Compound Trading Chat Room Stock Trading Plan and Watch list for Wednesday May 31, 2017; $DAC $XTNT $JILL $CBIO $ETRM $GOLD $GLD $GDX $NUGT $SLV $USLV – $SSH, $LGCY, $TRCH, $ESEA, $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 Oil, Swing Trading and Day Trading 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 those I spoke to are opting for email only, but the Twitter alert system is available for those that want it.

Post Market Reports for last Thursday, Friday and yesterday will be posted with tonight’s (still behind posting trading results).

Most recent lead trader blog posts:

Trading Set-ups. Video Explains Predictable Winning Process. Part 6 b) “Freedom Traders” Series.

Trading Set-ups. Video Explains Predictable Winning Process. Part 6 b) “Freedom Traders” Series. https://t.co/7XFIQ68CoY

— Melonopoly (@curtmelonopoly) May 29, 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:  $DAC $MEIP $JILL

Bias toward / on watch:  Oil is off heavy overnight so be cautious today. It can affect the markets. Watching Gold $GLD $GDX very close here for possible break to upside divergence near term.

Markets: .coms rocking, $SPY $ES_F $SPX I am cautiously optimistic, $GLD, $GDX, $SLV continue in indecision. $USOIL, $WTI tanked again overnight. $DXY and $VIX no significant news.

OTC on watch: Randoms I am still watching.. $PGPM, $BRNE, $ELED, $PVCT, $LIGA (I hold),$AMLH, $BLDV $UPZS $OPMZ $MMEX $ACOL $BVTK $USRM $ORRV $JAMN $PFSD

Gaps to Watch: $SPY $XIV $UGAZ $EXAS $HTZ $GLYC $MRAM $ETRM $MTL $CBIO $DWT $NVDA $AMD

Recent Momentum Stocks to Watch: 

Stocks with News: $PRQR, $ETRM, $CBIO, $MBVX

Recent SEC Filings to Watch: $LACDF Lithium Americas Corp Director Acquires C$266,750.00 in Stock

Short Term Trader’s Edge: 

Some Earnings Today: $BOX $HPE $OLLI $PANW $SMTC

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

Midday Chart and Trade Setup Review, May 26, 2017: $NIHD $CBIS $ACHN $JUNO $NAK $USOIL $WTI: http://youtu.be/GeXxJuPT8pM?a

https://twitter.com/CompoundTrading/status/869275423879958530

$DAC premarket up 22%

Market Outlook :

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:

7am
Mortgage Apps

8:55am
Chain Store Sales

9:45am
Chicago PMI

10am
Pending Home Sales

2pm
Beige Book

3pm
Farm Prices

$PRQR ProQR Receives Fast Track Designation from the FDA for QR-110 for Leber’s Congenital Amaurosis Type 10 https://globenewswire.com/news-release/2017/05/31/1003874/0/en/ProQR-Receives-Fast-Track-Designation-from-the-FDA-for-QR-110-for-Leber-s-Congenital-Amaurosis-Type-10.html …

$ETRM EnteroMedics Announces First vBloc Neurometabolic Therapy Implant http://ir.enteromedics.com/releasedetail.cfm?ReleaseID=1028370 …

$CBIO Catalyst Biosciences’ Factor IX Recommended for Orphan Drug Designation in Europe”

$MBVX Therapeutics to Present Phase I Clinical Trial Results of MVT-5873 for the Treatment of Ad…

Raymond James Upgrades Atwood Oceanics $ATW to Market Perform

$PTGX PT raised to $45 from $34 at BMO

$TEVA all primary secondary endpoints met for migraine drug

$EVOK *DJ Evoke Pharma Enters Agreement With Rho to Submit NDA for Gimoti
(Dow Jones 05/31 08:30:32)

$MU upgrades

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).

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 : $DAC 18%, $MEIP 16% $JILL 13% $ETRM $MTL $EXAS $CBIO $FRO $ADI $DWT $BORN $SCO $SYT $GLYC $ARRY $MBVX $DGAZ $BORN  I will update before market open or refer to chat room notices.

(2) Pre-market Decliners Watch-List : $UVXY $TVIX $JDST $DUST $ACIA $KORS $WLL $MRO $UWT $CLF $GUSH $DGAZ $LABD  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: $VALE $INCR $FRAN $VMW $AKTX $DCI $FRO as time allows I will update before market open or refer to chat room notices.

(6) Recent Downgrades: $KOP $XTLY $MOH $IRBT $ING $EC 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

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.

Article Topics: $DAC $XTNT $JILL $CBIO $ETRM $GOLD $GLD $GDX $NUGT $SLV $USLV  – $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