Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Thursday Feb 2, 2017 $NAKD, $BNTC, $DFFN, $PULM, $UWT , $DUST, $JUNO, $CBMX, $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:
Trading Room News Memo – There is a new member memo out that updates our members on trading room news and upcoming events. It also discusses our upcoming announcement of weekly webinars for existing members that wish to use our work in a more in depth manner and prospective members that would like to understand more about what we do. These webinars will be weekly for all six algorithmic charting models, our swing trading service and our trade room – each being 30 minutes in length. You will find the memo here:
Compound Trading Stock Trading Room Member Memo Feb 3, 2017
Also, for those that have been asking about our systems… starting weekly webinar schedule to explain how our algorithmic modeling works.
— Melonopoly (@curtmelonopoly) February 3, 2017
Trading Room Transcripts and Post Market Trading Reports – Some members have asked about trading room transcript accessibility, we are currently interviewing providers and should have an announcement early next week. The post market trading result reports that we haven’t posted over the last few weeks we will catch up on this weekend and going forward will do our best to get them out daily, but I get it, the more convenient and timely the data is the better – so we’re working on that solution right now.
Overview Perspective & Review of Chat Room, Algo Calls, Trades and Alerts:
I took a trade in oil related on Thursday and it was a perfect entry – couldn’t have been better. My sell was close to the top of the intra-day range also. THE MISTAKE I MADE was not re-entering after oil washed out again because in overnight trade oil held up. My concern of course is that we are getting so close to significant resistance on the oil chart that I didn’t want to hold. Oh wait, I did take the second trade (timed right) but I cut it flat and didn’t hold. That’s what happened sorry bout that. Anyway, the initial trade I reviewed on Periscope while in progress. You can find it here:
Long Oil related trade on washout support. $USOIL $WTI $UWT Algo signals. https://t.co/1bDubjph3L
— Melonopoly (@curtmelonopoly) February 2, 2017
Also, I’m still on the wrong side of that Gold / Miners / Silver trade and I have absolutely no excuse because I knew months in advance the bottom call from Rosie the Gold Algo and SuperNova Silver Algo – and I even doubled down on $DUST the other day. HOWEVER, Gold does have two very significant hurdles coming overhead that have low probabilities of price action clearing – unless of course geopolitical reasons change that.
Biggest #trading regret: not listening to our algorithmic models – think I'm smarter. Would b ⤴100% in 2017 vs 20% ish. #humilityrequired
— Melonopoly (@curtmelonopoly) February 3, 2017
Momentum / Noteable Stocks Today:
Ticker | Last | Change | Volume | Signal | |
NAKD | 2.78 | 137.61% | 17191500 | Top Gainers | |
BNTC | 3.75 | 134.37% | 9886100 | Top Gainers | |
DFFN | 4.77 | 55.88% | 793500 | Top Gainers | |
PULM | 5.10 | 36.73% | 52421606 | Top Gainers | |
WINT | 1.69 | 27.07% | 933900 | Top Gainers | |
PZRX | 1.75 | 25.90% | 1033500 | Top Gainers | |
CALA | 8.45 | 21.58% | 1454600 | New High | |
BRKS | 20.36 | 15.09% | 3727600 | New High | |
IDXX | 139.07 | 13.25% | 2755300 | New High | |
AAMC | 80.49 | 23.83% | 13767 | New High | |
WOOF | 90.57 | -0.07% | 2473500 | Overbought | |
PAM | 49.07 | 3.22% | 753500 | Overbought | |
HSCZ | 26.00 | -0.12% | 213077 | Unusual Volume | |
NAKD | 2.78 | 137.61% | 17191500 | Unusual Volume | |
BNTC | 3.75 | 134.37% | 9886100 | Unusual Volume | |
SCIN | 16.16 | 2.34% | 188000 | Unusual Volume | |
ACIA | 57.34 | 4.29% | 2218400 | Upgrades | |
ADHD | 1.16 | -8.66% | 1370500 | Earnings Before | |
OPK | 8.51 | -1.39% | 2422054 | Insider Buying |
Holding:
I am holding $DUST, $JUNO, $CBMX, $TRCH, $LGCY after coming off those aftermarket earning scalps. $GOOGL I dumped when it dipped and $ROKA I sold the other day.
Looking Forward:
Everything is at decision time. US Dollar $DXY and $USDJPY at support decision, $GOLD $SILVER at decision support, $OIL at decision resistance, $VIX is almost dead, $SPY seems dead. Still playing morning momos and waiting for the current decisions to play out.
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:
Stock Chat-room Trading Transcript:
Miscellaneous chatter may be removed.
