Stock Trading Plan for Wednesday Mar 8, 2017 in Compound Trading Chat room. $OCRX, $PRKR, $BIOC, $SNAP, $DUST, $UGAZ – $ONTX, $DUST, $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:
All algo, post market trading results and swing trading updates are now out.
The trading group link is below – if you have any problems let us know.
NOTICE: Promo users of any algorithm chart modeling will not receive updates effective now due to our commercial user contract obligations.
— Curtis Melonopoly (@curtmelonopoly) March 8, 2017
We will be streaming live trade at You Tube Live today. Public Open House. Link here https://t.co/no1jMzvdB7 #stocks #trading #premarket
— Curtis Melonopoly (@curtmelonopoly) March 8, 2017
Current Holds / Trading Plan:
All small to mid size holds in this order according to sizing – $ONTX, $DUST, $USRM, $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:
Earnings on deck:
#earnings $THO $MOMO $ULTA $FNSR $MEET $MVIS $DKS $CLNE $CIEN $CARA $URBN $MIK $DXYN $LGIH $SCMP $BIOC $BTE $CASY https://t.co/rsllzs6MVb
— Curtis Melonopoly (@curtmelonopoly) March 5, 2017
Watching Gold, Miner’s and Silver once again very close – here’s our Gold trade vote.
Will the next leg in #Gold trading be up or down? Round 2. $GC_F $GLD $XAUUSD $GDX $NUGT $DUST $JDST $JUNG
— Curtis Melonopoly (@curtmelonopoly) March 5, 2017
Volatility is now on my radar again $TVIX $UVXY.
Morning Momo / News and Social Bits From Around the Internet:
Momo Watch: $OCRX, $PRKR, $BIOC, $SNAP, $DUST, $UGAZ
$OCRX up 54% Premarket
7am
MBA Mortgage Apps
8:15am
ADP Employment Report
8:30am
Productivity and Costs
10am
Wholesale Trade
10:30am
Petroleum Report
Ten-year yield back at top of range http://seekingalpha.com/news/3249490-ten-year-yield-back-top-range?source=feed_f … #premarket $TLT $TBT
Health Insurance Innovations down 13% premarket on pending stock sales by shareholders http://seekingalpha.com/news/3249489-health-insurance-innovations-13-percent-premarket-pending-stock-sales-shareholders?source=feed_f … #premarket $HIIQ
Vera Bradley’s stock plunges 14% premarket after Q4 results.
Express Stock Drops Premarket on Weak Guidance $EXPR
Tepper shorts bonds http://seekingalpha.com/news/3249471-tepper-shorts-bonds?source=feed_f … #premarket
Retailers Express and Urban Outfitters each issued weak outlooks. $EXPR down 10% #premarket. $URBN down 7%.
The Children’s Place +7% after doubling dividend, adding buybacks http://seekingalpha.com/news/3249467-childrens-place-plus-7-percent-doubling-dividend-adding-buybacks?source=feed_f … #premarket $PLCE
$CAT-astrophe? Caterpillar down 3% #premarket after NYT reports about last week’s probe by feds. Cites accusations of tax/accounting fraud.
PetroQuest Energy -9% premarket after wide Q4 earnings miss http://seekingalpha.com/news/3249497-petroquest-energy-minus-9-percent-premarket-wide-q4-earnings-miss?source=feed_f … #premarket $PQ
$ABEO Receives Orphan Drug Designation in the European Union for EB-101 Gene Therapy Clinical Trial for Epidermolysis Bullosa[+]
FDA to review Keryx Bio’s application for expanded use of Auryxia; shares ahead 5% premarket
Ladder Capital down 5% as backers sell http://seekingalpha.com/news/3249505-ladder-capital-5-percent-backers-sell?source=twitter_sa_factset … #premarket $LADR
If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
The algorithm Twitter feeds can be found here:$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: $OCRX $PRKR $HH $BIOC $REXX $HTBX $XTLB $SHIP $XTNT $UGAZ $HEAR $SCMP $AVAV $PLCE $HRB $CBAY $FNBC $TSL
I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List: $HIIQ $URBN $LAND $AUPH and $FMBI. 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: $IPXL $WFT $OMC $EVH $NAV $BXE $SWKS $CCI $MIK $UDR $AVB $VOD as time allows I will update before market open or refer to chat room notices.
(6) Downgrades: $GOLD $BT $URBN $NMBL $FIG $AF $NSM $TV 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: $OCRX, $PRKR, $BIOC, $SNAP, $DUST, $UGAZ – $MGTI, $NE, $XOM, $USRM, $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