Compound Trading Chat Room Stock Trading Plan and Watch list for Tuesday May 23, 2017; $ETRM, $HMNY, $JKS, $AAOI, $CALA, $USOIL, $WTI, $UWT – $SSH, $LGCY, $TRCH, $ESEA, $MGTI, $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 Swing Trading and Day Trading side 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 that I spoke to myself are opting for email only, but the Twitter alert system is available for those that choose that.

Most recent lead trader blog posts:

Learn How to Trade Stocks (Build a Small Account) Following my Journey. Part 5 “Freedom Traders” Series.

Learn How to Trade Stocks (Build a Small Account) Following my Journey. Part 5 “Freedom Traders” Series. https://t.co/3WOEzWx3Gi

— Melonopoly (@curtmelonopoly) May 13, 2017

https://twitter.com/CompoundTrading/status/846494014635429888

The Quarterly Swing Trading Performance Review P/L. The Algorithms Quarterly Performance Reports will be out soon.

https://twitter.com/CompoundTrading/status/841078264537993218

Trading Plan (Buy, Hold, Sell) and Watchlists:

Morning momentum stocks on watch so far:  $ETRM, $HMNY

Bias toward / on watch: $USOIL, $WTI, $UWT

Markets: $SPY $ES_F $SPX is hitting all price extensions on algorithm and is relatively bullish but resistance cluster overhead still intact on algorithm, $GLD, $GDX some life. $SLV Same. $USOIL, $WTI flirting algorithm resistance and support for last 24 hours ish – EPIC has it dialed in perfect. $DXY no big news and $VIX got its pop and on its way back to lowest range in decades likely – down 15% or so this week.

OTC on watch: Randoms I’ve noticed over last few weeks… $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: $ETRM, $HMNY

Recent SEC Filings to Watch: 

Short Term Trader’s Edge: 

Some Earners After Hours: $ANW $BRS $HEI $INTU $TCS $TLYS $VSAT

Holds: Most holds are small to mid size (less than 5% of day trading account) holds in this order according to sizing: $ONTX, $SSH, $LGCY, $TRCH, $ESEA, $MGTI, $LIGA, $PVCT

Various Recent Chart Set-ups on Watch: $JKS, $CALA, $LITE, $JUNO, $PCRX, $CTSH, $FEYE, $TSLA, $NVO, $EWZ, $AMBA, $EOG, $COTY, $FSLR, $AAOI, $HIIQ, $JASO Golden Cross, $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.

Market Outlook :

Oil on high watch again today. #EIA on deck tomorrow and OPEC this weekend.

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:

8:55am
Redbook

10am
-New Home Sales
-Richmond Fed Manufacturing Index

3:15pm
Neel Kashkari Speaks

5pm
Patrick Harker Speaks

$ETRM EnteroMedics Announces the Acquisition of the Gastric Vest System

Bond market warning? A closely watched economic indicator just hit a postelection low http://cnb.cx/2rLQ6VT via @AcesRose

Bond market warning? A closely watched economic indicator just hit a postelection low https://t.co/YRidk1pdUu via @AcesRose pic.twitter.com/ac3K7Kfmsw

— Trading Nation (@TradingNation) May 23, 2017

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).

The 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.

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 : $HMNY 44%, $ETRM 28%, $ONDK 8%, $NOK $MOMO $RAD $A $ERIC $DGAZ $VSLR $JKS $CVNA $GOEX $TOL $FCAU $AU $RBS $RS $YRD $AAOI $ALV I will update before market open or refer to chat room notices.

(2) Pre-market Decliners Watch-List : $UGAZ $UVXY $PRGO $KOS $AAP $MNKD $MDXG $GLYC $BDSI $NUGT $JNUG $TEVA $CRM $AZO  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: $OFIX $PNR $PRXL $PVH $QLYS $RS $SPLK $TDOC $WLK $XLNX $ZYME $A $ATHN $ATW $BAH $BSRR $BX $CLDR $CVNA $DDD $EEX $ELY $FNB $INXN $IVTY $JBHT $MCK $NCSM $OCX as time allows I will update before market open or refer to chat room notices.

(6) Recent Downgrades: $CCLP $CMCM $EGHT $ELGX $EVR $FRSH $HP $NBR $NUE $PTEN $RS $STLD $X $XLNX $XRAY 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:  $ETRM, $HMNY, $JKS, $AAOI, $CALA, $USOIL, $WTI, $UWT – $PVCT, $LIGA, $MGTI, $ONTX, $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