09:12 am Sash A : LULU got an upgrade
09:12 am Sash A : Urban Outfitters tanking
09:14 am Rome O : $ETRM pullback premarket
09:16 am emily m : Watching $AMD again was a good winner yesterday
09:23 am Mathew Waterfall : Will be looking for a way out of my $TLT calls expiring tomorrow early this AM on this gap up. May also trim a few $NUGT calls but want to see what kind of action we get in the dollar here. A retest of 99.82 wouldn’t be a shock
09:26 am Sash A : $SUNW on watch
09:30 am darnel p : L $XGTI
09:32 am Mathew Waterfall : $NUGT caalls .81 from .5. I’m going to exit at a double if we get there
09:33 am Mathew Waterfall : $SPY just entered my short area. Taking small $TVIX as a short here. Out of it clears HOD, $SPY that is
09:35 am Carol B : $NVCN rocking
09:35 am Mathew Waterfall : $FB lol
09:37 am Mathew Waterfall : Out $TLT calls expiring tomorrow. Still in the Mar 17 126’s of course
09:37 am Mathew Waterfall : Those were small loss but wanted to close them. Small position as well so not a big deal
09:39 am Stan T : $NVCN pylled back
09:40 am emily m : Want a pullback in $PULM here
09:41 am Curtis M : Pit close will be interesting today if Oil tradng up in here
09:43 am Curtis M : Looking at one more $DUST hit – likely not but watching
09:43 am Curtis M : $PULM nicewin guys
09:44 am BAxter A : I’m in $PULM on the PB
09:45 am Curtis M : Congrats!
09:45 am Stan T : I want to add but
09:47 am Kevin E : $IDXG getting jiggy
09:48 am Curtis M : wow
09:49 am Curtis M : $NAKD 53%
09:50 am Mathew Waterfall : Watching $UAA here. In with a break of yesterdays high
09:52 am Curtis M : $BNTC halt
09:58 am Rome O : Sold $PULM nice nice n
10:01 am Sash A : $BNTC 130%
10:07 am Mathew Waterfall : Raising stops on $PLG here. up 20 cents from 1.68 entry
10:08 am Curtis M : I can’t bring up $BNTC on this computer but I have t on my others and its off heavy anyway
10:08 am Curtis M : Tradingview doesn’t like it lol
10:17 am darnel p : $NAKD pulled back here at 50 day
10:26 am Stan T : Awesome day
10:32 am Ashton S : $APOP halt
10:35 am Mathew Waterfall : Stopped on that $ETRM play few cent loss. I’ll let Curt handle these momo’s lol
10:36 am Curtis M : Watching crude close on another monitor for possible long
10:44 am Curtis M : Crue may turn here
10:48 am Mathew Waterfall : Break time. Back in a few after scanning
10:48 am Curtis M : k
10:53 am Curtis M : Long $UWT
11:06 am Kevin E : haha just watched you video!
11:06 am Kevin E : nice play curt
11:06 am BAxter A : I followed lol
11:07 am OILQ K : ya me too
11:07 am OILQ K : OF COURSE!
11:19 am Mathew Waterfall : Back in action over here. Just sold some $OPXA 1.0666 from .95 entry last week
11:19 am Kevin E : action man lets get at it:)
11:20 am Deb E : Mat buys with 8 arms and sells with 8 legs
11:20 am Kevin E : ha
11:20 am OILK K : True
11:21 am OILK K : This play is going well thanks Curt!
11:21 am Curtis M : yeehaw
11:21 am Curtis M : resistance here tho
11:21 am Mathew Waterfall : I guess Im a spider then Deb?
11:22 am Curtis M : I was thiinking octo
11:22 am Kevin E : spider better
11:22 am Kevin E : crude getting through this curt?
11:22 am Mathew Waterfall : If we can trade legs for tentacles I’ll take octopus
11:23 am Curtis M : no idea
11:23 am Mathew Waterfall : I just don’t know what that means but I do leg into trades if that’s what you’re getting at lol
11:23 am BAxter A : This afternoon should be good
11:23 am Rome O : Oh ya
11:23 am Stan T : Oil will likely go here imo guys
11:23 am Stan T : I’m in
11:23 am Mathew Waterfall : $UAA getting some buys. Will add over yesterdays high, anotehr over Tiesday high
11:24 am Kevin E : $UAA nice
11:24 am Sash A : Here comes oil
11:24 am emily m : great play
11:24 am Mathew Waterfall : Leg one a bit earlier as I said on the Mic, legs 2/3 coming up. Won’t make it to 8 here though unless things get real weird
11:24 am OILQ K : $UAA has upside IMO also
11:25 am Curtis M : Careful with bottom side of that white triangle just saying
11:26 am Curtis M : Indicators look good tho
11:26 am Curtis M : wow power there
11:27 am Curtis M : Powered right in to it
11:27 am Curtis M : algo mania
11:28 am Curtis M : heres the test
11:30 am Mathew Waterfall : $JNUG small tester against LOD
11:33 am Mathew Waterfall : Trailer on that $JNUG. Was looking for gold to make a high over 1221. Out if gold turns down again here
11:35 am Curtis M : Toch RSI turning up on oil
11:35 am Curtis M : battleground
11:35 am Curtis M : Good buy spot on Gold chart long
11:36 am Mathew Waterfall : Lined up between usd/jpy and $GDX. Both went in favor of gold/miners up so I took it
11:36 am Mathew Waterfall : we’ll see
11:37 am Curtis M : Theres some decent sentiment in the news today on oil related so I’m hpoing for a break up in to new zone overhead
11:37 am Mathew Waterfall : You think this Iran action is going to drive prices up?
