$TRCH, Stocks, Trading, Report

Post-Market Fri Jan 27 $GOOGL, $DUST, $JUNO, $CBMX, $ROKA, $TRCH, $LGCY

Share this:Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Friday Jan 27,

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Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Friday Jan 27, 2017 $GOOGL, $DUST, $JUNO, $CBMX, $ROKA, $TRCH, $LGCY – $SPY, $GLD, $GDX, $SLV, $USDJPY, $DXY, $USOIL, $WTIC, $VIX, $NG_F…

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.

EVERY CALL WE MAKE, EVERY PUBLIC INTERACTION, REPRESENTATION OF TRADE (ON EVERY VENUE) IS VIDEO RECORDED (TRADING ROOM), ON SOCIAL MEDIA OR ON BLOG / WEBSITE TIME-STAMPED FOR PERMANENT RECORD AND ABSOLUTE TRANSPARENCY. PLEASE ALSO REFER TO OUR PUBLIC DISCLOSURE https://compoundtrading.com/disclosure-disclaimer/ .

Notices:

Per Recent;

Promo Code Discounts are Ending: The 38.2% inaugural opening discounts end Jan 31, 2017 and we won’t be a promo driven type room – so if you’re thinking of jumping do it now. Also, the promo codes are technically all used up (we were only going to offer discount for first 200) so if you get an error message when typing in your promo code that’s on the website then let us know and a tech will sort it for you.

New Service Option: We now also offer a stand-alone trading room option (vs. bundle w/ trading room, premarket newsletter and alerts) at 59.00 /mth and w/ promo code is 1.22 per day (until end of Jan, 2017).

Overview Perspective & Review of Chat Room, Algo Calls, Trades and Alerts:

I am holding $GOOGL, $DUST, $JUNO, $CBMX, $ROKA, $TRCH, $LGCY after coming off those aftermarket earning scalps. All except $GOOGL are 1/5 – 1/10 size and $GOOGL is 1/4 size. 

I didn’t trade today because market was off some and there were a number of inflections with Gold, Silver, SPY, VIX was trampled, USD/JPY etc…. and no setups in momentum stocks. The momo stocks have been more like wack a moe the past week or so and really risky to catch moves – or they had major part of move in premarket or after close with earnings (which is how I ended up trading earnings this week). Many traders getting chopped up in morning gap and go plays.

Momentum / Noteable Stocks Today:

Ticker Last Change Volume Signal
PULM 3.37 51.80% 25994369 Top Gainers
LTRX 2.15 32.72% 2010138 Top Gainers
FAC 1.54 23.20% 386424 Top Gainers
LTRE 2.79 22.28% 12518 Top Gainers
TENX 2.16 19.34% 1814487 Top Gainers
GSAT 1.66 16.90% 18301463 Top Gainers
CLS 14.18 11.04% 2667134 New High
LRN 19.59 16.40% 1002142 New High
TWI 13.17 11.52% 1225419 New High
GHL 29.45 3.15% 783055 New High
RGSE 3.57 -4.06% 654772 Overbought
WOOF 90.77 -0.03% 2470070 Overbought
SGM 7.66 28.74% 7083802 Unusual Volume
ESES 1.35 66.67% 7148728 Unusual Volume
NOVN 4.86 -74.01% 7987722 Unusual Volume
XWEB 61.01 -0.46% 44000 Unusual Volume
AZPN 53.25 -5.06% 1631335 Upgrades
AAL 46.95 -5.32% 19319434 Earnings Before
PPBI 39.70 -0.87% 306752 Insider Buying
Ticker Last Change Volume Signal
NOVN 4.86 -74.01% 7987722 Top Losers
DRYS 1.99 -33.22% 28427214 Top Losers
ATHX 1.12 -26.32% 11246029 Top Losers
EEQ 20.37 -21.56% 1552722 Top Losers
EEP 21.33 -17.64% 8996335 Top Losers
KEYW 10.09 -16.54% 5411458 Top Losers
DRYS 1.99 -33.22% 28427214 New Low
ATHX 1.12 -26.32% 11246029 New Low
SHLD 7.42 -6.78% 2964602 New Low
MCZ 0.14 -9.48% 1628013 New Low
FFWM 14.41 0.00% 72410 Oversold
NOVN 4.86 -74.01% 7987722 Oversold
NOVN 4.86 -74.01% 7987722 Most Volatile
PULM 3.37 51.80% 25994369 Most Volatile
RAD 6.93 2.21% 85914371 Most Active
VPCO 0.00 42.86% 60243699 Most Active
CAFD 13.66 -7.39% 1217426 Downgrades
AMCC 8.45 0.00% 0 Earnings After
PPBI 39.70 -0.87% 306752 Insider Selling

