Review of Compound Trading Chat Room Stock Trading, Algorithm Stock Charting Calls and Alerts for Thursday Feb 23, 2017; $NE, $PTX, $NAK, $CIM, $CBMX, $OWCP, $THCT, $CNBX – $DUST, $ASM, $SSH, $VRX, $JUNO, $TRCH, $LGCY etc …
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:
We are working on a series of videos that include trades from week of Feb 20 – 24 and various educational topics that we expected to complete weekend of 25 – 27th but it seems it will take a few more days.
Overview Perspective & Review of Markets, Chat Room, Algo Calls, Trades and Alerts:
After two excellent days on Tuesday and Wednesday, Thursday wasn’t as good. I was traveling and wifi service was difficult also.
As mentioned Wednesday, I got out of $JUNO swing with nice gains and $CBMX swing for near 100% gains.
Momentum / Note-able Stocks Today (via FinViz):
NA as this is being posted days late.
Stocks, ETN’s, ETF’s I am Holding:
I am holding (in order of sizing – all moderately small to small sizing) $UWT, $BSTG, $ONTX, $DUST, $VRX, $TRCH, $LGCY, $SSH, $ASM:
Trading and The Markets Looking Forward:
Recent notes in post market reports that still apply,
“The small and micro momentum stocks continue to pop, however, traders need to be cautious because often its the low floats and thin trade can be difficult to chip out of positions – caution warranted in many ways.”
“These low float micros have in past signaled the end of a cycle in the market – keep that in mind.”
“Our standard plays that reflect the six algorithm charting we do are all at decisions at either support or resistance so this should get really interesting soon.”
Per yesterday, “Our swing trading side continues to outperform all my expectations for 2017 (you can find the most recent unlocked swing trading newsletter on our blog) – I had a feeling it was going to do well, just didn’t quite expect a grandslam. We’re in the middle of compiling our next set of stock picks for the swing trading members and will have them out over next few days – hopefully that batch will bring the same type of returns as the new year batch did and continue to in most instances.
US Dollar $DXY $USDJPY $UUP:
Per recent; $DXY US Dollar is threatening to the trend reversal side, but not confirmed, awaiting market direction.
Gold $GLD $XAUUSD / Gold Miner’s $GDX:
Per recent; Gold and Miner’s are both at what we consider key resistance.
Silver $SLV:
Per recent; Silver is at what consider key resistance.
Crude Oil $USOIL $WTI:
Per recent; Crude oil continues to threaten a key support and resistance area that we have used as an area of accumulation long (we’re long as long as the trend is in place – the trend is your friend and we’re trading the range until it isn’t).
Volatility $VIX:
Per recent; Volatility continues its flat line.
$SPY S&P 500:
Per recent, “$SPY continues the break-out. Trade the Fibs and buy the dip until you can’t. Respect stops.”
Natural Gas:
Watch 2.44 – 2.57
$NG_F $NATGAS $UGAZ $DGAZ $UNG range to watch. https://t.co/xDTcrUqyiG
— Curtis Melonopoly (@curtmelonopoly) February 27, 2017
$NG_F $NATGAS $UGAZ $DGAZ $UNG https://t.co/pZ0tyXYvR5
— Curtis Melonopoly (@curtmelonopoly) February 27, 2017
Momentum Trades:
Per recent; As noted above, the low float micros and small cap issues continue in momo.
Swing Trading:
Per recent; As noted above, our Swing Trading service has sent one out of the park after another. Continues to look good forward.
The Charting Algorithm Twitter feeds can be found here: $WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index).
Compound Trading Stock Chat-room Transcript:
Miscellaneous chatter may be removed.
Announcements in room:
09:10 am Curtis M : Morning! Protected: PreMarket Trading Plan Thurs Feb 23 Small cap oil, $NE, $PTX, $NAK, $CIM, $CBMX, $OWCP, $THCT, $CNBX, https://compoundtrading.com/premarket-trading-plan-thurs-feb-23-small-cap-oil-ne-ptx-nak-cim-cbmx-owcp-thct-cnbx-bstg/ PASSWORD: PREMARKET022317 I will be here for premarket then travel rest of day back Friday all day.
10:39 am Curtis M : I\’m packing for my journey but I\’ll be n room when wifi avail en route see ya tomorrow for full day! GL!
