Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Friday Dec 16 – $EVOK, $CBMX, $JUNO, $UWT, $SPY, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $SLV, VIX, $NG_F and more.
Intro:
Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from chat trade room as they occurred (random chat from myself not applicable or other misc chat deleted). Chat trade room is also video recorded daily for trade archive.
In addition to chat, this trade-room has live voice broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.
Notices:
Notice: There is a new feature blog post at this link, “Why our Stock Algorithms are Different than Most“. If you are using our algorithms or charting it is a must read.
Notice: We are testing fault settings for multiple trading rooms in 2017 (main room, momentum, options, swing, commodities, etc). We can have groups in different rooms all seeing same screen and announcements / broadcast – if you’re moved don’t sweat it – it won’t affect your experience.
Overview Perspective & Review of Chat Room, Algo Calls, Trades and Alerts:
NA
My Personal Trades:
Friday for me was $STUDY and watching my Oil related $UWT trade – I am 10,000 shares deep from earlier in the week (1000, 3000, 6000 entries) – so that is setting up to be a great win. I didn’t take any morning momentum trades. Other traders in the room were on winning side and have been regularly so that was good. Still hold $CBMX and $JUNO. $EVOK was the big runner but didn’t trade it.
Primary Lessons That May Help You With Your Trades:
The $UWT (crude oil trade) I am in is completely about trusting the proven algorithm @EPICtheAlgo (which took me about 6 months to fully trust). I would be a lot further ahead has I just trusted the math process earlier. The chart below shows our buy alert.
Buy trigger alerted to members last week (green arrow) Crude algo intra work sheet 935PM Dec 18 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT #algo
Looking Forward:
The market has a tonne of inflection points now so things should get interesting soon with our algos (Oil, Gold, Silver, US Dollar, VIX, SPY).
Announcements in Trading Room:
09:03 am Curtis M : Good Morning! $DRYS $EVOK $ESEA $DCIX $TIG $CANF $TOPS $EGLE $SINO $JBL $HZNP $RGLS $TXMD $OCLR $ITCI $GOGL $MU $PACB
Stock Chat-room Trading Transcript:
Miscellaneous chatter is removed.
09:24 am Curtis M : $TOPS $ESEA $SHIP $GLBS $EGLE $DRYS
09:26 am Curtis M : At the bell i will look at the momos for a trade and then move to our standard plays.
09:28 am Mathew Waterfall : Will likely be doing some selling here in the AM expecting chop/slide after lunch
09:29 am Cal O : $EVOK looks good for oprn
09:32 am Curtis M : OPEX day
09:34 am Mathew Waterfall : Out half $XOM next week 92.5c’s @.5 from yesterdays .28
09:34 am Mathew Waterfall : Keep other half into next week for almost free ride here
09:34 am Tyler H : $MTL short
09:36 am Jack D : Long $EVOK
09:37 am Curtis M : New 52wk Highs: $ADP $ALGN $AQXP $BRO $CDEV $FUN $ON $TRMB
09:39 am Jack D : Sold $EVOK win
09:43 am Curtis M : $USEG OFFERING
09:44 am Michael P : uck
09:44 am OILQ K : evok gonna go again HOD
09:47 am Curtis M : New 52wk Highs: $REN $SWM
09:48 am Mathew Waterfall : Watching $AKS. Will likely roll out on a bounce or sell what I have left of next weeks 11s
09:52 am Sammy T : $DVAX bull
09:54 am Curtis M : 52wk Highs: $NDSN
09:57 am gary y : $UWT hod
10:02 am Mathew Waterfall : Out other half on my $ON Jan 13 at .85 from .51. Still holding the rolled 14s. This was a larger position and wanted to pair some risk on this pop. Still believe it goes higher hense holding the 14
10:04 am Curtis M : I would look at $APVO over 3 for a scalp our a snap back
10:04 am Mathew Waterfall : $NUGT trying. Yesterday had big block at 6, if it can get over it may see some buying
10:06 am Ronny D : $DCIX!
