Morning Notes July 23, 2020
Fire Trading

Morning Notes July 23, 2020

MIST Milestone Pharmaceuticals announces $25M private placement

• Stock gapping up +3.50 I think we can run this one today. If this starts to push at open grab it LONG for a quick pop to $8+ than top it off and let it pull back before grabbing it LONG for next leg higher with room to $10. If we get a bit of a low volume pull back at open back down to $5 start watching for the curl and grab it LONG and see if volume and momentum start coming into the name and run it (BULLISH)

TWTR Earnings Miss

• Stock gapping up +1.50 TWTR is sort of neutral here, if we pull watch to buy the dip but if we pop watch for the short. Watch for a pull at open to $38.25 and under than start watching for bottoming and grab it LONG for a nice bounce and push higher. If this pops at open to $41 watch for topping and SHORT it for a nice all day fade back down to $38 and under (BULLISH & BEARISH)

AN Earnings Beat

• Stock gapping up +3.70 this should be a fun short. Watch for a pop at open to $56 watch for topping and SHORT it for a nice all day fade back down to $51 and under. If this does start to pull at open grab it SHORT and slam it down to $50 and under and be done with it (BEARISH)

WHR Earnings Beat

• Stock gapping up +8 I think this should get bought up today and make a nice upside move. Watch for a quick yank at open to $150 watch for bottoming and grab it LONG for a nice all day move to the upside. If this starts to get bought up at open grab it LONG for a quick pop to $162 than top it off and let it pull back and consolidate before grabbing it LONG for next leg higher (BULLISH)

BNTX BioNTech 5.5M share Secondary priced at $93.00

• Stock gapping down -6 this should be fun today! Anything under $96 is nothing but a buying opportunity. If this yanks at open to $96 and under start scaling in LONG and with room to add to $93 build up a nice positions and enjoy the ride, should be a nice multiday runner. If this starts to get bought up at open grab it LONG and add on dips (BULLISH)

MSFT Earnings beat

• Stock gapping down -3.75 this should get bought up, but I think we need a little blow off at the open first. Watch for a pull at open to $205 and under than start watching for bottoming and grab it LONG for a nice short covering bounce and all day move to the upside. If this does start to pop at open grab it LONG for a quick pop back to $212 than top it off and let it pull back and consolidate before grabbing it LONG for next leg higher (BULLISH)

TSLA Earnings Beat

• Stock gapping up +72.50 I would love to see a bit of a sell off at open on this stock to. Watch for a pull at open to $1600 and under than start watching for bottoming and grab it LONG for a nice bounce and all day push to the upside. If this does pop at open to $1725 watch for topping and let it pull back and consolidate for a bit than grab it for the next leg higher with room to $1800+ (BULLISH)

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