Transcript:
07:52 am John M : mrnin curt
07:52 am Curtis Melonopoly : mornin! just doing morning prep catcha soon
08:42 am Sandra Q : mornin
08:43 am Jack D : 🙂
08:45 am Sandra Q : oil happy
09:01 am Sandra Q : looks like premarket newsletter out I’ll get it L)
09:01 am ibrahim ibrahim : morning
09:01 am Sandra Q : hey ibrahim
09:02 am ibrahim ibrahim : hello Sandra
09:02 am Sandra Q : Protected: PreMarket Trading Plan Thurs Feb 23 Small cap oil, $NE, $PTX, $NAK, $CIM, $CBMX, $OWCP, $THCT, $CNBX, https://compoundtrading.com/premarket-trading-plan-thurs-feb-23-small-cap-oil-ne-ptx-nak-cim-cbmx-owcp-thct-cnbx-bstg/ PASSWORD: PREMARKET022317
09:03 am Sandra Q : Kinda though Curt would be directing sights on small cap oil soon
09:05 am Cara R : morning ibrahim
09:05 am ibrahim ibrahim : morning Cara
09:06 am daniel c : whoot whoot baking on oil crew!!!
09:06 am daniel c : banking lol
09:06 am ibrahim ibrahim : lol
09:06 am Sandra Q : mornin daniel
09:07 am daniel c : I love that little algo some days
09:07 am Sandy S : hey peeps
09:07 am daniel c : big day sandy
09:08 am Sandra Q : d excited about oil
09:08 am Sandra Q : i am too but you know
09:08 am daniel c : it’s going thru the ceiling today S & S haha
09:09 am ibrahim ibrahim : i guess its not liking what the iranian oil minister said lol
09:10 am daniel c : lol
09:10 am Sandra Q : yeh
09:12 am OILK K : mornin kids looks like we’re all a little richer today
09:12 am Sandra Q : lol
09:19 am Curtis M : I wont be on mic for open – contractors stil lin my office for today finishing – but if I trade I will post here
09:22 am Sandy S : morning mat!
09:25 am Sandy S : time to short oil?
09:25 am OILQ K : lol
09:26 am Mathew Waterfall : Morning guys. Will be exiting some $TGB here entered down at 1.34 and want to lighten up a bit. Other than that watching silver and gold to see what they do here
09:26 am slade d : mornin mathew
09:28 am Sandra Q : lets do this – keep it rolling
09:29 am Sandra Q : Curt’s not on mic FYI – contractors finishing in his office today
09:30 am Sandy S : long $PTX
09:30 am OILK K : in with ya
09:30 am OILK K : oh shit
09:30 am OILQ K : let it settle
09:30 am OILQ K : there ya go long too
09:31 am Mathew Waterfall : Out $TGB 1.53. flat on that name at this point
09:33 am Mathew Waterfall : Would like to see natty base right here at 2.656ish. prior support/res
09:35 am Sandy S : Long $UGAZ
09:37 am OILQ K : $AMCN long
09:38 am Sandra Q : Closing $CBMX swing
09:39 am Mathew Waterfall : $SWN add. Using this as a proxy for natty as wel. In some $CHK calls but looking at common there as well
09:40 am Curtis M : $RNVA nice wash on 5
09:43 am Sandy S : $NAK looks good today
09:44 am slade d : $SINA long for a swinger
09:48 am Curtis M : Long $RNVA
09:49 am Curtis M : $OWCP long
09:51 am Mathew Waterfall : Watching $CHK for regain of the 9 day and reentry into the channel. Looks like those are my two entry points
09:51 am Jake R : Looking at $NAK
09:55 am Sandy S : holllyy shit curt good play
09:55 am Curtis M : out $OWCP
09:55 am Curtis M : 1.86 – 2.115
09:56 am Sandy S : nice work but i think you left early
09:56 am Curtis M : never overstay my welcome
09:56 am Sandy S : fine lol
09:57 am Mathew Waterfall : $SLB seeing some call love here. Natty gas exporter
09:57 am OILQ K : watching that Mat
09:58 am OILQ K : going to be really interesting soon – with oil too
09:58 am Curtis M : hey Sandy how was my exit lololol
09:58 am Mathew Waterfall : Lots of decision needs to be made across the board
09:58 am Sandra Q : Curt got da skillz
09:59 am Sandra Q : and sir Mat and ya u know it me
10:01 am Curtis M : in again
10:03 am marc milam : hello guys, girls
10:03 am Curtis M : out up a few cents
10:04 am Curtis M : up 10% this morning n small account
10:04 am Sandy S : not funny
10:04 am Sandy S : lol
10:05 am Sandy S : I should just follow u guys
10:05 am Curtis M : nope trade your plan… learn 🙂
10:06 am Sandy S : lol i am I win now lol
10:07 am Curtis M : wow nice play on $PTX it should go now guys
10:09 am Curtis M : stoch rsi coming off here
10:09 am Curtis M : but tsi trending up
10:10 am Curtis M : 50 50 here
10:10 am Curtis M : $NAVB halt
10:16 am Curtis M : Gold at 50% retrace of decline from last summer and near the quadrant edge (blue line) – above blue line it could be gone for a long time
10:17 am ibrahim ibrahim : i was looking to sell at 1255
10:19 am Curtis M : 1252 if it holds that could be gone for a long time….
