Compound Trading Monday April 10, 2017 Review of; Chat Room Stock Day Trading, Swing Trading, Algorithm Chart Trading and Live Stock Alerts. $PLUG, $CYTX – $STRP, $WTIC, $GLD, $GDX, $DXY – $DVN, $DUST, $ONTX, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI etc …
Intro:
Compound Trading is trading group involved with day trading, swing trading and algorithmic model chart trading.
Time stamped entries (in permanent archive) copied to this blog 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. At times guest traders and associate traders will screen share charting and/or voice broadcast.
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:
Most recent lead trader blogpost: When You Learn It – You Are Free (Part 1 of Freedom Traders). My Stock Trading Story.
https://twitter.com/CompoundTrading/status/848681468125745153
Trade risk management psychology and mechanics is a discipline itself. I am convinced a small study library could be filled on the topic.
— Melonopoly (@curtmelonopoly) April 1, 2017
If you missed it, here is the Previous Day Stock Trading Results:
https://twitter.com/CompoundTrading/status/850320579198668801
Today’s Premarket Trading Plan – Watchlist can be found here:
https://twitter.com/CompoundTrading/status/851417565377302528
Most recent Simple Swing Trade Charting
Most recent Swing Trading Newsletter:
https://twitter.com/CompoundTrading/status/851408768357335041
Review of Markets, Chat Room, Algorithm Charting, Trades and Alerts:
Nice to get positive feedback:) Keeps one motivated.
https://twitter.com/TradingInPearls/status/851710428266844160
Premarket watch-list for me was all about:
PreMarket Trading Plan Mon Apr 10 $CYTX, $GERN, $SPXS – $SPY, $DUST – $GLD, $GDX, $DWT – $USOIL, $WTIC #daytrading #chatroom
$CYTX Premarket up 32% on news.
$CYTX Premarket up 32% on news. pic.twitter.com/zA4oT0tyr2
— Melonopoly (@curtmelonopoly) April 10, 2017
$STRP premarket up 150% on AT&T buy-out for 95.63 share
$STRP premarket up 150% on AT&T buy-out for 95.63 share pic.twitter.com/MoP5iwEHOd
— Melonopoly (@curtmelonopoly) April 10, 2017
$STRP Premarket news
$STRP Premarket news https://t.co/H2ahqBHXF9
— Melonopoly (@curtmelonopoly) April 10, 2017
In play today in chat room and on markets:
Last week I was range bound to 1500.00 a day (really choppy) until Thursday got better around +2500.00 then Friday was flat and even took a small cut and Monday took a small razor cut at open and took a long position in $PLUG at EOD, Was looking at a long in $UUP (surrounding Yellen report) but didn’t, and I’m looking closely at an Oil and Gold / Miner’s short possibility. Swing trades are doing well of course because they are more consistently controlled (wider time frames with simple charting entries and exits do that).
Momentum plays on the day –
$STRP, $SITO, $LEDS, $CYTX, $SWFT, $AXON
In Play: $STRP, $GSAT, $TXMD, $GERN, $SWFT, $CYTX, $RCII, $AKRX High Uncertainty: $XCRA, $T, $DISH
In Play: $STRP, $GSAT, $TXMD, $GERN, $SWFT, $CYTX, $RCII, $AKRX High Uncertainty: $XCRA, $T, $DISH https://t.co/biura3xk6A
— Melonopoly (@curtmelonopoly) April 10, 2017
Carter Worth is lit tonight and makes a compelling case for $TSLA
Carter Worth is lit tonight and makes a compelling case for $TSLA pic.twitter.com/q6W3TRMiK5
— CNBC's Fast Money (@CNBCFastMoney) April 10, 2017
Trading Lessons, How-to and Educational:
If you can’t back a trade w/ tech set-up or at min fundamentals… then you deserve to take a loss. Like me w my one paper cut at open ha.
If you can't back a trade w/ tech set-up or at min fundamentals… then you deserve to take a loss. Like me w my one paper cut at open ha.
— Melonopoly (@curtmelonopoly) April 10, 2017
More
1/ $STUDY trading plan ex. that was sent in $CRME. Here’s what I think (and remember there’s all kinds of methods – mine are one of many).
1/ $STUDY trading plan ex. that was sent in $CRME. Here's what I think (and remember there's all kinds of methods – mine are one of many). pic.twitter.com/Xltw87YZfI
— Melonopoly (@curtmelonopoly) April 10, 2017
Stocks, ETN’s, ETF’s I am holding:
$DVN Opened long swing trade yesterday 42.62 Premarket 43.30 #swingtrading #Oil Link w chart indicators for those that asked in next post. pic.twitter.com/ASN6sGRiZ6
— Melonopoly (@curtmelonopoly) April 7, 2017
I am holding (in order of sizing – all moderately small size to micro sizing) – $DVN, $DUST, $PLUG, $ONTX, $XOM, $NE, $ASM, $SSH, $LGCY, $TRCH, $ESEA, $MGTI (this is the daytrading portfolio and does not represent swing trading service portfolio): Looking at moving out of all these small positions over the next month or so.
