Stock Trading Plan for Monday Feb 27, 2017 in Compound Trading Chat room. $LJPC $PIRS $ONCS $SGMO $GOGO – $UWT, $ONTX, $VRX, $DUST, $ASM, $SSH, $LGCY, $TRCH, $ESEA – 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 at Compound Trading!
Notes in red text below are new comments entered specifically today.
Notices:
Current Holds / Trading Plan:
All small to mid size holds in this order according to sizing – $UWT, $NE, $BSTG, $ONTX, $VRX, $DUST, $ASM, $SSH, $LGCY, $TRCH, $ESEA.
Per recent’ $DUST I will close for a loss if Gold holds 1260 – sucks, but it was a relatively small position (to portfolio size) but I didn’t follow the golden rule… when a trade goes against your plan cut fast and I didn’t so I will likely pay the price. And I guess what has become the second golden rule… listen to the algos… they haven’t been wrong yet – so yes, I didn’t listen to my own invention ROSIE the Gold Algo (give Rosie a little plug there she deserves it lol). Embarrassing, especially because ROSIE nailed the bottom many weeks in advance of the bottom – all I had to do was listen and boom new house. Sad.
As per previous $CBMX I am now out for huge gains and $JUNO on a nice swing.
As noted before I may exit $VRX and $UWT.
Market Outlook / Trading Plan:
Same.
Watching $FIT as a value swing trade.
$FIT Swing Trade Target 6.99
Watching Natural Gas.
$NG_F $NATGAS $UGAZ $DGAZ $UNG range to watch. https://t.co/xDTcrUqyiG
— Curtis Melonopoly (@curtmelonopoly) February 27, 2017
Morning Momo / News and Social Bits From Around the Internet:
Momo Watch: $LJPC $PIRS $ONCS $SGMO $GOGO
8:30am
Durable Goods Orders
10:00am
Pending Home Sales Index
10:30am
Dallas Fed Mfg Survey
11:00am
Robert Kaplan Speaks
$ONCS Granted FDA Fast Track Designation for ImmunoPulse IL-12 to Treat Metastatic Melanoma.
BioCryst reverses premarket, down 24% http://dlvr.it/NV6wft #BCRX
Sangamo nabs rare pediatric disease tag for SB-318 for MPS I; shares ahead 7% premarket http://seekingalpha.com/news/3246687-sangamo-nabs-rare-pediatric-disease-tag-sbminus-318-mps-shares-ahead-7-percent-premarket?source=twitter_sa_factset … #premarket $SGMO
Tesla shares stumble premarket as Goldman downgrades to sell http://www.marketwatch.com/News/Story/Story.aspx?guid=54B1B00E-7E72-4D08-B5E8-9439B82F853D&siteid=yhoof2 …
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
The algorithm Twitter feeds can be found here:$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: $LJPC 51%, $PIRS 19%, $ONCS 18%, $DGAZ 13%, $KTOV $GOGO $CRBP $SHIP $EARS $PTEN $FEYE $UWT $VSTO $DUST $RIG $INVH
I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List: 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: $INVH $TEX $AFL $FTI $AHT $RYAM $PRAH $TS $RY $ILMN $WGP $UL $CLW $CCL as time allows I will update before market open or refer to chat room notices.
(6) Downgrades:$TSRO $HBI $MAIN $NVMI $PBF $DGI $TPH $TSLA $SUI $HMSY $JCP $PEG $GRAM $SUN $CNK $WES $ADC $VC $ARES $UAA $URBN $LITE $TDS $USM 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: $LJPC $PIRS $ONCS $SGMO $GOGO – $UWT, $NE, $ONTX, $VRX, $SSH, $ASM, $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