10:19 am Curtis M : just what our math says is all
10:19 am Curtis M : could be wrong
10:19 am ibrahim ibrahim : 🙂
10:20 am slade d : lololol uh no its not wrong
10:21 am Curtis M : we’ve ben wrong I think maybe… I have but I can’t recall algos being wrong actually… u could be right slade lol
10:21 am Curtis M : i’m wrong regularly but the math hmmm
10:21 am ibrahim ibrahim : im looking at the hourly on 11 nov 2016
10:22 am ibrahim ibrahim : last low pre free fall
10:22 am Curtis M : really interesting spot
10:22 am ibrahim ibrahim : a rounded retest
10:22 am ibrahim ibrahim : i could be wrong too :0
10:22 am ibrahim ibrahim : :))
10:23 am Curtis M : algo math says 1251.11 is the test and the algo quadrant wall is at 1252.20 and above that she’s gone as far as algos are concerned
10:24 am Curtis M : i guess we’ll see
10:24 am Curtis M : congrats longs!!!
10:24 am Sandy S : whay thanks curt
10:25 am OILQ K : ya ha i think everyone pretty much except curt took that algo recommendation at the turn 🙂
10:25 am Curtis M : omg you had to
10:25 am OILQ K : haha sorry
10:26 am ibrahim ibrahim : thank you, its my first time in the room, will keep the algo level in mind : )
10:26 am Sandra Q : the algos are spooky accurate ibrahim
10:27 am Sandra Q : spooky lol
10:27 am ibrahim ibrahim : lool
10:27 am ibrahim ibrahim : niice
10:27 am Curtis M : wow congrats guys seriously what a great play for ya all
10:27 am Carol B : we’re all richer today
10:28 am Mathew Waterfall : no high fiving yet. Made a new high but still needs continuation
10:28 am Sandra Q : lol Mat!!! you’re the best
10:29 am Curtis M : welcome ibrahim sorry it took so long 🙂
10:30 am Sandy S : i was wondering lol
10:30 am Mathew Waterfall : natty!
10:30 am Mathew Waterfall : nice report there
10:35 am Curtis M : cant find PR on $NAVB
10:36 am Curtis M : we don’t have algorithmic charting for natgas
10:36 am Curtis M : for navgas we rely heavily on Mathew
10:37 am Mathew Waterfall : And to trade it I rely heavily on red wine so take that for what you will lol
10:37 am Mathew Waterfall : I never trade it large in size, and always trade against prior levels. Natty can trade like an angry bipolar ex so be careful
10:37 am Sandra Q : ha
10:39 am Curtis M : I’m packing for my journey but I’ll be n room when wifi avail en route see ya tomorrow for full day! GL!
10:40 am Curtis M : Mat you can take over charts anytme if you like or not.
10:41 am Mathew Waterfall : OK. I’ll be here until 12 then have to take a break for an appointment so I’ll take over it anything fun come sup
10:41 am Curtis M : ok room will run
10:41 am Curtis M : ttyl
10:44 am Mathew Waterfall : dollar testing into the 100 handle. Godl bugs want to see that breakdown continue
10:47 am Sandra Q : .
