$VIX, Premarket, Trading, Plan

PreMarket Trading Plan Thurs Apr 20 $IMNP, $ALDX, $VIX, $ROL, $XRT, $VFC, $CALA, $CELG, $GOOGL, $AMZN

Curt MelonopolyTrading Plan, , , , , , , , , , , , , , , ,

Compound Trading Chat Room Stock Trading Plan for Thursday April 20, 2017; $IMNP, $ALDX, $VIX, $ROL, $XRT, $VFC, $CALA, $CELG, $GOOGL, $AMZN  — $ONTX, $SSH, $LGCY, $TRCH, $ESEA, $MGTI – 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:

Today’s Live Trading Room Link: https://compoundtrading.clickmeeting.com/livetrading 

Most recent lead trader blog posts:

Trading Checklist (Rules) I Follow Before Triggering. Part 2 of “Freedom Traders” Series.

https://twitter.com/CompoundTrading/status/853217228237422592

Now I’m Inspired! My Guarantee to Struggling Traders (and Yours). Part 3 “Freedom Traders” Series.

https://twitter.com/CompoundTrading/status/853764002584944640

The Quarterly Daytrading Performance Review P/L with Charting:

https://twitter.com/CompoundTrading/status/846494014635429888

The Quarterly Swing Trading Performance Review P/L. The Algorithms Quarterly Performance Reports are being compiled as I write and will be posted soon.

https://twitter.com/CompoundTrading/status/841078264537993218

Most recent Keep it Simple Swing trade Charting (MACD, MA, Stoch RSI, SQZMOM focus):

https://twitter.com/CompoundTrading/status/853551912599400448

Most recent Premarket Chart Set-Up Video (most recent available to public – there may be other exclusive’s in member newsletters):

https://twitter.com/CompoundTrading/status/854695312367243264

Most recent Market Open Momentum Stock Trades Video (most recent available to public – there may be others in member’s newsletters):

https://twitter.com/CompoundTrading/status/854703199017725952

Most recent Mid Day Chart Set-Up Review Video (most recent available to public – there may be others in member’s newsletters):

https://twitter.com/CompoundTrading/status/854761895269740544

Current Holds / Trading Plan:

Morning momentum stocks on watch so far: $ALDX, $IMNP,

$SPY (at key support), $GLD, $GDX (Gold above 200 MA at test Fib resistance and Miner’s testing 200 MA resistance), $USOIL, $WTIC tanked like EPIC said it would so we’ll see what range it gets next here.

OTC on watch: $UPZS, $OPMZ $LIGA $MMEX $AMLH $ACOL $BVTK $USRM

Gap ups: $CTRV $GRPN $DB $AUPH $QCOM $BX $ASML $CSX $SCSS $AXP $UWT $SPY $XIV $NVDA $AAPL $FB $AKS $X CUK $NADL $SRNE $IMNP $NXTD $ALDX

News on these plays: $ALDX, $KCG, $IMNP

Chart Set-Ups on Watch: $VIX, $ROL, $XRT, $VFC, $CALA, $CELG, $GOOGL, $AMZN, $JUNO, $OAK, $BOFI

Previous Day Momentum Stocks to watch: $SNGX

Most holds are small to mid size holds in this order according to sizing: $ONTX, $SSH, $LGCY, $TRCH, $ESEA, $MGTI, $LIGA

I liquidated some positions on the bag list that will be explained in Wednesday post market trading results report that will come out Thursday night. We’re a day late on it.

$VIX is looking interesting

$VIX
$VIX Watch that trendline resistance

Market Outlook :

Per recent reports:

There are significant resistance clusters above recent highs in oil and the S&P so I will be very cautious to upside going forward until recent highs are taken out and confirmed. I see significant upside challenges in Oil and SPY with most recent highs being taken out.

News and Social Bits From Around the Internet:

8am
Jerome Powell Speaks

8:30am
-Jobless Claims
-Philly Fed Business Outlook Survey

10am
Leading Indicators

10:30am
NatGas Report

Futures point to higher open on Wall Street as Dow hopes to end losing streak #BeforeOpeningBell #PreMarket

$ALDX Receives Orphan Drug Designation from the U.S. Food and Drug Administration for ADX-102 in Sjögren-Larsson Syndrome[+]

KCG Holdings’ stock soars 10% premarket after Virtu buyout deal

$IMNP – Immune Pharma Reports Signing of Letter of Intent with Pint Pharma for License, Commercialization of Ceplene in Latin America

$NXTD initiated with a BUY and a $4.25 PT at Maxim

MarketWatch: Verizon’s shares fall 2% premarket after earnings miss http://on.mktw.net/2oNZRDi

EBay’s stock falls 2.1% premarket after Q1 results late Wednesday http://ift.tt/1io43Bm

WestJet to launch ultra-low-cost carrier https://seekingalpha.com/news/3258222-westjet-launch-ultra-low-cost-carrier?source=twitter_sa_factset … #premarket $WJAFF $WJAVF

Blackstone’s stock surges 2.8% premarket after Q1 results

Verizon’s shares fall 2% premarket after earnings miss

Groupon rallies after Piper Jaffray confidence https://seekingalpha.com/news/3258232-groupon-rallies-piper-jaffray-confidence?source=feed_f … #premarket $GRPN

D.R. Horton up 0.9% after earnings beat, raised guidance https://seekingalpha.com/news/3258237-d-r-horton-0_9-percent-earnings-beat-raised-guidance?source=twitter_sa_factset … #premarket $DHI

Western Digital eyes Toshiba chip unit https://seekingalpha.com/news/3258228-western-digital-eyes-toshiba-chip-unit?source=feed_f … #premarket $WDC $TOSYY $TOSBF

Home BancShares EPS in-line, beats on revenue https://seekingalpha.com/news/3258238-home-bancshares-eps-line-beats-revenue?source=twitter_sa_factset … #premarket $HOMB

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 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.

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 : $IMNP, $ALDX, $CTRV, $KCG, $NADL $GRPN $CZR $CSX $BX $AUPH $DB $CLF $SAN $UGAZ $FCAU $QCOM $BBVA $NOK $SVXY $ASML $STM I will update before market open or refer to chat room notices.

(2) Pre-market Decliners Watch-List: $EBAY $SNGX $WSR $CBLI $JNUG $DGAZ $DWT $VZ $UVXY $PLUG $TRV $SBGL $WSR $ECC $WR 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: $IMNP, $ALDX, $VIX, $ROL, $XRT, $VFC, $CALA, $CELG, $GOOGL, $AMZN – $LIGA, $MGTI, $ONTX, $SSH, $LGCY, $TRCH, $ESEA – $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

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