Holding:

$GOOGL, $DUST, $JUNO, $CBMX, $ROKA, $TRCH, $LGCY

$TRCH, Stocks, Trading, Report

$TRCH Strong Close, Post Market Stock Trading Report

Looking Forward:

Our algorithmic charting has been really on, so as with previous, that helps. $VIX and $SPY we’re locking down more and more.

The market itself has a number of potential $VIX catalysts (as does big oil) this week so I will be watching closely.

The algorithm Twitter feeds can be found here: $WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index).

Announcements in Trading Room:

09:54 am Curtis M : $SPY on descending algo path watching for reversal. $USOIL atching rigs at 1, GOLD watching resistance. No momos today yet.

11:52 am Curtis M : Algos turned off in Oil … watching main support around 51.65, $USOIL, SILVER over 17.35 small long and over 17.86 I will hammer down, Gold main resistance at 1201.82, $GDX see post on Rosie Twitter feed re top of algo quad, $SPY 3 Decisions yet to play out

Stock Chat-room Trading Transcript:

Miscellaneous chatter may be removed.

09:23 am Mathew Waterfall : Woke up expecting weakness in the miners as I had an alert for 1180 gold on my phone. Looks like they may actually open up for a chance. Would be looking to go $JNUG or $NUGT around 22.9 $GDX level. Everything else Im holding
09:26 am Curtis M : Not excited about any momos
09:26 am Mathew Waterfall : Nope me neither. The whole week it seems like if you miss the gaps you miss the moves with a few exceptions
09:31 am Carol B : $MYOS
09:32 am Mathew Waterfall : $TLT Mar 17 126c’s for .4 this AM. Up and over my levels in a gap. Would be out if it slips past 119 on the downside on a closing basis
09:34 am Mathew Waterfall : $PULM rockings
09:37 am Sandra Q : In some $USO
09:39 am Lepki N : $PULM over 3 maybe or pullback
09:40 am Curtis M : yup
09:41 am Curtis M : Careful with $USO Sandra – getting tight
09:43 am Carol B : $HTBX action
09:44 am andrew l : Selling $BMY swing here
09:47 am Steve U : $HTBX start
09:48 am Flash G : $CAT decent actually here and $GOOGL likely off for a whle now but holding
09:49 am Curtis M : .
09:49 am Curtis M : Watching Gold resistance area today
09:49 am Curtis M : Watching crude for rigs at 1
09:50 am Mathew Waterfall : looks like the market wants a sell off here. Bradth, TICks trending down a bit
09:52 am OILK K : Out $INTC thanks Curt! from last night pow
09:53 am OILK K : Glad I’m not in $IDVN
09:56 am Mathew Waterfall : Covering some $GPS short here. Trade is taking time and effort away from others. Small win cover at 23.5 from 23.85 but nothing at all to beexcited about. If it pops I will reshort around yesterdays highs
10:00 am Mathew Waterfall : $IWM not looking so hot. Leading to the downside
10:00 am Cara R : Long $IBB
10:14 am Curtis M : $SPY holds 229.03 it could get lift
10:15 am Curtis M : Crude getting very close to a decision. Up or down next few days. It could continue sideways but ulikely
10:16 am Curtis M : Last algo line terminates Feb 2 so thats a huge sign of pop or drop
10:23 am Curtis M : Starting to lock in $SPY math finally lol
10:23 am Curtis M : Will take some time yet
10:24 am Scott K : Watching tyat close Curt
10:25 am Steve S : $NOVN back on hahahaha
10:30 am Curtis M : no fear at all yet – wierd thought there would be some at least
10:31 am Mathew Waterfall : Euphoric market. I cant spell it but I can call it
10:31 am Curtis M : lol
10:32 am Curtis M : Waiting for that big straight up spike and then bear raid – but who knows but would be nice for bank acount
10:33 am Mathew Waterfall : On the mic
10:33 am Curtis M : k
10:33 am Scott K : hey mat
10:38 am Curtis M : good point mat
10:38 am Lui S : yip
10:39 am gurpreet s : silver moving good timing
10:41 am Curtis M : Thanks Mathew – wisdom in there