10:50 am Mathew Waterfall : Big money is quiet on the optiosn side today. BAC and $FDX/$UPS saw a ton of buying yesterday, no follow through tere into today that I’ve seen though
10:50 am OILQ K : 10 – 4
10:51 am Greg L : not looking healthy intra
10:51 am Mathew Waterfall : Feels like it wants to finally roll over here IMO. Some internals finally not being propped up
10:52 am Jack D : might be a study day yet
10:55 am Mathew Waterfall : $IAG amr 5.5’s at .09 on this morning weakness. This see’s 5’s shortly if gold holds up
10:55 am Mathew Waterfall : *mar monthlies
10:55 am Jack D : nce
10:55 am Carol B : yes
10:56 am Mathew Waterfall : On the bid for more but don’t know if I’ll get them
10:56 am MarketMaven M : back in bit
11:00 am Mathew Waterfall : on the mic
11:07 am Mathew Waterfall : Did pick up some additional $IAG common to go along iwth yesterdays buy and calls bought today
11:08 am Mathew Waterfall : Crude: +564K, Last +9.527MMDistillate: -4.92MM Gasoline: -2.63MMCushing: -1.53MM
11:10 am Mathew Waterfall : $VXX sweeps. People starting to look towards the downside here
11:27 am curtenroute m : doesnt look like i missed much
11:28 am slade d : nope
11:33 am Mathew Waterfall : Taking over the screens if it lets me. Those alerts were right in the middle of the screen
11:34 am curtenroute m : perfect
11:34 am Mathew Waterfall : Silver left, usd/jpy right with gold over lay being the bright gold line if that isn’t clear
11:35 am OILK K : clear
11:35 am OILK K : clear
11:48 am Mathew Waterfall : Loojing for some of these miners to play catch up here. light day in $GDX thus far, many not trusting this move it seems. If gold gets up and over and ramps there will be a massivce chase underway
11:52 am curtenroute m : $ONCS
11:57 am Mathew Waterfall : Gotta take a break. Be back a bit later will leave the screens up
11:57 am curtenroute m : KK
11:57 am curtenroute m : $ONCS didnt get much om news
11:57 am curtenroute m : picked wrong day
11:59 am curtenroute m : $ONCD VWAP
11:59 am slade d : tough day
12:04 pm curtenroute m : $ONCS LOL
12:04 pm curtenroute m : VWACKED
12:09 pm curtenroute m : bears gotta make it happen today imo
12:10 pm curtenroute m : if they dont bulls will likely take lead tomorrow
12:28 pm Mathew Waterfall : Resetting things, back in a few
12:34 pm Sandy S : $EEM blocks
12:39 pm Optionsavvy none : gm
12:47 pm OILK K : hey optionsavvy
12:47 pm OILK K : Curts on the road so charts arent running
12:47 pm OILK K : quiet day
12:48 pm Jake R : Looking at $OWCP here
12:51 pm Optionsavvy none : not a bad look. if buyers can drag it north for a HOD break it could run nicely
12:52 pm OILK K : Long $VLTC a starter
12:53 pm Optionsavvy none : RWLK vol
12:54 pm Optionsavvy none : RWLK seller defending 2.5 if breaks could see 3+
12:56 pm Jake R : $OWCP may clear 2
12:56 pm Mathew Waterfall : Dollar getting a little action here but quiet across the board. This could easily get messy but I think the bears are deflated so it just grinds
12:58 pm Optionsavvy none : RWLK long
01:00 pm slade d : $OTIV HOD
01:00 pm slade d : looking at $RWLK options
01:00 pm Optionsavvy none : I’m not in love with it but vol staying in when they hit the ask so going to ride it out a few
01:01 pm Optionsavvy none : bid sorry
01:02 pm Optionsavvy none : might be taking my +.05 and going elsewhere if they dont follow through shortly
01:05 pm OILQ K : twtr blocks
01:05 pm Mathew Waterfall : Under VWAP and MACD cross on $RWLK
01:07 pm Optionsavvy none : vol died on me
01:08 pm Optionsavvy none : 2.24 will stop me out
01:09 pm Sandy S : $TZA for a start
01:11 pm Optionsavvy none : still in
01:11 pm OILQ K : Adding to $DIS swing last add
01:13 pm Optionsavvy none : took myself out at -.10
01:15 pm Optionsavvy none : this AYA has been showing up on my scans. decent flag
01:15 pm Mathew Waterfall : Natty gives up all of the post report gains and then some. Still can’t find its footing
01:15 pm curtenroute m : watching $OWCP wash out while on road here
01:18 pm slade d : $TSLA VWAP
01:21 pm OILQ K : $CETX on move
01:28 pm curtenroute m : Long $OWCP
01:37 pm curtenroute m : man I hit it hard too and nothing … holding for mow
01:38 pm curtenroute m : was looking for a break on HOD with time of day on my side maybe
01:42 pm slade d : .
