Compound Trading Chat Room Stock Trading Plan for Tuesday April 18, 2017; $GNC, $ITXG, $CBLI, $UPZS, $LIGA, $DWT, $DUST, $USOIL, $GDX — $DWT, $ONTX, $DUST, $XOM, $NE, $ASM, $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.
Today’s Live Trading Room Link: https://compoundtrading.clickmeeting.com/livetrading
Most recent lead trader blog posts:
— Compound Trading (@CompoundTrading) April 15, 2017
— Compound Trading (@CompoundTrading) April 17, 2017
The Quarterly Daytrading Performance Review P/L with Charting is Published.
— Compound Trading (@CompoundTrading) March 27, 2017
The Quarterly Swing Trading Performance Review P/L with Charting is Published. The Algorithms Quarterly Performance Reports are being compiled as I write and will be posted soon.
Most recent Keep it Simple Swing trade Charting (MACD, MA, Stoch RSI, SQZMOM focus):
— Compound Trading (@CompoundTrading) April 16, 2017
Most recent Premarket Chart Set-Up Video:
Most recent Market Open Momentum Stock Trades Video :
Most recent Mid Day Chart Set-Up Review Video:
Current Holds / Trading Plan:
Main watchlist in my trading plan today:
$GNC, $ITXG are the morning momos so far.
$SPY (at key support soon), $GLD, $GDX (Gold above 200 MA at test Fib resistance and Miner’s testing 200 MA resistance), $USOIL, $WTIC (in upward channel) BUT has come off key resistance area and is testing extreme lower side of uptrending channel (support)..
OTC on watch $UPZS, $OPMZ $LIGA $MMEX $AMLH $ACOL $BVTK $USRM
$UPZS – Unique (UPZS) Announces $2 Million Dollar Unique Pizza Tap House Franchising Program
Most holds are small to mid size holds in this order according to sizing – $DUST, $DWT, $ONTX, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI, $LIGA
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.
Morning Momentum Stocks / News and Social Bits From Around the Internet:
Morning Momentum Stocks Wacth list: $GNC, $ITXG
$GNC more than 40% of short Float! 25% on #premarket!
Gap ups: $GNC $PLX $CAB $AUPH $MITK $AU $UNH $GLPG $UVXY $TVIX $DWT
News on these plays:
Previous Day Momentum Stocks to watch: $CBLI
Euro +0.34% vs. dollar.
Crude -0.74% to $52.26.
Gold -0.42% to $1,286.50.
Esther George Speaks
— CNBC Now (@CNBCnow) April 18, 2017
JPMorgan Active Treasury Clients Flip to Net Long: BBG
Goldman misses analyst estimates. Didn’t get the same trading bump as JPMorgan, Citi. Shares off 2% premarket. $GS
$LIGA already in negotiations with ALS association to build Stem cell clinics accross the US. http://www.alsa.org/
J&J Q1 Revenue $17.8b, est. $18.0b; EPS $1.83, est. $1.77
EARNINGS: Bank of America Q1 EPS $0.41 vs. $0.35 Est.; Q1 Revs. $22.248B vs. $21.611B Est. • $BAC http://cnb.cx/2oRiR4x
$XOMA Presents Positive Data from PTH1R Monoclonal Antibody Program
$MYOS enters into agreement with Kansas State University to study impact of Fortetropin
U.K. 10-YEAR YIELD DROPS BELOW 1%; FIRST TIME SINCE OCTOBER
APPLE SAID TO PLAN UPGRADED VERSIONS OF TWO CURRENT IPHONES
Michael Kors names new CFO https://seekingalpha.com/news/3257522-michael-kors-names-new-cfo?source=twitter_sa_factset … #premarket $KORS
Cardinal Health buys three businesses from Medtronic for $6.1B; shares down 7% premarket $CAH $MDT
GNC stock surges over 30% premarket after retailer’s earnings beat expectations http://ift.tt/2pd4icB #News #Money #Finance #BreakingNews
$ALDX Last Patient Dosed in Allergic Conjunctivitis Phase 2b Trial
$NFLX tgt raised to $184 at BofA/Merrill
$MATN Announces Encouraging Results from Interim Analysis of Ph 2/3 FOCUS Study in Platinum-resistant Ovarian Cancer
$OMED downgraded to Neutral from Buy at Cantor. PT $6 from $16
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
The algorithm Twitter feeds can be found here:$WTI (@), $VIX (@), $SPY (@), $GLD (@), $SLV (@), $DXY (@DXYUSD_Index). Our Swing Trading Twitter feed is found here: https://twitter.com/swingtrading_ct. Our lead trader Twitter feed is here @curtmelonopoly, lead tech developer @hundalSHS, and associate 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 : $GNC 29%, $MITK 5%, $AUPH $WUBA $PLX $SSYS $CYTK $GBT $SDRL $OHRP $CNAT $DRD $DWT $HMY $DLPG $DGAZ $SCO $AU $BAC I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List: $CAH $HOG $TSLA $X $XIV $UGAZ $UWT $ARNA $DRYS $WWE $GS $FCX $MT $CBLI I will update before market open or refer to chat room notices.
(3) Other Watch-List: $CBLI $SCON $STRP $INFI $ALR $TRCH $VSTM $PLUG
(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: $IAC $SSYS $CORE $CHKP $AFL $SFBS $MCD $FAST as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: $CMI $PCAR $AEO $TLYS $DISH 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.
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).
Article Topics: $GNC, $ITXG, $CBLI, $UPZS, $LIGA, $DWT, $DUST, $USOIL, $GDX – $$LIGA, DWT, $MGTI, $NE, $XOM, $ONTX, $DUST, $ASM, $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