Stock Trading Plan for Wednesday Feb 8, 2017 in Trading Chat room. $MYGN, $APOP, $COHR, $VNR, $VRX, $SSH, $VIX, $WTI, $JDST, $JNUG, $GLD – $TRCH, $LGCY, $CBMX, $JUNO $DUST – 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!

Notices:

Public Webinar Schedule:

Webinars are scheduled for this Saturday afternoon. For general public interested in understanding our services and algorithmic chart modeling. Also for existing members that wish to ask more detailed questions about the charting and trading our algorithmic charts.

Date: Saturday Feb 11, 2107

Location: Visit our website www.compoundtrading.com and click link to enter trading room and sign in as guest.

2:00 Epic the Oil Algorithm

2:30 Rosie the Gold Algorithm

3:00 SuperNova Silver Algorithm

3:30 US Dollar $DXY Algorithm

4:00 S&P and VIX (in development) models.

4:30 Swing Trading – What our service includes and success to date.

5:00 Trading Room – Introduction to our Trading Room

Do Not Miss This Update!

Back to the lab tonight for algorithm updates for tomorrow open – but for now (considering the mess after the oil report) it’s a good idea to refresh your chart outlook!

Simple Charts Market Update Feb 8: US Dollar $DXY, S&P 500 $SPY, $VIX, OIL $WTI $USOIL, GOLD $GLD $GDX, SILVER $SLV https://t.co/tgB1luqMzZ

— Melonopoly (@curtmelonopoly) February 8, 2017

Current Holds / Trading Plan:

$VRX, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $CBMX, $JUNO (all very small), $DUST (looking for a way out on $DUST – was expecting one final significant spike in USDJPY before drop). $CBMX and $JUNO are holds till spring if necessary (you would have to do your own DD on the companies and make your own determination).

Oil, Gold and the VIX are high on my watch list. $VRX and $SSH are the charts I’m watching close. And looking at some larger swings and Copper! $JJC

General Market Outlook:

Per the morning chart blast update the market might be a bit funky today – that was an algo earthquake at 4:30 yesterday (more specifically because the oil chart is broken).

EIA report at 10:30 today will be a watch!

Glad we didn't take that trade intra at support in the washout. Wowzers. #OOTT https://t.co/acVQ8XXQIJ

— Melonopoly (@curtmelonopoly) February 7, 2017

Morning Momo / News and Social Bits:

Momo Watch: $DFFN $APOP $COHR $OCRX

Big Week. #Earnings $NVDA $TWTR $GILD $DIS $TWLO $GM $ATVI $CLF $BP $CVS $ONVO $TSN $NWL $SKX $HAS $KO $WLTW $AGN $SYY $AXTA

Big Week. #Earnings $NVDA $TWTR $GILD $DIS $TWLO $GM $ATVI $CLF $BP $CVS $ONVO $TSN $NWL $SKX $HAS $KO $WLTW $AGN $SYY $AXTA https://t.co/J6WHPyXArd

— Melonopoly (@curtmelonopoly) February 4, 2017

MBA Mortgage Apps

7:00am

EIA Petroleum Report
10:30am

MBA Mortgage Applications +2.3%
Purchases +1.8%, last -5.6%
Refis +2.2%, last -1.4%

Intuit down 3.4% after warning; H&R Block slides alongside http://seekingalpha.com/news/3241513-intuit-3_4-percent-warning-h-and-r-block-slides-alongside?source=feed_f … #premarket $INTU $HRB

Copper supply threatened as disruptions rage at top BHP, Freeport mines http://seekingalpha.com/news/3241516-copper-supply-threatened-disruptions-rage-top-bhp-freeport-mines?source=feed_f … #premarket $BHP $FCX $JJC $CPER #sitifatim…

Allergan Q4 top line up 7%; non-GAAP earnings up 6%; cash flow ops down 94%; shares ahead 2% prem… http://seekingalpha.com/news/3241494-allergan-q4-top-line-7-percent-non-gaap-earnings-6-percent-cash-flow-ops-94-percent-shares?source=feed_f … #premarket $A…

AMC Entertainment prices upsized share offering http://seekingalpha.com/news/3241486-amc-entertainment-prices-upsized-share-offering?source=feed_f … #premarket $AMC

Netflix preps to sell toys http://seekingalpha.com/news/3241484-netflix-preps-sell-toys?source=twitter_sa_factset … #premarket $NFLX

$TWTR up 3% #premarket. Earnings tomorrow.

Twitter +2.8%; BTIG cites Trump’s usage in upgrade http://seekingalpha.com/news/3241477-twitter-plus-2_8-percent-btig-cites-trumps-usage-upgrade?source=twitter_sa_factset … #premarket $TWTR

Humana Q4 top line off 4%; earnings down 497%; cash flow ops down 923% http://seekingalpha.com/news/3241470-humana-q4-top-line-4-percent-earnings-497-percent-cash-flow-ops-923-percent?source=twitter_sa_factset … #premarket $HUM

Facebook added to BofA’s U.S. 1 List http://seekingalpha.com/news/3241468-facebook-added-bofas-u-s-1-list?source=twitter_sa_factset … #premarket $FB

Cellect Biotech Reports First Cancer Patient was Treated in Phase I/II Trial of ApoGra

Toyota China Jan. Vehicle Sales Fall 18.7% Y/y.

Genworth misses, but all eyes on review of China Oceanwide deal; shares +2% http://seekingalpha.com/news/3241510-genworth-misses-eyes-review-china-oceanwide-deal-shares-plus-2-percent?source=feed_f … #premarket $GNW

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: $DFFN $APOP $COHR $OCRX $MYGN $NVCN $PSDV $FMI $MCHP

I will update before market open or refer to chat room notices.

(2) Pre-market Decliners Watch-List:  I will update before market open or refer to chat room notices.

(3) Other Watch-List: $ZAIS, $FNMA,  $JDST, $JNUG, $UWT, $DWT, $VIX,

(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: $FMC $PNC $USAK $UPS $NOV $THO $EMR $MYGN $KFRC $TWTR $FIS $DCT $MCHP  as time allows I will update before market open or refer to chat room notices.

(6) Downgrades: $NTGR $SPSC $PFSI $TLLP $GILD $MDLZ $MOS $COR $NGL $CXRX  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

Tweets by curtmelonopoly

Article Topics: – $DFFN, $APOP, $COHR, $OCRX, $MYGN, VNR, $VRX, $SSH, $ASM, $CBMX, $JUNO, $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