01:47 pm curtenroute m : $CLBS halt
01:48 pm Mathew Waterfall : More $SLB and $BAC calls being bought. $BAC has seen orders flowing all week, someones looking for a rate hike
01:50 pm Optionsavvy none : BAC working on a breakout of 11/08 levels
01:51 pm Optionsavvy none : been looking at BAC leaps
01:51 pm Jake R : $TEUM HOD
01:53 pm Mathew Waterfall : I don’t see how $BAC keeps running without another rate hike, and there’s no reason to think we get one in March
01:57 pm Optionsavvy none : because it was being smothered by regs . now that we have $GS in the whitehouse its going to be a free for all
01:58 pm Optionsavvy none : bring back the Credit swaps and stated loans weve learned nothing
02:00 pm curtenroute m : had to cut down 5 cents
02:00 pm Mathew Waterfall : Just like we’re now learning the tax plans aren’t coming anytime soon, I think banks start to feel the lack of action as well. That’s just me I’m not bearish on them just don’t want to be launching huge calls into them
02:01 pm Optionsavvy none : agree thats the unknown
02:02 pm Optionsavvy none : BAC 11/08 high was 24.62. broke that this morning and pulled back. wait and see mode
02:04 pm Mathew Waterfall : It broke that yesterday and sold off on FOMC minutes as well so there’s at least some optimism tied to the rake hike possibility
02:04 pm Optionsavvy none : BAC one of my fav option plays. cheap to play
02:05 pm Optionsavvy none : FH showed up scan pre. currently running about 2x vol. could bounce nicely
02:09 pm Jake R : Just noticed that $NE Noble call from your Twitter feed that was on newsletter this morning – I missed that one nice call!
02:10 pm Optionsavvy none : heading out. just stopped by to check out the room. best of luck all
02:10 pm Mathew Waterfall : $FH likes to play that range it seems. I’ve traded it a bit in the recent past and it has rouble getting going
02:10 pm curtenroute m : $OWCP runs lol
02:10 pm Mathew Waterfall : Thanks you as well!
02:25 pm curtenroute m : $NE still running
02:26 pm Jake R : $CNXS sub up 100%+ wow
02:27 pm Mathew Waterfall : $NE 38.2 and large volume dist at 8.34 FYOI
02:27 pm Mathew Waterfall : *FI
02:27 pm Mathew Waterfall : jesus fyi I mean
02:32 pm OILK K : $CLBS nHOD
02:34 pm Mathew Waterfall : MEssy flow across the board again today in the indexes. SPY calls and puts being bought, a large $QQQ put order earlier, some $TZA calls. $VXX calls also being bought. So leaning a bit to the downside per my viewing but will have to double check the OI and totals alter
02:52 pm Sandy S : $GEVO pops
03:01 pm curtenroute m : what a mess out there
03:12 pm curtenroute m : $MGTI HOD
03:48 pm curtenroute m : Howd your day make out Mathew? Sorry I was distracted on the road here.
03:49 pm Jake R : pretty quiet curt
03:49 pm curtenroute m : tomorrow another day!
03:52 pm Mathew Waterfall : Another quiet day. Albeit green so I’m not complaining lol. Looks like most of the miners are lagging pretty hard here so I’m waiting for some catch up to start there and to see if we keep some rotation into energy names. Will want to enter $CHK before too long I think and don’t mind the level that natty is trading as long as it holds and gets back into the 2.70’s
03:53 pm curtenroute m : thanks for the update!
03:54 pm Mathew Waterfall : Yea not much going on after the initial action. Signs point to vol coming back though so let’s cross our fingers
03:54 pm curtenroute m : yup\
03:55 pm slade d : catcha tomorrow
03:57 pm Mathew Waterfall : Have a good night all, see ya in the morning!
03:57 pm curtenroute m : cya
03:57 pm Sandy S : bye guys
Be safe out there!
Article Topics: $NE, $PTX, $NAK, $CIM, $CBMX, $OWCP, $THCT, $CNBX – $DUST, $ASM, $SSH, $VRX, $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