RINSE AND REPEAT VWAP PLAY

Today's three trades: $KZR, $ LVS, $TCOM were all gapping up at the open. 

Today's scanner had the following stocks: I was watching these stocks at the open since they had gapped up significantly at the pre-market and can be a potential runner. $KZR and $TCOM with a fresh catalyst and $LVS with no news but had been moving actively (technical setup along with the SPY).

The catalyst of these stocks are the following:

$KZR Kezar Life Sciences Stock Surges 105% On Positive Data Drug Trial Results Kezar Life Sciences Stock Surges 105% On Positive Data Drug Trial Results (RTTNews) - a clinical-stage biotechnology company discovering and developing breakthrough treatments for immune-mediated and oncologic disorders, today reported positive topline results from the MISSION Phase 2 clinical trial evaluating zetomipzomib, a novel, first-in-class selective immunoproteasome inhibitor, in patients with active lupus nephritis. KZR Chief Medical Officer Noreen R. Henig, commented: "The MISSION Phase 2 topline results show a clinically meaningful overall renal response to zetomipzomib after 6 months, without high-dose induction therapy. Patients in the trial also experienced reductions in extra-renal manifestations of lupus. Zetomipzomib appears to be immunomodulatory, well-tolerated and steroid-sparing – all important attributes for patients with autoimmune disease who are often young and active." KZR CEO John Fowler added: “We are committed to exploring zetomipzomib’s potential in inflammatory diseases with high unmet need. Our strengthened balance sheet is key in supporting both of our programs, including our Phase 1 trial of KZR-261 in solid tumors."

$LVS Las Vegas Sands Corp. (LVS) shares are up more than 7 percent on Tuesday morning trade, continuing an uptrend over the last several days. There were no corporate announcements on the day to influence the stock movement.
$TCOM Trip.com Gains 14% As Travel Industry Recovers

Shares of Trip.com Group Limited (TCOM) are gaining nearly 14% on Tuesday morning after the company reported its first quarter results, as the travel company witnessed strong recovery in travel and tourism, especially across Europe and the Asia Pacific as travel restrictions were eased.

Three stocks were very bullish at premarket but price action at the open, chart, level 2, tape including the indicators all lead to one thesis. These stocks are heading lower. SPY did a pull back as well for the day and end the day with negative 1.9%, pulling the rest of the stocks with it. A perfect storm for stocks that had gapped up quite a bit in pre-market to reverse. 

Tip: Trade along with the SPY or the overall health of the market and your probability of catching the move is higher than not paying attention to the overall health of the market. 

As day traders, we are manager of risk and once a perfect setup is given then we take what the market is giving. Trading does not have to be complicated. Rinse and repeat your favorite strategy to consistently beat the market. 

Sign up in our email list to learn how to consistently beat the market.