11:37 am Curtis M : My news feed vanished lol
11:38 am Curtis M : Its gone on my othe rmonitors too
11:39 am Curtis M : I’ll send u over some stuff
11:39 am Mathew Waterfall : Cool
11:48 am Mathew Waterfall : $UAA trying. Would love to seer/g on the day
11:49 am Kevin E : it should
11:49 am Mathew Waterfall : If not it’ll be a inside and down most likely on the daily which aint no good
11:53 am Mathew Waterfall : $GDX needs over that fib at 24.38 with some juice to get going here
11:54 am Curtis M : Getting up to the top of that quad we taled about a week or so ago
11:54 am Curtis M : 9 out of 10 times lol
11:55 am Mathew Waterfall : Im looking for at least a final push here. Gold is cooperating so far
12:00 pm Curtis M : sold
12:00 pm Curtis M : fark
12:01 pm Curtis M : Ill reenter if it goes
12:02 pm Mathew Waterfall : $UAA dip buy here. Through lows and yesterdays premarket lows and Im out
12:02 pm Mathew Waterfall : 10 OPEC members are forging ahead, implementing 83% of cuts, but Iran, Nigeria and Libya are dragging them backwards https://www.bloomberg.com/news/articles/2017-02-02/opec-cuts-oil-production-but-more-work-needed-to-fulfill-
12:03 pm Curtis M : interesting
12:03 pm Mathew Waterfall : Yea I thought so to. Nothing mindblowing but confirmation on both sides
12:04 pm Curtis M : I’ll renter if it gets in to that triangle
12:10 pm Kevin E : I holding $UWT
12:10 pm Kevin E : like the $UAA idea too
12:10 pm Cara R : We’re long $UAA from yeserday
12:11 pm Curtis M : rebooting a server f you guys get shut out or cant chat fyi
12:20 pm Mathew Waterfall : Out $JNUG 6-7 cent loss. Gold breaking to lows so I’ll sit and wait for now
12:27 pm Kevin E : $PULM 🙂 nice washout
12:34 pm Mathew Waterfall : $GDX/$JNUG/$NUGT relative strength on gold weakness. Lots of buying there
12:34 pm Mathew Waterfall : Dislocation can be a good thing when gold gets another pop
12:35 pm Mathew Waterfall : Also Q’s continued wekaness and $IWM still red. Keeping my eyes open here even as SPY fights for green again
12:37 pm John M : $RSX up Russa
12:38 pm John M : Also thinking $FB here maybe
12:40 pm Mathew Waterfall : Yepp $RSX and the ruble loved that news
12:58 pm John M : Spice in news re Iran
12:58 pm John M : Curts Twitter I seen it haha
12:58 pm Curtis M : yup
01:06 pm Curtis M : Long $UWT
01:18 pm Mathew Waterfall : Seeing some call flows into the oil and gas space. $XOM with some heaters
01:18 pm Curtis M : intereresting
01:19 pm Curtis M : was just chatting wth oil traders everyone very keen right now
01:19 pm Curtis M : polorized better descrp
01:19 pm Mathew Waterfall : A lot of people trying to catch the bottom and there’s lots of support right below in many of those names
01:30 pm Mathew Waterfall : Gold vertical. The metals and miners have been a tough trade today lots of washing machine actions up and down chop
01:32 pm Mathew Waterfall : Now seeing some bull bets in volitility products. This action gets me all excited we might have some action on the horizon!
