Compound Trading Chat Room Stock Trading Plan and Watch list for Thursday June 1, 2017; $SPI, $MNKD, $EBIO, $WYNN, $FAS, $XLF, $GOOGL, $AMZN – $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:
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 for last the last week will be posted on the weekend, we have been unusually busy with algorithms and preparing for 24 hour oil room this week.
Most recent lead trader blog posts:
Trading Set-ups. Video Explains Predictable Winning Process. Part 6 b) “Freedom Traders” Series.
Trading Set-ups. Video Explains Predictable Winning Process. Part 6 b) “Freedom Traders” Series. https://t.co/7XFIQ68CoY
— Curtis Melonopoly (@curtmelonopoly) May 29, 2017
The Quarterly Swing Trading Performance Review P/L. The Algorithms Quarterly Performance Reports will be out soon.
Trading Plan (Buy, Hold, Sell) and Watchlists:
Morning momentum stocks on watch so far: $SPI, $MNKD, $EBIO
Bias toward / on watch: It is the first day of the month and I would expect some momo. Watching to possibly close some longer term swings I have done well with such as $GOOGL, $AMZN and others. Gold did not get lift yesterday so continue to watch the metals here. $WYNN on watch with Macau earnings up. Employment beat so $XLF and $FAS on watch.
Markets: $SPY $ES_F $SPX I continue to be cautiously optimistic, $GLD, $GDX, $SLV continue in indecision. $USOIL, $WTI tanked again overnight. $DXY and $VIX no significant news.
OTC on watch: Randoms I am still watching.. $PGPM, $BRNE, $ELED, $PVCT, $LIGA (I hold),$AMLH, $BLDV $UPZS $OPMZ $MMEX $ACOL $BVTK $USRM $ORRV $JAMN $PFSD
Gaps to Watch:
Recent Momentum Stocks to Watch:
Stocks with News:
Recent SEC Filings to Watch: $LACDF Lithium Americas Corp Director Acquires C$266,750.00 in Stock
Short Term Trader’s Edge:
Some Earnings Today: $AVGO $COO $FIVE $GWRE $LULU $RH $VMW $WDAY $ZUMZ
Holds: All holds are small size (less than 5% of day trading account) holds in this order according to sizing: $ONTX, $SSH, $LGCY, $TRCH, $ESEA, $LIGA, $PVCT
Various Recent Chart Set-ups on Watch: $JKS, $CALA, $LITE, $JUNO, $PCRX, $CTSH, $FEYE, $TSLA, $NVO, $FSLR, $AAOI, $HIIQ, $JASO, $VIPS – We are working on these 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 Youtube of each trading day.
Midday Chart and Trade Setup Review, May 26, 2017: $NIHD $CBIS $ACHN $JUNO $NAK $USOIL $WTI: http://youtu.be/GeXxJuPT8pM?a
$SPI premarket up 55%
Market Outlook :
Watch those large and mega caps – when they stall things could change. And don’t forget our $SPY algo warned about recent highs.
Market News and Social Bits From Around the Internet:
7:30a
Job-Cut Report
8:15a
Employment Report
8:30a
Jobless Claims
10a
Mfg Index
Construction Spending
10:30a
NatGas #
11a
EIA
$SPI SPI Energy Co., Ltd. Announces Agreement with Capital Stage AG to Sell UK Solar Project http://www.nasdaq.com/press-release/spi-energy-co-ltd-announces-agreement-with-capital-stage-ag-to-sell-uk-solar-project-20170601-00385 …
$PF at 66+ in pre-market on buyout talks.
$ZIOP initiated Buy at H.C. Wainwright. $9.5 PT
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 : $SPI 53%, $MNKD 17%, $EBIO 15% $CCIH $PANW $CIEN $NERV $BOX $GT $PF $HLTH $SONS $CYTX $INFN $ZSAN $DNR $ZIOP $TECD I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List : $NUGT $JNUG $UVXY $EXPR $MBOT $SBGL $SMTC $DGAZ $DWT $HPE 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: $SKX $BOX $BNFT $SUPN $NRG $ITW $PLT $FLR $GT $TREX $BMO as time allows I will update before market open or refer to chat room notices.
(6) Recent Downgrades: $FOXF $RYAM $ADM as time allows I will update before market open or refer to chat room notices.
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
Study:
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
http://finviz.com/
https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6
http://www.highshortinterest.com/
http://www.gurufocus.com/short-stocks.php
http://www.3xetf.com/all/
http://www.etf.com/channels/gold-etfs
GL!
Curtis
Algorithm Twitter feeds can be found here:$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: $SPI, $MNKD, $EBIO, $WYNN, $FAS, $XLF, $GOOGL, $AMZN – $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