10:41 am Mathew Waterfall : Hopefully a couple nuggets in my ramblings
10:41 am Mathew Waterfall : I’m watching $HTBX. should get some momo over highs
10:42 am Curtis M : oh ya
10:42 am Curtis M : your nuggets i am refering to
10:42 am Curtis M : $HTBX I’ve trade lots in past – its not the easiest but up overall on it
10:43 am Mathew Waterfall : thanks. What’s great about a room like this is we all have insight and wisdom to offer. Great learning environment for me I’ll say that much
10:43 am Curtis M : Me too
10:44 am Scott K : yes sirs!!!
10:44 am gurpreet s : some dumbness on twitter and stocktwits
10:44 am gary y : agreed
10:44 am Curtis M : thanks guys
10:44 am Curtis M : gals lol
10:45 am Curtis M : some day i will remember to turn on that video
10:47 am Curtis M : interesting $TRCH
10:47 am Roger S : I have to say that Mathew and Curtis I like the no bullcrap straight out
10:48 am Roger S : And the algos are getting really spooky hahahaha precise!!! Right Wei?
10:48 am Roger S : spooky thats funny
10:48 am Curtis M : $TRCH may go today a bit… may
10:49 am Curtis M : here comes gold
10:52 am Curtis M : $GDX never did get to top of that Quadrant – wierd it may yet
10:52 am Mathew Waterfall : I would give me 2 cents on $GDX but you already know what I think lol
10:53 am Curtis M : It may hit it on Feb 1…. off chance… thats Wed I think
10:54 am Mathew Waterfall : That would be nice. FOMC next week I believe right?
10:54 am Curtis M : Feb 1 around 4 pm
10:55 am Mathew Waterfall : That would be hilarious, FOMC is 1/31-2/1 and they release at 2pmtypically
10:55 am Mathew Waterfall : Right before would be awesome
10:55 am Mathew Waterfall : Quick break for me. Back in a few. I would say IM gonna scan which I will but not expecting to find much
11:01 am Curtis M : $GDX FEb 1 4 PM 24.97, Feb 7 12:00 24.63, Feb 13 24.26 1:00 PM are the 3 upside probabilities most likely
11:01 am Curtis M : That is if it is ascending
11:02 am Curtis M : Price hits top of quad 9 out of 10 times tho fyi
11:22 am Mathew Waterfall : Whatever silver had for breakfast, I want so of that!
11:23 am Curtis M : ha ya
11:23 am Curtis M : it gets up over 17.35 and holds it could be interesting
11:24 am Mathew Waterfall : I’ve had 17.3 on my charts for a while as well. For me next stop would likely be 18
11:24 am Mathew Waterfall : I called $SLW a mid 20’s stock by next week so for my own sake I hope Im right
11:24 am Mathew Waterfall : $HTBX also making highs FYI. I took a small order at 1.05 for a tester
11:25 am Curtis M : up over that area held is an anomoly so it could go if it does just saying…. I’d likely go in heavy myself – but it would have to hold 17.35 ish
11:25 am Mathew Waterfall : Agreed
11:26 am Curtis M : algos are still in oil
11:27 am Curtis M : thought they may back off with action in gold silver and spy
11:31 am Mathew Waterfall : $VIX. Single digit close before the correction?
11:31 am Curtis M : lol
11:31 am Mathew Waterfall : Seems to be no fear in this market which makes me nervous. Lowest close back to 2014 was 10.28
11:31 am Mathew Waterfall : Could take that out today
11:33 am Curtis M : Actually 17.86 held is my hammer down long Silver point… 17.35 I’d likely only take a 1/10 size or 1/5 at most then hammer at 17..86
11:33 am Mathew Waterfall : Looks like thats actually the lowest close in the last 10 years basically with a couple 9 handles in 07
11:33 am Curtis M : y alol
11:34 am Curtis M : Trump factor
11:34 am Mathew Waterfall : I would expect some selling in the miners here but silver IMO is on its way
11:34 am Curtis M : Trump factor should work both ways through his time tho
11:35 am Curtis M : theres your tell on algos n oil
11:37 am Curtis M : Oil support at 51.62 $USOIL
11:37 am Curtis M : Main support that is
