Stock Trading Plan for Friday Feb 10, 2017 in Trading Chat room. $SHLD, $INFN, $BIOC – $JDST, $VRX, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $CBMX, $JUNO – Gold $GLD, Gold Miners $GDX, Silver $SLV, Oil $USOIL $WTI, Natural Gas, US Dollar Index $USD/JPY $DXY, S&P 500 $SPY, Volatility $VIX… more.
Welcome to the morning Wall Street trading day session!
Notices:
Details You May Want to Review in Post Market Trading Report:
Public Webinar Schedule:
Webinars are scheduled for this Saturday afternoon. For general public interested in understanding our services and algorithmic chart modeling. Also for existing members that wish to ask more detailed questions about the charting and trading our algorithmic charts.
Date: Saturday Feb 11, 2107
Location: Visit our website www.compoundtrading.com and click link to enter trading room and sign in as guest.
2:00 Epic the Oil Algorithm
2:30 Rosie the Gold Algorithm
3:00 SuperNova Silver Algorithm
3:30 US Dollar $DXY Algorithm
4:00 S&P and VIX (in development) models.
4:30 Swing Trading – What our service includes and success to date.
5:00 Trading Room – Introduction to our Trading Room
Do Not Miss This Update!
It’s a good idea to refresh your chart outlook and keep it simple sometimes!
Simple Charts Market Update Feb 8: US Dollar $DXY, S&P 500 $SPY, $VIX, OIL $WTI $USOIL, GOLD $GLD $GDX, SILVER $SLV https://t.co/tgB1luqMzZ
— Curtis Melonopoly (@curtmelonopoly) February 8, 2017
Current Holds / Trading Plan:
$JDST, $VRX, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $CBMX, $JUNO (all very small), $DUST (looking for a way out on $DUST – was expecting one final significant spike in USDJPY before drop). $CBMX and $JUNO are holds till spring if necessary (you would have to do your own DD on the companies and make your own determination).
Oil, Gold and the VIX are high on my watch list.
General Market Outlook:
US Dollar Index $DXY got a kick up as expected but Trump and Abe have an announcement today at 1:00. The Gold trade is holding up well considering IMO. Oil chart has repaired itself magically and it is near important resistance – with OPEC meetings I would use caution. $SPY got a kick up as expected and targets are being hit there now by our $SPY algorithm chart modeling. $VIX is dead as expected but I am watching. And Silver I see similar to Gold but a tad stronger mid term.
Morning Momo / News and Social Bits:
Momo Watch: $SHLD, $INFN, $BIOC – Gold, the US Dollar and Oil related on high watch!
Big Week. #Earnings $NVDA $TWTR $GILD $DIS $TWLO $GM $ATVI $CLF $BP $CVS $ONVO $TSN $NWL $SKX $HAS $KO $WLTW $AGN $SYY $AXTA
Big Week. #Earnings $NVDA $TWTR $GILD $DIS $TWLO $GM $ATVI $CLF $BP $CVS $ONVO $TSN $NWL $SKX $HAS $KO $WLTW $AGN $SYY $AXTA https://t.co/J6WHPyXArd
— Curtis Melonopoly (@curtmelonopoly) February 4, 2017
8:30
Import/ Export Prices
10am
Consumer Sentiment
1pm
BH Rig Count
$FLR +3.3% premarket after issuing upbeat Q4 earnings guidance
Freeport +4% as Indonesia reportedly issues new mining permit $FCX.
Jefferies pulls Underperform rating on Ford http://seekingalpha.com/news/3242501-jefferies-pulls-underperform-rating-ford?source=feed_f … #premarket $F
Jack in the Box shares up 1.8% in Friday premarket trading
Evergreen? Sears shares soar premarket amid restructuring aimed to save $1 bln.
CNNMoney: Premarket:
– Trump speaks with Asia
– Stocks at record highs
– Oil prices pop http://cnnmon.ie/2kaxIWI
$ICPT down 12% premarket as investors await imminent trial update on NASH
$ATVI +10.62% An awesome move premarket after their ER however keep in mind much resistance at its all time high of $45.55.
#Twitter downgraded from hold to sell at Loop Capital.
Price target cut from $16 to $10.
$TWTR -2.13% at 16.06 premarket
$SHLD going insane on upside in premarket.
Fluor guides Q4 earnings above consensus, shares +3.3% premarket
OPEC Oil Supply Fell in January Led by Saudi, Iraq, U.A.E.: IEA
Oil Jumps as IEA Sees Record OPEC Cuts Compliance, Rising Demand
#opec beats #oil output cut expectations
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
The algorithm Twitter feeds can be found here:$WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index). . Our lead trader Twitter feed is here @curtmelonopoly, lead developer @hundalSHS, and newest trader @quadzilla_jr.
Momentum Stocks (Market Open and Intra-Day):
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
(1) Pre-Market Gainers Watch-List: Gainers: $SHLD 40%, $INFN 14%, $BIOC 14% $ATVI $BIOL $SKX $SWIR $IMMU $ICPT $DGAZ $WRN $OCUL $SDRL $PLX $MJN $FCX $MT $NVDA
I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List: $SHLD $CTRL $INFN $SWIR and $ATVI I will update before market open or refer to chat room notices.
(3) Other Watch-List:
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)
(5) Upgrades: as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: as time allows I will update before market open or refer to chat room notices.
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
Study:
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
http://finviz.com/
https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6
http://www.highshortinterest.com/
http://www.gurufocus.com/short-stocks.php
http://www.3xetf.com/all/
http://www.etf.com/channels/gold-etfs
GL!
Curtis
Article Topics: $SHLD, $INFN, $BIOC – $VRX, $SSH, $ASM, $CBMX, $JUNO, $DUST, $TRCH, $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $GLD, $GOLD, $SILVER, $USD/JPY, $USOIL, $WTI, $VIX, $SPY, $NATGASUSD, $NG_F, $SLV, $GLD, $DXY, $XAUUSD, $GC_F