Compound Trading Chat Room Stock Trading Plan and Watch list for Monday June 26, 2017; $CBIO, $IDXG, $NFLX, $WTI, $USOIL – $SRNE, $WMT, $UUP, $SSH, $LGCY, $TRCH, $ESEA, $LIGA – Gold $GLD, Gold Miners $GDX, Silver $SLV, Oil $USOIL $WTI, 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:
Service Update: My travel, oil trading room, winning, new member experience and more.
Today’s Live Trading Room Link:
http://compoundtrading1.clickmeeting.com/livetrading
Live Alerts for Oil, Swing Trading and Day Trading are now available only on either email and/or by following alert Twitter feed. If you did not get an email send an email to [email protected] and ask Sartaj to get you info. Most of those I spoke to are opting for email only, but the Twitter alert system is available for those that want it.
Post Market Reports:
Will start again this evening.
Most recent lead trader blog posts:
NEW: How I Develop a Trading Plan Watch List (Swing Trading and Day Trading). Part 7 a) “Freedom Traders” Series.
NEW: How I Develop a Trading Plan Watch List (Swing Trading and Day Trading). Part 7 a) “Freedom Traders” Series. https://t.co/fp22VMVZRS
— Curtis Melonopoly (@curtmelonopoly) June 26, 2017
The Quarterly Swing Trading Performance Review P/L. The Algorithms Quarterly Performance Reports will be out soon.
Trading Plan (Buy, Hold, Sell) and Watch Lists:
Morning momentum stocks on watch so far:
Bias toward / on watch:
Markets: $SPY $ES_F $SPX I continue to be cautiously optimistic, $GLD, $GDX, $SLV under pressure. $USOIL, $WTI traded long overnight for a win and oil came off early morning so we will see. $DXY no major news and $VIX has no significant news and still dying. I am long a small test size in US Dollar related $UUP.
OTC on watch:
Gapping Premarket: $STOR $VRX $COOL $PTLA $MU $MOMO $AVEO
Recent Momentum Stocks to Watch:
Stocks with News: $CBIO, $IDXG, $VOXX, $NEOT. $CNAT is running company PR.
Recent SEC Filings to Watch: $PSTG Jun 22, CFO Sells 8255 Shrs; Net: -108.43k; Acq’d: 0; Disp’d: 8255 13.14/s https://is.gd/cQHEjO
Earnings On Deck:
Mon – $NG
Tue – $DRI $KBH $MRKT
Wed – $PIER $MON $PAYX
Thu – $RAD $MU $NKE $WBA $CAG $STZ
Holds: $WMT, $SRNE, $UUP test starter swing. All holds are small size (less than 5% of day trading account on total) holds in this order according to sizing: $ONTX, $SSH, $LGCY, $TRCH, $ESEA, $LIGA (not including my swing trading or algorithm charting trades).
Recent Chart Set-ups on Watch: $NFLX is on my radar and $VRX. We are working on these (if listed) and others in Mid Day Review in trading room. If you can’t be in there you can catch the review on the raw video feed we post to You Tube of each trading day.
Market Outlook:
End of quarter so I am expecting some window dressing this week. Looks like a hot open on deck.
Key Events In The Coming Busy Week: Yellen, Inflation, Durables And GDP https://t.co/EB2nP1jKLb
— zerohedge (@zerohedge) June 26, 2017
Market News and Social Bits From Around the Internet:
8:30am
-Durable Goods
-Chicago Fed National Activity Index
10:30am
Dallas Fed Manufacturing Survey
$IDXG Interpace Diagnostics Announces Coverage of Thyroid Test By Premera Blue Cross (Dow Jones 06/26 08:15:01)
PANETTA: FUTURE BAIL-INS POSSIBLE, NOW “IN TRANSITION PERIOD” – BBG
VOXX sells its Hirschmann car communication business to TE Connectivity https://seekingalpha.com/news/3275452-voxx-sells-hirschmann-car-communication-business-te-connectivity?source=feed_f … #premarket $VOXX $TEL
Neothetics stock halted on news of negative results for fat-reduction drug http://on.mktw.net/2tc7SoN
$ALGN price target raised to $194 from $149 at Leerink – keeps Outperform rating
Goldman Sachs downgrades Stratasys, lowers EPS estimates https://seekingalpha.com/news/3275453-goldman-sachs-downgrades-stratasys-lowers-eps-estimates?source=feed_f … #premarket $SSYS
If you are new to our trading service you should review recent blog posts, the Compound Trading 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).
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 Intra-day Trading 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 : $SRNE 13%, $DCTH 12%, $STOR $SDRL $BLPH $COOL $AVEO $SOL $JDST $DUST $UGAZ $CNAT $DGLD $PTLA $P $MU $FIT $VRX $DB I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List : $UVXY $NUGT $GLD $DGAZ $DWT $AAOI $MTNB $ARNC $BBRY $LABD $GRUB 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) Recent Upgrades: $UBS $DUK $PPL $VC $BERY $COST $PLCE as time allows I will update before market open or refer to chat room notices.
(6) Recent Downgrades: $SYSS $AEP $AEE $WEC $GRUB $HIIQ $REGN $AGIO $RMP $RICE as time allows I will update before market open or refer to chat room notices.
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
Study:
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
http://finviz.com/
https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6
http://www.highshortinterest.com/
http://www.gurufocus.com/short-stocks.php
http://www.3xetf.com/all/
http://www.etf.com/channels/gold-etfs
GL!
Curtis
Algorithm Twitter feeds can be found here:$WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index). Our Swing Trading Twitter feed is found here: https://twitter.com/swingtrading_ct. Our lead trader Twitter feed is here @curtmelonopoly and lead tech developer @hundalSHS.
Article Topics: $CBIO, $IDXG, $NFLX, $WTI, $USOIL – $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