11:37 am Mathew Waterfall : I’ve been stearing clear of oil as of late. Tough to get a read there for me
11:38 am Curtis M : That ol support puts Silver at right near 17.83 FYI
11:39 am Curtis M : And it puts Gold near that main resistance red arrow at 1201.64
11:39 am Mathew Waterfall : And there’s our miners selling right on the back of a USD ramp
11:39 am Mathew Waterfall : I’m getting my timing down with those calls lol
11:41 am Curtis M : $SPY stalled at resistance
11:48 am Mathew Waterfall : $GV for a swing along with gold. I was wrong about this earlier in the week about buying the breakout so I have been looking for a pullback. Stop under todays LOD
11:49 am Mathew Waterfall : This is a small starter. Will be looking to add either direction most likely
11:52 am Mathew Waterfall : I expect the dollar to cool a bit here. Running into down trend and neckline. close under 100.49 preferable
11:54 am Curtis M : Distance between 1190.20 and 1201.64 in Gold tough area to trade
12:09 pm Curtis M : taking a break before 1pm rigs and afternoon session back at 12:40 EST at latest
12:09 pm Mathew Waterfall : 10-4. $HTBX still running nHOD
12:16 pm Curtis M : were crashing may have to reboot
12:29 pm Curtis M : Gonna make a pot of coffee back in 15
12:50 pm Mathew Waterfall : $VIX products tempting me here. Historically VIX doesn’t stay this low for long though the leveraged VIX stuff can wear you down in roll fees.
12:50 pm Roger S : me too
12:52 pm Curtis M : Rigs on deck
12:57 pm Curtis M : Breadth not the best on $SPY but be careful
12:58 pm Curtis M : Theres a bear on Twitter calling for lower oil to 38 through this whole uptrend and well ya its 53 ish
12:58 pm Mathew Waterfall : Very similar to yesterday so far. Not much moving the market here
12:59 pm Mathew Waterfall : lol I love those people. At least they stick to their guns albeit the wrong guns lol
12:59 pm Curtis M : lol
12:59 pm Curtis M : rather be right than make money
12:59 pm Mathew Waterfall : I like be right but my mortgage company doesn’t accept that every month which is weird…
01:00 pm Mathew Waterfall : *to be
01:00 pm Curtis M : haha
01:00 pm Mathew Waterfall : +15 rihs. not much movement
01:01 pm Mathew Waterfall : *rigs. Jesus I can’t type
01:01 pm Curtis M : ya Fris quiet with rigs wanted to watch just in case
01:01 pm Mathew Waterfall : Sitting right on the 10 day on the 5′ chart
01:02 pm Curtis M : we get past pit close and market could get lift fyi and Trump on TV soon I think?
01:02 pm Scott K : he was supposed to be yes
01:02 pm Mathew Waterfall : Probably to talk more about Mexico
01:02 pm Scott K : with Theresa May
01:03 pm Mathew Waterfall : Breaking down the $VIX chart. Looks like ref low of 10.28 and I have a downtrend right under 20. 3/4 recent pops have made it to the trendline
01:07 pm Curtis M : Bear going off on Twitter 1200 Gold – the number is 1202.42 don’t listen
01:08 pm Curtis M : Red arrow is the mark on Gold
01:10 pm Curtis M : Gold is in a downtrend. That can’t be argued. Simple price action charting. Until that red arrow breached and tested Gold is not in reverse trend.
01:11 pm Curtis M : And even then it has to prove out other resistance areas. Gold could hit that red arrow and vsit 900 easy.
01:11 pm Curtis M : Not saying it will o wont but you dont bank guesing.
01:12 pm Mathew Waterfall : I think we are reading this a bit different. I agree with you, but we did get a successful break and backtest of the 23.6 at 11.84 which tells me we go 1221 unless we break under 1184.1 again
01:12 pm Curtis M : Between the blue arrow and the red arow it is anybody’s guess.
01:13 pm Mathew Waterfall : That’s how I’m reading it and why I don’t mind playing this mid level because my stop is fairly close
