$43 if it comes then look for a nice gap fill short on profit taking to $40.50 area or under then look to go LONG on it, if this pulls at open to same area then look to cover if you shorted and go LONG for an all day slow move back to highs. MZOR typically pops and pulls on earnings so watch for the fade on it

6) $SHOP Earnings Beat (92.37)
Stock gapping up +$10 pts I like to see this pop at open a little more on short squeeze to $106+ if it comes scale in SHORT and look for a nice 3-5pt pull back then look to go LONG on it again, shorts are going to get squeezed a few more but look for that sell off on profit taking this has had a HUGE run into earnings (if you can stomach a few now here at $104.75 area SHORT w/room to add) could be nice

7) $CGNX Earnings Beat (95.06)
Stock gapping up +$10 pts I would actually scale in a few SHORT here at $105 area with room to add at the open this is trading thin which tells me this could pop and end up giving back its gap up on profit taking to $97-$98 area or lower, if this pulls hard at open cover and look for that bottom curl on it to go LONG back to highs

8) $CMI Earnings Miss (167.90)
Stock gapping down -$7.50 I like to see small pop at open on short covering then look for topping around $162-$163 and look to short this all day on a fade, cc in 1 hr so could just pop and sell off into it. If this pulls hard at open to $155 or lower then look for this to bounce 3-5 pts quick before fading again
9) $IPGP Earnings Beat (152.64)
Stock gapping up +$8 think this pops more at open to $162-$165 area if it comes on short squeeze then look to lean into it short and gap fill it back to $155 and under on profit taking then look to scale in LONG for an all day slow move to the upside. If this pulls hard at open cover your short and look for this to make a solid move back to highs watch that bottom curl Earnings were a blow out

10) $RDFN WOW!!! Continuation (24.13)
Stock Gaping up +$2.30 I like to see small pop then look for this to sell off back to $24 and under watch for bottom curl then look to go long of another slow move to the upside. Think this gets in play again so keep an eye as it heads towards $27-$28 possibly today

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Notable Calls:

$HTZ this touched $13 today so this is telling me we may have another pull down to $12.50 area so watch for any pop at open possibly thru $14+ then look to scale in SHORT and watch for lower lows and possible another day to sell off towards $12 area

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