Note-able Momentum Stocks Today (via FinViz):
Ticker | Last | Change | Volume | Signal | |
STRP | 91.64 | 151.21% | 5459539 | Top Gainers | |
SITO | 3.12 | 47.87% | 1016379 | Top Gainers | |
LEDS | 4.33 | 30.03% | 346117 | Top Gainers | |
CYTX | 1.72 | 25.55% | 17617127 | Top Gainers | |
SWFT | 24.77 | 23.73% | 26262797 | Top Gainers | |
AXON | 18.54 | 22.54% | 4692028 | Top Gainers | |
STRP | 91.64 | 151.21% | 5459539 | New High | |
AKTX | 19.70 | 6.49% | 1918705 | New High | |
EVRI | 5.86 | 22.08% | 4371728 | New High | |
AXON | 18.54 | 22.54% | 4692028 | New High | |
STRP | 91.64 | 151.21% | 5459539 | Overbought | |
AKTX | 19.70 | 6.49% | 1918705 | Overbought | |
CYTX | 1.72 | 25.55% | 17617127 | Unusual Volume | |
FPP | 0.51 | 28.62% | 1034113 | Unusual Volume | |
XCRA | 9.63 | 7.00% | 8929133 | Unusual Volume | |
STRP | 91.64 | 151.21% | 5459539 | Unusual Volume | |
AMZN | 907.04 | 1.36% | 3178955 | Upgrades | |
CASI | 1.14 | 1.79% | 57296 | Earnings Before | |
PLSE | 21.55 | 7.32% | 379913 | Insider Buying |
The Market Outlook:
Why #Fed’s plan to shrink the balance sheet could trigger a global bond crash. https://www.bloomberg.com/news/articles/2017-04-09/a-foreign-threat-to-u-s-treasuries-that-dwarfs-fed-s-debt-hoard …
Why #Fed's plan to shrink the balance sheet could trigger a global bond crash. https://t.co/mHPRM1z9Mo pic.twitter.com/jIIDvheq8r
— Holger Zschaepitz (@Schuldensuehner) April 10, 2017
This Week
$JPM $C $WFC $FAST $DAL $TSM
Next Week | preview
M $NFLX
T $GS $BAC $ISRG
W $EBAY $BLK $CSX
T $MXIM $VZ $MAT $SHW
F $GE $HON $SLB
This Week$JPM $C $WFC $FAST $DAL $TSM
Next Week | preview
M $NFLX
T $GS $BAC $ISRG
W $EBAY $BLK $CSX
T $MXIM $VZ $MAT $SHW
F $GE $HON $SLB pic.twitter.com/HtjHi2L0dw— Tom Wrigley (@WrigleyTom) April 9, 2017
Fed. Unwinding 4.5 YUGE Ts #trillion What a tribe. https://t.co/nvyGQ40kKb
— Melonopoly (@curtmelonopoly) April 6, 2017
We have been warning folks (as a result of algorithm anomalies picked up) for sometime about significant resistance not far above in Oil and SPY so it will be interesting to see if we get through it. Here’s just some of the posts. The oil resistance cluster is much larger than the one identified on $SPY.
We notified members in most recent trading range over last week that our algorithm identified a divergence and to expect an interimn top.
— Freedom $SPY Algo (@FREEDOMtheAlgo) March 21, 2017
To be clear, our algorithm @FREEDOMtheAlgo alerted a $SPY anomaly recently. Which has us cautious until recent high taken out and confirmed.
— Melonopoly (@curtmelonopoly) April 3, 2017
I wouldn't get too excited long $SPY $ES_F $USOIL $WTI etc. until most recent highs are taken out and confirmed.
— Melonopoly (@curtmelonopoly) March 30, 2017
7 of… A break to upside of $SPY $WTI algo resistance would signal what can only be described as "unnatural" I suppose…
— Melonopoly (@curtmelonopoly) March 19, 2017
Algorithmic Chart Model Trading / News:
Midday Algorithm and Swing Reviews: $USOIL $GLD $GOLD $GDX $DXY $AKS $DVN $UUP: http://youtu.be/JfnwvcGbPXU?a #daytrading #swingtrading
Midday Algorithm and Swing Reviews: $USOIL $GLD $GOLD $GDX $DXY $AKS $DVN $UUP: https://t.co/LCLCUxIM4E #daytrading #swingtrading https://t.co/D7Lc0CYsdv
— Melonopoly (@curtmelonopoly) April 10, 2017
I have come to respect algorithmic chart modeling like a deep sea fishing vessel respects a weather forecast. #trading #charts #signals
I have come to respect algorithmic chart modeling like a deep sea fishing vessel respects a weather forecast. #trading #charts #signals
— Melonopoly (@curtmelonopoly) April 8, 2017
The Charting Algorithm Twitter feeds can be found here: $WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index).