01:15 pm Mathew Waterfall : That’s the thing about charts though, you can often twist them to say what you want which makes trading without a bias very hard. My Macro view of lower dollar is also leading me here. We’ll see if I’m right
01:15 pm Curtis M : Gold got a bounce but it hasn;t reversed trend – depends on timeframe I suppose – but I’m talking about wide frame trend. Sure, it bounced from lows but not a trend reversal. And yes all on timeframe bbut the young traders don’t get the frames they get chopped. And big money in trend reversal hammer time lol
01:16 pm Curtis M : I’ve had sooooo many conversations with newer traders in latest Gold trade that have been killed cause they listened to wrong stuff – Mat you can trade it – many peeps can’t they haven’t got the skillset yet
01:17 pm Curtis M : here comes its test lol
01:17 pm Mathew Waterfall : To me it goes back to trading your play and having discipline. If this thing folds on me I’m out and not going to be blinded by my hopes and dreams of 1300 gold right around the corner. You also have to be quick to take profits
01:18 pm Curtis M : ya many new traders just haven’t got the toolkit yet to do what you can do or see what you can see
01:19 pm Curtis M : you should see the questions I get
01:19 pm Mathew Waterfall : Which IMO is compounded when you’re using levered ETFs too frequently. I like them, but to load up on them like some newer traders do is very risky
01:19 pm Curtis M : yup
01:20 pm Curtis M : So here lol heres my timeframe for downtrend
01:21 pm Curtis M : lol
01:22 pm Curtis M : For a trend reversal I need 1220 plus
01:22 pm Mathew Waterfall : 1221 and 1223 bit levels for me. Obvious when we look back at this week and we couldn’t even crack 1219
01:22 pm Mathew Waterfall : Also FYI I chart using /GC so my levels are often a point or 2 higher than your GOLD chart
01:23 pm Curtis M : Ya
01:23 pm Curtis M : Other thing is at levels it got to it should have continued and didn’t whch was wierd
01:24 pm Curtis M : Above 1210 ish it should have held and didn’t
01:24 pm Curtis M : odd
01:24 pm Mathew Waterfall : Had more to do with the dollar there I think
01:25 pm Curtis M : ya that part the roaring bear has right
01:25 pm Curtis M : lol
01:25 pm Curtis M : talking about twitter
01:25 pm Mathew Waterfall : Seriously. Just like me he has some nuggets in there but also some crazy talk
01:25 pm Curtis M : haha
01:26 pm Curtis M : normally, over that blue lne on that chart the price would have held
01:26 pm Curtis M : just talking probabilities
01:26 pm Curtis M : based on backtesting 5 years
01:27 pm Mathew Waterfall : Huge up day for dollar yesterday. I still have the dollar in a H&S pattern though Im following that until it breaks
01:27 pm Curtis M : Its almost like Trump and Japan are n on it together to keep Gold down
01:28 pm Curtis M : its very odd
01:32 pm Steve S : way i see it guys is the bear haha is going off about gold and silver up this year but not up since summer last year way way lower and can always go lower too so ya my opinion
01:32 pm Steve S : so I trade price and trend
01:34 pm Caide X : Curtis – last fall you were saying lower and stayed with that and we’re lower and now if I understand you are saying let it decide – or prove a reversal or continuation correct?
01:35 pm Curtis M : good way to put it yes correct
01:35 pm Caide X : 🙂
01:36 pm Curtis M : This move today in Silver is an anomoly FYI but it needs 17.86 and higher held to be a reversal n our modeling
01:36 pm Caide X : Yes, I got that too thanks.
01:37 pm Curtis M : But Caide that means I will miss some of the start of every move too.
01:37 pm Caide X : Right.
01:38 pm Caide X : For example then, with Gold, when is the downtrend re-confirmed?
01:41 pm Mathew Waterfall : wow just saw a chart on bloomberg of SPX/VIX at the widest split ever. Crazy