10:11 am darni t : I took some $REN on ur alert curt
10:11 am Curtis M : nice
10:11 am Jack D : Like exxon play
10:13 am Mathew Waterfall : Me to! Easy to say after some quick profits but $XOM has been great around its supports. I think we see quick 92 shot today which will likely be my exit for the other half of my position
10:16 am Sammy T : OPEX boredom haha
10:16 am Sammy T : study time
10:16 am Curtis M : yes!
10:17 am Curtis M : Im watching important resistance on oil coming
10:19 am Curtis M : After oil I will go on to gold etc – but have to watch close here oil
10:35 am Mathew Waterfall : $AST HOD low vol but acting right
10:55 am Ronny D : I feel like were stalking lol
11:03 am Sandy S : $EOK going to run again
11:04 am Sandy S : $EVOK
11:04 am Sandy S : $XGTI news halt
11:05 am Curtis M : I think $XGTI is a TSLA contract
11:09 am Mathew Waterfall : Gonna take an early lunch aka breakfast on the west coast. Thought the quad witch would bring some more action this AM so looking for some in to the close
11:29 am OILQ K : another school session incredible lol
11:30 am phil d : what i cant figure out is how you learned all this
11:41 am OILK. K : stupd cool learning in here lately apprecate it
11:44 am Mathew Waterfall : Legging into $IWM next week 139c’s on this weakness. Small starter at .28. Will add if it can hold the 10 day on the daily
11:44 am Mathew Waterfall : Don’t want to see this under 134.92
11:57 am Rob D : Curt, is the NUGT (gold) trade gone?
11:57 am Mathew Waterfall : $XOM Dec23 93c’s at .15. Looking for a bounce here, concerning weakness on oil strength
12:10 pm Curtis M : Mat your mike vol may be low – it could just be me
12:11 pm Cal O : better
12:14 pm Mathew Waterfall : Sorry about that guys. Had to crank the mic level for some reason
12:22 pm Sandy S : was looking at miners too and didnt gp long
12:23 pm Mathew Waterfall : Second add on $XOM next week 93’s. Still a small position and will sit on these over the weekend. Lotto type place that will boom or bust but should get moving with oil here shortly. Might be held by by quad witch effect on overall market
12:25 pm OILK. K : just crank the volume Mat next time we can always turn down 🙂
12:28 pm Tyler H : Anybody looking at $XGTI?
12:30 pm Mathew Waterfall : Tried to buy puts on it earlier Tyler and it doesn’t have any options. That gap to the downside would have me nervous if going long
12:36 pm phil d : me too
12:41 pm Mathew Waterfall : $JWN post earnings dump. Looking at longer term calls. Have done well on this play in the past, plus just donated a chunk of money to them buying a suit so there’s got to be at least a few other suckers out there buying from them
12:44 pm Mathew Waterfall : Support around $50. Will add APR calls then if I take any
12:46 pm OILQ K : Love oleary call on DIS
12:46 pm Curtis M : oleary nut hahaha
12:55 pm Mathew Waterfall : Lots of action in $WFM here. Calls into Jan. I picked up a few Jan13 34’s to see what this is all about. In at .33. Playing for a take over rumor so small size
12:55 pm Curtis M : back for rig count oil looks weak intra strong mid range tho
12:56 pm Mathew Waterfall : Dollar coming off should help here as well
01:08 pm Mathew Waterfall : Feel like the market just wants to melt away premium today so I’m unlikely to barge into any more trades. Have my eye on a few if they set up right, but doubtful as of now
01:08 pm Curtis M : A lot of $JWN bears out there
01:08 pm Curtis M : y a mellow day
01:09 pm Mathew Waterfall : Easy to hate that stock and sector. Showing some bottoming interday but I still wouldn’t hit long quite yet
01:11 pm Curtis M : Im going to do some $STUDY but I’ll be here
01:12 pm Curtis M : Note to self: video on intra algo crossing lines day average
01:13 pm Tyler H : $DIS I agree with O leary
01:13 pm Sammy T : I watched that too – he had some good points actually.
