Morning Notes August 3, 2020
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Morning Notes August 3, 2020

IMUX top-line data from Phase 2 EMPhASIS trial

• Stock gapping up +6.70 this should just pop and fade off. Watch for a pop at open to $28 watch for topping and SHORT it for a nice fade back down to $22 and under. If this does start to pull at open grab it SHORT and slam it back down to $20 and under and be done with it (BEARISH)

NIO NIO Inc. reports 3,533 vehicles in July

• Stock gapping up +0.50 pretty damn good numbers, this should get bought up today. Watch for a slight pull at open back down to $12.25 and under than we can start watching for bottoming and grab it LONG for a nice bounce and multiday runner to the upside. If this does pop at open to $12.80 watch for topping and let it pull back and consolidate for a bit before we grab it LONG for next leg higher with room to $13.50+ on it today (BULLISH)

ADT Google to invest $450M to acquire 6.6% ownership

• Stock gapping up +5.75 very good news for ADT we could see this one really take off. I would love to see a bit of a low volume pull back at open back down to $13 and under than start watching for the curl and grab it LONG for a nice bounce and all day push to the upside. If this does pop at open and reclaim $17 grab it LONG for a quick pop back to $20 than let it pull back and consolidate before grabbing it LONG for next leg higher. (BULLISH)

CODX Co-Diagnostics to be used in FDA-authorized self-collected COVID-19 saliva test

• Stock gapping up +3.75 I think this should get bought up, but first id like to see a pull back at open before we can grab it long. I would love to see a bit of a pull back at open back down to $25 and under than start watching for bottoming and grab it LONG for a nice bounce and all day push higher. If this holds $27 at open grab it LONG for a quick pop to $29.50 than top it off and let it pull back and consolidate before grabbing it LONG for next leg higher (BULLISH)

MRNA Moderna’s Phase 3 data on COVID vaccine could come by October

• Stock gapping up +1.30 apparently Jefferies is the news spokesman for Moderna, this should gap fill. Watch for a quick pop at open to $76 watch for topping and SHORT it for a fade back down to $74 and under than watch for bottoming and grab it LONG. If this start showing any weakness at open grab it SHORT and slam it back down to $74 and under and be done with it (BEARISH)

MRK Upgraded to Buy from Neutral at Goldman Sachs $105 pt

• Stock gapping up +1.20 Beautiful upgrade after earnings last week, you know my rule with upgrades, let it pull back before we grab it long. Watch for a slight pull at open back down to $81 and under than start watching for bottoming and grab it LONG for a nice all day move to the upside with room to $83+ but if this starts to get bought up at open grab it LONG for a quick pop to $83 than top it off and SHORT it back down to $82 and under than watch for the curl and grab it LOGN for next leg higher (BULLISH)

MSFT Microsoft confirms talks to acquire TikTok in U.S.

• Stock gapping up +6.50 ok so the deal wont go through until September if they even do it? Short it. I don’t think this news will hold it up, watch for a quick pop at open to $214 watch for topping and HSORT it back down to $208 and under than start watching for bottoming and grab it LONG. If this pulls at open to $208 and under than start watching for bottoming and grab it LONG for a nice all day move to the upside. (BULLISH & BEARISH)

CLX Earnings Beat

• Stock gapping down -6.50 I guess people weren’t buying as many Clorox products as everyone thought. This should get sold off more today, Watch for a quick short covering bounce at open to $235 than watch for topping and SHORT it for a nice fade back down to $225 and under than watch for bottoming and grab it LONG. If this does pull at open to $225 and under start watching for bottoming and grab it LONG for a short covering bounce back to $230+ than top it off and be done with it, it will get choppy after that (BEARISH)

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