PreMarket Trading Plan Thurs Mar 23 $HTGM, $DRWI, $SSH, $USOIL, $WTIC, $TREE

Compound Trading Chat Room Stock Trading Plan for Thursday Mar 22, 2017; $HTGM, $DRWI, $SSH, $USOIL, $WTIC, $TREE  – $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://www.youtube.com/watch?v=sDTqbWlmRsE

We are going to try another trading room – yes, but we gotta try and get what will work best, we’ll get you details. The YouTube platform we are having difficulty with outages, transcripts and lags.

Yesterday’s Stock Trading Results (the $SNAP momo trade may help some early traders)

Per previous;

The Quarterly Swing Trading Performance Review P/L with Charting is Published. The Algorithms and Daytrading Quarterly Performance Reports are being compiled as I write and will be posted soon.

Most recent Keep it Simple Swing Charting Post (MACD, MA, Stoch RSI focus):

Results of Gold trade vote are in!

Current Holds / Trading Plan:

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 93% 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:

Swing trades on watch for me again (in addition to our algorithm models because everything is either at resistance or suport) 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 new on watch $CEW, $MYL, $TZA, $TREE

Morning Momentum Stocks / News and Social Bits From Around the Internet:

Morning momentum stocks watchlist: $HTGM $DRWI $SSH

$DRWI Premarket +29% CCI Wireless Selects DragonWave Harmony Enhanced MC for Network Upgrade http://finance.yahoo.com/news/cci-wireless-selects-dragonwave-harmony-210000878.html?soc_src=social-sh&soc_trk=tw via @YahooFinance

Gaps on these plays: 

News on these plays: $SSH, $HTGM, $DRWI

Chart Set-Ups: $USOIL, $WTI, $CEW, $MYL, $TZA, $TREE (TREE) stock back to 116.6 triple support area w/ bullish long 

S&P +0.18%.

10-yr -0.05%.

Euro -0.09% vs. dollar.

Crude +0.35% to $48.21.

Gold -0.14% to $1,247.95.

8am
Yellen Speaks

8:30am
Jobless Claims

10am
New Home Sales

10:30am
Nat Gas Report

12pm
Kashkari Speaks

7pm
Kaplan Speaks

Jobless claims rise sharply in the last week http://seekingalpha.com/news/3252988-jobless-claims-rise-sharply-last-week?source=feed_f … #premarket

$SNAP initiated at Neutral at Piper. PT $23

$SSH 1.5M float with 20% of it shorted – Says ~20% More Hospitals Regularly Purchasing Disposable Blood Sets In Q1 vs Q4

$HTBX Heat Biologics’s buy rating reiterated at Noble Financial

$FEYE upgraded this morning by Goldman to BUY

FireEye +8.18% pre-market, upgraded from Sell to Buy at Goldman Sachs http://seekingalpha.com/news/3252987-fireeye-plus-8_18-percent-pre-market-upgraded-sell-buy-goldman-sachs?source=twitter_sa_factset … #premarket $FEYE

Bitcoin jumps back over $1,000 http://seekingalpha.com/news/3252964-bitcoin-jumps-back-1000?source=twitter_sa_factset … #premarket $GBTC $BTCS $COIN

Proofpoint downgraded to Sell at Goldman http://seekingalpha.com/news/3252961-proofpoint-downgraded-sell-goldman?source=twitter_sa_factset … #premarket $PFPT

Longest rally for yen in six years http://seekingalpha.com/news/3252978-longest-rally-yen-six-years?source=twitter_sa_factset … #premarket $FXY $DXJ $EWJ $YCS

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: $HTGM $DRWI $SSH $DHT $BEBE $FIVE $FEYE $EGLT $NSPR $NAK $ATVI $NKTR $CHK $IDRA $SNAP $RACE $LITE

 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: $RACE $SCS $KR $SVU $MANT $MLHR $VRNS $FEYE $RSPP $EGN $ECA $DDR $DLTR $MT $MLHR $LAZ $DXPE $KR $VRNS as time allows I will update before market open or refer to chat room notices.

(6) Downgrades: $RARE $NSC $DG $CNC $WLL $PFPT $MO 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: $HTGM, $DRWI, $SSH, $USOIL, $WTIC, $TREE – $MGTI, $NE, $XOM, $ONTX, $VRX, $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