01:17 pm Mathew Waterfall : /ES and $SPY LOD here. $IWM holding up but coming off as well. Not a good sign
01:24 pm Mathew Waterfall : I am opperating under the premise that pullbacks are too be bought, and the trend is our friend until in proves otherwise. It’s hard to get bearish quite yet though some consolidation between now and the new year is certainly a possibility
01:24 pm Mathew Waterfall : Trades do what works until it doesn’t and that set up has been working very well for me in the last couple of weeks sense the election
01:26 pm Curtis M : Ya the train isn’t off the tracks yet technically speaking
01:29 pm OILQ K : $EVOK n trouble
01:30 pm OILK. K : $EVOK wll getting shredded OILQ
01:31 pm Curtis M : U guys are awesome pair
01:32 pm darni t : $BREW looks god on the board and n about an hour
01:32 pm Sandy S : $EVOK dying
01:32 pm Jack D : $GNBC strong like bull and 52 wk high
01:35 pm Mathew Waterfall : Like that look in $BREW darni
01:36 pm Curtis M : I was looking at it to $BREW nice
01:36 pm Mathew Waterfall : $GNBC has been seeing a ton of chatter as well. Haven’t looked too closely but ibviously it has a lot of steam
01:40 pm Mathew Waterfall : $BREW NHOD. And I want a Kona brew. Thanks darni lol
01:41 pm Curtis M : Lol
01:42 pm Mathew Waterfall : $IWM nice wedge on the 10′ chart. A break to the upside would be lovely
01:42 pm Mathew Waterfall : MACD says we can do it
01:42 pm Curtis M : Oil getting there again
01:42 pm Curtis M : Back at critical resistance
01:48 pm Curtis M : Man would it just blow thru please lol
01:58 pm Curtis M : ok now please
01:58 pm OILQ K : lolz
01:58 pm Mathew Waterfall : Like this for confirmation $XOM 90 Calls BUYING Activity expiring on 20th Jan, Vol 11000
01:58 pm Curtis M : interesting
01:58 pm Mathew Waterfall : Might be a stock replacement purchase into end of year to hedge risk or something
01:59 pm Mathew Waterfall : That would replace 1,100,000 shares basically
02:00 pm Curtis M : Talking to a algo type guy respected that has a crazy bullish call on $FNMA fyi
02:01 pm Curtis M : My gut says oil goes very soon if not today soon
02:02 pm Tyler H : Maybe were just hungry:) $DIS is my focus right right now but oil looks good IMO
02:03 pm Mathew Waterfall : $DIS puts into next week IMO are the play here. I didn’t hear what Oleary said but that’s my read which I assume is basically what others are also thinking
02:04 pm Curtis M : Oleary was large on their content machine
02:06 pm Mathew Waterfall : O funny. Well the chart says double tops and over bought on the daily to me
02:07 pm Curtis M : ya that and other things are my challenge with it
02:08 pm Mathew Waterfall : They’ve also been getting slammed with the loss of ESPN subscribers. I’m not diving in to this much but the upside seems not so great here
02:10 pm Curtis M : Oil is coiling – technically bullish action
02:19 pm Mathew Waterfall : Selling $WFM Jan 34.5’s against my 34’s for .29. Original purchase of 34’s was 33 so I now have a .50 spread for .4 per contract. Will buy back the 34.5’s if appropriate. I do this on trades like this that I’m not super confident in
02:19 pm Mathew Waterfall : Max gain here is now .46 per contract with max loss then being .04 not .4. Sorry typo on that above
02:21 pm Mathew Waterfall : So that spread costs .04 and has.46 upside. Great r/r if $WFM can get going
02:25 pm Tyler H : eyes on crude 4 mins
02:26 pm Curtis M : coiling could be over soon lol
02:28 pm Mathew Waterfall : Now just give some mojo to my $XOM calls please. That would be great
02:28 pm Curtis M : 🙂
02:31 pm phil d : gotta ditch early GL! and thanks guys awesome!