01:41 pm Curtis M : yup
01:41 pm Mathew Waterfall : People say bull markets end on euphoria and people aren’t euphoric yet. I would say that might be changing if no one is worried about the downside
01:42 pm Curtis M : theres gong to be a lot of first 🙂
01:43 pm Curtis M : Caide you watchin?
01:44 pm Caide X : were all watching – ready
01:44 pm Curtis M : In our modeling heres a trend
01:45 pm Curtis M : And here is a reversal that failed
01:45 pm Curtis M : July 4 or so last year
01:46 pm Curtis M : So when we published targets at 1163 and possibility for lower we knew there was a revrsal coming because of anomolies in trade
01:47 pm Curtis M : In that red cricle there were things hapening in trading that didn’t happen before so we knew reversal was going to fail
01:48 pm Curtis M : Then wwhen it hit 1163 we said there was a 90% chance it would continue to bottom of quadrant and it did
01:49 pm Caide X : So where does it completely prove itself as an uptrend?
01:49 pm Curtis M : Its stages of decisions as it goes
01:51 pm Curtis M : wide view it needs approx 1215 then 1250 then and so on1374 and gone but chances are very slim until things change (but I’ve given more precise targets too you can look at in our notes etc but I think you get idea
01:51 pm Curtis M : So downtrend is…
01:52 pm Curtis M : Show me 1124 or lower first then…
01:52 pm Curtis M : then evry step down needs to be lower to kep a trend
01:52 pm Curtis M : basic lol I know
01:53 pm Caide X : I get it
01:53 pm Caide X : So make the decisions based on lower frames like in your newsletters and stay with trend while it confirms along the way, correct?
01:53 pm Curtis M : YES!
01:54 pm Curtis M : amen lol
01:54 pm Caide X : Thats what Fibonacci Queen always says. Decision to decision and confirm.
01:54 pm Mathew Waterfall : Winner winner on that caide
01:55 pm Curtis M : ya she’s awesome
01:55 pm Curtis M : Price Trigger Trade
01:55 pm Caide X : Thanks Mathew
01:56 pm Curtis M : The triggers are what I’ publishing and I’ll walk you along decision by decision in newsletters as trend moves
01:56 pm Curtis M : Like with oil, you know the very specific decisions.
01:56 pm Curtis M : Yellow line at top resistance and that blue trendline at bottom support per newsletter
01:56 pm Caide X : Right
01:57 pm Curtis M : So thats why Silver needs 17.86
01:57 pm Curtis M : Gold needs 1202.48
01:58 pm Curtis M : For longs… and when you enter if it fails you have stops
01:58 pm Caide X : Got it thanks
01:58 pm Curtis M : No Prob webinars coming
02:01 pm Curtis M : If you got a long on Gold at 1202 ish you could likely run it to 1300 without a worry just rathceting stops as you go
02:01 pm Curtis M : ish
02:01 pm Curtis M : decision to decision
02:01 pm Curtis M : here coms test again
02:09 pm Mathew Waterfall : $SSRI hit the volume scanner so silver miners seeing some nice flows here
02:09 pm Mathew Waterfall : They frontran the move a bit last week into this weeks pop and drop
02:10 pm Curtis M : getting jiggy
02:12 pm Jon R : $JUNO jiggy Curt
02:12 pm Curtis M : thx
02:14 pm Wie W : Bear on Twitter losing his mind in case you care.
02:15 pm Curtis M : haha I would be frustrated to
02:15 pm Curtis M : Gold looking bullish intra tho
02:15 pm Mathew Waterfall : I wonder how some of these guys make money. It sounds like some of them run funds and I believe they have something to do with managed money as they discuss in depth issues at times, but seeing P?L sheets would be funny
02:16 pm Curtis M : ya…. you and I will talk soon, we have insight
02:16 pm Curtis M : later date soon
02:17 pm Curtis M : could pop here tho lol
02:18 pm Deni T : $URRE guys pop
02:18 pm Mathew Waterfall : Seeing some nice QQQ call buying today. Only real big orders on the indexes overall
