Compound Trading Chat Room Stock Trading Plan for Tuesday Mar 28, 2017; $XRA, $RXII, $PSIX, $CARA $USRM $WTI $USOIL $SPY $SPXL $XIV – $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.
Notices:
Today’s Live Trading Room Link: https://compoundtrading.clickmeeting.com/livetrading
Friday Stock Trading Results (Monday stock trading results are delayed until this evening)
https://twitter.com/CompoundTrading/status/846328234128007172
The Quarterly Daytrading Performance Review P/L with Charting is Published.
https://twitter.com/CompoundTrading/status/846494014635429888
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.
https://twitter.com/CompoundTrading/status/841078264537993218
Most recent Keep it Simple Swing Charting Post (MACD, MA, Stoch RSI, SQZMOM focus):
https://twitter.com/CompoundTrading/status/846200780457574404
Results of Gold trade vote are in!
RESULTS ARE IN! Will the next leg in #Gold trading be up or down? Round 3. Tie breaker! $GC_F $GLD $XAUUSD $GDX $NUGT $DUST $JDST $JUNG https://t.co/7NVSaMQ3Kh
— Melonopoly (@curtmelonopoly) March 14, 2017
Current Holds / Trading Plan:
We have yesterday’s inflection of Gold and Silver resistance, the US Dollar support, Oil at support, $SPY support and volatility $VIX starting to come alive. None of which broke through support or resistance and $VIX started to come back down.
Even though my holds are small in size I would like to start focusing on trading out of some of these, if not all. With the current downdraft in market I may not be able to get out of these for a while – VERY SMALL part of my portfolio now – I am 95% or more cash.
All small to mid size holds in this order according to sizing – $ONTX, $DUST, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI.
Per recent;
$DUST I will close for a loss if Gold holds 1260 – sucks, but it was a relatively small position (to portfolio size) but I didn’t follow the golden rule… when a trade goes against your plan cut fast and I didn’t so I will likely pay the price. And I guess what has become the second golden rule… listen to the algos… they haven’t been wrong yet – so yes, I didn’t listen to my own invention ROSIE the Gold Algo (give Rosie a little plug there she deserves it lol). Embarrassing, especially because ROSIE nailed the bottom many weeks in advance of the bottom – all I had to do was listen and boom new house. Sad.
Market Outlook / Trading Plan:
I am watching my favorite OTC $USRM, I am in Oil related $UWT from yesterday looking to add on dips and I am looking at $XIV and or $SPXL in the $SPY related on dips on long side.
$XRA, $RXII and $PSIX are momos on watch, $CARA for a bounce and momo in premarket, $WTI $USOIL based on algo settings and current play and $SPY $SPXL and $XIV on chart intra-day trade possibilities.
Swing trades on watch for me again (in addition to our algorithm models because everything is either at resistance or support) today (some are same as from our swing trading platform side) are $BABA, $VRX, $NFLX, $WYNN, $XME, $URRE, $TAN, $TWLO, $GSIT, $ABX and considering adding $LIT to the list. Also recently added to watch $CEW, $MYL, $TZA, $TREE and today added are $NVDA, $SOXS, $KBH, $BCOR. Also on OTC side new are $USRM, $PLSB, $LIGA and $ASCK.
This post from yesterday proved timely for the Swing Trading side of our platform:
Interesting. $NVDA Daily MACD turned up, Stochastic RSI down, SQZMOM just turned green, price above MA’s. #swingtrading
Morning Momentum Stocks / News and Social Bits From Around the Internet:
Morning momentum stocks watchlist: $XRA, $RXII, $PSIX, $CARA
Gaps on these plays:
News on these plays:
Chart Set-Ups: Our algos – support and resistance everywhere.
Previous Day Momentum Stocks to watch:
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
The algorithm Twitter feeds can be found here:$WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index). . Our lead trader Twitter feed is here @curtmelonopoly, lead 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: $XRA 57%, $RXII 46%, $PSIX 46%, $CARA 15%, $OCN $SB $CGIX $TSRO $EDIT $SBLK $RHT $GOGL $ASPS $DGAZ $CALA $TS $DRYS
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:
(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: $CMC $CXP $PINC $SSL $PCTY $KRC $GNK $SBLK $GOGL $SB as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: $FIS $KVHI $GPOR $EXC 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: $XRA, $RXII, $PSIX, $CARA $USRM $WTI $USOIL $SPY $SPXL $XIV – $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, $NG_F, $SLV, $GLD, $DXY, $XAUUSD, $GC_F