02:31 pm Curtis M : thx phil
02:31 pm Mathew Waterfall : $SPY 60′ bombed out. Let’s see some rally here
02:31 pm Mathew Waterfall : Have a good weekend Phil
02:32 pm Tyler H : b nice to see crude hold this
02:35 pm Mathew Waterfall : Anyone play $QHC? NHOD thing looks like it wants to drift into the sky
02:36 pm OILK. K : Watching it thats all
02:36 pm Curtis M : I looked at it a couple days ago with hmm
02:36 pm Curtis M : Lots of bullish chatter
02:37 pm Curtis M : We’re letting 20 – 30 more n to this room Monday FYI and likely same week after – just wanted to get my groove
02:37 pm Mathew Waterfall : Working on it’s 8th green day in a row. Not too shabby
02:37 pm Tyler H : I kinda liked it cozy 🙂
02:38 pm Curtis M : Thats what your woman is for
02:38 pm Mathew Waterfall : lol
02:38 pm Curtis M : We’re here to kill and hunt and pound the table lol
02:40 pm gary y : curtis are you still in $JUNO, $CBMX?
02:41 pm Curtis M : hey gary yes
02:41 pm Curtis M : sorry i was daydreaming about the beach
02:42 pm Curtis M : I like $CBMX a lot mid term and $JUNO long term
02:42 pm Curtis M : My swing account has a lot of tolerence FYI – so careful with my swing plays
02:42 pm Curtis M : u in?
02:43 pm gary y : yeah but small
02:43 pm Curtis M : $CBMX is impresive
02:43 pm Curtis M : $JUNO is a big money magnet
02:44 pm Curtis M : but caution on both
02:44 pm Curtis M : I have an extremely aggressive trader bias to bullish side of market 2nd quarter next year and fwd
02:44 pm Curtis M : Q1 could be rocky
02:44 pm Mathew Waterfall : $JUNO’s daily today looks nice
02:45 pm gary y : nice yesterday too
02:45 pm Mathew Waterfall : I think we see all of the pent up selling released in Jan after people wait until we are into 17 and trumps new taxes
02:45 pm Mathew Waterfall : Jan 2016 round 2 is my thesis
02:45 pm Mathew Waterfall : Another reason I am keeping things smaller and tighter
02:46 pm Curtis M : TRUMP is going to change reality – we called every single step right from July dead on – I hate to nbe the bragger but people on average didn’t see what was coming and there is going to be a huge boom in economy by mid next year globally IMO
02:47 pm Curtis M : Trump and Putin and I believe YES China are going to get together and clean house – do some global sweeping
02:48 pm Curtis M : lol yes China
02:48 pm Curtis M : With Trump its all business – the deal
02:48 pm Curtis M : Ok I’ll stop but watch its coming
02:49 pm Curtis M : OIL!!!
02:49 pm Curtis M : Looking jiggy
02:49 pm Mathew Waterfall : I like your version of reality. I also like that the use of jiggy is catching on. We’re bringing it back!
02:49 pm Curtis M : lol
02:50 pm Curtis M : Ok last comment – Trump will run the world like a business – like a public company. That’s his plan. Ok done.
02:50 pm Mathew Waterfall : What I’m watching in $IWM http://tos.mx/ZiNawW
02:51 pm Mathew Waterfall : Looking for MACD cross over and 10/20 cross.
02:51 pm Curtis M : Nice – did Sartaj set you up to be able to screen share in here too? Or no?