Swing Trading Notes / News:
Simple swing charting that keeps me level when looking at the markets (see swing trade simple charting link above). Simple charting I find grounds you to simple trades which in turn keeps you profitable in toppy or sideways markets.
The Swing Trading Twitter feed is here: https://twitter.com/swingtrading_ct.
US Dollar $DXY $USDJPY $UUP & Currencies of Note:
See mid day review video above.
Gold $GLD $XAUUSD / Gold Miner’s $GDX:
{40 year} Gold Seasonality Chart. #Gold $GLD $SLV $GDX $GDXJ $NUGT $DUST #Silver https://t.co/bJnAoWCHPS
— Melonopoly (@curtmelonopoly) April 2, 2017
Silver $SLV:
NA
Crude Oil $USOIL $WTI:
The biggest engine of global #oil demand growth in 2016 (India) is slowing down in 2017 https://www.bloomberg.com/news/articles/2017-04-10/india-s-oil-demand-contracts-3rd-month-amid-demonetization-drag … #OOTT #OPEC #oil #shale
The biggest engine of global #oil demand growth in 2016 (India) is slowing down in 2017 https://t.co/87RPYQjKku #OOTT #OPEC #oil #shale pic.twitter.com/YdGmut4pU1
— Javier Blas (@JavierBlas) April 10, 2017
#Oil Watch: Brent (chart) and WTI have nearly recovered to the post #OPEC deal price range of Dec-Feb — #OOTT #shale
#Oil Watch: Brent (chart) and WTI have nearly recovered to the post #OPEC deal price range of Dec-Feb — #OOTT #shale pic.twitter.com/V7HjtUbq0r
— Javier Blas (@JavierBlas) April 10, 2017
Volatility $VIX:
Highest $Vix close of 2017 today. Only 2nd close above upper BB since the election (the other was 2/28; $SPX ATH on 3/1)
Highest $Vix close of 2017 today. Only 2nd close above upper BB since the election (the other was 2/28; $SPX ATH on 3/1)
— Urban Carmel (@ukarlewitz) April 10, 2017
$SPY S&P 500:
See warnings.
$NG_F Natural Gas:
NA
Live Trading Chat Room Video Raw Footage and Transcript:
Two Part video (Part 1 embed is below and go to Compound Trading Youtube channel for Part 2 of live feed from day and other charting from the day)
Compound Trading Stock Chat-room Transcript:
Please note: Miscellaneous chatter removed from transcript and some discussions I will add notes with information I’ve gleaned in discussions online with traders on DM etc also for further explanation (noted with *). Most days at 9:30 ET market open there is moderator live broadcast explaining trades and at times during the day there is also live broadcast market updates and trade set-up explanations (so you have to scroll through video feed to market open etc to catch live broadcast portions – in future we will note in in transcript when we are on the mic so viewers can correlate time with transcript with video feed when reviewing trades).
Note: We are testing a new trading room. This particular room does not list a time stamp with each chat entry – we are working on a fix.
lenny: $PLUG looks good on dips, Gold looks bad, Oil looks good, $CYTX for open
MarketMaven: morning len
Sammy T: $XGTI
Curt M: $STRP, $ENRJ, $CYTX morning gaps for open
Curt M: $RPRX Halt
Curt M: https://www.thestreet.com/story/14079870/1/at-amp-t-signs-deal-to-acquire-straight-path-communications.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
Curt M: AT&T (T) isn’t slowing down its acquisitions, having signed a deal with Straight Path Communications, (STRP) to purchase the communications asset company for $95.63 per share in an all stock merger.
Curt M: $RPRX Names Larry Dillaha Its Permanent Pres and CEO
MarketMaven: Short Week this week.
Flash G: A glass of scotch early.
Flash G: Buy-outs like 30 years ago in process
Curt M: On mic >>>>>>>> for open
MarketMaven: ss $AKRX
Sartaj: Are you speaking? Can’t hear you
Curt M: I am
Sartaj: Yes
Sartaj: Now it is working
Flash G: $TSLA my love.