01:39 pm Sash A : Hope afternoon session better than yesterday
01:40 pm Curtis M : We need volatility
01:40 pm Curtis M : sooooo bad
01:41 pm Curtis M : out flat
01:41 pm Curtis M : well paid the broker fees and 2 hotdogs
01:41 pm Curtis M : now it will go to the moon
01:44 pm Mathew Waterfall : Today is a bit of a snoozer after those gaps and early plays. Good day to practice pateince and discipline if nothing else
01:45 pm Curtis M : Just like when I was young and though with wrong head and got really bullish lol thats how I get with the market now that Im old – pent up is an understatement
01:45 pm Curtis M : when something goes the right way I will be leveraged ten houses deep
01:45 pm Curtis M : lol
01:46 pm Stan T : i feel ya
01:46 pm Curtis M : i have to get some scale lol size plz
01:46 pm Mathew Waterfall : I had a trader once tell me” The market doesn’t owe you anything, and you can’t make it pay you”. After reading Jessie Livermore’s book he basically ripped that off from him but that doesn’t make it any less true
01:46 pm John M : Its coming
01:47 pm Ashton S : true
01:47 pm Mathew Waterfall : I like to keep that in mind when I think I’m right and want the market to move how I think it should. It’s not my sandbox I’m just playing in it
01:48 pm Curtis M : jiggy
01:49 pm Curtis M : maybe my imagination but that $SPY chart is moderately bullish
01:52 pm Mathew Waterfall : Ticks are to the upside here so I wouldn’t disagree
01:54 pm Curtis M : $CBMX HOD
02:00 pm Curtis M : Add $CBMX
02:00 pm Curtis M : Swing from weeks ago
02:05 pm Mathew Waterfall : I got an alert on that at 3.65 and it was up 40 cents before I could even get an order in lol so I didn’t chase
02:06 pm Mathew Waterfall : It likes to popto 4 and settle back in the low 3’s so I’ll wait it out. One of these days it’ll run huge though IMO
02:07 pm Mathew Waterfall : $FB double top in progress. This is just liek $GOOGL last week
02:08 pm Mathew Waterfall : $CBMX 33k block 3.95
02:11 pm Mathew Waterfall : Smells like short cover at that speed but who knows
02:13 pm Curtis M : $TRIL HOD
02:17 pm Curtis M : $DRYS lift
02:18 pm Mathew Waterfall : Dollar almost made 99.82 target not backing off a bit. Still watching that as direction for almost everything else I’m doing
02:29 pm Mathew Waterfall : $TENX small bio entry at .85. Stop is all the way down at .4 for new lows so I’m giving this some rope
02:40 pm Mathew Waterfall : $TENX is a swing bottoming play for me as usual. It will run but probably not today
02:42 pm Stan T : Its like market shut off or something
02:43 pm John M : Yeah I have used the time for study might call it
02:43 pm John M : Amazon coming
02:43 pm Mathew Waterfall : These last couple weeks feel very strange to me. Like you said it seems like the market is off, and has felt like we were directionless a number of times
02:44 pm Curtis M : 10 4 to that
02:44 pm Mathew Waterfall : Maybe the algos aren’t running wild, or maybe people are quitely positioning for something, but it doesn’t make me want to jump into positions with both feet
02:45 pm Mathew Waterfall : Like it would in the week between christmas and new years, except for most of the month of January. Most moves shut down, just grinding around. Vix smashed. Odd to me and I can’t get a decent read
02:45 pm Curtis M : Its been 12 sessions – the only obvious plays I’ve missed related to the Gold bottom turn – have no excuse for that but everything else for 12 days tough most everythinh
02:45 pm Curtis M : ya
02:45 pm Stan T : so true
02:46 pm Mathew Waterfall : Dollar hit my level should come off here
02:47 pm Curtis M : SPY is fixed I dont know if it will ever drop again
02:48 pm Cara R : haha
02:48 pm Cara R : It can drop
02:49 pm Mathew Waterfall : In theory you’re not wrong, but in practice I’ll believe it when I see it
02:49 pm Mathew Waterfall : It almost feels like players are jumping ship before a big correction. That’s the only thing that can make sense here
02:52 pm trent p : odd
02:53 pm Curtis M : Crude near support but I’m not taking trade because of pit close
03:02 pm BAxter A : $NAKD all kinds of power hour action up down
03:02 pm Stan T : roulette
03:17 pm Flash G : GoPro mojo
03:17 pm Mathew Waterfall : $GPRO has earnings today I think after the bell
03:18 pm Flash G : yes
03:22 pm Rome O : thats it for more me – see ya fri i predict a big day after earnings
03:25 pm Mathew Waterfall : See ya Rome. Im done trading as well just watching from the sidelines here and letting positions work
03:52 pm Mathew Waterfall : $TWTR rumors spike. In some lotto’s for tomorrow to see if this gets weird over night
03:53 pm BAxter A : See ya in morn
03:53 pm Sash A : ya i guess its that time see yall
03:58 pm Mathew Waterfall : Night all, Im out of here. Currency watch will commence gain tonight though not expecting as big og moves across the board. Again watching credfit spreads to see if we get more tightening and see what the bonds have in store
03:59 pm Mathew Waterfall : New keyboard, same old typos lol
03:59 pm Curtis M : cya
03:59 pm Jack D : bye bye
04:00 pm darnel p : later
Be safe out there!
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Article Topics: $NAKD, $BNTC, $DFFN, $PULM, $UWT $DUST, $JUNO, $CBMX, $TRCH, $LGCY – $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Compound Trading, Trading 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