02:51 pm Curtis M : That would be cool if not
02:51 pm Mathew Waterfall : Yea I can, didn’t want to take over the screen with the oil watch going on
02:52 pm Curtis M : Take it over any time – we’ll let you know
02:52 pm Mathew Waterfall : OK cool
02:52 pm Mathew Waterfall : If I have anything exciting I will lol
02:53 pm Sandy S : ya mat take over! i think curt wants to go to the beach – i read his biography on website today haha
02:53 pm Curtis M : 🙂
02:53 pm Curtis M : awesome action in oil
02:54 pm Curtis M : that intra day algo line I set up has been support and resistance all day
02:54 pm Curtis M : Thats a machine line not a traditional charting line
02:55 pm Curtis M : I set that up before the day got there – traditional charting cant do that
02:55 pm Curtis M : just though Id claridy
02:55 pm Curtis M : clarify
02:56 pm Curtis M : in fact I think I’ll take a quick screen shot
02:56 pm Curtis M : Ill do it on other monitor
02:57 pm OILK. K : Very excited to learn your toolkit Curt and Mats
02:57 pm OILK. K : Good combo
02:58 pm Curtis M : Algorithmic modeling is just using traditional charting in a different way – wth pure math
03:01 pm Curtis M : oh my USDJPY they’re back
03:01 pm Curtis M : USD/JPY that my friends is the Trump effect pure Trump they’re panicked
03:02 pm Curtis M : If USD/JPY gets gong agan and Gold loses its recent lows the basement it will fall in to is so extreme from a math perspective wow
03:02 pm Mathew Waterfall : Relentless with that thing. I have an interesting thesis on that and why we are leting it happen with regards to them being our largest dedt holder
03:03 pm Curtis M : for sure i already get it
03:03 pm Ronny D : You Guys are right
03:03 pm Ronny D : Its obvious
03:04 pm Ronny D : Media just doesn’t want to admit how wrong they were and this is an example
03:04 pm Ronny D : I’m long UWT too btw thanks Curtis for that!
03:06 pm Sandy S : I read through every call you guys have made just to be sure and every one has completed positive . Thought you guys might want to know that because I see the social things. They were not popular calls :):):)
03:06 pm Curtis M : Wow good group in here… hope we all bank hard next week.
03:07 pm Curtis M : Thats the market different views keeps it fun
03:09 pm phil d : $VALE has big blocks at play
03:09 pm phil d : I stayed
03:09 pm Mathew Waterfall : Next week should be fun
03:09 pm Curtis M : agree
03:14 pm Curtis M : $TXMD blocks too
03:22 pm Curtis M : well thats it for mee guys and gals! room open until 4:( have a great weekend and thanks for the kind words! best
03:23 pm Paul M : 🙂 cya
03:23 pm gary y : thanks curtis and mathew
03:23 pm Mathew Waterfall : Have a good weekend Curt.I’m also done trading for the day but will still be hanging out until 4 or so
03:23 pm Sammy T : Great week Curt thanks
03:24 pm Curtis M : u bet guys bye bye – bank hard next week
03:39 pm Mathew Waterfall : Alright shutting it down for the week. Sitting on the $XOM and the small position in $IWM through the weekend. Looking for a bounce early in the week next week as the market is now working off some of the overbought signals and consolidating a bit. Everyone loves a Christmas rally
03:39 pm phil d : bye mat!
03:39 pm Tyler H : later
03:40 pm darni t : Thanks Mathew
You can follow along with public calls our algorithms post on Twitter here:
The algorithm Twitter feeds can be found here: $WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index).
Article Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $EVOK, $CBMX, $JUNO, $UWT, $GLD $GDX $USOIL $WTIC $SPY $DXY $VIX $GDXJ $NUGT $DUST $JNUG $JDST $GC_F $USO $UCO $SCO $CL_F $UWT $DWT $ERX $ERY $GUSH $DRIP $SPY S&P 500