Stock Trading Plan for Tuesday Feb 21, 2017 in Compound Trading Chat room. $CYH $EYEG $CYCC $APOP $IDXG $SPRT $PLKI – $UWT, $ONTX, $VRX, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $CBMX – 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!
Notices:
NA
Current Holds / Trading Plan:
All small size – $UWT, $BSTG, $ONTX, $VRX, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $CBMX, $DUST (looking for a way out on $DUST – was expecting one final significant spike in USDJPY before drop). $CBMX is a hold till spring if necessary (you would have to do your own DD on the company and make your own determination). I entered $RNVA AM yesterday small position.
May exit $VRX and $UWT.
General Market Outlook:
So it seems Crude Oil $WTI has pushed its trade range right up near resistance to parallel $Gold, $Silver, and the $DXY US Dollar – they are all at decisions. Interesting scenario. $VIX is still dead and $SPY has another leg forming (yet to be seen). The markets seem pensive but bullish at the same time. Again, interesting IMO.
Morning Momo / News and Social Bits From Around the Internet:
Momo Watch: $EYEG $CYCC $APOP $IDXG $SPRT $PLKI $XCRA $DGAZ $DCTH $EXAS $NAKD $SCON $VCEL
$CYH Premarket up 22%
On the hour
Feb. 21, 2017 8:00 AM ET|By: Niloofer Shaikh, SA News Editor
S&P +0.22%.
10-yr -0.2%.
Euro -0.73% vs. dollar.
Crude +1.73% to $54.71.
Gold -0.66% to $1,230.95.
Macy’s shares up 3.1% in premarket trading
Bristol-Myers institutes $2B accelerated share buyback plan; shares up 1% premarket
$CYH earnings winner with a huge morning premarket spike.
$TROX +10.9% premarket after announcing a lighter than expected Q4 loss and an agreement to acquire the TiO2 business.
$FCX -3.4% premarket after failing to reach an agreement with Indonesia’s government to resume copper concentrate exports.
Valeant’s stock turns up, gains 0.7% premarket after licensing deal with Eyegate Pharmaceuticals:
Eyegate’s stock soars 52% premarket after licensing deal with Valeant:
Wal-Mart shares gain 2% premarket as Q4 profit beats expectations.
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
The algorithm Twitter feeds can be found here:$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: $EYEG $CYCC $APOP $TROX $IDXG
I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List: $TRVN $MNTA $KHC $TVIX and $NYMT 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: $PTEN $EQM $LPI $CREE $GLOG $SBLK $EV $VNOM $MTOR $CYH $PKY as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: $DEPO $SABR $BLMN $OHI $LMOS $FCX $EIGI $MAR $HURN $MCO $DKS $MAR $LEA $XRAY $MBLY 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: $EYEG $CYCC $APOP $IDXG $SPRT $PLKI – $UWT, $BSTG, $ONTX, $VRX, $SSH, $ASM, $CBMX, $DUST, $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