02:18 pm Curtis M : Qs have the big boys in now
02:18 pm Mathew Waterfall : yepp and rolling into more earnings next week
02:20 pm Mathew Waterfall : Bonds grinding nicely here to. Would love for $TLT to get going for me
02:25 pm Curtis M : $TRCH strong price considering indicators aren’t revving
02:25 pm Curtis M : Very bullish
02:28 pm Curtis M : OIl!
02:28 pm Curtis M : oily!
02:28 pm Curtis M : pit close
02:31 pm Curtis M : That was actually a positve pit close considering
02:32 pm Mathew Waterfall : Yepp kind of a surprise. Still seems stuck in that chop though. OIL that is
02:32 pm Mathew Waterfall : Well same could be said for most of the market
02:32 pm Curtis M : oh ya it is but time cycles coming to end soon so thought we may see panic…. interesting cause oil has a mjor major resistance overhead
02:33 pm Curtis M : interetsing times
02:33 pm Curtis M : but its in sideways till it isn’t lol
02:33 pm Curtis M : $TRCH may pop
02:33 pm Mathew Waterfall : Yepp let that one show its hand before I jump in
02:33 pm Curtis M : yup
02:34 pm Curtis M : good way to put it – I think I’ll steal that if I may lol
02:34 pm Mathew Waterfall : Sure thing
02:37 pm Curtis M : $TRCH jiggy
02:37 pm Curtis M : Gary you’ll have to look at chat logs when publishd lots of info – just notced you’ve been in and out today is all. Just a heads up. Lots of data n chat.
02:38 pm Curtis M : If you’re holding $TCH anyone you may want to consider selling
02:38 pm Curtis M : I’m not tho not right this minute
02:38 pm gary y : will do
02:39 pm Mathew Waterfall : Over that high looks decent to me, indicators are turning favorable
02:39 pm Mathew Waterfall : Thought Friday afternoon on a boring day might not lead to much volume here
02:39 pm Curtis M : It;s a permian play
02:39 pm Curtis M : I have a 2.80 target but u never know
02:39 pm Curtis M : 2.80 – 4.20
02:40 pm Mathew Waterfall : The Trump factor will have to cooperate
02:40 pm Curtis M : yup
02:49 pm Curtis M : Well this is interesting…. Silver at decision, Gold at decision, SPY well you know, Crude coming up on decison and market momos bla…. I have seen this before – I’m old – and my guess because end of month end of Tuesday we have a barn burner Mon and Tues up or down likely up bullish – just my guess.
02:50 pm Mathew Waterfall : Or as I would say: Them dice is hot!
02:51 pm Curtis M : lol gambler Mathew – like my wife the poker player
02:51 pm Mathew Waterfall : I actually hate gambling and casinos
02:51 pm Mathew Waterfall : Not for me
02:52 pm Curtis M : I quit I was a bacarrat guy… done
02:54 pm Mathew Waterfall : Seems like I hear that story often. I just don’t enjoy it and can understand both the entertainment and skill sides to the games just not my cup of tea
02:55 pm Curtis M : No skill in bacarrat just balls of steel and stupidity and drinking stuff like that at least poker has skill involved lol
02:56 pm Mathew Waterfall : haha I’ve never even played that game I know the basics and that’s about it
02:57 pm Curtis M : here it comes
02:58 pm Mathew Waterfall : Just like last friday except we were looking for 1210+. I’ll take 1200 lol
02:58 pm Curtis M : It may pop decet here
03:03 pm Steve S : Curt I don’t know what t o do $TRCH is my play this week!!! Sell?
03:04 pm Curtis M : Can’t tell you what to do
03:04 pm Curtis M : I’m holding but its a small play for my portfolio
03:05 pm Cara R : I’ll tell you what to do Steve!
03:05 pm Cara R : Curt always wins bahahaha
03:05 pm Curtis M : omg
03:07 pm Steve S : I have seen him loose but small. Always small. I think its a good story $TRCH and Mathew is right its all about Trump.
03:07 pm Curtis M : Of course I lose:)
03:08 pm Curtis M : Would like 1 play here
03:08 pm Curtis M : Buy momma a new dress