Hedgehog Trader: $FCEL
Curt M: Long $CYTX 2.02 2000
Curt M: $CNAT 52 week high
Curt M: $TOPS tape string
Curt M: $CEI tape strong
MarketMaven: $TOPS rockin
Hedgehog Trader: lol amen
Curt M: $ENRJ +130% Halt
Curt M: $CYTX out 1.84 small loss to start week lol
Curt M: $SPX above 20 MA
Flash G: $MOMO strong
Hedgehog Trader: Curt, take a look at $FCEL
MarketMaven: $PLUG on the move
Flash G: $AMZN, $TSLA, $BABA swing trades in good shape.
lenny: $CYCC on da move
Flash G: hahaha
lenny: $ENRJ shorts have worked
Sartaj: Fighting over scraps
Curt M: That’s it for open. Doing scans and setting up for reviews to start around 11:30 EST. Run swing trade set ups between 11:30 – 1:00 PM EST today >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Carol B: Thanks Curt
lenny: $SLIO vol
Sammy T: Would short $TSLA here if it wasn’t Tesla
Flash G: $MOMO impressive
lenny: $HA curt
Curt M: $GLBS Halt – surprise surprise
Curt M: $NAKD vol
lenny: $SKLN HOD
Curt M: $GLBS watching for a 5.00 break off halt
Hedgehog Trader: wow nice
Curt M: As suspected it’s a shipper morning
Hedgehog Trader: fish and ships
Hedgehog Trader: watch $SINO shipper close to breaking above 50 dma
Flash G: $CAT strong too
Curt M: Full moon tonight?
Sartaj: Yes, reading charts is the new astrology
Hedgehog Trader: full moon tues
Hedgehog Trader: usually mkt weakness around it
Hedgehog Trader: trade nimbly
Curt M: off mic to prepare for review of swing charts at lunch>>>>>>>>>>>>>>>>>>>>
lenny: Cramer loves $TSLA
Flash G: $BABA may find residence in a new leg up
Curt M: Calls in solar…. $SPWR $FSLR etc
Hedgehog Trader: i hate when Cramer loves anything
Hedgehog Trader: Gartman-like powers
Curt M: So true Nich
Curt M: catch ya guys at lunch – not 11:30 it will be at 12:00 🙂
Hedgehog Trader: $URRE
Hedgehog Trader: WHEEE
Hedgehog Trader: $NAJK Curt
Hedgehog Trader: sorry
Hedgehog Trader: $NAK
Hedgehog Trader: my signals suggest to expect a new uptrend on $NAK here as i tweeted
Curt M: busting a gut watching this chat from tradingview
Curt M: 1 min to mid day review >>>>>>>>>>>>>>>>
Sartaj: Ready to receive
Curt M: On mic >>>>>>>>>>>>>>>>>>
Curt M: back in min
Leanne: Thanks Curtis
Curt M: Off mic >>>>>>>>>>>>>>>>>>>>>
Hedgehog Trader: nice, thanks Curt!
Curt M: np
Hedgehog Trader: weird move for $AKS
Curt M: 🙂
Tradergirl: Thanks Curt, very good stuff and spot-on imo.
Curt M: Well thanks 🙂
Carol B: Yepp:)
Curt M: Going to scan for afternoon plays. Catchya in a bit.
Flash G: $MOMO no stop just go
Sammy T: $CCCL shorts covering
Flash G: Senior bulls stepped in to $NFLX
Curt M: $CCJ break out
Sartaj: See everyone tomorrow
Sartaj: Will keep everyone in the loop for our new SMS alerts platform
Hedgehog Trader: nice recipe sharing on tradingview
Curt M: haha
Sammy T: $BLDP action
lenny: $AKTX squeeze
lenny: $CYCC on the move
Curt M: $PLUG 52 WK Highs
Curt M: $HOG chatter 73.00 BO
Flash G: Today is more about knowing when not to trade.
Flash G: $NVDS interesting strength in to close
MarketMaven: Granny on deck
Curt M: $PLUG HOD again
Curt M: Long $PLUG 2.456 5000
Curt M: Might get out of my $MGTI bag yet
MarketMaven: ha mee too
Curt M: Holding $PLUG overnight
Hedgehog Trader: PLUG is such a good stock Curt
Hedgehog Trader: especially now with AMZN stake
Hedgehog Trader: it’s greentech, which is a sector i see doing really well going forward
Hedgehog Trader: plus it has a great product that saves time and money
Flash G: $URRE looks good too
lenny: I’m in it Flash
Hedgehog Trader: $URG is another u stock that looks ready
shafique: good night
Curt M: cya shaf
Curt M: $LEDS strong close also
People respect achievement
People respect trying to achieve
People respect going for it but missingNo one respects not trying@EdLatimore
— Steve Burns (@SJosephBurns) April 9, 2017
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Article Topics: $PLUG, $CYTX – $STRP, $WTIC, $GLD, $GDX, $DXY – $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Compound Trading, Learning, How To, Trade, Trading, Educational, Lessons, Results, Wall Street, Stocks, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $GLD, $GDX, $USOIL, $WTIC, $USD/JPY, $SPY, $DXY, $VIX, $GC_F, $USO, $UCO, $SCO, $CL_F, S&P 500