03:13 pm Curtis M : $LGCY strong too fyi
03:19 pm Mathew Waterfall : Daily volume on /ES is pitiful. I’m not playing anything this afternoon don’t want to get trapped
03:24 pm Curtis M : ya its beer timme but i’ll be here in office and close down at 4
03:24 pm Mathew Waterfall : interesting flows taken from twitter
03:24 pm Mathew Waterfall : This wk: -$5.7b outflow from domestic equity MF and ETFs. Last 7 wks = -$7.0b out+$2.8b inflow to taxable bond funds. Last 6 wks = +$0.9b
03:25 pm Mathew Waterfall : Seems to me smart money is moving into bonds a bit out out of equities
03:33 pm Curtis M : Well Mat – Gold up or down Sunday night?
03:34 pm Mathew Waterfall : Let me warm up the crystal ball one sec
03:34 pm Mathew Waterfall : Up on USD weakness
03:34 pm Curtis M : I need a good week next week or I will snap fyi – need some action and I know I’m not the only one lol so it’s gonna get jiggy.
03:34 pm Curtis M : I see horns on that $TRCH chart
03:34 pm Mathew Waterfall : Monday sees similar action today before more weakness overall thanks to a VIX spike that finally happens
03:35 pm Mathew Waterfall : Many things are looking week and or double toppy
03:35 pm Curtis M : interesting well give me up or down plz thanks Mat
03:35 pm Mathew Waterfall : Market needs a small correction to draw in new money. I say downside liquidation break into mid week with FOMC on deck
03:36 pm Mathew Waterfall : Gold up but not much. Holding anything now hoping for huge gap on Monday unlikely
03:37 pm Mathew Waterfall : Watching USD close into the close. Under 100.49 and I will get more bullish metals over the weekend. I do like VIX products here though
03:38 pm Mathew Waterfall : That’s my crystal ball. $TLT 121 by next friday, gold sees 1220 test, and silver gets to 17.5 before floating around. All of this is assuming no rate hike next week. Those are my calls
03:40 pm Curtis M : 🙂
03:40 pm Curtis M : Sound reasonable.
03:40 pm Mathew Waterfall : I echo your statement in needing a good week. This week was boring and hard to make much $$$
03:41 pm Curtis M : very tough
03:41 pm Curtis M : last 8 market days
03:41 pm Curtis M : maybe 7 lost track
03:42 pm Mathew Waterfall : Yepp chop city with no volume. That is what is making me very suspicious of what’s going on under the hood here. Kind of feels like some players are unloading quietly. I have seen some big dark pool prints and not a lot of conviction in the call buying as well. Clues possibly
03:42 pm Mathew Waterfall : Not that large money is always right, but they have the good info more often than not
03:43 pm Curtis M : ya
03:44 pm Curtis M : I’m being overly optomistic – my thesis is generally that guys like us are like wtf can we just get on wth some action lol
03:45 pm Mathew Waterfall : Exactly. I don’t care what direction we go, I just want to go somewhere. I have no interest in calling turns or tops/bottoms. I just want a trend to play
03:45 pm Mathew Waterfall : top calling is futile and will leave you broke more often than not
03:46 pm Curtis M : I see Silver bulls on Twitter
03:54 pm Mathew Waterfall : MOC useless today as well
03:55 pm Mathew Waterfall : Have a good weekend all. I’m out of here shortly. Basically a sideways week for me. Small gains but nothing to write home about. Hopefully we get some volatility sooner or later or I’m going to have to take up wood carving to have something to do
03:55 pm Curtis M : You too Mathew thanks enjoy!
03:55 pm Lui S : Ya thanks guys!
03:55 pm Deni T : Peace Mat!
03:56 pm Caide X : $RGSE guaranteed dead dog
03:59 pm Curtis M : $TRCH nice close
04:00 pm Curtis M : Cya guys and gals enjoy your time down!
04:01 pm Steve S : bye
04:01 pm Steve S : thanks curt

Be safe out there!

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